﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" returnVersion="2021v4.2">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2022-11-11T13:38:15-05:00</ReturnTs>
    <TaxPeriodEndDt>2021-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Lynn A Lancaster CPA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>450 Krameria Street</AddressLine1Txt>
        <CityNm>Denver</CityNm>
        <StateAbbreviationCd>CO</StateAbbreviationCd>
        <ZIPCd>80220</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2021-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>841464322</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>Bansbach Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>BANS</BusinessNameControlTxt>
      <USAddress>
        <AddressLine1Txt>650 S Cherry Street Suite 1005</AddressLine1Txt>
        <CityNm>Glendale</CityNm>
        <StateAbbreviationCd>CO</StateAbbreviationCd>
        <ZIPCd>80246</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Pamela G Bansbach</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <PhoneNum>3033206778</PhoneNum>
      <SignatureDt>2022-11-06</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>Pamela</PersonFirstNm>
        <PersonLastNm>Bansbach</PersonLastNm>
      </PersonFullName>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Lynn A Lancaster</PreparerPersonNm>
      <PTIN>P01344251</PTIN>
      <PhoneNum>7203533691</PhoneNum>
      <PreparationDt>2022-11-11</PreparationDt>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp>
        <TrustedCustomerCd>0</TrustedCustomerCd>
        <OOBSecurityVerificationCd>00</OOBSecurityVerificationCd>
        <AuthenticationAssuranceLevelCd>AAL2</AuthenticationAssuranceLevelCd>
        <IdentityAssuranceLevelCd>IAL1</IdentityAssuranceLevelCd>
      </TrustedCustomerGrp>
    </AdditionalFilerInformation>
    <TaxYr>2021</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>10539978</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>427766</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>26618</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>26618</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>215590</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>215590</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>283358</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>2617274</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>283358</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="STM106">50741</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>50741</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>1004073</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>576307</TotalNetInvstIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="STM109">25371</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>22326</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>3045</OtherProfFeesDsbrsChrtblAmt>
        <InterestRevAndExpnssAmt>9485</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>9485</InterestNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="STM103">34778</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>34778</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>69634</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>66589</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>3045</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>485490</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>485490</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>555124</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>66589</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>488535</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>448949</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>509718</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>4993</CashBOYAmt>
        <CashEOYAmt>179056</CashEOYAmt>
        <CashEOYFMVAmt>179056</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>390733</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>615203</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>615203</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>5776677</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="STM137">5812093</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>9745719</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>6172403</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>6606352</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>10539978</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>6172403</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>6606352</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>6172403</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>6606352</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>6172403</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>6606352</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>6172403</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>448949</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>6621352</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="STM116">15000</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>6606352</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Schedule 1</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-06-15</AcquiredDt>
          <SoldDt>2021-04-16</SoldDt>
          <GrossSalesPriceAmt>651477</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>651068</CostOrOtherBasisAmt>
          <GainOrLossAmt>409</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>409</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Schedule 2</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-09-19</AcquiredDt>
          <SoldDt>2021-09-07</SoldDt>
          <GrossSalesPriceAmt>1615921</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1682848</CostOrOtherBasisAmt>
          <GainOrLossAmt>-66927</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-66927</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Flow through investments</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-06-15</AcquiredDt>
          <SoldDt>2021-12-31</SoldDt>
          <GrossSalesPriceAmt>349876</GrossSalesPriceAmt>
          <GainOrLossAmt>349876</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>349876</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>283358</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>7085</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>7085</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>7085</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>17550</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>17550</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>10465</OverpaymentAmt>
        <AppliedToESTaxAmt>10465</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>
        <OrgReportOrRegisterStateCd>CO</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <IndividualWithBooksNm>Pamela G Bansbach</IndividualWithBooksNm>
        <PhoneNum>3033206778</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>650 S Cherry Suite 1005</AddressLine1Txt>
          <CityNm>Denver</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80246</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <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>Pamela G Bansbach</PersonNm>
          <USAddress>
            <AddressLine1Txt>650 S Cherry Suite 1005</AddressLine1Txt>
            <CityNm>Denver</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80246</ZIPCd>
          </USAddress>
          <TitleTxt>President Treasurer</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>20.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Louis P Bansbach IV</PersonNm>
          <USAddress>
            <AddressLine1Txt>650 South Cherry Suite 1005</AddressLine1Txt>
            <CityNm>Denver</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80246</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Brooke Bansbach Maloy</PersonNm>
          <USAddress>
            <AddressLine1Txt>650 South Cherry Suite 1005</AddressLine1Txt>
            <CityNm>Denver</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80246</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</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>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>9860917</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>288495</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>10149412</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>10149412</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>152241</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>9997171</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>499859</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>499859</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>7085</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>7085</TotalTaxAmt>
        <DistributableBeforeAdjAmt>492774</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>492774</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>492774</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>488535</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>488535</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>492774</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>44631</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr3Amt>13059</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>26002</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>87093</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>170785</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>488535</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>488535</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>4239</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>4239</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>166546</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>40392</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>126154</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>13059</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>26002</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>87093</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>Louis P Bansbach and Pam Bansbach</ContributingManagerNm>
        <ShareholderManagerNm>None</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Schedule 3</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>Schedule 3</AddressLine1Txt>
            <CityNm>Denver</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80246</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>Schedule 3</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Schedule 3</GrantOrContributionPurposeTxt>
          <Amt>485490</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>485490</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>26618</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>215590</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>283358</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>525566</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>525566</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>
    <InvestmentsCorpStockSchedule documentId="STM137">
      <InvestmentsCorporateStockGrp>
        <StockNm>Investments</StockNm>
        <EOYBookValueAmt>5812093</EOYBookValueAmt>
        <EOYFMVAmt>9745719</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherDecreasesSchedule documentId="STM116">
      <OtherDecreasesDetail>
        <Desc>Federal Taxes</Desc>
        <Amt>15000</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="STM103">
      <OtherExpensesScheduleGrp>
        <Desc>Investment Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>34778</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>34778</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="STM106">
      <OtherIncomeDetail>
        <Desc>Other Income</Desc>
        <RevenueAndExpensesPerBooksAmt>50741</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>50741</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="STM109">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Asset Management Fees</CategoryTxt>
        <Amt>19281</Amt>
        <NetInvestmentIncomeAmt>19281</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Administrative Fees</CategoryTxt>
        <Amt>6090</Amt>
        <NetInvestmentIncomeAmt>3045</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3045</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>