﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" returnVersion="2025v4.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-06-23T10:22:47-06:00</ReturnTs>
    <TaxPeriodEndDt>2025-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>010782582</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>JAMES M DWAN CPA PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>32820 WOODWARD AVE STE 210</AddressLine1Txt>
        <CityNm>ROYAL OAK</CityNm>
        <StateAbbreviationCd>MI</StateAbbreviationCd>
        <ZIPCd>48073</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2025-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>386121075</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>LYON FOUNDATION INCORPORATED</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% JOHN TERRILL JUDD</InCareOfNm>
      <BusinessNameControlTxt>LYON</BusinessNameControlTxt>
      <PhoneNum>6168470753</PhoneNum>
      <USAddress>
        <AddressLine1Txt>P O BOX 25</AddressLine1Txt>
        <CityNm>SPRING LAKE</CityNm>
        <StateAbbreviationCd>MI</StateAbbreviationCd>
        <ZIPCd>494560025</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JOHN TERRILL JUDD</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>6168470753</PhoneNum>
      <SignatureDt>2026-05-04</SignatureDt>
      <DiscussWithPaidPreparerInd>false</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>JAMES M DWAN CPA</PreparerPersonNm>
      <PTIN>P00362432</PTIN>
      <PhoneNum>2489512954</PhoneNum>
      <PreparationDt>2026-06-23</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="9">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3505382</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>14</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>14</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>14</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>90799</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>90799</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>90799</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>127284</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>599516</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>127284</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>397</NetSTCapitalGainAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>218097</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>218097</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>91210</TotalAdjNetIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule">1170</LegalFeesRevAndExpnssAmt>
        <LegalFeesDsbrsChrtblAmt>1170</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">1975</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>1975</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">26378</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>17385</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>8993</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">3348</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>3348</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedul-147-Copy1">210</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>210</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>33081</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>20733</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>12348</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>160000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>160000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>193081</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>20733</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>172348</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>25016</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>197364</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>91210</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>72440</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>62081</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>62081</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>1133791</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">1104867</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>2330443</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>1014201</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestmentsCorpBondsSchedule">1076572</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>1112858</CorporateBondsEOYFMVAmt>
        <TotalAssetsBOYAmt>2220432</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2243520</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3505382</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>2220432</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>2243520</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2220432</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2243520</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2220432</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2243520</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2220432</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>25016</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2245448</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSchedule">1928</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>2243520</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SHORT-TERM TRANSACTIONS ATTACHED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-01-01</AcquiredDt>
          <SoldDt>2025-06-30</SoldDt>
          <GrossSalesPriceAmt>88178</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>87781</CostOrOtherBasisAmt>
          <GainOrLossAmt>397</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>397</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LONG-TERM TRANSACTIONS ATTACHED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2000-01-01</AcquiredDt>
          <SoldDt>2025-12-31</SoldDt>
          <GrossSalesPriceAmt>511338</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>384451</CostOrOtherBasisAmt>
          <GainOrLossAmt>126887</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>126887</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>127284</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>397</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>2743</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>2743</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>2743</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>2750</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>2750</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>7</OverpaymentAmt>
        <AppliedToESTaxAmt>7</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>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <IndividualWithBooksNm>JOHN TERRILL JUDD</IndividualWithBooksNm>
        <PhoneNum>6168470753</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>16215 PINE HOLLOW AVE</AddressLine1Txt>
          <CityNm>SPRING LAKE</CityNm>
          <StateAbbreviationCd>MI</StateAbbreviationCd>
          <ZIPCd>494562254</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>
        <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>JOHN TERRILL JUDD</PersonNm>
          <USAddress>
            <AddressLine1Txt>16215 PINE HOLLOW AVE</AddressLine1Txt>
            <CityNm>SPRING LAKE</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>494562254</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>4.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KELLY MYERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>241 SOUTH SHORE DR</AddressLine1Txt>
            <CityNm>BELMONT</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28012</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>4.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MATT WHEELER</PersonNm>
          <USAddress>
            <AddressLine1Txt>7613 SOARINGFREE</AddressLine1Txt>
            <CityNm>CHARLOTTE</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28226</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LIAM JUDD</PersonNm>
          <USAddress>
            <AddressLine1Txt>1592 REDDING</AddressLine1Txt>
            <CityNm>BIRMINGHAM</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48009</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WINN LYON MOORE</PersonNm>
          <USAddress>
            <AddressLine1Txt>3528 KYLEMORE CT</AddressLine1Txt>
            <CityNm>CHARLOTTE</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>282103379</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>4.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>NA</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>NA</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>3313280</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>138628</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3451908</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>3451908</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>51779</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>3400129</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>170006</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>170006</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>2743</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>2743</TotalTaxAmt>
        <DistributableBeforeAdjAmt>167263</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>167263</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>167263</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>172348</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>172348</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>167263</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>1139</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr3Amt>10151</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>15963</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>22174</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>49427</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>172348</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>167263</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>5085</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>54512</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>1139</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>53373</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>10151</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>15963</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>22174</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>5085</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>JOHN TERRILL JUDD</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>P O BOX 25</AddressLine1Txt>
            <CityNm>SPRING LAKE</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>49456</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>6168470753</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>APPLICATIONS SHOULD HAVE AN OUTLINE OF THE PROPOSED BUDGET AND ITS OBJECTIVES. ALSO INCLUDE A COPY OF THE EXEMPT STATUS LETTER FROM THE INTERNAL REVENUE SERVICE.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>ANYTIME</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>CONTRIBUTIONS ARE MADE TO ALL TYPES OF CHARITABLE ORGANIZATIONS NO GRANTS ARE MADE TO INDIVIDUALS</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SEE LISTING OF CHARITABLE GRANTS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>VARIOUS</AddressLine1Txt>
            <CityNm>SPRING LAKE</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>49456</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NA</RecipientRelationshipTxt>
          <RecipientFoundationStatusCd>NC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>160000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>160000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>90813</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>90813</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>90813</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>TAX PREPARATION FEES</CategoryTxt>
        <Amt>1975</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1975</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule">
      <InvestmentsCorporateBondsGrp>
        <BondNm>FIXED INCOME</BondNm>
        <EOYBookValueAmt>1076572</EOYBookValueAmt>
        <EOYFMVAmt>1112858</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule">
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITIES - LARGE CAP</StockNm>
        <EOYBookValueAmt>542589</EOYBookValueAmt>
        <EOYFMVAmt>1413436</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITIES - SMALL-MID CAP</StockNm>
        <EOYBookValueAmt>253489</EOYBookValueAmt>
        <EOYFMVAmt>432485</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITIES - INTERNATIONAL</StockNm>
        <EOYBookValueAmt>277418</EOYBookValueAmt>
        <EOYFMVAmt>453622</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PREFERRED STOCK</StockNm>
        <EOYBookValueAmt>31371</EOYBookValueAmt>
        <EOYFMVAmt>30900</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="LegalFeesSchedule">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>1170</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1170</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule">
      <OtherDecreasesDetail>
        <Desc>INVESTMENT ADJUSTMENTS</Desc>
        <Amt>1928</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule">
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>210</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>210</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTANT FEES</CategoryTxt>
        <Amt>300</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>300</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISOR FEES</CategoryTxt>
        <Amt>26078</Amt>
        <NetInvestmentIncomeAmt>17385</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8693</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>TAX PAYMENTS</CategoryTxt>
        <Amt>3348</Amt>
        <NetInvestmentIncomeAmt>3348</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>