<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2022v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2023-10-10T11:03:03-04:00</ReturnTs>
    <TaxPeriodEndDt>2022-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>421104473</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>MHCS PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1601 W LAKES PKWY STE 300</AddressLine1Txt>
        <CityNm>WEST DES MOINES</CityNm>
        <StateAbbreviationCd>IA</StateAbbreviationCd>
        <ZIPCd>50266</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2022-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>426075767</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>IOWA PHARMACY ASSOCIATION</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>FOUNDATION</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>IOWA</BusinessNameControlTxt>
      <PhoneNum>5152700713</PhoneNum>
      <USAddress>
        <AddressLine1Txt>8515 DOUGLAS AVE STE 16</AddressLine1Txt>
        <CityNm>URBANDALE</CityNm>
        <StateAbbreviationCd>IA</StateAbbreviationCd>
        <ZIPCd>503222900</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>KATE GAINER</PersonNm>
      <PersonTitleTxt>SECRETARY/TREASURER</PersonTitleTxt>
      <PhoneNum>5152700713</PhoneNum>
      <SignatureDt>2023-10-03</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>KATE</PersonFirstNm>
        <PersonLastNm>GAINER</PersonLastNm>
      </PersonFullName>
      <SSN>999009999</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>ALEXANDRA KAFER CPA</PreparerPersonNm>
      <PTIN>P02066016</PTIN>
      <PhoneNum>5152883279</PhoneNum>
      <PreparationDt>2023-10-03</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2022</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="15">
    <IRS990PF documentId="RetDoc16">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>2202243</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>57557</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>34608</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>34608</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>34608</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="RetDoc4">22484</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>196552</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>22484</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>1562</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc12">34780</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeAdjNetIncmAmt>34780</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>149429</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>57092</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>70950</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">9570</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>957</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>3908</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>4705</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc13">66832</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>14857</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesAdjNetIncmAmt>17325</OtherProfFeesAdjNetIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>34650</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc14">2000</TaxesRevAndExpnssAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="RetDoc3">414</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnAdjNetIncmAmt>414</DeprecAndDpltnAdjNetIncmAmt>
        <OccupancyRevAndExpnssAmt>3600</OccupancyRevAndExpnssAmt>
        <OccupancyAdjNetIncmAmt>1620</OccupancyAdjNetIncmAmt>
        <OccupancyDsbrsChrtblAmt>1980</OccupancyDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>196</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>196</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc11">54511</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesAdjNetIncmAmt>22020</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>32492</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>137123</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>15814</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>45287</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>74023</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>35070</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>35070</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>172193</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>15814</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>45287</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>109093</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-22764</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>41278</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>25663</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>92100</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>80439</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>80439</SavAndTempCashInvstEOYFMVAmt>
        <PledgesRcvblAmt>160155</PledgesRcvblAmt>
        <PledgesRcvblBOYAmt>176738</PledgesRcvblBOYAmt>
        <PledgesRcvblEOYAmt>160155</PledgesRcvblEOYAmt>
        <PledgesRcvblEOYFMVAmt>160155</PledgesRcvblEOYFMVAmt>
        <PrepaidExpensesBOYAmt>1349</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>1843</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>1843</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>614088</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc6">547072</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>547072</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>4280</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc5">10670</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>10670</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>750579</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc7">657949</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>657949</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>51139</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>50415</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>1137</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="RetDoc8">724</LandEOYAmt>
        <LandEOYFMVAmt>724</LandEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc9">893861</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc9">743391</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc9">743391</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>2534132</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2202243</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>2202243</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>54624</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>57672</AccountsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>54624</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>57672</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>745237</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>631944</NoDonorRstrNetAssestsEOYAmt>
        <DonorRstrNetAssetsBOYAmt>1734271</DonorRstrNetAssetsBOYAmt>
        <DonorRstrNetAssetsEOYAmt>1512627</DonorRstrNetAssetsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2479508</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2144571</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2534132</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2202243</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2479508</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-22764</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2456744</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc10">312173</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>2144571</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>4340</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4091</CostOrOtherBasisAmt>
          <GainOrLossAmt>249</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>249</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>33563</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>32414</CostOrOtherBasisAmt>
          <GainOrLossAmt>1149</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1149</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>100167</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>81771</CostOrOtherBasisAmt>
          <GainOrLossAmt>18396</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>18396</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>17901</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>17928</CostOrOtherBasisAmt>
          <GainOrLossAmt>-27</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-27</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>6192</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5779</CostOrOtherBasisAmt>
          <GainOrLossAmt>413</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>413</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>34384</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>32080</CostOrOtherBasisAmt>
          <GainOrLossAmt>2304</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2304</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>22484</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>1562</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>574</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>574</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>574</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>1307</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>1307</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>733</OverpaymentAmt>
        <AppliedToESTaxAmt>733</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>
        <OrgReportOrRegisterStateCd>IA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>true</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>WWW.IARX.ORG</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>DAWN MORSE</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>5152700713</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>8515 DOUGLAS AVE SUITE 16</AddressLine1Txt>
          <CityNm>URBANDALE</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>50322</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>true</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RENAE CHESNUT</PersonNm>
          <USAddress>
            <AddressLine1Txt>2507 UNIVERSITY AVENUE</AddressLine1Txt>
            <CityNm>DES MOINES</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50311</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JULIE KUHLE</PersonNm>
          <USAddress>
            <AddressLine1Txt>8076 104TH LANE</AddressLine1Txt>
            <CityNm>INDIANOLA</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50125</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GARY MILAVETZ</PersonNm>
          <USAddress>
            <AddressLine1Txt>310E CPB 180 S GRAND AVENUE</AddressLine1Txt>
            <CityNm>IOWA CITY</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52242</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BOB GREENWOOD</PersonNm>
          <USAddress>
            <AddressLine1Txt>1875 WESTCHESTER ROAD</AddressLine1Txt>
            <CityNm>WATERLOO</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50701</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CRAIG LOGEMANN</PersonNm>
          <USAddress>
            <AddressLine1Txt>418 NE 17TH CT</AddressLine1Txt>
            <CityNm>ANKENY</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50021</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHERYL CLARKE</PersonNm>
          <USAddress>
            <AddressLine1Txt>31696 SILVERADO LANE</AddressLine1Txt>
            <CityNm>WAUKEE</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50263</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CONNIE CONNOLLY</PersonNm>
          <USAddress>
            <AddressLine1Txt>23799 281ST AVE</AddressLine1Txt>
            <CityNm>LECLAIRE</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52753</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHELE EVINK</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 443</AddressLine1Txt>
            <CityNm>OSCEOLA</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50213</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DIANE REIST</PersonNm>
          <USAddress>
            <AddressLine1Txt>3405 76TH AVE DR SW</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52404</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CARL CHALSTROM LEFT SEPT 2022</PersonNm>
          <USAddress>
            <AddressLine1Txt>1791 HWY 64 E</AddressLine1Txt>
            <CityNm>ANAMOSA</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52205</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TOM HALTERMAN LEFT SEPT 2022</PersonNm>
          <USAddress>
            <AddressLine1Txt>2613 COUNTRY SIDE DR</AddressLine1Txt>
            <CityNm>WEST DES MOINES</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50265</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN SWEGLE</PersonNm>
          <USAddress>
            <AddressLine1Txt>833 1ST ST NW</AddressLine1Txt>
            <CityNm>MASON CITY</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50401</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RICK KNUDSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>1502 N 23RD ST</AddressLine1Txt>
            <CityNm>CLEAR LAKE</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50428</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KATE GAINER</PersonNm>
          <USAddress>
            <AddressLine1Txt>8515 DOUGLAS AVE STE 16</AddressLine1Txt>
            <CityNm>DES MOINES</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50322</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY/TR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEVE FIRMAN LEFT SEPT 2022</PersonNm>
          <USAddress>
            <AddressLine1Txt>11 RIVER RIDGE RD</AddressLine1Txt>
            <CityNm>CEDAR FALLS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50613</ZIPCd>
          </USAddress>
          <TitleTxt>PAST PRESIDE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>BACKGROUND:THE IPA FOUNDATION IS A NOT FOR PROFIT 501(C)3 CHARITABLE ORGANIZATION HEADQUARTERED IN DES MOINES, IOWA. IT IS AFFILIATED WITH THE IOWA PHARMACY ASSOCIATION, THE STATE PROFESSIONAL SOCIETY OF PHARMACISTS, STUDENT PHARMACISTS AND PHARMACY TECHNICIANS. THE IPA FOUNDATION WAS ESTABLISHED IN 1960 AS A CHARITABLE, NON-PROFIT FOUNDATION TO OFFER LOANS AND SCHOLARSHIPS TO DESERVING PHARMACY STUDENTS. THE MISSION STATEMENT OF THE IPA FOUNDATION IS INSPIRING GENEROSITY AND FULFILLING THE ASPIRATIONS OF THE PHARMACY PROFESSION THROUGH SUPPORT OF EDUCATION, PRACTICE BASED RESEARCH, AND PRACTICE DEVELOPMENT. THIS MISSION IS ACCOMPLISHED THROUGH: - STUDENT PHARMACIST SUPPORT: PROVIDING SCHOLARSHIPS AND FACILITATING PROFESSIONAL DEVELOPMENT PROGRAMS FOR STUDENT PHARMACISTS IN IOWA. - LEADERSHIP DEVELOPMENT: FACILITATING PROGRAMS OF LEADERSHIP SKILL DEVELOPMENT FOR STUDENT PHARMACISTS AND NEW PHARMACIST-PRACTITIONERS. -CONTINUING PROFESSIONAL EDUCATION: SUPPORTING THE DEVELOPMENT, IN COOP</Description1Txt>
        <Expenses1Amt>74023</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1292319</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>86270</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>906113</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>2284702</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2284702</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>34271</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2250431</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>112522</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>109093</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>109093</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <QualifyingDistributionsAmt>109093</QualifyingDistributionsAmt>
        <RemainingDistriFromCorpusAmt>109093</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>109093</TotalCorpusAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>25663</CurrentYearAmt>
          <Year1Amt>53460</Year1Amt>
          <Year2Amt>12623</Year2Amt>
          <Year3Amt>48874</Year3Amt>
          <TotalAmt>140620</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>21814</CurrentYearAmt>
          <Year1Amt>45441</Year1Amt>
          <Year2Amt>10730</Year2Amt>
          <Year3Amt>41543</Year3Amt>
          <TotalAmt>119528</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>109093</CurrentYearAmt>
          <Year1Amt>130040</Year1Amt>
          <Year2Amt>83492</Year2Amt>
          <Year3Amt>138057</Year3Amt>
          <TotalAmt>460682</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>109093</CurrentYearAmt>
          <Year1Amt>130040</Year1Amt>
          <Year2Amt>83492</Year2Amt>
          <Year3Amt>138057</Year3Amt>
          <TotalAmt>460682</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>75015</CurrentYearAmt>
          <Year1Amt>80769</Year1Amt>
          <Year2Amt>74349</Year2Amt>
          <Year3Amt>68179</Year3Amt>
          <TotalAmt>298312</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF IOWA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>105 JESSUP HALL</AddressLine1Txt>
            <CityNm>IOWA CITY</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52242</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OUTCOMES GRANT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DRAKE UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>COLLEGE OF PHARMACY</AddressLine1Txt>
            <CityNm>DES MOINES</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>50311</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP FUND CONTRIBUTION</GrantOrContributionPurposeTxt>
          <Amt>9500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF IOWA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>COLLEGE OF PHARMACY</AddressLine1Txt>
            <CityNm>IOWA CITY</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52243</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP FUND CONTRIBUTION</GrantOrContributionPurposeTxt>
          <Amt>9500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SPENCER MUNICIPAL HOSPITAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1200 1ST AVE EAST</AddressLine1Txt>
            <CityNm>SPENCER</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51301</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OUTCOMES GRANT</GrantOrContributionPurposeTxt>
          <Amt>11070</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>35070</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>34608</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>22484</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>34780</ExclusionAmt>
        </NetIncomeLossFromSpecialEvtGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>91872</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>91872</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>true</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <TransferScheduleDetail>
          <LineNumberTxt>1b(6)</LineNumberTxt>
          <InvolvedAmt>57750</InvolvedAmt>
          <NoncharitableExemptOrgName>
            <BusinessNameLine1Txt>IOWA PHARMACY ASSOC</BusinessNameLine1Txt>
          </NoncharitableExemptOrgName>
          <TransfersTransAndShrArrngmDesc>SEE ATTACHED STATEMENT</TransfersTransAndShrArrngmDesc>
        </TransferScheduleDetail>
        <RelationshipsNonchrtblEOInd>true</RelationshipsNonchrtblEOInd>
        <RelationshipScheduleDetail>
          <OrganizationBusinessName>
            <BusinessNameLine1Txt>IOWA PHARMACY ASSOC</BusinessNameLine1Txt>
          </OrganizationBusinessName>
          <OrganizationTypeDesc>501(C)(6) TRADE</OrganizationTypeDesc>
          <RelationshipDescriptionTxt>SEE ATTACHED STATEMENT</RelationshipDescriptionTxt>
        </RelationshipScheduleDetail>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>MAIN LOCUST PHARMACY</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>2151 KIMBERLY ROAD</AddressLine1Txt>
          <CityNm>BETTENDORF</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52722</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>10000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTANT</CategoryTxt>
        <Amt>9570</Amt>
        <NetInvestmentIncomeAmt>957</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3908</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4705</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc3">
      <DepreciationPropertyGrp>
        <PropertyDesc>DEPRECIATION</PropertyDesc>
        <CurrentYearExpenseAmt>414</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc4">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>PUBLICLY TRADED SECURITIES</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>5</GrossSalesPriceAmt>
        <BasisAmt>5</BasisAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpBondsSchedule documentId="RetDoc5">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE BONDS</BondNm>
        <EOYBookValueAmt>10670</EOYBookValueAmt>
        <EOYFMVAmt>10670</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc6">
      <InvestmentsCorporateStockGrp>
        <StockNm>COMMON AND PREFERRED SECURITIES</StockNm>
        <EOYBookValueAmt>547072</EOYBookValueAmt>
        <EOYFMVAmt>547072</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc7">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MUTUAL FUNDS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>657949</BookValueAmt>
        <EOYFMVAmt>657949</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc8">
      <LandEtcGrp>
        <CategoryOrItemTxt>PROPERTY AND EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>51139</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>50415</AccumulatedDepreciationAmt>
        <BookValueAmt>724</BookValueAmt>
        <EOYFMVAmt>724</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherAssetsSchedule documentId="RetDoc9">
      <OtherAssetsScheduleGrp>
        <Desc>BENEFICIAL INTEREST - GDMCF</Desc>
        <BOYBookValueAmt>893861</BOYBookValueAmt>
        <EOYBookValueAmt>743391</EOYBookValueAmt>
        <EOYFMVAmt>743391</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc10">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSS</Desc>
        <Amt>206396</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSS - BENEFICIAL INTEREST</Desc>
        <Amt>105777</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc11">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE OPERATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>7733</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>4373</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3360</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>STUDENT LEADERSHIP CONFERENCE</Desc>
        <RevenueAndExpensesPerBooksAmt>29132</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>29132</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SILENT AUCTION</Desc>
        <RevenueAndExpensesPerBooksAmt>2099</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>2099</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FUNDRAISING</Desc>
        <RevenueAndExpensesPerBooksAmt>1626</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>1626</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>GOLF CLASSIC</Desc>
        <RevenueAndExpensesPerBooksAmt>13302</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>13302</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>619</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>620</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc12">
      <OtherIncomeDetail>
        <Desc>SPECIAL EVENTS</Desc>
        <RevenueAndExpensesPerBooksAmt>34780</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>34780</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc13">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MANAGEMENT FEES</CategoryTxt>
        <Amt>66832</Amt>
        <NetInvestmentIncomeAmt>14857</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>17325</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>34650</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc14">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>2000</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
