﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2010v3.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-07-06T09:41:27-05:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>DEMAKIS &amp; DEMAKIS CPA'S</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>56 CENTRAL AVENUE SUITE 207</AddressLine1>
        <City>LYNN</City>
        <State>MA</State>
        <ZIPCode>019011140</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>046130871</EIN>
      <Name>
        <BusinessNameLine1>GERONDELIS FOUNDATION INC</BusinessNameLine1>
      </Name>
      <NameControl>GERO</NameControl>
      <Phone>7815953311</Phone>
      <USAddress>
        <AddressLine1>56 CENTRAL AVENUE</AddressLine1>
        <AddressLine2>ROOM/SUITE 201</AddressLine2>
        <City>LYNN</City>
        <State>MA</State>
        <ZIPCode>01901</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>GREGORY C DEMAKIS</Name>
      <Title>PRESIDENT</Title>
      <Phone>7815953311</Phone>
      <DateSigned>2011-05-12</DateSigned>
    </Officer>
    <Preparer>
      <Name>TIMOTHY S DEMAKIS CPA</Name>
      <Phone>7815926120</Phone>
      <DatePrepared>2011-06-20</DatePrepared>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="13">
    <IRS990PF documentId="RetDoc1">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>881458</FMVAssetsEOY>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>42</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>42</InterestOnSavingsNetInvstIncm>
        <InterestOnSavingsAdjNetIncm>42</InterestOnSavingsAdjNetIncm>
        <DividendsRevAndExpnss>24986</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>24986</DividendsNetInvstIncm>
        <DividendsAdjNetIncm>24986</DividendsAdjNetIncm>
        <GrossRentsRevAndExpnss>570182</GrossRentsRevAndExpnss>
        <GrossRentsNetInvstIncm>570182</GrossRentsNetInvstIncm>
        <GrossRentsAdjNetIncm>570182</GrossRentsAdjNetIncm>
        <NetRentalIncomeOrLoss>570182</NetRentalIncomeOrLoss>
        <OtherIncomeRevAndExpnss referenceDocumentId="RetDoc10">57</OtherIncomeRevAndExpnss>
        <OtherIncomeAdjNetIncm>57</OtherIncomeAdjNetIncm>
        <TotalRevenueAndExpenses>595267</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>595210</TotalNetInvestmentIncome>
        <TotalAdjustedNetIncome>595267</TotalAdjustedNetIncome>
        <CompOfcrDirTrstRevAndExpnss>21000</CompOfcrDirTrstRevAndExpnss>
        <AccountingFeesRevAndExpnss referenceDocumentId="RetDoc2">10000</AccountingFeesRevAndExpnss>
        <AccountingFeesDsbrsChrtblPrps>10000</AccountingFeesDsbrsChrtblPrps>
        <OtherProfFeesRevAndExpnss referenceDocumentId="RetDoc12">50000</OtherProfFeesRevAndExpnss>
        <OtherProfFeesDsbrsChrtblPrps>50000</OtherProfFeesDsbrsChrtblPrps>
        <TaxesRevAndExpnss referenceDocumentId="RetDoc13">250</TaxesRevAndExpnss>
        <TaxesDsbrsChrtblPrps>250</TaxesDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc8">20247</OtherExpensesRevAndExpnss>
        <OtherExpensesDsbrsChrtblPrps>20247</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>101497</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>0</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>80497</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>463100</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>463100</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>564597</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>0</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>543597</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>30670</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>595210</NetInvestmentIncome>
        <AdjustedNetIncome>595267</AdjustedNetIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>292242</CashBOY>
        <CashEOY>288024</CashEOY>
        <PrepaidExpensesBOY>9620</PrepaidExpensesBOY>
        <PrepaidExpensesEOY>3668</PrepaidExpensesEOY>
        <InvestmentsGovtObligBOY>31252</InvestmentsGovtObligBOY>
        <InvestmentsGovtObligEOY>30104</InvestmentsGovtObligEOY>
        <InvestmentsGovtObligEOYFMV>30104</InvestmentsGovtObligEOYFMV>
        <InvestmentsCorpStockBOY>455968</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="RetDoc5">500147</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>500147</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>340623</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY referenceDocumentId="RetDoc4">351207</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>351207</InvestmentsCorpBondsEOYFMV>
        <InvestmentsLandEtcBasis>3910000</InvestmentsLandEtcBasis>
        <InvestmentsLandEtcBOY>3910000</InvestmentsLandEtcBOY>
        <InvestmentsLandEtcEOY referenceDocumentId="RetDoc6">3910000</InvestmentsLandEtcEOY>
        <TotalAssetsBOY>5039705</TotalAssetsBOY>
        <TotalAssetsEOY>5083150</TotalAssetsEOY>
        <TotalAssetsEOYFMV>881458</TotalAssetsEOYFMV>
        <AccountsPayableBOY>10000</AccountsPayableBOY>
        <AccountsPayableEOY>10000</AccountsPayableEOY>
        <GrantsPayableBOY>263000</GrantsPayableBOY>
        <GrantsPayableEOY>227000</GrantsPayableEOY>
        <OtherLiabilitiesBOY referenceDocumentId="RetDoc11">214</OtherLiabilitiesBOY>
        <OtherLiabilitiesEOY referenceDocumentId="RetDoc11">1308</OtherLiabilitiesEOY>
        <TotalLiabilitiesBOY>273214</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>238308</TotalLiabilitiesEOY>
        <OrgThatFollowSFAS117>X</OrgThatFollowSFAS117>
        <UnrestrictedBOY>4766491</UnrestrictedBOY>
        <UnrestrictedEOY>4844842</UnrestrictedEOY>
        <TotalNetAssetsBOY>4766491</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>4844842</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>5039705</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>5083150</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>4766491</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>30670</ExcessOfRevenueOverExpenses>
        <OtherIncreases referenceDocumentId="RetDoc9">54727</OtherIncreases>
        <Subtotal>4851888</Subtotal>
        <OtherDecreases referenceDocumentId="RetDoc7">7046</OtherDecreases>
        <TotalNetAssetsFundBalancesEOY>4844842</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>571907</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>8205506</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.069698</DistributionRatioYear1>
        <QualifyingDistributionsYear2>504272</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>8416034</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.059918</DistributionRatioYear2>
        <QualifyingDistributionsYear3>551047</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>8163319</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.067503</DistributionRatioYear3>
        <QualifyingDistributionsYear4>428619</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>8434956</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.050815</DistributionRatioYear4>
        <QualifyingDistributionsYear5>478465</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>8373208</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.057142</DistributionRatioYear5>
        <TotalDistributionRatio>0.305076</TotalDistributionRatio>
        <AverageDistributionRatio>0.061015</AverageDistributionRatio>
        <NetNoncharitableAssets>8175210</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>498810</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>5952</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>504762</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>543597</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>5952</InvestmentIncomeExciseTax>
        <Subtotal>5952</Subtotal>
        <TaxBasedOnInvestmentIncome>5952</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>9620</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>9620</TotalCreditsAndPayments>
        <Overpayment>3668</Overpayment>
        <AmountCreditedToNextYear>3668</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>MA</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfPersonName>GREGORY C DEMAKIS</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>7815953311</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>56 CENTRAL AVENUE</AddressLine1>
          <AddressLine2>SUITE 201</AddressLine2>
          <City>LYNN</City>
          <State>MA</State>
          <ZIPCode>01901</ZIPCode>
        </BooksInCareOfUSAddress>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <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>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">THOMAS C DEMAKIS ESQ</PersonName>
          <USAddress>
            <AddressLine1>186 PERKINS ROW</AddressLine1>
            <City>TOPSFIELD</City>
            <State>MA</State>
            <ZIPCode>01983</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">GREGORY C DEMAKIS ESQ</PersonName>
          <USAddress>
            <AddressLine1>180 WEST SHORE DRIVE</AddressLine1>
            <City>MARBLEHEAD</City>
            <State>MA</State>
            <ZIPCode>01945</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">PAUL C DEMAKIS ESQ</PersonName>
          <USAddress>
            <AddressLine1>46 COMMONWEALTH AVENUE</AddressLine1>
            <City>BOSTON</City>
            <State>MA</State>
            <ZIPCode>02116</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1500</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">GEORGE MARCOPOULOS</PersonName>
          <USAddress>
            <AddressLine1>EAST HALLDEPT OF HISTORY</AddressLine1>
            <City>MEDFORD</City>
            <State>MA</State>
            <ZIPCode>02155</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>500</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">DR NICHOLAS T ZERVAS</PersonName>
          <USAddress>
            <AddressLine1>MASS GENERAL HOSPITAL</AddressLine1>
            <City>BOSTON</City>
            <State>MA</State>
            <ZIPCode>02114</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1500</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">THOMAS L DEMAKIS</PersonName>
          <USAddress>
            <AddressLine1>45 BLODGETT AVENUE</AddressLine1>
            <City>SWAMPSCOTT</City>
            <State>MA</State>
            <ZIPCode>01907</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">CHRISTOPHER SCANGAS</PersonName>
          <USAddress>
            <AddressLine1>8214 SANTALUZ VILLAGE GREEN SOUTH</AddressLine1>
            <City>SAN DIEGO</City>
            <State>CA</State>
            <ZIPCode>92127</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1500</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">RUSSELL SMITH</PersonName>
          <USAddress>
            <AddressLine1>47 RIVER ROAD</AddressLine1>
            <City>GLOUCESTER</City>
            <State>MA</State>
            <ZIPCode>01930</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">JOHN N DEMAKIS</PersonName>
          <USAddress>
            <AddressLine1>1 LEO ROAD</AddressLine1>
            <City>MARBLEHEAD</City>
            <State>MA</State>
            <ZIPCode>01945</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>3500</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">T PHILLIP COMENOS</PersonName>
          <USAddress>
            <AddressLine1>1 DEXTER LANE</AddressLine1>
            <City>MANCHESTER</City>
            <State>MA</State>
            <ZIPCode>01944</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1500</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">NONDAS LAGONAKIS</PersonName>
          <USAddress>
            <AddressLine1>30 FAIRVIEW AVENUE</AddressLine1>
            <City>SALEM</City>
            <State>MA</State>
            <ZIPCode>01970</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName referenceDocumentId="RetDoc3">ATHAS KOURKOUSIS</PersonName>
          <USAddress>
            <AddressLine1>101 LITTLE NAHANT ROAD</AddressLine1>
            <City>NAHANT</City>
            <State>MA</State>
            <ZIPCode>01908</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SumOfProgramRelatedInvestments>
        <Description1>N/A</Description1>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>812177</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>27529</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>7460000</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>8299706</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>8299706</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>124496</CashDeemedCharitable>
        <NetNoncharitableAssets>8175210</NetNoncharitableAssets>
        <MinimumInvestmentReturn>408761</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>408761</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>5952</TaxBasedOnInvestmentIncome>
        <TotalTax>5952</TotalTax>
        <DistributableAmountBeforeAdj>402809</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>402809</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>402809</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>543597</ExpensesAndContributions>
        <QualifyingDistributions>543597</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>5952</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>537645</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>402809</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear5>69445</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear4>17050</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>152961</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>94041</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>173068</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>506565</TotalExcessDistriCarryover>
        <QualifyingDistributions>543597</QualifyingDistributions>
        <AppliedToCurrentYear>402809</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>140788</RemainingDistriFromCorpus>
        <TotalCorpus>647353</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovFromYear5>69445</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>577908</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>17050</ExcessFromYear4>
        <ExcessFromYear3>152961</ExcessFromYear3>
        <ExcessFromYear2>94041</ExcessFromYear2>
        <ExcessFromYear1>173068</ExcessFromYear1>
        <ExcessFromCurrentYear>140788</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>NONE</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <AppicationSubmissionInfo>
          <RecipientName>GREGORY C DEMAKIS</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>56 CENTRAL AVENUESUITE 201</AddressLine1>
            <City>LYNN</City>
            <State>MA</State>
            <ZIPCode>01901</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>7815953311</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>NAME,ADDRESS,COLLEGE OR UNIVERSITY</FormAndInfoAndMaterials>
          <SubmissionDeadlines>NONE</SubmissionDeadlines>
          <RestrictionsOnAwards>MUST BE OF GREEK HERITAGE</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ASSUMPTION GREEK CHURCH</BusinessNameLine1>
            <BusinessNameLine2>OF IPSWICH</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>8 LAFAYETTE ROAD</AddressLine1>
            <AddressLine2>PO BOX 6</AddressLine2>
            <City>IPSWICH</City>
            <State>MA</State>
            <ZIPCode>01938</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BOSTON SYMPHONY ORCH</BusinessNameLine1>
            <BusinessNameLine2>LYNN YOUTH PROGRAM</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>301 MASS AVENUE</AddressLine1>
            <City>BOSTON</City>
            <State>MA</State>
            <ZIPCode>02115</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BOYS &amp; GIRLS CLUB OF LYNN</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>25 N COMMON STREET</AddressLine1>
            <City>LYNN</City>
            <State>MA</State>
            <ZIPCode>01902</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>3100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CARNEGIE MELLON UNIV</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>HAMBURG HALL</AddressLine1>
            <City>PITTSBURG</City>
            <State>PA</State>
            <ZIPCode>152133890</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>8000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHILDREN'S FRIENDS &amp;</BusinessNameLine1>
            <BusinessNameLine2>FAMILY SERVICES</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>48 BRIDGE STREET</AddressLine1>
            <City>SALEM</City>
            <State>MA</State>
            <ZIPCode>01970</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>COLUMBIA UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>400 AVERY HALL</AddressLine1>
            <AddressLine2>1172 AMSTERDAM AVENUE</AddressLine2>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10027</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>80000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CUNY</BusinessNameLine1>
            <BusinessNameLine2>THE CITY UNIV OF NEW YORK-GRACE BUILDING</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>42ND STREET</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10012</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DUKE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 90097</AddressLine1>
            <City>DURHAM</City>
            <State>NC</State>
            <ZIPCode>27708</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>8000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FORDHAM UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>113 W 60TH STREET</AddressLine1>
            <AddressLine2>6TH FLOOR RM 617G</AddressLine2>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10023</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>8000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GEORGIA INSTITUTE OF TECH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>631 CHERRY STREET</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>303320430</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>8000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GREATER LYNN YMCA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>20 NEPTUNE BLVD</AddressLine1>
            <City>LYNN</City>
            <State>MA</State>
            <ZIPCode>01902</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HARVARD UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>48 QUINCY STREET</AddressLine1>
            <City>CAMBRIDGE</City>
            <State>MA</State>
            <ZIPCode>02138</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HELLENIC COLLEGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>50 GODDARD AVENUE</AddressLine1>
            <City>BROOKLINE</City>
            <State>MA</State>
            <ZIPCode>02445</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HELLENIC WOMEN'S</BusinessNameLine1>
            <BusinessNameLine2>BENEVOLENT ASSOCIATION INC</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>601 SHERMAN STREET</AddressLine1>
            <City>CANTON</City>
            <State>MA</State>
            <ZIPCode>02021</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>JOURNEY OF HOPE INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>100 WILLOW STREET</AddressLine1>
            <City>LYNN</City>
            <State>MA</State>
            <ZIPCode>019024391</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LYNN COMMUNITY HEALTH CTR</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>269 UNION STREET</AddressLine1>
            <City>LYNN</City>
            <State>MA</State>
            <ZIPCode>01901</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>METROPOLIS OF MONOVASIA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>MONEVASIA</AddressLine1>
            <City>SPARTA</City>
            <Country>GR</Country>
          </RecipientForeignAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MIT</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>77 MASS AVENUE</AddressLine1>
            <City>CAMBRIDGE</City>
            <State>MA</State>
            <ZIPCode>021394307</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>12000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NEW SCHOOL UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>66 WEST 12STH STREET</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>100118603</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NORTHEASTERN ILLINOIS UNI</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5500 N ST LOUIS AVENUE</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60625</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>8000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NYC TISCH SCHOOL OF ARTS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>721 BROADWAY</AddressLine1>
            <AddressLine2>3RD FLOOR</AddressLine2>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>100036807</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>RAW ARTS WORKS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>37 CENTRAL SQUARE</AddressLine1>
            <City>LYNN</City>
            <State>MA</State>
            <ZIPCode>01901</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>RENSSELEAR POLYTECH INST</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>110 8TH STREET</AddressLine1>
            <City>TROY</City>
            <State>NY</State>
            <ZIPCode>121083590</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>RICE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1892</AddressLine1>
            <City>HOUSTON</City>
            <State>TX</State>
            <ZIPCode>772511892</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ST BASIL'S ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>711 FOX CHASE ROAD</AddressLine1>
            <City>JENKINTOWN</City>
            <State>PA</State>
            <ZIPCode>19046</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ST MARY'S HIGH SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>35 TREMONT STREET</AddressLine1>
            <City>LYNN</City>
            <State>MA</State>
            <ZIPCode>01902</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>STANFORD UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>350 SERRA MALL 173</AddressLine1>
            <City>STANFORD</City>
            <State>CA</State>
            <ZIPCode>943059505</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>8000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ST GEORGE'S CHURCH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>54 SOUTH COMMON STREET</AddressLine1>
            <City>LYNN</City>
            <State>MA</State>
            <ZIPCode>01901</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>STEVENS INST OF TECH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>SIXTH HUDSON STREET</AddressLine1>
            <City>HOBOKEN</City>
            <State>NJ</State>
            <ZIPCode>07030</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SVA SCHOOL OF VISUAL ARTS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>209 EAST 23RD STREET</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>100103994</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNIVERSITY OF CALIFORNIA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>900 UNIVERSITY AVENUE</AddressLine1>
            <City>RIVERSIDE</City>
            <State>CA</State>
            <ZIPCode>92521</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>33000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNIVERSITY OF CENTRAL</BusinessNameLine1>
            <BusinessNameLine2>ARKANSAS</BusinessNameLine2>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>201 DONAGHEY AVENUE</AddressLine1>
            <City>CONWAY</City>
            <State>AR</State>
            <ZIPCode>720350001</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNIVERSITY OF CHICAGO</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5801 SOUTH ELLIS AVENUE</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60637</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNIVERSITY OF FLORIDA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 117200</AddressLine1>
            <City>GAINESVILLE</City>
            <State>FL</State>
            <ZIPCode>326117200</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>12000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNIV OF ILLIONIS AT URBAN</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>340 WOHLERS HALLMC-706</AddressLine1>
            <AddressLine2>1206 SOUTH SIXTH STREET</AddressLine2>
            <City>CHAMPAIGN</City>
            <State>IL</State>
            <ZIPCode>618206980</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNIVERSITY OF MARYLAND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>ROOM 4105 HORNBAKE BLD</AddressLine1>
            <City>COLLEGE PARK</City>
            <State>MD</State>
            <ZIPCode>207424345</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>YALE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 208268</AddressLine1>
            <City>NEW HAVEN</City>
            <State>CT</State>
            <ZIPCode>065208268</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>VIRGINIA TECH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>106 HUTCHENSON HALL</AddressLine1>
            <City>BLACKBURG</City>
            <State>VA</State>
            <ZIPCode>24061</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>16000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HIGH SCHOOL SCHOLARSHIPS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>56 CENTRAL AVE</AddressLine1>
            <City>LYNN</City>
            <State>MA</State>
            <ZIPCode>01901</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PRIVATE</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL</PurposeOfGrantOrContribution>
          <Amount>93000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>463100</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>42</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>24986</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRntlIncmReNotDebtFincdProp>
          <RelatedOrExemptFunctionIncome>570182</RelatedOrExemptFunctionIncome>
        </NetRntlIncmReNotDebtFincdProp>
        <OtherRevenueDescribed>
          <Description>LITIGATION PROCEEDS</Description>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>19</ExclusionAmount>
        </OtherRevenueDescribed>
        <OtherRevenueDescribed>
          <Description>COLUMBIA SMALL-CAP GAIN DIV</Description>
          <RelatedOrExemptFunctionIncome>38</RelatedOrExemptFunctionIncome>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>25047</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>570220</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>595267</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="RetDoc2">
      <AccountingFees>
        <Category>ACCOUNTING FEE</Category>
        <Amount>10000</Amount>
        <DisbursementsCharitablePrps>10000</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <CompensationExplanation documentId="RetDoc3">
      <Compensation>
        <PersonName>THOMAS C DEMAKIS ESQ</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>GREGORY C DEMAKIS ESQ</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>PAUL C DEMAKIS ESQ</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>GEORGE MARCOPOULOS</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>DR NICHOLAS T ZERVAS</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>THOMAS L DEMAKIS</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>CHRISTOPHER SCANGAS</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>RUSSELL SMITH</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>JOHN N DEMAKIS</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>T PHILLIP COMENOS</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>NONDAS LAGONAKIS</PersonName>
      </Compensation>
      <Compensation>
        <PersonName>ATHAS KOURKOUSIS</PersonName>
      </Compensation>
    </CompensationExplanation>
    <InvestmentsCorpBondsSchedule documentId="RetDoc4">
      <InvestmentsCorpBonds>
        <NameOfBond>CORP BONDS</NameOfBond>
        <EOYBookValue>351207</EOYBookValue>
        <EOYFMV>351207</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc5">
      <InvestmentsCorpStock>
        <NameOfStock>COMMON STOCK</NameOfStock>
        <EOYBookValue>500147</EOYBookValue>
        <EOYFMV>500147</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="RetDoc6">
      <InvestmentLand>
        <CategoryOrItem>LAND</CategoryOrItem>
        <CostOrOtherBasis>3910000</CostOrOtherBasis>
        <BookValue>3910000</BookValue>
      </InvestmentLand>
    </InvestmentsLandSchedule2>
    <OtherDecreasesSchedule documentId="RetDoc7">
      <OtherDecreases>
        <Description>FEDERAL INCOME TAX</Description>
        <Amount>7046</Amount>
      </OtherDecreases>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpenses>
        <Description>EXPENSES</Description>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SCHOLARSHIP ADVERTISING</Description>
        <RevenueAndExpensesPerBooks>3691</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>3691</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BANK CHARGES</Description>
        <RevenueAndExpensesPerBooks>204</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>204</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INVESTMENT FEES</Description>
        <RevenueAndExpensesPerBooks>4722</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>4722</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS EXPENSE</Description>
        <RevenueAndExpensesPerBooks>11630</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>11630</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>30</Description>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc10">
      <OtherIncome>
        <Description>LITIGATION PROCEEDS</Description>
        <RevenueAndExpensesPerBooks>19</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>19</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>COLUMBIA SMALL-CAP GAIN DIV</Description>
        <RevenueAndExpensesPerBooks>38</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>38</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc9">
      <OtherIncreases>
        <Description>INCREASE IN UNREALIZED GAINS ON INVESTMENTS</Description>
        <Amount>54725</Amount>
      </OtherIncreases>
      <OtherIncreases>
        <Description>ROUNDING</Description>
        <Amount>2</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc11">
      <OtherLiabilities>
        <Description>DEFERRED INCOME TAXES</Description>
        <BOYBookValue>214</BOYBookValue>
        <EOYBookValue>1308</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc12">
      <OtherProfessionalFees>
        <Category>LEGAL FEES</Category>
        <Amount>50000</Amount>
        <DisbursementsCharitablePrps>50000</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc13">
      <Taxes>
        <Category>OTHER TAXES</Category>
        <Amount>250</Amount>
        <DisbursementsCharitablePrps>250</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>