﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-11-12T10:21:42-05:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>582647076</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>RESJ PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>2330 PATRICK HENRY PARKWAY STE 100</AddressLine1Txt>
        <CityNm>MCDONOUGH</CityNm>
        <StateAbbreviationCd>GA</StateAbbreviationCd>
        <ZIPCd>30253</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>201726630</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>ELM FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>ELMF</BusinessNameControlTxt>
      <PhoneNum>4049933724</PhoneNum>
      <USAddress>
        <AddressLine1Txt>163 ARBOR SPRINGS NORTH DRIVE</AddressLine1Txt>
        <CityNm>NEWNAN</CityNm>
        <StateAbbreviationCd>GA</StateAbbreviationCd>
        <ZIPCd>30265</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>MR BEAU V BREZINA</PersonNm>
      <PersonTitleTxt>SECRETARY</PersonTitleTxt>
      <PhoneNum>7704616053</PhoneNum>
      <SignatureDt>2024-11-11</SignatureDt>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>BRYANT TROTTER</PreparerPersonNm>
      <PTIN>P00266888</PTIN>
      <PhoneNum>7704747703</PhoneNum>
      <PreparationDt>2024-11-11</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="RetDoc12" referenceDocumentId="RetDoc11">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3419968</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>1785</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>1785</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>1785</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>90682</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>90682</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>90682</DividendsAdjNetIncmAmt>
        <GrossRentsRevAndExpnssAmt>24141</GrossRentsRevAndExpnssAmt>
        <GrossRentsNetInvstIncmAmt>24141</GrossRentsNetInvstIncmAmt>
        <GrossRentsAdjNetIncmAmt>24141</GrossRentsAdjNetIncmAmt>
        <NetRentalIncomeOrLossAmt>24141</NetRentalIncomeOrLossAmt>
        <NetGainSaleAstRevAndExpnssAmt>549332</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>549651</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>549332</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc9">-1543</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>-1543</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>-1543</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>664397</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>664397</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>115065</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>28400</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstAdjNetIncmAmt>28400</CompOfcrDirTrstAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">2898</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesAdjNetIncmAmt>2898</AccountingFeesAdjNetIncmAmt>
        <InterestRevAndExpnssAmt>319</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>319</InterestNetInvstIncmAmt>
        <InterestAdjNetIncmAmt>319</InterestAdjNetIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc10">3067</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>436</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>3067</TaxesAdjNetIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc8">261</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesAdjNetIncmAmt>261</OtherExpensesAdjNetIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>34945</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>755</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>34945</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>143000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>143000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>177945</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>755</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>34945</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>143000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>486452</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>663642</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>80120</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>6296</CashBOYAmt>
        <CashEOYAmt>17987</CashEOYAmt>
        <CashEOYFMVAmt>17987</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>878783</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>1620896</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>1620896</SavAndTempCashInvstEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>10000</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="RetDoc5">10000</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>11472</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>773269</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc4">731476</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1254911</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>507920</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc6">282361</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>514702</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>2410</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>2410</LandBldgEquipAccumDeprecAmt>
        <TotalAssetsBOYAmt>2176268</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2662720</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3419968</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>2176268</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>2662720</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2176268</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2662720</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2176268</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2662720</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2176268</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>486452</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2662720</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>2662720</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>INVESCO DB COMMODITY INDEX TRACKING</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <CostOrOtherBasisAmt>319</CostOrOtherBasisAmt>
          <GainOrLossAmt>-319</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-319</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>549332</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>9225</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>9225</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>9225</TaxBasedOnInvestmentIncomeAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1">X</Form2220AttachedInd>
        <EsPenaltyAmt>136</EsPenaltyAmt>
        <TaxDueAmt>9361</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>true</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>GA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>true</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>BEAU BREZINA</IndividualWithBooksNm>
        <PhoneNum>4049933724</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>163 ARBOR SPRINGS NORTH DRIVE</AddressLine1Txt>
          <CityNm>NEWNAN</CityNm>
          <StateAbbreviationCd>GA</StateAbbreviationCd>
          <ZIPCd>30265</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>true</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <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>DR RANDAL M COX</PersonNm>
          <USAddress>
            <AddressLine1Txt>400 CR 4133</AddressLine1Txt>
            <CityNm>ATLANTA</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75551</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MR WILLIAM B BUNN</PersonNm>
          <USAddress>
            <AddressLine1Txt>3423 GOLDENROD LANE</AddressLine1Txt>
            <CityNm>KALISPELL</CityNm>
            <StateAbbreviationCd>MT</StateAbbreviationCd>
            <ZIPCd>59901</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MR GREGORY BREZINA</PersonNm>
          <USAddress>
            <AddressLine1Txt>155 TILLINGHAST TRACE</AddressLine1Txt>
            <CityNm>NEWNAN</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30265</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MR BEAU V BREZINA</PersonNm>
          <USAddress>
            <AddressLine1Txt>163 ARBOR SPRINGS NORTH DRIVE</AddressLine1Txt>
            <CityNm>NEWNAN</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30265</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>28400</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>SUPPORT THE BIBLICAL TEACHINGS AND TRAININGS OF THE EXCHANGED LIFE, PRIMARILY THROUGH THE AUSPICES OF CHRISTIAN FAMILIES TODAY, ANOTHER FAITH-BASED MINISTRY WHOSE TEACHINGS AND TRAININGS ARE BASED UPON THE EXCHANGED LIFE.</Description1Txt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1361488</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1261981</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>408158</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3031627</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>3031627</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>45474</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2986153</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>149308</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>149308</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>9225</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>9225</TotalTaxAmt>
        <DistributableBeforeAdjAmt>140083</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>140083</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>140083</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>143000</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>143000</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>140083</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr2Amt>5325</ExcessDistributionCyovYr2Amt>
        <TotalExcessDistributionCyovAmt>5325</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>143000</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>140083</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>2917</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>8242</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>8242</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>5325</ExcessFromYear2Amt>
        <ExcessFromCurrentYearAmt>2917</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>GREGORY BREZINA</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHRISTIAN FAMILIES TODAY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>174 ASHLEY PK BLVD STE 1</AddressLine1Txt>
            <CityNm>NEWNAN</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30263</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING FUNDS</GrantOrContributionPurposeTxt>
          <Amt>143000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>143000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1785</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>90682</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>24141</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>549332</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>MARTIN MIDSTREAM PARTNERS L</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-11</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>MARTIN MIDSTREAM PARTNERS L</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-29</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>POWERSHARES DB AGRICULTURE</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>368</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>POWERSHARES DB COMMODITY IN</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-1871</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>664397</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>664397</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>true</RelationshipsNonchrtblEOInd>
        <RelationshipScheduleDetail>
          <OrganizationBusinessName>
            <BusinessNameLine1Txt>CHRISTIAN FAMILIES TOD</BusinessNameLine1Txt>
          </OrganizationBusinessName>
          <OrganizationTypeDesc>NON-PROFIT 501C</OrganizationTypeDesc>
          <RelationshipDescriptionTxt>ELM FOUNDATION INC IS A MAJOR SOURCE OF FINANCIAL SUPPORT TO CFT</RelationshipDescriptionTxt>
        </RelationshipScheduleDetail>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>INDIRECT ACCOUNTING FEES</CategoryTxt>
        <Amt>2898</Amt>
        <AdjustedNetIncomeAmt>2898</AdjustedNetIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc3">
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2005-06-30</AcquiredDt>
        <CostOrOtherBasisAmt>1234</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1234</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2019-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>1176</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1176</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>INVESTMENTS-CORPORATE STOCK</StockNm>
        <EOYBookValueAmt>731476</EOYBookValueAmt>
        <EOYFMVAmt>1254911</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc5">
      <USGovtObligationsBookVlEOYAmt>10000</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>11472</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc6">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>210 OZ OF GOLD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>200868</BookValueAmt>
        <EOYFMVAmt>433209</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DJS PROPERTY MANAGEMENT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>81493</BookValueAmt>
        <EOYFMVAmt>81493</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc7">
      <LandEtcGrp>
        <CategoryOrItemTxt>FIXED ASSETS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2410</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2410</AccumulatedDepreciationAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>GIFTS</Desc>
        <RevenueAndExpensesPerBooksAmt>261</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>261</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc9">
      <OtherIncomeDetail>
        <Desc>MARTIN MIDSTREAM PARTNERS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-11</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-11</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-11</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MARTIN MIDSTREAM PARTNERS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-29</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-29</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-29</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>POWERSHARES DB AGRICULTURE FU</Desc>
        <RevenueAndExpensesPerBooksAmt>368</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>368</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>368</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>POWERSHARES DB COMMODITY IND</Desc>
        <RevenueAndExpensesPerBooksAmt>-1871</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1871</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-1871</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="RetDoc10">
      <TaxesDetail>
        <CategoryTxt>TAXES</CategoryTxt>
        <Amt>2601</Amt>
        <AdjustedNetIncomeAmt>2601</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>436</Amt>
        <NetInvestmentIncomeAmt>436</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>436</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>GA CORPORATION FEES</CategoryTxt>
        <Amt>30</Amt>
        <AdjustedNetIncomeAmt>30</AdjustedNetIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>