﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-04-24T10:51:32-04:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>741249829</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>ROLOFF HNATEK AND CO LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>101 W GOODWIN AVE SUITE 600</AddressLine1Txt>
        <CityNm>VICTORIA</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>77901</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>456533936</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE WAY AHEAD TRUST</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>WAYA</BusinessNameControlTxt>
      <PhoneNum>3612779344</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 99</AddressLine1Txt>
        <CityNm>WESTHOFF</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>77994</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>TED W AVEN</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <PhoneNum>3612779344</PhoneNum>
      <SignatureDt>2025-04-03</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>MARY ANN MCADAMS</PreparerPersonNm>
      <PTIN>P00627249</PTIN>
      <PhoneNum>3615782915</PhoneNum>
      <PreparationDt>2025-04-24</PreparationDt>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="RetDoc11" referenceDocumentId="RetDoc10">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>2995151</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>29759</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>29759</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>25495</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>6972</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>13471</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>654289</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>13471</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc7">1132213</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>1132213</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>1200938</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>1182415</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>12000</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>9000</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>3000</CompOfcrDirTrstDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc1">6590</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>6590</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc9">94443</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>94443</TaxesNetInvstIncmAmt>
        <DeprecAndDpltnNetInvstIncmAmt>169831</DeprecAndDpltnNetInvstIncmAmt>
        <TravConfMeetingRevAndExpnssAmt>1500</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>1500</TravConfMeetingNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc6">2314</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>2314</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>116847</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>277088</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>9590</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>240200</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>240200</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>357047</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>277088</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>249790</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>843891</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>905327</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>6725</CashBOYAmt>
        <CashEOYAmt>25320</CashEOYAmt>
        <CashEOYFMVAmt>25320</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>168388</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>887821</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>887821</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>2657</PrepaidExpensesBOYAmt>
        <CorporateStockBOYAmt>383207</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc3">467910</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>485382</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>49813</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc2">100150</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>100993</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>726854</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc4">710261</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>707299</OtherInvestmentsEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc5">369716</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc5">369716</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc5">788336</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>1707360</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2561178</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>2995151</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc8">9927</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesEOYAmt>9927</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>1707360</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>2551251</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1707360</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2551251</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1707360</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2561178</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1707360</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>843891</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2551251</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>2551251</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>THROUGH-FIDELITY-SEE ATTACHED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>85000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>85000</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>THROUGH-FIDELITY-SEE ATTACHED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>95000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>94977</CostOrOtherBasisAmt>
          <GainOrLossAmt>23</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>23</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE EXCEL SCHEDULE ATTACHED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>340398</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>295741</CostOrOtherBasisAmt>
          <GainOrLossAmt>44657</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>44657</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEE EXCEL SCHEDULE ATTACHED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>133891</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>165100</CostOrOtherBasisAmt>
          <GainOrLossAmt>-31209</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-31209</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>13471</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>44657</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>12584</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>12584</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>12584</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>2657</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>2657</TotalPaymentsAndCreditsAmt>
        <TaxDueAmt>9927</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>TX</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>TED W AVEN</IndividualWithBooksNm>
        <PhoneNum>3612779344</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 99</AddressLine1Txt>
          <CityNm>WESTHOFF</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>779940099</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</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>TED W AVEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 99</AddressLine1Txt>
            <CityNm>WESTHOFF</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77994</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>4.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>12000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BLANCA HOUGH</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 ROHDE RD</AddressLine1Txt>
            <CityNm>ROUND TOP</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78954</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</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>1267445</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>320365</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>799836</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>2387646</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2387646</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>35815</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2351831</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>117592</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>117592</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>12584</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>12584</TotalTaxAmt>
        <DistributableBeforeAdjAmt>105008</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>105008</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>105008</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>249790</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>249790</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>105008</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>125841</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>197359</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>154300</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>198546</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>178294</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>854340</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>249790</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>105008</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>144782</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>999122</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>125841</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>873281</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>197359</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>154300</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>198546</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>178294</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>144782</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>TED AVEN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 99</AddressLine1Txt>
            <CityNm>WESTHOFF</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77994</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>3612779344</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>LETTER CONTAINING INFORMATION ON APPLICANT</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>RELIGIOUS, CHARITABLE &amp; EDUCATIONAL PURPOSES</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PALMER HOME FOR CHILDREN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>800 BALDWIN RD SOUTH</AddressLine1Txt>
            <CityNm>LAKE CORMORANT</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>38641</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SUPPORT ORPHANED CHILDREN</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PRESBYTERIAN EVAN FELLOWSHIP</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 847</AddressLine1Txt>
            <CityNm>BRISTOL</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37621</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>MISSIONARY SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COVENANT COLLEGE FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>14049 SCENIC HIGHWAY</AddressLine1Txt>
            <CityNm>LOOKOUT MOUNTAIN</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30750</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP TO COVENANT COLLEGE</GrantOrContributionPurposeTxt>
          <Amt>125000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>REFORMED UNIVERSITY FELLOWSHIP</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>DONOR PROCESSING</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 890004</AddressLine1Txt>
            <CityNm>CHARLOTTE</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>282890004</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>COLLEGE MINISTRY SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SALVATION ARMY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 820</AddressLine1Txt>
            <CityNm>POTEET</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>780650820</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>HOMELESS AND EMERGENCY SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LIGONIER MINISTRIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>451 LIGONIER COURT</AddressLine1Txt>
            <CityNm>SANFORD</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32771</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PROMOTE CHRISTIAN MINISTRY</GrantOrContributionPurposeTxt>
          <Amt>35000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOCIEDAD LUCAS</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>DECATUR PRESB CHURCH</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2306 MODAUS RD SW</AddressLine1Txt>
            <CityNm>DECATUR</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35603</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>PROVIDE HEALTH CARE SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10200</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>240200</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>29759</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>25495</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>13471</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OIL &amp; GAS ROYALTY INCOME</Desc>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>1132206</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OTHER OIL &amp; GAS INCOME</Desc>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>7</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>1200938</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1200938</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>1A</LineNumberTxt>
          <RelationshipStatementTxt>PRIMARY MEANS BY WHICH THE FOUNDATION ACCOMPLISHES ITS RELIGIOUS AND CHARITABLE PURPOSES</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</CategoryTxt>
        <Amt>6590</Amt>
        <DisbursementsCharitablePrpsAmt>6590</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE BONDS</BondNm>
        <EOYBookValueAmt>100150</EOYBookValueAmt>
        <EOYFMVAmt>100993</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <StockNm>CORPORATE STOCKS</StockNm>
        <EOYBookValueAmt>467910</EOYBookValueAmt>
        <EOYFMVAmt>485382</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc4">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SILVER COINS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>11500</BookValueAmt>
        <EOYFMVAmt>11500</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>EXCHANGE TRADED FUNDS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>29264</BookValueAmt>
        <EOYFMVAmt>28052</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MUNICIPAL BONDS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>669497</BookValueAmt>
        <EOYFMVAmt>667747</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CERTIFICATES OF DEPOSIT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="RetDoc5">
      <OtherAssetsScheduleGrp>
        <Desc>LAND 56.71 ACRES</Desc>
        <BOYBookValueAmt>369716</BOYBookValueAmt>
        <EOYBookValueAmt>369716</EOYBookValueAmt>
        <EOYFMVAmt>369716</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>MINERAL INTEREST</Desc>
        <EOYFMVAmt>418620</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc6">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>2256</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2256</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>58</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>58</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc7">
      <OtherIncomeDetail>
        <Desc>OIL &amp; GAS ROYALTY INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>1132206</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1132206</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER OIL &amp; GAS INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>7</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc8">
      <OtherLiabilitiesDetail>
        <Desc>EXCISE TAX PAYABLE</Desc>
        <EOYBookValueAmt>9927</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="RetDoc9">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>12584</Amt>
        <NetInvestmentIncomeAmt>12584</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>165</Amt>
        <NetInvestmentIncomeAmt>165</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PRODUCTION TAXES</CategoryTxt>
        <Amt>50579</Amt>
        <NetInvestmentIncomeAmt>50579</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PROPERTY TAXES</CategoryTxt>
        <Amt>31115</Amt>
        <NetInvestmentIncomeAmt>31115</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>