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      <GrantsToDomesticOrgs>
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      <BenefitsToMembers>
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        <ProgramServices>1279000</ProgramServices>
        <ManagementAndGeneral>102000</ManagementAndGeneral>
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        <ManagementAndGeneral>5732000</ManagementAndGeneral>
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        <ProgramServices>232000</ProgramServices>
        <ManagementAndGeneral>60000</ManagementAndGeneral>
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      <TravelEntrtnmntPublicOfficials>
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      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
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        <ProgramServices>1673000</ProgramServices>
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      <OtherExpenses>
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      <OtherExpenses>
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      <InvestmentIncomePercentage>0.04809</InvestmentIncomePercentage>
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        <NamePerson>HARVEY SCHAFFLER</NamePerson>
        <BaseCompensationFilingOrg>219229</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>22079</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>15184</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>256492</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>ROLF KOVENETSKY</NamePerson>
        <BaseCompensationFilingOrg>265340</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>24500</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>15379</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>305219</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>SEVERANCE PAYMENTS</Identifier>
        <ReturnReference>PART I, LINE 4A</ReturnReference>
        <Explanation>MARGIE GANDOLFI: $150,000</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>INITIAL CONTRACT EXCEPTION</Identifier>
        <ReturnReference>PART I, LINE 8</ReturnReference>
        <Explanation>THE TAXPAYER ENTERED INTO A WRITTEN CONTRACT, EFFECTIVE SEPTEMBER 1, 2009, WITH DR. CHRISTOPHER D. HILLYER, ITS PRESIDENT AND CEO, THAT IS SUBJECT TO THE "INITIAL CONTRACT EXCEPTION" AND PROVIDES FOR FIXED, NON-VARIABLE PAYMENTS TO DR. HILLYER DURING THE TERM OF THE CONTRACT.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="IRS990ScheduleL">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>DONALD KENDER</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>FORMER KEY EMPLOYEE</Relationship>
        <AmountOfTransaction>41536</AmountOfTransaction>
        <DescriptionOfTransaction>CONSULTING AGREEMENT</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>PROCESS OF FORM 990 REVIEW BY GOVERNING BODY</Identifier>
        <ReturnReference>Part VI, Line 11A</ReturnReference>
        <Explanation>Following completion of the financial audit, the Form 990 is finalized by management and reviewed by the Audit Committee of the Board. The final Form 990 is then circulated to the full Board for review and approval at its annual meeting.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPLIANCE WITH CONFLICT OF INTEREST POLICY</Identifier>
        <ReturnReference>Part VI, Line 12c</ReturnReference>
        <Explanation>At the beginning of each new fiscal year, and on an as-needed basis, the taxpayer requires all trustees, officers and senior executives to complete and sign a statement disclosing any actual or apparent conflict of interest. The Board will determine whether any conflict of interest exists and, if so, it appoints a disinterested person or committee to investigate and determine how to manage any such conflict. In addition, the taxpayer maintains a general conflict of interest policy that applies to all employees.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PROCESSES FOR DETERMINING COMPENSATION</Identifier>
        <ReturnReference>Part VI, Line 15</ReturnReference>
        <Explanation>The taxpayer's process for determining compensation of its CEO, other officers and key employees included review and approval by the Compensation Committee of the Board, with decisions documented in meeting minutes. For determining compensation of its officers (excluding its CEO) and its key employees, the taxpayer also used analysis by an independent compensation consultant and reference to compensation surveys and comparability data. For the CEO, these additional methods were not used because the taxpayer relied on the initial contract exception in determining compensation.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PUBLIC AVAILABILITY OF INFORMATION</Identifier>
        <ReturnReference>Part VI, Line 19</ReturnReference>
        <Explanation>The taxpayer makes its financial statements available upon request, and its governing documents, Conflict of Interest Policy and Code of Conduct available both upon request and on its public website.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN NET ASSETS</Identifier>
        <ReturnReference>Part XI question 5</ReturnReference>
        <Explanation>Unrealized gain on investments $14,928 Unrealized (loss) on swap agreement (187) -------- $14,741 ========</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE BUSINESS RELATIONSHIP</Identifier>
        <ReturnReference>PART VI SECTION A LINE 2</ReturnReference>
        <Explanation>HARRIET EDELMAN, MICHAEL HODIN, HOWARD MILSTEIN, JOHN ZUCCOTTI: BUSINESS RELATIONSHIP</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>