﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2017v2.3">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2018-11-13T15:18:04-06:00</ReturnTs>
    <TaxPeriodEndDt>2017-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>BERKOWITZ POLLACK BRANT LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>200 S BISCAYNE BLVD 7th FL</AddressLine1Txt>
        <CityNm>MIAMI</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>33131</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2017-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>271024266</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>African Students' Education Fund Inc</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% JEFFREY M MUTNIK CPA</InCareOfNm>
      <BusinessNameControlTxt>AFRI</BusinessNameControlTxt>
      <PhoneNum>9547127094</PhoneNum>
      <USAddress>
        <AddressLine1Txt>200 S Biscayne Blvd 7th Floor</AddressLine1Txt>
        <CityNm>Miami</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>33131</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>ERIK SCHMOLLINGER</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>9547127094</PhoneNum>
      <SignatureDt>2018-05-12</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Adam Cohen CPA</PreparerPersonNm>
      <PTIN>P00541985</PTIN>
      <PhoneNum>3053797000</PhoneNum>
      <PreparationDt>2018-11-13</PreparationDt>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>38.104.95.90</IPv4AddressTxt>
      </IPAddress>
      <FederalOriginalSubmissionId>65716920183175000007</FederalOriginalSubmissionId>
      <FederalOriginalSubmissionIdDt>2018-11-13</FederalOriginalSubmissionIdDt>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>BBEBB06235E7AAF3CC51A86F9526B834EE3BDA08</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>0F8A2D393ACE05926D53A7C2245A061F8FC542CC</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2017</TaxYr>
    <BuildTS>2019-02-21 02:37:17Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>345167</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>0</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>24425</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>10</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>1782</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>686782</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>1782</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>26207</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>1792</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>142862</OthEmplSlrsWgsRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSch">19508</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1951</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>0</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">97</TaxesRevAndExpnssAmt>
        <TravConfMeetingRevAndExpnssAmt>17410</TravConfMeetingRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">128433</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>131589</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>308310</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>1951</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>131589</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>359716</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>359716</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>668026</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>1951</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>491305</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-641819</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>298350</CashBOYAmt>
        <CashEOYAmt>345166</CashEOYAmt>
        <CashEOYFMVAmt>345166</CashEOYFMVAmt>
        <RcvblFromOfficersBOYAmt>3636</RcvblFromOfficersBOYAmt>
        <RcvblFromOfficersEOYAmt referenceDocumentId="OthRecblOfficersSch">0</RcvblFromOfficersEOYAmt>
        <RcvblFromOfficersEOYFMVAmt>0</RcvblFromOfficersEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>697330</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="InvGovtObligSch">1</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>1</USGovtObligationsEOYFMVAmt>
        <TotalAssetsBOYAmt>999316</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>345167</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>345167</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>999316</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>345167</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>999316</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>345167</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>999316</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>345167</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>999316</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-641819</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>357497</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSch">12330</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>345167</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JUNCTION CITY KS BOND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-05-15</AcquiredDt>
          <SoldDt>2017-04-10</SoldDt>
          <GrossSalesPriceAmt>171692</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>170000</CostOrOtherBasisAmt>
          <GainOrLossAmt>1692</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1692</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JUNCTION CITY KS BOND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-05-15</AcquiredDt>
          <SoldDt>2017-04-26</SoldDt>
          <GrossSalesPriceAmt>15060</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15000</CostOrOtherBasisAmt>
          <GainOrLossAmt>60</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>60</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JUNCTION CITY KS BOND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-05-15</AcquiredDt>
          <SoldDt>2017-08-08</SoldDt>
          <GrossSalesPriceAmt>75030</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>75000</CostOrOtherBasisAmt>
          <GainOrLossAmt>30</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>30</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JUNCTION CITY KS BOND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-05-15</AcquiredDt>
          <SoldDt>2017-09-01</SoldDt>
          <GrossSalesPriceAmt>425000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>425000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>1782</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>487433</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>1169534</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.416775</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>356397</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>1448835</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.245989</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>258387</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>1823175</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.141724</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>191468</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>1979652</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.096718</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>75519</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>1734801</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.043532</DistributionYr5Rt>
        <TotalDistributionRt>0.944738</TotalDistributionRt>
        <AverageDistributionRt>0.188948</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>555122</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>104889</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>0</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>104889</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>491305</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>0</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>0</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>0</TaxBasedOnInvestmentIncomeAmt>
        <TotalPaymentsAndCreditsAmt>0</TotalPaymentsAndCreditsAmt>
        <TaxDueAmt>0</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd referenceDocumentId="BinaryAttach">false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd referenceDocumentId="BinaryAttach">false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd referenceDocumentId="BinaryAttach">false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>FL</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>JEFFREY M MUTNIK CPA</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>3053797000</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>200 S BISCAYNE BLVD 7TH FLOOR</AddressLine1Txt>
          <CityNm>Miami</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>33131</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>true</ForeignAccountsQuestionInd>
        <ForeignCountryCd>RW</ForeignCountryCd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>true</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Erik Schmollinger</PersonNm>
          <USAddress>
            <AddressLine1Txt>200 S Biscayne Blvd 7th Floor</AddressLine1Txt>
            <CityNm>Miami</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33131</ZIPCd>
          </USAddress>
          <TitleTxt>President/Treasurer/Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>4.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Barbara A Stiefel</PersonNm>
          <USAddress>
            <AddressLine1Txt>200 S Biscayne Blvd 7th Floor</AddressLine1Txt>
            <CityNm>Miami</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33131</ZIPCd>
          </USAddress>
          <TitleTxt>V.P./ Secretary/Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Justine Schmollinger</PersonNm>
          <USAddress>
            <AddressLine1Txt>200 S Biscayne Blvd 7th Floor</AddressLine1Txt>
            <CityNm>Miami</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33131</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>N/A</Description1Txt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>376899</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>186677</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>563576</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>563576</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>8454</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>555122</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>27756</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>27756</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>0</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>0</TotalTaxAmt>
        <DistributableBeforeAdjAmt>27756</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>27756</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>27756</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>491305</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>491305</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>491305</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>27756</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2015</PriorYear1Yr>
        <PriorYear2Yr>2014</PriorYear2Yr>
        <PriorYear3Yr>2013</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>0</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>93747</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>168438</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>284163</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>429150</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>975498</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>491305</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>27756</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>463549</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>1439047</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>1439047</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>93747</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>168438</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>284163</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>429150</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>463549</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>ERIK SCHMOLLINGER</ContributingManagerNm>
        <ShareholderManagerNm>NA</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE ATTACHMENT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>SEE ATTACHMENT</AddressLine1Txt>
            <CountryCd>RW</CountryCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE: INDIVIDUAL</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Grant will be used to provide scholarships and support for related educational expenses to 1173 children in over 30 schools within the Musanze District of Rwanda enabling them to continue their secondary education.</GrantOrContributionPurposeTxt>
          <Amt>359716</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>359716</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>24425</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>1782</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>26207</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>26207</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>19508</Amt>
        <NetInvestmentIncomeAmt>1951</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <StateLocalSecBookVlEOYAmt>1</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>1</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreasesDetail>
        <Desc>BOOK/TAX DIFFERENCE ON SECURITIES SALE</Desc>
        <Amt>12330</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>OTHER ADMINISTRATIVE COSTS</Desc>
        <RevenueAndExpensesPerBooksAmt>131590</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>131589</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EXCHANGE GAIN</Desc>
        <RevenueAndExpensesPerBooksAmt>-3157</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherReceivablesOfficersSch documentId="OthRecblOfficersSch">
      <OfficerOtherRcvblGrp>
        <BorrowerPersonNm>ERIK SCHMOLLINGER</BorrowerPersonNm>
        <LoanOriginalAmt>0</LoanOriginalAmt>
        <BalanceDueAmt>0</BalanceDueAmt>
        <NoteDt>2016-05</NoteDt>
        <RepaymentTermsTxt>ON DEMAND</RepaymentTermsTxt>
        <LoanPurposeTxt>DEPOSIT IN TRANSIT</LoanPurposeTxt>
      </OfficerOtherRcvblGrp>
    </OtherReceivablesOfficersSch>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>TAXES</CategoryTxt>
        <Amt>97</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>