﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2017v2.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2018-11-13T20:13:28-08:00</ReturnTs>
    <TaxPeriodEndDt>2017-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>020632187</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Dinowitz &amp; Bove CPAs</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>150 Broadway Ste 1010</AddressLine1Txt>
        <CityNm>New York</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10038</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2017-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>330721979</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>EDDY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>EDDY</BusinessNameControlTxt>
      <PhoneNum>7602852577</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 42</AddressLine1Txt>
        <CityNm>ESSEX</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>12936</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JAMES PHILIPS</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2018-11-13</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>JAY DINOWITZ</PreparerPersonNm>
      <PTIN>P00905735</PTIN>
      <PhoneNum>2129730935</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2017</TaxYr>
    <BuildTS>2019-02-21 02:37:17Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="11">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="17005038" softwareVersionNum="2017v2.2">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3703645</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>12275</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>29113</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>29113</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>29113</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>1375</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>1375</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>1375</DividendsAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">1750</OtherIncomeRevAndExpnssAmt>
        <TotalRevAndExpnssAmt>44513</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>30488</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>30488</TotalAdjNetIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule">8780</LegalFeesRevAndExpnssAmt>
        <LegalFeesDsbrsChrtblAmt>8780</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">4684</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1600</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>3084</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">3457</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesDsbrsChrtblAmt>3457</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">23841</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>661</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>23180</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="DepreciationSchedule">34321</DeprecAndDpltnRevAndExpnssAmt>
        <TravConfMeetingRevAndExpnssAmt>8844</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>8844</TravConfMeetingDsbrsChrtblAmt>
        <PrintingAndPubRevAndExpnssAmt>5249</PrintingAndPubRevAndExpnssAmt>
        <PrintingAndPubDsbrsChrtblAmt>5249</PrintingAndPubDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">18568</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>18568</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>107744</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>2261</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>71162</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>9195</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>9195</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>116939</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>2261</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>80357</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-72426</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>28227</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>30488</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>233443</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>226123</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>226123</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>1544</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>1544</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>1544</PrepaidExpensesEOYFMVAmt>
        <OtherInvestmentsBOYAmt>1119069</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">768409</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>768409</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>3305208</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>597639</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>2422915</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="LandEtcSchedule2">2707569</LandEOYAmt>
        <LandEOYFMVAmt>2707569</LandEOYFMVAmt>
        <TotalAssetsBOYAmt>3776971</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>3703645</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3703645</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="OtherLiabilitiesSchedule">900</OtherLiabilitiesBOYAmt>
        <TotalLiabilitiesBOYAmt>900</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>3776071</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>3703645</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>3776071</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>3703645</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>3776971</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>3703645</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>3776071</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-72426</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>3703645</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>3703645</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>82776</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>1318859</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.06276</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>67985</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>1386622</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.04903</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>105882</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>1761409</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.06011</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>61987</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>492359</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.12590</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>106936</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>398223</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.26853</DistributionYr5Rt>
        <TotalDistributionRt>0.566335</TotalDistributionRt>
        <AverageDistributionRt>0.113267</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>1205169</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>136506</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>282</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>136788</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>80357</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>565</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>565</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>565</TaxBasedOnInvestmentIncomeAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>13</EsPenaltyAmt>
        <TaxDueAmt>578</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>false</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>NY</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>James Phillips</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>7602852577</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>c/o Champlain Area 6482 Main St</AddressLine1Txt>
          <CityNm>Westport</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>12993</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JAMES PHILIPS</PersonNm>
          <USAddress>
            <AddressLine1Txt>2102 Santa Margarita Drive</AddressLine1Txt>
            <CityNm>Fallbrook</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92028</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN DAVIS</PersonNm>
          <USAddress>
            <AddressLine1Txt>2102 Santa Margarita Drive</AddressLine1Txt>
            <CityNm>Fallbrook</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92028</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHRIS MARON</PersonNm>
          <USAddress>
            <AddressLine1Txt>2102 Santa Margarita Drive</AddressLine1Txt>
            <CityNm>Fallbrook</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92028</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JENNIFER ESSER</PersonNm>
          <USAddress>
            <AddressLine1Txt>2102 Santa Margarita Drive</AddressLine1Txt>
            <CityNm>Fallbrook</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92028</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOAN MALOOF</PersonNm>
          <USAddress>
            <AddressLine1Txt>2102 Santa Margarita Drive</AddressLine1Txt>
            <CityNm>Fallbrook</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92028</ZIPCd>
          </USAddress>
          <TitleTxt>BOARD MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>229783</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>993739</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1223522</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1223522</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>18353</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1205169</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>60258</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>60258</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>565</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>565</TotalTaxAmt>
        <DistributableBeforeAdjAmt>59693</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>59693</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>59693</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>80357</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>80357</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>80357</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>59693</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>87137</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>37453</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>18190</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr1Amt>17234</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>160014</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>80357</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>59693</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>20664</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>180678</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>87137</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>93541</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>37453</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>18190</ExcessFromYear3Amt>
        <ExcessFromYear1Amt>17234</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>20664</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>JAMES PHILLIPS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 42</AddressLine1Txt>
            <CityNm>ESSEX</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12936</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5189622795</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>ALL APPLICATIONS SHOULD BE SUBMITTED IN WRITING AND SHOULD INCLUDE ANY PERTINENT DETAILS ABOUT THE CHARITABLE ORGANIZATION AND ITS CHARITABLE ACTIVITIES.</FormAndInfoAndMaterialsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHAMPLAIN AREA TRAILS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>6482 MAIN STREET</AddressLine1Txt>
            <CityNm>WESTPORT</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12993</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENT</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>OLD GROWTH FOREST NETWORK</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 21</AddressLine1Txt>
            <CityNm>EASTON</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTAL</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Saginaw Basin Land Conservancy</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>809 E Midland St</AddressLine1Txt>
            <CityNm>BAY CITY</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48706</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTAL</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Northeast Wilderness TrusT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>17 State Street Suite 302</AddressLine1Txt>
            <CityNm>Montpelier</CityNm>
            <StateAbbreviationCd>VT</StateAbbreviationCd>
            <ZIPCd>05602</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTAL</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Occidental Arts Ecology Center</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>15290 Coleman Valley Rd</AddressLine1Txt>
            <CityNm>Occidental</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95465</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTAL</GrantOrContributionPurposeTxt>
          <Amt>135</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KISS THE Ground</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>4312 W Jefferson Blvd</AddressLine1Txt>
            <CityNm>Los Angeles</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90016</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Environmental</GrantOrContributionPurposeTxt>
          <Amt>560</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>9195</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>29113</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1375</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>1750</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>32238</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>32238</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>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="17005038" softwareVersionNum="2017v2.2">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>JAMES PHILLIPS</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>2102 Santa Margarita Drive</AddressLine1Txt>
          <CityNm>Fallbrook</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>92028</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>9975</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>Automobile</NoncashPropertyDesc>
        <FairMarketValueAmt>9975</FairMarketValueAmt>
        <ReceivedDt>2017-02-13</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="17005038" softwareVersionNum="2017v2.2">
      <AccountingFeesDetail>
        <CategoryTxt>Accounting</CategoryTxt>
        <Amt>1600</Amt>
        <NetInvestmentIncomeAmt>1600</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>Bookkeeping</CategoryTxt>
        <Amt>3084</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3084</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSchedule" softwareId="17005038" softwareVersionNum="2017v2.2">
      <DepreciationPropertyGrp>
        <PropertyDesc>BLACK KETTLE FARM</PropertyDesc>
        <AcquiredDt>2000-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>341555</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>159483</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>8757</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLACK KETTLE FARM - IMPRV</PropertyDesc>
        <AcquiredDt>2001-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>241030</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>116858</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>6180</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CACACCI - REAL PROPERTY</PropertyDesc>
        <AcquiredDt>2001-03-19</AcquiredDt>
        <CostOrOtherBasisAmt>86616</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>35076</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>2221</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>WALKER ROAD - PROPERTY</PropertyDesc>
        <AcquiredDt>2001-01-25</AcquiredDt>
        <CostOrOtherBasisAmt>105419</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>43139</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>2703</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLACK KETTLE FARM - IMPRV</PropertyDesc>
        <AcquiredDt>2002-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>124234</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>46052</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>3185</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>MARVIN PROPERTY</PropertyDesc>
        <AcquiredDt>2002-11-30</AcquiredDt>
        <CostOrOtherBasisAmt>21373</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7741</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>548</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>RAYMOND PROPERTY</PropertyDesc>
        <AcquiredDt>2002-11-25</AcquiredDt>
        <CostOrOtherBasisAmt>29966</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>10848</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>768</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLACK KETTLE FARM -IMPROV</PropertyDesc>
        <AcquiredDt>2003-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>66805</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>23055</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>1713</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - O'NEAL</PropertyDesc>
        <AcquiredDt>2004-11-05</AcquiredDt>
        <CostOrOtherBasisAmt>31000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>9640</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>795</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - BKF IMPROV</PropertyDesc>
        <AcquiredDt>2004-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>30135</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>9631</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>773</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - BKF IMPROV</PropertyDesc>
        <AcquiredDt>2005-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>16805</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4939</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>431</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - WINSOME FALLS</PropertyDesc>
        <AcquiredDt>2004-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>15000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4797</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>385</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - PALMATEER</PropertyDesc>
        <AcquiredDt>2006-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>26493</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7102</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>679</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - O'NEAL</PropertyDesc>
        <AcquiredDt>2006-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>1364</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>366</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>35</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - BEAVER FALLS</PropertyDesc>
        <AcquiredDt>2006-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>45000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>12070</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>1154</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - BOQUET</PropertyDesc>
        <AcquiredDt>2006-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>3841</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1025</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>98</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - FRIGORIO</PropertyDesc>
        <AcquiredDt>2006-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>416</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>115</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>11</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - RAYMOND</PropertyDesc>
        <AcquiredDt>2006-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>375</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>104</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>10</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - WINSOME FALLS</PropertyDesc>
        <AcquiredDt>2006-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>29869</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>8012</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>766</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - BKF IMPROV</PropertyDesc>
        <AcquiredDt>2006-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>32938</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>8838</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>845</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY - WALKER ROAD</PropertyDesc>
        <AcquiredDt>2006-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>2121</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>538</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>54</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PROPERTY -BOQUET FARM</PropertyDesc>
        <AcquiredDt>2002-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>47277</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>23544</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>1212</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>AUTO 2008 Prius</PropertyDesc>
        <AcquiredDt>2017-02-13</AcquiredDt>
        <CostOrOtherBasisAmt>9975</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.1000</Rt>
        <CurrentYearExpenseAmt>998</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="17005038" softwareVersionNum="2017v2.2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>EQUAL EXCHANGE, INC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>27500</BookValueAmt>
        <EOYFMVAmt>27500</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMADON</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>160174</BookValueAmt>
        <EOYFMVAmt>160174</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WILDLIFE WORKS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>27000</BookValueAmt>
        <EOYFMVAmt>27000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ZORZAL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>223316</BookValueAmt>
        <EOYFMVAmt>223316</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LAKESIDE PRESCHOOL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>13350</BookValueAmt>
        <EOYFMVAmt>13350</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LAUREN MURPHY</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>53000</BookValueAmt>
        <EOYFMVAmt>53000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MOTION SYSTEMS, INC.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>134239</BookValueAmt>
        <EOYFMVAmt>134239</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>R STEINER FOUNDATION</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>104830</BookValueAmt>
        <EOYFMVAmt>104830</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GOLD COAST MEAD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>25000</BookValueAmt>
        <EOYFMVAmt>25000</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="17005038" softwareVersionNum="2017v2.2">
      <LandEtcGrp>
        <CategoryOrItemTxt>Auto./Transportation Equip.</CategoryOrItemTxt>
        <EOYFMVAmt>8977</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>40320</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>31343</AccumulatedDepreciationAmt>
        <BookValueAmt>8977</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Buildings</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>663206</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>306475</AccumulatedDepreciationAmt>
        <BookValueAmt>356731</BookValueAmt>
        <EOYFMVAmt>356731</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Improvements</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>636426</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>259821</AccumulatedDepreciationAmt>
        <BookValueAmt>376605</BookValueAmt>
        <EOYFMVAmt>376605</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1965256</CostOrOtherBasisAmt>
        <BookValueAmt>1965256</BookValueAmt>
        <EOYFMVAmt>1965256</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="17005038" softwareVersionNum="2017v2.2">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>8780</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8780</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="17005038" softwareVersionNum="2017v2.2">
      <OtherExpensesScheduleGrp>
        <Desc>Dues and Subscription</Desc>
        <RevenueAndExpensesPerBooksAmt>764</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>764</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>993</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>993</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>8544</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>8544</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>232</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>232</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE AND DELIVERY</Desc>
        <RevenueAndExpensesPerBooksAmt>224</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>224</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIR AND MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>4960</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4960</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SURVEY &amp; APPRAISALS</Desc>
        <RevenueAndExpensesPerBooksAmt>700</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>700</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELECOMMUNICATION</Desc>
        <RevenueAndExpensesPerBooksAmt>1370</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1370</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Utilities</Desc>
        <RevenueAndExpensesPerBooksAmt>781</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>781</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="17005038" softwareVersionNum="2017v2.2">
      <OtherIncomeDetail>
        <Desc>Rental Income - Noninvestment Property</Desc>
        <RevenueAndExpensesPerBooksAmt>1750</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="17005038" softwareVersionNum="2017v2.2">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Consultants</CategoryTxt>
        <Amt>3457</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3457</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="17005038" softwareVersionNum="2017v2.2">
      <TaxesDetail>
        <CategoryTxt>PROPERTY TAXES</CategoryTxt>
        <Amt>23180</Amt>
        <DisbursementsCharitablePrpsAmt>23180</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>TAXES AND STATE FEES</CategoryTxt>
        <Amt>661</Amt>
        <NetInvestmentIncomeAmt>661</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>