﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2025v4.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-07-21T05:49:00-00:00</ReturnTs>
    <TaxPeriodEndDt>2026-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>841379806</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Paul R Durr PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1777 S Harrison St Ste 1500</AddressLine1Txt>
        <CityNm>Denver</CityNm>
        <StateAbbreviationCd>CO</StateAbbreviationCd>
        <ZIPCd>80210</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2025-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>841568378</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>The Verdoorn Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% Daniel Verdoorn</InCareOfNm>
      <BusinessNameControlTxt>VERD</BusinessNameControlTxt>
      <PhoneNum>3037927357</PhoneNum>
      <USAddress>
        <AddressLine1Txt>6400 S Fiddlers Green Circle STE 30</AddressLine1Txt>
        <CityNm>Greenwood Village</CityNm>
        <StateAbbreviationCd>CO</StateAbbreviationCd>
        <ZIPCd>80111</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Daniel Verdoorn</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <PhoneNum>3037927357</PhoneNum>
      <SignatureDt>2026-07-21</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Paul R Durr</PreparerPersonNm>
      <PTIN>P00337164</PTIN>
      <PhoneNum>3036919300</PhoneNum>
      <PreparationDt>2026-07-21</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="11">
    <IRS990PF documentId="990PF" softwareId="25022248" softwareVersionNum="25.0.1.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1152453</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <DividendsRevAndExpnssAmt>45135</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>45135</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>45135</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>64675</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>245540</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>64675</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>109810</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>109810</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>45135</TotalAdjNetIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="990PF:111">7218</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>7218</LegalFeesNetInvstIncmAmt>
        <LegalFeesAdjNetIncmAmt>7218</LegalFeesAdjNetIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="990PF:113">9905</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>9905</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesAdjNetIncmAmt>9905</OtherProfFeesAdjNetIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="990PF:114">3576</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>3576</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>3576</TaxesAdjNetIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="990PF:115">13106</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>13106</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>13106</OtherExpensesAdjNetIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>33805</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>33805</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>33805</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>174000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>174000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>207805</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>33805</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>33805</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>174000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-97995</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>76005</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>11330</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>38920</CashBOYAmt>
        <CashEOYAmt>18453</CashEOYAmt>
        <SavAndTempCashInvstBOYAmt>34342</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>86723</SavAndTempCashInvstEOYAmt>
        <USGovernmentObligationsBOYAmt>126894</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt>126894</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>128847</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>892629</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="990PF:122">784814</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>954207</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>86420</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="990PF:123">74626</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>69399</CorporateBondsEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>2266264</InvstLandCostOrOtherBasisAmt>
        <LandBldgInvestmentsBOYAmt>2266264</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt referenceDocumentId="990PF:130">2266264</LandBldgInvestmentsEOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="990PF:117">593</OtherAssetsEOYAmt>
        <TotalAssetsBOYAmt>3445469</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>3358367</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1152453</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>3445469</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>3358367</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>3445469</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>3358367</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>3445469</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>3358367</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>3445469</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-97995</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="990PF:133">10893</OtherIncreasesAmt>
        <SubtotalAmt>3358367</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>3358367</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 1281 see attached</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-04-25</AcquiredDt>
          <SoldDt>2026-01-22</SoldDt>
          <GrossSalesPriceAmt>144799</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>110959</CostOrOtherBasisAmt>
          <GainOrLossAmt>33840</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>33840</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 4740 see attached</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-06-30</AcquiredDt>
          <SoldDt>2025-06-10</SoldDt>
          <GrossSalesPriceAmt>5893</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5950</CostOrOtherBasisAmt>
          <GainOrLossAmt>-57</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-57</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 4740 see attached</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-08-25</AcquiredDt>
          <SoldDt>2025-06-10</SoldDt>
          <GrossSalesPriceAmt>58658</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>63956</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5298</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5298</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>64675</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-57</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1056</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>1056</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1056</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>593</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>593</TotalPaymentsAndCreditsAmt>
        <OriginalReturnTaxPaidAmt>593</OriginalReturnTaxPaidAmt>
        <TaxDueAmt>463</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>CO</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>none</WebsiteAddressTxt>
        <IndividualWithBooksNm>Daniel Verdoorn</IndividualWithBooksNm>
        <PhoneNum>3034728385</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>733 Crystal Springs Rd</AddressLine1Txt>
          <CityNm>St Helena</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94574</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>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <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 referenceDocumentId="990PF:160">Daniel C Verdoorn</PersonNm>
          <USAddress>
            <AddressLine1Txt>733 Crystal Springs Rd</AddressLine1Txt>
            <CityNm>Helena</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94574</ZIPCd>
          </USAddress>
          <TitleTxt>President Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>001.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm referenceDocumentId="990PF:160">Denise M Overhardt</PersonNm>
          <USAddress>
            <AddressLine1Txt>6400 S Fiddlers Green Cir Ste 300</AddressLine1Txt>
            <CityNm>Greenwood Village</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80111</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary, Treasurer Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>001.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm referenceDocumentId="990PF:160">Carla A Verdoorn</PersonNm>
          <USAddress>
            <AddressLine1Txt>733 Crystal Springs Rd</AddressLine1Txt>
            <CityNm>Helena</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94574</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>n/a</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>n/a</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1273124</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>82109</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>2100000</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3455233</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>3455233</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>51828</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>3403405</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>170170</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>170170</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1056</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1056</TotalTaxAmt>
        <DistributableBeforeAdjAmt>169114</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>169114</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>169114</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt referenceDocumentId="990PF:151">174000</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>174000</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>169114</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>167349</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>174000</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>167349</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>6651</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>162463</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>Daniel C Verdoorn</ContributingManagerNm>
        <ContributingManagerNm>Denise M Overhardt</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>Denise M Overhardt</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>10463 Park Meadows Dr</AddressLine1Txt>
            <CityNm>Littleton</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80124</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>3037927357</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>written request, include proposed use</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>none</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>charitable, educational or governmental organization</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Camelot Therapeutic Horsemanship</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>23623 N Scottsdale Rd</AddressLine1Txt>
            <CityNm>Scottsdale</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85255</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>childrens programs</GrantOrContributionPurposeTxt>
          <Amt>16000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Morningside College</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1501 Morningside Av</AddressLine1Txt>
            <CityNm>Souix City</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51106</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>athletic program</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Sunrise Horse Rescue</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>POBox 143</AddressLine1Txt>
            <CityNm>Saint Helena</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94574</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>animal rescue program</GrantOrContributionPurposeTxt>
          <Amt>16000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Home Aid Colorado</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>405 Urban St Ste 340</AddressLine1Txt>
            <CityNm>Lakewood</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80228</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>female veterans project</GrantOrContributionPurposeTxt>
          <Amt>16000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Phoenix Childrens Hospital</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1919 E Thomas Rd</AddressLine1Txt>
            <CityNm>Phoenix</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85016</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>childrens ICU</GrantOrContributionPurposeTxt>
          <Amt>26000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Tunnel to Towers Foundation</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2361 Hylan Blvd</AddressLine1Txt>
            <CityNm>Staten Island</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10306</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>families of fallen veterans</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Folds of Honor</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>8711 E Pinnacle Peak Rd PMB 326</AddressLine1Txt>
            <CityNm>Scottsdale</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85255</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>soldiers children spouses</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>174000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>45135</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>64675</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>109810</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>109810</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>3</LineNumberTxt>
          <RelationshipStatementTxt>investment income</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>investment income</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>9</LineNumberTxt>
          <RelationshipStatementTxt>sale of investment assets</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>
    <IRS990ScheduleB documentId="990B" softwareId="25022248" softwareVersionNum="25.0.1.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
    </IRS990ScheduleB>
    <InvestmentsCorpBondsSchedule documentId="990PF:123" softwareId="25022248" softwareVersionNum="25.0.1.0">
      <InvestmentsCorporateBondsGrp>
        <BondNm>GNR 2006-49ZC 70,000 6.50 2036-09-20</BondNm>
        <EOYBookValueAmt>74626</EOYBookValueAmt>
        <EOYFMVAmt>69399</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="990PF:122" softwareId="25022248" softwareVersionNum="25.0.1.0">
      <InvestmentsCorporateStockGrp>
        <StockNm>see attached schedule</StockNm>
        <EOYBookValueAmt>784814</EOYBookValueAmt>
        <EOYFMVAmt>954207</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="990PF:130" softwareId="25022248" softwareVersionNum="25.0.1.0">
      <InvestmentLandGrp>
        <CategoryOrItemTxt>El Paso County, CO land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2266264</CostOrOtherBasisAmt>
        <BookValueAmt>2266264</BookValueAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <LegalFeesSchedule documentId="990PF:111" softwareId="25022248" softwareVersionNum="25.0.1.0">
      <LegalFeesGrp>
        <CategoryTxt>Paul R. Durr PC legal fees</CategoryTxt>
        <LegalFeesAmt>7218</LegalFeesAmt>
        <NetInvestmentIncomeAmt>7218</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>7218</AdjustedNetIncomeAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="990PF:117" softwareId="25022248" softwareVersionNum="25.0.1.0">
      <OtherAssetsScheduleGrp>
        <Desc>estimated tax deposit</Desc>
        <EOYBookValueAmt>593</EOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="990PF:115" softwareId="25022248" softwareVersionNum="25.0.1.0">
      <OtherExpensesScheduleGrp>
        <Desc>Amortization of bond premium</Desc>
        <RevenueAndExpensesPerBooksAmt>13106</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>13106</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>13106</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="990PF:133" softwareId="25022248" softwareVersionNum="25.0.1.0">
      <OtherIncreasesDetail>
        <Desc>prior period adjustment</Desc>
        <Amt>10893</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="990PF:113" softwareId="25022248" softwareVersionNum="25.0.1.0">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>UBS advisory fees 1281</CategoryTxt>
        <Amt>9705</Amt>
        <NetInvestmentIncomeAmt>9705</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>9705</AdjustedNetIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>UBS advisory fees 4740</CategoryTxt>
        <Amt>200</Amt>
        <NetInvestmentIncomeAmt>200</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>200</AdjustedNetIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="990PF:114" softwareId="25022248" softwareVersionNum="25.0.1.0">
      <TaxesDetail>
        <CategoryTxt>El Paso County CO real estate taxes</CategoryTxt>
        <Amt>2574</Amt>
        <NetInvestmentIncomeAmt>2574</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2574</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>excise tax paid</CategoryTxt>
        <Amt>1002</Amt>
        <NetInvestmentIncomeAmt>1002</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1002</AdjustedNetIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>