﻿<?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="2024v5.2">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-11-12T12:11:27-06:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>221732349</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>WISS &amp; COMPANY LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>100 CAMPUS DRIVE</AddressLine1Txt>
        <CityNm>FLORHAM PARK</CityNm>
        <StateAbbreviationCd>NJ</StateAbbreviationCd>
        <ZIPCd>07932</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>592714390</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE H HOVNANIAN FAMILY FOUNDATION</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>INC</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>HHOV</BusinessNameControlTxt>
      <PhoneNum>7329226100</PhoneNum>
      <USAddress>
        <AddressLine1Txt>4000 ROUTE 66</AddressLine1Txt>
        <CityNm>TINTON FALLS</CityNm>
        <StateAbbreviationCd>NJ</StateAbbreviationCd>
        <ZIPCd>07753</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>EDELE HOVNANIAN</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>7329226100</PhoneNum>
      <SignatureDt>2025-11-10</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>1</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>EITAN BALLOUL</PreparerPersonNm>
      <PTIN>P01880253</PTIN>
      <PhoneNum>9739949400</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="19">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>212449069</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>347467</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>4952145</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>4952145</DividendsNetInvstIncmAmt>
        <GrossRentsRevAndExpnssAmt>1365078</GrossRentsRevAndExpnssAmt>
        <GrossRentsNetInvstIncmAmt>1365078</GrossRentsNetInvstIncmAmt>
        <NetRentalIncomeOrLossAmt>956476</NetRentalIncomeOrLossAmt>
        <NetGainSaleAstRevAndExpnssAmt>18322885</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>69732936</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>18501748</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">1625102</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>1625102</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>26612677</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>26444073</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>150000</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>150000</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>398325</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>0</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>398325</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>40656</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>0</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>40656</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">1727</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>0</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>1727</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">10660</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>5330</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>5330</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">1068073</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>1068073</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">477747</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>203212</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="RetDoc2203000001">439462</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>408602</DeprecAndDpltnNetInvstIncmAmt>
        <TravConfMeetingRevAndExpnssAmt>54959</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>0</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>54959</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">1892939</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>1882159</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>4534548</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>1685217</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>2533156</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>10105914</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>10153271</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>14640462</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>1685217</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>12686427</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>11972215</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>24758856</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>947245</CashBOYAmt>
        <CashEOYAmt>1269270</CashEOYAmt>
        <CashEOYFMVAmt>1269270</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>49217147</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>53404799</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>53404799</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>199281</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>144959</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>144959</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>103500915</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">102025499</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>102025499</CorporateStockEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>24199685</InvstLandCostOrOtherBasisAmt>
        <InvstLandAccumDepreciationAmt>4218163</InvstLandAccumDepreciationAmt>
        <LandBldgInvestmentsBOYAmt>18567080</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt referenceDocumentId="RetDoc2059100001">19981522</LandBldgInvestmentsEOYAmt>
        <LandBldgInvestmentsEOYFMVAmt>19981522</LandBldgInvestmentsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>29474600</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc2018100001">31134634</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>31134634</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>3959652</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>178636</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>3465165</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="RetDoc2059000001">3781016</LandEOYAmt>
        <LandEOYFMVAmt>3781016</LandEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc2046600001">667287</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc2046600001">707370</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc2046600001">707370</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>206038720</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>212449069</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>212449069</TotalAssetsEOYFMVAmt>
        <AccountsPayableEOYAmt>31</AccountsPayableEOYAmt>
        <GrantsPayableEOYAmt>676871</GrantsPayableEOYAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="RetDoc2065700001">294927</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc2065700001">291967</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>294927</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>968869</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>0</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>0</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>205743793</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>211480200</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>205743793</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>211480200</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>206038720</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>212449069</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>205743793</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>11972215</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>217716008</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc2049800001">6235808</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>211480200</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>69732936</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>51231188</CostOrOtherBasisAmt>
          <GainOrLossAmt>18501748</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>18501748</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>18501748</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>344148</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>344148</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>344148</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>340308</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>92000</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>432308</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1192000001">X</Form2220AttachedInd>
        <EsPenaltyAmt>112</EsPenaltyAmt>
        <OverpaymentAmt>88048</OverpaymentAmt>
        <AppliedToESTaxAmt>88048</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>DE</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd referenceDocumentId="RetDoc2210600001">0</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd referenceDocumentId="RetDoc2089200001">1</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>HTTPS://WWW.HOVNANIANFOUNDATION.ORG</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>THE FOUNDATION</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>7329226100</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>4000 ROUTE 66</AddressLine1Txt>
          <CityNm>TINTON FALLS</CityNm>
          <StateAbbreviationCd>NJ</StateAbbreviationCd>
          <ZIPCd>07753</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>1</ForeignAccountsQuestionInd>
        <ForeignCountryCd>AM</ForeignCountryCd>
      </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>1</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>0</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>1</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>1</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>0</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd referenceDocumentId="RetDoc2118100001">1</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>EDELE HOVNANIAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>4000 ROUTE 66</AddressLine1Txt>
            <CityNm>TINTON FALLS</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07753</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>22.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>150000</CompensationAmt>
          <EmployeeBenefitProgramAmt>15856</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GORR SAHAKIAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>4000 ROUTE 66</AddressLine1Txt>
            <CityNm>TINTON FALLS</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07753</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT/SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SIRAN SAHAKIAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>4000 ROUTE 66</AddressLine1Txt>
            <CityNm>TINTON FALLS</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07753</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LEELA HOVNANIAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>4000 ROUTE 66</AddressLine1Txt>
            <CityNm>TINTON FALLS</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07753</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TANYA HOVNANIAN BAGHDASARIAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>4000 ROUTE 66</AddressLine1Txt>
            <CityNm>TINTON FALLS</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07753</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>LINDA YEPOYAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>20 ROSEDALE ROAD</AddressLine1Txt>
            <CityNm>WYNNEWOOD</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19096</ZIPCd>
          </USAddress>
          <TitleTxt>EXECUTIVE DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>193289</CompensationAmt>
          <EmployeeBenefitsAmt>19187</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>TRICIA WEAVER</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 CARMEN STREET</AddressLine1Txt>
            <CityNm>HAZLET TOWNSHIP</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07734</ZIPCd>
          </USAddress>
          <TitleTxt>ADMIN. ASSISTANT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>81209</CompensationAmt>
          <EmployeeBenefitsAmt>5263</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>DANIEL LUCA</PersonNm>
          <USAddress>
            <AddressLine1Txt>8 HAWTHORNE COURT</AddressLine1Txt>
            <CityNm>FREEHOLD</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07728</ZIPCd>
          </USAddress>
          <TitleTxt>SENIOR ACCOUNTANT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>82055</CompensationAmt>
          <EmployeeBenefitsAmt>0</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>MERRILL LYNCH</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1500 AMERICAN BLVD</AddressLine1Txt>
            <CityNm>PENNINGTON</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08534</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT ADVISORY</ServiceTypeTxt>
          <CompensationAmt>237512</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>ARES SDL FUND</BusinessNameLine1Txt>
          </BusinessName>
          <ForeignAddress>
            <AddressLine1Txt>PO BOX 309</AddressLine1Txt>
            <CityNm>GEORGE TOWN</CityNm>
            <CountryCd>CJ</CountryCd>
            <ForeignPostalCd>KY1-1104</ForeignPostalCd>
          </ForeignAddress>
          <ServiceTypeTxt>INVESTMENT ADVISORY</ServiceTypeTxt>
          <CompensationAmt>200128</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>TWO SEAS CAPITAL LP</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>32 ELM PLACE 3RD FLOOR</AddressLine1Txt>
            <CityNm>RYE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10580</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT ADVISORY</ServiceTypeTxt>
          <CompensationAmt>148148</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>CONDUCT PROGRAMS, EDUCATIONAL CONFERENCES, SEMINARS AND CULTURAL EVENTS. (INCLUDING GRANTS AND AWARDS). TO COLLECTIVELY AND GLOBALLY PROMOTE ARMENIA SO THE WORLD BETTER UNDERSTANDS AND EXPERIENCES THE TRUE WONDERS OF THE COUNTRY BE IT FOR VOLUNTEERISM, TOURISM, HIKING, INVESTMENT OPPORTUNITIES, MEDIA COVERAGE, OR AS A RETIREMENT OPTION.</Description1Txt>
        <Expenses1Amt>1408387</Expenses1Amt>
        <Description2Txt>PROVIDING ASSISTANCE TO PUBLIC CHARITIES IN CARRYING OUT THEIR EXEMPT PURPOSES.</Description2Txt>
        <Expenses2Amt>10153271</Expenses2Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>126185387</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>58925642</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>29684981</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>214796010</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>214796010</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>3221940</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>211574070</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>10578704</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>10578704</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>344148</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>344148</TotalTaxAmt>
        <DistributableBeforeAdjAmt>10234556</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>47357</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>10281913</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>10281913</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>12686427</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>12686427</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>10281913</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>410296</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>12686427</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>410296</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>10281913</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>1994218</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>1994218</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>1994218</ExcessDistriCyovToNextYrAmt>
        <ExcessFromCurrentYearAmt>1994218</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>EDELE HOVNANIAN</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>EDELE HOVNANIAN PRESIDENT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>4000 ROUTE 66</AddressLine1Txt>
            <CityNm>TINTON FALLS</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07753</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7329226100</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>PRELIMINARY APPLICATION SHOULD BE SUBMITTED ON OFFICIAL ORGANIZATION LETTERHEAD AND MUST DESCRIBE THE PURPOSE FOR WHICH FUNDS, IF GRANTED, WILL BE USED. FINANCIAL STATEMENTS FOR THE THREE(3) MOST RECENT ACCOUNTING PERIODS AND PROOF OF ORGANIZATION'S INTERNAL REVENUE SERVICE APPROVAL OF NON-TAXABLE STATUS UNDER 501(C)(3) I.R.C. MUST BE SUBMITTED. ALSO A CERTIFICATION OF ORGANIZATION OFFICER OR PROOF THAT ORGANIZATION CONTINUES TO QUALIFY UNDER SECTION 501(C)(3) OR 170(C)(2)(B) I.R.C. MUST BE SUBMITTED. A FORMAL APPLICATION MAY BE REQUIRED.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>GRANTS ARE MADE ONLY TO RECOGNIZED ORGANIZATIONS THAT ARE QUALIFIED AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OR TO GOVERNMENTS EXCLUSIVELY FOR CHARITABLE PURPOSE AS DESCRIBED IN SECTION 170(C)(2)(B) OF THE INTERNAL REVENUE CODE OF 1986 AND ITS REGULATIONS AS THEY NOW EXIST OR AS THEY MAY HEREAFTER BE AMENDED.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ACS IC OUR LADY OF ARMENIA CONVENT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>6 CHARENTS STREET ANI DISTRICT</AddressLine1Txt>
            <CityNm>GYUMRI</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>3126</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>125000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ALLAIRE COMMUNITY FARM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1923 BAILEYS CORNER ROAD</AddressLine1Txt>
            <CityNm>WALL TOWNSHIP</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07719</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ANIMAL MEDICAL CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>510 EAST 62ND STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10065</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>API SENGO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>134 1 TSARAV AGHBYUR STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0052</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARMAND HAMMER UNITED WORLD</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>COLLEGE OF THE AMERICAN WEST 400</AddressLine1Txt>
            <AddressLine2Txt>STATE ROAD 65</AddressLine2Txt>
            <CityNm>MONTEZUMA</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87731</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARMENIA SME FUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>412F ROUTE DESCH</AddressLine1Txt>
            <CityNm>LUXEMBOURG</CityNm>
            <CountryCd>LU</CountryCd>
            <ForeignPostalCd>L-2086</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>1074552</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARMENIAN ASSOCIATION OF SOCIAL WORKERS NGO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>55/5 TSARAV AGHBYUR STREET APT 28</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0052</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>32127</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARMENIAN BIOINFORMATICS INSTITUTE SCIENTIFIC EDUCATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>3 6 STEPANYAN AVENUE APT 67</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARMENIAN EYECARE PROJECT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>100 WEST FOOTHILL BLVD SUITE 203</AddressLine1Txt>
            <CityNm>SAN DIMAS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91773</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>40300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARMENIAN GENERAL BENEVOLENT UNION (AGBU)</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>55 EAST 59TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARMSYMPHONY SUPPORT FUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>BUZAND STREET 3 37 OFFICE AREA</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>38476</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARPA ENVIRONMENTAL FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>1/8 YEREVANYAN HIGHWAY BUILDING 1</AddressLine1Txt>
            <CityNm>YEGHEGNADZOR</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>3601</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>9883</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BAZOOMQ FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>AVENUE 7 APT 22</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>44000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BERD COMMUNITY OF TAVUSH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>29 MASHTOTS STREET</AddressLine1Txt>
            <CityNm>BERD</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>4201</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>48336</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BIM ENGINEERING LLC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>AVAN ARINJ 1ST MICRODISTRICT HOUSE</AddressLine1Txt>
            <AddressLine2Txt>1/7</AddressLine2Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0060</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>1341</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BIRTHRIGHT ARMENIA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>333 E LANCASTER AVE 330</AddressLine1Txt>
            <CityNm>WYNNEWOOD</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19096</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>POF</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>1111700</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BOY SCOUTS OF AMERICA - JERSEY SHORE COUNCIL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1518 RIDGEWAY ROAD</AddressLine1Txt>
            <CityNm>TOMS RIVER</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08755</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CANAPEA LLC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>SHINARARNERI STREET 4 BUILDING</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0038</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>2135</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CARITAS AREGAK CHARITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>3/2 BAGRATUNYATS STREET</AddressLine1Txt>
            <CityNm>GYUMRI</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>3126</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>16134</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COMMUNITY MEDICAL CENTER FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>99 ROUTE 37 WEST</AddressLine1Txt>
            <CityNm>TOMS RIVER</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08754</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>2000000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COUNTRY OF DUST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>9 TUMANYAN STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EVN NEWS FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>19528 VENTURA BLVD UNIT 70</AddressLine1Txt>
            <CityNm>TARZANA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91356</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>32500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FILMADARAN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>30 AGHASI</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0052</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>11200</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FOLDS OF HONOR FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5971 N PATRIOT DR</AddressLine1Txt>
            <CityNm>OWASSO</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>74055</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FRIENDS OF BOTANICAL GARDENS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>1 ARCHARYAN STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0063</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>229789</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FULFILL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3300 ROUTE 66</AddressLine1Txt>
            <CityNm>NEPTUNE</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07753</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GITUZH SCIENTIFIC ECOSYSTEM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>3 HAKOB HAKOBYAN STREET 11TH FLOOR</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0033</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>32155</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GLOBAL TO LOCAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>22 DAVITASHEN APT 36</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0054</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>30961</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GUILD FOR CREATIVE ART</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>620 BROAD ST</AddressLine1Txt>
            <CityNm>SHREWSBURY</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07702</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HACKENSACK MERIDIAN HEALTH FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>343 THORNALL STREET 7TH FLOOR</AddressLine1Txt>
            <CityNm>EDISON</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08837</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>18320</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HARBORING HEARTS HOUSING FOUNDATION INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 2674</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10163</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HAYK PETROSYAN</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>NOR NORK 2ND BLOCK BAGREVAND 50</AddressLine1Txt>
            <AddressLine2Txt>HOUSE</AddressLine2Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0062</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>15380</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HEALTH FOR ARMENIA SOCIAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>31 MOSKOVYAN STREET APT 52</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOMELAND DEVELOPMENT FOUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>164/2 KHORENATSI STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0070</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>20965</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOVNANIAN SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>817 RIVER ROAD</AddressLine1Txt>
            <CityNm>NEW MILFORD</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07646</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>1000000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HUB ARTSAKH DEVELOPMENT NGO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>NELSON STEPANYAN 9/25</AddressLine1Txt>
            <CityNm>ARTSAKH</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10723</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ICARE FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>1 12TH ALLEY 5TH STREET</AddressLine1Txt>
            <CityNm>PROSHYAN KOTAYK</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>2413</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>53000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INSTITUTE OF CONTEMPORARY ART FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>47 AVET AVETISYAN STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0033</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>11205</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>JERSEY SHORE WORK CAMP</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>16 CENTRAL AVE</AddressLine1Txt>
            <CityNm>HAZLET</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07730</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>JOAN DANCY AND PALS INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1 RIVERVIEW PLAZA PO BOX 8157</AddressLine1Txt>
            <CityNm>RED BANK</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>JRTUK LLC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>43 GYULBENKYAN STREET APARTMENT 103</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0033</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>19319</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KAZM CULTURAL NGO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>AZATAMARIKNERI 5TH LANE</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0020</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>31000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KHELG EDUCATION FUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>3 H HAKOBYAN STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0033</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>14000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MANCHESTER TOWNSHIP HIGH SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>101 S COLONIAL DRIVE</AddressLine1Txt>
            <CityNm>MANCHESTER</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08759</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>GOV</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MARMARI ASHKHARH LLC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>87 DAVID BEK STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0008</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>1106</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MARTY'S PLACE SENIOR DOG SANCTUARY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>118 ROUTE 526</AddressLine1Txt>
            <CityNm>UPPER FREEHOLD TOWNSHI</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08501</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MERK OF NEW JERSEY INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 68</AddressLine1Txt>
            <CityNm>NEW EGYPT</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08533</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MONMOUTH COUNTY SPCA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>260 WALL STREET</AddressLine1Txt>
            <CityNm>EATONTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07724</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>1501</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MONMOUTH MEDICAL CENTER FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>300 SECOND AVENUE</AddressLine1Txt>
            <CityNm>LONG BRANCH</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07740</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NATIONAL CENTER FOR AESTHETICS CJSC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>13 ABOVYAN STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>33548</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NO LIMITS CAFE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>418 ROUTE 35</AddressLine1Txt>
            <CityNm>RED BANK</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NPATAK EDUCATIONAL FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>1/3 BUZND STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>15629</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>OCEAN COUNTY COLLEGE FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1 COLLEGE DRIVE</AddressLine1Txt>
            <CityNm>TOMS RIVER</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08757</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>OCEAN COUNTY VOTECH SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>137 BEA LEY ROAD</AddressLine1Txt>
            <CityNm>TOMS RIVER</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08754</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>1071000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>OCEAN HOUSING ALLIANCE INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>605 BAY AVENUE</AddressLine1Txt>
            <CityNm>POINT PLEASANT BEACH</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08742</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ONE ARMENIA NGO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>2/2 MELIK ADAMYAN STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>9350</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RAMAPO COLLEGE OF NEW JERSEY - FINANCIAL AID OFFICE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>505 RAMAPO VALLEY ROAD</AddressLine1Txt>
            <CityNm>MAHWAH</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07430</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>REANIMANIA NGO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>22 NIKOL DUMAN STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>21145</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>REARMENIA CHARITABLE FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>65/5 HALABYAN STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0078</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RELQ EDUCATION FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>3 H HAKOBYAN STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0033</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>14000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>REPAT ARMENIA FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>2/2 MELIK ADAMYAN STREET 5TH FLOOR</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>259050</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ROG PRODUCTION LLC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>HASRATYAN AVE 10 APT 21</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANDY HOOK FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>84 MERCER ROAD</AddressLine1Txt>
            <CityNm>HIGHLANDS</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07732</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>4760</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SETON HALL UNIVERSITY - BURSAR'S OFFICE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>400 SOUTH ORANGE AVENUE</AddressLine1Txt>
            <CityNm>SOUTH ORANGE</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07079</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SHORE CLUBHOUSE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>266 BROADWAY</AddressLine1Txt>
            <CityNm>LONG BRANCH</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07740</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>STEPHEN SILLER TUNNEL TO TOWER FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2361 HYLAN BOULEVARD NEW YORK</AddressLine1Txt>
            <CityNm>STATEN ISLAND</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10306</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>STOCKTON UNIVERSITY - BURSAR'S OFFICE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>101 VERA KING FARRIS DRIVE GALLOWAY</AddressLine1Txt>
            <CityNm>GALLOWAY</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>09205</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>GOV</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TAHUYS SOCIAL EDUCATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>5 IJEVANYAN STREET</AddressLine1Txt>
            <CityNm>IJEVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>4001</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>25181</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE ARC OCEAN COUNTY CHAPTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>393 MANTOLOKING ROAD</AddressLine1Txt>
            <CityNm>BRICK</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08723</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE TUFENKIAN FOUNDATION INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>20 CAPITOL DRIVE</AddressLine1Txt>
            <CityNm>MOONACHIE</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07074</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>POF</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>VILLANOVA UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>800 LANCASTER AVENUE</AddressLine1Txt>
            <CityNm>VILLANOVA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19085</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>2010000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WEST CHESTER UNIVERSITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>OFFICE OF FINANCIAL AID 25</AddressLine1Txt>
            <AddressLine2Txt>UNIVERSITY AVE</AddressLine2Txt>
            <CityNm>WEST CHESTER</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19383</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WOMEN'S SUPPORT CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>21/1 TUMANYAN STREET</AddressLine1Txt>
            <CityNm>YEREVAN</CityNm>
            <CountryCd>AM</CountryCd>
            <ForeignPostalCd>0010</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE.</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>10153271</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>4952145</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>956476</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>1625102</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>18322885</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>25856608</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>25856608</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>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>EDELE HOVNANIAN</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>4000 ROUTE 66</AddressLine1Txt>
          <CityNm>TINTON FALLS</CityNm>
          <StateAbbreviationCd>NJ</StateAbbreviationCd>
          <ZIPCd>07753</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>346711</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>VANADZOR PROPERTY - 53 HERATSI STREET, VANADZOR, ARMENIA</NoncashPropertyDesc>
        <FairMarketValueAmt>319711</FairMarketValueAmt>
        <ReceivedDt>2024-08-02</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>GORIS PROPERTY - 3 MAKICH STREET, GORIS, ARMENIA</NoncashPropertyDesc>
        <FairMarketValueAmt>27000</FairMarketValueAmt>
        <ReceivedDt>2024-08-02</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>10660</Amt>
        <NetInvestmentIncomeAmt>5330</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5330</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc2203000001">
      <DepreciationPropertyGrp>
        <PropertyDesc>2 JEEPS</PropertyDesc>
        <AcquiredDt>2008-01-11</AcquiredDt>
        <CostOrOtherBasisAmt>86833</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>86833</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUILDING</PropertyDesc>
        <AcquiredDt>2013-04-01</AcquiredDt>
        <CostOrOtherBasisAmt>10075000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2766316</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>258333</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>258333</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>LAND</PropertyDesc>
        <AcquiredDt>2013-04-01</AcquiredDt>
        <CostOrOtherBasisAmt>5425000</CostOrOtherBasisAmt>
        <ComputationMethodTxt>L</ComputationMethodTxt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HVAC UNIT</PropertyDesc>
        <AcquiredDt>2013-12-01</AcquiredDt>
        <CostOrOtherBasisAmt>53525</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>26762</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EVERBANK IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2013-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>11518</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3085</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>295</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>295</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SECURITY SYSTEM</PropertyDesc>
        <AcquiredDt>2014-09-01</AcquiredDt>
        <CostOrOtherBasisAmt>6737</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3368</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CMC</PropertyDesc>
        <AcquiredDt>2014-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>15930</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3859</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>408</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>408</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FINANCIAL ALTERNATIVES</PropertyDesc>
        <AcquiredDt>2014-04-01</AcquiredDt>
        <CostOrOtherBasisAmt>27620</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6907</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>708</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>708</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>YEREVAN BUILDING/LAND</PropertyDesc>
        <AcquiredDt>2013-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>2385960</CostOrOtherBasisAmt>
        <ComputationMethodTxt>L</ComputationMethodTxt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>YEREVAN LAND</PropertyDesc>
        <AcquiredDt>2015-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>66739</CostOrOtherBasisAmt>
        <ComputationMethodTxt>L</ComputationMethodTxt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>AXA EQUITABLE LIFE INSURANCE</PropertyDesc>
        <AcquiredDt>2016-12-05</AcquiredDt>
        <CostOrOtherBasisAmt>34405</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6217</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>882</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>882</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CLIENT SOLUTIONS ARCHITECTS</PropertyDesc>
        <AcquiredDt>2016-09-28</AcquiredDt>
        <CostOrOtherBasisAmt>13063</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2443</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>335</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>335</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EPIC HEALTH SERVICES</PropertyDesc>
        <AcquiredDt>2016-12-05</AcquiredDt>
        <CostOrOtherBasisAmt>9375</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1690</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>240</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>240</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EVERBANK</PropertyDesc>
        <AcquiredDt>2016-12-05</AcquiredDt>
        <CostOrOtherBasisAmt>7742</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1401</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>199</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>199</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMMUNITY MEDICAL CENTER</PropertyDesc>
        <AcquiredDt>2017-12-01</AcquiredDt>
        <CostOrOtherBasisAmt>216819</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>33586</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>5559</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>5559</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>DEPARTMENT OF LABOR</PropertyDesc>
        <AcquiredDt>2017-03-03</AcquiredDt>
        <CostOrOtherBasisAmt>45409</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7906</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1164</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1164</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>VITAL AXIS</PropertyDesc>
        <AcquiredDt>2017-03-03</AcquiredDt>
        <CostOrOtherBasisAmt>44400</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7729</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1138</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1138</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CLIENT SOLUTIONS ARCHITECTS "CSA" RELO</PropertyDesc>
        <AcquiredDt>2018-03-24</AcquiredDt>
        <CostOrOtherBasisAmt>70861</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>10523</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1817</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1817</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>NOVAGRADAC &amp; COMPANY</PropertyDesc>
        <AcquiredDt>2017-11-08</AcquiredDt>
        <CostOrOtherBasisAmt>79840</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>12538</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>2047</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>2047</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HVAC</PropertyDesc>
        <AcquiredDt>2017-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>48364</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>13098</PriorYearDepreciationAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>12.000000000000</LifeRt>
        <CurrentYearExpenseAmt>2015</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>4030</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>ROOF</PropertyDesc>
        <AcquiredDt>2017-08-01</AcquiredDt>
        <CostOrOtherBasisAmt>16277</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2595</PriorYearDepreciationAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>40.000000000000</LifeRt>
        <CurrentYearExpenseAmt>407</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>407</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EV-CONSULTING LLC</PropertyDesc>
        <AcquiredDt>2017-12-01</AcquiredDt>
        <CostOrOtherBasisAmt>6306</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>955</PriorYearDepreciationAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>40.000000000000</LifeRt>
        <CurrentYearExpenseAmt>158</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>158</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUILDING COST</PropertyDesc>
        <AcquiredDt>2017-02-14</AcquiredDt>
        <CostOrOtherBasisAmt>3632132</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>624271</PriorYearDepreciationAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>40.000000000000</LifeRt>
        <CurrentYearExpenseAmt>90803</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>90803</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>LAND COST</PropertyDesc>
        <AcquiredDt>2017-02-14</AcquiredDt>
        <CostOrOtherBasisAmt>964448</CostOrOtherBasisAmt>
        <ComputationMethodTxt>L</ComputationMethodTxt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BV BOILER</PropertyDesc>
        <AcquiredDt>2018-10-16</AcquiredDt>
        <CostOrOtherBasisAmt>112116</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>15.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>7474</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HIKEARMENIA BUILDING</PropertyDesc>
        <AcquiredDt>2018-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>16715</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3319</PriorYearDepreciationAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>30.000000000000</LifeRt>
        <CurrentYearExpenseAmt>557</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HIKEARMENIA FURNITURE</PropertyDesc>
        <AcquiredDt>2018-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>10894</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5334</PriorYearDepreciationAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>12.000000000000</LifeRt>
        <CurrentYearExpenseAmt>908</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FINANCIAL ALTERNATIVES (1ST AMENDMENT)</PropertyDesc>
        <AcquiredDt>2019-07-17</AcquiredDt>
        <CostOrOtherBasisAmt>9841</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1124</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>252</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>252</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BANCROFT NEUROHEALTH</PropertyDesc>
        <AcquiredDt>2019-07-17</AcquiredDt>
        <CostOrOtherBasisAmt>69814</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7980</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1790</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1790</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>AXA - 3RD AMENDMENT</PropertyDesc>
        <AcquiredDt>2020-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>51304</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5152</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1315</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1315</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>ROOF</PropertyDesc>
        <AcquiredDt>2021-12-01</AcquiredDt>
        <CostOrOtherBasisAmt>7862</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>421</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>202</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>202</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>IONIZATION SYSTEM</PropertyDesc>
        <AcquiredDt>2021-04-09</AcquiredDt>
        <CostOrOtherBasisAmt>39845</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2789</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1022</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1022</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>AIR COMPRESSOR</PropertyDesc>
        <AcquiredDt>2021-06-18</AcquiredDt>
        <CostOrOtherBasisAmt>37172</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2418</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>953</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>953</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>AIR COMPRESSOR</PropertyDesc>
        <AcquiredDt>2021-06-04</AcquiredDt>
        <CostOrOtherBasisAmt>20387</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1347</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>523</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>523</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>RTU#6 REPLACEMENT</PropertyDesc>
        <AcquiredDt>2021-06-04</AcquiredDt>
        <CostOrOtherBasisAmt>49160</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3247</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1261</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1261</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CARPET REPLACEMENT</PropertyDesc>
        <AcquiredDt>2021-11-05</AcquiredDt>
        <CostOrOtherBasisAmt>45965</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2539</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1179</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1179</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>USI - JOB C291</PropertyDesc>
        <AcquiredDt>2021-09-27</AcquiredDt>
        <CostOrOtherBasisAmt>109057</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6320</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>2796</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>2796</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMCAST JOB C-294</PropertyDesc>
        <AcquiredDt>2021-11-05</AcquiredDt>
        <CostOrOtherBasisAmt>53960</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2980</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1384</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1384</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>ROOF</PropertyDesc>
        <AcquiredDt>2021-12-01</AcquiredDt>
        <CostOrOtherBasisAmt>77657</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4151</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1991</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1991</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>DOORS/WINDOWS</PropertyDesc>
        <AcquiredDt>2021-12-01</AcquiredDt>
        <CostOrOtherBasisAmt>16000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>828</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>410</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>410</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FF&amp;E YEREVAN</PropertyDesc>
        <AcquiredDt>2021-12-28</AcquiredDt>
        <CostOrOtherBasisAmt>61384</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3161</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1574</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1574</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>YEREVAN BUILDING - 23 RUSTAVELLU</PropertyDesc>
        <AcquiredDt>2021-07-22</AcquiredDt>
        <CostOrOtherBasisAmt>360800</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>18040</PriorYearDepreciationAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>40.000000000000</LifeRt>
        <CurrentYearExpenseAmt>9020</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>YEREVAN BUILDING - 41 TUMANIAN</PropertyDesc>
        <AcquiredDt>2021-07-22</AcquiredDt>
        <CostOrOtherBasisAmt>256200</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>12810</PriorYearDepreciationAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>40.000000000000</LifeRt>
        <CurrentYearExpenseAmt>6405</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>YEREVAN BUILDING - 5 VARDANANT</PropertyDesc>
        <AcquiredDt>2021-07-22</AcquiredDt>
        <CostOrOtherBasisAmt>181800</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>9090</PriorYearDepreciationAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>40.000000000000</LifeRt>
        <CurrentYearExpenseAmt>4545</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>YEREVAN BUILDING - 62 HANRAPETUTYAN</PropertyDesc>
        <AcquiredDt>2021-07-22</AcquiredDt>
        <CostOrOtherBasisAmt>247000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>12350</PriorYearDepreciationAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>40.000000000000</LifeRt>
        <CurrentYearExpenseAmt>6175</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EPIC - C 300</PropertyDesc>
        <AcquiredDt>2022-04-01</AcquiredDt>
        <CostOrOtherBasisAmt>34575</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1515</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>887</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>887</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BANKERS LIFE - C303</PropertyDesc>
        <AcquiredDt>2022-09-23</AcquiredDt>
        <CostOrOtherBasisAmt>87229</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2889</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>2237</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>2237</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CHS123 - C305</PropertyDesc>
        <AcquiredDt>2022-05-20</AcquiredDt>
        <CostOrOtherBasisAmt>47150</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1965</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1209</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1209</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CHS340 - C306</PropertyDesc>
        <AcquiredDt>2022-12-20</AcquiredDt>
        <CostOrOtherBasisAmt>30579</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>817</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>784</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>784</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>NJEA - C310</PropertyDesc>
        <AcquiredDt>2022-03-25</AcquiredDt>
        <CostOrOtherBasisAmt>21667</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>996</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>556</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>556</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUINOX SOLAR - C312</PropertyDesc>
        <AcquiredDt>2022-04-22</AcquiredDt>
        <CostOrOtherBasisAmt>27014</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1184</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>693</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>693</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>DEPARTMENT OF LABOR - C319</PropertyDesc>
        <AcquiredDt>2022-10-07</AcquiredDt>
        <CostOrOtherBasisAmt>17112</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>530</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>439</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>439</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>VNA - C320</PropertyDesc>
        <AcquiredDt>2022-11-18</AcquiredDt>
        <CostOrOtherBasisAmt>24407</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>704</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>626</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>626</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FF&amp;E YEREVAN</PropertyDesc>
        <AcquiredDt>2022-12-21</AcquiredDt>
        <CostOrOtherBasisAmt>142367</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3802</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>3650</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>3650</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FF&amp;E YEREVAN</PropertyDesc>
        <AcquiredDt>2022-10-17</AcquiredDt>
        <CostOrOtherBasisAmt>16301</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>505</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>418</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>418</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>YEREVAN BUILDING (CC RENOVATION)</PropertyDesc>
        <AcquiredDt>2022-12-21</AcquiredDt>
        <CostOrOtherBasisAmt>84244</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2250</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>2160</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>2160</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HCO</PropertyDesc>
        <AcquiredDt>2022-12-21</AcquiredDt>
        <CostOrOtherBasisAmt>91441</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2443</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>2345</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>2345</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HCO</PropertyDesc>
        <AcquiredDt>2023-03-07</AcquiredDt>
        <CostOrOtherBasisAmt>41226</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>837</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1057</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1057</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CIVITTA</PropertyDesc>
        <AcquiredDt>2023-12-19</AcquiredDt>
        <CostOrOtherBasisAmt>1713</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>44</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>44</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>YEREVAN BUILDING - REPAT RENOVATION</PropertyDesc>
        <AcquiredDt>2023-10-31</AcquiredDt>
        <CostOrOtherBasisAmt>51451</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>275</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1319</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1319</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FF&amp;E - YEREVAN - CC UPGRADE</PropertyDesc>
        <AcquiredDt>2023-12-01</AcquiredDt>
        <CostOrOtherBasisAmt>14614</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>16</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>375</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>375</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FF&amp;E - YEREVAN - C. ROOM UPGRADE</PropertyDesc>
        <AcquiredDt>2023-03-28</AcquiredDt>
        <CostOrOtherBasisAmt>23705</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>481</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>608</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>608</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>AC#2, COMPRESSOR#2</PropertyDesc>
        <AcquiredDt>2023-06-14</AcquiredDt>
        <CostOrOtherBasisAmt>50171</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2007</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>3211</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>10034</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>RENOVATIONS</PropertyDesc>
        <AcquiredDt>2023-03-23</AcquiredDt>
        <CostOrOtherBasisAmt>3380</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>70</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>87</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>87</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>VANADZOR PROPERTY - 53 M. HERATSI ST</PropertyDesc>
        <AcquiredDt>2024-08-02</AcquiredDt>
        <CostOrOtherBasisAmt>319711</CostOrOtherBasisAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>40.000000000000</LifeRt>
        <CurrentYearExpenseAmt>2997</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>GORIS PROPERTY - 3 MAKICH ST</PropertyDesc>
        <AcquiredDt>2024-08-02</AcquiredDt>
        <CostOrOtherBasisAmt>27000</CostOrOtherBasisAmt>
        <ComputationMethodTxt>ADS</ComputationMethodTxt>
        <LifeRt>40.000000000000</LifeRt>
        <CurrentYearExpenseAmt>253</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CIVITTA</PropertyDesc>
        <AcquiredDt>2024-05-08</AcquiredDt>
        <CostOrOtherBasisAmt>50000</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>801</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>801</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FF&amp;E - VANADZOR BUILDING EXPENSE REIMB</PropertyDesc>
        <AcquiredDt>2023-12-19</AcquiredDt>
        <CostOrOtherBasisAmt>1685</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>43</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>43</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HVAC IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2024-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>1708725</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1826</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1826</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUINOX SOLAR</PropertyDesc>
        <AcquiredDt>2024-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>31898</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>34</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>34</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>ADA DOORS (MR KEYS)</PropertyDesc>
        <AcquiredDt>2024-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>30736</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>33</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>33</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <ExpenditureResponsibilityStmt documentId="RetDoc2118100001">
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ACS IC OUR LADY OF ARMENIA CONVENT</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>6 CHARENTS STREET ANI DISTRICT</AddressLine1Txt>
          <CityNm>GYUMRI</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>3126</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2021-06-04</GrantDt>
        <GrantAmt>125000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>125000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2021, 12/31/2022, 12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>API SENGO</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>134 1 TSARAV AGHBYUR STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0052</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-12-09</GrantDt>
        <GrantAmt>15000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>15000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ARMENIA SME FUND</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>412F ROUTE DESCH</AddressLine1Txt>
          <CityNm>LUXEMBOURG</CityNm>
          <CountryCd>LU</CountryCd>
          <ForeignPostalCd>L-2086</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2021-03-29</GrantDt>
        <GrantAmt>1074552</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>1074552</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/21, 12/31/22, 12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ARMENIAN ASSOCIATION OF SOCIAL WORKERS NGO</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>55/5 TSARAV AGHBYUR STREET APT 28</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0052</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2023-11-13</GrantDt>
        <GrantAmt>32127</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>32127</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ARMENIAN BIOINFORMATICS INSTITUTE SCIENTIFIC EDUCATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>3 6 STEPANYAN AVENUE APT 67</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-04-01</GrantDt>
        <GrantAmt>20000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>20000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ARMSYMPHONY SUPPORT FUND</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>BUZAND STREET 3 37 OFFICE AREA</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-10-09</GrantDt>
        <GrantAmt>38476</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>38476</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ARPA ENVIRONMENTAL FOUNDATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>1/8 YEREVANYAN HIGHWAY BUILDING 1</AddressLine1Txt>
          <CityNm>YEGHEGNADZOR</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>3601</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2023-05-15</GrantDt>
        <GrantAmt>9883</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>9883</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>BAZOOMQ FOUNDATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>AVENUE 7 APT 22</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-03-25</GrantDt>
        <GrantAmt>44000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>44000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>BERD COMMUNITY OF TAVUSH</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>29 MASHTOTS STREET</AddressLine1Txt>
          <CityNm>BERD</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>4201</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-11-28</GrantDt>
        <GrantAmt>48336</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>48336</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>BIM ENGINEERING LLC</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>AVAN ARINJ 1ST MICRODISTRICT HOUSE</AddressLine1Txt>
          <AddressLine2Txt>1/7</AddressLine2Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0060</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2023-11-27</GrantDt>
        <GrantAmt>1341</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>1341</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>CANAPEA LLC</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>SHINARARNERI STREET 4 BUILDING</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0038</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-12-20</GrantDt>
        <GrantAmt>2135</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>2135</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>CARITAS AREGAK CHARITY FOUNDATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>3/2 BAGRATUNYATS STREET</AddressLine1Txt>
          <CityNm>GYUMRI</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>3126</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-10-07</GrantDt>
        <GrantAmt>16134</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>16134</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>COUNTRY OF DUST</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>9 TUMANYAN STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-06-10</GrantDt>
        <GrantAmt>7500</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>7500</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>FILMADARAN</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>30 AGHASI</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0052</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-10-09</GrantDt>
        <GrantAmt>11200</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>11200</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>FRIENDS OF BOTANICAL GARDENS</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>1 ARCHARYAN STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0063</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2023-05-15</GrantDt>
        <GrantAmt>229789</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>229789</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>GITUZH SCIENTIFIC ECOSYSTEM</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>3 HAKOB HAKOBYAN STREET 11TH FLOOR</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0033</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-11-14</GrantDt>
        <GrantAmt>32155</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>32155</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>GLOBAL TO LOCAL</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>22 DAVITASHEN APT 36</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0054</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-06-10</GrantDt>
        <GrantAmt>30961</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>30961</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <PersonNm>HAYK PETROSYAN</PersonNm>
        <ForeignAddress>
          <AddressLine1Txt>NOR NORK 2ND BLOCK BAGREVAND 50</AddressLine1Txt>
          <AddressLine2Txt>HOUSE</AddressLine2Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0062</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2023-01-03</GrantDt>
        <GrantAmt>15380</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE A FELLOWSHIP GRANT TO AN INDIVIDUAL TO SUPPORT STUDY, RESEARCH, AND PROFESSIONAL DEVELOPMENT ACTIVITIES THAT ADVANCE CHARITABLE AND EDUCATIONAL PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE GRANT FUNDS WERE PROVIDED TO ENABLE THE RECIPIENT TO PURSUE WORK THAT CONTRIBUTES TO THE ADVANCEMENT OF KNOWLEDGE AND THE PROMOTION OF THE PUBLIC GOOD, IN ALIGNMENT WITH THE FOUNDATION'S EXEMPT OBJECTIVES. THE FOUNDATION HAS UNDERTAKEN EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS, INCLUDING OBTAINING PERIODIC REPORTS AND MAINTAINING APPROPRIATE RECORDS REGARDING THE USE OF GRANT FUNDS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>15380</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>HEALTH FOR ARMENIA SOCIAL</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>31 MOSKOVYAN STREET APT 52</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2023-11-13</GrantDt>
        <GrantAmt>25000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>25000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2023</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>HOMELAND DEVELOPMENT FOUND</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>164/2 KHORENATSI STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0070</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-10-04</GrantDt>
        <GrantAmt>20965</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>20965</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>HUB ARTSAKH DEVELOPMENT NGO</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>NELSON STEPANYAN 9/25</AddressLine1Txt>
          <CityNm>ARTSAKH</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2022-09-20</GrantDt>
        <GrantAmt>10723</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>10723</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2022, 12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ICARE FOUNDATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>1 12TH ALLEY 5TH STREET</AddressLine1Txt>
          <CityNm>PROSHYAN KOTAYK</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>2413</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-03-26</GrantDt>
        <GrantAmt>53000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>53000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>INSTITUTE OF CONTEMPORARY ART FOUNDATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>47 AVET AVETISYAN STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0033</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-10-07</GrantDt>
        <GrantAmt>11205</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>11205</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>JRTUK LLC</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>43 GYULBENKYAN STREET APARTMENT 103</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0033</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2023-09-25</GrantDt>
        <GrantAmt>19319</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>19319</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>KAZM CULTURAL NGO</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>AZATAMARIKNERI 5TH LANE</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0020</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-06-14</GrantDt>
        <GrantAmt>31000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>31000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>KHELG EDUCATION FUND</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>3 H HAKOBYAN STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0033</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-04-05</GrantDt>
        <GrantAmt>14000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>14000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>MARMARI ASHKHARH LLC</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>87 DAVID BEK STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0008</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-12-20</GrantDt>
        <GrantAmt>1106</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>1106</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>NATIONAL CENTER FOR AESTHETICS CJSC</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>13 ABOVYAN STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-09-09</GrantDt>
        <GrantAmt>33548</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>33548</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>NPATAK EDUCATIONAL FOUNDATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>1/3 BUZND STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2023-09-21</GrantDt>
        <GrantAmt>15629</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>15629</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ONE ARMENIA NGO</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>2/2 MELIK ADAMYAN STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-10-07</GrantDt>
        <GrantAmt>9350</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>9350</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>REANIMANIA NGO</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>22 NIKOL DUMAN STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2023-10-13</GrantDt>
        <GrantAmt>21145</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>21145</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>REARMENIA CHARITABLE FOUNDATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>65/5 HALABYAN STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0078</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2022-02-28</GrantDt>
        <GrantAmt>25000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>25000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2022, 12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>RELQ EDUCATION FOUNDATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>3 H HAKOBYAN STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0033</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-09-30</GrantDt>
        <GrantAmt>14000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>14000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>REPAT ARMENIA FOUNDATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>2/2 MELIK ADAMYAN STREET 5TH FLOOR</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2023-01-03</GrantDt>
        <GrantAmt>259050</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>259050</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/2023, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ROG PRODUCTION LLC</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>HASRATYAN AVE 10 APT 21</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-06-18</GrantDt>
        <GrantAmt>40000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>40000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>TAHUYS SOCIAL EDUCATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>5 IJEVANYAN STREET</AddressLine1Txt>
          <CityNm>IJEVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>4001</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2024-03-26</GrantDt>
        <GrantAmt>25181</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>25181</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/24</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>WOMEN'S SUPPORT CENTER</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>21/1 TUMANYAN STREET</AddressLine1Txt>
          <CityNm>YEREVAN</CityNm>
          <CountryCd>AM</CountryCd>
          <ForeignPostalCd>0010</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2021-04-01</GrantDt>
        <GrantAmt>20000</GrantAmt>
        <PurposeOfGrantTxt>THE FOUNDATION MADE AN UNRESTRICTED GRANT TO A FOREIGN CHARITABLE ORGANIZATION TO SUPPORT ACTIVITIES AND INITIATIVES THAT ADVANCE CHARITABLE PURPOSES CONSISTENT WITH THOSE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FUNDS ARE PROVIDED FOR GENERAL OPERATING SUPPORT, INCLUDING ADMINISTRATIVE AND PROGRAMMATIC EXPENSES. THE FOUNDATION HAS CONDUCTED EXPENDITURE RESPONSIBILITY IN ACCORDANCE WITH THE STANDARDS AND PROCEDURES PRESCRIBED BY THE TREASURY REGULATIONS.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>20000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED.</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/21, 12/31/22, 12/31/23, 12/31/2024</DatesOfReportsByGranteeTxt>
        <VerificationDt>2024-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
    </ExpenditureResponsibilityStmt>
    <ExplnOfNonFilingWithAGStmt documentId="RetDoc2210600001">
      <ExplanationTxt>THE FOUNDATION CONDUCTS ITS OPERATIONS WITHIN THE STATE OF NEW JERSEY; HOWEVER, IT DOES NOT ENGAGE IN THE SOLICITATION OF CHARITABLE CONTRIBUTIONS FROM THE GENERAL PUBLIC. PURSUANT TO THE NEW JERSEY CHARITABLE REGISTRATION AND INVESTIGATION ACT, N.J.S.A. 45:17A-18 ET SEQ., CHARITABLE ORGANIZATIONS THAT DO NOT SOLICIT OR RECEIVE CONTRIBUTIONS FROM THE PUBLIC ARE NOT REQUIRED TO REGISTER WITH, OR FURNISH COPIES OF THEIR ANNUAL RETURNS TO, THE NEW JERSEY DIVISION OF CONSUMER AFFAIRS. SPECIFICALLY, UNDER N.J.S.A. 45:17A-26, ORGANIZATIONS THAT DO NOT SOLICIT CONTRIBUTIONS WITHIN THE STATE ARE EXEMPT FROM THE REGISTRATION AND FILING REQUIREMENTS OF THE ACT. UNDER DELAWARE LAW, CHARITABLE ORGANIZATIONS THAT DO NOT SOLICIT CONTRIBUTIONS FROM THE PUBLIC WITHIN THE STATE OF DELAWARE ARE NOT REQUIRED TO REGISTER WITH THE DELAWARE DEPARTMENT OF JUSTICE UNDER THE CHARITABLE SOLICITATION PROVISIONS OF TITLE 6, CHAPTER 25 OF THE DELAWARE CODE. IN CALIFORNIA, THE FOUNDATION IS REGISTERED WITH THE CALIFORNIA ATTORNEY GENERAL'S REGISTRY OF CHARITIES AND FUNDRAISERS IN ACCORDANCE WITH THE REQUIREMENTS OF THE CALIFORNIA SUPERVISION OF TRUSTEES AND FUNDRAISERS FOR CHARITABLE PURPOSES ACT (CAL. GOV. CODE 12580 12599.8). THE FOUNDATION FURNISHES ITS ANNUAL FORM 990-PF TO THE CALIFORNIA ATTORNEY GENERAL AND REMAINS IN GOOD STANDING WITH THE REGISTRY. ACCORDINGLY, THE FOUNDATION IS NOT REQUIRED TO REGISTER WITH, OR FURNISH COPIES OF ITS FORM 990-PF TO, THE STATES OF NEW JERSEY OR DELAWARE UNDER THEIR RESPECTIVE CHARITABLE REGISTRATION AND SOLICITATION STATUTES. COPIES OF THE FOUNDATION'S ANNUAL FORM 990-PF ARE, HOWEVER, AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AT THE FOUNDATION'S PRINCIPAL OFFICE, IN ACCORDANCE WITH THE PUBLIC DISCLOSURE REQUIREMENTS OF SECTION 6104 OF THE INTERNAL REVENUE CODE.</ExplanationTxt>
    </ExplnOfNonFilingWithAGStmt>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>INVESTMENTS</StockNm>
        <EOYBookValueAmt>102025499</EOYBookValueAmt>
        <EOYFMVAmt>102025499</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="RetDoc2059100001">
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>10075000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3024649</AccumulatedDepreciationAmt>
        <BookValueAmt>7050351</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>LAND</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>5425000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>5425000</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>HVAC UNIT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>53525</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>53525</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>EVERBANK IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11518</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3380</AccumulatedDepreciationAmt>
        <BookValueAmt>8138</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>SECURITY SYSTEM</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>6737</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6737</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>CMC</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>15930</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4267</AccumulatedDepreciationAmt>
        <BookValueAmt>11663</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>FINANCIAL ALTERNATIVES</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>27620</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>7615</AccumulatedDepreciationAmt>
        <BookValueAmt>20005</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>AXA EQUITABLE LIFE INSURANCE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>34405</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>7099</AccumulatedDepreciationAmt>
        <BookValueAmt>27306</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>CLIENT SOLUTIONS ARCHITECTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>13063</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2778</AccumulatedDepreciationAmt>
        <BookValueAmt>10285</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>EPIC HEALTH SERVICES</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>9375</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1930</AccumulatedDepreciationAmt>
        <BookValueAmt>7445</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>EVERBANK</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>7742</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1600</AccumulatedDepreciationAmt>
        <BookValueAmt>6142</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>COMMUNITY MEDICAL CENTER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>216819</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>39145</AccumulatedDepreciationAmt>
        <BookValueAmt>177674</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>DEPARTMENT OF LABOR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>45409</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>9070</AccumulatedDepreciationAmt>
        <BookValueAmt>36339</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>VITAL AXIS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>44400</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>8867</AccumulatedDepreciationAmt>
        <BookValueAmt>35533</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>CLIENT SOLUTIONS ARCHITECTS "CSA" RELO</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>70861</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>12340</AccumulatedDepreciationAmt>
        <BookValueAmt>58521</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>NOVAGRADAC &amp; COMPANY</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>79840</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>14585</AccumulatedDepreciationAmt>
        <BookValueAmt>65255</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>HVAC</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>48364</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>39295</AccumulatedDepreciationAmt>
        <BookValueAmt>9069</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>ROOF</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>16277</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3002</AccumulatedDepreciationAmt>
        <BookValueAmt>13275</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>EV-CONSULTING LLC</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>6306</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1113</AccumulatedDepreciationAmt>
        <BookValueAmt>5193</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING COST</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3632132</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>715074</AccumulatedDepreciationAmt>
        <BookValueAmt>2917058</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>LAND COST</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>964448</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>964448</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BV BOILER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>112116</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>112116</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>FINANCIAL ALTERNATIVES (1ST AMENDMENT)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>9841</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1376</AccumulatedDepreciationAmt>
        <BookValueAmt>8465</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BANCROFT NEUROHEALTH</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>69814</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>9770</AccumulatedDepreciationAmt>
        <BookValueAmt>60044</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>AXA - 3RD AMENDMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>51304</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6467</AccumulatedDepreciationAmt>
        <BookValueAmt>44837</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>ROOF</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>7862</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>623</AccumulatedDepreciationAmt>
        <BookValueAmt>7239</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>IONIZATION SYSTEM</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>39845</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3811</AccumulatedDepreciationAmt>
        <BookValueAmt>36034</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>AIR COMPRESSOR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>37172</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3371</AccumulatedDepreciationAmt>
        <BookValueAmt>33801</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>AIR COMPRESSOR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>20387</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1870</AccumulatedDepreciationAmt>
        <BookValueAmt>18517</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>RTU#6 REPLACEMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>49160</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4508</AccumulatedDepreciationAmt>
        <BookValueAmt>44652</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>CARPET REPLACEMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>45965</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3718</AccumulatedDepreciationAmt>
        <BookValueAmt>42247</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>USI - JOB C291</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>109057</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>9116</AccumulatedDepreciationAmt>
        <BookValueAmt>99941</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>COMCAST JOB C-294</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>53960</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4364</AccumulatedDepreciationAmt>
        <BookValueAmt>49596</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>ROOF</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>77657</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6142</AccumulatedDepreciationAmt>
        <BookValueAmt>71515</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>DOORS/WINDOWS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>16000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1238</AccumulatedDepreciationAmt>
        <BookValueAmt>14762</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>FF&amp;E YEREVAN</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>61384</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4735</AccumulatedDepreciationAmt>
        <BookValueAmt>56649</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>EPIC - C 300</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>34575</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2402</AccumulatedDepreciationAmt>
        <BookValueAmt>32173</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BANKERS LIFE - C303</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>87229</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>5126</AccumulatedDepreciationAmt>
        <BookValueAmt>82103</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>CHS123 - C305</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>47150</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3174</AccumulatedDepreciationAmt>
        <BookValueAmt>43976</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>CHS340 - C306</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>30579</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1601</AccumulatedDepreciationAmt>
        <BookValueAmt>28978</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>NJEA - C310</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>21667</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1552</AccumulatedDepreciationAmt>
        <BookValueAmt>20115</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>EQUINOX SOLAR - C312</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>27014</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1877</AccumulatedDepreciationAmt>
        <BookValueAmt>25137</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>DEPARTMENT OF LABOR - C319</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>17112</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>969</AccumulatedDepreciationAmt>
        <BookValueAmt>16143</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>VNA - C320</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>24407</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1330</AccumulatedDepreciationAmt>
        <BookValueAmt>23077</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>FF&amp;E YEREVAN</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>142367</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>7452</AccumulatedDepreciationAmt>
        <BookValueAmt>134915</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>FF&amp;E YEREVAN</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>16301</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>923</AccumulatedDepreciationAmt>
        <BookValueAmt>15378</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>YEREVAN BUILDING (CC RENOVATION)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>84244</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4410</AccumulatedDepreciationAmt>
        <BookValueAmt>79834</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>HCO</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>91441</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4788</AccumulatedDepreciationAmt>
        <BookValueAmt>86653</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>HCO</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>41226</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1894</AccumulatedDepreciationAmt>
        <BookValueAmt>39332</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>CIVITTA</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1713</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>46</AccumulatedDepreciationAmt>
        <BookValueAmt>1667</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>YEREVAN BUILDING - REPAT RENOVATION</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>51451</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1594</AccumulatedDepreciationAmt>
        <BookValueAmt>49857</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>FF&amp;E - YEREVAN - CC UPGRADE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>14614</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>391</AccumulatedDepreciationAmt>
        <BookValueAmt>14223</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>FF&amp;E - YEREVAN - C. ROOM UPGRADE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>23705</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1089</AccumulatedDepreciationAmt>
        <BookValueAmt>22616</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>AC#2, COMPRESSOR#2</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>50171</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>45355</AccumulatedDepreciationAmt>
        <BookValueAmt>4816</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>RENOVATIONS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3380</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>157</AccumulatedDepreciationAmt>
        <BookValueAmt>3223</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>CIVITTA</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>50000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>801</AccumulatedDepreciationAmt>
        <BookValueAmt>49199</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>FF&amp;E - VANADZOR BUILDING EXPENSE REIMB</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1685</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>43</AccumulatedDepreciationAmt>
        <BookValueAmt>1642</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>HVAC IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1708725</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1826</AccumulatedDepreciationAmt>
        <BookValueAmt>1706899</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>EQUINOX SOLAR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>31898</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>34</AccumulatedDepreciationAmt>
        <BookValueAmt>31864</BookValueAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>ADA DOORS (MR KEYS)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>30736</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>33</AccumulatedDepreciationAmt>
        <BookValueAmt>30703</BookValueAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ARES SENIOR DIRECT LENDING FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5009920</BookValueAmt>
        <EOYFMVAmt>5009920</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AXEBROOK CREDIT ALPHA FUND LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>4023543</BookValueAmt>
        <EOYFMVAmt>4023543</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BHMS INVESTMENTS FUND III LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>315777</BookValueAmt>
        <EOYFMVAmt>315777</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CODEFIGHTS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>142943</BookValueAmt>
        <EOYFMVAmt>142943</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DISCOTECH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>50000</BookValueAmt>
        <EOYFMVAmt>50000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GECKO ROBOTICS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>44992</BookValueAmt>
        <EOYFMVAmt>44992</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>KAZAZIAN CAPITAL OFFSHORE FUND LTD.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>8474321</BookValueAmt>
        <EOYFMVAmt>8474321</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>KRISP TECHNOLOGIES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>150000</BookValueAmt>
        <EOYFMVAmt>150000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>QUATIVA, INC.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>400000</BookValueAmt>
        <EOYFMVAmt>400000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SERVICE TITAN</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>717302</BookValueAmt>
        <EOYFMVAmt>717302</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SURPRISE HR</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>100000</BookValueAmt>
        <EOYFMVAmt>100000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TWO SEAS GLOBAL (CAYMAN) FUND LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>11655836</BookValueAmt>
        <EOYFMVAmt>11655836</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VINETI INC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>50000</BookValueAmt>
        <EOYFMVAmt>50000</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc2059000001">
      <LandEtcGrp>
        <CategoryOrItemTxt>2 JEEPS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>86833</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>86833</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>YEREVAN BUILDING/LAND</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2385960</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>2385960</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>YEREVAN LAND</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>66739</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>66739</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>HIKEARMENIA BUILDING</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>16715</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3876</AccumulatedDepreciationAmt>
        <BookValueAmt>12839</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>HIKEARMENIA FURNITURE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>10894</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6242</AccumulatedDepreciationAmt>
        <BookValueAmt>4652</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>YEREVAN BUILDING - 23 RUSTAVELLU</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>360800</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>27060</AccumulatedDepreciationAmt>
        <BookValueAmt>333740</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>YEREVAN BUILDING - 41 TUMANIAN</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>256200</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>19215</AccumulatedDepreciationAmt>
        <BookValueAmt>236985</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>YEREVAN BUILDING - 5 VARDANANT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>181800</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>13635</AccumulatedDepreciationAmt>
        <BookValueAmt>168165</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>YEREVAN BUILDING - 62 HANRAPETUTYAN</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>247000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>18525</AccumulatedDepreciationAmt>
        <BookValueAmt>228475</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>VANADZOR PROPERTY - 53 M. HERATSI ST</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>319711</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2997</AccumulatedDepreciationAmt>
        <BookValueAmt>316714</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>GORIS PROPERTY - 3 MAKICH ST</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>27000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>253</AccumulatedDepreciationAmt>
        <BookValueAmt>26747</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>1727</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1727</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>LAND &amp; SITE IMPROVEMENTS</Desc>
        <BOYBookValueAmt>665685</BOYBookValueAmt>
        <EOYBookValueAmt>700211</EOYBookValueAmt>
        <EOYFMVAmt>700211</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>OTHER RECEIVABLE</Desc>
        <BOYBookValueAmt>1602</BOYBookValueAmt>
        <EOYBookValueAmt>7159</EOYBookValueAmt>
        <EOYFMVAmt>7159</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSS ON INVESTMENTS</Desc>
        <Amt>6235808</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>ADVERTISING</Desc>
        <RevenueAndExpensesPerBooksAmt>5484</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5484</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ANNUAL REPORT</Desc>
        <RevenueAndExpensesPerBooksAmt>506</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>506</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ARMENIA OPERATING &amp; OVERHEAD COSTS</Desc>
        <RevenueAndExpensesPerBooksAmt>1720070</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1720070</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES &amp; SUBS</Desc>
        <RevenueAndExpensesPerBooksAmt>1180</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1180</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EVENT PARTICIPATION AND HOSPITALITY</Desc>
        <RevenueAndExpensesPerBooksAmt>10780</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>1830</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1830</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>26425</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>26425</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>1377</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1377</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SHARED OVERHEAD</Desc>
        <RevenueAndExpensesPerBooksAmt>122831</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>122831</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>STATE REPRESENTATION</Desc>
        <RevenueAndExpensesPerBooksAmt>852</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>852</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WORKERS COMP</Desc>
        <RevenueAndExpensesPerBooksAmt>1604</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1604</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>EXCHANGE RATE - GAIN</Desc>
        <RevenueAndExpensesPerBooksAmt>1212</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1212</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1212</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>INVESTMENT INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>1623890</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1623890</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1623890</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>TENANT SECURITY DEPOSITS</Desc>
        <BOYBookValueAmt>141024</BOYBookValueAmt>
        <EOYBookValueAmt>138064</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>DUE TO AFFILIATE</Desc>
        <BOYBookValueAmt>153903</BOYBookValueAmt>
        <EOYBookValueAmt>153903</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>BROKER AND INVESTMENT ADVISORY FEES</CategoryTxt>
        <Amt>1068073</Amt>
        <NetInvestmentIncomeAmt>1068073</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <SubstantialContributorsSch documentId="RetDoc2089200001">
      <SubstantialContributorDetail>
        <PersonNm>HIRAIR HOVNANIAN DEC 040821</PersonNm>
        <USAddress>
          <AddressLine1Txt>4000 ROUTE 66</AddressLine1Txt>
          <CityNm>TINTON FALLS</CityNm>
          <StateAbbreviationCd>NJ</StateAbbreviationCd>
          <ZIPCd>07753</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
    </SubstantialContributorsSch>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>274535</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID</CategoryTxt>
        <Amt>203212</Amt>
        <NetInvestmentIncomeAmt>203212</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>