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    <Timestamp>2013-05-10T01:01:47-00:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
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        <BusinessNameLine1>Foundation Source</BusinessNameLine1>
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      <PreparerFirmUSAddress>
        <AddressLine1>One Hollow Lane Suite 212</AddressLine1>
        <City>Lake Success</City>
        <State>NY</State>
        <ZIPCode>11042</ZIPCode>
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    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>452437372</EIN>
      <Name>
        <BusinessNameLine1>Art and Living Charitable Foundation</BusinessNameLine1>
      </Name>
      <NameControl>ARTA</NameControl>
      <Phone>8008391754</Phone>
      <USAddress>
        <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
        <City>Wilmington</City>
        <State>DE</State>
        <ZIPCode>198091377</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Jeff Marinelli</Name>
      <Title>President</Title>
      <DateSigned>2013-05-10</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Jeffrey D Haskell</Name>
      <Phone>8008391754</Phone>
      <DatePrepared>2013-05-10</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
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        <InterestOnSavingsRevAndExpnss>10</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>10</InterestOnSavingsNetInvstIncm>
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        <TotOprExpensesDsbrsChrtblPrps>1500</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>1750</ContriGiftsPaidRevAndExpnss>
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        <TotalExpensesNetInvstIncm>0</TotalExpensesNetInvstIncm>
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        <NetInvestmentIncome>10</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
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        <TotalAssetsEOY>10243</TotalAssetsEOY>
        <TotalAssetsEOYFMV>10243</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
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        <RetainedEarningsEOY>10243</RetainedEarningsEOY>
        <TotalNetAssetsBOY>3483</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>10243</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>3483</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>10243</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
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      </ChangesInNetAssetsFundBalances>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>6532</QualifyingDistributionsYear1>
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        <DistributionRatioYear1>003.212986</DistributionRatioYear1>
        <TotalDistributionRatio>003.212986</TotalDistributionRatio>
        <AverageDistributionRatio>003.212986</AverageDistributionRatio>
        <NetNoncharitableAssets>1602</NetNoncharitableAssets>
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        <AdjNonchrtblAssetsAndOnePct>5147</AdjNonchrtblAssetsAndOnePct>
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      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>0</InvestmentIncomeExciseTax>
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        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>true</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>co Foundation Source</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>8008391754</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>501 Silverside Road Suite 123</AddressLine1>
          <City>Wilmington</City>
          <State>DE</State>
          <ZIPCode>198091377</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
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      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
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      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Candace Crawford</PersonName>
          <USAddress>
            <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
            <City>Wilmington</City>
            <State>DE</State>
            <ZIPCode>19809</ZIPCode>
          </USAddress>
          <Title>Vice President</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Jeff Marinelli</PersonName>
          <USAddress>
            <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
            <City>Wilmington</City>
            <State>DE</State>
            <ZIPCode>19809</ZIPCode>
          </USAddress>
          <Title>President / Director / Secretary</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>0</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>1626</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>1626</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>1626</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable referenceDocumentId="990PF:177">24</CashDeemedCharitable>
        <NetNoncharitableAssets>1602</NetNoncharitableAssets>
        <MinimumInvestmentReturn>80</MinimumInvestmentReturn>
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        <MinimumInvestmentReturn>80</MinimumInvestmentReturn>
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        <DistributableAmountAsAdjusted>80</DistributableAmountAsAdjusted>
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        <QualifyingDistributions>3250</QualifyingDistributions>
        <AdjQualifyingDistributions>3250</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>80</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear1>6471</ExcessDistriCarryoverYear1>
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        <QualifyingDistributions>3250</QualifyingDistributions>
        <AppliedToCurrentYear>80</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>3170</RemainingDistriFromCorpus>
        <TotalCorpus>9641</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>9641</ExcessDistriCyovToNextYear>
        <ExcessFromYear1>6471</ExcessFromYear1>
        <ExcessFromCurrentYear>3170</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>Candace Crawford</ContributingManager>
        <ContributingManager>Jeff Marinelli</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CYSTIC FIBROSIS FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4929 WILSHIRE BLVD STE 760</AddressLine1>
            <City>LOS ANGELES</City>
            <State>CA</State>
            <ZIPCode>90010</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1750</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>1750</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
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          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>10</ExclusionAmount>
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        <SubtotalsPartXVIA>
          <ExclusionAmount>10</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>10</TotalPartXVIA>
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      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
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        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
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      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>Crawford Candace</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>3230 Corinth Avenue</AddressLine1>
          <City>Los Angeles</City>
          <State>CA</State>
          <ZIPCode>90066</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>10000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
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    <LiquidationExplanationStmt documentId="990PF:175" softwareId="12000057" softwareVersion="12.15.422.1">
      <Statement>This statement is submitted to report the distribution of certain assets during the above-referenced year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3a1 and the Form 990-PF instructions During the taxable year ending December 31, 2012, Art and Living Charitable Foundation the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled 1,750. This amount represents over 25 of the Foundations net assets of 3,483 as measured by fair market value at the beginning of the Foundations taxable year ending December 31, 2012. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a each such grant was made solely for the charitable purpose specified therein.</Statement>
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      <OtherExpenses>
        <Description>Administrative Fees</Description>
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        <DisbursementsCharitablePrps>1500</DisbursementsCharitablePrps>
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