﻿<?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>2025-08-13T13:54:34-04:00</ReturnTs>
    <TaxPeriodEndDt>2025-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>461590514</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>SHAUB CPA GROUP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>584 NORTH EMERSON AVE</AddressLine1Txt>
        <CityNm>GREENWOOD</CityNm>
        <StateAbbreviationCd>IN</StateAbbreviationCd>
        <ZIPCd>46143</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>275062027</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>KLOEPFER FAMILY FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>KLOE</BusinessNameControlTxt>
      <PhoneNum>3178881516</PhoneNum>
      <USAddress>
        <AddressLine1Txt>255 LAWNWOOD DRIVE</AddressLine1Txt>
        <CityNm>GREENWOOD</CityNm>
        <StateAbbreviationCd>IN</StateAbbreviationCd>
        <ZIPCd>46142</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>RICHARD D KLOEPFER</PersonNm>
      <PersonTitleTxt>PRESIDENT, DIRECTOR</PersonTitleTxt>
      <PhoneNum>3178881516</PhoneNum>
      <SignatureDt>2025-08-12</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>AMY M OSTROM CPA</PreparerPersonNm>
      <PTIN>P00747664</PTIN>
      <PhoneNum>3178882047</PhoneNum>
      <PreparationDt>2025-08-12</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="RetDoc11">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>5031242</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>65</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>65</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>65</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>332138</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>332138</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>332138</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-250249</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>3087312</GrossSalesPriceAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc8">795</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeAdjNetIncmAmt>795</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>82749</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>332203</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>332998</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>67730</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>67730</CompOfcrDirTrstDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>5181</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftDsbrsChrtblAmt>5181</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc6">107</LegalFeesRevAndExpnssAmt>
        <LegalFeesDsbrsChrtblAmt>107</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">8725</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>8725</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc9">1161</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesDsbrsChrtblAmt>1161</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc10">9212</TaxesRevAndExpnssAmt>
        <TravConfMeetingRevAndExpnssAmt>10711</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>10711</TravConfMeetingDsbrsChrtblAmt>
        <PrintingAndPubRevAndExpnssAmt>869</PrintingAndPubRevAndExpnssAmt>
        <PrintingAndPubDsbrsChrtblAmt>869</PrintingAndPubDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc7">50931</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>50931</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>154627</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>145415</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>118283</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>118283</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>272910</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>263698</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-190161</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>332203</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>332998</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>32507</CashBOYAmt>
        <CashEOYAmt>38712</CashEOYAmt>
        <CashEOYFMVAmt>38712</CashEOYFMVAmt>
        <CorporateStockBOYAmt>3663869</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc4">3458880</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>4992530</CorporateStockEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>4246</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>4246</LandBldgEquipAccumDeprecAmt>
        <TotalAssetsBOYAmt>3696376</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>3497592</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>5031242</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>14516</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>5893</AccountsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>14516</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>5893</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>3681860</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>3491699</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>3681860</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>3491699</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>3696376</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>3497592</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>3681860</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-190161</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>3491699</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>3491699</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITITES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>2366004</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2686646</CostOrOtherBasisAmt>
          <GainOrLossAmt>-320642</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-320642</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>721308</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>650915</CostOrOtherBasisAmt>
          <GainOrLossAmt>70393</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>70393</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-250249</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>4618</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>4618</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>4618</TaxBasedOnInvestmentIncomeAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1">X</Form2220AttachedInd>
        <EsPenaltyAmt>163</EsPenaltyAmt>
        <TaxDueAmt>4781</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>IN</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>true</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>WWW.KLOEPFERFAMILYFOUNDATION.ORG</WebsiteAddressTxt>
        <IndividualWithBooksNm>RICHARD D KLOEPFER</IndividualWithBooksNm>
        <PhoneNum>3178881516</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>255 LAWNWOOD DRIVE</AddressLine1Txt>
          <CityNm>GREENWOOD</CityNm>
          <StateAbbreviationCd>IN</StateAbbreviationCd>
          <ZIPCd>46142</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>RICHARD D KLOEPFER</PersonNm>
          <USAddress>
            <AddressLine1Txt>255 LAWNWOOD DRIVE</AddressLine1Txt>
            <CityNm>GREENWOOD</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>46142</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT, D</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CLARA E BIXBY</PersonNm>
          <USAddress>
            <AddressLine1Txt>264 STOCKTON ROAD</AddressLine1Txt>
            <CityNm>FOUNTAIN INN</CityNm>
            <StateAbbreviationCd>SC</StateAbbreviationCd>
            <ZIPCd>29644</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANGELA M HARRIS</PersonNm>
          <USAddress>
            <AddressLine1Txt>6228 4TH AVENUE N</AddressLine1Txt>
            <CityNm>ST PETERSBURG</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33710</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SHAWNA R SCOTT</PersonNm>
          <USAddress>
            <AddressLine1Txt>7788 E 550 N</AddressLine1Txt>
            <CityNm>NEEDHAM</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>46162</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHAEL BIXBY</PersonNm>
          <USAddress>
            <AddressLine1Txt>3101 BRITTANY TRACE</AddressLine1Txt>
            <CityNm>PENSACOLA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32504</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MADISON SCOTT</PersonNm>
          <USAddress>
            <AddressLine1Txt>4522 ALPINE GROVE DRIVE APT 723</AddressLine1Txt>
            <CityNm>INDIANAPOLIS</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>46237</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ADRIENNE THOMAS</PersonNm>
          <USAddress>
            <AddressLine1Txt>3230 HEMLOCK ST</AddressLine1Txt>
            <CityNm>WHITELAND</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>46184</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEVEN JONES</PersonNm>
          <USAddress>
            <AddressLine1Txt>878 OAKHURST AVENUE</AddressLine1Txt>
            <CityNm>HAZARD</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41701</ZIPCd>
          </USAddress>
          <TitleTxt>VP OF OPERAT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>20.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>67730</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>TO IDENTIFY FIFTH GRADE CHILDREN LIVING IN LESLIE COUNTY, KENTUCKY WHOSE SCREENING/TESTING MAKES THEM EXCELLENT CANDIDATES FOR COLLEGE SCHOLARSHIPS TO THE UNIVERSITY OF KENTUCKY. OUR PROGRAM INCLUDES MENTORING AND PREPARING OUR "KLOEPFER SCHOLARS" FOR SUCCESS IN A COLLEGE ENVIRONMENT. ALSO, THE KLOEPFER FOUNDATION PARTICIPATES IN OTHER CHARITABLE ACTIVITIES FOR THE BENEFIT OF RESIDENTS OF LESLIE COUNTY, KENTUCKY.</Description1Txt>
        <Expenses1Amt>263697</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>4742200</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>45098</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>4787298</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>4787298</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>71809</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>4715489</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>235774</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>263698</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>263698</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <QualifyingDistributionsAmt>263698</QualifyingDistributionsAmt>
        <RemainingDistriFromCorpusAmt>263698</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>263698</TotalCorpusAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>235774</CurrentYearAmt>
          <Year1Amt>232707</Year1Amt>
          <Year2Amt>179922</Year2Amt>
          <Year3Amt>197802</Year3Amt>
          <TotalAmt>846205</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>200408</CurrentYearAmt>
          <Year1Amt>197801</Year1Amt>
          <Year2Amt>152934</Year2Amt>
          <Year3Amt>168132</Year3Amt>
          <TotalAmt>719275</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>263698</CurrentYearAmt>
          <Year1Amt>239861</Year1Amt>
          <Year2Amt>197337</Year2Amt>
          <Year3Amt>126226</Year3Amt>
          <TotalAmt>827122</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>263698</CurrentYearAmt>
          <Year1Amt>239861</Year1Amt>
          <Year2Amt>197337</Year2Amt>
          <Year3Amt>126226</Year3Amt>
          <TotalAmt>827122</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>157183</CurrentYearAmt>
          <Year1Amt>155138</Year1Amt>
          <Year2Amt>119948</Year2Amt>
          <Year3Amt>131868</Year3Amt>
          <TotalAmt>564137</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>RICHARD D KLOEPFER</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>STEVEN L JONES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1737</AddressLine1Txt>
            <CityNm>HAZARD</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41702</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>6062162463</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>SCHOLARSHIP APPLICATION WITH ACADEMIC RECORDS</FormAndInfoAndMaterialsTxt>
          <RestrictionsOnAwardsTxt>APPLICANTS SHOULD RESIDE IN LESLIE COUNTY, KENTUCKY</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CORBIN ARNETT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>90 THOUSANDSTICKS BRCH RD</AddressLine1Txt>
            <CityNm>HYDEN</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41749</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>7535</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MCKENZIE BELL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 333</AddressLine1Txt>
            <CityNm>HOSKINSTON</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40844</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>6649</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TESHA BOWLING</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 2008</AddressLine1Txt>
            <CityNm>HYDEN</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41749</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>359</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PRESTON BLAKE CALDWELL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 310</AddressLine1Txt>
            <CityNm>STINNETT</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40868</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>15041</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BAYLEE DAVIDSON</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>51 PEARL DRIVE</AddressLine1Txt>
            <CityNm>HYDEN</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41749</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>15414</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>OLIVIA FARMER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 449</AddressLine1Txt>
            <CityNm>HYDEN</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41749</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>390</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ADRIEONIA FRANCE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>130 VERMONT DRIVE</AddressLine1Txt>
            <CityNm>HELTON</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40840</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>-300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JAEGEN HOWARD</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 28</AddressLine1Txt>
            <CityNm>ASHER</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40803</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>13733</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WARRENER KILBURN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 175 / 536 SEC FRT</AddressLine1Txt>
            <CityNm>WOOTON</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41776</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>805</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KYLEE LEWIS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>33 FAITH LANE</AddressLine1Txt>
            <CityNm>SMILAX</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41764</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>329</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LYNDSIE LEWIS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 147</AddressLine1Txt>
            <CityNm>ESSIE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40827</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>10216</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MELEIGAH MADDEN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 331</AddressLine1Txt>
            <CityNm>WOOTEN</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41776</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>369</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ABIGAIL MALINAK</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>67 PEARL LANE</AddressLine1Txt>
            <CityNm>HAZARD</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>89</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JESSALYN MCQUEEN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>70 DANIELS BRANCH ROAD</AddressLine1Txt>
            <CityNm>ESSIE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40827</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>210</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MADISON MITCHELL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>720 BIG FORK ROAD</AddressLine1Txt>
            <CityNm>YEADDISS</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41777</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>21109</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KOBE SALYERS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 180</AddressLine1Txt>
            <CityNm>BEAR BRANCH</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41714</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>23096</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THOMAS SAYLOR</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>309 MILE BRANCH ROAD</AddressLine1Txt>
            <CityNm>BLEDSOE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40810</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>3239</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>118283</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>65</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>332138</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-250249</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>CREDIT CARD REWARDS</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>795</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>82749</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>82749</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>8725</Amt>
        <DisbursementsCharitablePrpsAmt>8725</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc3">
      <DepreciationPropertyGrp>
        <PropertyDesc>PROJECTOR</PropertyDesc>
        <AcquiredDt>2014-04-04</AcquiredDt>
        <CostOrOtherBasisAmt>1079</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1079</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2018-06-19</AcquiredDt>
        <CostOrOtherBasisAmt>2337</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2337</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>IPAD</PropertyDesc>
        <AcquiredDt>2019-07-23</AcquiredDt>
        <CostOrOtherBasisAmt>830</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>830</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>DORIAN LPG LTD</StockNm>
        <EOYBookValueAmt>522582</EOYBookValueAmt>
        <EOYFMVAmt>585120</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ENERGY TRANSFER LP</StockNm>
        <EOYBookValueAmt>823247</EOYBookValueAmt>
        <EOYFMVAmt>1169385</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MPLX LP</StockNm>
        <EOYBookValueAmt>809439</EOYBookValueAmt>
        <EOYFMVAmt>1339260</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RED ROCK RESORTS INC</StockNm>
        <EOYBookValueAmt>937479</EOYBookValueAmt>
        <EOYFMVAmt>1014585</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RYMAN HOSPITALITY PR</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SIMON PPTY GROUP</StockNm>
        <EOYBookValueAmt>366133</EOYBookValueAmt>
        <EOYFMVAmt>884180</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="RetDoc5">
      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>4246</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4246</AccumulatedDepreciationAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc6">
      <LegalFeesGrp>
        <CategoryTxt>INDIRECT LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>107</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>107</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc7">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE, MAILING SERVICE</Desc>
        <RevenueAndExpensesPerBooksAmt>188</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>188</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE, TELECOMMUNICATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>1473</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1473</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>1963</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1963</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PROGRAM SERVICES</Desc>
        <RevenueAndExpensesPerBooksAmt>43201</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>43201</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WEBSITE</Desc>
        <RevenueAndExpensesPerBooksAmt>348</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>348</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>3758</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>3758</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc8">
      <OtherIncomeDetail>
        <Desc>CREDIT CARD REWARDS</Desc>
        <RevenueAndExpensesPerBooksAmt>795</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>795</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc9">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PAYROLL PROCESSING</CategoryTxt>
        <Amt>1161</Amt>
        <DisbursementsCharitablePrpsAmt>1161</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc10">
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAXES</CategoryTxt>
        <Amt>9212</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>