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      <TotExpensesEtcAuditedFinclStmt>4500900</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>4500900</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>4500900</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>MANAGEMENT EVALUATED AAM'S TAX POSITION AND CONCLUDED THAT AAM HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. AT THE PRESENT TIME, AAM IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL AUTHORITIES FOR YEARS BEFORE 2008.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>0</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>CAMPAIGN FOR AMERICA'S FUTURE</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1825 K STREET NW STE 400</AddressLine1>
          <City>WASHINGTON</City>
          <State>DC</State>
          <ZIPCode>20006</ZIPCode>
        </AddressUS>
        <EINOfRecipient>521861766</EINOfRecipient>
        <IRCSection>501(C)(4)</IRCSection>
        <AmountOfCashGrant>105000</AmountOfCashGrant>
        <PurposeOfGrant>SPONSORSHIP</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>KEYSTONE RESEARCH PROGRESS INC</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>412 N THIRD STREET</AddressLine1>
          <City>HARRISBURG</City>
          <State>PA</State>
          <ZIPCode>17101</ZIPCode>
        </AddressUS>
        <EINOfRecipient>251776998</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>5000</AmountOfCashGrant>
        <PurposeOfGrant>SPONSORSHIP</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>SANTOS MEDIA LLC</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>104 ALBION STREET</AddressLine1>
          <City>SOMERVILLE</City>
          <State>MA</State>
          <ZIPCode>02144</ZIPCode>
        </AddressUS>
        <AmountOfCashGrant>15000</AmountOfCashGrant>
        <PurposeOfGrant>SPONSORSHIP</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>THE AMERICAN PROSPECT INC</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1710 RHODE ISLAND AVE NW 12TH FLOOR</AddressLine1>
          <AddressLine2>FLOOR</AddressLine2>
          <City>WASHINGTON</City>
          <State>DC</State>
          <ZIPCode>20036</ZIPCode>
        </AddressUS>
        <EINOfRecipient>521617061</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>100000</AmountOfCashGrant>
        <PurposeOfGrant>GRANT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>INSTITUTE FOR AMERICA'S FUTURE INCE</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1825 K STREET NW STE 400</AddressLine1>
          <City>WASHINGTON</City>
          <State>DC</State>
          <ZIPCode>20006</ZIPCode>
        </AddressUS>
        <EINOfRecipient>521971942</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>100000</AmountOfCashGrant>
        <PurposeOfGrant>SPONSORSHIP</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>REPUBLICAN STATE LEADERSHIP COMMITTEE</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1800 DIAGONAL ROAD SUITE 230</AddressLine1>
          <City>ALEXANDRIA</City>
          <State>VA</State>
          <ZIPCode>22314</ZIPCode>
        </AddressUS>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>SPONSORSHIP</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>NATIONAL GROWTH INNOVATION FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>10529 OLD COURT ROAD</AddressLine1>
          <City>WOODSTOCK</City>
          <State>MD</State>
          <ZIPCode>21163</ZIPCode>
        </AddressUS>
        <EINOfRecipient>320114354</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>SPONSORSHIP</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>ED SCHULTZ BROADCASTING LLC</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>417 38TH STREET SW SUITE F</AddressLine1>
          <City>FARGO</City>
          <State>ND</State>
          <ZIPCode>58103</ZIPCode>
        </AddressUS>
        <AmountOfCashGrant>20000</AmountOfCashGrant>
        <PurposeOfGrant>SPONSORSHIP</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>4</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>4</TotalNbrOfOtherOrganizations>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <Form990ScheduleJPartII>
        <NamePerson>SCOTT PAUL</NamePerson>
        <BaseCompensationFilingOrg>150255</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>9015</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>23833</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>183103</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
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    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION A, LINE 8B</ReturnReference>
        <Explanation>THE PUBLIC POLICY FUND, INC DBA ALLIANCE FOR AMERICAN MANUFACTURING HAS NO OTHER COMMITTEES THAT ACT ON BEHALF OF THE ORGANIZATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE PUBLIC POLICY FUND, INC DBA ALLIANCE FOR AMERICAN MANUFACTURING'S (AAM) FORM 990 IS PREPARED BY ITS INDEPENDENT PUBLIC ACCOUNTANT WHO THEN FORWARDS THE COMPLETED RETURN TO AAM'S EXECUTIVE DIRECTOR FOR REVIEW. THE EXECUTIVE DIRECTOR THEN PROVIDES THE RETURN TO THE BOARD OF DIRECTORS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE EXECUTIVE DIRECTOR'S SALARY IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS WHO ARE INDEPENDENT OF THE PUBLIC POLICY FUND, INC DBA ALLIANCE FOR AMERICAN MANUFACTURING'S DAY TO DAY OPERATIONS. THE REVIEW CONSISTED OF COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE PUBLIC POLICY FUND, INC DBA ALLIANCE FOR AMERICAN MANUFACTURING MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC</Identifier>
        <ReturnReference>FORM 990, PART VII</ReturnReference>
        <Explanation>NEIL MESSICK - 1808 EYE STREET, NW, 5TH FLOOR, WASHINGTON, DC 20006. THOMAS CONWAY - 5 GATEWAY CENTER, 12TH FLOOR, PITTSBURGH, PA 15222. THOMAS SNEERINGER - 901 K STREET, NW, SUITE 1250, WASHINGTON, DC 20001.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART XII, LINE 2C:</ReturnReference>
        <Explanation>THE PUBLIC POLICY FUND, INC DBA ALLIANCE FOR AMERICAN MANUFACTURING'S BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT THAT PERFORMS THE AUDIT.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>