﻿<?xml version="1.0" encoding="utf-8"?>
<Return xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2016v3.1" xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-08-23T18:25:09-05:00</ReturnTs>
    <TaxPeriodEndDt>2016-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>DREYER ROBBINS &amp; ASSOCIATES</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>355 S GRAND AVE STE 1710</AddressLine1Txt>
        <CityNm>LOS ANGELES</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>900711532</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2016-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>461575153</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE CRAFT FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% L DEDE ROBBINS</InCareOfNm>
      <BusinessNameControlTxt>CRAF</BusinessNameControlTxt>
      <PhoneNum>2136838790</PhoneNum>
      <USAddress>
        <AddressLine1Txt>355 S GRAND AVENUE SUITE 1710</AddressLine1Txt>
        <CityNm>LOS ANGELES</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>90071</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>MELANIE CRAFT</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <PhoneNum>2135838789</PhoneNum>
      <SignatureDt>2017-08-10</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>L DEDE ROBBINS</PreparerPersonNm>
      <PTIN>P00673409</PTIN>
      <PhoneNum>2136838790</PhoneNum>
      <PreparationDt>2017-08-10</PreparationDt>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>45.59.221.2</IPv4AddressTxt>
      </IPAddress>
      <FederalOriginalSubmissionId>96005520172355000007</FederalOriginalSubmissionId>
      <FederalOriginalSubmissionIdDt>2017-08-23</FederalOriginalSubmissionIdDt>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>2EEB0E4542BB851BC1C1ED48CC74030DD568678A</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>A8BA7FD1F19F8323019AA69753CEDF29AB8ADED8</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2016</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="9">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>5045309</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>3201758</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>74614</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>74614</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>3169003</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>5329158</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>3169003</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>6445375</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>3243617</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSch">4000</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>4000</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>0</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">1166</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>1166</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">26069</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>26069</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>31235</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>31235</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>115150</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>115150</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>146385</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>31235</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>115150</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>6298990</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>3212382</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>54263</CashBOYAmt>
        <CashEOYAmt>23007</CashEOYAmt>
        <CashEOYFMVAmt>23007</CashEOYFMVAmt>
        <SavAndTempCashInvstEOYAmt>185950</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>185996</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>1786830</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">4724102</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>4836306</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>1841093</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>4933059</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>5045309</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <RetainedEarningBOYAmt>1841093</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>4933059</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1841093</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>4933059</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1841093</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>4933059</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1841093</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>6298990</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSch">2985</OtherIncreasesAmt>
        <SubtotalAmt>8143068</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSch">3210009</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>4933059</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ML 88Q-04515 ST</PropertyDesc>
          <GrossSalesPriceAmt>1406986</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1424024</CostOrOtherBasisAmt>
          <GainOrLossAmt>-16915</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-17038</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ML 88Q-04515 LT</PropertyDesc>
          <GrossSalesPriceAmt>522394</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>541688</CostOrOtherBasisAmt>
          <GainOrLossAmt>-18325</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-19294</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ML 88Q-04515 LT NON COVERED</PropertyDesc>
          <AcquiredDt>2008-10-15</AcquiredDt>
          <SoldDt>2016-09-19</SoldDt>
          <GrossSalesPriceAmt>3199173</GrossSalesPriceAmt>
          <GainOrLossAmt>3199173</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3199173</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ML 88Q-04515 ST NON COVERED</PropertyDesc>
          <GrossSalesPriceAmt>182567</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>195535</CostOrOtherBasisAmt>
          <GainOrLossAmt>-12968</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-12968</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>18038</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>3169003</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>99485</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>1867328</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.053277</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>128843</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>1968527</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.065451</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>79561</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>1975388</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.040276</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>0</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>64448</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.0</DistributionYr4Rt>
        <TotalDistributionRt>0.159004</TotalDistributionRt>
        <AverageDistributionRt>0.039751</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>2686649</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>106797</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>32124</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>138921</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>115150</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>64248</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>64248</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>64248</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>21886</EstimatedPlusOvpmtIncmTxAmt>
        <AppliedToEsTaxAmt>50000</AppliedToEsTaxAmt>
        <TotalPaymentsAndCreditsAmt>71886</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>7638</OverpaymentAmt>
        <AppliedToESTaxAmt>7638</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>L DEDE ROBBINS</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2136838789</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>355 S GRAND AVENUE SUITE 1710</AddressLine1Txt>
          <CityNm>LOS ANGELES</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90071</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>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <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>MELANIE CRAFT</PersonNm>
          <USAddress>
            <AddressLine1Txt>355 S GRAND AVENUE SUITE 1710</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90071</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>2616317</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>111245</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>2727562</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2727562</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>40913</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2686649</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>134332</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>134332</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>64248</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>64248</TotalTaxAmt>
        <DistributableBeforeAdjAmt>70084</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>70084</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>70084</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>115150</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>115150</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>115150</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>70084</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2014</PriorYear1Yr>
        <PriorYear2Yr>2013</PriorYear2Yr>
        <PriorYear3Yr>2012</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr4Amt>0</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>18448</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>32731</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>7149</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>58328</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>115150</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>70084</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>45066</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>103394</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>103394</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>0</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>18448</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>32731</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>7149</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>45066</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>MELANIE CRAFT</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE GARDEN SCHOOL FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2187 W 24TH STREET</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90018</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT TO FULFILL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MECHANICS' INSTITUTE LIBRARY &amp; CHESS ROOM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>57 POST STREET</AddressLine1Txt>
            <CityNm>SAN FRANCISCO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>941015002</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT TO FULFILL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FOODCORPS INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1140 SE 7TH AVENUE</AddressLine1Txt>
            <AddressLine2Txt>SUITE 110</AddressLine2Txt>
            <CityNm>PORTLAND</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97214</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT TO FULFILL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SAN FANCISCO BAY HUMANE FRIENDS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>c/o PENINSULA HUMANE SOCIETY SPCA</AddressLine1Txt>
            <AddressLine2Txt>1450 ROLLINS ROAD</AddressLine2Txt>
            <CityNm>BURLINGAME</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94010</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT TO FULFILL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEEDMONEY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3 POWERHORN DRIVE</AddressLine1Txt>
            <CityNm>SCARBOROUGH</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04074</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT TO FULFILL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BRCA FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2225 3RD STREET</AddressLine1Txt>
            <CityNm>SAN FRANCISCO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94107</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT TO FULFILL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>5150</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>115150</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>74614</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>3169003</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>3243617</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>3243617</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>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>MELANIE CRAFT</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>355 S GRAND AVENUE SUITE 1710</AddressLine1Txt>
          <CityNm>LOS ANGELES</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90071</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>3201758</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>29,300 SHS NET SUITE, INC.</NoncashPropertyDesc>
        <FairMarketValueAmt>3203076</FairMarketValueAmt>
        <ReceivedDt>2016-09-19</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>2</ContributorNum>
        <NoncashPropertyDesc>MISC NON CASH CONTRIBUTIONS</NoncashPropertyDesc>
        <FairMarketValueAmt>1219</FairMarketValueAmt>
        <ReceivedDt>2016-12-30</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING/TAX RETURN PREP</CategoryTxt>
        <Amt>4000</Amt>
        <NetInvestmentIncomeAmt>4000</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>ML #4515</StockNm>
        <EOYBookValueAmt>4724102</EOYBookValueAmt>
        <EOYFMVAmt>4836306</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreasesDetail>
        <Desc>BOOK/TAX DIFFERENCE ON CONTRIB STOCK</Desc>
        <Amt>3201758</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>MISC</Desc>
        <Amt>8251</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>ML MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>25791</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>25791</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CA FTB FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>10</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>10</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CA ATTORNEY GENERAL FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>25</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>93</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>93</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EMA ANNUAL FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>150</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>150</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreasesDetail>
        <Desc>NON-DIVIDEND DISTRIBUTIONS</Desc>
        <Amt>1303</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>EXEMPT INTEREST DIVIDENDS</Desc>
        <Amt>1682</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>ML 88Q-04515 FOREIGN TAXES</CategoryTxt>
        <Amt>1166</Amt>
        <NetInvestmentIncomeAmt>1166</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>