﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2016v3.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-11-14T20:10:10-08:00</ReturnTs>
    <TaxPeriodEndDt>2016-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <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>2016-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>330721979</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>EDDY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>EDDY</BusinessNameControlTxt>
      <PhoneNum>5189624762</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>2017-11-14</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>JAY DINOWITZ</PreparerPersonNm>
      <PTIN>P00905735</PTIN>
      <PhoneNum>2129730935</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2016</TaxYr>
    <BuildTS>2017-02-10 21:41:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="16000303" softwareVersionNum="2016v3.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3776971</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>2000</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>9802</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>9802</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>9802</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>12556</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>12556</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>12556</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-31329</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>115487</GrossSalesPriceAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">7860</OtherIncomeRevAndExpnssAmt>
        <TotalRevAndExpnssAmt>889</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>22358</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>22358</TotalAdjNetIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule">4901</LegalFeesRevAndExpnssAmt>
        <LegalFeesDsbrsChrtblAmt>4901</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">3595</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1600</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>1995</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">27312</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>724</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>26588</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="DepreciationSchedule">33323</DeprecAndDpltnRevAndExpnssAmt>
        <TravConfMeetingRevAndExpnssAmt>10948</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>10948</TravConfMeetingDsbrsChrtblAmt>
        <PrintingAndPubRevAndExpnssAmt>256</PrintingAndPubRevAndExpnssAmt>
        <PrintingAndPubDsbrsChrtblAmt>256</PrintingAndPubDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">19438</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>19438</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>99773</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>2324</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>64126</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>18650</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>18650</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>118423</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>2324</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>82776</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-117534</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>20034</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>22358</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>148928</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>233443</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>233443</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>1544</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>1544</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>1544</PrepaidExpensesEOYFMVAmt>
        <OtherInvestmentsBOYAmt>1173357</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">1119069</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>1119069</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>2986233</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>563318</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>2569776</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="LandEtcSchedule2">2422915</LandEOYAmt>
        <LandEOYFMVAmt>2422915</LandEOYFMVAmt>
        <TotalAssetsBOYAmt>3893605</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>3776971</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3776971</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="OtherLiabilitiesSchedule">900</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesEOYAmt>900</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>3893605</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>3776071</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>3893605</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>3776071</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>3893605</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>3776971</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>3893605</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-117534</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>3776071</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>3776071</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Maloney Property</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-09-23</AcquiredDt>
          <SoldDt>2016-12-23</SoldDt>
          <GrossSalesPriceAmt>115487</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>146816</CostOrOtherBasisAmt>
          <GainOrLossAmt>-31329</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-31329</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-31329</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>67985</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>1386622</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.04903</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>105882</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>1761409</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.06011</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>61987</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>492359</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.12590</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>106936</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>398223</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.26853</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>131020</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>2559112</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.05120</DistributionYr5Rt>
        <TotalDistributionRt>0.554769</TotalDistributionRt>
        <AverageDistributionRt>0.110954</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>1318859</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>146333</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>200</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>146533</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>82776</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>401</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>401</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>401</TaxBasedOnInvestmentIncomeAmt>
        <TaxDueAmt>401</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>5189624762</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>622 LAKESHORE ROAD</AddressLine1Txt>
          <CityNm>ESSEX</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>12936</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>C/O EDDY FDN 622 LAKE SHORE RD</AddressLine1Txt>
            <CityNm>ESSEX</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12936</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN DAVIS</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O EDDY FDN 622 LAKE SHORE RD</AddressLine1Txt>
            <CityNm>ESSEX</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12936</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHRIS MARON</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O EDDY FDN 622 LAKE SHORE RD</AddressLine1Txt>
            <CityNm>ESSEX</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12936</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JENNIFER ESSER</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O EDDY FDN 622 LAKE SHORE RD</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12936</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOAN MALOOF</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O EDDY FDN 622 LAKE SHORE RD</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12936</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>191186</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>1147757</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1338943</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1338943</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>20084</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1318859</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>65943</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>65943</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>401</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>401</TotalTaxAmt>
        <DistributableBeforeAdjAmt>65542</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>65542</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>65542</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>82776</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>82776</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>82776</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>65542</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>3529</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>87137</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>37453</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>18190</ExcessDistributionCyovYr2Amt>
        <TotalExcessDistributionCyovAmt>146309</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>82776</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>65542</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>17234</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>163543</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>3529</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>160014</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>87137</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>37453</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>18190</ExcessFromYear2Amt>
        <ExcessFromCurrentYearAmt>17234</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>1000</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>750</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WILDLANDS NETWORK</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1829 10th Ave W Suite B</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98119</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTAL</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Adirondack North Country Associatio</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>67 Main Street Suite 201</AddressLine1Txt>
            <CityNm>Saranac Lake</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12983</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTAL</GrantOrContributionPurposeTxt>
          <Amt>340</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WILDFARM ALLIANCE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>406 MAIN ST SUITE 316</AddressLine1Txt>
            <CityNm>WATSONVILLE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95076</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENT</GrantOrContributionPurposeTxt>
          <Amt>1660</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BRI</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>276 CANCO ROAD</AddressLine1Txt>
            <CityNm>PORTLAND</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04103</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENT</GrantOrContributionPurposeTxt>
          <Amt>100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Fallbrrok Trails Council</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 2974</AddressLine1Txt>
            <CityNm>Fallbrook</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92088</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Environment</GrantOrContributionPurposeTxt>
          <Amt>250</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>12000</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>50</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>18650</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>9802</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>12556</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>7860</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>-31329</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>-1111</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>-1111</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <AccountingFeesDetail>
        <CategoryTxt>Accounting</CategoryTxt>
        <Amt>1600</Amt>
        <NetInvestmentIncomeAmt>1600</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>Bookkeeping</CategoryTxt>
        <Amt>1995</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1995</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <DepreciationPropertyGrp>
        <PropertyDesc>BLACK KETTLE FARM</PropertyDesc>
        <AcquiredDt>2000-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>341555</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>150726</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>110678</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>32855</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>40436</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>42867</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>7193</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>10080</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>21342</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>8845</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>8858</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>4508</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>4412</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>6423</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>331</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>10916</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>927</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>104</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>94</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>7246</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>7993</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>484</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>22332</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0256</Rt>
        <CurrentYearExpenseAmt>1212</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="16000303" softwareVersionNum="2016v3.0">
      <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>154680</BookValueAmt>
        <EOYFMVAmt>154680</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>13950</BookValueAmt>
        <EOYFMVAmt>13950</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CHAMPLAIN AREA TRAILS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
      </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>104047</BookValueAmt>
        <EOYFMVAmt>104047</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CVSC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>209094</BookValueAmt>
        <EOYFMVAmt>209094</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>D. KLEPETAR</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>112243</BookValueAmt>
        <EOYFMVAmt>112243</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Ctre for Cons. &amp; Edu.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>10000</BookValueAmt>
        <EOYFMVAmt>10000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GOLD COAST MEAD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>25000</BookValueAmt>
        <EOYFMVAmt>25000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Montado Farms Class C Preferred</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>25000</BookValueAmt>
        <EOYFMVAmt>25000</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="16000303" softwareVersionNum="2016v3.0">
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>30345</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>30345</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Buildings</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>663206</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>289471</AccumulatedDepreciationAmt>
        <BookValueAmt>373735</BookValueAmt>
        <EOYFMVAmt>373735</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Improvements</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>636426</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>243502</AccumulatedDepreciationAmt>
        <BookValueAmt>392924</BookValueAmt>
        <EOYFMVAmt>392924</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1656256</CostOrOtherBasisAmt>
        <BookValueAmt>1656256</BookValueAmt>
        <EOYFMVAmt>1656256</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>4901</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4901</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <OtherExpensesScheduleGrp>
        <Desc>Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>213</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>213</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>6642</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>6642</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>223</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>223</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE AND DELIVERY</Desc>
        <RevenueAndExpensesPerBooksAmt>191</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>191</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIR AND MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>8461</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>8461</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Research</Desc>
        <RevenueAndExpensesPerBooksAmt>1020</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1020</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELECOMMUNICATION</Desc>
        <RevenueAndExpensesPerBooksAmt>2372</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2372</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Utilities</Desc>
        <RevenueAndExpensesPerBooksAmt>316</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>316</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="16000303" softwareVersionNum="2016v3.0">
      <OtherIncomeDetail>
        <Desc>Rental Income - Noninvestment Property</Desc>
        <RevenueAndExpensesPerBooksAmt>7860</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <OtherLiabilitiesDetail>
        <Desc>Security deposit</Desc>
        <EOYBookValueAmt>900</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <TaxesDetail>
        <CategoryTxt>PROPERTY TAXES</CategoryTxt>
        <Amt>26588</Amt>
        <DisbursementsCharitablePrpsAmt>26588</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>TAXES AND STATE FEES</CategoryTxt>
        <Amt>724</Amt>
        <NetInvestmentIncomeAmt>724</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>