<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2021v4.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2022-11-14T13:37:39-05:00</ReturnTs>
    <TaxPeriodEndDt>2021-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>581762926</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>ACREE JINRIGHT LEONARD &amp; CO PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>212 W GORDON ST</AddressLine1Txt>
        <CityNm>DALTON</CityNm>
        <StateAbbreviationCd>GA</StateAbbreviationCd>
        <ZIPCd>307204211</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2021-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>273958145</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>JOHN W MASHBURN CHARITABLE TRUST</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>JOHN</BusinessNameControlTxt>
      <PhoneNum>7062785853</PhoneNum>
      <USAddress>
        <AddressLine1Txt>2206 FAWN DRIVE</AddressLine1Txt>
        <CityNm>DALTON</CityNm>
        <StateAbbreviationCd>GA</StateAbbreviationCd>
        <ZIPCd>30720</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>SHARON BEAVERS</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <PhoneNum>7062785853</PhoneNum>
      <SignatureDt>2022-11-08</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>SHARON</PersonFirstNm>
        <PersonLastNm>BEAVERS</PersonLastNm>
      </PersonFullName>
      <SSN>999009999</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>MICHAEL JINRIGHT</PreparerPersonNm>
      <PTIN>P00978972</PTIN>
      <PhoneNum>7062785853</PhoneNum>
      <PreparationDt>2022-11-10</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2021</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="RetDoc8" referenceDocumentId="RetDoc6">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>12540861</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>667</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>667</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>667</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>7575</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>7575</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>7575</DividendsAdjNetIncmAmt>
        <GrossRentsRevAndExpnssAmt>279644</GrossRentsRevAndExpnssAmt>
        <GrossRentsNetInvstIncmAmt>279644</GrossRentsNetInvstIncmAmt>
        <GrossRentsAdjNetIncmAmt>279644</GrossRentsAdjNetIncmAmt>
        <NetRentalIncomeOrLossAmt>102287</NetRentalIncomeOrLossAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="RetDoc2">-378523</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>2526440</GrossSalesPriceAmt>
        <TotalRevAndExpnssAmt>-90637</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>287886</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>287886</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>90000</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>90000</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstAdjNetIncmAmt>90000</CompOfcrDirTrstAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc1">8640</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>8640</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>8640</AccountingFeesAdjNetIncmAmt>
        <OccupancyRevAndExpnssAmt>1608</OccupancyRevAndExpnssAmt>
        <OccupancyNetInvstIncmAmt>1608</OccupancyNetInvstIncmAmt>
        <OccupancyAdjNetIncmAmt>1608</OccupancyAdjNetIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc5">194177</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>194177</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>194177</OtherExpensesAdjNetIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>294425</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>294425</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>294425</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1686602</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>1686602</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>1981027</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>294425</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>294425</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>1686602</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-2071664</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>148546</CashBOYAmt>
        <CashEOYAmt>493554</CashEOYAmt>
        <CashEOYFMVAmt>493554</CashEOYFMVAmt>
        <CorporateStockBOYAmt>832409</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc3">235850</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>334118</CorporateStockEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>11713189</InvstLandCostOrOtherBasisAmt>
        <LandBldgInvestmentsBOYAmt>13533302</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt referenceDocumentId="RetDoc4">11713189</LandBldgInvestmentsEOYAmt>
        <LandBldgInvestmentsEOYFMVAmt>11713189</LandBldgInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>14514257</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>12442593</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>12540861</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>14514257</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>12442593</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>14514257</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>12442593</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>14514257</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>12442593</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>14514257</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-2071664</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>12442593</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>12442593</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>0</InvestmentIncomeExciseTaxAmt>
      </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>GA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>true</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>SHARON BEAVERS</IndividualWithBooksNm>
        <PhoneNum>7062785853</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>2206 FAWN DRIVE</AddressLine1Txt>
          <CityNm>DALTON</CityNm>
          <StateAbbreviationCd>GA</StateAbbreviationCd>
          <ZIPCd>30720</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>SHARON BEAVERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>2206 FAWN DRIVE</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30720</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>18000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DEWEY HUGHES</PersonNm>
          <USAddress>
            <AddressLine1Txt>1210 VANDERBILT DR</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30720</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>18000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BONNIE JONES</PersonNm>
          <USAddress>
            <AddressLine1Txt>351 CASTLE ROAD</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30720</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>18000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CARLA RIPLEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>1088 GLENN COVE DR</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30720</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>18000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MENDY MASHBURN</PersonNm>
          <USAddress>
            <AddressLine1Txt>442 OLD GRADE RD</AddressLine1Txt>
            <CityNm>RESACA</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30735</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>18000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompensationOfHghstPdCntrctGrp>
          <PersonNm>BEAVERS PROPERTIES LLC</PersonNm>
          <USAddress>
            <AddressLine1Txt>2277 SHANNONDALE PL</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30720</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>PROPERTY MANAGE</ServiceTypeTxt>
          <CompensationAmt>93476</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>HAMILTON HEALTHCARE FOUNDATION</Description1Txt>
        <Expenses1Amt>971115</Expenses1Amt>
        <Description2Txt>FIRST BAPTIST CHURCH OF DALTON</Description2Txt>
        <Expenses2Amt>400000</Expenses2Amt>
        <Description3Txt>WHITFIELD COUNTY SCHOOLS</Description3Txt>
        <Expenses3Amt>275002</Expenses3Amt>
        <Description4Txt>CARPET CAPITAL AQUATICS, DALTON, GA</Description4Txt>
        <Expenses4Amt>10000</Expenses4Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>666947</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>321050</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>12667068</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>13655065</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>13655065</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>204826</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>13450239</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>672512</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>1686602</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>1686602</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <QualifyingDistributionsAmt>1686602</QualifyingDistributionsAmt>
        <RemainingDistriFromCorpusAmt>1686602</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>1686602</TotalCorpusAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>2015-05-04</PrivateOperatingFndtnRulingDt>
        <Section4942j5Ind>X</Section4942j5Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <TotalAmt>0</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>1686602</CurrentYearAmt>
          <Year1Amt>2121909</Year1Amt>
          <Year2Amt>2378692</Year2Amt>
          <Year3Amt>2131445</Year3Amt>
          <TotalAmt>8318648</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>1686602</CurrentYearAmt>
          <Year1Amt>2121909</Year1Amt>
          <Year2Amt>2378692</Year2Amt>
          <Year3Amt>2131445</Year3Amt>
          <TotalAmt>8318648</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>448341</CurrentYearAmt>
          <Year1Amt>509798</Year1Amt>
          <TotalAmt>958139</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WHITFIELD HEALTHCARE FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1200 MEMORIAL DRIVE</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30720</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501-(C)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>NO RESTRICTIONS</GrantOrContributionPurposeTxt>
          <Amt>971115</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FIRST BAPTIST CHURCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>311 N THORNTON AVE</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30720</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501-(C)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>NO RESTRICTIONS</GrantOrContributionPurposeTxt>
          <Amt>400000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WHITFIELD COUNTY SCHOOLS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1306 S THORNTON AVE</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30720</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501-(C)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>NO RESTRICTIONS</GrantOrContributionPurposeTxt>
          <Amt>275002</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MAPLE GROVE BAPTIST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4006 MAPLE GROVE CHURCH R</AddressLine1Txt>
            <CityNm>RESACA</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30735</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501-(C)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>NO RESTRICTIONS</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DALTON STATE COLLEGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>650 COLLEGE DR</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30720</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501-(C)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>2123</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF GEORGIA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>COLLEGE DR</AddressLine1Txt>
            <CityNm>ATHENS</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30602</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501-(C)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF TENNESSEE - CHATT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>615 MCCALLIE AVE</AddressLine1Txt>
            <CityNm>CHATTANOOGA</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37403</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501-(C)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHEROKEE BOYS ESTATE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>850 CHEROKEE BOYS ESTATE</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30721</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501-(C)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>NO RESTRICTIONS</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CARPET CAPITAL AQUATICS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>THORNTON AVE</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30720</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501C(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WHITFIELDMURRAY HISTORICAL SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>715 CHATTANOOGA AVE</AddressLine1Txt>
            <CityNm>DALTON</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30720</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501C(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WILLIAM &amp; MARY COLLEGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>200 STADIUM CR</AddressLine1Txt>
            <CityNm>WILLIAMSBURG</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>23185</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501C(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GEORGIA NORTHWESTERN TECH COLLEGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>265 BICENTENNIAL TRAIL</AddressLine1Txt>
            <CityNm>ROCK SPRINGS</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30739</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501C(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>6362</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1686602</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>667</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>7575</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReNotDebtFincdProp>
          <RelatedOrExemptFunctionIncmAmt>102287</RelatedOrExemptFunctionIncmAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>-378523</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>-267994</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>-267994</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="RetDoc1">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>8640</Amt>
        <NetInvestmentIncomeAmt>8640</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>8640</AdjustedNetIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc2">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>SCHEDULE ATTACHED</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2021-12</SoldDt>
        <GrossSalesPriceAmt>845187</GrossSalesPriceAmt>
        <BasisAmt>653783</BasisAmt>
        <TotalNetAmt>191404</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>125 MARION ST</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2021-08</SoldDt>
        <GrossSalesPriceAmt>266891</GrossSalesPriceAmt>
        <BasisAmt>399557</BasisAmt>
        <TotalNetAmt>-132666</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>334 &amp; 336 S HAMILTON ST</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2021-03</SoldDt>
        <GrossSalesPriceAmt>234484</GrossSalesPriceAmt>
        <BasisAmt>313238</BasisAmt>
        <TotalNetAmt>-78754</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>RESACA PROPERTY</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2021-08</SoldDt>
        <GrossSalesPriceAmt>179878</GrossSalesPriceAmt>
        <BasisAmt>176458</BasisAmt>
        <TotalNetAmt>3420</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>LONGVIEW HOUSE, HIWASSEE, GA</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2021-07</SoldDt>
        <GrossSalesPriceAmt>1000000</GrossSalesPriceAmt>
        <BasisAmt>1361927</BasisAmt>
        <TotalNetAmt>-361927</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHEDULE ATTACHED</StockNm>
        <EOYBookValueAmt>235850</EOYBookValueAmt>
        <EOYFMVAmt>334118</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="RetDoc4">
      <InvestmentLandGrp>
        <CategoryOrItemTxt>REAL ESTATE</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11713189</CostOrOtherBasisAmt>
        <BookValueAmt>11713189</BookValueAmt>
        <EOYFMVAmt>11713189</EOYFMVAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <OtherExpensesSchedule documentId="RetDoc5">
      <OtherExpensesScheduleGrp>
        <Desc>REAL ESTATE</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>28187</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>28187</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>28187</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS</Desc>
        <RevenueAndExpensesPerBooksAmt>32538</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>32538</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>32538</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>2868</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2868</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2868</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EXTERMINATING</Desc>
        <RevenueAndExpensesPerBooksAmt>3284</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3284</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3284</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PROPERTY MANAGMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>93476</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>93476</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>93476</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CLEANING</Desc>
        <RevenueAndExpensesPerBooksAmt>7140</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7140</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>7140</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LANDSCAPING</Desc>
        <RevenueAndExpensesPerBooksAmt>635</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>635</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>635</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TRASH SERVICE</Desc>
        <RevenueAndExpensesPerBooksAmt>4002</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4002</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>4002</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADVERTISING</Desc>
        <RevenueAndExpensesPerBooksAmt>81</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>81</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>81</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>291</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>291</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>291</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>3247</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3247</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3247</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>18428</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>18428</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>18428</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
  </ReturnData>
</Return>
