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        <TitleTxt>Director</TitleTxt>
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        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <TotalReportableCompFromOrgAmt>0</TotalReportableCompFromOrgAmt>
      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>0</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>0</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>0</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>0</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <CntrctRcvdGreaterThan100KCnt>0</CntrctRcvdGreaterThan100KCnt>
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      <TotalContributionsAmt>110093</TotalContributionsAmt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>71285</TotalRevenueColumnAmt>
        <ExclusionAmt>71285</ExclusionAmt>
      </InvestmentIncomeGrp>
      <GrossAmountSalesAssetsGrp>
        <SecuritiesAmt>552211</SecuritiesAmt>
      </GrossAmountSalesAssetsGrp>
      <LessCostOthBasisSalesExpnssGrp>
        <SecuritiesAmt>466223</SecuritiesAmt>
      </LessCostOthBasisSalesExpnssGrp>
      <GainOrLossGrp>
        <SecuritiesAmt>85988</SecuritiesAmt>
      </GainOrLossGrp>
      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>85988</TotalRevenueColumnAmt>
        <ExclusionAmt>85988</ExclusionAmt>
      </NetGainOrLossInvestmentsGrp>
      <OtherRevenueMiscGrp>
        <Desc>Other income</Desc>
        <BusinessCd>900099</BusinessCd>
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        <ExclusionAmt>2060</ExclusionAmt>
      </OtherRevenueMiscGrp>
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      <TotalRevenueGrp>
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        <RelatedOrExemptFuncIncomeAmt>0</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>159333</ExclusionAmt>
      </TotalRevenueGrp>
      <GrantsToDomesticIndividualsGrp>
        <TotalAmt>90250</TotalAmt>
        <ProgramServicesAmt>90250</ProgramServicesAmt>
      </GrantsToDomesticIndividualsGrp>
      <FeesForServicesAccountingGrp>
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        <ManagementAndGeneralAmt>3500</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
      <InsuranceGrp>
        <TotalAmt>5407</TotalAmt>
        <ManagementAndGeneralAmt>5407</ManagementAndGeneralAmt>
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      <OtherExpensesGrp>
        <Desc>Secretarial expense</Desc>
        <TotalAmt>8160</TotalAmt>
        <ManagementAndGeneralAmt>8160</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>Bad debt expense</Desc>
        <TotalAmt>6500</TotalAmt>
        <ProgramServicesAmt>6500</ProgramServicesAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>All other</Desc>
        <TotalAmt>2040</TotalAmt>
        <ManagementAndGeneralAmt>2040</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>Fundraising expense</Desc>
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        <FundraisingAmt>669</FundraisingAmt>
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      <AllOtherExpensesGrp>
        <TotalAmt>310</TotalAmt>
        <ProgramServicesAmt>310</ProgramServicesAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
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        <ProgramServicesAmt>97060</ProgramServicesAmt>
        <ManagementAndGeneralAmt>19107</ManagementAndGeneralAmt>
        <FundraisingAmt>669</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
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        <EOYAmt>247637</EOYAmt>
      </CashNonInterestBearingGrp>
      <SavingsAndTempCashInvstGrp>
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      </SavingsAndTempCashInvstGrp>
      <OthNotesLoansReceivableNetGrp>
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        <EOYAmt>364225</EOYAmt>
      </OthNotesLoansReceivableNetGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>2481</BOYAmt>
        <EOYAmt>2257</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <InvestmentsPubTradedSecGrp>
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        <EOYAmt>3521901</EOYAmt>
      </InvestmentsPubTradedSecGrp>
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        <BOYAmt>493253</BOYAmt>
        <EOYAmt>524910</EOYAmt>
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      <TotalAssetsGrp>
        <BOYAmt>4229877</BOYAmt>
        <EOYAmt>4660930</EOYAmt>
      </TotalAssetsGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>0</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
      <NoDonorRestrictionNetAssetsGrp>
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        <EOYAmt>4142447</EOYAmt>
      </NoDonorRestrictionNetAssetsGrp>
      <DonorRestrictionNetAssetsGrp>
        <BOYAmt>485750</BOYAmt>
        <EOYAmt>518483</EOYAmt>
      </DonorRestrictionNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
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        <EOYAmt>4660930</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>4229877</BOYAmt>
        <EOYAmt>4660930</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <InfoInScheduleOPartXIInd>X</InfoInScheduleOPartXIInd>
      <ReconcilationRevenueExpnssAmt>152590</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>267184</NetUnrlzdGainsLossesInvstAmt>
      <InvestmentExpenseAmt>-21454</InvestmentExpenseAmt>
      <OtherChangesInNetAssetsAmt>32733</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>1</AccountantCompileOrReviewInd>
      <AcctCompileOrReviewBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </AcctCompileOrReviewBasisGrp>
      <FSAuditedInd>0</FSAuditedInd>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
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      <GiftsGrantsContriRcvd170Grp>
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        <CurrentTaxYearMinus3YearsAmt>85944</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>31718</CurrentTaxYearMinus2YearsAmt>
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        <CurrentTaxYearAmt>110093</CurrentTaxYearAmt>
        <TotalAmt>307973</TotalAmt>
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      <TotalCalendarYear170Grp>
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        <CurrentTaxYearMinus2YearsAmt>31718</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>34878</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>110093</CurrentTaxYearAmt>
        <TotalAmt>307973</TotalAmt>
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      <PublicSupportTotal170Amt>307973</PublicSupportTotal170Amt>
      <GrossInvestmentIncome170Grp>
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        <CurrentTaxYearMinus3YearsAmt>77518</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>80423</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>69911</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>71285</CurrentTaxYearAmt>
        <TotalAmt>376056</TotalAmt>
      </GrossInvestmentIncome170Grp>
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      <PublicSupportCY170Pct>0.45020</PublicSupportCY170Pct>
      <PublicSupportPY170Pct>0.40560</PublicSupportPY170Pct>
      <ThirtyThrPctSuprtTestsCY170Ind>X</ThirtyThrPctSuprtTestsCY170Ind>
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        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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        <InvestmentEarningsOrLossesAmt>56599</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>16500</GrantsOrScholarshipsAmt>
        <EndYearBalanceAmt>485750</EndYearBalanceAmt>
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      <CYMinus2YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>392958</BeginningYearBalanceAmt>
        <InvestmentEarningsOrLossesAmt>68693</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>16000</GrantsOrScholarshipsAmt>
        <EndYearBalanceAmt>445651</EndYearBalanceAmt>
      </CYMinus2YrEndwmtFundGrp>
      <CYMinus3YrEndwmtFundGrp>
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        <InvestmentEarningsOrLossesAmt>-37721</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>16000</GrantsOrScholarshipsAmt>
        <EndYearBalanceAmt>392958</EndYearBalanceAmt>
      </CYMinus3YrEndwmtFundGrp>
      <CYMinus4YrEndwmtFundGrp>
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        <InvestmentEarningsOrLossesAmt>50885</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>16000</GrantsOrScholarshipsAmt>
        <EndYearBalanceAmt>446679</EndYearBalanceAmt>
      </CYMinus4YrEndwmtFundGrp>
      <TermEndowmentBalanceEOYPct>1.00000</TermEndowmentBalanceEOYPct>
      <EndowmentsHeldUnrelatedOrgInd>0</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>0</EndowmentsHeldRelatedOrgInd>
      <TotalBookValueLandBuildingsAmt>0</TotalBookValueLandBuildingsAmt>
      <OtherAssetsOrgGrp>
        <Desc>Beneficial interest in perpetual trust</Desc>
        <BookValueAmt>518483</BookValueAmt>
      </OtherAssetsOrgGrp>
      <OtherAssetsOrgGrp>
        <Desc>Accrued interest receivable</Desc>
        <BookValueAmt>6427</BookValueAmt>
      </OtherAssetsOrgGrp>
      <TotalBookValueOtherAssetsAmt>524910</TotalBookValueOtherAssetsAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>1</GrantRecordsMaintainedInd>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>Grants, none exceeding $5,000</GrantTypeTxt>
        <CashGrantAmt>90250</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I, Line 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>Grants are paid directly to colleges to ensure the proper use of funds.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, line 7a</FormAndLineReferenceDesc>
        <ExplanationTxt>Certain Board members related to the Pennsbury School District are automatically appointed to the Foundation Board as enumerated in the Foundation's by-laws.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section A, line 8b</FormAndLineReferenceDesc>
        <ExplanationTxt>Some committees do not keep minutes of their recommendations approved by the Board of Directors.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>The Form 990 is reviewed by the Treasurer prior to filing. The Form 990 is provided to the Board after filing.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person, has received a copy of the policy, read and understands the policy, and agrees to comply with policy.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section C, line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>Governing documents, conflict of interest policy and financial statements are available to the public upon request.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part XI, line 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>Change in beneficial interest in perpetual trust 32,733.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>
