Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
JOHN B & BROWNIE YOUNG MEMORIAL FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2907 - TRUST TAX DEPT
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WILSON, NC278942907
A Employer identification number

61-6025137
B Telephone number (see instructions)

(270) 688-7878
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$14,607,100J Accounting method:
 
(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) 86,991
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 410,970 410,970  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 198,659
b Gross sales price for all assets on line 6a 4,351,496
7 Capital gain net income (from Part IV, line 2)... 198,659
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 696,620 609,629  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 81,799 36,900   44,900
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... 1,200     1,200
c Other professional fees (attach schedule).... 50,000     50,000
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 23,283 10,059   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications.......... 414 0 0 414
23 Other expenses (attach schedule)....... 230 230    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 156,926 47,189 0 96,514
25 Contributions, gifts, grants paid....... 906,367 906,367
26 Total expenses and disbursements. Add lines 24 and 25 1,063,293 47,189 0 1,002,881
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -366,673
b Net investment income (if negative, enter -0-) 562,440
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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.............      
2 Savings and temporary cash investments......... 444,331 467,170 467,170
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet     0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet  
Less: allowance for doubtful accounts bullet0      
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)....... 7,957,174 8,050,883 8,573,014
c Investments—corporate bonds (attach schedule)....... 5,749,602 5,655,819 5,566,916
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 326,132   0
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,477,239 14,173,872 14,607,100
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 14,477,239 14,173,872
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 14,477,239 14,173,872
31 Total liabilities and net assets/fund balances (see instructions). 14,477,239 14,173,872
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 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
14,477,239
2
Enter amount from Part I, line 27a .....................
2
-366,673
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
64,285
4
Add lines 1, 2, and 3 ..........................
4
14,174,851
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
979
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
14,173,872
Form 990-PF (2018)
Form 990-PF (2018)
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 100000. KEYCORP DTD 11/13/2013 2.3% 12/13/2018   2014-02-28 2018-01-02
b 125000. FED NATL MTG ASSN 1.625% 11/27/18   2015-08-18 2018-01-12
c 75000. US TREASURY NOTE DTD 11/17/2008 3.75% 11   2014-01-30 2018-01-18
d 200. AT&T INC   2016-05-19 2018-01-23
e 100. CENTENE CORP   2016-02-25 2018-01-23
15000. GENERAL ELEC CAP CORP DTD 02/11/2011 5.3   2013-10-03 2018-01-23
15000. GENERAL ELEC CAP CORP DTD 02/11/2011 5.3   2013-10-03 2018-01-23
940. HASBRO INC   2016-11-29 2018-01-23
2947. IQ HEDGE MULTI-STRATEGY TRACKER ETF   2015-07-24 2018-01-23
2595. IQ HEDGE MULTI-STRATEGY TRACKER ETF   2017-03-21 2018-01-23
1470. ISHARES MSCI EMERGING MKTS INDEX FUND   2013-10-11 2018-01-23
260. I SHARES EAFE INDEX FUND   2014-09-19 2018-01-23
336. ISHARES TR MSCI SMALL CAP ETF   2013-10-11 2018-01-23
342. ISHARES MSCI EAFE VALUE INDEX FUND   2013-10-11 2018-01-23
176. ISHARES MSCI EAFE GROWTH INDEX FUND   2015-06-18 2018-01-23
1388. ISHARES CORE MSCI EMERGING MARKETS ETF   2015-07-24 2018-01-23
578. SPDR PORTFOLIO WORLD EX-US ETF   2013-10-11 2018-01-23
9518.919 STERLING CAPITAL L/S EQUITY-INS   2017-03-21 2018-01-23
8833.332 STERLING CAPITAL L/S EQUITY-INS   2016-12-21 2018-01-23
280. VERIZON COMMUNICATIONS INC   2016-05-19 2018-01-23
20000. GENERAL ELEC CAP CORP DTD 02/11/2011 5.3   2013-10-03 2018-01-26
75000. D.R. HORTON INC DTD 08/05/2013 5.75% 08/   2017-06-15 2018-02-09
60000. O'REILLY AUTOMOTIVE INC DTD 03/08/2016 3   2017-06-30 2018-02-09
60000. NEWELL BRANDS INC DTD 03/30/2016 3.15% 0   2017-11-14 2018-02-28
75000. VISA INC DTD 12/14/2015 2.2% 12/14/2020   2015-12-09 2018-04-20
75000. CVS HEALTH CORP DTD 05/25/2016 2.875% 06   2016-05-16 2018-04-24
50000. GEORGE WASHINGTON UNIVERSITY DTD 08/25/2011 3.576% 09/15/2021   2013-11-04 2018-04-27
2750. OGE ENERGY CORP COMMON   2015-03-12 2018-05-03
50000. APACHE CORP DTD 04/09/2012 CALLABLE 3.25   2015-02-03 2018-05-08
30. AMAZON INC COMMON   2016-12-21 2018-05-18
160. AUTODESK, INC. COMMON   2018-01-23 2018-05-18
40. AUTODESK, INC. COMMON   2017-06-19 2018-05-18
250. CISCO SYSTEMS   2016-02-25 2018-05-18
1160. EMCOR GROUP INC   2016-11-29 2018-05-18
2000. HANESBRANDS INC   2017-11-22 2018-05-18
2836. HANESBRANDS INC   2013-08-20 2018-05-18
186. ISHARES MSCI EMERGING MKTS INDEX FUND   2013-10-11 2018-05-18
251. I SHARES EAFE INDEX FUND   2014-09-19 2018-05-18
80. ISHARES RUSSELL 1000 GROWTH INDEX   2018-01-23 2018-05-18
119. CEF ISHARES TR S&P   2017-03-21 2018-05-18
365. ISHARES TR MSCI SMALL CAP ETF   2013-10-11 2018-05-18
213. ISHARES MSCI EAFE VALUE INDEX FUND   2013-10-11 2018-05-18
223. ISHARES MSCI EAFE GROWTH INDEX FUND   2015-06-18 2018-05-18
209. ISHARES CORE MSCI EMERGING MARKETS ETF   2015-07-24 2018-05-18
595. MCDONALDS CORPORATION   2016-11-29 2018-05-18
120. MICROSOFT CORPORATION   2016-02-25 2018-05-18
20. S & P 500 DEPOSITARY RECEIPT COMMON   2018-01-23 2018-05-18
639. SPDR PORTFOLIO WORLD EX-US ETF   2013-10-11 2018-05-18
250. VALERO ENERGY CORP   2016-11-29 2018-05-18
200. VISA INC   2016-12-21 2018-05-18
150000. ENERGY N W WA ELEC REVENUE TXBL COLUMBIA GENERATING SER E DTD   2013-10-18 2018-07-01
100000. HILLSBOROUGH CNTY FL SCH BRD COPS MASTER LEASE PROG-SER A DTD   2016-10-17 2018-07-01
4000. HCP INC DTD 01/24/2011 CALLABLE 5.375% 0   2017-02-16 2018-07-16
50000. MICROSOFT CORP DTD 11/03/2015 3.125% 11/   2015-12-08 2018-08-07
75000. SOUTHERN COMPANY DTD 8/27/2013 2.45% 09/   2013-11-13 2018-09-01
365. BROADRIDGE FINANCIAL SOLUTIONS INC   2012-03-13 2018-09-11
210. CENTENE CORP   2013-11-21 2018-09-11
490. I SHARES EAFE INDEX FUND   2014-09-19 2018-09-11
168. ISHARES TR RUSSELL 1000 VALUE INDEX FUND   2018-01-23 2018-09-11
252. ISHARES RUSSELL 1000 GROWTH INDEX   2016-05-19 2018-09-11
83. CEF ISHARES TR S&P   2017-03-21 2018-09-11
530. ISHARES TR MSCI SMALL CAP ETF   2013-10-11 2018-09-11
332. ISHARES MSCI EAFE VALUE INDEX FUND   2013-10-11 2018-09-11
557. ISHARES MSCI EAFE GROWTH INDEX FUND   2015-06-18 2018-09-11
1000. NEWFIELD EXPL CO COM   2017-11-22 2018-09-11
2120. NEWFIELD EXPL CO COM   2016-05-19 2018-09-11
123. S & P 500 DEPOSITARY RECEIPT COMMON   2016-05-19 2018-09-11
1296. SPDR PORTFOLIO WORLD EX-US ETF   2013-10-11 2018-09-11
200. SANOFI-AVENTIS SPONSORED ADR   2018-05-18 2018-09-11
2335. SANOFI-AVENTIS SPONSORED ADR   2016-11-29 2018-09-11
500. WESTERN UNION COMPANY   2017-11-22 2018-09-11
4315. WESTERN UNION COMPANY   2014-09-19 2018-09-11
50000. ANHEUSER-BUSCH INBEV FIN DTD 01/25/2016   2016-01-13 2018-10-02
50000. FED HOME LOAN MTG CORP DTD 03/27/2009 3.   2015-11-03 2018-10-05
40000. MORGAN STANLEY DTD 01/24/2014 2.5% 01/2   2014-06-23 2018-10-30
.667 ARCOSA INC COMMON   2017-11-22 2018-11-05
150000. NORTHWESTERN UNIVERSITY DTD 10/29/2013 1   2013-10-22 2018-12-01
175000. NEW JERSEY ST TRANSPRTN TRUSTFUND AUTH TXBL REF TRANSPRTN SYS   2013-09-30 2018-12-15
966. ARCOSA INC COMMON   2017-11-22 2018-12-18
455. CISCO SYSTEMS   2016-02-25 2018-12-18
400. COCA COLA COMPANY   2017-06-19 2018-12-18
100. CROWN CASTLE INTL CORP COMMON   2017-11-22 2018-12-18
100. DOMINION RESOURCES INC/VA COMMON   2018-01-23 2018-12-18
516. I SHARES EAFE INDEX FUND   2014-09-19 2018-12-18
104. ISHARES RUSSELL MIDCAP INDEX FUND   2018-09-11 2018-12-18
21. ISHARES RUSSELL MIDCAP INDEX FUND   2018-01-23 2018-12-18
62. ISHARES TR RUSSELL 1000 VALUE INDEX FUND   2018-01-23 2018-12-18
162. ISHARES TR MSCI SMALL CAP ETF   2013-10-11 2018-12-18
677. ISHARES MSCI EAFE VALUE INDEX FUND   2013-10-11 2018-12-18
343. ISHARES MSCI EAFE GROWTH INDEX FUND   2014-03-10 2018-12-18
480. LAM RESH CORP   2015-10-16 2018-12-18
400. MERCK & CO INC   2016-05-19 2018-12-18
250. MICROSOFT CORPORATION   2015-10-16 2018-12-18
180. PROCTOR AND GAMBLE COMPANY   2016-05-19 2018-12-18
27. S & P 500 DEPOSITARY RECEIPT COMMON   2018-01-23 2018-12-18
1305. SPDR PORTFOLIO WORLD EX-US ETF   2013-10-11 2018-12-18
1500. SCHLUMBERGER LTD   2018-05-18 2018-12-18
730. THOR INDUSTRIES INC   2014-12-01 2018-12-18
2100. THE TIMKEN COMPANY COMMON   2017-06-19 2018-12-18
2900. TRINITY INDS INC   2017-11-22 2018-12-18
250. VERIZON COMMUNICATIONS INC   2016-05-19 2018-12-18
600. VODAFONE GROUP PLC SPON ADR   2018-01-23 2018-12-18
3255. VODAFONE GROUP PLC SPON ADR   2016-05-19 2018-12-18
(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 100,058   100,125 -67
b 124,751   125,486 -735
c 76,177   76,383 -206
d 7,430   7,674 -244
e 11,174   5,691 5,483
15,999   15,699 300
15,997   15,699 298
85,262   80,874 4,388
91,576   86,928 4,648
80,638   75,237 5,401
74,668   62,923 11,745
19,385   17,178 2,207
22,930   16,537 6,393
20,111   18,957 1,154
14,990   12,753 2,237
84,910   62,642 22,268
19,338   16,413 2,925
95,189   84,467 10,722
88,333   79,500 8,833
14,865   13,868 997
21,304   20,900 404
83,094   84,806 -1,712
59,020   60,739 -1,719
59,369   60,826 -1,457
73,843   74,936 -1,093
68,353   74,354 -6,001
51,034   50,376 658
92,251   81,669 10,582
49,291   50,212 -921
47,492   23,077 24,415
22,209   18,966 3,243
5,552   4,237 1,315
10,837   6,596 4,241
89,464   82,269 7,195
36,393   40,142 -3,749
51,605   42,121 9,484
8,568   7,962 606
17,915   16,584 1,331
11,349   11,565 -216
9,808   8,098 1,710
24,172   17,937 6,235
11,867   11,807 60
18,293   16,159 2,134
11,672   9,432 2,240
95,648   71,530 24,118
11,612   6,176 5,436
5,437   5,663 -226
20,506   18,145 2,361
30,056   15,998 14,058
26,007   15,636 10,371
150,000   150,000  
100,000   100,000  
4,236   4,239 -3
49,183   50,304 -1,121
75,000   75,000  
50,046   8,857 41,189
30,287   5,980 24,307
32,242   32,374 -132
21,358   21,860 -502
38,922   24,715 14,207
7,406   5,648 1,758
32,404   26,045 6,359
16,568   18,403 -1,835
43,560   40,362 3,198
26,931   30,752 -3,821
57,094   83,888 -26,794
35,565   26,424 9,141
38,642   36,800 1,842
8,481   7,836 645
99,019   94,648 4,371
9,575   9,851 -276
82,631   72,085 10,546
49,247   49,844 -597
50,301   50,635 -334
39,964   40,000 -36
21   19 2
150,000   150,000  
175,000   172,914 2,086
22,446   28,204 -5,758
19,962   12,005 7,957
19,165   18,086 1,079
11,042   11,010 32
7,349   7,572 -223
30,565   34,092 -3,527
4,895   5,794 -899
988   1,148 -160
6,952   8,067 -1,115
8,430   7,961 469
30,777   37,527 -6,750
23,863   24,614 -751
66,090   32,663 33,427
29,458   21,723 7,735
25,821   12,160 13,661
16,537   14,399 2,138
6,860   7,645 -785
35,174   37,056 -1,882
56,871   111,770 -54,899
37,566   42,443 -4,877
78,458   97,537 -19,079
60,659   70,278 -9,619
13,851   12,383 1,468
11,865   19,332 -7,467
64,367   103,933 -39,566
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       -67
b       -735
c       -206
d       -244
e       5,483
      300
      298
      4,388
      4,648
      5,401
      11,745
      2,207
      6,393
      1,154
      2,237
      22,268
      2,925
      10,722
      8,833
      997
      404
      -1,712
      -1,719
      -1,457
      -1,093
      -6,001
      658
      10,582
      -921
      24,415
      3,243
      1,315
      4,241
      7,195
      -3,749
      9,484
      606
      1,331
      -216
      1,710
      6,235
      60
      2,134
      2,240
      24,118
      5,436
      -226
      2,361
      14,058
      10,371
       
       
      -3
      -1,121
       
      41,189
      24,307
      -132
      -502
      14,207
      1,758
      6,359
      -1,835
      3,198
      -3,821
      -26,794
      9,141
      1,842
      645
      4,371
      -276
      10,546
      -597
      -334
      -36
      2
       
      2,086
      -5,758
      7,957
      1,079
      32
      -223
      -3,527
      -899
      -160
      -1,115
      469
      -6,750
      -751
      33,427
      7,735
      13,661
      2,138
      -785
      -1,882
      -54,899
      -4,877
      -19,079
      -9,619
      1,468
      -7,467
      -39,566
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 2 198,659
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
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 1,013,757 15,935,827 0.063615
2016 1,059,135 15,392,733 0.068807
2015 967,568 16,427,267 0.0589
2014 1,156,939 17,219,834 0.067186
2013 1,013,268 17,210,939 0.058873
2
Total of line 1, column (d) .....................
2
0.317381
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.063476
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
15,877,524
5
Multiply line 4 by line 3......................
5
1,007,842
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
5,624
7
Add lines 5 and 6........................
7
1,013,466
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,002,881
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
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 Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 11,249
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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 11,249
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 11,249
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 8,120
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,120
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.......Bullet 9 3,129
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet0 RefundedBullet 11 0
Part VII-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 Instructions
for 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. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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:
  • 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?................
    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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletKY
    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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbullet  
    14
    The books are in care ofbulletBRANCH BANKING AND TRUST COMPANY Telephone no.bullet (270) 688-7878

    Located atbullet100 W 3RD STOWENSBOROKY ZIP+4bullet42303
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 bullet  
    Part VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
     
     
    ........bullet
    c
    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 2018?.............
    1c
     
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 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.
    bullet20, 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?......................
    b
    If "Yes," did it have excess business holdings in 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
     
    .........bullet
    c
    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).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    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?
    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? .................
    Part VIII
    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
    BRANCH BANKING AND TRUST COMPANY TRUSTEE
    12     		73,799    
    100 W 3RD ST
    OWENSBORO,KY42303
    DAVIESS CO BOARD OF ED COMMITTEE MEMBER
    0     		2,000    
    PO BOX 21510
    OWENSBORO,KY42304
    MCLEAN CO BOARD OF ED COMMITTEE MEMBER
    0     		2,000    
    PO BOX 245
    CALHOUN,KY42327
    OWENSBORO BOARD OF ED COMMITTEE MEMBER
    0     		2,000    
    450 GRIFFITH AVE
    OWENSBORO,KY42301
    OWENSBORO CATHOLIC SCHOOL COMMITTEE MEMBER
    0     		2,000    
    600 LOCUST STREET
    OWENSBORO,KY42301
    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...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    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.............bullet0
    Part IX-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 IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    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
    15,532,399
    b
    Average of monthly cash balances.......................
    1b
    586,915
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    16,119,314
    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
    16,119,314
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    241,790
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    15,877,524
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    793,876
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    793,876
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    11,249
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,249
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    782,627
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    62,056
    5
    Add lines 3 and 4............................
    5
    844,683
    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 XIII, line 1 ...
    7
    844,683
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,002,881
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,002,881
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,002,881
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 844,683
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 41,036
    b From 2014...... 265,200
    c From 2015...... 52,606
    d From 2016...... 229,256
    e From 2017...... 107,577
    fTotal of lines 3a through e........ 695,675
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,002,881
    a Applied to 2017, 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 2018 distributable amount..... 844,683
    e Remaining amount distributed out of corpus 158,198
    5 Excess distributions carryover applied to 2018. 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 5 853,873
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		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 2013 not
    applied on line 5 or line 7 (see instructions) ...     		41,036
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		812,837
    10 Analysis of line 9:
    a Excess from 2014.... 265,200
    b Excess from 2015.... 52,606
    c Excess from 2016.... 229,256
    d Excess from 2017.... 107,577
    e Excess from 2018.... 158,198
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2018, enter the date of the ruling....... bullet
     
    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 X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    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 X, 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 XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    NONE
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    BBT WEALTH MGMT DIVISION
    100 W 3RD ST
    OWENSBORO,KY42303
    (270) 688-7878
    bThe form in which applications should be submitted and information and materials they should include:
    COMPLETED APPLICATION ALONG WITH TRANSCRIPT OF GRADES AND ACT/SAT SCORES
    cAny submission deadlines:
    ACADEMIC SCHOOL YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    UNMARRIED, FULL-TIME STUDENTS LOCATED IN OWENSBORO, KY, DAVIES CO, KY OR MCLEAN CO, KY SCHOOL DISTRICTS
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    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
    KENTUCKY STATE UNIVERSITY
    FBO JALISA R CASON
    400 EAST MAIN STREET
    FRANKFORT,KY40601     		NONE EXEMPT SCHOLARSHIPS 125
    UNIVERSITY OF CINCINNATI
    FBO CLARON G HAYDEN
    CINCINNATI,OH452210140     		NONE EXEMPT SCHOLARSHIPS 1,504
    FRANCISCAN UNIVERSITY
    FBO OLIVIA M OSBORNE
    STEUBENVILLE,OH43952     		NONE EXEMPT SCHOLARSHIPS 1,706
    WABASH VALLEY COLLEGE
    2200 COLLEGE DRIVE
    MT CARMEL,IL62863     		NONE EXEMPT SCHOLARSHIP 500
    MADISONVILLE COMMUNITY COLLEGE
    2000 COLLEGE DRIVE
    MADISONVILLE,KY42431     		NONE EXEMPT SCHOLARSHIP 1,160
    BELLARMINE UNIVERSITY
    2001 NEWBURG RD
    LOUISVILLE,KY40205     		NONE EXEMPT SCHOLARSHIPS 20,520
    BEREA COLLEGE
    101 CHESTNUT ST
    BEREA,KY40404     		NONE EXEMPT SCHOLARSHIPS 15,282
    DEPAUW UNIVERSITY
    PO BOX 37
    GREENVILLE,IN461350037     		NONE EXEMPT SCHOLARSHIPS 8,296
    LINCOLN CHRISTIAN UNIVERSITY
    100 CAMPUS VIEW DRIVE
    LINCOLN,IL62656     		NONE EXEMPT SCHOLARSHIP 1,206
    ASBURY COLLEGE
    1 MACKLEM DR
    WILMORE,KY40390     		NONE EXEMPT SCHOLARSHIPS 3,480
    BELMONT UNIVERSITY
    1900 BELMONT BLVD
    NASHVILLE,TN37212     		NONE EXEMPT SCHOLARSHIPS 16,574
    BRESCIA UNIVERSITY
    717 FREDERICA ST
    OWENSBORO,KY42301     		NONE EXEMPT SCHOLARSHIP 69,771
    CAMPBELLSVILLE UNIVERSIT
    1 UNIVERSITY DR
    CAMPBELLSVILLE,KY42718     		NONE EXEMPT SCHOLARSHIPS 21,053
    CENTRE COLLEGE
    600 WEST WALNUT ST
    DANVILLE,KY40422     		NONE EXEMPT SCHOLARSHIPS 500
    EASTERN KENTUCKY UNIVERSITY
    1 PENNINGTON LANE
    CORBIN,KY40701     		NONE EXEMPT SCHOLARSHIPS 9,530
    GEORGETOWN COLLEGE
    400 EAST COLLEGE ST
    GEORGETOWN,KY40324     		NONE EXEMPT SCHOLARSHIPS 12,636
    KENTUCKY WESLEYAN COLLEGE
    3000 FREDERICA ST
    OWENSBORO,KY42301     		NONE EXEMPT SCHOLARSHIP 159,426
    LINDSEY WILSON COLLEGE
    210 LINDSEY WILSON ST
    COLUMBIA,KY42728     		NONE EXEMPT SCHOLARSHIPS 10,940
    MOREHEAD STATE UNIVERSITY
    150 UNIVERSITY BLVD
    MOREHEAD,KY40351     		NONE EXEMPT SCHOLARSHIPS 500
    MURRAY STATE UNIVERSITY
    102 CURRIS CENTER
    MURRAY,KY42071     		NONE EXEMPT SCHOLARSHIPS 93,985
    NORTHERN KENTUCKY UNIVERSITY
    NUNN DRIVE
    HIGHLAND HEIGHTS,KY41099     		NONE EXEMPT SCHOLARSHIPS 10,860
    OWENSBORO COMM & TECH COLLEGE
    4800 NEW HARTFORD RD
    OWENSBORO,KY42303     		NONE EXEMPT SCHOLARSHIP 30,750
    PURDUE UNIVERSITY
    610 PURDUE MALL
    WEST LAFAYETTE,IN47907     		NONE EXEMPT SCHOLARSHIPS 2,984
    TRANSYLVANIA UNIVERSITY
    300 N BROADWAY RD
    LEXINGTON,KY40508     		NONE EXEMPT SCHOLARSHIP 38,988
    UNIVERSITY OF EVANSVILLE
    1800 LINCOLN AVE
    EVANSVILLE,IN47714     		NONE EXEMPT SCHOLARSHIPS 10,712
    UNIVERSITY OF LOUISVILLE
    2301 S 3RD ST
    LOUISVILLE,KY40208     		NONE EXEMPT SCHOLARSHIPS 72,222
    UNIVERSITY OF KENTUCKY
    410 ADMINISTRATION DR
    LEXINGTON,KY40526     		NONE EXEMPT SCHOLARSHIPS 96,986
    UNIVERSITY OF SOUTHERN INDIANA
    8600 UNIVERSITY BLVD
    EVANSVILLE,IN47712     		NONE EXEMPT SCHOLARSHIPS 27,018
    WESTERN KENTUCKY UNIVERSITY
    1906 COLLEGE HEIGHTS BLVD
    BOWLING GREEN,KY421011018     		NONE EXEMPT SCHOLARSHIP 81,771
    XAVIER UNIVERSITY
    3800 VICTORY PARKWAY
    CINCINNATI,OH45207     		NONE EXEMPT SCHOLARSHIPS 6,814
    HENDERSON COMMUNITY COLLEGE
    2660 S GREEN STREET
    HENDERSON,KY42420     		NONE EXEMPT SCHOLARSHIP 2,968
    OWENSBORO CATHOLIC SCHOOL
    1524 W PARRISH AVE
    OWENSBORO,KY42301     		NONE EXEMPT SCHOLARSHIPS 1,000
    DAVIEES COUNTY BOARD OF EDUCATION
    1622 SOUTHEASTERN PARKWAY
    OWENSBORO,KY42303     		NONE EXEMPT SCHOLARSHIPS 1,500
    MCLEAN COUNTY BOARD OF EDUCATION
    283 MAIN ST
    CALHOUN,KY42327     		NONE EXEMPT SCHOLARSHIPS 500
    UNIVERSITY OF ALABAMA
    BOX 870132
    TUSCALOOSA,AL35487     		NONE EXEMPT SCHOLARSHIPS 6,302
    UNIVERSITY OF CUMBERLANDS
    6174 COLLEGE STATION DR
    WILLIAMSBURG,KY407691372     		NONE EXEMPT SCHOLARSHIPS 3,100
    AUBURN UNIVERSITY
    108 MARY MARTIN HALL
    AUBURN,AL36849     		NONE EXEMPT SCHOLARSHIPS 500
    MIDWAY UNIVERSITY
    512 EAST STEPHENS STREET
    MIDWAY,KY40347     		NONE PUBLIC SCHOLARSHIP 8,570
    SOUTHERN ILLINOIS UNIVERSITY
    2308 RENDLEMAN HALL
    EDWARDSVILLE,IL620261060     		NONE PUBLIC SCHOLARSHIP 17,892
    OWENSBORO BOARD OF EDUCATION
    1335 WEST ELEVENTH STREET
    OWENSBORO,KY42301     		NONE EXEMPT SCHOLARSHIP 500
    TREVECCA NAZARENE UNIVERSITY
    333 MURFREESBORO ROAD
    NASHVILLE,TN37210     		NONE EXEMPT SCHOLARSHIPS 2,856
    UNIVERSITY OF ALABAMA IN HUNTSVILLE
    301 SPARKMAN DR NW
    HUNTSVILLE,AL35899     		NONE EXEMPT SCHOLARSHIPS 4,076
    ARCHITECTURAL ASSOCIATION SCHOOL
    36 BEDFORD SQUARE
    LONDON   1B 3ES
    UK     		NONE EXEMPT SCHOLARSHIP 748
    UNIVERSITY OF TENNESSEE AT MARTIN
    205 ADMINISTRATION BLDG
    MARTIN,TN38238     		NONE EXEMPT SCHOLARSHIP 3,344
    JEFFERSON COMMUNITY AND TECHNICAL COLLEG
    1000 COMMUNITY COLLEGE DR
    LOUISVILLE,KY40272     		NONE EXEMPT SCHOLARSHIP 1,000
    WILLIAM JEWEL COLLEGE
    500 COLLEGE HILL
    LIBERTY,MO64068     		NONE EXEMPT SCHOLARSHIP 2,870
    BELMONT ABBEY COLLEGE
    100 BLEMONT MT HOLLY RD
    BELMONTH,NC28012     		NONE EXEMPT SCHOLARSHIP 5,452
    KENTUCKY CHRISTIAN UNIVERSITY
    100 ACADEMIC PARKWAY
    GRAYSON,KY41143     		NONE EXEMPT SCHOLARSHIP 500
    HILLSDALE COLLEGE
    33 EAST COLLEGE STREET
    HILLSDALE,MI49242     		NONE EXEMPT SCHOLARSHIP 4,120
    ST JOSEPH'S COLLEGE
    245 CLINTON AVE
    BROOKLYN,NY11205     		NONE EXEMPT SCHOLARSHIP 1,262
    GROVE CITY COLLEGE
    100 CAMPUS DRIVE
    GROVE CITY,PA16127     		NONE EXEMPT SCHOLARSHIP 500
    MASSACHUSETTS INSTITUTE OF TECHNOLOGY
    77 MASSACHUSETTS AVE
    CAMBRIDGE,MA02139     		NONE EXEMPT SCHOLARSHIP 3,084
    THOMAS MORE COLLEGE
    265 THOMAS MORE PARKWAY
    CRESTVIEW HILLS,KY41017     		NONE EXEMPT SCHOLARSHIP 5,924
    Total .................................bullet 3a 906,367
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-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
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 410,970  
    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 ............     		    18 198,659  
    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)..   609,629  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    609,629
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-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 XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
     
    Employer identification number

    61-6025137
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
          		Employer identification number
    61-6025137
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    GATES YOUNG TRUST
     
    PO BOX 94715
     
    CLEVELAND, OH44101

    		$ 86,991


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
          		Employer identification number

    61-6025137
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
          		Employer identification number

    61-6025137
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 OtherDecreasesSchedule
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Description Amount
    ACCRUED INTEREST 979


    TY 2018 OtherIncreasesSchedule
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Description Amount
    ADJ FOR MUTUAL FUND REC/REPORTED 2,229
    RECOVERIES FROM PRIOR DISTRIBUTIONS 62,056


    TY 2018 SubstantialContributorsSch
    Name:
    JOHN B & BROWNIE YOUNG MEMORIAL FUND
    EIN:
    61-6025137
    Name Address
    GATES YOUNG TRUST
          		PO BOX 94715
    CLEVELAND,OH44101