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.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
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
DES MOINES
State or province
IA
Country  
ZIP or foreign postal code
50309
A Employer identification number

42-6053621
B Telephone number (see instructions)

5152465802
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$2,455,191J Accounting method:
Hybrid
(Part I, column (d) must be on cash basis.)
Part I 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)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check .................
3 Interest on savings and temporary cash investments 30,154 30,154  
4 Dividends and interest from securities... 66,748 66,748  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 244,014
b Gross sales price for all assets on line 6a 2,554,435
7 Capital gain net income (from Part IV, line 2)... 244,014
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)....... Click to see attachment
List of Attached Documents:
// Content
3,687 3,687 0
12 Total. Add lines 1 through 11........ 344,603 344,603 0
Operating and Administrative Expenses 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)... Click to see attachment
List of Attached Documents:
// Content
2,377 1,704 0 0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
55,278 50,273 0 5,005
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 95,655 61,977 0 33,005
25 Contributions, gifts, grants paid....... 96,200 96,200
26 Total expenses and disbursements. Add lines 24 and 25 ................ 191,855 61,977 0 129,205
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 152,748
b Net investment income (if negative, enter -0-) 282,626
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 49,789 65,460 65,460
2 Savings and temporary cash investments......... 41,485 45,193 45,193
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) 158,503
Less: allowance for doubtful accounts 0 183,636 158,503 158,503
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)....... 1,035,872 Click to see attachment
List of Attached Documents:
// Content
1,232,775 		1,506,791
c Investments—corporate bonds (attach schedule)....... 255,790 Click to see attachment
List of Attached Documents:
// Content
319,352 		328,375
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 466,624 Click to see attachment
List of Attached Documents:
// Content
369,014 		350,869
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) 2,033,196 2,190,297 2,455,191
Liabilities 17 Accounts payable and accrued expenses.......... 81,500 85,722
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)......... 81,500 85,722
Net Assets or Fund Balances 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 355,259 508,138
29 Total net assets or fund balances (see instructions)..... 1,951,696 2,104,575
30 Total liabilities and net assets/fund balances (see instructions). 2,033,196 2,190,297
Part III
Analysis of Changes in Net Assets or Fund Balances
1
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
1,951,696
2
Enter amount from Part I, line 27a .....................
2
152,748
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
131
4
Add lines 1, 2, and 3 ..........................
4
2,104,575
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
2,104,575
Form 990-PF (2025)
Form 990-PF (2025)
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 PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,554,308   2,310,421 243,887
b 127     127
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       243,887
b       127
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 244,014
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 ......................... 		Bracket 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. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 3,929
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 3,929
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 3,929
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 1,366
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 1,366
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 38
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 2,601
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 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
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.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
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....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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? ................
6
Yes
 
7
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..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
IA
b
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 .
8b
Yes
 
9
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 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
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 .............
11
 
No
12
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.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressN/A
14
The books are in care ofMR DAVID J PROCTOR Telephone no. (515) 243-4191

Located at801 GRAND AVE STE 3700DES MOINESIA ZIP+450309
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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
No
1a
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)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)
 
No
(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)
 
No
b
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 ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
d
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 2025? .............
1d
 
No
2
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)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 20, 20, 20
b
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.) ..............
2b
 
 
c
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
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(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)
 
No
(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)
 
No
(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)
 
No
b
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 ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........
d
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? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
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? .........................
8
 
No
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
PROCTOR DAVID JW TRUSTEE
2.00 		25,252 0 0
801 GRAND AVE SUITE 3700
DES MOINES,IA50309
VAN VLEET CHRISTOPHER TRUSTEE
1.00 		6,374 0 0
801 GRAND AVE SUITE 3700
DES MOINES,IA50309
MORGAN MONICA L TRUSTEE
1.00 		6,374 0 0
801 GRAND AVE SUITE 3700
DES MOINES,IA50309
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 (2025)
Form 990-PF (2025)
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 arrow0
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 44,200
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................44,200
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
2,183,209
b
Average of monthly cash balances.......................
1b
29,906
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
2,213,115
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
2,213,115
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
33,197
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,179,918
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
108,996
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
108,996
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
3,929
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,929
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
105,067
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
105,067
6
Deduction from distributable amount (see instructions) .................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
105,067
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........
1a
129,205
b
Program-related investments—total from Part VIII-B..................
1b
44,200
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
173,405
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 105,067
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 82,869
b From 2021...... 141,568
c From 2022...... 61,732
d From 2023...... 65,469
e From 2024...... 54,166
f Total of lines 3a through e ........ 405,804
4Qualifying distributions for 2025 from Part
XI, line 4: $ 173,405
a Applied to 2024, 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 2025 distributable amount..... 105,067
e Remaining amount distributed out of corpus 68,338
5 Excess distributions carryover applied to 2025. 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 5 474,142
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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		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 2020 not
applied on line 5 or line 7 (see instructions) ... 		82,869
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		391,273
10 Analysis of line 9:
a Excess from 2021 .... 141,568
b Excess from 2022 .... 61,732
c Excess from 2023 .... 65,469
d Excess from 2024 .... 54,166
e Excess from 2025 .... 68,338
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. 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 PURPOSE OF THE GRANT, LOAN, ETC. AND THE PARTIES TO CONTACT.
cAny submission deadlines:
APPLICATIONS FOR GRANTS/LOANS MAY BE SUBMITTED AT ANY TIME.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ALL RECIPIENTS ARE MONITORED TO ASSURE SATISFACTORY PERFORMANCE AND PROPER APPLICATION OF GRANT/LOAN FUND. RECIPIENTS MUST BE RESIDENTS OF IOWA PURSUING A CAREER IN CHRISTIAN SERVICE.
Form 990-PF (2025)
Form 990-PF (2025)
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)
aPaid during the year
NATHANIEL BAUM


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 4,000
JAMES BUSENITZ


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,250
BENJAMIN FLINCK


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,750
JORDAN FLINCK


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,000
DANIEL LUEPKE


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,150
TYLOR MOORE


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 3,000
ABIGAIL SPEICHINGER


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,250
SETH THOMPSON


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 5,000
LUKE TREIBER


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,000
JOSEPH TURMAN


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 5,000
TUAN ZA VAN


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,100
ETHAN WOOTEN


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,500
KRISTIN YUAN


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,000
WELSEY BLOMBERG


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 3,750
BENJAMIN FLINCK


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,500
DANIEL FOERSTER


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,500
REBECCA FRANKLIN


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,500
ETHAN HARTOG


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 500
ABIGAIL HENDRY


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,000
JESSE HUANG


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,500
CORBAN JIMENEZ


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,500
CHRISTINA KOTH


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,500
DANIEL LUEPKE


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 3,500
MARCO MUNIZ AZURIN


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 3,750
EZEQUIEL PEREZ MONSALVES


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,500
LUKE TREIBER


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 4,000
TUAN ZA VAN


801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,100
Total ................................. 3a 64,100
bApproved for future payment
WELSEY BLOMBERG

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 3,750
BENJAMIN FLINCK

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,500
DANIEL FOERSTER

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,500
REBECCA FRANKLIN

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,500
ETHAN HARTOG

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 500
JESSE HUANG

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,500
CORBAN JIMENEZ

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,500
CHRISTINA KOTH

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,500
DANIEL LUEPKE

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 3,500
MARCO MUNIZ AZURIN

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 3,750
EZEQUIEL PEREZ MONSALVES

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 2,500
LUKE TREIBER

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 4,000
TUAN ZA VAN

801 GRAND AVE STE 3700
DES MOINES,IA50309 		NONE   GRANT FOR POST-HIGH SCHOOL EDUCATION 1,100
Total ................................. 3b 32,100
Form 990-PF (2025)
Form 990-PF (2025)
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
aSTUDENT LOAN INTEREST         2,696
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 30,154  
4 Dividends and interest from securities ....     14 66,748  
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 ............ 		    18 244,014  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPAYMENTS IN LIEU OF DIVIDENDS OR INTEREST 		    14 29  
bOTHER REVENUE     14 962  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 341,907 2,696
13Total. Add line 12, columns (b), (d), and (e)..................
13
344,603
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		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 (2025)
Form 990-PF (2025)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
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
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
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
2a
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? ...........
b
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.
Signature of officer or trustee Date Title
Paid Preparer Use Only 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 (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 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 FXD RT SR NT 4.5% 5/15/35 60 UNITS 5,637 5,774
ABBVIE INC SR NT 5.050% 03/15/34 60 UNITS 5,930 6,176
AERCAP IRELAND CAP/GLOBA 3.3% 1/32 50 UNITS 4,239 4,623
AMAZON COM INC FXD 3.875% 08/22/37 40 UNITS 3,592 3,677
AMGEN INC 5.250% 03/02/30 50 UNITS 5,045 5,191
ASTRAZENECA FINL LLC NT 5% 2/26/34 50 UNITS 4,944 5,182
BP CAP MKTS AMER IN 4.812% 02/13/33 40 UNITS 3,957 4,057
BANK AMER CORP FXD 3.419% 12/20/28 70 UNITS 6,782 6,920
BANK AMER CORP MED TERM 2.592% 4/31 60 UNITS 5,491 5,595
BARCLAYS PLC 5.501% 08/09/28 50 UNITS 5,038 5,109
BROADCOM INC SR NT 4.75% 04/15/29 60 UNITS 6,079 6,116
CAMPBELL SOUP CO NT 5.20% 03/21/29 60 UNITS 6,043 6,150
CAPITAL ONE FINL CORP VARIABL 3/30 60 UNITS $45.82 ACCRUED INTEREST 5,864 5,871
CITIGROUP INC FIXED/2.666% 01/29/31 90 UNITS $51.32 ACCRUED INTEREST 8,461 8,485
DIAMONDBACK ENERGY INC 3.5% 12/1/29 40 UNITS 3,766 3,881
DIAMONDBACK ENERGY IN 6.25% 3/15/33 50 UNITS 5,225 5,397
ELEVANCE HLTH ANTHEM5.5% 10/15/2032 50 UNITS 5,065 5,270
EQUINIX INC SR NT 3.20% 11/18/29 40 UNITS 3,683 3,843
EXPEDIA GROUP INC SR 5.4% 2/15/35 60 UNITS 5,751 6,166
FEDERAL HOME LN MTG POOL #SD8276 30 UNITS 2,379 2,390
FORD MTR CR CO LLC 4.0% 11/13/30 70 UNITS 6,526 6,612
GXO LOGISTICS INC NT 1.650% 7/15/26 50 UNITS 4,580 4,929
GENERAL MTRS CO SR NT 6.8% 10/01/27 30 UNITS 3,141 3,122
GOLDMAN SACHS GROUP 5.016% 10/23/35 60 UNITS 5,803 6,042
GOLDMAN SACHS GROUP INC 5.727% 4/30 50 UNITS 5,258 5,227
HCA INC 5.45% 09/15/34 40 UNITS $56.92 ACCRUED INTEREST 4,183 4,180
HCA INC SR SECD NT 3.625% 3/15/32 60 UNITS 5,301 5,676
HSBC HOLDINGS PLC 3.973% 05/22/30 2 50 UNITS 4,929 4,942
HSBC HOLDINGS PLC SR 2.804% 5/24/32 50 UNITS 4,432 4,579
INTEL CORP SR NT 5.150% 02/21/34 50 UNITS 4,953 5,073
JPMORGAN CHASE & CO 2.069% 6/1/29 50 UNITS 4,713 4,776
JPMORGAN CHASE & CO 2.963% 01/25/33 50 UNITS 4,444 4,595
JPMORGAN CHASE & CO NT 2.739% 10/29 70 UNITS 6,373 6,644
JOHNSON CTLS INTL PLC/TYCO 4.9% 12/ 60 UNITS 5,843 6,126
KB HOME SR NT 4.80% 11/15/29 60 UNITS 5,843 5,976
LOWES COS INC NT 3.650% 04/05/29 50 UNITS 4,752 4,938
MERITAGE HOMES CORP GTD 5.125% 6/27 40 UNITS 4,025 4,027
METLIFE INC SR NT 5.30% 12/15/34 40 UNITS 4,171 4,168
MORGAN STANLEY 5.587% 01/18/36 40 UNITS $36.01 ACCRUED INTEREST 4,253 4,224
MORGAN STANLEY GLOB MED 2.239% 7/32 60 UNITS 5,100 5,337
MOSAIC CO NEW FXD RT 4.05% 11/15/27 30 UNITS 2,877 2,999
MOTOROLA SOLUTIONS INC 4.60% 05/29 40 UNITS 4,046 4,051
PACIFIC GAS & ELEC CO 3.15% 1/1/26 40 UNITS 3,823 4,000
PEPSICO INC 1.95% 10/21/31 60 UNITS 4,711 5,344
REALTY INCOME CORP SR 4.9% 7/15/33 50 UNITS 4,806 5,082
REPUBLIC SVCS INC 5.0% 12/15/33 60 UNITS 5,893 6,215
S&P GLOBAL INC SR NT 2.90% 03/01/32 40 UNITS 3,472 3,693
SATANDER HLDGS USA INC VAR 01/06/28 70 UNITS $81.34 ACCRUED INTEREST 6,953 6,962
SOUTHERN CALIF EDISON CO 1ST REF MT 70 UNITS 6,341 6,356
SPRINT CAP COR NT 6.875% 11/15/28 60 UNITS 6,365 6,441
STRYKER CORP NT 1.950% 06/15/30 70 UNITS 6,335 6,361
SUNOCO LOGISTICS PART 4.0% 10/01/27 30 UNITS 2,803 2,996
T-MOBILE USA INC SR 2.70% 03/15/32 80 UNITS $39.60 ACCRUED INTEREST 7,204 7,241
T-MOBILE USA INC SR 3.375% 4/15/29 50 UNITS 4,660 4,877
UBER TECHNOLOGIES INC 4.80% 9/15/34 60 UNITS 5,743 5,999
UNITED PARCEL SVC INC 4.875% 3/3/33 60 UNITS 5,927 6,191
UNITED STATES BANCORP MEDIUM 5.10% 60 UNITS 6,055 6,184
VERIZON COMMUNICATIONS 4.4% 11/1/34 60 UNITS 5,805 5,801
WELLS FARGO & CO MED 4.897% 7/25/33 60 UNITS 5,822 6,103
WELLS FARGO & CO MED TERM VAR 02/31 80 UNITS $53.15 ACCRUED INTEREST 7,514 7,531
WESTERN MIDSTREAM OPER 4.05% 2/1/30 60 UNITS 5,634 5,883
ZOETIS INC FXD RT SR NT 3.90% 08/28 50 UNITS 4,969 4,999

TY 2025 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
AIA GROUP LTD SPONSORED ADR 134 UNITS 4,815 5,498
ARM HLDGS PLC SPONS ADR NEW (TH8) 250 UNITS 34,738 27,328
ASML HLDG N V N Y REG 2012 (3C0) 2 UNITS 2,025 2,140
AT&T INC. COM (3C0) 149 UNITS 2,327 3,701
ABBOTT LABS COM 30 UNITS 3,949 3,759
ABBVIE INC COM (3C0) 52 UNITS 10,281 11,881
ACCENTURE PLC IRELAND CLASS SH(3C0) 45 UNITS 11,959 12,074
ACUITY BRANDS INC COM (3C0) 25 UNITS 6,005 9,001
ADOBE SYS INC COM (3C0) 18 UNITS 6,665 6,300
ADVANCED MICRO DEVICES INC COM 22 UNITS 3,527 4,712
ADVANTEST CORP SPONSORED ADR NEW 39 UNITS 3,232 4,927
AFLAC INC COM (3C0) 30 UNITS 1,812 3,308
ALLEGION PUB LTD CO ORD SHS 30 UNITS 4,659 4,777
ALLIANZ SE ADR ISIN #US0188201000 66 UNITS 2,781 3,036
ALPHABET INC CAP STK CL A (3C0) 184 UNITS 38,206 57,592
AMAZON COM INC (TH8) 200 UNITS 33,731 46,164
AMAZON COM INC. (3C0) 141 UNITS 28,336 32,546
AMEREN CORP COM 44 UNITS 4,631 4,394
AMERICAN EXPRESS COMPANY (3C0) 36 UNITS 6,781 13,318
AMPHASTAR PHARMACEUTICALS INC (3C0) 97 UNITS 2,931 2,598
ANTERO MIDSTREAM CORP COM 174 UNITS 3,317 3,095
APOLLO GLOBAL MGMT INC NEW COM 21 UNITS 3,042 3,040
APPLE INC COM 195 UNITS 42,109 53,013
APPLIED MATERIALS INC. (3C0) 12 UNITS 2,421 3,084
ARCH CAPITAL GROUP LTD (3C0) 59 UNITS 5,350 5,659
ARISTA NETWORKS INC COM NEW 42 UNITS 1,823 5,503
ASSURANT INC COM (3C0) 52 UNITS 9,261 12,524
ASTRAZENECA PLC SPONS (3C0) 99 UNITS 6,928 9,101
ATMOS ENERGY CORP COM (3C0) 54 UNITS 6,970 9,052
AUTOMATIC DATA PROCESSING INC (3C0) 10 UNITS 1,679 2,572
AXCELIS TECHNOLOGIES INC NEW (3C0) 37 UNITS 1,813 2,973
BAE SYS PLC SPONSORED ADR (3C0) 48 UNITS 4,147 4,458
BANCO BILBAO VIZCAYA ARGENTARIA (3C0) 440 UNITS 5,217 10,256
BANCO SANTANDER SA ADR #US05964H105 540 UNITS 4,444 6,334
BANK AMER CORP COM (3C0) 118 UNITS 4,418 6,490
BARCLAYS PLC ADR ISIN #US06738E2046 65 UNITS 1,391 1,654
BLACKROCK INC NEW COM 3 UNITS 2,120 3,211
BOOT BARN HLDGS INC COM 15 UNITS 3,114 2,647
BOSTON SCIENTIFIC CORP COM 32 UNITS 3,119 3,051
BRADY CORP CL A 52 UNITS 3,868 4,075
BROADCOM INC COM FKA BROADCOM LTD (3C0) 95 UNITS 21,810 32,880
CNX RES CORP COM 51 UNITS 2,054 1,875
CRH PLC SHS ISIN #IE0001827041 (3C0) 102 UNITS 10,266 12,730
CACI INTL INC CL A 24 UNITS 10,823 12,787
CARDINAL HEALTH INC COM 14 UNITS 2,146 2,877
CBOE GLOBAL MKTS INC COM (3C0) 58 UNITS 12,712 14,558
CELESTICA INC 17 UNITS 1,755 5,036
CELSIUS HLDGS INC COM NEW 53 UNITS 2,326 2,424
CENCORA INC F/K/A AMERISOURCEBERGEN 23 UNITS 3,870 7,768
CHECK POINT SOFTWARE TECHNOLOG (3C0) 18 UNITS 2,639 3,340
CHEVRON CORP NEW COM (3C0) 21 UNITS 3,156 3,201
CHUBB LTD COM ISIN #CH00443287(3C0) 32 UNITS 7,617 9,988
CINTAS CORP COM (5JM) 14 UNITS 1,770 2,633
CISCO SYSTEMS INC. 130 UNITS 7,826 10,014
CLEAR SECURE INC CL A 103 UNITS 2,847 3,613
COCA COLA COMPANY (3C0) 116 UNITS 7,892 8,110
CONSTELLATION ENERGY CORP COM 10 UNITS 2,204 3,533
COPA HOLDINGS SA CL A COM 42 UNITS 4,676 5,066
CUMMINS INC. 13 UNITS 4,678 6,636
CURTISS WRIGHT CORP (3C0) 20 UNITS 3,613 11,025
DT MIDSTREAM INC COM (3C0) 54 UNITS 5,305 6,463
DANAHER CORP COM (3C0) 13 UNITS 2,972 2,976
DANONE SPONSORED ADR 237 UNITS 4,068 4,275
DECKERS OUTDOOR CORP COM (3C0) 29 UNITS 3,262 3,006
DISNEY WALT CO DISNEY COM (3C0) 28 UNITS 3,061 3,186
DOCUSIGN INC COM (3C0) 96 UNITS 5,930 6,566
DORMAN PRODS INC. COM (3C0) 58 UNITS 7,882 7,145
DROPBOX INC CL A 143 UNITS 3,966 3,975
DUKE ENERGY CORP NEW COM NEW (3C0) 47 UNITS 5,576 5,509
EATON CORP PLC SHS 11 UNITS 4,141 3,504
ELEMENT SOLUTIONS INC COM (3C0) 82 UNITS 1,917 2,049
EMCORE GROUP INC. (3C0) 31 UNITS 8,452 18,965
ENGIE SPONSORED ADR (3C0) 189 UNITS 4,341 4,965
ENSIGN GROUP INC COM (3C0) 73 UNITS 7,198 12,717
ERSTE BK GROUP AG SPONS ADR (3C0) 148 UNITS 3,499 8,916
ESSENTIAL PPTYS RLTY TR INC (3C0) 79 UNITS 1,870 2,343
EVERTEC INC COM (3C0) 178 UNITS 6,032 5,178
EXELIXIS INC COM (3C0) 103 UNITS 4,397 4,514
EXXON MOBIL CORP COM (3C0) 54 UNITS 4,484 6,498
FABRINET SHS ISIN #KYG3323L105(3C0) 16 UNITS 3,749 7,284
FIFTH THIRD BANCORP COM 75 UNITS 2,670 3,511
FIVE9 INC COM 175 UNITS 5,930 3,509
FOX CORP CL A COM (3C0) 190 UNITS 7,169 13,883
FRESHWORKS INC CL A 287 UNITS 4,219 3,516
GE VERNOVA INC COM 6 UNITS 3,780 3,921
GARMIN LTD SHS ISIN #CH011440 (3C0) 12 UNITS 2,537 2,434
GENERAL ELECTRIC COMPANY 25 UNITS 3,305 7,701
GENPACT LTD SHS (3C0) 145 UNITS 6,771 6,783
GOLD FIELDS LTD NEW SPONS ADR 92 UNITS 2,146 4,017
GOLDMAN SACHS GROUP INC COM (3C0) 8 UNITS 3,053 7,032
HALOZYME THERAPEUTICS INC COM 48 UNITS 2,160 3,230
HERSHEY CO COM (3C0) 16 UNITS 3,036 2,912
HOME DEPOT INC. COM 10 UNITS 3,779 3,441
INDYMAC MORTGAGE HOLDINGS 2,350 UNITS 52,417 0
IBERDROLA S A SPONSORED ADR (3C0) 68 UNITS 3,854 5,875
IDACORP INC COM 16 UNITS 1,784 2,025
INTERNATIONAL BUSINESS MACHS (3C0) 15 UNITS 3,433 4,443
INTESA SANPAOLO S P A SPONS ADR 104 UNITS 3,517 4,327
INTUIT COM 6 UNITS 4,189 3,975
INTUITIVE SURGICAL INC COM NEW 4 UNITS 2,201 2,265
JP MORGAN CHASE & CO COM 53 UNITS 9,441 17,078
JABIL INC COM (3C0) 18 UNITS 2,573 4,104
JAPAN TOB INC 392 UNITS 6,594 7,032
JOHNSON & JOHNSON COM 74 UNITS 12,073 15,314
KDDI CORP ADR ISIN #US48667L1 (3C0) 177 UNITS 3,013 3,060
KLA CORP COM 4 UNITS 3,096 4,860
LCI INDS COM 24 UNITS 2,966 2,912
LEIDOS HLDGS INC COM 29 UNITS 4,040 5,232
LEONARDO FINMECCANICA S.P.A. UNSPON 179 UNITS 5,150 5,118
LILLY ELI & CO COM (3C0) 17 UNITS 12,992 18,270
LINDE PLC NEW SHS ISIN #IE000S(3C0) 14 UNITS 5,293 5,969
LINDE PLC NEW SHS ISIN #IE000S(5JM) 2 UNITS 468 853
LOGITECH INTL SA APPLES NAMEN AKT 56 UNITS 5,426 5,612
MASTERCARD INC CL A 6 UNITS 3,375 3,425
MCDONALDS CORP (3C0) 15 UNITS 4,080 4,584
MCKESSON CORP COM (3C0) 6 UNITS 3,781 4,922
META PLATFORMS INC CL A (3C0) 35 UNITS 21,169 23,103
MICRON TECHNOLOGY INC COM 19 UNITS 3,164 5,423
MICROSOFT CORPORATION 117 UNITS 50,419 56,584
MORGAN STANLEY COM NEW (3C0) 81 UNITS 9,349 14,380
NATIONAL FUEL GAS CO COM (3C0) 97 UNITS 7,794 7,766
NATIONAL GRID PLC SPON ADR NEW 70 UNITS 3,018 5,415
NETAPP INC. COM 23 UNITS 2,654 2,463
NETFLIX INC COM (3C0) 44 UNITS 5,354 4,125
NEWMONT CORP COM 54 UNITS 4,657 5,392
NEXTPOWER INC F/K/A NEXTRACKER INC 23 UNITS 2,105 2,004
NITTO DENKO CORP ADR 172 UNITS 3,432 4,086
NOVARTIS AG SPONSORED ADR 33 UNITS 3,760 4,550
NYENT ELECTRIC PLC (3C0) 142 UNITS 12,259 14,480
NVIDIA CORP COM (3C0) 370 UNITS 54,126 69,005
OSI SYS INC COM 37 UNITS 5,098 9,437
OMNICOM GROUP INC COM (3C0) 157 UNITS 12,476 12,678
PALOMAR HLDGS INC COM 37 UNITS 4,430 4,986
PARKER-HANNIFIN CORP COM (3C0) 13 UNITS 4,399 11,426
PAYPAL HLDGS INC COM (3C0) 81 UNITS 5,892 4,729
PENTAIR PLC SHS 22 UNITS 1,696 2,291
PHILIP MORRIS INTL INC. COM (3C0) 22 UNITS 3,612 3,529
PHOTRONICS INC COM (3C0) 89 UNITS 3,145 2,848
PROCTOR & GAMBLE CO COM 39 UNITS 5,760 5,589
PROGRESSIVE CORP OH COM (3C0) 17 UNITS 4,275 3,871
QUALYS INC COM 63 UNITS 9,128 8,373
RTX CORP COM 32 UNITS 3,857 5,869
RALPH LAUREN CORP CL A 28 UNITS 5,396 9,901
REPSOL YPF SA SPONS ADR 222 UNITS 4,059 4,147
ROYAL BK CDA MONTREAL QUE ISI (3C0) 35 UNITS 4,291 5,967
ROYALTY PHARMA PLC REGISTERED SHS A 135 UNITS 4,992 5,216
SEI INVTS CO COM 111 UNITS 9,374 9,104
SALESFORCE INC COM 28 UNITS 6,923 7,417
SHARKNINJA INCOPORATED REG SHS 25 UNITS 2,748 2,798
SIEMENS ENERGY AG ADR 122 UNITS 13,673 17,098
SIGNET JEWELERS LIMITED 33 UNITS 2,802 2,735
SOLENO THERAPEUTICS INC COM PAR 63 UNITS 3,824 2,917
SONY GROUP CORP AMERN SH NEW (3C0) 143 UNITS 4,182 3,661
SOUTHERN CO COM (3C0) 54 UNITS 3,819 4,709
SPROUTS FMRS MKT INC COM (3C0) 24 UNITS 2,532 1,912
STERIS PLC REGISTERED SHS (3C0) 16 UNITS 4,171 4,056
STERLING INFRASTRUCTURE INC COM 52 UNITS 11,897 15,924
STOCK YDS BANCORP INC COM 38 UNITS 2,799 2,468
STRYKER CORP (3C0) 21 UNITS 5,769 7,381
SUMITOMO MITSUI FINL GROUP INC 302 UNITS 3,690 5,838
SUNCOR ENERGY INC NEW COM (3C0) 100 UNITS 4,133 4,436
TE CONNECTIVITY LTD REG SHS (3C0) 28 UNITS 4,332 6,370
TJX COS INC NEW COM (5JM) 17 UNITS 2,410 2,611
TAIWAN SEMICONDUCTOR MFG CO (3C0) 35 UNITS 4,020 10,636
TALEN ENERGY CORP NEW COM 12 UNITS 4,941 4,498
TENCENT HLDGS LTD ADR ISIN (3C0) 124 UNITS 7,544 9,492
TESCO PLC SPONS ADR NEW 302 UNITS 4,394 5,433
TESLA INC COM (3C0) 22 UNITS 9,552 9,894
TORONTO DOMINION BK ONT COM NEW (3C 86 UNITS 6,242 8,101
TOYOTA MTR CO SPON ADR (3C0) 33 UNITS 6,523 7,064
TRUSTMARK CORP COM 106 UNITS 3,395 4,129
UBER TECHNOLOGIES INC COM 60 UNITS 5,304 4,903
UNION PACIFIC 175 UNITS 1,363 40,481
UNITEDHEALTH GROUP INC COM 23 UNITS 7,805 7,593
UNIVERSAL HEALTH SVCS INC CL B 55 UNITS 10,055 11,991
URBAN OUTFITTERS INC COM (3C0) 53 UNITS 3,906 3,989
VERIZON COMMUNICATIONS INC COM 75 UNITS 2,943 3,055
VERTIV HLDGS CO CL A 27 UNITS 3,850 4,374
VIPSHOP HLDGS LTD SPONS ADR (3C0) 185 UNITS 3,690 3,273
VIRTU FINL INC CL A 113 UNITS 4,161 3,765
VISA INC NEW CL A (3C0) 19 UNITS 5,407 6,663
WAL MART STORES INC COM (3C0) 46 UNITS 2,210 5,125
WASTE MGMT INC DEL COM (3C0) 23 UNITS 4,131 5,053
WELLS FARGO & CO NEW COM (3C0) 61 UNITS 2,700 5,685
WILLIAMS COS INC COM (3C0) 141 UNITS 7,905 8,476
WILLIAMS SONOMA INC COM (3C0) 22 UNITS 3,608 3,929
WINTRUST FINL CORP COM (3C0) 76 UNITS 8,529 10,626
YETI HLDGS INC COM 142 UNITS 6,076 6,272
ZIJIN MNG GROUP CO LTD ADR CL H 34 UNITS 2,642 3,104

TY 2025 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
AMERICAN CENTY AVANTIS INTL SMALL C 33 UNITS AT COST 2,926 3,101
AMERICAN CENTY AVANTIS US SMALL CAP 11 UNITS AT COST 838 1,122
ISHARES INC CORE MSCI EMERGING MKTS 46 UNITS AT COST 3,038 3,092
ISHARES TR CORE MSCI TOTAL INTL STK 391 UNITS AT COST 28,794 33,094
ISHARES TR CORE S&P SMALL-CAP ETF 169 UNITS AT COST 17,364 20,310
ISHARES TR IBOXX $ HIGH YIELD CORP 398 UNITS AT COST 31,418 32,091
ISHARES TR MORNINGSTAR MID CAP VALU 13 UNITS AT COST 857 1,070
ISHARES TR MSCI EAFE VALUE ETF 72 UNITS AT COST 4,860 5,142
ISHARES TR MSCI INTL QUALITY FACTOR 187 UNITS AT COST 8,231 8,499
JANUS DETROIT STR TR HENDERSON SMAL 15 UNITS AT COST 994 1,223
PACER FDS TR US LARGE CAP CASH COWS 85 UNITS AT COST 2,486 2,993
SCHWAB STRATEGIC TR INTL LARGE CO I 287 UNITS AT COST 12,354 12,975
SCHWAB STRATEGIC TR SCHWAB EMERGING 255 UNITS AT COST 9,189 9,195
SCHWAB STRATEGIC TR SCHWAB US LARGE 397 UNITS AT COST 8,797 10,802
SCHWAB STRATEGIC TR US LARGE CAP GR 734 UNITS AT COST 19,605 23,943
SPDR SER TR BLOOMBERG HIGH YIELD BD 149 UNITS AT COST 14,176 14,484
SPDR SER TR PORTFOLIO S&P 500(SPLG) 1,029 UNITS AT COST 68,352 82,546
SPDR SER TR SHORT TERM HIGH YIELD B 124 UNITS AT COST 3,108 3,140
VANGUARD INTL EQUITY INDEX ALL WORL 61 UNITS AT COST 7,508 8,743
BRIXMORE PPTY GROUP INC 238 UNITS AT COST 6,580 6,240
GETTY RLTY CORP NEW COM 108 UNITS AT COST 3,008 2,956
NAVIGATOR TACTICAL FIXED INCOME FD 5,350.061 UNITS AT COST 50,940 51,682
PACIFIC OAK STRATEGIC OPP REIT 5,234.847 UNITS AT COST 51,672 52
PROLOGIS INC COM (3C0) 61 UNITS AT COST 7,718 7,787
SIMON PPTY GROUP INC NEW COM (3C0) 16 UNITS AT COST 2,761 2,962
VENTAS INC COM 21 UNITS AT COST 1,440 1,625

TY 2025 OtherExpensesSchedule
Name:
ELMER O & IDA PRESTON EDUCATIONAL TRUST
EIN:
42-6053621
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATIVE EXPENSE 5,005 0 0 5,005
INVESTMENT INTEREST EXPENSE 25 25 0 0
MANAGEMENT FEES 25,037 25,037 0 0
ADVISORY FEES 24,899 24,899 0 0
BOND PREMIUM 312 312 0 0


TY 2025 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 2,696 2,696 0
PAYMENTS IN LIEU OF DIVIDENDS OR INTEREST 29 29 0
OTHER REVENUE 962 962 0


TY 2025 OtherIncreasesSchedule
Name:
ELMER O & IDA PRESTON EDUCATIONAL TRUST
EIN:
42-6053621
Description Amount
NONDIVIDEND DISTRIBUTIONS 131


TY 2025 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 1,704 1,704 0 0
FEDERAL EXCISE TAX-ESTIMATES PAID 673 0 0 0