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
W L LYONS BROWN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)325 W MAIN STREET SUITE 1110
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY40202
A Employer identification number

61-0598511
B Telephone number (see instructions)

(502) 585-4649
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$114,766,111J 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 Check bullet.............
3 Interest on savings and temporary cash investments 1,891 1,891  
4 Dividends and interest from securities... 1,044,843 1,044,843  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,267,464
b Gross sales price for all assets on line 6a 3,276,948
7 Capital gain net income (from Part IV, line 2)... 3,267,464
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).......      
12 Total. Add lines 1 through 11........ 4,314,198 4,314,198  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 38,800 19,400   19,400
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 1,425 712   713
c Other professional fees (attach schedule).... Click to see attachment 11,000 5,500   5,500
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 59,600 0   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 2,913 0   2,913
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 113,738 25,612   28,526
25 Contributions, gifts, grants paid....... 4,243,349 4,243,349
26 Total expenses and disbursements. Add lines 24 and 25 4,357,087 25,612   4,271,875
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -42,889
b Net investment income (if negative, enter -0-) 4,288,586
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............. 85,540 44,765 44,765
2 Savings and temporary cash investments......... 20,014 22,164 22,164
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) bullet  
Less: allowance for doubtful accounts bullet        
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)....... 191,577 Click to see attachment187,313 114,699,182
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)..........      
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) 297,131 254,242 114,766,111
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........ 944,803 944,803
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -647,672 -690,561
29 Total net assets or fund balances (see instructions)..... 297,131 254,242
30 Total liabilities and net assets/fund balances (see instructions). 297,131 254,242
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
297,131
2
Enter amount from Part I, line 27a .....................
2
-42,889
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
254,242
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
254,242
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 43000 SHARES OF BROWN FORMAN CLASS B D 1999-10-20 2020-10-15
b
c
d
e
(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 3,276,948   9,484 3,267,464
b
c
d
e
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       3,267,464
b
c
d
e
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 3,267,464
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 59,611
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 59,611
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 59,611
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 59,695
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 59,695
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 84
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet84 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletKY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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. ...............................
    10
     
    No
    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 ofbulletSUSAN NICHOLSON Telephone no.bullet (502) 585-4649

    Located atbullet325 W MAIN STREET 1110LOUISVILLEKY 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
    SUSANNAH SCOTT-BARNES PRESIDENT/TRUSTEE
    0.50     		0 0 0
    325 W MAIN STREET SUITE 1110
    LOUISVILLE,KY40202
    ELAINE MUSSELMAN SEC/TREASURER/TRUSTEE
    0.50     		0 0 0
    325 W MAIN STREET SUITE 1110
    LOUISVILLE,KY40202
    OWSLEY BROWN III VICE PRESIDENT/TRUSTEE
    0.25     		0 0 0
    325 W MAIN STREET SUITE 1110
    LOUISVILLE,KY40202
    SUSAN V NICHOLSON FOUNDATION ADMINISTRATOR
    8.00     		38,800 0 0
    325 W MAIN STREET SUITE 1110
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................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
    101,208,346
    b
    Average of monthly cash balances.......................
    1b
    642,599
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    101,850,945
    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
    101,850,945
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,527,764
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    100,323,181
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    5,016,159
    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
    5,016,159
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    59,611
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    59,611
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,956,548
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,956,548
    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
    4,956,548
    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
    4,271,875
    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
    4,271,875
    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
    4,271,875
    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 4,956,548
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 4,243,349
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,271,875
    a Applied to 2019, but not more than line 2a 4,243,349
    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..... 28,526
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		4,928,022
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    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
    21ST CENTURY PARKS INC
    471 W MAIN ST 202
    LOUISVILLE,KY40202     		N/A PC OPERATIONAL SUPPORT 15,000
    AMERICAN FARMLAND TRUST
    1150 CONNECTICITU AVE NW STE 600
    WASHINGTON,DC20036     		N/A PC OPERATIONAL SUPPORT 100,000
    AMERICAN FOREST FOUNDATION
    2000 M STREET NW SUITE 550
    WASHINGTON,DC20036     		N/A PC OPERATIONAL SUPPORT 15,000
    AMERICAN RED CROSS
    510 E CHESTNUT STREET
    LOUISVILLE,KY40201     		N/A PC OPERATIONAL SUPPORT 5,000
    APPALSHOP INC
    91 MADISON AVE
    WHITESBURG,KY41858     		N/A PC OPERATIONAL SUPPORT 25,000
    ATLANTIC SALMON FEDERATION
    PO BOX 807
    CALIAS,ME04619     		N/A PC OPERATIONAL SUPPORT 1,000
    BELLARMINE UNIVERSITY
    2001 NEWBURG ROAD
    LOUISVILLE,KY40205     		N/A PC OPERATIONAL SUPPORT 2,500
    BEREA COLLEGE
    CPO 2122 101 CHESTNUT ST
    BEREA,KY40404     		N/A PC PROGRAM SUPPORT 10,000
    BERRY CENTER
    PO BOX 582
    NEW CASTLE,KY40050     		N/A PC OPERATIONAL SUPPORT 77,225
    BILLFISH FOUNDATION INC
    5100 N FEDERAL HIGHWAY SUITE 200
    FT LAUDERDALE,FL33308     		N/A PC OPERATIONAL SUPPORT 10,000
    BLACKACRE CONSERVANCY
    3200 TUCKER STATION ROAD
    LOUISVILLE,KY40299     		N/A PC OPERATIONAL SUPPORT 10,000
    BLUEGRASS LAND CONSERVANCY
    450 OLD VINE STREET 105
    LEXINGTON,KY40507     		N/A PC OPERATIONAL SUPPORT 125,000
    BONEFISH AND TARPON TRUST
    2937 SW 27TH AVE SUITE 203
    MIAMI,FL33133     		N/A PC OPERATIONAL SUPPORT 200
    BROWN UNIVERSITY
    BOX 1893
    PROVIDENCE,RI02903     		N/A PC OPERATIONAL SUPPORT 20,000
    CCA FLORIDA
    PO BOX 56886
    ORLANDO,FL32856     		N/A PC OPERATIONAL SUPPORT 2,500
    CENTENNIAL PARK CONSERVANCY
    PO BOX 196340
    NASHVILLE,TN37219     		N/A PC OPERATIONAL SUPPORT 6,612
    CENTER FOR GREAT APES
    PO BOX 488
    WAUCHULA,FL33873     		N/A PC OPERATIONAL SUPPORT 2,500
    CENTRAL KENTUCKY RIDING FOR HOPE
    PO BOX 13155
    LEXINGTON,KY40583     		N/A PC OPERATIONAL SUPPORT 1,000
    CHEEKWOOD
    1200 FORREST PARK DRIVE
    NASHVILLE,TN37205     		N/A PC CAPITAL CAMPAIGN 28,000
    COMMUNITY FOUNDATION OF MIDDLE TENNESSEE
    3833 CLEGHORN AVENUE 400
    NASHVILLE,TN37215     		N/A PC OPERATIONAL SUPPORT 100,000
    UNIVERSITY OF VIRGINIA OFFICE OF DEVELOPMENT
    PO BOX 400807
    CHARLOTTESVILLE,VA22904     		N/A PUBLIC UNIVERSITY PROGRAM SUPPORT: COMPASSIONATE SCHOOLS PROJECT 25,000
    UNIVERSITY OF VIRGINIA CONTEMPLATIVE SCIENCES CENTER
    PO BOX 400290
    CHARLOTTESVILLE,VA22904     		N/A PUBLIC UNIVERSITY OPERATIONAL SUPPORT 200,000
    CREASEY MAHAN NATURE PRESERVE
    12501 HARMONY LANDING LANE
    GOSHEN,KY40026     		N/A PC OPERATIONAL SUPPORT 2,500
    DENDRIFUND
    325 WEST MAIN STREET SUITE 1110
    LOUISVILLE,KY40203     		N/A PC OPERATIONAL SUPPORT 92,500
    DENISON UNIVERSITY
    100 WEST COLLEGE STREET
    GRANVILLE,OH43023     		N/A PC OPERATIONAL SUPPORT 1,000
    DUCKS UNLIMITED INC
    ONE WATERFOWL WAY
    MEMPHIS,TN38120     		N/A PC OPERATIONAL SUPPORT 100,000
    EDIBLE SCHOOLYARD PROJECT
    1517 SHATTUCK AVE
    BERKELEY,CA94709     		N/A PC OPERATIONAL SUPPORT 40,000
    FILSON CLUB HISTORICAL SOCIETY
    1310 SOUTH THIRD STREET
    LOUISVILLE,KY40202     		N/A PC OPERATIONAL SUPPORT 250
    FISHING FOR MD FOUNDATION
    8580 LAURELDALE DRIVE SUITE 2A
    LAUREL,MD20724     		N/A PC OPERATIONAL SUPPORT 500
    FLORIDA FISHING ACADEMY
    7067 PENINSULA CT
    LAKE WORTH,FL33467     		N/A PC PROGRAM SUPPORT 2,500
    FOOD LITERACY PROJECT
    9001 LIMEHOUSE LANE
    LOUISVILLE,KY40220     		N/A PC OPERATIONAL SUPPORT 35,000
    FRIENDS OF RADNOR LAKE
    PO BOX 40324
    NASHVILLE,TN37204     		N/A PC OPERATIONAL SUPPORT 6,000
    FRIENDS OF SHELBY PARK AND BOTTOMS
    PO BOX 68499
    NASHVILLE,TN37221     		N/A PC OPERATIONAL SUPPORT 6,612
    FRIENDS OF WARNER PARKS
    30 VAUGHN ROAD
    NASHVILLE,TN37221     		N/A PC CAPITAL CAMPAIGN 25,000
    FUND FOR THE ARTS
    623 WEST MAIN STREET
    LOUISVILLE,KY40202     		N/A PC OPERATIONAL SUPPORT 40,000
    GILDA'S CLUB
    2440 GRINSTEAD DRIVE
    LOUISVILLE,KY40204     		N/A PC OPERATIONAL SUPPORT 5,000
    GLADSTONE INSTITUTE
    1650 OWENS STREET
    SAN FRANCISCO,CA94158     		N/A PC OPERATIONAL SUPPORT 75,000
    HISTORIC LOCUST GROVE
    561 BLANKENBAKER LANE
    LOUISVILLE,KY40207     		N/A PC OPERATIONAL SUPPORT 1,000
    HOPE SCARVES
    141 N SHERRIN AVE SUITE 101
    LOUISVILLE,KY40207     		N/A PC OPERATIONAL SUPPORT 1,000
    ILLUMINATE
    228 LAIDLEY STREET
    SAN FRANCISCO,CA94131     		N/A PC OPERATIONAL SUPPORT 50,000
    ISAAC W BERNHEIM FOUNDATION INC
    PO BOX 130
    CLERMONT,KY40110     		N/A PC OPERATIONAL SUPPORT 42,500
    JB SPEED ART MUSEUM
    2035 S THIRD STREET
    LOUISVILLE,KY40208     		N/A PC PROGRAM AND OPERATIONAL SUPPORT, AND CAPITAL CAMPAIGN 242,594
    KENTUCKY COALITION INC
    PO BOX 1450
    LONDON,KY40743     		N/A PC PROGRAM SUPPORT 10,000
    KENTUCKY COLLEGE OF ART AND DESIGN
    505 WEST ORMSBY AVENUE
    LOUISVILLE,KY40203     		N/A PC OPERATIONAL SUPPORT 775,000
    KENTUCKY COUNTRY DAY
    4100 SPRINGDALE ROAD
    LOUISVILLE,KY40241     		N/A PC OPERATIONAL SUPPORT AND CAPITAL CAMPAIGN 130,000
    KENTUCKY DERBY MUSEUM
    PO BOX 21177
    LOUISVILLE,KY40221     		N/A PC OPERATIONAL SUPPORT 1,000
    KENTUCKY EQUINE ADOPTION CENTER
    PO BOX 910124
    LEXINGTON,KY40591     		N/A PC OPERATIONAL SUPPORT 1,000
    KENTUCKY FISH & WILDLIFE EDUCATION FDN
    PO BOX 4115
    FRANKFORT,KY40604     		N/A PC OPERATIONAL SUPPORT 2,500
    KENTUCKY SCIENCE CENTER
    727 WEST MAIN STREET
    LOUISVILLE,KY40202     		N/A PC OPERATIONAL SUPPORT 1,000
    KENTUCKY STATE NATURE PRESERVE COMMISSION
    OFFICE OF KENTUCKY NATURE PRESERVES
    300 SOWER BOULEVARD 4TH FLOOR
    FRANKFORT,KY40601     		N/A GOV OPERATIONAL SUPPORT 5,000
    KENTUCKY TRUST FOR HISTORIC PRESERVATION
    PO BOX 1112
    FRANKFORT,KY40602     		N/A PC OPERATIONAL SUPPORT 5,000
    KENTUCKY WATERWAYS ALLIANCE INC
    120 WEBSTER STREET SUITE 217
    LOUISVILLE,KY40206     		N/A PC OPERATIONAL SUPPORT 5,000
    KET
    560 COOPER DRIVE
    LEXINGTON,KY40502     		N/A PC OPERATIONAL SUPPORT 2,500
    LAND TRUST ALLIANCE
    1250 H STREET NW SUITE 600
    WASHINGTON,DC20005     		N/A PC OPERATIONAL SUPPORT 1,000
    LEADERSHIP LOUISVILLE
    707 W MAIN STREET
    LOUISVILLE,KY40202     		N/A PC OPERATIONAL SUPPORT 10,000
    LEAGUE OF KENTUCKY SPORTSMEN
    1116 HUME ROAD
    LEXINGTON,KY40516     		N/A PC OPERATIONAL SUPPORT 2,500
    LEXINGTON SCHOOL INC
    1050 LANE ALLEN ROAD
    LEXINGTON,KY40504     		N/A PC OPERATIONAL SUPPORT 1,000
    LOUISVILLE NATURE CENTER
    3745 ILLINOIS AVE
    LOUISVILLE,KY40213     		N/A PC OPERATIONAL SUPPORT 25,000
    LOUISVILLE OLMSTED PARKS CONSERVANCY
    1299 TREVILIAN WAY
    LOUISVILLE,KY40213     		N/A PC OPERATIONAL SUPPORT 35,000
    LOUISVILLE ORCHESTRA
    620 WEST MAIN STREET SUITE 600
    LOUISVILLE,KY40202     		N/A PC PROGRAM SUPPORT 25,372
    LOUISVILLE PUBLIC MEDIA
    619 S 4TH STREET
    LOUISVILLE,KY40202     		N/A PC PROGRAM SUPPORT 25,000
    LOUISVILLE URBAN LEAGUE
    1535 WEST BROADWAY
    LOUISVILLE,KY40203     		N/A PC CAPITAL SUPPORT 371,483
    LOUISVILLE ZOO FOUNDATION
    1100 TREVILLIAN WAY PO BOX 37250
    LOUISVILLE,KY40233     		N/A PC OPERATIONAL SUPPORT 5,000
    MAKER'S MARK SECRETARIAT CENTER
    4155 WALT ROBERTSON DR
    LEXINGTON,KY40511     		N/A PC OPERATIONAL SUPPORT 1,000
    MASTERSON EQUESTRIAN TRUST FOUNDATION
    PO BOX 12042
    LEXINGTON,KY40580     		N/A PC OPERATIONAL SUPPORT 1,000
    MERRIE-WOODE FOUNDATION
    100 MERRIE WOOD RD
    SAPPHIRE,NC28774     		N/A PC OPERATIONAL SUPPORT 1,000
    METRO UNITED WAY
    PO BOX 4488
    LOUISVILLE,KY40204     		N/A PC OPERATIONAL SUPPORT 20,000
    MID-SOUTH EVENTING AND DRESSAGE ASSN
    PO BOX 338
    GEORGETOWN,KY40324     		N/A PC OPERATIONAL SUPPORT 1,000
    MOCKINGBIRD VALLEY PRESERVATION ALLIANCE
    4967 US HUGHWAY 42 SUITE 230
    LOUISVILLE,KY40222     		N/A PC OPERATIONAL SUPPORT 1,000
    MUHAMMAD ALI CENTER
    1 MUHAMMAD ALI CENTER 144 N SIXTH
    STREET
    LOUISVILLE,KY40202     		N/A PC OPERATIONAL SUPPORT 12,500
    NASHVILLE CIVIC DESIGN CENTER
    SUITE 106 138 2ND AVENUE NORTH
    NASHVILLE,TN37201     		N/A PC OPERATIONAL SUPPORT 100,000
    NASHVILLE PARKS FOUNDATION
    C/O METROPOLITAN BOAORD OF PARKS
    AND RECREATION PO BOX 196340
    NASHVILLE,TN37219     		N/A PC TENNIS COURT RESTORATION AND SUPPORT 100,000
    NASHVILLE TREE CONSERVATION CORPS
    BOX 60683
    NASHVILLE,TN37206     		N/A PC OPERATIONAL SUPPORT 50,000
    NATIONAL PARKS CONVERSATION ASSOCIATION
    1300 19TH STREET NW SUITE 700
    WASHINGTON,DC20036     		N/A PC OPERATIONAL SUPPORT 20,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET
    NEW YORK,NY10011     		N/A PC WESTER WATER PROJECT 21,226
    NATURE CONSERVANCY - FLORIDA
    2500 MAITLAND CENTER PARKWAY SUITE
    311
    MAITLAND,FL32751     		N/A PC OPERATIONAL SUPPORT 1,000
    NATURE CONSERVANCY - WYOMING
    258 MAIN ST SUITE 200
    LANDER,WY82520     		N/A PC OPERATIONAL SUPPORT 1,000
    NATURE CONSERVANCY - KY CHAPTER
    414 BAXTER AVE SUITE 265
    LOUISVILLE,KY40204     		N/A PC OPERATIONAL SUPPORT 25,000
    NEW VOCATIONS RACEHORSE ADOPTION PROGRAM
    719 DOLAN LANE
    LEXINGTON,KY40511     		N/A PC OPERATIONAL SUPPORT 1,000
    OLD FRIEND'S INC
    1841 PAYNES DEPOT RD
    GEORGETOWN,KY40324     		N/A PC OPERATIONAL SUPPORT 1,000
    OLDHAM COUNTY HISTORICAL SOCIETY
    106 NORTH SECOND AVENUE
    LAGRANGE,KY40031     		N/A PC OPERATIONAL SUPPORT 6,000
    PALM BEACH COUNTY FISHING FOUNDATION
    201 5TH STREET
    WEST PALM BEACH,FL33401     		N/A PC OPERATIONAL SUPPORT 2,500
    QUALITY DEER MANAGEMENT ASSOCIATION
    170 WHITETAIL WAY
    BOGART,GA30622     		N/A PC OPERATIONAL SUPPORT 25,000
    REFED
    2807 JACKSON AVE FLOOR 5
    LONG ISLAND CITY,NY11101     		N/A PC OPERATIONAL SUPPORT 25,000
    RETIRED RACEHORSE PROJECT
    2976 SOLOMONS ISLAND RD
    EDGEWATER,MD21037     		N/A PC OPERATIONAL SUPPORT 1,000
    RIVER FIELDS INC
    1201 STORY AVE STE 215
    LOUISVILLE,KY40206     		N/A PC OPERATIONAL SUPPORT 1,000
    ROCKY MOUNTAIN ELK FOUNDATION
    5705 GRANT CREEK ROAD
    MISSOULA,MT59808     		N/A PC OPERATIONAL SUPPORT 5,000
    RURAL URBAN EXCHANGE
    C/O APPALSHOP 91 MADISON AVE
    WHITESBURG,KY41858     		N/A PC OPERATIONAL SUPPORT 15,000
    SAN FRANCISCO BALLET
    CHRIS HELLMAN CENTER FOR DANCE 455
    FRANKLIN STREET
    SAN FRANCISCO,CA94102     		N/A PC OPERATIONAL SUPPORT 25,000
    SAYRE SCHOOL
    194 N LIMESTONE
    LEXINGTON,KY40507     		N/A PC OPERATIONAL SUPPORT 1,000
    SECOND STRIDE INC
    7204 HIGHWAY 329
    CRESTWOOD,KY40014     		N/A PC OPERATIONAL SUPPORT 2,500
    SHAKERTOWN AT PLEASANT HILL
    3501 LEXINGTON ROAD
    HARRODSBURG,KY40330     		N/A PC 50 FOR 50 CAMPAIGN 19,275
    SMOKETOWN FAMILY WELLNESS CENTER
    760 S HANCOCK ST SUITE B100
    LOUISVILLE,KY40203     		N/A PC OPERATIONAL SUPPORT 1,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    201 WEST MAIN STREET SUITE 14
    CHARLOTTESVILLE,VA22902     		N/A PC OPERATIONAL SUPPORT 50,000
    SPORTSMAN ALLIANCE FOUNDATION
    801 KINGSMILL PARKWAY
    COLUMBUS,OH43229     		N/A PC OPERATIONAL SUPPORT 2,500
    ST FRANCIS SCHOOL
    11000 US HIGHWAY 42
    GOSHEN,KY40026     		N/A PC OPERATIONAL SUPPORT 25,000
    STERLING COLLEGE
    PO BOX 72
    CRAFTSBURY COMMON,VT05827     		N/A PC OPERATIONAL SUPPORT 25,000
    STONE BARNS CENTER FOR FOOD AND AGRICULTURE
    630 BEDFORD ROAD
    POCANTICO HILLS,NY10591     		N/A PC OPERATIONAL SUPPORT 50,000
    TEACH FOR AMERICA
    220 ATHENS WAY SUITE 300
    NASHVILLE,TN37228     		N/A PC OPERATIONAL SUPPORT 25,000
    TENNESSEE WILDLIFE FEDERATION FOUNDATION
    300 ORLANDO AVE
    NASHVILLE,TN37209     		N/A PC OPERATIONAL SUPPORT 1,000
    THE BRINTON MUSEUM
    PO BOX 460
    BIG HORN,WY82833     		N/A PC OPERATIONAL SUPPORT 10,000
    THE GARDEN CONSERVANCY
    PO BOX 608
    GARRISON,NY10524     		N/A PC OPERATIONAL SUPPORT 2,000
    THE HEALING PLACE
    1020 WEST MARKET STREET
    LOUISVILLE,KY40202     		N/A PC OPERATIONAL SUPPORT 25,000
    THE LAND TRUST FOR TENNESSEE
    209 10TH AVENUE SOUTH 327
    NASHVILLE,TN37203     		N/A PC OPERATIONAL SUPPORT 125,000
    THE UNITED STATES PONY CLUBS INC
    4041 IRON WORKS PARKWAY
    LEXINGTON,KY40511     		N/A PC OPERATIONAL SUPPORT 1,000
    THISTLE FARMS INC
    5122 CHARLOTTE PIKE
    NASHVILLE,TN37209     		N/A PC GLOBAL PROJECT SUPPORT 25,000
    THOROUGHBREAD AFTERCARE ALLICAN FDN
    821 CORPORATE DR
    LEXINGTON,KY40503     		N/A PC OPERATIONAL SUPPORT 1,000
    THOROUGHBREAD CHARITIES OF AMERICA
    PO BOX 910668
    LEXINGTON,KY40591     		N/A PC OPERATIONAL SUPPORT 1,000
    THOROUGHBREAD RETIREMENT FOUNDATION
    PO BOX 834
    SARATOGA SPRINGS,NY12866     		N/A PC OPERATIONAL SUPPORT 1,000
    TOKEN III CLUB
    3439 BRECKENRIDGE LN
    LOUISVILLE,KY40220     		N/A PC OPERATIONAL SUPPORT 25,000
    TOMKAT RANCH EDUCATIONAL FOUNDATION
    PO BOX 726
    PESCADORA,CA94060     		N/A PC GROWING THE TABLE INITIATIVE 238,000
    TREES LOUISVILLE
    PO BOX 5816
    LOUISVILLE,KY40255     		N/A PC OPERATIONAL SUPPORT 25,000
    TROUT UNLIMITED
    PO BOX 7400
    WOOLY BUGGER,WY25438     		N/A PC OPERATIONAL SUPPORT 5,000
    US EQUESTRIAN TEAM FOUNDATION
    PO BOX 355
    GLADSTONE,NJ07934     		N/A PC OPERATIONAL SUPPORT 500
    USEA FOUNDATION
    525 OLD WATERFORD RD NW
    LEESBURG,VA20176     		N/A PC OPERATIONAL SUPPORT 500
    WATERFRONT BOTANICAL GARDENS
    PO BOX 5056
    LOUISVILLE,KY40255     		N/A PC OPERATIONAL SUPPORT 50,000
    WEST END SCHOOL INC
    3628 VIRGINIA AVE
    LOUISVILLE,KY40203     		N/A PC OPERATIONAL SUPPORT 2,500
    WILDERNESS LOUISVILLE
    PO BOX 456
    FAIRDALE,KY40118     		N/A PC OPERATIONAL SUPPORT 25,000
    WHITE OAK INITIATIVE
    C/O AMERICAN FOREST FOUNDATION FOR
    FAMILY FOREST OWNERS 2000 M ST NW S
    WASHINGTON,DC20036     		N/A PC OPERATIONAL SUPPORT 20,000
    WYOMING WILDLIFE FEDERATION
    PO BOX 1312
    LANDER,WY82520     		N/A PC OPERATIONAL SUPPORT 5,000
    YEW DELL GARDENS
    PO BOX 1334
    CRESTWOOD,KY40014     		N/A PC OPERATIONAL SUPPORT 500
    Total .................................bullet 3a 4,243,349
    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 1,891  
    4 Dividends and interest from securities....     14 1,044,843  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 3,267,464  
    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).. 0 4,314,198 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,314,198
    (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

    TY 2020 AccountingFeesSchedule
    Name:
    W L LYONS BROWN FOUNDATION
    EIN:
    61-0598511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION 1,425 712   713

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    W L LYONS BROWN FOUNDATION
    EIN:
    61-0598511
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1,301,039 SHS BROWN FORMAN - B 129,023 103,341,528
    154,589 SHS BROWN FORMAN - A 58,290 11,357,654

    TY 2020 OtherExpensesSchedule
    Name:
    W L LYONS BROWN FOUNDATION
    EIN:
    61-0598511
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KY ANNUAL REPORT 15 0   15
    BANK FEES 2,043 0   2,043
    STATIONERY 125 0   125
    SOFTWARE 730 0   730


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    W L LYONS BROWN FOUNDATION
    EIN:
    61-0598511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOUNDATION ADMINISTRATION 11,000 5,500   5,500


    TY 2020 TaxesSchedule
    Name:
    W L LYONS BROWN FOUNDATION
    EIN:
    61-0598511
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ESTIMATED TAXES 59,600 0   0