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        <BusinessNameLine1>THE PERMANENT FUND FOR THE WELL-BEING OF VERMONT CHILDREN INC</BusinessNameLine1>
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        <ContributorAddressUS>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="00000004" softwareId="10000104">
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        <Contributions>727111</Contributions>
        <InvestmentEarningsOrLosses>192792</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>596745</GrantsOrScholarships>
        <OtherExpenditures>268254</OtherExpenditures>
        <AdministrativeExpenses>77016</AdministrativeExpenses>
        <EndOfYearBalance>2107134</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>1151518</BeginningOfYearBalance>
        <Contributions>1739614</Contributions>
        <InvestmentEarningsOrLosses>311196</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>775874</GrantsOrScholarships>
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        <AdministrativeExpenses>68189</AdministrativeExpenses>
        <EndOfYearBalance>2129246</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>2201047</BeginningOfYearBalance>
        <Contributions>260057</Contributions>
        <InvestmentEarningsOrLosses>-405692</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>708862</GrantsOrScholarships>
        <OtherExpenditures>126506</OtherExpenditures>
        <AdministrativeExpenses>68526</AdministrativeExpenses>
        <EndOfYearBalance>1151518</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <BoardDesignatedEOYBalance>1.00000</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.00000</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.00000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>true</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>true</AreRelatedOrgsListedScheduleR>
      <Equipment>
        <OtherCostOrOtherBasis>1703</OtherCostOrOtherBasis>
        <Depreciation>1646</Depreciation>
        <BookValue>57</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>57</TotalOfBookValueLandBuildings>
      <OtherSecurities>
        <Description>VT Common Fund Pooled Securities</Description>
        <BookValue>1446623</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>Vermont Investments Pool</Description>
        <BookValue>73460</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>1520083</TotalOfBookValueSecurities>
      <Form990ScheduleDPartXIV>
        <Identifier>Pt V Line 4</Identifier>
        <Explanation>Funds are designated and intended for use in the furtherance</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="00000005" softwareId="10000104">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
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          <BusinessNameLine1>WASHINGTON NE SUP UN</BusinessNameLine1>
        </RecipientNameBusiness>
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          <AddressLine1>PO BOX 470</AddressLine1>
          <City>PLAINFIELD</City>
          <State>VT</State>
          <ZIPCode>05667</ZIPCode>
        </AddressUS>
        <EINOfRecipient>036000883</EINOfRecipient>
        <IRCSection>Municipal</IRCSection>
        <AmountOfCashGrant>6800</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>EVERYBODY WINS VT</BusinessNameLine1>
        </RecipientNameBusiness>
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          <AddressLine1>PO BOX 34</AddressLine1>
          <City>MONTPELIER</City>
          <State>VT</State>
          <ZIPCode>05601</ZIPCode>
        </AddressUS>
        <EINOfRecipient>100002102</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>85271</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>THE DREAM PROGRAM</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 361</AddressLine1>
          <City>WINOOSKI</City>
          <State>VT</State>
          <ZIPCode>05404</ZIPCode>
        </AddressUS>
        <EINOfRecipient>260030908</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>16050</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>THE MENTOR CONNECTOR</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>77 WOODSTOCK AVENUE</AddressLine1>
          <City>RUTLAND</City>
          <State>VT</State>
          <ZIPCode>05701</ZIPCode>
        </AddressUS>
        <EINOfRecipient>651290104</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>38000</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>YOUTH SERVICES INC</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 6008</AddressLine1>
          <City>BRATTLEBORO</City>
          <State>VT</State>
          <ZIPCode>05302</ZIPCode>
        </AddressUS>
        <EINOfRecipient>030287694</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
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        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>OTTAUQUECHEE COMM PARTNERSHIP</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>32 PLEASANT STREET</AddressLine1>
          <City>WOODSTOCK</City>
          <State>VT</State>
          <ZIPCode>05067</ZIPCode>
        </AddressUS>
        <EINOfRecipient>043821026</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>17833</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>UNITED COUNSELING SERVICE OF BENNINGTON CTY</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 588</AddressLine1>
          <City>BENNINGTON</City>
          <State>VT</State>
          <ZIPCode>05201</ZIPCode>
        </AddressUS>
        <EINOfRecipient>030199213</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>17000</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>VOICES FOR VT'S CHILDREN</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 261</AddressLine1>
          <City>MONTPELIER</City>
          <State>VT</State>
          <ZIPCode>05601</ZIPCode>
        </AddressUS>
        <EINOfRecipient>222611535</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>WINDSOR COUNTY PARTNERS</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 101</AddressLine1>
          <City>WINDSOR</City>
          <State>VT</State>
          <ZIPCode>05089</ZIPCode>
        </AddressUS>
        <EINOfRecipient>237399514</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>20000</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>VSA VERMONT</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>20 W CANAL ST 8</AddressLine1>
          <City>WINOOSKI</City>
          <State>VT</State>
          <ZIPCode>05404</ZIPCode>
        </AddressUS>
        <EINOfRecipient>030307529</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>NE KINGDOM LEARNING SVCS</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1 MAIN STREET</AddressLine1>
          <City>NEWPORT</City>
          <State>VT</State>
          <ZIPCode>05855</ZIPCode>
        </AddressUS>
        <EINOfRecipient>223113459</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>24718</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>UNITED CHILDREN'S SVC OF BENNINGTON CTY</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 588</AddressLine1>
          <City>BENNINGTON</City>
          <State>VT</State>
          <ZIPCode>05201</ZIPCode>
        </AddressUS>
        <EINOfRecipient>030348364</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>20919</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>CAMP AGAPE VERMONT INC</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PLO BOX 596</AddressLine1>
          <City>CHARLOTTE</City>
          <State>VT</State>
          <ZIPCode>05445</ZIPCode>
        </AddressUS>
        <EINOfRecipient>263990854</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>SPECTRUM YOUTH &amp; FAMILY SVC</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>31 ELMWOOD AVENUE</AddressLine1>
          <City>BURLINGTON</City>
          <State>VT</State>
          <ZIPCode>05401</ZIPCode>
        </AddressUS>
        <EINOfRecipient>030253232</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>8000</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>BOYS &amp; GIRLS CLUB OF RUTLAND CTY</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 636</AddressLine1>
          <City>RUTLAND</City>
          <State>VT</State>
          <ZIPCode>05701</ZIPCode>
        </AddressUS>
        <EINOfRecipient>031653365</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>7500</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>ADDISON NORTHEAST SUPERVISORY UNION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>15 ORCHARD TERRACE 10</AddressLine1>
          <City>BRISTON</City>
          <State>VT</State>
          <ZIPCode>05443</ZIPCode>
        </AddressUS>
        <EINOfRecipient>036000901</EINOfRecipient>
        <IRCSection>Municipal</IRCSection>
        <AmountOfCashGrant>6000</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>CHITTENDEN SOUTH SUPERVISORY UNION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>5420 SHELBURNE ROAD 300</AddressLine1>
          <City>SHELBURNE</City>
          <State>VT</State>
          <ZIPCode>05482</ZIPCode>
        </AddressUS>
        <EINOfRecipient>030213990</EINOfRecipient>
        <IRCSection>Municipal</IRCSection>
        <AmountOfCashGrant>6000</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>VT COMMUNITY FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO BOX 30</AddressLine1>
          <City>MIDDLEBURY</City>
          <State>VT</State>
          <ZIPCode>05753</ZIPCode>
        </AddressUS>
        <EINOfRecipient>222712160</EINOfRecipient>
        <IRCSection>501(c)(3)</IRCSection>
        <AmountOfCashGrant>258500</AmountOfCashGrant>
        <PurposeOfGrant>Gen Support</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>18</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
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        <Identifier>Pt I Line 2</Identifier>
        <Explanation>The Organization requires financial and programmatic reporting by all grantees to ensure the</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>appropriate use of granted funds.</Explanation>
      </Form990ScheduleIPartIV>
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      <GeneralExplanation>
        <Identifier>Pt VI-A, Line 3</Identifier>
        <Explanation>The Vermont Community Foundation performs customary management</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>duties on behalf of the reporting organization's governing body.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 11a</Identifier>
        <Explanation>Management reviews the Form 990 and related schedules and</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>also provides a copy of the tax return to all Board members.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 12c</Identifier>
        <Explanation>All Board members complete conflict of interest forms annually.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Board members also disclose any possible conflicts of interest</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>if they arise during Board meetings.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-B, Line 15</Identifier>
        <Explanation>The Board of Directors conducts a thorough review of the Executive</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Director's total compensation package, which is compared to that of</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>peers at other similar organizations and foundations.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI-C, Line 19</Identifier>
        <Explanation>The Organization has no formal policy surrounding the public availability</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>of its governing documents, nor has it every received a request for</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>such documents. As the Organization is part of a consolidated</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>set of audited financial statements, no stand-alone financial statements</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>exist. The consolidated financial statements are available</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>at www.vermontcf.org.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt XII, Line 2c</Identifier>
        <Explanation>The Permanent Fund for the Well-Being of Vermont Children, Inc.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>was audited as part of a consolidated audit of the Vermont</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Community Foundation, its supported organization.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt XI, Line 5</Identifier>
        <Explanation>The 2010 change in net assets consists of unrealized net gains of</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>$146,542 in investments held at the Vermont Community Foundation.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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          <BusinessNameLine1>VERMONT COMMUNITY FOUNDATION</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO BOX 30</AddressLine1>
          <City>MIDDLEBURY</City>
          <State>VT</State>
          <ZIPCode>05753</ZIPCode>
        </AddressUS>
        <EIN>222712160</EIN>
        <PrimaryActivities>Supported Organization</PrimaryActivities>
        <LegalDomicileState>VT</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>7</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>true</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>true</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>true</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>GRANTS MADE TO THE VERMONT COMMUNITY FOUNDATION IN FURTHERANCE OF ITS EXEMP</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>b</TransactionType>
        <AmountInvolved>258500</AmountInvolved>
        <MethodOfAmtDetermination>Cash</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>GRANTS RECEIVED FROM THE VERMONT COMMUNITY FOUNDATION ARE AWARDED IN</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>c</TransactionType>
        <AmountInvolved>299051</AmountInvolved>
        <MethodOfAmtDetermination>Cash</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>ORDER TO FURTHER THE REPORTING ORGANIZATION'S STATED MISSION</BusinessNameLine1>
        </NameOfOtherOrganization>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>THE VERMONT COMMUNITY FOUNDATION PERFORM GENERAL MANAGEMENT SERVICES</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>l</TransactionType>
        <AmountInvolved>21079</AmountInvolved>
        <MethodOfAmtDetermination>Cash</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>INCLUDING THE MANAGEMENT OF CASH AND INVESTMENT ACCOUNTS</BusinessNameLine1>
        </NameOfOtherOrganization>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>