﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2018v3.1" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2020-03-16T08:53:05-07:00</ReturnTs>
    <TaxPeriodEndDt>2019-10-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>150625503</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Mostert Manzanero &amp; Scott LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>4 Associate Dr</AddressLine1Txt>
        <CityNm>Oneonta</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>13820</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2018-11-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>166169167</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE PHILIP E POTTER FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>PHIL</BusinessNameControlTxt>
      <PhoneNum>6074326724</PhoneNum>
      <USAddress>
        <AddressLine1Txt>6 FORD AVENUE</AddressLine1Txt>
        <CityNm>ONEONTA</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>13820</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>ANNE T WOLEK</PersonNm>
      <PersonTitleTxt>Foundation Mgr.</PersonTitleTxt>
      <SignatureDt>2020-03-16</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>DEBORAH L MOSTERT</PreparerPersonNm>
      <PTIN>P01213266</PTIN>
      <PhoneNum>6074328700</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2018</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation 990PFBinaryAttachments.1" softwareId="18007218" softwareVersionNum="2018v3.1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>12852519</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>2385</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>2385</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>2385</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>446722</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>446722</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>446722</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>108358</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>561093</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>108358</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">2380</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>2380</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>2380</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>559845</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>559845</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>451487</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>67500</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>67500</CompOfcrDirTrstNetInvstIncmAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>72298</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>72298</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>36149</OthEmplSlrsWgsDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">1650</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1650</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>825</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">11500</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>11500</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">5462</TaxesRevAndExpnssAmt>
        <PrintingAndPubRevAndExpnssAmt>18</PrintingAndPubRevAndExpnssAmt>
        <PrintingAndPubNetInvstIncmAmt>18</PrintingAndPubNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">22118</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>22118</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>637</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>180546</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>175084</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>37611</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>649750</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>649750</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>830296</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>175084</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>687361</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-270451</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>384761</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>451487</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>268048</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>233589</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>233589</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>3784</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>6000</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>6000</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>5864769</CorporateStockBOYAmt>
        <CorporateStockEOYAmt>5658811</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>12561526</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>53018</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt>53018</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>51404</CorporateBondsEOYFMVAmt>
        <TotalAssetsBOYAmt>6189619</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>5951418</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>12852519</TotalAssetsEOYFMVAmt>
        <GrantsPayableBOYAmt>287000</GrantsPayableBOYAmt>
        <GrantsPayableEOYAmt>319250</GrantsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>287000</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>319250</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>5902619</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>5632168</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>5902619</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>5632168</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>6189619</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>5951418</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>5902619</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-270451</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>5632168</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>5632168</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE ATTACHED SCHEDULE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2001-01-01</AcquiredDt>
          <SoldDt>2019-10-31</SoldDt>
          <GrossSalesPriceAmt>561093</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>452735</CostOrOtherBasisAmt>
          <GainOrLossAmt>108358</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>108358</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>108358</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>603407</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>12913078</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.04673</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>528775</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>12526098</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.04221</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>465734</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>11287438</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.04126</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>466905</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>11557268</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.04040</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>400562</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>11799331</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.03395</DistributionYr5Rt>
        <TotalDistributionRt>0.204550</TotalDistributionRt>
        <AverageDistributionRt>0.040910</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>12532055</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>512686</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>3848</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>516534</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>687361</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>3848</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>3848</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>3848</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>6000</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>6000</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>2152</OverpaymentAmt>
        <AppliedToESTaxAmt>2152</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>THEPOTTERFOUNDATION.ORG</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>FOUNDATION OFFICES</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>6074326724</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>6 FORD AVENUE</AddressLine1Txt>
          <CityNm>ONEONTA</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>13820</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>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>THOMAS EF WOLEK</PersonNm>
          <USAddress>
            <AddressLine1Txt>6 FORD AVE</AddressLine1Txt>
            <CityNm>ONEONTA</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13820</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>13500</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CORINNE B SMITH</PersonNm>
          <USAddress>
            <AddressLine1Txt>6 FORD AVE</AddressLine1Txt>
            <CityNm>ONEONTA</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13820</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>13500</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANNE T WOLEK</PersonNm>
          <USAddress>
            <AddressLine1Txt>6 FORD AVE</AddressLine1Txt>
            <CityNm>ONEONTA</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13820</ZIPCd>
          </USAddress>
          <TitleTxt>Foundation Mgr.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>10.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>25000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SUE ANNE DE BERGH</PersonNm>
          <USAddress>
            <AddressLine1Txt>6 FORD AVE</AddressLine1Txt>
            <CityNm>ONEONTA</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13820</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>13500</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SALLY ANNE DUNLEAVY</PersonNm>
          <USAddress>
            <AddressLine1Txt>6 FORD AVE</AddressLine1Txt>
            <CityNm>ONEONTA</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13820</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>13500</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>12494384</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>228514</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>12722898</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>12722898</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>190843</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>12532055</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>626603</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>626603</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>3848</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>3848</TotalTaxAmt>
        <DistributableBeforeAdjAmt>622755</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>622755</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>622755</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>687361</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>687361</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>3848</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>683513</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>622755</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>229451</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>687361</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>229451</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>457910</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>164845</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>ANNE T WOLEK MANAGING TRUSTEE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>6 FORD AVE</AddressLine1Txt>
            <CityNm>ONEONTA</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13820</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>6074326724</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>STANDARD APPLICATION FORM AVAILABLE AT AREA HIGH SCHOOL &amp; THE FOUNDATION OFFICE SETTING FORTH NEED, FINANCIAL, HIGH SCHOOL EVAL. &amp; COLLEGE</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>MAY 1</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>SCHOLARSHIPS AWARDED PRIMARILY TO ONEONTA HIGH SCHOOL GRADUATES, ONEONTA, NY 13820</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DETAIL LIST ATTACHED</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>C/O 6 FORD AVE</AddressLine1Txt>
            <CityNm>ONEONTA</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13820</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EDUCATION</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>649750</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>649750</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2385</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>446722</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>108358</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>See attached schedule</Desc>
          <RelatedOrExemptFunctionIncmAmt>2380</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>557465</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>2380</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>559845</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="18007218" softwareVersionNum="2018v3.1">
      <AccountingFeesDetail>
        <Amt>1650</Amt>
        <NetInvestmentIncomeAmt>1650</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>825</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="18007218" softwareVersionNum="2018v3.1">
      <OtherExpensesScheduleGrp>
        <Desc>COMMUNITY BANK IM FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>7498</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7498</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ISD - COMPUTER MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>1370</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1370</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ISD - WEBSITE DEVELOPMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>1000</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1000</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MORGAN STANLEY misc fees</Desc>
        <RevenueAndExpensesPerBooksAmt>915</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>915</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MORGAN STANLEY FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>5536</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5536</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NATL BENEFIT LIFE - DBL INS</Desc>
        <RevenueAndExpensesPerBooksAmt>181</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>181</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>181</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NYS DEPT OF STATE</Desc>
        <RevenueAndExpensesPerBooksAmt>750</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>750</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NYSUI</Desc>
        <RevenueAndExpensesPerBooksAmt>137</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>137</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>137</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>319</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>319</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>319</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PHILIDELPHIA INS - LIABILITY INS</Desc>
        <RevenueAndExpensesPerBooksAmt>1540</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1540</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>761</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>761</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PRINTING/COPIER</Desc>
        <RevenueAndExpensesPerBooksAmt>200</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>200</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SHREDDING</Desc>
        <RevenueAndExpensesPerBooksAmt>35</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>35</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>STATE INS WORKERS COMP INS</Desc>
        <RevenueAndExpensesPerBooksAmt>401</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>401</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>1475</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1475</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="18007218" softwareVersionNum="2018v3.1">
      <OtherIncomeDetail>
        <Desc>See attached schedule</Desc>
        <RevenueAndExpensesPerBooksAmt>2380</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2380</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2380</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="18007218" softwareVersionNum="2018v3.1">
      <OtherProfessionalFeesDetail>
        <Amt>11500</Amt>
        <NetInvestmentIncomeAmt>11500</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="18007218" softwareVersionNum="2018v3.1">
      <TaxesDetail>
        <CategoryTxt>2015 EXCISE TAX ON INVESTM INCOME</CategoryTxt>
        <Amt>5462</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>