﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2019v5.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2020-11-16T10:55:36-06:00</ReturnTs>
    <TaxPeriodEndDt>2019-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>FRANKEL LOUGHRAN STARR &amp; VALLONE</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1475 FRANKLIN AVENUE</AddressLine1Txt>
        <CityNm>GARDEN CITY</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>11530</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2019-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>161644700</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE FULLERTON FAMILY FOUNDATION INC</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>c/o JOHN FULLERTON</BusinessNameLine2Txt>
      </BusinessName>
      <InCareOfNm>% FLSV LLP</InCareOfNm>
      <BusinessNameControlTxt>FULL</BusinessNameControlTxt>
      <PhoneNum>5168748800</PhoneNum>
      <USAddress>
        <AddressLine1Txt>77 HILLSIDE ROAD</AddressLine1Txt>
        <CityNm>RYE</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10580</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JOHN FULLERTON</PersonNm>
      <PersonTitleTxt>OFFICER</PersonTitleTxt>
      <PhoneNum>5168748800</PhoneNum>
      <SignatureDt>2020-05-19</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>REED YANOFSKY</PreparerPersonNm>
      <PTIN>P00295219</PTIN>
      <PhoneNum>5168748800</PhoneNum>
      <PreparationDt>2020-05-19</PreparationDt>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>69.74.233.2</IPv4AddressTxt>
      </IPAddress>
      <FederalOriginalSubmissionId>13079120203215000008</FederalOriginalSubmissionId>
      <FederalOriginalSubmissionIdDt>2020-11-16</FederalOriginalSubmissionIdDt>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>B33CCCBF74EE2A07733C2252D787AA7B756D9E95</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>F68CF6B96B1979CE8FB2C2A805DFBEB7FF1F3D34</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2019</TaxYr>
    <BuildTS>2021-04-22 16:20:28Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="11">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1656127</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>0</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>305</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>305</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>58212</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>18020</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>323221</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1765759</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>323221</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSch2">-141923</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>-98544</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>239815</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>243002</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSch">19889</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>0</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>19889</AccountingFeesChrtblPrpsAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">3250</OtherExpensesRevAndExpnssAmt>
        <TotOprExpensesRevAndExpnssAmt>23139</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>19889</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>48000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>48000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>71139</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>67889</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>168676</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>243002</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>168582</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>114881</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>114881</SavAndTempCashInvstEOYFMVAmt>
        <AcctRcvblAmt>0</AcctRcvblAmt>
        <AcctRcvblBOYAmt>5500</AcctRcvblBOYAmt>
        <AcctRcvblEOYAmt>0</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>0</AcctRcvblEOYFMVAmt>
        <RcvblFromOfficersBOYAmt>1000</RcvblFromOfficersBOYAmt>
        <RcvblFromOfficersEOYAmt referenceDocumentId="OthRecblOfficersSch">1000</RcvblFromOfficersEOYAmt>
        <RcvblFromOfficersEOYFMVAmt>1000</RcvblFromOfficersEOYFMVAmt>
        <OtherNtsAndLoansRcvblAmt>150000</OtherNtsAndLoansRcvblAmt>
        <OtherNtsAndLoansRcvblBOYAmt>10000</OtherNtsAndLoansRcvblBOYAmt>
        <OtherNtsAndLoansRcvblEOYAmt referenceDocumentId="OthNoteLoanRcvblLong">150000</OtherNtsAndLoansRcvblEOYAmt>
        <OtherNtsAndLoansRcvblEOYFMVAmt>150000</OtherNtsAndLoansRcvblEOYFMVAmt>
        <CorporateStockBOYAmt>1119475</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">1099724</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1258111</CorporateStockEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="OtherAssetsSch">37505</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSch">132135</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSch">132135</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>1342062</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1497740</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1656127</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>0</AccountsPayableBOYAmt>
        <GrantsPayableBOYAmt>26000</GrantsPayableBOYAmt>
        <GrantsPayableEOYAmt>0</GrantsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>26000</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <TotNetAstOrFundBalancesBOYAmt>1316061</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1497740</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1342061</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1497740</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1316061</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>168676</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSch">13003</OtherIncreasesAmt>
        <SubtotalAmt>1497740</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>1497740</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CS#6106-9020 LT COVERED SEE STMT ATTACHED</PropertyDesc>
          <GrossSalesPriceAmt>1026806</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>775741</CostOrOtherBasisAmt>
          <GainOrLossAmt>251065</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>251065</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CS#6106-9020 ST COVERED SEE STMT ATTACHED</PropertyDesc>
          <GrossSalesPriceAmt>738953</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>666797</CostOrOtherBasisAmt>
          <GainOrLossAmt>72156</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>72156</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>323221</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>116890</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>1543817</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.075715</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>85475</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>1615094</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.052923</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>58220</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>1417650</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.041068</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>73155</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>1514287</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.04831</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>71805</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>1525827</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.04706</DistributionYr5Rt>
        <TotalDistributionRt>0.265076</TotalDistributionRt>
        <AverageDistributionRt>0.053015</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>1699671</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>90108</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>2430</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>92538</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>67889</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>4860</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>4860</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>4860</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>3725</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>4000</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>7725</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <OverpaymentAmt>2865</OverpaymentAmt>
        <AppliedToESTaxAmt>2865</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd referenceDocumentId="BinaryAttach BinaryAttachN1">false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd referenceDocumentId="BinaryAttach BinaryAttachN1">false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd referenceDocumentId="BinaryAttach BinaryAttachN1">false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>false</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NJ</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>FLSV LLP</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>5168748800</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1475 FRANKLIN AVE</AddressLine1Txt>
          <CityNm>GARDEN CITY</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>11530</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>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RelyingCurrentNtcDsstrAsst1Ind>X</RelyingCurrentNtcDsstrAsst1Ind>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SUSAN L FULLERTON</PersonNm>
          <USAddress>
            <AddressLine1Txt>77 HILLSIDE ROAD</AddressLine1Txt>
            <CityNm>RYE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10580</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SETH L STARR</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O FRANKEL LOUGHRAN STARR VALLONE</AddressLine1Txt>
            <AddressLine2Txt>1475 FRANKLIN AVENUE</AddressLine2Txt>
            <CityNm>GARDEN CITY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11530</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN FULLERTON</PersonNm>
          <USAddress>
            <AddressLine1Txt>77 HILLSIDE ROAD</AddressLine1Txt>
            <CityNm>RYE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10580</ZIPCd>
          </USAddress>
          <TitleTxt>OFFICER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1258111</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>112994</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>354449</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1725554</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1725554</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>25883</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1699671</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>84984</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>84984</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>4860</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>4860</TotalTaxAmt>
        <DistributableBeforeAdjAmt>80124</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>80124</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>80124</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>67889</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>67889</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>67889</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>80124</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2017</PriorYear1Yr>
        <PriorYear2Yr>2016</PriorYear2Yr>
        <PriorYear3Yr>2015</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>5127</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>171</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr2Amt>7555</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>41569</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>54422</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>67889</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>67889</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>12235</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>12235</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>42187</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>42187</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>618</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>41569</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp></PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BOWDOIN COLLEGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>255 MAINE ST</AddressLine1Txt>
            <CityNm>BRUNSWICK</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04011</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NATURAL CAPITAL SOLUTIONS LEADING FOR WELLBEING</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>11823 N 75TH STREET</AddressLine1Txt>
            <CityNm>LONGMONT</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80503</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ST VINCENT DE PAUL SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3000 GRATIOT AVE</AddressLine1Txt>
            <CityNm>DETROIT</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48207</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YELLOW SCHOOL HOUSE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>389 N MAIN STREET</AddressLine1Txt>
            <CityNm>STONINGTON</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06378</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>JACQUES PEPIN FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 28</AddressLine1Txt>
            <CityNm>BARRINGTON</CityNm>
            <StateAbbreviationCd>RI</StateAbbreviationCd>
            <ZIPCd>02806</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>REAL ORGANIC PROJECT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>82 WILSON ROAD</AddressLine1Txt>
            <CityNm>EAST THETFORD</CityNm>
            <StateAbbreviationCd>VT</StateAbbreviationCd>
            <ZIPCd>05043</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>48000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>305</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>58212</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>323221</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>OTHER INCOME/LOSS THRU K-1</Desc>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>-141923</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>239815</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>239815</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="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>FLSV, LLP</CategoryTxt>
        <Amt>19889</Amt>
        <DisbursementsCharitablePrpsAmt>19889</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED</StockNm>
        <EOYBookValueAmt>1099724</EOYBookValueAmt>
        <EOYFMVAmt>1258111</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssetsScheduleGrp>
        <Desc>K-1: OP SIERRA PARK, LLC</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>23955</EOYBookValueAmt>
        <EOYFMVAmt>23955</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>K-1: OP SHERIDAN LLC</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>26904</EOYBookValueAmt>
        <EOYFMVAmt>26904</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>K-1: OP ARBORS, LLC</Desc>
        <BOYBookValueAmt>11178</BOYBookValueAmt>
        <EOYBookValueAmt>-1585</EOYBookValueAmt>
        <EOYFMVAmt>-1585</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>K-1: OP INDIAN SPRINGS, LLC</Desc>
        <BOYBookValueAmt>17449</BOYBookValueAmt>
        <EOYBookValueAmt>14459</EOYBookValueAmt>
        <EOYFMVAmt>14459</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>K-1: ECOTRUST FORESTS III</Desc>
        <BOYBookValueAmt>8878</BOYBookValueAmt>
        <EOYBookValueAmt>17050</EOYBookValueAmt>
        <EOYFMVAmt>17050</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>K-1: OP WYNDHAM LLC</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>23741</EOYBookValueAmt>
        <EOYFMVAmt>23741</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>K-1: OP HICKORY LLC</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>27611</EOYBookValueAmt>
        <EOYFMVAmt>27611</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>MISC. EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>1250</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FEDERAL TAXES PAID</Desc>
        <RevenueAndExpensesPerBooksAmt>2000</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>K-1 INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>-107580</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-107580</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>9036</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>9036</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>UNREALIZED GAIN/LOSS</Desc>
        <RevenueAndExpensesPerBooksAmt>-43379</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreasesDetail>
        <Desc>ECOTRUST FOREST III-TO TIE INTO BEG. BAL</Desc>
        <Amt>13003</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherNotesLoansRcvblLongSch documentId="OthNoteLoanRcvblLong">
      <OtherNotesLoansRcvblLongGrp>
        <BorrowerNameGrp>
          <BusinessName>
            <BusinessNameLine1Txt>NEW DAY FARMS</BusinessNameLine1Txt>
          </BusinessName>
        </BorrowerNameGrp>
        <LoanOriginalAmt>10000</LoanOriginalAmt>
        <BalanceDueAmt>10000</BalanceDueAmt>
        <NoteDt>2009-10</NoteDt>
        <InterestRt>9.</InterestRt>
        <ConsiderationFMVAmt>10000</ConsiderationFMVAmt>
      </OtherNotesLoansRcvblLongGrp>
      <OtherNotesLoansRcvblLongGrp>
        <BorrowerNameGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BLACKDIRT LLC</BusinessNameLine1Txt>
          </BusinessName>
        </BorrowerNameGrp>
        <LoanOriginalAmt>100000</LoanOriginalAmt>
        <BalanceDueAmt>100000</BalanceDueAmt>
        <NoteDt>2019-12</NoteDt>
        <InterestRt>0</InterestRt>
      </OtherNotesLoansRcvblLongGrp>
      <OtherNotesLoansRcvblLongGrp>
        <BorrowerNameGrp>
          <BusinessName>
            <BusinessNameLine1Txt>CITY CRAFT</BusinessNameLine1Txt>
          </BusinessName>
        </BorrowerNameGrp>
        <LoanOriginalAmt>40000</LoanOriginalAmt>
        <BalanceDueAmt>40000</BalanceDueAmt>
        <InterestRt>0</InterestRt>
      </OtherNotesLoansRcvblLongGrp>
    </OtherNotesLoansRcvblLongSch>
    <OtherReceivablesOfficersSch documentId="OthRecblOfficersSch">
      <OfficerOtherRcvblGrp>
        <BorrowerPersonNm>NOTE RECEIVABLE</BorrowerPersonNm>
        <LoanOriginalAmt>1000</LoanOriginalAmt>
        <BalanceDueAmt>1000</BalanceDueAmt>
        <NoteDt>2007-01</NoteDt>
        <InterestRt>9.</InterestRt>
        <LenderConsiderationDesc>1,000</LenderConsiderationDesc>
      </OfficerOtherRcvblGrp>
    </OtherReceivablesOfficersSch>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAXES</CategoryTxt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>UNITED STATES TREASURY</CategoryTxt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>