﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2025v4.1" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-08-12T09:42:10-07:00</ReturnTs>
    <TaxPeriodEndDt>2026-02-28</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>203025994</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>BAKER &amp; ASSOCIATES CPAS LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>188 N BROOKWOOD AVE STE 100</AddressLine1Txt>
        <CityNm>HAMILTON</CityNm>
        <StateAbbreviationCd>OH</StateAbbreviationCd>
        <ZIPCd>45013</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2025-03-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>311113243</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE MARKARIAN FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>MARK</BusinessNameControlTxt>
      <PhoneNum>5755253079</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 13416</AddressLine1Txt>
        <CityNm>LAS CRUCES</CityNm>
        <StateAbbreviationCd>NM</StateAbbreviationCd>
        <ZIPCd>88013</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>WILLIAM GLASGOW</PersonNm>
      <PersonTitleTxt>Trustee</PersonTitleTxt>
      <SignatureDt>2026-08-10</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Gary J Spenlau</PreparerPersonNm>
      <PTIN>P00292573</PTIN>
      <PhoneNum>5138961234</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="25022934" softwareVersionNum="2025v4.1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>4444702</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>9908</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>9908</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>9908</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>76239</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>76239</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>76239</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>295558</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1479669</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>295558</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>9219</NetSTCapitalGainAdjNetIncmAmt>
        <GrossSalesLessRetAndAllwncAmt>7257</GrossSalesLessRetAndAllwncAmt>
        <CostOfGoodsSoldAmt>3811</CostOfGoodsSoldAmt>
        <GrossProfitRevAndExpnssAmt referenceDocumentId="SalesOfInventorySchedule">3446</GrossProfitRevAndExpnssAmt>
        <GrossProfitAdjNetIncmAmt>3446</GrossProfitAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>385151</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>381705</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>98812</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>95000</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>95000</CompOfcrDirTrstDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">2485</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>2485</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">132</TaxesRevAndExpnssAmt>
        <TaxesDsbrsChrtblAmt>132</TaxesDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>5533</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>5533</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">48556</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>37309</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>11247</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>151706</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>37309</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>114397</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>60000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>60000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>211706</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>37309</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>174397</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>173445</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>344396</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>98812</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>195872</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>286835</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>286835</SavAndTempCashInvstEOYFMVAmt>
        <InventoriesBOYAmt>49368</InventoriesBOYAmt>
        <InventoriesEOYAmt>45557</InventoriesEOYAmt>
        <InventoriesEOYFMVAmt>45557</InventoriesEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>211365</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt>129512</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>129512</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>3036411</CorporateStockBOYAmt>
        <CorporateStockEOYAmt>3482798</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>3482798</CorporateStockEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>766</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>766</LandBldgEquipAccumDeprecAmt>
        <OtherAssetsBOYAmt referenceDocumentId="OtherAssetsSchedule">150344</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSchedule">150344</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSchedule">500000</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>3643360</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>4095046</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>4444702</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>3643360</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>4095046</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>3643360</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>4095046</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>3643360</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>4095046</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>3643360</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>173445</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">278241</OtherIncreasesAmt>
        <SubtotalAmt>4095046</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>4095046</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ST STOCK SALES TAGC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-03-01</AcquiredDt>
          <SoldDt>2026-02-28</SoldDt>
          <GrossSalesPriceAmt>521548</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>512329</CostOrOtherBasisAmt>
          <GainOrLossAmt>9219</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>9219</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LT STOCK SALES TAGC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2000-03-01</AcquiredDt>
          <SoldDt>2026-02-28</SoldDt>
          <GrossSalesPriceAmt>958121</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>671782</CostOrOtherBasisAmt>
          <GainOrLossAmt>286339</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>286339</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>295558</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>9219</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>4787</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>4787</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>4787</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>2874</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>750</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>3624</TotalPaymentsAndCreditsAmt>
        <TaxDueAmt>1163</TaxDueAmt>
        <AppliedToESTaxAmt>0</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>OH</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>WILLIAM GLASGOW</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>5755253079</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>2481 CLEARVIEW DRIVE</AddressLine1Txt>
          <CityNm>LAS CRUCES</CityNm>
          <StateAbbreviationCd>NM</StateAbbreviationCd>
          <ZIPCd>88011</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>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <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>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WILLIAM GLASGOW</PersonNm>
          <USAddress>
            <AddressLine1Txt>2481 CLEARVIEW DRIVE</AddressLine1Txt>
            <CityNm>LAS CRUCES</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>88011</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>35000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GREGORY MARKARIAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1040 WHITE DEER</AddressLine1Txt>
            <CityNm>LA CANDA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91011</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>30000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHAEL VAN GELDER</PersonNm>
          <USAddress>
            <AddressLine1Txt>4411 WEST VIRGINIA AVE</AddressLine1Txt>
            <CityNm>BETHESDA</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20814</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>30000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>THE FOUNDATION OFFERS ITS ANTIQUE AND ORIENTAL RUGS TO MUSEUMS AND HAS AN ONGOING RELATIONSHIP WITH THE TEXTILE MUSEUM AND THE CINCINNATI ART MUSEUM TO FINANCIALLY SUPPORT RELATED PROJECTS.</Description1Txt>
        <Expenses1Amt>60000</Expenses1Amt>
        <Description2Txt>PROMOTES EDUCATION ON ORIENTAL RUGS BY LOAN OF PERIOD PIECES</Description2Txt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>3397510</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>343245</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>45557</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3786312</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>3786312</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>56795</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>3729517</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>186476</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>186476</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>4787</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>4787</TotalTaxAmt>
        <DistributableBeforeAdjAmt>181689</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>181689</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>181689</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>174397</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>174397</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>181689</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr2Amt>19244</ExcessDistributionCyovYr2Amt>
        <TotalExcessDistributionCyovAmt>19244</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>174397</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>174397</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>7292</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>7292</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>11952</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>11952</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>11952</ExcessFromYear2Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>MARKARIAN FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 13416</AddressLine1Txt>
            <CityNm>LAS CRUCES</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>88013</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5755253079</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>SUBMIT IN WRITING ON ORGANIZATION'S LETTERHEAD AND LIMIT TO NAME, ADDRESS, AND PHONE NUMBER. ALSO LIST CHARITABLE PURPOSE AND THE DATE AND LOCATIONS REQUESTED FOR THE DISPLAY.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>N/A</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>N/A</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE TEXTILE MUSEUM</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>701 21st St NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20052</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>The Textile Museum was given a donation to further public knowledge and appreciation of textiles and textile art.</GrantOrContributionPurposeTxt>
          <Amt>45000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CINCINNATI ART MUSEUM</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>953 EDEN PARK DR</AddressLine1Txt>
            <CityNm>CINCINNATI</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>45202</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>The Cincinnati Art Museum was given donations for a textile curator project and pledge commitment.</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>60000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>9908</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>76239</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>295558</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <GrossProfitLossSlsOfInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>3446</RelatedOrExemptFunctionIncmAmt>
        </GrossProfitLossSlsOfInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>381705</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>3446</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>385151</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="25022934" softwareVersionNum="2025v4.1">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING AND TAX PREP FEES</CategoryTxt>
        <Amt>2485</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2485</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="25022934" softwareVersionNum="2025v4.1">
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>766</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>766</AccumulatedDepreciationAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="25022934" softwareVersionNum="2025v4.1">
      <OtherAssetsScheduleGrp>
        <Desc>RUG COLLECTION</Desc>
        <BOYBookValueAmt>150344</BOYBookValueAmt>
        <EOYBookValueAmt>150344</EOYBookValueAmt>
        <EOYFMVAmt>500000</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="25022934" softwareVersionNum="2025v4.1">
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>37309</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>37309</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>210</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>210</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PROPERTY INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>5475</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>5475</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REGISTRATION FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>200</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>200</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>STORAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>5362</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>5362</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <SalesOfInventoryList documentId="SalesOfInventorySchedule" softwareId="25022934" softwareVersionNum="2025v4.1">
      <InventorySaleGrp>
        <CategoryTxt>SALES OF RUGS</CategoryTxt>
        <GrossSalesAmt>7257</GrossSalesAmt>
        <CostOfGoodsSoldAmt>3811</CostOfGoodsSoldAmt>
        <NetAmt>3446</NetAmt>
      </InventorySaleGrp>
    </SalesOfInventoryList>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="25022934" softwareVersionNum="2025v4.1">
      <TaxesDetail>
        <CategoryTxt>FOREIGN INVESTMENT TAX</CategoryTxt>
        <Amt>132</Amt>
        <DisbursementsCharitablePrpsAmt>132</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>