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          </RecipientUSAddress>
          <RecipientRelationship>Third-party Individual</RecipientRelationship>
          <PurposeOfGrantOrContribution>Educational scholarship to Cabrini College.</PurposeOfGrantOrContribution>
          <Amount>7000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Talene Yeremian</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>317 Netherington Road</AddressLine1>
            <City>Broomall</City>
            <State>PA</State>
            <ZIPCode>19008</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Third-party Individual</RecipientRelationship>
          <PurposeOfGrantOrContribution>Educational scholarship to Drexel University.</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Karine Keshgegian</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>80 Daira Rose Court</AddressLine1>
            <City>Media</City>
            <State>PA</State>
            <ZIPCode>19063</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Third Party Individual</RecipientRelationship>
          <PurposeOfGrantOrContribution>Educational scholarship to West Chester University.</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Arman Ayrapetyan</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>820 Concord Avenue</AddressLine1>
            <City>Drexil Hill</City>
            <State>PA</State>
            <ZIPCode>19026</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Third Party Individual</RecipientRelationship>
          <PurposeOfGrantOrContribution>Educational scholarship to Drexel University.</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Richard Keshgegian</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>80 Daria Rose Court</AddressLine1>
            <City>Media</City>
            <State>PA</State>
            <ZIPCode>19063</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Third Party Individual</RecipientRelationship>
          <PurposeOfGrantOrContribution>Educational scholarship to Drexel University.</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Elza Grigoryan</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>400 Glendale Road</AddressLine1>
            <City>Havertown</City>
            <State>PA</State>
            <ZIPCode>19083</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Third Party Individual</RecipientRelationship>
          <PurposeOfGrantOrContribution>Educational scholarship to Philadelphia University.</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>40000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>22668</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>38073</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>-1456</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <OtherRevenueDescribed>
          <Description>ENBRIDGE ENERGY PARTNERS, LP</Description>
          <BusinessCode>900099</BusinessCode>
          <UnrelatedBusinessIncomeAmount>-374</UnrelatedBusinessIncomeAmount>
        </OtherRevenueDescribed>
        <OtherRevenueDescribed>
          <Description>ENTERPRISE PRODUCTS PARTNERS, LP</Description>
          <BusinessCode>900099</BusinessCode>
          <UnrelatedBusinessIncomeAmount>-2896</UnrelatedBusinessIncomeAmount>
        </OtherRevenueDescribed>
        <OtherRevenueDescribed>
          <Description>TAX REFUND</Description>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>-3270</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>59285</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>56015</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>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOther>
        <CategoryOrItem>FIXED INCOME INVESTMENTS</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>416482</BookValue>
        <EOYFMV>416482</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>MUTUAL FUNDS</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>801565</BookValue>
        <EOYFMV>801565</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>ENBRIDGE ENERGY PARTNERS, L.P.</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>0</BookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>ENTERPRISE PRODUCTS PTRS, L.P.</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>63115</BookValue>
        <EOYFMV>63115</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreases>
        <Description>NON-DEDUCTIBLE EXPENSE FROM PTE</Description>
        <Amount>17</Amount>
      </OtherDecreases>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>OFFICE</Description>
        <RevenueAndExpensesPerBooks>314</RevenueAndExpensesPerBooks>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncome>
        <Description>Enbridge Energy Partners, LP</Description>
        <RevenueAndExpensesPerBooks>-374</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-374</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>Enterprise Products Partners, LP</Description>
        <RevenueAndExpensesPerBooks>-2896</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-2896</NetInvestmentIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreases>
        <Description>UNREALIZED GAINS ON INVESTMENTS</Description>
        <Amount>101791</Amount>
      </OtherIncreases>
      <OtherIncreases>
        <Description>TAX EXEMPT INTEREST FROM PTE</Description>
        <Amount>1314</Amount>
      </OtherIncreases>
      <OtherIncreases>
        <Description>NON-TAXABLE DISTRIBUTION FROM PTE</Description>
        <Amount>4683</Amount>
      </OtherIncreases>
      <OtherIncreases>
        <Description>FEDERAL TAX REFUND</Description>
        <Amount>292</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFees>
        <Category>INVESTMENT ADVISORY FEES</Category>
        <Amount>17707</Amount>
        <NetInvestmentIncome>17707</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>FOREIGN TAXES</Category>
        <Amount>236</Amount>
        <NetInvestmentIncome>236</NetInvestmentIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>