TY 2024 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

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024

Name of foundation
CUNDIFF SCHOLARSHIP TRUST

Number and street (or P.O. box number if mail is not delivered to street address)201 CLOCK TOWER DRIVE
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
EAST PEORIA, IL61611

A Employer identification number

87-6710340

B Telephone number (see instructions)

(309) 407-3910

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

$2,909,145J Accounting method: Cash Accrual
Other (specify)
(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)	245,865
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	75,960		75,960
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		631,909
b	Gross sales price for all assets on line 6a 1,762,054
7	Capital gain net income (from Part IV, line 2)...			631,909
8	Net short-term capital gain.........				0
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).......
12	Total. Add lines 1 through 11........	953,734		707,869
13	Compensation of officers, directors, trustees, etc.	21,709		16,282		5,427
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....					0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	1,406	584		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	33
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	23,148		16,866	0	5,427
25	Contributions, gifts, grants paid.......	116,562				116,562
26	Total expenses and disbursements. Add lines 24 and 25	139,710		16,866	0	121,989
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	814,024
b	Net investment income (if negative, enter -0-)			691,003
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

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.............
	2	Savings and temporary cash investments.........	73,755	162,030	162,030
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	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)
		Less: allowance for doubtful accounts 0
	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).......	1,391,081	List of Attached Documents: // Content 1,841,024	2,152,873
	c	Investments—corporate bonds (attach schedule).......	318,190	List of Attached Documents: // Content 565,408	568,034
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........		List of Attached Documents: // Content 26,653	26,208
	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)	1,783,026	2,595,115	2,909,145
	17	Accounts payable and accrued expenses..........
	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).........		0
		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........	1,783,026	2,595,115
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	1,783,026	2,595,115
	30	Total liabilities and net assets/fund balances (see instructions).	1,783,026	2,595,115

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) ...............

1,783,026

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

814,024

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

List of Attached Documents:

// Content

106

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

2,597,156

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

2,041

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

2,595,115

Form 990-PF (2024)

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.)		(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	217. AMEREN CORP COM	1990-01-01	2024-01-23
b	1100. BERKSHIRE HATHAWAY INC DEL CL B NEW	2018-09-06	2024-01-23
c	1097. BERKSHIRE HATHAWAY INC DEL CL B NEW	2018-09-06	2024-01-23
d	900. BRISTOL-MYERS SQUIBB CO COM	2012-04-20	2024-01-23
e	750. BRISTOL-MYERS SQUIBB CO COM	2004-07-27	2024-01-23
	2500. CSX CORP COM	2018-09-06	2024-01-23
	519. CHEVRON CORP NEW COM	1990-01-01	2024-01-23
	747. CISCO SYS INC COM	2018-09-06	2024-01-23
	150. EXXON MOBIL CORP COM	1990-01-01	2024-01-23
	5. WEATHERFORD INTL PLC ORD SHS	2023-12-12	2024-01-23
	25000. RTX CORPORATION GLBL NT 3.2%24	2023-07-11	2024-03-15
	75. TEXAS INSTRS INC COM	2024-01-23	2024-03-18
	25000. AMGEN INC SR GLBL NT 24	2023-07-18	2024-05-22
	.5377 CONSTELLATION ENERGY CORP COM	2018-09-10	2024-05-23
	.129 CONSTELLATION ENERGY CORP COM	2018-09-06	2024-05-23
	300. BRISTOL-MYERS SQUIBB CO COM	2016-09-21	2024-05-31
	100. BRISTOL-MYERS SQUIBB CO COM	2012-04-20	2024-05-31
	25000. TARGET CORP SR GLBL NT3.5%24	2023-07-19	2024-07-01
	125. EASTMAN CHEM CO COM	2024-01-23	2024-07-25
	550. ENBRIDGE INC COM	2024-01-23	2024-07-26
	355. AMERICAN INTL GROUP INC COM NEW	2024-01-23	2024-10-31
	100. APOLLO GLOBAL MGMT INC COM	2023-06-30	2024-12-26
	4.657 BANK AMERICA CORP COM	2019-03-29	2024-12-26
	6.325 BANK AMERICA CORP COM	2018-12-28	2024-12-26
	5.218 BANK AMERICA CORP COM	2018-09-28	2024-12-26
	507.8 BANK AMERICA CORP COM	2018-09-06	2024-12-26
	140. COMCAST CORP NEW CL A	2024-01-23	2024-12-26
	450. COMCAST CORP NEW CL A	2023-06-30	2024-12-26
	90. DUPONT DE NEMOURS INC COM	1990-01-01	2024-12-26
	347. HOME DEPOT INC COM	2018-09-06	2024-12-26
	3.58 JPMORGAN CHASE & CO. COM	2019-04-30	2024-12-26
	4.889 JPMORGAN CHASE & CO. COM	2019-01-31	2024-12-26
	4.642 JPMORGAN CHASE & CO. COM	2018-10-31	2024-12-26
	306.889 JPMORGAN CHASE & CO. COM	2018-09-06	2024-12-26
	2.164 NORFOLK SOUTHN CORP COM	2019-03-11	2024-12-26
	2.684 NORFOLK SOUTHN CORP COM	2018-12-10	2024-12-26
	2.341 NORFOLK SOUTHN CORP COM	2018-09-10	2024-12-26
	256.811 NORFOLK SOUTHN CORP COM	2018-09-06	2024-12-26
	7.863 NUCOR CORP COM	2019-05-10	2024-12-26
	8.513 NUCOR CORP COM	2019-02-11	2024-12-26
	7.577 NUCOR CORP COM	2018-11-09	2024-12-26
	319.047 NUCOR CORP COM	2018-09-06	2024-12-26
	306. PHILIP MORRIS INTL INC COM	2018-09-06	2024-12-26
	48. PHILIP MORRIS INTL INC COM	1990-01-01	2024-12-26
	524. SCHWAB CHARLES CORP COM	2018-09-06	2024-12-26

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	14,938	14,223	715
b	408,087	234,168	173,919
c	406,974	233,529	173,445
d	45,318	31,255	14,063
e	37,765	19,912	17,853
	86,932	62,058	24,874
	73,958	60,727	13,231
	38,617	35,471	3,146
	14,690		14,690
	479	500	-21
	25,000	24,602	398
	12,809	13,208	-399
	25,000	24,607	393
	120	21	99
	29	5	24
	12,316	16,903	-4,587
	4,105	3,473	632
	25,000	24,585	415
	12,144	10,889	1,255
	20,189	19,741	448
	27,129	24,513	2,616
	17,475	7,700	9,775
	207	128	79
	281	156	125
	232	155	77
	22,561	15,701	6,860
	5,345	6,104	-759
	17,179	18,759	-1,580
	6,939	1	6,938
	137,186	71,444	65,742
	867	417	450
	1,184	505	679
	1,124	502	622
	74,328	35,016	39,312
	513	383	130
	636	419	217
	555	417	138
	60,871	44,842	16,029
	931	443	488
	1,008	508	500
	897	480	417
	37,774	20,199	17,575
	37,218	24,058	13,160
	5,838	1,239	4,599
	39,306	26,179	13,127

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			715
b			173,919
c			173,445
d			14,063
e			17,853
			24,874
			13,231
			3,146
			14,690
			-21
			398
			-399
			393
			99
			24
			-4,587
			632
			415
			1,255
			448
			2,616
			9,775
			79
			125
			77
			6,860
			-759
			-1,580
			6,938
			65,742
			450
			679
			622
			39,312
			130
			217
			138
			16,029
			488
			500
			417
			17,575
			13,160
			4,599
			13,127

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	631,909
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	9,605
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	9,605
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	9,605
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	412
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

7	Total credits and payments. Add lines 6a through 6d..............		7	412
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	9,193
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax0	Refunded	11	0

Form 990-PF (2024)

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

$ (2) On foundation managers. right arrow

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

on foundation managers. right arrow

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 2024 or the taxable year beginning in 2024? 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. Click to see attachment

List of Attached Documents:

// Content

...............................

Yes

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

The books are in care of right arrow

MORTON COMMUNITY BANK Telephone no. right arrow

(309) 407-3910

Located at right arrow

201 CLOCK TOWER DRIVEEAST PEORIAIL ZIP+4 right arrow

61611

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 2024, 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 (2024)

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)

Yes

(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 2024? .............

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 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

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 2024 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 2024.) .....................

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 2024? ..

Form 990-PF (2024)

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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
MORTON COMMUNITY BANK List of Attached Documents: // Content	TRUSTEE 1	21,709
201 CLOCK TOWER DRIVE EAST PEORIA,IL61611	TRUSTEE 1	21,709

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 (2024)

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


2


All other program-related investments. See instructions.
3

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

Form 990-PF (2024)

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...................

2,635,999

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

124,309

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

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

2,760,308

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.........................

2,760,308

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

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

41,405

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

2,718,903

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

135,945

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..................

135,945

Tax on investment income for 2024 from Part V, line 5 .......

9,605

Income tax for 2024. (This does not include the tax from Part V.) ...

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

9,605

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

126,340

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

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

126,340

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

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

126,340

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 ..........

121,989

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

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. .......

121,989

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7					126,340
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				6,520
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......	0
b From 2020......	0
c From 2021......	0
d From 2022......	0
e From 2023......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2024 from Part
XI, line 4: $ 121,989
a Applied to 2023, but not more than line 2a				6,520
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 2024 distributable amount.....					115,469
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2024.		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		0
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 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........					10,871
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 2019 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2020....	0
b Excess from 2021....	0
c Excess from 2022....	0
d Excess from 2023....	0
e Excess from 2024....	0

Form 990-PF (2024)

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 2024, 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) 2024	(b) 2023	(c) 2022	(d) 2021	(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).)

NONE

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.

NONE

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 email address of the person to whom applications should be addressed:

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

cAny submission deadlines:

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

Form 990-PF (2024)

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
BALL STATE UNIVERSITY 2000 W UNIVERSITY AVE MUNCIE,IN47306		PC	SCHOLARSHIPS	5,828
ILLINOIS STATE UNIVERSITY OFFICE OF FINANCIAL AID CAMPUS BOX 2320 NORMAL,IL617902320		PC	SCHOLARSHIPS	14,190
MISSOURI STATE UNIVERSITY OFFICE OF FINANCIAL SERVICES 901 S NATIONAL AVE SPRINGFIELD,MO65897		PC	SCHOLARSHIPS	5,828
IOWA STATE UNIVERSITY 0210 BEARDSHEAR HALL AMES,IA50011		PC	SCHOLARSHIPS	5,828
NORTHERN ILLINOIS UNIVERSITY SWEN PARSON HALL ROOM 245 DEKALB,IL60115		PC	SCHOLARSHIPS	2,534
MONMOUTH COLLEGE 700 E BROADWAY MONMOUTH,IL614621963		PC	SCHOLARSHIPS	5,068
OLNEY CENTRAL COLLEGE 305 N WEST ST OLNEY,IL62450		PC	SCHOLARSHIPS	5,068
Louisiana State University Bursar Operations 125 THOMAS BOYD HALL Baton Rouge,LA70803		PC	SCHOLARSHIPS	2,534
VINCENNES UNIVERSITY 1002 N 1ST ST VINCENNES,IN47591		PC	SCHOLARSHIPS	2,534
UNIVERSITY OF LOUISVILLE (KY) 2211 S BROOK ST SUITE 101 LOUISVILLE,KY40292		PC	SCHOLARSHIPS	2,534
UNIVERSITY OF ILLINOIS SPRINGFIELD ONE UNIVERSITY PLAZA UHB 1015 SPRINGFIELD,IL62703		PC	SCHOLARSHIPS	2,534
KASKASKIA COLLEGE 27210 COLLEGE RD CENTRAILIA,IL62801		PC	SCHOLARSHIPS	2,534
PARKLAND COLLEGE BUSINESS OFFICE - TUITION 2400 W BRADLEY AVENUE CHAMPAIGN,IL618211806		PC	SCHOLARSHIPS	8,362
LAKE LAND COLLEGE 5001 LAKE LAND BLVD MATTOON,IL61938		PC	SCHOLARSHIPS	14,190
ILLINOIS COLLEGE 1101 W COLLEGE AVE JACKSONVILLE,IL62650		PC	SCHOLARSHIPS	2,534
UNIVERSITY OF ILLINOIS URBANA OFFICE OF STUDENT FINANCIAL AID 620 E JOHN STREET MC-303 CHAMPAIGN,IL618205712		PC	SCHOLARSHIPS	21,032
SOUTHERN ILLINOIS UNIVERSITY CARBONDALE 1263 LINCOLN DRIVE CARBONDALE,IL62901		PC	SCHOLARSHIPS	2,534
EASTERN ILLINOIS UNIVERSITY 600 LINCOLN AVENUE CHARLESTON,IL61920		PC	SCHOLARSHIPS	5,068
WESTERN ILLINOIS UNIVERSITY SHERMAN HALL #127 1 UNIVERSITY CIRCLE MACOMB,IL614551367		PC	SCHOLARSHIPS	5,828
Total ................................. 3a				116,562

bApproved for future payment

Total ................................. 3b

Form 990-PF (2024)

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.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	75,960
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	631,909
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) ..				707,869

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

707,869

(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.)

Form 990-PF (2024)

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 (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990)
(Rev. January 2025)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

Name of the organization

CUNDIFF SCHOLARSHIP TRUST

Employer identification number

87-6710340

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025) Page 2

Name of organization CUNDIFF SCHOLARSHIP TRUST

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	RALPH D CUNDIFF TRUST TODD DUKEMAN TRUSTEE 218 TAYLOR LANE ARTHUR, IL61911	$ 245,865	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 3

Name of organization CUNDIFF SCHOLARSHIP TRUST		Employer identification number 87-6710340

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
1	VARIOUS DOMESTIC CORPORATE STOCKS	$ 403,532	2024-05-01
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (Rev. 1-2025)

Schedule B (Form 990) (Rev. 1-2025)

Page 4


Name of organization CUNDIFF SCHOLARSHIP TRUST			Employer identification number 87-6710340
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2024 CompensationExplanation

Name:

CUNDIFF SCHOLARSHIP TRUST

EIN:

87-6710340

Person Name	Explanation
MORTON COMMUNITY BANK	TRUSTEE FEES

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

CUNDIFF SCHOLARSHIP TRUST

EIN:

87-6710340

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AMGEN INC SR GLBL NT 24
GILEAD SCIENCES INC SR GLBL NT	24,242	24,700
KIMBERLY-CLARK CORP SR GLBL NT	24,152	24,750
RTX CORPORATION GLBL NT 3.2%24
ABBVIE INC SR GLBL NT3.2%26	23,791	24,555
DISNEY WALT CO SR GLBL NT 25	24,284	24,930
HERSHEY CO GLBL NT 4.25%28	24,941	24,761
MERCK & CO INC SR NT 2.75%25	24,191	24,952
PROCTER & GAMBLE CO SR GLBL N	24,707	24,930
TARGET CORP SR GLBL NT3.5%24
THERMO FISHER SCIENTIFIC INC S	25,268	25,184
UNITEDHEALTH GROUP INC SR GLBL	24,140	24,466
WALMART INC SR GLBL NT3.9%28	24,680	24,542
THE CIGNA GROUP SR GLBL NT 28	49,097	48,999
CISCO SYS INC SR GLBL NT4.8%27	25,009	25,181
COMCAST CORP NEW SR GLBL NT 28	24,823	24,385
LAM RESEARCH CORP 3.75%26	49,502	49,487
QUALCOMM INC FR 3.25%052027	24,331	24,313
ABBVIE INC GLBL NT 4.8%29	49,953	49,981
MCDONALDS CORP FR 3.7%013026	24,614	24,809
TARGET CORP SR GLBL NT 29	24,181	23,720
WASTE MGMT INC DEL SR GLBL NT	49,502	49,389

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

CUNDIFF SCHOLARSHIP TRUST

EIN:

87-6710340

Name of Stock	End of Year Book Value	End of Year Fair Market Value
BRISTOL-MYERS SQUIBB CO COM
CISCO SYS INC COM	21,353	26,640
CSX CORP COM
DISNEY WALT CO COM	26,657	27,838
EXELON CORP COM	19,454	23,450
MONDELEZ INTL INC CL A	31,028	40,437
MEDTRONIC PLC SHS	32,621	27,958
SCHWAB CHARLES CORP COM
VERIZON COMMUNICATIONS INC COM	38,917	28,753
EXXON MOBIL CORP COM	1	26,893
AMEREN CORP COM
CHEVRON CORP NEW COM	23,401	28,968
PHILIP MORRIS INTL INC COM	26,845	36,105
BERKSHIRE HATHAWAY INC DEL CL
CONSTELLATION ENERGY CORP COM	8,169	46,308
PEPSICO INC COM	26,536	35,582
ABBVIE INC COM	25,984	31,098
ACCENTURE PLC IRELAND SHS CLAS	22,850	24,625
AMERICAN ELEC PWR CO INC COM	25,578	27,669
APOLLO GLOBAL MGMT INC COM	17,284	33,032
AMERICAN EXPRESS CO COM	24,897	41,551
THE CIGNA GROUP COM	21,637	20,711
COMCAST CORP NEW CL A
CVS HEALTH CORP COM	23,143	14,589
AMDOCS LTD SHS	37,517	34,056
DUKE ENERGY CORP NEW COM NEW	23,006	26,935
EATON CORP PLC SHS	26,197	39,824
ENTERGY CORP NEW COM	22,933	35,635
FIRSTENERGY CORP COM	21,901	22,874
GENUINE PARTS CO COM	28,735	23,352
HOME DEPOT INC COM	29,283	38,899
INTERCONTINENTAL EXCHANGE INC	17,032	22,352
JPMORGAN CHASE & CO COM	21,855	35,957
KIMBERLY-CLARK CORP COM	26,739	26,208
LINCOLN ELEC HLDGS INC COM	33,162	29,058
LOCKHEED MARTIN CORP COM	29,268	31,586
OMNICOM GROUP INC COM	27,159	25,382
PROCTER AND GAMBLE CO COM	15,199	16,765
REGIONS FINANCIAL CORP NEW COM	24,497	31,752
SERVICE CORP INTL COM	21,590	25,942
CONSTELLATION BRANDS INC CL A	23,711	20,995
SYSCO CORP COM	21,101	22,938
TARGET CORP COM	26,756	27,036
US BANCORP DEL COM NEW	19,879	28,698
WEC ENERGY GROUP INC COM	23,216	25,861
WEATHERFORD INTL PLC ORD SHS
XCEL ENERGY INC COM	24,930	27,008
ABBOTT LABS COM	18,231	18,098
ALLSTATE CORP COM	18,550	23,135
AMGEN INC COM	13,972	11,729
AIR PRODS & CHEMS INC COM	19,723	23,203
BROADCOM INC COM	24,350	46,368
BOOZ ALLEN HAMILTON HLDG CORP	28,381	28,314
BLACKROCK INC COM	23,763	30,753
CONOCOPHILLIPS COM	21,622	19,834
DOMINION ENERGY INC COM	19,718	21,544
DEERE & CO COM	23,206	25,422
DTE ENERGY CO COM	18,155	21,131
EOG RES INC COM	19,326	21,452
GENERAL MLS INC COM	19,268	19,131
ALPHABET INC CAP STK CL A	25,766	28,395
GOLDMAN SACHS GROUP INC COM	23,261	22,905
HONEYWELL INTL INC COM	22,227	24,848
JOHNSON & JOHNSON COM	31,380	28,924
COCA COLA CO COM	19,992	20,795
CHENIERE ENERGY INC COM NEW	26,632	32,231
ALLIANT ENERGY CORP COM	21,403	26,022
LAM RESEARCH CORP COM NEW	24,902	21,669
MARSH & MCLENNAN COS INC COM	30,321	31,862
MERCK & CO INC COM	28,987	24,870
MICROSOFT CORP COM	19,784	21,075
NEXTERA ENERGY INC COM	18,601	23,299
NISOURCE INC COM	21,819	31,246
ORACLE CORP COM	26,260	39,160
PNC FINL SVCS GROUP INC COM	22,324	28,928
PPG INDS INC COM	28,313	23,890
REINSURANCE GRP OF AMERICA INC	24,399	30,976
RESMED INC COM	21,761	28,586
SCHLUMBERGER LTD COM STK	22,598	23,004
SOUTHERN CO COM	18,223	21,815
S&P GLOBAL INC COM	20,080	22,411
AT&T INC COM	21,684	28,690
STANLEY BLACK & DECKER INC COM	22,173	18,868
UNITEDHEALTH GROUP INC COM	23,183	22,764
WILLIAMS COS INC COM	18,632	29,766
ZOETIS INC CL A	26,033	24,440

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

CUNDIFF SCHOLARSHIP TRUST

EIN:

87-6710340

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
ASTRAZENECA PLC SPONSORED ADR	AT COST	26,653	26,208

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

CUNDIFF SCHOLARSHIP TRUST

EIN:

87-6710340

Description	Amount
ACCRUED INTEREST PAID - NET W/ INC IN 25	2,041

- TIN:

TY 2024 OtherExpensesSchedule

Name:

CUNDIFF SCHOLARSHIP TRUST

EIN:

87-6710340

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE -	30	0		0
OTHER EXPENSE (NON-DEDUCTIBLE	3	0		0

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

CUNDIFF SCHOLARSHIP TRUST

EIN:

87-6710340

Description	Amount
TIMING / ROUNDING ADJUSTMENTS	106

- TIN:

TY 2024 SubstantialContributorsSch

Name:

CUNDIFF SCHOLARSHIP TRUST

EIN:

87-6710340

Name	Address
RALPH D CUNDIFF TRUST TODD DUKEMAN TRUSTEE	218 TAYLOR LANE ARTHUR,IL61911

- TIN:

TY 2024 TaxesSchedule

Name:

CUNDIFF SCHOLARSHIP TRUST

EIN:

87-6710340

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAXES	584	584		0
FEDERAL TAX PAYMENT - PRIOR YE	822	0		0