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      <PreparerFirmName>
        <BusinessNameLine1Txt>R &amp; H Accounting Solutions</BusinessNameLine1Txt>
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      <PreparerUSAddress>
        <AddressLine1Txt>2205 Miguel Chavez Road Ste F</AddressLine1Txt>
        <CityNm>Santa Fe</CityNm>
        <StateAbbreviationCd>NM</StateAbbreviationCd>
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      <USAddress>
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        <CityNm>Santa Fe</CityNm>
        <StateAbbreviationCd>NM</StateAbbreviationCd>
        <ZIPCd>87501</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Paul B Schmidt</PersonNm>
      <PersonTitleTxt>Secretary/Treas</PersonTitleTxt>
      <SignatureDt>2025-02-26</SignatureDt>
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    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>JAMIE HAFFEY CPA</PreparerPersonNm>
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      <PhoneNum>5055691999</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
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    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
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      <AnalysisOfRevenueAndExpenses>
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        <NetInvestmentIncomeAmt>415050</NetInvestmentIncomeAmt>
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        <TotalLiabilitiesBOYAmt>9746</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>18155</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
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      <ChgInNetAssetsFundBalancesGrp>
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        <ExcessRevenueOverExpensesAmt>-57570</ExcessRevenueOverExpensesAmt>
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        <TotNetAstOrFundBalancesEOYAmt>3595020</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>See attached statement</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2024-01-01</AcquiredDt>
          <SoldDt>2024-11-30</SoldDt>
          <GrossSalesPriceAmt>249555</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>246907</CostOrOtherBasisAmt>
          <GainOrLossAmt>2648</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2648</GainsMinusExcessOrLossesAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>See attached statement</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2001-01-01</AcquiredDt>
          <SoldDt>2024-11-30</SoldDt>
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          <CostOrOtherBasisAmt>937307</CostOrOtherBasisAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Capital Gain Dividends</PropertyDesc>
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        <TotalPaymentsAndCreditsAmt>4520</TotalPaymentsAndCreditsAmt>
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        <AppliedToESTaxAmt>0</AppliedToESTaxAmt>
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      <StatementsRegardingActyGrp>
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        <Form1120POLFiledInd>false</Form1120POLFiledInd>
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        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
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        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
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        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>Paul B Schmidt SecTreas</BusinessNameLine1Txt>
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        <PhoneNum>5059848944</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>347 E Palace Ave</AddressLine1Txt>
          <CityNm>Santa Fe</CityNm>
          <StateAbbreviationCd>NM</StateAbbreviationCd>
          <ZIPCd>87501</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
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      <StatementsRegardingActy4720Grp>
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        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Elise W Schmidt</PersonNm>
          <USAddress>
            <AddressLine1Txt>347 E Palace Ave</AddressLine1Txt>
            <CityNm>Santa Fe</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87501</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Paul B Schmidt</PersonNm>
          <USAddress>
            <AddressLine1Txt>347 E Palace Ave</AddressLine1Txt>
            <CityNm>Santa Fe</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87501</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary/Treas</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Tracey Elise Hogan</PersonNm>
          <USAddress>
            <AddressLine1Txt>347 E Palace Ave</AddressLine1Txt>
            <CityNm>Santa Fe</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87501</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Mary Emily Hogan</PersonNm>
          <USAddress>
            <AddressLine1Txt>347 E Palace Ave</AddressLine1Txt>
            <CityNm>Santa Fe</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87501</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>William Hobson Hogan</PersonNm>
          <USAddress>
            <AddressLine1Txt>347 E Palace Ave</AddressLine1Txt>
            <CityNm>Santa Fe</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87501</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
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      <MinimumInvestmentReturnGrp>
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        <AverageMonthlyCashBalancesAmt>144847</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>4819707</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>4819707</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>72296</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>4747411</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>237371</MinimumInvestmentReturnAmt>
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      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>237371</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>5769</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>5769</TotalTaxAmt>
        <DistributableBeforeAdjAmt>231602</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>231602</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>231602</DistributableAsAdjustedAmt>
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      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>459479</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>459479</QualifyingDistributionsAmt>
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        <ExcessDistributionCyovYr5Amt>93480</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>115039</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>124925</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>126879</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>210061</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>670384</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>459479</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>231602</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>227877</RemainingDistriFromCorpusAmt>
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        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>93480</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>804781</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>115039</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>124925</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>126879</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>210061</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>227877</ExcessFromCurrentYearAmt>
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        <ContributingManagerNm>Elise W Schmidt</ContributingManagerNm>
        <ContributingManagerNm>Tracey Elise Hogan</ContributingManagerNm>
        <ContributingManagerNm>Mary Emily Hogan</ContributingManagerNm>
        <ContributingManagerNm>William Hobson Hogan</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>See Attached Statement #11</BusinessNameLine1Txt>
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          <RecipientUSAddress>
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            <CityNm>Santa Fe</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87501</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>None</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General Support</GrantOrContributionPurposeTxt>
          <Amt>451500</Amt>
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          <ExclusionAmt>107494</ExclusionAmt>
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        <OtherInvestmentIncomeGrp>
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          <ExclusionAmt>510</ExclusionAmt>
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        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>336700</ExclusionAmt>
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        <SubtotalsIncmProducingActyGrp>
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        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>444704</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>
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      <AccountingFeesDetail>
        <CategoryTxt>Accounting and Tax</CategoryTxt>
        <Amt>7979</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7979</DisbursementsCharitablePrpsAmt>
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    </AccountingFeesSchedule>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>Stifel (See attached Statement #13)</BondNm>
        <EOYBookValueAmt>1017442</EOYBookValueAmt>
        <EOYFMVAmt>1018004</EOYFMVAmt>
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    </InvestmentsCorpBondsSchedule>
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      <InvestmentsCorporateStockGrp>
        <StockNm>Stifel (See attached Statement #13)</StockNm>
        <EOYBookValueAmt>2400389</EOYBookValueAmt>
        <EOYFMVAmt>3616090</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="23017517" softwareVersionNum="2023v6.0">
      <OtherAssetsScheduleGrp>
        <Desc>Accrued Interest</Desc>
        <BOYBookValueAmt>9116</BOYBookValueAmt>
        <EOYBookValueAmt>12967</EOYBookValueAmt>
        <EOYFMVAmt>12967</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="23017517" softwareVersionNum="2023v6.0">
      <OtherIncomeDetail>
        <Desc>Other Investment Income</Desc>
        <RevenueAndExpensesPerBooksAmt>510</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>510</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule" softwareId="23017517" softwareVersionNum="2023v6.0">
      <OtherLiabilitiesDetail>
        <Desc>Deferred Federal Excise Tax</Desc>
        <BOYBookValueAmt>9746</BOYBookValueAmt>
        <EOYBookValueAmt>16906</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>Current Excise Tax Payable</Desc>
        <EOYBookValueAmt>1249</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="23017517" softwareVersionNum="2023v6.0">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Fees</CategoryTxt>
        <Amt>29654</Amt>
        <NetInvestmentIncomeAmt>29654</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="23017517" softwareVersionNum="2023v6.0">
      <TaxesDetail>
        <CategoryTxt>Excise taxes - Current</CategoryTxt>
        <Amt>5769</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Excise taxes - Deferred</CategoryTxt>
        <Amt>7160</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Excise taxes - PY</CategoryTxt>
        <Amt>212</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>