﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2009v1.7" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-05-10T16:51:28-07:00</Timestamp>
    <TaxPeriodEndDate>2010-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Johanna E Zimmerman CPA</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>818 North Doheny Drive 207</AddressLine1>
        <City>West Hollywood</City>
        <State>CA</State>
        <ZIPCode>900694857</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2009-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>953979100</EIN>
      <Name>
        <BusinessNameLine1>Max H Gluck Foundation Inc</BusinessNameLine1>
      </Name>
      <NameControl>MAXH</NameControl>
      <Phone>3102766962</Phone>
      <USAddress>
        <AddressLine1>PO Box 55516</AddressLine1>
        <City>Sherman Oaks</City>
        <State>CA</State>
        <ZIPCode>91413</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Jon Kaswick</Name>
      <Title>President</Title>
      <DateSigned>2011-05-10</DateSigned>
    </Officer>
    <Preparer>
      <Name>Johanna E Zimmerman</Name>
      <Phone>3102766962</Phone>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2009</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="11">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation 8453SignatureDocument.2 8453SignatureDocument.3 8453SignatureDocument.4 8453SignatureDocument.5 8453SignatureDocument.6" softwareId="09000047" softwareVersion="2009v1.7">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>97909937</FMVAssetsEOY>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>3827826</ContriReceivedRevAndExpnss>
        <InterestOnSavingsRevAndExpnss>86363</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>86363</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>984097</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>984097</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>830767</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>69829518</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>830767</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>5729053</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>1901227</TotalNetInvestmentIncome>
        <CompOfcrDirTrstRevAndExpnss>58100</CompOfcrDirTrstRevAndExpnss>
        <CompOfcrDirTrstNetInvstIncm>2000</CompOfcrDirTrstNetInvstIncm>
        <CompOfcrDirTrstDsbrsChrtblPrps>52100</CompOfcrDirTrstDsbrsChrtblPrps>
        <OthEmplSlrsWgsRevAndExpnss>38901</OthEmplSlrsWgsRevAndExpnss>
        <OthEmplSlrsWgsDsbrsChrtblPrps>28089</OthEmplSlrsWgsDsbrsChrtblPrps>
        <LegalFeesRevAndExpnss referenceDocumentId=" LegalFeesSchedule">338</LegalFeesRevAndExpnss>
        <LegalFeesNetInvstIncm>338</LegalFeesNetInvstIncm>
        <AccountingFeesRevAndExpnss referenceDocumentId=" AccountingFeesSchedule">165800</AccountingFeesRevAndExpnss>
        <AccountingFeesNetInvstIncm>146765</AccountingFeesNetInvstIncm>
        <AccountingFeesDsbrsChrtblPrps>45085</AccountingFeesDsbrsChrtblPrps>
        <OtherProfFeesRevAndExpnss referenceDocumentId=" OtherProfessionalFeesSchedule">328510</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>328510</OtherProfFeesNetInvstIncm>
        <TaxesRevAndExpnss referenceDocumentId=" TaxesSchedule">28568</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>14468</TaxesNetInvstIncm>
        <DeprecAndDepletionRevAndExpnss referenceDocumentId=" DepreciationSchedule">134</DeprecAndDepletionRevAndExpnss>
        <OccupancyRevAndExpnss>9973</OccupancyRevAndExpnss>
        <OccupancyNetInvstIncm>3989</OccupancyNetInvstIncm>
        <OccupancyDsbrsChrtblPrps>3988</OccupancyDsbrsChrtblPrps>
        <TravConfMeetingRevAndExpnss>12698</TravConfMeetingRevAndExpnss>
        <TravConfMeetingNetInvstIncm>2855</TravConfMeetingNetInvstIncm>
        <TravConfMeetingDsbrsChrtblPrps>7074</TravConfMeetingDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>643022</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>498925</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>136336</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>5031792</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>1934546</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>5674814</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>498925</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>2070882</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>54239</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>1402302</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>11029171</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>26441106</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>26441106</SavingsAndTempCashInvstEOYFMV>
        <AccountsReceivable>1750219</AccountsReceivable>
        <AccountsReceivableBOY>217242</AccountsReceivableBOY>
        <AccountsReceivableEOY>1750219</AccountsReceivableEOY>
        <AccountsReceivableEOYFMV>1750219</AccountsReceivableEOYFMV>
        <GrantsReceivableBOY>63327021</GrantsReceivableBOY>
        <GrantsReceivableEOY>8183950</GrantsReceivableEOY>
        <GrantsReceivableEOYFMV>8183950</GrantsReceivableEOYFMV>
        <PrepaidExpensesBOY>25200</PrepaidExpensesBOY>
        <PrepaidExpensesEOY>11100</PrepaidExpensesEOY>
        <PrepaidExpensesEOYFMV>11100</PrepaidExpensesEOYFMV>
        <InvestmentsGovtObligBOY>11647245</InvestmentsGovtObligBOY>
        <InvestmentsGovtObligEOY>16535011</InvestmentsGovtObligEOY>
        <InvestmentsGovtObligEOYFMV>16535011</InvestmentsGovtObligEOYFMV>
        <InvestmentsCorpStockEOY>17441600</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>17441600</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>9192713</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY>8597811</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>8597811</InvestmentsCorpBondsEOYFMV>
        <InvestmentsOtherBOY>238813</InvestmentsOtherBOY>
        <InvestmentsOtherEOY>18948316</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>18948316</InvestmentsOtherEOYFMV>
        <LandBuildingAndEquipmentBasis>4825</LandBuildingAndEquipmentBasis>
        <AccumDeprecLandBldgAndEquip>4001</AccumDeprecLandBldgAndEquip>
        <LandBuildingAndEquipmentBOY>958</LandBuildingAndEquipmentBOY>
        <LandBuildingAndEquipmentEOY referenceDocumentId=" LandEtcSchedule2">824</LandBuildingAndEquipmentEOY>
        <LandBuildingAndEquipmentEOYFMV>824</LandBuildingAndEquipmentEOYFMV>
        <TotalAssetsBOY>95678363</TotalAssetsBOY>
        <TotalAssetsEOY>97909937</TotalAssetsEOY>
        <TotalAssetsEOYFMV>97909937</TotalAssetsEOYFMV>
        <AccountsPayableBOY>315551</AccountsPayableBOY>
        <AccountsPayableEOY>198384</AccountsPayableEOY>
        <GrantsPayableBOY>1935359</GrantsPayableBOY>
        <GrantsPayableEOY>5033605</GrantsPayableEOY>
        <TotalLiabilitiesBOY>2250910</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>5231989</TotalLiabilitiesEOY>
        <OrgThatFollowSFAS117>X</OrgThatFollowSFAS117>
        <UnrestrictedBOY>30100432</UnrestrictedBOY>
        <UnrestrictedEOY>88321824</UnrestrictedEOY>
        <TemporarilyRestrictedBOY>63327021</TemporarilyRestrictedBOY>
        <TemporarilyRestrictedEOY>4356124</TemporarilyRestrictedEOY>
        <TotalNetAssetsBOY>93427453</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>92677948</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>95678363</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>97909937</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>93427453</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>54239</ExcessOfRevenueOverExpenses>
        <Subtotal>93481692</Subtotal>
        <OtherDecreases referenceDocumentId=" OtherDecreasesSchedule">803744</OtherDecreases>
        <TotalNetAssetsFundBalancesEOY>92677948</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>See schedules attached</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-07-01</DateAcquired>
          <DateSold>2010-06-30</DateSold>
          <GrossSalesPrice>69829518</GrossSalesPrice>
          <CostOrOtherBasis>68998751</CostOrOtherBasis>
          <GainOrLoss>830767</GainOrLoss>
          <GainsMinusExcessOrLosses>830767</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>830767</CapitalGainNetIncome>
        <NetShortTermCapitalGainOrLoss>830767</NetShortTermCapitalGainOrLoss>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>2567647</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>35098352</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.07316</DistributionRatioYear1>
        <QualifyingDistributionsYear2>2653033</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>47458759</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.05590</DistributionRatioYear2>
        <QualifyingDistributionsYear3>2942848</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>48353098</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.06086</DistributionRatioYear3>
        <QualifyingDistributionsYear4>2051694</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>46458322</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.04416</DistributionRatioYear4>
        <QualifyingDistributionsYear5>2535853</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>45739972</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.05544</DistributionRatioYear5>
        <TotalDistributionRatio>0.28952</TotalDistributionRatio>
        <AverageDistributionRatio>0.05791</AverageDistributionRatio>
        <NetNoncharitableAssets>34076517</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>1973201</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>14023</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>1987224</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>2070882</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>14023</InvestmentIncomeExciseTax>
        <Subtotal>14023</Subtotal>
        <TaxBasedOnInvestmentIncome>14023</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>23064</EstTaxPaymentsAndOverpayment>
        <TaxPaidWithExtension>90000</TaxPaidWithExtension>
        <TotalCreditsAndPayments>113064</TotalCreditsAndPayments>
        <Form2220Attached referenceDocumentId=" IRS2220">X</Form2220Attached>
        <Overpayment>99041</Overpayment>
        <AmountCreditedToNextYear>99041</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <Form990TFiled>false</Form990TFiled>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>CA</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors referenceDocumentId=" SubstantialContributorsSchedul">true</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>gluckfoundation.org</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>Johanna E Zimmerman CPA</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>3102766962</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>818 North Doheny Drive 207</AddressLine1>
          <City>West Hollywood</City>
          <State>CA</State>
          <ZIPCode>900694857</ZIPCode>
        </BooksInCareOfUSAddress>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>true</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <ActsFailToQualifyAsExceptions>false</ActsFailToQualifyAsExceptions>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <TrFailToQualifyAsExceptions>false</TrFailToQualifyAsExceptions>
        <MaintExpendResponsibility>false</MaintExpendResponsibility>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>false</ProceedsOrNetIncome>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Camilla Townsend</PersonName>
          <USAddress>
            <AddressLine1>2019 West 35th Street</AddressLine1>
            <City>San Pedro</City>
            <State>CA</State>
            <ZIPCode>90732</ZIPCode>
          </USAddress>
          <Title>Executive Dir</Title>
          <AvgHoursPerWkDevotedToPosition>6.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>48600</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Betty S Shelhamer</PersonName>
          <USAddress>
            <AddressLine1>P O Box 55516</AddressLine1>
            <City>Sherman Oaks</City>
            <State>CA</State>
            <ZIPCode>91413</ZIPCode>
          </USAddress>
          <Title>Director</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Julie Kaswick</PersonName>
          <USAddress>
            <AddressLine1>P O Box 55516</AddressLine1>
            <City>Sherman Oaks</City>
            <State>CA</State>
            <ZIPCode>91413</ZIPCode>
          </USAddress>
          <Title>Director</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Jennifer Kaswick</PersonName>
          <USAddress>
            <AddressLine1>P O Box 55516</AddressLine1>
            <City>Sherman Oaks</City>
            <State>CA</State>
            <ZIPCode>91413</ZIPCode>
          </USAddress>
          <Title>Director</Title>
          <AvgHoursPerWkDevotedToPosition>0.50</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Richard Reinis</PersonName>
          <USAddress>
            <AddressLine1>2121 Ave of the Stars Ste 900</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90067</ZIPCode>
          </USAddress>
          <Title>Secretary</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>1500</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Jon A Kaswick MD</PersonName>
          <USAddress>
            <AddressLine1>P O Box 55516</AddressLine1>
            <City>Sherman Oaks</City>
            <State>CA</State>
            <ZIPCode>91413</ZIPCode>
          </USAddress>
          <Title>President</Title>
          <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompensationOfHghstPaidCntrct>
          <BusinessName referenceDocumentId=" ContractorProfExpln">
            <BusinessNameLine1>Johanna E Zimmerman CPA</BusinessNameLine1>
          </BusinessName>
          <USAddress>
            <AddressLine1>818 North Doheny Drive 207</AddressLine1>
            <City>West Hollywood</City>
            <State>CA</State>
            <ZIPCode>900694857</ZIPCode>
          </USAddress>
          <TypeOfService>Acctg/tax services</TypeOfService>
          <Compensation>139750</Compensation>
        </CompensationOfHghstPaidCntrct>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>34579436</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>16013</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>34595449</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AdjTotalFMVOfUnusedAssets>34595449</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>518932</CashDeemedCharitable>
        <NetNoncharitableAssets>34076517</NetNoncharitableAssets>
        <MinimumInvestmentReturn>1703826</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>1703826</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>14023</TaxBasedOnInvestmentIncome>
        <TotalTax>14023</TotalTax>
        <DistributableAmountBeforeAdj>1689803</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>1689803</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>1689803</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>2070882</ExpensesAndContributions>
        <QualifyingDistributions>2070882</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>14023</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>2056859</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>1689803</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear5>328235</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear3>593575</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>358222</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>858681</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>2138713</TotalExcessDistriCarryover>
        <QualifyingDistributions>2070882</QualifyingDistributions>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>1689803</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>381079</RemainingDistriFromCorpus>
        <TotalCorpus>2519792</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovFromYear5>328235</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>2191557</ExcessDistriCyovToNextYear>
        <ExcessFromYear3>593575</ExcessFromYear3>
        <ExcessFromYear2>358222</ExcessFromYear2>
        <ExcessFromYear1>858681</ExcessFromYear1>
        <ExcessFromCurrentYear>381079</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Regents of UC-Riverside</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>900 University Ave/3143 HMNSS</AddressLine1>
            <City>Riverside</City>
            <State>CA</State>
            <ZIPCode>92521</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Music education/student fellowships</PurposeOfGrantOrContribution>
          <Amount>489931</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Los Angeles Co HS for the Arts</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>5151 State University 1204</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90032</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <PurposeOfGrantOrContribution>Arts education</PurposeOfGrantOrContribution>
          <Amount>55000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>The Coburn School</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>200 S Grand Ave</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90012</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Summer Encounter arts education program</PurposeOfGrantOrContribution>
          <Amount>45000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Orange Co HS of the Arts Fdtn</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1010 N Main Street</AddressLine1>
            <City>Santa Ana</City>
            <State>CA</State>
            <ZIPCode>92701</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Support community service arts programs</PurposeOfGrantOrContribution>
          <Amount>62000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Nat Hist Museum LA Co</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>900 Exposition Blvd</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90007</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Space science education truck for LAUSD.</PurposeOfGrantOrContribution>
          <Amount>103912</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Los Angeles Co Museum of Art</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>5905 Wilshire Blvd</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90036</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Maya art truck/art education LAUSD.</PurposeOfGrantOrContribution>
          <Amount>217115</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Regents of UC-Los Angeles</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>2539 Schoenberg Hall</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90095</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Music Education/Student fellowships.</PurposeOfGrantOrContribution>
          <Amount>457500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Nat Hist Museum LA Co</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>900 Exposition Blvd</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90007</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Marine Science Education Truck for LAUSD science program.</PurposeOfGrantOrContribution>
          <Amount>99666</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>Nat Hist Museum LA Co</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>900 Exposition Blvd</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90007</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Earth science truck for LAUSD science education.</PurposeOfGrantOrContribution>
          <Amount>104422</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>The Juilliard School</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>60 Lincoln Center</AddressLine1>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10023</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Student fellowship program</PurposeOfGrantOrContribution>
          <Amount>250000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>San Diego Opera</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1200 3rd Avenue</AddressLine1>
            <City>San Diego</City>
            <State>CA</State>
            <ZIPCode>92101</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>None</RecipientRelationship>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Opera outreach programs</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>1934546</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>86363</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>984097</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>830767</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>1901227</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>1901227</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>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="09000047" softwareVersion="2009v1.7">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>Muriel S Gluck Living Trust</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>818 North Doheny Drive 207</AddressLine1>
          <City>West Hollywood</City>
          <State>CA</State>
          <ZIPCode>900694857</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>3827826</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="09000047" softwareVersion="2009v1.7">
      <AccountingFees>
        <Category>Audit fees</Category>
        <Amount>26050</Amount>
        <NetInvestmentIncome>14125</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>11925</DisbursementsCharitablePrps>
      </AccountingFees>
      <AccountingFees>
        <Category>Accounting fees</Category>
        <Amount>139750</Amount>
        <NetInvestmentIncome>132640</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>33160</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <ContractorCompensationExpln documentId="ContractorProfExpln" softwareId="09000047" softwareVersion="2009v1.7">
      <ContractorCompExplanation>
        <ContractorNameBusiness>
          <BusinessNameLine1>Johanna E Zimmerman CPA</BusinessNameLine1>
        </ContractorNameBusiness>
        <Explanation>Responsible for all accounting, payroll, and tax functions. Analyzes grantee reports and recommends appropriate action for problems.</Explanation>
      </ContractorCompExplanation>
    </ContractorCompensationExpln>
    <DepreciationSchedule documentId="DepreciationSchedule" softwareId="09000047" softwareVersion="2009v1.7">
      <Depreciation>
        <DescriptionOfProperty>Office Filing Cabinets</DescriptionOfProperty>
        <DateAcquired>2006-08-24</DateAcquired>
        <CostOrOtherBasis>1337</CostOrOtherBasis>
        <PriorYearsDepreciation>134</PriorYearsDepreciation>
        <ComputationMethod>91</ComputationMethod>
        <Life>10.0000</Life>
        <CurrentYearExpense>134</CurrentYearExpense>
      </Depreciation>
    </DepreciationSchedule>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="09000047" softwareVersion="2009v1.7">
      <LandEtc>
        <CategoryOrItem>Furniture and Fixtures</CategoryOrItem>
        <CostOrOtherBasis>4825</CostOrOtherBasis>
        <AccumulatedDepreciation>4001</AccumulatedDepreciation>
        <BookValue>824</BookValue>
        <EOYFMV>824</EOYFMV>
      </LandEtc>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="09000047" softwareVersion="2009v1.7">
      <LegalFees>
        <Category>Legal fees</Category>
        <Amount>338</Amount>
        <NetInvestmentIncome>338</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </LegalFees>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule" softwareId="09000047" softwareVersion="2009v1.7">
      <OtherDecreases>
        <Description>Net unrealized gain/loss on investments</Description>
        <Amount>803744</Amount>
      </OtherDecreases>
    </OtherDecreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="09000047" softwareVersion="2009v1.7">
      <OtherProfessionalFees>
        <Category>Investment advisory fees</Category>
        <Amount>328510</Amount>
        <NetInvestmentIncome>328510</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <SubstantialContributorsSch documentId="SubstantialContributorsSchedul" softwareId="09000047" softwareVersion="2009v1.7">
      <SubstantialContributor>
        <PersonName>Muriel S Gluck Living Trust</PersonName>
        <USAddress>
          <AddressLine1>818 North Doheny Drive 207</AddressLine1>
          <City>West Hollywood</City>
          <State>CA</State>
          <ZIPCode>900694857</ZIPCode>
        </USAddress>
      </SubstantialContributor>
    </SubstantialContributorsSch>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="09000047" softwareVersion="2009v1.7">
      <Taxes>
        <Category>State filing fee</Category>
        <Amount>310</Amount>
        <NetInvestmentIncome>310</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>Foreign tax withheld on dividends</Category>
        <Amount>14158</Amount>
        <NetInvestmentIncome>14158</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>Excise taxes</Category>
        <Amount>14100</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>