﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-01-30T15:21:15-08:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>MARY E EDMISTON ATTORNEY</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>5215 N OCONNOR BLVD STE 485</AddressLine1Txt>
        <CityNm>IRVING</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>75039</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>752707561</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>KOWITZ FAMILY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>KOWI</BusinessNameControlTxt>
      <PhoneNum>2147201488</PhoneNum>
      <USAddress>
        <AddressLine1Txt>5215 N O CONNOR BLVD STE 485 485</AddressLine1Txt>
        <CityNm>IRVING</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>75039</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>DAVID KOWITZ</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2026-01-30</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>MARY EDMISTON</PreparerPersonNm>
      <PTIN>P01470328</PTIN>
      <PhoneNum>9724675400</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="4">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation BinaryAttachment.1" softwareId="24020486" softwareVersionNum="2024v5.2">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1104566</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>6</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>6</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>6</InterestOnSavingsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>132091</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>164365</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>132091</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>2077</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">-2005</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>-2005</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>130092</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>130092</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>2083</TotalAdjNetIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">4319</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>4319</OtherProfFeesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">-1044</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>-1044</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>3275</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>3275</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>199420</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>199420</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>202695</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>3275</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>199420</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-72603</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>126817</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2083</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>17683</CashBOYAmt>
        <CashEOYAmt>17685</CashEOYAmt>
        <CashEOYFMVAmt>17685</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>10399</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>25715</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>25715</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>482889</CorporateStockBOYAmt>
        <CorporateStockEOYAmt>450616</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>737842</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>379042</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt>323394</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>323324</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>890013</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>817410</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1104566</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>890013</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>817410</CapitalStockEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>890013</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>817410</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>890013</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>817410</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>890013</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-72603</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>817410</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>817410</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1.5626 INDUS JAPAN LTD.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>8500</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3437</CostOrOtherBasisAmt>
          <GainOrLossAmt>5063</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5063</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>5.87 INDUSPACIFIC OPPORTUNITIES FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-01-01</AcquiredDt>
          <SoldDt>2024-03-31</SoldDt>
          <GrossSalesPriceAmt>30000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>19414</CostOrOtherBasisAmt>
          <GainOrLossAmt>10586</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>10586</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>2.27 INDUS SELECT FUND LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-04-01</AcquiredDt>
          <SoldDt>2024-03-31</SoldDt>
          <GrossSalesPriceAmt>11500</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9423</CostOrOtherBasisAmt>
          <GainOrLossAmt>2077</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2077</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BAY CAPITAL FEEDER FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>114365</GrossSalesPriceAmt>
          <GainOrLossAmt>114365</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>114365</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>132091</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>2077</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1763</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>1763</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1763</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>1986</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>1986</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>223</OverpaymentAmt>
        <AppliedToESTaxAmt>223</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>TX</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>MARY E EDMISTON</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2147201488</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>5215 N OCONNOR BLVD STE 485</AddressLine1Txt>
          <CityNm>IRVING</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>750393713</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>DAVID KOWITZ</PersonNm>
          <USAddress>
            <AddressLine1Txt>44 WOOD ROAD</AddressLine1Txt>
            <CityNm>BEDFORD HILLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10507</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.10</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SARAH KOWITZ</PersonNm>
          <USAddress>
            <AddressLine1Txt>44 Wood Road</AddressLine1Txt>
            <CityNm>Bedford Hills</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10507</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.10</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVID KOWITZ</PersonNm>
          <USAddress>
            <AddressLine1Txt>44 WOOD ROAD</AddressLine1Txt>
            <CityNm>BEFORD HILLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10507</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.10</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVID KOWITZ</PersonNm>
          <USAddress>
            <AddressLine1Txt>44 WOOD ROAD</AddressLine1Txt>
            <CityNm>BEDFORD HILLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10507</ZIPCd>
          </USAddress>
          <TitleTxt>Treasurer</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.10</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SARAH KOWITZ</PersonNm>
          <USAddress>
            <AddressLine1Txt>44 WOOD ROAD</AddressLine1Txt>
            <CityNm>BEDFORD HILLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10507</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.10</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JULIE KOWITZ MARGOLIES</PersonNm>
          <USAddress>
            <AddressLine1Txt>125 BROAD ST 18TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10004</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.10</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>718507</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>60956</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>323324</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1102787</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1102787</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>16542</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1086245</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>54312</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>54312</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1763</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1763</TotalTaxAmt>
        <DistributableBeforeAdjAmt>52549</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>52549</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>52549</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>199420</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>199420</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>52549</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>77538</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>256533</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>136924</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr1Amt>200271</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>671266</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>199420</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>52549</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>146871</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>818137</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>77538</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>740599</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>256533</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>136924</ExcessFromYear3Amt>
        <ExcessFromYear1Amt>200271</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>146871</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>SARAH KOWITZ</ContributingManagerNm>
        <ContributingManagerNm>DAVID KOWITZ</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KOWITZ FAMILY FOUNDATION UK</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>20 SAVILE ROW</AddressLine1Txt>
            <CityNm>LONDON</CityNm>
            <CountryCd>UK</CountryCd>
            <ForeignPostalCd>WC2B 5AH</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>COMMON TRUSTEE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING FUNDS</GrantOrContributionPurposeTxt>
          <Amt>180920</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BIG BROTHERS BIG SISTERS OF NY CITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>40 RECTOR ST</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10006</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING FUNDS</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PHILADELPHIA MUSEUM OF ART</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2600 BENJAMIN FRANKLIN PKWY</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19130</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING FUNDS</GrantOrContributionPurposeTxt>
          <Amt>12500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>NEW YORK COMMON PANTRY INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>8 EAST 109TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10029</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING FUNS</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MUSEUM OF THE AMERICAN REVOLUTION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>101 S THIRD ST</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19106</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING FUNDS</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>199420</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>6</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <OtherInvestmentIncomeGrp>
          <RelatedOrExemptFunctionIncmAmt>2005</RelatedOrExemptFunctionIncmAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>132091</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>130092</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>130092</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>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="24020486" softwareVersionNum="2024v5.2">
      <OtherExpensesScheduleGrp>
        <Desc>APEX CLASS LTD</Desc>
        <RevenueAndExpensesPerBooksAmt>-1044</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1044</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="24020486" softwareVersionNum="2024v5.2">
      <OtherIncomeDetail>
        <Desc>Other Investment Income</Desc>
        <RevenueAndExpensesPerBooksAmt>-2005</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-2005</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="24020486" softwareVersionNum="2024v5.2">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>BAY CAPITAL FEEDER FUND</CategoryTxt>
        <Amt>4319</Amt>
        <NetInvestmentIncomeAmt>4319</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>