﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-04-14T17:18:15-04:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>261289955</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>CROUCH &amp; COMPANY LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>14 N MAIN ST</AddressLine1Txt>
        <CityNm>WOODSTOWN</CityNm>
        <StateAbbreviationCd>NJ</StateAbbreviationCd>
        <ZIPCd>080981115</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>226809271</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>SALEM LIBRARY TRUST</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>% MAURICE W AYARS</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>SALE</BusinessNameControlTxt>
      <PhoneNum>8564784618</PhoneNum>
      <USAddress>
        <AddressLine1Txt>931 SEAVILLE CT</AddressLine1Txt>
        <CityNm>WOODSTOWN</CityNm>
        <StateAbbreviationCd>NJ</StateAbbreviationCd>
        <ZIPCd>08098</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>MAURICE W AYARS</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <PhoneNum>8564784618</PhoneNum>
      <SignatureDt>2025-04-14</SignatureDt>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>KEVIN L CROUCH CPA</PreparerPersonNm>
      <PTIN>P00640127</PTIN>
      <PhoneNum>8567691040</PhoneNum>
      <PreparationDt>2025-04-14</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="RetDoc8">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>680157</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>87</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>87</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>87</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>21354</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>21354</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>21354</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="RetDoc3">11758</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>35160</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>15980</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>33199</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>37421</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>21441</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">1800</AccountingFeesRevAndExpnssAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc7">336</TaxesRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc6">8604</OtherExpensesRevAndExpnssAmt>
        <TotOprExpensesRevAndExpnssAmt>10740</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>32327</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>32327</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>43067</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>32327</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-9868</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>37421</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>21441</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>22</CashBOYAmt>
        <CashEOYAmt>26</CashEOYAmt>
        <CashEOYFMVAmt>26</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>5791</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>6570</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>6570</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>115985</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc4">102602</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>210512</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>437935</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc5">442893</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>463049</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>559733</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>552091</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>680157</TotalAssetsEOYFMVAmt>
        <GrantsPayableBOYAmt>15101</GrantsPayableBOYAmt>
        <GrantsPayableEOYAmt>17327</GrantsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>15101</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>17327</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>544632</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>534764</CapitalStockEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>544632</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>534764</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>559733</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>552091</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>544632</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-9868</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>534764</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>534764</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapitalGainNetIncomeAmt>15980</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>520</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>520</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>520</TaxBasedOnInvestmentIncomeAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1">X</Form2220AttachedInd>
        <EsPenaltyAmt>18</EsPenaltyAmt>
        <TaxDueAmt>538</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>MAURICE W AYARS</IndividualWithBooksNm>
        <PhoneNum>8564784618</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>82 FERREL RD</AddressLine1Txt>
          <CityNm>MULLICA HILL</CityNm>
          <StateAbbreviationCd>NJ</StateAbbreviationCd>
          <ZIPCd>08062</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MAURICE W AYARS</PersonNm>
          <USAddress>
            <AddressLine1Txt>82 FERRELL RD</AddressLine1Txt>
            <CityNm>MULLICA HILL</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08062</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>SALEM CITY LIBRARY FOR PURCHASE OF BOOKS</Description1Txt>
        <Expenses1Amt>32327</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>4235</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>662701</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>666936</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>666936</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>10004</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>656932</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>32847</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>32847</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>520</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>520</TotalTaxAmt>
        <DistributableBeforeAdjAmt>32327</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>32327</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>32327</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>32327</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>32327</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>32327</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr1Amt>336</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>336</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>32327</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>32327</AppliedToCurrentYearAmt>
        <TotalCorpusAmt>336</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>336</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear1Amt>336</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SALEM LIBRARY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>BROADWAY</AddressLine1Txt>
            <CityNm>SALEM</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08079</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>BOOKS</GrantOrContributionPurposeTxt>
          <Amt>32327</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>32327</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>87</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>21354</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>11758</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>33199</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>33199</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>CROUCH &amp; CO CPA</CategoryTxt>
        <Amt>1800</Amt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc3">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>JANNEY</AssetDesc>
        <AcquiredDt>2011-05</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2024-04</SoldDt>
        <GrossSalesPriceAmt>8761</GrossSalesPriceAmt>
        <BasisAmt>12324</BasisAmt>
        <TotalNetAmt>-3563</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>JANNEY</AssetDesc>
        <AcquiredDt>2009-09</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2024-11</SoldDt>
        <GrossSalesPriceAmt>8800</GrossSalesPriceAmt>
        <BasisAmt>9232</BasisAmt>
        <TotalNetAmt>-432</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>JANNEY</AssetDesc>
        <AcquiredDt>2008-12</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2024-04</SoldDt>
        <GrossSalesPriceAmt>1619</GrossSalesPriceAmt>
        <BasisAmt>1846</BasisAmt>
        <TotalNetAmt>-227</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN ELECTRIC POWER CO</StockNm>
        <EOYBookValueAmt>9827</EOYBookValueAmt>
        <EOYFMVAmt>27669</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AT&amp;T INC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AUTOMATIC DATA PROCESSING</StockNm>
        <EOYBookValueAmt>5621</EOYBookValueAmt>
        <EOYFMVAmt>43910</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BRANDYWINE REALTY TRUST</StockNm>
        <EOYBookValueAmt>10169</EOYBookValueAmt>
        <EOYFMVAmt>4586</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DUKE ENERGY</StockNm>
        <EOYBookValueAmt>10980</EOYBookValueAmt>
        <EOYFMVAmt>17669</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FORD MOTOR COMPANY</StockNm>
        <EOYBookValueAmt>11017</EOYBookValueAmt>
        <EOYFMVAmt>6435</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTERNATIONAL BUSINESS MACHINE CORP</StockNm>
        <EOYBookValueAmt>6062</EOYBookValueAmt>
        <EOYFMVAmt>21983</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JOHNSON &amp; JOHNSON</StockNm>
        <EOYBookValueAmt>10940</EOYBookValueAmt>
        <EOYFMVAmt>17788</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PFIZER INC</StockNm>
        <EOYBookValueAmt>10433</EOYBookValueAmt>
        <EOYFMVAmt>10108</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VERIZON COMMUNICATIONS</StockNm>
        <EOYBookValueAmt>12177</EOYBookValueAmt>
        <EOYFMVAmt>15996</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WALMART STORES INC</StockNm>
        <EOYBookValueAmt>10998</EOYBookValueAmt>
        <EOYFMVAmt>40115</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PPL</StockNm>
        <EOYBookValueAmt>3806</EOYBookValueAmt>
        <EOYFMVAmt>3668</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CDK GLOBAL</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VIATRIS INC</StockNm>
        <EOYBookValueAmt>572</EOYBookValueAmt>
        <EOYFMVAmt>585</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc5">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GROWTH FUND AMER INC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>20869</BookValueAmt>
        <EOYFMVAmt>34097</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMER BAL FUND CL A</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>72649</BookValueAmt>
        <EOYFMVAmt>119912</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CAPITAL WRLD GRW &amp; INCOME</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>40382</BookValueAmt>
        <EOYFMVAmt>64367</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>EATON VANCE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1993</BookValueAmt>
        <EOYFMVAmt>3268</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PIMCO FDS TOTAL RETURN</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>68272</BookValueAmt>
        <EOYFMVAmt>55730</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INCOME FUND OF AMERICA</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>142233</BookValueAmt>
        <EOYFMVAmt>158499</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BOND FUND OF AMERICA</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>20971</BookValueAmt>
        <EOYFMVAmt>16670</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FRANKLIN ADJUSTABLE U S</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>12513</BookValueAmt>
        <EOYFMVAmt>10506</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CL P</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>46049</BookValueAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ADVISOR CL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>16962</BookValueAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="RetDoc6">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>JANNEY ASSET FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>8604</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc7">
      <TaxesDetail>
        <CategoryTxt>US TREASURY</CategoryTxt>
        <Amt>336</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>