﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2011v1.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-11-06T10:59:43-06:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>520959934</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>ELLIN &amp; TUCKER CHARTERED</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>100 S CHARLES ST SUITE 1300</AddressLine1>
        <City>BALTIMORE</City>
        <State>MD</State>
        <ZIPCode>21201</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>522156982</EIN>
      <Name>
        <BusinessNameLine1>BROWN FAMILY FOUNDATION INC</BusinessNameLine1>
      </Name>
      <NameControl>BROW</NameControl>
      <Phone>4108954808</Phone>
      <USAddress>
        <AddressLine1>901 SOUTH BOND STREET NO 400</AddressLine1>
        <City>BALTIMORE</City>
        <State>MD</State>
        <ZIPCode>21231</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>J DORSEY BROWN</Name>
      <Title>PRESIDENT</Title>
      <Phone>4108954808</Phone>
      <DateSigned>2012-11-06</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>H MARTIN FETSCH</Name>
      <PTIN>P00002584</PTIN>
      <Phone>4107275735</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="4">
    <IRS990PF documentId="RetDoc1235000001">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>1454667</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>30</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>30</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>31249</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>31249</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>25181</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>174204</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>25181</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>56460</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>56460</TotalNetInvestmentIncome>
        <CompOfcrDirTrstRevAndExpnss>0</CompOfcrDirTrstRevAndExpnss>
        <CompOfcrDirTrstNetInvstIncm>0</CompOfcrDirTrstNetInvstIncm>
        <CompOfcrDirTrstDsbrsChrtblPrps>0</CompOfcrDirTrstDsbrsChrtblPrps>
        <AccountingFeesRevAndExpnss referenceDocumentId="RetDoc2002200001">2100</AccountingFeesRevAndExpnss>
        <AccountingFeesNetInvstIncm>0</AccountingFeesNetInvstIncm>
        <AccountingFeesDsbrsChrtblPrps>0</AccountingFeesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>2100</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>0</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>0</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>70500</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>70500</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>72600</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>0</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>70500</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-16140</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>56460</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>12786</CashBOY>
        <CashEOY>20926</CashEOY>
        <CashEOYFMV>20926</CashEOYFMV>
        <SavingsAndTempCashInvstBOY>259128</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>186651</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>186651</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpBondsBOY>1074339</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY referenceDocumentId="RetDoc2044400001">1122536</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>1247090</InvestmentsCorpBondsEOYFMV>
        <TotalAssetsBOY>1346253</TotalAssetsBOY>
        <TotalAssetsEOY>1330113</TotalAssetsEOY>
        <TotalAssetsEOYFMV>1454667</TotalAssetsEOYFMV>
        <TotalLiabilitiesBOY>0</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <CapitalStockBOY>0</CapitalStockBOY>
        <CapitalStockEOY>0</CapitalStockEOY>
        <PaidInOrCapitalSurplusBOY>0</PaidInOrCapitalSurplusBOY>
        <PaidInOrCapitalSurplusEOY>0</PaidInOrCapitalSurplusEOY>
        <RetainedEarningsBOY>1346253</RetainedEarningsBOY>
        <RetainedEarningsEOY>1330113</RetainedEarningsEOY>
        <TotalNetAssetsBOY>1346253</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>1330113</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>1346253</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>1330113</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>1346253</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-16140</ExcessOfRevenueOverExpenses>
        <OtherIncreases>0</OtherIncreases>
        <Subtotal>1330113</Subtotal>
        <OtherDecreases>0</OtherDecreases>
        <TotalNetAssetsFundBalancesEOY>1330113</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1000 SHS KINDER MORGAN MGMT LLC</DescriptionOfAsset>
          <DateAcquired>2009-01-05</DateAcquired>
          <DateSold>2011-03-07</DateSold>
          <GrossSalesPrice>78259</GrossSalesPrice>
          <CostOrOtherBasis>38903</CostOrOtherBasis>
          <GainOrLoss>39356</GainOrLoss>
          <GainsMinusExcessOrLosses>39356</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>600 SHS WELL POINT</DescriptionOfAsset>
          <DateAcquired>1999-10-18</DateAcquired>
          <DateSold>2011-06-07</DateSold>
          <GrossSalesPrice>46409</GrossSalesPrice>
          <CostOrOtherBasis>7668</CostOrOtherBasis>
          <GainOrLoss>38741</GainOrLoss>
          <GainsMinusExcessOrLosses>38741</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>600 SHS DEVON ENERGY</DescriptionOfAsset>
          <DateAcquired>2008-11-17</DateAcquired>
          <DateSold>2011-12-09</DateSold>
          <GrossSalesPrice>39208</GrossSalesPrice>
          <CostOrOtherBasis>42384</CostOrOtherBasis>
          <GainOrLoss>-3176</GainOrLoss>
          <GainsMinusExcessOrLosses>-3176</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>80 SHS CITIGROUP IN</DescriptionOfAsset>
          <DateAcquired>2008-01-18</DateAcquired>
          <DateSold>2011-12-09</DateSold>
          <GrossSalesPrice>2320</GrossSalesPrice>
          <CostOrOtherBasis>21579</CostOrOtherBasis>
          <GainOrLoss>-19259</GainOrLoss>
          <GainsMinusExcessOrLosses>-19259</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1400 SHS BANK OF ANERICA</DescriptionOfAsset>
          <DateAcquired>2008-06-25</DateAcquired>
          <DateSold>2011-12-09</DateSold>
          <GrossSalesPrice>8008</GrossSalesPrice>
          <CostOrOtherBasis>38489</CostOrOtherBasis>
          <GainOrLoss>-30481</GainOrLoss>
          <GainsMinusExcessOrLosses>-30481</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>25181</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>0</LiableFor4942Tax>
        <QualifyingDistributionsYear1>18243</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>1553469</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.011743</DistributionRatioYear1>
        <QualifyingDistributionsYear2>0</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>1197949</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.0</DistributionRatioYear2>
        <QualifyingDistributionsYear3>1000</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>1290156</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.000775</DistributionRatioYear3>
        <QualifyingDistributionsYear4>669</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>1239679</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.000540</DistributionRatioYear4>
        <QualifyingDistributionsYear5>1797</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>991995</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.001812</DistributionRatioYear5>
        <TotalDistributionRatio>0.014870</TotalDistributionRatio>
        <AverageDistributionRatio>0.002974</AverageDistributionRatio>
        <NetNoncharitableAssets>1831091</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>5446</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>565</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>6011</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>70500</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>565</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <Subtotal>565</Subtotal>
        <SubtitleATax>0</SubtitleATax>
        <TaxBasedOnInvestmentIncome>565</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>1263</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>1263</TotalCreditsAndPayments>
        <Overpayment>698</Overpayment>
        <AmountCreditedToNextYear>698</AmountCreditedToNextYear>
        <AmountToBeRefunded>0</AmountToBeRefunded>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>0</LegislativePoliticalActivities>
        <MoreThan100Spent>0</MoreThan100Spent>
        <Form1120POLFiled>0</Form1120POLFiled>
        <Sect4955TaxOnOrganization>0</Sect4955TaxOnOrganization>
        <Sect4955TaxOnManagers>0</Sect4955TaxOnManagers>
        <ReimbursementOfTax>0</ReimbursementOfTax>
        <ActivitiesNotPrevReported>0</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>0</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>0</UnrelatedBusIncomeOver1000>
        <TerminationEtc>0</TerminationEtc>
        <RequirementsOfSect508e>1</RequirementsOfSect508e>
        <AtLeast5000InAssets>1</AtLeast5000InAssets>
        <StatesFiledWith>MD</StatesFiledWith>
        <Form990PFFiledWithAG>1</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>0</PrivateOperatingFoundation>
        <NewSubstantialContributors>0</NewSubstantialContributors>
        <InterestInControlledEntity>0</InterestInControlledEntity>
        <ApplicableInsuranceContract>0</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>1</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfPersonName>J DORSEY BROWN III</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>4108954808</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>PO BOX 19</AddressLine1>
          <City>BUTLER</City>
          <State>MD</State>
          <ZIPCode>21023</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>0</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>0</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>0</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>0</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>0</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>0</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>0</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>0</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>0</UndistributedIncomePriorYears>
        <BusinessHoldings>0</BusinessHoldings>
        <JeopardyInvestments>0</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>0</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>0</InfluenceLegislation>
        <InfluenceElection>0</InfluenceElection>
        <GrantsToIndividuals>0</GrantsToIndividuals>
        <GrantsToOrganizations>0</GrantsToOrganizations>
        <NoncharitablePurpose>0</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>0</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>0</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>0</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>J DORSEY BROWN III</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 19</AddressLine1>
            <City>BUTLER</City>
            <State>MD</State>
            <ZIPCode>21023</ZIPCode>
          </USAddress>
          <Title>DIRECTOR/PRES/TREAS</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>J DORSEY BROWN IV</PersonName>
          <USAddress>
            <AddressLine1>1500 LOCUST AVE</AddressLine1>
            <City>TOWSON</City>
            <State>MD</State>
            <ZIPCode>21204</ZIPCode>
          </USAddress>
          <Title>DIRECTOR/VP/SEC</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>N/A</Description1>
        <Expenses1>0</Expenses1>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments>
        <Description1>N/A</Description1>
        <Amount1>0</Amount1>
        <AllOthProgRltdInvestmentsTotal referenceDocumentId="RetDoc2063500001">0</AllOthProgRltdInvestmentsTotal>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>1559159</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>299817</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>1858976</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>1858976</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>27885</CashDeemedCharitable>
        <NetNoncharitableAssets>1831091</NetNoncharitableAssets>
        <MinimumInvestmentReturn>91555</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>91555</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>565</TaxBasedOnInvestmentIncome>
        <TotalTax>565</TotalTax>
        <DistributableAmountBeforeAdj>90990</DistributableAmountBeforeAdj>
        <RecoveriesQlfyDistributions>0</RecoveriesQlfyDistributions>
        <DistributableAmountBeforeDed>90990</DistributableAmountBeforeDed>
        <DeductionFrDistributableAmount>0</DeductionFrDistributableAmount>
        <DistributableAmountAsAdjusted>90990</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>70500</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>70500</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>565</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>69935</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>90990</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>67234</UndistributedIncomePriorYear>
        <TotalForPriorYears>0</TotalForPriorYears>
        <TotalExcessDistriCarryover>0</TotalExcessDistriCarryover>
        <QualifyingDistributions>70500</QualifyingDistributions>
        <AppliedToYear1>67234</AppliedToYear1>
        <AppliedToPriorYears>0</AppliedToPriorYears>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>3266</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>0</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>0</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>0</ExcessDistriCyovAppliedCY>
        <TotalCorpus>0</TotalCorpus>
        <PriorYearUndistributedIncome>0</PriorYearUndistributedIncome>
        <PriorYearDeficiencyOrTax>0</PriorYearDeficiencyOrTax>
        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>87724</UndistributedIncomeCY>
        <DistriFromCorpus170b1EOr4942g3>0</DistriFromCorpus170b1EOr4942g3>
        <ExcessDistriCyovFromYear5>0</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>0</ExcessDistriCyovToNextYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>B MORE CLUBHOUSE INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5 E READ ST</AddressLine1>
            <City>BALTIMORE</City>
            <State>MD</State>
            <ZIPCode>21202</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHESAPEAKE BAY FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>6 HERNDON AVENUE</AddressLine1>
            <City>ANNAPOLIS</City>
            <State>MD</State>
            <ZIPCode>21403</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GREATER BALTIMORE MEDICAL CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>6701 NORTH CHARLES STREET</AddressLine1>
            <City>TOWSON</City>
            <State>MD</State>
            <ZIPCode>21204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IRVINE NATURAL SCIENCE CENTER INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>11201 GARRISON FOREST RD</AddressLine1>
            <City>OWINGS MILLS</City>
            <State>MD</State>
            <ZIPCode>21117</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>KIEVE-WAVUS EDUCATION INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 169</AddressLine1>
            <City>NOBLEBORO</City>
            <State>ME</State>
            <ZIPCode>04555</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>KIPP BALTIMORE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4701 GREENSPRING AVE ROOM 105</AddressLine1>
            <City>BALTIMORE</City>
            <State>MD</State>
            <ZIPCode>21209</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>7500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LADEW TOPIARY GARDENS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3535 JARRETTSVILLE PIKE</AddressLine1>
            <City>MONKTON</City>
            <State>MD</State>
            <ZIPCode>21111</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MARYLAND SPCA INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3300 FALLS RD</AddressLine1>
            <City>BALTIMORE</City>
            <State>MD</State>
            <ZIPCode>212112403</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SAINT IGNATIUS LOYOLA ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>740 N CALVERT ST</AddressLine1>
            <City>BALTIMORE</City>
            <State>MD</State>
            <ZIPCode>21202</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ST FRANCIS XAVIER CATHOLIC CHURCH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1501 E OLIVER STREET</AddressLine1>
            <City>BALTIMORE</City>
            <State>MD</State>
            <ZIPCode>21213</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>1500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE JOHNS HOPKINS HOSPITAL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3910 KESWICK RD SOUTH BLDG 4TH</AddressLine1>
            <City>BALTIMORE</City>
            <State>MD</State>
            <ZIPCode>21211</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE VALLEYS PLANNING COUNCIL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>118 PENNSYLVANIA AVENUE</AddressLine1>
            <City>TOWSON</City>
            <State>MD</State>
            <ZIPCode>21204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TRINITY WASHINGTON UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>125 MICHIGAN AVENUE NORTHEAST</AddressLine1>
            <City>WASHINGTON DC</City>
            <State>DC</State>
            <ZIPCode>20017</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNITED WAY OF CENTRAL MARYLAND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>100 SOUTH CHARLES ST 5TH FLOOR</AddressLine1>
            <City>BALTIMORE</City>
            <State>MD</State>
            <ZIPCode>21203</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WYPR 881FM</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2216 NORTH CHARLES STREET</AddressLine1>
            <City>BALTIMORE</City>
            <State>MD</State>
            <ZIPCode>21218</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>OTHER PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE GIVING</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>70500</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>30</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>31249</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>25181</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>56460</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>56460</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>0</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFees>
        <Category>ACCOUNTING</Category>
        <Amount>2100</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <AllOthProgRltdInvestmentsSch documentId="RetDoc2063500001">
      <AllOthProgRltdInvestments>
        <Description>N/A</Description>
        <Amount>0</Amount>
      </AllOthProgRltdInvestments>
    </AllOthProgRltdInvestmentsSch>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorpBonds>
        <NameOfBond>2,000 SHS AMERICAN EXPRESS</NameOfBond>
        <EOYBookValue>40206</EOYBookValue>
        <EOYFMV>94340</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>1,400 SHS BANK OF ANERICA</NameOfBond>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>1,800 SHS BEST BUY</NameOfBond>
        <EOYBookValue>38759</EOYBookValue>
        <EOYFMV>42066</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>1,300 SHS CAPITAL ONE</NameOfBond>
        <EOYBookValue>39171</EOYBookValue>
        <EOYFMV>54977</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>800 SHS CITIGROUP IN</NameOfBond>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>600 SHS DEVON ENERGY</NameOfBond>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>1,000 SHS DIAMOND OFFSHORE</NameOfBond>
        <EOYBookValue>62500</EOYBookValue>
        <EOYFMV>55260</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>800 SHS FRANKLIN RESOURCES</NameOfBond>
        <EOYBookValue>42794</EOYBookValue>
        <EOYFMV>76848</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>6,000 SHS GENERAL ELECTRIC</NameOfBond>
        <EOYBookValue>132141</EOYBookValue>
        <EOYFMV>107460</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>8,000 SHS GENWORTH</NameOfBond>
        <EOYBookValue>13763</EOYBookValue>
        <EOYFMV>52400</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>2,200 SHS JP MORGAN</NameOfBond>
        <EOYBookValue>88271</EOYBookValue>
        <EOYFMV>73150</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>2000 SHS KINDER MORGAN MGMT LLC</NameOfBond>
        <EOYBookValue>57250</EOYBookValue>
        <EOYFMV>64340</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>1,300 SHS KRAFT FOODS</NameOfBond>
        <EOYBookValue>38337</EOYBookValue>
        <EOYFMV>48568</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>1,500 SHS MERCK &amp; CO</NameOfBond>
        <EOYBookValue>40143</EOYBookValue>
        <EOYFMV>56550</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>2,400 SHS MICROSOFT</NameOfBond>
        <EOYBookValue>62904</EOYBookValue>
        <EOYFMV>62304</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>3,000 SHS PFIZER INC</NameOfBond>
        <EOYBookValue>79140</EOYBookValue>
        <EOYFMV>64920</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>3,000 SHS SHORE BANCSHARES INC</NameOfBond>
        <EOYBookValue>98307</EOYBookValue>
        <EOYFMV>30900</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>1,500 SHS SOUTHWESTERN ENERGY</NameOfBond>
        <EOYBookValue>53705</EOYBookValue>
        <EOYFMV>47910</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>1,000 SHS TOTAL S A</NameOfBond>
        <EOYBookValue>51930</EOYBookValue>
        <EOYFMV>51110</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>1,500 SHS WASTE MANAGEMENT</NameOfBond>
        <EOYBookValue>50702</EOYBookValue>
        <EOYFMV>49065</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>1,000 SHS WELL POINT</NameOfBond>
        <EOYBookValue>12781</EOYBookValue>
        <EOYFMV>66250</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>800 SHS WHIRLPOOL</NameOfBond>
        <EOYBookValue>56572</EOYBookValue>
        <EOYFMV>37960</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>5,600 SHS XL CAPITAL LTD CL A</NameOfBond>
        <EOYBookValue>63160</EOYBookValue>
        <EOYFMV>110712</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
  </ReturnData>
</Return>