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        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <IndividualWithBooksNm>SUSAN ITTNER</IndividualWithBooksNm>
        <PhoneNum>3144790200</PhoneNum>
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          <CityNm>SAINT LOUIS</CityNm>
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        <BusinessHoldingsInd>false</BusinessHoldingsInd>
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            <CityNm>SAINT LOUIS</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>63131</ZIPCd>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SUSAN ITTNER</PersonNm>
          <USAddress>
            <AddressLine1Txt>10 SHEPHERD WOODS ROAD</AddressLine1Txt>
            <CityNm>SAINT LOUIS</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>63131</ZIPCd>
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          <TitleTxt>DIRECTOR</TitleTxt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHARLES T SHEPHERD II</PersonNm>
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            <AddressLine1Txt>10 SHEPHERD WOODS ROAD</AddressLine1Txt>
            <CityNm>SAINT LOUIS</CityNm>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SALLY HAIMBAUGH</PersonNm>
          <USAddress>
            <AddressLine1Txt>10 SHEPHERD WOODS ROAD</AddressLine1Txt>
            <CityNm>SAINT LOUIS</CityNm>
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          <TitleTxt>DIRECTOR</TitleTxt>
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          <PersonNm>JAMES MEDART</PersonNm>
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            <CityNm>SAINT LOUIS</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
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        <QualifyingDistributionsAmt>492010</QualifyingDistributionsAmt>
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        <UndistributedIncomePYAmt>108101</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>492010</QualifyingDistributionsAmt>
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      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>THE SHEPHERD FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>10 SHEPHERD WOODS ROAD</AddressLine1Txt>
            <CityNm>SAINT LOUIS</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>63131</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>3149652434</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>NO SPECIFIC FORM IS REQUIRED, BUT WRITTEN SOLICITATION IS PREFERRED. THE APPLICATION MUST SHOW THE NAME AND ADDRESS OF THE RECIPIENT ORGANIZATION, THE INTENDED USE OF THE REQUEST, AND THE TAX STATUS AND PURPOSE OF THE ORGANIZATION MAKING THE REQUEST. NO TELEPHONE SOLICITATIONS WILL BE ACCEPTED.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE SSPECIFIED</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>GRANTS ARE EVALUATED ON A INDIVIDUAL BASIS AND COMPARED TO THE PURPOSES OF OUR FAMILY FOUNDATION BEFORE SEEKING FUNDING IT IS ADVISED THAT ALL GRANT APPLICANTS SECURE THE SPONSORSHIP OF AT LEAST ONE DIRECTOR EVERY APPROVED GRANT MUST BE FUNDED FROM THE ANNUAL ALLOCATION OF A DIRECTORS FUNDS</RestrictionsOnAwardsTxt>
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          <RecipientPersonNm>SCHEDULE 1 ATTACHED</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>VARIOUS</AddressLine1Txt>
            <CityNm>SAINT LOUIS</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>63131</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>CHARITABLE CONTRIBUTIONS</GrantOrContributionPurposeTxt>
          <Amt>362100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>362100</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>222788</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>222788</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>222788</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="AccountingFeesSchedule">
      <AccountingFeesDetail>
        <CategoryTxt>ALTEPETER ASSOCIATES LLC</CategoryTxt>
        <Amt>575</Amt>
        <NetInvestmentIncomeAmt>50</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>525</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule">
      <InvestmentsCorporateStockGrp>
        <StockNm>CORPORATE STOCKS</StockNm>
        <EOYBookValueAmt>6164466</EOYBookValueAmt>
        <EOYFMVAmt>9878398</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule">
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>832</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>83</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>749</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>1275</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>127</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1148</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule">
      <OtherIncreasesDetail>
        <Desc>BASIS ADJUSTMENT</Desc>
        <Amt>47411</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL FEES</CategoryTxt>
        <Amt>36000</Amt>
        <NetInvestmentIncomeAmt>3600</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>32400</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISORY FEES</CategoryTxt>
        <Amt>49994</Amt>
        <NetInvestmentIncomeAmt>4999</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>44995</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>WELLS FARGO-FOREIGN TAXES</CategoryTxt>
        <Amt>172</Amt>
        <NetInvestmentIncomeAmt>17</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>155</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>IRS - 2024 EXCISE TAX</CategoryTxt>
        <Amt>5487</Amt>
        <NetInvestmentIncomeAmt>549</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4938</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>