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        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>LEWIS LIBBY</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>C/O HERTOG FOUNDATION 399 PARK</AddressLine1Txt>
            <AddressLine2Txt>AVENUE STE 2502</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>CONSULTING</ServiceTypeTxt>
          <CompensationAmt>81250</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>MATT CONTINETTI</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>C/O HERTOG FOUNDATION 399 PARK</AddressLine1Txt>
            <AddressLine2Txt>AVENUE STE 2502</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>CONSULTING</ServiceTypeTxt>
          <CompensationAmt>50004</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>THESE EXPENSES ARE FOR EDUCATIONAL PROGRAMS ON POLITICAL THOUGHT &amp; PHILOSOPHY, WAR &amp; FOREIGN AFFAIRS, AND ECONOMICS &amp; DOMESTIC POLICY.</Description1Txt>
        <Expenses1Amt>706245</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>10114269</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>2394713</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>12508982</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>12508982</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>187635</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>12321347</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>616067</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>616067</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>9200</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>9200</TotalTaxAmt>
        <DistributableBeforeAdjAmt>606867</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>606867</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>606867</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>2536422</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>2536422</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>606867</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>1865643</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>3175129</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>2833335</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>1693533</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>1876189</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>11443829</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>2536422</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>606867</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>1929555</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>13373384</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>1865643</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>11507741</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>3175129</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>2833335</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>1693533</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>1876189</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>1929555</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AMERICAN UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4400 MASSACHUSETTS AVENUE NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20016</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR PROVIDING EDUCATIONAL OPPORTUNITIES</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BUCKLEY INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>234 CHURCH STREET 7TH FLOOR</AddressLine1Txt>
            <CityNm>NEW HAVEN</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06510</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR PROVIDING EDUCATIONAL OPPORTUNITIES</GrantOrContributionPurposeTxt>
          <Amt>2070</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ETHICS &amp; PUBLIC POLICY CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1730 M STREET NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20036</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR PROVIDING EDUCATIONAL OPPORTUNITIES</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>7570</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>54</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>303580</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>440539</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>744173</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>744173</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>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>26250</Amt>
        <NetInvestmentIncomeAmt>13125</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>13125</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc2203000001">
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE &amp; FIXTURES</PropertyDesc>
        <AcquiredDt>2008-11-15</AcquiredDt>
        <CostOrOtherBasisAmt>64757</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>64757</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE</PropertyDesc>
        <AcquiredDt>2009-04-24</AcquiredDt>
        <CostOrOtherBasisAmt>5336</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5336</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>APPLIANCES</PropertyDesc>
        <AcquiredDt>2009-01-09</AcquiredDt>
        <CostOrOtherBasisAmt>2549</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2549</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE</PropertyDesc>
        <AcquiredDt>2009-07-14</AcquiredDt>
        <CostOrOtherBasisAmt>6514</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6514</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE</PropertyDesc>
        <AcquiredDt>2009-07-31</AcquiredDt>
        <CostOrOtherBasisAmt>71400</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>71400</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE</PropertyDesc>
        <AcquiredDt>2009-06-15</AcquiredDt>
        <CostOrOtherBasisAmt>6968</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6968</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE</PropertyDesc>
        <AcquiredDt>2009-09-16</AcquiredDt>
        <CostOrOtherBasisAmt>8940</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>8940</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE</PropertyDesc>
        <AcquiredDt>2009-12-02</AcquiredDt>
        <CostOrOtherBasisAmt>6211</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6211</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
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        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE</PropertyDesc>
        <AcquiredDt>2010-01-04</AcquiredDt>
        <CostOrOtherBasisAmt>137</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>137</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE</PropertyDesc>
        <AcquiredDt>2010-01-07</AcquiredDt>
        <CostOrOtherBasisAmt>3120</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3120</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>4 CHAIRS</PropertyDesc>
        <AcquiredDt>2010-03-23</AcquiredDt>
        <CostOrOtherBasisAmt>2321</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2321</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
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        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>ARTWORK</PropertyDesc>
        <AcquiredDt>2010-04-21</AcquiredDt>
        <CostOrOtherBasisAmt>21960</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>21960</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>ARTWORK</PropertyDesc>
        <AcquiredDt>2010-07-30</AcquiredDt>
        <CostOrOtherBasisAmt>68850</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>68850</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FRAMING</PropertyDesc>
        <AcquiredDt>2010-08-17</AcquiredDt>
        <CostOrOtherBasisAmt>7350</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7350</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE</PropertyDesc>
        <AcquiredDt>2013-12-16</AcquiredDt>
        <CostOrOtherBasisAmt>1205</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1205</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE</PropertyDesc>
        <AcquiredDt>2014-01-28</AcquiredDt>
        <CostOrOtherBasisAmt>1205</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1205</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
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        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SECURITY SYSTEM DC</PropertyDesc>
        <AcquiredDt>2016-02-11</AcquiredDt>
        <CostOrOtherBasisAmt>7487</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7487</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>LEASEHOLD IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2016-01-26</AcquiredDt>
        <CostOrOtherBasisAmt>18335</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>9878</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>15.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1222</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1222</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE DC</PropertyDesc>
        <AcquiredDt>2015-08-25</AcquiredDt>
        <CostOrOtherBasisAmt>2760</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2760</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER EQUIPMENT</PropertyDesc>
        <AcquiredDt>2016-02-10</AcquiredDt>
        <CostOrOtherBasisAmt>1216</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1216</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE DC</PropertyDesc>
        <AcquiredDt>2016-02-11</AcquiredDt>
        <CostOrOtherBasisAmt>41437</CostOrOtherBasisAmt>
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        <ComputationMethodTxt>SL</ComputationMethodTxt>
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      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER EQUIPMENT</PropertyDesc>
        <AcquiredDt>2016-02-25</AcquiredDt>
        <CostOrOtherBasisAmt>1125</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1125</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
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        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
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        <AccumulatedDepreciationAmt>71400</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>6968</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6968</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>8940</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>8940</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>6211</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6211</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>137</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>137</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3120</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3120</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>4 CHAIRS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2321</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2321</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>ARTWORK</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>21960</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>21960</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>ARTWORK</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>68850</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>68850</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FRAMING</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>7350</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>7350</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1205</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1205</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1205</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1205</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SECURITY SYSTEM DC</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>7487</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>7487</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>LEASEHOLD IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>18335</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>11100</AccumulatedDepreciationAmt>
        <BookValueAmt>7235</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE DC</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2760</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2760</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1216</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1216</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE DC</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>41437</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>41437</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1125</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1125</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FOUR NEW MONITORS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>849</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>849</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>WEBSITE SOFTWARE D</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>19185</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>19185</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>442</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>442</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>ARTWORK</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2235</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2235</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>LAPTOP FOR LR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>954</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>954</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>WEBSITE SOFTWARE D</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>20388</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>20388</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>LEASEHOLD IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>18000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>7700</AccumulatedDepreciationAmt>
        <BookValueAmt>10300</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>LEASEHOLD IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>21890</CostOrOtherBasisAmt>
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        <BookValueAmt>12771</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1824</CostOrOtherBasisAmt>
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        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
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        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE &amp; FIXTURES</CategoryOrItemTxt>
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        <BookValueAmt>1000</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>KITCHEN APPLIANCE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3792</CostOrOtherBasisAmt>
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        <BookValueAmt>405</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>PHONE SYSTEM-399</CategoryOrItemTxt>
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        <BookValueAmt>1269</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>LEASEHOLD IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>4500</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1775</AccumulatedDepreciationAmt>
        <BookValueAmt>2725</BookValueAmt>
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      <LandEtcGrp>
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        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
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      <LandEtcGrp>
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        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
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        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>PHONE SYSTEM</CategoryOrItemTxt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
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        <BookValueAmt>842</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER LENOVO</CategoryOrItemTxt>
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        <BookValueAmt>0</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
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        <BookValueAmt>3346</BookValueAmt>
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        <CategoryOrItemTxt>LEASEHOLD IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>35121</CostOrOtherBasisAmt>
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        <BookValueAmt>20685</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1179</CostOrOtherBasisAmt>
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        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT DC</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>9003</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>8753</AccumulatedDepreciationAmt>
        <BookValueAmt>250</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>9335</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>9076</AccumulatedDepreciationAmt>
        <BookValueAmt>259</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3371</CostOrOtherBasisAmt>
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        <BookValueAmt>2769</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT DC</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>10088</CostOrOtherBasisAmt>
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        <BookValueAmt>4483</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
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        <BookValueAmt>322</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
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        <BookValueAmt>7439</BookValueAmt>
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        <BookValueAmt>14823</BookValueAmt>
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      <LandEtcGrp>
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        <BookValueAmt>4575</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>998</CostOrOtherBasisAmt>
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        <BookValueAmt>915</BookValueAmt>
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      <LandEtcGrp>
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        <DisbursementsCharitablePrpsAmt>13192</DisbursementsCharitablePrpsAmt>
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        <DisbursementsCharitablePrpsAmt>36399</DisbursementsCharitablePrpsAmt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>IT SERVICES</CategoryTxt>
        <Amt>40300</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>40300</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING FEE</CategoryTxt>
        <Amt>293325</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>293325</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>HONORARIUM FEES</CategoryTxt>
        <Amt>60000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>60000</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX ON INVESTMENTS</CategoryTxt>
        <Amt>13500</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>NYS TAX</CategoryTxt>
        <Amt>750</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
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</Return>