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        <CurrentTaxYearMinus1YearAmt>556323</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>332970</CurrentTaxYearAmt>
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        <CurrentTaxYearMinus4YearsAmt>250097</CurrentTaxYearMinus4YearsAmt>
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        <CurrentTaxYearMinus2YearsAmt>490163</CurrentTaxYearMinus2YearsAmt>
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        <CurrentTaxYearMinus1YearAmt>29</CurrentTaxYearMinus1YearAmt>
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      <TotalSupportAmt>2053915</TotalSupportAmt>
      <GrossReceiptsRltdActivitiesAmt>135720</GrossReceiptsRltdActivitiesAmt>
      <First5Years170Ind>X</First5Years170Ind>
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      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
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        <DepreciationAmt>29085</DepreciationAmt>
        <BookValueAmt>12373</BookValueAmt>
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      <FootnoteTextInd>X</FootnoteTextInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>PIPS EDUCATION FUND, INC. IS A PRIVATE CORPORATION AS DEFINED BY SECTION 509(A) OF THE INTERNAL REVENUE CODE OF 1986 (AS AMENDED) AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3). PIPS REWARDS, LLC IS A DISREGARDED ENTITY. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSES WOULD BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME, IF INCURRED. ACCORDINGLY, THE ORGANIZATION HAS NOT PROVIDED FOR INCOME TAXES IN THESE FINANCIAL STATEMENTS. EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION THE ORGANIZATION HAS TAKEN IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE ORGANIZATION HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, THEREFORE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THESE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THREE YEARS FOLLOWING THE DATE OF FILING.</ExplanationTxt>
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    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>1</GrantRecordsMaintainedInd>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>STUDENT ACTIVITIES, NO INDIVIDUAL GRANT IN EXCESS OF $5,000</GrantTypeTxt>
        <RecipientCnt>50</RecipientCnt>
        <CashGrantAmt>28401</CashGrantAmt>
        <ValuationMethodUsedDesc>COST</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>STUDENT ACTIVITIES</NonCashAssistanceDesc>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART III, LINE 1</FormAndLineReferenceDesc>
        <ExplanationTxt>NO GRANT WAS $5,000 OR MORE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>STUDENTS TRACK THEIR OWN ACTIVITIES TO QUALIFY FOR GRANTS.</ExplanationTxt>
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    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>PROVIDED UPON REQUEST</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>AVAILABLE UPON REQUEST</ExplanationTxt>
      </SupplementalInformationDetail>
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        <DisregardedEntityName>
          <BusinessNameLine1Txt>PIPS REWARDS LLC</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>C/O ROSEN FEDERICO 135 CROSSWAYS PA</AddressLine1Txt>
          <CityNm>WOODBURY</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>11797</ZIPCd>
        </USAddress>
        <EIN>851396535</EIN>
        <PrimaryActivitiesTxt>REWARD PROGRAM FOR COLLEGE STUDENTS</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>NY</LegalDomicileStateCd>
        <TotalIncomeAmt>0</TotalIncomeAmt>
        <EndOfYearAssetsAmt>0</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>PIPS EDUCATION FUND INC</BusinessNameLine1Txt>
        </DirectControllingEntityName>
      </IdDisregardedEntitiesGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>
