﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2025v4.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-07-02T08:59:51-04:00</ReturnTs>
    <TaxPeriodEndDt>2025-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>DAVIS &amp; GRUTMAN LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>325 BROADWAY</AddressLine1Txt>
        <CityNm>NEW YORK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10007</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2025-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>454110224</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE LEON POLK SMITH FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% DAVIS &amp; GRUTMAN LLP</InCareOfNm>
      <BusinessNameControlTxt>LEON</BusinessNameControlTxt>
      <USAddress>
        <AddressLine1Txt>529 WEST 20TH STREET Suite 10W</AddressLine1Txt>
        <CityNm>NEW YORK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10011</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JOHN KOEGEL</PersonNm>
      <PersonTitleTxt>BOARD MEMBER</PersonTitleTxt>
      <PhoneNum>2129532900</PhoneNum>
      <SignatureDt>2026-11-15</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>BENNET H GRUTMAN</PreparerPersonNm>
      <PTIN>P00598067</PTIN>
      <PhoneNum>2129532900</PhoneNum>
      <PreparationDt>2026-11-15</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="13">
    <IRS990PF documentId="IRS990PF">
      <AddressChangeInd>X</AddressChangeInd>
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>13052019</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>0</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>44442</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>44442</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>44442</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>64962</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>64962</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>64962</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>189680</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>3839341</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>189680</CapGainNetIncmNetInvstIncmAmt>
        <GrossSalesLessRetAndAllwncAmt>6213</GrossSalesLessRetAndAllwncAmt>
        <CostOfGoodsSoldAmt>1000</CostOfGoodsSoldAmt>
        <GrossProfitRevAndExpnssAmt referenceDocumentId="SalesOfInventoryList">5213</GrossProfitRevAndExpnssAmt>
        <GrossProfitAdjNetIncmAmt>5213</GrossProfitAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSch2">3520</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>3520</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>3520</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>307817</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>302604</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>118137</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>50000</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstAdjNetIncmAmt>42500</CompOfcrDirTrstAdjNetIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>40000</CompOfcrDirTrstDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSch">68289</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>0</LegalFeesNetInvstIncmAmt>
        <LegalFeesAdjNetIncmAmt>40973</LegalFeesAdjNetIncmAmt>
        <LegalFeesDsbrsChrtblAmt>68289</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSch">12284</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>6142</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>6142</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OthProfFeesSch">51232</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>51232</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesAdjNetIncmAmt>10246</OtherProfFeesAdjNetIncmAmt>
        <InterestRevAndExpnssAmt>207</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>207</InterestNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">6362</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>6362</TaxesNetInvstIncmAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="DepreciationSch">170</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnAdjNetIncmAmt>170</DeprecAndDpltnAdjNetIncmAmt>
        <OccupancyRevAndExpnssAmt>139444</OccupancyRevAndExpnssAmt>
        <OccupancyAdjNetIncmAmt>139444</OccupancyAdjNetIncmAmt>
        <OccupancyDsbrsChrtblAmt>139444</OccupancyDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>4460</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>2230</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingAdjNetIncmAmt>2230</TravConfMeetingAdjNetIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>2230</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">111698</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesAdjNetIncmAmt>83183</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>98403</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>444146</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>66173</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>318746</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>354508</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>239823</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>239823</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>683969</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>66173</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>318746</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>594331</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-376152</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>236431</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>122932</CashBOYAmt>
        <CashEOYAmt>96675</CashEOYAmt>
        <CashEOYFMVAmt>96675</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>74266</SavAndTempCashInvstBOYAmt>
        <CorporateStockBOYAmt>4733794</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">4362817</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>5775821</CorporateStockEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>9525</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>170</LandBldgEquipAccumDeprecAmt>
        <LandEOYAmt referenceDocumentId="LandEtcSch2">9355</LandEOYAmt>
        <LandEOYFMVAmt>9355</LandEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="OtherAssetsSch">7082968</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSch">7170168</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSch">7170168</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>12013960</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>11639015</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>13052019</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="OtherLiabSch">2158</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="OtherLiabSch">3365</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>2158</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>3365</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>12011802</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>11635650</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>12011802</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>11635650</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>12013960</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>11639015</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>12011802</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-376152</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>11635650</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>11635650</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE ATTACHED ST BOX A</PropertyDesc>
          <GrossSalesPriceAmt>2618061</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2721527</CostOrOtherBasisAmt>
          <GainOrLossAmt>-88454</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-103466</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE ATTACHED LT BOX D</PropertyDesc>
          <GrossSalesPriceAmt>1183175</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>936835</CostOrOtherBasisAmt>
          <GainOrLossAmt>249127</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>246340</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE ATTACHED LT BOX E</PropertyDesc>
          <GrossSalesPriceAmt>40980</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9098</CostOrOtherBasisAmt>
          <GainOrLossAmt>31882</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>31882</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>72</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>72</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>72</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>189680</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-88454</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>3286</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>3286</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>3286</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>493</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>5000</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>5493</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>134</EsPenaltyAmt>
        <OverpaymentAmt>2073</OverpaymentAmt>
        <AppliedToESTaxAmt>2073</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd referenceDocumentId="BinaryAttach">false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd referenceDocumentId="BinaryAttach">false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd referenceDocumentId="BinaryAttach">false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>true</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>DAVIS &amp; GRUTMAN LLP</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2129532900</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>325 BROADWAY SUITE 204</AddressLine1Txt>
          <CityNm>NEW YORK</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10007</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Charlotta Kotik</PersonNm>
          <USAddress>
            <AddressLine1Txt>567 HENRY STREET</AddressLine1Txt>
            <AddressLine2Txt>APT 1</AddressLine2Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11231</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE/Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Carter Ratcliffe</PersonNm>
          <USAddress>
            <AddressLine1Txt>373 RED TOP ROAD</AddressLine1Txt>
            <CityNm>HIGHLAND</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12528</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Patterson Sims</PersonNm>
          <USAddress>
            <AddressLine1Txt>142 5th Ave 9th Floor</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10011</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>50000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN KOEGEL</PersonNm>
          <USAddress>
            <AddressLine1Txt>180 VARICK STREET</AddressLine1Txt>
            <AddressLine2Txt>SUITE 1102</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10014</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER/CHAIRMAN/TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>PRESERVATION, MAINTENANCE AND ENHANCEMENT OF THE WORK OF LEON POLK SMITH AND TO ENHANCE THE UNDERSTANDING OF THE CREATIVE ARTS DURING THE GEOMETRIC-ABSTRACTION PERIOD.</Description1Txt>
        <Expenses1Amt>594331</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>5783829</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>220596</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>6004425</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>6004425</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>90066</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>5914359</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>295718</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>594331</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>594331</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>0</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2023</PriorYear1Yr>
        <PriorYear2Yr>2022</PriorYear2Yr>
        <PriorYear3Yr>2021</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>563194</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>752439</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>468647</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>349666</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>588310</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>2722256</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>594331</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <RemainingDistriFromCorpusAmt>594331</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>3316587</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>563194</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>2753393</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>752439</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>468647</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>349666</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>588310</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>594331</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>295718</CurrentYearAmt>
          <Year1Amt>284209</Year1Amt>
          <Year2Amt>249541</Year2Amt>
          <Year3Amt>250535</Year3Amt>
          <TotalAmt>1080003</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>251360</CurrentYearAmt>
          <Year1Amt>241578</Year1Amt>
          <Year2Amt>212110</Year2Amt>
          <Year3Amt>212955</Year3Amt>
          <TotalAmt>918003</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>594331</CurrentYearAmt>
          <Year1Amt>588310</Year1Amt>
          <Year2Amt>751112</Year2Amt>
          <Year3Amt>468647</Year3Amt>
          <TotalAmt>2402400</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>239823</CurrentYearAmt>
          <Year1Amt>386362</Year1Amt>
          <Year2Amt>591922</Year2Amt>
          <Year3Amt>311648</Year3Amt>
          <TotalAmt>1529755</TotalAmt>
        </QualifyingDistriNotUsedDrtGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>354508</CurrentYearAmt>
          <Year1Amt>201948</Year1Amt>
          <Year2Amt>159190</Year2Amt>
          <Year3Amt>156999</Year3Amt>
          <TotalAmt>872645</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TotalAssetsGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsSect4942j3BiGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>197145</CurrentYearAmt>
          <Year1Amt>189473</Year1Amt>
          <Year2Amt>166361</Year2Amt>
          <Year3Amt>167023</Year3Amt>
          <TotalAmt>720002</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>NA</ContributingManagerNm>
        <ShareholderManagerNm>NA</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARTTABLE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1 EAST 53RD STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>FURTHERANCE OF EXEMPT PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CAMARGO FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>550 VANDALIA STREET</AddressLine1Txt>
            <AddressLine2Txt>SUITE 109</AddressLine2Txt>
            <CityNm>ST PAUL</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55114</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>FURTHERANCE OF EXEMPT PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INTERNATIONAL STUDIO &amp; CURATORIAL PROGRAM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1040 Metropolitan Ave</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11211</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>41998</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>The Land with No Name Sanctuary</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3655 S Liberty Ave</AddressLine1Txt>
            <CityNm>Tucson</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85713</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>The Aspen Institute</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>419 Park Ave S</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10016</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>IAIA Mueseum of Contemporary Native Arts</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>108 Cathedral Pl</AddressLine1Txt>
            <CityNm>STANTA FE</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87501</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>River Valley Arts Collective</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>23 Big Rock LP</AddressLine1Txt>
            <CityNm>KATONAH</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10536</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AAMC Foundation</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>205 Lexington Avenue</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10016</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>15325</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Independent Curators International</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>401 Broadway 1620</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10013</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>27500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Archives Of American Art</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>300 Park Ave S 300</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10010</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SWISS INSTITUTE (CANNY)</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>38 St Marks Pl</AddressLine1Txt>
            <CityNm>New YorK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10003</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Franklin Furnace</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>30-30 47th Ave suite 470</AddressLine1Txt>
            <CityNm>Long Island City</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11101</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Oklahoma State University Foundation (OSU)</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 1749</AddressLine1Txt>
            <CityNm>Stillwater</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>74076</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>12000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>The Atelier 17 Project</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 250110</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10025</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Woodstock Byrdcliffe Guild</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>34 Tinker St 4</AddressLine1Txt>
            <CityNm>Woodstock</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12498</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Furtherance of Exempt Purpose</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>239823</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>44442</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>64962</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncomeGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>189680</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp>
          <ExclusionCd>26</ExclusionCd>
          <ExclusionAmt>5213</ExclusionAmt>
        </GrossProfitLossSlsOfInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OTHER INCOME</Desc>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>3520</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>307817</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>307817</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="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING</CategoryTxt>
        <Amt>12284</Amt>
        <NetInvestmentIncomeAmt>6142</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6142</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch">
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE &amp; FIXTUR</PropertyDesc>
        <AcquiredDt>2025-10-08</AcquiredDt>
        <CostOrOtherBasisAmt>9525</CostOrOtherBasisAmt>
        <ComputationMethodTxt>M7D</ComputationMethodTxt>
        <LifeRt>7</LifeRt>
        <CurrentYearExpenseAmt>170</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>SECURITIES</StockNm>
        <EOYBookValueAmt>4362817</EOYBookValueAmt>
        <EOYFMVAmt>5775821</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="LandEtcSch2">
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE &amp; FIXTUR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>9525</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>170</AccumulatedDepreciationAmt>
        <BookValueAmt>9355</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSch">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>68289</LegalFeesAmt>
        <AdjustedNetIncomeAmt>40973</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>68289</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssetsScheduleGrp>
        <Desc>ARTWORK</Desc>
        <BOYBookValueAmt>7056739</BOYBookValueAmt>
        <EOYBookValueAmt>7143939</EOYBookValueAmt>
        <EOYFMVAmt>7143939</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>SECURITY DEPOSIT</Desc>
        <BOYBookValueAmt>26229</BOYBookValueAmt>
        <EOYBookValueAmt>26229</EOYBookValueAmt>
        <EOYFMVAmt>26229</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>DESIGN</Desc>
        <RevenueAndExpensesPerBooksAmt>20913</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>20913</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>20913</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE EXPENSE - E &amp; O</Desc>
        <RevenueAndExpensesPerBooksAmt>13295</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>13295</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>STORAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>1504</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>1504</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1504</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CATALOGUING</Desc>
        <RevenueAndExpensesPerBooksAmt>2683</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>2683</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2683</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CONSERVATION</Desc>
        <RevenueAndExpensesPerBooksAmt>15550</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>15550</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>15550</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>1000</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>1000</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1000</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WEBSITE &amp; INTERNET</Desc>
        <RevenueAndExpensesPerBooksAmt>4282</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4282</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>GIFTS</Desc>
        <RevenueAndExpensesPerBooksAmt>600</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>600</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CONTRACTORS</Desc>
        <RevenueAndExpensesPerBooksAmt>39958</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>19979</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>39958</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>1200</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1200</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>913</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>913</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NYS FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>775</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>775</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FRAMING</Desc>
        <RevenueAndExpensesPerBooksAmt>7237</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>7237</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7237</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FREIGHT &amp; DELIVERY</Desc>
        <RevenueAndExpensesPerBooksAmt>675</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>675</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SHIPPING</Desc>
        <RevenueAndExpensesPerBooksAmt>930</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>930</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>930</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MEALS ENTERTAINMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>183</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>92</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>183</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>OTHER INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>3520</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3520</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3520</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="OtherLiabSch">
      <OtherLiabilitiesDetail>
        <Desc>LINE OF CREDIT</Desc>
        <BOYBookValueAmt>2158</BOYBookValueAmt>
        <EOYBookValueAmt>3365</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISORY FEES</CategoryTxt>
        <Amt>51232</Amt>
        <NetInvestmentIncomeAmt>51232</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>10246</AdjustedNetIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <SalesOfInventoryList documentId="SalesOfInventoryList">
      <InventorySaleGrp>
        <CategoryTxt>ARTWORK</CategoryTxt>
        <GrossSalesAmt>6213</GrossSalesAmt>
        <CostOfGoodsSoldAmt>1000</CostOfGoodsSoldAmt>
        <NetAmt>5213</NetAmt>
      </InventorySaleGrp>
    </SalesOfInventoryList>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN WITHHOLDING</CategoryTxt>
        <Amt>2084</Amt>
        <NetInvestmentIncomeAmt>2084</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL INCOME TAX</CategoryTxt>
        <Amt>4278</Amt>
        <NetInvestmentIncomeAmt>4278</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>