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    <Timestamp>2012-05-14T20:32:49-07:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
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        <BusinessNameLine1>LISA A PAPARONE CFP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>83 PARRY DR</AddressLine1>
        <City>HAINESPORT</City>
        <State>NJ</State>
        <ZIPCode>08036</ZIPCode>
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    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
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      <Name>
        <BusinessNameLine1>SAMUEL J PAPARONE FOUNDATION INC</BusinessNameLine1>
      </Name>
      <NameControl>SAMU</NameControl>
      <Phone>6095181586</Phone>
      <USAddress>
        <AddressLine1>83 PARRY DRIVE</AddressLine1>
        <City>HAINESPORT</City>
        <State>NJ</State>
        <ZIPCode>08036</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>LISA PAPARONE SHALLOW</Name>
      <Title>TREASURER</Title>
      <Phone>6095181586</Phone>
      <DateSigned>2012-05-10</DateSigned>
    </Officer>
    <Preparer>
      <Name>LISA A PAPARONE</Name>
      <Phone>6095181586</Phone>
      <DatePrepared>2012-05-14</DatePrepared>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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        <TotalNetAssetsEOY>95260</TotalNetAssetsEOY>
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        <DistributionRatioYear1>0.093214</DistributionRatioYear1>
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        <DistributionRatioYear5>0.077918</DistributionRatioYear5>
        <TotalDistributionRatio>0.439216</TotalDistributionRatio>
        <AverageDistributionRatio>0.087843</AverageDistributionRatio>
        <NetNoncharitableAssets>93350</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>8200</AdjustedNoncharitableAssets>
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      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
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        <TaxUnderSection511>0</TaxUnderSection511>
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        <TaxBasedOnInvestmentIncome>33</TaxBasedOnInvestmentIncome>
        <TaxPaidOriginalReturn>0</TaxPaidOriginalReturn>
        <TaxDue>33</TaxDue>
        <AmountCreditedToNextYear>0</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
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        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfPersonName>LISA A PAPARONE</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>6095181586</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>83 PARRY DRIVE</AddressLine1>
          <City>HAINESPORT</City>
          <State>NJ</State>
          <ZIPCode>08036</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
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        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>KATHARINA PAPARONE</PersonName>
          <USAddress>
            <AddressLine1>CORP ADDRESS</AddressLine1>
            <City>HAINESPORT</City>
            <State>NJ</State>
            <ZIPCode>08036</ZIPCode>
          </USAddress>
          <Title>president</Title>
          <AvgHoursPerWkDevotedToPosition>0.25</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>LESLIE PAPARONE</PersonName>
          <USAddress>
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            <City>HAINESPORT</City>
            <State>NJ</State>
            <ZIPCode>08036</ZIPCode>
          </USAddress>
          <Title>Secretary</Title>
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          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>BRUCE PAPARONE</PersonName>
          <USAddress>
            <AddressLine1>CORP ADDRESS</AddressLine1>
            <City>HAINESPORT</City>
            <State>NJ</State>
            <ZIPCode>08036</ZIPCode>
          </USAddress>
          <Title>VP</Title>
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          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>LISA PAPARONE SHALLOW</PersonName>
          <USAddress>
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            <City>HAINESPORT</City>
            <State>NJ</State>
            <ZIPCode>08036</ZIPCode>
          </USAddress>
          <Title>Treasurer</Title>
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          <Compensation>500</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>94772</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>0</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>94772</TotalFMVOfUnusedAssets>
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        <DistributableAmountAsAdjusted>4635</DistributableAmountAsAdjusted>
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        <QualifyingDistributions>8620</QualifyingDistributions>
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        <ExcessDistriCarryoverYear4>8640</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>8615</ExcessDistriCarryoverYear3>
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        <ExcessDistriCyovFromYear5>8835</ExcessDistriCyovFromYear5>
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        <ExcessFromYear3>8615</ExcessFromYear3>
        <ExcessFromYear2>8620</ExcessFromYear2>
        <ExcessFromYear1>8620</ExcessFromYear1>
        <ExcessFromCurrentYear>8620</ExcessFromCurrentYear>
      </UndistributedIncome>
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        <ContributingManager>NONE</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <AppicationSubmissionInfo>
          <RecipientName>NA</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>N/A</AddressLine1>
            <City>NA</City>
            <State>NJ</State>
            <ZIPCode>08036</ZIPCode>
          </RecipientUSAddress>
          <FormAndInfoAndMaterials>N/A</FormAndInfoAndMaterials>
          <SubmissionDeadlines>N/A</SubmissionDeadlines>
          <RestrictionsOnAwards>N/A</RestrictionsOnAwards>
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        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>URBAN PROMISE MINISTRIES</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1479</AddressLine1>
            <City>CAMDEN</City>
            <State>NJ</State>
            <ZIPCode>08105</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>public charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>unrestricted</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BROOKFIELD ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1009 BERLIN RD</AddressLine1>
            <City>CHERRY HILL</City>
            <State>NJ</State>
            <ZIPCode>08034</ZIPCode>
          </RecipientUSAddress>
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      <OtherExpenses>
        <Description>NJ Annual Report fee</Description>
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