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  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-03-24T11:32:07-05:00</ReturnTs>
    <TaxPeriodEndDt>2016-11-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Berdon LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>360 Madison Ave</AddressLine1Txt>
        <CityNm>New York</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10017</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2015-12-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>201999992</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE HOWARD AND MARYAM NEWMAN</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>FAMILY FOUNDATION INC</BusinessNameLine2Txt>
      </BusinessName>
      <InCareOfNm>% MARYAM NEWMAN</InCareOfNm>
      <BusinessNameControlTxt>HOWA</BusinessNameControlTxt>
      <USAddress>
        <AddressLine1Txt>346 PINE BROOK ROAD</AddressLine1Txt>
        <CityNm>BEDFORD</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10506</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>MARYAM NEWMAN</PersonNm>
      <PersonTitleTxt>Treasurer</PersonTitleTxt>
      <SignatureDt>2017-03-01</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>JUDE COARD</PreparerPersonNm>
      <PTIN>P00197433</PTIN>
      <PhoneNum>2128320400</PhoneNum>
      <PreparationDt>2017-03-01</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2015</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
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  <ReturnData documentCnt="8">
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      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>11069221</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
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        <GrossSalesPriceAmt>1214730</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>1114986</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>1321490</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>1321490</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSch">12000</AccountingFeesRevAndExpnssAmt>
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        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>6000</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OthProfFeesSch">750</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesDsbrsChrtblAmt>750</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">26506</TaxesRevAndExpnssAmt>
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        <OtherExpensesDsbrsChrtblAmt>722</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>39978</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>1506</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>7472</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1174197</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>1174197</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>1214175</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>1506</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>1181669</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>107315</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>1319984</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>858269</CashBOYAmt>
        <CashEOYAmt>665434</CashEOYAmt>
        <CashEOYFMVAmt>665434</CashEOYFMVAmt>
        <CorporateStockBOYAmt>7204648</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">7504798</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>10403787</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>8062917</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>8170232</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>11069221</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <RetainedEarningBOYAmt>8062917</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>8170232</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>8062917</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>8170232</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>8062917</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>8170232</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>8062917</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>107315</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>8170232</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>8170232</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>50,000 SHS CREDIT SUISSE GROUP AG</PropertyDesc>
          <HowAcquiredCd>D</HowAcquiredCd>
          <SoldDt>2015-12-31</SoldDt>
          <GrossSalesPriceAmt>1106605</GrossSalesPriceAmt>
          <GainOrLossAmt>1106605</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1106605</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>4,325 SHS MORGAN STANLEY CAP VIII</PropertyDesc>
          <HowAcquiredCd>D</HowAcquiredCd>
          <AcquiredDt>2007-10-09</AcquiredDt>
          <SoldDt>2016-08-03</SoldDt>
          <GrossSalesPriceAmt>108125</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>99744</CostOrOtherBasisAmt>
          <GainOrLossAmt>8381</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>1114986</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>727493</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>9992167</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.072806</DistributionYr1Rt>
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        <TotalDistributionRt>0.531009</TotalDistributionRt>
        <AverageDistributionRt>0.106202</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>10738295</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>1140428</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>13200</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>1153628</AdjNonchrtblNetInvstIncmPctAmt>
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      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
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        <SubtotalAmt>13200</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>13200</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>22184</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>22184</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>8984</OverpaymentAmt>
        <AppliedToESTaxAmt>8984</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd referenceDocumentId="BinaryAttach">false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd referenceDocumentId="BinaryAttach">false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd referenceDocumentId="BinaryAttach">false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>NOT APPLICABLE</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>MARYAM NEWMAN</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2128320400</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>346 PINE BROOK ROAD</AddressLine1Txt>
          <CityNm>BEDFORD</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10506</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>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>HOWARD H NEWMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>346 PINE BROOK ROAD</AddressLine1Txt>
            <CityNm>BEDFORD</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10506</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ZEENA M MEURER</PersonNm>
          <USAddress>
            <AddressLine1Txt>80 CENTRAL PARK WEST</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10023</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.5</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ELIZABETH V NEWMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1225 PARK AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10028</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
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          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARYAM R NEWMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>346 PINE BROOK ROAD</AddressLine1Txt>
            <CityNm>BEDFORD</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10506</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
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      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>N/A</Description1Txt>
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      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
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        <AdjustedTotalFMVOfUnusedAstAmt>10901822</AdjustedTotalFMVOfUnusedAstAmt>
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        <MinimumInvestmentReturnAmt>536915</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
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        <DistributableBeforeDedAmt>523715</DistributableBeforeDedAmt>
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      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
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        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
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        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>523715</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>657954</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>3308627</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>205256</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>3103371</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>970195</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>1083390</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>133729</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>258103</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>657954</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>HOWARD NEWMAN</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE ATTACHED STATEMENT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>SEE ATTACHED STATEMENT</AddressLine1Txt>
            <AddressLine2Txt>VARIOUS</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO SUPPORT HIGHER EDUCATION, MEDICAL INSTITUTIONS, THE ARTS, AND LOCAL EXEMPT ORGANIZATIONS, ETC.</GrantOrContributionPurposeTxt>
          <Amt>1174197</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1174197</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
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          <ExclusionAmt>5819</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
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        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
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        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>1321490</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1321490</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="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEE</CategoryTxt>
        <Amt>12000</Amt>
        <DisbursementsCharitablePrpsAmt>6000</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY CAP VIII</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STANDARD AND POORS DEPOSIT RCT</StockNm>
        <EOYBookValueAmt>1157118</EOYBookValueAmt>
        <EOYFMVAmt>1974326</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES RUSSELL 1000 GROWTH</StockNm>
        <EOYBookValueAmt>583401</EOYBookValueAmt>
        <EOYFMVAmt>1100031</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES RUSSELL 1000 VALUE</StockNm>
        <EOYBookValueAmt>962291</EOYBookValueAmt>
        <EOYFMVAmt>1654475</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES MSCI EAFE</StockNm>
        <EOYBookValueAmt>1285497</EOYBookValueAmt>
        <EOYFMVAmt>1277762</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES RUSSELL 2000 VALUE</StockNm>
        <EOYBookValueAmt>949586</EOYBookValueAmt>
        <EOYFMVAmt>1654601</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES MSCI EMERGING MKTS</StockNm>
        <EOYBookValueAmt>1306761</EOYBookValueAmt>
        <EOYFMVAmt>1020501</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BANK OF NY MELLON</StockNm>
        <EOYBookValueAmt>860250</EOYBookValueAmt>
        <EOYFMVAmt>1185500</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES RUSSELL 1000 GROWTH</StockNm>
        <EOYBookValueAmt>100010</EOYBookValueAmt>
        <EOYFMVAmt>188573</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES MSCI EAFE IX FD</StockNm>
        <EOYBookValueAmt>99939</EOYBookValueAmt>
        <EOYFMVAmt>99338</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES MSCI EMERGING MKTS</StockNm>
        <EOYBookValueAmt>99940</EOYBookValueAmt>
        <EOYFMVAmt>78047</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR S&amp;P 500 ETF TRUST</StockNm>
        <EOYBookValueAmt>100005</EOYBookValueAmt>
        <EOYFMVAmt>170633</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>150</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>150</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REGISTRATION FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>572</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>572</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>INTERNAL REVENUE SERVICE</Desc>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER PROFESSIONAL FEES</CategoryTxt>
        <Amt>750</Amt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>1506</Amt>
        <NetInvestmentIncomeAmt>1506</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAXES</CategoryTxt>
        <Amt>25000</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>