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          <FormAndInfoAndMaterialsTxt>GENERAL INFORMATION ABOUT THE APPLICANT, OTHER SCHOLARSHIPS AND AMOUNT, FINANCIAL STATEMENT, CURRENT RECOMMENDATION, ACT AND SAT SCORES.</FormAndInfoAndMaterialsTxt>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
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            <ZIPCd>72032</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1260</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SHYE FISCHER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1201 PINE TREE LN</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1080</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SYDNEE HOLCER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>203 RUSSELL LN</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1980</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TYLER SORTERS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>382 DEER PATH LN</AddressLine1Txt>
            <CityNm>SALESVILLE</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>720</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WILLIAM MARTIN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2369 CR 213</AddressLine1Txt>
            <CityNm>CALICO ROCK</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72519</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>900</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>EMMA MASSEY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>15464 HWY 5 S</AddressLine1Txt>
            <CityNm>NORFORK</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72658</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>540</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KILEY ALMAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>450 PINE ST</AddressLine1Txt>
            <CityNm>SALESVILLE</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>900</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JANOAH DOUGLAS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2635 SHEID ROAD</AddressLine1Txt>
            <CityNm>NORFORK</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72658</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>720</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GAVIN BECK</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>272 RIDGEWOOD DR</AddressLine1Txt>
            <CityNm>LAKEVIEW</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72642</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1260</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KASADY GRAY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1222 HAVNER ROAD</AddressLine1Txt>
            <CityNm>NORFORK</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72658</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1080</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MATTY DILLARY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>14 SILVER RUN LANE</AddressLine1Txt>
            <CityNm>YELLVILLE</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72687</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2160</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TAYLOR BERRY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>48 OREGON TRL</AddressLine1Txt>
            <CityNm>MOUNTAIN HOME</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1620</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DELANEY FAULKNER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1634 HAVNER ROAD</AddressLine1Txt>
            <CityNm>NORFORK</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72658</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>900</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LAUREN STOKES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>175 BOGGS DR</AddressLine1Txt>
            <CityNm>SALESVILLE</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72653</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1080</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WILLIAM BRANSCUM</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3291 JORDAN LANDING RD</AddressLine1Txt>
            <CityNm>CALICO ROCK</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72519</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>900</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>35640</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1314</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>26036</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>19786</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>27350</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>19786</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>47136</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>GAIN/LOSS ON SALE OF INVESTMENTS HELD FOR SCHOLARSHIP FUND</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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="RetDoc1">
      <AccountingFeesDetail>
        <CategoryTxt>INDIRECT ACCOUNTING FEES</CategoryTxt>
        <Amt>950</Amt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc2">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FARMERS &amp; MERCHANTS LONG TERM</AssetDesc>
        <AcquiredDt>2019-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2023-02</SoldDt>
        <GrossSalesPriceAmt>102483</GrossSalesPriceAmt>
        <BasisAmt>83026</BasisAmt>
        <TotalNetAmt>19457</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FARMERS &amp; MERCHANTS SHORT TERM</AssetDesc>
        <AcquiredDt>2023-03</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2023-07</SoldDt>
        <GrossSalesPriceAmt>8995</GrossSalesPriceAmt>
        <BasisAmt>10348</BasisAmt>
        <TotalNetAmt>-1353</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <StockNm>CORPORATE STOCKS</StockNm>
        <EOYBookValueAmt>276832</EOYBookValueAmt>
        <EOYFMVAmt>328783</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc4">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MUTUAL FUNDS</CategoryOrItemTxt>
        <BookValueAmt>462820</BookValueAmt>
        <EOYFMVAmt>448974</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc5">
      <OtherIncreasesDetail>
        <Desc>REFUND OF PRIOR YEAR SCHOLARSHIP</Desc>
        <Amt>210</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc6">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>FIDUCIARY FEES</CategoryTxt>
        <Amt>13386</Amt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc7">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>62</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAX</CategoryTxt>
        <Amt>193</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>