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            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11205</ZIPCd>
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      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>MAINTAINING AND PRESERVING THE HEDDA STERNE ART COLLECTION AND ARCHIVES, CATALOGUING, EXPANDING, CONSERVATION, AND REFINING PHYSICAL AND DIGITAL RESOURCES TO FURTHER SUPPORT PUBLIC AND SCHOLARLY RESEARCH AND EXHIBITION.</Description1Txt>
        <Expenses1Amt>535900</Expenses1Amt>
        <Description2Txt>EXPANDING PUBLIC ACCESSIBILITY TO THE ART OF HEDDA STERNE THROUGH PROGRAMS INCLUDING PHOTOGRAPHY AND DIGITIZATION OF ART AND ARCHIVAL MATERIALS IN THE FOUNDATION'S COLLECTION, LOANS OF ARTWORK FROM THE FOUNDATION'S COLLECTION FOR EXHIBITION, THE DEVELOPMENT AND MAINTENANCE OF THE FOUNDATIONS'S WEBSITE AND OTHER DIGITAL INITIATIVES.</Description2Txt>
        <Expenses2Amt>12569</Expenses2Amt>
        <Description3Txt>SUPPORTING SCHOLARSHIP BY MAINTAINING A DEDICATED RESEARCH AND STUDY CENTER, HOSTING VISITING RESEARCHERS, CURATORS, STUDENTS AND COLLEGE CLASS GROUPS, AND BY PROVIDING PHYSICAL AND DIGITAL ACCESS TO THE FOUNDATION'S COLLECTIONS.</Description3Txt>
        <Expenses3Amt>369</Expenses3Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
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        <AverageMonthlyFMVOfSecAmt>7205837</AverageMonthlyFMVOfSecAmt>
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        <DistributableAsAdjustedAmt>381709</DistributableAsAdjustedAmt>
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      <PFQualifyingDistributionsGrp>
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        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
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        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
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      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE CHURCH AT SAG HARBOR</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>48 MADISON STREET</AddressLine1Txt>
            <CityNm>SAG HARBOR</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11963</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>SUPPORT FOR VISUAL ARTISTS IN RESIDENCE</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>VERMONT STUDIO CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>80 PEARL STREET</AddressLine1Txt>
            <CityNm>JOHNSON</CityNm>
            <StateAbbreviationCd>VT</StateAbbreviationCd>
            <ZIPCd>05656</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>HEDDA STERNE FELLOWSHIP AWARD</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YADDO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>312 UNION AVENUE</AddressLine1Txt>
            <CityNm>SARATOGA SPRINGS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12866</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
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          <GrantOrContributionPurposeTxt>SINGLE-YEAR RESIDENCY AWARDED TO VISUAL ARTIST</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
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      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
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        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>229749</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>ROYALTIES</Desc>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>15365</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>448145</ExclusionAmt>
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        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>448145</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
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        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
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    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
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        <CategoryTxt>RETURN PREPARATION AND TAX COMPLIANCE</CategoryTxt>
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        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>24772</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>BOOKKEEPING</CategoryTxt>
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    </AccountingFeesSchedule>
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        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2014-01-14</AcquiredDt>
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        <PriorYearDepreciationAmt>2299</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PRINTER &amp; DRIVE</PropertyDesc>
        <AcquiredDt>2014-01-02</AcquiredDt>
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        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
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        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
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        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE FURN &amp; FIX</PropertyDesc>
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      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
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        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAMERA</PropertyDesc>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>ROUTER</PropertyDesc>
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      <DepreciationPropertyGrp>
        <PropertyDesc>COLLEC FURN &amp; FIX</PropertyDesc>
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      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
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        <PropertyDesc>OFFICE FURN &amp; FIX</PropertyDesc>
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      <DepreciationPropertyGrp>
        <PropertyDesc>STORAGE RACK</PropertyDesc>
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      <DepreciationPropertyGrp>
        <PropertyDesc>STORAGE RACK</PropertyDesc>
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      <DepreciationPropertyGrp>
        <PropertyDesc>STORAGE RACK</PropertyDesc>
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      <DepreciationPropertyGrp>
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      <DepreciationPropertyGrp>
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      <DepreciationPropertyGrp>
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      <DepreciationPropertyGrp>
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      <DepreciationPropertyGrp>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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        <StockNm>PEPSICO INC.</StockNm>
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      <InvestmentsCorporateStockGrp>
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        <StockNm>TEXAS INSTRUMENTS INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>TJX COS INC NEW</StockNm>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
        <StockNm>WCM FOCUSED INTERNATIONAL GROWTH FUND</StockNm>
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        <AccumulatedDepreciationAmt>1270</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
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        <AccumulatedDepreciationAmt>460</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>STORAGE RACK</CategoryOrItemTxt>
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        <AccumulatedDepreciationAmt>740</AccumulatedDepreciationAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>STORAGE RACK</CategoryOrItemTxt>
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        <AccumulatedDepreciationAmt>1435</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>STORAGE RACK</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1270</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1270</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>STORAGE RACK</CategoryOrItemTxt>
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        <AccumulatedDepreciationAmt>845</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>BOOKSHELVES</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1295</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1295</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER</CategoryOrItemTxt>
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        <AccumulatedDepreciationAmt>1221</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
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        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
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        <AccumulatedDepreciationAmt>4696</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>OFFICE FURNITURE</CategoryOrItemTxt>
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        <AccumulatedDepreciationAmt>3465</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>OFFICE FURNITURE</CategoryOrItemTxt>
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        <AccumulatedDepreciationAmt>1067</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>OFFICE FURNITURE</CategoryOrItemTxt>
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        <AccumulatedDepreciationAmt>2398</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
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        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2699</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2699</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
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        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>574</CostOrOtherBasisAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>OFFICE EQUIPMENT</CategoryOrItemTxt>
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        <BookValueAmt>134</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1608</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1300</AccumulatedDepreciationAmt>
        <BookValueAmt>308</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>OFFICE EQUIPMENT</CategoryOrItemTxt>
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        <BookValueAmt>162</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>OFFICE EQUIPMENT</CategoryOrItemTxt>
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        <BookValueAmt>58</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>OFFICE EQUIPMENT</CategoryOrItemTxt>
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        <AccumulatedDepreciationAmt>681</AccumulatedDepreciationAmt>
        <BookValueAmt>162</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>OFFICE EQUIPMENT</CategoryOrItemTxt>
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        <BookValueAmt>95</BookValueAmt>
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        <EOYBookValueAmt>546875</EOYBookValueAmt>
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        <EOYBookValueAmt>11400</EOYBookValueAmt>
        <EOYFMVAmt>11400</EOYFMVAmt>
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        <DisbursementsCharitablePrpsAmt>4132</DisbursementsCharitablePrpsAmt>
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        <DisbursementsCharitablePrpsAmt>12569</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
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        <DisbursementsCharitablePrpsAmt>2460</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>SOFTWARE</Desc>
        <RevenueAndExpensesPerBooksAmt>1164</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1164</DisbursementsCharitablePrpsAmt>
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        <EOYBookValueAmt>3650</EOYBookValueAmt>
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      <OtherLiabilitiesDetail>
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      <OtherLiabilitiesDetail>
        <Desc>DIRECT DEPOSIT PAYABLE</Desc>
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      <OtherProfessionalFeesDetail>
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      <OtherProfessionalFeesDetail>
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