<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2020v4.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2021-10-20T08:51:26-05:00</ReturnTs>
    <TaxPeriodEndDt>2020-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>273730117</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>WILLIAM WEBB &amp; ASSOCIATES LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>404 E ATLANTIC BLVD</AddressLine1Txt>
        <CityNm>POMPANO BEACH</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>33060</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2020-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>656312009</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>SBMT CHARITABLE TRUST</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>SBMT</BusinessNameControlTxt>
      <PhoneNum>9549415533</PhoneNum>
      <USAddress>
        <AddressLine1Txt>2211 EAST SAMPLE ROAD 104</AddressLine1Txt>
        <CityNm>LIGHTHOUSE POINT</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>33064</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>DANIEL J TRUNK</PersonNm>
      <PersonTitleTxt>TRUSTEE-ADVISORY BRD</PersonTitleTxt>
      <PhoneNum>9549415533</PhoneNum>
      <SignatureDt>2021-10-15</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>DANIEL</PersonFirstNm>
        <PersonLastNm>TRUNK</PersonLastNm>
      </PersonFullName>
      <SSN>990009999</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>JACK F CRISSY CPA</PreparerPersonNm>
      <PTIN>P00187753</PTIN>
      <PhoneNum>9547825250</PhoneNum>
      <PreparationDt>2021-10-15</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2020</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="RetDoc11" referenceDocumentId="RetDoc8">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1327974</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>479</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>479</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>479</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>11070</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>11070</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>11070</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>198386</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1452709</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>198386</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>31567</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc6">65</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>65</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>65</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>210000</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>210000</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>43181</TotalAdjNetIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc4">3405</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>3405</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>3405</LegalFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc7">56</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>56</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>56</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc5">9481</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>9481</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>9481</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>12942</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>12942</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>12942</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>70000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>70000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>82942</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>12942</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>82942</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>127058</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>197058</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>43181</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>3662</CashBOYAmt>
        <CashEOYAmt>2</CashEOYAmt>
        <SavAndTempCashInvstBOYAmt>69771</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>134610</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>134610</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>327388</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2">571771</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>658213</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>285961</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc1">534848</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>535151</CorporateBondsEOYFMVAmt>
        <LandBOYAmt>427391</LandBOYAmt>
        <TotalAssetsBOYAmt>1114173</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1241231</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1327974</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>1114173</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>1241231</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1114173</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1241231</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1114173</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1241231</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1114173</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>127058</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>1241231</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>1241231</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE ATTACHED SCHEDULE - BNY MELLON</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>152751</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>150366</CostOrOtherBasisAmt>
          <GainOrLossAmt>2385</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2385</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE ATTACHED SCHEDULE - BNY MELLON</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>575680</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>479518</CostOrOtherBasisAmt>
          <GainOrLossAmt>96162</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>96162</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE ATTACHED SCHEDULE - FIFTH THIRD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>17293</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16601</CostOrOtherBasisAmt>
          <GainOrLossAmt>692</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>692</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE ATTACHED SCHEDULE - FIFTH THIRD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>134206</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>105716</CostOrOtherBasisAmt>
          <GainOrLossAmt>28490</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>28490</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE ATTACHED SCHEDULE - FIFTH THIRD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>124087</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>74731</CostOrOtherBasisAmt>
          <GainOrLossAmt>49356</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>49356</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PROPERTY - 175 SE 2ND AVENUE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-01-01</AcquiredDt>
          <SoldDt>2020-04-10</SoldDt>
          <GrossSalesPriceAmt>448550</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>427391</CostOrOtherBasisAmt>
          <GainOrLossAmt>21159</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>21159</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>198386</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>31567</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>2739</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>2739</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>2739</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>1103</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>1103</TotalPaymentsAndCreditsAmt>
        <TaxDueAmt>1636</TaxDueAmt>
      </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>FL</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>DANIEL J TRUNK</IndividualWithBooksNm>
        <PhoneNum>9549415533</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1420 CORMORANT ROAD</AddressLine1Txt>
          <CityNm>DELRAY BEACH</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>33441</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>JAMES J TRUNK</PersonNm>
          <USAddress>
            <AddressLine1Txt>1390 S OCEAN BLVD</AddressLine1Txt>
            <AddressLine2Txt>UNIT 5-D</AddressLine2Txt>
            <CityNm>POMPANO BEACH</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33062</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE-ADVI</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHELLE T RAIA</PersonNm>
          <USAddress>
            <AddressLine1Txt>1250 SW 21 LANE</AddressLine1Txt>
            <CityNm>BOCA RATON</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33486</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTE-ADVIS</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DANIEL J TRUNK</PersonNm>
          <USAddress>
            <AddressLine1Txt>1420 CORMORANT ROAD</AddressLine1Txt>
            <CityNm>DELRAY BEACH</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33441</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE-ADVI</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>862815</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>480753</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>142463</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1486031</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1486031</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>22290</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1463741</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>73187</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>73187</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>2739</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>2739</TotalTaxAmt>
        <DistributableBeforeAdjAmt>70448</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>70448</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>70448</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>82942</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>82942</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>82942</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>70448</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr2Amt>28397</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>18729</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>47126</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>82942</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>70448</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>12494</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>59620</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>59620</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>28397</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>18729</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>12494</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SURFAID INTERNATIONAL USA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>191 CALLE MAGDALENA</AddressLine1Txt>
            <AddressLine2Txt>SUITE 290</AddressLine2Txt>
            <CityNm>ENCINITAS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92024</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>TAX EXEMPT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROVIDE FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE PIARIST SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>HIGHWAY 80</AddressLine1Txt>
            <AddressLine2Txt>BOX 870</AddressLine2Txt>
            <CityNm>MARTIN</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41649</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>TAX EXEMPT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROVIDE FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BOCA HELPING HANDS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1500 NW 1ST COURT</AddressLine1Txt>
            <CityNm>BOCA RATON</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33432</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>TAX EXEMPT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROVIDE FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>70000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>479</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>11070</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>65</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>198386</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>210000</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>210000</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>
    <InvestmentsCorpBondsSchedule documentId="RetDoc1">
      <InvestmentsCorporateBondsGrp>
        <BondNm>SEE ATTACHED SCHEDULE</BondNm>
        <EOYBookValueAmt>534848</EOYBookValueAmt>
        <EOYFMVAmt>535151</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2">
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED SCHEDULE</StockNm>
        <EOYBookValueAmt>571771</EOYBookValueAmt>
        <EOYFMVAmt>658213</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="RetDoc3">
      <LandEtcGrp>
        <CategoryOrItemTxt>PROPERTY</CategoryOrItemTxt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc4">
      <LegalFeesGrp>
        <CategoryTxt>LAW OFFICES OF LARRY F. WITTE P.</CategoryTxt>
        <LegalFeesAmt>3405</LegalFeesAmt>
        <NetInvestmentIncomeAmt>3405</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3405</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc5">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>5819</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5819</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5819</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>3662</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3662</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3662</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc6">
      <OtherIncomeDetail>
        <Desc>CLASS ACTION PROCEEDS</Desc>
        <RevenueAndExpensesPerBooksAmt>15</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>15</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>15</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NON-DIVIDEND DISTRIBUTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>50</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>50</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>50</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="RetDoc7">
      <TaxesDetail>
        <CategoryTxt>FOREIGN DIVIDEND TAXES WITHHELD</CategoryTxt>
        <Amt>56</Amt>
        <NetInvestmentIncomeAmt>56</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>56</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
