﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2012v2.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-05-07T05:54:41-07:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>ARGENT WEALTH MANAGEMENT INC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>13 RIVERSIDE ROAD</AddressLine1>
        <City>WESTON</City>
        <State>MA</State>
        <ZIPCode>024932434</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>043511089</EIN>
      <Name>
        <BusinessNameLine1>THE SHILLMAN FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>SHIL</NameControl>
      <Phone>5086506361</Phone>
      <USAddress>
        <AddressLine1>P O Box 676267</AddressLine1>
        <City>Rancho Santa Fe</City>
        <State>CA</State>
        <ZIPCode>92067</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>DR ROBERT J SHILLMA</Name>
      <Title>Trustee</Title>
      <DateSigned>2013-05-07</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Richard D Kahn</Name>
      <PTIN>P01282610</PTIN>
      <Phone>7818941117</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="7">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="12000229" softwareVersion="2012v2.0">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>19575883</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>9537500</ContriReceivedRevAndExpnss>
        <InterestOnSavingsRevAndExpnss>34240</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>34240</InterestOnSavingsNetInvstIncm>
        <InterestOnSavingsAdjNetIncm>34240</InterestOnSavingsAdjNetIncm>
        <DividendsRevAndExpnss>247222</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>247222</DividendsNetInvstIncm>
        <DividendsAdjNetIncm>247222</DividendsAdjNetIncm>
        <NetGainSaleAssetsRevAndExpnss>-218263</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>9319237</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>9304237</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>9600699</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>9585699</TotalNetInvestmentIncome>
        <TotalAdjustedNetIncome>281462</TotalAdjustedNetIncome>
        <CompOfcrDirTrstRevAndExpnss>50000</CompOfcrDirTrstRevAndExpnss>
        <CompOfcrDirTrstNetInvstIncm>25000</CompOfcrDirTrstNetInvstIncm>
        <CompOfcrDirTrstDsbrsChrtblPrps>25000</CompOfcrDirTrstDsbrsChrtblPrps>
        <OtherProfFeesRevAndExpnss referenceDocumentId="OtherProfessionalFeesSchedule">2400</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>2400</OtherProfFeesNetInvstIncm>
        <TaxesRevAndExpnss referenceDocumentId="TaxesSchedule">10000</TaxesRevAndExpnss>
        <OtherExpensesRevAndExpnss referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">12144</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>125</OtherExpensesNetInvstIncm>
        <TotOprExpensesRevAndExpnss>74544</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>27525</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>25000</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>3717821</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>3717821</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>3792365</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>27525</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>3742821</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>5808334</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>9558174</NetInvestmentIncome>
        <AdjustedNetIncome>281462</AdjustedNetIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>105537</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>7062916</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>7062916</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsOtherBOY>12837646</InvestmentsOtherBOY>
        <InvestmentsOtherEOY referenceDocumentId="InvestmentsOtherSchedule2">12688601</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>12512967</InvestmentsOtherEOYFMV>
        <OtherAssetsBOY referenceDocumentId="OtherAssetsSchedule">1000000</OtherAssetsBOY>
        <TotalAssetsBOY>13943183</TotalAssetsBOY>
        <TotalAssetsEOY>19751517</TotalAssetsEOY>
        <TotalAssetsEOYFMV>19575883</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <CapitalStockBOY>13943183</CapitalStockBOY>
        <CapitalStockEOY>19751517</CapitalStockEOY>
        <TotalNetAssetsBOY>13943183</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>19751517</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>13943183</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>19751517</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>13943183</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>5808334</ExcessOfRevenueOverExpenses>
        <Subtotal>19751517</Subtotal>
        <TotalNetAssetsFundBalancesEOY>19751517</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainNetIncome>9304237</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>2187857</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>14734877</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.14848</DistributionRatioYear1>
        <QualifyingDistributionsYear2>1572520</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>8113985</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.19380</DistributionRatioYear2>
        <QualifyingDistributionsYear3>962254</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>4615507</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.20848</DistributionRatioYear3>
        <QualifyingDistributionsYear4>1102986</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>5386772</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.20476</DistributionRatioYear4>
        <QualifyingDistributionsYear5>916489</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>3940529</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.23258</DistributionRatioYear5>
        <TotalDistributionRatio>0.98811</TotalDistributionRatio>
        <AverageDistributionRatio>0.19762</AverageDistributionRatio>
        <NetNoncharitableAssets>15917304</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>3145594</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>95582</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>3241176</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>3742821</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>95582</InvestmentIncomeExciseTax>
        <Subtotal>95582</Subtotal>
        <TaxBasedOnInvestmentIncome>95582</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>13077</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>13077</TotalCreditsAndPayments>
        <Form2220Attached referenceDocumentId="IRS2220">X</Form2220Attached>
        <PenaltyForUnderpayment>1461</PenaltyForUnderpayment>
        <TaxDue>83966</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <Form990TFiled>false</Form990TFiled>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>MA</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>ROBERT SHILLMAN TRUSTEE</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>5086506361</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>P O Box 676267</AddressLine1>
          <City>Rancho Santa Fe</City>
          <State>CA</State>
          <ZIPCode>920676267</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <ActsFailToQualifyAsExceptions>false</ActsFailToQualifyAsExceptions>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <TrFailToQualifyAsExceptions>false</TrFailToQualifyAsExceptions>
        <MaintExpendResponsibility>false</MaintExpendResponsibility>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>false</ProceedsOrNetIncome>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>DIANNE PARROTTE</PersonName>
          <USAddress>
            <AddressLine1>11 Via Vecino</AddressLine1>
            <City>Santa Fe</City>
            <State>NM</State>
            <ZIPCode>875060068</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>50000</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ROBERT J SHILLMAN</PersonName>
          <USAddress>
            <AddressLine1>P O BOX 676267</AddressLine1>
            <City>RANCHO SANTA FE</City>
            <State>CA</State>
            <ZIPCode>920676267</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>13037372</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>3122328</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>16159700</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AdjTotalFMVOfUnusedAssets>16159700</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>242396</CashDeemedCharitable>
        <NetNoncharitableAssets>15917304</NetNoncharitableAssets>
        <MinimumInvestmentReturn>795865</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>795865</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>95582</TaxBasedOnInvestmentIncome>
        <TotalTax>95582</TotalTax>
        <DistributableAmountBeforeAdj>700283</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>700283</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>700283</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>3742821</ExpensesAndContributions>
        <QualifyingDistributions>3742821</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>95582</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>3647239</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>700283</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear5>918251</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear4>1104688</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>962893</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>1572520</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>2187857</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>6746209</TotalExcessDistriCarryover>
        <QualifyingDistributions>3742821</QualifyingDistributions>
        <TreatedAsDistriFromCorpus>3742821</TreatedAsDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>700283</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>700283</ExcessDistriCyovAppliedCY>
        <TotalCorpus>9788747</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovFromYear5>217968</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>9570779</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>1104688</ExcessFromYear4>
        <ExcessFromYear3>962893</ExcessFromYear3>
        <ExcessFromYear2>1572520</ExcessFromYear2>
        <ExcessFromYear1>2187857</ExcessFromYear1>
        <ExcessFromCurrentYear>3742821</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>ROBERT J SHILLMAN</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>LA JOLLA MUSIC SOCIETY</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>7946 IVANHOE AVENUE</AddressLine1>
            <City>LA JOLLA</City>
            <State>CA</State>
            <ZIPCode>92037</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE ARTS</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>ZIONIST ORGANIZATION OF AMERICA</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>4 E 34TH STREET</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10016</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE COMMUNITY</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>SOUL CAUSE</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>305 WEST A STREET</AddressLine1>
            <City>SAN DIEGO</City>
            <State>CA</State>
            <ZIPCode>92111</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE COMMUNITY</PurposeOfGrantOrContribution>
          <Amount>49500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>SAN DIEGO YANTAI FREINDSHIP SOCIETY</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>3709 CONVOY STREET</AddressLine1>
            <City>SAN DIEGO</City>
            <State>CA</State>
            <ZIPCode>92111</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE COMMUNITY</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>foundation for the defense of democ</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>p o box 33249</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20033</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to support the community</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>FIDELITY CHARITABLE GIFT FUND</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>P O BOX 770001</AddressLine1>
            <City>CINCINNATI</City>
            <State>OH</State>
            <ZIPCode>45277</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE COMMUNITY</PurposeOfGrantOrContribution>
          <Amount>525671</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>AMERICAN CIVIL RIGHTS INSTITUTE</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>P O BOX 188350</AddressLine1>
            <City>SACRAMENTO</City>
            <State>CA</State>
            <ZIPCode>95818</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE COMMUNITY</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>CHRISTIANS UNITED FOR ISRAEL</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>P O Box 1307</AddressLine1>
            <City>San Antonio</City>
            <State>TX</State>
            <ZIPCode>78295</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT RELIGIOUS ACTIVITIES</PurposeOfGrantOrContribution>
          <Amount>100900</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>FIDELITY CHARITABLE GIFT FUND</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>P O BOX 770001</AddressLine1>
            <City>CINCINNATI</City>
            <State>OH</State>
            <ZIPCode>45277</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>2725000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>FRIENDS OF THE IDF</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>350 FIFTH AVENUE</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10118</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT HUMANITARIAN NEEDS</PurposeOfGrantOrContribution>
          <Amount>250250</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>3717821</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>34240</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>247222</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionAmount>54683</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>-272946</RelatedOrExemptFunctionIncome>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>336145</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>-272946</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>63199</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="12000229" softwareVersion="2012v2.0">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>ROBERT J SHILLMAN</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>P O BOX 676267</AddressLine1>
          <City>RANCHO SANTA FE</City>
          <State>CA</State>
          <ZIPCode>920676267</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>9264554</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <NoncashProperty>
        <ContributorNumberFromPartI>1</ContributorNumberFromPartI>
        <NoncashPropertyDescription>250000 SHARES OF COGNEX CORP STOCK</NoncashPropertyDescription>
        <FairMarketValue>9264554</FairMarketValue>
        <DateReceived>2012-09-20</DateReceived>
      </NoncashProperty>
    </IRS990ScheduleB>
    <GeneralExplanationAttachment documentId="GeneralExplanation" softwareId="12000229" softwareVersion="2012v2.0">
      <GeneralExplanation>
        <Explanation>THE SHILLMAN FOUNDATION04-3511089ELECTION2012 FORM 990PFELECTION TO TREAT QUALIFYING DISTRIBUTIONS AS A DISTRIBUTION OUT OF CORPUSTHE SHILLMAN FOUNDATION HEREBY ELECTS, PURSUANT TO REGULATION SECTION 53.4942(a)-3(d)2, TO TREAT $ 3,742,821 OF QUALIFYING DISTRIBUTIONS MADE DURING 2012 AS BEING MADE OUT OF CORPUS.</Explanation>
      </GeneralExplanation>
    </GeneralExplanationAttachment>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="12000229" softwareVersion="2012v2.0">
      <InvestmentsOther>
        <CategoryOrItem>FIDELITY PORTFOLIO</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>12688601</BookValue>
        <EOYFMV>12512967</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="12000229" softwareVersion="2012v2.0">
      <OtherExpenses>
        <Description>TRAVEL EXPENSES</Description>
        <RevenueAndExpensesPerBooks>12019</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>ANNUAL REPORT</Description>
        <RevenueAndExpensesPerBooks>125</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>125</NetInvestmentIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="12000229" softwareVersion="2012v2.0">
      <OtherProfessionalFees>
        <Category>TAX PREPARATION</Category>
        <Amount>2400</Amount>
        <NetInvestmentIncome>2400</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="12000229" softwareVersion="2012v2.0">
      <Taxes>
        <Category>FEDERAL TAX</Category>
        <Amount>10000</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>