﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2019v5.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2020-03-30T08:24:20-07:00</ReturnTs>
    <TaxPeriodEndDt>2020-01-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>264061548</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Elissa Kirkegard CPA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>3884 Stump Road</AddressLine1Txt>
        <CityNm>Doylestown</CityNm>
        <StateAbbreviationCd>PA</StateAbbreviationCd>
        <ZIPCd>18902</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2019-02-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>237751390</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>M Verna Butterer Educational Trust</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>MVER</BusinessNameControlTxt>
      <PhoneNum>2152490503</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO Box 273</AddressLine1Txt>
        <CityNm>Fountainville</CityNm>
        <StateAbbreviationCd>PA</StateAbbreviationCd>
        <ZIPCd>18923</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Suzanne Barnhurst</PersonNm>
      <PersonTitleTxt>Trustee</PersonTitleTxt>
      <SignatureDt>2020-03-30</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Elissa J Kirkegard</PreparerPersonNm>
      <PTIN>P01224798</PTIN>
      <PhoneNum>2152490440</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2019</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation BinaryAttachment.1" softwareId="19009920" softwareVersionNum="2019v5.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>7544365</FMVAssetsEOYAmt>
      <MethodOfAccountingOtherInd methodOfAccountingOtherDesc="Modified Cash">X</MethodOfAccountingOtherInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>11131</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>11131</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>241983</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>241983</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>115718</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>568293</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>115718</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">500</OtherIncomeRevAndExpnssAmt>
        <TotalRevAndExpnssAmt>369332</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>368832</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>68940</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>68940</CompOfcrDirTrstDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule">506</LegalFeesRevAndExpnssAmt>
        <LegalFeesDsbrsChrtblAmt>506</LegalFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">7300</TaxesRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">3956</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>3956</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>80702</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>73402</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>188831</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>188831</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>269533</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>262233</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>99799</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>368832</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>403843</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>779476</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>779490</SavAndTempCashInvstEOYFMVAmt>
        <OtherNtsAndLoansRcvblAmt>1185436</OtherNtsAndLoansRcvblAmt>
        <OtherNtsAndLoansRcvblBOYAmt>1206473</OtherNtsAndLoansRcvblBOYAmt>
        <OtherNtsAndLoansRcvblEOYAmt referenceDocumentId="OtherNotesLoansReceivableShort">1185436</OtherNtsAndLoansRcvblEOYAmt>
        <OtherNtsAndLoansRcvblEOYFMVAmt>1185436</OtherNtsAndLoansRcvblEOYFMVAmt>
        <CorporateStockBOYAmt>1401734</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">1401734</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1612944</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>3481757</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestmentsCorpBondsSchedule">3226948</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>3966495</CorporateBondsEOYFMVAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSchedule">3</OtherAssetsEOYAmt>
        <TotalAssetsBOYAmt>6493807</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>6593597</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>7544365</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="OtherLiabilitiesSchedule">9</OtherLiabilitiesBOYAmt>
        <TotalLiabilitiesBOYAmt>9</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>5475775</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>5500197</CapitalStockEOYAmt>
        <RetainedEarningBOYAmt>1018023</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>1093400</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>6493798</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>6593597</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>6493807</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>6593597</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>6493798</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>99799</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>6593597</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>6593597</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY - DETAILS ON FILE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-01-01</AcquiredDt>
          <SoldDt>2019-01-05</SoldDt>
          <GrossSalesPriceAmt>568293</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>452575</CostOrOtherBasisAmt>
          <GainOrLossAmt>115718</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>115718</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>115718</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>421946</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>5895909</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.07157</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>419206</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>5990340</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.06998</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>417776</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>5690579</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.07342</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>422618</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>5777636</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.07315</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>442847</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>5860980</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.07556</DistributionYr5Rt>
        <TotalDistributionRt>0.363667</TotalDistributionRt>
        <AverageDistributionRt>0.072733</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>6106471</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>444142</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>3688</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>447830</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>451064</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>3688</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>3688</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>3688</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>7649</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>7649</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>3961</OverpaymentAmt>
        <AppliedToESTaxAmt>3961</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>PA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>BUTTERER.ORG</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>Elissa J Kirkegard Admin</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2152490503</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO Box 273</AddressLine1Txt>
          <CityNm>Fountainville</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>189230273</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>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <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>Suzanne Barnhurst</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO Box 273</AddressLine1Txt>
            <CityNm>Fountainville</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18923</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>5000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Miriam M Reimel</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO Box 723</AddressLine1Txt>
            <CityNm>Fountainville</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18923</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>5000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Elissa J Kirkegard</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO Box 273</AddressLine1Txt>
            <CityNm>Fountainville</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18923</ZIPCd>
          </USAddress>
          <TitleTxt>Administrator</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>30.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>53940</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Shannon E Jefferson-Stellato</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO Box 273</AddressLine1Txt>
            <CityNm>Fountainville</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18923</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>5000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>For every scholarship/loan awarded, 50% is a gift (reported on Part I, Line 25 in the year paid) and 50% is a loan to be repaid five years after graduation or funding from the trust whichever shall occur first (See Loans Receivable for total outstanding loans at 1/31) This represents 50% of the scholarships/loans paid from 2/1 to 1/31 of this fiscal year.</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>5513285</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>686178</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>6199463</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>6199463</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>92992</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>6106471</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>305324</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>305324</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>3688</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>3688</TotalTaxAmt>
        <DistributableBeforeAdjAmt>301636</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>209868</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>511504</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>511504</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>262233</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>188831</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>451064</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>3688</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>447376</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>511504</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>43267</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>451064</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>43267</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>407797</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>103707</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>M VERNA BUTTERER EDUCATIONAL TRUST</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 273</AddressLine1Txt>
            <CityNm>FOUNTAINVILLE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18923</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2152490503</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>The form in which application should be submitted is available through public and private high school guidance departments as well as colleges and universities in Bucks County.The Educational Trust distributes applications by mail to any individual that makes the request.The application form is attached hereto and now available on line at the website of the organization.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>MARCH 15</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>Restricted to Bucks County, PA needy residents</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BOSTON COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO SCHLOO</AddressLine1Txt>
            <CityNm>CHESTNUT HILL</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02467</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>4948</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BOSTON UNIVERSITY SCHOOL OF MEDICIN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO DAMICO</AddressLine1Txt>
            <CityNm>BOSTON</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02215</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BRYN MAWR COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO ADNANE</AddressLine1Txt>
            <CityNm>BRYN MAWR</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19010</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>801</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CEDAR CREST COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO YAUN</AddressLine1Txt>
            <CityNm>ALLENTOWN</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18104</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>4916</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DELAWARE VALLEY UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO BAILEY WEBER ROTE</AddressLine1Txt>
            <CityNm>DOYLESTOWN</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18901</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>6462</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DREXEL UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO TOWNSEND QIN</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>6999</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DUQUESNE UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO MC ILHINNEY</AddressLine1Txt>
            <CityNm>PITTSBURGH</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>15282</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FASHION INSTITUTE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARHSIP FBO OMESI</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10001</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>5500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FRANKLIN MARSHALL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO SCHICK</AddressLine1Txt>
            <CityNm>LANCASTER</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>17603</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>946</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GWYNEDD MERCY UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO JALOWIEC</AddressLine1Txt>
            <CityNm>GWYNEDD VALLEY</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19437</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MESSIAH COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO GEIB</AddressLine1Txt>
            <CityNm>GRANTHAM</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>17027</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>2725</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF FLORIDA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO KUSTERS</AddressLine1Txt>
            <CityNm>GAINVESVILLE</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32611</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>3500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF MICHIGAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO YEGER</AddressLine1Txt>
            <CityNm>ANN ARBOR</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48109</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PENN STATE UNIVERSITY SCHOLARSHIPS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>FBO MULTIPLE RECIPIENTS</AddressLine1Txt>
            <CityNm>UNIVERSITY PARK</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>16802</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>14984</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF VERMONT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO WALI</AddressLine1Txt>
            <CityNm>BURLINGTON</CityNm>
            <StateAbbreviationCd>VT</StateAbbreviationCd>
            <ZIPCd>05405</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ROCHESTER INSTITUTE OF TECHNOLOGY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIPS FBO MILLER</AddressLine1Txt>
            <CityNm>ROCHESTER</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14623</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>6244</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF TAMPA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO MULTIPLE RECIPIENTS</AddressLine1Txt>
            <CityNm>TAMPA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33606</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>3700</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ROWAN UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO THARAKAN</AddressLine1Txt>
            <CityNm>GLASSBORO</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08028</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TEMPLE UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCH FBO MULTIPLE RECIPIENTS</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19182</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>11779</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF PITTSBURGH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO MULTIPLE RECIPIENTS</AddressLine1Txt>
            <CityNm>PITTSBURGH</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>15264</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>13270</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF VIRGINIA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO ZULUAGA</AddressLine1Txt>
            <CityNm>CHARLOTTESVILLE</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22904</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>2923</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WAYNESBURG UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO HAINES</AddressLine1Txt>
            <CityNm>WAYNESBURG</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19370</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>1715</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WIDENER UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO BROWN ROBINSON</AddressLine1Txt>
            <CityNm>CHESTER</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19013</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTIONOF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BROWN UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO FORMICOLA</AddressLine1Txt>
            <CityNm>PROVIDENCE</CityNm>
            <StateAbbreviationCd>RI</StateAbbreviationCd>
            <ZIPCd>02912</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTION OF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CORNELL UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO REPISKY</AddressLine1Txt>
            <CityNm>ITHACA</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14851</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTION OF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>5332</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FAIRLEIGH DICKINSON UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO PINTO</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07940</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTION OF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>1170</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MORAVIAN COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO SKIBO STEERE</AddressLine1Txt>
            <CityNm>BETHLEHEM</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>18018</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTION OF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>8075</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SUNY POTSDAM</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO STRADER</AddressLine1Txt>
            <CityNm>POTSDAM</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13676</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTION</GrantOrContributionPurposeTxt>
          <Amt>2385</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SYRACUSE UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO WENSKOSKI</AddressLine1Txt>
            <CityNm>SYRACUSE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13244</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTION OF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>212</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF DELAWARE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO ZICHERMAN</AddressLine1Txt>
            <CityNm>WILMINGTON</CityNm>
            <StateAbbreviationCd>DE</StateAbbreviationCd>
            <ZIPCd>19716</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTION OF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF ROCHESTER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO EISOLD</AddressLine1Txt>
            <CityNm>ROCHESTER</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14627</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLASHIP PORTION OF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>3245</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF TEXAS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO SHOTZ</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78713</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTION OF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>URSINUS COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SCHOLARSHIP FBO MACHADO</AddressLine1Txt>
            <CityNm>COLLEGEVILLE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19426</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PORTION OF AWARD FOR EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>188831</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <ProgramServiceRevPartVIIGrp>
          <Desc>Document Preparation Fee</Desc>
          <ExclusionCd>3</ExclusionCd>
          <ExclusionAmt>500</ExclusionAmt>
        </ProgramServiceRevPartVIIGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>11131</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>241983</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>115718</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>253614</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>115718</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>369332</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>The mutual fund investment distributes long term capital gains each year.</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>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <InvestmentsCorporateBondsGrp>
        <BondNm>MORGAN STANLEY CORP BONDS DETAIL ON FILE</BondNm>
        <EOYBookValueAmt>3226948</EOYBookValueAmt>
        <EOYFMVAmt>3966495</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY STOCKS DETAILS ON FILE</StockNm>
        <EOYBookValueAmt>1401734</EOYBookValueAmt>
        <EOYFMVAmt>1612944</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>506</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>506</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <OtherAssetsScheduleGrp>
        <Desc>Rounding</Desc>
        <EOYBookValueAmt>3</EOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <OtherExpensesScheduleGrp>
        <Desc>Advertising</Desc>
        <RevenueAndExpensesPerBooksAmt>150</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>150</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Bank Charge</Desc>
        <RevenueAndExpensesPerBooksAmt>8</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>8</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Dues</Desc>
        <RevenueAndExpensesPerBooksAmt>750</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Liability Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>1538</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1538</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office Supplies</Desc>
        <RevenueAndExpensesPerBooksAmt>1130</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1130</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Postage Expense</Desc>
        <RevenueAndExpensesPerBooksAmt>380</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>380</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="19009920" softwareVersionNum="2019v5.0">
      <OtherIncomeDetail>
        <Desc>Document Preparation Fee</Desc>
        <RevenueAndExpensesPerBooksAmt>500</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <TaxesDetail>
        <CategoryTxt>Estimated Deposits</CategoryTxt>
        <Amt>7300</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>