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          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>TAX EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>55599</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FIRST THINGS FIRST - TAX ID #43-1921463</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>ONE NORTH FIRST STREET SUITE 730</AddressLine1>
            <City>PHOENIX</City>
            <State>AZ</State>
            <ZIPCode>85004</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>TAX EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BEST BUDDIES TAX ID# 52-1614576</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>113 WEST 82ND STREET UNIT BR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10023</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>TAX EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ST ROSE HIGH SCHOOL TAX ID# 22-3320474</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>607 SEVENTH AVENUE</AddressLine1>
            <City>BELMAR</City>
            <State>NJ</State>
            <ZIPCode>07719</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>TAX EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GARDEN STATE FILM FESTIVAL - TAX ID #48-1280505</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 751</AddressLine1>
            <City>ASBURY PARK</City>
            <State>NJ</State>
            <ZIPCode>07712</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>TAX EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TRIBECA FILM INSTITUTE - TAX ID #80-0006057</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>32 Avenue of the Americas 27th Flo</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10013</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>TAX EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED FOR ORGANIZATION GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>12840</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>98439</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>56247</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>3119</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>-4113</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <OtherRevenueDescribed>
          <Description>REALIZED LOSS FROM FLOW THROUGH ENTITY</Description>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>-1788</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>53465</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>53465</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>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFees>
        <Category>ACCOUNTING FEES</Category>
        <Amount>3385</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>3385</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch">
      <Depreciation>
        <DescriptionOfProperty>DELL</DescriptionOfProperty>
        <DateAcquired>2006-01-10</DateAcquired>
        <CostOrOtherBasis>4503</CostOrOtherBasis>
        <PriorYearsDepreciation>4245</PriorYearsDepreciation>
        <ComputationMethod>M5</ComputationMethod>
        <CurrentYearExpense>258</CurrentYearExpense>
      </Depreciation>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorpBonds>
        <NameOfBond>CORPORATE BONDS</NameOfBond>
        <EOYBookValue>1068833</EOYBookValue>
        <EOYFMV>1068833</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtSecuritiesEOYBookValue>174553</USGovtSecuritiesEOYBookValue>
      <USGovtSecuritiesEOYFMV>174553</USGovtSecuritiesEOYFMV>
    </InvestmentsGovtObligationsSch>
    <LandEtcSchedule2 documentId="LandEtcSch2">
      <LandEtc>
        <CategoryOrItem>DELL</CategoryOrItem>
        <CostOrOtherBasis>4503</CostOrOtherBasis>
        <AccumulatedDepreciation>4503</AccumulatedDepreciation>
      </LandEtc>
    </LandEtcSchedule2>
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreases>
        <Description>UNREALIZED LOSS ON INVESTMENTS</Description>
        <Amount>6387</Amount>
      </OtherDecreases>
      <OtherDecreases>
        <Description>FLOW THROUGH FROM PTP</Description>
        <Amount>-2391</Amount>
      </OtherDecreases>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>OUTSIDE SERVICES</Description>
        <RevenueAndExpensesPerBooks>2500</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>2500</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncome>
        <Description>OTHER CAPITAL GAIN LOSS</Description>
        <RevenueAndExpensesPerBooks>-1788</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-1788</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFees>
        <Category>SERVICE FEES</Category>
        <Amount>3320</Amount>
        <NetInvestmentIncome>3320</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>INVESTMENT FEES</Category>
        <Amount>253</Amount>
        <NetInvestmentIncome>253</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>NJ REGISTRATION</Category>
        <Amount>30</Amount>
        <NetInvestmentIncome>30</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>FEDERAL EXTENSION PAYMENT</Category>
        <Amount>1000</Amount>
        <NetInvestmentIncome>1000</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>