OMB No 1545-0052 Form 99Q•PF Return of Private Foundation or Section 4947 (a)(1) Nonexempt Charitable Trust Private Department of the Treasury Treated as a Foundation 2007 Internal Revenue Service Note The foundation maybe able to use a copy of this return to satisfy state reporting requirements For calendar year 2007 , or tax year beginning JULY 1 , 2007, and ending JUNE 30 , 2008 G Check all that apply. n Initial return n Final return n Amended return n Address change n Name chance Use the IRS Name of foundation A Employer identification number label. THE HAROLD & BLANCHE SCHECHTER FOUNDATION, INC. 11-3494145 Otherwise, Number and street (or P 0 box number if mail is not delivered to street address) Room/suite B Telephone number ( see page 10 of the instructions print or type. 2600 NOSTRAND AVE. City or town , state , and ZIP code See Specific C If exemption application is pending , check here q Instructions . ► , NY 11210 q D 1. Foreign organizations , check here ... ► H Check type of organization : Section 501(c)(3) exempt private foundation 2. Foreign organizations meeting the 85% test, q q Section 4947( a)(1) nonexempt chantable trust q Other taxable private foundation check here and attach computation .. ► E If private foundation status was terminated I Fair market value of all assets at end J Accounting method : [] Cash El Accrual q under section 507(bx1)(A), check here... ► year (from Part ll, col. (c), of q Other ( specify ) ------F If the foundation is in a 60-month termination q line 16) ► $ 1, 305, 415. (Part 1, column (d) must be on cash basts under section 507(b )( 1)(B), check here... ► Part I Analysis of Revenue and Expenses (The total of (a) Revenue and (d ) Disbursements (b) Net investment (c) Adjusted net amounts in columns (b), (c), and (d) may not necessanly equal expenses per for charitable income income purposes books the amounts in column (a) (see page 11 of the instructions)) (cash basis only)

I Contributions , gifts, grants , etc , received ( attach schedule) 729, 984 2 Check if the foundation is not required to attach Sch B 3 Interest on savings and temporary cash investments 16, 532. 16, 532. 4 Dividends and interest from securities 49,242. 49, 242. 5a Gross rents ...... b Net rental income or (loss) 6a Net gain or (loss ) from sale of assets not on line 10 (1,110.) d b Gross sales price for all assets on line 6a 115, 222 . > 7 Capital gain net income (from Part IV, line 2 )..... 43, 480. m 8 Net short-term capital gain ...... 9 Income modifications ...... 10a Gross sales less returns and allowances b Less : Cost of goods sold ..... c Gross profit or ( loss) ( attach schedule ) 0 . 0 . 11 Other income (attach schedule) ...... 36, 465. 35. Na 12 Total . Add lines 1 throu gh 11 ...... 831, 113. 109, 289. 0. cm O 13 Compensation of officers , directors , trustees , etc co to w 14 Other employee salaries and wages ...... C w 15 Pension plans, employee benefits ...... x 16a Legal fees ( attach schedule ) ...... y b Accounting fees ( attach schedule) ...... 7,250. 3, 625. 3, 615 . Cs2 c Other professional fees (attach schedule) .. U 17 Interest ...... M y 18 Taxes (attach schedule) (see page 14 of the instructions) . .. 4,000. '£ 19 Depreciation (attach schedule ) and depletion .... E)GE)Elq 20 Occupancy ...... -4 .a 21 Travel , conferences, and meetings ...... - 22 Punting and publications ...... c 23 Other expenses attach schedule ) 172. 86. 86. 24 Total operating and administrative expenses. W Add lines 13 through 23 ...... 11, 422. 3,711. 0. 3,711. r 25 Contributions, gifts, grants paid ...... 465, 542. 465, 542. 26 Total ex enses and disbursements . Add lines 24 and 25 476, 964 . 3,711. 0. 469,253. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements 354, 149. b Net investment income ( if negative , enter -0-) 105,578. c Adjusted net income ( if negative , enter -0-) .... For Privacy Act and Paperwork Reduction Act Notice, see page 30 of the instructions . Form 990-PF (2007) BKA WK7T FD6591-001 4 ^^ A q ^^ Form 990-PF (2007) Page 2 Attached schedules and amounts in the descnphon column Beginning of year End of year Part II Balance Sheets should be for end-of-year amounts only (See instructions) (a) Book Value (b) Book Value (c) Fair Market Value •1 Cash-non-interest-beanng ...... 162, 038. 166, 971. 166, 971. 2 Savings and temporary cash investments ...... 508, 319. 340, 408. 340, 408. 3 Accounts receivable ------► 0 . Less: allowance for doubtful accounts ► ------4 Pledges receivable ► ------Less: allowance for doubtful accounts ► ______0. 5 Grants receivable ...... 6 Receivables due from officers, directors, trustees, and other disqualified persons (attach schedule) (see the instructions) ..... 7 Other notes and loans receivable (attach schedule) ► ------0. Less- allowance for doubtful accounts ► ------to 8 Inventories for sale or use ...... 9 Prepaid expenses and deferred charges ...... 10a Investments-U S and state government obligations (attach schedule) b Investments-corporate stock (attach schedule) ...... 637, 697. 1, 148, 687. 780, 614.00 c Investments-corporate bonds (attach schedule) ...... 11 Investments-land, buildings, and equipment basis _ - _ _ _ Less- accumulated depreciation (attach schedule) ► ______0. 12 Investments-mortgage loans ...... 13 Investments-other (attach schedule) ...... 11,285. 17, 422. 17,422. 14 Land, buildings, and equipment. basis ► ------_------Less accumulated depreciation (attach schedule) ► ------0 Other (descnbe 15 assets ► ------16 Total assets (to be completed by all filers-see the instructions. Also, see page 1, item 1) ...... 1, 319, 339. 1, 673, 488. 1, 305, 415. 17 Accounts payable and accrued expenses ...... 18 Grants payable ...... d 19 Deferred revenue ...... 20 Loans from officers, directors, trustees, and other disqualified persons 21 Mortgages and other notes payable (attach schedule) ..... 20 22 Other liabilities (describe ) 23 Total liabilities (add lines 17 throug h 22 ) ...... 0. 0.

CDN Foundations that follow SFAS 117, check here ► and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted ...... 25 Temporarily restricted ...... 26 Permanently restricted ...... LLLL Foundations that do not follow SFAS 117, check here 10, and complete lines 27 through 31. 27 Capital stock, trust pnncipal, or current funds ...... 1, 319, 339. 1, 673, 488. 28 Paid-in or capital surplus, or land, bldg , and equipment fund u) 29 Retained earnings, accumulated income, endowment, or other funds 30 Total net assets or fund balances (see page 17 of the Z instructions) ...... 1, 319, 339. 1, 673, 488. 31 Total liabilities and net assetslfund balances (see page 17 of the instructions) ...... 1,319,339. 1,673,488. 1 Part 111 I Analysis of Changes in Net Assets or Fund Balances I Total net assets or fund balances at beginning of year-Part II, column ( a), line 30 ( must agree with end-of-year fig ure reported on pnor year's return ) 1 1, 319, 339. 2 Enter amount from Part I , line 27a ...... 2 354, 149. 3 Other increases not 3 included in line 2 ( itemize) ► ------4 Add lines 1, 2, and 3 ...... 673, 488. 5 Decreases not included in line 2 ( itemize ) ► ------5 6 Total net assets or fund balances at end of year (line 4 minus line 5)-Part II , column ( b), line 30 6 1, 67 3, 488. Form 990-PF (2007)

WKIT FD6591-002 4 Form 990-PF (2007) Page 3 Part IV Capital Gains and Losses for Tax on Investment Income (a) describe the kind ( s) of property sold (e g , real estate ( b) How acquired (c) acquired List and , P-Purchase Date (d) Date sold 2-story warehouse, or common stock , 200 shs MLC Co ) ( mo, day, yr) (mo day, brick D-Donation , yr ) 1a THRU WACHOVIA SECURITIES P VAR VAR b 2,000 SHS. CITIGROUP D VAR VAR c d e f) Depreciation allowed (g) or other h) Gain or (loss) Gross sales price ( Cost basis ( (e) (or allowable ) plus expense of sale ( e) plus (f) minus (g) a 26,383. 27,582. -1,199. b 88,839. 44,160. 44,679. c 0. d 0. e 0. Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (1) Gains (Col (h) ga in mi nus Adjusted basis ( col (k), but not less than -0-) or V as of 12/31/69 U ) k) Excess of col ( i) (i) F M as of 12/31/69 over col 0 ), if any Losses (from col (h)) a 0. -1,199. b 0. 44,679. C 0. 0. d 0. 0. e 0. 0. If gain , also enter in Part I, line 7 2 Capital gain net income or (net capital loss) If (loss), enter -0- In Part I, line 7 2 43, 480. 3 Net short-term capital gain or ( loss) as defined in sections 1222 ( 5) and (6): If gain , also enter in Part I, line 8, column ( c) (see the instructions). If (loss), enter -0- l In Part I, line 8 . J 3 PartV I Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income (For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.) If section 4940(d)(2) applies, leave this part blank. Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base penod? Yes X No If "Yes ," the foundation does not qualify under section 4940(e). Do not complete this part. I Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries. (a ) ( d ) Base period years Adjusted qualifying distributions Net value of noncharitable-use assets Distribution ratio Calendar year ( or tax year beginning in ) ( col (b) divided by col (c)) 2006 285,462. 1,223,739. 0.233270 2005 323,496. 1,098,087. 0.294600 2004 335,998. 970,327. 0.346273 2003 318,459. 1,067,306. 0.298376 2002 358,611. 1,082,030. 0.331424

2 Total of line 1, column (d) ...... 2 1.503943 3 Average distribution ratio for the 5-year base period-divide the total on line 2 by 5, or by the number of years the foundation has been in existence if less than 5 years ...... 3 0. 3007 90

4 Enter the net value of noncharitable-use assets for 2007 from Part X , line 5 ...... 4 1, 462,017.

5 Multiply line 4 by line 3 ...... 5 439, 760.

6 Enter 1% of net investment income (1% of Part I , line 27b) ...... 6 1,056.

7 Add lines 5 and 6 ...... 7 440, 816.

8 Enter Qualifying distributions from Part XII. line 4 8 469,253. If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions on page 18. Form 990-PF (2007)

VK7T FD6591-003 4 Form 990-PF (2007) 4 Part VI Excise Tax Based on Investment Income (Section 4940( a), 4940( b), 4940(e), or 4948-see pa ge 18 of the instructions) q 1 a Exempt operating foundations described in section 4940(d)(2), check here ► and enter "N/A" on line 1 * Date of ruling letter------( attach copy of ruling letter if necessary-see instructions) b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 1056 of line 27b here ► and enter 1% Part I, ...... c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b) 2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) 2 0. 3 Add lines 1 and 2 ...... 3 1,056. 4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only Others enter -0-) .. 4 0. 5 Tax based on investment income . Subtract line 4 from line 3. If zero or less, enter -0- ...... 5 1,056. 6 Credits/Payments: a 2007 estimated tax payments and 2006 overpayment credited to 2007 6a 4,141. _ b Exempt foreign organizations-tax withheld at source ...... 6b c Tax paid with application for extension of time to file (Form 8868) 6c 2,200. d Backup withholding erroneously withheld ...... 6d 7 Total credits and payments. Add lines 6a through 6d ...... 7 6,341. 8 Enter any penalty for underpayment of estimated tax. Check here q if Form 2220 is attached 8 9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed ...... ► 9 0. 10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ..... ► 10 5,285. 11 Enter the amount of line 10 to be. Credited to 2008 estimated tax ► 5, 2 8 5. Refunded ► 11 0. Part VII-A l Statements Regarding Activities Ia During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it Yes No participate or intervene in any political campaign? ...... is X b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of the instructions for definition )? ...... 1b x If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials published or distributed by the foundation in connection with the activities. c Did the foundation file Form 11 20-POL for this year? ...... 1c X d Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year: (1) On the foundation. ► $ (2) On foundation managers. ► $ e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation managers. ► $ 2 Has the foundation engaged in any activities that have not previously been reported to the IRS? ...... 2 X If "Yes," attach a detailed description of the activities. 3 Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of X incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes ...... 3 X 4a Did the foundation have unrelated business gross income of $1,000 or more during the year? ...... 4a b If "Yes," has it filed a tax return on Form 990-T for this year? ...... 4b X 5 Was there a liquidation, termination, dissolution, or substantial contraction during the year? ...... X If "Yes," attach the statement required by General Instruction T. 6 Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either: • By language in the governing instrument, or • By state legislation that effectively amends the governing instrument so that no mandatory directions that X conflict with the state law remain in the governing instrument? ...... 7 Did the foundation have at least $5,000 in assets at any time during the year? If "Yes,' complete Part II, col (c), and Part XV. X 8a Enter the states to which the foundation reports or with which it is registered (see page 19 of the instructions) ► b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General X (or designate) of each state as required by General Instruction G? If "No," attach explanation ...... 9 Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2007 or the taxable year beginning in 2007 (see instructions for Part XIV on page 27)? If "Yes, " complete Part XIV ...... X 10 Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names and addresses ...... 1101 X Form 990-PF (2007)

WK7T FD6591-009 4 Form 990-PF (2007) Page 5 Part VII-A I Statements Regarding Activities (continued) 11a 'At any time during the year, did the foundation , directly or indirectly, own a controlled entity within the meaning of section 512(b )(13)? If "Yes," attach schedule . ( see page 20 of the instructions) ...... 11a X b If "Yes," did the foundation have a binding written contract in effect on August 17, 2006, covering the interest, rents, royalties, and annuities described in the attachment for line 11a? ...... 11b N A 12 Did the foundation acquire a direct or indirect interest in any applicable insurance contract? ...... 12 X 13 Did the foundation comply with the public inspection requirements for its annual returns and exemption application? 13 X Website address ► _N/A------SCHECHTER 14 The books are in care of ► SAUL------Telephone no. NOSTRAND AVE. BROOKLYN, NY------Located at ------ZIP+4 ------15 Section 4947( a)(1) nonexempt chartable trusts filing Form 990-PF in lieu of Form 1041 -Check here q ...... ► and enter the amount of tax-exem pt interest received or accrued during the year ...... ► 15 Part VII-B Statements Regarding Activities for Which Form 4720 May Be Required File Form 4720 if any item is checked in the "Yes" column, unless an exception applies. Yes No Ia During the year did the foundation ( either directly or indirectly): (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ..... q Yes 0 No (2) Borrow money from , lend money to, or otherwise extend credit to (or accept it from) a disqualified person? ...... q Yes No (3) Furnish goods , services , or facilities to ( or accept them from ) a disqualified person ?.... q Yes No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? .... q Yes No (5) Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person )? ...... q Yes 0 No (6) Agree to pay money or property to a government official? ( Exception. Check "No" if the foundation agreed to make a grant to or to employ the official for a period after termination of government service , if terminating within 90 days .) ...... q Yes No b If any answer is "Yes " to 1a(1}{6 ), did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941 ( d)-3 or in a current notice regarding disaster assistance ( see page 22 of the instructions)? .. lb Organizations relying on current notice regarding q a disaster assistance check here ...... ► c Did the foundation engage in a prior year in any of the acts described in la, other than excepted acts, that - - were not corrected before the first day of the tax year beginning in 2007? ...... 1c 2 Taxes on failure to distribute income ( section 4942) (does not apply for years the foundation was a private operating foundation defined in section 49420 )(3) or 49420)(5)). a At the end of tax year 2007 , did the foundation have any undistributed income ( lines 6d and 6e, Part XIII ) for tax year( s) beginning before 2007? ...... q Yes No If "Yes," list the years ► 20 ------, 20 ------, 20 ------, 20 ------b Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets ) to the year's undistributed income? ( If applying section 4942(a)(2) to all years listed, answer " No" and attach statement-see page 22 of the instructions ) ...... 2b X c If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here. 20 20 20 ► 20 ------. ------, ------, ------3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? ...... 0 Yes q No b If "Yes ," did it have excess business holdings in 2007 as a result of ( 1) any purchase by the foundation or disqualified persons after May 26 , 1969 ; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943( c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10- , 15-, or 20-year first phase holding period ? (Use Schedule C, Form 4720, to determine if the foundation had excess business holdings in 2007.) ...... 3b X 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? 4a X b Did the foundation make any investment in a poor year ( but after December 31, 1969) that could jeopardize its chantable purpose that had not been removed from leopardv before the first day of the tax year beainnina in 2007?...... 4b X Form 990-PF -(2007)

WK7T FD6591-005 4 Form 990-PI-`(2007) Page 6 Part VII-13 Statements Regarding Activities for Which Form 4720 May Be Required (continued) 5a During the year did the foundation pay or incur any amount to: (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? .... q Yes 21 No (2) Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? ...... q Yes No (3) Provide a grant to an individual for travel, study, or other similar purposes?...... q Yes No (4) Provide a grant to an organization other than a chartable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)9 (see page 22 of the instructions) ..... q Yes No (5) Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? ... q Yes No b If any answer is "Yes" to 5a(1)-(5), did any of the transactions fail to qualify under the exceptio ns described in Regulations section 53 . 4945 or in a current notice regarding disaster assistance (see page 22 of the instructions)? 5b current notice regarding Organizations relying on a disaster assistance check here ...... ► c If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the tax because it maintained expenditure responsibility for the grant? ...... N./.I ...... q Yes q No If "Yes," attach the statement required by Regulations section 53.4945-5(d). 6a Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? ...... q Yes No b Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ...... 6b X If you answered "Yes" to 6b, also file Form 8870 7a At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? ..... El Yes 21 No b If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ...... 7b Part Vill Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees, and Contractors I List all officers, directors, trustees, foundation managers and their compensation (see page 23 of the instructions). (b) Title, and average (c) Compensation (d) Contributions to (a) Name and address (e) Expense account, hours per week ( If not paid, enter employee benefit plans other allowances devoted to position -0-) and deferred compensation SEE SCHEDULE ATTACHED ------0. ------0 . ------0.

------

2 Compensation of five highest- paid employees ( other than those included on line 1-see oaae 23 of the instructions). If none, enter "NONE."

( b) Title , and average (d) Contributions to (a) Name and address of each employee paid more than $50,000 hours per week (c) Compensation employee benefit (e) Expense account, devoted to position plans and deferred other allowances compensation NONE ------

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------

------

------

Total number of other employees paid over $50,000 ...... ► Form 990-PF (2007)

WK?T FD6591-006 4 Form 990-PF (2007) Page 7 Part VIII Information About Officers, Directors , Trustees, Foundation Managers , Highly Paid Employees, ' and Contractors (continued) 3 FiVe highest-paid independent contractors for professional services (see page 23 of the instructions ). If none , enter " NONE." (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation NONE

Total number of others receiving over $50,000 for professional services ...... ► ^ Part IX-A Summary of Direct Charitable Activities

the foundation 's four largest direct chantable activities during the tax year Include relevant statistical information such as the number List Expenses of organizations and other beneficiaries served , conferences convened , research papers produced, etc 1 N/A

2

3

4

Part IX-RI Summary of Proaram - Related Investments (see nape 24 of the instructinnsl Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2 Amount I N/A

2

All other program-related investments See page 24 of the instructions 3

0. Total . Add lines 1 throu g h 3 ...... ► Form 990-PF (2007)

WK7T FD6591-007 4 Form 990-PF Page 8 Part X Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see page 24 of the instructions.) I Fair market value of assets not used (or held for use) directly in carrying out chartable, etc., purposes: a Average monthly fair market value of secunties ...... 1a 873, 145. b Average of monthly cash balances ...... 1b 593,714. c Fair market value of all other assets (see page 25 of the instructions) ...... 1c 17, 422. d Total ( add lines la, b, and c ) ...... Id 1, 484, 281. e Reduction claimed for blockage or other factors reported on lines la and 1c (attach detailed explanation) ...... le 2 Acquisition indebtedness applicable to line 1 assets ...... 2 3 Subtract line 2 from line l d ...... 3 1, 484,281. 4 Cash deemed held for charitable activities . Enter 1 1/2% of line 3 (for greater amount, see page 25 of the instructions ) ...... 4 22,264. 5 Net value of noncharitable - use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 5 1,462,017. 6 Minimum investment return . Enter 5% of line 5 ...... 6 73 , 101. Part XI Distributable Amount (see page 25 of the instructions) (Section 49420 )(3) and 0)(5) private operating foundations and certain foreign organizations check here ► 11 and do not complete this part.) 1 Minimum investment return from Pan`. X, line 6 ...... 1 73, 101. 2a Tax on investment income for 2007 from Part VI, line 5 ...... 2a 1,056. b Income tax for 2007 . (This does not include the tax from Part VI.) ...... 2b _ c Add lines 2a and 2b ...... 2c 1,056. 3 Distributable amount before adjustments. Subtract line 2c from line 1 ...... 3 72, 045. 4 Recoveries of amounts treated as qualifying distributions ...... 4 5 Add lines 3 and 4 ...... , .. , . , .. 5 72,045. 6 Deduction from distributable amount (see page 25 of the instructions) ...... 6 7 Distributable amount as adjusted . Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...... 7 72,045. Part XII Qualifying Distributions (see page 26 of the instructions)

I Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: a Expenses, contributions, gifts, etc.-total from Part I, column (d), line 26 ...... 1a 469,253. b Program-related investments-total from Part IX-B ...... lb 0 2 Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc., purposes ...... 2 3 Amounts set aside for specific charitable projects that satisfy the: a Suitability test (prior IRS approval required ) ...... 3a b Cash distribution test (attach the required schedule ) ...... 3b 4 Qualifying distributions. Add lines la through 3b. Enter here and on Part V, line 8 , and Part XIII , line 4 ...... 4 469,253. 5 Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment income. Enter 1% of Part I , line 27b (see page 26 of the instructions) ...... 5 1, 0 5 6 . 6 Adjusted qualifying distributions . Subtract line 5 from line 4 ...... 6 4 68, 197. Note : The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for the section 4940(e) reduction of tax in those years. Form 990-PF (2007)

WK7T FD6591-008 4 Form 990-PF (2007) Page 9 Income (see

(a) (b) (o) (d) Corpus Years pnor to 2006 2006 2007 1 'Distributable amount for 2007 from Part XI, line 7 ...... 72,045. 2 Undistributed income , if any, as of the end of 2006- a Enter amount for 2006 only ...... b Total for prior years 20 ,20 ,20 3 Excess distributions carryover, if any, to 2007- a From 2002 ...... 309,234. b From 2003 ...... 269, 070. c From 2004 ...... 290,862. d From 2005 ...... 273, 499. e From 2006 ...... 227,987. f Total of lines 3a through e ...... 1, 370, 652. 4 Qualifying distributions for 2007 from Part XII, 469, 253. line 4: ► $ a Applied to 2006 , but not more than line 2a b Applied to undistributed income of prior years (Election required-see page 27 of the instructions) ...... c Treated as distributions out of corpus ( Election required-see page 27 of the instructions) .. . d Applied to 2007 distributable amount ..... 72, 045. e Remaining amount distributed out of corpus 397,208. 5 Excess distributions carryover applied to 2007 (If an amount appears in column (d), the same amount must be shown in column (a).) 6 Enter the net total of each column as indicated below: a Corpus Add lines 3f, 4c, and 4e . Subtract line 5 1,767,860. b Prior years' undistributed income . Subtract line 4b from line 2b ...... 0. c Enter the amount of prior years' undistributed income for which a notice of deficiency has been issued , or on which the section 4942 (a) tax has been previously assessed ...... d Subtract line 6c from line 6b . Taxable amount-see page 27 of the instructions .. . 0. e Undistributed income for 2006. Subtract line 4a from line 2a . Taxable amount-see page 27 of the instructions ...... 0. If Undistributed income for 2007 . Subtract lines 4d and 5 from line 1. This amount must be distributed in 2008 ...... 0. 7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b )( 1)(F) or 4942(g)(3) (see page 27 of the instructions ) ...... 8 Excess distributions carryover from 2002 not applied on line 5 or line 7 (see page 27 of the instructions ) ...... 309,234. 9 Excess distributions carryover to 2008. Subtract lines 7 and 8 from line 6a ...... 1,458,626. 10 Analysis of line 9: a Excess from 2003 ...... 269,070. b Excess from 2004 ...... 290, 862. c Excess from 2005 ...... 273, 499. d Excess from 2006 ...... 227, 987 . e Excess from 2007 .... 397,208. Form 990-PF (2007)

WK7T FD6591-009 4 Form 990-PO (2007 ) Page 10 Part XIV Private Operating Foundations (see page 27 of the instructions and Part VII-A, question 9) Fi I n 1a ' If the foundation has received a ruling or determination letter that it is a private operating foundation , and the ruling is effective for 2007 , enter the date of the ruling ...... ► b Check box to indicate whether the foundation is a private operating foundation described in section 4942 ())(3) or U 49420)(5) 2a the lesser of the Tax year Prior 3 years Enter ad) usted net (e) Total income from Part I or the minimum (a) 2007 ( b) 2006 (c) 2005 (d) 2004 investment return from Part X for each year listed ...... 0. b 85% of line 2a ...... 0. 0. 0. 0. 0. c Qualifying distributions from Part X1 I, line 4 for each year listed. 0. d Amounts included in line 2c not used directly for active conduct of exempt act vibes ... 0. e Qualifying distributions made directly for active conduct of exempt activities Subtract line 2d from line 2c...... 0. 0. 0. 0. 0. 3 Complete 3a, b, or c for the alternative test relied upon a "Assets" alternative test-enter (1) Value of all assets 0. (2) Value of assets qualifying under section 49420 X3)(BX4 0. b "Endowment' alternative test-enter 2/3 of minimum investment return shown in Part 0. X, line 6 for each year listed . c "Support" alternative test-enter (1) Total support other than gross investment income (i nterest, dividends , rents, pay ments on securities loans (section 512(a )( 5)), or royaltie s) ..... 0 (2) Support from general public and 5 or more exem pt organizations as provided in section 49420)(3)(B )(n1)..... 0. (3) Largest amount of support from an exempt organization..... 0. (4) Gross investment income... 0 Part XV Supplementary Information (Complete this part only if the foundation had $5,000 or more in assets at any time during the year-see page 28 of the instructions.) 1 Information Regarding Foundation Managers: a List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).) SAUL SCHECHTER, DOV SCHECHTER, BENJAMIN BRECHER, RICHARD SCHECHTER b List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the ownership of a partnership or other entity) of which the foundation has a 10% or greater interest. N/A 2 Information Regarding Contribution , Grant, Gift, Loan, Scholarship , etc., Programs: Check here 10' XD if the foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see page 28 of the instructions) to individuals or organ izations under other conditions, complete items 2a, b, c, a nd d. a The name, address, and telephone number of the person to whom applications should be addressed:

b The form in which applications should be submitted and information and materials they should include:

c Any submission deadlines:

d Any restnctions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other factors:

Form 990-PF (2007) WK7T FD6591-010 4 Form 990-PF (2007 ) Page 11 Part XV • Supplementary Information (continued) 3 . Grants and Contributions Paid During the Year or Approved for Future Payment If recipient is an individual , Foundation Recipient show any relationship to Purpose of grant or any foundation manager status of contribution Amount Name and address ( home or business) or substantial contributor recipient a Paid during the year SEE SCHEDULE ATTACHED SEE FOOTNOTE 465,542.

Total ...... ► 3a 465 , 542 . b Approved for future payment NONE 0.

Total ...... ► 3bl 0. Form 990-PF (2007) WK7T FD6591-011 4 Form 990-PF (2007) Page 12 Part XVI-A Analysis of Income-Producin g Activities Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e) Related or exempt (a) (b) (C) (d) function income Business code Amount Exclusion code Amount (See page 28 of 1 Program service revenue: the instructions ) a b c d e f g Fees and contracts from government agencies 2 Membership dues and assessments ...... 3 Interest on savings and temporary cash investments 14 16,532. 4 Dividends and interest from securities ...... 14 49,242. 5 Net rental income or ( loss) from real estate: a Debt-financed property ...... b Not debt-financed property ...... 6 Net rental income or (loss ) from personal property 7 Other investment income ...... 8 Gain or (loss) from sales of assets other than inventory 18 (1,110.) 9 Net income or (loss ) from special events ... , . . 10 Gross profit or (loss) from sales of inventory 11 Othar rPvPn"P- a ------721110 36,430. 16 0. b 16 35. C d e 12 Subtotal. Add columns ( b), (d), and (e) ...... 36, 430. 64, 699. 0. 13 Total . Add line 12, columns (b), (d), and (e) ...... 13 101, 129. (See worksheet in line 13 instructions on page 29 to verify calculation s. ) Part XVI-B Relationshi p of Activities to the Accomplishment of Exem pt Purposes Explain below how each activity for which income is reported in column ( e) of Part XVI-A contributed importantly to tine No. the accomplishment of the foundation ' s exempt purposes (other than by providing funds for such purposes). (See V page 29 of the instructions.) N/A

WK7T FD6591-012 4 Form 990-PF (2007) Page 13 Part XVII Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations I Did the organization directly or indirectly engage in any of the following with any other organization described Yes No in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations? a Transfers from the reporting foundation to a nonchantable exempt organization of: (1) Cash ...... 1a(1) X (2) Other assets ...... la(2) X b Other transactions: (1) Sales of assets to a nonchantable exempt organization ...... ob(i) X (2) Purchases of assets from a noncharitable exempt organization ...... lb(2) X (3) Rental of facilities, equipment, or other assets ...... I b( 3) X (4) Reimbursement arrangements ...... 1b(4) X (5) Loans or loan guarantees ...... Ib(s) X (6) Performance of services or membership or fundraising solicitations ...... 1b(6) X c Sharing of facilities, equipment, mailing lists, other assets, or paid employees ...... 1a X d If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received. (a) Line no (b) Amount involved (c) Name of nonchantable exempt organization (d) Description of transfers, transactions, and sharing arrangements N/A

2a Is the foundation directly or indirectly affiliated with , or related to, one or more tax-exempt organizations described in section 501(c ) of the Code (other than section 501(c )( 3)) or in section 527? ...... q Yes No b If "Yes ." complete the followina schedule. (a) Name of organization ( b) Type of organization ( c) Description of relationship NZA

Under penalties of u , I d ^that I have examined this return , including accompanying sche and statements . an to the best of my knowledge and belief, it is true , a nd prate aration of preparer (other than taxpayer or fiduciary ) is sadu n all information ich preparer has any knowledge /Ji Sign ature officer or trustee ate Title 0 Date Preparer's SSN or PTIN U) Check If ( See Signature on page 30 m C self- employed q of the instructions ) LM 'a ► e P s /2 ^,/I / &a g aL a d signature ^/Y/ T Firm ' s name ( or yours if M ys S^, F41 id EIN self-employed ), address, T and ZIP code Phone no Form 990-PF (2007)

.FIT FE6551-u13 1 Schedule B Schedule of Contributors OMB No 1545-0047 (Form 990 , 390-EZ, or 99Q-PF) Supplementary Information for line 1 of Form 990, 990-EZ, 990-PF (see instructions) Department of the Treasury and 2007 Internal Revenue Service Name of organization Employer identification number

THE HAROLD & BLANCH E SCHECHTER FOUNDA TION, INC. 11-3494145 Organization type (check one).

Filers of: Section:

Form 990 or 990-EZ q 501(c)( ) (enter number) organization

q 4947(a)(1) nonexempt chantable trust not treated as a private foundation

q 527 political organization

Form 990-PF 501( c)(3) exempt pnvate foundation

q 4947( a)(1) nonexempt chantable trust treated as a private foundation

q 501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule. (Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule-see instructions.)

General Rule-

For organizations filing Form 990, 990-EZ, or 990-PF that received, during the year, $5,000 or more (in money or property) from any one contributor. (Complete Parts I and II )

Special Rules-

F1 For a section 501(c)(3) organization filing Form 990, or Form 990-EZ, that met the 33'/3% support test of the regulations under sections 509(a)(1)/170(b)(1)(A)(vi), and received from any one contributor, during the year, a contribution of the greater of $5,000 or 2% of the amount on line 1 of these forms. (Complete Parts I and II.)

q For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year, aggregate contributions or bequests of more than $1,000 for use exclusively for religious, charitable, scientific, literary, or educational purposes, or the prevention of cruelty to children or animals. (Complete Parts I, II, and III.)

q For a section 501(c)(7), (8), or (10) organization filing Form 990, or Form 990-EZ, that received from any one contributor, during the year, some contributions for use exclusively for religious, charitable, etc., purposes, but these contributions did not aggregate to more than $1,000. (If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the Parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions of $5,000 or more during the year.) ...... ► $

Caution : Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-EZ, or 990-PF), but they must check the box in the heading of their Form 990, Form 990-EZ, or on line 2 of their Form 990-PF, to certify that they do not meet the filing requirements of Schedule B (Form 990, 990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions Schedule B (Form 990, 990-EZ, or 990-PF) (2007) for Form 990, Form 990-EZ, and Form 990-PF. BKA

WK7T Fr,i175-OOL 4 Schedule B (Form 990, 990-EZ. or 990-PF) (2007) 1 of 1 of Part I Name of organization Employer identification number THE-HAROLD & BLANCHE SCHECHTER FOUNDATION, INC. 11-3494145 Part I 1 Contributors (See Specific Instructions.)

(a) (b) (c) (d) No. Name, address , and ZIP + 4 Aggregate contributions Type of contribution

1 SAUL SCHECHTER Q 105 LAWRENCE AVE. Payyrollroll q LAWRENCE, NY 11559 $ 50,000. Noncash q (Complete Part II if there is a noncash contribution )

(a) (b) (c) (d) No. Name , address , and ZIP + 4 Aggregate contributions Type of contribution

2 BENJAMIN BRECHER 11 CONCORD DRIVE Payyrollroll q MONSEY, NY $ 10,274. Noncash q (Complete Part II if there is a noncash contribution )

(a) (b) (c) (d) No. Name , address , and ZIP + 4 Aggregate contributions Type of contribution

3 RICHARD SCHECHTER Person 4565 MERIDIAN AVE. Payroll q MIAMI BEACH, FL $ 55,510. Noncash q (Complete Part II if there is a noncash contribution )

(a) (b) (c) (d) No. Name, address , and ZIP + 4 Aggregate contributions Type of contribution

4 DOV SCHECHTER q Person 642 E. 8TH STREET Payroll q BROOKLYN, NY $ 581,145. Noncash (Complete Part II if there is a noncash contribution.)

(a) (b) (c) (d) No. Name, address , and ZIP + 4 Aggregate contributions Type of contribution

5 BENJAMIN BRECHER q 11 CONCORD DRIVE Payyrollroll q MONSEY, NY $ 33,055. Noncash (Complete Part II if there is a noncash contribution )

(a) (b) (c) (d) No. Name, address , and ZIP + 4 Aggregate contributions Type of contribution

Person q Payroll q $ Noncash q (Complete Part II if there is a noncash contribution )

Schedule B ( Form 990, 990-EZ , or 990- PF) (2007) F7T Fr-175-i 2 4 Schedule B (Form 990, 990-EZ, or 990-PF Page --- 1 of 1 of Part 11 Name of organization Employer identification number THE.HA ROLD & BLANCHE SCHECHTER FOUNDATION, INC. 11-3494 145 Part III: Noncash Property (See Specific Instructions.)

(a) No. (c) ( b) from FMV (or estimate) Description of noncash property given Date received Part I (see instructions)

11,344.6667 SHS. CITIGROUP 4 VAR $ 431,886.

( a) N o. fromf FMV (or estimate ) Description of noncash property given Date received Part I (see instructions)

3,300 SHS. JPMORGAN CHASE 4 VAR

$ 149, 259.

( fromf ( b) FMV (or estimate) (d) Description of noncash property given Date received Part I (see instructions)

1,000 SHS. HAIN CELESTIAL 5 VAR

$ 33,055.

(a) No. (c) from FMV (or estimate) Description of noncash property given Date received Part I (see instructions)

(a) No. from (b) FMV (or estimate) (d) Description of noncash property given Date received Part I (see instructions)

(a ) No. (b) M from F MV ( ons) Description of noncash property given see Date received Part I (se instructions)

Schedule B (Form 990, 990-EZ, or 990-PF) (2007) 1 7- -E,l t15-105 4 THE HAROLD & BLANCHE SCHECHTER FOUNDATION, INC. 11-3494145

CASH CONTRIBUTIONS OF $5.000 OR MORE INCLUDED ON PART I. LINE 1

CASH CONTRIBUTIONS DATE CONTRIBUTOR'S NAME CONTRIBUTOR 'S ADDRESS OF GIFT AMOUNT SHELLY SCHECHTER 105 LAWRENCE AVE VARIOUS 50,000 LAWRENCE, NY

BENJAMIN BRECHER 11 CONCORD DRIVE VARIOUS 10,274 MONSEY, NY

RICHARD SCHECHTER 4565 MERIDIAN AVE VARIOUS 55,510 MIAMI BEACH, FL 115,784

AMOUNT NON-CASH CONTRIBUTIONS 1) CONTRIBUTOR'S NAME CONTRIBUTOR 'S ADDRESS DOV SCHECHTER 642 E 8TH STREET BROOKLYN, NY

PROPERTY DESCRIPTION DATE OF GIFT FAIR MARKET VALUE SECURITIES VARIOUS 581,145 00 581,145 00

2) CONTRIBUTOR'S NAME CONTRIBUTOR 'S ADDRESS BENJAMIN BRECHER 11 CONCORD DRIVE MONSEY, NY

PROPERTY DESCRIPTION DATE OF GIFT FAIR MARKET VALUE SECURITIES VARIOUS 33,055 00 33,055 00 614,200

729,984

LIST OF SUBSTANTIAL CONTRIBUTORS PART VII-A. LINE 10

CONTRIBUTOR'S NAME CONTRIBUTOR'S ADDRESS SAUL SCHECHTER 105 LAWRENCE AVE. LAWRENCE, NY DOV SCHECHTER 642 E. 8TH STREET BROOKLYN, NY BENJAMIN BRECHER 11 CONCORD DRIVE MONSEY, NY RICHARD SCHECHTER 4565 MERIDIAN AVE. MIAMI BEACH, FL THE HAROLD & BLANCHE SCHECHTER FOUNDATION , INC. 11-3494145

OTHER INCOME PART 1 , LINE11

DESCRIPTION COLUMN (A) COLUMN (B ) ORDINARY INCOME FROM AVENTURA BEACH ASSOCIATES 36,430 0

INCOME FROM CARRIBEAN KOSHER TOURS 35 35 LLC THE HAROLD & BLANCHE SCHECHTER FOUNDATION, INC. 11-3494145

PROFESSIONAL FEES PART 1. LINE 16b

COLUMN COLUMN COLUMN COLUMN DESCRIPTION LCI UD TAX RETURN PREPARATION 7,250 3,625 - 3,625

TAXES PART 1. LINE 18

COLUMN COLUMN COLUMN COLUMN DESCRIPTION LA) FEDERAL EXCISE TAXES 4,000 - - -

OTHER EXPENSES PART 1. LINE 23

COLUMN COLUMN COLUMN COLUMN DESCRIPTION u LBJ LCI u BANK CHARGES 97 49 - 49 INVESTMENT FEES 75 38 - 38 OTHER DEDUCTIONS - - - - FILING FEES - - - - TOTAL 172 86 - 86 Harold & Blanche Schechter Foundation 11-3494145

INVESTMENTS - CORPORATE STOCK PG. 2. PART II . LINE 10B

DESCRIPTION BEGINNING ENDING THRU WACHOVIA SECURITIES 563,048 581,643 THRU SMITH BARNEY 0 492,395 MANULIFE FINANCIAL CORP. 74,649 74,649 637,697 1,148,687

INVESTMENTS-OTHER PG. 2. PART II, LINE 13

DESCRIPTION BEGINNING ENDING INVESTMENT IN AVENTURA 9,594 15,696 INVESTMENT IN CARRIBEAN 1,691 1,726 11,285 17,422 Harold & Blanche Schechter Foundation 11-3494145

Form 990PF, Part VIII-List of Officers, Directors, & Trustees Time Contributions Devoted Compen- to employee Expense Name & Address Title to position sation benefit plans Account Saul Schechter PRES. 5 Hr. None None None 105 Lawrence Ave. Lawrence, NY 11559

Benjamin Brecher V.P. 2 Hr. None None None 11 Concord Drive Monsey, NY

Dov Schechter TREAS. 1 Hr. None None None 642 E. 8th St. Brooklyn, NY

Richard Schechter V.P. 1 Hr. None None None 4565 Meridian Ave. Miami Beach, FL 33140

Grand Totals None None None i & Blanche Schechter Foundation 11-3494145

PART XV. SCHEDULE 3A.SUPP LE ME NTA RY IN FORMATION

AFO Bnot Torah Institute Brooklyn, NY 2,000 00 Beis Haknesses North Woodmere North Woodmere, NY 200.00 Beth Feige Inc Brooklyn , NY 3,000 00 Chesed L'Avraham Brooklyn , NY 1,800 00 Cong Levi Yitzchok Brooklyn, NY 100.00 Cong . Oholey Shem Brooklyn , NY 3,000 00 Emunah Brooklyn , NY 250.00 Ezrat Avot Brooklyn , NY 1,000.00 Friends of Zichron Meir Brooklyn , NY 380.00 Haskshiva Brooklyn , NY 180 00 Open House Brooklyn , NY 180 00 Keren Uziel Yechiel Brooklyn , NY 136 00 Kupas Ezra Keren Eznel Yechiel Brooklyn , NY 50 00 Mercaz Jerusalem Brooklyn , NY 13,000 00 Rabbi Chaim Berlin Brooklyn, NY 400 00 Mosdos Square Brooklyn , NY 636 00 Ner Israel Baltimore , MD 750 00 Ohel Avrohom Brooklyn , NY 200.00 Orthodox Union NY, NY 200 00 Sh'or Yoshuv Lawrence , NY 1,000.00 Tomchei Shabbos Brooklyn , NY 360.00 Torah Day School of Atlanta Atlanta , GA 2,50000 Yeshiva Chaim Berlin Brooklyn , NY 400 00 Yeshiva Darchei Torah Far Rockaway , NY 17, 000.00 Zev's Fund Cedarhurst, NY 250 00 Zichron Menachem Brooklyn , NY 1,725.00 A Time Monsey , NY 100 00 Afikim Brooklyn , NY 500.00 AFO Beer Chaim Yitzchok Brooklyn , NY 20000 AFO Kupah Hair Brooklyn, NY 75.00 AFO Ner Yaakov Brooklyn , NY 50 00 AFO Yeshiva Zichron Dovid Brooklyn , NY 100.00 Ahavas Torah Monsey , NY 1,500 00 Aim Va ' Hayeled Monsey, NY 50.00 American Friends ILH Monsey , NY 100 00 American Friends of B. Olam Monsey , NY 100.00 Areivim Monsey , NY 18000 Ateres Shimon Chesed Fund Monsey , NY 100.00 Ateres Yaakov Woodmere, NY 75 00 B Y of Queens , NY 180.00 Bats Shtfra Minam Monsey , NY 10000 Bats Yaakov Monsey , NY 50 00 Bats Yaakov School for Girls Monsey, NY 180.00 Bais Yaakov Sprang Valley Monsey, NY 7,250 00 Bats Yakov Monsey , NY 150.00 Bayana Institute Monsey, NY 100 00 Beth Medrash Ahavas Torah Monsey , NY 50 00 Beth Medrash L'torah V'horoah Monsey , NY 250.00 Beth Rochel Monsey , NY 14000 Beth Shraga Monsey , NY 100 00 Bikur Cholim Monsey , NY 150 00 Binyan Torah Monsey , NY 2,560.00 Bnos Bats Yaakov Far Rockaway , NY 7,200 00 Camp Scholarship Fund Brooklyn , NY 50.00 Chat Lifeline Brooklyn, NY 50 00 Chaim Berlin Brooklyn , NY 7,000.00 Chemdas Hatorah Monsey , NY 50 00 Chesed L'Avraham Brooklyn , NY 50 00 Cheshek Shlomo Brooklyn , NY 1,000.00 Chicago Community Chicago , IL 500.00 Children's Aid Fund Brooklyn , NY 50.00 Cong . Anshei Fallsburg Fallsburg , NY 50 00 Cong Bats Levy Monsey, NY 200.00 Congregation Chaye Olam Monsey , NY 50 00 Davis Memorial Fund Lawrence, NY 2,000.00 Dr H Rosenbaum Memorial Fund Monsey , NY 6,00000 Ezer L'Bochnm Monsey, NY 72 00 Ezras Moshe Monsey , NY 300 00 Ezrat Yisroel Monsey , NY 50 00 Gateways Brooklyn , NY 50.00 1/4 i &.Blanche Schechter Foundation 11-3494145

PART XV. SCHEDU LE 3A.SUPPLEMENTAR Y INFORMATION

Gaynor School Monsey, NY 1,000 00 Hamayan Monsey, NY 180 00 Hazinu Brooklyn, NY 50 00 JEP of Rockland Monsey, NY 50.00 Kahal Ahavas Torah Monsey, NY 500 00 Kehilas HaGra Monsey, NY 180 00 Keren HaChesed Brooklyn, NY 550 00 Keren Hair Monsey, NY 50 00 Keren Hakollel Monsey, NY 100 00 Keren Hashmita Monsey, NY 360 00 Keren Hashviis NY, NY 10000 Keren Orah Brooklyn, NY 100 00 Keren Yeshua Vyisroel Monsey, NY 360 00 Knesseth Israel of Slobodka Monsey, NY 100 00 Kollel Avreichim of Monsey Monsey, NY 50 00 Kollel Boker-YDT Far Rockaway, NY 100 00 Kollel Pischei Shearim Monsey, NY 75 00 Kollel Toldos Moshe Yitzchok Monsey, NY 100 00 Kupas Ezra Monsey, NY 50 00 Lakewood Cheder Lakewood, NJ 150 00 Lev L'Achim Brooklyn, NY 100 00 Machon Beis Yaakov Brooklyn, NY 554 00 Machon Tiferes Bachunm Monsey, NY 150 00 Meiros Einayim Monsey, NY 50 00 Menucha U'Kedusha Monsey, NY 50 00 Meor Yitzchok Monsey, NY 7,25400 Merkaz Habris Monsey, NY 75.00 Mesivta of Long Beach Long Beach, NY 5,000 00 Mikva of Rockland County Monsey, NY 100.00 Mishmeres Hashalom Monsey, NY 250 00 Mosdos Chasidei Modgitz Monsey, NY 100.00 Naava Monsey, NY 50 00 Nachlas Bais Yaakov Monsey, NY 4,000.00 Nechoms Yisroel Brooklyn, NY 1,000 00 Nefesh Monsey, NY 100.00 Nishei VaChesed Monsey, NY 1,000.00 Ohlei Torah Monsey, NY 50 00 Ohr Meir & Bracha Brooklyn, NY 610 00 Ohr Sameach Monsey, NY 50 00 Ohr Shalom Monsey, NY 100 00 Ohr Yosef Monsey, NY 500 00 Project Extreme Brooklyn, NY 1,500.00 Ramot Torah Schools Monsey, NY 50 00 Satmar Binyan Torah Monsey, NY 750 00 Shaarei Arazim Monsey, NY 1,000 00 Shaarey Yosher Monsey, NY 150 00 Shema Monsey, NY 50 00 Shema Yisroel Monsey, NY 180 00 Shuvu Brooklyn, NY 1.000 00 Such Yitzchok Far Rockaway, NY 27,360 00 Special Ezra Funds Monsey, NY 50.00 Tashbar Brooklyn, NY 150 00 Tel Talpios Monsey, NY 500 00 Tiferet Israel Monsey, NY 75 00 Tiferet Mordechai Monsey, NY 75 00 Torah Center of Hillcrest Hillcrest, NY 50 00 Torah Institute of Baltimore Baltimore, MD 8,98000 Torah U'mesorah Brooklyn, NY 360 00 Tzedaka V'Chesed Brooklyn, NY 902.00 Usher Reuven Chanty Fund Monsey, NY 100.00 Warm the Body Monsey, NY 5000 Yad Batya L'Kallah Brooklyn, NY 50.00 Yad Eliezer Brooklyn, NY 100.00 Yeshiva Bais Binyamin Monsey, NY 100.00 Yeshiva Bais Yochanan Shraga Monsey, NY 180.00 Yeshiva Beis Binyomin Monsey, NY 50.00 Yeshiva Darchei Torah Far Rockaway, NY 2,000.00 Yeshiva Gedola of S. Monsey Monsey, NY 50.00 Yeshiva Hatalmud Monsey, NY 50.00 Yeshiva Lev Shlomo Monsey, NY 100.00 2/4 i & Blanche Schechter Foundation 11-3494145

PART XV. SCHEDULE 3A.SUPPLEMENTARY INFORMATION

Yeshiva Mekor Chaim Monsey, NY 180 00 Yeshiva Mishna Torah Monsey, NY 150 00 Yeshiva Moreshes Yerushalyim Monsey, NY 50 00 Far Rockaway, NY 50 00 Yeshiva of Mkor Chaim Monsey, NY 50 00 Yeshiva of Waterbury Waterbury, CT 650 00 Yeshiva Toras Chaim Monsey, NY 50 00 Yeshiva Zichron Yaakov Monsey, NY 75.00 Aish HaKodesh Monsey, NY 2,000 00 Yeshivas Ohr Reuvain Monsey, NY 50 00 YUSSR Monsey, NY 50 00 Zichron Dovid Monsey, NY 200.00 AFO Ingra Brooklyn, NY 100 00 AFO Kupat hair Brooklyn, NY 180 00 AFO of Beis Brooklyn, NY 120.00 Agudath Israel of America Brooklyn, NY 720.00 Aliyos Shlomo Brooklyn, NY 125 00 Arachim Brooklyn, NY 540 00 Bais Vaad Ha'aretz Brooklyn, NY 100 00 Bais Yaakov of 18th Ave. Brooklyn, NY 1,500.00 BMG Lakewood, NJ 2,18000 BMG of Israel Brooklyn, NY 500.00 Caring & Sharing Brooklyn, NY 100 00 Chayim V'chesed Brooklyn, NY 100 00 Chevra Lomdei Torah Brooklyn, NY 100.00 Chicago Community Kollel Brooklyn, NY 50,000.00 Chinuch Shel Yeled Brooklyn, NY 100 00 CLT Brooklyn, NY 200.00 Cong. Ahavas Tzedaka V'Chesed Brooklyn, NY 60,000 00 Cong. Beth Ann Emergency Aid Fund Brooklyn, NY 100 00 Cong Darchei Teshuva Brooklyn, NY 1,660.00 Cong Emunas Yisroel Brooklyn, NY 1,000 00 Cong. Keren Orah Brooklyn, NY 20,340.00 Cong. Lev Someach Brooklyn, NY 250.00 Cong. Ohel Yonah Brooklyn, NY 100 00 Cong Supporters of Torah Brooklyn, NY 42,160 00 Cong Kadosh V'Tahor Brooklyn, NY 360.00 Emergency Aid Fund Brooklyn, NY 29000 Emunah of America Brooklyn, NY 250 00 Ezra Lemarpeh Brooklyn, NY 100.00 Ezras Torah Brooklyn, NY 108 00 Fnends of Ingen Hatalmud Brooklyn, NY 80.00 Gemach Chasdei Yitzchok Brooklyn, NY 100 00 Gemach Eliezer Yitzchok Brooklyn, NY 250 00 Hamaayan Institute Brooklyn, NY 120 00 Irgun Chinuch Torah Brooklyn, NY 100.00 Keren Hashviis Brooklyn, NY 150.00 Keren Simchos Brooklyn, NY 100 00 Keren Yitzchok Brooklyn, NY 150.00 Keren Zichron Gedalyahu Brooklyn, NY 1,850 00 KKYMFF Brooklyn, NY 1,500 00 Kollel of Greater Boston, MA 200.00 Kollel Ohel Chaim Brooklyn, NY 120.00 Kollel Ohel Torah Brooklyn, NY 200.00 Kollel Zichron Avrham Brooklyn, NY 3,000.00 Kollel Zichron Shneur Brooklyn, NY 150 00 Kupat Hair Brooklyn, NY 100.00 Lev L'Achim Brooklyn, NY 180.00 Masbia Brooklyn, NY 200 00 Matnas Michoel Brooklyn, NY 400 00 Mesivta Shalom Brooklyn, NY 1,000 00 Mikva of Kensington Brooklyn, NY 1,500.00 Minyan Avreichim Brooklyn, NY 100 00 Mirer Yeshiva Brooklyn, NY 2,300.00 Mosdos Spinka Brooklyn, NY 150 00 Nechomos Yisroel Brooklyn, NY 6,250 00 Orchos Cheshek Brooklyn, NY 100 00 Project Raanan Brooklyn, NY 360 00 Ptach Brooklyn, NY 360 00 Ramot Torah Schools Brooklyn, NY 360 00 3/4 J & Blanche Schechter Foundation 11-3494145

P ART XV. SCHEDULE 3A. SUPPLEMENTARY IN FORMATION

Relief Resources Brooklyn , NY 100 00 SGCF Brooklyn, NY 100 00 Shaare Torah Brooklyn , NY 3,000.00 Shaarei Chaim Bayonne , NJ 100 00 Shalom Torah Centers Lakewood , NJ 5,220 00 Shalshels Bais Yaakov Brooklyn , NY 150 00 Shor Yoshuv Lawrence , NY 250 00 Shuvu Brooklyn , NY 77, 000.00 Brooklyn, NY 1,000 00 Special Ezra fund Brooklyn , NY 700 00 Stam Gemach Brooklyn , NY 350 00 Studen Aid fund Brooklyn , NY 150 00 The Phoenix Kollel Brooklyn , NY 200.00 Tiferet Mordechai Shlomo Brooklyn , NY 300 00 Torah Academy of Brooklyn Brooklyn , NY 100 00 Tzedaka V'Chesed Brooklyn, NY 825 00 Vaad Harabanim Brooklyn , NY 100 00 Vaad L'Hachnossas Orchim Brooklyn , NY 250 00 Yaad Harabarnm Brooklyn, NY 240.00 Yad L'achim Brooklyn , NY 100 00 Yeshiva Ahavas Torah Brooklyn, NY 180 00 Yeshiva Bais Dovid Brooklyn , NY 700 00 Yeshiva Chaim Berlin Brooklyn , NY 300.00 Yeshiva Darchei Torah Far Rockaway , NY 500 00 Yeshiva Gedolai Yisroel Brooklyn , NY 100 00 Yeshiva Ketana of Bensonhurst Brooklyn, NY 300 00 Yeshiva Mishne Torah Brooklyn, NY 150.00 Yeshiva Moreshes Yehoshua Brooklyn , NY 610 00 Yeshiva of Bayonne Bayonne , NJ 180 00 Yeshiva of Meon Hatorah Brooklyn , NY 500.00 Yeshiva of Waterbury Waterbury, CT 180 00 Yeshiva Ohr Hameir Brooklyn , NY 360 00 Yeshiva Tal Torah Brooklyn , NY 500.00 Yeshiva Torah Vodaas Brooklyn , NY 360 00 Yeshiva Ziv Hatorah Brooklyn , NY 150 00 Zev's Fund Cedarhurst, NY 500 00 Zichron Leib Brooklyn , NY 100.00 Zichron Moshe Brooklyn , NY 100 00

TOTAL 465,542

4/4 FOOTNOTES

SUPPLEMENTARY INFORMATION 990-PF , PART XV, LINE 3(A)

PURPOSE OF CONTRIBUTIONS PAID DURING THE YEAR: THE PURPOSE OF THESE CONTRIBUTIONS IS TO AID THE DONEE ORGANIZATIONS IN CARRYING OUT THEIR EXEMPT FUNCTIONS. Form 8868' (Rev 4-2008) Page 2 • If you are filing for an Additional ( Not Automatic) 3-Month Extension , complete only Part II and check this box , Iii. Note . Only complete Part II if you have already been granted an automatic 3-month extension on a previously filed Form 8868 • If you are filing for an Automatic 3-Month Extension , complete only Part I (on page 1) Part II Additional ( Not Automatic) 3-Month Extension of Time. You must file original and one copy. Type or Name of Exempt Organization Employer identification number print THE HAROLD & BLANCHE SCHECHTEP FOUNDATION, INC. 11-3494145 File by the Number, street, and room or suite no if a P 0 box, see instructions For IRS use only extended 2600 NOSTRAND AVE. due date for filing the City, town or post office, state , and ZIP code. For a foreign address, see instructions return See instructions BROOKLYN, NY 11210 Check type of return to be filed (File a separate application for each return): q Form 990 Q Form 990-PF q Form 1041-A q Form 6069 q Form 990-BL q Form 990-T (sec. 401(a) or 408( a) trust) q Form 4720 q Form 8870 n F orm 990-EZ q Form 990-T (trust other than above) q Form 5227 STOP ! Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868. MR_ SAUL SCHECHTER *The books are in the care of ► ------3386900 Telephone _(719) FAX No. PP. ------q • If the organization does not have an office or place of business in the United States, check this box ...... ► • If this is for a Group Return, enter the organization 's four digit Group Exemption Number (GEN) If this is q . q for the whole group , check this box . .... ► If it is for part of the group , check this box.. . . ► and attach a list with the names and EINs of all members the extension is for. 4 I request an additional 3-month extension of time until MAY 15 120.09. 5 For calendar year ------, or other tax year beginning JULY 1 .20-0-7-, and ending JUNE 30 2008- 6 If this tax year is for less than 12 months , check reason: q Initial return q Final return q Change in accounting period 7 State in detail why you need the extension ALL THE NECESSARY INFORMATION REQUIRED TO FILE A COMPLETE AND ACCURATE RETURN IS NOT YET AVAILABLE.

------8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any nonrefundable credits. See instructions. $ 3,000. b If this application is for Form 990-PF, 990-T, 4720, or 6069, enter any refundable credits and estimated tax payments made. Include any prior year overpayment allowed as a credit and any amount paid previously with Form 8868. $ 4,000. c Balance Due. Subtract line 8b from line 8a. Include your payment with this form, or, if required, deposit with FTD coupon or. if required, by using EFTPS (Electronic Federal Tax Payment System) See Instructions $ 0. Signature and Verification Under penalties of perjury . I declare that I have examined this form , including accompanying schedules and statements , and to the best of my knowledge and belief, i t is true , correct, and cand that I am thonzed to prepare this form

Signature ► V Title ► CPA Date ► 0 2/13/2009 Form 8868 (Rev 4-2008)

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