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            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT FOR AN EDUCATIONAL INSTITUTION- TAX EXEMPT 501(C)(3) SCHOOL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>BAIS YAKOV FAIGEH SCHONBERGER SCHOO</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1169 43RD STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT FOR AN EDUCATIONAL INSTITUTION- TAX EXEMPT 501(C)(3) SCHOOL</PurposeOfGrantOrContribution>
          <Amount>3600</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>YESHIVA MESIFTA CHASAN SOFER</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1876 50TH STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT FOR AN EDUCATIONAL INSTITUTION- TAX EXEMPT 501(C)(3) SCHOOL</PurposeOfGrantOrContribution>
          <Amount>3600</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>230800</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>66812</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>23359</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>MORNINGSIDE RIDGE LLC K-1</Description>
          <ExclusionCode>1</ExclusionCode>
          <ExclusionAmount>-57660</ExclusionAmount>
        </OtherRevenueDescribed>
        <OtherRevenueDescribed>
          <Description>CFP 2 LP K-1 Line 1</Description>
          <ExclusionCode>1</ExclusionCode>
          <ExclusionAmount>-34259</ExclusionAmount>
        </OtherRevenueDescribed>
        <OtherRevenueDescribed>
          <Description>CFP 1 LP K-1 LINE 1</Description>
          <ExclusionCode>1</ExclusionCode>
          <ExclusionAmount>-6538</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>-8286</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>-8286</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="11000144" softwareVersion="2011v1.2">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>SIMEON FRIEDMAN</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1147 57TH STREET</AddressLine1>
          <City>BROOKLYN</City>
          <State>NY</State>
          <ZIPCode>11219</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>10000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <InvestmentsCorpStock>
        <NameOfStock>CORP STOCKS- BERNSTEIN- SEE ATTACHED</NameOfStock>
        <EOYBookValue>2424274</EOYBookValue>
        <EOYFMV>2398853</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>FIDELITY INVESTMENTS -HERITAGE BANK</NameOfStock>
        <EOYBookValue>125000</EOYBookValue>
        <EOYFMV>48260</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="11000144" softwareVersion="2011v1.2">
      <InvestmentsOther>
        <CategoryOrItem>MORNINGSIDE RIDGE LLC K-1</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>440571</BookValue>
        <EOYFMV>440571</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>THE ENDOWMENT TEI FUND, LP ML#2</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>INVESTMENT IN CFP 2, LP K-1</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>11821</BookValue>
        <EOYFMV>17477</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>INVESTMENT IN CFP 1, LP K-1</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>9421</BookValue>
        <EOYFMV>9421</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherExpenses>
        <Description>PREMIUMS PAID</Description>
        <RevenueAndExpensesPerBooks>525</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>525</NetInvestmentIncome>
        <AdjustedNetIncome>525</AdjustedNetIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OTHER EXPENSES</Description>
        <RevenueAndExpensesPerBooks>-2352</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-2352</NetInvestmentIncome>
        <AdjustedNetIncome>-2352</AdjustedNetIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INVESTMENT ADVISORY FEES</Description>
        <RevenueAndExpensesPerBooks>12799</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>12799</NetInvestmentIncome>
        <AdjustedNetIncome>12799</AdjustedNetIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FILING FEES</Description>
        <RevenueAndExpensesPerBooks>250</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>250</NetInvestmentIncome>
        <AdjustedNetIncome>250</AdjustedNetIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="11000144" softwareVersion="2011v1.2">
      <OtherIncome>
        <Description>MORNINGSIDE RIDGE LLC K-1</Description>
        <RevenueAndExpensesPerBooks>-57660</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>-57660</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>CFP 2 LP K-1 Line 1</Description>
        <RevenueAndExpensesPerBooks>-34259</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>-34259</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>CFP 1 LP K-1 LINE 1</Description>
        <RevenueAndExpensesPerBooks>-6538</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>-6538</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="11000144" softwareVersion="2011v1.2">
      <Taxes>
        <Category>FEDERAL TAX PAID</Category>
        <Amount>4769</Amount>
        <NetInvestmentIncome>4769</NetInvestmentIncome>
        <AdjustedNetIncome>4769</AdjustedNetIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>