Our receivables from preneed funeral trusts represent assets in trusts which are controlled and operated by third parties in which we do not have a controlling financial interest (less than 50%) in the trust assets. We account for these investments at cost. Receivables from preneed funeral trusts are as follows (in thousands):


	June 30, 2025		December 31, 2024
Preneed funeral trust funds, at cost	$	22,733	$	23,063
Less: allowance for contract cancellation	(682)		(691)
Receivables from preneed funeral trusts, net including HFS	$	22,051	$	22,372
Less: Held for sale	(27)		—
Receivables from preneed funeral trusts, net	$	22,024	$	22,372

The following summary reflects the composition of the assets held in trust and controlled by third parties to satisfy our future obligations related to the underlying preneed funeral contracts at June 30, 2025 and December 31, 2024. The cost basis includes reinvested interest and dividends that have been earned on the trust assets. Fair value includes unrealized gains and losses on trust assets.

The composition of the preneed trust funds at June 30, 2025, is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,964	$	6,964
Fixed income investments	12,530		12,530
Mutual funds and common stocks	3,235		3,082
Annuities	4		4
Total	$	22,733	$	22,580

The composition of the preneed trust funds at December 31, 2024, is as follows (in thousands):


	Historical Cost Basis		Fair Value
Cash and cash equivalents	$	6,826	$	6,826
Fixed income investments	12,998		12,998
Mutual funds and common stocks	3,235		2,999
Annuities	4		4
Total	$	23,063	$	22,827