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        <ExcessFromYear1Amt>102281</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>125746</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>PETA SMIT SANTOS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>POBOX 163</AddressLine1Txt>
            <CityNm>SWANSEA</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02777</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5083450794</RecipientPhoneNum>
          <RecipientEmailAddressTxt>jezsmit@comcast.net</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>WRITTEN APPLICATION INCLUDING ACADEMIC ACHIEVEMENTS, FINANCIAL STATUS AND PERSONAL QUALIFICATIONS</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>END OF HIGH SCHOOL YEAR</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>A FOUR YEAR RENEWABLE SCHOLARSHIP OF $4,000 PER YEAR IS AVAILABLE TO QUALIFIED HIGH SCHOOL STUDENTS. CONTINUATION DEPENDS ON APPLICANTS BEING IN GOOD STANDING WITH THE COLLEGE AND SUBMITTING AN ANNUAL TRANSCRIPT TO YOUTHS' FRIENDS ASSOCITATION.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>PETA SMIT SANTOS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>POBOX 163</AddressLine1Txt>
            <CityNm>SWANSEA</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02777</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5083450794</RecipientPhoneNum>
          <RecipientEmailAddressTxt>jezsmit@comcast.net</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>GRANT REQUESTS REQUIRE NATURE OF THE ACTIVITY/USE OF THE FUNDS REQUESTED AS IT RELATES TO YOUTH PROGRAMS</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>GRANTS HAVE NO DEADLINES</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>GRANTS ARE LIMITED TO DOMESTIC US ORGANIZATIONS WITH A FOCUS ON YOUTH PROGRAMS. GRANTS CAN RANGE FROM $1,000-$30,000.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>COLLEGE SCHOLARSHIPS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>C/O 8 BRIER ROAD</AddressLine1Txt>
            <CityNm>GLOUCESTER</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>01930</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>48000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GRANTS-YOUTH PROGRAMS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>C/O 8 BRIER ROAD</AddressLine1Txt>
            <CityNm>GLOUCESTER</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>01930</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>YOUTH PROGRAM GRANTS</GrantOrContributionPurposeTxt>
          <Amt>586000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>634000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>356614</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>336408</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PARTNERSHIP LOSSES-RELEASED</Desc>
          <BusinessCd>901101</BusinessCd>
          <ExclusionCd>1</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>TAX EXEMPT INTEREST</Desc>
          <ExclusionCd>14</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>693022</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>693022</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>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING</CategoryTxt>
        <Amt>22500</Amt>
        <NetInvestmentIncomeAmt>5625</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>16875</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <InvestmentsCorporateBondsGrp>
        <BondNm>PREFERRED SECURITIES</BondNm>
        <EOYBookValueAmt>729939</EOYBookValueAmt>
        <EOYFMVAmt>707737</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE BONDS</BondNm>
        <EOYBookValueAmt>440616</EOYBookValueAmt>
        <EOYFMVAmt>425375</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <InvestmentsCorporateStockGrp>
        <StockNm>COMMON STOCKS</StockNm>
        <EOYBookValueAmt>3186983</EOYBookValueAmt>
        <EOYFMVAmt>6774519</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvestmentsGovtObligationsSche" softwareId="24020490" softwareVersionNum="2024v5.2">
      <USGovtObligationsBookVlEOYAmt>714802</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>706405</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="24020490" softwareVersionNum="2024v5.2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MUTUAL FUNDS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1256294</BookValueAmt>
        <EOYFMVAmt>1265213</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ALTERNATIVE SECURITIES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1355200</BookValueAmt>
        <EOYFMVAmt>1438683</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherExpensesScheduleGrp>
        <Desc>Investment Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>1020</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1020</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE &amp; POSTAGE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>454</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>114</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>340</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PARTNERSHIP EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>618</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>618</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISORY FEES</CategoryTxt>
        <Amt>46005</Amt>
        <NetInvestmentIncomeAmt>46005</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAXES</CategoryTxt>
        <Amt>5100</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID</CategoryTxt>
        <Amt>2036</Amt>
        <NetInvestmentIncomeAmt>2036</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>