﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2023v5.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-11-15T16:54:42-06:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>113298936</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>HECHT AND ASSOCIATES LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>ONE OLD COUNTRY ROAD SUITE 330</AddressLine1Txt>
        <CityNm>CARLE PLACE</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>11514</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>113427118</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>SCONE FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>SCON</BusinessNameControlTxt>
      <PhoneNum>9173623398</PhoneNum>
      <USAddress>
        <AddressLine1Txt>969 CENTER HILL ROAD</AddressLine1Txt>
        <CityNm>COPAKE</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>12516</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>STANLEY COHEN</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>9173623398</PhoneNum>
      <SignatureDt>2024-11-15</SignatureDt>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>1</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>ROSS D PERRY CPA</PreparerPersonNm>
      <PTIN>P00044580</PTIN>
      <PhoneNum>5164666508</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="5">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>615263</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>16687</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>44753</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>44753</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-169</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>481995</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>61271</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>44753</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <InterestRevAndExpnssAmt>1905</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>1905</InterestNetInvstIncmAmt>
        <InterestDsbrsChrtblAmt>0</InterestDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">538</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>120</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>5186</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>0</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>5186</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">872</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>872</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>8501</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>2025</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>6058</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>5000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>5000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>13501</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>2025</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>11058</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>47770</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>42728</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>24875</CashBOYAmt>
        <CashEOYAmt>4090</CashEOYAmt>
        <CashEOYFMVAmt>4090</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>170506</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>56646</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>56646</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>334865</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">523099</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>554527</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>5813</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt>0</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>0</CorporateBondsEOYFMVAmt>
        <TotalAssetsBOYAmt>536059</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>583835</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>615263</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>536059</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>583835</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>0</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>0</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>536059</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>583835</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>536059</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>583835</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>536059</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>47770</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>6</OtherIncreasesAmt>
        <SubtotalAmt>583835</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>583835</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>AGNC INVT CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-11-14</AcquiredDt>
          <SoldDt>2023-10-24</SoldDt>
          <GrossSalesPriceAmt>6807</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6388</CostOrOtherBasisAmt>
          <GainOrLossAmt>419</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>419</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALLIANCE BERNSTEIN HOLDING</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-11-14</AcquiredDt>
          <SoldDt>2023-05-04</SoldDt>
          <GrossSalesPriceAmt>3326</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3994</CostOrOtherBasisAmt>
          <GainOrLossAmt>-668</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-668</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALTICE USA</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-06-27</AcquiredDt>
          <SoldDt>2023-08-07</SoldDt>
          <GrossSalesPriceAmt>7078</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5853</CostOrOtherBasisAmt>
          <GainOrLossAmt>1225</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1225</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ARDAGH METAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-03-03</AcquiredDt>
          <SoldDt>2023-04-05</SoldDt>
          <GrossSalesPriceAmt>4601</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5574</CostOrOtherBasisAmt>
          <GainOrLossAmt>-973</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-973</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CITIZENS FINANCIAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-11-02</AcquiredDt>
          <SoldDt>2023-11-06</SoldDt>
          <GrossSalesPriceAmt>4635</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4466</CostOrOtherBasisAmt>
          <GainOrLossAmt>169</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>169</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>COMPASS DIVERSIFIED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-12-23</AcquiredDt>
          <SoldDt>2023-02-09</SoldDt>
          <GrossSalesPriceAmt>2607</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2146</CostOrOtherBasisAmt>
          <GainOrLossAmt>461</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>461</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CROWN CASTLE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-11-27</AcquiredDt>
          <SoldDt>2023-12-13</SoldDt>
          <GrossSalesPriceAmt>24161</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>22674</CostOrOtherBasisAmt>
          <GainOrLossAmt>1487</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1487</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DEVON ENERGY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-11-14</AcquiredDt>
          <SoldDt>2023-06-23</SoldDt>
          <GrossSalesPriceAmt>19182</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>24636</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5454</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5454</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DIREXION DAILY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-11-30</AcquiredDt>
          <SoldDt>2023-12-14</SoldDt>
          <GrossSalesPriceAmt>13472</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11664</CostOrOtherBasisAmt>
          <GainOrLossAmt>1808</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1808</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DUKE ENERGY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-08-03</AcquiredDt>
          <SoldDt>2023-10-06</SoldDt>
          <GrossSalesPriceAmt>14339</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15416</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1077</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1077</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>EAGLE POINT CREDIT</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-11-14</AcquiredDt>
          <SoldDt>2023-03-06</SoldDt>
          <GrossSalesPriceAmt>6413</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6307</CostOrOtherBasisAmt>
          <GainOrLossAmt>106</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>106</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ENRIDGE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-03-03</AcquiredDt>
          <SoldDt>2023-09-06</SoldDt>
          <GrossSalesPriceAmt>10841</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12565</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1724</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1724</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>EQUITRANS MIDSTREAM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-06-15</AcquiredDt>
          <SoldDt>2023-09-06</SoldDt>
          <GrossSalesPriceAmt>4651</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4661</CostOrOtherBasisAmt>
          <GainOrLossAmt>-10</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-10</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FREEPORT-MCMORAN</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-07-25</AcquiredDt>
          <SoldDt>2023-10-23</SoldDt>
          <GrossSalesPriceAmt>11773</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14444</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2671</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2671</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GABELLI CONV INCOME</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-09-11</AcquiredDt>
          <SoldDt>2023-12-29</SoldDt>
          <GrossSalesPriceAmt>616</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>670</CostOrOtherBasisAmt>
          <GainOrLossAmt>-54</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-54</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GABELLI DIV INCOME</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-08-28</AcquiredDt>
          <SoldDt>2023-09-06</SoldDt>
          <GrossSalesPriceAmt>4104</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4143</CostOrOtherBasisAmt>
          <GainOrLossAmt>-39</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-39</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ISHARES INC MSCI JPN</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-11-30</AcquiredDt>
          <SoldDt>2023-12-14</SoldDt>
          <GrossSalesPriceAmt>30543</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>30019</CostOrOtherBasisAmt>
          <GainOrLossAmt>524</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>524</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ISHARES INC CLEAN ENERGY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-07-18</AcquiredDt>
          <SoldDt>2023-10-31</SoldDt>
          <GrossSalesPriceAmt>9140</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12296</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3156</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3156</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JPM EXCHANGE TRADED FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-09-11</AcquiredDt>
          <SoldDt>2023-12-18</SoldDt>
          <GrossSalesPriceAmt>23309</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>23306</CostOrOtherBasisAmt>
          <GainOrLossAmt>3</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MEREO BIOPHARMA</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-25</AcquiredDt>
          <SoldDt>2023-08-29</SoldDt>
          <GrossSalesPriceAmt>3937</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2525</CostOrOtherBasisAmt>
          <GainOrLossAmt>1412</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1412</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MIDCAP FINANCIAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-08-16</AcquiredDt>
          <SoldDt>2023-12-22</SoldDt>
          <GrossSalesPriceAmt>7535</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7535</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PENNANT PARK FLOATING</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-11-14</AcquiredDt>
          <SoldDt>2023-08-10</SoldDt>
          <GrossSalesPriceAmt>1078</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1148</CostOrOtherBasisAmt>
          <GainOrLossAmt>-70</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-70</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PENNANT PARK INVT CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-06-07</AcquiredDt>
          <SoldDt>2023-11-16</SoldDt>
          <GrossSalesPriceAmt>9853</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8490</CostOrOtherBasisAmt>
          <GainOrLossAmt>1363</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1363</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PIONEER NAT RESOURCES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-05-15</AcquiredDt>
          <SoldDt>2023-12-14</SoldDt>
          <GrossSalesPriceAmt>38408</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>35330</CostOrOtherBasisAmt>
          <GainOrLossAmt>3078</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3078</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>QURATE RETAIL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-06-28</AcquiredDt>
          <SoldDt>2023-06-01</SoldDt>
          <GrossSalesPriceAmt>18754</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>18754</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>REALTY INCOME CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-08-03</AcquiredDt>
          <SoldDt>2023-09-06</SoldDt>
          <GrossSalesPriceAmt>4695</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5004</CostOrOtherBasisAmt>
          <GainOrLossAmt>-309</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-309</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SITIO ROYALTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-11-14</AcquiredDt>
          <SoldDt>2023-08-09</SoldDt>
          <GrossSalesPriceAmt>7374</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8438</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1064</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1064</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TFS FINANCIAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-05-27</AcquiredDt>
          <SoldDt>2023-03-08</SoldDt>
          <GrossSalesPriceAmt>1014</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1117</CostOrOtherBasisAmt>
          <GainOrLossAmt>-103</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-103</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VIRACTA</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-05-23</AcquiredDt>
          <SoldDt>2023-12-22</SoldDt>
          <GrossSalesPriceAmt>1416</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1415</CostOrOtherBasisAmt>
          <GainOrLossAmt>1</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ABBVIE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-05-26</AcquiredDt>
          <SoldDt>2023-04-27</SoldDt>
          <GrossSalesPriceAmt>9222</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7048</CostOrOtherBasisAmt>
          <GainOrLossAmt>2174</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2174</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALLIANCE BERNSTEIN HOLDING</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-10-12</AcquiredDt>
          <SoldDt>2023-05-04</SoldDt>
          <GrossSalesPriceAmt>665</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>642</CostOrOtherBasisAmt>
          <GainOrLossAmt>23</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>23</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ARES CAPITAL CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-11-02</AcquiredDt>
          <SoldDt>2023-10-03</SoldDt>
          <GrossSalesPriceAmt>5548</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4132</CostOrOtherBasisAmt>
          <GainOrLossAmt>1416</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1416</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BLACKSTONE MORTGAGE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-03-17</AcquiredDt>
          <SoldDt>2023-03-09</SoldDt>
          <GrossSalesPriceAmt>8068</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12781</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4713</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4713</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BROWN ADVISORY SUSTAIN</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-03-17</AcquiredDt>
          <SoldDt>2023-10-26</SoldDt>
          <GrossSalesPriceAmt>11711</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8131</CostOrOtherBasisAmt>
          <GainOrLossAmt>3580</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3580</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CARLYLE SECURED LENDING</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-08-12</AcquiredDt>
          <SoldDt>2023-10-04</SoldDt>
          <GrossSalesPriceAmt>4763</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3742</CostOrOtherBasisAmt>
          <GainOrLossAmt>1021</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1021</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>COHEN &amp; STEERS CLOSED END</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-05-03</AcquiredDt>
          <SoldDt>2023-03-10</SoldDt>
          <GrossSalesPriceAmt>2212</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2711</CostOrOtherBasisAmt>
          <GainOrLossAmt>-499</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-499</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>COHEN &amp; STEERS REIT</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-09-24</AcquiredDt>
          <SoldDt>2023-05-16</SoldDt>
          <GrossSalesPriceAmt>9070</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9778</CostOrOtherBasisAmt>
          <GainOrLossAmt>-708</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-708</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>COMPASS DIVERSIFIED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-02-25</AcquiredDt>
          <SoldDt>2023-02-09</SoldDt>
          <GrossSalesPriceAmt>6084</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6490</CostOrOtherBasisAmt>
          <GainOrLossAmt>-406</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-406</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FTAI AVIATION</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-09-13</AcquiredDt>
          <SoldDt>2023-03-08</SoldDt>
          <GrossSalesPriceAmt>7774</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8403</CostOrOtherBasisAmt>
          <GainOrLossAmt>-629</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-629</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GABELLI CONV INCOME</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-06-10</AcquiredDt>
          <SoldDt>2023-12-29</SoldDt>
          <GrossSalesPriceAmt>4725</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6307</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1582</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1582</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GREEN BRICK PARTNERS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-06-22</AcquiredDt>
          <SoldDt>2023-03-06</SoldDt>
          <GrossSalesPriceAmt>13188</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4554</CostOrOtherBasisAmt>
          <GainOrLossAmt>8634</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8634</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>KKR &amp; CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-01-02</AcquiredDt>
          <SoldDt>2023-12-14</SoldDt>
          <GrossSalesPriceAmt>4153</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>987</CostOrOtherBasisAmt>
          <GainOrLossAmt>3166</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3166</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MEREO BIOPHARMA</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-25</AcquiredDt>
          <SoldDt>2023-12-27</SoldDt>
          <GrossSalesPriceAmt>8704</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3792</CostOrOtherBasisAmt>
          <GainOrLossAmt>4912</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4912</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MFA FINANCIAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-05-14</AcquiredDt>
          <SoldDt>2023-10-06</SoldDt>
          <GrossSalesPriceAmt>441</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>611</CostOrOtherBasisAmt>
          <GainOrLossAmt>-170</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-170</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NUVEEN FLOATING RATE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-05-24</AcquiredDt>
          <SoldDt>2023-08-02</SoldDt>
          <GrossSalesPriceAmt>7</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NUVEEN PFD INCOME</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-11-27</AcquiredDt>
          <SoldDt>2023-08-24</SoldDt>
          <GrossSalesPriceAmt>1720</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2077</CostOrOtherBasisAmt>
          <GainOrLossAmt>-357</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-357</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>OAKTREE SPECIALTY LENDING</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2017-12-20</AcquiredDt>
          <SoldDt>2023-01-23</SoldDt>
          <GrossSalesPriceAmt>11329</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8446</CostOrOtherBasisAmt>
          <GainOrLossAmt>2883</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2883</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>QURATE RETAIL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-02-26</AcquiredDt>
          <SoldDt>2023-08-31</SoldDt>
          <GrossSalesPriceAmt>65859</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>79387</CostOrOtherBasisAmt>
          <GainOrLossAmt>-13528</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-13528</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SITIO ROYALTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-14</AcquiredDt>
          <SoldDt>2023-08-09</SoldDt>
          <GrossSalesPriceAmt>5340</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3655</CostOrOtherBasisAmt>
          <GainOrLossAmt>1685</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1685</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TFS FINANCIAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-12-07</AcquiredDt>
          <SoldDt>2023-03-08</SoldDt>
          <GrossSalesPriceAmt>5747</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7503</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1756</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1756</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAINS DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>3</GrossSalesPriceAmt>
          <GainOrLossAmt>3</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-169</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>594</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>594</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>594</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>0</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>500</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>500</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>24</EsPenaltyAmt>
        <TaxDueAmt>118</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>0</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>0</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>HECHT AND ASSOCIATES LLP</IndividualWithBooksNm>
        <PhoneNum>5164553687</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>ONE OLD COUNTRY ROAD SUITE 330</AddressLine1Txt>
          <CityNm>CARLE PLACE</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>11514</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LAURA COHEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>6155 BARROWS DRIVE</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90048</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STANLEY COHEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>969 CENTER HILL ROAD</AddressLine1Txt>
            <CityNm>COPAKE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12516</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MONROE PRICE</PersonNm>
          <USAddress>
            <AddressLine1Txt>969 CENTER HILL ROAD</AddressLine1Txt>
            <CityNm>COPAKE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12516</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>442107</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>128059</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>2906</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>573072</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>573072</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>8596</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>564476</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>28224</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>28224</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>594</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>594</TotalTaxAmt>
        <DistributableBeforeAdjAmt>27630</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>27630</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>27630</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>11058</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>11058</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>27630</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>2497</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>8590</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>10696</ExcessDistributionCyovYr3Amt>
        <TotalExcessDistributionCyovAmt>21783</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>11058</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>11058</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>16572</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>16572</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>5211</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>5211</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>5211</ExcessFromYear3Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CENTRAL PARK CONSERVANCY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>717 FIFTH AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF THE ARTS, EDUCATION, AND HELPING THOSE IN NEED.</GrantOrContributionPurposeTxt>
          <Amt>3500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOROPTIMIST INTERNATIONAL FOUNDATION OF THE AMERICAS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1709 SPRUCE STREET</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19103</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO FURTHER THE FOUNDATIONS CHARITABLE MISSION OF THE ARTS, EDUCATION, AND HELPING THOSE IN NEED.</GrantOrContributionPurposeTxt>
          <Amt>1500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>5000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>44753</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>-169</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>0</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>44584</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>44584</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>INVESTMENT INCOME ON SECURITIES HELD FOR INVESTMENT DONATED TO CHARITY</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>STANLEY COHEN</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>969 CENTER HILL ROAD</AddressLine1Txt>
          <CityNm>COPAKE</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>12516</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>16687</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>STOCKS</StockNm>
        <EOYBookValueAmt>523099</EOYBookValueAmt>
        <EOYFMVAmt>554527</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>PROMOTION</Desc>
        <RevenueAndExpensesPerBooksAmt>872</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>872</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FORM 990 PF TAX</CategoryTxt>
        <Amt>418</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>120</Amt>
        <NetInvestmentIncomeAmt>120</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>