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        <TaxBasedOnInvestmentIncomeAmt>596</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>596</TotalTaxAmt>
        <DistributableBeforeAdjAmt>113233</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>113233</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>113233</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>117429</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>117429</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>113233</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>31930</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>117429</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>31930</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>85499</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>27734</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>THE ROBERT J NOLAN FOUNDATION INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>MARY TULLY 82 GLENWOOD AVENUE</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5187924900</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>EACH STUDENT WILL SUBMIT AN APPLICATION FOR CONSIDERATION. THE APPLICATION REQUESTS INFORMATION ON THE FOLLOWING AREAS: 1.EDUCATIONAL ACHIEVEMENT; 2. PARTICIPATION IN HIGH SCHOOL VARSITY ATHLETIC TEAMS; 3. EXTRACURRICULAR SCHOOL-RELATED ACTIVITIES; 4. CIVIC ACTIVITIES; 5. RELIGIOUS ORGANIZATION PARTICIPATION AND 6. FINANCIAL NEED. THE DIRECTORS WOULD USE THE INFORMATION FROM THE APPLICATION TO SELECT RECIPIENTS.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>ALL APPLICATIONS ARE DUE BY MAY 15. THE FOUNDATION WILL PUBLICIZE THE EXISTENCE OF THE SCHOLARSHIP P</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>THE ROBERT J NOLAN FOUNDATION, INC. WILL AWARD SCHOLARSHIPS TO INDIVIDUALS ATTENDING SECONDARY SCHOOLS WHO ARE FROM THE GREATER GLENS FALLS AREA. SCHOLARSHIPS ARE AWARDED TO THE WELL-BALANCED STUDENT WITH A SPECIAL EMPHASIS ON PARTICIPATION IN VARSITY ATHLETIC TEAMS AND THE EXPRESSED INTENTION OF PARTICIPATION IN ORGANIZED ATHLETIC TEAMS AND ENDEAVORS AT THE UNDERGRADUATE AND/OR GRADUATE LEVEL.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ANNA BEAROR</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>25 PINION PINE LANE</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JESSICA BETTS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>12 IRIS AVE</AddressLine1Txt>
            <CityNm>SO GLENS FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12803</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JACK BORDEAU</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2 PLEASANT LANE</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DEMETER BURNS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>30 CONSTITUTION WAY</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SAMUEL BURNS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>30 CONSTITUTION WAY</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>AISLYNN DIXON</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>145 FARR LANE</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MIRANDA HABSHI</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>7 THISTLEWOOD DRIVE</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DANIELLE HAND</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>26 OAK TREE CIRCLE</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JULIA KRESS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>49 SHERIDAN STREET</AddressLine1Txt>
            <CityNm>GLENS FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12801</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CAROLINA LOTT-DIAMOND</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>155 EAST RIVER DRIVE</AddressLine1Txt>
            <CityNm>LAKE LUZERNE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12846</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BIANCA MALLETTE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>44 CHERRY TREE LANE</AddressLine1Txt>
            <CityNm>GANSEVOORT</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12831</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KAITLIN MCDONOUGH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2 PEACH TREE LANE</AddressLine1Txt>
            <CityNm>WILTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12831</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GRACIE NASSIVERA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>203 DEAN ROAD</AddressLine1Txt>
            <CityNm>HUDSON FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12839</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LEA RICHARD</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>422 BROWNVILLE ROAD</AddressLine1Txt>
            <CityNm>GANSEVOORT</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12831</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SAMUEL ROWLEY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>7 PAULS WAY</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LANNING TOREBKA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>13 CLARK STREET</AddressLine1Txt>
            <CityNm>SO GLENS FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12803</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BRYCE TYLER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>7 WINCREAST DRIVE</AddressLine1Txt>
            <CityNm>FORT EDWARD</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12828</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ADDISON WILLIS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>221 MAIN STREET</AddressLine1Txt>
            <CityNm>SO GLENS FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12803</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LAUREN WILLIS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>20 SNOWBERRY LANE</AddressLine1Txt>
            <CityNm>GANSEVOORT</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12831</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>105000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>12723</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>42345</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>-15998</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>39070</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>39070</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>3</LineNumberTxt>
          <RelationshipStatementTxt>THE ROBERT J. NOLAN FOUNDATION, INC. WAS FORMED ON</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>DECEMBER 18, 1986 FOR THE PURPOSE OF DISBURSING</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>EDUCATIONAL ASSISTANCE TO GRADUATE AND UNDERGRADUATE STUDENTS FROM THE GREATER GLENS FALLS AREA. THE RECIPIENTS MUST BE QUALIFIED IN THE FOLLOWING AREAS: EDUCATIONAL ACHIEVEMENT; PARTICIPATION IN HIGH SCHOOL VARSITY TEAMS; EXTRA-CURRICULAR SCHOOL-RELATED ACTIVITIES; RELIGIOUS ORGANIZATION PARTICIPATION AND FINANCIAL NEED.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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>
    <AccountingFeesSchedule documentId="RetDoc1">
      <AccountingFeesDetail>
        <CategoryTxt>FEES PAID FOR PREPARATION OF 990</CategoryTxt>
        <Amt>2805</Amt>
        <DisbursementsCharitablePrpsAmt>2805</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2">
      <InvestmentsCorporateBondsGrp>
        <EOYBookValueAmt>695182</EOYBookValueAmt>
        <EOYFMVAmt>641270</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <EOYBookValueAmt>1061330</EOYBookValueAmt>
        <EOYFMVAmt>1790292</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc4">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>12168</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>12168</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>250</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>250</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>886</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>886</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>336</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>336</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc5">
      <TaxesDetail>
        <CategoryTxt>FORM 990-PF</CategoryTxt>
        <Amt>469</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>652</Amt>
        <DisbursementsCharitablePrpsAmt>652</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>