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    <Timestamp>2012-05-14T14:29:19-05:00</Timestamp>
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        <BusinessNameLine1>JEROME N EPPING &amp;ASSOCIATESCPASPA</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>PO BOX 410106</AddressLine1>
        <City>CHARLOTTE</City>
        <State>NC</State>
        <ZIPCode>282410106</ZIPCode>
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    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>581484629</EIN>
      <Name>
        <BusinessNameLine1>THE MARY DBT SEMANS FOUNDATION</BusinessNameLine1>
      </Name>
      <InCareOfName>% FOUNDATION</InCareOfName>
      <NameControl>MARY</NameControl>
      <Phone>9194935591</Phone>
      <USAddress>
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        <City>DURHAM</City>
        <State>NC</State>
        <ZIPCode>27707</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>DOUGLAS ZINN</Name>
      <Title>EXECUTIVE DIRECTOR</Title>
      <DateSigned>2012-05-15</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Phone>8038316838</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>0</ContriReceivedRevAndExpnss>
        <DividendsRevAndExpnss>12076</DividendsRevAndExpnss>
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        <DividendsAdjNetIncm>12076</DividendsAdjNetIncm>
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        <CashBOY>275</CashBOY>
        <CashEOY>805</CashEOY>
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        <TotalLiabilitiesNetAssetsEOY>291955</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>306353</TotalNetAssetsFundBalancesBOY>
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        <TotalNetAssetsFundBalancesEOY>291955</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>25.8950 SHS PIMCO EMERGING MARKETS CURRENCY CL D</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
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          <GrossSalesPrice>258</GrossSalesPrice>
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        <CapitalGainsAndLossesInfo>
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        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1031.4990 LAZARD EMERGING MARKETS PORTFOLIO</DescriptionOfAsset>
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        <CapitalGainsAndLossesInfo>
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          <GrossSalesPrice>10956</GrossSalesPrice>
          <CostOrOtherBasis>10715</CostOrOtherBasis>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1733.0290 SHS PIMCO EMERGING MARKETS CURRENCY CL D</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateSold>2011-09-22</DateSold>
          <GrossSalesPrice>17244</GrossSalesPrice>
          <CostOrOtherBasis>17724</CostOrOtherBasis>
          <GainOrLoss>-480</GainOrLoss>
          <GainsMinusExcessOrLosses>-480</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
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      </CapitalGainsAndLosses>
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        <LiableFor4942Tax>false</LiableFor4942Tax>
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      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
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        <Subtotal>38</Subtotal>
        <TaxBasedOnInvestmentIncome>38</TaxBasedOnInvestmentIncome>
        <TotalCreditsAndPayments>0</TotalCreditsAndPayments>
        <TaxDue>38</TaxDue>
      </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>
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        <StatesFiledWith>NC</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>FOUNDATION</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>9194935591</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>1044 WEST FOREST HILLS BLVD</AddressLine1>
          <City>DURHAM</City>
          <State>NC</State>
          <ZIPCode>27707</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>true</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <ActsFailToQualifyAsExceptions>false</ActsFailToQualifyAsExceptions>
        <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>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>DOUGLAS C ZINN</PersonName>
          <USAddress>
            <AddressLine1>1044 WEST FOREST HILLS BLVD</AddressLine1>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27707</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
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          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>MELVIN THRASH</PersonName>
          <USAddress>
            <AddressLine1>2023 FAIRMONT DRIVE</AddressLine1>
            <City>SAN MATEO</City>
            <State>CA</State>
            <ZIPCode>94402</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JAMES D SEMANS</PersonName>
          <USAddress>
            <AddressLine1>602 EAST ROSEMARY ST</AddressLine1>
            <City>CHAPEL HILL</City>
            <State>NC</State>
            <ZIPCode>27514</ZIPCode>
          </USAddress>
          <Title>SECRETARY</Title>
          <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JENNY SEMANS KOORTBOJIAN</PersonName>
          <USAddress>
            <AddressLine1>114 HILTON AVE</AddressLine1>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27707</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>THOMAS S KENAN III</PersonName>
          <USAddress>
            <AddressLine1>P O BOX 4150</AddressLine1>
            <City>CHAPEL HILL</City>
            <State>NC</State>
            <ZIPCode>27515</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>BETH S HUBBARD</PersonName>
          <USAddress>
            <AddressLine1>3212 NICHOLS CANYON ROAD</AddressLine1>
            <City>LOS ANGELES</City>
            <State>CA</State>
            <ZIPCode>90046</ZIPCode>
          </USAddress>
          <Title>PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
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      <SummaryOfDirectCharitableActy>
        <Description1>N/A</Description1>
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      <SumOfProgramRelatedInvestments>
        <Description1>NOT APPLICABLE</Description1>
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        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
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        <TaxBasedOnInvestmentIncome>38</TaxBasedOnInvestmentIncome>
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        <DistributableAmountBeforeDed>16157</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>16157</DistributableAmountAsAdjusted>
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        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <AmountsPaidAcqCharitableAssets>0</AmountsPaidAcqCharitableAssets>
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        <UndistributedIncomePriorYear>0</UndistributedIncomePriorYear>
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        <PriorYear2>2008</PriorYear2>
        <PriorYear3>2007</PriorYear3>
        <TotalForPriorYears>0</TotalForPriorYears>
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        <ExcessDistriCarryoverYear4>5957</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>4132</ExcessDistriCarryoverYear3>
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        <AppliedToYear1>0</AppliedToYear1>
        <AppliedToCurrentYear>16157</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>2052</RemainingDistriFromCorpus>
        <TotalCorpus>23111</TotalCorpus>
        <PriorYearUndistributedIncome>0</PriorYearUndistributedIncome>
        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovFromYear5>1461</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>21650</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>5957</ExcessFromYear4>
        <ExcessFromYear3>4132</ExcessFromYear3>
        <ExcessFromYear1>9509</ExcessFromYear1>
        <ExcessFromCurrentYear>2052</ExcessFromCurrentYear>
      </UndistributedIncome>
      <PrivateOperatingFoundations />
      <SupplementaryInformation>
        <ContributingManager>NONE</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <AppicationSubmissionInfo>
          <RecipientName>THE MARY DBT SEMANS FOUNDATION</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>1044 WEST FOREST HILLS BLVD</AddressLine1>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27707</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>9194935591</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>NO SPECIFIC FORM IS REQUIRED. ALL APPLICATIONS SHOULD BE IN WRITING, IDENTIFYING THE REQUESTING ORGANIZATION AND THE PURPOSE FOR THE GRANT.</FormAndInfoAndMaterials>
          <SubmissionDeadlines>APPLICATIONS ARE ACCEPTED YEAR ROUND</SubmissionDeadlines>
          <RestrictionsOnAwards>GRANTEE ORGANIZATIONS MUST BE RECOGNIZED BY THE IRS AS CHARITABLE A COPY OF THE ORGANIZATIONS EXEMPTION LETTER SHOULD BE SUBMITTED ALONG WITH THE GRANT REQUEST.</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CARING HOUSE INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2625 PICKETT ROAD</AddressLine1>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27705</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF "CARING THROUGH THE ARTS" PROGRAM</PurposeOfGrantOrContribution>
          <Amount>1200</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>EL FUTURO INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>136 E CHAPEL HILL ST</AddressLine1>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27701</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF THE CHILD AND FAMILY TRAUMA TREATMENT PROGRAM</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HOUSE OF MERCY INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>701 MERCY DRIVE</AddressLine1>
            <City>BELMONT</City>
            <State>NC</State>
            <ZIPCode>28012</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF THE DIRECTOR OF NURSING AND CASE MANAGEMENT</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SOUTHWEST VIRGINIA COMMUNITY COLLGE EDUCATIONAL FO</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>KING COMMUNITY CENTER</AddressLine1>
            <AddressLine2>786 COMMUNITY COLLEGE ROAD</AddressLine2>
            <City>CEDAR BLUFF</City>
            <State>VA</State>
            <ZIPCode>24609</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF THE 2012 FESTIVAL OF THE ARTS-VIVA ITALIA!</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN LIVESTOCK BREEDS CONSERVANCY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 477</AddressLine1>
            <City>PITTSBORO</City>
            <State>NC</State>
            <ZIPCode>27312</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF THE NORTH CAROLINA HERITAGE BREED INITIATIVE</PurposeOfGrantOrContribution>
          <Amount>1300</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ARTSPACE INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>201 E DAVIE STREET</AddressLine1>
            <City>RALEIGH</City>
            <State>NC</State>
            <ZIPCode>27601</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF THE ARTSPACE OUTREACH PROGRAM TO BRING VISUAL ART EDUCATION TO AT-RISK AND UNDER-SERVED CHILDREN WHERE THEY LIVE AND PLAY</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DURHAM ART GUILD INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>120 MORRIS STREET</AddressLine1>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27701</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF THE 57TH ANNUAL JURIED ART SHOW</PurposeOfGrantOrContribution>
          <Amount>1500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DUKE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>DEPARTMENT OF BIOLOGY</AddressLine1>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27708</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF TRAVEL EXPENSES AND LASER MAINTENANCE COSTS FOR THE USE OF LASERS IN FINE ARTS CONSERVATION</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>EL CENTRO HISPANO INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>201 WEST MAIN STREET</AddressLine1>
            <AddressLine2>SUITE 100</AddressLine2>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27701</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT OF PLAZA COMUNITARIA, AN ADULT SPANISH LANGUAGE LITERACY AND BASIC EDUCATION PROGRAM FOR LATINO ADULTS</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>17000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst />
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>12076</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>5166</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <SubtotalsPartXVIA>
          <ExclusionAmount>17242</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>17242</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>TAX FEES</Category>
        <Amount>2200</Amount>
        <NetInvestmentIncome>1100</NetInvestmentIncome>
        <AdjustedNetIncome>1100</AdjustedNetIncome>
        <DisbursementsCharitablePrps>1100</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <AllOthProgRltdInvestmentsSch documentId="AllOthProgInvSch">
      <AllOthProgRltdInvestments>
        <Description>NOT APPLICABLE</Description>
      </AllOthProgRltdInvestments>
    </AllOthProgRltdInvestmentsSch>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorpBonds>
        <NameOfBond>TROWE PRICE SHORT TERM BOND FD</NameOfBond>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>ISHARES BARCLAYS TIPS BOND</NameOfBond>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>ISHARES BARCLAYS MBS FIXED RAT</NameOfBond>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>T ROWE PRICE INTL BOND FUND</NameOfBond>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>PIMCO DEVELOPING LOCAL MKTS FD</NameOfBond>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorpStock>
        <NameOfStock>BRIDGEWAY BLUE CHIP 35 INDEX F</NameOfStock>
        <EOYBookValue>38864</EOYBookValue>
        <EOYFMV>36642</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>PIMCO ALL ASSET ALL AUTH FD</NameOfStock>
        <EOYBookValue>45635</EOYBookValue>
        <EOYFMV>42112</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>RYDEX ETF RUSSELL TOP 50</NameOfStock>
        <EOYBookValue>25383</EOYBookValue>
        <EOYFMV>37072</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>SPDR TRUST UNIT SR 1 EXP 2118</NameOfStock>
        <EOYBookValue>65441</EOYBookValue>
        <EOYFMV>73041</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>LAZARD EMERGING MKTS PORTFOLIO</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>ANNALY CAPITAL MANAGEMENT REIT</NameOfStock>
        <EOYBookValue>28516</EOYBookValue>
        <EOYFMV>25472</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>BARCLAYS GEMS ASIA 8 ETNF</NameOfStock>
        <EOYBookValue>10725</EOYBookValue>
        <EOYFMV>10389</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>ISHARES TR MSCI EAFE FD</NameOfStock>
        <EOYBookValue>19119</EOYBookValue>
        <EOYFMV>16989</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>ISHARES TR RUSSELL 1000</NameOfStock>
        <EOYBookValue>40568</EOYBookValue>
        <EOYFMV>38488</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>BANK FEES</Description>
        <RevenueAndExpensesPerBooks>219</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>110</NetInvestmentIncome>
        <AdjustedNetIncome>110</AdjustedNetIncome>
        <DisbursementsCharitablePrps>109</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabSch">
      <OtherLiabilities>
        <Description>CHARITABLE GIFT ANNUITY PAYABL</Description>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFees>
        <Category>INVESTMENT ADVISORY FEES</Category>
        <Amount>2921</Amount>
        <NetInvestmentIncome>2921</NetInvestmentIncome>
        <AdjustedNetIncome>2921</AdjustedNetIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>FEDERAL EXCISE TAX</Category>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>