﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2011v1.3">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-11-08T15:11:05-06:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>GRANT THORNTON LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>2001 MARKET STREET SUITE 3100</AddressLine1>
        <City>PHILADELPHIA</City>
        <State>PA</State>
        <ZIPCode>19103</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>202086533</EIN>
      <Name>
        <BusinessNameLine1>The Moses Feldman Family Foundation</BusinessNameLine1>
      </Name>
      <InCareOfName>% MOSES FELDMAN</InCareOfName>
      <NameControl>MOSE</NameControl>
      <Phone>2158365105</Phone>
      <USAddress>
        <AddressLine1>Eight Tower Bridge</AddressLine1>
        <AddressLine2>161 Washington Street</AddressLine2>
        <City>Conshohocken</City>
        <State>PA</State>
        <ZIPCode>19428</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>MOSES FELDMAN</Name>
      <Title>TRUSTEE</Title>
      <Phone>2158365105</Phone>
      <DateSigned>2012-11-05</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Michael S Jackson</Name>
      <Phone>2155614200</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="8">
    <IRS990PF documentId="IRS990PF">
      <AddressChange>X</AddressChange>
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>21241635</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>0</ContriReceivedRevAndExpnss>
        <InterestOnSavingsRevAndExpnss>49197</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>48802</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>370111</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>370111</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>-61830</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>5892112</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>0</CapitalGainNetIncmNetInvstIncm>
        <OtherIncomeRevAndExpnss referenceDocumentId="OtherIncomeSch2">-30349</OtherIncomeRevAndExpnss>
        <OtherIncomeNetInvstIncm>-36602</OtherIncomeNetInvstIncm>
        <TotalRevenueAndExpenses>327129</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>382311</TotalNetInvestmentIncome>
        <LegalFeesRevAndExpnss>1000</LegalFeesRevAndExpnss>
        <LegalFeesNetInvstIncm>500</LegalFeesNetInvstIncm>
        <LegalFeesDsbrsChrtblPrps>500</LegalFeesDsbrsChrtblPrps>
        <AccountingFeesRevAndExpnss>8536</AccountingFeesRevAndExpnss>
        <AccountingFeesNetInvstIncm>2134</AccountingFeesNetInvstIncm>
        <AccountingFeesDsbrsChrtblPrps>6402</AccountingFeesDsbrsChrtblPrps>
        <OtherProfFeesRevAndExpnss>43579</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>218</OtherProfFeesNetInvstIncm>
        <OtherProfFeesDsbrsChrtblPrps>43361</OtherProfFeesDsbrsChrtblPrps>
        <InterestRevAndExpnss>298</InterestRevAndExpnss>
        <InterestNetInvstIncm>298</InterestNetInvstIncm>
        <TaxesRevAndExpnss referenceDocumentId="TaxesSchedule">9186</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>4686</TaxesNetInvstIncm>
        <DeprecAndDepletionRevAndExpnss referenceDocumentId="DepreciationSch">461</DeprecAndDepletionRevAndExpnss>
        <OccupancyRevAndExpnss>23476</OccupancyRevAndExpnss>
        <OccupancyNetInvstIncm>117</OccupancyNetInvstIncm>
        <OccupancyDsbrsChrtblPrps>23359</OccupancyDsbrsChrtblPrps>
        <TravConfMeetingRevAndExpnss>8658</TravConfMeetingRevAndExpnss>
        <TravConfMeetingNetInvstIncm>866</TravConfMeetingNetInvstIncm>
        <TravConfMeetingDsbrsChrtblPrps>7792</TravConfMeetingDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss referenceDocumentId="OtherExpensesSch">202995</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>166180</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>36815</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>298189</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>174999</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>118229</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>986250</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>986250</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>1284439</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>174999</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>1104479</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-957310</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>207312</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>789058</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>315999</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>315999</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>9521</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="InvestCorpStockSch">9521</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>2074500</InvestmentsCorpStockEOYFMV>
        <InvestmentsOtherBOY>16811488</InvestmentsOtherBOY>
        <InvestmentsOtherEOY referenceDocumentId="InvOtherSch2">16327132</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>18850226</InvestmentsOtherEOYFMV>
        <LandBuildingAndEquipmentBasis>4963</LandBuildingAndEquipmentBasis>
        <AccumDeprecLandBldgAndEquip>4053</AccumDeprecLandBldgAndEquip>
        <LandBuildingAndEquipmentBOY>1032</LandBuildingAndEquipmentBOY>
        <LandBuildingAndEquipmentEOY referenceDocumentId="LandEtcSch2">910</LandBuildingAndEquipmentEOY>
        <LandBuildingAndEquipmentEOYFMV>910</LandBuildingAndEquipmentEOYFMV>
        <TotalAssetsBOY>17611099</TotalAssetsBOY>
        <TotalAssetsEOY>16653562</TotalAssetsEOY>
        <TotalAssetsEOYFMV>21241635</TotalAssetsEOYFMV>
        <AccountsPayableBOY>267</AccountsPayableBOY>
        <TotalLiabilitiesBOY>267</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <RetainedEarningsBOY>17610872</RetainedEarningsBOY>
        <RetainedEarningsEOY>16653562</RetainedEarningsEOY>
        <TotalNetAssetsBOY>17610872</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>16653562</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>17611139</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>16653562</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>17610872</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-957310</ExcessOfRevenueOverExpenses>
        <Subtotal>16653562</Subtotal>
        <TotalNetAssetsFundBalancesEOY>16653562</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>DAVIDSON KEMPER INSTITUTIONAL PARTNERS</DescriptionOfAsset>
          <GrossSalesPrice>34014</GrossSalesPrice>
          <GainOrLoss>34014</GainOrLoss>
          <GainsMinusExcessOrLosses>34014</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>DAVIDSON KEMPNER INSTITUTIONAL PARTNERS</DescriptionOfAsset>
          <GrossSalesPrice>14936</GrossSalesPrice>
          <GainOrLoss>14936</GainOrLoss>
          <GainsMinusExcessOrLosses>14936</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>DAVIDSON KEMPNER INSTITUTIONAL PARTNERS</DescriptionOfAsset>
          <GrossSalesPrice>913</GrossSalesPrice>
          <GainOrLoss>913</GainOrLoss>
          <GainsMinusExcessOrLosses>913</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>SENTINEL CAPITAL PARTNERS III</DescriptionOfAsset>
          <GrossSalesPrice>38873</GrossSalesPrice>
          <GainOrLoss>38873</GainOrLoss>
          <GainsMinusExcessOrLosses>38873</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHARLES SCHWAB CAPITAL GAIN DISTRIBUTION</DescriptionOfAsset>
          <GrossSalesPrice>44082</GrossSalesPrice>
          <GainOrLoss>44082</GainOrLoss>
          <GainsMinusExcessOrLosses>44082</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHARLES SCHWAB</DescriptionOfAsset>
          <GrossSalesPrice>4807816</GrossSalesPrice>
          <CostOrOtherBasis>4810637</CostOrOtherBasis>
          <GainOrLoss>-2821</GainOrLoss>
          <GainsMinusExcessOrLosses>-2821</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CHARLES SCHWAB</DescriptionOfAsset>
          <GrossSalesPrice>407004</GrossSalesPrice>
          <CostOrOtherBasis>386909</CostOrOtherBasis>
          <GainOrLoss>20095</GainOrLoss>
          <GainsMinusExcessOrLosses>20095</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>HIGHBRIDGE CAPITAL CORP.</DescriptionOfAsset>
          <DateAcquired>2007-04-02</DateAcquired>
          <DateSold>2011-08-17</DateSold>
          <GrossSalesPrice>283675</GrossSalesPrice>
          <CostOrOtherBasis>378198</CostOrOtherBasis>
          <GainOrLoss>-94523</GainOrLoss>
          <GainsMinusExcessOrLosses>-94523</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>HIGHBRIDGE CAPITAL CORP.</DescriptionOfAsset>
          <DateAcquired>2007-04-02</DateAcquired>
          <DateSold>2011-11-10</DateSold>
          <GrossSalesPrice>260799</GrossSalesPrice>
          <CostOrOtherBasis>378198</CostOrOtherBasis>
          <GainOrLoss>-117399</GainOrLoss>
          <GainsMinusExcessOrLosses>-117399</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>-61830</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>1138063</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>21057458</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.054046</DistributionRatioYear1>
        <QualifyingDistributionsYear2>989751</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>19436861</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.050921</DistributionRatioYear2>
        <QualifyingDistributionsYear3>1163604</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>24412887</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.047664</DistributionRatioYear3>
        <QualifyingDistributionsYear4>850212</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>27317490</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.031123</DistributionRatioYear4>
        <QualifyingDistributionsYear5>604979</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>23733712</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.02549</DistributionRatioYear5>
        <TotalDistributionRatio>0.209244</TotalDistributionRatio>
        <AverageDistributionRatio>0.041849</AverageDistributionRatio>
        <NetNoncharitableAssets>21674738</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>907066</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>2073</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>909139</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>1104479</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>2073</InvestmentIncomeExciseTax>
        <Subtotal>2073</Subtotal>
        <TaxBasedOnInvestmentIncome>2073</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>9222</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>9222</TotalCreditsAndPayments>
        <Overpayment>7149</Overpayment>
        <AmountCreditedToNextYear>7149</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>PA</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>MOSES FELDMAN</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>2158365105</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>841 ANDORRA RD</AddressLine1>
          <City>LAFAYETTE HILL</City>
          <State>PA</State>
          <ZIPCode>19444</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>false</ProceedsOrNetIncome>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>MOSES FELDMAN</PersonName>
          <USAddress>
            <AddressLine1>841 Andorra Road</AddressLine1>
            <City>Lafayette Hill</City>
            <State>PA</State>
            <ZIPCode>19444</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>5.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>SUSAN FELDMAN</PersonName>
          <USAddress>
            <AddressLine1>841 Andorra Road</AddressLine1>
            <City>Lafayette Hill</City>
            <State>PA</State>
            <ZIPCode>19444</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>5.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>N/A</Description1>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments />
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>21496566</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>507273</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>971</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>22004810</TotalFMVOfUnusedAssets>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>22004810</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>330072</CashDeemedCharitable>
        <NetNoncharitableAssets>21674738</NetNoncharitableAssets>
        <MinimumInvestmentReturn>1083737</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>1083737</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>2073</TaxBasedOnInvestmentIncome>
        <TotalTax>2073</TotalTax>
        <DistributableAmountBeforeAdj>1081664</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>1081664</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>1081664</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>1104479</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <AmountsPaidAcqCharitableAssets>0</AmountsPaidAcqCharitableAssets>
        <AmountsSetAsideSuitabilityTest>0</AmountsSetAsideSuitabilityTest>
        <AmountsSetAsideCashDistriTest>0</AmountsSetAsideCashDistriTest>
        <QualifyingDistributions>1104479</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>2073</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>1102406</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>1081664</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>0</UndistributedIncomePriorYear>
        <PriorYear1>2009</PriorYear1>
        <PriorYear2>2008</PriorYear2>
        <PriorYear3>2007</PriorYear3>
        <ExcessDistriCarryoverYear2>17180</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>90746</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>107926</TotalExcessDistriCarryover>
        <QualifyingDistributions>1104479</QualifyingDistributions>
        <AppliedToYear1>0</AppliedToYear1>
        <AppliedToCurrentYear>1081664</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>22815</RemainingDistriFromCorpus>
        <TotalCorpus>130741</TotalCorpus>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>130741</ExcessDistriCyovToNextYear>
        <ExcessFromYear2>17180</ExcessFromYear2>
        <ExcessFromYear1>90746</ExcessFromYear1>
        <ExcessFromCurrentYear>22815</ExcessFromCurrentYear>
      </UndistributedIncome>
      <PrivateOperatingFoundations />
      <SupplementaryInformation>
        <ContributingManager>NONE</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>JEWISH FEDERATION OF NORTH AMERICA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>Wall Street Station PO Box 157</AddressLine1>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10268</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>55000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LEAGUE OF CONSERVATION VOTERS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1920 L Street NW SUITE 800</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MORRIS ARBORETUM</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>100 E NORTHWESTERN AVE</AddressLine1>
            <City>PHILADELPHIA</City>
            <State>PA</State>
            <ZIPCode>19118</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>110000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NATIONAL AUDUBON SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>225 VARICK STREET 7TH VL</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10014</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NATURAL LANDS TRUST</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1031 PALMERS MILL ROAD</AddressLine1>
            <City>MEDIA</City>
            <State>PA</State>
            <ZIPCode>19063</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PCI- MEDIA CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>777 UNITED NATIONS PLAZA 5TH FLOOR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10017</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>7800</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PHILADELPHIA MUSEUM OF ART</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>26TH STREET THE BENJAMIN FRANKLIN</AddressLine1>
            <City>PHILADELPHIA</City>
            <State>PA</State>
            <ZIPCode>19130</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PHILADELPHIA ORCHESTRA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>260 BROAD STREET SUITE 1600</AddressLine1>
            <City>PHILADELPHIA</City>
            <State>PA</State>
            <ZIPCode>19102</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PLANNED PARENTHOOD ASSOCIATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>610 LOUIS DRIVE</AddressLine1>
            <City>WARMINSTER</City>
            <State>PA</State>
            <ZIPCode>18974</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>POPULATION CONNECTION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2120 L ST NW SUITE 500</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20037</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>POPULATION MEDIA CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 546</AddressLine1>
            <City>SHELBURNE</City>
            <State>VT</State>
            <ZIPCode>05482</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>7500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ROCKY MOUNTAIN INSTITUTE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2317 SNOWMASS CREEK ROAD</AddressLine1>
            <City>SNOWMASS</City>
            <State>CO</State>
            <ZIPCode>81654</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SAVE OUR SPRINGS ALLIANCE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>221 E 9TH STREET SUITE 300</AddressLine1>
            <City>AUSTIN</City>
            <State>TX</State>
            <ZIPCode>78701</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>12650</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SEEDS OF PEACE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>370 LEXINGTON AVENUE SUITE 401</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10017</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10300</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SOUTHERN POVERTY LAW CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>400 WASHINGTON AVENUE</AddressLine1>
            <City>MONTGOMERY</City>
            <State>AL</State>
            <ZIPCode>36104</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE ISRAEL PROJECT</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2020 K STREET NW</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20006</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE NEW ISRAEL FUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1101 14TH STREET 6TH FLOOR</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20005</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE WASHINGTON INSTITUTE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1828 L STREET NW SUITE 1050</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>60000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TIBET POVERTY ALLEVIATION FUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>663 GREEN STREET</AddressLine1>
            <City>CAMBRIDGE</City>
            <State>MA</State>
            <ZIPCode>02139</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNION OF CONCERNED SCIENTISTS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2 BRATTLE SQUARE</AddressLine1>
            <City>CAMBRIDGE</City>
            <State>MA</State>
            <ZIPCode>02138</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNITED WAY OF SOUTHEASTERN PA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>7 BENJAMIN FRANKLIN PARKWAY</AddressLine1>
            <City>PHILADELPHIA</City>
            <State>PA</State>
            <ZIPCode>19103</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WHYY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>150 N 6TH STREET</AddressLine1>
            <City>PHILADELPHIA</City>
            <State>PA</State>
            <ZIPCode>19106</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WORLD LAND TRUSTS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 381</AddressLine1>
            <City>DEERFIELD</City>
            <State>NH</State>
            <ZIPCode>03037</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>YALE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>149 ELM STREET</AddressLine1>
            <City>NEW HAVEN</City>
            <State>CT</State>
            <ZIPCode>06511</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>13000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN ASSOCIATES BEN GURION UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1430 BROADWAY 8TH FLOOR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10018</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN BIRD CONSERVATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1731 CONNECTICUT AVENUE NW</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20009</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN JEWISH COMMITTEE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 705</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10150</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>55000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN JEWISH WORLD SERVICES</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>45 WEST 36TH STREET</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10018</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>40000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ANTI-DEFAMATION LEAGUE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1617 JFK BLVD ONE PENN CENTER SUI</AddressLine1>
            <City>PHILADELPHIA</City>
            <State>PA</State>
            <ZIPCode>19103</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>APPALACHIAN MOUNTAIN CLUB</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5 JOY STREET</AddressLine1>
            <City>BOSTON</City>
            <State>MA</State>
            <ZIPCode>02108</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>107500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AVODAH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>45 WEST 36TH STREET 8TH FLOOR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10018</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BATES COLLEGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2 ANDREWS ROAD</AddressLine1>
            <City>LEWISTON</City>
            <State>MA</State>
            <ZIPCode>04240</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BRANDEIS UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>415 SOUTH STREET</AddressLine1>
            <City>WALTHAM</City>
            <State>MA</State>
            <ZIPCode>02454</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>35000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DELAWARE RIVERKEEPER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>30 POND STREET 2ND FLOOR</AddressLine1>
            <City>BRISTOL</City>
            <State>PA</State>
            <ZIPCode>19007</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>7500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>EARTH JUSTICE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>426 17TH STREET</AddressLine1>
            <City>OAKLAND</City>
            <State>CA</State>
            <ZIPCode>94612</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>40000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HILLEL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>800 EIGHTH STREET NW</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20001</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>JEWISH FEDERATION OF GREATER PHILADELPHIA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2100 ARCH STREET</AddressLine1>
            <City>PHILADELPHIA</City>
            <State>PA</State>
            <ZIPCode>19103</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LASALLE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1900 WEST OLNEY AVENUE</AddressLine1>
            <City>PHILADELPHIA</City>
            <State>PA</State>
            <ZIPCode>19141</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PENNSYLVANIA BALLET</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1819 JFK BLVD</AddressLine1>
            <AddressLine2>SUITE 210</AddressLine2>
            <City>PHILADELPHIA</City>
            <State>PA</State>
            <ZIPCode>19103</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>The Sustainability Laboratory</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>229 East 85th Street</AddressLine1>
            <AddressLine2>PO Box 1571</AddressLine2>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10028</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>986250</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>49197</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>370111</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>-61830</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <OtherRevenueDescribed>
          <Description>PARTNERSHIP AND OTHER INCOME</Description>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>-30349</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>327129</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>327129</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>
    <DepreciationSchedule documentId="DepreciationSch">
      <Depreciation>
        <DescriptionOfProperty>OFFICE FURNITURE</DescriptionOfProperty>
        <DateAcquired>2006-05-19</DateAcquired>
        <CostOrOtherBasis>3473</CostOrOtherBasis>
        <PriorYearsDepreciation>2698</PriorYearsDepreciation>
        <ComputationMethod>M7</ComputationMethod>
        <CurrentYearExpense>310</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>OFFICE FURNITURE</DescriptionOfProperty>
        <DateAcquired>2006-06-29</DateAcquired>
        <CostOrOtherBasis>1151</CostOrOtherBasis>
        <PriorYearsDepreciation>894</PriorYearsDepreciation>
        <ComputationMethod>M7</ComputationMethod>
        <CurrentYearExpense>103</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>FILE CABINET</DescriptionOfProperty>
        <DateAcquired>2011-05-31</DateAcquired>
        <CostOrOtherBasis>339</CostOrOtherBasis>
        <ComputationMethod>M7</ComputationMethod>
        <CurrentYearExpense>48</CurrentYearExpense>
      </Depreciation>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorpStock>
        <NameOfStock>COMMERCIAL METALS CO</NameOfStock>
        <EOYBookValue>9521</EOYBookValue>
        <EOYFMV>2074500</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOther>
        <CategoryOrItem>STATE OF ISRAEL BONDS</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>250000</BookValue>
        <EOYFMV>250000</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>AMERICAN ISRAEL PAPER MILLS, L</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>25223</BookValue>
        <EOYFMV>2365</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>DAVIDSON KEMPNER INSTITUTIONAL</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>1322799</BookValue>
        <EOYFMV>1482832</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>ELLIOTT INTERNATIONAL PARTNERS</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>1930000</BookValue>
        <EOYFMV>3698230</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>SENTINEL CAPITAL INVESTORS III</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>144264</BookValue>
        <EOYFMV>183731</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>PALOMA INTERNATIONAL LIMITED</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>434905</BookValue>
        <EOYFMV>845483</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>SENECA INTERNATIONAL</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>750000</BookValue>
        <EOYFMV>817189</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>HIGHBRIDGE CAPITAL CORP</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>786992</BookValue>
        <EOYFMV>554700</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>TRIDENT IV, LP</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>647727</BookValue>
        <EOYFMV>980023</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>SENTINEL CAPITAL INVESTORS IV</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>323475</BookValue>
        <EOYFMV>426899</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>REGIS - CHARLES SCHWAB</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>9711747</BookValue>
        <EOYFMV>9608774</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>OFFICE SUPPORT</Description>
        <RevenueAndExpensesPerBooks>35384</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>3538</NetInvestmentIncome>
        <DisbursementsCharitablePrps>31846</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>ASSET MANAGEMENT FEES</Description>
        <RevenueAndExpensesPerBooks>162331</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>162331</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OFFICE EXPENSES</Description>
        <RevenueAndExpensesPerBooks>1435</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>431</NetInvestmentIncome>
        <DisbursementsCharitablePrps>1004</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INSURANCE</Description>
        <RevenueAndExpensesPerBooks>1770</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>1770</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PAYROLL SERVICE FEES</Description>
        <RevenueAndExpensesPerBooks>4</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1</NetInvestmentIncome>
        <DisbursementsCharitablePrps>3</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>UTILITIES &amp; TELEPHONE</Description>
        <RevenueAndExpensesPerBooks>2386</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>12</NetInvestmentIncome>
        <DisbursementsCharitablePrps>2374</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <RevenueAndExpensesPerBooks>128</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>128</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>U.S. TREASURY PAYROLL REFUND</Description>
        <RevenueAndExpensesPerBooks>-102</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-31</NetInvestmentIncome>
        <DisbursementsCharitablePrps>-71</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>WORKERS COMPENSATION REFUND</Description>
        <RevenueAndExpensesPerBooks>-341</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-102</NetInvestmentIncome>
        <DisbursementsCharitablePrps>-239</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncome>
        <Description>DAVIDSON KEMPNER INSTITUTIONAL PARTNERS</Description>
        <RevenueAndExpensesPerBooks>-18580</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-18580</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>SENTINEL CAPITAL PARTNERS III, LP</Description>
        <RevenueAndExpensesPerBooks>-137</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-137</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>SENTINEL CAPITAL PARTNERS IV-A, LP</Description>
        <RevenueAndExpensesPerBooks>-8349</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-8349</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>TRIDENT IV, LP</Description>
        <RevenueAndExpensesPerBooks>-9536</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-9536</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>U.S. TREASURY REFUNDS</Description>
        <RevenueAndExpensesPerBooks>6253</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>FEDERAL TAX PAYMENTS</Category>
        <Amount>4500</Amount>
      </Taxes>
      <Taxes>
        <Category>FOREIGN TAXES</Category>
        <Amount>4686</Amount>
        <NetInvestmentIncome>4686</NetInvestmentIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>