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          <CostOrOtherBasisAmt>22441</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6614</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6614</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VICTORY FLOATING RATE FUND CL Y CUSIP 92647K549</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-01-31</AcquiredDt>
          <SoldDt>2016-11-15</SoldDt>
          <GrossSalesPriceAmt>2174</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2253</CostOrOtherBasisAmt>
          <GainOrLossAmt>-79</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-79</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TEMPLETON GLBL BOND FD CUSIP XXX-XX-XXXX</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-12-19</AcquiredDt>
          <SoldDt>2016-02-23</SoldDt>
          <GrossSalesPriceAmt>1105</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1304</CostOrOtherBasisAmt>
          <GainOrLossAmt>-199</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-199</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CALAMOS STRAT TOT RETURN CUSIP XXX-XX-XXXX</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-08-29</AcquiredDt>
          <SoldDt>2016-02-18</SoldDt>
          <GrossSalesPriceAmt>43339</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>38624</CostOrOtherBasisAmt>
          <GainOrLossAmt>4715</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4715</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WISDOMTREE EMERGING MARKETS HIGH DIVIDEND FUND CUSIP 97717W315</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-12-29</AcquiredDt>
          <SoldDt>2016-01-08</SoldDt>
          <GrossSalesPriceAmt>16733</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>30116</CostOrOtherBasisAmt>
          <GainOrLossAmt>-13383</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-13383</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RS FLOATING RATE FUND CUSIP 74972H283</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-01-06</AcquiredDt>
          <SoldDt>2016-01-08</SoldDt>
          <GrossSalesPriceAmt>34995</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>39989</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4994</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4994</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VICTORY FLOATING RATE FUND CL Y CUSIP 92647K549</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-01-06</AcquiredDt>
          <SoldDt>2016-11-15</SoldDt>
          <GrossSalesPriceAmt>26744</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>28629</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1885</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1885</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TEMPLETON GLBL BOND FD CUSIP XXX-XX-XXXX</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-01-24</AcquiredDt>
          <SoldDt>2016-01-08</SoldDt>
          <GrossSalesPriceAmt>46897</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>49837</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2940</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2940</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>OCH ZIFF CAPTL MANGMT GR CLASS A COMMON STOCK CUSIP 67551U105</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-05-20</AcquiredDt>
          <SoldDt>2016-11-15</SoldDt>
          <GrossSalesPriceAmt>11434</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>31437</CostOrOtherBasisAmt>
          <GainOrLossAmt>-20003</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-20003</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PLAINS ALL AMERN PIPL LP CUSIP XXX-XX-XXXX</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-10-20</AcquiredDt>
          <SoldDt>2016-03-21</SoldDt>
          <GrossSalesPriceAmt>15607</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>21007</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5400</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5400</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TALEN ENERGY CORP SHS CUSIP 87422J105</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-06-05</AcquiredDt>
          <SoldDt>2016-12-06</SoldDt>
          <GrossSalesPriceAmt>602</GrossSalesPriceAmt>
          <GainOrLossAmt>602</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>602</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAINS DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>8584</GrossSalesPriceAmt>
          <GainOrLossAmt>8584</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8584</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-19164</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>78622</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>1510035</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.052066</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>56650</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>1428685</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.039652</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>56108</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>1377192</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.040741</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>58006</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>1291101</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.044928</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>70538</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>1343252</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.052513</DistributionYr5Rt>
        <TotalDistributionRt>0.229900</TotalDistributionRt>
        <AverageDistributionRt>0.045980</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>1257539</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>57822</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>215</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>58037</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>55650</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>431</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>431</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>431</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>652</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>652</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>221</OverpaymentAmt>
        <AppliedToESTaxAmt>221</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>1</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>1</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>PA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>TRUSTEES</IndividualWithBooksNm>
        <PhoneNum>8563822250</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>15 W FRONT STREET</AddressLine1Txt>
          <CityNm>MEDIA</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>19063</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>1</UndistributedIncomePYInd>
        <UndistributedIncomePY1Yr>2015</UndistributedIncomePY1Yr>
        <UndistrIncmSect4942a2NotAppInd>1</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>1</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>0</TransactionsFailToQlfyAsExcInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>REVEREND NERSES MANOOGIAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>15 W FRONT STREET PO BOX 547</AddressLine1Txt>
            <CityNm>MEDIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>190630547</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>4000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>K KIRK KARAGELIAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>15 W FRONT STREET PO BOX 547</AddressLine1Txt>
            <CityNm>MEDIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>190630547</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>8000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>MAKING OF EDUCATIONAL SCHOLARSHIPS TO WORTHY STUDENTS THROUGH-OUT THE UNITED STATES. DURING 2016, SCHOLARSHIPS WERE AWARDED TO 6 STUDENTS ATTENDING 6 DIFFERENT SCHOOLS.</Description1Txt>
        <Expenses1Amt>44000</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1174114</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>102575</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1276689</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1276689</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>19150</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1257539</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>62877</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>62877</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>431</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>431</TotalTaxAmt>
        <DistributableBeforeAdjAmt>62446</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>62446</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>62446</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>55650</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>55650</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>55650</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>62446</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>65761</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>55650</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>55650</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>0</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>10111</Taxable2Amt>
        <UndistributedIncomeCYAmt>62446</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>KIRK KARAGELIAN CO-TRUSTEE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 547</AddressLine1Txt>
            <CityNm>MEDIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19063</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>6108929800</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>APPLICATION CHECKLIST 1. RECENT PHOTO (OPTIONAL). 2. HIGH SCHOOL TRANSCRIPT; OR 3. IF CURRENTLY ENROLLED IN COLLEGE, COLLEGE TRANSCRIPT. 4. TWO (2) LETTERS OF PROOF OF ARMENIAN HERITAGE (EX: LETTER FROM A PRIEST OR OTHER ARMENIAN COMMUNITY LEADER). 5. TWO (2) LETTERS OF RECOMMENDATION FROM TEACHERS, GUIDANCE COUNSELORS, ETC. (INCLUDE ADDRESS, PHONE NUMBERS AND RELATIONSHIP TO APPLICANT). 6. IF YOU HAVE PREVIOUSLY APPLIED FOR ANY OTHER FINANCIAL AID, PLEASE PROVIDE COPIES OF ALL APPLICATION FORMS. 7. COPY OF TAX RETURNS (1040) FOR PREVIOUS 3 YEARS FOR APPLICANT AND PARENTS, OR IF MARRIED, INCLUDE 1040 OF SPOUSE AS WELL. 8. RESPONSE TO ESSAY. IF YOU HAVE APPLIED FOR THIS SCHOLARSHIP BEFORE, PLEASE SELECT AN ESSAY THAT YOU HAVE NOT RESPONDED TO PREVIOUSLY. 9. SIGNED AUTHORIZATION WHICH ALLOWS US TO CONTACT THE SCHOOL ON YOUR BEHALF (INCLUDED IN THIS PACKET). 10. IF YOU ARE CURRENTLY ENROLLED IN COLLEGE, PLEASE ATTACH YOUR INVOICE FROM THAT SCHOOL.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>EVERY JUNE AND DECEMBER (PRIOR TO COLLEGE SEMESTER)</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>AWARD MUST BE USED FOR TUITION.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HAGOP SEMERJIAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>104 WHEELER AVENUE</AddressLine1Txt>
            <CityNm>WESTWOOD</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07675</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JORDAN HEATON</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>463 NORTH SWEETGUM LANE</AddressLine1Txt>
            <CityNm>LAFAYETTE HILL</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19444</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MELANIE K SOOKIASIAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1014 PLUMLY ROAD</AddressLine1Txt>
            <CityNm>WEST CHESTER</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19382</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>NANCY KEYTANJIAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>624 MOURNING DOVE ROAD</AddressLine1Txt>
            <CityNm>AUDOBON</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19403</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ROZA MELKUMYAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1015 GREENHILL ROAD</AddressLine1Txt>
            <CityNm>WEST CHESTER</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19380</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SARA N KEYTANJIAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>624 MOURNING DOVE ROAD</AddressLine1Txt>
            <CityNm>AUDOBON</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19403</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
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        <TotalGrantOrContriPdDurYrAmt>44000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
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      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1817</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
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        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-19164</ExclusionAmt>
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        <OtherRevenueDescribedGrp>
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          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>176</UnrelatedBusinessTaxblIncmAmt>
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          <ExclusionAmt>2</ExclusionAmt>
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        <OtherRevenueDescribedGrp>
          <Desc>ENTERPRISE PRODUCTS PARTNERS LP</Desc>
          <BusinessCd>900099</BusinessCd>
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          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>9</ExclusionAmt>
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        <OtherRevenueDescribedGrp>
          <Desc>PLAIN ALL AMERICAN PIPELINE</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-818</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2</ExclusionAmt>
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        <OtherRevenueDescribedGrp>
          <Desc>GLOBAL PARTNERS</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-3984</UnrelatedBusinessTaxblIncmAmt>
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        <OtherRevenueDescribedGrp>
          <Desc>OCH-ZIFF</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-406</UnrelatedBusinessTaxblIncmAmt>
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        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>-5208</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>23355</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>18147</TotalIncomeProducingActyAmt>
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      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
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        <Amt>2650</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2650</DisbursementsCharitablePrpsAmt>
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        <EOYFMVAmt>26575</EOYFMVAmt>
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    </InvestmentsCorpBondsSchedule>
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      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO COMPANY</StockNm>
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        <EOYFMVAmt>12381</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>ALTRIA GROUP INC</StockNm>
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        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CENTURYLINK INC SHS</StockNm>
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        <EOYFMVAmt>29329</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CVS HEALTH CORP</StockNm>
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        <EOYFMVAmt>25382</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>EXXON MOBIL CORP</StockNm>
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        <EOYFMVAmt>21194</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>GAMESTOP CORP NEW CLA</StockNm>
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        <EOYFMVAmt>37721</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MOTORS CO</StockNm>
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        <EOYFMVAmt>29125</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
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        <EOYFMVAmt>16609</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>JOHNSON &amp; JOHNSON</StockNm>
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        <EOYFMVAmt>0</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>NRG YIELD INC SHS CLC</StockNm>
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        <EOYFMVAmt>403</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>OCCIDENTAL PETE CORP CAL</StockNm>
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        <EOYFMVAmt>20416</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>OCH-ZIFF CAPTL MANAGEMENT</StockNm>
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        <EOYFMVAmt>0</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>PLAINS ALL AMERN PIPL LP</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>PPL CORPORATION</StockNm>
        <EOYBookValueAmt>18423</EOYBookValueAmt>
        <EOYFMVAmt>18423</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>PROCTOR &amp; GAMBLE CO</StockNm>
        <EOYBookValueAmt>165</EOYBookValueAmt>
        <EOYFMVAmt>165</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>QUALCOMM INC</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SHIRE PLC-ADR</StockNm>
        <EOYBookValueAmt>16539</EOYBookValueAmt>
        <EOYFMVAmt>16539</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TERRAFORM PWR INC SHS</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VENTAS INC</StockNm>
        <EOYBookValueAmt>29617</EOYBookValueAmt>
        <EOYFMVAmt>29617</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VERIZON COMMUNICATIONS</StockNm>
        <EOYBookValueAmt>29135</EOYBookValueAmt>
        <EOYFMVAmt>29135</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TALEN ENERGY CORP SHS</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VODAFONE GROUP PLC</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ALLIANZGI NFJ DIVIDEND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>0</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMERICAN BEACON SIM HIGH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>50411</BookValueAmt>
        <EOYFMVAmt>50411</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BLACKROCK CREDIT ALLCT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>46200</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CALAMOS STRAT TOT RETURN</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>0</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CBRE CLARION GLOBAL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>56566</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>EATON VANCE NATL MUNICPL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>41164</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>EATON VANCE FLOATING</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>46559</BookValueAmt>
        <EOYFMVAmt>46559</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FIDUCIARY/CLAY MLP OPP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>51970</BookValueAmt>
        <EOYFMVAmt>51970</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FIRST EAGLE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>103858</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FIRST EAGLE GOLD FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>43988</BookValueAmt>
        <EOYFMVAmt>43988</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FPA CRESCENT FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>105202</BookValueAmt>
        <EOYFMVAmt>105202</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES S&amp;P GLOBAL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>26758</BookValueAmt>
        <EOYFMVAmt>26758</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES TIPS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>36280</BookValueAmt>
        <EOYFMVAmt>36280</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES JP MORGAN EM BON</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>49800</BookValueAmt>
        <EOYFMVAmt>49800</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>POWERSHARES GLOBAL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>43639</BookValueAmt>
        <EOYFMVAmt>43639</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RS FLOATING RATE FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>0</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TEMPLETON GLBL BOND FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>0</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD DIVIDEND</CategoryOrItemTxt>
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        <BookValueAmt>120330</BookValueAmt>
        <EOYFMVAmt>120330</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WESTERN ASSET HIGH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>0</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WISDOMTREE EMERGING</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>0</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
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      <OtherExpensesScheduleGrp>
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        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
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        <RevenueAndExpensesPerBooksAmt>104</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
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        <AdjustedNetIncomeAmt>178</AdjustedNetIncomeAmt>
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      <OtherIncomeDetail>
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        <NetInvestmentIncomeAmt>9</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-167</AdjustedNetIncomeAmt>
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      <OtherIncomeDetail>
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        <AdjustedNetIncomeAmt>-816</AdjustedNetIncomeAmt>
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      <OtherIncomeDetail>
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      <OtherIncomeDetail>
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