﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2025v4.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-04-01T17:35:06-04:00</ReturnTs>
    <TaxPeriodEndDt>2025-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>421284539</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>HOULIHAN &amp; ASSOCIATES PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>4240 HICKORY LANE SUITE 100</AddressLine1Txt>
        <CityNm>SIOUX CITY</CityNm>
        <StateAbbreviationCd>IA</StateAbbreviationCd>
        <ZIPCd>511064642</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2025-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>421386035</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>RL &amp; ETHEL STUBBS SCHOLARSHIP TR</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>RL&amp;E</BusinessNameControlTxt>
      <PhoneNum>7122776530</PhoneNum>
      <USAddress>
        <AddressLine1Txt>C/O SECURITY NATL BANK PO BOX 147</AddressLine1Txt>
        <CityNm>SIOUX CITY</CityNm>
        <StateAbbreviationCd>IA</StateAbbreviationCd>
        <ZIPCd>51102</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>SECURITY NATL BANK</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <PhoneNum>7122776530</PhoneNum>
      <SignatureDt>2026-01-15</SignatureDt>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>GABRIELLE KOITHAN</PreparerPersonNm>
      <PTIN>P02333170</PTIN>
      <PhoneNum>7122553450</PhoneNum>
      <PreparationDt>2026-01-29</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="RetDoc8">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1305220</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>1458</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>1458</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>35887</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>35887</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>75021</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>780446</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>75021</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc5">17</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>17</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>112383</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>112383</TotalNetInvstIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc3">1050</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>1050</LegalFeesNetInvstIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc1">2674</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>2674</AccountingFeesNetInvstIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc6">12490</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>12490</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc7">1256</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>1256</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc4">1512</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>1512</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>18982</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>18982</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>56150</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>56150</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>75132</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>18982</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>56150</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>37251</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>93401</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>15909</CashBOYAmt>
        <CashEOYAmt>29802</CashEOYAmt>
        <CashEOYFMVAmt>29802</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>40512</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>70102</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>70102</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>798407</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2">792175</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1205316</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>854828</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>892079</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1305220</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>854828</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>892079</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>854828</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>892079</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>854828</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>892079</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>854828</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>37251</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>892079</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>892079</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SALE OF SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-12-31</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>730782</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>705425</CostOrOtherBasisAmt>
          <GainOrLossAmt>25357</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>25357</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-12-31</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>49664</GrossSalesPriceAmt>
          <GainOrLossAmt>49664</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>49664</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>75021</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1298</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>1298</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1298</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>868</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>868</TotalPaymentsAndCreditsAmt>
        <TaxDueAmt>430</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>
        <OrgReportOrRegisterStateCd>IA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>SECURITY NATL BANK</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>7122776530</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>601 PIERCE STREET</AddressLine1Txt>
          <CityNm>SIOUX CITY</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>51101</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>JON WIEBERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>519 EAST MAPLE STREET</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </USAddress>
          <TitleTxt>COMMITTEE ME</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GARY JENSEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>519 EAST MAPLE STREET</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </USAddress>
          <TitleTxt>COMMITTEE ME</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOSH SUSSMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>519 EAST MAPLE STREET</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </USAddress>
          <TitleTxt>COMMITTEE ME</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1Txt>SECURITY NATL BANK</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>601 PIERCE STREET</AddressLine1Txt>
            <CityNm>SIOUX CITY</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51102</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 - THE SCHOLARSHIP TRUST AWARDS SCHOLARSHIPS TO STUDENTS RESIDING IN THE GALVA HOLSTEIN COMMMUNITY SCHOOL DISTRICT FOR HIGHER EDUCATION. THE AMOUNT PAID IN 2025 FOR 2024 WAS 56,150. THE AMOUNT TO BE PAID IN 2026 FOR 2025 IS 59,515.</Description1Txt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1162049</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>72733</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1234782</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1234782</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>18522</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1216260</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>60813</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>60813</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1298</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1298</TotalTaxAmt>
        <DistributableBeforeAdjAmt>59515</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>59515</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>59515</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>56150</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>56150</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>59515</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>7154</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>56150</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>7154</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>48996</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>10519</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>GARY JENSEN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7123684353</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>APPLICATIONS ARE PROVIDED BY GALVA HOLSTEIN COMMUNITY SCHOOL</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>APPLICATION DATE IS APRIL 1 OF THE APPLICANT'S SENIOR YEAR IN HIGH SCHOOL</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>RECIPIENTS MUST RESIDE IN THE GALVA HOLSTEIN COMMUNITY SCHOOL DISTRICT</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GABRIEL CHANCE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5615</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BEN TODD</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5615</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TAYA PHILIPS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5615</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CAYDEN CLAUSEN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5615</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MORGAN WRIGHT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5615</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ABIGAIL ELSE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5615</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MATTHEW FORRISTAL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5615</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ROWAN JENSEN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5615</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JADE JOCHIMS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2808</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TESS PACZA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2808</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MOLLY REISS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2807</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KIERSTIN VOLKERT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>519 EAST MAPLE</AddressLine1Txt>
            <CityNm>HOLSTEIN</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51025</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>I</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2807</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>56150</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>1458</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>35887</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <RelatedOrExemptFunctionIncmAmt>17</RelatedOrExemptFunctionIncmAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>75021</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>112383</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>112383</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>3</LineNumberTxt>
          <RelationshipStatementTxt>COLLEGE SCHOLARSHIPS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>COLLEGE SCHOLARSHIPS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>COLLEGE SCHOLARSHIPS</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>
    <AccountingFeesSchedule documentId="RetDoc1">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>2674</Amt>
        <NetInvestmentIncomeAmt>2674</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2">
      <InvestmentsCorporateStockGrp>
        <StockNm>SECURITY NATL ACCT 209</StockNm>
        <EOYBookValueAmt>792175</EOYBookValueAmt>
        <EOYFMVAmt>1205316</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="RetDoc3">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>1050</LegalFeesAmt>
        <NetInvestmentIncomeAmt>1050</NetInvestmentIncomeAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc4">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SEC NAT'L BK - COURT COSTS</Desc>
        <RevenueAndExpensesPerBooksAmt>1175</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1175</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SEC NAT'L BK - INT EARNED IN</Desc>
        <RevenueAndExpensesPerBooksAmt>337</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>337</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc5">
      <OtherIncomeDetail>
        <Desc>SETTLEMENT PROCEEDS</Desc>
        <RevenueAndExpensesPerBooksAmt>17</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>17</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc6">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>SEC NAT'L BK -TRUSTEE FEE</CategoryTxt>
        <Amt>1748</Amt>
        <NetInvestmentIncomeAmt>1748</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>SEC NAT'L BK - INVEST MGMT FEE</CategoryTxt>
        <Amt>10742</Amt>
        <NetInvestmentIncomeAmt>10742</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc7">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAXES</CategoryTxt>
        <Amt>1256</Amt>
        <NetInvestmentIncomeAmt>1256</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>