Bless your heart this cake is worth making! Take grandma’s old bundt pan out and let’s get to baking this new favorite from our friends at A Fork’s Tale blog. You won’t be sorry! (Except that you may not have any leftover – it’s that good!)
Preheat oven to 325. Grease and flour Bundt pan (use a lighter color Bundt pan or angel food tube pan). Beat the butter, shortening, and sugar in a large bowl until light and fluffy. Add eggs in one at a time, beating with each addition. In a separate bowl, mix salt, baking powder and flour. Add flour mixture to the butter mixture in thirds, alternating with half of the Cheerwine. Beat only until the batter is smooth after each addition. Quickly beat in 2 tsp almond extract and ½ jar of crushed maraschino cherries. Pour into greased pan. Bake 1 hour and 15-30 minutes. Cool cake on wire rack.
Meanwhile, make frosting. Mix powder sugar, white chocolate, butter, cream cheese, ½ jar of crushed maraschino cherries and 1 tsp almond extract until smooth. Once cake has completely cooled, frost cake.