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            <BusinessNameLine1>WASHINGTON OPERA HOUSE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>116 WEST SECOND ST</AddressLine1>
            <City>MAYSVILLE</City>
            <State>KY</State>
            <ZIPCode>41056</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>PROGRAM SUPPORT</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WEBSTER UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>470 EAST LOCKWOOD</AddressLine1>
            <City>ST LOUIS</City>
            <State>MO</State>
            <ZIPCode>63119</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>PROGRAM SUPPORT</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PHILLIPS EXETER ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>20 MAIN ST</AddressLine1>
            <City>EXETER</City>
            <State>NH</State>
            <ZIPCode>03833</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>PROGRAM SUPPORT</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TOM BROWNING BOYS &amp; GIRLS CLUB</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>241 MAPLE LEAF RD</AddressLine1>
            <City>MAYSVILLE</City>
            <State>KY</State>
            <ZIPCode>41056</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>PROGRAM SUPPORT</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>KENTUCKY GATEWAY MUSEUM CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>216 SUTTON ST</AddressLine1>
            <City>MAYSVILLE</City>
            <State>KY</State>
            <ZIPCode>41056</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>PROGRAM SUPPORT</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>841000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>377033</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>546265</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>EXCISE TAX REFUND</Description>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>2364</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>925662</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>925662</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <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>
    <GainLossSaleOtherAssetsSch documentId="00000002">
      <GainLossSaleOtherAsset>
        <Name>SEE STATEMENT ATTACHED</Name>
        <GrossSalesPrice>2054022</GrossSalesPrice>
        <Basis>1507757</Basis>
        <TotalNet>546265</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpBondsSchedule documentId="00000003">
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 CREDIT SUISSE NY, 5.0 05/15/2013</NameOfBond>
        <EOYBookValue>149148</EOYBookValue>
        <EOYFMV>152469</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>150,000 PEPSICO INC, 5.0 06/01/2018</NameOfBond>
        <EOYBookValue>146468</EOYBookValue>
        <EOYFMV>177908</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>24,975.174 NUVEEN SHORT TERM BOND FUND</NameOfBond>
        <EOYBookValue>251500</EOYBookValue>
        <EOYFMV>251250</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="00000004">
      <InvestmentsCorpStock>
        <NameOfStock>5,100 SH AMEREN CORP</NameOfStock>
        <EOYBookValue>226359</EOYBookValue>
        <EOYFMV>156672</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>5,100 SH CHEVRON CORP</NameOfStock>
        <EOYBookValue>143264</EOYBookValue>
        <EOYFMV>551514</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>5,200 SH CLOROX CO</NameOfStock>
        <EOYBookValue>91873</EOYBookValue>
        <EOYFMV>380744</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>5,600 SH COLGATE PALMOLIVE</NameOfStock>
        <EOYBookValue>112017</EOYBookValue>
        <EOYFMV>585424</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>6,000 SH DOVER CORP</NameOfStock>
        <EOYBookValue>103632</EOYBookValue>
        <EOYFMV>394260</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4,992 SH DUKE ENERGY HOLDING</NameOfStock>
        <EOYBookValue>199613</EOYBookValue>
        <EOYFMV>318490</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,600 SH ECOLAB INC</NameOfStock>
        <EOYBookValue>65728</EOYBookValue>
        <EOYFMV>186940</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>8,000 SH EMERSON ELECTRIC CO</NameOfStock>
        <EOYBookValue>133893</EOYBookValue>
        <EOYFMV>423680</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>7,392 SH EXXON MOBIL</NameOfStock>
        <EOYBookValue>240017</EOYBookValue>
        <EOYFMV>639778</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,600 SH INTERNATIONAL BUSINESS MACHINE</NameOfStock>
        <EOYBookValue>280053</EOYBookValue>
        <EOYFMV>498030</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3,400 SH JOHNSON &amp; JOHNSON</NameOfStock>
        <EOYBookValue>188180</EOYBookValue>
        <EOYFMV>238340</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4,900 SH KIMBERLY CLARK</NameOfStock>
        <EOYBookValue>189109</EOYBookValue>
        <EOYFMV>413707</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>5,500 SH MICROSOFT CORP</NameOfStock>
        <EOYBookValue>150004</EOYBookValue>
        <EOYFMV>146903</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>5,200 SH PEPSICO</NameOfStock>
        <EOYBookValue>145663</EOYBookValue>
        <EOYFMV>355836</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>9,200 SH PFIZER INC</NameOfStock>
        <EOYBookValue>102433</EOYBookValue>
        <EOYFMV>230730</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3,300 SH PRAXAIR INC</NameOfStock>
        <EOYBookValue>146718</EOYBookValue>
        <EOYFMV>361185</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>12,327 SH PROCTER &amp; GAMBLE</NameOfStock>
        <EOYBookValue>282155</EOYBookValue>
        <EOYFMV>836880</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1,000 SH QUALCOMM INC</NameOfStock>
        <EOYBookValue>39290</EOYBookValue>
        <EOYFMV>61859</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>12,285 SH TARGET CORP</NameOfStock>
        <EOYBookValue>514870</EOYBookValue>
        <EOYFMV>726903</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>6,800 SH HERSHEY COMPANY</NameOfStock>
        <EOYBookValue>111642</EOYBookValue>
        <EOYFMV>491096</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1,000 SH UNITED HEALTH GROUP</NameOfStock>
        <EOYBookValue>54599</EOYBookValue>
        <EOYFMV>54240</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>8,500 SH US BANCORP</NameOfStock>
        <EOYBookValue>6207</EOYBookValue>
        <EOYFMV>271490</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>12,000 SH WALGREEN CO</NameOfStock>
        <EOYBookValue>53530</EOYBookValue>
        <EOYFMV>444120</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3,000 SH 3M CO</NameOfStock>
        <EOYBookValue>230072</EOYBookValue>
        <EOYFMV>278550</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="00000005">
      <InvestmentsOther>
        <CategoryOrItem>25,980.000 SH ISHARES MSCI EAFE INDEX FUND ETF</CategoryOrItem>
        <BookValue>1689393</BookValue>
        <EOYFMV>1477223</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>6,650.000 SH IPATH DOW JONES UBS COMMODITY</CategoryOrItem>
        <BookValue>255226</BookValue>
        <EOYFMV>274978</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>25,300.000 SH ISHARES MSCI EMERGING MARKETS ETF</CategoryOrItem>
        <BookValue>987193</BookValue>
        <EOYFMV>1122055</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>4,200.000 SH MIDCAP SPDR TRUST SERIES ETF</CategoryOrItem>
        <BookValue>463559</BookValue>
        <EOYFMV>779982</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="00000006">
      <LegalFees>
        <Category>CORS &amp; BASSETT, LLC LEGAL</Category>
        <Amount>1173</Amount>
        <DisbursementsCharitablePrps>1173</DisbursementsCharitablePrps>
      </LegalFees>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="00000007">
      <OtherAssets>
        <Description>Midcap Spdr Trust</Description>
        <EOYBookValue>143</EOYBookValue>
        <EOYFMV>143</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>iShares Msci Emerging Markets Fund</Description>
        <EOYBookValue>360</EOYBookValue>
        <EOYFMV>360</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>Nuveen Short Term Bond Fund</Description>
        <EOYBookValue>475</EOYBookValue>
        <EOYFMV>475</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000008">
      <OtherAssets>
        <Description>Midcap Spdr Trust</Description>
        <EOYBookValue>143</EOYBookValue>
        <EOYFMV>143</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>iShares Msci Emerging Markets Fund</Description>
        <EOYBookValue>360</EOYBookValue>
        <EOYFMV>360</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>Nuveen Short Term Bond Fund</Description>
        <EOYBookValue>475</EOYBookValue>
        <EOYFMV>475</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000009">
      <OtherAssets>
        <Description>Midcap Spdr Trust</Description>
        <EOYBookValue>143</EOYBookValue>
        <EOYFMV>143</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>iShares Msci Emerging Markets Fund</Description>
        <EOYBookValue>360</EOYBookValue>
        <EOYFMV>360</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>Nuveen Short Term Bond Fund</Description>
        <EOYBookValue>475</EOYBookValue>
        <EOYFMV>475</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="00000010">
      <OtherExpenses>
        <Description>STATE FILING FEES</Description>
        <RevenueAndExpensesPerBooks>200</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>200</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>CUSTODIAN AND MGMT FEES</Description>
        <RevenueAndExpensesPerBooks>35344</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>35344</NetInvestmentIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="00000011">
      <OtherIncome>
        <Description>EXCISE TAX REFUND</Description>
        <RevenueAndExpensesPerBooks>2364</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="00000012">
      <OtherProfessionalFees>
        <Category>US BANK N.A. TAX PREPARATION</Category>
        <Amount>750</Amount>
        <DisbursementsCharitablePrps>750</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="00000013">
      <Taxes>
        <Category>2011 EXCISE TAX</Category>
        <Amount>4155</Amount>
      </Taxes>
      <Taxes>
        <Category>2012 EST TAX</Category>
        <Amount>4716</Amount>
      </Taxes>
      <Taxes>
        <Category>FOREIGN TAXES</Category>
        <Amount>4868</Amount>
        <NetInvestmentIncome>4868</NetInvestmentIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>