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        <NetInvestmentIncomeAmt>2050</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2050</DisbursementsCharitablePrpsAmt>
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      <ElectionDesc>GINSBERG SNIDER FAMILY FOUNDATIONTAX ID NUMBER 87-XXX-XX-XXXX BAXTER ROADBROOKLINE MA 02445PURSUANT TO IRC SEC. 4942(H)(2) AND REG. 53.4942(A)-3(D)(2), THE ABOVE REFERENCED FOUNDATION HEREBY ELECTS TO TREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF CORPUS IN THE AMOUNT OF $ 302,128.</ElectionDesc>
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      <InvestmentsCorporateStockGrp>
        <StockNm>ALPHABET INC CAP STK CL A</StockNm>
        <EOYBookValueAmt>2206</EOYBookValueAmt>
        <EOYFMVAmt>18780</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMAZON.COM INC</StockNm>
        <EOYBookValueAmt>269</EOYBookValueAmt>
        <EOYFMVAmt>5771</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ANALOG DEVICES INC COM USD</StockNm>
        <EOYBookValueAmt>2278</EOYBookValueAmt>
        <EOYFMVAmt>6780</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>APPLE INC</StockNm>
        <EOYBookValueAmt>642</EOYBookValueAmt>
        <EOYFMVAmt>13593</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COSTCO WHOLESALE CORP COM USD</StockNm>
        <EOYBookValueAmt>553</EOYBookValueAmt>
        <EOYFMVAmt>8623</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HOME DEPOT INC</StockNm>
        <EOYBookValueAmt>414</EOYBookValueAmt>
        <EOYFMVAmt>5162</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMORGAN CHASE &amp; CO</StockNm>
        <EOYBookValueAmt>2310</EOYBookValueAmt>
        <EOYFMVAmt>11278</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>S&amp;P GLOBAL INC COM</StockNm>
        <EOYBookValueAmt>1361</EOYBookValueAmt>
        <EOYFMVAmt>7839</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>T-MOBILE US INC COM</StockNm>
        <EOYBookValueAmt>1363</EOYBookValueAmt>
        <EOYFMVAmt>4061</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TJX COMPANIES INC</StockNm>
        <EOYBookValueAmt>3381</EOYBookValueAmt>
        <EOYFMVAmt>9217</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNIVERSAL DISPLAY CORP</StockNm>
        <EOYBookValueAmt>2638</EOYBookValueAmt>
        <EOYFMVAmt>3503</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VISA INC</StockNm>
        <EOYBookValueAmt>495</EOYBookValueAmt>
        <EOYFMVAmt>9469</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>REGENERON PHARMACEUTICALS INC</StockNm>
        <EOYBookValueAmt>3800201</EOYBookValueAmt>
        <EOYFMVAmt>9308749</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CATERPILLAR INC</StockNm>
        <EOYBookValueAmt>4633</EOYBookValueAmt>
        <EOYFMVAmt>8593</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ABBOTT LABRATORIES</StockNm>
        <EOYBookValueAmt>5716</EOYBookValueAmt>
        <EOYFMVAmt>5638</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERNATIONAL BUS MACH CORP</StockNm>
        <EOYBookValueAmt>4955</EOYBookValueAmt>
        <EOYFMVAmt>6517</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NETFLIX</StockNm>
        <EOYBookValueAmt>5584</EOYBookValueAmt>
        <EOYFMVAmt>5626</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>REPUBLIC SERVICES</StockNm>
        <EOYBookValueAmt>3918</EOYBookValueAmt>
        <EOYFMVAmt>4239</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VERTEX PHARMACEUTICALS INC</StockNm>
        <EOYBookValueAmt>6403</EOYBookValueAmt>
        <EOYFMVAmt>6800</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BOEING CO</StockNm>
        <EOYBookValueAmt>4616</EOYBookValueAmt>
        <EOYFMVAmt>5428</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BROADCOM INC COM</StockNm>
        <EOYBookValueAmt>6298</EOYBookValueAmt>
        <EOYFMVAmt>8653</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COINBASE GLOBAL INC CLASS A COMMON</StockNm>
        <EOYBookValueAmt>2274</EOYBookValueAmt>
        <EOYFMVAmt>1357</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DUTCH BROS INC CL A</StockNm>
        <EOYBookValueAmt>5825</EOYBookValueAmt>
        <EOYFMVAmt>5510</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MEDTRONIC PLC</StockNm>
        <EOYBookValueAmt>6875</EOYBookValueAmt>
        <EOYFMVAmt>7205</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NASDAQ INC COM STK</StockNm>
        <EOYBookValueAmt>5484</EOYBookValueAmt>
        <EOYFMVAmt>5828</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ROBINHOOD MKTS INC COM CL A</StockNm>
        <EOYBookValueAmt>2713</EOYBookValueAmt>
        <EOYFMVAmt>2262</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SHOPIFY INC COM NPV CL A ISIN</StockNm>
        <EOYBookValueAmt>2957</EOYBookValueAmt>
        <EOYFMVAmt>3219</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPOTIFY TECHNOLOGY S.A. COM EURO.000625</StockNm>
        <EOYBookValueAmt>2125</EOYBookValueAmt>
        <EOYFMVAmt>1742</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UBER TECHNOLOGIES IN COM</StockNm>
        <EOYBookValueAmt>5467</EOYBookValueAmt>
        <EOYFMVAmt>6128</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WALMART INC COM</StockNm>
        <EOYBookValueAmt>6219</EOYBookValueAmt>
        <EOYFMVAmt>7242</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3M CO</StockNm>
        <EOYBookValueAmt>4603</EOYBookValueAmt>
        <EOYFMVAmt>4803</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
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      <OtherExpensesScheduleGrp>
        <Desc>STATE FILING EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>35</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>35</DisbursementsCharitablePrpsAmt>
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    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>GRANT OF STOCK VALUED AT FMV (DIFFERENCE BETWEEN FMV AND BOOK VALUE)</Desc>
        <Amt>113571</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>NEUBERGER &amp; BERMAN BD LLC</CategoryTxt>
        <Amt>1463</Amt>
        <NetInvestmentIncomeAmt>1463</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FEDERAL NET INVESTMENT INCOME TAX</CategoryTxt>
        <Amt>9684</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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    </TaxesSchedule>
  </ReturnData>
</Return>
