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        <Description1Txt>IN 2024, THE CRUZ-DIEZ FOUNDATION ("CDF") DEDICATED ITS EFFORTS TO PRESERVING AND PROMOTING THE LEGACY OF CARLOS CRUZ-DIEZ, WITH A FOCUS ON THE CARE, STUDY, AND STEWARDSHIP OF THE ARTIST'S EXTENSIVE BODY OF WORK UNDER THE CDF'S CARE. THE CDF CONTINUED ITS LONG-TERM INITIATIVES TO SAFEGUARD THE COLLECTION BY CONDUCTING A COMPREHENSIVE INVENTORY, CONDITION REPORT AND DOCUMENTATION REVIEW, ENSURING THE ACCURATE PRESERVATION OF ARTWORKS AND ARCHIVAL MATERIALS. THROUGHOUT THE YEAR, THE CDF ENGAGED WITH MUSEUMS, AND CULTURAL INSTITUTIONS AROUND THE WORLD TO ADVANCE PUBLIC KNOWLEDGE OF THE ARTIST'S LIFE, CONTRIBUTIONS, AND INNOVATIONS IN THE FIELD OF COLOR THEORY AND KINETIC ART.</Description1Txt>
        <Expenses1Amt>112811</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>235080</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>235080</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>235080</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>3526</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>231554</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>11578</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>378275</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>378275</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>2008-06-11</PrivateOperatingFndtnRulingDt>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <Year1Amt>11910</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>11910</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <Year1Amt>10124</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>10124</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>378275</CurrentYearAmt>
          <Year1Amt>367562</Year1Amt>
          <Year2Amt>424448</Year2Amt>
          <Year3Amt>717635</Year3Amt>
          <TotalAmt>1887920</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>1000</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>1000</TotalAmt>
        </QualifyingDistriNotUsedDrtGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>378275</CurrentYearAmt>
          <Year1Amt>367562</Year1Amt>
          <Year2Amt>423448</Year2Amt>
          <Year3Amt>717635</Year3Amt>
          <TotalAmt>1886920</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TotalAssetsGrp>
          <CurrentYearAmt>23307653</CurrentYearAmt>
          <Year1Amt>28054360</Year1Amt>
          <Year2Amt>28552691</Year2Amt>
          <Year3Amt>29286971</Year3Amt>
          <TotalAmt>109201675</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <CurrentYearAmt>22643632</CurrentYearAmt>
          <Year1Amt>27348017</Year1Amt>
          <Year2Amt>27961217</Year2Amt>
          <Year3Amt>27961217</Year3Amt>
          <TotalAmt>105914083</TotalAmt>
        </TotalAssetsSect4942j3BiGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <TotalAmt>0</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
        <TotalSupportGrp>
          <TotalAmt>0</TotalAmt>
        </TotalSupportGrp>
        <PublicSupportType>
          <TotalAmt>0</TotalAmt>
        </PublicSupportType>
        <LargestSupportFromEOGrp>
          <TotalAmt>0</TotalAmt>
        </LargestSupportFromEOGrp>
        <GrossInvestmentIncomeGrp>
          <TotalAmt>0</TotalAmt>
        </GrossInvestmentIncomeGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <TotalGrantOrContriPdDurYrAmt>0</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>25</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-271870</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>CERTIFICATES</Desc>
          <RelatedOrExemptFunctionIncmAmt>25955</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>ARTWORK</Desc>
          <RelatedOrExemptFunctionIncmAmt>64109</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PUBLICATIONS</Desc>
          <RelatedOrExemptFunctionIncmAmt>-1932</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>FOREIGN CURRENCY EXCHANGE LOSS</Desc>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-2076</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OTHER</Desc>
          <ExclusionCd>01</ExclusionCd>
          <ExclusionAmt>18873</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>-255048</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>88132</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>-166916</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>11A</LineNumberTxt>
          <RelationshipStatementTxt>IN ACCORDANCE WITH THE FOUNDATION'S PURPOSE OF PROMOTING THE WORK OF CARLOS CRUZ-DIEZ, THE FOUNDATION ISSUED CERTIFICATES CONFIRMING EXCLUSIVE AUTHORSHIP OF WORKS CREATED BY THE ARTIST.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>11B</LineNumberTxt>
          <RelationshipStatementTxt>IN ACCORDANCE WITH THE FOUNDATION'S PURPOSE OF PROMOTING THE WORK AND LIFE OF CARLOS CRUZ-DIEZ, THE FOUNDATION MADE AVAILABLE FOR SALE PROMOTIONAL PRODUCTS RELATED TO CARLOS CRUZ-DIEZ AND HIS WORKS.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>11C</LineNumberTxt>
          <RelationshipStatementTxt>IN ACCORDANCE WITH THE FOUNDATION'S PURPOSE OF PROMOTING THE WORK AND LIFE OF CARLOS CRUZ-DIEZ, THE FOUNDATION MADE AVAILABLE FOR SALE PUBLICATIONS RELATED TO CARLOS CRUZ-DIEZ AND HIS WORKS.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING AND TAX COMPLIANCE</CategoryTxt>
        <Amt>12301</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1845</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>10456</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>GENERAL AND ADMINISTRATIVE LEGAL COUNSEL</CategoryTxt>
        <LegalFeesAmt>118167</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>17725</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>100442</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>ARTWORK</Desc>
        <BOYBookValueAmt>27348017</BOYBookValueAmt>
        <EOYBookValueAmt>22643632</EOYBookValueAmt>
        <EOYFMVAmt>22643632</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED FOREIGN CURRENCY LOSS</Desc>
        <Amt>394</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>ARTWORK HISTORICAL COST BASIS ADJUSTMENT</Desc>
        <Amt>4091185</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>371</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>55</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>316</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EXHIBITIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>229</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>34</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>195</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>14227</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2134</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>12093</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE &amp; OTHER EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>22102</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3315</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>18787</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>RESEARCH COSTS</Desc>
        <RevenueAndExpensesPerBooksAmt>42253</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>6338</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>35915</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>CERTIFICATES</Desc>
        <RevenueAndExpensesPerBooksAmt>25955</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>25955</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ARTWORK</Desc>
        <RevenueAndExpensesPerBooksAmt>64109</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>64109</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PUBLICATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>-1932</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>-1932</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>FOREIGN CURRENCY EXCHANGE LOSS</Desc>
        <RevenueAndExpensesPerBooksAmt>-2076</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>-2076</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER</Desc>
        <RevenueAndExpensesPerBooksAmt>18873</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>18873</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ADMINISTRATION AND COLLECTION MANAGEMENT</CategoryTxt>
        <Amt>182982</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>27447</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>155535</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>SALES AND USE TAX</CategoryTxt>
        <Amt>43183</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>38200</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>