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          <CurrentYearAmt>549818</CurrentYearAmt>
          <Year1Amt>506468</Year1Amt>
          <Year2Amt>473210</Year2Amt>
          <Year3Amt>458196</Year3Amt>
          <TotalAmt>1987692</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>0</TotalAmt>
        </QualifyingDistriNotUsedDrtGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>549818</CurrentYearAmt>
          <Year1Amt>506468</Year1Amt>
          <Year2Amt>473210</Year2Amt>
          <Year3Amt>458196</Year3Amt>
          <TotalAmt>1987692</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TotalAssetsGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsSect4942j3BiGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>99305</CurrentYearAmt>
          <Year1Amt>98500</Year1Amt>
          <Year2Amt>112070</Year2Amt>
          <Year3Amt>51375</Year3Amt>
          <TotalAmt>361250</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
        <TotalSupportGrp>
          <TotalAmt>0</TotalAmt>
        </TotalSupportGrp>
        <PublicSupportType>
          <TotalAmt>0</TotalAmt>
        </PublicSupportType>
        <LargestSupportFromEOGrp>
          <TotalAmt>0</TotalAmt>
        </LargestSupportFromEOGrp>
        <GrossInvestmentIncomeGrp>
          <TotalAmt>0</TotalAmt>
        </GrossInvestmentIncomeGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>THE KISCO FOUNDATION</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <TotalGrantOrContriPdDurYrAmt>0</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>4866</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>12284</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>20995</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>9864</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>48009</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>48009</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <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>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>THE KISCO FOUNDATION INC</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>84 BUSINESS PARK DRIVE SUITE 304</AddressLine1Txt>
          <CityNm>ARMONK</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10504</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>1100000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>FIDELITY CHARITABLE</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>PO BOX 77001</AddressLine1Txt>
          <CityNm>CINCINNATI</CityNm>
          <StateAbbreviationCd>OH</StateAbbreviationCd>
          <ZIPCd>45277</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>17570</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>CBIZ MARKS PANETH</CategoryTxt>
        <Amt>19100</Amt>
        <NetInvestmentIncomeAmt>9550</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>9550</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>9550</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>KISCO TAX EXEMPT INVESTORS, LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1665399</BookValueAmt>
        <EOYFMVAmt>1665399</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>FUNCTIONALLY RELATED BUSINESS</Desc>
        <BOYBookValueAmt>895364</BOYBookValueAmt>
        <EOYBookValueAmt>577889</EOYBookValueAmt>
        <EOYFMVAmt>577889</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSS ON FUNCTIONALLY RELATED INVESTMENT</Desc>
        <Amt>667475</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>1186</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>593</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>593</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>593</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LICENSING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>2285</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1143</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1142</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1142</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>COMMUNITY ENGAGEMENT EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>501806</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>501806</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>HISTORIC PRESERVATION EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>7200</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7200</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>KISCO TAX EXEMPT K-1 OTHER DEDUCTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>3274</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3274</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3274</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>KISCO TAX EXEMPT K-1 INTEREST INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>45</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>45</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>45</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>KISCO TAX EXEMPT K-1 DIVIDEND INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>20653</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>20653</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>20653</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>KISCO TAX EXEMPT K-1 PORTFOLIO INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>276</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>276</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>276</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>KISCO TAX EXEMPT K-1 OTHER INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>21</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>21</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>21</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAINS ON INVESTMENTS</Desc>
        <Amt>151314</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL FEES- SEARCH CONSULTANT</CategoryTxt>
        <Amt>59055</Amt>
        <NetInvestmentIncomeAmt>29527</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>29528</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>29527</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID</CategoryTxt>
        <Amt>349</Amt>
        <NetInvestmentIncomeAmt>349</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
    <TransfersToControlledEntities documentId="RetDoc2205000001">
      <TransfersToControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>VINEYARD GAZETTE LLC</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>34 SOUTH SUMMER ST</AddressLine1Txt>
          <CityNm>EDGARTOWN</CityNm>
          <StateAbbreviationCd>MA</StateAbbreviationCd>
          <ZIPCd>02539</ZIPCd>
        </USAddress>
        <EIN>273913681</EIN>
        <Desc>COMMUNITY SERVICE GRANT FOR FUNCTIONALLY RELATED BUSINESS.</Desc>
        <Amt>250000</Amt>
      </TransfersToControlledEntGrp>
      <TransfersToControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>VINEYARD GAZETTE LLC</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>34 SOUTH SUMMER ST</AddressLine1Txt>
          <CityNm>EDGARTOWN</CityNm>
          <StateAbbreviationCd>MA</StateAbbreviationCd>
          <ZIPCd>02539</ZIPCd>
        </USAddress>
        <EIN>273913681</EIN>
        <Desc>CAPITAL INVESTMENT</Desc>
        <Amt>350000</Amt>
      </TransfersToControlledEntGrp>
      <TotalAmt>600000</TotalAmt>
    </TransfersToControlledEntities>
  </ReturnData>
</Return>