﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2025v4.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-07-22T10:24:54-04:00</ReturnTs>
    <TaxPeriodEndDt>2026-05-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>133094250</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>BLY &amp; BENDEL CPA'S</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>305 BROADWAY SUITE 202</AddressLine1Txt>
        <CityNm>NEW YORK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10007</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2025-06-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>136094082</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE HENSHEL FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>HENS</BusinessNameControlTxt>
      <PhoneNum>2024275116</PhoneNum>
      <USAddress>
        <AddressLine1Txt>4808 MOORLAND LANE</AddressLine1Txt>
        <CityNm>BETHESDA</CityNm>
        <StateAbbreviationCd>MD</StateAbbreviationCd>
        <ZIPCd>20814</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>PATTI J HENSHEL</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>2024275116</PhoneNum>
      <SignatureDt>2026-07-20</SignatureDt>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>GARY BENDEL</PreparerPersonNm>
      <PTIN>P00273594</PTIN>
      <PhoneNum>2129221188</PhoneNum>
      <PreparationDt>2026-07-20</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="5">
    <IRS990PF documentId="RetDoc6" referenceDocumentId="RetDoc5">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>7307553</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>107748</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>107748</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>24129</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>717864</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>24129</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>131877</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>131877</TotalNetInvstIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc1">8750</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>7000</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>1750</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc4">48707</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>48707</OtherProfFeesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc3">323</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>162</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>161</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>57780</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>55869</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>1911</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>360400</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>360400</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>418180</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>55869</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>362311</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-286303</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>76008</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>40455</CashBOYAmt>
        <CashEOYAmt>104783</CashEOYAmt>
        <CashEOYFMVAmt>104784</CashEOYFMVAmt>
        <CorporateStockBOYAmt>2349899</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2">1999268</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>7202769</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>2390354</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2104051</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>7307553</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>2390354</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>2104051</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2390354</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2104051</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2390354</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2104051</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2390354</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-286303</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2104051</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>2104051</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>50 SH COGNEX CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-16</AcquiredDt>
          <SoldDt>2025-08-29</SoldDt>
          <GrossSalesPriceAmt>2199</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>381</CostOrOtherBasisAmt>
          <GainOrLossAmt>1818</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1818</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>59 SH PGIM TOTAL RETURN BOND Z</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-09-30</AcquiredDt>
          <SoldDt>2025-12-09</SoldDt>
          <GrossSalesPriceAmt>721</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>722</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1000 SH DEVON ENERGY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-08-09</AcquiredDt>
          <SoldDt>2025-08-29</SoldDt>
          <GrossSalesPriceAmt>35975</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>51088</CostOrOtherBasisAmt>
          <GainOrLossAmt>-15113</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-15113</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>4804 SH W S MLP &amp; ENERGRY INFRA INST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-08-09</AcquiredDt>
          <SoldDt>2026-01-13</SoldDt>
          <GrossSalesPriceAmt>50000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>34956</CostOrOtherBasisAmt>
          <GainOrLossAmt>15044</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>15044</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>33 SH DOW INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2017-08-08</AcquiredDt>
          <SoldDt>2025-08-29</SoldDt>
          <GrossSalesPriceAmt>811</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2114</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1303</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1303</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LORD ABBETT CONVERTIBLE I</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-08-25</AcquiredDt>
          <SoldDt>2026-03-26</SoldDt>
          <GrossSalesPriceAmt>147450</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>115597</CostOrOtherBasisAmt>
          <GainOrLossAmt>31853</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>31853</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>67 SH DOW INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-05-15</AcquiredDt>
          <SoldDt>2025-08-29</SoldDt>
          <GrossSalesPriceAmt>1645</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3569</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1924</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1924</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>2414 W S MLP &amp; ENERGY INFRA INST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-08-09</AcquiredDt>
          <SoldDt>2026-03-26</SoldDt>
          <GrossSalesPriceAmt>30000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>17565</CostOrOtherBasisAmt>
          <GainOrLossAmt>12435</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>12435</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>299 SH DOW INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>1997-01-14</AcquiredDt>
          <SoldDt>2025-08-29</SoldDt>
          <GrossSalesPriceAmt>7342</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4981</CostOrOtherBasisAmt>
          <GainOrLossAmt>2361</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2361</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LORD ABBETT CONVERTIBLE I</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-03-27</AcquiredDt>
          <SoldDt>2025-03-26</SoldDt>
          <GrossSalesPriceAmt>580</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>523</CostOrOtherBasisAmt>
          <GainOrLossAmt>57</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>57</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>12167 SH JOHN HANCOCK FDS STR INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-05-15</AcquiredDt>
          <SoldDt>2025-09-30</SoldDt>
          <GrossSalesPriceAmt>125684</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>131688</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6004</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6004</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PGIM TOTAL RETURN BOND Z</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-09-30</AcquiredDt>
          <SoldDt>2026-03-26</SoldDt>
          <GrossSalesPriceAmt>49668</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>50467</CostOrOtherBasisAmt>
          <GainOrLossAmt>-799</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-799</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>451 SH JOHN HANCOCK FDS STR INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2024-09-30</AcquiredDt>
          <SoldDt>2025-09-30</SoldDt>
          <GrossSalesPriceAmt>4656</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4551</CostOrOtherBasisAmt>
          <GainOrLossAmt>105</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>105</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PGIM TOTAL RETURN BOND Z</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-09-30</AcquiredDt>
          <SoldDt>2026-03-26</SoldDt>
          <GrossSalesPriceAmt>332</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>338</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>450 SH CHEVRON CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-08-09</AcquiredDt>
          <SoldDt>2025-09-30</SoldDt>
          <GrossSalesPriceAmt>69538</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>72065</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2527</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2527</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>100 SH NESTLE SPON ADR REP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2017-08-08</AcquiredDt>
          <SoldDt>2025-09-30</SoldDt>
          <GrossSalesPriceAmt>9166</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8528</CostOrOtherBasisAmt>
          <GainOrLossAmt>638</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>638</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>400 SH PFIZER INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-04</AcquiredDt>
          <SoldDt>2025-09-30</SoldDt>
          <GrossSalesPriceAmt>2455</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1640</CostOrOtherBasisAmt>
          <GainOrLossAmt>815</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>815</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>400 SH PFIZER INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-10-26</AcquiredDt>
          <SoldDt>2025-09-30</SoldDt>
          <GrossSalesPriceAmt>9818</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7279</CostOrOtherBasisAmt>
          <GainOrLossAmt>2539</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2539</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>500 SH UNITED PARCEL SER INC CL-B</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-04-11</AcquiredDt>
          <SoldDt>2025-09-30</SoldDt>
          <GrossSalesPriceAmt>41593</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>53161</CostOrOtherBasisAmt>
          <GainOrLossAmt>-11568</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-11568</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>200 SH ZOETIS INC CLASS A</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-05-26</AcquiredDt>
          <SoldDt>2025-09-30</SoldDt>
          <GrossSalesPriceAmt>28904</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>32982</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4078</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4078</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>.5 SH QNITY ELECTRONICS INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>1997-01-14</AcquiredDt>
          <SoldDt>2025-11-03</SoldDt>
          <GrossSalesPriceAmt>47</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14</CostOrOtherBasisAmt>
          <GainOrLossAmt>33</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>33</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>8185 SH PGIM TOTAL RETURN BOND Z</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-09-30</AcquiredDt>
          <SoldDt>2025-12-09</SoldDt>
          <GrossSalesPriceAmt>99280</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>99526</CostOrOtherBasisAmt>
          <GainOrLossAmt>-246</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-246</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>24129</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-890</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1057</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>1057</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1057</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>5204</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>5204</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>4147</OverpaymentAmt>
        <AppliedToESTaxAmt>4147</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>PATTI HENSHEL</IndividualWithBooksNm>
        <PhoneNum>2024275116</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>4808 MOORLAND LANE</AddressLine1Txt>
          <CityNm>BETHESDA</CityNm>
          <StateAbbreviationCd>MD</StateAbbreviationCd>
          <ZIPCd>20814</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>
        <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>PATTI J HENSHEL</PersonNm>
          <USAddress>
            <AddressLine1Txt>4808 MOORLAND LANE</AddressLine1Txt>
            <CityNm>BETHESDA</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20814</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAYLE J HENSHEL</PersonNm>
          <USAddress>
            <AddressLine1Txt>315 EAST 86TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10028</ZIPCd>
          </USAddress>
          <TitleTxt>SECT- TREAS</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>6430796</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>72620</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>6503416</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>6503416</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>97551</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>6405865</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>320293</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>320293</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1057</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1057</TotalTaxAmt>
        <DistributableBeforeAdjAmt>319236</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>319236</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>319236</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>362311</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>362311</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>319236</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr4Amt>27327</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>66248</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>44771</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>333</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>138679</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>362311</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>319236</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>43075</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>181754</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>181754</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>27327</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>66248</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>44771</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>333</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>43075</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SEE ATTACHED</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SEE ATTACHED</AddressLine1Txt>
            <AddressLine2Txt>SEE ATTACHED</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10007</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>NC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>360400</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>360400</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>107748</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>24129</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>131877</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>131877</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="RetDoc1">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>8750</Amt>
        <NetInvestmentIncomeAmt>7000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1750</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2">
      <InvestmentsCorporateStockGrp>
        <StockNm>CORPORATE STOCK</StockNm>
        <EOYBookValueAmt>1999268</EOYBookValueAmt>
        <EOYFMVAmt>7202769</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc3">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NYS FING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>250</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>125</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>125</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>73</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>37</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>36</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc4">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISORS FEES</CategoryTxt>
        <Amt>48707</Amt>
        <NetInvestmentIncomeAmt>48707</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>