<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" returnVersion="2022v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-02-26T09:15:39-05:00</ReturnTs>
    <TaxPeriodEndDt>2023-10-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>274674409</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Jaques CPA PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>745 S Church Street Suite 605</AddressLine1Txt>
        <CityNm>Murfreesboro</CityNm>
        <StateAbbreviationCd>TN</StateAbbreviationCd>
        <ZIPCd>37130</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2022-11-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>626039681</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>CARL A &amp; THERESA K SWAFFORD FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>CARL</BusinessNameControlTxt>
      <USAddress>
        <AddressLine1Txt>2809 BERTRAM COURT</AddressLine1Txt>
        <CityNm>MURFREESBORO</CityNm>
        <StateAbbreviationCd>TN</StateAbbreviationCd>
        <ZIPCd>37129</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>CARL A SWAFFORD JR</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>6158496410</PhoneNum>
      <SignatureDt>2024-02-23</SignatureDt>
      <DiscussWithPaidPreparerInd>false</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>CARL</PersonFirstNm>
        <PersonLastNm>SWAFFORD</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Jon Jaques CPACFP</PreparerPersonNm>
      <PTIN>P00208591</PTIN>
      <PhoneNum>6158937800</PhoneNum>
      <PreparationDt>2024-02-26</PreparationDt>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp>
        <TrustedCustomerCd>0</TrustedCustomerCd>
        <OOBSecurityVerificationCd>00</OOBSecurityVerificationCd>
        <AuthenticationAssuranceLevelCd>AAL1</AuthenticationAssuranceLevelCd>
        <IdentityAssuranceLevelCd>IAL1</IdentityAssuranceLevelCd>
      </TrustedCustomerGrp>
    </AdditionalFilerInformation>
    <TaxYr>2022</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>2498201</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>157615</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>157615</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>157615</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>12894</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>168994</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>12894</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="STM106">383</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>383</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>170892</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>170892</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>157615</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>5720</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>5720</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstAdjNetIncmAmt>5720</CompOfcrDirTrstAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="STM108">6420</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>6420</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>6420</AccountingFeesAdjNetIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="STM110">1978</TaxesRevAndExpnssAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="STM126">3740</DeprecAndDpltnRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="STM103">624</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>104</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>18482</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>12244</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>12140</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>149710</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>0</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>168192</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>12244</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>12140</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>0</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>2700</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>158648</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>145475</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>226935</CashBOYAmt>
        <CashEOYAmt>374478</CashEOYAmt>
        <CashEOYFMVAmt>374478</CashEOYFMVAmt>
        <CorporateStockBOYAmt>2481200</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="STM137">2351772</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>2105719</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>51997</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="STM138">15387</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>18004</CorporateBondsEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>20536</InvstLandCostOrOtherBasisAmt>
        <InvstLandAccumDepreciationAmt>15384</InvstLandAccumDepreciationAmt>
        <LandBldgInvestmentsEOYAmt>5152</LandBldgInvestmentsEOYAmt>
        <LandBldgEquipCostOrOtherBssAmt>11652</LandBldgEquipCostOrOtherBssAmt>
        <LandBOYAmt>8892</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="STM119">11652</LandEOYAmt>
        <TotalAssetsBOYAmt>2769024</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2758441</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>2498201</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>2769024</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>2758441</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2769024</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2758441</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2769024</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2758441</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2769024</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>2700</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2771724</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="STM116">13283</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>2758441</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GLOBAL X FDS SUPERDIVIDEND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-07-05</AcquiredDt>
          <SoldDt>2022-12-20</SoldDt>
          <GrossSalesPriceAmt>7</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15</CostOrOtherBasisAmt>
          <GainOrLossAmt>-8</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LUMEN TECHNOLOGY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-12-09</AcquiredDt>
          <SoldDt>2023-02-09</SoldDt>
          <GrossSalesPriceAmt>1518</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>17941</CostOrOtherBasisAmt>
          <GainOrLossAmt>-16423</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LUMEN TECHNOLOGIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-04-12</AcquiredDt>
          <SoldDt>2023-02-09</SoldDt>
          <GrossSalesPriceAmt>1139</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11896</CostOrOtherBasisAmt>
          <GainOrLossAmt>-10757</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NATIONAL CINEMEDIA</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-08-19</AcquiredDt>
          <SoldDt>2023-02-09</SoldDt>
          <GrossSalesPriceAmt>203</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10537</CostOrOtherBasisAmt>
          <GainOrLossAmt>-10334</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SOUTH JERSEY IND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-11-01</AcquiredDt>
          <SoldDt>2023-02-01</SoldDt>
          <GrossSalesPriceAmt>34380</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>23027</CostOrOtherBasisAmt>
          <GainOrLossAmt>11353</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TOTALENERGIES SE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-01-02</AcquiredDt>
          <SoldDt>2023-02-09</SoldDt>
          <GrossSalesPriceAmt>21552</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>20106</CostOrOtherBasisAmt>
          <GainOrLossAmt>1446</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VALERO ENERGY CP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-11-01</AcquiredDt>
          <SoldDt>2023-02-09</SoldDt>
          <GrossSalesPriceAmt>36991</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>22792</CostOrOtherBasisAmt>
          <GainOrLossAmt>14199</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BLUEROCK HOMES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-06</AcquiredDt>
          <SoldDt>2023-02-09</SoldDt>
          <GrossSalesPriceAmt>5787</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6257</CostOrOtherBasisAmt>
          <GainOrLossAmt>-470</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHINA PETROLEUM &amp; CHEMICAL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-01-02</AcquiredDt>
          <SoldDt>2023-06-26</SoldDt>
          <GrossSalesPriceAmt>19717</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>19970</CostOrOtherBasisAmt>
          <GainOrLossAmt>-253</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>REGENCY CTRS CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-11-03</AcquiredDt>
          <SoldDt>2023-08-18</SoldDt>
          <GrossSalesPriceAmt>60</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>50</CostOrOtherBasisAmt>
          <GainOrLossAmt>10</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>B&amp;G FOODS INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-02-28</AcquiredDt>
          <SoldDt>2023-10-12</SoldDt>
          <GrossSalesPriceAmt>8000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7825</CostOrOtherBasisAmt>
          <GainOrLossAmt>175</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TRITON DQX51</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-06-24</AcquiredDt>
          <SoldDt>2023-09-28</SoldDt>
          <GrossSalesPriceAmt>39613</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15655</CostOrOtherBasisAmt>
          <GainOrLossAmt>23958</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BROOKFIELD INFRASTRUCTURE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-09-28</AcquiredDt>
          <SoldDt>2023-09-28</SoldDt>
          <GrossSalesPriceAmt>27</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>29</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>12894</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-472</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>2205</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>2205</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>2205</TaxBasedOnInvestmentIncomeAmt>
        <TaxDueAmt>2205</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>TN</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <IndividualWithBooksNm>CARL A SWAFFORD JR</IndividualWithBooksNm>
        <PhoneNum>6158496410</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>2809 BERTRAM COURT</AddressLine1Txt>
          <CityNm>MURFREESBORO</CityNm>
          <StateAbbreviationCd>TN</StateAbbreviationCd>
          <ZIPCd>37129</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CARL A SWAFFORD JR</PersonNm>
          <USAddress>
            <AddressLine1Txt>2809 BERTRAM COURT</AddressLine1Txt>
            <CityNm>MURFREESBORO</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37129</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>10.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JULIA ANN SWAFFORD</PersonNm>
          <USAddress>
            <AddressLine1Txt>2809 BERTRAM COURT</AddressLine1Txt>
            <CityNm>MURFREESBORO</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37129</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CARL A SWAFFORD III</PersonNm>
          <USAddress>
            <AddressLine1Txt>2809 BERTRAM COURT</AddressLine1Txt>
            <CityNm>MURFREESBORO</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37129</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>5720</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>CK2 FOUNDATION -- TO SUPPORT VARIOUS CHARITIES OF THE ORGANIZATION</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
        <Description2Txt>ORANGE BEACH COMPASSION FUND - TO SUPPORT CHARITIES OF THE ORGANIZATION</Description2Txt>
        <Expenses2Amt>0</Expenses2Amt>
        <Description3Txt>MAACA CITY OF OCEAN BEACH - TO SUPPORT CHARITIES OF THE CITY</Description3Txt>
        <Expenses3Amt>0</Expenses3Amt>
        <Description4Txt>FREEDOM ALLIANCE - TO SUPPORT THE MAKE THE ORGANIZATION</Description4Txt>
        <Expenses4Amt>0</Expenses4Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>2329312</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>320545</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>2649857</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2649857</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>39748</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2610109</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>130505</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>130505</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>2205</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>2205</TotalTaxAmt>
        <DistributableBeforeAdjAmt>128300</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>128300</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>128300</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>0</ExpensesAndContributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>128300</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr3Amt>22864</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr1Amt>18853</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>41717</TotalExcessDistributionCyovAmt>
        <ExcessDistriCyovAppCYCorpusAmt>41717</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>41717</ExcessDistributionCyovAppCYAmt>
        <UndistributedIncomeCYAmt>86583</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GREENSBURG MENNONITE CH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>310 W PENNSYLVANIA AVE</AddressLine1Txt>
            <CityNm>GREENSBURG</CityNm>
            <StateAbbreviationCd>KS</StateAbbreviationCd>
            <ZIPCd>67054</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>A SOLDIERS CHILD</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1197 HAZELWOOD DR SUITE 104</AddressLine1Txt>
            <CityNm>SMYRNA</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37167</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>OLE MISS ATHLETICS FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1848</AddressLine1Txt>
            <CityNm>UNIVERSITY</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38677</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SWAFFORD CHAPEL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SWAFFORD CHAPEL ROAD</AddressLine1Txt>
            <CityNm>PIKEVILLE</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37367</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>OAK HILL ELEMENTARY SCHOOL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1682 N ESHMAN AVE</AddressLine1Txt>
            <CityNm>WEST POINT</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>39773</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CARSON-PITCOCK SCHOLAR</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>405 UNIVERSITY AVE</AddressLine1Txt>
            <CityNm>OXFORD</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38655</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CITY OF ORANGE BEACH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>4099 ORANGE BEACH BLVD</AddressLine1Txt>
            <CityNm>ORANGE BEACH</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36561</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>3500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SCULPTURE FIELDS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1800 POLK STREET</AddressLine1Txt>
            <CityNm>CHATTANOOGA</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37408</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ORANGE BEACH LIONS CLUB</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>28099 PERDIDO BEACH BLVD</AddressLine1Txt>
            <CityNm>ORANGE BEACH</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36561</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SECRET MEALS HUNGRY CHILDREN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>220 PAUL W BRYANT DR</AddressLine1Txt>
            <CityNm>TUSCALOOSA</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35401</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>1200</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CHRISTIAN SERVICE CENTER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>317 DOLPHIN AVE</AddressLine1Txt>
            <CityNm>GULF SHORES</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36542</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>OBFA COMPASSION FUND</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 222</AddressLine1Txt>
            <CityNm>ORANGE BEACH</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36561</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ST JUDE HOSPITAL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>501 ST JUDE PLACE</AddressLine1Txt>
            <CityNm>MEMPHIS</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38105</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CHILD CHRISTIAN SERVICES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>POST OFFICE BOX 882</AddressLine1Txt>
            <CityNm>GULF SHORES</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36547</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>5700</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WP TOUCHDOWN CLUB</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>WHITE PLAINS HIGH SCHOOL</AddressLine1Txt>
            <CityNm>ANNISTON</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36201</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MAACS - CITY OF ORANGE BEACH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>4099 ORANGE BEACH ROAD</AddressLine1Txt>
            <CityNm>ORANGE BEACH</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36561</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CK2 FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>813 RIDGE LAKE BLVD</AddressLine1Txt>
            <CityNm>GERMANTOWN</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38139</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>YOUTH RANCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>21870 COUNTY ROAD 32</AddressLine1Txt>
            <CityNm>SUMMERDALE</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36580</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DUCKS UNLIMITED</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>ONE WATERFOWL WAY</AddressLine1Txt>
            <CityNm>MEMPHIS</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38120</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>5010</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE ISLAND CHURCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>25550 CANAL ROAD</AddressLine1Txt>
            <CityNm>ORANGE BEACH</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36561</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>1500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FATHER PAUL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>ADDRESS UNKNOWN</AddressLine1Txt>
            <CityNm>GULF SHORES</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36542</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GULF SHORES HIGH SCHOOL VOLLEYBALL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>600 E 15TH AVE</AddressLine1Txt>
            <CityNm>GULF SHORES</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36542</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SALSUMA HIGH SCHOOL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1 GATOR CIRCLE</AddressLine1Txt>
            <CityNm>SATSUMA</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36572</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GULF SHORES METHODIST CHURCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1900 GULF SHORES PARKWAY</AddressLine1Txt>
            <CityNm>GULF SHORES</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36542</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>3500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WAR HEROS ON WATER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>25 W PICADILLY ST</AddressLine1Txt>
            <CityNm>WINCHESTER</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FREEDOM ALLIANCE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>25 W PICCADILLY STREET</AddressLine1Txt>
            <CityNm>WINCHESTER</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTION FOR GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>149710</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>157615</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>157615</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>157615</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="STM108">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>6420</Amt>
        <NetInvestmentIncomeAmt>6420</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>6420</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="STM126">
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2017-06-30</AcquiredDt>
        <CostOrOtherBasisAmt>5375</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5375</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2019-02-21</AcquiredDt>
        <CostOrOtherBasisAmt>2937</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2429</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M</ComputationMethodTxt>
        <LifeRt>5</LifeRt>
        <CurrentYearExpenseAmt>338</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>IPAD</PropertyDesc>
        <AcquiredDt>2019-04-01</AcquiredDt>
        <CostOrOtherBasisAmt>1067</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>882</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M</ComputationMethodTxt>
        <LifeRt>5</LifeRt>
        <CurrentYearExpenseAmt>123</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>13 MACBOOK PRO</PropertyDesc>
        <AcquiredDt>2021-06-07</AcquiredDt>
        <CostOrOtherBasisAmt>2273</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1182</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M</ComputationMethodTxt>
        <LifeRt>5</LifeRt>
        <CurrentYearExpenseAmt>436</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER KIPP</PropertyDesc>
        <AcquiredDt>2022-10-18</AcquiredDt>
        <CostOrOtherBasisAmt>3202</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>640</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M</ComputationMethodTxt>
        <LifeRt>5</LifeRt>
        <CurrentYearExpenseAmt>1025</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER CARL</PropertyDesc>
        <AcquiredDt>2021-12-24</AcquiredDt>
        <CostOrOtherBasisAmt>5682</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1136</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M</ComputationMethodTxt>
        <LifeRt>5</LifeRt>
        <CurrentYearExpenseAmt>1818</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="STM138">
      <InvestmentsCorporateBondsGrp>
        <BondNm>SEE ATTACHED STMT</BondNm>
        <EOYBookValueAmt>15387</EOYBookValueAmt>
        <EOYFMVAmt>18004</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="STM137">
      <InvestmentsCorporateStockGrp>
        <StockNm>CORP STOCK SEE ATTACHED STMT</StockNm>
        <EOYBookValueAmt>1759536</EOYBookValueAmt>
        <EOYFMVAmt>1754348</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ETFS SEE ATTACHED STMT</StockNm>
        <EOYBookValueAmt>592236</EOYBookValueAmt>
        <EOYFMVAmt>351371</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="STM119">
      <LandEtcGrp>
        <CategoryOrItemTxt>SEE STMT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11652</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>11652</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherDecreasesSchedule documentId="STM116">
      <OtherDecreasesDetail>
        <Desc>ASSET VALUATION CHG - STOCK SPLITS</Desc>
        <Amt>13283</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="STM103">
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>104</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>104</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SOFTWARE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>110</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>410</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="STM106">
      <OtherIncomeDetail>
        <Desc>ACCRUED INVEST INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>383</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>383</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="STM110">
      <TaxesDetail>
        <CategoryTxt>SECRETARY OF STATE</CategoryTxt>
        <Amt>21</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>IRS PAYMENT</CategoryTxt>
        <Amt>1957</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
