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    <Timestamp>2013-05-06T12:59:50-07:00</Timestamp>
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        <BusinessNameLine1>KENNETH R BRAUN CPA</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
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        <City>HAYS</City>
        <State>KS</State>
        <ZIPCode>67601</ZIPCode>
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    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-12-01</TaxPeriodBeginDate>
    <Filer>
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      <Name>
        <BusinessNameLine1>ROBERT E AND PATRICIA SCHMIDT FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>ROBE</NameControl>
      <Phone>7856252354</Phone>
      <USAddress>
        <AddressLine1>1011 WEST 27TH</AddressLine1>
        <City>HAYS</City>
        <State>KS</State>
        <ZIPCode>67601</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>ROBERT E SCHMIDT</Name>
      <Title>PRESIDENT</Title>
      <Phone>7856252354</Phone>
      <DateSigned>2013-01-24</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>KENNETH R BRAUN CPA</Name>
      <Phone>7856252354</Phone>
      <DatePrepared>2013-05-06</DatePrepared>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
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        <InterestOnSavingsRevAndExpnss>457</InterestOnSavingsRevAndExpnss>
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        <GrossRentsAdjNetIncm>43934</GrossRentsAdjNetIncm>
        <NetRentalIncomeOrLoss>43933</NetRentalIncomeOrLoss>
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        <InvestmentsMortgageLoansBOY>150000</InvestmentsMortgageLoansBOY>
        <InvestmentsMortgageLoansEOY>150000</InvestmentsMortgageLoansEOY>
        <InvestmentsMortgageLoansEOYFMV>150000</InvestmentsMortgageLoansEOYFMV>
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        <TotalLiabilitiesNetAssetsEOY>9902864</TotalLiabilitiesNetAssetsEOY>
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          <DescriptionOfAsset>Schedule Attached</DescriptionOfAsset>
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        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>General Motors Notes (3)</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
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        <TaxUnderSection511>0</TaxUnderSection511>
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        <TaxBasedOnInvestmentIncome>7136</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>6986</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>6986</TotalCreditsAndPayments>
        <TaxPaidOriginalReturn>6986</TaxPaidOriginalReturn>
        <TaxDue>150</TaxDue>
        <AmountCreditedToNextYear>0</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>KS</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>true</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>KENNETH RBRAUN CPA</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>7856252354</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>1011 WEST 27TH SUITE F-2 PO BOX 724</AddressLine1>
          <City>HAYS</City>
          <State>KS</State>
          <ZIPCode>67601</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
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        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ROBERT E SCHMIDT</PersonName>
          <USAddress>
            <AddressLine1>2902 COUNTRY LANE</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </USAddress>
          <Title>Trustee/President</Title>
          <AvgHoursPerWkDevotedToPosition>3.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>PATRICIA A SCHMIDT</PersonName>
          <USAddress>
            <AddressLine1>2902 COUNTRY LANE</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>KENNETH R BRAUN</PersonName>
          <USAddress>
            <AddressLine1>3008 CHERRY HILL DRIVE</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </USAddress>
          <Title>Trustee/Treasurer</Title>
          <AvgHoursPerWkDevotedToPosition>3.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>GARY SHORMAN</PersonName>
          <USAddress>
            <AddressLine1>3005 THUNDERBIRD DRIVE</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>RANDY WALKER</PersonName>
          <USAddress>
            <AddressLine1>1107 FAIRWAY DRIVE</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </USAddress>
          <Title>Trustee</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>2000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>JOSEPH W JETER</PersonName>
          <USAddress>
            <AddressLine1>1117 OAKMONT</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </USAddress>
          <Title>Trustee/Secretary</Title>
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          <Compensation>2000</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
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        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
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      <SummaryOfDirectCharitableActy>
        <Description1>See Part XV Page 11 for details for all contributions36 Recipients</Description1>
        <Expenses1>369000</Expenses1>
      </SummaryOfDirectCharitableActy>
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        <AvgMonthlyCashBalances>207839</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>7344063</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>7344063</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>110161</CashDeemedCharitable>
        <NetNoncharitableAssets>7233902</NetNoncharitableAssets>
        <MinimumInvestmentReturn>361695</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>361695</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>7136</TaxBasedOnInvestmentIncome>
        <TotalTax>7136</TotalTax>
        <DistributableAmountBeforeAdj>354559</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>354559</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>354559</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>369000</ExpensesAndContributions>
        <QualifyingDistributions>369000</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>7136</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>361864</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>354559</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>368385</UndistributedIncomePriorYear>
        <PriorYear1>2009</PriorYear1>
        <PriorYear2>2010</PriorYear2>
        <TotalForPriorYears>364796</TotalForPriorYears>
        <ExcessDistriCarryoverYear2>4796</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>360000</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>364796</TotalExcessDistriCarryover>
        <QualifyingDistributions>369000</QualifyingDistributions>
        <AppliedToYear1>368385</AppliedToYear1>
        <RemainingDistriFromCorpus>615</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>615</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>615</ExcessDistriCyovAppliedCY>
        <TotalCorpus>364796</TotalCorpus>
        <PriorYearUndistributedIncome>364796</PriorYearUndistributedIncome>
        <TaxableAmount1>364796</TaxableAmount1>
        <UndistributedIncomeCY>353944</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>364796</ExcessDistriCyovToNextYear>
        <ExcessFromYear2>4181</ExcessFromYear2>
        <ExcessFromYear1>360000</ExcessFromYear1>
        <ExcessFromCurrentYear>615</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>ROBERT E SCHMIDT</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <AppicationSubmissionInfo>
          <RecipientName>ROBERT E SCHMIDT</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>290W COUNTRY LANE</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>7856254000</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>INDIVIDUAL APPLICANTS SHOULD SUBMIT A BRIEF RESUME OF ACADEMIC QUALIFICATIONS. FOR RESEARCH GRANTS,</FormAndInfoAndMaterials>
          <SubmissionDeadlines>APPLICATIONS ARE ACCEPTED AT ANY TIME. NOTICE OF APPROVAL, REJECTION, OR REQUEST</SubmissionDeadlines>
          <RestrictionsOnAwards>SEE ATTACHED</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <AppicationSubmissionInfo>
          <RecipientName>ROBERT E SCHMIDT</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 916</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>7856251772</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>INCLUDE AN OUTLINE OF THE PROPOSED INVESTIGATION AND A PROPOSED BUDGET.</FormAndInfoAndMaterials>
          <SubmissionDeadlines>FOR ADDITIONAL INFORMATION IS TO BE SENT WITHIN ONE MONTH.</SubmissionDeadlines>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>KANSAS ASSOCIATION OF BROADCASTERS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>214 SW AVE SUITE 300</AddressLine1>
            <City>TOPEKA</City>
            <State>KS</State>
            <ZIPCode>66603</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Scholarship Fund</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SMOKY HILL PUBLIC TELEVISION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 9</AddressLine1>
            <City>BUNKER HILL</City>
            <State>KS</State>
            <ZIPCode>67626</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>AnnualUnrestrictedAppeal</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HAYS ARTS COUNCIL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>112 EAST 11TH</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Sec(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Historical Mural</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DREAM INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2822 VINE POBOX 2882</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Unrestricted</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERCICAN RED CROSS OF ELLISCOUNTYKS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>103 EAST 27TH STREET</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Unrestricted</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BIG BROTHERSBIG SISTERS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2707 VINE STREET</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CareNeedy Children</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNITED WAY OF ELLIS COUNTY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>718 MAIN STREET</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Unrestricted</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ELLIS COUNTY HISTORICAL SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>100 WEST 7TH</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Historical</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>COMMUNITY ASSISTANCE CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>208 EAST 12TH</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Unrestricted \Gift</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DIOCESE OF SALINA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 980</AddressLine1>
            <City>SALINA</City>
            <State>KS</State>
            <ZIPCode>67401</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Churches</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>and TommorrowYesterday, TodayCapital Campaign</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FIRST CALL FOR HELP OF ELLIS CNTY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>205 EAST 7TH SUITE 204</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Unrestricted</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HAYS AREA CHILDREN'S CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>94 LEWIS DRIVE</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501)(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Unrestricted</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MARY ELIZABETH FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>204 WEST 7TH</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>AssistanceUnwed Mothers</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ST JOSEPH'S CATHOLIC CHURCH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>210 WEST 13TH</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>AssistanceReligious</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CEREBRAL PALSY RESEARCH FD</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 8217</AddressLine1>
            <City>WICHITA</City>
            <State>KS</State>
            <ZIPCode>67208</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ResearchMedicalFoundation</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>KS COUNCIL ON ECONOMIC EDUCATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1845 FAIRMOUNT STWSU CAMPUS BOX 203</AddressLine1>
            <City>WICHITA</City>
            <State>KS</State>
            <ZIPCode>67260</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Public Education]</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NW TECH COLLEGE ENDOWMENT FUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2205 WHEATLAND DRIVE</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ScholarshipsNursing School</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FHSU ATHLETIC ASSOCIATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>600 PARK STREET</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>&amp; Athletic DirectorAthletic DeptSpecial Fund</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HAYS ARTS COUNCIL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>112 EAST 11TH STREET</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Theatre EnrichmentUnrestricked</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CITY OF HAYS KANSAS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 490</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Sports Complex3 of 10</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DSNWK</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1016</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Help Handicaped</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CENTER FOR LIFE EXPERIENCE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2900 HALL STREET</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Unresticted</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FHSU ENDOWMENT FD</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>600 PARK STREET</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>FundScholarship</PurposeOfGrantOrContribution>
          <Amount>7500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FORT HAYS STATE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>600 PARK STREET</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Indoor PracticeAthletic Building</PurposeOfGrantOrContribution>
          <Amount>130000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TMPMARIAN ENDOWMENT ASSO</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1701 HALL STREET</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>509</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Establish Junior HighSt. Thomas More Society</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CANCER COUNCIL OF ELLIS COUNTY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>114 WEST 7TH</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>HealthAssistance</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BUCKLIN MINISTERIAL ALLIANCE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1405 ELBOW BEND</AddressLine1>
            <City>DODGE CITY</City>
            <State>KS</State>
            <ZIPCode>67801</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Sponsorship of The LastSupper</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MOUNT MARY COLLEGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2900 N MENOMONEE RIVER PARKWAY</AddressLine1>
            <City>MILWAUKEE</City>
            <State>WI</State>
            <ZIPCode>53222</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Scholarship Fund</PurposeOfGrantOrContribution>
          <Amount>3000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FORT HAYS STATE UNIVERSITY FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1060</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PublicEducation</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>COBL Partnership</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GIRL SCOUTS OF KS HEARTLAND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2703 VINE SUITE 8</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NEW IMAGES MINISTRIES INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 71</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)Religion</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ELLIS COUNTY HISTORICAL SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>100 WEST 7TH</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Public</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Unrestricted</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HOSPICE OF HAYS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2220 CANTERBURY DRIVE</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PublicHealth</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Medical Needs</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FHSU FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1060</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PublicSchooling</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>High Plains BandCamp 2012</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE BROADCASTER FOUNDATION OF AMERCIA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>125 W 55TH ST21ST FLOOR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10019</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>to less Fortunate inEmergency AssistanceBroadcast</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ST NICOLAS OF MYRA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2901 E 13TH</AddressLine1>
            <City>HAYS</City>
            <State>KS</State>
            <ZIPCode>67601</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>Education</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Class Room ProjectPayment 1 of 5</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GOOD SAMARITAN SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1156 HIGHWAY 14</AddressLine1>
            <City>ELLSWORTH</City>
            <State>KS</State>
            <ZIPCode>67439</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Help for Aged</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>369000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>457</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>256151</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <RelatedOrExemptFunctionIncome>361161</RelatedOrExemptFunctionIncome>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>256608</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>361161</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>617769</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>n/a</LineNumber>
          <RelationshipStatement>not applicable</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
      </RlnOfActyToAccomOfExemptPrps>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="00000002">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>ROBERT E SCHMIDT</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>2901 COUNTRY LAND</AddressLine1>
          <City>HAYS</City>
          <State>KS</State>
          <ZIPCode>67601</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>2225000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <NoncashProperty>
        <ContributorNumberFromPartI>1</ContributorNumberFromPartI>
        <NoncashPropertyDescription>5,619 ACRES OF KIOWA COUNTY COLORADO FARM LAND CONTRIUBTED BY ROBERT E. SCHMIDT ON 8/31/12</NoncashPropertyDescription>
        <FairMarketValue>2225000</FairMarketValue>
        <DateReceived>2012-08-31</DateReceived>
      </NoncashProperty>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="00000004">
      <AccountingFees>
        <Category>Kenneth R. Braun, CPA Accounting &amp; Tax Services</Category>
        <Amount>8512</Amount>
      </AccountingFees>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="00000005">
      <Depreciation>
        <DescriptionOfProperty>Gella's Restaurant Building (Rental Bldg)</DescriptionOfProperty>
        <DateAcquired>2012-09-14</DateAcquired>
        <CostOrOtherBasis>1001273</CostOrOtherBasis>
        <ComputationMethod>SL</ComputationMethod>
        <Life>39.00</Life>
        <CurrentYearExpense>5176</CurrentYearExpense>
      </Depreciation>
    </DepreciationSchedule>
    <GainLossSaleOtherAssetsSch documentId="00000006">
      <GainLossSaleOtherAsset>
        <Name>Public Listed Securities (Schedule Attached)</Name>
        <DateAcquired>2009-01</DateAcquired>
        <HowAcquired>Purchased</HowAcquired>
        <DateSold>2012-11</DateSold>
        <PurchaserName>
          <Business>
            <BusinessNameLine1>BROKERS (VSR SECRUTIES)</BusinessNameLine1>
          </Business>
        </PurchaserName>
        <GrossSalesPrice>2321358</GrossSalesPrice>
        <Basis>1815030</Basis>
        <TotalNet>506328</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>General Motors Notes (3)Exchange for stock &amp; warrants</Name>
        <DateAcquired>2005-03</DateAcquired>
        <HowAcquired>Purchased</HowAcquired>
        <DateSold>2011-12</DateSold>
        <PurchaserName>
          <Individual>GENERAL MOTORS CORP</Individual>
        </PurchaserName>
        <GrossSalesPrice>39256</GrossSalesPrice>
        <Basis>184423</Basis>
        <TotalNet>-145167</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpBondsSchedule documentId="00000007">
      <InvestmentsCorpBonds>
        <NameOfBond>Corporate bonds held in VSR # 7207-0442</NameOfBond>
        <EOYBookValue>47609</EOYBookValue>
        <EOYFMV>64130</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>Accrued interest on Fixed Income Securities held by VSR</NameOfBond>
        <EOYBookValue>1719</EOYBookValue>
        <EOYFMV>1719</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="00000008">
      <InvestmentsCorpStock>
        <NameOfStock>Equities held in VSR # 7207-0442(less options)</NameOfStock>
        <EOYBookValue>2639806</EOYBookValue>
        <EOYFMV>3380853</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>Closed End Mutual Funds held in # 7207-0442</NameOfStock>
        <EOYBookValue>515160</EOYBookValue>
        <EOYFMV>499376</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>Equities held in VSR # 7111-3728</NameOfStock>
        <EOYBookValue>611099</EOYBookValue>
        <EOYFMV>626124</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>Mutual Funds held in VSR # 7207-0442</NameOfStock>
        <EOYBookValue>396798</EOYBookValue>
        <EOYFMV>417479</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>Excess Fair Market Value of Stocks Contributed in 2010</NameOfStock>
        <EOYBookValue>5927</EOYBookValue>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>Equities held in Morgan Stanley Account</NameOfStock>
        <EOYBookValue>105000</EOYBookValue>
        <EOYFMV>69500</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>Mutual Funds held in VSR # 7111-3728</NameOfStock>
        <EOYBookValue>392506</EOYBookValue>
        <EOYFMV>426719</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>Equities held by Edward Jones</NameOfStock>
        <EOYBookValue>101534</EOYBookValue>
        <EOYFMV>100692</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="00000009">
      <InvestmentsOther>
        <CategoryOrItem>Norcap Diversified Premium Funds</CategoryOrItem>
        <BookValue>632222</BookValue>
        <EOYFMV>632222</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Trico Fund II, LLC</CategoryOrItem>
        <BookValue>61036</BookValue>
        <EOYFMV>61036</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Coachman Energy, LLC</CategoryOrItem>
        <BookValue>2461</BookValue>
        <EOYFMV>2461</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Savoy Holdings, LLC</CategoryOrItem>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>Savoy Income Fund, LLC</CategoryOrItem>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="00000010">
      <LandEtc>
        <CategoryOrItem>Gella Restaurant Building</CategoryOrItem>
        <CostOrOtherBasis>1001273</CostOrOtherBasis>
        <BookValue>1001273</BookValue>
      </LandEtc>
    </LandEtcSchedule2>
    <OtherAssetsSchedule documentId="00000011">
      <OtherAssets>
        <Description>FARM LAND (CRP RENTED AND LEASED FOR OIL)</Description>
        <BOYBookValue>521397</BOYBookValue>
        <EOYBookValue>2746397</EOYBookValue>
        <EOYFMV>2746397</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000012">
      <OtherAssets>
        <Description>FARM LAND (CRP RENTED AND LEASED FOR OIL)</Description>
        <BOYBookValue>521397</BOYBookValue>
        <EOYBookValue>2746397</EOYBookValue>
        <EOYFMV>2746397</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000013">
      <OtherAssets>
        <Description>FARM LAND (CRP RENTED AND LEASED FOR OIL)</Description>
        <BOYBookValue>521397</BOYBookValue>
        <EOYBookValue>2746397</EOYBookValue>
        <EOYFMV>2746397</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="00000014">
      <OtherExpenses>
        <Description>VSR Financial Fees</Description>
        <RevenueAndExpensesPerBooks>29998</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>29998</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Directors' Mtg Expenses</Description>
        <RevenueAndExpensesPerBooks>76</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>76</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Small Foudation Asso Dues</Description>
        <RevenueAndExpensesPerBooks>695</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>695</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Office supplies</Description>
        <RevenueAndExpensesPerBooks>449</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>449</NetInvestmentIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="00000015">
      <OtherIncome>
        <Description>Earnings from Public Partnerships:</Description>
      </OtherIncome>
      <OtherIncome>
        <Description>Trico Fund II (Loss)</Description>
        <RevenueAndExpensesPerBooks>-1258</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-1258</NetInvestmentIncome>
        <AdjustedNetIncome>-1258</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>Coachman Energy, II, LLC</Description>
        <RevenueAndExpensesPerBooks>48362</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>48362</NetInvestmentIncome>
        <AdjustedNetIncome>48362</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>Savoy income Fund (Loss)</Description>
      </OtherIncome>
      <OtherIncome>
        <Description>Norcap Diversified Fund Earnings</Description>
        <RevenueAndExpensesPerBooks>61675</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>61675</NetInvestmentIncome>
        <AdjustedNetIncome>61675</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="00000016">
      <OtherIncreases>
        <Description>Depreciation for Tax purposes in excess of Books on books</Description>
        <Amount>5176</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
  </ReturnData>
</Return>