﻿<?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>2026-04-09T12:45:05-04:00</ReturnTs>
    <TaxPeriodEndDt>2025-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>MFA INC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>201 RAY YOUNG DR</AddressLine1Txt>
        <CityNm>COLUMBIA</CityNm>
        <StateAbbreviationCd>MO</StateAbbreviationCd>
        <ZIPCd>652013568</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>436026877</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>MFA FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>MFAF</BusinessNameControlTxt>
      <PhoneNum>5738765458</PhoneNum>
      <USAddress>
        <AddressLine1Txt>201 RAY YOUNG DRIVE</AddressLine1Txt>
        <CityNm>COLUMBIA</CityNm>
        <StateAbbreviationCd>MO</StateAbbreviationCd>
        <ZIPCd>65201</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>PAM HILLER</PersonNm>
      <PersonTitleTxt>SECRETARY/TREASURER</PersonTitleTxt>
      <PhoneNum>5738765458</PhoneNum>
      <SignatureDt>2026-04-09</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>CURTIS PRICE</PreparerPersonNm>
      <PTIN>P03335573</PTIN>
      <PhoneNum>5738765323</PhoneNum>
      <PreparationDt>2026-04-09</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="11">
    <IRS990PF documentId="RetDoc13" referenceDocumentId="RetDoc11">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>20423297</FMVAssetsEOYAmt>
      <MethodOfAccountingOtherInd methodOfAccountingOtherDesc="MODIFIED CASH">X</MethodOfAccountingOtherInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>106084</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>495907</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>495907</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>478115</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>4231502</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>478115</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>1080106</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>974022</TotalNetInvstIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">8800</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>8800</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc10">15000</TaxesRevAndExpnssAmt>
        <TaxesDsbrsChrtblAmt>15000</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc7">115472</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>68660</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>46812</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>139272</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>68660</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>70612</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1060425</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>1060425</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>1199697</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>68660</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>1131037</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-119591</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>905362</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>145937</CashBOYAmt>
        <CashEOYAmt>64676</CashEOYAmt>
        <CashEOYFMVAmt>64676</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>670933</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>811953</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>811953</SavAndTempCashInvstEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>2026892</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="RetDoc5">1801272</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>1801272</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>6190319</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc4">6993423</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>6993423</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>4664069</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc3">5138027</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>5138027</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>5840700</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc6">5613946</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>5613946</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>19538850</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>20423297</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>20423297</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>19538850</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>20423297</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>19538850</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>20423297</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>19538850</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>20423297</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>19538850</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-119591</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="RetDoc8">1004038</OtherIncreasesAmt>
        <SubtotalAmt>20423297</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>20423297</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>4231502</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3753387</CostOrOtherBasisAmt>
          <GainOrLossAmt>478115</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>478115</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>478115</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>478115</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>12585</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>12585</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>12585</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>16503</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>16503</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>3918</OverpaymentAmt>
        <AppliedToESTaxAmt>3918</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>MO</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>PAM HILLER</IndividualWithBooksNm>
        <PhoneNum>5738765458</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>201 RAY YOUNG DRIVE</AddressLine1Txt>
          <CityNm>COLUMBIA</CityNm>
          <StateAbbreviationCd>MO</StateAbbreviationCd>
          <ZIPCd>65201</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>true</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ERNIE VERSLUES</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 RAY YOUNG DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JON IHLER</PersonNm>
          <USAddress>
            <AddressLine1Txt>1 RAY YOUNG DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PAM HILLER</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 RAY YOUNG DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY/TR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHRIS DEMOSS</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 RAY YOUNG DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEVE FAIRCHILD</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 RAY YOUNG DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JAMES GREER</PersonNm>
          <USAddress>
            <AddressLine1Txt>1 RAY YOUNG DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEFAN KNUDSEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 RAY YOUNG DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JEFF RAETZ</PersonNm>
          <USAddress>
            <AddressLine1Txt>1 RAY YOUNG DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JASON WEIRICH</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 RAY YOUNG DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KAREN WHITE</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 RAY YOUNG DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</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>SCHOLARSHIPS TO ATTEND COLLEGES AND UNIVERSITIES - APPROXIMATELY 292 BENEFICIARIES</Description1Txt>
        <Expenses1Amt>574000</Expenses1Amt>
        <Description2Txt>CONTRIBUTIONS TO COLLEGES AND UNIVERSITIES - APPROXIMATELY 5 BENEFICIARIES</Description2Txt>
        <Expenses2Amt>148200</Expenses2Amt>
        <Description3Txt>CONTRIBUTIONS TO OTHER CHARITABLE ORGANIZATIONS - APPROXIMATELY 14 BENEFICIARIES</Description3Txt>
        <Expenses3Amt>338225</Expenses3Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>19703773</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>61631</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>19765404</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>19765404</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>296481</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>19468923</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>973446</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>973446</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>12585</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>12585</TotalTaxAmt>
        <DistributableBeforeAdjAmt>960861</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>960861</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>960861</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>1131037</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>1131037</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>960861</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>65014</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>1131037</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>65014</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>960861</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>105162</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>105162</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>105162</ExcessDistriCyovToNextYrAmt>
        <ExcessFromCurrentYearAmt>105162</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>PAM HILLER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>201 RAY YOUNG DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5738765458</RecipientPhoneNum>
          <RecipientEmailAddressTxt>PHILLER@MFA-INC.COM</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>THE LINK TO THE APPLICATION SITE IS WWW.GRANTINTERFACE.COM/HOME/LOGON?URLKEY=MFAF</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>FEBRUARY 15</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>BOARD OF DIRECTOR SCHOLARSHIPS ARE ONLY AWARDED TO EMPLOYEES OF MFA INCORPORATED, MFA ENTERPRISES, OR MFA OIL COMPANY. THE GENERAL SCHOLARSHIPS ARE ONLY AWARDED TO CHILDREN OR GRANDCHILDREN OF MEMBER LEVEL CUSTOMERS OF MFA INCORPORATED, MFA ENTERPRISES, MFA OIL COMPANY OR MFA AGENCIES. THESE APPLICANTS MUST ALSO BE RESIDENTS OF ARKANSAS, KANSAS, IOWA, MISSOURI, OR OKLAHOMA.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SEE STATEMENT 14</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SEE STATEMENT 14</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SEE STATEMENT 14</GrantOrContributionPurposeTxt>
          <Amt>1060425</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1060425</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientPersonNm>SEE STATEMENT 15</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SEE STATEMENT 15</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65201</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SEE STATEMENT 15</GrantOrContributionPurposeTxt>
          <Amt>1000975</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>1000975</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>495907</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>478115</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>974022</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>974022</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>USED TO MAKE SCHOLARSHIP PAYMENTS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>USED TO MAKE SCHOLARSHIP PAYMENTS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>MFA INCORPORATED</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>201 RAY YOUNG DRIVE</AddressLine1Txt>
          <CityNm>COLUMBIA</CityNm>
          <StateAbbreviationCd>MO</StateAbbreviationCd>
          <ZIPCd>65201</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>52850</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>MFA OIL COMPANY</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>1 RAY YOUNG DRIVE</AddressLine1Txt>
          <CityNm>COLUMBIA</CityNm>
          <StateAbbreviationCd>MO</StateAbbreviationCd>
          <ZIPCd>65201</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>33950</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>AUDIT AND TAX SERVICE</CategoryTxt>
        <Amt>8800</Amt>
        <DisbursementsCharitablePrpsAmt>8800</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc3">
      <InvestmentsCorporateBondsGrp>
        <BondNm>MORTGAGE NOTES</BondNm>
        <EOYBookValueAmt>1626645</EOYBookValueAmt>
        <EOYFMVAmt>1626645</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE BONDS</BondNm>
        <EOYBookValueAmt>2692936</EOYBookValueAmt>
        <EOYFMVAmt>2692936</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ASSET BACKED SECURITIES</BondNm>
        <EOYBookValueAmt>468887</EOYBookValueAmt>
        <EOYFMVAmt>468887</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EMERGING MARKETS</BondNm>
        <EOYBookValueAmt>349559</EOYBookValueAmt>
        <EOYFMVAmt>349559</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>DOMESTIC COMMON STOCK</StockNm>
        <EOYBookValueAmt>6811562</EOYBookValueAmt>
        <EOYFMVAmt>6811562</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DOMESTIC PREFERRED STOCK</StockNm>
        <EOYBookValueAmt>181861</EOYBookValueAmt>
        <EOYFMVAmt>181861</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc5">
      <USGovtObligationsBookVlEOYAmt>1427279</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>1427279</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>373993</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>373993</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc6">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>EXCHANGE TRADED MUTUAL FUNDS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2611793</BookValueAmt>
        <EOYFMVAmt>2611793</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DOMESTIC EQUITY MUTUAL FUNDS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>614668</BookValueAmt>
        <EOYFMVAmt>614668</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INTERNATIONAL EQUITY MUTUAL FUNDS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2387485</BookValueAmt>
        <EOYFMVAmt>2387485</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HEDGE FUNDS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="RetDoc7">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADMINISTRATIVE FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>36000</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>36000</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ASSET MANAGER FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>68660</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>68660</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>8945</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>8945</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>1875</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1875</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>-8</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>-8</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="RetDoc8">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAINS ON INVESTMENTS</Desc>
        <Amt>1004038</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc9">
      <OtherLiabilitiesDetail>
        <Desc>DUE TO BROKERS</Desc>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="RetDoc10">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>15000</Amt>
        <DisbursementsCharitablePrpsAmt>15000</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>