<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2022v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-05-08T18:34:03-04:00</ReturnTs>
    <TaxPeriodEndDt>2023-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>640683684</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>ORSBORN SUTPHEN &amp; O'NEAL PA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>PO BOX 515</AddressLine1Txt>
        <CityNm>GREENWOOD</CityNm>
        <StateAbbreviationCd>MS</StateAbbreviationCd>
        <ZIPCd>389350515</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2022-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>311644348</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>FRANK K SPAIN FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>FRAN</BusinessNameControlTxt>
      <PhoneNum>6624015326</PhoneNum>
      <USAddress>
        <AddressLine1Txt>P O BOX 3477</AddressLine1Txt>
        <CityNm>TUPELO</CityNm>
        <StateAbbreviationCd>MS</StateAbbreviationCd>
        <ZIPCd>38803</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JANE DEE SPAIN</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <SignatureDt>2024-05-08</SignatureDt>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>JANE D</PersonFirstNm>
        <PersonLastNm>SPAIN</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>F MARSHALL SUTPHEN SR</PreparerPersonNm>
      <PTIN>P00293343</PTIN>
      <PhoneNum>6624534175</PhoneNum>
      <PreparationDt>2024-05-08</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2022</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="11">
    <IRS990PF documentId="RetDoc13">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>6898037</FMVAssetsEOYAmt>
      <MethodOfAccountingOtherInd methodOfAccountingOtherDesc="MODIFIED CASH">X</MethodOfAccountingOtherInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>32534</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>32534</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>102269</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>102269</DividendsNetInvstIncmAmt>
        <GrossRentsRevAndExpnssAmt>2750</GrossRentsRevAndExpnssAmt>
        <GrossRentsNetInvstIncmAmt>2750</GrossRentsNetInvstIncmAmt>
        <NetRentalIncomeOrLossAmt>2750</NetRentalIncomeOrLossAmt>
        <NetGainSaleAstRevAndExpnssAmt>50324</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>50324</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>50324</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>187877</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>187877</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>15000</CompOfcrDirTrstRevAndExpnssAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc7">950</LegalFeesRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">3750</AccountingFeesRevAndExpnssAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc10">23902</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>23902</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc11">52</TaxesRevAndExpnssAmt>
        <OccupancyRevAndExpnssAmt>22861</OccupancyRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc9">74111</OtherExpensesRevAndExpnssAmt>
        <TotOprExpensesRevAndExpnssAmt>140626</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>23902</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>351500</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>351500</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>492126</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>23902</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>351500</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-304249</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>163975</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>13360</CashBOYAmt>
        <CashEOYAmt>7397</CashEOYAmt>
        <CashEOYFMVAmt>7397</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>2543688</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>1407197</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>1407197</SavAndTempCashInvstEOYFMVAmt>
        <OtherInvestmentsBOYAmt>3133433</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc5">3133431</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>2483443</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>5240468</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>1448748</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>3008230</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="RetDoc6">3791720</LandEOYAmt>
        <LandEOYFMVAmt>3000000</LandEOYFMVAmt>
        <TotalAssetsBOYAmt>8698711</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>8339745</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>6898037</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>8698711</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>8339745</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>8698711</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>8339745</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>8698711</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>8339745</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>8698711</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-304249</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>8394462</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc8">54717</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>8339745</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapitalGainNetIncomeAmt>50324</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>2279</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>2279</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>2279</TaxBasedOnInvestmentIncomeAmt>
        <ExtsnRequestIncomeTaxPaidAmt>2000</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>2000</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1">X</Form2220AttachedInd>
        <EsPenaltyAmt>106</EsPenaltyAmt>
        <TaxDueAmt>385</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>MS</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd referenceDocumentId="RetDoc4">false</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>KRISTIN BUSE</IndividualWithBooksNm>
        <PhoneNum>6624015326</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>88 SHADY ACRES</AddressLine1Txt>
          <CityNm>TUPELO</CityNm>
          <StateAbbreviationCd>MS</StateAbbreviationCd>
          <ZIPCd>38804</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>KRISTIN BUSE</PersonNm>
          <USAddress>
            <AddressLine1Txt>88 SHADY ACRES</AddressLine1Txt>
            <CityNm>TUPELO</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38804</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PHIL SULLIVAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1239 WINWOOD COVE</AddressLine1Txt>
            <CityNm>TUPELO</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38801</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MATTHEW M DEE</PersonNm>
          <USAddress>
            <AddressLine1Txt>P O BOX 1149</AddressLine1Txt>
            <CityNm>HOBE SOUND</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>334751149</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JANE DEE SPAIN</PersonNm>
          <USAddress>
            <AddressLine1Txt>P O BOX 3477</AddressLine1Txt>
            <CityNm>TUPELO</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38803</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JENNIFER DENNINGTON</PersonNm>
          <USAddress>
            <AddressLine1Txt>554 ROAD 870</AddressLine1Txt>
            <CityNm>PLANTERSVILLE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38862</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JILL LINGARD</PersonNm>
          <USAddress>
            <AddressLine1Txt>101 SEDGEBROOK DRIVE</AddressLine1Txt>
            <CityNm>RIVERVIEW</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33569</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>2504696</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1985821</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>3000000</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>7490517</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>7490517</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>112358</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>7378159</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>368908</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>368908</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>2279</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>2279</TotalTaxAmt>
        <DistributableBeforeAdjAmt>366629</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>366629</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>366629</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>351500</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>351500</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>366629</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>347893</UndistributedIncomePYAmt>
        <ExcessDistributionCyovYr1Amt>1835</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>1835</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>351500</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>347893</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>3607</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>1835</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>1835</ExcessDistributionCyovAppCYAmt>
        <UndistributedIncomeCYAmt>361187</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>JANE D SPAIN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3477</AddressLine1Txt>
            <CityNm>TUPELO</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38803</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>6624015326</RecipientPhoneNum>
          <RecipientEmailAddressTxt>JANES@GATE.NET</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>NAME OF GRANT PROGRAM: SCHOOL VOCATIONAL &amp; APPRENTICESHIP PROGRAM NAME: JANE D SPAIN CARE OF: FRANK K SPAIN FOUNDATION STREET ADDRESS: PO BOX 3477 CITY, STATE, ZIP TUPELO, MS 38803 TELEPHONE: 662 401 5326 EMAIL ADDRESS: JANES@GATE.NET FORM AND CONTENT: IS IN PROCESS OF BEING DEVELOPED, AND IS CURRENTLY DONE BY LETTER TO FOUNDATION DESCRIBING PROGRAM AND ITS APPLICABILITY TO FOUNDATION'S MISSION SUBMISSION DEADLINES ON A CASE BY CASE BASIS RESTRICTIONS ON AWARDS: MUST BE A 501(C)(3) ORGANIZATION OR SCHOOL (SECONDARY OF COMMUNITY COLLEGE.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>SEE STATEMENT ABOVE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>SEE STATEMENT ABOVE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MSU FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>479-2 HARDY ROAD</AddressLine1Txt>
            <AddressLine2Txt>250 MCCAIN HALL</AddressLine2Txt>
            <CityNm>MISSISSIPPI STATE</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>39762</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>CLASSES FOR CAREER READINESS</GrantOrContributionPurposeTxt>
          <Amt>90000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>REGIONAL REHAB CENTER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>613 PEGRAM DR</AddressLine1Txt>
            <CityNm>TUPELO</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38801</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>DYSLEXIA PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WEST JUPITER COMMUNITY CENTER GROUP</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>7187 CHURCH ST</AddressLine1Txt>
            <CityNm>JUPITER</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33458</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>EDNA RUNNER TUTORIAL CENTER</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HARDIN COUNTY SCH DISTRICT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1170 PICKWICK ST SOUTH</AddressLine1Txt>
            <CityNm>SAVANNAH</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38372</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>WAPP PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>19000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HARDIN COUNT SCH DISTRICT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1170 PICKWICK ST SOUTH</AddressLine1Txt>
            <CityNm>SAVANNAH</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38372</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>TUTORIAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WINNING FUTURES CO KRIS MARSHALL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>27500 COSGROVE DR</AddressLine1Txt>
            <CityNm>WARREN</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48092</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>CAREER READINESS CLASSES</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BANNER LAKE EARLY LEARNING CENTER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>12212 SE LANTANA AVE</AddressLine1Txt>
            <CityNm>HOBE SOUND</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33455</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>TUTORIAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SHELDON MO HIGH SCHOOL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>100 E GENE LATHROP DR</AddressLine1Txt>
            <CityNm>SHELDON</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>64784</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>KATIE MEYERS LIFE SKILL PROGRAMS</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>351500</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>32534</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>102269</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>2750</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>50324</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>187877</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>187877</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>INDIRECT ACCOUNTING FEES</CategoryTxt>
        <Amt>3750</Amt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc3">
      <DepreciationPropertyGrp>
        <PropertyDesc>LAND</PropertyDesc>
        <AcquiredDt>2001-01-05</AcquiredDt>
        <CostOrOtherBasisAmt>1024507</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLDG COSTS IN PROC 6/02</PropertyDesc>
        <AcquiredDt>2002-06-30</AcquiredDt>
        <CostOrOtherBasisAmt>2532580</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1139123</PriorYearDepreciationAmt>
        <LifeRt>39.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLDG COSTS IN PROC. 6/01</PropertyDesc>
        <AcquiredDt>2001-06-30</AcquiredDt>
        <CostOrOtherBasisAmt>289983</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>130429</PriorYearDepreciationAmt>
        <LifeRt>39.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLDG COSTS IN PROC 6/03</PropertyDesc>
        <AcquiredDt>2002-12-06</AcquiredDt>
        <CostOrOtherBasisAmt>215615</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>96975</PriorYearDepreciationAmt>
        <LifeRt>39.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITALIZED INTEREST</PropertyDesc>
        <AcquiredDt>2002-12-06</AcquiredDt>
        <CostOrOtherBasisAmt>110013</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>49487</PriorYearDepreciationAmt>
        <LifeRt>39.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITALIZED FEES</PropertyDesc>
        <AcquiredDt>2002-12-06</AcquiredDt>
        <CostOrOtherBasisAmt>72640</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>32664</PriorYearDepreciationAmt>
        <LifeRt>39.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>LAND-ADJ TO ORIGINAL DEED</PropertyDesc>
        <AcquiredDt>2002-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>145493</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PURCHASE TUPELO BLDG</PropertyDesc>
        <AcquiredDt>2019-11-01</AcquiredDt>
        <CostOrOtherBasisAmt>500</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>NEW ROOF MUSEUM BLDG</PropertyDesc>
        <AcquiredDt>2020-06-12</AcquiredDt>
        <CostOrOtherBasisAmt>65647</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>70</PriorYearDepreciationAmt>
        <LifeRt>39.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>NEW ROOF</PropertyDesc>
        <AcquiredDt>2022-11-15</AcquiredDt>
        <CostOrOtherBasisAmt>783490</CostOrOtherBasisAmt>
        <LifeRt>39.0000</LifeRt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <ExplnOfNonFilingWithAGStmt documentId="RetDoc4">
      <ExplanationTxt>990PF IS FILED WITH MS SEC OF STATE</ExplanationTxt>
    </ExplnOfNonFilingWithAGStmt>
    <InvestmentsOtherSchedule2 documentId="RetDoc5">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMERIPRISE MUTUAL FUNDS &amp; ETF PORTFO</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>501833</BookValueAmt>
        <EOYFMVAmt>457491</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMERIPRISE MUTUAL FUNDS 7855 PORTFO</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2631598</BookValueAmt>
        <EOYFMVAmt>2025952</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc6">
      <LandEtcGrp>
        <CategoryOrItemTxt>BUILDINGS ETC</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>4069968</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1448748</AccumulatedDepreciationAmt>
        <BookValueAmt>2621220</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>LAND</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1170500</CostOrOtherBasisAmt>
        <BookValueAmt>1170500</BookValueAmt>
        <EOYFMVAmt>3000000</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc7">
      <LegalFeesGrp>
        <CategoryTxt>INDIRECT LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>950</LegalFeesAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="RetDoc8">
      <OtherDecreasesDetail>
        <Desc>FEDERAL EXCISE TAX</Desc>
        <Amt>2018</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSSES XFER TO REALIZED</Desc>
        <Amt>52699</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc9">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>63</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CENERAL SUPPLIES &amp; CLEANING</Desc>
        <RevenueAndExpensesPerBooksAmt>533</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>3527</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>RENTAL EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>69726</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SEC OF STATE FEE</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>262</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc10">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT FEES</CategoryTxt>
        <Amt>23902</Amt>
        <NetInvestmentIncomeAmt>23902</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc11">
      <TaxesDetail>
        <CategoryTxt>SEC OF STATE</CategoryTxt>
        <Amt>52</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
