-
TIN:
Form
990-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. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
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
,
NC
278942907
A Employer identification number
61-6025137
B
Telephone number (see instructions)
(270) 688-7878
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
16,321,170
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
44,245
2
Check
.............
3
Interest on savings and temporary cash investments
4
Dividends and interest from securities
...
456,354
456,354
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
411,460
b
Gross sales price for all assets on line 6a
5,653,847
7
Capital gain net income (from Part IV, line 2)
...
411,460
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
........
912,059
867,814
13
Compensation of officers, directors, trustees, etc.
82,145
37,073
45,073
14
Other employee salaries and wages
......
0
0
0
15
Pension plans, employee benefits
.......
0
0
16a
Legal fees (attach schedule)
.........
5,840
5,840
b
Accounting fees (attach schedule)
.......
1,200
1,200
c
Other professional fees (attach schedule)
....
8,523
8,523
17
Interest
...............
0
18
Taxes (attach schedule) (see instructions)
...
24,699
10,318
0
19
Depreciation (attach schedule) and depletion
...
0
0
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
0
0
22
Printing and publications
..........
289
0
0
289
23
Other expenses (attach schedule)
.......
281
281
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
122,977
47,672
0
60,925
25
Contributions, gifts, grants paid
.......
861,107
861,107
26
Total expenses and disbursements.
Add lines 24 and 25
984,084
47,672
0
922,032
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
-72,025
b
Net investment income
(if negative, enter -0-)
820,142
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
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
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
467,170
284,706
284,706
3
Accounts receivable
Less: allowance for doubtful accounts
0
0
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)
Less: allowance for doubtful accounts
0
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)
.......
8,050,883
8,269,280
10,321,078
c
Investments—corporate bonds (attach schedule)
.......
5,655,819
5,587,927
5,715,386
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
0
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)
14,173,872
14,141,913
16,321,170
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
)
23
Total liabilities
(add lines 17 through 22)
.........
0
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
........
14,173,872
14,141,913
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
29
Total net assets or fund balances
(see instructions)
.....
14,173,872
14,141,913
30
Total liabilities and net assets/fund balances
(see instructions)
.
14,173,872
14,141,913
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
14,173,872
2
Enter amount from Part I, line 27a
.....................
2
-72,025
3
Other increases not included in line 2 (itemize)
3
40,066
4
Add lines 1, 2, and 3
..........................
4
14,141,913
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, column (b), line 29
.
6
14,141,913
Form
990-PF
(2019)
Form 990-PF (2019)
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
60000. MORGAN STANLEY DTD 01/24/2014 2.5% 01/2
2014-06-23
2019-01-24
b
75000. FED HOME LOAN MTG CORP DTD 03/27/2009 3.
2019-02-28
c
100000. NEW YORK NY BUILD AMERICA BONDS GO DTD 03/30/2010 4.674% 03/01
2013-10-24
2019-03-01
d
40000. US TREASURY NOTE DTD 02/18/2014 2.75% 02
2015-03-31
2019-03-08
e
15000. US TREASURY NOTE DTD 04/30/2014 1.625% 0
2016-09-01
2019-03-21
60000. US TREASURY NOTE DTD 09/30/2014 1.75% 09
2018-12-19
2019-03-21
745. BROADRIDGE FINANCIAL SOLUTIONS INC
2012-03-13
2019-03-22
14. ISHARES TR RUSSELL 1000 VALUE INDEX FUND
2018-05-18
2019-03-22
128. ISHARES TR RUSSELL 1000 VALUE INDEX FUND
2018-01-23
2019-03-22
212. ISHARES RUSSELL 1000 GROWTH INDEX
2018-01-23
2019-03-22
740. PNC BK CORP
2016-11-29
2019-03-22
91. S & P 500 DEPOSITARY RECEIPT COMMON
2018-01-23
2019-03-22
950. VALERO ENERGY CORP
2016-11-29
2019-03-22
50000. US TREASURY NOTE DTD 09/30/2014 1.75% 09
2018-12-19
2019-03-28
55000. FED NATL MTG ASSN 1.625% 01/21/20
2019-04-09
151. ISHARES MSCI EMERGING MKTS INDEX FUND
2013-10-11
2019-04-09
25. I SHARES EAFE INDEX FUND
2014-09-19
2019-04-09
59. ISHARES RUSSELL MIDCAP INDEX FUND
2018-01-23
2019-04-09
1. ISHARES TR RUSSELL 1000 VALUE INDEX FUND
2017-06-19
2019-04-09
10. ISHARES RUSSELL 1000 GROWTH INDEX
2018-01-23
2019-04-09
57. CEF ISHARES TR S&P
2018-01-23
2019-04-09
1. ISHARES TR MSCI SMALL CAP ETF
2013-10-11
2019-04-09
28. ISHARES MSCI EAFE VALUE INDEX FUND
2013-10-11
2019-04-09
27. ISHARES MSCI EAFE GROWTH INDEX FUND
2014-03-10
2019-04-09
131. ISHARES CORE MSCI EMERGING MARKETS ETF
2017-06-19
2019-04-09
4. S & P 500 DEPOSITARY RECEIPT COMMON
2018-01-23
2019-04-09
14. SPDR PORTFOLIO WORLD EX-US ETF
2013-10-11
2019-04-09
1660. SUNTRUST BANKS, INC. COMMON
2019-04-09
75000. CELGENE CORP DTD 08/12/2015 3.875% 08/15
2017-02-10
2019-04-22
19000. COACH INC DTD 06/20/2017 4.125% 07/15/20
2017-07-20
2019-04-25
20000. COACH INC DTD 06/20/2017 4.125% 07/15/20
2017-07-20
2019-04-30
55000. HCP INC DTD 11/19/2012 2.625% 02/01/2020
2019-04-30
85000. AMERICAN INTL GROUP DTD 3/22/2016 3.9% 0
2016-08-12
2019-05-02
100000. WELLS FARGO & CO DTD 07/22/2015 2.6% 07/
2015-07-15
2019-05-02
12000. COACH INC DTD 06/20/2017 4.125% 07/15/20
2017-07-20
2019-05-03
55000. REGIONS FINANCIAL CORP DTD 02/08/2016 3.
2018-01-03
2019-05-06
13000. COACH INC DTD 06/20/2017 4.125% 07/15/20
2017-07-20
2019-05-07
35000. EXXON MOBIL CORP EXXON MOBIL CORP DTD 03/03/2016 2.726% 03/01/2
2018-07-18
2019-05-09
50000. SHELL INTERNATIONAL FIN DTD 09/12/2016 1
2016-09-07
2019-05-09
60000. WESTPAC BANKING CORP DTD 01/25/2018 2.65
2018-01-17
2019-05-09
75000. BERKSHIRE HATHAWAY INC DTD 3/15/2016 3.1
2016-03-08
2019-05-10
6000. COACH INC DTD 06/20/2017 4.125% 07/15/20
2017-07-20
2019-05-10
125000. US TREASURY NOTE DTD 01/31/2013 1.375% 0
2018-07-18
2019-05-31
55000. L3 TECHNOLOGIES INC DTD 12/05/2016 3.85%
2017-05-30
2019-06-07
60000. US TREASURY BOND DTD 08/15/2018 2.875% 0
2018-10-05
2019-06-10
50000. US TREASURY NOTE DTD 09/30/2016 1.125% 0
2019-05-09
2019-06-10
59000. US TREASURY NOTE DTD 11/15/2016 2% 11/15
2019-06-07
2019-06-10
85000. US TREASURY NOTE DTD 05/16/2016 1.625% 0
2019-05-02
2019-06-11
55000. US TREASURY NOTE DTD 11/15/2017 2.25% 11
2019-05-08
2019-06-12
60000. US TREASURY NOTE DTD 02/18/2014 2.75% 02
2015-03-31
2019-06-12
15000. US TREASURY NOTE DTD 05/15/2014 2.5% 05/
2019-05-31
2019-06-12
60000. US TREASURY NOTE DTD 08/15/2016 1.5% 08/
2018-02-09
2019-06-20
58000. US TREASURY NOTE DTD 05/15/2015 2.125% 0
2019-06-20
70000. FED NATL MTG ASSN 1.625% 01/21/20
2019-06-25
150000. UNIV OF CALIFORNIA CA REV TXBL NTS SER AH DTD 03/14/2013 1.796
2013-10-21
2019-07-01
57000. BP CAP MARKETS AMERICA DTD 11/06/2018 3.
2019-04-09
2019-08-02
60000. VMWARE DTD 08/21/2017 2.3% 08/21/2020
2017-08-16
2019-08-05
43000. BANK OF AMERICA CORP DTD 01/11/2013 3.3%
2016-05-03
2019-08-08
28000. KIMCO REALTY CORP DTD 10/19/2015 3.4% 11
2017-08-10
2019-08-08
55000. VERIZON COMMUNICATIONS DTD 10/22/2018 4.
2019-03-22
2019-08-08
55000. TARGET CORP DTD 03/27/2019 3.375% 04/15/
2019-06-10
2019-08-14
90000. US TREASURY NOTE DTD 8/16/2010 2.625% 08
2019-05-17
2019-08-15
100000. US TREASURY NOTE DTD 07/31/2013 2% 07/31
2019-01-31
2019-08-15
60000. US TREASURY NOTE DTD 12/15/2017 1.875% 1
2019-08-05
2019-08-30
75000. US TREASURY NOTE DTD 12/15/2017 1.875% 1
2018-04-20
2019-08-30
55000. HSBC HOLDINGS PLC HOLDINGS PLC DTD 04/05/2011 5.1% 04/05/2021
2018-01-02
2019-09-06
60000. U S TREASURY NOTES 3.125% 05/15/21
2013-10-03
2019-09-10
120. AGCO CORPORATION COMMON
2015-03-12
2019-10-18
20. ALPHABET INC CL A
2018-01-23
2019-10-18
1825. ALTRIA GROUP INC
2019-10-18
200. ALTRIA GROUP INC
2018-12-18
2019-10-18
170. APPLE COMPUTER CORPORATION COMMON
2013-05-28
2019-10-18
40. BCE INC COM
2017-11-22
2019-10-18
1600. CENTENE CORP
2013-11-21
2019-10-18
290. CISCO SYSTEMS
2016-02-25
2019-10-18
1800. CLEAN HARBORS INC COMMON
2019-10-18
300. CROWN CASTLE INTL CORP COMMON
2017-11-22
2019-10-18
195. EXPEDITORS INTERNATIONAL
2018-05-18
2019-10-18
2370. GENERAL MILLS, INCORPORATED
2019-10-18
180. IDEX CORP
2012-03-13
2019-10-18
1798. ISHARES MSCI EMERGING MKTS INDEX FUND
2013-10-11
2019-10-18
119. ISHARES MSCI EMERGING MKTS INDEX FUND
2019-03-22
2019-10-18
90. ISHARES RUSSELL MIDCAP INDEX FUND
2019-10-18
966. ISHARES TR RUSSELL 1000 VALUE INDEX FUND
2019-10-18
468. ISHARES RUSSELL 1000 GROWTH INDEX
2019-10-18
1963. ISHARES TR MSCI SMALL CAP ETF
2013-10-11
2019-10-18
80. ISHARES MSCI EAFE VALUE INDEX FUND
2019-03-22
2019-10-18
146. ISHARES CORE MSCI EMERGING MARKETS ETF
2019-03-22
2019-10-18
1305. ISHARES CORE MSCI EMERGING MARKETS ETF
2019-10-18
965. KIMBERLY CLARK CORPORATION
2019-10-18
1385. MERCK & CO INC
2019-10-18
75. MICROSOFT CORPORATION
2015-10-16
2019-10-18
40. MONSTER BEVERAGE CORP COMMON
2017-06-19
2019-10-18
300. NOVO-NORDISK A S ADR
2019-10-18
1540. OCCIDENTAL PETE CORP
2018-01-23
2019-10-18
230. PROCTOR AND GAMBLE COMPANY
2019-10-18
330. QUALCOMM INC COMMON
2019-10-18
265. REGENERON PHARMACUETICALS INC COMMON
2018-09-11
2019-10-18
10. REGENERON PHARMACUETICALS INC COMMON
2018-12-18
2019-10-18
433. S & P 500 DEPOSITARY RECEIPT COMMON
2019-10-18
1203. SPDR PORTFOLIO WORLD EX-US ETF
2013-10-11
2019-10-18
590. SOUTHERN COMPANY
2018-12-18
2019-10-18
560. STARBUCKS CORPORATIONS COMMON
2018-12-18
2019-10-18
1600. TOTAL S A SPONSORED
2018-05-18
2019-10-18
175. UNITED PARCEL SERVICES B
2019-04-09
2019-10-18
470. VENTAS INC COMMON
2018-12-18
2019-10-18
60000. US TREASURY NOTE DTD 02/01/2016 1.375% 0
2019-08-08
2019-10-24
55000. US TREASURY BOND DTD 11/15/2018 3.125% 1
2019-02-08
2019-11-04
54000. US TREASURY BOND DTD 05/15/2018 2.875% 0
2019-08-15
2019-11-08
44000. GOLDMAN SACHS GROUP INC DTD 02/25/2016 2
2019-11-25
21000. REPUBLIC SERVICES INC SERVICES INC DTD 05/21/2012 CALLABLE 3.55
2015-11-13
2019-11-25
18000. STERLING CAPITAL QUALITY INC FD-I
2013-10-03
2019-11-25
56000. VEREIT OPERATING PARTNER DTD 06/02/2016
2018-08-02
2019-12-20
CAPITAL GAIN DIVIDENDS
P
(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
60,000
60,000
b
75,070
75,000
70
c
100,000
100,000
d
40,586
41,636
-1,050
e
14,986
15,000
-14
59,772
59,724
48
75,296
18,077
57,219
1,710
1,715
-5
15,634
16,655
-1,021
31,737
30,648
1,089
88,561
81,417
7,144
25,496
25,766
-270
80,339
60,794
19,545
49,832
49,779
53
54,647
55,159
-512
6,692
6,464
228
1,647
1,652
-5
3,236
3,225
11
125
117
8
1,543
1,446
97
4,474
4,573
-99
58
49
9
1,396
1,552
-156
2,116
1,917
199
6,985
6,610
375
1,148
1,133
15
415
398
17
101,228
70,500
30,728
76,964
75,771
1,193
18,369
19,159
-790
19,378
20,167
-789
54,877
55,034
-157
85,586
88,586
-3,000
99,732
99,944
-212
11,607
12,100
-493
55,314
55,563
-249
12,639
13,108
-469
35,074
34,514
560
49,052
49,827
-775
59,872
59,959
-87
75,405
74,930
475
5,820
6,050
-230
124,257
124,030
227
57,211
56,420
791
63,743
58,322
5,421
49,189
48,787
402
58,843
59,044
-201
82,636
80,505
2,131
55,762
54,339
1,423
62,322
62,330
-8
15,438
15,392
46
58,556
54,813
3,743
59,028
56,683
2,345
69,792
70,013
-221
150,000
148,273
1,727
60,352
59,011
1,341
59,899
59,922
-23
44,475
43,486
989
28,869
28,580
289
61,592
58,234
3,358
59,412
57,117
2,295
90,763
90,285
478
100,207
99,539
668
60,140
60,114
26
75,176
74,331
845
57,441
57,022
419
61,336
61,112
224
8,845
5,678
3,167
24,920
23,428
1,492
80,817
116,414
-35,597
8,857
10,162
-1,305
40,085
10,794
29,291
1,952
1,935
17
74,346
22,779
51,567
13,598
7,652
5,946
141,328
97,456
43,872
43,268
33,202
10,066
14,447
14,078
369
124,375
128,493
-4,118
28,805
7,600
21,205
75,557
76,963
-1,406
5,001
5,069
-68
5,031
4,825
206
123,737
95,250
28,487
75,432
38,969
36,463
115,381
96,465
18,916
3,869
3,910
-41
7,370
7,490
-120
65,876
65,039
837
132,284
104,043
28,241
116,877
76,876
40,001
10,332
3,548
6,784
2,241
2,021
220
15,699
16,767
-1,068
62,702
119,341
-56,639
27,006
19,735
7,271
25,827
22,637
3,190
79,443
104,091
-24,648
2,998
3,661
-663
129,152
84,105
45,047
35,816
34,160
1,656
35,983
26,867
9,116
48,194
36,347
11,847
82,486
103,049
-20,563
20,545
19,737
808
34,164
28,569
5,595
59,805
59,745
60
61,258
57,174
4,084
58,147
59,883
-1,736
44,421
43,999
422
21,734
21,205
529
181,260
177,480
3,780
57,533
56,399
1,134
56
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
b
70
c
d
-1,050
e
-14
48
57,219
-5
-1,021
1,089
7,144
-270
19,545
53
-512
228
-5
11
8
97
-99
9
-156
199
375
15
17
30,728
1,193
-790
-789
-157
-3,000
-212
-493
-249
-469
560
-775
-87
475
-230
227
791
5,421
402
-201
2,131
1,423
-8
46
3,743
2,345
-221
1,727
1,341
-23
989
289
3,358
2,295
478
668
26
845
419
224
3,167
1,492
-35,597
-1,305
29,291
17
51,567
5,946
43,872
10,066
369
-4,118
21,205
-1,406
-68
206
28,487
36,463
18,916
-41
-120
837
28,241
40,001
6,784
220
-1,068
-56,639
7,271
3,190
-24,648
-663
45,047
1,656
9,116
11,847
-20,563
808
5,595
60
4,084
-1,736
422
529
3,780
1,134
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
411,460
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
...................
3
Part V
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?
Yes
No
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))
2018
1,002,881
15,877,524
0.063164
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
2
Total
of line 1, column (d)
.....................
2
0.321672
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
0.064334
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
14,534,901
5
Multiply line 4 by line 3
......................
5
935,088
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
8,201
7
Add lines 5 and 6
........................
7
943,289
8
Enter qualifying distributions from Part XII, line 4
,.............
8
922,032
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
(2019)
Form 990-PF (2019)
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
and enter “N/A" on line 1.
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
16,403
here
and 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
16,403
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
16,403
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
11,252
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
11,252
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
0
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
5,151
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 2020 estimated tax
0
Refunded
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.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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)
KY
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 2019 or the taxable year beginning in 2019? 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.
...............................
10
No
Form
990-PF
(2019)
Form 990-PF (2019)
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 address
14
The books are in care of
BRANCH BANKING AND TRUST COMPANY
Telephone no.
(270) 688-7878
Located at
100 W 3RD ST
OWENSBORO
KY
ZIP+4
42303
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 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
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)?
...............
Yes
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.)
.......
Yes
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
Organizations relying on a current notice regarding disaster assistance check here
........
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 2019?
.............
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 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
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?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 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 2019.)
..................
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 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
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?
.....
Yes
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
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
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?
Yes
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?
.................
Yes
No
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
74,145
100 W 3RD ST
OWENSBORO
,
KY
42303
DAVIESS CO BOE
COMMITTEE MEMBER
0
2,000
PO BOX 21510
OWENSBORO
,
KY
42304
MCLEAN CO BOE
COMMITTEE MEMBER
0
2,000
PO BOX 245
CALHOUN
,
KY
42327
OWENSBORO BOE
COMMITTEE MEMBER
0
2,000
450 GRIFFITH AVE
OWENSBORO
,
KY
42301
OWENSBORO CATHOLIC HS
COMMITTEE MEMBER
0
2,000
600 LOCUST STREET
OWENSBORO
,
KY
42301
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
(2019)
Form 990-PF (2019)
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
.............
0
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
.........................
Form
990-PF
(2019)
Form 990-PF (2019)
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
14,362,132
b
Average of monthly cash balances
.......................
1b
394,113
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, b, and c)
.........................
1d
14,756,245
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
14,756,245
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
221,344
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
14,534,901
6
Minimum investment return.
Enter 5% of line 5
..................
6
726,745
Part XI
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 X, line 6
....................
1
726,745
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
16,403
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
16,403
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
710,342
4
Recoveries of amounts treated as qualifying distributions
................
4
39,425
5
Add lines 3 and 4
............................
5
749,767
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
749,767
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
922,032
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
922,032
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
922,032
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
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
749,767
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
0
b
Total for prior years:
20
,
20
,
20
0
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
265,200
b
From 2015
......
52,606
c
From 2016
......
229,256
d
From 2017
......
107,577
e
From 2018
......
158,198
f
Total
of lines 3a through e
........
812,837
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
922,032
a
Applied to 2018, 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 2019 distributable amount
.....
749,767
e
Remaining amount distributed out of corpus
172,265
5
Excess distributions carryover applied to 2019.
0
0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
985,102
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 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
0
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
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 2014 not
applied on line 5 or line 7 (see instructions)
...
265,200
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
719,902
10
Analysis of line 9:
a
Excess from 2015
....
52,606
b
Excess from 2016
....
229,256
c
Excess from 2017
....
107,577
d
Excess from 2018
....
158,198
e
Excess from 2019
....
172,265
Form
990-PF
(2019)
Form 990-PF (2019)
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 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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)
2019
(b)
2018
(c)
2017
(d)
2016
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.)
1
Information Regarding Foundation Managers:
a
List 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
b
List 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
2
Information 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, b, c, and d. See instructions
a
The 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
,
KY
42303
(270) 688-7878
b
The 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
c
Any submission deadlines:
ACADEMIC SCHOOL YEAR
d
Any 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
(2019)
Form 990-PF (2019)
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)
a
Paid during the year
KENTUCKY STATE UNIVERSITY
FBO JALISA R CASON
400 EAST MAIN STREET
FRANKFORT
,
KY
40601
NONE
EXEMPT
SCHOLARSHIPS
500
MADISONVILLE COMMUNITY COLLEGE
2000 COLLEGE DRIVE
MADISONVILLE
,
KY
42431
NONE
EXEMPT
SCHOLARSHIP
1,522
SAMFORD UNIVERSITY
EMILY G JONES
BIRMINGHAM
,
AL
35229
NONE
EXEMPT
SCHOLARSHIP
9,951
BELLARMINE UNIVERSITY
2001 NEWBURG RD
LOUISVILLE
,
KY
40205
NONE
EXEMPT
SCHOLARSHIPS
13,059
BEREA COLLEGE
101 CHESTNUT ST
BEREA
,
KY
40404
NONE
EXEMPT
SCHOLARSHIPS
6,287
MILLIGAN COLLEGE
RYAN EVANS
MILLIGAN COLLEGE
,
TN
37682
NONE
EXEMPT
SCHOLARSHIP
500
ASBURY COLLEGE
1 MACKLEM DR
WILMORE
,
KY
40390
NONE
EXEMPT
SCHOLARSHIPS
6,160
BELMONT UNIVERSITY
1900 BELMONT BLVD
NASHVILLE
,
TN
37212
NONE
EXEMPT
SCHOLARSHIPS
19,039
BLUEGRASS COMM & TECH COLLEGE
470 COOPER DR
LEXINGTON
,
KY
40506
NONE
EXEMPT
SCHOLARSHIPS
2,489
BRESCIA UNIVERSITY
717 FREDERICA ST
OWENSBORO
,
KY
42301
NONE
EXEMPT
SCHOLARSHIP
65,587
CAMPBELLSVILLE UNIVERSIT
1 UNIVERSITY DR
CAMPBELLSVILLE
,
KY
42718
NONE
EXEMPT
SCHOLARSHIPS
3,888
CENTRE COLLEGE
600 WEST WALNUT ST
DANVILLE
,
KY
40422
NONE
EXEMPT
SCHOLARSHIPS
16,283
EASTERN KENTUCKY UNIVERSITY
1 PENNINGTON LANE
CORBIN
,
KY
40701
NONE
EXEMPT
SCHOLARSHIPS
6,587
GEORGETOWN COLLEGE
400 EAST COLLEGE ST
GEORGETOWN
,
KY
40324
NONE
EXEMPT
SCHOLARSHIPS
21,359
KENTUCKY WESLEYAN COLLEGE
3000 FREDERICA ST
OWENSBORO
,
KY
42301
NONE
EXEMPT
SCHOLARSHIP
147,859
LINDSEY WILSON COLLEGE
210 LINDSEY WILSON ST
COLUMBIA
,
KY
42728
NONE
EXEMPT
SCHOLARSHIPS
4,309
MIDDLE TENNESSEE ST UNIV
1301 EAST MAIN ST
MURFREESBORO
,
TN
37132
NONE
EXEMPT
SCHOLARSHIPS
8,459
MOREHEAD STATE UNIVERSITY
150 UNIVERSITY BLVD
MOREHEAD
,
KY
40351
NONE
EXEMPT
SCHOLARSHIPS
4,964
MURRAY STATE UNIVERSITY
102 CURRIS CENTER
MURRAY
,
KY
42071
NONE
EXEMPT
SCHOLARSHIPS
74,296
NORTHERN KENTUCKY UNIVERSITY
NUNN DRIVE
HIGHLAND HEIGHTS
,
KY
41099
NONE
EXEMPT
SCHOLARSHIPS
15,678
OWENSBORO COMM & TECH COLLEGE
4800 NEW HARTFORD RD
OWENSBORO
,
KY
42303
NONE
EXEMPT
SCHOLARSHIP
41,000
TRANSYLVANIA UNIVERSITY
300 N BROADWAY RD
LEXINGTON
,
KY
40508
NONE
EXEMPT
SCHOLARSHIP
9,971
UNION COLLEGE
310 COLLEGE ST
BARBOURVILLE
,
KY
40906
NONE
EXEMPT
SCHOLARSHIPS
500
UNIVERSITY OF EVANSVILLE
1800 LINCOLN AVE
EVANSVILLE
,
IN
47714
NONE
EXEMPT
SCHOLARSHIPS
5,314
UNIVERSITY OF LOUISVILLE
2301 S 3RD ST
LOUISVILLE
,
KY
40208
NONE
EXEMPT
SCHOLARSHIPS
83,193
UNIVERSITY OF KENTUCKY
410 ADMINISTRATION DR
LEXINGTON
,
KY
40526
NONE
EXEMPT
SCHOLARSHIPS
101,470
UNIVERSITY OF SOUTHERN INDIANA
8600 UNIVERSITY BLVD
EVANSVILLE
,
IN
47712
NONE
EXEMPT
SCHOLARSHIPS
40,447
WESTERN KENTUCKY UNIVERSITY
1906 COLLEGE HEIGHTS BLVD
BOWLING GREEN
,
KY
421011018
NONE
EXEMPT
SCHOLARSHIP
50,242
OWENSBORO CATHOLIC SCHOOL
1524 W PARRISH AVE
OWENSBORO
,
KY
42301
NONE
EXEMPT
SCHOLARSHIPS
1,000
DAVIEES COUNTY BOARD OF EDUCATION
1622 SOUTHEASTERN PARKWAY
OWENSBORO
,
KY
42303
NONE
EXEMPT
SCHOLARSHIPS
1,500
MCLEAN COUNTY BOARD OF EDUCATION
283 MAIN ST
CALHOUN
,
KY
42327
NONE
EXEMPT
SCHOLARSHIPS
500
UNIVERSITY OF ALABAMA
BOX 870132
TUSCALOOSA
,
AL
35487
NONE
EXEMPT
SCHOLARSHIPS
6,877
UNIVERSITY OF CUMBERLANDS
6174 COLLEGE STATION DR
WILLIAMSBURG
,
KY
407691372
NONE
EXEMPT
SCHOLARSHIPS
1,732
COLUMBIA COLLEGE CHICAGO
116TH STREET AND BROADWAY
NEW YORK
,
NY
10027
NONE
PUBLIC
SCHOLARSHIP
4,523
MIDWAY UNIVERSITY
512 EAST STEPHENS STREET
MIDWAY
,
KY
40347
NONE
PUBLIC
SCHOLARSHIP
3,362
SOUTHERN ILLINOIS UNIVERSITY
2308 RENDLEMAN HALL
EDWARDSVILLE
,
IL
620261060
NONE
PUBLIC
SCHOLARSHIP
3,446
OWENSBORO BOARD OF EDUCATION
1335 WEST ELEVENTH STREET
OWENSBORO
,
KY
42301
NONE
EXEMPT
SCHOLARSHIP
500
DE PAUL UNIVERSITY
2300 N KENMORE AVENUE
CHICAGO
,
IL
60614
NONE
EXEMPT
SCHOLARSHIPS
3,751
AUSTIN PEAY STATE UNIVERSITY
601 COLLEGE STREET
CLARKSVILLE
,
TN
37044
NONE
EXEMPT
SCHOLARSHIPS
500
UNIVERSITY OF OKLAHOMA
660 PARRINGTON OVAL
NORMAN
,
OK
73019
NONE
EXEMPT
SCHOLARSHIPS
6,952
MARIAN UNIVERSITY
45 S NATIONAL AVENUE
FOND DU LAC
,
WI
54935
NONE
EXEMPT
SCHOLARSHIPS
500
TREVECCA NAZARENE UNIVERSITY
333 MURFREESBORO ROAD
NASHVILLE
,
TN
37210
NONE
EXEMPT
SCHOLARSHIPS
2,265
UNIVERSITY OF NOTRE DAME
220 MAIN BUILDING
NOTRE DAME
,
IN
46556
NONE
EXEMPT
SCHOLARSHIPS
11,507
UNIVERSITY OF PIKEVILLE
147 SYCAMORE STREET
PIKEVILLE
,
KY
41501
NONE
EXEMPT
SCHOLARSHIPS
2,578
UNIVERSITY OF ALABAMA IN HUNTSVILLE
301 SPARKMAN DR NW
HUNTSVILLE
,
AL
35899
NONE
EXEMPT
SCHOLARSHIPS
7,573
LEE UNIVERSITY
1120 NORTH OCCOEE STREET
CLEVELAND
,
TN
37320
NONE
EXEMPT
SCHOLARSHIP
1,498
SHAWNEE STATE UNIVERSITY
940 SECOND ST
PORTSMOUTH
,
OH
45662
NONE
EXEMPT
SCHOLARSHIP
819
JEFFERSON COMMUNITY AND TECHNICAL COLLEG
1000 COMMUNITY COLLEGE DR
LOUISVILLE
,
KY
40272
NONE
EXEMPT
SCHOLARSHIP
1,000
HILLSDALE COLLEGE
33 EAST COLLEGE STREET
HILLSDALE
,
MI
49242
NONE
EXEMPT
SCHOLARSHIP
500
JUDSON UNIVERSITY
1151 N STATE ST
ELGIN
,
IL
60123
NONE
EXEMPT
SCHOLARSHIP
5,433
MOUNT ST JOSEPH UNIVERSITY
5701 DELHI PIKE
CINCINNATI
,
OH
45233
NONE
EXEMPT
SCHOLARSHIP
1,797
NEW YORK UNIVERSITY
70 WASHINGTON SQ
NEW YORK
,
NY
10012
NONE
EXEMPT
SCHOLARSHIP
500
NOSSI COLLEGE OF ART
590 CREATIVE WAY
MADISON
,
TN
37115
NONE
EXEMPT
SCHOLARSHIP
828
OHIO DOMINICAN UNIVERSITY
1216 SUNBURY RD
COLUMBUS
,
OH
43219
NONE
EXEMPT
SCHOLARSHIP
1,496
SOUTH UNIVERSITY
709 MALL BLVD
SAVANNAH
,
GA
31406
NONE
EXEMPT
SCHOLARSHIP
1,576
TENNESSEE TECH UNIVERSITY
1 WILLIAM L JONES DR
COOKEVILLE
,
TN
38505
NONE
EXEMPT
SCHOLARSHIP
500
LAVAL UNIVERSITY
2325 RUE DE LUNIVERSITE
QUEBEC CITY
,
QUEBEC
G1V 0A6
CA
NONE
EXEMPT
SCHOLARSHIP
500
UNIVERSITY OF ARIZONA
MAIN CAMPUS
TUCSON
,
AZ
85721
NONE
EXEMPT
SCHOLARSHIP
5,672
UNIVERSITY OF DELAWARE
MAIN CAMPUS
NEWARK
,
DE
19716
NONE
EXEMPT
SCHOLARSHIP
8,773
UNIVERSITY OF PENNSYLVANIA
MAIN CAMPUS
PHILADELPHIA
,
PA
19104
NONE
EXEMPT
SCHOLARSHIP
7,501
WEST VIRGINIA STATE UNIVERSITY
MAIN CAMPUS
INSTITUTE
,
WV
25112
NONE
EXEMPT
SCHOLARSHIP
2,235
WHEATON COLLEGE
501 COLLEGE AVE
WHEATON
,
IL
60187
NONE
EXEMPT
SCHOLARSHIP
500
Total
.................................
3a
861,107
b
Approved for future payment
Total
.................................
3b
Form
990-PF
(2019)
Form 990-PF (2019)
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees 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
456,354
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not 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
411,460
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)
..
867,814
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
867,814
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part 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
(2019)
Form 990-PF (2019)
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?
...........
Yes
No
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 instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
Software Version:
Form 990PF - Special Condition Description:
Special Condition Description