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        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>4637178</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>26152</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>4663330</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>4663330</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>69950</CashDeemedCharitable>
        <NetNoncharitableAssets>4593380</NetNoncharitableAssets>
        <MinimumInvestmentReturn>229669</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <Sect4942j3j5FndtnAndFrgnOrg>X</Sect4942j3j5FndtnAndFrgnOrg>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>367791</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>367791</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>0</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>367791</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <PrivateOperatingFoundations>
        <Section4942j3>X</Section4942j3>
        <LessorAdjNetIncmMinInvstReturn>
          <CurrentYear>139727</CurrentYear>
          <Year1>97818</Year1>
          <Year2>99565</Year2>
          <Year3>196929</Year3>
          <Total>534039</Total>
        </LessorAdjNetIncmMinInvstReturn>
        <Percent85OfLessor>
          <CurrentYear>118768</CurrentYear>
          <Year1>83145</Year1>
          <Year2>84630</Year2>
          <Year3>167390</Year3>
          <Total>453933</Total>
        </Percent85OfLessor>
        <QualifyingDistributions>
          <CurrentYear>367791</CurrentYear>
          <Year1>1015537</Year1>
          <Year2>1246585</Year2>
          <Year3>1886518</Year3>
          <Total>4516431</Total>
        </QualifyingDistributions>
        <QlfyDistriNotUsedDirectly>
          <CurrentYear>0</CurrentYear>
          <Year1>0</Year1>
          <Year2>0</Year2>
          <Year3>0</Year3>
          <Total>0</Total>
        </QlfyDistriNotUsedDirectly>
        <QlfyDistriMadeDirectly>
          <CurrentYear>367791</CurrentYear>
          <Year1>1015537</Year1>
          <Year2>1246585</Year2>
          <Year3>1886518</Year3>
          <Total>4516431</Total>
        </QlfyDistriMadeDirectly>
        <TotalAssets>
          <Total>0</Total>
        </TotalAssets>
        <TotalAssetsSect4942j3Bi>
          <Total>0</Total>
        </TotalAssetsSect4942j3Bi>
        <TwoThirdsMinInvstReturn>
          <CurrentYear>153113</CurrentYear>
          <Year1>191023</Year1>
          <Year2>220840</Year2>
          <Year3>229853</Year3>
          <Total>794829</Total>
        </TwoThirdsMinInvstReturn>
        <TotalSupport>
          <Total>0</Total>
        </TotalSupport>
        <PublicSupport>
          <Total>0</Total>
        </PublicSupport>
        <LargestSupportFromEO>
          <Total>0</Total>
        </LargestSupportFromEO>
        <GrossInvestmentIncome>
          <Total>0</Total>
        </GrossInvestmentIncome>
      </PrivateOperatingFoundations>
      <SupplementaryInformation>
        <ContributingManager>RICHARD L WENDT</ContributingManager>
        <AppicationSubmissionInfo>
          <RecipientName>RODERICK C WENDT</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>3250 LAKEPORT BLVD</AddressLine1>
            <City>KLAMATH FALLS</City>
            <State>OR</State>
            <ZIPCode>97601</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>5418823451</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>NO SPECIFIC FORMAT REQUIRED.</FormAndInfoAndMaterials>
          <SubmissionDeadlines>NONE.</SubmissionDeadlines>
          <RestrictionsOnAwards>NONE.</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <TotGrantOrContriPaidDuringYear>0</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <ProgramServiceRevenuePartVII>
          <Description>BOOK &amp; WEBSITE SALES</Description>
          <RelatedOrExemptFunctionIncome>153</RelatedOrExemptFunctionIncome>
        </ProgramServiceRevenuePartVII>
        <ProgramServiceRevenuePartVII>
          <Description>CONSULTING INCOME</Description>
          <RelatedOrExemptFunctionIncome>127900</RelatedOrExemptFunctionIncome>
        </ProgramServiceRevenuePartVII>
        <ProgramServiceRevenuePartVII>
          <Description>COMMISSION INCOME</Description>
          <RelatedOrExemptFunctionIncome>7163</RelatedOrExemptFunctionIncome>
        </ProgramServiceRevenuePartVII>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>2</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>4509</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>-662166</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>-657655</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>135216</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>-522439</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>1A</LineNumber>
          <RelationshipStatement>MISCELLANEOUS SALES OF PUBLICATIONS AND PRODUCT THE PROCEEDS CONTRIBUTING TO THE OPERATING OVERHEAD AND CHARITABLE PURPOSE OF THIS ENTITY.</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>1B</LineNumber>
          <RelationshipStatement>MISCELLANEOUS SPEAKING FEES AND CONSULTING RECEIPTS FROM OTHER ORGANIZATIONS THE PROCEEDS CONTRIBUTING TO THE OPERATING OVERHEAD AND CHARITABLE PURPOSE OF THIS ENTITY</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
        <RlnOfActyToAccomOfExemptPrps>
          <LineNumber>1C</LineNumber>
          <RelationshipStatement>COMMISSION INCOME ON SALES OF THINKING ECONOMICS MATERIALS CONTRIBUTING TO THE OPERATING OVERHEAD AND CHARITABLE PURPOSE OF THIS ORGANIZATION.</RelationshipStatement>
        </RlnOfActyToAccomOfExemptPrps>
      </RlnOfActyToAccomOfExemptPrps>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>0</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFees>
        <Category>ACCOUNTING</Category>
        <Amount>5127</Amount>
        <NetInvestmentIncome>2564</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>14417</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorpStock>
        <NameOfStock>BANK OF AMERICA</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>DR HORTON INC CMN</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>IMS FUND</NameOfStock>
        <EOYBookValue>404</EOYBookValue>
        <EOYFMV>404</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>JELD-WEN HOLDING COMPANY</NameOfStock>
        <EOYBookValue>2649192</EOYBookValue>
        <EOYFMV>2649192</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>KB HOMES INC CMN</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>MERITAGE HOMES INC CMN</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>PULTE HOMES INC. CMN</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>SOUTH VALLEY BANK &amp; TRUST CMN</NameOfStock>
        <EOYBookValue>1031867</EOYBookValue>
        <EOYFMV>1031867</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>TOLL BROS INC.</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFees>
        <Category>PROFESSIONAL FEES - LEGAL</Category>
        <Amount>31528</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>32191</DisbursementsCharitablePrps>
      </LegalFees>
    </LegalFeesSchedule>
    <LoansFromOfficersSchedule documentId="RetDoc2203200001">
      <LoansFromOfficer>
        <LendersName>DEFERRED COMPENSATION - DON PEITERS</LendersName>
        <LendersTitle>PROGRAM DIRECTOR</LendersTitle>
        <BalanceDue>13000</BalanceDue>
        <InterestRate>0.000000000000</InterestRate>
        <SecurityProvidedByBorrower>NONE</SecurityProvidedByBorrower>
        <PurposeOfLoan>INCREASE CASH FLOW</PurposeOfLoan>
        <DescOfLenderConsideration>NONE</DescOfLenderConsideration>
      </LoansFromOfficer>
    </LoansFromOfficersSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssets>
        <Description>DEPOSITS</Description>
        <BOYBookValue>225</BOYBookValue>
        <EOYBookValue>225</EOYBookValue>
        <EOYFMV>225</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>PREPAID INCOME TAXES</Description>
        <BOYBookValue>1616</BOYBookValue>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreases>
        <Description>UNREALIZED GAINS/LOSSES ON INVESTMENTS</Description>
        <Amount>253581</Amount>
      </OtherDecreases>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>ADVERTISING</Description>
        <RevenueAndExpensesPerBooks>85</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>85</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUBSCRIPTIONS</Description>
        <RevenueAndExpensesPerBooks>383</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>383</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TELEPHONE</Description>
        <RevenueAndExpensesPerBooks>568</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>568</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUPPLIES</Description>
        <RevenueAndExpensesPerBooks>1429</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>1429</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BANK CHARGES</Description>
        <RevenueAndExpensesPerBooks>159</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>159</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INSURANCE</Description>
        <RevenueAndExpensesPerBooks>1344</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>800</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TRAINING EXPENSE</Description>
        <RevenueAndExpensesPerBooks>1844</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>1844</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BROKER COMMISSIONS</Description>
        <RevenueAndExpensesPerBooks>4187</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>4187</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>POSTAGE</Description>
        <RevenueAndExpensesPerBooks>0</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>2376</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncome>
        <Description>BOOK &amp; WEBSITE SALES</Description>
        <RevenueAndExpensesPerBooks>153</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>153</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>CONSULTING INCOME</Description>
        <RevenueAndExpensesPerBooks>127900</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>127900</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>COMMISSION INCOME</Description>
        <RevenueAndExpensesPerBooks>7163</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>7163</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreases>
        <Description>ACCRUED TAX DEFERRAL ADJUSTMENT</Description>
        <Amount>5000</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilities>
        <Description>DEFERRED TAXES</Description>
        <BOYBookValue>78000</BOYBookValue>
        <EOYBookValue>73000</EOYBookValue>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>PAYROLL LIABILITIES</Description>
        <BOYBookValue>0</BOYBookValue>
        <EOYBookValue>4740</EOYBookValue>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>INTERCOMPANY ACCOUNT</Description>
        <BOYBookValue>0</BOYBookValue>
        <EOYBookValue>63</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFees>
        <Category>CONTRACT LABOR</Category>
        <Amount>112800</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>131780</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>COMMISSIONS</Category>
        <Amount>56304</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>56304</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>BOOKKEEPING</Category>
        <Amount>0</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>4066</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>CORPORATE FILING FEES</Category>
        <Amount>115</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>140</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>OREGON CT-12 FILING FEE</Category>
        <Amount>601</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>601</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>FEDERAL INCOME TAX</Category>
        <Amount>10914</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>