OMB NO. 1545-0052 Form 990-PF Return of Private Foundation or Section 4947(a)(1) Nonexempt Charitable Trust DepartmentoftheTn^sury Treated as a Private Foundation Internal Revenue Service 00 Note: The foundation may be able to use a copy of this return to satisfy state reporting requirements. 2 6 For calendar year, 2006 , or tax year beginning , and ending

Name of foundation mployer identification number Use the IRS TENSION ATTACH label. Otherwise , HE ADJMI-DWEK FAMILY FOUNDATION, INC. 13-3782816 print Number and shed (or P 0 box number if mail Is not delivered to street address) f mrs^^te g Telephone number ortype . 16TH 212-629_9600 /O ELI SERUYA, 500 SEVENTH AVENUE J V V V See Specific City or town , state, and ZIP code C If exemption applicationplacation .s pending, check hen: • O Instructions . ► EW YORK , NY 10 018 0 1 . Foreign organizations , check here Q 2. Foreign on,1za1dt1 mea p the e5% test,-.- ► ^ H Check typ e of or9anization X Section 501 (c)(3) exempt Private foundation here an attach computation -- . . Q Section 4947(a)(1) nonexempt charitable trust 0 Other taxable private foundation E If private fou ndati on status was te rminated I Fair market value of all assets at end of year J Accounting method : Cash 0 Accrual under section 507(b)(1)(A), check here . (from Part 11, col. (c), line 16) 0 Other (specify) F If the foundation is in a 60-month termination Part 1, column (cq must be on cash basis.) ► $ 17 , 824 . ( under section 507 (b)( 1 6 , check here . ► Analysis of Revenue and Expenses (a) Revenue and (b) Net investment (c) Adjusted net (d) Disbursements (The total of amounts in columns (b), (c), and (d) may not for charitable purposes necessanty equal the amounts in column (a)) expenses per books income income r-ti h-1. ....nn 1 Contributions, gifts, grants, etc , received 3 , 529,000.

2 Check ► Q If the foundation is not required to attach sch. e Interest on savings and temporary 3 cash Investments 4 Dividends and interest from securities ..... 5a Gross rents ..- , . b Net rental Income or Boss)

ID 6a Net gain or loss) from sale of assets not on line 10 - -. 7 Gross sales price for all C b assets on line 6a ------

m 7 Capital gain net Income (from Part IV, line 2) . - 0. 8 Net short-term capital gain -- 9 Income modifications ...... O Gross sales less returns C i 1 Oa and allowances . - t b Less Cost of goods sold ... c Gross profit or (loss) 11 Other income ---• ...... 12 Total. Add lines 1 throuh11 .. . 13 Compensation of officers, directors, trustees, et 0. 0. ir 14 Other employee salaries and wages...... 15 Pension plans, employee benefits ...... U) 16a Legal fees. . .. . a b Accounting fees ...... HIVED M VUMRA^ W c Other professional fees .... Ins - ese 532 17 Interest ...... 18 Taxes ...... M 19 Depreciation and depletion ...... ' 20 Occupancy ...... < 21 Travel, conferences, and meetings ...... W 22 Printing and publications ...... 0 23 Other expenses ...... STMT 1 146. 0. 0. Lo 24 Total operating and administrative ea expenses . Add lines 13 through 23 ...... 146. 0. 0. 0 25 Contributions, gifts, grants paid 3 , 5 6 6 3 7 3 . 3,566 373. 26 Total expenses and disbursements. Add lines 24 and 25 ...... 3 , 566 , 519. 0. 3 566 373. 27 Subtract line 26 from line 12: a Excess of revenue over expenses and disbursements ... <37, 5 19 . b Net Investment Income Of negative, enter -0-)...... •- :- 0. c Adjusted net Income (if negative, enter -o-) - ... - A LHA For Privacy Act and Paperwork Reduction Act Notice , see the Instructions. Form 990-PF (2006) 623501 01-29-07 1 11341015 797696 4CK19A 2006 . 06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 Form 990-PF(2006) THE ADJMI-DWEK FAMILY FOUNDATION. INC. 13-3782816 Panel F f Balance Sheets "saxdunsa„damau,istr, m,dcs scn Beginning of year End of year en6vPp_zr ,many (a) Book Value (b) Book Value (c) Fair Market Valueue 1 Cash - non-interest-bearing ...... 55, 343. 17,824. 17,824. 2 Savings. and temporary cash investments 3 Accounts receivable ► Less : allowance for doubtful accounts ► 4 Pledges receivable ► Less : allowance for doubtful accounts ► 5 Grants receivable -•- - 6 Receivables due from officers , directors . trustees , anrt other disqualified persons ..... -

7 other notes and loans; racdtable ...... ► Less - allowance for doubtful accounts ► 8 Inventories for sale or use ...... • 9 Prepaid expenses and deferred charges ...... y 10a Investments - U.S. and state government obligations ...... __ b Investments - corporate stock ...... • ... c Investments - corporate bonds ...

11 Imesbreity - land buildups, and equipment basis -- ► Le= atcvmulated depieaabon ...... 12 Investments - mortgage loans ...... 13 Investments - other •. - - ••.., .•.• 14 Land , buildings, and equipment: basis ► Less acc rmWW daDreaa4on

15 Other assets (describe ► )

16 Total assets to be completed by all filers 55 , 343. 17 , 824. 17 , 824. 17 Accounts payable and accrued expenses ...... 18 Grants payable ...... w 19 Deferred revenue ......

20 Loans from officers, directors, trustees, and other disqualified persons ...... - 21 Mortgages and other notes payable _' 22 Other liabilities (describe ►

23 Total Ilabilftles (add lines 17 throug h 22) ...... 0. 0. Foundations that follow SFAS 117 , check here ► and complete lines 24 through 26 and lines 30 and 31. 24 Unrestricted ...... m 25 Temporarily restricted ...... M 26 Permanently restricted ...... C Foundations that do not follow SFAS 117, check here ► []X LL and complete lines 27 through 31. 27 Capital stock, trust principal , or current funds ------0. 0 . 28 Paid-in or capital surplus , or land, bldg., and equipment fund .....• .... 0. 0 . 29 Retained earnings, accumulated income , endowment, or other funds 55 , 343. 17 , 824 . z 30 Total net assets or fund balances ...... 55 , 343. 17,824 .

31 Total liabilities and net assets/fu nd balances ...... 55 , 343. 17 , 824 . Analysis of Changes in Net Assets or Fund Balances

1 Total net assets or fund balances at beginning of year - Part II, column (a), line 30 (must agree with end -of-year figure reported on prior year's return) .. •• 55.343. 2 Enter amount from Part 1, line 27a ...... <37,519. > 3 Other increases not included in line 2 (itemize) ► 0. 4 Add lines 1 , 2, and 3 ...... 17,824. 5 Decreases not included in line 2 (itemize) ► 0. 6 Total net assets or fund balances at end of year (line 4 minus line 5) - Part II, column (b), line 30 ...... 17.824. Form 990-PF (2006) 623511 03-08-07 2 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 Form990-PF 2006) THE ADJMI-DWEK FAMILY FOUNDATION , INC. 13-3782816 Page 3 F_ f1f I Capital Gains and Losses for Tax on Investment Income (a) List and describe ttie kind ( s)'of property sold (e g., real estate, (b How acquired (c) Date acquired (d) Date sold ' Purch ase 2-story brick warehouse, or common stock, 200 shs . MLC CO.) D - Donationoe (mo., day, yr.) (mo , day, yr) 1a b NONE C d e Depreciation allowed (g) Cost or other basis (h) Gain or (e) Gross sales price (f) (loss) (or allowable ) plus expense of sale (e) plus (f) minus (g) a b C d e Complete only for assets showing gain in column (h) and owned by the foundation on 12/31 /69 (I) Gains (Col. (h) gain minus le or (j) Adjusted basis (k) Excess of col. (i) col . (k), but ss th an (I) F M.V. as of 12/31/69 as of 12/31/69 over col. (j), if any k not(from col. ())(h )) a b C d e

If ain, also enter in Part I, line 7 2 Capital gain net income or (net capital loss). If (loss), enter -0- in Part 1 . line 7 / ...... • •• . • 2 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) If (loss), enter -0- in Part I, line 8 „ ...... -. -- -- .. ------3 V 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 period ? ...... E1 Yes E1 No If'Yes'the foundation does not qualify under section 4940 (e). Do not complete this part 1 Enter the appropriate amount in each column for each year, see instructions before making any entries. 1 (4) Base years (b) (c) Distribution ratio Calendar year orperiodtax year beginning Adjusted qualifying distributions Net value of noncharitable-use assets (col. (b) divided by col. (c)) 2005 8 , 717 , 193. 28 r 012. 311.194952 2004 4 , 436 , 195. 106 296. 41.734355 2003 2 r 597 , 554. 10,677. 243.285005 2002 2,243 812. 1,907. 1,176.618773 2001 1 , 944 , 910. 843. 2 , 307.129300

2 Total of line 1 , column (d) ...... 2 4,079.962385 3 Average distribution ratio for the 5-year base period - divide the total on line 2 by S . or by the number of years the foundation has been in existence it less than 5 years ...... 3 815 .992477

4 Enter the net value of nonchantable -use assets for 2006 from Part X, line 5 ...... 4 36,035.

5 Multiply line 4 by line 3 ...... 5 2 9 4 0 4 2 8 9.

6 Enter 1 % of net investment income (1% of Part I, line 27b) ...... _..... 5 0.

7 Addlines5and6 ...... 7 29 , 404 , 289.

8 Enter qualifying distributions from Part XII, line 4 ...... 8 3 , 566 , 373. If line 8 is equal to or greater than line 7, check the box in Part VI, line 1 b, and complete that part using a 1 % tax rate. See the Part VI instructions. 62=11M-29-07 Form 990-PF (2006) 3 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A_1 Form 990-PF (2006) THE ADJMI-DWEK FAMILY FOUNDATION, INC. 13-3782 816 Paae 4 . tit VU Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948 - see instructions) la Exempt operating foundations described in section 4940(d)(2), check here ► L1 and enter "WA" 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 here ► 0 and enter 1 % 1 0 . of Part I, line 27b 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 0 . 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 v . 6 Credits/Payments. a 2006 estimated tax payments and 2005 overpayment credited to 2006 ...... 6a 50 b Exempt foreign organizations - tax withheld at source ...... 6b c Tax paid with application for extension of time to file (Form 8868). . 6c if Backup withholding erroneously withheld - ...... 6d 7 Total credits and payments. Add lines 6a through 6d ...... 7 50. 8 Enter any penalty for underpayment of estimated tax. Check here 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 10 Overpayment . If line 7 is more than the total of lines 5 and 8, enter the amount overpaid ► 10 50. 11 Enter the amount of line 10 to be: Credited to 2007 estimated tax ► 5 0 Refunded ► 11 0. PartVUU-A Statements Regarding Activities 1a During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in Yes No any political campaign? ...... - la X b Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see instructions for definition)? lb X If the answer is "Yes" to 1 a or 1 b, 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 1120-POL for this year? ...... 1 c X if Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year: 0. (1) On the foundation. ► $ (2) On foundation managers. ► $ 0. e Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed on foundation managers. ► $ 0. 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 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 X b If 'Yes; has it filed a tax return on Form 990-T for this year? •..- ---••••••••• •••••••••• ••••••• •••- -- •• - -- N/A •• 4b ••••••...... 5 Was there a liquidation, termination, dissolution, or substantial .....contraction during the year? ...... • ...... -- ...... 5 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 conflict with the state law remain in the governing instrument? ...... 6 X 7 Did the foundation have at least $5,000 in assets at any time during the year? ...... 7 X If 'Yes,' complete Part//, col. (c), and Part XV. 8a Enter the states to which the foundation reports or with which it is registered (see instructions) ► NY b If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state as required by General Instruction G? If "No," attach explanation ...... Sb X 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 2006 or the taxable year beginning in 2006 (see instructions for Part XIV)? If "Yes," complete Part X/V ...... 9 X 0 Did any persons become substantial contributors during the tax year? if -Yes. , attach a schedule listing their names and addresses - 10 X Form 990-PF (2006)

623531 01-29-07 4 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A_1 Form 990-PF (2006) THE ADJMI-DWEK FAMILY FOUNDATION , INC. 13-3782816 Page5 # 'tVH . 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 instructions) . •..., ...... 11 a 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? . -- • •...- N/A . 11b 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 N/A Web site address ► MR 14 The books are in care of ► . JOSEPH DWEK Telephone 212-629-9600 Located at r SVV CLV K,JA L ll AV1L\ V L, 161 11 FL, LYLVI XO K, NY 'cIPt4 ^ l^^lv 15 Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 - Check here ...... • --- ► 0 N/A and enter the amount of tax-exem pt interest received or accrued during the year ► 15 VH 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. 1 a 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? ...... 0 Yes 0 No (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? ...... - .... Yes OX No (3) Furnish goods , services , or facilities to (or accept them from) a disqualified person? ..--..------...... EJ Yes EKI No (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ...... E-1 Yes [X 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 )? .. • [] Yes [X 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.) ...... ED Yes EKI No b If any answer is 'Yes'to 1a(l)-(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 )? ...... N/A - Organizations relying on a current notice regarding disaster assistance check here ...... ► ci 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 2006 ? ...... • ...... - X 2 Taxes on failure to distribute income (section 4942 ) (does not apply for years the foundation was a private operating foundation defined in section 4942(j)(3) or 4942 (j)(5)): a At the end of tax year 2006 , did the foundation have any undistributed income (lines 6d and 6e, Part XIII) for tax year(s) beginning before 2006? . -- ...... ED Yes EX No If 'Yes,* list the years ► 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 instructions .) ...... N/A c if the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a , list the years here.

3a Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? .....• Q Yes [ No b If 'Yes; did it have excess business holdings in 2006 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 2006.) ...... N/A.. 4a Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes ? ...... X b Did the foundation make any investment in a prior year (but after December 31, 1969 ) that could jeopardize its charitable purpose that ...... -- 14b I I X Form 990-PF (2006)

623541 01-29-07 5 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 THE ADJMI-DWEK FAMILY FOUNDATION , INC. 13-3782816 VII-B 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))?...... 0 Yes E1 No (2) Influence the outcome of any specific public election (see section 4955 ); or to carry on , directly or indirectly, any voter registratidn drive ? ...... 0 Yes I1 No (3) Provide a grant to an individual for travel, study, or other similar purposes? ...... LI Yes E1 No (4) Provide a grant to an organization other than a charitable , etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? ...... 0 Yes 0 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? ...... [] Yes 0 No b If any answer is "Yes'to 5a ( 1)-(5), did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ...... -- N/A. . 5b Organizations relying on a current notice regarding disaster assistance check here ...... Q 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/A.. Yes 0 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? ...... E::) 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 ? ,- - - - 0 Yes OX No b if yes , did the foundation receive an proceeds or have any net income attributable to the transaction? N/A 7b Directors, Trustees, Foundation Managers, Highly Pi PoatiEmpl oyeesAbo, andcers,Contractors 1 List all officers. directors. trustees. foundation managers and their compensation. (b) Title, and average (c) Compensation (d)cwwbutonsro (e) Expense (a) Name and address hours per week devoted (If not paid , and dftmV^"^ account, other to position enter -0-) on allowances JOSEPH DWEK DIRECTOR 1817 EAST 5TH STREET , NY 11223 2.00 0. 0. 0. TERRY DWEK IRECTOR 1817 EAST 5TH STREET BROOKLYN , NY 11223 2.00 0. 0. 0.

7 cmmnPnsailan ar five nianest-nain emniovees lotner man incise mciuaea on line ii_ it none- enter °NONh_^ (b) Title and average (^^^ (e) Expense (a) Name and address of each employee paid more than $50,000 hours per week (c) Compensation accouernt,oth devoted to position on allowances NONE

Total number of other employees paid over $50,000 U Form 990-PF (2006)

623551 01-29-07 6 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 Form 990-PF (2006) THE ADJMI-DWEK FAMILY FOUNDATION, INC. 13-3782816 Page 7 Information Abput Officers, Directors, Trustees, Foundation Managers, Highly t[I Paid Employees , and Contractors Continued 3 Five highest-paid independent contractors for professional services. 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 receivin g over $50,000 for professional services ...... ► 0 I part .A I Summary of Direct Charitable Activities List the foundation's four largest direct chartable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened , research papers produced, etc. Expenses 1 N/A

2

3

4

PM IX-8 I Summa of Program-Related Investments Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount 1 N/A

2

All other program-related investments . See instructions. 3

Total. Add lines through 3 1 ...... -- -• -- ...... ► 0. Form 990-PF (2006)

623561 01-28-07 7 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A_1 Form 990-PF (2006) THE ADJMI-DWEK FAMILY FOUNDATION, INC. 13-3782816 Page8

`art X Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

1 Fair market value of assets not used (or held for use) directly in carrying out charitable , etc., purposes: a Average monthly fair market value of securities ...... •- 1 a b Average of monthly cash balances ...... 1 b 3 6 5 8 4 . c Fair market value of all other assets ...... 1 c d Total (add lines la, b, and c) ...... l d 36,584. e Reduction claimed for blockage or other factors reported on lines la and Ic (attach detailed explanation) ...... le 0. . 2 ina bt ed__ 2 n^yncquis'tonwmuvu w ueu iew iea_sa apN-__ u^__ broi_ to li ne •I assets ...... - .. -- -• - - - L V 3 Subtract line 2 from line ld ...... 3 36,584. 4 Cash deemed held for charitable activities Enter 1 1/2% of line 3 (for greater amount , see instructions ) ...... 4 549 . 5 Net value of noncharitable -use assets . Subtract line 4 from line 3. Enter here and on Part V, line 4 .-- •• -•-. 5 36 , 035 . 6 Minimum Investment return . Enter 5% of line 5 5 1 802 . i Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here ► Q and do not complete this part ) 1 Minimum investment return from Part X, line 6 ...... 1 1 8 0 2 . 2a Tax on investment income for 2006 from Part VI, line 5 ...... 2a b income tax for 2006 . (This does not include the tax from Part VI .) . •...... 2b c Add lines 2a and 2b ...... 2c 0. 3 Distributable amount before adjustments . Subtract line 2c from line 1 ••- •• ...... 3 1 , 8 0 2 . 4 Recoveries of amounts treated as qualifying distributions.- ...... 4 0 . 5 Add lines 3 and 4 •- -- .... 5 1 , 802 . 6 Deduction from distributable amount (see instructions) ...... 6 0 . 7 Distributable amount as adjusted Subtract line 6 from line 5. Enter here and on Part XIII, line 1 7 1 , 802 . Part Qualifying Distributions (see instructions)

1 Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes: a Expenses , contributions , gifts, etc . - total from Part I, column (d), line 26 ...... la 3,566 , 373. b Program-related investments - total from Part IX-8 • • .... -- ...... 1 b 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 3 , 566 , 373. 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 ...... 5 0 6 Adjusted qualifying distributions . Subtract line 5 from line 4 ...... • 6 3 , 566 , 373. 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 (2006)

623571 01-29-07 8 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A_1 Form 990-PF (2006) THE ADJMI-DWEK FAMILY FOUNDATION, INC. 13-3782816 Page9 dl`t p1 Undistributed Income (see instructions)

(a) (b) (c) (d) • Corpus Years prior to 2005 2005 2006 1 Distributable amount for 2006 from Part XI, line 7 1,802. 2 Undistributed Income, if any, as of the end of 2005 a Enter amount for 2005 only 0. 1 b Total for prior years: 0- 3 Excess distributions ca rryover, if any, to 2006: aFrom 2001 - 1 , 944,868. . b From 2002 - -- 2 , 243,717. cFrom2003 ...... 2,597 , 020. dFrom2004 4 430, 880. e From 2005 8 , 715 , 792. f Total of lines 3a throug h a 19 , 9 32 , 2 7 7 . 4 Qualifying distributions for 2006 from Part Xll,line 4: 00'$ 3 , 566 , 373. a Applied to 2005, but not more than line 2a 0. b Applied to undistributed income of prior years (Election required - see instructions) 0- c Treated as distributions out of corpus (Election required - see instructions) 0 d Applied to 2006 distributable amount ... -- 1,802. e Remaining amount distributed out of corpus 3,564 , 571. 5 Excess distributions carryover applied to 2006 0. 0. Qf an amount appears In column (d), the same amount must be shown In column (4) 6 Enter the net total of each column as Indicated below:

a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 ,,, 2 3 , 4 9 6 8 4 8 . 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 ...... 0. d Subtract line 6c from line 6b. Taxable amount - see instructions ...... 0- e Undistributed income for 2005. Subtract line 4a from line 2a. Taxable amount - see instr... 0. f Undistributed income for 2006. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2007 ...... 0. 7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(E) or 4942(8)(3) ------0. 8 Excess distributions carryover from 2001 not applied on line 5 or line 7 ... ------.. 1,944 , 868. 9 Excess distributions carryover to 2007. Subtract lines 7 and 8 from line 6a ---- . --- 21 , 551,980 . 10 Analysis of line 9: a Excess from 2002 ... 2 2 4 3 , 717. , b Excess from 2003 ... 2 , 597 , 020. ' c Excess from 2004 4 , 430 r 880- III Excess from 2005. 8 , 715 , 792 . e Excess from 2006. 3 r 564 , 571. - ...... Form 990-PF (2006) 623581 01-29-07 9 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 Form990-PF 2006 THE ADJMI-DWEK FAMILY FOUNDATION , INC. 13-3782816 Page10 art XIV Private Operating Foun(lations (see instructions and Part VII-A. question 9) N/A 1 a If the foundation has received a ruling or determination letter that it is a private operating foundation, and the ruling is effective for 2006, enter the date of the ruling ...... b Check box tb indicate.whether the foundation is a private o eratm foundation described in section ... 4942 (j)( 3) or 0 4942(j)(5) 2 a Enter the lesser of the adjusted net Tax year Prior 3 years income from Part I or the minimum (a) 2006 (b) 2005 (c) 2004 (d) 2003 (e) Total investment return from Part X for each year listed ...... b 85% of line 2a ...... c Qualifying distributions from Part XII, line 4 for each year listed ...... it Amounts included in line 2c not used directly for active conduct of exempt activities ...... e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c 3 Complete 3a , b, or c for the alternative test relied upon. a Assets' alternative test - enter: (1) Value of all assets ... (2) Value of assets qualifying under section 4942(j)(3)(B)(i) b Endowment' alternative test - enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed ... .. _... ,.. c Support' alternative test - enter: (1) Total support other than gross investment income (interest, dividends , rents, payments on securities loans (section 512(a)(5)), or royalties) ..... (2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) (3) Largest amount of support from an exempt organization .. _ . _ 4 Gross investment income ... . # ICY 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).) NONE 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.

2 Information Regarding Contribution , Grant, Gift, Loan, Scholarship, etc., Programs: Check here 10- El 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 instructions ) to individuals or organizations under other conditions , complete items 2a , b, c, and d. a The name , address, and telephone number of the person to whom applications should be addressed:

SEE STATEMENT 2 b The form in which applications should be submitted and information and materials they should include:

c Any submission deadlines:

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

623so1J01-29-07 Form 990-PF (2006) 10 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 Form 990-PF (2006) THE ADJMI-DWEK FAMILY FOUNDATION, INC. 1 3-37 82816 Pagell 1 # XV ] Supplementary Information (continued) 3 Grants and Contributions Paid During the Year or Anoroved for Future Payment Recipient If recipient is an individual, show any relationship to Foundation Purpose of grant or Amount Name and address ( home or business) any foundation manager status of contribution or substantial contributor recipient a Paid during the year

UBLIC SEE ATTACHED /A HARITIES ENERAL FUND 3,566,373.

Total ...... ------► 3a 3 , 5 6 6 , 373. b Approved for future payment

NONE

Total 3b 1 0. ► 623611m01'29-07 Form 990-PF (2006) 11 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 Form 990-PF (2006) THE ADJMI-DWEK FAMILY FOUNDATION, INC. 13-3782 816 Page 12 Pa XV A Analysis of hicome=Producing Activities

Enter g ross amounts unless otherwise indicated . unreiatea ousmess income Excluded section 512513, or514 (e) (a) (b) d „_ (d ) Related or exempt Business Amount function 1 Program service revenue: code See Amount income 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 ...... 4 Dividends and interest from securities ...... 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 ...... 9 Net income or (loss) from special events ...... 10 Gross profit or (loss) from sales of inventory ...... 11 Other revenue a b c d e 12 Subtotal. Add columns (b), (d), and (e) 0 . 0. 1 0. 13 Total. Add line 12, columns (b), (d), and (e) ...... „ ...... _._ 13 0. (See worksheet in line 13 instructions to verify calculations.) i X1d 4 Relationship of Activities to the Accomplishment of Exempt Purposes

01-29-07 Form 990-PF (2006) 12 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 Form 990-PF (2006) THE ADJMI-DWEK FAMILY FOUNDATION, INC. 13-3782 816 Page 13 LNA)qtC Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of Yes [ N( 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 noncharitable exempt organization of (1) Cash ...... la (l ) X (2) Other assets .- ... to 2 X b Other transactions. (1) Sales of assets to a nonchantable exempt organization ...... - 1b 1 X (2) Purchases of assets from a noncharable exempt organization ...... lb(2 )1 X (3) Rental of facilities , equipment , or other assets ...... lb(3) X (4) Reimbursement arrangements ...... lb(4 ) X (5) Loans or loan guarantees . .. 1b(5) (6) Performance of services or membership or fundraising solicitations ...- . - • - • • 1 b(6) c Sharing of facilities, equipment , mailing lists, other assets, or paid employees ...... , 1 e 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

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? ...... 0 Yes ® No b If'Yes complete the following schedule. (a) Name of organization (b) Type of organization (c) Description of relationship N/A

Under penalties of perjury, I declare that I have examined this return, Including accompanying schedules and statements, and to the best of my knowledge and belief, It Is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) Is based on all Information of which pneparer has any knowledge.

Signature of officer or trustee repare ignatur j M &QQ R'"''s"ame(ayo" MAHONEY COHEN & COMPAN aM Itsdf-aVlow.d). klI,1065 AVENUE OF THE AME adttesandZIPcom , NY 10 018

623622 01-29-07

11341015 797696 4CK19A 2006.0601 Schedule B Schedule Contributors of OMB No 1545-00 (Form 990, 990-EZ, 47 or 990-PF) Supplementary Information for Departrnent of the Treasury line 1 of Form 990, 990-EZ, and 990-PF (see instructions) Internal Revenue Service 2006 Name of organization ' I Employer identification number

THE ADJMI-DWEK FAMILY FOUNDATION, INC. 1 13-3782816 Organization type (check one):

Filers of. Section:

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

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

527 political organization

Form 990-PF 0 501(c)(3) exempt private foundation

0 4947(a)(1) nonexempt charitable trust treated as a private foundation

0 501(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-

For a section 501 (c)(3) organization filing Form 990, or Form 990-EZ, that met the 33 1/3% 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.)

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.)

El 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.) ...... IN" $

Caution: Organizations that are not covered by the General Rule and/or the Special Rules do not file Schedule B (Form 990, 990-E7, or 990-Pn, 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).

LHA For Paperwork Reduction Act Notice, see the Instructions Schedule B (Farm 990 , 990-EZ , or 990-PF) (2006) for Form 990, Form 990-EZ, and Form 990-PF.

623451 03.19-07 14 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 Schedule B (Form 990, 99( Page 1 of 1 c Name of organization Employer Identification number

THE ADJMI-DWEK FAMILY FOUNDATION, INC. I 13-3782816

Part I * Contributor's (See Specific Instructions.)

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

1 JOSEPH DWEK Person X Payroll U 1817 EAST 5TH STREET $ 1, 674, 000 . Noncash Q (Complete Part II if there NEW YORK, NY 11223 is a noncash contribution.)

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

2 SISTER SISTER INC. Person X Payroll 500 SEVENTH AVENUE, 16TH FL $ 320,000. Noncash El (Complete Part II if there NEW YORK, NY 10 018 is a noncash contribution.)

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

3 SPORTS PRODUCTS OF AMERICA, LLC Person [R Payroll Q 500 SEVENTH AVENUE, 16TH FL $ 1,535,000. Noncash j (Complete Part II if there NEW YORK, NY 10018 is a noncash contribution.)

(a) (b) (c) (CO 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.)

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

Person [Ti Payroll Q $ Noncash Q (Complete Part II It 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.) e234e2 01 -18-07 Schedule B (Form 990.990 -EZ. or 990-PF) 120061 15 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 THE ADJMI-DWEK FAMILY FOUNDATION, INC. 13-3782816

FORM 990-PF OTHER EXPENSES STATEMENT 1

(A) (B) (C) (D) EXPENSES NET INVEST- ADJUSTED CHARITABLE DESCRIPTION PER BOOKS MENT INCOME NET INCOME PURPOSES

BANK FEES 96. 0. 0. NYS DEPT OF LA:•: 5 V . V . 0. TO FORM 990 -PF, PG 1, LN 23 146. 0. 0.

16 STATEMENT(S) 1 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 THE ADJMI-DWEK FAMILY FOUNDATION, INC. 13-3782816

FORM 990-PF GRANT APPLICATION SUBMISSION INFORMATION STATEMENT 2 PART XV, LINES 2A THROUGH 2D

NAME AND ADDRESS OF PERSON TO WHOM APPLICATIONS SHOULD BE SUBMITTED

MR. JOSEPH DWEK, 500 SEVENTH AVENUE, 16TH FL NEW YORK, NY 10018

TELEPHONE NUMBER

212-239-8615

FORM AND CONTENT OF APPLICATIONS

SUBMIT WRITTEN APPLICATION DESCRIBING APPLICANT, GOALS, USE OF FUNDS, REPORTING PROCEDURES AND BENEFIT TO FOUNDATION.

ANY SUBMISSION DEADLINES

THERE ARE NO SUBMISSION DEADLINES.

RESTRICTIONS AND LIMITATIONS ON AWARDS

MUST FURTHER THE GOALS SET OUT IN THE FOUNDATION.

17 STATEMENT(S) 2 11341015 797696 4CK19A 2006.06010 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 Form 8868 (Rev. 4-2007) Page 2 only Part II and check • If you are filing for an Additional (not automatic) 3-Month Extension, complete this box ...... ► E^fl Note. Only complete Part 11 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 11 Additional (not automatic) 3-Month Extension of Time. You must file original and one coov. Name of Exempt Organization Employer identification number Type or print 2HE ADJMI-DWEK FAMILY FOUNDATION INC. 13-3782816 be Number, street, and room or suite no. If a P.O. box, see instructions. For IRS use only due cter°r O ELI SERUYA , 500 SEVENTH AVENUE , NO. 16TH filing ;ha redan. See CItV, town or cost office, state , and ZIP code- For a foreign arirlress , see instructions. i' "°`I°°g kTEW YORK . NY 10 018 Chc sk type of return to be filed (File a separate application for each return): Q Form 990 0 Form 990-EZ 0 Form 990-T (sec. 401(a) or 408(a) trust) El Form 1041-A [] Form 5227 0 Form 8870 Q Form 990-BL ® Form 990-PF LI Form 990-T (trust other than above) 0 Form 4720 Form 6069

STOPI Do not complete Part II if you were not already granted an automatic 3-month extension on a previously filed Form 8868.

• The books are in the care of ► MR. JOSEPH DWEK TelephoneNo 212-629- 9600 FAX No.Pi- If the organization does not have an office or place of business in the United States, check this box ...... ► LI • If this is for a Group Return , enter the organization 's four digit Group Exemption Number (GEN) . If this is for the whole group, check this box ► 0 . 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 NOVEMBER 15, 2007 . 5 For calendar year 2 0 0 6 , or other tax year beginning , and ending 6 If this tax year is for less than 12 months, check reason: Initial return 0 Final return Q Change in accounting period 7 State in detail why you need the extension ADDITIONAL TIME IS NEEDED TO GATHER ALL INFORMATION NECESSARY FROM THIRD

8a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, ester the tentative tax, less any

b If this application is for Form 990-PF, 990T, 4720, or 6069, inter any refundable credits and estimated tax payments made. Include any prior year overpayment allowed as a credit and any amount paid

c Balance Due. Subtract line 8b from line 8a. Include your payment with this form, or, if required, deposit

Signature and Verification Under penalties of perjury, I declare that I ave mined this m, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and co lete, and that am a or¢ed top are this form. Signature Illo. Title IN- Date l//Y Notice to App i n (To Be Completed by the IRS) We have approved this application . Please attach this form to the organization 's return. We have not approved this application . However, we have granted a 10-day grace period from the later of the date shown below or the due date of the organization's return (including any prior extensions). This grace period is considered to be a valid extension of time for elections otherwise required to be made on a timely return. Please attach this form to the organization's return. Q We have not approved this application . After considering the reasons stated in item 7, we cannot grant your request for an extension of time to file. We are not granting a 10day grace period. Q We cannot consider this application because it was filed after the extended due date of the return for which an extension was requested. 0 Other

By. Director Date Alternate Mailing Address. Enter the address if you want the copy of this application for an additional 3-month extension returned to an address different than the one entered above. Name

Type or I Number and street (include suite, room, or apt no.) or a P.O. box number print 1 n t1 R AVR!TTITR nF mg1. nMF_P TC' C City or town, province or state, and country (including postal or ZIP code) 05-01-07 NEW YORK, NY 10018 Form 8868 (Rev. 4-2007) 18 10060719 797696 4CK19A 2006.05070 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 Imi 8868 Application for Extension of Time To File an I ev. December 2006) ' Exempt Organization Return OMB No. 1545.1709 Depar rnent of the Treasury Internal Revenue Service for each return.

are Automatic 3-Month only check this box ...... • If you filing for an Extension, complete Part I and ...... ► 0 • If you are filing for an Additional (not automatic) 3-Month Extension , complete only Part Il (on page 2 of this form). Do not complete Part II unless you have already been granted an automatic 3-month extension on a previously filed Form 8868.

[irt f Automatic 3-Month Extension of Time. Only submit original (no copies needed).

Section 501 (c)(3) corporations required to file Form 990-T and requesting an automatic 6-month extension - check this box and complete Part only I ... - ...... ► El All other corporations (including 1120-C filers), partnerships, REMICs, and trusts must use Form 7004 to request an extension of time to file income tax returns. Electronic Fling (e-file). Generally , you can electronically file Form 8868 if you want a 3-month automatic extension of time to file one of the returns noted below (6 months for section 501 (c)(3) corporations required to file Form 990-T). However, you cannot file Form 8868 electronically if (1) you want the additional (not automatic) 3-month extension or (2) you file Forms 990-BL, 6069, or 8870 , group returns, or a composite or consolidated Form 990-T. Instead , you must submit the fully completed and signed page 2 (Part II) of Form 8868 . For more details on the electronic filing of this form, visit www.irs.gov/efile and click on a-file for Charities & Nonprofits. Type or Name of Exempt Organization Employer identification number print , THE ADJMI-DWEK FAMILY FOUNDATION , INC. 13-3782816 File by the due date for Number, street , and room or suite no. If a P.O. box, see instructions. filing your C/O ELI SERUYA, 500 SEVENTH AVENUE, NO. 16TH return See Instructions City, town or post office, state, and ZIP code. For a foreign address, see instructions. NEW YORK, NY 10018

Check type of return to be filed (file a separate application for each return):

El Form 990 Forrn 990-T (corporation) ED Form 4720 0 Form 990-BL 0 Form 990-T (sec. 401 (a) or 408 (a) trust) El Form 5227 0 Form 990-EZ LI Form 990-T (trust other than above) 0 Form 6069 M Form 990-PF Fgrm 1041-A El Form 8870

MR. JOSEPH DWEK • The books are in the care of ► 212-629-9600 TelephoneNo FAX No. ► • 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 for the whole group, check this box ► El . If It Is for part of the group, check this box ► 0 and attach a list with the names and EINs of all members the extension will cover.

I request an automatic 3-month (6-months for a section 501 (c)(3) corporation required to file Form 990-T) extension of time until ' AUGUST 15, 2007 , to file the exempt organization return for the organization named above. The extension is for the organization's return for. 0 0 6 ► [X calendar year 2 or ► El tax year beginning , and ending

2 If this tax year is for less than 12 months, check reason : El Initial return Q Final return El Change in accounting period

3a If this application is for Form 990-BL, 990-PF, 990-T, 4720, or 6069, enter the tentative tax, less any $ 0. b If this application Is for Form 990-PF or 990-T, enter any refundable credits and estimated $ 50. c Balance Due. Subtract line 3b from line 3a. Include your payment with this form, or, If required, deposit with FTD coupon or, If required, by using EFTPS (Electronic Federal Tax Payment System). $ 0.

Caution. If you are going to make an electronic fund withdrawal with this Form 8868, see Form 8453-EO and Form 8879-EO for payment Instructions.

LHA For Privacy Act and Paperwork Reduction Act Notice, see instructions. Form 8868 ( Rev. 12-2006)

623831 V oz-o7-M 17 10270418 797696 4CK19A 2006.05050 THE ADJMI-DWEK FAMILY FOUND 4CK19A 1 Contributions- Adjmi Dwek Foundation #I.7 , 1/1/2006 through 12/31/2006 r 7/13/2007 Page 1 Date Account Num Category Amount

r AFO AGOUDAT AHAVA VEACHVA -650.00 AFO AGUDAT SHETILE ZETIM -10,000.00 AFO BEIT YISROEL -750.00 AFO BET RAFAEL -1,000.00 AFO CHEVRON -26,000.00 AFO GAMACH HASDEI ESTHER -500.00 ' 'AFO KOL BONAYICH -500.00 6 AFO KOL RAFAEL -2,600.00 8 FO KOL YEHUDA -1,800.00 6 IAFO KOL YITSHAK -252.006 AFO SUNDERLAND -201.009 ^FO KOLLEL ZICHRON YOSEF -5,000.00 ,g FO LEV HAIM .1,000.00 6 IAFO LILMOD ULELAMED -252.006 IAFO L'MAAN DA'AT -1,000.00 j AFO MEOR HATALMUD .1,500.00 6 AFO MERKAZ HATORAH -1,000.006 AFO MISHKAN SHELOMO -700.06b ^AFO MISHKAN YECHESKEL -250.00 e AFO MISHKENUT HATORAH -10,000.00, 0 FO NEZER HATORAH -250.00 AFO OHEL MOED -1,200.00 AFO OHEL YOCHEVED -101:009 IFO SDEI CHEMED -250.00 fAFO SUCATH DAVID -2,600.00,/3 AFO TIFERET TIBERIAS -9,000.00,e AFO TORAH UMESORAH -101.00 AFO TORAS HAIM -1,800.00 AFO TORAT MEIR -2,600.00 PkFO YAD YEMIN -500.00 AFO YESHIVA MEAH SHEARIM -501.006 AFO YESHIVA NAHALAT YOSEF -1,000.00,b AFO YESHIVA SHAAREI EZRA -750.00 AFO YESHIVAT HADRAT MELECH -3,600.00 'AFO YESHIVAT HANEGEV -3,000.00, AFO YESHIVAT REKHASIM -10,000.00, AFO YISMAH LEV -5,000.00 AFO ZICHRON NAHUM -2,600.001 AFO ZICHRON YOSEF -1,001.00 GUDAH OF AMERICA -1,000.0 ,B PAGUDAT HABAD ASHKELON -10i.0013 AGUDAT TORAH MISINAI -700.0Q8 -101.00 AHAVAT KOL YISRAEL -26.00 AHAVAT SHALOM -101.00/ AHI EZER CONG -500.00,' ,AHI EZER YESHIVA -1,300.00 Q IAMALA CHELL TORAH -750.001 ARAM SOBA FOUNDATION -3,500.003- "152.00 ATERET MOSHE INST -1.252.00k Contributions- Adjmi Dwek Foundation #2 - Last year:6 1/112006 through 12/31/2006 7/13/2007 Page 2 Date Account Num Category Amount BAIS YAAKOV SCHOOL , MARYLAND .1,001.00 BATS YAAKOV, LAKEWOOD -101.00 BAMESSILAH NAALEY -101.00 BANAYISH ZION INST -101.00r` BEIT CHANA KIRYAT MALACHI -101.00 n BEIT DAVID VE'ELIAHU -101.00,$ BEIT EDMOND SAFRA -101.001e BEIT HANA -52.001e BEIT MEDRASH OHR HACHAIM -1,000.00, BELT MIDRASH ALPHEI MENASHE -18.00 BELT MIDRASH SHEM HAGDOLIM -101.00 g BEIT YEHUDA NESHEI AGUDAT ISRAEL -150.00,r^j BETSET MIDRASH RABBI HAIM VITAL -260.00 BET MIDRASH RASHBY -180.00 BETMIDRASH TORAH VEHORAAH -352.00 YAAKOV GEULA € •' xn - , _500.00 H' AHARON -101.00 H,MEDRASH GEVOHA ISRAEL 10°000.00 H MIDRASH DEVAR ABRAHAM, A-101.00 iOLOTH HOME'ORPHAN • 'A 3 15200 H SHAUL'V MIRIAM r, max ^^ x ° 1,0011 00, = kZVU, 4, ' `; a ;` *m: -101.00j ,AN TORAH 2,S0000A'. (. r 0. CA] MORDECHAI IRBINYAMIN TORAH CENTER' , :, _ •,^ ^& ° -1,001:00 !;TORAH MOVEMENT r x F t ., (; =165;OOOAO YOSEF CONG W` ^^ '^50004^ T HADASSA' .^ " 107:00 s BAD HOUSE, KIRYAT,GA1 104: BADNEW ZEALAND> 710100 SDYMIOSHE V'SHi4lOIlA ' DVAT YAAKOI/^ 00.00 ,DREN AID FUNDJERUSALEM -00.00 % FETZ,CHAIMHERITAGE ; - ' 'a°z' °• -1 800'00 G BETH HATEfILAH ^^ •; 5' F .18.0 G `YESHIVA BETH,H` ILLEL = !-5, 000.00B G^AVNEI SHLOMO SPRING VALL'EY GBNEI BINYAMIM I q, ^15"000.0 GABNEI YESHIVAOF

IND °, DT KEDOSHIM 4 N HAYELEDINST N ISRAEL SOCIETY 1 N ISRAEL SOCIETY N ISRAEL SOCIETY( GANIM -101 HATORAH All i4l -101 HATORAH

EH TORAH .g " -101 1 KEREN TORAH -101 TAWIL FOUNDATION Contributions- Adjmi Dwek Foundation #2 - Last year:6 1/1/2006 through 12/31/2006 7/13/2007 Page 6 Date Account Num Category Amount MATTEH MOSHE INC -2,800.00 MAZKERET HALPHONE -101.008 MECHON LHOYROA -180.00 MEIR AINE ISRAEL - 101.00 MERCAZ MOSDOS CHINUCH -101.00 MERCAZ ROHANI DARCHEI ISRAEL -500.0 MERCAZ TORANI ZCHUT LEAMI -101.00' MERKAZ LESHIURA TORAH -201.00 MESIVTA BEVET CHAZON ISH -1,500.00 MESIVTA GEDULA MORDECHAI -101.00 MIDRAH DAAT MISHPAT -52.0 MIDRASH BET NASSI -700.00 MIDRASH ELIYAHU -360.00 MIFAAL HATERUMAH -101.00 I MIFAAL HATERUMAH JERUSALEM .5,000.00 MIFAL HATRUMA -101.00 MINHAT YEHUDA VEYERUSHALAYIM -2,500.001 MIRRER YESHIVA -3,753.00 p^ MISHKENOT HATORAH -500, 000.00E MORIAH EDUCATIONAL CENTER -101.00 R MOSDOS KALIV -5,000.008 MOSDOS SPINKA -5,000.00-6 MOSDOT BEIT YAAKOV -6,000.00,. MOSDOT BET YAACOV -7,200.00 6 MOSDOT CHASDEI MEIR -200.066 MOSDOT HARAMBAM -101.00 8 MOSDOT HEMDAT MEIR -101.0014 MOSDOT NER DAVID -500.00,g MOSDOT NOAM ELIMELECH -500.00' MOSDOT OR LETZION -18,000.00 MOSDOT RABENU YOEL -201.00p MOSDOT SHAARE TORAH -250.00 MOSDOT SHEM M'SHIM.MON -101.00, MOTZE MAYIM INST -2,310.00 }NACHAL NOUEA MEKOR CHOCHMA -2,600.00/Jj NAVAT ISRAEL INST -3,600.00/ NEFESH -5,000.0 ^N^ER HATSAFON -101.00, 1VER ISRAEL RABBINICAL COLLEGE -3,600.00 NER YITSHAK -101.0016 NESACH ISRAEL INST -1,001.00'Q NEVE ERETZ -5,000.00Fe NEVE YERUSHALAYIM -180.00E OAM ELIEZER INST -250.00 OAM SHABBOS -701.00 OHALEI TORAH, ISRAEL -101.00 Q OHEL SIMHA SUPER FUND -2,050.00. HR AVRAHAM VSARAH -101.00 OHR DAVID -101.00 bHR JOSEPH INST -18,000.00 8 OHR YAAKOV INC -2,000.00, ONEI OLAM -1.000.00" R) Contributions- Adjmi Dwek Foundation #2 - Last year:6 1/1/2006 through 12/31/2006 7/13/2007 Page 7 Date Account Num Category Amount ORGAON INST -2,600.00 OR HACHAIM INST -5,000.00 OR HACHAIM INST BNEI BRAK -25,000.00 OR HADASH EDUCTIONAL CENTER KOLYEHUDA -3,000.00,6 FOR HADASH GIRLS TOWN EDUC -2,600.00 OR HADASH NER SHMOUEL -2,600.00 13 OR HAMIZRACH -360.00 OR HASHALOM INST -2,701.002 OR MENAHEM YEHUDA -260.00 B OR YITSHAK -252.00 13 ;OROT MARGALIT ,' -101.609 pROT MIMIZRAH -201.00 6 ZER DALIM >-180.00 PARTNERS IN TORAH '^>';; =101.00 ^' PEER -HATALMUD -250.00 PESACH TIKVAH HOPE DEVELOPMENT 4„ r =- -1,000.00 PORAT YOSEF FOUNDATION 2,600.00 PROJETO AHAVAT ISRAEL ' -101.00 RABBI MEIR=BAAL`HANES TIBERIAS " > g -1,800100 ly RABBINICAL COLLEE OF HARRAMA' "; 500.00 RAMOTTORAH ,SCHOOLS ^ 2, 150.0014 REACH 'FORJHE> STARS^ -12;000.00 REFOUAH YESHUA SAMHEU-KIMOT, INITANU s 5. _52 0O Oj EAD ^ 5 000.00 A SEPHARDICADDICON FAMILY EDUCATION .a 3 x w ,> 1' 1; ,06000.0 g SEPHARDIC'BIURHOLIM > << ` -12, 000.00 EPHARDIC °FOOD FUND 000.00 SEPHARDIC> TORAH rCENTER KOLLELDEAL- _ -,,000:00'0 SHrARE-DAVID > . x`:. . SHAARE EMUNAH SHAARE ZION JALEBI s ;R ^. ;^ ^; =101 00

, HALACH LACH MECHA qY, y ¢ SHALHEVET, RAMAT,SHELOMO ",>g- .180 , 06 9 HALOM HAYAHDUT 101 00 t JHALOM TORAH .CENTER' ^ „_ ' 18`00` (^ SHALOM TORAH "CENTER, LAKEWOOD,NJ c"t x I 800.00 Q EIVIAYA SCHOOL -101 00 IT HEMESH TZDAKA VEHAYIM q A-101.00 SSHUBA ISRAEL ARGENTINA "-2;600.00 SYNAGOGUE MAGEN ABRAHAM ' 4 -1,500.00 B ^.SYNAGOGUE OF, DEAL ` =1,001.OOj B TAHARAT ISRAEL HASHMOAIM ^. ^a^ >>^ "•, ' 52.00 IU TTALMUD TORAH ATERET SHALOM ;- - o TALMUD TORAH, DAAT ZKENYN > 101.00 TALMUD TORAH HANICHE HAYESHIVOT - - ; x101=00, TALMUD TORAH HANICHEI YESHIVOT =101.00 13 TALMUD TORAH KIRYAT SEFER -101.00 13 TALMUDALMUD TORAH MENORAT HAMAOR -Z- -250.00' /3 TORAH OHEL MOSHE - -101.00,6 TALMUD TORAH OR TORAH - -101.0 (TALMUD TORAH OTZAR HACHAIMN -101.00, 6 Contributions- Adjmi Dwek Foundation #2 - Last year:6 1/1/2006 through 12/31/2006 7/13/2007 Page 8 Date Account Num Category Amount TALMUD TORAH RAV PEALIM -101.00 43 TALMUD TORAH TORAT CHAIM -101.006 TASHBAR HARAV -101.00 TECHELET MORDECHAI KFAR GIDEON -200.00 EHILOT ISRAEL KOLEL -101.00 TIFERES MOED -180.00 [1IFERET ELIYAHU -152.00 t IIFRACH TORAH CENTER -2,600.006 TORAH ACADEMY MONMOUTH -132,000.00 8 TORAH FOR SPECIAL CHILDREN -500.0013 TORAH LEARNING BEIT HANANIA -4,000.00 B TORAH PROJECTS CENTER -101.00 TORAH T-MIMAH CONG -861.00 TORAH U TEVUNAH -101.00b (TORAH UMESORAH -101.00 b TORAH VEHORAAH EDUCATIONAL CENTERA -360.00) TORAH V'SHALOM -1,000:00 ORAT BEZALEL -101.00 TOV VAHESED -1,800.00 6 TOV VEHASSED -101:00 1 TSEDEKAHVEHESED ^ >

3, SG ^, 3?3. 00 Write off/ Void checks - Last year:2 1/1/2006 through 12/31/2006 4/30/2007 Page Date Description Category Amount

7/28/2006 WRITE OFF CK 7638 EVEN HACH.. I-KOLLEL YESHIV 18,000 00 12/12/2006 WRITE OFF CK 6824 2/5/05 I -KOLLEL YESHIV 152.00 12/12/2006 WRITE OFF CK 6878 2/2/05 I-KOLLEL YESHIV 5,200.00 12/12/2006 WRITE OFF CK 7175 9/2/05 I-KOLLEL YESHIV 101.00 12/12/2 006 WRITE OFF CK 7270 10/5/05 I-KOLLEL YESHI V 101.00 5/2/2006 WRITE OFF CK 7344 REPORTED L.. I-KOLLEL YESHIV 2,000 00 6/30/2006 WRITE OFF CK7644 DEAL YESHIVA US-KOL-YESH 75,000.00 12/12/2006 WRITE OFF CK 6831 2/5/05 I-KOLLEL YESHIV 101.00 12/12/2006 WRITE OFF CK 6833 2/5/05 I-KOLLEL YESHIV 101 00 12/12/2006 WRITE OFF CK 7020 5/5/05 I-KOLLEL YESHIV 52 00 12/12/2006 WRITE OFF CK 7122 8/5/05 I-KOLLEL YESHIV 500 00 12/12/2006 WRITE OFF CK 7199 9/2/05 I-KOLLEL YESHIV 101.00 12/12/2006 WRITE OFF CK 7221 10/5/05 I-KOLLEL YESHIV 52 00 12/12/2006 WRITE OFF CK 7226 10/5/05 I-KOLLEL YESHIV 52 00 12/12/2006 WRITE OFF CK 7244 10/4/05 I-KOLLEL YESHIV 152 00 12/12/2006 WRITE OFF CK 7265 10/5/05 I-KOLLEL YESHIV 101 00 12/12/2006 WRITE OFF CK 7266 10/5/05 I-KOLLEL YESHIV 52 00 12/12/2006 WRITE OFF CK 7275 10/5/05 I-KOLLEL YESHIV 52 00 12/12/2006 WRITE OFF CK 7303 12/5/05 I-KOLLEL YESHIV 2,600.00 12/12/2006 WRITE OFF CK7117 8/5/05 I -KOLLEL YESHIV 1,800.00 1/1/2006 - 12/31/2006 106,270.00

TOTAL INFLOWS 106,270.00

TOTAL OUTFLOWS 0.00

NET TOTAL 106,270.00 Write off/ Void checks - Last year 1/1/2006 through 12/31/2006 4/30/2007 Page 1?41• Date Description Category Amount

1/2/2006 WRITE OFF CK 1694 10/23/0...1-KOLLEL YESHIV 250.00 1/2/2006 WRITE OFF CK1934 12/30/04..US-KOL-YESH 75,000 00 12131/2006 WRITE OFF CK 2280 5/25/06 . US-KOL-YESH 7,000.00 12/31/2006 WRITE OFF CK 2281 6/25/06 ... US-KOL-YESH 7,000.00 12/31 /2006 WRITE OFF CK 2282 7/25in6.. U S-KOL-MESH 7,000 00 12/31/2006 WRITE OFF CK 2283 8/25/06. US-KOL-YESH 7,000 00 12/31/2006 WRITE OFF CK 2284 9/25/06 . US-KOL-YESH 7,000 00 12/31/2006 WRITE OFF CK 2285 10/25/06.. US-KOL-YESH 7,000.00 12/31/2006 WRITE OFF CK 2286 11/25/06..US-KOL-YESH 7,00000 12/31/2006 WRITE OFF CK 2287 12/25/06. US-KOL-YESH 7,000 00 12/31/2006 WRITE OFF CK 2340 5/25/06 ...I-KOLLEL YESHIV 2,600.00 12/31/2006 WRITE OFF CK 2341 6/25/06 I-KOLLEL YESHIV 2,600.00 12/31/2006 WRITE OFF CK 2342 7/25/06 I-KOLLEL YESHIV 2,600.00 12/31/2006 WRITE OFF CK 2343 8/25/06. I-KOLLEL YESHIV 2,600 00 12/31/2006 WRITE OFF CK 2344 9/25/06 ...I-KOLLEL YESHIV 2,600.00 12/31/2006 WRITE OFF CK 2345 10/25/0... I-KOLLEL YESHIV 2,600.00 12/31/2006 WRITE OFF CK 2169 9/25/06 ..I-KOLLEL YESHIV 25,000 00 1/1/2006 - 12/31/2006 171,850.00

TOTAL INFLOWS 171,850.00

TOTAL OUTFLOWS 0.00

NET TOTAL 171,850.00