<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.1" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-07-09T13:30:58-07:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>521373749</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Bauer &amp; Scott CPAs LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>16027 Comprint Circle</AddressLine1Txt>
        <CityNm>Gaithersburg</CityNm>
        <StateAbbreviationCd>MD</StateAbbreviationCd>
        <ZIPCd>20877</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>834581531</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>B JOSEPH FADDEN FAMILY FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>BJOS</BusinessNameControlTxt>
      <PhoneNum>3217680071</PhoneNum>
      <USAddress>
        <AddressLine1Txt>424 4TH AVENUE</AddressLine1Txt>
        <CityNm>INDIALANTIC</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>32903</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>CHRISTOPHER J FADDEN</PersonNm>
      <PersonTitleTxt>Trustee</PersonTitleTxt>
      <SignatureDt>2024-07-09</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>CHRISTOPHER J</PersonFirstNm>
        <PersonLastNm>FADDEN</PersonLastNm>
      </PersonFullName>
      <SSN>999009999</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Thomas A Smith</PreparerPersonNm>
      <PTIN>P00641101</PTIN>
      <PhoneNum>3019488940</PhoneNum>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp>
        <TrustedCustomerCd>2</TrustedCustomerCd>
        <AuthenticationAssuranceLevelCd>AAL1</AuthenticationAssuranceLevelCd>
        <IdentityAssuranceLevelCd>IAL1</IdentityAssuranceLevelCd>
        <FederatedAssuranceLevelCd>FAL1</FederatedAssuranceLevelCd>
      </TrustedCustomerGrp>
    </AdditionalFilerInformation>
    <TaxYr>2023</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="23017517" softwareVersionNum="2023v5.1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3441417</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>8164</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>8164</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>8164</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>52756</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>50447</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>52756</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-102877</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>2130169</GrossSalesPriceAmt>
        <NetSTCapitalGainAdjNetIncmAmt>1059</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">4964</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>4868</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>-36993</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>63479</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>61979</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">2600</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>2505</AccountingFeesNetInvstIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">13214</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>12732</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">1242</TaxesRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">85</OtherExpensesRevAndExpnssAmt>
        <TotOprExpensesRevAndExpnssAmt>17141</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>15237</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>217500</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>217500</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>234641</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>15237</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>217500</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-271634</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>48242</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>61979</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>327591</CashBOYAmt>
        <CashEOYAmt>228743</CashEOYAmt>
        <CashEOYFMVAmt>228743</CashEOYFMVAmt>
        <OtherInvestmentsBOYAmt>2923699</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">3212674</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>3212674</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>3251290</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>3441417</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3441417</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>3251290</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>3441417</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>3251290</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>3441417</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>3251290</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>3441417</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>3251290</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-271634</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">461761</OtherIncreasesAmt>
        <SubtotalAmt>3441417</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>3441417</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>wells fargo xx3119 S/T COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>7646</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6073</CostOrOtherBasisAmt>
          <GainOrLossAmt>1573</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1573</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Goldman sachs tr finl sq treas</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>250000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>250000</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>wells fargo xx3119 L/T COVERED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>1710157</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1815458</CostOrOtherBasisAmt>
          <GainOrLossAmt>-105301</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-105301</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>invesco pte k1 - straddles 40%</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <CostOrOtherBasisAmt>32</CostOrOtherBasisAmt>
          <GainOrLossAmt>-32</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-32</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>invesco pte k1 - straddles 60%</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <CostOrOtherBasisAmt>49</CostOrOtherBasisAmt>
          <GainOrLossAmt>-49</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-49</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>189 invesco</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-01-01</AcquiredDt>
          <SoldDt>2023-08-11</SoldDt>
          <GrossSalesPriceAmt>4618</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4813</CostOrOtherBasisAmt>
          <GainOrLossAmt>-195</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-195</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>cs 5806 lt trades</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>75913</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>90425</CostOrOtherBasisAmt>
          <GainOrLossAmt>-14512</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-14512</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>cs 5806 lt trades reclass to st</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>399</GrossSalesPriceAmt>
          <GainOrLossAmt>399</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>399</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>cs 5806 st trades</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <CostOrOtherBasisAmt>399</CostOrOtherBasisAmt>
          <GainOrLossAmt>-399</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-399</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>bbva 3y 10.10%</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-04-24</AcquiredDt>
          <SoldDt>2023-07-28</SoldDt>
          <GrossSalesPriceAmt>30000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>30015</CostOrOtherBasisAmt>
          <GainOrLossAmt>-15</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-15</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>credit suisse ag</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-10-20</AcquiredDt>
          <SoldDt>2023-11-08</SoldDt>
          <GrossSalesPriceAmt>5699</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5699</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>jpm 2y 16.5%</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-01-24</AcquiredDt>
          <SoldDt>2023-04-26</SoldDt>
          <GrossSalesPriceAmt>30000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>30015</CostOrOtherBasisAmt>
          <GainOrLossAmt>-15</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-15</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>invesco pte k1 - stcl</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <CostOrOtherBasisAmt>68</CostOrOtherBasisAmt>
          <GainOrLossAmt>-68</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-68</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Capital Gain Dividends</PropertyDesc>
          <GainOrLossAmt>15737</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-102877</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>1059</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>671</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>671</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>671</TaxBasedOnInvestmentIncomeAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>39</EsPenaltyAmt>
        <TaxDueAmt>710</TaxDueAmt>
        <AppliedToESTaxAmt>0</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>false</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>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>CHRISTOPHER J FADDEN</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>3217680071</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>424 4th AVENUE</AddressLine1Txt>
          <CityNm>INDIALANTIC</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>32903</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>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <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>BROWNLOW J FADDEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>2260 S FRONT ST 207</AddressLine1Txt>
            <CityNm>MELBOURNE</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32901</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHRISTOPHER J FADDEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>302 RIVERSIDE DRIVE</AddressLine1Txt>
            <CityNm>MELBOURNE</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32951</ZIPCd>
          </USAddress>
          <TitleTxt>PRES/SEC/TREAS</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>4.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MATTHEW S FADDEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>2815 W 115TH DR</AddressLine1Txt>
            <CityNm>WESTMINSTER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80234</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRES</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>3063694</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>273261</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3336955</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>3336955</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>50054</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>3286901</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>164345</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>164345</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>671</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>671</TotalTaxAmt>
        <DistributableBeforeAdjAmt>163674</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>163674</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>163674</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>217500</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>217500</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>163674</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>51658</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>217500</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>51658</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>163674</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>2168</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>2168</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>2168</ExcessDistriCyovToNextYrAmt>
        <ExcessFromCurrentYearAmt>2168</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>BROWNLOW J FADDEN</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CITA RESCUE MISSION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2330 JONNY ELLISON DRIVE</AddressLine1Txt>
            <CityNm>MELBOURNE</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32901</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GIFTS OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HOPE CHILDRENS HOME</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>11415 HOPE INTERNATIONAL DRIVE</AddressLine1Txt>
            <CityNm>TAMPA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33625</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GIFTS OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HILLSDALE COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>33 E COLLEGE ST</AddressLine1Txt>
            <CityNm>HILLSDALE</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>49242</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GIFTS OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>NATIONAL ASSOCIATION FAMILY MINISTR</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 996</AddressLine1Txt>
            <CityNm>TONTITOWN</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72770</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GIFTS OF CHARITY</GrantOrContributionPurposeTxt>
          <Amt>17500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>217500</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>8164</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>52756</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>4964</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-87991</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>-14886</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>-22107</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>-14886</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>-36993</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>1-13</LineNumberTxt>
          <RelationshipStatementTxt>The Foundation was organized to further charitable, scientific, religious, and educational purposes by making distributions to organizations supporting these causes that qualify as exempt organizations under Section 501(c)(3).</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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="AccountingFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <AccountingFeesDetail>
        <CategoryTxt>tax preparation fees</CategoryTxt>
        <Amt>2600</Amt>
        <NetInvestmentIncomeAmt>2505</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <InvestmentsOtherGrp>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>3212674</BookValueAmt>
        <EOYFMVAmt>3212674</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherExpensesScheduleGrp>
        <Desc>invesco pte invest exps</Desc>
        <RevenueAndExpensesPerBooksAmt>24</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>licenses &amp; fees</Desc>
        <RevenueAndExpensesPerBooksAmt>61</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherIncomeDetail>
        <Desc>Other Investment Income</Desc>
        <RevenueAndExpensesPerBooksAmt>4964</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4868</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>inv advisory &amp; mgmt fees</CategoryTxt>
        <Amt>13214</Amt>
        <NetInvestmentIncomeAmt>12732</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <TaxesDetail>
        <CategoryTxt>foreign tax - cs 5806</CategoryTxt>
        <Amt>22</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>foreign tax - wf 3116</CategoryTxt>
        <Amt>385</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>irs -prior year form 990PF</CategoryTxt>
        <Amt>835</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
