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  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2023-05-24T12:45:57-05:00</ReturnTs>
    <TaxPeriodEndDt>2022-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Labenz &amp; Associates LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>8555 Pioneers Boulevard</AddressLine1Txt>
        <CityNm>Lincoln</CityNm>
        <StateAbbreviationCd>NE</StateAbbreviationCd>
        <ZIPCd>68520</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2022-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>470816345</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>DORENE AND LEE BUTLER FAMILY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% LISA BUTLER HERRING</InCareOfNm>
      <BusinessNameControlTxt>DORE</BusinessNameControlTxt>
      <PhoneNum>4356404556</PhoneNum>
      <USAddress>
        <AddressLine1Txt>201 Crystal Avenue</AddressLine1Txt>
        <CityNm>Newport Beach</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>92662</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Lisa Butler Herring</PersonNm>
      <PersonTitleTxt>Officer</PersonTitleTxt>
      <PhoneNum>4356404556</PhoneNum>
      <SignatureDt>2023-05-30</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>Lisa</PersonFirstNm>
        <PersonLastNm>Butler Herring</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Vonita L Wood</PreparerPersonNm>
      <PTIN>P00415828</PTIN>
      <PhoneNum>4024378383</PhoneNum>
      <PreparationDt>2023-05-15</PreparationDt>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp>
        <TrustedCustomerCd>3</TrustedCustomerCd>
      </TrustedCustomerGrp>
    </AdditionalFilerInformation>
    <TaxYr>2022</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
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      <AddressChangeInd>X</AddressChangeInd>
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3414981</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>0</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>100368</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>100368</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-13125</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>413302</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>87243</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>100368</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>8000</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>4000</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>4000</CompOfcrDirTrstDsbrsChrtblAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OthProfFeesSch">5995</OtherProfFeesRevAndExpnssAmt>
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        <OtherProfFeesDsbrsChrtblAmt>2997</OtherProfFeesDsbrsChrtblAmt>
        <InterestRevAndExpnssAmt>64</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>64</InterestNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">2307</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>1307</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">29316</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>29316</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>45682</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>37685</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>6997</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>203894</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>203894</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>249576</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>37685</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>210891</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-162333</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>62683</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>20486</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>67857</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>67857</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>1794363</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">1685639</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>2328112</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>1007555</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvOtherSch2">968520</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>1019012</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>12306</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>12306</LandBldgEquipAccumDeprecAmt>
        <TotalAssetsBOYAmt>2822404</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2722016</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3414981</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>0</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>61945</AccountsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>61945</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>2822404</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>2660071</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2822404</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2660071</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2822404</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2722016</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2822404</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-162333</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2660071</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>2660071</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>D A DAVIDSON</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-01-31</AcquiredDt>
          <SoldDt>2022-12-31</SoldDt>
          <GrossSalesPriceAmt>758</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>781</CostOrOtherBasisAmt>
          <GainOrLossAmt>-23</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-23</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>D A DAVIDSON</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-01</AcquiredDt>
          <SoldDt>2022-12-31</SoldDt>
          <GrossSalesPriceAmt>412544</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>425646</CostOrOtherBasisAmt>
          <GainOrLossAmt>-13102</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-13102</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-13125</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-23</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>871</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>871</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>871</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>1299</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <TotalPaymentsAndCreditsAmt>1299</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>428</OverpaymentAmt>
        <AppliedToESTaxAmt>428</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd referenceDocumentId="BinaryAttach BinaryAttachN1">false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd referenceDocumentId="BinaryAttach BinaryAttachN1">false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd referenceDocumentId="BinaryAttach BinaryAttachN1">false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NE</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>LISA BUTLER HERRING</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>4356404556</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>201 CRYSTAL AVENUE</AddressLine1Txt>
          <CityNm>Newport Beach</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>92662</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>GEORGE LEE BUTLER</PersonNm>
          <USAddress>
            <AddressLine1Txt>2869 Combs Ferry Road</AddressLine1Txt>
            <CityNm>Winchester</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40391</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY/TREAS/DIR- AS NEEDED</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LISA BUTLER HERRING</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 Crystal Avenue</AddressLine1Txt>
            <CityNm>Newport Beach</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92662</ZIPCd>
          </USAddress>
          <TitleTxt>President-TIME AS NEEDED</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>8000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BRETT LEE BUTLER</PersonNm>
          <USAddress>
            <AddressLine1Txt>2869 Combs Ferry Road</AddressLine1Txt>
            <CityNm>Winchester</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40391</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR- TIME AS NEEDED</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PATRICIA DAWN BUTLER</PersonNm>
          <USAddress>
            <AddressLine1Txt>2869 Combs Ferry Road</AddressLine1Txt>
            <CityNm>Winchester</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40391</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR-TIME AS NEEDED</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>NONE</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>NONE</AddressLine1Txt>
            <CityNm>NONE</CityNm>
            <StateAbbreviationCd>NE</StateAbbreviationCd>
            <ZIPCd>68516</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>0</ServiceTypeTxt>
          <CompensationAmt>0</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>N/A</Description1Txt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>3550045</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>36727</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3586772</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>3586772</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>53802</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>3532970</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>176649</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>176649</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>871</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>871</TotalTaxAmt>
        <DistributableBeforeAdjAmt>175778</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>175778</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>175778</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>210891</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>210891</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>175778</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2020</PriorYear1Yr>
        <PriorYear2Yr>2019</PriorYear2Yr>
        <PriorYear3Yr>2018</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>48228</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>73882</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>107974</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>58647</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>134894</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>423625</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>210891</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>175778</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>35113</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>458738</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>48228</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>410510</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>73882</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>107974</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>58647</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>134894</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>35113</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp></PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>LEE BUTLER</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>Lisa Butler Herring</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>201 Crystal Avenue</AddressLine1Txt>
            <CityNm>Newport Beach</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92662</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>4356404556</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>SEE SAMPLE GRANT APPLICATION, PDF ATTACHMENT A</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LAGUNA BEACH SENIORS INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>380 THIRD STREET</AddressLine1Txt>
            <CityNm>LAGUNA BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92651</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO FURTHER PROGRAMS OF THE ORGANIZATION.</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANCTUARY SPRINGS INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2869 Combs Ferry Road</AddressLine1Txt>
            <CityNm>Winchester</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40391</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO FURTHER PROGRAMS OF THE organization.</GrantOrContributionPurposeTxt>
          <Amt>155250</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Ronald McDonald House Charities Bay Area</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>520 Sand Hill Road</AddressLine1Txt>
            <CityNm>Palo Alto</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94304</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To further programs of the organization.</GrantOrContributionPurposeTxt>
          <Amt>1064</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Adventurers and Scientists for Conservation</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 1834</AddressLine1Txt>
            <CityNm>Bozeman</CityNm>
            <StateAbbreviationCd>MT</StateAbbreviationCd>
            <ZIPCd>59771</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To further programs of the organization.</GrantOrContributionPurposeTxt>
          <Amt>1040</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Park City Community Foundation</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>P O Box 681499</AddressLine1Txt>
            <CityNm>Park City</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84068</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To further programs of the organization.</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>San Francisco Food Bank</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>900 Pennsylvania Avenue</AddressLine1Txt>
            <CityNm>San Francisco</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94107</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To further programs of the organization.</GrantOrContributionPurposeTxt>
          <Amt>515</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LexArts Inc</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>161 North Mill Street</AddressLine1Txt>
            <CityNm>Lexington</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40507</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To further programs of the organization.</GrantOrContributionPurposeTxt>
          <Amt>6500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Make A Wish</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1702 East Highland Avenue Suite 40</AddressLine1Txt>
            <CityNm>Phoenix</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85016</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To further programs of the organization.</GrantOrContributionPurposeTxt>
          <Amt>525</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Park City Performances dba Egyptian Theatre</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 3119</AddressLine1Txt>
            <CityNm>Park City</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84060</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To further programs of the organization.</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SIERRA WATCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>408 BROAD STREET 12</AddressLine1Txt>
            <CityNm>NEVADA CITY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95959</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To further programs of the organization.</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Twin Cities Pride</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2021 E Hennepin Avenue No 402-7</AddressLine1Txt>
            <CityNm>Minneapolis</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55413</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To further programs of the organization.</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>203894</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>100368</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncomeGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-13125</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>87243</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>87243</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>
    <DepreciationSchedule documentId="DepreciationSch">
      <DepreciationPropertyGrp>
        <PropertyDesc>TELEPHONE</PropertyDesc>
        <AcquiredDt>2004-06-01</AcquiredDt>
        <CostOrOtherBasisAmt>196</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>98</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M5</ComputationMethodTxt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2004-10-18</AcquiredDt>
        <CostOrOtherBasisAmt>922</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>461</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M5</ComputationMethodTxt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PRINTER</PropertyDesc>
        <AcquiredDt>2009-03-09</AcquiredDt>
        <CostOrOtherBasisAmt>415</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>415</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M5</ComputationMethodTxt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2011-01-04</AcquiredDt>
        <CostOrOtherBasisAmt>1264</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>0</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M5</ComputationMethodTxt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CABINETS</PropertyDesc>
        <AcquiredDt>2013-09-30</AcquiredDt>
        <CostOrOtherBasisAmt>9509</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4754</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>VARIOUS COMMON STOCKS</StockNm>
        <EOYBookValueAmt>1685639</EOYBookValueAmt>
        <EOYFMVAmt>2328112</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VARIOUS PREFERRED STOCKS</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VARIOUS OTHER SECURITIES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>968520</BookValueAmt>
        <EOYFMVAmt>1019012</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSch2">
      <LandEtcGrp>
        <CategoryOrItemTxt>TELEPHONE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>196</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>196</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>922</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>922</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>PRINTER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>415</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>415</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1264</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1264</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>CABINETS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>9509</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>9509</AccumulatedDepreciationAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>550</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>550</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>28766</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>28766</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>Non deductible expense refund</Desc>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL FEES</CategoryTxt>
        <Amt>5995</Amt>
        <NetInvestmentIncomeAmt>2998</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2997</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID</CategoryTxt>
        <Amt>1307</Amt>
        <NetInvestmentIncomeAmt>1307</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>2021 FORM 990-PF EXTENSION</CategoryTxt>
        <Amt>1000</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
