﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-05-10T19:14:54-04:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>842604198</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>DUCKER &amp; COMPANY CPAS</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>5188 ESCAMBIA ST</AddressLine1Txt>
        <CityNm>MILTON</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>32570</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>593619411</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>SWITZER BROTHERS CHARITABLE</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>FOUNDATION</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>SWIT</BusinessNameControlTxt>
      <PhoneNum>2514591579</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
        <CityNm>PENSACOLA</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>325911313</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JOHN L SWITZER</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <PhoneNum>2514591579</PhoneNum>
      <SignatureDt>2024-05-09</SignatureDt>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>JOHN</PersonFirstNm>
        <PersonLastNm>SWITZER</PersonLastNm>
      </PersonFullName>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>ERIC A LINDER CPA</PreparerPersonNm>
      <PTIN>P01055387</PTIN>
      <PhoneNum>8506233250</PhoneNum>
      <PreparationDt>2024-05-09</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="RetDoc7">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>2390660</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>11678</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>11678</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>108573</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>108573</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>2218</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>2496752</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>2218</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>122469</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>122469</TotalNetInvstIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">3000</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1500</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>1500</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc6">6417</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>221</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc5">20600</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>17487</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>3113</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>30017</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>19208</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>4613</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>97535</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>97535</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>127552</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>19208</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>102148</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-5083</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>103261</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashEOYAmt>10070</CashEOYAmt>
        <CashEOYFMVAmt>10070</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>123261</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>60275</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>60275</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>2168498</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc3">2211361</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>2320315</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>2291759</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2281706</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>2390660</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>2291759</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>2281706</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2291759</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2281706</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2291759</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2281706</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2291759</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-5083</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2286676</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc4">4970</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>2281706</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SCHWAB 8898-5807</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>1802488</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1809158</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6670</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6670</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SCHWAB 8898-6246</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>364286</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>353021</CostOrOtherBasisAmt>
          <GainOrLossAmt>11265</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11265</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SCHWAB 8898-6246</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>329978</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>332355</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2377</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2377</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>2218</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>4595</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1435</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>1435</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1435</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>4753</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>4753</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1">X</Form2220AttachedInd>
        <EsPenaltyAmt>1</EsPenaltyAmt>
        <OverpaymentAmt>3317</OverpaymentAmt>
        <AppliedToESTaxAmt>3317</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>FL</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>MARGARET E BRAGG</IndividualWithBooksNm>
        <PhoneNum>8504330024</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
          <AddressLine2Txt>PO BOX 1313</AddressLine2Txt>
          <CityNm>PENSACOLA</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>325911313</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>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHARLES L SWITZER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32596</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN L SWITZER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32596</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ROBERT B SWITZER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32596</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>FRAN SWITZER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32596</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JANE SWITZER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32596</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARGARET N LORREN</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32596</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARGARET E BRAGG</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32596</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JEREMY SWITZER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32596</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SILVIA SWITZER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32596</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CORTNEY SWITZER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32596</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PHILLIP B SWITZER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32596</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>2240986</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>96803</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>2337789</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2337789</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>35067</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2302722</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>115136</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>115136</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1435</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1435</TotalTaxAmt>
        <DistributableBeforeAdjAmt>113701</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>113701</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>113701</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>102148</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>102148</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>113701</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>97535</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>102148</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>97535</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>4613</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>109088</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>SWITZER BROTHERS CHARITABLE FOUNDAT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1313</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>325911313</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>8504330024</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>PROSPECTIVE TAX-EXEMPT CHARITABLE ORGANIZATIONS MUST COMPLETE AND SIGN AN APPLICATION FORM PROVIDED BY SWITZER BROTHERS CHARITABLE FOUNDATION.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>APPLICATIONS ARE DUE ON/BEFORE SEPTEMBER 1.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>GRANTS ARE GIVEN ONLY TO TAX-EXEMPT CHARITABLE ORGANIZATIONS AND MUST BE USED FOR QUALIFIED CHARITABLE PROGRAM EXPENSES.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AMIKIDS PENSACOLA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3685 MULDOON RD</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32526</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>YOUTH/WORKFORCE DEVELOPMENT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BIG BROTHERS BIG SISTERS OF NWFL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1320 CREIGHTON RD</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32504</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY BASED MENTORING PROGRAMS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHILDREN'S HOME SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>17 N DEVILLIERS ST</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32501</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>M POWER TRANSITION LIVING PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>24535</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>READYKIDS EVERY CHILD A READER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 71</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32591</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>READYKIDS LITERACY PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FIRST TEE GULF COAST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3924 WEST NAVY BLVD</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32507</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>LIFE SKILLS EXPERIENCE SCHOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GULF COAST KIDS HOUSE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3401 N 12TH AVE</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32503</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ABUSE SURVIVERS COUNSELING PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE LEANING POST RANCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 10252</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32504</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EQUINE ASSISTED ACTIVITIES PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PACE CENTER FOR GIRLS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1028 UNDERWOOD AVE</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32504</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GIRLS EARNING DIPLOMAS PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PENSACOLA HABITAT FOR HUMANITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>300 W LEONARD ST</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32501</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY DEVELOPMENT PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>STUDER COMMUNITY INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>220 W GARDEN STREET</AddressLine1Txt>
            <AddressLine2Txt>SUITE 100</AddressLine2Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32502</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EARLY BRAIN DEVELOPMENT PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>4500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YMCA OF NW FLORIDA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 13170</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32591</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>AFTERSCHOOL FINANCIAL ASSISTANCE</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>97535</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>11678</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>108573</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>2218</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>122469</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>122469</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="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>INDIRECT ACCOUNTING FEES</CategoryTxt>
        <Amt>3000</Amt>
        <NetInvestmentIncomeAmt>1500</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1500</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <StockNm>ENERGY SELECT SECTOR SPDR</StockNm>
        <EOYBookValueAmt>10355</EOYBookValueAmt>
        <EOYFMVAmt>11150</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ENERGY SELECT SECTOR SPDR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ETRACS MVIS BUSINESS DVL</StockNm>
        <EOYBookValueAmt>183961</EOYBookValueAmt>
        <EOYFMVAmt>196563</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY MSCI COMM SRV</StockNm>
        <EOYBookValueAmt>46315</EOYBookValueAmt>
        <EOYFMVAmt>60581</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY MSCI UTILITIES</StockNm>
        <EOYBookValueAmt>14778</EOYBookValueAmt>
        <EOYFMVAmt>12667</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST TRUST CLOUD</StockNm>
        <EOYBookValueAmt>20128</EOYBookValueAmt>
        <EOYFMVAmt>22005</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST TRUST HEALTH CARE</StockNm>
        <EOYBookValueAmt>20440</EOYBookValueAmt>
        <EOYFMVAmt>20607</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST TRUST NASDAQ</StockNm>
        <EOYBookValueAmt>36305</EOYBookValueAmt>
        <EOYFMVAmt>46087</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST TRUST NASDAQ CLEAN</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST TRUST UTILITIES</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FRST TRST INDX INOVAT</StockNm>
        <EOYBookValueAmt>38276</EOYBookValueAmt>
        <EOYFMVAmt>41237</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FT CES INFRA ETF DV</StockNm>
        <EOYBookValueAmt>26917</EOYBookValueAmt>
        <EOYFMVAmt>29842</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FT RISING DIVIDEND</StockNm>
        <EOYBookValueAmt>189933</EOYBookValueAmt>
        <EOYFMVAmt>198051</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GLOBAL X FUNDS GLBL X</StockNm>
        <EOYBookValueAmt>162992</EOYBookValueAmt>
        <EOYFMVAmt>159019</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GLOBAL X MLP &amp; ENERGY</StockNm>
        <EOYBookValueAmt>48345</EOYBookValueAmt>
        <EOYFMVAmt>56087</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GLOBAL X RUSSLL 2000</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GLOBAL X S&amp;P 500 COVERED</StockNm>
        <EOYBookValueAmt>124463</EOYBookValueAmt>
        <EOYFMVAmt>116111</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INFRACAP REIT PREFERRED</StockNm>
        <EOYBookValueAmt>142660</EOYBookValueAmt>
        <EOYFMVAmt>141889</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INVESCO S&amp;P 500 LOW</StockNm>
        <EOYBookValueAmt>47429</EOYBookValueAmt>
        <EOYFMVAmt>47559</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INVSC KBW HIGH DVD YLD</StockNm>
        <EOYBookValueAmt>160059</EOYBookValueAmt>
        <EOYFMVAmt>154096</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES 7-10 YEAR</StockNm>
        <EOYBookValueAmt>207883</EOYBookValueAmt>
        <EOYFMVAmt>204829</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES US INDUSTRIALS IYJ</StockNm>
        <EOYBookValueAmt>34949</EOYBookValueAmt>
        <EOYFMVAmt>44372</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMORGAN EQUITY PREMIUM</StockNm>
        <EOYBookValueAmt>133985</EOYBookValueAmt>
        <EOYFMVAmt>132722</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHWAB US LARGE CAP ETF</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SELECT STR FINANCIAL ETF</StockNm>
        <EOYBookValueAmt>47857</EOYBookValueAmt>
        <EOYFMVAmt>53618</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR BLACKSTONE SENIOR</StockNm>
        <EOYBookValueAmt>135106</EOYBookValueAmt>
        <EOYFMVAmt>135140</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR BLOOMBERG 1 3 MNTH</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR BLOOMBERG 1 3 MNTH</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR FUND CONSUMER</StockNm>
        <EOYBookValueAmt>44104</EOYBookValueAmt>
        <EOYFMVAmt>51676</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANECK EMERGING MRK HGH</StockNm>
        <EOYBookValueAmt>69366</EOYBookValueAmt>
        <EOYFMVAmt>68857</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANECK SEMICONDUCTOR</StockNm>
        <EOYBookValueAmt>20069</EOYBookValueAmt>
        <EOYFMVAmt>21859</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD CONSUMER ETF</StockNm>
        <EOYBookValueAmt>11353</EOYBookValueAmt>
        <EOYFMVAmt>11840</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD FTSE DEVELOPED</StockNm>
        <EOYBookValueAmt>47122</EOYBookValueAmt>
        <EOYFMVAmt>50966</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD INFORMATION</StockNm>
        <EOYBookValueAmt>65321</EOYBookValueAmt>
        <EOYFMVAmt>88088</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD MATERIALS ETF</StockNm>
        <EOYBookValueAmt>25997</EOYBookValueAmt>
        <EOYFMVAmt>31150</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD RUSSELL 1000</StockNm>
        <EOYBookValueAmt>94893</EOYBookValueAmt>
        <EOYFMVAmt>111647</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD RUSSELL 1000 GROWTH ETF</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD RUSSELL 1000 VALUE ETF</StockNm>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherDecreasesSchedule documentId="RetDoc4">
      <OtherDecreasesDetail>
        <Desc>ADJUSTMENTS TO BASIS</Desc>
        <Amt>4970</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc5">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT/BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>14374</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>14374</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>6000</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3000</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>226</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>113</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>113</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc6">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX PAID</CategoryTxt>
        <Amt>221</Amt>
        <NetInvestmentIncomeAmt>221</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX PAID</CategoryTxt>
        <Amt>6196</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>