TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2023

Open to Public Inspection

For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023

Name of foundation
ELMER O & IDA PRESTON EDUCATIONAL TRUST

Number and street (or P.O. box number if mail is not delivered to street address)801 GRAND AVE 3700
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
DES MOINES, IA50309

A Employer identification number

42-6053621

B Telephone number (see instructions)

(515) 246-5802

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$2,227,889J Accounting method: Cash Accrual
Other (specify)Hybrid
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	17		17
4	Dividends and interest from securities...	38,056		38,056
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		63,469
b	Gross sales price for all assets on line 6a 2,307,183
7	Capital gain net income (from Part IV, line 2)...			63,469
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	1,710	1,710	0
12	Total. Add lines 1 through 11........	103,252		103,252	0
13	Compensation of officers, directors, trustees, etc.	38,000		10,000	0	28,000
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	932	932	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	53,842	47,603	0	3,491
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	92,774		58,535	0	31,491
25	Contributions, gifts, grants paid.......	85,125				85,125
26	Total expenses and disbursements. Add lines 24 and 25	177,899		58,535	0	116,616
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-74,647
b	Net investment income (if negative, enter -0-)			44,717
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2023)

Form 990-PF (2023)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	53,881	61,885	61,885
	2	Savings and temporary cash investments.........	59,797	41,956	41,956
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule) 226,950
		Less: allowance for doubtful accounts 0	231,596	226,950	226,950
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	1,228,213	List of Attached Documents: // Content 947,714	1,136,295
	c	Investments—corporate bonds (attach schedule).......	143,503	List of Attached Documents: // Content 254,682	262,018
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	349,642	List of Attached Documents: // Content 467,625	498,785
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	2,066,632	2,000,812	2,227,889
	17	Accounts payable and accrued expenses..........	65,250	73,875
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	65,250	73,875
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	1,596,437	1,596,437
	27	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	28	Retained earnings, accumulated income, endowment, or other funds	404,945	330,500
	29	Total net assets or fund balances (see instructions).....	2,001,382	1,926,937
	30	Total liabilities and net assets/fund balances (see instructions).	2,066,632	2,000,812

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

2,001,382

Enter amount from Part I, line 27a .....................

-74,647

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

202

Add lines 1, 2, and 3 ..........................

1,926,937

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

1,926,937

Form 990-PF (2023)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	PERSHING I	P	2023-01-01	2023-12-31
b	PERSHING II	P	2023-01-01	2023-12-31
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	2,132,633	2,081,308	51,325
b	174,550	162,406	12,144
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			51,325
b			12,144
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	63,469
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	622
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	622
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	622
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	4,159
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	4,159
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,537
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax3,537	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

MR DAVID J PROCTOR Telephone no. right arrow

(515) 243-4191

Located at right arrow

801 GRAND AVE STE 3700DES MOINESIA ZIP+4 right arrow

50309

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2023)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2023? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2023?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2023.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

Yes

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
PROCTOR DAVID JW	TRUSTEE 2.00	28,000
801 GRAND AVE SUITE 3700 DES MOINES,IA50309	TRUSTEE 2.00	28,000
VAN VLEET CHRISTOPHER	TRUSTEE 1.00	5,000
801 GRAND AVE SUITE 3700 DES MOINES,IA50309	TRUSTEE 1.00	5,000
MORGAN MONICA L	TRUSTEE 1.00	5,000
801 GRAND AVE SUITE 3700 DES MOINES,IA50309	TRUSTEE 1.00	5,000

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	EDUCATIONAL LOANS TO INDIVIDUALS	39,250
2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

39,250

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,800,907

Average of monthly cash balances.......................

47,187

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,848,094

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,848,094

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

27,721

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

1,820,373

Minimum investment return. Enter 5% (0.05) of line 5................

91,019

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

91,019

Tax on investment income for 2022 from Part V, line 5.......

622

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

622

Distributable amount before adjustments. Subtract line 2c from line 1............

90,397

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

90,397

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

90,397

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

116,616

Program-related investments—total from Part VIII-B..................

39,250

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

155,866

Form 990-PF (2023)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2022	(c) 2022	(d) 2023
1 Distributable amount for 2023 from Part X, line 7					90,397
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......
b From 2019......
c From 2020......	82,869
d From 2021......	141,568
e From 2022......	61,732
f Total of lines 3a through e ........		286,169
4Qualifying distributions for 2023 from Part
XI, line 4: $ 155,866
a Applied to 2022, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....					90,397
e Remaining amount distributed out of corpus		65,469
5 Excess distributions carryover applied to 2023.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		351,638
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		351,638
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....	82,869
c Excess from 2021....	141,568
d Excess from 2022....	61,732
e Excess from 2023....	65,469

Form 990-PF (2023)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

MONICA MORGAN TRUSTEE
801 GRAND AVE STE 3700
DES MOINES,IA503092727
(515) 243-4191

bThe form in which applications should be submitted and information and materials they should include:

THE GRANT APPLICATION SHOULD INCLUDE ALL INFORMATION NECESSARY CONCERNING THE REASON OR PUROSE OF THE GRANT, LOAN, ETC. AND THE PARTIES TO CONTACT.

cAny submission deadlines:

APPLICATIONS FOR GRANTS/LOANS MAY BE SUBMITTED AT ANY TIME. SEE ATTACHED STATEMENT FOR MORE INFO.

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

SEE ATTACHED STATEMENT

Form 990-PF (2023)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
SIMON ALLEN 316 NW COLLEGE AVENUE 8 ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,000
CHRISTOPHER BARNETT 414 NW ARLAN DR APT 2 ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	3,000
NATHANIEL BAUM 418 NW ARLAN DR APT 1 ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,000
NICHOLE CARR 2873 KENT AVENUE GREENFIELD,IA50849	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,500
BRIANNA CARROLL 17914 140TH AVENUE PLANO,IA52581	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,375
DAVID CARROLL 17914 140TH AVENUE PLANO,IA52581	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,500
SAMANTHA CARROLL 17914 140TH AVENUE PLANO,IA52581	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,250
DAVID FARLOW 1900 NW FOURTH STREET ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,000
JORDAN FLINCK 316 NW COLLEGE AVENUE 8 ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,750
DANIEL LUEPKE 409 MAIN STREET PO BOX 371 FAIRFAX,IA52228	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,750
NATHAN PELLETIER 3268 STATE STREET DES MOINES,IA50317	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	3,000
LISA ROBINSON 305 SARAH AVENUE IOWA FALLS,IA50126	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	5,000
JONATHAN RYAN 110 CANON AVENUE MUSCATINE,IA52761	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,500
BERNICE STOUTES 333 WARTBURG PLACE 208 DUBUQUE,IA52003	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	5,000
LUKE TREIBER 2832 NW NORTH CREEK CIR ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	3,500
CHIYING WANG 1627 SW WHITE BURCH CIR ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,500
NICHOLE D'ONOFRIO 1859 DENVER DRIVE 5A DUBUQUE,IA52003	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,500
JOEL PENROD 4809 NE CRESTMOOR LANE ANKENY,IA50021	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,250
JOSIAH CHOI 351 NE 28TH STREET ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,500
ERIC LOCK 1879 DENVER DRIVE UNIT 7B DUBUQUE,IA52003	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	4,000
JOSEPH SCHUELLER 514 SE MICHAEL DRIVE ANKENY,IA50021	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,000
JUSTIN LUNDBERG 602 DANE COURT WILLIAMSBURG,IA52361	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	4,000
Total ................................. 3a				57,875

bApproved for future payment
SIMON ALLEN 316 NW COLLEGE AVENUE 8 ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,000
NICHOLE CARR 2873 KENT AVENUE GREENFIELD,IA50849	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,500
DAVID CARROLL 17914 140TH AVENUE PLANO,IA52581	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,500
SAMANTHA CARROLL 17914 140TH AVENUE PLANO,IA52581	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,250
DAVID FARLOW 1900 NW FOURTH STREET ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,000
JORDAN FLINCK 316 NW COLLEGE AVENUE 8 ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,750
DANIEL LUEPKE 409 MAIN STREET PO BOX 371 FAIRFAX,IA52228	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,250
LISA ROBINSON 305 SARAH AVENUE IOWA FALLS,IA50126	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	5,000
JONATHAN RYAN 110 CANON AVENUE MUSCATINE,IA52761	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,500
BERNICE STOUTES 333 WARTBURG PLACE 208 DUBUQUE,IA52003	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	5,000
LUKE TREIBER 2832 NW NORTH CREEK CIR ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,000
CHIYING WANG 1627 SW WHITE BURCH CIR ANKENY,IA50023	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,500
Total ................................. 3b				27,250

Form 990-PF (2023)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
aSTUDENT LOAN INTEREST					1,710
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	17
4 Dividends and interest from securities ....			14	38,056
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	63,469
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		101,542	1,710

13Total. Add line 12, columns (b), (d), and (e)..................

103,252

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
1(A)	REPAYMENT OF SCHOLARSHIP LOANS WITH INTEREST TO ENCOURAGE THE DEVELOPMENT OF CHARACTER AND ABILITY TO FOSTER HABITS OF FRUGALITY AND INDUSTRY ON THE PART OF THE BENEFICIARY

Form 990-PF (2023)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

ELMER O & IDA PRESTON EDUCATIONAL TRUST

EIN:

42-6053621

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AT&T INC GLOBAL NT 2.25% 02/01/32	4,566	4,964
AMERICAN ELEC PWR CO 5.75% 11/01/27	3,100	3,105
AMERICAN INTL GROUP INC SR 5.125%	4,727	5,086
BP CAP MKTS AMER INC 4.234% 11/6/28	2,998	2,983
BANK AMER CORP MED 3.974% 02/07/30	3,718	3,790
BANK AMER CORP MEDIUM TERM 2.592%	4,819	5,178
BANK AMER CORP SR NT 1.734% 7/22/27	4,469	4,583
BANK NEW YORK MELLON 5.834% 10/33	3,216	3,185
BANK OF NOVA SCOTIA 5.25% 6/12/28	3,014	3,048
BAXTER UNTL INC SR NT 2.539% 2/32	2,443	2,519
BROADCOM CORP/BORADCOM CAYMAN FIN	2,826	2,928
CBS CORP NEW GTD FXD 3.375% 2/15/28	4,490	4,564
CSX CORP ST NT 5.20% 11/15/33	2,994	3,134
CHENIERE CORPUS CHRISTI 5.875% 3/25	4,105	4,009
CIGNA CORP NEW SR NT 4.375% 10/28	2,894	2,974
CITIGROUP INC NT 4.412% 3/31/31	2,823	2,873
CONSTELLATION BRANDS 4.75% 05/09/32	2,941	2,994
DEERE JOHN CAP CORP MED TERM 4.70%	4,833	5,090
EQT CORP SR NT 6.125% 02/01/25	3,014	3,013
ECOLAB INC 5.25% 01/15/28	4,033	4,131
ENTERGY ARK LLC 5.15% 01/15/33	2,990	3,059
ENTERPRISE PRODS OPER 3.125% 7/29	2,703	2,809
FEDERAL HOME LN MTG POOL #SD8276	2,801	2,780
FIDELITY NATL INFORM 4.50% 7/15/25	2,950	2,970
FIDELITY NATL INFOMRATION 2.25%	4,708	5,078
FORD MTR CO LLC NT 4.95% 5/28/27	4,696	4,881
GENERAL MTRS INC NT 2.25% 10/14/31	4,639	5,062
GENERAL MTRS CO SR NT 6.8% 10/01/27	3,141	3,182
HCA INC GTD FXD RT SR 5.375% 9/1/26	3,038	3,015
HF SINCLAIR CORP SR 5.875% 4/1/26	4,995	5,052
HSBC HOLDINGS PLC 2.633% 11/07/25	2,903	2,925
HONEYWELL INTL INC 4.25% 01/15/29	2,959	3,008
HUMANA INC SR NT 2.150% 2/3/32	3,943	4,121
JPMORGAN CHASE & CO 2.580% 4/22/32	3,114	3,390
JPMORGAN CHASE & CO 3.960% 1/29/27	2,881	2,931
KEURIG DR. PEPPER INC SR 2.25% 3/31	4,725	5,114
KINDER MORGAN INC DEL 5.2% 6/1/33	2,889	2,988
L3HARRIS TECHNOLOGIES 4.4% 6/16/28	2,933	2,968
LAS VEGAS SANDS CORP ST NET 3.2%	2,913	2,942
LOWES COS INC SR NT 5.0% 04/15/30	2,911	2,987
MARATHON PETE CORP NT 4.7% 05/01/25	2,961	2,980
MICRON TECHNOLOGY INC 4.975% 2/6/26	2,996	2,999
MOLSON COORS BEVERAGE 3 . 0%07/15/26	2,800	2,875
MORGAN STANLEY SR 6.296% 10/18/28	3,134	3,145
MORGAN STANLEY SR NT 2.720% 7/22/25	2,909	2,951
MORGAN STANLEY SR NT 3.622% 4/1/31	4,318	4,609
MOSAIC CO NEW FXD RT 4.05% 11/15/27	2,877	2,927
NXP B V FUNDING 4.875 03/01/24	2,981	2,994
NXP B V/EXP EDG LLC 4.40% 6/1/27	3,948	3,950
NEWELL BRANDS INC NT 4.45% 04/01/26	2,884	2,960
NEXTERA ENERGY CAP HLDGS 1.84% 3/25	3,027	3,027
NISOURCE INC 5.25% 3/30/28	5,946	6,122
NORDSTROM INC SR NT 2.30% 4/8/24	4,929	4,932
OCCIDENTAL PETE CORP SR 5.5% 12/25	3,004	2,999
PACIFIC GAS & ELEC CO 6.10% 1/15/29	4,151	4,143
PEPSICO INC 1.95% 10/21/31	4,715	5,096
PERKINELMER INC SR NT 3.30% 9/15/29	3,496	3,634
RADIAN GROUP INC 4.5% 10/01/2024	2,895	2,961
REALTY INCOME CORP NT 3.95% 8/15/27	4,752	4,864
ROYAL BK CDA GLOBAL CORP NT 4.875%	3,024	3,007
SOUTHERN CO 5. 7%10/15/32 (3C0)	3,142	3,155
SUNOCO LOGISTICS PART 4.0% 10/01/27	2,803	2,890
SYSCO CORP GTD FXD RT 3.25% 7/15/27	3,789	3,827
T-MOBILE USA INC SR 3.875% 4/15/30	2,749	2,847
TRUIST FINL CORP MED 7.16% 10/30/29	4,120	4,325
UNITED TECHNOLOGIES 4.125% 11/16/28	2,910	2,932
VERISIGN INC 2.7% 6/15/31	4,730	5,153
VERIZON COMMUNICATION 3.15% 3/22/30	3,541	3,661
VIATRIS INC SR NT 1.650% 06/22/25	2,742	2,841
WEC ENERGY GROUP INC 5.6% 9/12/26	3,000	3,054
WELLS FARGO MED TERM 2.164% 2/11/26	2,823	2,888
WEYERHAEUSER CO NT 4.0% 04/15/30	2,742	2,861
WYNGHAM DESTINATIONS 5.65% 04/01/24	2,989	2,996

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

ELMER O & IDA PRESTON EDUCATIONAL TRUST

EIN:

42-6053621

Name of Stock	End of Year Book Value	End of Year Fair Market Value
AT&T . INCCOM (3C0) 173 UNITS	2,702	2,903
AT&T INC COM (5JM) 93 UNITS	1,453	1,561
ABBOTT LABS COM 38 UNITS	4,136	4,183
ABBOTT LABS COM (SJM) 4 UNITS	414	440
ACADEMY SPORTS & OUTDOORS INC (3CP) 33 UNITS	1,626	2,178
ACCENTURE PLC IRELAND CLASS SH(3C0) 8 UNITS	2,592	2,807
ACCENTURE PLC IRELAND CLASS SH (5JM) 4 UNITS	1,351	1,404
ACUITY BRANDS INC COM (3C0) 29 UNITS	4,675	5,940
ACUSHNET HLDGS CORP COM 59 UNITS	3,374	3,727
ADOBE SYS INC COM (3CO) 6 UNITS	2,623	3,580
AFLAC INC COM (3C0) 80 UNITS	4,833	6,600
AFLAC INC COM (5JM) 41 UNITS	2,500	3,383
ALIBABA GROUP HLDGS LTD (3C0) 24 UNITS	2,061	1,860
ALLISON TRANSMISSION HLDGS IN (3C0) 48 UNITS	2,315	2,791
ALLY FINL INC COM (TH8) 600 UNITS	30,548	20,952
ALPHABET INC CAP STK CL A (3CO) 66 UNITS	6,781	9,220
AMAZON COM INC (THB) 200 UNITS	33,731	30,388
AMAZON COM INC. ( 3C0) 27 UNITS	2,474	4,102
AMERICAN EXPRESS COMPANY (3C0) 41 UNITS	5,634	7,681
AMERICAN EXPRESS COMPANY (5JM) 31 UNITS	3,159	5,808
AMEGEN INC COM 24 UNITS	6,598	6,912
AMPHASTAR PHARMACEITUCALS INC 73 UNITS	3,742	4,515
APPLE INC COM 113 UNITS	14,202	21,756
APPLIED MATERIALS INC. (3C0) 52 UNITS	5,666	8,428
APPLIED MATLS INC COM (5JM) 12 UNITS	1,232	1,945
ARCH CAPITAL GROUP LTD (3C0) 55 UNITS	3,599	4,085
ARISTA NETWORKS INC COM (3CO) 26 UNITS	4,513	6,123
ARROW ELECTRS INC COM (3CO) 22 UNITS	2,710	2,690
ASSURANT INC COM (3CO) 23 UNITS	2,899	3,875
ATKORE INC ( 3C0) 28 UNITS	3,043	4,480
ATMOS ENERGY CORP COM (3C0)	3,368	3,477
AUTOMATIC DATA PROCESSING INC (3C0) 12 UNITS	2,014	2,796
AUTOMATIC DATA PROCESSING INC (5JM) 6 UNITS	902	1,398
AUTOZONE INC . ( 3CO) 1 UNIT	2,120	2,586
AXCELIS TECHNOLOGIES INC NEW (3C0) 61 UNITS	6,527	7,911
BNP PARIBAS SPONSORED ADR REP (3C0) 57 UNITS	1,768	1,980
BAE SYS PLC SPONSORED ADR (3C0) 92 UNITS	4,097	5,319
BANK AMER CORP COM (3C0) 147 UNITS	5,468	4,949
BANK AMER CORP COM (5JM) 77 UNITS	2,626	2,593
BLACKROCK INC COM{3C0) 3 UNITS	2,146	2,435
BLACKROCK INC COM (5JM) 8 UNITS	5,116	6,494
BLOCK H & R INC 67 UNITS	3,274	3,241
BROADCOM INC COM FKA BROADCOM LTD (3 11 UNITS	5,094	12,279
BROADCOM LTD SHS #SG9999901482(5JM) 7 UNITS	1,763	7,814
BUNGE GLOBAL SA ACT NOM USUN #CH130 26 UNITS	2,628	2,625
CGI INC CL A SUB VTG (3C0) 26 UNITS	2,512	2,799
CRH PLC ADR ( 3C0) 85 UNITS	3,915	5,879
CSX XORP COM (3C0)	2,647	2,739
CSX XORP COM (5JM)	1,408	1,456
CATALYST PHARMACEUTICALS INC (3C0) 189 UNITS	2,415	3,177
CATERPILLAR INC. {3C0) 10 UNITS	2,820	2,957
CATERPILLAR INC. {5JM) 2 UNITS	1,410	1,478
CENCORA INC F/K/A/AMERICOURCEBERGAN 20 UNITS	2,816	4,108
CHOE GLOBAL MKTS INC COM (3C0) 57 UNITS	7,644	10,178
CHECK POINT SOFTWARE TECHNOLOGY (3C0) 29 UNITS	2,846	4,431
CHEVRON CORP NEW COM (3C0) 32 UNITS	4,576	4,773
CHEVRON CORP NEW COM (5JM) 17 UNITS	2,672	2,536
CHUBB LTD COM (5JM) 10 UNITS	2,066	2,260
CHUBB LTD COM ISIN #CH00443287(3C0) 45 UNITS	8,881	10,170
CINTAS CORP COM (5JM) 10 UNITS	5,057	6,027
CISCO SYSTEMS INC. 85 UNITS	4,231	4,294
COCA COLA COMPANY ( 3CO) 50 UNITS	3,132	2,947
COCA COLA COMPANY (5JM) 25 UNITS	1,514	1,473
COCA-COLA EUROPACIFIC PARTNERS (3C0) 29 UNITS	1,864	1,935
COCA-COLA EURPOEAN PARTNERS (3C0) 12 UNITS	701	801
COMCAST CORP CL A 323 UNITS	12,598	14,164
COMCAST CORP CL A (TH8) 525 UNITS	29,724	23,021
CORE & MAIN INC COM CL A (3C0) 111 UNITS	3,355	4,486
COTERRA ENERGY INC COM (3C0) 142 UNITS	3,763	3,624
CRANE HLDGS CO COM (3CO) 59 UNITS	3,376	3,355
CURTISS WRIGHT CORP (3C0) 41 UNITS	7,408	9,134
DR HORTON INC. (3C0) 28 UNITS	2,344	4,255
DTMIDSTREAM INC COM ( 3C0) 31 UNITS	1,630	1,699
DANAHER CORP COM (3C0) 22 UNITS	4,937	5,089
DANAHER CORP COM (5JM) 8 UNITS	1,816	1,851
DECKERS OUTDOOR CORP COM (3C0) 7 UNITS	3,042	4,679
DEUTSCHE TELEKOM AG SPANS ADR (3C0) 146 UNITS	3,386	3,523
DISNEY WALT CO DISNEY COM (3C0) 46 UNITS	5,029	4,153
DISNEY WALT CO DISNEY COM (5JM) 27 UNITS	3,153	2,438
DOCUSIGN INC COM (TH8) 125 UNITS	26,490	7,431
DUKE ENERGY CORP NEW COM NEW (3C0) 24 UNITS	2,676	2,329
DUKE ENERGY CORP NEW COM NEW (5JM} 12 UNITS	1,367	1,164
EAGLE MATERIALS INC COM (3C0) 37 UNITS	4,630	7,505
EAST WEST BANCORP INC COM (3C0} 37 UNITS	2,690	2,662
ELEMENT SOLUTIONS INC COM (3C0) 127 UNITS	2,685	2,939
ELEMENT SOLUTIONS INC COM (5JM} 69 UNITS	1,487	1,597
ELEVANCE HEALTH INC COM (3C0) 8 UNITS	3,767	3,772
EMCORE GROUP INC. (3C0} 51 UNITS	7,316	10,987
ENSIGN GROUP INC COM (3C0) 74 UNITS	6,467	8,304
EPLUS INC COM (3C0) 59 UNITS	3,270	4,711
ERSTE BK GROUP AG SPONS ADR (3C0) 70 UNITS	1,207	1,431
ESSENTIAL PPTYS RITY TR INC (3C0) 103 UNITS	2,438	2,633
EVERCORE INC CL A (3CO) 41 UNITS	3,874	7,013
EVEREST GROUP LTD SHS ISIN #BMG322R 8 UNITS	3,133	2,829
EVERTEC INC COM (3C0) 88 UNITS	3,224	3,603
EXXON MOBIL CORP COM (3C0) 76 UNITS	6,057	7,598
EXXON MOBIL CORP COM {5JM) 39 UNITS	3,624	3,899
FEDERATED HERMS INC CL B (3C0) 88 UNITS	3,213	3,352
FERGUSON PLC NEW (3CO) 17 UNITS	2,228	3,282
FIFTH THIRD BANCORP COM 154 UNITS	5,255	5,311
FISERY INC COM (3C0) 31 UNITS	3,689	4,118
FLEX LTD ORD SHS ISIN #SG9999 (3C0) 149 UNITS	3,216	4,539
FORTIVE CORP COM (3C0) 62 UNITS	4,298	4,565
FORTIVE CORP COM (5JM) 32 UNITS	2,388	2,356
FOX CORP CL A COM (3C0) 173 UNITS	5,196	5,133
GSK PLC ( 3C0) 138 UNITS	4,858	5,114
GENERAL DYNAMICS CORP COM (3CO) 10 UNITS	2,380	2,597
GENERAL DYNAMICS CORP COM (5JM) 6 UNITS	1,425	1,558
GENERAL MTRS CO COM (3C0) 66 UNITS	2,736	2,371
GENERAL MTRS CO COM (5JM) 33 UNITS	1,368	1,185
GENTEX CORP COM (3C0) 139 UNITS	4,140	4,540
GOLDMAN SACHS GROUP INC COM (3C0) 11 UNITS	3,954	4,243
GOLDMAN SACHS GROUP INC COM (5JM) 6 UNITS	2,159	2,315
GRUPO FINANCIERO BANORTE SAB (3C0) 62 UNITS	2,390	3,113
HSBC HLDGS PLC SPONS ADR NEW (3C0) 88 UNITS	3,175	3,568
HALLIBURTON CO COM (3CO) 87 UNITS	3,119	3,145
HOME DEPOT INC COM 14 UNITS	3,558	4,852
INC GROEP NV ADR 239 UNITS	3,350	3,590
IBERDROLA SA SPONSORED ADR (3C0) 110 UNITS	4,872	5,775
ICON PLC LTD SHS 11 UNITS	2,561	3,114
IMPERIAL OIL LTD COM (3C0) 44 UNITS	2,396	2,516
INFINEON TECHNOLOGIES AG (3C0) 53 UNITS	1,756	2,218
INTEGER HLDGS CORP COM (3C0) 49 UNITS	3,964	4,855
INTEL CORP COM (3C0) 105 UNITS	3,522	5,276
INTEL CORP COM (5JM) 40 UNITS	1,324	2,010
INTERNATIONAL MONEY EXPRESS (3C0) 128 UNITS	2,582	2,828
JP MORGAN CHASE & CO COM (3C0) 132 UNITS	16,185	22,453
JOHNSON & JOHNSON COM 55 UNITS	9,159	8,621
KUBOTA CORP ADR FORMERLY KUBOT(3C0) 47 UNITS	3,237	3,519
LANTHEUS HLDGS INC COM (3C0) 64 UNITS	3,806	3,968
LILLY ELI & CO COM (3C0) 9 UNITS	2,685	5,246
LILLY ELI & CO COM (5JM) 3 UNITS	764	1,749
LINDE PLC SH ISIN #IE00BZ12WP8(3C0) 8 UNITS	2,526	3,286
LINDE PLC SH ISIN #IE00BZ12WP8(5JM) 12 UNITS	2,808	4,929
LULULEMON ATHLETICS INC COM (3C0) 8 UNITS	3,309	4,090
MGP INGREDIENTS INC NEW COM 71 UNITS	6,798	6,995
MARATHON OIL CORP COM 101 UNITS	2,557	2,440
MAZDA MTR CORP (3C0) 765 UNITS	3,670	4,070
MCDONALDS CORP (3C0) 12 UNITS	2,923	3,558
MCDONALDS CORP (5JM) 6 UNITS	1,321	1,779
MCKESSON CORP COM (3C0) 10 UNITS	3,568	4,630
MERCK & CO INC NEW (5JM) 18 UNITS	1,611	1,962
MERCK & CO INC NEW COM 69 UNITS	6,711	7,522
META PLATFORMS INC CL A {3C0) 27 UNITS	4,551	9,557
MICROSOFT CORPORATION 74 UNITS	17,466	27,827
MIDDLEBY CORP COM (3C0) 37 UNITS	3,819	3,974
MITSUI & CO LTD ADR (3C0) 6 UNITS	3,368	4,488
MOLINA HEALTHCARE INC COM (3C0) 13 UNITS	4,157	4,697
MOLSON COORS BEVERAGE CO CL B (3C0) 57 UNITS	3,384	3,489
MORGAN STANLEY COM NEW (3CO) 71 UNITS	6,516	6,621
MORGAN STANLEY COM NEW (5JM) 24 UNITS	2,215	2,238
NXP SEMICONDUCTORS NV COM (3C0) 9 UNITS	1,513	2,067
NETAPP INC. COM 31 UNITS	2,770	2,733
NETEASE INC SPONSORED ADR 6 UNITS	616	559
NETEASE INC SPONSORED ADR (3C0) 18 UNITS	1,847	1,677
NEXTERA ENERGY INC COM 214 UNITS	15,998	12,998
NINTENDO LTD ADR 296 UNITS	3,413	3,845
NIPPON TELEG & TELEPHONE CORP (3C0) 94 UNITS	2,673	2,864
NORTHWEST NATL HLDG CO COM (3C0) 46 UNITS	2,051	1,791
NOVARTIS AG SPONSORED ADR 34 UNITS	3,213	3,433
NOVIDIA CORP COM (3C0) 14 UNITS	6,401	6,933
NOVO NORDISK A.S. ADR FORMERLY(3C0) 49 UNITS	3,320	5,069
NVENT ELECTRIC PLC ( 3C0) 124 UNITS	3,828	7,327
NVENT ELECTRIC PLC (5JM) 73 UNITS	1,524	4,314
OSI SYS INC COM 22 UNITS	2,597	2,839
OMNICOM GROUP INC COM ( 3C0) 36 UNITS	2,604	3,114
OMNICOM GROUP INC COM (5JM) 20 UNITS	1,630	1,730
OWENS CORNING NEW COM (3C0) 41 UNITS	4,910	6,077
PPG INDS INC COM (5JM) 3 UNITS	429	449
PPG INDUSTRIES INC 28 UNITS	3,874	4,187
PT BK MANDIRI PERSERO TBK (3C0) 88 UNITS	1,172	1,384
PAGSEGURO DIGITAL LTD REGISTERED 24 UNITS	296	299
PARKER-HANNIFIN CORP COM (3C0) 21 UNITS	7,106	9,675
PARKER-HANNIFIN CORP COM (5JM) 13 UNITS	3,767	5,989
PENTAIR PLC SHS 50 UNITS	3,009	3,636
PENTAIUR PLC SHS (5JM) 95 UNITS	5,761	6,907
PEPSICO INC COM 23 UNITS	3,725	3,906
PHILIP MORRIS INTL INC COM (3C0) 40 UNITS	3,687	3,763
PHILIP MORRIS INTL INC COM(SJM) 21 UNITS	1,985	1,976
PHOTRONICS INC COM (3CO) 204 UNITS	4,237	6,399
POPULAR INC COM NEW 34 UNITS	2,480	2,790
PROCTOR & GAMBLE CO COM 42 UNITS	5,741	6,155
PUBLICIS SA NEW SPONS ADR (3C0) 178 UNITS	2,831	4,127
PULTEGROUP INC COM (3CO) 83 UNITS	3,862	8,567
PULTEGROUP INC. (5JM) 32 UNITS	1,867	3,303
S&P GLOBAL INC COM (3C0) 13 UNITS	4,817	5,727
S&P GLOBAL INC COM (5JM) 8 UNITS	2,728	3,524
SM ENERGY CO COM (3C0) 49 UNITS	1,861	1,897
SCHLUMBERGER LTD COM ISIN#AN8068571 31 UNITS	1,255	1,613
SEKISUI HOUSE LTD SPONSORED ADR 209 UNITS	3,980	4,638
SIEMENS A G SPONSORED ADR (5JM) 15 UNITS	1,217	1,403
SIEMENS A G SPONSORED ADR (3C0)) 65 UNITS	5,064	6,080
SNAP ON INC COM (3C0) 33 UNITS	7,384	9,532
SOUTHERN CO COM (3C0) 60 UNITS	4,068	4,207
SOUTHERN CO COM (SJM) 30 UNITS	1,828	2,103
SPROUTS FMRS MKT INC COM (3C0) 113 UNITS	4,108	5,436
STARBUCKS CORP COM (3C0) 63 UNITS	5,814	6,049
STARBUCKS CORP COM (5JM) 41 UNITS	3,790	3,936
STRYKER CORP (3C0) 15 UNITS	3,214	4,492
STRYKER CORP (SJM) 8 UNITS	1,820	2,396
SUMMUT MATIS INC CL A (3C0) 97 UNITS	3,470	3,731
SUNCOR ENERGY INC NEW COM (3C0) 101 UNITS	3,406	3,236
T-MOBILE US INC COM (3C0) 20 UNITS	2,763	3,207
TAIWAN SEMICONDUCTOR MFG CO (3C0) 44 UNITS	3,947	4,576
TENCENT HLDGS LTD ADR ISIN (3C0) 77 UNITS	3,249	2,910
TESLA INC COM (3C0) 6 UNITS	1,539	1,491
TEXAS INSTRUMENTS INC. 24 UNITS	3,697	4,091
TOYOTA MTR CO SPON ADR 27 UNITS	4,791	4,951
UFP INDS INC COM (3C0) 44 UNITS	3,483	5,524
ULTA BEAUTY INC COM (3C0) 9 UNITS	4,194	4,410
UNION PACIFIC 175 UNITS	1,363	42,984
UNITED THERAPEUTICS CORP DEL (3C0) 30 UNITS	6,962	6,597
UNITEDHEALTH GROUP INC COM 24 UNITS	10,047	12,635
VALE S A ADR ISIN #US91912E105 (3C0) 244 UNITS	3,665	3,870
VALERO ENERGY CORP NEW (3C0) 38 UNITS	4,819	4,940
VALERO ENERGY CORP NEW (5JM) 19 UNITS	2,467	2,470
VERIZON COMMUNICATIONS INC COM 84 UNITS	2,894	3,167
VINCI S A ADR (3C0) 157 UNITS	4,445	4,952
VIPSHOP HLDGS LTD SPONS ADR {3C0) 277 UNITS	3,471	4,920
VISA INC COM CL A (5JM) 24 UNITS	5,156	6,248
VISA INC NEW CL B {3CO) 28 UNITS	5,548	7,290
WEX INC 19 UNITS	3,305	3,696
WAL MART STORES INC COM (3C0) 27 UNITS	3,750	4,257
WAL MART STORES INC COM (5JM) 2 UNITS	276	315
WASTE MGMT INC DEL COM {3C0) 15 UNITS	1,833	2,687
WASTE MGMT INC DEL COM (5JM) 7 UNITS	772	1,254
WELLS FARGO & CO NEW COM {3C0) 106 UNITS	4,693	5,217
WELLS FARGO & CO NEW COM (5JM) 55 UNITS	2,380	2,707
WILLIAMS SONOMA INC COM {3C0) 56 UNITS	7,983	11,300
WILLIAMS SONOME INC COM (5JM) 5 UNITS	719	1,009
WINTRUST FINL CORP COM {3C0) 44 UNITS	3,569	4,081

- TIN:

TY 2023 InvestmentsOtherSchedule2

Name:

ELMER O & IDA PRESTON EDUCATIONAL TRUST

EIN:

42-6053621

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ISHARES TR CORE MSCI TOTAL INTL STK 1060 UNITS	AT COST	64,183	68,826
ISHARES TR CORE S&P SMALL-CAP ETF 452 UNITS	AT COST	42,150	48,929
ISHARES TR IBOXX $ HIGH YIELD CORP 329 UNITS	AT COST	24,429	25,461
ISHARES TR MSCI UAS MINIMUM VOLATIL 89 UNITS	AT COST	6,471	6,945
ISHARES TR RUSSELL 2000 GROWTH INDE 21 UNITS	AT COST	4,513	5,297
SCHWAB STRATEGIC TR SCHWAB US LARGE 445 UNITS	AT COST	23,613	27,563
SCHWAB STRATEGIC TR US LARGE CAP GR 255 UNITS	AT COST	15,913	21,155
SPDR SER TR BLOOMBERG HIGH YIELD BD 121 UNITS	AT COST	11,011	11,462
SPDR SER TR PORTFOLI S&P 500 (SPLG) 1901 UNITS	AT COST	97,292	106,266
SPDR SER TR S&P 400 MID CAP GROWTH 155 UNITS	AT COST	10,075	11,729
SPDR SER TR S&P 400 MID VALUE (3C0) 162 UNITS	AT COST	9,921	11,888
SPDR SER TR S&P 600 SMALL CAP VALUE 66 UNITS	AT COST	4,626	5,498
SPDR SER TR SHORT TERM HIGH YIELD B 98 UNITS	AT COST	2,397	2,464
VANGUARD INTL EQUITY INDEX ALL WORL 269 UNITS	AT COST	28,511	30,943
AMERICAN TOWER CORP NEW COM (3C0) 23 UNITS	AT COST	4,837	4,965
AMERICAN TOWER CORP NEW COM (5JM) 9 UNITS	AT COST	2,018	1,943
FEDERAL RLTY INVT TR NEW COM (3C0) 104 UNITS	AT COST	10,860	10,717
FEDERAL RLTY INVT TR NEW COM (SJM) 50 UNITS	AT COST	5,536	5,153
NAVIGATOR TACTICAL FIXED INCOME FD 4166 UNITS	AT COST	39,141	40,614
PACIFIC OAK STRATEGIC OPP REIT 5235 UNITS	AT COST	51,672	42,036
PROLOGIS INC COM (5JM) 16 UNITS	AT COST	1,878	2,133
PRO"IOGISINC COM (3C0) 51 UNITS	AT COST	6,578	6,798

- TIN:

TY 2023 OtherExpensesSchedule

Name:

ELMER O & IDA PRESTON EDUCATIONAL TRUST

EIN:

42-6053621

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
ADMINISTRATIVE EXPENSE	3,491	0	3,491
INVESTMENT INTEREST EXPENSE	12	12	0
MANAGEMENT FEES	26,074	26,074	0
MISCELLANEOUS EXPENSE	2,748	0	0
ADVISORY FEES	21,517	21,517	0

- TIN:

TY 2023 OtherIncomeSchedule2

Name:

ELMER O & IDA PRESTON EDUCATIONAL TRUST

EIN:

42-6053621

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
STUDENT LOAN INTEREST	1,710	1,710	0

- TIN:

TY 2023 OtherIncreasesSchedule

Name:

ELMER O & IDA PRESTON EDUCATIONAL TRUST

EIN:

42-6053621

Description	Amount
NONDIVIDEND DISTRIBUTIONS	202

- TIN:

TY 2023 TaxesSchedule

Name:

ELMER O & IDA PRESTON EDUCATIONAL TRUST

EIN:

42-6053621

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES PAID	932	932	0	0