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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
OWSLEY BROWN II FAMILY FOUNDATION INC
C/O ZELKOVA STRATEGIC PARTNERS LLC
Number and street (or P.O. box number if mail is not delivered to street address)333 EAST MAIN STREET NO 401
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY40202
A Employer identification number

61-1189915
B Telephone number (see instructions)

(502) 805-7203
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$109,158,211J 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) 2,631,864
2 Check bullet.............
3 Interest on savings and temporary cash investments 506 506  
4 Dividends and interest from securities... 1,021,383 1,021,383  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 457,487
b Gross sales price for all assets on line 6a 4,997,269
7 Capital gain net income (from Part IV, line 2)... 454,313
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 5,250 595  
12 Total. Add lines 1 through 11........ 4,116,490 1,476,797  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 12,933 6,467   6,466
c Other professional fees (attach schedule).... Click to see attachment 195,378 128,057   67,321
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 17,477 1,077   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 16,829 11,435   5,158
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 242,617 147,036   78,945
25 Contributions, gifts, grants paid....... 6,158,238 6,158,238
26 Total expenses and disbursements. Add lines 24 and 25 6,400,855 147,036   6,237,183
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,284,365
b Net investment income (if negative, enter -0-) 1,329,761
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 1,000,549 940,454 940,454
2 Savings and temporary cash investments......... 206,109 1,545,443 1,545,443
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet285,855
Less: allowance for doubtful accounts bullet0 347,515 285,855 285,855
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)....... 34,564,919 Click to see attachment31,091,987 105,057,520
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,329,153 Click to see attachment1,300,141 1,328,939
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) 37,448,245 35,163,880 109,158,211
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 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
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 bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 13,142,147 13,142,147
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 24,306,098 22,021,733
29 Total net assets or fund balances (see instructions)..... 37,448,245 35,163,880
30 Total liabilities and net assets/fund balances (see instructions). 37,448,245 35,163,880
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
37,448,245
2
Enter amount from Part I, line 27a .....................
2
-2,284,365
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
35,163,880
5
Decreases not included in line 2 (itemize) bullet
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
35,163,880
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES-FIDELITY #4674-SHORT TERM      
b PUBLICLY TRADED SECURITIES-FIDELITY #4674-LONG TERM      
c NMVP II LP-SCHEDULE K-1 P   2020-12-31
d NMVP II LP-SCHEDULE K-1 P   2020-12-31
e NMVP II LP-SCHEDULE K-1-IRC 1202 QUALIFIED SMALL BUSINESS STOCK EXCLUSION P 2008-12-15 2020-12-31
NMVP II LP-SCHEDULE K-1-IRC 1202 QUALIFIED SMALL BUSINESS STOCK EXCLUSION P 2009-12-15 2020-12-31
NMVP II LP-SCHEDULE K-1-IRC 1202 QUALIFIED SMALL BUSINESS STOCK EXCLUSION P 2010-12-15 2020-12-31
SOLIDUS COMPANY LP-SCHEDULE K-1 P   2020-12-31
SOLIDUS CO LP-SCHEDULE K-1-SEC 1231 LOSS P   2020-12-31
(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 469,670   1,178,038 -708,368
b 4,517,196   3,340,199 1,176,997
c 347     347
d 4,259     4,259
e 5,044   2,522 2,522
403   302 101
350   350 0
    21,481 -21,481
    64 -64
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       -708,368
b       1,176,997
c       347
d       4,259
e       2,522
      101
      0
      -21,481
      -64
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 2 454,313
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 18,484
c All other domestic foundations enter 1.39% 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 18,484
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 18,484
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 20,531
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,531
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,047
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet2,047 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 the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 2020 or the taxable year beginning in 2020? 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
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 addressbulletN/A
    14
    The books are in care ofbulletZELKOVA STRATEGIC PARTNERS LLC Telephone no.bullet (502) 805-7203

    Located atbullet333 EAST MAIN STREET SUITE 401LOUISVILLEKY ZIP+4bullet40202
    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 2020, 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
     
    No
    ........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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    CHRISTINA LEE BROWN PRESIDENT/DIRECTOR
    0.50     		0 0 0
    C/O ZELKOVA 333 E MAIN ST STE 401
    LOUISVILLE,KY40202
    OWSLEY BROWN III DIRECTOR
    0.50     		0 0 0
    C/O ZELKOVA 333 E MAIN ST STE 401
    LOUISVILLE,KY40202
    BROOKE BROWN BARZUN SECRETARY/TREASURER/DIRECT
    0.50     		0 0 0
    C/O ZELKOVA 333 E MAIN ST STE 401
    LOUISVILLE,KY40202
    AUGUSTA BROWN HOLLAND DIRECTOR
    0.50     		0 0 0
    C/O ZELKOVA 333 E MAIN ST STE 401
    LOUISVILLE,KY40202
    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 (2020)
    Form 990-PF (2020)
    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
    ZELKOVA STRATEGIC PARTNERS LLC ACCOUNTING AND ADMINISTRATION 84,151
    333 EAST MAIN STREET STE 401
    LOUISVILLE,KY40202
    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.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    91,298,864
    b
    Average of monthly cash balances.......................
    1b
    1,361,711
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,514,574
    d
    Total (add lines 1a, b, and c).........................
    1d
    94,175,149
    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
    94,175,149
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,412,627
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    92,762,522
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,638,126
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,638,126
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    18,484
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    18,484
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,619,642
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,619,642
    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
    4,619,642
    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
    6,237,183
    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
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    6,237,183
    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
    6,237,183
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 4,619,642
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 3,808,662
    b From 2016...... 3,178,952
    c From 2017...... 2,852,586
    d From 2018...... 1,821,597
    e From 2019...... 2,333,643
    fTotal of lines 3a through e........ 13,995,440
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 6,237,183
    a Applied to 2019, 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 2020 distributable amount..... 4,619,642
    e Remaining amount distributed out of corpus 1,617,541
    5 Excess distributions carryover applied to 2020. 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 15,612,981
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		3,808,662
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		11,804,319
    10 Analysis of line 9:
    a Excess from 2016.... 3,178,952
    b Excess from 2017.... 2,852,586
    c Excess from 2018.... 1,821,597
    d Excess from 2019.... 2,333,643
    e Excess from 2020.... 1,617,541
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    ACTOR'S THEATRE OF LOUISVILLE INC
    316 W MAIN STREET
    LOUISVILLE,KY40202     		NONE PC ANNUAL FUND 1,000
    AMERICAN CIVIL LIBERTIES UNION OF KENTUCKY FOUNDATION INC
    325 W MAIN STREET STE 2210
    LOUISVILLE,KY40202     		NONE PC REPRODUCTIVE FREEDOM PROJECT 30,000
    CATHEDRAL OF THE ASSUMPTION
    433 S FIFTH STREET
    LOUISVILLE,KY40202     		NONE PC CAPITAL CAMPAIGN 400,000
    CENTER FOR INTERFAITH RELATIONS INC
    415 W MUHAMMAD ALI BLVD STE 101
    LOUISVILLE,KY40202     		NONE PC MATCHING CHALLENGE GRANT 300,000
    CENTER FOR NONPROFIT EXCELLENCE
    323 W BROADWAY STE 501
    LOUISVILLE,KY40202     		NONE PC ANNUAL FUND 75,000
    COALITION FOR THE HOMELESS
    1300 S 4TH STREET
    LOUISVILLE,KY40208     		NONE PC ANNUAL FUND 500
    COMMONWEALTH FUND FOR KET INC
    560 COOPER DRIVE
    LEXINGTON,KY40502     		NONE PC ANNUAL FUND 20,000
    COMMUNITY FOUNDATION OF LOUISVILLE INC
    325 W MAIN STREET STE 1110
    LOUISVILLE,KY40202     		NONE PC ONE LOUISVILLE: COVID-19 RESPONSE FUND 500,000
    COMMUNITY FOUNDATION OF LOUISVILLE INC
    325 W MAIN STREET STE 1110
    LOUISVILLE,KY40202     		NONE PC GIVE FOR GOOD 10,000
    COMMUNITY FOUNDATION OF LOUISVILLE INC
    325 W MAIN STREET STE 1110
    LOUISVILLE,KY40202     		NONE PC GREATER LOUISVILLE PROJECT 6,250
    EPISCOPAL CHURCH HOME
    7504 WESTPORT RD
    LOUISVILLE,KY40222     		NONE PC ANNUAL FUND 500
    FUND FOR THE ARTS INC
    623 W MAIN STREET
    LOUISVILLE,KY40202     		NONE PC ANNUAL FUND 75,000
    GILDA'S CLUB KENTUCKIANA INC
    2440 GRINSTEAD DR
    LOUISVILLE,KY40204     		NONE PC CAPITAL CAMPAIGN 100,000
    GREEN CASTLE BAPTIST CHURCH
    4970 MURPHY LANE
    LOUISVILLE,KY40241     		NONE PC MEMORIAL DONATION - CAPITAL CAMPAIGN 80,000
    HISTORIC LOCUST GROVE INC
    561 BLANKENBAKER LN
    LOUISVILLE,KY40207     		NONE PC CAPITAL PROJECT 83,333
    HOMESTEAD
    115 MAIN STREET
    NANTUCKET,MA02554     		NONE PC ANNUAL FUND 400
    HOSPARUS INC
    3532 EPHRAIM MCDOWELL DR
    LOUISVILLE,KY40205     		NONE PC ANNUAL FUND 1,000
    KENTUCKY CENTER FOR THE ARTS
    501 W MAIN STREET
    LOUISVILLE,KY40202     		NONE PC LOUISVILLE ARTS NETWORK 10,000
    KENTUCKY COLLEGE OF ART DESIGN
    505 WEST ORMSBY AVENUE
    LOUISVILLE,KY40203     		NONE PC ANNUAL FUND / CHALLENGE GRANT 250,000
    KENTUCKY COLLEGE OF ART DESIGN
    505 WEST ORMSBY AVENUE
    LOUISVILLE,KY40203     		NONE PC ANNUAL FUND / CHALLENGE GRANT 250,000
    KENTUCKY CONSERVATION FOUNDATION
    PO BOX 1152
    FRANKFORT,KY40602     		NONE PC ANNUAL FUND 100,000
    KENTUCKY NATURAL LANDS TRUST
    433 CHESTNUT STREET
    BEREA,KY40403     		NONE PC DEVELOPMENT DIRECTOR POSITION / LAUNCH CAPITAL CAMPAIGN 108,000
    KENTUCKY PUBLIC RADIO INC DBA LOUISVILLE PUBLIC MEDIA
    619 S 4TH STREET
    LOUISVILLE,KY40202     		NONE PC HEALTH REPORTER POSITION 34,000
    KENTUCKY RESOURCES COUNCIL INC
    PO BOX 1070
    FRANKFORT,KY40602     		NONE PC ANNUAL FUND 100,000
    KENTUCKY WATERWAYS ALLIANCE INC
    120 WEBSTER STREET STE 217
    LOUISVILLE,KY40206     		NONE PC ANNUAL FUND / PARTNERSHIP WITH UNIVERSITY OF LOUISVILLE 30,000
    LEGACIES UNLIMITED
    956 S 6TH STREET
    LOUISVILLE,KY40203     		NONE PC CELEBRATING THE LEGACIES OF BLACK LOUISVILLE 25,000
    LOUISVILLE EARTH WALK INC
    PO BOX 5084
    LOUISVILLE,KY40255     		NONE PC LOUISVILLE EARTH WALK EVENT 3,000
    LOUISVILLE FILM SOCIETY
    PO BOX 6088
    LOUISVILLE,KY40206     		NONE PC RIVER CITY DRUMBEAT 10,000
    LOUISVILLE ORCHESTRA
    620 W MAIN STREET STE 600
    LOUISVILLE,KY40202     		NONE PC PARISTOWN POINT OPENING EXPENSES 70,000
    LOUISVILLE ORCHESTRA
    620 W MAIN STREET STE 600
    LOUISVILLE,KY40202     		NONE PC ANNUAL FUND 164,329
    LOUISVILLE ORCHESTRA
    620 W MAIN STREET STE 600
    LOUISVILLE,KY40202     		NONE PC ANNUAL FUND 235,671
    LOUISVILLE PRESERVATION FUND
    631 S FIFTH STREET
    LOUISVILLE,KY40202     		NONE PC EXECUTIVE DIRECTOR POSITION 121,000
    LOUISVILLE STORY PROGRAM
    851 S 4TH STREET
    LOUISVILLE,KY40203     		NONE PC ANNUAL FUND 10,000
    LOUISVILLE URBAN LEAGUE
    1535 WEST BROADWAY
    LOUISVILLE,KY40203     		NONE PC WEST LOUISVILLE TRACK 100,000
    LOUISVILLE URBAN LEAGUE
    1535 WEST BROADWAY
    LOUISVILLE,KY40203     		NONE PC WEST LOUISVILLE TRACK 66,667
    LOUISVILLE URBAN LEAGUE
    1535 WEST BROADWAY
    LOUISVILLE,KY40203     		NONE PC EXPENSE FOR VAN REPAIRS 1,835
    LOUISVILLE URBAN LEAGUE
    1535 WEST BROADWAY
    LOUISVILLE,KY40203     		NONE PC EXPENSE FOR VAN/VOTING PROJECT 4,450
    LOUISVILLE URBAN LEAGUE
    1535 WEST BROADWAY
    LOUISVILLE,KY40203     		NONE PC MENTAL HEALTH VIRTUAL CONFERENCES 12,500
    METRO UNITED WAY
    PO BOX 4488
    LOUISVILLE,KY40204     		NONE PC ANNUAL FUND 100,000
    NATIONAL JUG BAND JUBILEE INC
    PO BOX 2944
    LOUISVILLE,KY40201     		NONE PC EVENT SPONSORSHIP 1,500
    NATIONAL TRUST FOR HISTORIC PRESERVATION IN THE UNITED STATES
    2600 VIRGINIA AVE NW STE 1100
    WASHINGTON,DC20037     		NONE PC ANNUAL FUND 25,000
    NEW PIONEERS FOR A SUSTAINABLE FUTURE INC
    127 W MAIN STREET
    SPRINGFIELD,KY40069     		NONE PC ANNUAL FUND 35,000
    ORGANIC ASSOCIATION OF KENTUCKY
    PO BOX 22244
    LEXINGTON,KY40522     		NONE PC ANNUAL FUND 20,000
    PACHAMAMA ALLIANCE
    PO BOX 29191
    SAN FRANCISCO,CA94129     		NONE PC SACRED HEADWATERS INITIATIVE 33,000
    PRESERVATION KENTUCKY INC
    230 ST CLAIR STREET
    FRANKFORT,KY40601     		NONE PC AFRICAN AMERICAN PRESERVATION PROJECTS & ANNUAL FUND 20,000
    RIVER FIELDS INC
    1201 STORY AVENUE NO 215
    LOUISVILLE,KY40206     		NONE PC RIVER FIELDS CLEANUP AND ENHANCEMENT PLAN 250,276
    RIVER FIELDS INC
    1201 STORY AVENUE NO 215
    LOUISVILLE,KY40206     		NONE PC RIVER FIELDS CLEANUP AND ENHANCEMENT PLAN 10,027
    ROBERT E LEE MEMORIAL ASSOCIATION
    483 GREAT HOUSE RD
    STRATFORD,VA22558     		NONE PC ANNUAL FUND 10,000
    SCENIC KENTUCKY
    PO BOX 7083
    LOUISVILLE,KY40257     		NONE PC ANNUAL FUND 3,000
    SHAKER VILLAGE AT PLEASANT HILL KENTUCKY INC
    3501 LEXINGTON RD
    HARRODSBURG,KY40330     		NONE PC ANNUAL FUND 10,000
    SPEED ART MUSEUM
    2035 S THIRD STREET
    LOUISVILLE,KY40208     		NONE PC OWSLEY BROWN II BEQUEST 200,000
    SPEED ART MUSEUM
    2035 S THIRD STREET
    LOUISVILLE,KY40208     		NONE PC WARHOL EXHIBIT SPONSOR 50,000
    ST FRANCIS SCHOOL
    11000 US HIGHWAY 42
    GOSHEN,KY40026     		NONE PC CAPITAL CAMPAIGN 50,000
    ST JOHN CENTER
    700 E MUHAMMAD ALI BLVD
    LOUISVILLE,KY40202     		NONE PC ANNUAL FUND 500
    UNIVERSITY OF LOUISVILLE FOUNDATION INC
    215 CENTRAL AVENUE STE 300
    LOUISVILLE,KY40208     		NONE PC ENVIROME PROJECT 8,340
    UNIVERSITY OF LOUISVILLE FOUNDATION INC
    215 CENTRAL AVENUE STE 300
    LOUISVILLE,KY40208     		NONE PC ENVIROME PROJECT 241,660
    UNIVERSITY OF LOUISVILLE FOUNDATION INC
    215 CENTRAL AVENUE STE 300
    LOUISVILLE,KY40208     		NONE PC ENVIROME CO-IMMUNITY PROJECT 500,000
    UNIVERSITY OF LOUISVILLE FOUNDATION INC
    215 CENTRAL AVENUE STE 300
    LOUISVILLE,KY40208     		NONE PC ENVIROME PROJECT 250,000
    UNIVERSITY OF LOUISVILLE FOUNDATION INC
    215 CENTRAL AVENUE STE 300
    LOUISVILLE,KY40208     		NONE PC ENVIROME PROJECT 250,000
    UNIVERSITY OF LOUISVILLE FOUNDATION INC
    215 CENTRAL AVENUE STE 300
    LOUISVILLE,KY40208     		NONE PC ENVIROME PROJECT 250,000
    UNIVERSITY OF VIRGINIA
    PO BOX 37963
    BOONE,IA50037     		NONE PC COMPASSIONATE SCHOOLS PROJECT 330,000
    UNIVERSITY OF VIRGINIA
    PO BOX 37963
    BOONE,IA50037     		NONE PC COMPASSIONATE SCHOOLS PROJECT 110,000
    WOODBERRY FOREST SCHOOL
    898 WOODBERRY FOREST RD
    WOODBERRY FOREST,VA22989     		NONE PC ANNUAL FUND 500
    YALE IN KENTUCKY INC
    408 DUFF LANE
    LOUISVILLE,KY40207     		NONE PC ANNUAL FUND 10,000
    Total .................................bullet 3a 6,158,238
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 ...........     		    14 506  
    4 Dividends and interest from securities....     14 1,021,383  
    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.....     14 595  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 457,487  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aSOLIDUS COMPANY LP-SCHEDULE K-1     		523000 1,950      
    bADVANCED CANCER THERAPEUTICS LLC-SCHEDULE K-1 523000 2,705      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 4,655 1,479,971 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,484,626
    (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 (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    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
    2020
    Name of the organization
    OWSLEY BROWN II FAMILY FOUNDATION INC
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    Employer identification number

    61-1189915
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    OWSLEY BROWN II FAMILY FOUNDATION INC
    C/O ZELKOVA STRATEGIC PARTNERS LLC         		Employer identification number
    61-1189915
    Part I
    Contributors
    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
    CHRISTINA LEE BROWN 2012 CHARITABLE LEAD ANNUITY TRUST
     
    C/O ZSP LLC 333 EAST MAIN STREET SU
     
    LOUISVILLE, KY40202

    		$ 2,631,864


    (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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    OWSLEY BROWN II FAMILY FOUNDATION INC
    C/O ZELKOVA STRATEGIC PARTNERS LLC         		Employer identification number

    61-1189915
    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) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    OWSLEY BROWN II FAMILY FOUNDATION INC
    C/O ZELKOVA STRATEGIC PARTNERS LLC         		Employer identification number

    61-1189915
    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) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    OWSLEY BROWN II FAMILY FOUNDATION INC
     
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN:
    61-1189915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION & ACCOUNTING FEES 12,933 6,467   6,466

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    OWSLEY BROWN II FAMILY FOUNDATION INC
     
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN:
    61-1189915
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBOTT LABORATORIES (ABT) 213,522 533,764
    ALBEMARLE CORP (ALB) 508,203 638,024
    ALPHABET INC CL A (GOOGL) 34,716 227,843
    ALPHABET INC CL C (GOOG) 491,351 963,534
    AMAZON.COM INC (AMZN) 433,871 1,465,618
    ANHEUSER BUSCH INBEV ADR (BUD) 519,405 349,550
    APELLIS PHARMACEUTICALS INC (APLS) 50,076 1,218,875
    APPLE INC (AAPL) 295,212 1,804,584
    BANK OF AMERICA CORP (BAC) 578,641 591,045
    BERKSHIRE HATHAWAY INC (BRKB) 394,417 695,610
    BRISTOL-MYERS SQUIBB CO (BMY) 576,004 634,257
    BRISTOL-MYERS SQUIBB CONTINGENT VAL RT (BMYRT) 12,880 3,864
    BROADCOM INC (AVGO) 571,980 853,808
    BROWN FORMAN CORP CL B (BFB) 18,982,222 81,394,860
    CISCO SYS INC (CSCO) 417,375 447,500
    CITIGROUP INC (C) 360,947 369,960
    COMCAST CORP NEW CL A (CMCSK) 211,145 402,432
    DISNEY WALT CO (DIS) 523,496 760,956
    FACEBOOK INC (FB) 37,915 546,320
    FEDEX CORP (FDX) 381,534 512,749
    FISERV INC (FISV) 500,246 546,528
    HAMILTON BEACH BRANDS HLDG CO CL A (HBB) 13,580 35,020
    IAC INTERACTIVE CORP (IAC) 263,080 852,075
    JOHNSON & JOHNSON (JNJ) 213,563 393,450
    JPMORGAN CHASE & CO (JPM) 286,420 689,355
    MATCH GROUP INC (MTCH) 92,726 616,099
    MERCK & CO INC (MRK) 445,569 552,150
    MICROSOFT CORP (MSFT) 116,028 1,068,728
    MICRON TECHNOLOGY (MU) 357,189 751,800
    MORGAN STANLEY (MS) 378,417 589,358
    NAACO INDS INC CL A (NC) 6,255 26,300
    ORACLE CORP (ORCL) 350,150 582,210
    PFIZER INC (PFE) 446,113 478,530
    PROCTER AND GAMBLE CO (PG) 360,435 640,044
    QUALCOMM INC (QCOM) 561,896 1,142,550
    SKYWORKS SOLUTIONS INC (SWKS) 503,103 810,264
    VIATRIS INC (VTRS) 8,599 11,619
    VISA INC (V) 232,731 585,103
    WALGREENS BOOTS ALLIANCE INC (WBA) 360,975 271,184

    TY 2020 InvestmentsOtherSchedule2
    Name:
    OWSLEY BROWN II FAMILY FOUNDATION INC
     
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN:
    61-1189915
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ADVANCED CANCER THERAPEUTICS LLC AT COST 12,970 75,000
    NINTHDECIMAL INC (FKA JIWIRE INC) AT COST 564,294 564,294
    LIBERATE MEDICAL INC AT COST 37,577 37,577
    NEW MARKETS VENTURE PARTNERS II LP AT COST 53,324 107,595
    ZYUS LIFE SCIENCES INC (FKA REVON SYSTEMS INC) AT COST 337,907 337,907
    SOLIDUS COMPANY LP AT COST 198,474 106,346
    VANGUARD INTL EQUITY INDEX FUND INC (VWO) AT COST 95,595 100,220

    TY 2020 OtherExpensesSchedule
    Name:
    OWSLEY BROWN II FAMILY FOUNDATION INC
     
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN:
    61-1189915
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KENTUCKY STATE TREASURER-FILING FEES 15 0   0
    LICENSES - SOFTWARE 3,065 0   3,065
    PORTFOLIO DEDUCTIONS-NEW MARKETS VENTURE K-1 7,106 7,106   0
    PORTFOLIO DEDUCTIONS-SOLIDUS COMPANY LP K-1 4,314 4,314   0
    OTHER DEDUCTIONS-SOLIDUS COMPANY LP K-1 185 0   0
    MEMBERSHIP DUES 2,075 0   2,075
    CHARITABLE CONTRIBUTIONS-SOLIDUS COMPANY LP K-1 1 0   1
    BANK CHARGES 36 0   0
    WIRE FEES 15 15   0
    POSTAGE 17 0   17


    TY 2020 OtherIncomeSchedule2
    Name:
    OWSLEY BROWN II FAMILY FOUNDATION INC
     
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN:
    61-1189915
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NEW MARKETS VENTURE PTRS II LP-SCHEDULE K-1 454 454 454
    SOLIDUS COMPANY LP-SCHEDULE K-1 141 141 141
    SOLIDUS COMPANY LP-SCHEDULE K-1 1,950   1,950
    ADVANCED CANCER THERAPEUTICS LLC-SCHEDULE K-1 2,705   2,705


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    OWSLEY BROWN II FAMILY FOUNDATION INC
     
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN:
    61-1189915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT/ADVISORY FEES 195,378 128,057   67,321


    TY 2020 SubstantialContributorsSch
    Name:
    OWSLEY BROWN II FAMILY FOUNDATION INC
     
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN:
    61-1189915
    Name Address
    AUGUSTA BROWN HOLLAND C/O ZSP LLC 333 EAST MAIN STREET
    SUITE 401
    LOUISVILLE,KY40202
    BROOKE BROWN BARZUN C/O ZSP LLC 333 EAST MAIN STREET
    SUITE 401
    LOUISVILLE,KY40202
    OWSLEY BROWN III 1686 UNION STREET 301
    SAN FRANCISCO,CA94123
    CHRISTINA LEE BROWN 2012 CHARITABLE LEAD ANNUITY TRUST
          		C/O ZSP LLC 333 EAST MAIN STREET
    SUITE 401
    LOUISVILLE,KY40202
    CHRISTINA LEE BROWN C/O ZSP LLC 333 EAST MAIN STREET
    SUITE 401
    LOUISVILLE,KY40202
    ESTATE OF OWSLEY BROWN II
          		C/O ZSP LLC 333 EAST MAIN STREET
    SUITE 401
    LOUISVILLE,KY40202
    SARA BROWN DECEASED 2011 ASHBOURNE
    HARRODS CREEK,KY40027
    OWSLEY BROWN II COCKAYNE FUND INC
          		C/O ZSP LLC 333 EAST MAIN STREET
    SUITE 401
    LOUISVILLE,KY40202
    OWSLEY BROWN II FAMILY FUND INC
          		C/O ZSP LLC 333 EAST MAIN STREET
    SUITE 401
    LOUISVILLE,KY40202
    ESTATE OF MARTIN SHALLENBERGER
          		C/O PNC WEALTH MANAGEMENT 101 S
    FIFTH STREET
    LOUISVILLE,KY40202


    TY 2020 TaxesSchedule
    Name:
    OWSLEY BROWN II FAMILY FOUNDATION INC
     
    C/O ZELKOVA STRATEGIC PARTNERS LLC
    EIN:
    61-1189915
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES - FIDELITY #4674 1,077 1,077   0
    2020 EXCISE TAXES 16,400 0   0