﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" returnVersion="2023v5.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-11-13T11:21:07-05:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>464355158</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>MGV ASSOCIATES</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>382 HERCULES DR SUITE 6</AddressLine1Txt>
        <CityNm>COLCHESTER</CityNm>
        <StateAbbreviationCd>VT</StateAbbreviationCd>
        <ZIPCd>05446</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>030280402</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>KEAL FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>KEAL</BusinessNameControlTxt>
      <USAddress>
        <AddressLine1Txt>CO MGV 382 HERCULES DRIVE SUITE 6</AddressLine1Txt>
        <CityNm>COLCHESTER</CityNm>
        <StateAbbreviationCd>VT</StateAbbreviationCd>
        <ZIPCd>05446</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>EARL POTT</PersonNm>
      <PersonTitleTxt>OFFICER</PersonTitleTxt>
      <PhoneNum>8026553477</PhoneNum>
      <SignatureDt>2024-05-15</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Patrick Marchand</PreparerPersonNm>
      <PTIN>P01549125</PTIN>
      <PhoneNum>8026553477</PhoneNum>
      <PreparationDt>2024-11-13</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>412033</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>10173</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>10173</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>10173</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-4822</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>48785</GrossSalesPriceAmt>
        <TotalRevAndExpnssAmt>5351</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>10173</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>10173</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="STM108">675</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>675</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>675</AccountingFeesAdjNetIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="STM109">3904</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>3904</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesAdjNetIncmAmt>3904</OtherProfFeesAdjNetIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>4579</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>4579</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>4579</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>7500</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>7500</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>12079</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>4579</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>4579</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>7500</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-6728</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>5594</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>5594</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>1303</CashBOYAmt>
        <CashEOYAmt>1618</CashEOYAmt>
        <CashEOYFMVAmt>1618</CashEOYFMVAmt>
        <CorporateStockBOYAmt>372990</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="STM137">365945</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>410415</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>374293</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>367563</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>412033</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>374293</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>367563</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>374293</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>367563</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>374293</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>367563</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>374293</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-6728</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>367565</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="STM116">2</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>367563</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS INVESTMENT ACCOUNT</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-12-31</AcquiredDt>
          <SoldDt>2023-03-29</SoldDt>
          <GrossSalesPriceAmt>1688</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1712</CostOrOtherBasisAmt>
          <GainOrLossAmt>-24</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-24</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS INVESTMENT ACCOUNT</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-07-01</AcquiredDt>
          <SoldDt>2023-03-29</SoldDt>
          <GrossSalesPriceAmt>39572</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>44320</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4748</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4748</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS INVESTMENT ACCOUNT</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-07-01</AcquiredDt>
          <SoldDt>2023-07-27</SoldDt>
          <GrossSalesPriceAmt>7525</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7575</CostOrOtherBasisAmt>
          <GainOrLossAmt>-50</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-50</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-4822</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-24</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>78</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>78</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>78</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>186</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>186</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>108</OverpaymentAmt>
        <AppliedToESTaxAmt>108</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <IndividualWithBooksNm>MGV ASSOCIATES INC</IndividualWithBooksNm>
        <PhoneNum>8026553477</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>382 HERCULES DRIVE SUITE 6</AddressLine1Txt>
          <CityNm>COLCHESTER</CityNm>
          <StateAbbreviationCd>VT</StateAbbreviationCd>
          <ZIPCd>05446</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANDREW POTT</PersonNm>
          <USAddress>
            <AddressLine1Txt>CO MGV 382 HERCULES DRIVE SUITE 6</AddressLine1Txt>
            <CityNm>COLCHESTER</CityNm>
            <StateAbbreviationCd>VT</StateAbbreviationCd>
            <ZIPCd>05446</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LESLIE BERGERON</PersonNm>
          <USAddress>
            <AddressLine1Txt>CO MGV 382 HERCULES DRIVE SUITE 6</AddressLine1Txt>
            <CityNm>COLCHESTER</CityNm>
            <StateAbbreviationCd>VT</StateAbbreviationCd>
            <ZIPCd>05446</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>EARLL POTT</PersonNm>
          <USAddress>
            <AddressLine1Txt>CO MGV 382 HERCULES DRIVE SUITE 6</AddressLine1Txt>
            <CityNm>COLCHESTER</CityNm>
            <StateAbbreviationCd>VT</StateAbbreviationCd>
            <ZIPCd>05446</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KIM JEROME</PersonNm>
          <USAddress>
            <AddressLine1Txt>CO MGV 382 HERCULES DRIVE SUITE 6</AddressLine1Txt>
            <CityNm>COLCHESTER</CityNm>
            <StateAbbreviationCd>VT</StateAbbreviationCd>
            <ZIPCd>05446</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KIM MARIE BOWEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>CO MGV 382 HERCULES DRIVE SUITE 6</AddressLine1Txt>
            <CityNm>COLCHESTER</CityNm>
            <StateAbbreviationCd>VT</StateAbbreviationCd>
            <ZIPCd>05446</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>IN COMPLIANCE WITH ITS CHARITABLE PURPOSE THE FOUNDATION PROVIDED EDUCATIONAL SCHOLARSHIPS TO THREE INDIVIDUALS</Description1Txt>
        <Expenses1Amt>7500</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>32457</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>122</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>32579</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt referenceDocumentId="STM133">380000</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>32579</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>489</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>32090</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1605</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1605</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>78</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>78</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1527</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>1527</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>1527</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>7500</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>7500</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1527</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>9136</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>8877</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>7047</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>6697</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>10596</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>42353</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>7500</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>1527</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>5973</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>48326</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>9136</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>39190</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>8877</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>7047</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>6697</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>10596</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>5973</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NA</ContributingManagerNm>
        <ShareholderManagerNm>NA</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>KEAL FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 647</AddressLine1Txt>
            <CityNm>ORANGE</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22960</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5406729023</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>APPLICANTS SUBMIT AN APPLICATION FORM, A BRIEF STATMENT OF REASONS HE/SHE SHOULD RECIEVE A GRANT, AND A LIST OF HIGH SCHOOL ACTIVITIES</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>MARCH 31</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KAREN ST FLEUR</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>VIRGINIA COMMONWEALTH</AddressLine1Txt>
            <CityNm>RICHMOND</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>23284</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SEAN MICHAEL OWENS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>VIRGINIA STATE UNIVERSITY</AddressLine1Txt>
            <CityNm>RICHMOND</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>23284</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MORAYO AJIBULU</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>JOHN HOPKINS UNIVERSITY</AddressLine1Txt>
            <CityNm>BALTIMORE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21218</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>7500</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>10173</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>18</ExclusionCd>
        </OtherInvestmentIncomeGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>10173</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>10173</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="STM108">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING</CategoryTxt>
        <Amt>675</Amt>
        <NetInvestmentIncomeAmt>675</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>675</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="STM137">
      <InvestmentsCorporateStockGrp>
        <StockNm>MUTUAL FUNDS</StockNm>
        <EOYBookValueAmt>365945</EOYBookValueAmt>
        <EOYFMVAmt>410415</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherDecreasesSchedule documentId="STM116">
      <OtherDecreasesDetail>
        <Desc>ROUNDING</Desc>
        <Amt>2</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="STM109">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT FEES</CategoryTxt>
        <Amt>3904</Amt>
        <NetInvestmentIncomeAmt>3904</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3904</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <ReductionExplanationStatement documentId="STM133">
      <ShortExplanationTxt>FUNDS ARE REQUIRED TO CREATE ADEQUATE REVENUE TO MEET EXPENSES AND SCHOLARSHIP LEVELS.</ShortExplanationTxt>
    </ReductionExplanationStatement>
  </ReturnData>
</Return>