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        <State>TX</State>
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        <BusinessNameLine1>DESHPANDE FAMILY FOUNDATION INC</BusinessNameLine1>
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        <State>FL</State>
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      <Title>PRESIDENT</Title>
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      <DateSigned>2011-10-17</DateSigned>
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      <Name>UMESH JAIN CPA</Name>
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        </DividendsAndIntFromSecPartVII>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>34072</UnrelatedBusinessIncomeAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>34072</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>
    <InvestmentsCorpStockSchedule documentId="00000002">
      <InvestmentsCorpStock>
        <NameOfStock>INVESTMENT-VISTAR ALABAMA</NameOfStock>
        <EOYBookValue>122787</EOYBookValue>
        <EOYFMV>122787</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>INVESTMENT-CCP PARKSIDE, LLC</NameOfStock>
        <EOYBookValue>102441</EOYBookValue>
        <EOYFMV>102441</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="00000003">
      <InvestmentsOther>
        <CategoryOrItem>INVESTMENT-AEGIS-3990070918</CategoryOrItem>
        <BookValue>375920</BookValue>
        <EOYFMV>336664</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>INVESTMENT-SB-43471801</CategoryOrItem>
        <BookValue>685365</BookValue>
        <EOYFMV>802111</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>INVESTMENT-MS-G4824</CategoryOrItem>
        <BookValue>9765</BookValue>
        <EOYFMV>9566</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="00000004">
      <OtherAssets>
        <Description>DUE FROM DESHPANDE INC</Description>
        <BOYBookValue>20000</BOYBookValue>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000005">
      <OtherAssets>
        <Description>DUE FROM DESHPANDE INC</Description>
        <BOYBookValue>20000</BOYBookValue>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000006">
      <OtherAssets>
        <Description>DUE FROM DESHPANDE INC</Description>
        <BOYBookValue>20000</BOYBookValue>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="00000007">
      <OtherDecreases>
        <Description>CAPITAL GAIN NET LOSS (PART IV, LINE 2)</Description>
        <Amount>-7009</Amount>
      </OtherDecreases>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="00000008">
      <OtherExpenses>
        <Description>BANK CHARGES</Description>
        <RevenueAndExpensesPerBooks>150</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>150</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>ASSET MANAGEMENT FEES</Description>
        <RevenueAndExpensesPerBooks>6637</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>6637</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PENALITY</Description>
        <RevenueAndExpensesPerBooks>76</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>76</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INTEREST</Description>
        <RevenueAndExpensesPerBooks>251</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>251</NetInvestmentIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="00000009">
      <OtherIncome>
        <Description>MISC INCOME</Description>
        <RevenueAndExpensesPerBooks>533</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>533</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>INVESTMENT-VISTAR ALABAMA, LLC</Description>
        <RevenueAndExpensesPerBooks>-17</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-17</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>INVESTMENT-CCP PARKSIDE</Description>
        <RevenueAndExpensesPerBooks>866</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>866</NetInvestmentIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="00000010">
      <OtherLiabilities>
        <Description>DUE TO DESHPANDE, L.P.</Description>
        <BOYBookValue>6000</BOYBookValue>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DUE TO ANIL DESHPANDE</Description>
        <BOYBookValue>2000</BOYBookValue>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>INCOME TAX PAYABLE</Description>
        <BOYBookValue>631</BOYBookValue>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>UNREALIZED LOSSES ON INVESTMENTS</Description>
        <BOYBookValue>63393</BOYBookValue>
        <EOYBookValue>77291</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherLiabilitiesSchedule documentId="00000011">
      <OtherLiabilities>
        <Description>DUE TO DESHPANDE, L.P.</Description>
        <BOYBookValue>6000</BOYBookValue>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DUE TO ANIL DESHPANDE</Description>
        <BOYBookValue>2000</BOYBookValue>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>INCOME TAX PAYABLE</Description>
        <BOYBookValue>631</BOYBookValue>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>UNREALIZED LOSSES ON INVESTMENTS</Description>
        <BOYBookValue>63393</BOYBookValue>
        <EOYBookValue>77291</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="00000012">
      <Taxes>
        <Category>FEDERAL INCOME TAX</Category>
        <Amount>2040</Amount>
        <NetInvestmentIncome>2040</NetInvestmentIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>