﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v6.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-01-27T09:41:00-05:00</ReturnTs>
    <TaxPeriodEndDt>2024-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>411806729</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>LICARI LARSEN AND COMPANY</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>130 W SUPERIOR ST STE 712</AddressLine1Txt>
        <CityNm>DULUTH</CityNm>
        <StateAbbreviationCd>MN</StateAbbreviationCd>
        <ZIPCd>55802</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>416242226</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>EDDY FOUNDATION CHAR TRUST U W</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>C/O NORTH SHORE BANK OF COMMERCE</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>EDDY</BusinessNameControlTxt>
      <PhoneNum>2187224784</PhoneNum>
      <USAddress>
        <AddressLine1Txt>131 W SUPERIOR STREET</AddressLine1Txt>
        <CityNm>DULUTH</CityNm>
        <StateAbbreviationCd>MN</StateAbbreviationCd>
        <ZIPCd>55802</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>NORTH SHORE BANK OF COMMERCE</PersonNm>
      <PersonTitleTxt>CO-TRUSTEE</PersonTitleTxt>
      <PhoneNum>8887304933</PhoneNum>
      <SignatureDt>2025-01-16</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>NICHOLAS S LICARI CPA</PreparerPersonNm>
      <PTIN>P01736177</PTIN>
      <PhoneNum>2187222226</PhoneNum>
      <PreparationDt>2025-01-17</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="RetDoc8">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3422644</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>19746</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>19746</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>19746</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>69984</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>69984</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>69984</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="RetDoc3">100311</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>644934</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>21331</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>190041</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>111061</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>89730</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>8119</CompOfcrDirTrstRevAndExpnssAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc5">1031</LegalFeesRevAndExpnssAmt>
        <LegalFeesDsbrsChrtblAmt>1031</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">1050</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>1050</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc6">35712</OtherProfFeesRevAndExpnssAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc7">3168</TaxesRevAndExpnssAmt>
        <TravConfMeetingRevAndExpnssAmt>1716</TravConfMeetingRevAndExpnssAmt>
        <TotOprExpensesRevAndExpnssAmt>50796</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>2081</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>278040</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>278040</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>328836</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>280121</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-138795</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>111061</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>89730</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>269644</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>204451</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>204451</SavAndTempCashInvstEOYFMVAmt>
        <OtherInvestmentsBOYAmt>3170036</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc4">3096434</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>3218193</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>3439680</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>3300885</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3422644</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>3439680</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>3300885</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>3439680</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>3300885</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>3439680</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>3300885</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>3439680</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-138795</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>3300885</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>3300885</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapitalGainNetIncomeAmt>21331</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1544</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>1544</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1544</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>1876</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>1876</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1">X</Form2220AttachedInd>
        <EsPenaltyAmt>5</EsPenaltyAmt>
        <OverpaymentAmt>327</OverpaymentAmt>
        <AppliedToESTaxAmt>327</AppliedToESTaxAmt>
      </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>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>NORTH SHORE BANK OF COMMERCE</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2187224784</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>131 W SUPERIOR STREET</AddressLine1Txt>
          <CityNm>DULUTH</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55802</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>true</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ELIZABETH H SIMONSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>8253 E ROSE LAKE DRIVE</AddressLine1Txt>
            <CityNm>CANYON</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55717</ZIPCd>
          </USAddress>
          <TitleTxt>CO-TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>4060</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RODNEY EDWARDS</PersonNm>
          <USAddress>
            <AddressLine1Txt>306 W SUPERIOR STREET</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>CO-TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>4059</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>NORTH SHORE BANK OF COMMERCE</PersonNm>
          <USAddress>
            <AddressLine1Txt>131 W SUPERIOR STREET</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </USAddress>
          <TitleTxt>CO-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>3153121</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>237048</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3390169</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>3390169</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>50853</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>3339316</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>166966</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>166966</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1544</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1544</TotalTaxAmt>
        <DistributableBeforeAdjAmt>165422</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>165422</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>165422</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>280121</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>280121</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>165422</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>30931</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>41128</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>102957</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>60889</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>31077</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>266982</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>280121</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>165422</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>114699</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>381681</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>30931</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>350750</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>41128</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>102957</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>60889</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>31077</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>114699</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>NORTH SHORE BANK OF COMMERCE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>131 W SUPERIOR ST</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2187224784</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>REQUEST FOR FUNDS AND SUPPORTING DOCUMENTATION</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>JULY 15</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>GRANTS ARE AWARDED FOR RESEARCH AND TREATMENT OF INDIVIDUALS WITH SPEECH OR HEARING DISORDERS. IN ADDITION, SCHOLARSHIPS ARE AWARDED TO STUDENTS STUDYING IN THE FIELD OF COMMUNICATION DISORDERS. THE FOUNDATION'S SERVICE AREA IS NE MINNESOTA.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COURAGE KENNY NORTHLAND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>424 W SUPERIOR STREET</AddressLine1Txt>
            <AddressLine2Txt>SUITE 201</AddressLine2Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55802</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>GRANT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF MN FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>200 SE OAK STREET</AddressLine1Txt>
            <AddressLine2Txt>SUITE 500</AddressLine2Txt>
            <CityNm>MINNEAPOLIS</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55455</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>GRANT</GrantOrContributionPurposeTxt>
          <Amt>256810</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE COLLEGE OF ST SCHOLASTICA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1200 KENWOOD AVENUE</AddressLine1Txt>
            <CityNm>DULUTH</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55811</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>GRANT</GrantOrContributionPurposeTxt>
          <Amt>11230</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>278040</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>19746</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>69984</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>21331</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>78980</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>111061</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>78980</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>190041</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>ACCOUNTING</CategoryTxt>
        <Amt>1050</Amt>
        <DisbursementsCharitablePrpsAmt>1050</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc3">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>NSBC SALES SHORT TERM</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>31</GrossSalesPriceAmt>
        <TotalNetAmt>31</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>NSBC SALES LONG TERM</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>623572</GrossSalesPriceAmt>
        <BasisAmt>544623</BasisAmt>
        <TotalNetAmt>78949</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc4">
      <InvestmentsOtherGrp>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3096434</BookValueAmt>
        <EOYFMVAmt>3218193</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc5">
      <LegalFeesGrp>
        <CategoryTxt>ATTORNEY</CategoryTxt>
        <LegalFeesAmt>1031</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>1031</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc6">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MANAGEMENT FEES</CategoryTxt>
        <Amt>35712</Amt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc7">
      <TaxesDetail>
        <CategoryTxt>INDIRECT TAXES/LICENSES</CategoryTxt>
        <Amt>3168</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>