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<Return xmlns="http://www.irs.gov/efile" returnVersion="2023v5.0">
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    <ReturnTs>2024-05-08T11:57:39-04:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Alan S Livingston CPA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>PO Box 68</AddressLine1Txt>
        <CityNm>Laurinburg</CityNm>
        <StateAbbreviationCd>NC</StateAbbreviationCd>
        <ZIPCd>28353</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>576033789</EIN>
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        <BusinessNameLine1Txt>SCHAFER FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
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      <USAddress>
        <AddressLine1Txt>PO BOX 1328</AddressLine1Txt>
        <CityNm>DILLON</CityNm>
        <StateAbbreviationCd>SC</StateAbbreviationCd>
        <ZIPCd>295361328</ZIPCd>
      </USAddress>
    </Filer>
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      <PersonNm>RYAN H SCHAFER</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>8437747151</PhoneNum>
      <SignatureDt>2024-05-07</SignatureDt>
      <DiscussWithPaidPreparerInd>false</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>RYAN</PersonFirstNm>
        <PersonLastNm>SCHAFER</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Alan S Livingston</PreparerPersonNm>
      <PTIN>P00250712</PTIN>
      <PhoneNum>9102762752</PhoneNum>
      <PreparationDt>2024-05-08</PreparationDt>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp>
        <TrustedCustomerCd>2</TrustedCustomerCd>
        <OOBSecurityVerificationCd>00</OOBSecurityVerificationCd>
        <AuthenticationAssuranceLevelCd>AAL2</AuthenticationAssuranceLevelCd>
        <IdentityAssuranceLevelCd>IAL1</IdentityAssuranceLevelCd>
      </TrustedCustomerGrp>
    </AdditionalFilerInformation>
    <TaxYr>2023</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="5">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1499144</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>43093</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>43093</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>43093</InterestOnSavingsAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>43093</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>43093</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>43093</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="STM108">1450</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesAdjNetIncmAmt>1450</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>1450</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="STM110">74</TaxesRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="STM103">46</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>46</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>1570</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>46</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>1450</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>1450</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>9700</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>9700</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>11270</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>46</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>1450</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>11150</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>31823</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>43047</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>41643</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>586725</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>618548</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>618548</SavAndTempCashInvstEOYFMVAmt>
        <OtherInvestmentsBOYAmt>880000</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="STM118">880000</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>880596</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>1466725</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1498548</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1499144</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>1466725</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>1498548</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1466725</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1498548</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1466725</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1498548</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1466725</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>31823</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>1498548</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>1498548</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>598</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>598</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>598</TaxBasedOnInvestmentIncomeAmt>
        <TaxDueAmt>598</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>SC</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <IndividualWithBooksNm>LULU F HOLLIDAY</IndividualWithBooksNm>
        <PhoneNum>8437747151</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 1328</AddressLine1Txt>
          <CityNm>DILLON</CityNm>
          <StateAbbreviationCd>SC</StateAbbreviationCd>
          <ZIPCd>29536</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <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>RYAN H SCHAFER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1328</AddressLine1Txt>
            <CityNm>DILLON</CityNm>
            <StateAbbreviationCd>SC</StateAbbreviationCd>
            <ZIPCd>29536</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LULU F HOLLIDAY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1328</AddressLine1Txt>
            <CityNm>DILLON</CityNm>
            <StateAbbreviationCd>SC</StateAbbreviationCd>
            <ZIPCd>29536</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>889004</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>592803</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1481807</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1481807</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>22227</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1459580</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>72979</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>72979</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>598</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>598</TotalTaxAmt>
        <DistributableBeforeAdjAmt>72381</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>72381</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>72381</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>11150</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>11150</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>72381</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr4Amt>23740</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>27416</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>49118</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>22462</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>122736</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>11150</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>11150</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>61231</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>61231</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>61505</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>61505</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>39043</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>22462</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SCHEDULE ATTACHED</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>VARIOUS</AddressLine1Txt>
            <CityNm>DILLON</CityNm>
            <StateAbbreviationCd>SC</StateAbbreviationCd>
            <ZIPCd>29536</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>9700</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>9700</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
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      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
        </IntOnSavAndTempCashInvstGrp>
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      <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>
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      <AccountingFeesDetail>
        <CategoryTxt>ALAN S LIVINGSTON CPA</CategoryTxt>
        <Amt>1450</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1450</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1450</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CERTIFICATES OF DEPOSIT</CategoryOrItemTxt>
        <BookValueAmt>880000</BookValueAmt>
        <EOYFMVAmt>880596</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="STM103">
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>46</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>46</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="STM110">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
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        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
