﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2025v4.2">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-08-24T08:43:57-05:00</ReturnTs>
    <TaxPeriodEndDt>2025-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>113172155</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>GEORGE L KLUEG CPA PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>ONE HUNTINGTON QUADRANGLE 3N18</AddressLine1Txt>
        <CityNm>MELVILLE</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>11747</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2025-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>136260339</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>MAX J &amp; WINNIE S ROSENSHEIN FOUNDATION</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>INC C/O TIM COSTELLO</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>MAXJ</BusinessNameControlTxt>
      <PhoneNum>2127554321</PhoneNum>
      <USAddress>
        <AddressLine1Txt>60 EAST 42ND STREET 40TH FLOOR</AddressLine1Txt>
        <CityNm>NEW YORK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10165</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>TIMOTHY M COSTELLO</PersonNm>
      <PersonTitleTxt>PRESIDENT/DIRECTOR</PersonTitleTxt>
      <PhoneNum>2127554321</PhoneNum>
      <SignatureDt>2026-07-28</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>GEORGE L KLUEG</PreparerPersonNm>
      <PTIN>P00391825</PTIN>
      <PhoneNum>5164443399</PhoneNum>
      <PreparationDt>2026-07-28</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>13739673</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>402160</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>402160</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>181869</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1663968</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>181869</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>584029</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>584029</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>60000</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>3000</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>57000</CompOfcrDirTrstDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">5000</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>2000</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>3000</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">20013</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>13</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">4736</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>14</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>4722</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>89749</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>5027</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>64722</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>677500</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>677500</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>767249</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>5027</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>742222</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-183220</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>579002</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>469856</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>504459</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>504459</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>6836109</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">6562258</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>11968663</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>1211362</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc2018100001">1265211</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>1266551</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>8517327</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>8331928</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>13739673</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>8517327</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>8331928</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>8517327</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>8331928</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>8517327</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>8331928</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>8517327</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-183220</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>8334107</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc2049800001">2179</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>8331928</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>H&amp;E EQUIP SVCS INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2024-05-01</AcquiredDt>
          <SoldDt>2025-01-14</SoldDt>
          <GrossSalesPriceAmt>27017</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>13943</CostOrOtherBasisAmt>
          <GainOrLossAmt>13074</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>13074</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>H&amp;E EQUIP SVCS INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2024-05-01</AcquiredDt>
          <SoldDt>2025-01-14</SoldDt>
          <GrossSalesPriceAmt>63040</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>32547</CostOrOtherBasisAmt>
          <GainOrLossAmt>30493</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>30493</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>H&amp;E EQUIP SVCS INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2024-07-10</AcquiredDt>
          <SoldDt>2025-01-14</SoldDt>
          <GrossSalesPriceAmt>45029</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>22124</CostOrOtherBasisAmt>
          <GainOrLossAmt>22905</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>22905</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MRC GLOBAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-04-28</AcquiredDt>
          <SoldDt>2025-06-10</SoldDt>
          <GrossSalesPriceAmt>25379</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>23654</CostOrOtherBasisAmt>
          <GainOrLossAmt>1725</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1725</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UST NOTE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-03-25</AcquiredDt>
          <SoldDt>2025-06-02</SoldDt>
          <GrossSalesPriceAmt>500000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>500000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BAXTER INTERNATIONAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-07-12</AcquiredDt>
          <SoldDt>2025-08-05</SoldDt>
          <GrossSalesPriceAmt>11230</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>23403</CostOrOtherBasisAmt>
          <GainOrLossAmt>-12173</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-12173</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAMING &amp; LEISURE PROPERTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-10-15</AcquiredDt>
          <SoldDt>2025-07-24</SoldDt>
          <GrossSalesPriceAmt>93670</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>76713</CostOrOtherBasisAmt>
          <GainOrLossAmt>16957</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>16957</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAMING &amp; LEISURE PROPERTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-10-30</AcquiredDt>
          <SoldDt>2025-07-24</SoldDt>
          <GrossSalesPriceAmt>140505</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>119425</CostOrOtherBasisAmt>
          <GainOrLossAmt>21080</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>21080</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAMING &amp; LEISURE PROPERTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-07-01</AcquiredDt>
          <SoldDt>2025-07-24</SoldDt>
          <GrossSalesPriceAmt>2857</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2316</CostOrOtherBasisAmt>
          <GainOrLossAmt>541</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>541</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAMING &amp; LEISURE PROPERTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-09-28</AcquiredDt>
          <SoldDt>2025-07-24</SoldDt>
          <GrossSalesPriceAmt>2951</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2361</CostOrOtherBasisAmt>
          <GainOrLossAmt>590</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>590</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAMING &amp; LEISURE PROPERTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-12-28</AcquiredDt>
          <SoldDt>2025-07-24</SoldDt>
          <GrossSalesPriceAmt>2482</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2285</CostOrOtherBasisAmt>
          <GainOrLossAmt>197</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>197</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAMING &amp; LEISURE PROPERTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-04-09</AcquiredDt>
          <SoldDt>2025-07-24</SoldDt>
          <GrossSalesPriceAmt>23418</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>21776</CostOrOtherBasisAmt>
          <GainOrLossAmt>1642</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1642</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAMING &amp; LEISURE PROPERTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-04-21</AcquiredDt>
          <SoldDt>2025-07-24</SoldDt>
          <GrossSalesPriceAmt>61963</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>60706</CostOrOtherBasisAmt>
          <GainOrLossAmt>1257</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1257</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAMING &amp; LEISURE PROPERTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-06-07</AcquiredDt>
          <SoldDt>2025-07-24</SoldDt>
          <GrossSalesPriceAmt>46835</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>48110</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1275</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1275</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAMING &amp; LEISURE PROPERTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-07-14</AcquiredDt>
          <SoldDt>2025-07-24</SoldDt>
          <GrossSalesPriceAmt>46835</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>46861</CostOrOtherBasisAmt>
          <GainOrLossAmt>-26</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-26</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAMING &amp; LEISURE PROPERTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-08-17</AcquiredDt>
          <SoldDt>2025-07-24</SoldDt>
          <GrossSalesPriceAmt>46835</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>47902</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1067</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1067</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GAMING &amp; LEISURE PROPERTIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-01-20</AcquiredDt>
          <SoldDt>2025-07-24</SoldDt>
          <GrossSalesPriceAmt>46835</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>44610</CostOrOtherBasisAmt>
          <GainOrLossAmt>2225</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2225</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GILEAD SCIENCES INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-06-21</AcquiredDt>
          <SoldDt>2025-02-12</SoldDt>
          <GrossSalesPriceAmt>50968</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>34023</CostOrOtherBasisAmt>
          <GainOrLossAmt>16945</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>16945</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>H&amp;E EQUIPMENT SERVICES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-07-24</AcquiredDt>
          <SoldDt>2025-01-14</SoldDt>
          <GrossSalesPriceAmt>90058</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>29430</CostOrOtherBasisAmt>
          <GainOrLossAmt>60628</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>60628</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>H&amp;E EQUIPMENT SERVICES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-08-19</AcquiredDt>
          <SoldDt>2025-01-14</SoldDt>
          <GrossSalesPriceAmt>90058</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>26042</CostOrOtherBasisAmt>
          <GainOrLossAmt>64016</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>64016</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SIRIUS XM HOLDINGS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-08-30</AcquiredDt>
          <SoldDt>2025-03-21</SoldDt>
          <GrossSalesPriceAmt>9624</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15604</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5980</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5980</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SIRIUS XM HOLDINGS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-09-07</AcquiredDt>
          <SoldDt>2025-03-21</SoldDt>
          <GrossSalesPriceAmt>9624</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15147</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5523</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5523</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SIRIUS XM HOLDINGS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-18</AcquiredDt>
          <SoldDt>2025-03-21</SoldDt>
          <GrossSalesPriceAmt>19248</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>30516</CostOrOtherBasisAmt>
          <GainOrLossAmt>-11268</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-11268</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SIRIUS XM HOLDINGS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-09-20</AcquiredDt>
          <SoldDt>2025-03-21</SoldDt>
          <GrossSalesPriceAmt>8044</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9778</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1734</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1734</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SUNRISE COMMUNICATIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-06-23</AcquiredDt>
          <SoldDt>2025-04-17</SoldDt>
          <GrossSalesPriceAmt>10592</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12052</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1460</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1460</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SUNRISE COMMUNICATIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-07-09</AcquiredDt>
          <SoldDt>2025-04-17</SoldDt>
          <GrossSalesPriceAmt>10592</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11421</CostOrOtherBasisAmt>
          <GainOrLossAmt>-829</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-829</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SUNRISE COMMUNICATIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-07-29</AcquiredDt>
          <SoldDt>2025-04-17</SoldDt>
          <GrossSalesPriceAmt>10592</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11382</CostOrOtherBasisAmt>
          <GainOrLossAmt>-790</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-790</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SUNRISE COMMUNICATIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-08-12</AcquiredDt>
          <SoldDt>2025-04-17</SoldDt>
          <GrossSalesPriceAmt>10592</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12559</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1967</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1967</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SUNRISE COMMUNICATIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-10-15</AcquiredDt>
          <SoldDt>2025-04-17</SoldDt>
          <GrossSalesPriceAmt>10592</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12852</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2260</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2260</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SUNRISE COMMUNICATIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-03-09</AcquiredDt>
          <SoldDt>2025-04-17</SoldDt>
          <GrossSalesPriceAmt>31775</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>31745</CostOrOtherBasisAmt>
          <GainOrLossAmt>30</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>30</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SUNRISE COMMUNICATIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-11-01</AcquiredDt>
          <SoldDt>2025-04-17</SoldDt>
          <GrossSalesPriceAmt>21184</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14896</CostOrOtherBasisAmt>
          <GainOrLossAmt>6288</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6288</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SUNRISE COMMUNICATIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-20</AcquiredDt>
          <SoldDt>2025-04-17</SoldDt>
          <GrossSalesPriceAmt>5296</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4677</CostOrOtherBasisAmt>
          <GainOrLossAmt>619</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>619</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SUNRISE COMMUNICATIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-25</AcquiredDt>
          <SoldDt>2025-04-17</SoldDt>
          <GrossSalesPriceAmt>15888</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14046</CostOrOtherBasisAmt>
          <GainOrLossAmt>1842</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1842</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LIBERTY GLOBAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-06-23</AcquiredDt>
          <SoldDt>2025-06-16</SoldDt>
          <GrossSalesPriceAmt>9815</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15865</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6050</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6050</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LIBERTY GLOBAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-07-09</AcquiredDt>
          <SoldDt>2025-06-16</SoldDt>
          <GrossSalesPriceAmt>9815</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15035</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5220</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5220</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LIBERTY GLOBAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-07-29</AcquiredDt>
          <SoldDt>2025-06-16</SoldDt>
          <GrossSalesPriceAmt>9815</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14983</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5168</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5168</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LIBERTY GLOBAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-08-12</AcquiredDt>
          <SoldDt>2025-06-16</SoldDt>
          <GrossSalesPriceAmt>9815</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16533</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6718</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6718</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LIBERTY GLOBAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-10-15</AcquiredDt>
          <SoldDt>2025-06-16</SoldDt>
          <GrossSalesPriceAmt>9815</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16918</CostOrOtherBasisAmt>
          <GainOrLossAmt>-7103</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-7103</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LIBERTY GLOBAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-03-09</AcquiredDt>
          <SoldDt>2025-06-16</SoldDt>
          <GrossSalesPriceAmt>19630</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>27859</CostOrOtherBasisAmt>
          <GainOrLossAmt>-8229</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-8229</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAINS DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>3655</GrossSalesPriceAmt>
          <GainOrLossAmt>3655</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3655</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>181869</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>8048</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>8048</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>8048</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>35893</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>35893</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>27845</OverpaymentAmt>
        <AppliedToESTaxAmt>27845</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>TIMOTHY COSTELLO ESQ</IndividualWithBooksNm>
        <PhoneNum>2127554321</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>60 E 42ND STREET 40TH FLOOR</AddressLine1Txt>
          <CityNm>NEW YORK</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10165</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>1</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>0</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WILLIAM H GOULD</PersonNm>
          <USAddress>
            <AddressLine1Txt>60 EAST 42ND ST 40TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10165</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER/SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>30000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TIMOTHY M COSTELLO</PersonNm>
          <USAddress>
            <AddressLine1Txt>60 EAST 42ND ST 40TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10165</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>30000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ARDA ARSLANIAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>60 EAST 42ND ST 40TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10165</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>12786119</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>406715</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>13192834</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>13192834</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>197893</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>12994941</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>649747</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>649747</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>8048</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>8048</TotalTaxAmt>
        <DistributableBeforeAdjAmt>641699</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>641699</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>641699</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>742222</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>742222</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>641699</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>14461</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr3Amt>8149</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>55732</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>6586</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>84928</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>742222</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>641699</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>100523</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>185451</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>14461</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>170990</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>8149</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>55732</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>6586</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>100523</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>TIM COSTELLO</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>60 EAST 42ND STREET 40TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10165</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2127554321</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>LETTER - PURPOSE OF USE OF FUNDS, DESCRIPTION OF ORGANIZATION</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ABILIS INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>50 GLENVILLE STREET</AddressLine1Txt>
            <CityNm>GREENWICH</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06831</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ART START INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>526 WEST 26TH STREET SUITE 10AB</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10001</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BOYS AND GIRLS CLUB OF STAMFORD</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>MARY C RICH CLUBHOUSE 347 STILLWATE</AddressLine1Txt>
            <AddressLine2Txt>AVENUE</AddressLine2Txt>
            <CityNm>STAMFORD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06902</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CARING AT COLUMBIA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1051 RIVERSIDE DRIVE UNIT 78</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10032</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHILDREN'S FUTURE INTERNATIONAL INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1031 33RD STREET SUITE 172</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80205</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CONGREGATION EMANU-EL OF NEW YORK CITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1 EAST 65TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10065</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DRAMA CLUB</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>121 AVENUE OF THE AMERICAS</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10013</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EMILY KRZYZEWSKI CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>904 W CHAPEL HILL STREET</AddressLine1Txt>
            <CityNm>DURHAM</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EXCELLENCE COMMUNITY SCHOOLS INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2000 BENEDICT AVENUE</AddressLine1Txt>
            <CityNm>BRONX</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10462</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HER STORY MENTORSHIP INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>50 BRUNDIGE DRIVE</AddressLine1Txt>
            <CityNm>GOLDENS BRIDGE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10526</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KEEN THEATER COMPANY INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3082</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10163</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>17500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LAUREL HOUSE INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1616 WASHINGTON BOULEVARD</AddressLine1Txt>
            <CityNm>STAMFORD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06902</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSEGENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NATIONAL SCLERODERMA FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 411533</AddressLine1Txt>
            <CityNm>BOSTON</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02241</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NAZARETH HOUSING INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST 11TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10009</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PARK AVENUE SYNAGOGUE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>50 EAST 87TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10128</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>POLICE ATHLETIC LEAGUE INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>34 1/2 EAST 12TH ST</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10003</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>READ AHEAD INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>50 BROAD STREET SUITE 502</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10004</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SAFETY SAINTS INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>131 VARICK ST SUITE 916</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10013</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SAINT JOSEPH PARENTING CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>245 SELLECK STREET</AddressLine1Txt>
            <CityNm>STAMFORD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06902</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SPARKYOUTH NYC INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>444 MADISON AVENUE 6TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ST ELIZABETH SETON CHILDREN'S FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>300 CORPORATE BOULEVARD SOUTH</AddressLine1Txt>
            <CityNm>YONKERS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>35000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ST JUDE CHILDREN'S RESEARCH HOSPITAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>501 ST JUDE PLACE</AddressLine1Txt>
            <CityNm>MEMPHIS</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38105</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>12500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SUNY ONEONTA FOUNDATION CORPORATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ALUMNI HALL 108 RAVINE PARKWAY</AddressLine1Txt>
            <CityNm>ONEONTA</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13820</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE FERGUSON LIBRARY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ONE PUBLIC LIBRARY PLAZA</AddressLine1Txt>
            <CityNm>STAMFORD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06904</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE FUND FOR PUBLIC SCHOOLS INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>52 CHAMBERS STREET ROOM 305</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10007</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE LEADERSHIP ACADEMY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 24995</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10087</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE V FOUNDATION FOR CANCER RESEARCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>14600 WESTON PARKWAY</AddressLine1Txt>
            <CityNm>CARY</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27513</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>12500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>URBAN JUSTICE CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>40 RECTOR STREET 9TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10006</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>677500</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>402160</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>181869</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>584029</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>584029</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREPARATION</CategoryTxt>
        <Amt>5000</Amt>
        <NetInvestmentIncomeAmt>2000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3000</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>AES CORP</StockNm>
        <EOYBookValueAmt>150028</EOYBookValueAmt>
        <EOYFMVAmt>143400</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ACCELLERON INDUSTRIES</StockNm>
        <EOYBookValueAmt>394</EOYBookValueAmt>
        <EOYFMVAmt>1942</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ARCHER DANIELS MIDLAND COMPANY</StockNm>
        <EOYBookValueAmt>149948</EOYBookValueAmt>
        <EOYFMVAmt>172470</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ARCOSA INC</StockNm>
        <EOYBookValueAmt>85295</EOYBookValueAmt>
        <EOYFMVAmt>318960</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>B&amp;G FOODS INC</StockNm>
        <EOYBookValueAmt>50729</EOYBookValueAmt>
        <EOYFMVAmt>8600</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BP PLC</StockNm>
        <EOYBookValueAmt>47672</EOYBookValueAmt>
        <EOYFMVAmt>22782</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLACKSTONE MORTGAGE</StockNm>
        <EOYBookValueAmt>204828</EOYBookValueAmt>
        <EOYFMVAmt>153040</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BOYD GAMING CORP</StockNm>
        <EOYBookValueAmt>40968</EOYBookValueAmt>
        <EOYFMVAmt>127860</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BRISTOL MYERS SQUIBB COMPANY</StockNm>
        <EOYBookValueAmt>30562</EOYBookValueAmt>
        <EOYFMVAmt>53940</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CAESARS ENTERTAINMENT</StockNm>
        <EOYBookValueAmt>41538</EOYBookValueAmt>
        <EOYFMVAmt>23390</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHEVRON CORP</StockNm>
        <EOYBookValueAmt>97694</EOYBookValueAmt>
        <EOYFMVAmt>304820</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CONCRETE PUMPING</StockNm>
        <EOYBookValueAmt>133820</EOYBookValueAmt>
        <EOYFMVAmt>120780</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CORTEVA INC</StockNm>
        <EOYBookValueAmt>49574</EOYBookValueAmt>
        <EOYFMVAmt>67030</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CUSTOM TRUCK ONE SOURCE</StockNm>
        <EOYBookValueAmt>89872</EOYBookValueAmt>
        <EOYFMVAmt>86400</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EMERSON ELECTRIC CO</StockNm>
        <EOYBookValueAmt>14788</EOYBookValueAmt>
        <EOYFMVAmt>132720</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ESPEY MANUFACTURING &amp; ELECTRONICS</StockNm>
        <EOYBookValueAmt>83353</EOYBookValueAmt>
        <EOYFMVAmt>141390</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FLOUR CORP</StockNm>
        <EOYBookValueAmt>219362</EOYBookValueAmt>
        <EOYFMVAmt>237780</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FORTUNE BRANDS INNOVATIONS INC</StockNm>
        <EOYBookValueAmt>7529</EOYBookValueAmt>
        <EOYFMVAmt>50020</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FOSTER L B CO</StockNm>
        <EOYBookValueAmt>56554</EOYBookValueAmt>
        <EOYFMVAmt>80850</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GILEAD SCIENCES INC</StockNm>
        <EOYBookValueAmt>71718</EOYBookValueAmt>
        <EOYFMVAmt>122740</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GRANITE CONSTRUCTION INC</StockNm>
        <EOYBookValueAmt>48710</EOYBookValueAmt>
        <EOYFMVAmt>138420</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HONEYWELL INTL INC</StockNm>
        <EOYBookValueAmt>51824</EOYBookValueAmt>
        <EOYFMVAmt>292635</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HUNTSMAN CORP</StockNm>
        <EOYBookValueAmt>162991</EOYBookValueAmt>
        <EOYFMVAmt>50000</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JP MORGAN CHASE &amp; CO</StockNm>
        <EOYBookValueAmt>112925</EOYBookValueAmt>
        <EOYFMVAmt>805550</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KINDER MORGAN INC</StockNm>
        <EOYBookValueAmt>612763</EOYBookValueAmt>
        <EOYFMVAmt>962150</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY MEDIA CORP</StockNm>
        <EOYBookValueAmt>22064</EOYBookValueAmt>
        <EOYFMVAmt>40750</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MSA SAFETY INC</StockNm>
        <EOYBookValueAmt>217365</EOYBookValueAmt>
        <EOYFMVAmt>880770</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MEDICAL PROPERTIES TRUST</StockNm>
        <EOYBookValueAmt>32086</EOYBookValueAmt>
        <EOYFMVAmt>7500</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCK &amp; COMPANY INC</StockNm>
        <EOYBookValueAmt>123011</EOYBookValueAmt>
        <EOYFMVAmt>263150</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MOOG INC CLASS A</StockNm>
        <EOYBookValueAmt>109294</EOYBookValueAmt>
        <EOYFMVAmt>803715</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NATIONAL PRESTO IND INC</StockNm>
        <EOYBookValueAmt>152029</EOYBookValueAmt>
        <EOYFMVAmt>213520</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NORFOLK SOUTHERN CORP</StockNm>
        <EOYBookValueAmt>23441</EOYBookValueAmt>
        <EOYFMVAmt>144360</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NORTHWEST PIPE CO</StockNm>
        <EOYBookValueAmt>601023</EOYBookValueAmt>
        <EOYFMVAmt>1499760</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>OAKTREE SPECIALTY LENDING GROUP</StockNm>
        <EOYBookValueAmt>55609</EOYBookValueAmt>
        <EOYFMVAmt>42462</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>OLIN CORP</StockNm>
        <EOYBookValueAmt>55431</EOYBookValueAmt>
        <EOYFMVAmt>22913</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ORGANON &amp; CO</StockNm>
        <EOYBookValueAmt>6162</EOYBookValueAmt>
        <EOYFMVAmt>1793</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>OVINTIV INC</StockNm>
        <EOYBookValueAmt>385862</EOYBookValueAmt>
        <EOYFMVAmt>297844</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>OWENS CORNING INC</StockNm>
        <EOYBookValueAmt>32341</EOYBookValueAmt>
        <EOYFMVAmt>111910</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PEPSICO INC</StockNm>
        <EOYBookValueAmt>18800</EOYBookValueAmt>
        <EOYFMVAmt>143520</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PFIZER INC</StockNm>
        <EOYBookValueAmt>118174</EOYBookValueAmt>
        <EOYFMVAmt>149400</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PRIMORIS SERVICES CORP</StockNm>
        <EOYBookValueAmt>96568</EOYBookValueAmt>
        <EOYFMVAmt>496560</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>REDWOOD TRUST INC</StockNm>
        <EOYBookValueAmt>155766</EOYBookValueAmt>
        <EOYFMVAmt>88480</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SIRIUS XM HOLDINGS INC</StockNm>
        <EOYBookValueAmt>99355</EOYBookValueAmt>
        <EOYFMVAmt>59985</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOTHERLY HOTELS INC</StockNm>
        <EOYBookValueAmt>83701</EOYBookValueAmt>
        <EOYFMVAmt>32250</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPORTSMANS WAREHOUSE</StockNm>
        <EOYBookValueAmt>18155</EOYBookValueAmt>
        <EOYFMVAmt>7300</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STERLING INFRASTRUCTURE INC</StockNm>
        <EOYBookValueAmt>16853</EOYBookValueAmt>
        <EOYFMVAmt>459345</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TRINITY CAPITAL INC</StockNm>
        <EOYBookValueAmt>90430</EOYBookValueAmt>
        <EOYFMVAmt>87900</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TRINITY INDUSTRIES INC</StockNm>
        <EOYBookValueAmt>61831</EOYBookValueAmt>
        <EOYFMVAmt>79320</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNION PACIFIC CORP</StockNm>
        <EOYBookValueAmt>42441</EOYBookValueAmt>
        <EOYFMVAmt>323848</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VIATRIS INC</StockNm>
        <EOYBookValueAmt>214195</EOYBookValueAmt>
        <EOYFMVAmt>186750</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WIDEOPENWEST INC</StockNm>
        <EOYBookValueAmt>136455</EOYBookValueAmt>
        <EOYFMVAmt>60888</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>XYLEM INC</StockNm>
        <EOYBookValueAmt>19762</EOYBookValueAmt>
        <EOYFMVAmt>108940</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY GLOBAL LTD</StockNm>
        <EOYBookValueAmt>58184</EOYBookValueAmt>
        <EOYFMVAmt>55700</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STRATASYS LTD</StockNm>
        <EOYBookValueAmt>108358</EOYBookValueAmt>
        <EOYFMVAmt>65100</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CNH INDUSTRIAL</StockNm>
        <EOYBookValueAmt>85427</EOYBookValueAmt>
        <EOYFMVAmt>64540</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOTHERLY HOTELS INC 83600C301</StockNm>
        <EOYBookValueAmt>141045</EOYBookValueAmt>
        <EOYFMVAmt>101280</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOTHERLY HOTELS INC 83600C509</StockNm>
        <EOYBookValueAmt>268266</EOYBookValueAmt>
        <EOYFMVAmt>165550</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO &amp; COMPANY</StockNm>
        <EOYBookValueAmt>59480</EOYBookValueAmt>
        <EOYFMVAmt>60600</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NUGENE TECHNOLOGIES</StockNm>
        <EOYBookValueAmt>6813</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CRESCENT CAPITAL BDC</StockNm>
        <EOYBookValueAmt>74786</EOYBookValueAmt>
        <EOYFMVAmt>70250</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FUTUREFUEL CORP</StockNm>
        <EOYBookValueAmt>20116</EOYBookValueAmt>
        <EOYFMVAmt>15950</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENCOR INDUSTRIES</StockNm>
        <EOYBookValueAmt>86480</EOYBookValueAmt>
        <EOYFMVAmt>77760</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SAGA COMMUNICATIONS</StockNm>
        <EOYBookValueAmt>46462</EOYBookValueAmt>
        <EOYFMVAmt>39113</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOLSTICE ADVANCED MATERIALS</StockNm>
        <EOYBookValueAmt>3198</EOYBookValueAmt>
        <EOYFMVAmt>18218</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGG MASON WA</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>171573</BookValueAmt>
        <EOYFMVAmt>130759</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ARES CAPITAL CORP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>310643</BookValueAmt>
        <EOYFMVAmt>364140</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GOLUB CAPITAL BDC INC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>190955</BookValueAmt>
        <EOYFMVAmt>162840</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HERCULES CAPITAL INC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>150304</BookValueAmt>
        <EOYFMVAmt>188200</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NEUBERGER BERMAN ENERGY</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>185894</BookValueAmt>
        <EOYFMVAmt>170000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ROYCE SMALL CAP TRUST INC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>29444</BookValueAmt>
        <EOYFMVAmt>32200</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SIXTH STREET</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>174043</BookValueAmt>
        <EOYFMVAmt>195480</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VIRTUS STONE HARBOR</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>52355</BookValueAmt>
        <EOYFMVAmt>22932</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>ACCRUED INCOME</Desc>
        <Amt>2179</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>D&amp;O INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>2272</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2272</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NYS FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>750</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADR FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>14</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>14</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>1700</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1700</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>13</Amt>
        <NetInvestmentIncomeAmt>13</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>20000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>