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      <Form990PartVIISectionAGrp>
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      <Form990PartVIISectionAGrp>
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        <ProgramServicesAmt>8743</ProgramServicesAmt>
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      <TravelGrp>
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      <FSAuditedInd>true</FSAuditedInd>
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      <AuditCommitteeInd>true</AuditCommitteeInd>
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          <State>RESTRICTED</State>
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      <GrassrootsNontaxableGrp>
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        <CurrentYearAmt>72000</CurrentYearAmt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE FOUNDATION IS CURRENTLY EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XI, LINE 2D</FormAndLineReferenceDesc>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XII, LINE 2D</FormAndLineReferenceDesc>
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        <EntertainmentEvent2Amt>25899</EntertainmentEvent2Amt>
        <OtherDirectExpensesEvent2Amt>1307</OtherDirectExpensesEvent2Amt>
        <GrossReceiptsTotalAmt>230067</GrossReceiptsTotalAmt>
        <GrossRevenueTotalEventsAmt>230067</GrossRevenueTotalEventsAmt>
        <RentFcltyCostsTotalEventsAmt>98291</RentFcltyCostsTotalEventsAmt>
        <FoodAndBeverageTotalEventsAmt>90489</FoodAndBeverageTotalEventsAmt>
        <EntertainmentTotalEventsAmt>56214</EntertainmentTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>2512</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>247506</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>-17439</NetIncomeSummaryAmt>
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    </IRS990ScheduleG>
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      <GrantRecordsMaintainedInd>false</GrantRecordsMaintainedInd>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>SCHOLARSHIPS</GrantTypeTxt>
        <CashGrantAmt>1621149</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE I, PAGE 4, PART IV</FormAndLineReferenceDesc>
        <ExplanationTxt>SCHOLARSHIPS PROVIDED TO PALM BEACH STATE COLLEGE STUDENTS. STUDENTS APPLY FOR FOUNDATION SCHOLARSHIPS THROUGH AN ONLINE APPLICATION. CRITERIA FOR EACH SCHOLARSHIP ARE DEFINED BY THE DONOR AND IS ENTERED INTO A COMPUTER SOFTWARE MODEL TO ENSURE ACCURACY IN MEETING DONOR REQUIREMENTS. APPLICATIONS ARE SEGREGATED INTO CANDIDATE POOLS BASED ON THE CRITERIA. SELECTION COMMITTEES CONSISTING OF PROGRAM FACULTY, FINANCIAL AID STAFF, AND PBSC FOUNDATION PERSONNEL MAKE THE FINAL DECISIONS. AWARDS ARE CREDITED TO STUDENTS' ACCOUNTS AT THE COLLEGE FOR OFFSET AGAINST TUITION AND FEES. NO DIRECT PAYMENTS ARE MADE TO STUDENTS.</ExplanationTxt>
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      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
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      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
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        <PersonNm>AVA L PARKER</PersonNm>
        <TitleTxt>PRESIDENT</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>493780</CompensationBasedOnRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>69000</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>32976</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>595756</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DAVID RUTHERFORD</PersonNm>
        <TitleTxt>CEO</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>214591</CompensationBasedOnRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>23971</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>238562</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE J, PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>PALM BEACH STATE COLLEGE FOUNDATION, INC. RELIED ON THE RELATED ORGANIZATION'S, PALM BEACH STATE COLLEGE, METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.</ExplanationTxt>
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      <WorksOfArtGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>2</ContributionCnt>
        <NoncashContributionsRptF990Amt>55000</NoncashContributionsRptF990Amt>
      </WorksOfArtGrp>
      <SecuritiesMiscellaneousGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>1</ContributionCnt>
        <NoncashContributionsRptF990Amt>10389</NoncashContributionsRptF990Amt>
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      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>BEQUEST</Desc>
        <ContributionCnt>1</ContributionCnt>
        <NoncashContributionsRptF990Amt>100000</NoncashContributionsRptF990Amt>
      </OtherNonCashContriTableGrp>
      <AnyPropertyThatMustBeHeldInd>false</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>true</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>false</ThirdPartiesUsedInd>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc9">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A DRAFT OF THE INFORMATION RETURN IS PROVIDED ELECTRONICALLY TO THE BOARD FOR REVIEW PRIOR TO FILING. WRITTEN COPIES ARE PROVIDED UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION ANNUALLY SENDS A COPY OF THE CONFLICT OF INTEREST TO ITS BOARD MEMBERS. ALL MEMBERS ARE TO REVIEW, DETAIL ANY POTENTIAL CONFLICTS, AND SIGN-OFF ON THE POLICY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>PAID IN ACCORDANCE WITH PALM BEACH STATE COLLEGE SALARY SCHEDULE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>PAID IN ACCORDANCE WITH PALM BEACH STATE COLLEGE SALARY SCHEDULE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990 IS TO BE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND IN WRITING UPON REQUEST. IN ADDITION, THE FORM 990 IS AVAILABLE ON VARIOUS PUBLIC WEBSITES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 24E</FormAndLineReferenceDesc>
        <ExplanationTxt>EDUCATIONAL MATERIALS &amp; S 287,408 45,599 0 ADMINISTRATIVE FEES 173,814 0 0 COMMUNITY RELATIONS 153,695 16,930 0 HOSPITALITY 124,707 0 0 FUNDRAISING EXPENSE 36,541 56,351 1,262 TRAINING AND RELATED FEES 41,380 0 0 CONTRACTED SERVICES 40,600 0 0 FACULTY STIPENDS 36,042 0 0 EMERGENCY ASSISTANCE FOR 35,835 0 0 OFFICE MATERIALS &amp; SUPPLI 32,400 0 0 CHANGE IN VALUE SPLIT INT 28,611 0 0 DONOR RECOGNITION 0 27,563 0 OTHER EXPENSES 14,023 9,465 0 ATHLETIC MATERIALS 22,488 0 0 FACILITIES - RENTALS 21,546 0 0 EQUIPMENT RENTALS 13,466 0 0 INSTITUTIONAL MEMBERSHIP 10,380 2,723 0 DUES &amp; SUBSCRIPTION PERIO 0 9,186 0 FUND RAISING HOSPITALITY 0 7,603 0 SOFTWARE TECHNICAL SUPPOR 6,742 0 0 UNIFORMS &amp; SHOES 2,699 0 0 AUTOMOBILE EXPENSES 0 682 0 LOCAL TELEPHONE/FAX SERVI 0 433 0 BANK SERVICE FEES 0 190 0 TOTAL 1,082,377 176,725 1,262</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>FUNDRAISING EXPENSES 247,506 DONATED SERVICES ADJUSTMENT -165,389 CHANGE IN VALUE OF SPLIT INTEREST -28,611 FUNDRAISING EXPENSES -247,506 DONATED SERVICES ADJUSTMENT 165,389 CHANGE IN VALUE OF SPLIT INTEREST 28,611</ExplanationTxt>
      </SupplementalInformationDetail>
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          <BusinessNameLine1Txt>PALM BEACH STATE COLLEGE</BusinessNameLine1Txt>
        </DisregardedEntityName>
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          <AddressLine1Txt>4200 CONGRESS AVENUE</AddressLine1Txt>
          <CityNm>LAKE WORTH</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>33461</ZIPCd>
        </USAddress>
        <EIN>591216000</EIN>
        <PrimaryActivitiesTxt>EDUCATION</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>FL</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501C3</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>2</PublicCharityStatusTxt>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>false</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>false</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>false</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>true</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>true</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>true</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
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          <BusinessNameLine1Txt>PALM BEACH STATE COLLEGE</BusinessNameLine1Txt>
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        <TransactionTypeTxt>N</TransactionTypeTxt>
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      </TransactionsRelatedOrgGrp>
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        <OtherOrganizationName>
          <BusinessNameLine1Txt>PALM BEACH STATE COLLEGE</BusinessNameLine1Txt>
        </OtherOrganizationName>
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        <OtherOrganizationName>
          <BusinessNameLine1Txt>PALM BEACH STATE COLLEGE</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>L</TransactionTypeTxt>
        <InvolvedAmt>230067</InvolvedAmt>
      </TransactionsRelatedOrgGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE R</FormAndLineReferenceDesc>
        <ExplanationTxt>THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO ENCOURAGE, SOLICIT, RECEIVE, AND ADMINISTER PHILANTHROPIC GIFTS FOR THE ADVANCEMENT OF PALM BEACH STATE COLLEGE AND ITS OBJECTIVES.</ExplanationTxt>
      </SupplementalInformationDetail>
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  </ReturnData>
</Return>