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        <CityNm>New York</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10019</ZIPCd>
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    <Filer>
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        <BusinessNameLine2Txt>Foundation Inc</BusinessNameLine2Txt>
      </BusinessName>
      <InCareOfNm>% SPIELMAN KOENIGSBERG &amp; PARKE</InCareOfNm>
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      <PhoneNum>2124532500</PhoneNum>
      <USAddress>
        <AddressLine1Txt>25 Aspinwall Road</AddressLine1Txt>
        <CityNm>Briarcliff Manor</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10510</ZIPCd>
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      <PhoneNum>2124532500</PhoneNum>
      <SignatureDt>2017-07-21</SignatureDt>
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    <PreparerPersonGrp>
      <PreparerPersonNm>RICHARD KOENIGSBERG CPA</PreparerPersonNm>
      <PTIN>P00300383</PTIN>
      <PhoneNum>2124532500</PhoneNum>
      <PreparationDt>2017-07-21</PreparationDt>
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    <TaxYr>2016</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
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        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
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      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MS #086186 744 - ST COVERED</PropertyDesc>
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          <CostOrOtherBasisAmt>48581</CostOrOtherBasisAmt>
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          <GainsMinusExcessOrLossesAmt>-2386</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>143 SHS SPDR GOLD TR</PropertyDesc>
          <AcquiredDt>2016-06-09</AcquiredDt>
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        <CapGainsLossTxInvstIncmGrp>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE ATTACHED - MS #086186 744 - LT NON-COVERED</PropertyDesc>
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        <TotalPaymentsAndCreditsAmt>4200</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>40</EsPenaltyAmt>
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      <StatementsRegardingActyGrp>
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        <MoreThan100SpentInd>false</MoreThan100SpentInd>
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        <OwnControlledEntityInd>false</OwnControlledEntityInd>
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        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>SPIELMAN KOENIGSBERG &amp; PARKER</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2124532500</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1745 BROADWAY 18TH FL</AddressLine1Txt>
          <CityNm>NEW YORK</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10019</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
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        <InfluenceLegislationInd>false</InfluenceLegislationInd>
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          <USAddress>
            <AddressLine1Txt>25 ASPINWALL ROAD</AddressLine1Txt>
            <CityNm>BRIARCLIFF MANOR</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10510</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
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          <PersonNm>RICHARD PINE</PersonNm>
          <USAddress>
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            <CityNm>BRIARCLIFF MANOR</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10510</ZIPCd>
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          <TitleTxt>VICE PRESIDENT</TitleTxt>
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            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10510</ZIPCd>
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          <FormAndInfoAndMaterialsTxt>FORM SHOULD BE WRITTEN</FormAndInfoAndMaterialsTxt>
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          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
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        <ApplicationSubmissionInfoGrp>
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            <CityNm>Briarcliff Manor</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10510</ZIPCd>
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          <FormAndInfoAndMaterialsTxt>FORM SHOULD BE WRITTEN</FormAndInfoAndMaterialsTxt>
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          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE ATTACHED STATEMENT</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>1745 Broadway</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>See Attached Statement</GrantOrContributionPurposeTxt>
          <Amt>36750</Amt>
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        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
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        <GrossProfitLossSlsOfInvntryGrp />
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        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
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        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEE</CategoryTxt>
        <Amt>1788</Amt>
        <NetInvestmentIncomeAmt>1609</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>179</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED</StockNm>
        <EOYBookValueAmt>573093</EOYBookValueAmt>
        <EOYFMVAmt>573093</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="LegalFeesSch">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>124</LegalFeesAmt>
        <NetInvestmentIncomeAmt>111</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>12</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssetsScheduleGrp>
        <Desc>UNSETTLED PURCHASES</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>1472</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>5409</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5409</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
  </ReturnData>
</Return>