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
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

$2,349,026J 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	25,095		25,095
4	Dividends and interest from securities...	71,383		71,383
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		110,254
b	Gross sales price for all assets on line 6a 1,014,405
7	Capital gain net income (from Part IV, line 2)...			110,254
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	2,219	2,219	0
12	Total. Add lines 1 through 11........	208,951		208,951	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	1,338	1,338	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	52,062	47,226	0	4,825
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	91,400		58,564	0	32,825
25	Contributions, gifts, grants paid.......	92,875				92,875
26	Total expenses and disbursements. Add lines 24 and 25	184,275		58,564	0	125,700
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	24,676
b	Net investment income (if negative, enter -0-)			150,387
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.............	61,885	49,789	49,789
	2	Savings and temporary cash investments.........	41,956	41,485	41,485
	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) 183,636
		Less: allowance for doubtful accounts 0	226,950	183,636	183,636
	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).......	947,714	List of Attached Documents: // Content 1,035,872	1,302,704
	c	Investments—corporate bonds (attach schedule).......	254,682	List of Attached Documents: // Content 255,790	256,730
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	467,625	List of Attached Documents: // Content 466,624	514,682
	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)	2,000,812	2,033,196	2,349,026
	17	Accounts payable and accrued expenses..........	73,875	81,500
	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).........	73,875	81,500
		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	330,500	355,259
	29	Total net assets or fund balances (see instructions).....	1,926,937	1,951,696
	30	Total liabilities and net assets/fund balances (see instructions).	2,000,812	2,033,196

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

1,926,937

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

24,676

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

List of Attached Documents:

// Content

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

1,951,696

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 .

1,951,696

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.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	PERSHING I	P	2024-01-01	2024-12-31
b
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	1,014,405	904,151	110,254
b
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			110,254
b
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	110,254
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	2,090
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	2,090
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	2,090
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	3,537
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	3,537
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	1,447
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax1,447	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

$ 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 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. ...............................

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 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)

(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-)
PROCTOR DAVID JW	TRUSTEE 2.00	26,033
801 GRAND AVE SUITE 3700 DES MOINES,IA50309	TRUSTEE 2.00	26,033
VAN VLEET CHRISTOPHER	TRUSTEE 1.00	5,984
801 GRAND AVE SUITE 3700 DES MOINES,IA50309	TRUSTEE 1.00	5,984
MORGAN MONICA L	TRUSTEE 1.00	5,983
801 GRAND AVE SUITE 3700 DES MOINES,IA50309	TRUSTEE 1.00	5,983

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	EDUCATIONAL LOANS TO INDIVIDUALS	28,000
2


All other program-related investments. See instructions.
3

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

28,000

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

2,031,495

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

31,927

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

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

2,063,422

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

2,063,422

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

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

30,951

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

2,032,471

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

101,624

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

101,624

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

2,090

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

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

2,090

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

99,534

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

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

99,534

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

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

99,534

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 ..........

125,700

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

28,000

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. .......

153,700

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					99,534
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				0
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......	82,869
c From 2021......	141,568
d From 2022......	61,732
e From 2023......	65,469
f Total of lines 3a through e ........		351,638
4Qualifying distributions for 2024 from Part
XI, line 4: $ 153,700
a Applied to 2023, 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 2024 distributable amount.....					99,534
e Remaining amount distributed out of corpus		54,166
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		405,804
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 ..........					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 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 ......		405,804
10 Analysis of line 9:
a Excess from 2020....	82,869
b Excess from 2021....	141,568
c Excess from 2022....	61,732
d Excess from 2023....	65,469
e Excess from 2024....	54,166

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).)

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 (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
NATHANIEL BAUM 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	6,000
JAMES BUSENITZ 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,250
BENJAMIN FLICK 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,750
JORDAN FLINCK 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	3,750
DANIEL LUEPKE 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,400
TYLOR MOORE 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	3,000
JONATHAN RYAN 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	3,500
ABIGAIL SPEICHINGER 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,250
SETH THOMPSON 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	5,000
LUKE TREIBER 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	4,000
JOSEPH TURMAN 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	5,000
TUAN ZA VAN 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,100
ETHAN WOOTEN 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,500
KRISTIN YUAN 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,000
BERNICE STOUTES 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	5,000
BRIANNA CARROLL 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,125
NICHOLE CARR 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,500
CHIYING WANG 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,500
DAVID FARLOW 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,000
LISA ROBINSON 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	5,000
DAVID CARROLL 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,500
SAMANTHA CARROLL 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,250
Total ................................. 3a				59,375

bApproved for future payment
NATHANIEL BAUM 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	4,000
JAMES BUSENITZ 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,250
BENJAMIN FLICK 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,750
JORDAN FLINCK 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,000
DANIEL LUEPKE 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,150
TYLOR MOORE 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	3,000
JONATHAN RYAN 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	3,500
ABIGAIL SPEICHINGER 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,250
SETH THOMPSON 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	5,000
LUKE TREIBER 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	2,000
JOSEPH TURMAN 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	5,000
TUAN ZA VAN 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,100
ETHAN WOOTEN 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,500
KRISTIN YUAN 801 GRAND AVE STE 3700 DES MOINES,IA50309	NONE	I	GRANT FOR POST-HIGH SCHOOL EDUCATION	1,000
Total ................................. 3b				33,500

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.)
aSTUDENT LOAN INTEREST					2,219
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	25,095
4 Dividends and interest from securities ....			14	71,383
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	110,254
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		206,732	2,219

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

208,951

(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 (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:

TY 2024 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 5.40% 02/15/34	5,221	5,059
AERCAP IRELAND CAP/GLOBA 3.3% 1/32	4,239	4,358
AMAZON COM INC FXD 3.875% 08/22/37	3,592	3,534
AMAZON COM INC NT 2.10% 05/12/31	4,233	4,270
AMERICAN TOWER CORP 3.65% 3/15/27	4,899	4,904
AMERICAN TOWER CORP NEW 5% 01/31/30	4,001	3,977
AMGEN INC 5.250% 03/02/30	5,131	5,134
ASTRAZENECA FIN LLC 1.75% 5/28/28	3,550	3,629
BP CAP MKTS AMER IN 4.812% 02/13/33	3,957	3,860
BP CAP MKTS AMER INC 4.234% 11/6/28	2,998	2,937
BANK AMER CORP MEDIU 1.319% 6/19/25	3,802	3,935
BANK AMER CORP SR NT 2.687% 4/22/32	3,529	3,440
BARCLAYS PLC 5.501% 08/09/28	5,168	5,184
BOSTON PPTYS LTD PART 3.65% 2/1/26	3,903	3,947
BROADCOM CORP/BORADCOM CAYMAN FIN	2,800	2,953
CAMPBELL SOUP CO NT 5.20% 03/21/29	6,043	6,055
CITIZENS FINL GROUP 5.841% 01/23/30	5,232	5,122
CONSTELLATION BRANDS 4.75% 05/09/32	2,930	2,887
DEERE JOHN CAP CORP MED TERM 4.90%	5,145	5,003
DIAMONDBACK ENERGY INC 3.5% 12/1/29	3,769	3,720
DUKE ENERGY OHIO INC 2.125% 6/1/30	4,244	4,323
EQUINIX INC SR NT 3.20% 11/18/29	3,683	3,677
FNMA GTD MTG POOL #FS89710 5.5% 09/	3,900	3,868
FEDERAL HOME LN MTG POOL #SD8276	2,610	2,531
FORD MTR CR CO LLC 5.113% 05/03/29	4,891	4,869
GXO LOGISTICS INC NT 1.650% 7/15/26	4,580	4,747
GENERAL MTRS CO SR NT 6.8% 10/01/27	3,141	3,133
GOLDMAN SACHS GROUP INC 2.65% 10/32	4,995	5,073
HCA INC GTD FXD RT SR 5.375% 9/1/26	3,038	3,009
HF SINCLAIR CORP SR 5.875% 4/1/26	4,964	5,037
HSBC HOLDINGS PLC SR 2.804% 5/24/32	4,432	4,249
HOWMET AEROSPACE INC NT 3% 1/15/29	5,637	5,328
HUMANA INC SR NT 2.150% 2/3/32	3,940	3,983
INTEL CORP SR NT 5.150% 02/21/34	4,953	4,798
JPMORGAN CHASE & CO 3.960% 1/29/27	2,875	2,977
KB HOME SR NT 7.250% 07/15/30	4,090	4,101
KEURIG DR PEPPER INC 4.597% 02/28	4,996	4,956
KINDER MORGAN INC DEL 5.2% 6/1/33	2,889	2,932
L3HARRIS TECHNOLOGIES 4.4% 6/16/28	2,933	2,947
MARRIOTT INTL INC NEW 4.8% 03/15/30	6,073	6,040
MOLSON COORS BEVERAGE 3 . 0%07/15/26	2,800	2,922
MORGAN STANLEY GLOB MED 2.239% 7/32	5,116	4,989
MORGAN STANLEY SR NT 2.188% 4/28/26	3,862	3,964
MOSAIC CO NEW FXD RT 4.05% 11/15/27	2,877	2,939
MOTOROLA SOLUTIONS INC 4.60% 05/29	4,046	3,934
NXP B V/EXP EDG LLC 4.40% 6/1/27	3,938	3,961
NISOURCE INC 5.25% 3/30/28	5,912	6,052
OCCIDENTAL PETE CORP SR 5.5% 12/25	3,004	3,007
ORACLE CORP NT 2.30% 03/25/28	5,418	5,547
PACIFIC GAS & ELEC CO 3.15% 1/1/26	3,823	3,930
PEPSICO INC 1.95% 10/21/31	4,711	4,991
REALTY INCOME CORP SR 4.9% 7/15/33	4,806	4,847
ROYAL BK CDS GLOBAL MED 6% 11/1/27	4,107	4,131
STRYKER CORP FXD RT 3.65% 03/07/28	5,836	5,794
SUNOCO LOGISTICS PART 4.0% 10/01/27	2,803	2,933
T-MOBILE USA INC SR 2.05% 02/15/28	4,455	4,591
UNITED TECHNOLOGIES 4.125% 11/16/28	2,910	2,920
VERISIGN INC 2.7% 6/15/31	4,730	5,145
WELLS FARGO MED TERM 2.164% 2/11/26	2,823	2,991
WELLS FARGO & CO MED 4.897% 7/25/33	5,822	5,794
ZOETIS INC FXD RT SR NT 3.90% 08/28	4,985	4,862

- TIN:

TY 2024 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
AON PLC SHS CL A 10 UNITS	3,561	3,592
ARM HLDGS PLC SPONS ADR NEW (TH8) 250 UNITS	34,738	30,840
AT&T . INCCOM (3C0) 173 UNITS	2,702	3,939
AT&T INC COM (5JM) 85 UNITS	1,328	1,935
ACUITY BRANDS INC COM (3C0) 36 UNITS	7,049	10,517
AERCAP HOLDING N V SHS 28 UNITS	2,556	2,680
AFLAC INC COM (3C0) 80 UNITS	4,833	8,275
AFLAC INC COM (5JM) 18 UNITS	1,097	1,862
ALIBABA GROUP HLDGS LTD (3C0) 33 UNITS	2,713	2,798
ALLISON TRANSMISSION HLDGS IN (3C0) 65 UNITS	3,835	7,024
ALPHABET INC CAP STK CL A (3CO) 124 UNITS	16,361	23,473
AMAZON COM INC (THB) 200 UNITS	33,731	43,878
AMAZON COM INC. ( 3C0) 61 UNITS	8,549	13,383
AMERICAN EXPRESS COMPANY (3C0) 41 UNITS	5,634	12,168
AMERICAN EXPRESS COMPANY (5JM) 25 UNITS	2,547	7,420
AMPHASTAR PHARMACEITUCALS INC 96 UNITS	3,895	3,564
APPLE INC COM 100 UNITS	12,863	25,042
APPLIED MATERIALS INC. (3C0) 20 UNITS	2,440	3,253
ARCH CAPITAL GROUP LTD (3C0) 33 UNITS	2,582	3,048
ARISTA NETWORKS INC COM (3CO) 64 UNITS	2,777	7,074
ASSURANT INC COM (3CO) 100 UNITS	17,744	21,322
ATMOS ENERGY CORP COM (3C0)	3,368	4,178
AUTOMATIC DATA PROCESSING INC (3C0) 12 UNITS	2,014	3,513
AUTOMATIC DATA PROCESSING INC (5JM) 5 UNITS	752	1,464
BAE SYS PLC SPONSORED ADR (3C0) 84 UNITS	3,741	4,801
BANCO BILBAO VIZCAYA ARGENTARIA (3C	4,119	3,635
BANK AMER CORP COM (3C0) 161 UNITS	6,028	7,076
BANK AMER CORP COM (5JM) 77 UNITS	2,626	3,384
BELDEN INC NEW COM (3C0)	3,126	3,491
BLACK HILLS CORP COM (3C0)	2,151	2,282
BLACKROCK INC NEW COM	10,602	15,377
BLOCK H & R INC 162 UNITS	7,696	8,560
BRADY CORP CL A	4,878	4,874
BRISTOL MYERS SQUIBB CO (3C0)	5,641	6,165
BROADCOM INC COM FKA BROADCOM LTD (3 76 UNITS	2,011	17,620
BYD CO LTD ADR	2,640	3,195
CRH PLC ADR ( 3C0) 64 UNITS	2,948	5,921
CSX XORP COM (3C0)	5,778	5,583
CSX XORP COM (5JM)	1,006	968
CABOT CORP COM	2,009	1,918
CACI INTL INC CL A	3,165	2,828
CARGURUS INC CL A	3,286	3,946
CBOE GLOBAL MKTS INC COM (3C0)	5,379	7,230
CELESTICA INC	2,189	3,875
CENCORA INC F/K/A/AMERICOURCEBERGAN 28 UNITS	4,712	6,291
CHECK POINT SOFTWARE TECHNOLOGY (3C0) 15 UNITS	1,989	2,801
CHEVRON CORP NEW COM (3C0) 40 UNITS	5,885	5,794
CHEVRON CORP NEW COM (5JM) 2 UNITS	314	290
CHORD ENERGY CORP COM NEW	2,855	1,988
CHUBB LTD COM ISIN #CH00443287(3C0) 48 UNITS	10,031	13,262
CINTAS CORP COM (5JM) 25 UNITS	3,161	4,568
CISCO SYSTEMS INC. 195 UNITS	10,730	11,544
COCA COLA COMPANY ( 3CO) 76 UNITS	4,781	4,732
COCA COLA COMPANY (5JM) 22 UNITS	1,332	1,370
COCA-COLA EUROPACIFIC PARTNERS (3C0) 37 UNITS	2,308	2,842
COMCAST CORP CL A 106 UNITS	4,134	3,978
COMCAST CORP CL A (TH8) 525 UNITS	29,724	19,703
CONOCOPHILLIPS COM ( 3CO)	3,564	3,173
CONSTELLATION BRANDS INC CL A (3C0)	3,355	3,094
COTERRA ENERGY INC COM (3C0) 204 UNITS	5,452	5,210
CURTISS WRIGHT CORP (3C0) 38 UNITS	6,865	13,485
DTMIDSTREAM INC COM ( 3C0) 28 UNITS	1,657	2,784
DANAHER CORP COM (3C0) 27 UNITS	6,172	6,198
DECKERS OUTDOOR CORP COM (3C0) 61 UNITS	7,393	12,388
DEUTSCHE TELEKOM AG SPANS ADR (3C0) 63 UNITS	1,605	1,881
DICKS SPORTING GOODS INC COM (3C0)	9,119	9,382
DISNEY WALT CO DISNEY COM (3C0) 46 UNITS	5,029	5,122
DISNEY WALT CO DISNEY COM (5JM) 5 UNITS	584	557
DOCUSIGN INC COM (3C0)	7,845	11,422
DUKE ENERGY CORP NEW COM NEW (3C0) 41 UNITS	4,603	4,417
DUKE ENERGY CORP NEW COM NEW (5JM} 10 UNITS	1,139	1,077
EAGLE MATERIALS INC COM (3C0) 20 UNITS	4,076	4,935
EAST WEST BANCORP INC COM (3C0} 111 UNITS	9,538	10,629
ELEMENT SOLUTIONS INC COM (3C0) 221 UNITS	5,123	5,620
ELEMENT SOLUTIONS INC COM (5JM} 61 UNITS	1,314	1,551
EMCORE GROUP INC. (3C0} 40 UNITS	5,738	18,156
ENBRIDGE INC COM (3C0)	1,534	1,867
ENSIGN GROUP INC COM (3C0) 89 UNITS	8,776	11,825
EPAM SYS INC COM	2,443	2,338
ERSTE BK GROUP AG SPONS ADR (3C0) 125 UNITS	2,463	3,841
ESSENTIAL PPTYS RITY TR INC (3C0) 99 UNITS	2,343	3,097
EVERTEC INC COM (3C0) 125 UNITS	4,462	4,316
EXXON MOBIL CORP COM (3C0) 84 UNITS	6,975	9,036
EXXON MOBIL CORP COM {5JM) 29 UNITS	2,694	3,120
FABRINET SHS ISIN #KYG3323LL05(3C0)	3,528	3,518
FIFTH THIRD BANCORP COM 247 UNITS	8,794	10,443
FISERY INC COM (3C0) 31 UNITS	3,689	6,368
FORTIVE CORP COM (3C0) 80 UNITS	5,723	6,000
FORTIVE CORP COM (5JM) 30 UNITS	2,239	2,250
FOX CORP CL A COM (3C0) 181 UNITS	6,130	8,793
GSK PLC ( 3C0) 48 UNITS	1,690	1,623
GALLAGHER ARTHUR J & CO COM	4,373	5,109
GENERAL DYNAMICS CORP COM (3CO) 13 UNITS	3,277	3,425
GENERAL DYNAMICS CORP COM (5JM) 6 UNITS	1,425	1,581
GENERAL ELECTRIC COMPANY	5,685	7,172
GENERAL MTRS CO COM (3C0) 66 UNITS	2,736	3,516
GENERAL MTRS CO COM (5JM) 33 UNITS	1,368	1,758
GOLDMAN SACHS GROUP INC COM (3C0) 15 UNITS	5,724	8,589
GOLDMAN SACHS GROUP INC COM (5JM) 5 UNITS	1,799	2,863
HALOZYME THERAPEUTICS INC COM	4,916	5,307
HENDERSON GROUP PLC (3C0)	3,409	4,083
INDYMAC MORTGAGE HOLDINGS	52,417	0
IBERDROLA SA SPONSORED ADR (3C0) 101 UNITS	4,473	5,569
ICON PLC LTD SHS 7 UNITS	1,629	1,468
IDACORP INC COM	3,457	3,388
INTERCONTINENTAL HOTELS GROUP PLC N	2,662	3,248
JD COM INC SPONS ADR REPSTG COM CLA	3,011	3,502
JP MORGAN CHASE & CO COM (3C0) 76 UNITS	9,319	18,218
JAPAN TOB INC	2,754	2,573
JOHNSON & JOHNSON COM 49 UNITS	7,884	7,086
KOMATSU LTD SPONSORED ADR NEW (3C0)	2,830	2,623
LANTHEUS HLDGS INC COM (3C0) 29 UNITS	1,776	2,594
LILLY ELI & CO COM (3C0) 11 UNITS	5,148	8,492
LINDE PLC SH ISIN #IE00BZ12WP8(3C0) 10 UNITS	3,418	4,187
LINDE PLC SH ISIN #IE00BZ12WP8(5JM) 11 UNITS	2,574	4,605
LOGITECH INTL SA APPLES NAMEN AKT	2,528	2,388
LULULEMON ATHLETICS INC COM (3C0) 10 UNITS	3,476	3,824
MARKS & SPENCER GROUP PLC SPONSORED	1,798	1,792
MCDONALDS CORP (3C0) 12 UNITS	2,923	3,479
MCDONALDS CORP (5JM) 6 UNITS	1,321	1,739
MCKESSON CORP COM (3C0) 13 UNITS	5,251	7,409
MEDTRONIC PLC SHS ISIN #IE00BT(3C0)	2,768	2,476
MERCK & CO INC NEW COM 45 UNITS	5,684	4,477
META PLATFORMS INC CL A {3C0) 25 UNITS	7,697	14,638
MICROSOFT CORPORATION 52 UNITS	12,274	21,918
MITSUI & CO LTD ADR (3C0) 4 UNITS	1,123	1,666
MOLSON COORS BEVERAGE CO CL B (3C0) 118 UNITS	7,586	6,764
MORGAN STANLEY COM NEW (3CO) 109 UNITS	10,502	13,703
NATIONAL GRID PLC SPON ADR NEW	1,693	3,030
NETAPP INC. COM 149 UNITS	17,190	17,296
NEXTERA ENERGY INC COM 179 UNITS	13,382	12,833
NICE SYSTEMS LTD (3C0)	5,437	4,586
NOVARTIS AG SPONSORED ADR 40 UNITS	4,092	3,892
NOVO NORDISK A.S. ADR FORMERLY(3C0) 21 UNITS	1,423	1,806
NVENT ELECTRIC PLC ( 3C0) 144 UNITS	6,152	9,815
NVIDIA CORP COM (3C0)	9,418	21,621
OSI SYS INC COM 76 UNITS	10,471	12,725
OMNICOM GROUP INC COM ( 3C0) 176 UNITS	15,583	15,143
OWENS CORNING NEW COM (3C0) 61 UNITS	8,483	10,390
PARKER-HANNIFIN CORP COM (3C0) 21 UNITS	7,106	13,357
PARKER-HANNIFIN CORP COM (5JM) 5 UNITS	1,449	3,180
PAYPAL HLDGS INC COM ( 3C0)	4,882	5,804
PENTAIR PLC SHS 68 UNITS	4,124	6,844
PENTAIUR PLC SHS (5JM) 68 UNITS	4,497	6,844
PETROLEO BRASILEIRO SA PETROBRAS	1,968	1,775
PHILIP MORRIS INTL INC COM (3C0) 47 UNITS	4,355	5,656
PHILIP MORRIS INTL INC COM(SJM) 5 UNITS	473	602
PROCTOR & GAMBLE CO COM 51 UNITS	7,192	8,550
PUBLICIS SA NEW SPONS ADR (3C0) 154 UNITS	2,449	4,086
PULTEGROUP INC COM (3CO) 88 UNITS	5,440	9,583
QUALYS INC COM	2,053	1,963
RALPH LAUREN CORP CL A	7,798	10,625
REYNOLDS CONSUMER PRODS INC COM	3,402	3,185
ROCHE HLDGS LTD SPONSORED ADR (3C0)	4,572	3,976
ROYAL BK CDA MONTREAL QUE ISI (3C0)	4,358	4,700
ROYAL KPN N V SPONS ADR	2,583	2,462
S&P GLOBAL INC COM (3C0) 13 UNITS	4,817	6,474
SEI INVTS CO COM	3,499	3,547
SM ENERGY CO COM (3C0) 119 UNITS	5,484	4,612
SEKISUI HOUSE LTD SPONSORED ADR 198 UNITS	4,083	4,734
SHELL PLC SPONSORED ADR	2,743	2,506
SNAP ON INC COM (3C0) 29 UNITS	7,597	9,845
SOUTHERN CO COM (3C0) 91 UNITS	6,435	7,491
SOUTHERN CO COM (SJM) 30 UNITS	1,828	2,470
SPROUTS FMRS MKT INC COM (3C0) 59 UNITS	2,145	7,497
STERLING INFRASTRUCTURE INC COM	2,089	2,864
STIFEL FINL CORP COM	2,831	3,607
STRIDE INC COM (3C0)	5,122	7,171
STRYKER CORP (3C0) 15 UNITS	3,214	5,401
STRYKER CORP (SJM) 8 UNITS	1,820	2,880
SUMITOMO MITSUI FINL GROUP INC	4,899	6,303
SUNCOR ENERGY INC NEW COM (3C0) 47 UNITS	1,820	1,677
TAIWAN SEMICONDUCTOR MFG CO (3C0) 39 UNITS	3,498	7,702
TAYLOR MORRISON HOME CORP COM STK	8,838	9,549
TENCENT HLDGS LTD ADR ISIN (3C0) 112 UNITS	5,171	5,956
TESCO PLC SPONS ADR NEW	3,248	3,715
TESLA INC COM (3C0) 7 UNITS	2,354	2,827
TEXAS INSTRUMENTS INC. 24 UNITS	3,976	4,500
TOYOTA MTR CO SPON ADR 10 UNITS	1,775	1,946
TRUSTMARK CORP COM	4,511	5,376
UBER TECHNOLOGIES INC COM	3,270	2,714
UNION PACIFIC 175 UNITS	1,363	39,907
UNITED THERAPEUTICS CORP DEL (3C0) 36 UNITS	8,364	12,702
UNITEDHEALTH GROUP INC COM 25 UNITS	11,459	12,647
UNIVERSAL HEALTH SVCS INC CL B	8,311	8,253
VERIZON COMMUNICATIONS INC COM 84 UNITS	2,894	3,359
VINCI S A ADR (3C0) 125 UNITS	3,583	3,208
VISA INC COM CL A (5JM) 8 UNITS	1,718	2,528
VISA INC NEW CL B {3CO) 32 UNITS	6,717	10,113
WAL MART STORES INC COM (3C0) 98 UNITS	4,708	8,854
WASTE MGMT INC DEL COM {3C0) 27 UNITS	4,568	5,448
WASTE MGMT INC DEL COM (5JM) 2 UNITS	221	404
WELLS FARGO & CO NEW COM {3C0) 106 UNITS	4,693	7,445
WELLS FARGO & CO NEW COM (5JM) 49 UNITS	2,121	3,442
WILLIAMS COS INC COM {3C0)	6,153	7,469
WILLIS TOWERS WATSON PUB LTD (3C0)	4,428	5,012
WINTRUST FINL CORP COM {3C0) 39 UNITS	3,850	4,864
YELP INC COM	2,336	2,477

- TIN:

TY 2024 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
INVESCO EXCH-TRAD TR S&P 500 LOW VO	AT COST	11,060	10,780
ISHARES TR CORE MSCI TOTAL INTL STK 847 UNITS	AT COST	51,286	56,021
ISHARES TR CORE S&P SMALL-CAP ETF 483 UNITS	AT COST	46,634	55,651
ISHARES TR IBOXX $ HIGH YIELD CORP 328 UNITS	AT COST	24,363	25,797
ISHARES TR RUSSELL 2000 GROWTH INDE 14 UNITS	AT COST	3,009	4,029
PACER FDS TR PACER US SMALL CAP CAS	AT COST	2,831	2,597
PACER FDS TR US CASH COWS 100 ETF	AT COST	9,604	9,828
SCHWAB STRATEGIC TR SCHWAB US LARGE 726 UNITS	AT COST	12,841	17,192
SCHWAB STRATEGIC TR US LARGE CAP GR 1,415 UNITS	AT COST	28,898	39,436
SPDR SER TR BLOOMBERG HIGH YIELD BD 121 UNITS	AT COST	11,014	11,552
SPDR SER TR PORTFOLI S&P 500 (SPLG) 1,958 UNITS	AT COST	102,818	134,985
SPDR SER TR S&P 400 MID CAP GROWTH 81 UNITS	AT COST	5,265	7,038
SPDR SER TR S&P 400 MID VALUE (3C0) 89 UNITS	AT COST	5,450	7,138
SPDR SER TR S&P 600 SMALL CAP VALUE 35 UNITS	AT COST	2,453	3,054
SPDR SER TR SHORT TERM HIGH YIELD B 96 UNITS	AT COST	2,348	2,424
VANGUARD INTL EQUITY INDEX ALL WORL 220 UNITS	AT COST	23,317	25,186
BXP INC COM	AT COST	6,281	5,726
BRIXMORE PPTY GROUP INC	AT COST	8,156	8,213
FEDERAL RLTY INVT TR NEW COM (3C0) 73 UNITS	AT COST	7,669	8,172
NAVIGATOR TACTICAL FIXED INCOME FD 4162 UNITS	AT COST	39,138	41,042
PACIFIC OAK STRATEGIC OPP REIT 5235 UNITS	AT COST	51,672	29,943
PROLOGIS INC COM (3C0) 72 UNITS	AT COST	9,108	7,610
PROLOGIS INC COM (5JM) 12 UNITS	AT COST	1,409	1,268

- TIN:

TY 2024 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	4,825	0	4,825
INVESTMENT INTEREST EXPENSE	11	11	0
MANAGEMENT FEES	23,579	23,579	0
MISCELLANEOUS EXPENSE	11	0	0
ADVISORY FEES	23,512	23,512	0
BOND PREMIUM	124	124	0

- TIN:

TY 2024 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	2,219	2,219	0

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

ELMER O & IDA PRESTON EDUCATIONAL TRUST

EIN:

42-6053621

Description	Amount
NONDIVIDEND DISTRIBUTIONS	83

- TIN:

TY 2024 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	1,338	1,338	0	0