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        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AppliedToPriorYearElection documentId="RetDoc12000100081">
      <ElectionDesc>ZIPF MEMORIAL SCHOLARSHIP FOUNDATION INCEIN: 20-1002355C/O CHARLES KOMAR 496 NAVESINK ROAD RED BANK, NJ 07701 PURSUANT TO IRC SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THE ABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF UNDISTRIBUTED INCOME FROM THE TAX YEAR ENDING 2013 IN THE AMOUNT OF $891.</ElectionDesc>
    </AppliedToPriorYearElection>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES S&amp;P 500 INDEX SERVICE CL</StockNm>
        <EOYBookValueAmt>72419</EOYBookValueAmt>
        <EOYFMVAmt>259802</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES COR S&amp;P MID CAP ETF</StockNm>
        <EOYBookValueAmt>19456</EOYBookValueAmt>
        <EOYFMVAmt>48124</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES COR S&amp;P SMALL CAP ETF</StockNm>
        <EOYBookValueAmt>18974</EOYBookValueAmt>
        <EOYFMVAmt>50384</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD FTSE DEVELOPED MKTS ETF</StockNm>
        <EOYBookValueAmt>16206</EOYBookValueAmt>
        <EOYFMVAmt>22211</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
  </ReturnData>
</Return>
