﻿<?xml version="1.0" encoding="utf-8"?>
<Return returnVersion="2010v3.2" xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-05-19T09:46:58-04:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>DAVID L ORENSTEIN CPA</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>75 NORTH STREET</AddressLine1>
        <City>PITTSFIELD</City>
        <State>MA</State>
        <ZIPCode>01201</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>133321706</EIN>
      <Name>
        <BusinessNameLine1>THE VELMANS FOUNDATION INC</BusinessNameLine1>
      </Name>
      <NameControl>VELM</NameControl>
      <Phone>4132292709</Phone>
      <USAddress>
        <AddressLine1>PO BOX 178</AddressLine1>
        <City>SHEFFIELD</City>
        <State>MA</State>
        <ZIPCode>01257</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>LOET VELMANS</Name>
      <Title>TRUSTEE</Title>
      <Phone>4132292709</Phone>
      <DateSigned>2011-05-14</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>DAVID L ORENSTEIN</Name>
      <Phone>4134471900</Phone>
      <DatePrepared>2011-05-19</DatePrepared>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="8">
    <IRS990PF documentId="9">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>395988</FMVAssetsEOY>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>150</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>150</InterestOnSavingsNetInvstIncm>
        <InterestOnSavingsAdjNetIncm>150</InterestOnSavingsAdjNetIncm>
        <DividendsRevAndExpnss>15015</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>15015</DividendsNetInvstIncm>
        <DividendsAdjNetIncm>15015</DividendsAdjNetIncm>
        <NetGainSaleAssetsRevAndExpnss>-425</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>15096</GrossSalesPrice>
        <TotalRevenueAndExpenses>14740</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>15165</TotalNetInvestmentIncome>
        <TotalAdjustedNetIncome>15165</TotalAdjustedNetIncome>
        <AccountingFeesRevAndExpnss>2892</AccountingFeesRevAndExpnss>
        <AccountingFeesNetInvstIncm>1446</AccountingFeesNetInvstIncm>
        <AccountingFeesDsbrsChrtblPrps>1446</AccountingFeesDsbrsChrtblPrps>
        <OtherProfFeesRevAndExpnss>3446</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>3446</OtherProfFeesNetInvstIncm>
        <TaxesRevAndExpnss>217</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>117</TaxesNetInvstIncm>
        <TaxesDsbrsChrtblPrps>100</TaxesDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss>202</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>202</OtherExpensesNetInvstIncm>
        <TotOprExpensesRevAndExpnss>6757</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>5211</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>1546</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>54000</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>54000</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>60757</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>5211</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>55546</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-46017</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>9954</NetInvestmentIncome>
        <AdjustedNetIncome>15165</AdjustedNetIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>91</CashBOY>
        <CashEOY>1177</CashEOY>
        <CashEOYFMV>1177</CashEOYFMV>
        <SavingsAndTempCashInvstBOY>92403</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>54478</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>54478</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsGovtObligBOY>153000</InvestmentsGovtObligBOY>
        <InvestmentsGovtObligEOY>134892</InvestmentsGovtObligEOY>
        <InvestmentsGovtObligEOYFMV>139297</InvestmentsGovtObligEOYFMV>
        <InvestmentsCorpStockBOY>60182</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY>84543</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>89094</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>124358</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY>108927</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>111942</InvestmentsCorpBondsEOYFMV>
        <TotalAssetsBOY>430034</TotalAssetsBOY>
        <TotalAssetsEOY>384017</TotalAssetsEOY>
        <TotalAssetsEOYFMV>395988</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <RetainedEarningsBOY>430034</RetainedEarningsBOY>
        <RetainedEarningsEOY>384017</RetainedEarningsEOY>
        <TotalNetAssetsBOY>430034</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>384017</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>430034</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>384017</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>430034</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-46017</ExcessOfRevenueOverExpenses>
        <Subtotal>384017</Subtotal>
        <TotalNetAssetsFundBalancesEOY>384017</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>12.002 shs FRONTIER COMMUNICATIONS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-02-25</DateAcquired>
          <DateSold>2010-09-28</DateSold>
          <GrossSalesPrice>96</GrossSalesPrice>
          <CostOrOtherBasis>91</CostOrOtherBasis>
          <GainOrLoss>5</GainOrLoss>
          <GainsMinusExcessOrLosses>5</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>15M HSBC FINANCIAL CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-09-02</DateAcquired>
          <DateSold>2010-09-15</DateSold>
          <GrossSalesPrice>15000</GrossSalesPrice>
          <CostOrOtherBasis>15430</CostOrOtherBasis>
          <GainOrLoss>-430</GainOrLoss>
          <GainsMinusExcessOrLosses>-430</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>-425</CapitalGainNetIncome>
        <NetShortTermCapitalGainOrLoss>5</NetShortTermCapitalGainOrLoss>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>26459</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>396283</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.066768</DistributionRatioYear1>
        <QualifyingDistributionsYear2>26162</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>426238</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.061379</DistributionRatioYear2>
        <QualifyingDistributionsYear3>30457</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>509802</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.059743</DistributionRatioYear3>
        <QualifyingDistributionsYear4>26585</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>495251</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.053680</DistributionRatioYear4>
        <QualifyingDistributionsYear5>27807</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>481821</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.057712</DistributionRatioYear5>
        <TotalDistributionRatio>0.299282</TotalDistributionRatio>
        <AverageDistributionRatio>0.059856</AverageDistributionRatio>
        <NetNoncharitableAssets>402889</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>24115</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>100</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>24215</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>55546</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>100</InvestmentIncomeExciseTax>
        <Subtotal>100</Subtotal>
        <TaxBasedOnInvestmentIncome>100</TaxBasedOnInvestmentIncome>
        <TaxDue>100</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <Form990TFiled>false</Form990TFiled>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>false</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>NY</StatesFiledWith>
        <Form990PFFiledWithAG>false</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>false</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>NONE</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>DAVID LORENSTEIN CPA</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>4134471900</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>75 NORTH STREET</AddressLine1>
          <City>Pittsfield</City>
          <State>MA</State>
          <ZIPCode>01201</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>
        <ActsFailToQualifyAsExceptions>false</ActsFailToQualifyAsExceptions>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <TrFailToQualifyAsExceptions>false</TrFailToQualifyAsExceptions>
        <MaintExpendResponsibility>false</MaintExpendResponsibility>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>LOET VELMANS</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 178</AddressLine1>
            <City>Sheffield</City>
            <State>MA</State>
            <ZIPCode>01257</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <TotNumberOfOthEmplPaidOver50k>1</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>349360</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>59664</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>409024</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>409024</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>6135</CashDeemedCharitable>
        <NetNoncharitableAssets>402889</NetNoncharitableAssets>
        <MinimumInvestmentReturn>20144</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>20144</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>100</TaxBasedOnInvestmentIncome>
        <TotalTax>100</TotalTax>
        <DistributableAmountBeforeAdj>20044</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>20044</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>20044</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>55546</ExpensesAndContributions>
        <QualifyingDistributions>55546</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>100</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>55446</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>20044</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear5>3601</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear4>2213</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>5247</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>4377</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>7810</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>23248</TotalExcessDistriCarryover>
        <QualifyingDistributions>55546</QualifyingDistributions>
        <AppliedToCurrentYear>20044</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>35502</RemainingDistriFromCorpus>
        <TotalCorpus>58750</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovFromYear5>3610</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>55140</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>2213</ExcessFromYear4>
        <ExcessFromYear3>5247</ExcessFromYear3>
        <ExcessFromYear2>4377</ExcessFromYear2>
        <ExcessFromYear1>7810</ExcessFromYear1>
        <ExcessFromCurrentYear>35493</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>LINCOLN CENTER INSTITUTE FOR ARTS</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>70 LINCOLN CENTER PLAZA</AddressLine1>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10023</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>to support young artists and musicians</RecipientRelationship>
          <PurposeOfGrantOrContribution>to support young artists and musicians</PurposeOfGrantOrContribution>
          <Amount>30000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>BOSTON SYMPHONY ORCHESTRATANGLEWOO</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>301 MASSACHUSETTS AVENUE</AddressLine1>
            <City>Boston</City>
            <State>MA</State>
            <ZIPCode>02115</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>to support young musicians</RecipientRelationship>
          <PurposeOfGrantOrContribution>to support young musicians</PurposeOfGrantOrContribution>
          <Amount>7500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>JACOBS PILLOW</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>358 GEORGE CARTER ROAD</AddressLine1>
            <City>Becket</City>
            <State>MA</State>
            <ZIPCode>01223</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>to support dance programs</RecipientRelationship>
          <PurposeOfGrantOrContribution>to support dance programs</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>CONSTRUCT INC</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>41 MAHAIWE STREET</AddressLine1>
            <City>Great Barrington</City>
            <State>MA</State>
            <ZIPCode>01230</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>to support low income housing for needy persons</RecipientRelationship>
          <PurposeOfGrantOrContribution>to support low income housing for needy persons</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>BERKSHIRE SOUTH COMMUNITY CENTER</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>CRISSEY ROAD</AddressLine1>
            <City>Great Barrington</City>
            <State>MA</State>
            <ZIPCode>01230</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>to support community access to physical education</RecipientRelationship>
          <PurposeOfGrantOrContribution>to support community access to physical education</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>DOCTORS WITHOUT BORDERS</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 5022</AddressLine1>
            <City>Hagerstown</City>
            <State>MD</State>
            <ZIPCode>21741</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>to provide funds for medical care in Haiti after earthquake</RecipientRelationship>
          <PurposeOfGrantOrContribution>to provide funds for medical care in Haiti after earthquake</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>54000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>150</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>15015</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>25</ExclusionCode>
          <ExclusionAmount>-425</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>14740</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>14740</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="1">
      <AccountingFees>
        <Category>RETURN PREPARATION</Category>
        <Amount>2892</Amount>
        <NetInvestmentIncome>1446</NetInvestmentIncome>
        <DisbursementsCharitablePrps>1446</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="7">
      <InvestmentsCorpBonds>
        <NameOfBond>25M GE 2/1/13 5%</NameOfBond>
        <EOYBookValue>25543</EOYBookValue>
        <EOYFMV>26724</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>25M SBC COMMUNICATIONS 9/15/14 5.1%</NameOfBond>
        <EOYBookValue>26519</EOYBookValue>
        <EOYFMV>27353</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>25M VERIZON NJ 1/17/12 5.875</NameOfBond>
        <EOYBookValue>26209</EOYBookValue>
        <EOYFMV>26179</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>30M WELLS FARGO 9/1/12 5.125%</NameOfBond>
        <EOYBookValue>30656</EOYBookValue>
        <EOYFMV>31686</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="6">
      <InvestmentsCorpStock>
        <NameOfStock>100 NEWS CORP</NameOfStock>
        <EOYBookValue>1464</EOYBookValue>
        <EOYFMV>1456</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3O TARGET</NameOfStock>
        <EOYBookValue>1623</EOYBookValue>
        <EOYFMV>1804</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>40 WALGREEN</NameOfStock>
        <EOYBookValue>1491</EOYBookValue>
        <EOYFMV>1558</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>319 PROCTER &amp; GAMBLE</NameOfStock>
        <EOYBookValue>20014</EOYBookValue>
        <EOYFMV>20521</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>60 BRISTOL MEYERS SQUIBB</NameOfStock>
        <EOYBookValue>1465</EOYBookValue>
        <EOYFMV>1589</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>40 MERCK &amp; CO</NameOfStock>
        <EOYBookValue>1491</EOYBookValue>
        <EOYFMV>1442</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>285 EXXON MOBIL</NameOfStock>
        <EOYBookValue>20033</EOYBookValue>
        <EOYFMV>20839</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>35 INTEGRYS ENERGY</NameOfStock>
        <EOYBookValue>1566</EOYBookValue>
        <EOYFMV>1698</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>50 PUBLIC SERVICE ENTERPRISE</NameOfStock>
        <EOYBookValue>1551</EOYBookValue>
        <EOYFMV>1591</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>30 THE TRAVELERS COMPANIES</NameOfStock>
        <EOYBookValue>1586</EOYBookValue>
        <EOYFMV>1671</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>45 ALLSTATE CORP</NameOfStock>
        <EOYBookValue>1463</EOYBookValue>
        <EOYFMV>1435</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>25 KIMBERLY CLARK</NameOfStock>
        <EOYBookValue>1507</EOYBookValue>
        <EOYFMV>1576</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>20 LOCKHEED MARTIN</NameOfStock>
        <EOYBookValue>1643</EOYBookValue>
        <EOYFMV>1398</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>100 COMCAST A</NameOfStock>
        <EOYBookValue>1613</EOYBookValue>
        <EOYFMV>2197</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>50 MICROSOFT</NameOfStock>
        <EOYBookValue>1459</EOYBookValue>
        <EOYFMV>1396</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>60 ORACLE</NameOfStock>
        <EOYBookValue>1547</EOYBookValue>
        <EOYFMV>1878</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>75 INTEL</NameOfStock>
        <EOYBookValue>1541</EOYBookValue>
        <EOYFMV>1577</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>50 VERIZON</NameOfStock>
        <EOYBookValue>1351</EOYBookValue>
        <EOYFMV>1789</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>340 VANGUARD EUROPE PACIFIC ETF</NameOfStock>
        <EOYBookValue>12080</EOYBookValue>
        <EOYFMV>12291</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>195 VANGUARD INTL EMERGING MKTS</NameOfStock>
        <EOYBookValue>8055</EOYBookValue>
        <EOYFMV>9388</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="5">
      <USGovtSecuritiesEOYBookValue>84743</USGovtSecuritiesEOYBookValue>
      <USGovtSecuritiesEOYFMV>85461</USGovtSecuritiesEOYFMV>
      <StateLocalSecuritiesEOYBookVal>50149</StateLocalSecuritiesEOYBookVal>
      <StateLocalSecuritiesEOYFMV>53836</StateLocalSecuritiesEOYFMV>
    </InvestmentsGovtObligationsSch>
    <OtherExpensesSchedule documentId="4">
      <OtherExpenses>
        <Description>investment expenses</Description>
        <RevenueAndExpensesPerBooks>202</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>202</NetInvestmentIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="2">
      <OtherProfessionalFees>
        <Category>CITIBANK</Category>
        <Amount>3446</Amount>
        <NetInvestmentIncome>3446</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="3">
      <Taxes>
        <Category>federal tax</Category>
        <Amount>73</Amount>
        <NetInvestmentIncome>73</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>foreign tax on dividends</Category>
        <Amount>44</Amount>
        <NetInvestmentIncome>44</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>nys filing fee</Category>
        <Amount>100</Amount>
        <DisbursementsCharitablePrps>100</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>