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          <DateSold>2010-02-05</DateSold>
          <GrossSalesPrice>32710</GrossSalesPrice>
          <CostOrOtherBasis>27641</CostOrOtherBasis>
          <GainOrLoss>5069</GainOrLoss>
          <GainsMinusExcessOrLosses>5069</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>850 MEAD JOHNSON NUTRITION</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
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          <DateSold>2010-01-26</DateSold>
          <GrossSalesPrice>37137</GrossSalesPrice>
          <CostOrOtherBasis>27094</CostOrOtherBasis>
          <GainOrLoss>10043</GainOrLoss>
          <GainsMinusExcessOrLosses>10043</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1153 BRISTOL-MYERS SQUIBB CO</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-02-25</DateAcquired>
          <DateSold>2010-01-26</DateSold>
          <GrossSalesPrice>28044</GrossSalesPrice>
          <CostOrOtherBasis>23202</CostOrOtherBasis>
          <GainOrLoss>4842</GainOrLoss>
          <GainsMinusExcessOrLosses>4842</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>47802</CapitalGainNetIncome>
        <NetShortTermCapitalGainOrLoss>10020</NetShortTermCapitalGainOrLoss>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>242672</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>8496330</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.02856</DistributionRatioYear1>
        <QualifyingDistributionsYear2>238291</QualifyingDistributionsYear2>
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        <QualifyingDistributionsYear3>250</QualifyingDistributionsYear3>
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        <QualifyingDistributionsYear4>166159</QualifyingDistributionsYear4>
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        <NetNoncharitableAssets>8907075</NetNoncharitableAssets>
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      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
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        <Subtotal>4562</Subtotal>
        <TaxBasedOnInvestmentIncome>4562</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>4704</EstTaxPaymentsAndOverpayment>
        <TaxPaidWithExtension>7296</TaxPaidWithExtension>
        <TotalCreditsAndPayments>12000</TotalCreditsAndPayments>
        <Overpayment>7438</Overpayment>
        <AmountCreditedToNextYear>7438</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>NY</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>THE FOUNDATION</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>2127522670</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>C/O BENENSON 20 WEST 55TH STREET</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10019</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
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      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</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>
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        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>false</ProceedsOrNetIncome>
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            <State>NY</State>
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        <OfcrDirTrusteesOrKeyEmployee>
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          <USAddress>
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            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11229</ZIPCode>
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          <Title>TREASURER</Title>
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        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>LISA QUATTROCCHI</PersonName>
          <USAddress>
            <AddressLine1>941 PARK AVENUE</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10028</ZIPCode>
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          <Title>SECRETARY</Title>
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          <Compensation>0</Compensation>
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        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
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        <AvgMonthlyCashBalances>134960</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>5775724</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>9042716</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AdjTotalFMVOfUnusedAssets>9042716</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>135641</CashDeemedCharitable>
        <NetNoncharitableAssets>8907075</NetNoncharitableAssets>
        <MinimumInvestmentReturn>445354</MinimumInvestmentReturn>
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        <MinimumInvestmentReturn>445354</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>4562</TaxBasedOnInvestmentIncome>
        <TotalTax>4562</TotalTax>
        <DistributableAmountBeforeAdj>440792</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>440792</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>440792</DistributableAmountAsAdjusted>
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      <QualifyingDistributions>
        <ExpensesAndContributions>429282</ExpensesAndContributions>
        <QualifyingDistributions>429282</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>4562</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>424720</AdjQualifyingDistributions>
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      <UndistributedIncome>
        <DistributableAmountAsAdjusted>440792</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>413485</UndistributedIncomePriorYear>
        <QualifyingDistributions>429282</QualifyingDistributions>
        <AppliedToYear1>413485</AppliedToYear1>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>15797</AppliedToCurrentYear>
        <UndistributedIncomeCY>424995</UndistributedIncomeCY>
      </UndistributedIncome>
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>PER SCHEDULE ATTACHED</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>VARIOUS ADDRESSES ALL IN THE USA</AddressLine1>
            <City>VARIOUS</City>
            <State>NY</State>
            <ZIPCode>10019</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE IN ALL CASES</RecipientRelationship>
          <PurposeOfGrantOrContribution>ALL DONATIONS ARE MADE TO PUBLIC CHARITIES OPERATING IN VARIOUS FIELDS</PurposeOfGrantOrContribution>
          <Amount>427200</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>427200</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <RelatedOrExemptFunctionIncome>14301</RelatedOrExemptFunctionIncome>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <RelatedOrExemptFunctionIncome>85220</RelatedOrExemptFunctionIncome>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <RelatedOrExemptFunctionIncome>47802</RelatedOrExemptFunctionIncome>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>INCOME FROM L.L.C.'S</Description>
          <ExclusionCode>41</ExclusionCode>
          <ExclusionAmount>310930</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>310930</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>147323</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>458253</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <AccountingFees>
        <Category>ACCOUNTING FEES</Category>
        <Amount>832</Amount>
        <NetInvestmentIncome>832</NetInvestmentIncome>
        <AdjustedNetIncome>832</AdjustedNetIncome>
        <DisbursementsCharitablePrps>832</DisbursementsCharitablePrps>
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    </AccountingFeesSchedule>
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      <OtherAssets>
        <Description>EXCHANGES</Description>
        <BOYBookValue>150</BOYBookValue>
        <EOYBookValue>150</EOYBookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>EHB REAL ESTATE ASSOCIATES LLC</Description>
        <BOYBookValue>8203743</BOYBookValue>
        <EOYBookValue>7977549</EOYBookValue>
        <EOYFMV>3714595</EOYFMV>
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      <OtherAssets>
        <Description>3310 HULL AVENUE ASSOCIATES LLC</Description>
        <BOYBookValue>241141</BOYBookValue>
        <EOYBookValue>191432</EOYBookValue>
        <EOYFMV>1052881</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>1447 MACOMBS ROAD SSOCIATES LLC</Description>
        <BOYBookValue>177770</BOYBookValue>
        <EOYBookValue>233844</EOYBookValue>
        <EOYFMV>1008248</EOYFMV>
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    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <OtherDecreases>
        <Description>NON DEDUCTABLE EXPENSES</Description>
        <Amount>9</Amount>
      </OtherDecreases>
      <OtherDecreases>
        <Description>FEDERAL INCOME TAX PROVISION</Description>
        <Amount>4818</Amount>
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    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <OtherExpenses>
        <Description>FOREIGN TAX WITHHELD</Description>
        <RevenueAndExpensesPerBooks>1195</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1195</NetInvestmentIncome>
        <AdjustedNetIncome>1195</AdjustedNetIncome>
        <DisbursementsCharitablePrps>1195</DisbursementsCharitablePrps>
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      <OtherExpenses>
        <Description>ADR FEES</Description>
        <RevenueAndExpensesPerBooks>55</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>55</NetInvestmentIncome>
        <AdjustedNetIncome>55</AdjustedNetIncome>
        <DisbursementsCharitablePrps>55</DisbursementsCharitablePrps>
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    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="10000105" softwareVersion="2010v3.2">
      <OtherIncome>
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  </ReturnData>
</Return>