﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2024v5.2">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-11-14T13:20:53-06:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>520959934</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>ELLIN &amp; TUCKER CHARTERED</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>400 EAST PRATT ST SUITE 200</AddressLine1Txt>
        <CityNm>BALTIMORE</CityNm>
        <StateAbbreviationCd>MD</StateAbbreviationCd>
        <ZIPCd>21202</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>472624595</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>JES AVANTI FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>JESA</BusinessNameControlTxt>
      <PhoneNum>2402542565</PhoneNum>
      <USAddress>
        <AddressLine1Txt>7350 KNOLLTOP PLACE</AddressLine1Txt>
        <CityNm>HUGHESVILLE</CityNm>
        <StateAbbreviationCd>MD</StateAbbreviationCd>
        <ZIPCd>20637</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JAMES SANDERS</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>2402542565</PhoneNum>
      <SignatureDt>2025-11-13</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>0</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>SUSAN KELLER</PreparerPersonNm>
      <PTIN>P00245169</PTIN>
      <PhoneNum>4107275735</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>19924134</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>520503</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>520503</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>520503</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>126955</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>6675434</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>126955</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>239</NetSTCapitalGainAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>647458</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>647458</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>520742</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstAdjNetIncmAmt>0</CompOfcrDirTrstAdjNetIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">69377</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>52033</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesAdjNetIncmAmt>41033</OtherProfFeesAdjNetIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>17344</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">47976</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>7460</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>7460</TaxesAdjNetIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="RetDoc2203000001">105611</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>0</DeprecAndDpltnNetInvstIncmAmt>
        <DeprecAndDpltnAdjNetIncmAmt>33100</DeprecAndDpltnAdjNetIncmAmt>
        <OccupancyRevAndExpnssAmt>7675</OccupancyRevAndExpnssAmt>
        <OccupancyNetInvstIncmAmt>0</OccupancyNetInvstIncmAmt>
        <OccupancyAdjNetIncmAmt>0</OccupancyAdjNetIncmAmt>
        <OccupancyDsbrsChrtblAmt>7675</OccupancyDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>4547</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>0</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingAdjNetIncmAmt>0</TravConfMeetingAdjNetIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>4547</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">294715</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>0</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>294715</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>529901</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>59493</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>81593</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>324281</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>2130</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>2130</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>532031</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>59493</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>81593</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>326411</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>115427</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>587965</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>439149</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>325652</CashBOYAmt>
        <CashEOYAmt>423636</CashEOYAmt>
        <CashEOYFMVAmt>423636</CashEOYFMVAmt>
        <CorporateStockBOYAmt>7142819</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">5845618</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>7850236</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>9149727</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc2044400001">8915603</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>8860255</CorporateBondsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>3623122</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>881815</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>1170077</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="RetDoc2059000001">2741307</LandEOYAmt>
        <LandEOYFMVAmt>2741307</LandEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc2046600001">393233</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc2046600001">48700</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc2046600001">48700</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>18181508</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>17974864</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>19924134</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>418032</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>48700</AccountsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>418032</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>48700</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>17313792</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>17313792</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>449684</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>612372</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>17763476</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>17926164</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>18181508</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>17974864</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>17763476</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>115427</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="RetDoc2049700001">47261</OtherIncreasesAmt>
        <SubtotalAmt>17926164</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>17926164</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>2906000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2905761</CostOrOtherBasisAmt>
          <GainOrLossAmt>239</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>239</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>3760597</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3642718</CostOrOtherBasisAmt>
          <GainOrLossAmt>117879</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>117879</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAINS DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>8837</GrossSalesPriceAmt>
          <GainOrLossAmt>8837</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8837</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>126955</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>239</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>8173</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>8173</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>8173</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>13884</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>12000</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>25884</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>89</EsPenaltyAmt>
        <OverpaymentAmt>17622</OverpaymentAmt>
        <AppliedToESTaxAmt>17622</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>MD</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>1</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>WWW.JESAVANTIFOUNDATION.ORG</WebsiteAddressTxt>
        <IndividualWithBooksNm>KILNER CAPITAL ADVISORS LLC</IndividualWithBooksNm>
        <PhoneNum>3018400501</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>438 N FREDERICK AVE</AddressLine1Txt>
          <CityNm>GAITHERSBURG</CityNm>
          <StateAbbreviationCd>MD</StateAbbreviationCd>
          <ZIPCd>20877</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>1</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>0</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JAMES SANDERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>7350 KNOLLTOP PLACE</AddressLine1Txt>
            <CityNm>HUGHESVILLE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20637</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>10.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LIZ SANDERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>7350 KNOLLTOP PLACE</AddressLine1Txt>
            <CityNm>HUGHESVILLE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20637</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>20.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOSHUA SANDERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>7350 KNOLLTOP PLACE</AddressLine1Txt>
            <CityNm>HUGHESVILLE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20637</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KYLE SANDERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>7350 KNOLLTOP PLACE</AddressLine1Txt>
            <CityNm>HUGHESVILLE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20637</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BEAU SANDERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>7350 KNOLLTOP PLACE</AddressLine1Txt>
            <CityNm>HUGHESVILLE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20637</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>KILNER CAPITAL ADVISORS</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>438 N FREDERICK AVENUE SUITE 465</AddressLine1Txt>
            <CityNm>GAITHERSBURG</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20877</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>MGMT&amp;ACCOUNTING SRVS</ServiceTypeTxt>
          <CompensationAmt>69377</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>THE FOUNDATION CREATED PROGRAMS AND PURCHASED EQUIPMENT TO ASSIST THE DISABLED AND ECONOMICALLY DISADVANTAGED IN ENJOYING SUSTAINABLE HUNTING AND FISHING, AND VETERAN SUPPORT.</Description1Txt>
        <Expenses1Amt>1893289</Expenses1Amt>
        <Description2Txt>THE FOUNDATION PARTICIPATED IN WILDLIFE CONSERVATION, ANIMAL RESCUE AND REHABILITATION, ECOLOGY AND NATURAL RESOURCE MANAGEMENT.</Description2Txt>
        <Expenses2Amt>81056</Expenses2Amt>
        <Description3Txt>THE FOUNDATION SUPPORTS NATURE APPRECIATION AND EDUCATION TO STRENGTHEN THE RELATIONSHIP BETWEEN PEOPLE AND THEIR ENVIRONMENT.</Description3Txt>
        <Expenses3Amt>61364</Expenses3Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>17115743</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>374644</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>17490387</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>17490387</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>262356</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>17228031</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>861402</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>326411</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>1345587</CharitableAssetsAcquisPaidAmt>
        <QualifyingDistributionsAmt>1671998</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>2016-03-15</PrivateOperatingFndtnRulingDt>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>439149</CurrentYearAmt>
          <Year1Amt>575489</Year1Amt>
          <Year2Amt>470090</Year2Amt>
          <Year3Amt>467020</Year3Amt>
          <TotalAmt>1951748</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>373277</CurrentYearAmt>
          <Year1Amt>489166</Year1Amt>
          <Year2Amt>399577</Year2Amt>
          <Year3Amt>396967</Year3Amt>
          <TotalAmt>1658986</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>1671998</CurrentYearAmt>
          <Year1Amt>888384</Year1Amt>
          <Year2Amt>609497</Year2Amt>
          <Year3Amt>419855</Year3Amt>
          <TotalAmt>3589734</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>2130</CurrentYearAmt>
          <Year1Amt>2158</Year1Amt>
          <Year2Amt>1750</Year2Amt>
          <Year3Amt>4145</Year3Amt>
          <TotalAmt>10183</TotalAmt>
        </QualifyingDistriNotUsedDrtGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>1669868</CurrentYearAmt>
          <Year1Amt>886226</Year1Amt>
          <Year2Amt>607747</Year2Amt>
          <Year3Amt>415710</Year3Amt>
          <TotalAmt>3579551</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TotalAssetsGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsSect4942j3BiGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>574268</CurrentYearAmt>
          <Year1Amt>567069</Year1Amt>
          <Year2Amt>557893</Year2Amt>
          <Year3Amt>571951</Year3Amt>
          <TotalAmt>2271181</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
        <TotalSupportGrp>
          <TotalAmt>0</TotalAmt>
        </TotalSupportGrp>
        <PublicSupportType>
          <TotalAmt>0</TotalAmt>
        </PublicSupportType>
        <LargestSupportFromEOGrp>
          <TotalAmt>0</TotalAmt>
        </LargestSupportFromEOGrp>
        <GrossInvestmentIncomeGrp>
          <TotalAmt>0</TotalAmt>
        </GrossInvestmentIncomeGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CENTER FOR BIOLOGICAL DIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 710</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85702</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO PROTECT THE LANDS, WATER, AND CLIMATE THAT SPECIES NEED TO SURVIVE</GrantOrContributionPurposeTxt>
          <Amt>300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TROPICAL AUDUBON SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5530 SUNSET DR</AddressLine1Txt>
            <CityNm>MIAMI</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33143</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONSERVE AND RESTORE SOUTH FLORIDA ECOSYSTEMS.</GrantOrContributionPurposeTxt>
          <Amt>911</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>A FAMILY IN NEED</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3501 BLACK HORSE PIKE STE 530</AddressLine1Txt>
            <CityNm>TURNERSVILLE</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08012</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO ALLEVIATE THE FINANCIAL STRAIN FOR FAMILIES FACING ADVERSITY.</GrantOrContributionPurposeTxt>
          <Amt>357</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARBOR DAY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>211 N 12TH STREET</AddressLine1Txt>
            <CityNm>LINCOLN</CityNm>
            <StateAbbreviationCd>NE</StateAbbreviationCd>
            <ZIPCd>68508</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO PLANT TREES WITH INTENTION AT A GLOBAL SCALE</GrantOrContributionPurposeTxt>
          <Amt>50</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FRIENDS OF MAXWELL HALL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>17388 TEAGUES POINT RD</AddressLine1Txt>
            <CityNm>HUGHSVILLE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20637</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO SUPPORT MAXWELL HALL</GrantOrContributionPurposeTxt>
          <Amt>50</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EAGLES AUTISM CHALLENGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ONE NOVACARE WAY</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19145</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO FUND AUTISM RESEARCH</GrantOrContributionPurposeTxt>
          <Amt>432</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DACHSHUND ENLIGHTENMENT FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1312</AddressLine1Txt>
            <CityNm>HOPEWELL</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>23860</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO DEVELOP AN OPEN DIALOGUE BETWEEN DACHSHUND OWNERS, BREEDERS, RESCUES AND VETERINARIANS SHARING INFORMATION TO HELP EVERY DOXIE LIVE A LONG HAPPY LIFE</GrantOrContributionPurposeTxt>
          <Amt>30</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>2130</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>520503</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>126955</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>647458</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>647458</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <DepreciationSchedule documentId="RetDoc2203000001">
      <DepreciationPropertyGrp>
        <PropertyDesc>REGION 2000 POLARIS 4 WHEELER</PropertyDesc>
        <AcquiredDt>2015-09-08</AcquiredDt>
        <CostOrOtherBasisAmt>11874</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>11874</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>TRACTOR</PropertyDesc>
        <AcquiredDt>2015-08-25</AcquiredDt>
        <CostOrOtherBasisAmt>44850</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>44850</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>JOHN DEERE MULE</PropertyDesc>
        <AcquiredDt>2015-08-25</AcquiredDt>
        <CostOrOtherBasisAmt>15600</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>15600</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SHED</PropertyDesc>
        <AcquiredDt>2015-10-16</AcquiredDt>
        <CostOrOtherBasisAmt>3999</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3999</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FLAG POLE</PropertyDesc>
        <AcquiredDt>2016-12-28</AcquiredDt>
        <CostOrOtherBasisAmt>1068</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>595</PriorYearDepreciationAmt>
        <ComputationMethodTxt>150DB</ComputationMethodTxt>
        <LifeRt>15.000000000000</LifeRt>
        <CurrentYearExpenseAmt>63</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSH HOG</PropertyDesc>
        <AcquiredDt>2016-12-27</AcquiredDt>
        <CostOrOtherBasisAmt>3540</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3540</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>MOWER</PropertyDesc>
        <AcquiredDt>2016-04-21</AcquiredDt>
        <CostOrOtherBasisAmt>8669</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>8669</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FORD TRANSIT VAN</PropertyDesc>
        <AcquiredDt>2016-09-15</AcquiredDt>
        <CostOrOtherBasisAmt>36557</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>36557</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>WOODS PLANTER</PropertyDesc>
        <AcquiredDt>2016-04-15</AcquiredDt>
        <CostOrOtherBasisAmt>8768</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4886</PriorYearDepreciationAmt>
        <ComputationMethodTxt>150DB</ComputationMethodTxt>
        <LifeRt>15.000000000000</LifeRt>
        <CurrentYearExpenseAmt>518</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>POLE BARN</PropertyDesc>
        <AcquiredDt>2016-10-18</AcquiredDt>
        <CostOrOtherBasisAmt>17884</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4685</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>650</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FERRUM HOUSE</PropertyDesc>
        <AcquiredDt>2016-11-15</AcquiredDt>
        <CostOrOtherBasisAmt>37126</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>9619</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>1350</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BOAT - 29 FT</PropertyDesc>
        <AcquiredDt>2017-06-13</AcquiredDt>
        <CostOrOtherBasisAmt>112955</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>107914</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>5041</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>NO TILL PLANTER</PropertyDesc>
        <AcquiredDt>2017-07-27</AcquiredDt>
        <CostOrOtherBasisAmt>8990</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>8990</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>GOLF CARTS</PropertyDesc>
        <AcquiredDt>2017-05-04</AcquiredDt>
        <CostOrOtherBasisAmt>11015</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>10523</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>492</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>MOWER</PropertyDesc>
        <AcquiredDt>2017-05-03</AcquiredDt>
        <CostOrOtherBasisAmt>10653</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>10653</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FERRUM HOUSE IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2017-05-01</AcquiredDt>
        <CostOrOtherBasisAmt>146590</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>35318</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>5331</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BARN CONSTRUCTION</PropertyDesc>
        <AcquiredDt>2018-12-19</AcquiredDt>
        <CostOrOtherBasisAmt>121084</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>22198</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>4403</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BOAT TRAILER</PropertyDesc>
        <AcquiredDt>2018-05-31</AcquiredDt>
        <CostOrOtherBasisAmt>3888</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3888</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>GOLF CARTS</PropertyDesc>
        <AcquiredDt>2018-09-04</AcquiredDt>
        <CostOrOtherBasisAmt>9762</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>8455</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>871</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>TRUCK</PropertyDesc>
        <AcquiredDt>2018-08-16</AcquiredDt>
        <CostOrOtherBasisAmt>39900</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>39900</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SEAWALL REPAIR</PropertyDesc>
        <AcquiredDt>2018-04-24</AcquiredDt>
        <CostOrOtherBasisAmt>66135</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>29036</PriorYearDepreciationAmt>
        <ComputationMethodTxt>150DB</ComputationMethodTxt>
        <LifeRt>15.000000000000</LifeRt>
        <CurrentYearExpenseAmt>3905</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSHWOOD WHITEHOUSE IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2018-12-15</AcquiredDt>
        <CostOrOtherBasisAmt>29647</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5435</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>1078</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FERRUM HOUSE IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2018-03-29</AcquiredDt>
        <CostOrOtherBasisAmt>15850</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3336</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>576</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSH HOG</PropertyDesc>
        <AcquiredDt>2019-08-22</AcquiredDt>
        <CostOrOtherBasisAmt>6030</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5604</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>426</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EXCAVATOR</PropertyDesc>
        <AcquiredDt>2019-11-13</AcquiredDt>
        <CostOrOtherBasisAmt>58000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>43441</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>5064</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSHWOOD BARN IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2019-06-30</AcquiredDt>
        <CostOrOtherBasisAmt>92244</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>15233</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>3354</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSHWOOD OSPREY HOUSE IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2019-06-30</AcquiredDt>
        <CostOrOtherBasisAmt>119137</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>19675</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>4332</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>GOSHEN HOUSE AND LAND</PropertyDesc>
        <AcquiredDt>2019-12-18</AcquiredDt>
        <CostOrOtherBasisAmt>352229</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>51766</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>12808</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSHWOOD PIER</PropertyDesc>
        <AcquiredDt>2019-10-28</AcquiredDt>
        <CostOrOtherBasisAmt>77300</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>46430</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>10.000000000000</LifeRt>
        <CurrentYearExpenseAmt>6174</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>TRACKED LOADER</PropertyDesc>
        <AcquiredDt>2020-01-14</AcquiredDt>
        <CostOrOtherBasisAmt>52908</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>36381</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>4722</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BOAT LIFT</PropertyDesc>
        <AcquiredDt>2020-01-17</AcquiredDt>
        <CostOrOtherBasisAmt>61318</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>18852</PriorYearDepreciationAmt>
        <ComputationMethodTxt>150DB</ComputationMethodTxt>
        <LifeRt>15.000000000000</LifeRt>
        <CurrentYearExpenseAmt>4247</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FERRUM PATIO</PropertyDesc>
        <AcquiredDt>2020-04-03</AcquiredDt>
        <CostOrOtherBasisAmt>12000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3689</PriorYearDepreciationAmt>
        <ComputationMethodTxt>150DB</ComputationMethodTxt>
        <LifeRt>15.000000000000</LifeRt>
        <CurrentYearExpenseAmt>831</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OSPREY HOUSE IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2020-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>61525</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6804</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>2237</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSHWOOD FENCE</PropertyDesc>
        <AcquiredDt>2020-08-19</AcquiredDt>
        <CostOrOtherBasisAmt>11605</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3568</PriorYearDepreciationAmt>
        <ComputationMethodTxt>150DB</ComputationMethodTxt>
        <LifeRt>15.000000000000</LifeRt>
        <CurrentYearExpenseAmt>804</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>2020 FORD TRANSIT VAN</PropertyDesc>
        <AcquiredDt>2020-09-15</AcquiredDt>
        <CostOrOtherBasisAmt>26033</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>21534</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>2999</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSHWOOD POOL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2021-04-20</AcquiredDt>
        <CostOrOtherBasisAmt>30150</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2969</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>1096</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSHWOOD POOL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2021-05-10</AcquiredDt>
        <CostOrOtherBasisAmt>21478</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2050</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>781</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSHWOOD POOL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2021-09-21</AcquiredDt>
        <CostOrOtherBasisAmt>5000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>417</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>182</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSHWOOD GROUNDS &amp; FACILITIES IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2022-03-15</AcquiredDt>
        <CostOrOtherBasisAmt>89363</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5823</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>3250</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3250</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>STORAGE SHED</PropertyDesc>
        <AcquiredDt>2022-06-08</AcquiredDt>
        <CostOrOtherBasisAmt>10012</CostOrOtherBasisAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1430</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>TRAILER</PropertyDesc>
        <AcquiredDt>2022-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>4530</CostOrOtherBasisAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>906</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SEE WALL REPAIRS AT BUSHWOOD</PropertyDesc>
        <AcquiredDt>2023-12-19</AcquiredDt>
        <CostOrOtherBasisAmt>35680</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>54</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>1297</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1297</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAR TRAILER - SLEATH 10K ENCLOSED CAR HAULER</PropertyDesc>
        <AcquiredDt>2023-05-10</AcquiredDt>
        <CostOrOtherBasisAmt>29046</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1162</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1859</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>5809</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PARKER BOAT TRAILER</PropertyDesc>
        <AcquiredDt>2023-07-17</AcquiredDt>
        <CostOrOtherBasisAmt>8506</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>340</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>544</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1701</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SEAWALL REPAIR</PropertyDesc>
        <AcquiredDt>2023-11-22</AcquiredDt>
        <CostOrOtherBasisAmt>2500</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>25</PriorYearDepreciationAmt>
        <ComputationMethodTxt>150DB</ComputationMethodTxt>
        <LifeRt>15.000000000000</LifeRt>
        <CurrentYearExpenseAmt>48</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>167</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>KAUFMAN TRAILER</PropertyDesc>
        <AcquiredDt>2024-02-13</AcquiredDt>
        <CostOrOtherBasisAmt>11553</CostOrOtherBasisAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>7856</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2118</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUSHWOOD ROOF</PropertyDesc>
        <AcquiredDt>2024-08-14</AcquiredDt>
        <CostOrOtherBasisAmt>52000</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>709</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>709</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SEAWALL REPAIR</PropertyDesc>
        <AcquiredDt>2024-03-08</AcquiredDt>
        <CostOrOtherBasisAmt>54233</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>1561</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1561</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SEAWALL REPAIR</PropertyDesc>
        <AcquiredDt>2024-04-11</AcquiredDt>
        <CostOrOtherBasisAmt>64000</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>1648</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1648</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SEAWALL REPAIR</PropertyDesc>
        <AcquiredDt>2024-06-27</AcquiredDt>
        <CostOrOtherBasisAmt>68000</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>1339</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1339</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SEAWALL REPAIR</PropertyDesc>
        <AcquiredDt>2024-08-09</AcquiredDt>
        <CostOrOtherBasisAmt>58000</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>791</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>791</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SEAWALL REPAIR</PropertyDesc>
        <AcquiredDt>2024-12-20</AcquiredDt>
        <CostOrOtherBasisAmt>48300</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>73</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>73</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>4431 DURHAM NC</PropertyDesc>
        <AcquiredDt>2024-04-18</AcquiredDt>
        <CostOrOtherBasisAmt>517402</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.000000000000</LifeRt>
        <CurrentYearExpenseAmt>9397</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>9397</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>4431 DURHAM IMPROVEMANTS</PropertyDesc>
        <AcquiredDt>2024-09-13</AcquiredDt>
        <CostOrOtherBasisAmt>85279</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>904</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>904</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>4431 DURHAM LAND</PropertyDesc>
        <AcquiredDt>2024-04-18</AcquiredDt>
        <CostOrOtherBasisAmt>731354</CostOrOtherBasisAmt>
        <ComputationMethodTxt>L</ComputationMethodTxt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>INVESTMENTS - CORPORATE BONDS</BondNm>
        <EOYBookValueAmt>8915603</EOYBookValueAmt>
        <EOYFMVAmt>8860255</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>INVESTMENTS - CORPORATE STOCKS</StockNm>
        <EOYBookValueAmt>5845618</EOYBookValueAmt>
        <EOYFMVAmt>7850236</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="RetDoc2059000001">
      <LandEtcGrp>
        <CategoryOrItemTxt>REGION 2000 POLARIS 4 WHEELER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11874</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>11874</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>TRACTOR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>44850</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>44850</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>JOHN DEERE MULE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>15600</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>15600</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SHED</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3999</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3999</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FLAG POLE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1068</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>658</AccumulatedDepreciationAmt>
        <BookValueAmt>410</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSH HOG</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3540</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3540</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>MOWER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>8669</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>8669</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FORD TRANSIT VAN</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>36557</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>36557</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>WOODS PLANTER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>8768</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>5404</AccumulatedDepreciationAmt>
        <BookValueAmt>3364</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>POLE BARN</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>17884</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>5335</AccumulatedDepreciationAmt>
        <BookValueAmt>12549</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FERRUM HOUSE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>37126</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>10969</AccumulatedDepreciationAmt>
        <BookValueAmt>26157</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BOAT - 29 FT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>112955</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>112955</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>NO TILL PLANTER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>8990</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>8990</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>GOLF CARTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11015</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>11015</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>MOWER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>10653</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>10653</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FERRUM HOUSE IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>146590</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>40649</AccumulatedDepreciationAmt>
        <BookValueAmt>105941</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BARN CONSTRUCTION</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>121084</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>26601</AccumulatedDepreciationAmt>
        <BookValueAmt>94483</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BOAT TRAILER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3888</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3888</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>GOLF CARTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>9762</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>9326</AccumulatedDepreciationAmt>
        <BookValueAmt>436</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>TRUCK</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>39900</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>39900</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SEAWALL REPAIR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>66135</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>32941</AccumulatedDepreciationAmt>
        <BookValueAmt>33194</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSHWOOD WHITEHOUSE IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>29647</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6513</AccumulatedDepreciationAmt>
        <BookValueAmt>23134</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FERRUM HOUSE IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>15850</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3912</AccumulatedDepreciationAmt>
        <BookValueAmt>11938</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSH HOG</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>6030</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6030</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EXCAVATOR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>58000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>48505</AccumulatedDepreciationAmt>
        <BookValueAmt>9495</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSHWOOD BARN IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>92244</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>18587</AccumulatedDepreciationAmt>
        <BookValueAmt>73657</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSHWOOD OSPREY HOUSE IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>119137</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>24007</AccumulatedDepreciationAmt>
        <BookValueAmt>95130</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>GOSHEN HOUSE AND LAND</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>352229</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>64574</AccumulatedDepreciationAmt>
        <BookValueAmt>287655</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSHWOOD PIER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>77300</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>52604</AccumulatedDepreciationAmt>
        <BookValueAmt>24696</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>TRACKED LOADER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>52908</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>41103</AccumulatedDepreciationAmt>
        <BookValueAmt>11805</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BOAT LIFT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>61318</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>23099</AccumulatedDepreciationAmt>
        <BookValueAmt>38219</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FERRUM PATIO</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>12000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4520</AccumulatedDepreciationAmt>
        <BookValueAmt>7480</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>OSPREY HOUSE IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>61525</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>9041</AccumulatedDepreciationAmt>
        <BookValueAmt>52484</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSHWOOD FENCE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11605</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4372</AccumulatedDepreciationAmt>
        <BookValueAmt>7233</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>2020 FORD TRANSIT VAN</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>26033</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>24533</AccumulatedDepreciationAmt>
        <BookValueAmt>1500</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSHWOOD POOL IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>30150</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4065</AccumulatedDepreciationAmt>
        <BookValueAmt>26085</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSHWOOD POOL IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>21478</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2831</AccumulatedDepreciationAmt>
        <BookValueAmt>18647</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSHWOOD POOL IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>5000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>599</AccumulatedDepreciationAmt>
        <BookValueAmt>4401</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSHWOOD GROUNDS &amp; FACILITIES IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>89363</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>9073</AccumulatedDepreciationAmt>
        <BookValueAmt>80290</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>STORAGE SHED</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>10012</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>10012</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>TRAILER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>4530</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4530</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SEE WALL REPAIRS AT BUSHWOOD</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>35680</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1351</AccumulatedDepreciationAmt>
        <BookValueAmt>34329</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>CAR TRAILER - SLEATH 10K ENCLOSED CAR HAULER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>29046</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>26258</AccumulatedDepreciationAmt>
        <BookValueAmt>2788</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>PARKER BOAT TRAILER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>8506</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>7689</AccumulatedDepreciationAmt>
        <BookValueAmt>817</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SEAWALL REPAIR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2500</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2073</AccumulatedDepreciationAmt>
        <BookValueAmt>427</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>KAUFMAN TRAILER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11553</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>7856</AccumulatedDepreciationAmt>
        <BookValueAmt>3697</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BUSHWOOD ROOF</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>52000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>709</AccumulatedDepreciationAmt>
        <BookValueAmt>51291</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SEAWALL REPAIR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>54233</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1561</AccumulatedDepreciationAmt>
        <BookValueAmt>52672</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SEAWALL REPAIR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>64000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1648</AccumulatedDepreciationAmt>
        <BookValueAmt>62352</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SEAWALL REPAIR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>68000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1339</AccumulatedDepreciationAmt>
        <BookValueAmt>66661</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SEAWALL REPAIR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>58000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>791</AccumulatedDepreciationAmt>
        <BookValueAmt>57209</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SEAWALL REPAIR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>48300</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>73</AccumulatedDepreciationAmt>
        <BookValueAmt>48227</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>4431 DURHAM NC</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>517402</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>9397</AccumulatedDepreciationAmt>
        <BookValueAmt>508005</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>4431 DURHAM IMPROVEMANTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>85279</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>904</AccumulatedDepreciationAmt>
        <BookValueAmt>84375</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>4431 DURHAM LAND</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>731354</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>731354</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>CONSTRUCTION IN PROGRESS</Desc>
        <BOYBookValueAmt>393233</BOYBookValueAmt>
        <EOYBookValueAmt>48700</EOYBookValueAmt>
        <EOYFMVAmt>48700</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>ADMINISTRATIVE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>4118</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4118</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BOAT SLIP FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>5438</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5438</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EQUIPMENT FUEL</Desc>
        <RevenueAndExpensesPerBooksAmt>13516</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>13516</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EVENTS</Desc>
        <RevenueAndExpensesPerBooksAmt>159572</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>159572</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>15910</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>15910</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>25888</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>25888</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>13292</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>13292</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PROPERTY MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>55484</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>55484</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TRAINING/EDUCATION</Desc>
        <RevenueAndExpensesPerBooksAmt>1497</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1497</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>ACCRUED INTEREST PAID AND OTHER ADJUSTMENT</Desc>
        <Amt>47261</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>52033</Amt>
        <NetInvestmentIncomeAmt>52033</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>41033</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>RECORDKEEPING AND MGT ASSISTANCE</CategoryTxt>
        <Amt>17344</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>17344</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID</CategoryTxt>
        <Amt>7460</Amt>
        <NetInvestmentIncomeAmt>7460</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>7460</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>REAL ESTATE</CategoryTxt>
        <Amt>19177</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>21339</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>