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    <Timestamp>2012-10-28T09:58:33-07:00</Timestamp>
    <TaxPeriodEndDate>2012-08-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>RELIANCE SPECIAL TAX BENEFITS INC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>7615 SW LOTUS BLOSSOM PL</AddressLine1>
        <City>Beaverton</City>
        <State>OR</State>
        <ZIPCode>97008</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-09-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>931291150</EIN>
      <Name>
        <BusinessNameLine1>LIVING WATER FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>LIVI</NameControl>
      <Phone>5036671781</Phone>
      <USAddress>
        <AddressLine1>1075 W HISTORIC COLUMBIA RIVER HWY</AddressLine1>
        <City>Troutdale</City>
        <State>OR</State>
        <ZIPCode>970601348</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>GUY R WOLCOTT</Name>
      <Title>PRESIDENT</Title>
      <Phone>5036671781</Phone>
      <DateSigned>2012-10-27</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>RICHARD E MORRIS 071594EA</Name>
      <Phone>5036469941</Phone>
      <DatePrepared>2012-10-28</DatePrepared>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
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        <InterestOnSavingsRevAndExpnss>39</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>39</InterestOnSavingsNetInvstIncm>
        <TotalRevenueAndExpenses>179373</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>39</TotalNetInvestmentIncome>
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      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>None</DescriptionOfAsset>
        </CapitalGainsAndLossesInfo>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
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        <QualifyingDistributionsYear4>625711</QualifyingDistributionsYear4>
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        <DistributionRatioYear4>0.230874</DistributionRatioYear4>
        <QualifyingDistributionsYear5>404000</QualifyingDistributionsYear5>
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        <DistributionRatioYear5>0.701326</DistributionRatioYear5>
        <TotalDistributionRatio>1.673467</TotalDistributionRatio>
        <AverageDistributionRatio>0.334693</AverageDistributionRatio>
        <NetNoncharitableAssets>238206</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>79726</AdjustedNoncharitableAssets>
        <AdjNonchrtblAssetsAndOnePct>79726</AdjNonchrtblAssetsAndOnePct>
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      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>0</InvestmentIncomeExciseTax>
        <TaxDue>0</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>Not Applicable</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>Global TradeLinks Inc</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>5036469941</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>7615 SW Lotus Blossom Place</AddressLine1>
          <City>Beaverton</City>
          <State>OR</State>
          <ZIPCode>97008</ZIPCode>
        </BooksInCareOfUSAddress>
      </StatementsRegardingActivities>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Guy R Wolcott</PersonName>
          <USAddress>
            <AddressLine1>1075 W Historic Columbia River Hwy</AddressLine1>
            <City>Troutdale</City>
            <State>OR</State>
            <ZIPCode>970601348</ZIPCode>
          </USAddress>
          <Title>President, Director</Title>
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          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Chris G Wolcott</PersonName>
          <USAddress>
            <AddressLine1>1075 W Historic Columbia River Hwy</AddressLine1>
            <City>Troutdale</City>
            <State>OR</State>
            <ZIPCode>970601348</ZIPCode>
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          <Title>Secretary, Director</Title>
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        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Guy R Wolcott II</PersonName>
          <USAddress>
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            <City>Troutdale</City>
            <State>OR</State>
            <ZIPCode>970601348</ZIPCode>
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          <Title>Director</Title>
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        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
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        <AvgMonthlyFMVOfSecurities>201278</AvgMonthlyFMVOfSecurities>
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        <QualifyingDistributions>227645</QualifyingDistributions>
        <AdjQualifyingDistributions>227645</AdjQualifyingDistributions>
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        <ExcessDistriCarryoverYear5>375305</ExcessDistriCarryoverYear5>
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      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>AkinsPioneer Missions Center</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1050 Union University Drive</AddressLine1>
            <City>Jackson</City>
            <State>TN</State>
            <ZIPCode>38035</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Christian Outreach Ministries</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
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          <RecipientUSAddress>
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            <City>La Pine</City>
            <State>OR</State>
            <ZIPCode>97739</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Christian Ministry Programs to Reduce Juvenile Crime</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Samraksha Society</RecipientPersonName>
          <RecipientForeignAddress>
            <AddressLine1>D No 13-1-308 Hird Jr College Cps</AddressLine1>
            <City>Guntur</City>
            <ProvinceOrState>Andhra Pradesh</ProvinceOrState>
            <Country>IN</Country>
            <PostalCode>522 601</PostalCode>
          </RecipientForeignAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Foreign Charity</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Orphange Housing &amp; Education</PurposeOfGrantOrContribution>
          <Amount>212161</Amount>
        </GrantOrContriPaidDuringYear>
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          <ExclusionAmount>39</ExclusionAmount>
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        <SubtotalsPartXVIA>
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        </SubtotalsPartXVIA>
        <TotalPartXVIA>39</TotalPartXVIA>
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        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
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        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
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      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
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        <ContributorNameIndividual>Guy and Chris Wolcott</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1075 W Historic Columbia River Hwy</AddressLine1>
          <City>Troutdale</City>
          <State>OR</State>
          <ZIPCode>97060</ZIPCode>
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      <ContributorInfo>
        <ContributorNumber>2</ContributorNumber>
        <ContributorNameIndividual>Guy Wolcott II Wolcott Living Tr</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1075 W Historic Columbia River Hwy</AddressLine1>
          <City>Troutdale</City>
          <State>OR</State>
          <ZIPCode>97060</ZIPCode>
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        <PersonContributionType>X</PersonContributionType>
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      <ContributorInfo>
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        <ContributorNameIndividual>Noelle Wolcott</ContributorNameIndividual>
        <ContributorAddressUS>
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          <City>Troutdale</City>
          <State>OR</State>
          <ZIPCode>97060</ZIPCode>
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        <PersonContributionType>X</PersonContributionType>
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      <AllOthProgRltdInvestments>
        <Description>Not Applicable</Description>
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        <DisbursementsCharitablePrps>172</DisbursementsCharitablePrps>
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        <Description>Bank Fees</Description>
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      <Taxes>
        <Category>Section 4940 Taxes</Category>
        <Amount>2</Amount>
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