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        <Description1Txt>GRANTING SCHOLARSHIPS TO COLLEGE BOUND STUDENTS IS THE SOLE FUNCTION OF THIS TRUST. FUNDS ARE PAID DIRECTLY TO THE COLLEGE OR UNIVERSITY OF THE ATTENDING STUDENTS.</Description1Txt>
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            <StateAbbreviationCd>IA</StateAbbreviationCd>
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            <StateAbbreviationCd>IA</StateAbbreviationCd>
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            <StateAbbreviationCd>IA</StateAbbreviationCd>
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            <StateAbbreviationCd>IA</StateAbbreviationCd>
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          <GrantOrContributionPurposeTxt>SCHOLARSHIPS</GrantOrContributionPurposeTxt>
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            <StateAbbreviationCd>MN</StateAbbreviationCd>
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            <AddressLine1Txt>700 COLLEGE DR</AddressLine1Txt>
            <CityNm>DECORAH</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52101</ZIPCd>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIV OF VERMONT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>590 MAIN ST</AddressLine1Txt>
            <CityNm>BURLINGTON</CityNm>
            <StateAbbreviationCd>VT</StateAbbreviationCd>
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            <AddressLine1Txt>610 W4TH ST</AddressLine1Txt>
            <CityNm>STORM LAKE</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
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        </GrantOrContributionPdDurYrGrp>
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          <RecipientPersonNm>GEORGE WASHINGTON UN</RecipientPersonNm>
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            <AddressLine1Txt>2121 I ST NW</AddressLine1Txt>
            <CityNm>WASHINGTON DC</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20052</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIV OF MISSOURI VET COLLEGE</RecipientPersonNm>
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            <StateAbbreviationCd>MO</StateAbbreviationCd>
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          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LAWRENCE UNIVERSITY</RecipientPersonNm>
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            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>54911</ZIPCd>
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          <Amt>1000</Amt>
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        <OtherInvestmentIncomeGrp>
          <BusinessCd>900001</BusinessCd>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>134119</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <BusinessCd>900001</BusinessCd>
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          <RelatedOrExemptFunctionIncmAmt>178382</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>178382</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
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        <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>
    <InvestmentsCorpBondsSchedule documentId="RetDoc1">
      <InvestmentsCorporateBondsGrp>
        <BondNm>PULICALLY TRADED BONDS</BondNm>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2">
      <InvestmentsCorporateStockGrp>
        <StockNm>PUBLICALLY TRADED SECURITIES</StockNm>
        <EOYBookValueAmt>759585</EOYBookValueAmt>
        <EOYFMVAmt>1433437</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc3">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <RevenueAndExpensesPerBooksAmt>3407</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1307</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2100</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc4">
      <TaxesDetail>
        <Amt>22897</Amt>
        <NetInvestmentIncomeAmt>22897</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
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</Return>