﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2014v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2015-04-15T10:13:47-05:00</ReturnTs>
    <TaxPeriodEndDt>2014-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>341310124</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>REA &amp; ASSOCIATES INC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>PO BOX 1020</AddressLine1Txt>
        <CityNm>NEW PHILADELPHIA</CityNm>
        <StateAbbreviationCd>OH</StateAbbreviationCd>
        <ZIPCd>446635120</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2014-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>200301373</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>PEGGY AND JOHN STRATTON FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>PEGG</BusinessNameControlTxt>
      <PhoneNum>3303391268</PhoneNum>
      <USAddress>
        <AddressLine1Txt>1279 CRESTVIEW AVENUE SW</AddressLine1Txt>
        <CityNm>NEW PHILADELPHIA</CityNm>
        <StateAbbreviationCd>OH</StateAbbreviationCd>
        <ZIPCd>44663</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>PEGGY STRATTON</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>3303391268</PhoneNum>
      <SignatureDt>2015-03-31</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>LISA BEAMER CPA</PreparerPersonNm>
      <PTIN>P00099001</PTIN>
      <PhoneNum>3303396651</PhoneNum>
      <PreparationDt>2015-03-31</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2014</TaxYr>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1128075</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>100000</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>24133</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>24133</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>24133</DividendsAdjNetIncmAmt>
        <GrossRentsRevAndExpnssAmt>9600</GrossRentsRevAndExpnssAmt>
        <GrossRentsAdjNetIncmAmt>9600</GrossRentsAdjNetIncmAmt>
        <NetRentalIncomeOrLossAmt>-1795</NetRentalIncomeOrLossAmt>
        <NetGainSaleAstRevAndExpnssAmt>-4609</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>78967</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>0</NetSTCapitalGainAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>129124</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>24133</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>33733</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstAdjNetIncmAmt>0</CompOfcrDirTrstAdjNetIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">3464</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>3464</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesAdjNetIncmAmt>0</OtherProfFeesAdjNetIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">200</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>200</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>0</TaxesAdjNetIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="RetDoc2203000001">1795</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>0</DeprecAndDpltnNetInvstIncmAmt>
        <DeprecAndDpltnAdjNetIncmAmt>1795</DeprecAndDpltnAdjNetIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">9600</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>9600</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>0</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>15059</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>3664</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>11395</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>36325</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>36325</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>51384</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>3664</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>11395</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>36325</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>77740</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>20469</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>22338</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>45560</CashBOYAmt>
        <CashEOYAmt>49282</CashEOYAmt>
        <CashEOYFMVAmt>49282</CashEOYFMVAmt>
        <CorporateStockBOYAmt>723839</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">799652</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1012785</CorporateStockEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>77750</InvstLandCostOrOtherBasisAmt>
        <InvstLandAccumDepreciationAmt>11742</InvstLandAccumDepreciationAmt>
        <LandBldgInvestmentsBOYAmt>67803</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt referenceDocumentId="RetDoc2059100001">66008</LandBldgInvestmentsEOYAmt>
        <LandBldgInvestmentsEOYFMVAmt>66008</LandBldgInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>837202</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>914942</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1128075</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>0</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>0</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>837202</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>914942</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>837202</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>914942</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>837202</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>914942</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>837202</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>77740</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>914942</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>914942</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VERISON COMMUICATIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-02-21</AcquiredDt>
          <SoldDt>2014-02-28</SoldDt>
          <GrossSalesPriceAmt>2</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>F N B CORPORATION</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-10-04</AcquiredDt>
          <SoldDt>2014-09-24</SoldDt>
          <GrossSalesPriceAmt>12</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10</CostOrOtherBasisAmt>
          <GainOrLossAmt>2</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SOUTHWESTERN ENERGY COMPANY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-03-28</AcquiredDt>
          <SoldDt>2014-12-02</SoldDt>
          <GrossSalesPriceAmt>3134</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4585</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1451</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1451</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VANGUARD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-12-31</AcquiredDt>
          <SoldDt>2014-12-31</SoldDt>
          <GrossSalesPriceAmt>19</GrossSalesPriceAmt>
          <GainOrLossAmt>19</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>19</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VODAFONE GROUP PLC ADS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2005-02-04</AcquiredDt>
          <SoldDt>2014-02-25</SoldDt>
          <GrossSalesPriceAmt>37</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>50</CostOrOtherBasisAmt>
          <GainOrLossAmt>-13</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-13</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FRESHENIUS MEDICAL CARE AG &amp; CO KGAA</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-08-17</AcquiredDt>
          <SoldDt>2014-03-28</SoldDt>
          <GrossSalesPriceAmt>6956</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7112</CostOrOtherBasisAmt>
          <GainOrLossAmt>-156</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-156</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>HEWLETT-PACKARD CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-02-24</AcquiredDt>
          <SoldDt>2014-06-02</SoldDt>
          <GrossSalesPriceAmt>50000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>49928</CostOrOtherBasisAmt>
          <GainOrLossAmt>72</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>72</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>HERTZ GLOBAL HOLDINGS, INC.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-09-11</AcquiredDt>
          <SoldDt>2014-12-02</SoldDt>
          <GrossSalesPriceAmt>9511</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10535</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1024</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1024</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NEWS CORPORATION CL A</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-08-03</AcquiredDt>
          <SoldDt>2014-12-02</SoldDt>
          <GrossSalesPriceAmt>1564</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1077</CostOrOtherBasisAmt>
          <GainOrLossAmt>487</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>487</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NEWS CORPORATION CL A</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-08-17</AcquiredDt>
          <SoldDt>2014-12-02</SoldDt>
          <GrossSalesPriceAmt>782</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>533</CostOrOtherBasisAmt>
          <GainOrLossAmt>249</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>249</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>STURM RUGER &amp; COMPANY, INC.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-02-11</AcquiredDt>
          <SoldDt>2014-12-02</SoldDt>
          <GrossSalesPriceAmt>3742</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5619</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1877</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1877</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SOUTHWESTERN ENERGY COMPANY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-11-01</AcquiredDt>
          <SoldDt>2014-12-02</SoldDt>
          <GrossSalesPriceAmt>3134</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4125</CostOrOtherBasisAmt>
          <GainOrLossAmt>-991</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-991</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VANGUARD SHORT-TERM CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-12-29</AcquiredDt>
          <SoldDt>2014-12-29</SoldDt>
          <GrossSalesPriceAmt>74</GrossSalesPriceAmt>
          <GainOrLossAmt>74</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>74</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-4609</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-1430</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>39525</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>67286</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.587418</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>34049</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>53517</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.636228</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>43847</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>46199</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.949090</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>51469</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>39323</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>1.308878</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>29430</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>35164</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.836936</DistributionYr5Rt>
        <TotalDistributionRt>4.318550</TotalDistributionRt>
        <AverageDistributionRt>0.863710</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>81928</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>70762</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>205</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>70967</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>36325</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>409</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>409</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>409</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>520</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>520</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>111</OverpaymentAmt>
        <AppliedToESTaxAmt>111</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>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>OH</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>1</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>WWW.QUAKERFOUNDATION.ORG</WebsiteAddressTxt>
        <IndividualWithBooksNm>PEGGY STRATTON</IndividualWithBooksNm>
        <PhoneNum>3303391268</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1279 CRESTVIEW AVENUE SW</AddressLine1Txt>
          <CityNm>NEW PHILADELPHIA</CityNm>
          <StateAbbreviationCd>OH</StateAbbreviationCd>
          <ZIPCd>44663</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>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN E STRATTON</PersonNm>
          <USAddress>
            <AddressLine1Txt>1279 CRESTVIEW AVENUE SW</AddressLine1Txt>
            <CityNm>NEW PHILADELPHIA</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>44663</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PEGGY E STRATTON</PersonNm>
          <USAddress>
            <AddressLine1Txt>1279 CRESTVIEW AVENUE SW</AddressLine1Txt>
            <CityNm>NEW PHILADELPHIA</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>44663</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT/SEC-TREAS</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ROGER LILE</PersonNm>
          <USAddress>
            <AddressLine1Txt>907 3RD NW</AddressLine1Txt>
            <CityNm>NEW PHILADELPHIA</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>44663</ZIPCd>
          </USAddress>
          <TitleTxt>BOARD MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>SCHOLARSHIPS</Description1Txt>
        <Expenses1Amt>36325</Expenses1Amt>
        <Description2Txt>PROGRAMS</Description2Txt>
        <Expenses2Amt>0</Expenses2Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>79224</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>3952</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>83176</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>83176</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1248</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>81928</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>4096</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>36325</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>36325</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>36325</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>2004-02-11</PrivateOperatingFndtnRulingDt>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>4096</CurrentYearAmt>
          <Year1Amt>3364</Year1Amt>
          <Year2Amt>2676</Year2Amt>
          <Year3Amt>2310</Year3Amt>
          <TotalAmt>12446</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>3482</CurrentYearAmt>
          <Year1Amt>2859</Year1Amt>
          <Year2Amt>2275</Year2Amt>
          <Year3Amt>1964</Year3Amt>
          <TotalAmt>10579</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>36325</CurrentYearAmt>
          <Year1Amt>39525</Year1Amt>
          <Year2Amt>34049</Year2Amt>
          <Year3Amt>43910</Year3Amt>
          <TotalAmt>153809</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>0</TotalAmt>
        </QualifyingDistriNotUsedDrtGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>36325</CurrentYearAmt>
          <Year1Amt>39525</Year1Amt>
          <Year2Amt>34049</Year2Amt>
          <Year3Amt>43910</Year3Amt>
          <TotalAmt>153809</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TotalAssetsGrp>
          <Year1Amt>1001966</Year1Amt>
          <Year2Amt>774889</Year2Amt>
          <Year3Amt>670068</Year3Amt>
          <TotalAmt>2446923</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <Year1Amt>1001966</Year1Amt>
          <Year2Amt>774889</Year2Amt>
          <Year3Amt>670068</Year3Amt>
          <TotalAmt>2446923</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>
        <ContributingManagerNm>JOHN E STRATTON</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BUCKEYE CAREER CENTER FOUNDATIONINC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 355</AddressLine1Txt>
            <CityNm>NEW PHILADELPHIA</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>44663</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NONE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR SCHOLARSHIPS AND PROGRAMS</GrantOrContributionPurposeTxt>
          <Amt>900</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>QUAKER FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>124 N BROADWAY</AddressLine1Txt>
            <CityNm>NEW PHILADELPHIA</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>44663</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NONE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR SCHOLARSHIPS AND PROGRAMS</GrantOrContributionPurposeTxt>
          <Amt>35425</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>36325</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>24133</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReNotDebtFincdProp>
          <RelatedOrExemptFunctionIncmAmt>-1795</RelatedOrExemptFunctionIncmAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>-4609</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>24133</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>-6404</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>17729</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>N/A</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>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>PEGGY JOHN STRATTON</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1279 CRESTVIEW AVE SW</AddressLine1Txt>
          <CityNm>NEW PHILADELPHIA</CityNm>
          <StateAbbreviationCd>OH</StateAbbreviationCd>
          <ZIPCd>44663</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>100000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <DepreciationSchedule documentId="RetDoc2203000001">
      <DepreciationPropertyGrp>
        <PropertyDesc>BUILDING</PropertyDesc>
        <AcquiredDt>2008-06-12</AcquiredDt>
        <CostOrOtherBasisAmt>70000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>9947</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1795</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1795</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1795</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>LAND</PropertyDesc>
        <AcquiredDt>2008-06-12</AcquiredDt>
        <CostOrOtherBasisAmt>7750</CostOrOtherBasisAmt>
        <ComputationMethodTxt>L</ComputationMethodTxt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>CHARLES SCHWAB ACCOUNT</StockNm>
        <EOYBookValueAmt>799652</EOYBookValueAmt>
        <EOYFMVAmt>1012785</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="RetDoc2059100001">
      <InvestmentLandGrp>
        <CategoryOrItemTxt>BUILDING</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>70000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>11742</AccumulatedDepreciationAmt>
        <BookValueAmt>58258</BookValueAmt>
        <EOYFMVAmt>58258</EOYFMVAmt>
      </InvestmentLandGrp>
      <InvestmentLandGrp>
        <CategoryOrItemTxt>LAND</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>7750</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>7750</BookValueAmt>
        <EOYFMVAmt>7750</EOYFMVAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>DONATED RENTS</Desc>
        <RevenueAndExpensesPerBooksAmt>9600</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>9600</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL FEES</CategoryTxt>
        <Amt>3464</Amt>
        <NetInvestmentIncomeAmt>3464</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>TAXES</CategoryTxt>
        <Amt>200</Amt>
        <NetInvestmentIncomeAmt>200</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>