﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2010v3.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-08-15T08:19:52-05:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>LIVINGSTON &amp; HAYNES PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>PO BOX 330</AddressLine1>
        <City>WARE</City>
        <State>MA</State>
        <ZIPCode>01082</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>160849832</EIN>
      <Name>
        <BusinessNameLine1>CREATIVE EDUCATION FOUNDATION INC</BusinessNameLine1>
      </Name>
      <NameControl>CREA</NameControl>
      <Phone>5089600000</Phone>
      <USAddress>
        <AddressLine1>48 NORTH PLEASANT STREET No 301</AddressLine1>
        <City>AMHERST</City>
        <State>MA</State>
        <ZIPCode>01002</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>VICTORIA CLICHE</Name>
      <Title>PRESIDENT AND CEO</Title>
      <Phone>5089600000</Phone>
      <DateSigned>2011-08-07</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>DEBRA L CHRISTENSEN</Name>
      <Phone>4139675936</Phone>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="7">
    <IRS990 documentId="RetDoc1038000001" referenceDocumentId="RetDoc1044400001">
      <NameOfPrincipalOfficerPerson>VICTORIA CLICHE</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>48 NORTH PLEASANT STREET No 301</AddressLine1>
        <City>AMHERST</City>
        <State>MA</State>
        <ZIPCode>01002</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>717719</GrossReceipts>
      <GroupReturnForAffiliates>0</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>CREATIVEEDUCATION.ORG</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1954</YearFormation>
      <StateLegalDomicile>NY</StateLegalDomicile>
      <ActivityOrMissionDescription>TO PROMOTE CREATIVE THINKING AND PROBLEM SOLVING.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>12</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>12</NbrIndependentVotingMembers>
      <TotalNbrEmployees>7</TotalNbrEmployees>
      <TotalNbrVolunteers>80</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>0</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>170946</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>123897</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>440020</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>484908</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>26249</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>5340</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>51872</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>82056</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>689087</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>696201</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>0</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>209044</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>257448</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>27170</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>423703</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>389959</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>632747</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>647407</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>56340</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>48794</RevenuesLessExpensesCY>
      <TotalAssetsBOY>303398</TotalAssetsBOY>
      <TotalAssetsEOY>342165</TotalAssetsEOY>
      <TotalLiabilitiesBOY>111842</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>83819</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>191556</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>258346</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <MissionDescription>THE CREATIVE EDUCATION FOUNDATION IS THE CENTRE FOR APPLIED IMAGINATION - HELPING INDIVIDUALS, ORGANIZATIONS AND COMMUNITIES TRANSFORM THEMSELVES AS THEY CONFRONT REAL-WORLD CHALLANGES.</MissionDescription>
      <SignificantNewProgramServices>0</SignificantNewProgramServices>
      <SignificantChange>0</SignificantChange>
      <Expense>388065</Expense>
      <Revenue>314822</Revenue>
      <Description>THE FOUNDATION CONDUCTS AN ANNUAL, INTERNATIONAL CONFERENCE "THE CREATIVE PROBLEM SOLVING INSTITUTE" (CPSI) WHICH IS THE OLDEST AND LONGEST RUNNING CONFERENCE DEDICATED TO TEACHING THE PRACTICE OF CREATIVE SKILLS. CPSI WAS THE BRIANCHILD OF OUR FOUNDER, ALEX OSBORN, THE INVENTOR OF BRAINSTORMING AND THE CREATIVE PROBLEM SOLVING PROCESS (CPS). CPSI HOSTS HUNDREDS OF PARTICIPANTS FROM AN AVERAGE OF 30 COUNTRIES EACH YEAR. IT IS WHERE INDIVIDUALS LEARN THE CREATIVE PROBLEM SOLVING PROCESS AND INNOVATION TECHNIQUES THAT ARE NEEDED TO SOLVE TODAY'S ISSUES ACROSS SECTORS AND DISCIPLINES.</Description>
      <Activity2>
        <Expense>52469</Expense>
        <Revenue>118195</Revenue>
        <Description>THE FOUNDATION PUBLISHES AN THE ACADEMIC JOURNAL ENTITLED "THE JOURNAL OF CREATIVE BEHAVOIR" (JCB) QUARTERLY. THE JOURNAL CITES THE MOST CURRENT RESEARCH IN CREATIVE THINKING. FOR OVER FOUR DECADES JCB HAS BEEN THE BENCHMARK SCIENTIFIC PERIODICAL IN THE FIELD. IT PROVIDES UP TO DATE CUTTING-EDGE IDEAS ABOUT CREATIVITY IN EDUCATION, PSYCHOLOGY, BUSINESS, ARTS AND MORE.</Description>
      </Activity2>
      <Activity3>
        <Expense>102622</Expense>
        <Revenue>28961</Revenue>
        <Description>CEF PROVIDES EDUCATION SERVICES THROUGH TRAINING AND CONSULTING ON CREATIVE THINKING TECHNIQUES AND ESTABLISHING ENVIRONMENTS TO SUPPORT INNVOATION &amp; CREATIVITY.1) CEF'S YOUTHWISE PROGRAM TEACHES YOUNG PEOPLE HOW TO APPLY CREATIVE PROBLEM SOLVING (CPS) TO MAKE POSITIVE CHANGES IN THEIR LIVES AND COLLABORATE WITHIN THEIR SCHOOLS &amp; COMMUNITIES TO SOLVE CHALLANGES CREATIVELY AND FOR THE COMMON GOOD.2) THE FOUNDATION IS RECOGNIZED AS THE PREMIER GOLBAL SOURCE FOR TRUSTED EXPERTS IN INNOVATION TRAINING, CREATIVE THINKING &amp; CPS. UTILIZING THE WORLD'S BEST FACILITATORS &amp; THINKERS, WE BRING EXTERNAL PERSPECTIVES AND METHODS TO ORGANIZATIONS TO HELP THE ORGANIZATION FIND SOLUTIONS, DEVELOP PRODUCTS AND CHANGE THE WAY IT DOES BUSINESS.</Description>
      </Activity3>
      <ActivityOther>
        <Expense>22701</Expense>
        <Revenue>21419</Revenue>
        <Description>THE FOUNDATION ALSO PUBLISHES AND SELLS BOOKS BY THE FOUNDER AND OTHER MEMBERS OF THE CREATIVE THINKING COMMUNITY.</Description>
      </ActivityOther>
      <TotalOfOtherProgramServiceExp>22701</TotalOfOtherProgramServiceExp>
      <TotalOfOtherProgramServiceRev>21419</TotalOfOtherProgramServiceRev>
      <TotalProgramServiceExpense>565857</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc1039100001">1</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="RetDoc1234500001">1</ScheduleBRequired>
      <PoliticalActivities>0</PoliticalActivities>
      <LobbyingActivities>0</LobbyingActivities>
      <DonorAdvisedFunds referenceDocumentId="RetDoc1040000001">0</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc1040000001">0</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc1040000001">0</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc1040000001">0</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc1040000001">1</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc1040000001">1</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc1040000001">1</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc1040000001">1</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc1040000001">1</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc1040000001">1</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc1040000001">0</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc1040000001">1</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc1040000001">0</ConsolidatedAuditFinancialStmt>
      <School>0</School>
      <ForeignOffice>0</ForeignOffice>
      <ForeignActivities>0</ForeignActivities>
      <MoreThan5000KToOrganizations>0</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>0</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>0</ProfessionalFundraising>
      <FundraisingActivities>1</FundraisingActivities>
      <Gaming>0</Gaming>
      <Hospital>0</Hospital>
      <GrantsToOrganizations>0</GrantsToOrganizations>
      <GrantsToIndividuals>0</GrantsToIndividuals>
      <ScheduleJRequired>0</ScheduleJRequired>
      <TaxExemptBonds>0</TaxExemptBonds>
      <ExcessBenefitTransaction referenceDocumentId="RetDoc1042800001">0</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction referenceDocumentId="RetDoc1042800001">0</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP referenceDocumentId="RetDoc1042800001">0</LoanToOfficerOrDQP>
      <GrantToRelatedPerson referenceDocumentId="RetDoc1042800001">0</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization referenceDocumentId="RetDoc1042800001">0</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember referenceDocumentId="RetDoc1042800001">0</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp referenceDocumentId="RetDoc1042800001">1</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>0</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>0</DeductibleContributionsOfArt>
      <Terminated>0</Terminated>
      <PartialLiquidation>0</PartialLiquidation>
      <DisregardedEntity>0</DisregardedEntity>
      <RelatedEntity>0</RelatedEntity>
      <RelatedOrgControlledEntity>0</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>0</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg>0</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>0</ActivitiesConductedPartnership>
      <ScheduleORequired>1</ScheduleORequired>
      <NumberFormsTransmittedWith1096>5</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <NumberOfEmployees>7</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>0</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>1</UnrelatedBusinessIncome>
      <Form990-TFiled>1</Form990-TFiled>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>0</TaxablePartyNotification>
      <NonDeductibleContributions>0</NonDeductibleContributions>
      <QuidProQuoContributions>0</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>0</Form8282PropertyDisposedOf>
      <IndoorTanningServices>0</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>12</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>12</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>0</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>0</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>0</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>0</MaterialDiversionOrMisuse>
      <MembersOrStockholders>0</MembersOrStockholders>
      <ElectionOfBoardMembers>0</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>0</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>1</MinutesOfGoverningBody>
      <MinutesOfCommittees>1</MinutesOfCommittees>
      <OfficerMailingAddress>0</OfficerMailingAddress>
      <LocalChapters>0</LocalChapters>
      <Form990ProvidedToGoverningBody>1</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>1</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>1</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>0</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>0</WhistleblowerPolicy>
      <DocumentRetentionPolicy>0</DocumentRetentionPolicy>
      <CompensationProcessCEO>1</CompensationProcessCEO>
      <CompensationProcessOther>1</CompensationProcessOther>
      <InvestmentInJointVenture>0</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>NY</StatesWhereCopyOfReturnIsFiled>
      <StatesWhereCopyOfReturnIsFiled>MA</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>VICTORIA CLICHE</BusinessNameLine1>
        </NameBusiness>
        <TelephoneNumber>5089600000</TelephoneNumber>
        <AddressUS>
          <AddressLine1>48 NORTH PLEASANT STREET</AddressLine1>
          <City>AMHERST</City>
          <State>MA</State>
          <ZIPCode>01002</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>DAVID M HORTH</NamePerson>
        <Title>CHAIRMAN</Title>
        <AverageHoursPerWeek>6.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>VICTORIA CLICHE</NamePerson>
        <Title>PRESIDENT AND CEO</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>85945</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>RICHARD SCHENKMAN</NamePerson>
        <Title>VICE CHAIRMAN</Title>
        <AverageHoursPerWeek>4.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KATHERINE HEUSNER</NamePerson>
        <Title>SECRETARY</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARION GARBER</NamePerson>
        <Title>TREASURER</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>HUNTON TIFFANY</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JANE GOLDWASSER</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARAGARET RAPPAPORT</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SAM MALHOTRA</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DIMIS MICHAELIDES</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAN KNIGHT</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SUZIE NUSSEL</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>3.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>SIDNEY PARNES PHD</NamePerson>
        <Title>LIFETIME TRUSTEE</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BEATRICE F PARNES</NamePerson>
        <Title>TRUSTEE EMERTIUS</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DORIS SHALLCROSS</NamePerson>
        <Title>TRUSTEE EMERTIUS</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ROBERT BERNER</NamePerson>
        <Title>TRUSTEE EMERTIUS</Title>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>85945</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>0</TotalOtherCompensation>
      <NumberIndividualsGT100K>0</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>0</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <AllOtherContributions>123897</AllOtherContributions>
      <TotalContributions>123897</TotalContributions>
      <ProgramServiceRevenue>
        <Description>PROGRAM ENROLLMENTS AN</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>335769</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>335769</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>SALES OF PERIODICALS</Description>
        <BusinessCode>511120</BusinessCode>
        <TotalRevenueColumn>118195</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>118195</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>SALES OF BOOKS</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>21419</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>21419</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>RENT</Description>
        <BusinessCode>531190</BusinessCode>
        <TotalRevenueColumn>9525</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>9525</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>484908</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>6709</TotalRevenueColumn>
        <ExclusionAmount>6709</ExclusionAmount>
      </InvestmentIncome>
      <GrossAmountSalesAssets>
        <Securities>20149</Securities>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>21518</Securities>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>-1369</Securities>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>-1369</TotalRevenueColumn>
        <ExclusionAmount>-1369</ExclusionAmount>
      </NetGainOrLossInvestments>
      <GrossIncomeFundraisingEvents>82056</GrossIncomeFundraisingEvents>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>82056</TotalRevenueColumn>
        <ExclusionAmount>82056</ExclusionAmount>
      </NetIncomeFromFundraisingEvents>
      <TotalRevenue>
        <TotalRevenueColumn>696201</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>484908</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>87396</ExclusionAmount>
      </TotalRevenue>
      <CompCurrentOfficersDirectors>
        <Total>85946</Total>
        <ProgramServices>73054</ProgramServices>
        <ManagementAndGeneral>4297</ManagementAndGeneral>
        <Fundraising>8595</Fundraising>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>146158</Total>
        <ProgramServices>122071</ProgramServices>
        <ManagementAndGeneral>16894</ManagementAndGeneral>
        <Fundraising>7193</Fundraising>
      </OtherSalariesAndWages>
      <OtherEmployeeBenefits>
        <Total>6972</Total>
        <ProgramServices>5248</ProgramServices>
        <ManagementAndGeneral>1084</ManagementAndGeneral>
        <Fundraising>640</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>18372</Total>
        <ProgramServices>15386</ProgramServices>
        <ManagementAndGeneral>1461</ManagementAndGeneral>
        <Fundraising>1525</Fundraising>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>2633</Total>
        <ProgramServices>1673</ProgramServices>
        <ManagementAndGeneral>960</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>7950</Total>
        <ManagementAndGeneral>7950</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <Advertising>
        <Total>15552</Total>
        <ProgramServices>15470</ProgramServices>
        <ManagementAndGeneral>59</ManagementAndGeneral>
        <Fundraising>23</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>16305</Total>
        <ProgramServices>10343</ProgramServices>
        <ManagementAndGeneral>5285</ManagementAndGeneral>
        <Fundraising>677</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>28505</Total>
        <ProgramServices>23884</ProgramServices>
        <ManagementAndGeneral>2793</ManagementAndGeneral>
        <Fundraising>1828</Fundraising>
      </InformationTechnology>
      <Occupancy>
        <Total>48188</Total>
        <ProgramServices>39685</ProgramServices>
        <ManagementAndGeneral>4395</ManagementAndGeneral>
        <Fundraising>4108</Fundraising>
      </Occupancy>
      <Travel>
        <Total>15411</Total>
        <ProgramServices>12542</ProgramServices>
        <ManagementAndGeneral>2789</ManagementAndGeneral>
        <Fundraising>80</Fundraising>
      </Travel>
      <DepreciationDepletion>
        <Total>1661</Total>
        <ManagementAndGeneral>1661</ManagementAndGeneral>
      </DepreciationDepletion>
      <OtherExpenses>
        <Description>CONFERENCE MEALS, LODGI</Description>
        <Total>94694</Total>
        <ProgramServices>94128</ProgramServices>
        <ManagementAndGeneral>566</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUBCONTRACTORS</Description>
        <Total>50645</Total>
        <ProgramServices>50060</ProgramServices>
        <ManagementAndGeneral>285</ManagementAndGeneral>
        <Fundraising>300</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PRINTING AND PUBLICATIO</Description>
        <Total>25462</Total>
        <ProgramServices>24954</ProgramServices>
        <ManagementAndGeneral>202</ManagementAndGeneral>
        <Fundraising>306</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUPPLIES</Description>
        <Total>17634</Total>
        <ProgramServices>17634</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PUBLICATIONS AND BOOKS</Description>
        <Total>15436</Total>
        <ProgramServices>15436</ProgramServices>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>49883</Total>
        <ProgramServices>44289</ProgramServices>
        <ManagementAndGeneral>3699</ManagementAndGeneral>
        <Fundraising>1895</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>647407</Total>
        <ProgramServices>565857</ProgramServices>
        <ManagementAndGeneral>54380</ManagementAndGeneral>
        <Fundraising>27170</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>71531</BOY>
        <EOY>56047</EOY>
      </CashNonInterestBearing>
      <PledgesAndGrantsReceivable>
        <BOY>45000</BOY>
        <EOY>45000</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>22927</BOY>
        <EOY>14842</EOY>
      </AccountsReceivable>
      <InventoriesForSaleOrUse>
        <BOY>39006</BOY>
        <EOY>39988</EOY>
      </InventoriesForSaleOrUse>
      <LandBuildingsEquipmentBasis>24565</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>18861</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>5984</BOY>
        <EOY>5704</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>109813</BOY>
        <EOY>170696</EOY>
      </InvestmentsPubTradedSecurities>
      <OtherAssetsTotal>
        <BOY>9137</BOY>
        <EOY>9888</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>303398</BOY>
        <EOY>342165</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>22836</BOY>
        <EOY>30273</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>89006</BOY>
        <EOY>53546</EOY>
      </DeferredRevenue>
      <TotalLiabilities>
        <BOY>111842</BOY>
        <EOY>83819</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>52716</BOY>
        <EOY>62924</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>63648</BOY>
        <EOY>111230</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>75192</BOY>
        <EOY>84192</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>191556</BOY>
        <EOY>258346</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>303398</BOY>
        <EOY>342165</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>48794</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>17996</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>142312</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>106469</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>127015</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>170946</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>123897</CurrentTaxYear>
        <Total>670639</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>738784</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>624936</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>518204</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>440020</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>484908</CurrentTaxYear>
        <Total>2806852</Total>
      </GrossReceiptsFromAdmissions>
      <GrossReceiptsFromNonUBI>
        <CurrentTaxYearMinus1Year>51872</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>82056</CurrentTaxYear>
        <Total>133928</Total>
      </GrossReceiptsFromNonUBI>
      <Total509>
        <CurrentTaxYearMinus4Years>881096</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>731405</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>645219</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>662838</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>690861</CurrentTaxYear>
        <Total>3611419</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <Total>0</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <Total>0</Total>
      </AmtsFromSubstContributors>
      <SupportFromDQPsEtc>
        <Total>0</Total>
      </SupportFromDQPsEtc>
      <PublicSupportTotal509>3611419</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>6276</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>11139</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>-49038</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>26249</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>5340</CurrentTaxYear>
        <Total>-34</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>6276</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>11139</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>-49038</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>26249</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>5340</CurrentTaxYear>
        <Total>-34</Total>
      </InvestmentIncomeAndUBTI>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>887372</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>742544</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>596181</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>689087</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>696201</CurrentTaxYear>
        <Total>3611385</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>1.00000</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.97490</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.00000</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.02510</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <CurrentYear>
        <BeginningOfYearBalance>109813</BeginningOfYearBalance>
        <Contributions>39000</Contributions>
        <InvestmentEarningsOrLosses>21883</InvestmentEarningsOrLosses>
        <EndOfYearBalance>170696</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>74956</BeginningOfYearBalance>
        <Contributions>43500</Contributions>
        <InvestmentEarningsOrLosses>21357</InvestmentEarningsOrLosses>
        <OtherExpenditures>30000</OtherExpenditures>
        <EndOfYearBalance>109813</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>126962</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>-52006</InvestmentEarningsOrLosses>
        <EndOfYearBalance>74956</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <PermanentEndowmentEOYBalance>0.51000</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.49000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>24565</OtherCostOrOtherBasis>
        <Depreciation>18861</Depreciation>
        <BookValue>5704</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>5704</TotalOfBookValueLandBuildings>
      <TotalRevenue>696201</TotalRevenue>
      <TotalExpenses>647407</TotalExpenses>
      <ExcessOrDeficitForYear>48794</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>17996</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>17996</TotalAdjustments>
      <ExcessOrDeficitPerFS>66790</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>714197</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>17996</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>17996</RevenueNotRptdF990>
      <RevenueSubtotal>696201</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>696201</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>647407</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>647407</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>647407</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>AUCTIONS</NameOfEvent1>
        <GrossReceiptsEvent1>82056</GrossReceiptsEvent1>
        <GrossRevenueEvent1>82056</GrossRevenueEvent1>
        <TotalNumberOfOtherEvents>1</TotalNumberOfOtherEvents>
        <GrossReceiptsTotal>82056</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>82056</GrossRevenueTotalEvents>
        <NetIncomeSummary>82056</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>JANE GOLDWASSER</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>TRUSTEE</Relationship>
        <AmountOfTransaction>5000</AmountOfTransaction>
        <DescriptionOfTransaction>HER COMPANY SPONSORED SOME SUPPLIES FOR THE CPSI CONFERENCE</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>THE FORM 990 IS PRESENTED TO THE FINANCE COMMITTE OF THE BOARD OF TRUSTEES. THE BOARD REVIEWS AND APPROVES THE RETURN BEFORE FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section B, line 15</ReturnReference>
        <Explanation>THE BOARD OF TRUSTEES RESEARCHES THE COMPENSATION FOR COMPARABLE ORGANIZATIONS VIA THE AMERICAN RESEARCH COMPANY OF GREAT FALLS VIRGINIA "NATIONAL COMPENSATION STUDY - THE ANNUAL SURVEY FOR ASSOCIATION CHIEF STAFF EXECUTIVES" AS WELL AS OTHER INFORMATION AS AVAILABLE AS A GUIDELINE FOR EXECUTIVE COMPENSATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>Form 990, Part VI, Section C, line 19</ReturnReference>
        <Explanation>THE FOUNDATION MAKES ITS FORM 1023, FORM 990 AND FORM 990-T AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VIII, OFFICERS</ReturnReference>
        <Explanation>THE PRESIDENT AND CEO IS A NONVOTING OFFICER</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Changes in Net Assets or Fund Balances:</Identifier>
        <ReturnReference>Form 990, Part XI, line 5:</ReturnReference>
        <Explanation>Net unrealized gains on investments: 17996. UNREALIZED GAINS ON INVESTMENTS</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>