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          <PersonNm>LISA R LUPIN</PersonNm>
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            <AddressLine1Txt>6025 ANNUNCIATION STREET</AddressLine1Txt>
            <CityNm>NEW ORLEANS</CityNm>
            <StateAbbreviationCd>LA</StateAbbreviationCd>
            <ZIPCd>70118</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>4500</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>NANCY LUPIN</PersonNm>
          <USAddress>
            <AddressLine1Txt>160 E 84TH STREET APT 12B</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10023</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>4500</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>L TIMOTHY LUPIN</PersonNm>
          <USAddress>
            <AddressLine1Txt>535 ARABELLA STREET</AddressLine1Txt>
            <CityNm>NEW ORLEANS</CityNm>
            <StateAbbreviationCd>LA</StateAbbreviationCd>
            <ZIPCd>70115</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>4500</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANDREW LUPIN</PersonNm>
          <USAddress>
            <AddressLine1Txt>214 SAINT JOHNS PLACE 4</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11217</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>3750</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>23499034</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>253746</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>23752780</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>23752780</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>356292</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>23396488</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1169824</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1169824</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>16437</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>16437</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1153387</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>1153387</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>1153387</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>1103381</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>1103381</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1153387</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr1Amt>153413</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>153413</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1103381</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>1103381</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>50006</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>50006</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>103407</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>103407</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear1Amt>103407</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>LUPIN FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>234 METAIRIE ROAD</AddressLine1Txt>
            <CityNm>METAIRIE</CityNm>
            <StateAbbreviationCd>LA</StateAbbreviationCd>
            <ZIPCd>70005</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5048490518</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>AN OUTLINE OF THE PROPOSED USE OF GRANTS</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>See attached schedule</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>See Attached Schedule</AddressLine1Txt>
            <CityNm>Various</CityNm>
            <StateAbbreviationCd>LA</StateAbbreviationCd>
            <ZIPCd>70005</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>See attached schedule</GrantOrContributionPurposeTxt>
          <Amt>947000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>947000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>14120</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>308767</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>1108189</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>322887</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>1108189</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1431076</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <AccountingFeesDetail>
        <CategoryTxt>Stern Associates</CategoryTxt>
        <Amt>42000</Amt>
        <NetInvestmentIncomeAmt>10234</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>31766</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <DepreciationPropertyGrp>
        <PropertyDesc>Building</PropertyDesc>
        <AcquiredDt>2004-09-10</AcquiredDt>
        <CostOrOtherBasisAmt>420216</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>279499</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0364</Rt>
        <CurrentYearExpenseAmt>15279</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Improvements</PropertyDesc>
        <AcquiredDt>2004-11-01</AcquiredDt>
        <CostOrOtherBasisAmt>21032</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>13866</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0364</Rt>
        <CurrentYearExpenseAmt>765</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Improvements</PropertyDesc>
        <AcquiredDt>2005-06-14</AcquiredDt>
        <CostOrOtherBasisAmt>9062</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5777</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <Rt>0.0364</Rt>
        <CurrentYearExpenseAmt>329</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <InvestmentsCorporateStockGrp>
        <StockNm>MARKETABLE SECURITIES</StockNm>
        <EOYBookValueAmt>10441887</EOYBookValueAmt>
        <EOYFMVAmt>24918987</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <LandEtcGrp>
        <CategoryOrItemTxt>Furniture and Fixtures</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>101993</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>101993</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>43614</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>43614</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Buildings</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>420217</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>294778</AccumulatedDepreciationAmt>
        <BookValueAmt>125439</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Improvements</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>30095</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>20737</AccumulatedDepreciationAmt>
        <BookValueAmt>9358</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <LegalFeesGrp>
        <CategoryTxt>KING KREBS</CategoryTxt>
        <LegalFeesAmt>14350</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>14350</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherExpensesScheduleGrp>
        <Desc>Bank Charges</Desc>
        <RevenueAndExpensesPerBooksAmt>496</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>248</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>248</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>27473</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>13871</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>13872</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>4801</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>959</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3842</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Repairs &amp; Maintenance</Desc>
        <RevenueAndExpensesPerBooksAmt>6953</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1540</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5413</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Subscriptions</Desc>
        <RevenueAndExpensesPerBooksAmt>4628</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>652</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3976</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Telephone</Desc>
        <RevenueAndExpensesPerBooksAmt>4249</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1485</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2764</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Utilities</Desc>
        <RevenueAndExpensesPerBooksAmt>5001</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1102</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3899</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Brokers</CategoryTxt>
        <Amt>57162</Amt>
        <NetInvestmentIncomeAmt>57162</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <TaxesDetail>
        <CategoryTxt>Foreign Tax</CategoryTxt>
        <Amt>3678</Amt>
        <NetInvestmentIncomeAmt>3678</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Payroll Taxes</CategoryTxt>
        <Amt>13538</Amt>
        <DisbursementsCharitablePrpsAmt>13538</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
