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        <NameOfStock>9060 shares of CITIGROUP INC C</NameOfStock>
        <EOYBookValue>171220</EOYBookValue>
        <EOYFMV>42854</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3136 shares of NUVEEN MTG OPPORTUNITY TERM FD COM JLS</NameOfStock>
        <EOYBookValue>78363</EOYBookValue>
        <EOYFMV>79975</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LiquidationExplanationStmt documentId="990PF:238" softwareId="10000149" softwareVersion="2010.2.15">
      <Statement>This statement is submitted to report the distribution of certain assets during the above-referenced year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3a1 and the Form 990-PF instructions During the taxable year ending December 31, 2010, Raffi Nina Festekjian Foundation the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 135,892. This amount represents over 25 of the Foundations net assets of 510,228 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2010. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a each such grant was made solely for the charitable purpose specified therein.</Statement>
    </LiquidationExplanationStmt>
    <OtherExpensesSchedule documentId="990PF:79" softwareId="10000149" softwareVersion="2010.2.15">
      <OtherExpenses>
        <Description>Administrative Fees</Description>
        <RevenueAndExpensesPerBooks>6950</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>6950</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="990PF:74" softwareId="10000149" softwareVersion="2010.2.15">
      <OtherIncome>
        <Description>Federal Tax Refund</Description>
        <RevenueAndExpensesPerBooks>1194</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="990PF:77" softwareId="10000149" softwareVersion="2010.2.15">
      <OtherProfessionalFees>
        <Category>Investment Management Services</Category>
        <Amount>1655</Amount>
        <NetInvestmentIncome>1655</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>