﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-08-22T14:53:46-04:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>200436877</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>STEFFORIA PETIK &amp; CARLSON CPAS</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>2178 S STATE ST STE D</AddressLine1Txt>
        <CityNm>ANN ARBOR</CityNm>
        <StateAbbreviationCd>MI</StateAbbreviationCd>
        <ZIPCd>481048107</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>261924834</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE CHANG FAMILY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>CHAN</BusinessNameControlTxt>
      <PhoneNum>7349969200</PhoneNum>
      <USAddress>
        <AddressLine1Txt>77 ENTERPRISE DRIVE</AddressLine1Txt>
        <CityNm>ANN ARBOR</CityNm>
        <StateAbbreviationCd>MI</StateAbbreviationCd>
        <ZIPCd>48103</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>SHARON CHANG</PersonNm>
      <PersonTitleTxt>DIRECTOR</PersonTitleTxt>
      <PhoneNum>7349969200</PhoneNum>
      <SignatureDt>2024-08-21</SignatureDt>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>TIMOTHY PETIK</PreparerPersonNm>
      <PTIN>P00037527</PTIN>
      <PhoneNum>7347478863</PhoneNum>
      <PreparationDt>2024-08-21</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-08-08 14:25:15Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="RetDoc8">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>0</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>260000</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>41522</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>41522</InterestOnSavNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="RetDoc2">-67755</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>31033</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>15581</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>233767</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>57103</TotalNetInvstIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc7">10791</OtherProfFeesRevAndExpnssAmt>
        <TotOprExpensesRevAndExpnssAmt>10791</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>104200</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>104200</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>114991</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>104200</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>118776</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>57103</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>653880</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>371995</SavAndTempCashInvstEOYAmt>
        <CorporateStockBOYAmt>1450919</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc3">1924271</CorporateStockEOYAmt>
        <TotalAssetsBOYAmt>2104799</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2296266</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>0</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc6">92620</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesEOYAmt>92620</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>2104799</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>2203646</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2104799</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2203646</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2104799</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2296266</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2104799</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>118776</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2223575</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc4">19929</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>2203646</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapitalGainNetIncomeAmt>15581</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>794</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>794</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>794</TaxBasedOnInvestmentIncomeAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1">X</Form2220AttachedInd>
        <EsPenaltyAmt>47</EsPenaltyAmt>
        <TaxDueAmt>841</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>MI</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>BYUNG J CHANG</IndividualWithBooksNm>
        <PhoneNum>7349969200</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>77 ENTERPRISE DRIVE</AddressLine1Txt>
          <CityNm>ANN ARBOR</CityNm>
          <StateAbbreviationCd>MI</StateAbbreviationCd>
          <ZIPCd>48103</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BYUNG JIN CHANG</PersonNm>
          <USAddress>
            <AddressLine1Txt>77 ENTERPRISE DRIVE</AddressLine1Txt>
            <CityNm>ANN ARBOR</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48104</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SHARON CHANG</PersonNm>
          <USAddress>
            <AddressLine1Txt>77 ENTERPRISE DRIVE</AddressLine1Txt>
            <CityNm>ANN ARBOR</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48104</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1687595</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>512938</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>2200533</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2200533</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>33008</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2167525</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>108376</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>108376</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>794</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>794</TotalTaxAmt>
        <DistributableBeforeAdjAmt>107582</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>107582</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>107582</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>104200</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>104200</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>107582</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>9985</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>12246</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>12167</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>5649</ExcessDistributionCyovYr2Amt>
        <TotalExcessDistributionCyovAmt>40047</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>104200</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>104200</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>3382</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>3382</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>36665</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>6603</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>30062</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>12246</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>12167</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>5649</ExcessFromYear2Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>SHARON CHANG</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>77 ENTERPRISE DRIVE</AddressLine1Txt>
            <CityNm>ANN ARBOR</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48103</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7349969200</RecipientPhoneNum>
          <RecipientEmailAddressTxt>SCHANG@SURIGITEL.COM</RecipientEmailAddressTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>AMERICAN BIBLE SOCIETY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>101 N INDEPENDENCE MALL E</AddressLine1Txt>
            <AddressLine2Txt>FL8</AddressLine2Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19106</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>MINSTRY</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BACK TO THE BIBLE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 82808</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 82808</AddressLine2Txt>
            <CityNm>LINCOLN</CityNm>
            <StateAbbreviationCd>NE</StateAbbreviationCd>
            <ZIPCd>68501</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>CHURCH RADIO</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TURNING POINT BIBLE MISSION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1814 SHADY LN DR</AddressLine1Txt>
            <AddressLine2Txt>1814 SHADY LN DR</AddressLine2Txt>
            <CityNm>JACKSON</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>39204</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>MINISTRY</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DOCTORS WITHOUT BORDERS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>40 RECTOR STREET</AddressLine1Txt>
            <AddressLine2Txt>16TH FLOOR</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10006</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>MEDICAL RELIEF</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>EW UNIV</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>526 5TH</AddressLine1Txt>
            <AddressLine2Txt>526 5TH</AddressLine2Txt>
            <CityNm>CHENEY</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>99004</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>COMMUNITY ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FOCUS ON FAMILY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>8605 EXPLORER DRIVE</AddressLine1Txt>
            <AddressLine2Txt>8605 EXPLORER DRIVE</AddressLine2Txt>
            <CityNm>COLORADO SPRINGS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80920</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>FAMILY RELATIONSHIP BUILDING</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HUNGARIAN MUSIC COMMUNITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2503 COSTA MESA DR</AddressLine1Txt>
            <AddressLine2Txt>2503 COSTA MESA DR</AddressLine2Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75228</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>COMMUNITY ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KOREAN CHURCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3301 CREEK DR</AddressLine1Txt>
            <AddressLine2Txt>3301 CREEK DR</AddressLine2Txt>
            <CityNm>ANN ARBOR</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48108</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>MINISTRY</GrantOrContributionPurposeTxt>
          <Amt>15200</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MAKE A WISH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 97104</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 97104</AddressLine2Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20090</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MERCY SHIPS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1930</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 1930</AddressLine2Txt>
            <CityNm>GARDEN VALLEY</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75771</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>FAMILY ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MOODY CHURCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1635 N LASALLE</AddressLine1Txt>
            <AddressLine2Txt>1635 N LASALLE</AddressLine2Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60614</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>MINISTRY</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PAWS PURPLE HEARTS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1209</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 1209</AddressLine2Txt>
            <CityNm>MERRIFIELD</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22116</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PRISON FELLOWSHIP</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1550</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 1550</AddressLine2Txt>
            <CityNm>MERRIFIELD</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22116</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>COMMUNITY ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GIFT OF LIFE INTL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 650436</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 650436</AddressLine2Txt>
            <CityNm>FRESH MEADOWS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11365</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>MINISTRY</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SALVATION ARMY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>615 SLATERS LN</AddressLine1Txt>
            <AddressLine2Txt>615 SLATERS LN</AddressLine2Txt>
            <CityNm>ALEXANDRIA</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22314</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY SERVICE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PARALYZED VETS OF AMERICA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 758542</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 758542</AddressLine2Txt>
            <CityNm>TOPEKA</CityNm>
            <StateAbbreviationCd>KS</StateAbbreviationCd>
            <ZIPCd>66675</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>COMMUNITY ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ST JUDE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>262 DANNY THOMAS PLACE</AddressLine1Txt>
            <AddressLine2Txt>262 DANNY THOMAS PLACE</AddressLine2Txt>
            <CityNm>MEMPHIS</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38105</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE NAVIGATORS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 6000</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 6000</AddressLine2Txt>
            <CityNm>COLORADO SPRINGS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80934</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>MINISTRY</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIV OF MICHIGAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3003 SOUTH STATE STREET</AddressLine1Txt>
            <AddressLine2Txt>SUITE 8000</AddressLine2Txt>
            <CityNm>ANN ARBOR</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48104</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>FOR THE MICHIGAN ENGINEEING FUND</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>VETERANS OF FOREIGN WARS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>406 W 34TH STREET</AddressLine1Txt>
            <AddressLine2Txt>406 W 34TH STREET</AddressLine2Txt>
            <CityNm>KANSAS CITY</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>64111</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WAYNE STATE UNIV</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>42 W WARREN</AddressLine1Txt>
            <AddressLine2Txt>42 W WARREN</AddressLine2Txt>
            <CityNm>DETROIT</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48202</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>COMMUNITY ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WOUNDED WARRIOR PROJECT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 758516</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 758516</AddressLine2Txt>
            <CityNm>TOPEKA</CityNm>
            <StateAbbreviationCd>KS</StateAbbreviationCd>
            <ZIPCd>66675</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>VETERANS</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WRCJ</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1 CLOVER CT</AddressLine1Txt>
            <AddressLine2Txt>1 CLOVER CT</AddressLine2Txt>
            <CityNm>WIXOM</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48393</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BOYS TOWN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>14100 CRAWFORD</AddressLine1Txt>
            <AddressLine2Txt>14100 CRAWFORD</AddressLine2Txt>
            <CityNm>BOYS TOWN</CityNm>
            <StateAbbreviationCd>NE</StateAbbreviationCd>
            <ZIPCd>68010</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>COMMUNITY ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>IN TOUCH MINISTRIES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 7900</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 7900</AddressLine2Txt>
            <CityNm>ATLANTA</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30357</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>MINISTRY</GrantOrContributionPurposeTxt>
          <Amt>1500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WYCLIFFE ASSOC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>11450 TRANSLATION WAY</AddressLine1Txt>
            <AddressLine2Txt>11450 TRANSLATION WAY</AddressLine2Txt>
            <CityNm>ORLANDO</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32832</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>MINISTRY</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>NEW LIFE KOREAN CHURCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3150 GLAZIER WAY</AddressLine1Txt>
            <AddressLine2Txt>3150 GLAZIER WAY</AddressLine2Txt>
            <CityNm>ANN ARBOR</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48104</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>MINISTRY</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CRISTA MINISTRIES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>19303 FREMONT AVE N</AddressLine1Txt>
            <AddressLine2Txt>19303 FREMONT AVE N</AddressLine2Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98133</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>MINISTRY</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>INTER VARSITY CHRISTIAN FELLOWSHIP</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 7895</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 7895</AddressLine2Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53707</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>MINISTRY</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FOUNDATION LAGUNA WOODS VILLAGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3279</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 3279</AddressLine2Txt>
            <CityNm>LAGUNA HILLS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92654</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SEOUL NATIONAL UNIV</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>1 GWANAK</AddressLine1Txt>
            <AddressLine2Txt>1 GWANAK</AddressLine2Txt>
            <CityNm>SEOUL</CityNm>
            <ProvinceOrStateNm>SOUTH KOREA</ProvinceOrStateNm>
            <CountryCd>KS</CountryCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KOREAN SCHOOL OF ANN ARBOR</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2251 E STADIUM</AddressLine1Txt>
            <AddressLine2Txt>2251 E STADIUM</AddressLine2Txt>
            <CityNm>ANN ARBOR</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48104</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>104200</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>41522</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>-67755</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>-26233</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>-26233</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <GainLossSaleOtherAssetsSch documentId="RetDoc2">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>BANK OF ANN ARBOR INVESTMENTS</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>4241</GrossSalesPriceAmt>
        <BasisAmt>13938</BasisAmt>
        <TotalNetAmt>-9697</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>BANK OF ANN ARBOR INVESTMENTS</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>11211</GrossSalesPriceAmt>
        <BasisAmt>84850</BasisAmt>
        <TotalNetAmt>-73639</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <EOYBookValueAmt>1924271</EOYBookValueAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherDecreasesSchedule documentId="RetDoc4">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSSES</Desc>
        <Amt>19929</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc5">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UNREALIZED LOSS ON INVESTMENT</Desc>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc6">
      <OtherLiabilitiesDetail>
        <Desc>UNREALIZED GAINS</Desc>
        <EOYBookValueAmt>92620</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc7">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>BROKERAGE FEES</CategoryTxt>
        <Amt>10791</Amt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>