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          <RecipientUSAddress>
            <AddressLine1>418 SW 4 AVENUE</AddressLine1>
            <City>MIAMI</City>
            <State>FL</State>
            <ZIPCode>33130</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>CREATIVE BEGININGS</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1210 NW 7TH AVENUE</AddressLine1>
            <City>MIAMI</City>
            <State>FL</State>
            <ZIPCode>33186</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>ASSOCIATION FOR THE DEVELOPMENT OF</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>2801 N MIAMI AVENUE</AddressLine1>
            <City>MIAMI</City>
            <State>FL</State>
            <ZIPCode>33127</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>MARIAN CENTER</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>15701 NW 37 AVENUE</AddressLine1>
            <City>MIAMI GARDENS</City>
            <State>FL</State>
            <ZIPCode>33054</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PRIVATE</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>ILAC FOUNDATION</RecipientPersonName>
          <RecipientForeignAddress>
            <AddressLine1>CARRETERA DUARTE KM 7 1/2</AddressLine1>
            <City>SANTIAGO</City>
            <ProvinceOrState>Santiago</ProvinceOrState>
            <Country>DR</Country>
            <PostalCode>51000</PostalCode>
          </RecipientForeignAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PRIVATE</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>CAMILLUS HOUSE</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>336 NW 5 STREET</AddressLine1>
            <City>MIAMI</City>
            <State>FL</State>
            <ZIPCode>33128</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>6000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>BOY SCOUTS OF AMERICA</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>15255 NW 82 AVENUE</AddressLine1>
            <City>MIAMI</City>
            <State>FL</State>
            <ZIPCode>33016</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>LIGA CONTRA EL CANCER</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>2180 SW 12 AVENUE</AddressLine1>
            <City>MIAMI</City>
            <State>FL</State>
            <ZIPCode>33129</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PRIVATE</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATIONS</PurposeOfGrantOrContribution>
          <Amount>180000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>AMERICAN CANCER SOCIETY</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>ONE BOWDOIN MILL ISLAND 300</AddressLine1>
            <City>TOPSHAM</City>
            <State>ME</State>
            <ZIPCode>04086</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>REGIS HOUSE</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>2012 NW 7TH STREET</AddressLine1>
            <City>MIAMI</City>
            <State>FL</State>
            <ZIPCode>33125</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>6000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>THE JOSE MARTI FOUNDATION INC</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>2000 NW 92 AVENUE</AddressLine1>
            <City>MIAMI</City>
            <State>FL</State>
            <ZIPCode>33172</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PRIVATE</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>DONATION</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>322245</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <RelatedOrExemptFunctionIncome>260515</RelatedOrExemptFunctionIncome>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <RelatedOrExemptFunctionIncome>95890</RelatedOrExemptFunctionIncome>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>MORTGAGE INT INV PROPERTY</Description>
          <RelatedOrExemptFunctionIncome>13333</RelatedOrExemptFunctionIncome>
        </OtherRevenueDescribed>
        <OtherRevenueDescribed>
          <Description>MIYACO USA INC.</Description>
          <BusinessCode>423000</BusinessCode>
          <UnrelatedBusinessIncomeAmount>31607</UnrelatedBusinessIncomeAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>31607</UnrelatedBusinessIncomeAmount>
          <RelatedOrExemptFunctionIncome>369738</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>401345</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>13</LineNumber>
          <RelationshipStatement>THE INCOME REPORTED ON COLUMN E IS THE SOLE MEANS THE FOUNDATION HAS IN ORDER TO PROVIDE THE NECESSARY ASSETS TO FULFILL ITS OBJECTIVES.</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
      </RlnOfActyToAccomOfExemptPrps>
      <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>5800</Amount>
        <NetInvestmentIncome>5800</NetInvestmentIncome>
        <AdjustedNetIncome>5800</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <InvestmentsCorpBonds>
        <NameOfBond>CORPORATE BONDS # 73804025 SEE ATTACHED</NameOfBond>
        <EOYBookValue>1816453</EOYBookValue>
        <EOYFMV>1943861</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <InvestmentsCorpStock>
        <NameOfStock>EQUITIES # 73804024 SEE ATTACHED</NameOfStock>
        <EOYBookValue>692068</EOYBookValue>
        <EOYFMV>776294</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>EQUITIES # 7380425 SEE ATTACHED</NameOfStock>
        <EOYBookValue>3154678</EOYBookValue>
        <EOYFMV>3502945</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="10000105" softwareVersion="2010v3.2">
      <InvestmentsOther>
        <CategoryOrItem>GOVERMENT SECURITIES # 73804025 SEE ATTA</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>2716575</BookValue>
        <EOYFMV>2811606</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>MIYAKO USA INC 35% SHAREHOLDER</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>515031</BookValue>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <OtherAssets>
        <Description>DISTRIBUTION RECEIVABLE MIYAKO</Description>
        <EOYBookValue>24500</EOYBookValue>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <OtherDecreases>
        <Description>PRIOR PERIOD ADJUSTMENT</Description>
        <Amount>23442</Amount>
      </OtherDecreases>
      <OtherDecreases>
        <Description>NON DEDUCTIBLE K-1 EXPENSES</Description>
        <Amount>6682</Amount>
      </OtherDecreases>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <OtherExpenses>
        <Description>DUES AND MEMBERSHIPS</Description>
        <RevenueAndExpensesPerBooks>495</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>495</NetInvestmentIncome>
        <AdjustedNetIncome>495</AdjustedNetIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>ADMINISTRATIVE EXPENSES</Description>
        <RevenueAndExpensesPerBooks>76805</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>76805</NetInvestmentIncome>
        <AdjustedNetIncome>76805</AdjustedNetIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="10000105" softwareVersion="2010v3.2">
      <OtherIncome>
        <Description>MORTGAGE INT INV PROPERTY</Description>
        <RevenueAndExpensesPerBooks>13333</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>13333</NetInvestmentIncome>
        <AdjustedNetIncome>13333</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>MIYACO USA INC.</Description>
        <RevenueAndExpensesPerBooks>31607</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="10000105" softwareVersion="2010v3.2">
      <Taxes>
        <Category>TAXES</Category>
        <Amount>12539</Amount>
      </Taxes>
      <Taxes>
        <Category>REAL ESTATE TAXES</Category>
        <Amount>134558</Amount>
      </Taxes>
      <Taxes>
        <Category>PENALTIES</Category>
        <Amount>17756</Amount>
      </Taxes>
      <Taxes>
        <Category>LICENSES &amp; TAXES</Category>
        <Amount>626</Amount>
      </Taxes>
      <Taxes>
        <Category>FOREIGN TAXES PAID</Category>
        <Amount>2098</Amount>
        <NetInvestmentIncome>2098</NetInvestmentIncome>
        <AdjustedNetIncome>2098</AdjustedNetIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>