<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-06-29T01:23:04-04:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>932398387</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>PRINCIPLE ACCOUNTING LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>40 W LITTLETON BLVD STE 210-63</AddressLine1Txt>
        <CityNm>LITTLETON</CityNm>
        <StateAbbreviationCd>CO</StateAbbreviationCd>
        <ZIPCd>80120</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>841398903</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>MORRIS AND HELEN SILVER FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>MORR</BusinessNameControlTxt>
      <PhoneNum>4062406353</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 3297</AddressLine1Txt>
        <CityNm>MISSOULA</CityNm>
        <StateAbbreviationCd>MT</StateAbbreviationCd>
        <ZIPCd>59806</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>CAROLYN MAIER</PersonNm>
      <PersonTitleTxt>VICE PRESIDENT</PersonTitleTxt>
      <PhoneNum>4062406353</PhoneNum>
      <SignatureDt>2024-06-26</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>CAROLYN</PersonFirstNm>
        <PersonLastNm>MAIER</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>VINCENT JARAMILLO CPA</PreparerPersonNm>
      <PTIN>P00642105</PTIN>
      <PhoneNum>3034184804</PhoneNum>
      <PreparationDt>2024-06-26</PreparationDt>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="12">
    <IRS990PF documentId="RetDoc12">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>4759379</FMVAssetsEOYAmt>
      <MethodOfAccountingOtherInd methodOfAccountingOtherDesc="MODIFIED CASH">X</MethodOfAccountingOtherInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>31642</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>31642</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>80456</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>80456</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>590540</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>3695509</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>590540</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc9">632</OtherIncomeRevAndExpnssAmt>
        <TotalRevAndExpnssAmt>703270</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>702638</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>115000</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>5750</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>93535</CompOfcrDirTrstDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>23798</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>1190</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>22608</PensionEmplBnftDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">4094</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1638</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>2456</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc10">22284</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>16534</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>5750</OtherProfFeesDsbrsChrtblAmt>
        <InterestRevAndExpnssAmt>23626</InterestRevAndExpnssAmt>
        <InterestDsbrsChrtblAmt>23626</InterestDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc11">4650</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>957</TaxesNetInvstIncmAmt>
        <OccupancyRevAndExpnssAmt>10877</OccupancyRevAndExpnssAmt>
        <OccupancyDsbrsChrtblAmt>10877</OccupancyDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc8">29325</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>28875</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>233654</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>26069</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>187727</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>6564</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>6564</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>240218</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>26069</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>194291</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>463052</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>676569</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>21490</CashBOYAmt>
        <CashEOYAmt>9377</CashEOYAmt>
        <CashEOYFMVAmt>9377</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>51041</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>249480</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>249480</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>1189323</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc4">1215303</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1215303</CorporateStockEOYFMVAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc3">689438</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>689438</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>2226523</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc5">1045781</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>1045781</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>1550000</LandBldgEquipCostOrOtherBssAmt>
        <LandEOYAmt referenceDocumentId="RetDoc6">1550000</LandEOYAmt>
        <LandEOYFMVAmt>1550000</LandEOYFMVAmt>
        <TotalAssetsBOYAmt>3488377</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>4759379</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>4759379</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>3048</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>2957</AccountsPayableEOYAmt>
        <MortgagesAndNotesPayableEOYAmt referenceDocumentId="RetDoc1">963531</MortgagesAndNotesPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>3048</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>966488</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>3485329</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>3792891</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>3485329</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>3792891</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>3488377</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>4759379</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>3485329</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>463052</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>3948381</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc7">155490</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>3792891</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHARLES SCHWAB</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>3692463</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3104969</CostOrOtherBasisAmt>
          <GainOrLossAmt>587494</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>587494</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>590540</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>9404</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>9404</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>9404</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>2240</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>7164</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>9404</TotalPaymentsAndCreditsAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>false</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>MT</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>THESILVERFOUNDATION.ORG</WebsiteAddressTxt>
        <IndividualWithBooksNm>CAROLYN MAIER</IndividualWithBooksNm>
        <PhoneNum>4062406353</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 3297</AddressLine1Txt>
          <CityNm>MISSOULA</CityNm>
          <StateAbbreviationCd>MT</StateAbbreviationCd>
          <ZIPCd>59806</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>true</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <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>CAROLYN MAIER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 3297</AddressLine1Txt>
            <CityNm>MISSOULA</CityNm>
            <StateAbbreviationCd>MT</StateAbbreviationCd>
            <ZIPCd>59806</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>115000</CompensationAmt>
          <EmployeeBenefitProgramAmt>15000</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEPHEN SMITH</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 3297</AddressLine1Txt>
            <CityNm>MISSOULA</CityNm>
            <StateAbbreviationCd>MT</StateAbbreviationCd>
            <ZIPCd>59806</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>FRANCES MCKAY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 3297</AddressLine1Txt>
            <CityNm>MISSOULA</CityNm>
            <StateAbbreviationCd>MT</StateAbbreviationCd>
            <ZIPCd>59806</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY/TR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>EQUINE THERAPY PROGRAM-WORKING WITH TRAUMA AND SECONDARY TRAUMA SURVIVORS.</Description1Txt>
        <Expenses1Amt>8744</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>18208</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>3380582</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3398790</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>3398790</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>50982</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>3347808</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>167390</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>167390</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>9404</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>9404</TotalTaxAmt>
        <DistributableBeforeAdjAmt>157986</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>157986</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>157986</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>194291</ExpensesAndContributionsAmt>
        <CharitableAssetsAcquisPaidAmt>1550000</CharitableAssetsAcquisPaidAmt>
        <QualifyingDistributionsAmt>1744291</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>157986</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr4Amt>62237</ExcessDistributionCyovYr4Amt>
        <TotalExcessDistributionCyovAmt>62237</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1744291</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>157986</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>1586305</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>1648542</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>1648542</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>62237</ExcessFromYear4Amt>
        <ExcessFromCurrentYearAmt>1586305</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>CAROLYN MAIER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3297</AddressLine1Txt>
            <CityNm>MISSOULA</CityNm>
            <StateAbbreviationCd>MT</StateAbbreviationCd>
            <ZIPCd>59806</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>4062406353</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>REQUEST APPLICATION FORM AND INSTRUCTIONS FROM PERSON LISTED IN ITEM A</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>MONTANA INDIVIDUALS OR NON FOR PROFIT AGENCIES ONLY</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GRIZZLY RODEO ASSOCIATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 16144</AddressLine1Txt>
            <CityNm>MISSOULA</CityNm>
            <StateAbbreviationCd>MT</StateAbbreviationCd>
            <ZIPCd>59808</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING EXPENSES</GrantOrContributionPurposeTxt>
          <Amt>150</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HGRM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 6883</AddressLine1Txt>
            <CityNm>BEND</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97708</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>GENERAL OPERATIONS</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>VERA MCCURLEY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>MISSOULA MANOR HOMES</AddressLine1Txt>
            <AddressLine2Txt>909 W CENTRAL</AddressLine2Txt>
            <CityNm>MISSOULA</CityNm>
            <StateAbbreviationCd>MT</StateAbbreviationCd>
            <ZIPCd>59801</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>HOUSING FOR ELDERLY</GrantOrContributionPurposeTxt>
          <Amt>3414</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CRYSTAL PEAKS YOUTH RANCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>19344 INNES MARKET RD</AddressLine1Txt>
            <CityNm>BEND</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97703</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TAMARACK GRIEF</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>UNIVERSITY OF MONTANA</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 16144</AddressLine1Txt>
            <CityNm>MISSOULA</CityNm>
            <StateAbbreviationCd>MT</StateAbbreviationCd>
            <ZIPCd>59808</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>DONATION</GrantOrContributionPurposeTxt>
          <Amt>1500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>6564</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>31642</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>80456</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>590540</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>CRESTWOOD EQUITY PARTNERS U</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>632</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>703270</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>703270</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>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>4094</Amt>
        <NetInvestmentIncomeAmt>1638</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2456</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc3">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE BONDS</BondNm>
        <EOYBookValueAmt>689438</EOYBookValueAmt>
        <EOYFMVAmt>689438</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITIES-TD AMERITRADE</StockNm>
        <EOYBookValueAmt>1215303</EOYBookValueAmt>
        <EOYFMVAmt>1215303</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc5">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>EXCHANGE TRADED FUNDS-TD AMERITRADE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>465455</BookValueAmt>
        <EOYFMVAmt>465455</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FIXED INCOME-TD AMERITRAD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>580326</BookValueAmt>
        <EOYFMVAmt>580326</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MUTUAL FUNDS-TD AMERITRADE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CRESTWOOD EQUITY PARTNERS K-1</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc6">
      <LandEtcGrp>
        <CategoryOrItemTxt>BRIDLE TRAIL</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1550000</CostOrOtherBasisAmt>
        <BookValueAmt>1550000</BookValueAmt>
        <EOYFMVAmt>1550000</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <MortgagesAndNotesPayableSch documentId="RetDoc1">
      <NotePayableGrp>
        <LenderNameGrp>
          <PersonNm>STOCKMAN BANK LOAN</PersonNm>
        </LenderNameGrp>
        <LoanOriginalAmt>975000</LoanOriginalAmt>
        <BalanceDueAmt>963531</BalanceDueAmt>
        <NoteDt>2023-07</NoteDt>
        <LoanMaturityDt>2024-01</LoanMaturityDt>
        <InterestRt>0.0635</InterestRt>
        <SecurityProvidedBorrowerTxt>LAND</SecurityProvidedBorrowerTxt>
        <LoanPurposeTxt>MORTGAGE</LoanPurposeTxt>
      </NotePayableGrp>
    </MortgagesAndNotesPayableSch>
    <OtherDecreasesSchedule documentId="RetDoc7">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSS ON INVESTMENTS</Desc>
        <Amt>155490</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>AUTO EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>2400</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2400</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DIRECT CHARITABLE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>18822</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>18822</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LICENSE AND PERMITS</Desc>
        <RevenueAndExpensesPerBooksAmt>20</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>20</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>2153</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2153</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE AND DELIVERY</Desc>
        <RevenueAndExpensesPerBooksAmt>450</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE/INTERNET</Desc>
        <RevenueAndExpensesPerBooksAmt>2262</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2262</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EQUIPMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>1717</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1717</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK SERVICE FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>906</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>906</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BRIDLE TRAIL EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>595</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>595</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc9">
      <OtherIncomeDetail>
        <Desc>CRESTWOOD EQUITY PARTNERS UBI</Desc>
        <RevenueAndExpensesPerBooksAmt>632</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc10">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT FEES</CategoryTxt>
        <Amt>16534</Amt>
        <NetInvestmentIncomeAmt>16534</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING</CategoryTxt>
        <Amt>5750</Amt>
        <DisbursementsCharitablePrpsAmt>5750</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc11">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX PAID</CategoryTxt>
        <Amt>957</Amt>
        <NetInvestmentIncomeAmt>957</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>3693</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
