﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2011v1.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-06-22T06:20:08-07:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Chizner &amp; Company LLC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>98 Cuttermill Rd</AddressLine1>
        <City>Great Neck</City>
        <State>NY</State>
        <ZIPCode>11021</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>134284297</EIN>
      <Name>
        <BusinessNameLine1>THE OKEEFE FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>OKEE</NameControl>
      <Phone>5165961736</Phone>
      <USAddress>
        <AddressLine1>15 BAYLIS PLACE</AddressLine1>
        <City>LYNBROOK</City>
        <State>NY</State>
        <ZIPCode>11563</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>NOREEN COSTELLO</Name>
      <Title>President</Title>
      <DateSigned>2012-06-22</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>MITCHELL CHIZNER</Name>
      <Phone>2129673950</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="3">
    <IRS990EZ documentId="IRS990EZ" referenceDocumentId="IRS990ScheduleO TransfersPersonalBenefitsContr" softwareId="11000144" softwareVersion="2011v1.2">
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <ScheduleBNotRequired>X</ScheduleBNotRequired>
      <WebSite>spiritrider.e-shopmall.com</WebSite>
      <Organization501c3 referenceDocumentId="IRS990ScheduleA">X</Organization501c3>
      <GrossReceiptsLessThan25000>X</GrossReceiptsLessThan25000>
      <GrossReceipts>37479</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>37479</ContributionsGiftsGrantsEtc>
      <CostOtherBasisAndSalesExpenses>0</CostOtherBasisAndSalesExpenses>
      <FundraisingGrossIncome>0</FundraisingGrossIncome>
      <SpecialEventsDirectExpenses>0</SpecialEventsDirectExpenses>
      <CostOfGoodsSold>0</CostOfGoodsSold>
      <TotalRevenue>37479</TotalRevenue>
      <GrantsAndSimilarAmountsPaid>5000</GrantsAndSimilarAmountsPaid>
      <FeesAndOthPymtToIndContractors>500</FeesAndOthPymtToIndContractors>
      <PrintingPublicationsPostage>3795</PrintingPublicationsPostage>
      <OtherExpensesTotal>26035</OtherExpensesTotal>
      <TotalExpenses>35330</TotalExpenses>
      <ExcessOrDeficitForYear>2149</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>20077</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>22226</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartII>X</InfoInScheduleOPartII>
      <CashSavingsAndInvestments>
        <BOY>19880</BOY>
        <EOY>22226</EOY>
      </CashSavingsAndInvestments>
      <OtherAssetsTotal>
        <BOY>197</BOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>20077</BOY>
        <EOY>22226</EOY>
      </TotalAssets>
      <NetAssetsOrFundBalances>
        <BOY>20077</BOY>
        <EOY>22226</EOY>
      </NetAssetsOrFundBalances>
      <PrimaryExemptPurpose>An annual Sailing Regatta held each year on or about September 11th. The race is in memory of Firefighter Patrick J.O'Keefe who died September 11, 2001. Donations from the Regatta are our only source of income. All funds raised are used for Scholarships (see statement 5)and running the annual event.</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>An annual Sailing Regatta held each year on or about September 11th. The race is in memory of Firefighter Patrick J.O'Keefe who died September 11, 2001. Donations from the Regatta are our only source of income. All funds raised are used for Scholarships (see statement 5)and running the annual event.</DescriptionProgramServiceAccom>
      </ProgramServiceAccomplishment>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>TIMOTHY J O'KEEFE</PersonName>
        <AddressUS>
          <AddressLine1>45 DAVISON AVENUE</AddressLine1>
          <City>EAST ROCKAWAY</City>
          <State>NY</State>
          <ZIPCode>11518</ZIPCode>
        </AddressUS>
        <Title>Secretary</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>PATRICK C O'KEEFE</PersonName>
        <AddressUS>
          <AddressLine1>100 CARMAN AVENUE</AddressLine1>
          <City>EAST ROCKAWAY</City>
          <State>NY</State>
          <ZIPCode>11518</ZIPCode>
        </AddressUS>
        <Title>Vice President</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>NOREEN COSTELLO</PersonName>
        <AddressUS>
          <AddressLine1>15 BAYLIS PLACE</AddressLine1>
          <City>LYNBROOK</City>
          <State>NY</State>
          <ZIPCode>11563</ZIPCode>
        </AddressUS>
        <Title>President</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <InfoInScheduleOPartV>X</InfoInScheduleOPartV>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>false</OrganizationHadUBI>
      <OrganizationFiled990T>false</OrganizationFiled990T>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <OrganizationDissolvedEtc>false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <InitiationFeesAndCapitalContri>0</InitiationFeesAndCapitalContri>
      <GrossReceiptsForPublicUse>0</GrossReceiptsForPublicUse>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TheBooksAreInCareOf>
        <NamePerson>NOREEN COSTELLO</NamePerson>
        <AddressUS>
          <AddressLine1>15 BAYLIS PLACE</AddressLine1>
          <City>LYNBROOK</City>
          <State>NY</State>
          <ZIPCode>11563</ZIPCode>
        </AddressUS>
        <TelephoneNumber>5165961736</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <Form720Filed>false</Form720Filed>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionWithControlEntity>false</TransactionWithControlEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
      <OperatingSchool>false</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>false</TrnsfrsExemptNonCharRelatedOrg>
      <RelatedOrgSection527Org>false</RelatedOrgSection527Org>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
      <FiledScheduleA>true</FiledScheduleA>
    </IRS990EZ>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="11000144" softwareVersion="2011v1.2">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>47109</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>36525</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>32401</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>29691</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>37479</CurrentTaxYear>
        <Total>183205</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <Total>0</Total>
      </GrossReceiptsFromAdmissions>
      <GrossReceiptsFromNonUBI>
        <Total>0</Total>
      </GrossReceiptsFromNonUBI>
      <TaxRevLeviedForOrgBenefit509>
        <Total>0</Total>
      </TaxRevLeviedForOrgBenefit509>
      <ValueOfSvcsFcltsFurnishdByGovt>
        <Total>0</Total>
      </ValueOfSvcsFcltsFurnishdByGovt>
      <Total509>
        <CurrentTaxYearMinus4Years>47109</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>36525</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>32401</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>29691</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>37479</CurrentTaxYear>
        <Total>183205</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <Total>0</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <Total>0</Total>
      </AmtsFromSubstContributors>
      <PublicSupportTotal509>183205</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>335</CurrentTaxYearMinus4Years>
        <Total>335</Total>
      </GrossInvestmentIncome509>
      <Post1975UBTI>
        <Total>0</Total>
      </Post1975UBTI>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>335</CurrentTaxYearMinus4Years>
        <Total>335</Total>
      </InvestmentIncomeAndUBTI>
      <NetIncomeFromOtherUBI>
        <Total>0</Total>
      </NetIncomeFromOtherUBI>
      <OtherIncome509>
        <Total>0</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>47444</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>36525</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>32401</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>29691</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>37479</CurrentTaxYear>
        <Total>183540</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.99820</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0.00180</InvestmentIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="11000144" softwareVersion="2011v1.2">
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part II, Line 24.1003</Identifier>
        <ReturnReference>Other Assets.1003</ReturnReference>
        <Explanation>Machinery and Equipment - Beginning $197 Machinery and Equipment - Ending $0</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.6</Identifier>
        <ReturnReference>Other Expenses.6</ReturnReference>
        <Explanation>BANK CHARGES $35</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.5</Identifier>
        <ReturnReference>Other Expenses.5</ReturnReference>
        <Explanation>Fees $150</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.4</Identifier>
        <ReturnReference>Other Expenses.4</ReturnReference>
        <Explanation>Web maintenance $420</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1</Identifier>
        <ReturnReference>Other Expenses.1</ReturnReference>
        <Explanation>Fund raising event $23823</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1012</Identifier>
        <ReturnReference>Other Expenses.1012</ReturnReference>
        <Explanation>Insurance $1000</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1009</Identifier>
        <ReturnReference>Other Expenses.1009</ReturnReference>
        <Explanation>Depreciation $197</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1002</Identifier>
        <ReturnReference>Other Expenses.1002</ReturnReference>
        <Explanation>Office Expenses $410</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>