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    <ReturnTs>2026-06-24T02:26:24-05:00</ReturnTs>
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    <Filer>
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        <BusinessNameLine1Txt>NATIONAL SCHOLARSHIP TRUST</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% NATALIO D BUDASOFF</InCareOfNm>
      <BusinessNameControlTxt>NATI</BusinessNameControlTxt>
      <PhoneNum>4324008456</PhoneNum>
      <USAddress>
        <AddressLine1Txt>223 WEST WALL ST STE 299</AddressLine1Txt>
        <CityNm>MIDLAND</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>797014687</ZIPCd>
      </USAddress>
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      <PersonNm>NATALIO D BUDASOFF</PersonNm>
      <PersonTitleTxt>PRESIDENTDIRECTOR</PersonTitleTxt>
      <PhoneNum>4324008456</PhoneNum>
      <SignatureDt>2026-06-24</SignatureDt>
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    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
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        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>79701</ZIPCd>
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      <MissionDesc>SEE SCHEDULE O</MissionDesc>
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      <Desc>THE ORGANIZATION ESTABLISHED ITS FIRST ADVISED SCHOLARSHIP FUND IN FURTHERANCE OF ITS EXEMPT PURPOSE. PREPARED SCHOLARSHIP FUND FOR ITS INITIAL SCHOLARSHIP CYCLE, INCLUDING DEVELOPMENT AND ADMINISTRATIVE PLANNING. NO SCHOLARSHIP AWARDS WERE MADE DURING THE TAX YEAR.</Desc>
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        <PhoneNum>4324008456</PhoneNum>
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          <CityNm>MIDLAND</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>797014687</ZIPCd>
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        <PersonNm>NATALIO D BUDASOFF</PersonNm>
        <TitleTxt>PresidentDirector</TitleTxt>
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        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>CALEB G JOHNSON</PersonNm>
        <TitleTxt>Vice PresidentDirecto</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
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        <OfficerInd>X</OfficerInd>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>CHRISTINE A BUDASOFF</PersonNm>
        <TitleTxt>TreasurerDirector</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
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        <OfficerInd>X</OfficerInd>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>ADAM F GRIFFIN</PersonNm>
        <TitleTxt>SecretaryDirector</TitleTxt>
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        <AverageHoursPerWeekRltdOrgRt>0.00</AverageHoursPerWeekRltdOrgRt>
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        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
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      <TotReportableCompRltdOrgAmt>0</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>0</TotalOtherCompensationAmt>
      <IndivRcvdGreaterThan100KCnt>0</IndivRcvdGreaterThan100KCnt>
      <FormerOfcrEmployeesListedInd>false</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>false</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>false</CompensationFromOtherSrcsInd>
      <NetIncmFromFundraisingEvtGrp>
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      </NetIncmFromFundraisingEvtGrp>
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        <TotalRevenueColumnAmt>0</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>0</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
        <ExclusionAmt>0</ExclusionAmt>
      </TotalRevenueGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>450</TotalAmt>
        <ManagementAndGeneralAmt>450</ManagementAndGeneralAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
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        <ManagementAndGeneralAmt>149</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
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        <FundraisingAmt>540</FundraisingAmt>
      </FeesForServicesProfFundraising>
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        <ManagementAndGeneralAmt>2173</ManagementAndGeneralAmt>
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        <ManagementAndGeneralAmt>358</ManagementAndGeneralAmt>
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        <ManagementAndGeneralAmt>2690</ManagementAndGeneralAmt>
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        <ManagementAndGeneralAmt>590</ManagementAndGeneralAmt>
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        <Desc>LEGALGOVERNMENTAL FEES</Desc>
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        <ManagementAndGeneralAmt>574</ManagementAndGeneralAmt>
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      <OtherExpensesGrp>
        <Desc>REGISTERED AGENT FEES</Desc>
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        <ManagementAndGeneralAmt>238</ManagementAndGeneralAmt>
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      <OtherExpensesGrp>
        <Desc>NOTARIZATION FEES</Desc>
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        <ManagementAndGeneralAmt>16</ManagementAndGeneralAmt>
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      <OtherExpensesGrp>
        <Desc>PROSPECT GIFTS</Desc>
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        <PersonNm>NATALIO D BUDASOFF</PersonNm>
        <RelationshipWithOrgTxt>PRESIDENTDIRECTOR</RelationshipWithOrgTxt>
        <LoanPurposeTxt>STARTUP</LoanPurposeTxt>
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        <BoardOrCommitteeApprovalInd>false</BoardOrCommitteeApprovalInd>
        <WrittenAgreementInd>false</WrittenAgreementInd>
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    <IRS990ScheduleO documentId="IRS990ScheduleO-213-Copy1">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>A COPY OF THE FORM 990 WAS PROVIDED TO THE DIRECTORS FOR REVIEW PRIOR TO</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>FILING WITH THE IRS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>TO HONOR THE LEGACY OF CONSERVATIVE- AND LIBERTARIAN-MINDED DONORS,</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>NATIONAL SCHOLARSHIP TRUST ADMINISTERS ADVISED SCHOLARSHIP FUNDS THAT</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>PROVIDE FINANCIAL SUPPORT TO QUALIFIED UNDERGRADUATE AND GRADUATE</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>STUDENTS ATTENDING ACCREDITED INSTITUTIONS IN THE UNITED STATES. THE</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>ORGANIZATION AWARDS SCHOLARSHIPS ON AN OBJECTIVE, NON-DISCRIMINATORY BASIS,</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>DIRECTLY TO EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF THE RECIPIENTS. THE</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>SCHOLARSHIPS SUPPORT THE EDUCATION OF THE NEXT GENERATION OF LEADERS WHO</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>UPHOLD THE VALUES OF INTELLECTUAL RIGOR, ETHICAL LEADERSHIP, AND DEDICATION</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part I Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>TO CORE AMERICAN PRINCIPLES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part III Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>TO HONOR THE LEGACY OF CONSERVATIVE- AND LIBERTARIAN-MINDED DONORS,</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part III Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>NATIONAL SCHOLARSHIP TRUST PROVIDES FINANCIAL SUPPORT TO QUALIFIED</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part III Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>UNDERGRADUATE AND GRADUATE STUDENTS ATTENDING ACCREDITED U.S.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part III Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>INSTITUTIONS. SCHOLARSHIPS ARE AWARDED ON AN OBJECTIVE, NON-DISCRIMINATORY</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part III Line 1</FormAndLineReferenceDesc>
        <ExplanationTxt>BASIS AND DISBURSED DIRECTLY TO EDUCATIONAL INSTITUTIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 1a</FormAndLineReferenceDesc>
        <ExplanationTxt>IF ANY DIRECTORS ARE RELATED, THEIR VOTING RIGHTS ARE COLLECTIVELY ADJUSTED</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 1a</FormAndLineReferenceDesc>
        <ExplanationTxt>TO EQUAL THE VOTING POWER OF A SINGLE DIRECTOR.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 2</FormAndLineReferenceDesc>
        <ExplanationTxt>NATALIO D. BUDASOFF AND CHRISTINE A. BUDASOFF HAVE A FAMILY RELATIONSHIP.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD REVIEWS CONFLICT DISCLOSURES, AND CONFLICTED INDIVIDUALS RECUSE</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI Line 12c</FormAndLineReferenceDesc>
        <ExplanationTxt>FROM DISCUSSION AND VOTING, WITH ACTIONS RECORDED IN THE MINUTES.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>