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
JAMES GRAHAM BROWN FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)471 WEST MAIN STREET SUITE 401
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY40202
A Employer identification number

61-0724060
B Telephone number (see instructions)

(502) 896-2440
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$374,576,276J 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 16,882 16,882  
4 Dividends and interest from securities... 4,326,358 5,249,114  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 8,144,892
b Gross sales price for all assets on line 6a 71,282,427
7 Capital gain net income (from Part IV, line 2)... 13,705,541
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 145,875 -94,835  
12 Total. Add lines 1 through 11........ 12,634,007 18,876,702  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 692,900 220,535   400,577
14 Other employee salaries and wages...... 421,658 2,800   413,234
15 Pension plans, employee benefits....... 238,558 50,447   166,739
16a Legal fees (attach schedule)......... Click to see attachment 10,142 10,142   0
b Accounting fees (attach schedule)....... Click to see attachment 45,000 22,500   22,500
c Other professional fees (attach schedule).... Click to see attachment 534,157 520,028   14,129
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 400,894 433,389   1,888
19 Depreciation (attach schedule) and depletion... 24,093 0  
20 Occupancy.............. 109,504 27,376   82,128
21 Travel, conferences, and meetings....... 15,160 1,010   14,150
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 311,872 1,138,377   187,430
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,803,938 2,426,604   1,302,775
25 Contributions, gifts, grants paid....... 17,840,026 18,055,026
26 Total expenses and disbursements. Add lines 24 and 25 20,643,964 2,426,604   19,357,801
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -8,009,957
b Net investment income (if negative, enter -0-) 16,450,098
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............. 988,954 1,067,432 1,067,432
2 Savings and temporary cash investments......... 16,489,997 20,006,026 20,006,026
3 Accounts receivable bullet51,745
Less: allowance for doubtful accounts bullet   15,979 51,745 51,745
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.......... 67,212 11,371 11,371
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 19,042,939 Click to see attachment22,026,028 22,026,028
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).......... 312,987,577 Click to see attachment331,104,805 331,104,805
14 Land, buildings, and equipment: basis bullet307,187
Less: accumulated depreciation (attach schedule) bullet136,334 62,331 Click to see attachment170,853 170,853
15 Other assets (describe bullet) Click to see attachment373,169 Click to see attachment138,016 Click to see attachment138,016
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 350,028,158 374,576,276 374,576,276
Liabilities 17 Accounts payable and accrued expenses.......... 34,282 173,348
18 Grants payable................. 465,000 250,000
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) Click to see attachment1,800,000 Click to see attachment1,700,000
23 Total liabilities (add lines 17 through 22)......... 2,299,282 2,123,348
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........... 347,728,876 372,452,928
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 347,728,876 372,452,928
30 Total liabilities and net assets/fund balances (see instructions). 350,028,158 374,576,276
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
347,728,876
2
Enter amount from Part I, line 27a .....................
2
-8,009,957
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
32,734,009
4
Add lines 1, 2, and 3 ..........................
4
372,452,928
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
372,452,928
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 K-1 GAINS/LOSSES P    
b HARVEY INVESTMENT CO - PUBLICLY TRADED SECURITIES P    
c HILLIARD LYONS - PUBLICLY TRADED SECURITIES P    
d NUVEEN US BANK - PUBLICLY TRADED SECURITIES P    
e NUVEEN CAPITAL GAIN DISTRIBUTION P    
CONNOR PREFERRED DEBT FUND P 2018-02-26 2020-03-12
LEASEHOLD IMPROVEMENTS P 1999-09-30 2020-06-30
(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       5,560,649
b 520,040   711,109 -191,069
c 1,161,442   782,016 379,426
d 67,165,472   62,859,617 4,305,855
e       3,216,223
2,435,473   1,992,000 443,473
  93,742 102,758 -9,016
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       5,560,649
b       -191,069
c       379,426
d       4,305,855
e       3,216,223
      443,473
      -9,016
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 13,705,541
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................................ 1 228,656
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........................... 3 228,656
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- ..... 5 228,656
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 120,000
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.............. 7 120,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 2,869
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 111,525
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
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)
    bulletCA, NY, CO, VA, LA, MA
    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 addressbulletJGBF.ORG
    14
    The books are in care ofbulletMASON B RUMMEL PRESIDENT Telephone no.bullet (502) 896-2440

    Located atbullet471 WEST 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
    STEPHEN CAMPBELL CHAIRMAN
    10.00     		50,000 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    CRIT LUALLEN VICE CHAIR
    1.00     		18,200 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    ANGIE EVANS TRUSTEE
    1.00     		18,600 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    DAN FOX TRUSTEE
    1.00     		18,600 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    RUDY GERNERT TRUSTEE
    1.00     		0 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    AUDWIN HELTON TRUSTEE
    1.00     		19,400 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    LOPA MEHROTRA TRUSTEE
    1.00     		18,600 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    R ALEX RANKIN TRUSTEE
    1.00     		19,000 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    STEPHEN REILY TRUSTEE
    1.00     		18,900 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    R TED STEINBOCK MD TRUSTEE
    1.00     		19,400 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    ALICE HOUSTON TRUSTEE, AT-LARGE
    1.00     		800 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    JOHN LEWIS TRUSTEE, AT-LARGE
    1.00     		400 0 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    MASON RUMMEL PRESIDENT, CEO
    50.00     		315,000 73,735 0
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    KATHY KOTCAMP TREASURER, CFO
    30.00     		176,000 33,539 0
    471 WEST MAIN STREET SUITE 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
    BLEIK PICKET PROGRAM OFFICER
    40.00     		135,131 22,476 0
    471 W MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    KELSIE SMITHSON PROGRAM OFFICER
    40.00     		86,000 16,366 0
    471 W MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    VANESSA CATES OFFICE MANAGER
    40.00     		56,000 13,214 0
    471 W MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    VIRGINIA LEE PROGRAM OFFICER
    40.00     		50,417 8,522 0
    471 W MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    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
    NUVEEN FUNDS INVESTMENT MANAGEMENT 254,116
    PO BOX 219140
    KANSAS CITY,MO641219140
    CLIFFWATER LLC INVESTMENT MANAGEMENT 160,417
    4640 ADMIRALTY WAY 11TH FLOOR
    MARINA DEL REY,CA902916623
    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 NONE 0
    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 NONE 0
    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
    334,564,019
    b
    Average of monthly cash balances.......................
    1b
    2,025,959
    c
    Fair market value of all other assets (see instructions)................
    1c
    3,254,039
    d
    Total (add lines 1a, b, and c).........................
    1d
    339,844,017
    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
    339,844,017
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    5,097,660
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    334,746,357
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    16,737,318
    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
    16,737,318
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    228,656
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    240,641
    c
    Add lines 2a and 2b............................
    2c
    469,297
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    16,268,021
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    16,268,021
    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
    16,268,021
    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
    19,357,801
    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
    19,357,801
    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
    19,357,801
    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 16,268,021
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 15,011,815
    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$ 19,357,801
    a Applied to 2019, but not more than line 2a 15,011,815
    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..... 4,345,986
    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 ..........     		11,922,035
    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 e-mail address of the person to whom applications should be addressed:
    MASON RUMMEL PRESIDENT JAMES GRAHAM
    471 WEST MAIN STREET SUITE 401
    LOUISVILLE,KY40202
    (502) 896-2440
    bThe form in which applications should be submitted and information and materials they should include:
    SEE "FOR GRANTSEEKERS" SECTION ON JGBF.ORG
    cAny submission deadlines:
    SEE "FOR GRANTSEEKERS" SECTION ON JGBF.ORG
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE "FOR GRANTSEEKERS" SECTION ON JGBF.ORG
    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
    ALICE LLOYD COLLEGE
    100 PURPOSE RD
    PIPPA PASSES,KY418449005     		N/A SCHOOL EDUCATIONAL ATTAINMENT INITIATIVE 500,000
    AMERICAN PRINTING HOUSE FOR THE BLIND INC
    1839 FRANKFORT AVE
    LOUISVILLE,KY402063148     		N/A PUBLIC CHARITY EMERGENCY PREPAREDNESS AND CONTINUITY PLAN 105,700
    AMERICANA COMMUNITY CENTER
    4801 SOUTHSIDE DR
    LOUISVILLE,KY402142111     		N/A PUBLIC CHARITY COVID-19 RESPONSE 25,000
    ASSOCIATION OF COMMUNITY MINISTRIES INC
    PO BOX 99545
    LOUISVILLE,KY402690545     		N/A PUBLIC CHARITY COVID-19 CRISIS RESPONSE GRANT 30,000
    ASSOCIATION OF COMMUNITY MINISTRIES INC
    PO BOX 99545
    LOUISVILLE,KY402690545     		N/A PUBLIC CHARITY A SAFETY NET FOR ALL: THE COMMUNITY MINISTRIES' NEXT CHAPTER 250,000
    BACKSIDE LEARNING CENTER
    3131 S 2ND STREET 389
    LOUISVILLE,KY40208     		N/A PUBLIC CHARITY EMERGENCY RELIEF AND SERVICES TO EQUINE WORKERS AND THEIR FAMILIES 15,000
    BATES COMMUNITY DEVELOPMENT CORPORATION
    1228 S JACKSON ST
    LOUISVILLE,KY402032664     		N/A PUBLIC CHARITY CRISIS RESPONSE GRANTS 15,000
    BIG BROTHERS BIG SISTERS OF KENTUCKIANA INC
    1519 GARDINER LN STE B
    LOUISVILLE,KY402184520     		N/A PUBLIC CHARITY PROJECT IGNITE 230,000
    BOYS AND GIRLS CLUBS OF KENTUCKIANA
    3900 CRITTENDEN DR
    LOUISVILLE,KY402091126     		N/A PUBLIC CHARITY COVID-19 RESPONSE 50,000
    BRIDGE KIDS INTERNATIONAL INC
    501 W KENWOOD DR
    LOUISVILLE,KY402142758     		N/A PUBLIC CHARITY KIZAZI FUND PILOT 36,000
    CABBAGE PATCH SETTLEMENT HOUSE INC
    1413 S 6TH ST
    LOUISVILLE,KY402082203     		N/A PUBLIC CHARITY BUILDING CAPACITY FOR CABBAGE PATCH FAMILIES' CRISIS RECOVERY 97,000
    CENTER FOR NEIGHBORHOODS
    1126 BERRY BLVD SUITE 300
    LOUISVILLE,KY40215     		N/A PUBLIC CHARITY BUILDING ORGANIZATIONAL EFFECTIVENESS AND RESILIENCY 175,000
    CENTER FOR NONPROFIT EXCELLENCE
    323 W BROADWAY SUITE 501
    LOUISVILLE,KY40202     		N/A PUBLIC CHARITY FOUNDATIONAL PARTNERS: FUELING OUR FUTURE SUCCESS 150,000
    CENTER FOR NONPROFIT EXCELLENCE
    323 W BROADWAY SUITE 501
    LOUISVILLE,KY40202     		N/A PUBLIC CHARITY CNPE SCHOOL OF FUNDRAISING AND ENGAGEMENT 95,000
    CENTRE COLLEGE
    600 W WALNUT ST
    DANVILLE,KY404221309     		N/A SCHOOL BROWN FELLOWS PROGRAM 2020 505,241
    COMMUNITY FOUNDATION OF LOUISVILLE INC
    325 W MAIN ST STE 1110
    LOUISVILLE,KY402024251     		N/A PUBLIC CHARITY FUND FOR LOUISVILLE: RACIAL JUSTICE COHORT 29,000
    COMMUNITY FOUNDATION OF LOUISVILLE INC
    325 W MAIN ST STE 1110
    LOUISVILLE,KY402024251     		N/A PUBLIC CHARITY COVID-19 EMERGENCY RESPONSE FUND 500,000
    COMMUNITY FOUNDATION OF LOUISVILLE INC
    325 W MAIN ST STE 1110
    LOUISVILLE,KY402024251     		N/A PUBLIC CHARITY COVID-19 RESPONSE FUND 1,000,000
    COMMUNITY FOUNDATION OF LOUISVILLE INC
    325 W MAIN ST STE 1110
    LOUISVILLE,KY402024251     		N/A PUBLIC CHARITY 2020 GIVE FOR GOOD LOUISVILLE 10,000
    COMMUNITY FOUNDATION OF LOUISVILLE INC
    325 W MAIN ST STE 1110
    LOUISVILLE,KY402024251     		N/A PUBLIC CHARITY LOUISVILLE YOUTH PHILANTHROPY COUNCIL 5,000
    COMMUNITY VENTURES CORPORATION
    1450 N BROADWAY
    LEXINGTON,KY405053162     		N/A PUBLIC CHARITY CHEF SPACE COMMUNITY PARTNERSHIPS FOR COVID-19 RELIEF 50,000
    COUNCIL ON FOUNDATIONS
    1255 23RD ST NW SUITE 200
    WASHINGTON,DC20037     		N/A PUBLIC CHARITY MEMBERSHIP DUES 18,500
    COUNCIL ON FOUNDATIONS
    1255 23RD ST NW SUITE 200
    WASHINGTON,DC20037     		N/A PUBLIC CHARITY 2020 PUBLIC POLICY SUMMIT 5,000
    DONORS FORUM
    325 W MAIN ST STE 1110
    LOUISVILLE,KY402024251     		N/A PUBLIC CHARITY MEMBERSHIP DUES 1,000
    EDUCATIONAL JUSTICE
    737 SOUTH THIRD ST LOWER LEVEL
    LOUISVILLE,KY402022483     		N/A PUBLIC CHARITY EDUCATIONAL JUSTICE ACTIVISTS 265,000
    EVOLVE502
    334 E BROADWAY
    LOUISVILLE,KY402021739     		N/A PUBLIC CHARITY IMPLEMENTING THE LOUISVILLE PROMISE 200,000
    FAMILY & CHILDREN'S PLACE
    PO BOX 3784
    LOUISVILLE,KY402013784     		N/A PUBLIC CHARITY IMPACTV 140,000
    FHGR INC
    4055 SHELBYVILLE ROAD SUITE B
    LOUISVILLE,KY402073106     		N/A PUBLIC CHARITY GRIEF SCHOLARSHIPS AND GENERAL PROGRAMMING 20,000
    FOUNDATION FOR APPALACHIAN KENTUCKY INC
    420 MAIN STREET
    HAZARD,KY41701     		N/A PUBLIC CHARITY EMERGENCY COVID-19 RESPONSE IN EASTERN KENTUCKY 500,000
    FOUNDATION FOR APPALACHIAN KENTUCKY INC
    420 MAIN STREET
    HAZARD,KY41701     		N/A PUBLIC CHARITY POST-COVID19 ACCELERATED BUSINESS SUPPORT FOR ENTREPRENEURS IN EASTERN KENTUCKY 300,000
    GOD'S PANTRY FOOD BANK INC
    1685 JAGGIE FOX WAY
    LEXINGTON,KY405111084     		N/A PUBLIC CHARITY MEASURING OUR IMPACT IN REAL TIME 200,000
    GRANTMAKERS FOR EDUCATION
    851 SW 6TH AVE STE 350
    PORTLAND,OR972041339     		N/A PUBLIC CHARITY MEMBERSHIP DUES 4,200
    GREATER LOUISVILLE PROJECT
    325 W MAIN ST STE 1110
    LOUISVILLE,KY402024251     		N/A PUBLIC CHARITY GREATER LOUISVILLE PROJECT'S DEEP DRIVERS OF CHANGE 25,000
    GREATER LOUISVILLE WORKFORCE INVESTMENT BOARD INC
    410 W CHESTNUT ST STE 200
    LOUISVILLE,KY402022322     		N/A PUBLIC CHARITY A TALENT DEVELOPMENT SYSTEM FOR THE LOUISVILLE REGION 300,000
    HABITAT FOR HUMANITY OF METRO LOUISVILLE
    1620 BANK STREET
    LOUISVILLE,KY402091817     		N/A PUBLIC CHARITY LOUISVILLE HABITAT COVID-19 CRISIS RESPONSE GRANT 25,000
    HARBOR HOUSE OF LOUISVILLE INC
    2231 LOWER HUNTERS TRACE
    LOUISVILLE,KY40216     		N/A PUBLIC CHARITY BUILDING BRIGHTER LIVES THROUGH AN INTERGENERATIONAL MODEL 400,000
    HOUSE OF RUTH INC
    109 EAST BROADWAY NO 302A
    LOUISVILLE,KY402033409     		N/A PUBLIC CHARITY GENERAL OPERATING SUPPORT 35,000
    JEFFERSON COMMUNITY & TECHNICAL COLLEGE FOUNDATION INC
    109 EAST BROADWAY NO 302A
    LOUISVILLE,KY402022005     		N/A PUBLIC CHARITY STUDENT DEBT RELIEF: A COVID-19 RETENTION AND COMPLETION STRATEGY 210,000
    JEWISH FAMILY & CAREER SERVICES OF LOUISVILLE INC
    2821 KLEMPNER WAY
    LOUISVILLE,KY402054203     		N/A PUBLIC CHARITY FAMILY STRENGTHENING DURING COVID AND ECONOMIC DISRUPTION 75,000
    KENTUCKIANAWORKS FOUNDATION
    410 W CHESTNUT SUITE 200
    LOUISVILLE,KY40202     		N/A PUBLIC CHARITY SUMMERWORKS PROGRAM 500,000
    KENTUCKY COMMUNITY AND TECHNICAL COLLEGE SYSTEM FOUNDATION INC
    300 N MAIN ST
    VERSAILLES,KY403831245     		N/A PUBLIC CHARITY CLOSING WORKFORCE GAPS WITH GEOGRAPHIC INFORMATION SYSTEMS 183,700
    KENTUCKY DERBY MUSEUM
    704 CENTRAL AVENUE
    LOUISVILLE,KY402081212     		N/A PUBLIC CHARITY AFRICAN AMERICANS IN THOROUGHBRED RACING 146,500
    KENTUCKY REFUGEE MINISTRIES
    969B CHEROKEE RD
    LOUISVILLE,KY402042390     		N/A PUBLIC CHARITY REFUGEE FAMILY RELIEF & EMPOWERMENT 175,000
    KENTUCKY STATE UNIVERSITY
    400 EAST MAIN STREET SUITE 201 HUME
    HALL
    FRANKFORT,KY40601     		N/A SCHOOL ONLINE STUDENT ACCESS 13,000
    LEGAL AID SOCIETY INC
    416 W MUHAMMAD ALI BLVD SUITE 300
    LOUISVILLE,KY40202     		N/A PUBLIC CHARITY COVID-19 CRISIS RESPONSE GRANT: JUSTICE IN ACTION PROGRAM 10,000
    LINCOLN FOUNDATION
    4322 BISHOP LN
    LOUISVILLE,KY402184518     		N/A PUBLIC CHARITY WHITNEY M. YOUNG SCHOLARS PROGRAM 250,000
    LISC
    28 LIBERTY ST 34TH FL
    NEW YORK,NY100051444     		N/A PUBLIC CHARITY LISC LOUISVILLE OPERATIONS & PROGRAM SUPPORT 250,000
    LOUISVILLE GROWS
    1641 PORTLAND AVENUE
    LOUISVILLE,KY40203     		N/A PUBLIC CHARITY COVID-19 CRISIS RESPONSE GRANT 10,000
    LOUISVILLE URBAN LEAGUE
    1535 W BROADWAY
    LOUISVILLE,KY402033515     		N/A PUBLIC CHARITY LOUISVILLE URBAN LEAGUE CENTER FOR WORKFORCE DEVELOPMENT 350,000
    LOUISVILLE URBAN LEAGUE
    1535 W BROADWAY
    LOUISVILLE,KY402033515     		N/A PUBLIC CHARITY SPORTS AND LEARNING COMPLEX 1,500,000
    MARYHURST INC
    1015 DORSEY LN
    LOUISVILLE,KY402232612     		N/A PUBLIC CHARITY STRATEGIC INVESTMENTS TO IMPACT CHILDREN AND FAMILIES 100,000
    METRO UNITED WAY
    334 EAST BROADWAY
    LOUISVILLE,KY402021739     		N/A PUBLIC CHARITY BUILDING A BETTER FUTURE THROUGH DATA, COORDINATION, AND ADVOCACY 800,000
    MORTON CENTER
    1028 BARRET AVE
    LOUISVILLE,KY402041667     		N/A PUBLIC CHARITY THE FAMILY HEALING AND RECOVERY PROJECT 150,000
    MORTON CENTER
    1028 BARRET AVE
    LOUISVILLE,KY402041667     		N/A PUBLIC CHARITY COVID-19 RESPONSE 50,000
    NEIGHBORHOOD HOUSE
    201 N 25TH STREET
    LOUISVILLE,KY40212     		N/A PUBLIC CHARITY A STRONG FOUNDATION FOR NEIGHBORHOOD HOUSE 125,000
    NEW DIRECTIONS HOUSING CORPORATION
    1617 MAPLE ST
    LOUISVILLE,KY402101045     		N/A PUBLIC CHARITY COVID-19 RESPONSE - HOME REPAIRS IN RUSSELL AND CALIFORNIA NEIGHBORHOODS 100,000
    NEW DIRECTIONS HOUSING CORPORATION
    1617 MAPLE ST
    LOUISVILLE,KY402101045     		N/A PUBLIC CHARITY WEST LOUISVILLE BLOCK BY BLOCK 400,000
    NORTHERN KENTUCKY UNIVERSITY FOUNDATION INC
    LUCAS ADMINISTRATION CENTER RM 822
    HIGHLAND HEIGHTS,KY41099     		N/A PUBLIC CHARITY SHIFTING THE PARADIGM: NKU CHAMPIONS STUDENT-READY VERSUS COLLEGE-READY MODEL 460,200
    ONEWEST CORP
    2028 WEST BROADWAY SUITE 104
    LOUISVILLE,KY40203     		N/A PUBLIC CHARITY COMMUNITY-LED COMMERCIAL DEVELOPMENT, THE PLAN ROOM & INCREASED ADMINISTRATIVE CAPACITY 417,000
    PEACE EDUCATION PROGRAM
    318 W KENTUCKY ST
    LOUISVILLE,KY402032910     		N/A PUBLIC CHARITY PEACE EDUCATION PROGRAM: BUILDING CAPACITY IN THE CV-19 AGE 50,000
    PHILANTHROPY ROUNDTABLE
    1120 20TH ST NW SUITE 550 SOUTH
    WASHINGTON,DC200363580     		N/A PUBLIC CHARITY MEMBERSHIP DUES 9,000
    PRICHARD COMMITTEE FOR ACADEMIC EXCELLENCE
    271 W SHORT ST STE 202
    LEXINGTON,KY40507     		N/A PUBLIC CHARITY CRISIS RESPONSE GRANT 10,000
    SIMMONS COLLEGE OF KENTUCKY
    1000 S FOURTH STREET
    LOUISVILLE,KY40203     		N/A SCHOOL COVID-19 RESPONSE 100,000
    SMOKETOWN FAMILY WELLNESS CENTER CORP
    760 S HANCOCK ST APT B100
    LOUISVILLE,KY402032449     		N/A PUBLIC CHARITY 365 HEALTHY LIVING INITIATIVE 75,000
    SOUTHEASTERN COUNCIL OF FOUNDATIONS
    100 PEACHTREE ST NW STE 2080
    ATLANTA,GA303031906     		N/A PUBLIC CHARITY 2020 ANNUAL CONFERENCE SPONSORSHIP 10,000
    SOUTHEASTERN COUNCIL OF FOUNDATIONS
    100 PEACHTREE ST NW STE 2080
    ATLANTA,GA303031906     		N/A PUBLIC CHARITY MEMBERSHIP DUES 12,290
    SOWING SEEDS WITH FAITH
    1620 HEMLOCK COURT
    LOUISVILLE,KY402021643     		N/A PUBLIC CHARITY NTI VIRTUAL SUPPORT IN RESPONSE TO COVID-19 54,000
    SOWING SEEDS WITH FAITH
    1620 HEMLOCK COURT
    LOUISVILLE,KY40211     		N/A PUBLIC CHARITY COVID-19 RESPONSE 20,000
    ST JOHN CENTER FOR HOMELESS MEN
    700 E MUHAMMAD ALI BLVD
    LOUISVILLE,KY402021643     		N/A PUBLIC CHARITY ST. JOHN CENTER CAPACITY BUILDING IN RESPONSE TO COVID-19 PANDEMIC 150,000
    THE COALITION FOR HOMELESS INC
    1300 S 4TH STREET
    LOUISVILLE,KY402082489     		N/A PUBLIC CHARITY HOMELESSNESS PREVENTION EDUCATION & ADVOCACY PROGRAM 265,000
    THE HOUSING PARTNERSHIP INC
    1512 CRUMS LANE SUITE 401
    LOUISVILLE,KY40216     		N/A PUBLIC CHARITY HPI BEYOND 9TH INITIATIVE: REVITALIZING WEST LOUISVILLE THROUGH STRATEGIC HOMEOWNERSHIP 450,000
    THE KENTUCKY CASA NETWORK
    1640 LYNDON FARM COURT 108
    LOUISVILLE,KY40223     		N/A PUBLIC CHARITY CASA CAPACITY BUILDING AND STABILIZATION PROJECT 190,000
    THE LEE INITIATIVE
    610 W MAGNOLIA AVE
    LOUISVILLE,KY402082240     		N/A PUBLIC CHARITY JCPS RELIEF KITCHENS 150,000
    THE LOUISVILLE HOUSING OPPORTUNITIES AND MICROENTERPRISE COMMUNITY DEVELOPM
    1126 BERRY BLVD
    LOUISVILLE,KY402152702     		N/A PUBLIC CHARITY SCALE LOUISVILLE'S HOMEGROWN CDFI, LHOME'S LENDING AND FINANCIAL COACHING SERVICES 700,000
    THE LOUISVILLE HOUSING OPPORTUNITIES AND MICROENTERPRISE COMMUNITY DEVELOPM
    1126 BERRY BLVD
    LOUISVILLE,KY402152702     		N/A PUBLIC CHARITY SCALING LHOME CDFI FOR FINANCIAL LENDING AND COACHING 725,000
    UNIVERSITY OF LOUISVILLE
    215 CENTRAL AVENUE SUITE 212
    LOUISVILLE,KY40208     		N/A SCHOOL CO-IMMUNITY PROJECT 1,500,000
    UNIVERSITY OF LOUISVILLE
    215 CENTRAL AVENUE SUITE 212
    LOUISVILLE,KY40208     		N/A SCHOOL 2020 BROWN FELLOWS PROGAM 527,695
    VOLUNTEERS OF AMERICA MID-STATES
    570 SOUTH FOURTH STREET SUITE 100
    LOUISVILLE,KY40202     		N/A PUBLIC CHARITY ADVANCING VOAS TECHNOLOGY INFRASTRUCTURE TO IMPROVE COMMUNITY HEALTH 150,000
    WELLSPRING INC
    PO BOX 1927
    LOUISVILLE,KY402011927     		N/A PUBLIC CHARITY COVID-19 RESPONSE 50,000
    WESTERN KENTUCKY UNIVERSITY
    292 ALUMNI AVE
    BOWLING GREEN,KY42101     		N/A PUBLIC CHARITY ADDRESSING INEQUALITIES IN HIGHER-LEVEL LEARNING OPPORTUNITIES 20,000
    YMCA OF GREATER LOUISVILLE
    545 S 2ND ST
    LOUISVILLE,KY40202     		N/A PUBLIC CHARITY YMCA CHILDCARE SERVICES - EMERGENCY GAP FUNDING 250,000
    Total .................................bullet 3a 18,055,026
    bApproved for future payment
    NEIGHBORHOOD HOUSE
    201 N 25TH STREET
    LOUISVILLE,KY40212     		N/A PUBLIC CHARITY A STRONG FOUNDATION FOR NEIGHBORHOOD HOUSE 250,000
    Total .................................bullet 3b 250,000
    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 16,882  
    4 Dividends and interest from securities....     14 4,326,358  
    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.....     15 145,875  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 8,144,892  
    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 12,634,007 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    12,634,007
    (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:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 45,000 22,500   22,500

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INDIVIDUAL EQUITIES - DETAIL MAINTAINED 22,026,028 22,026,028

    TY 2020 InvestmentsOtherSchedule2
    Name:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER ALTERNATIVE INVESTMENTS - DETAIL MAINTAINED FMV 84,434,066 84,434,066
    MUTUAL FUNDS AND EXCHANGE TRADED FUNDS - DETAIL MAINTAINED FMV 243,777,314 243,777,314
    TIMBERLANDS, TIMBER AND MINERAL RIGHTS FMV 2,893,425 2,893,425

    TY 2020 LandEtcSchedule2
    Name:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    LEASEHOLD IMPROVEMENTS 26,768 637 26,131 26,131
    FURNITURE & EQUIPMENT 280,419 135,697 144,722 144,722


    TY 2020 LegalFeesSchedule
    Name:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 10,142 10,142   0


    TY 2020 OtherAssetsSchedule
    Name:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    REDEMPTIONS RECEIVABLE 140,461 0 0
    NUVEEN RECEIVABLE 202,659 126,804 126,804
    US BANK RECEIVABLE 1,122 0 0
    HARVEY INVESTMENTS RECEIVABLE 4,963 3,552 3,552
    HILLIARD LYONS RECEIVABLE 10,038 7,660 7,660
    PREPAID TAXES 13,926    


    TY 2020 OtherExpensesSchedule
    Name:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE SUPPLIES AND EXPENSE 29,808 0   29,808
    TECHNOLOGY EXPENSE 83,083 0   83,083
    TELEPHONE EXPENSE 6,117 0   6,117
    DUES & SUBSCRIPTIONS 15,130 0   15,130
    ENVIRONMENTAL MATTERS 105,819 0   0
    MISCELLANEOUS 2,940 0   2,940
    PASSTHROUGH DEDUCTIONS 0 1,125,272   0
    INSURANCE 68,975 13,105   50,352


    TY 2020 OtherIncomeSchedule2
    Name:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL ROYALTIES & BONUSES 145,875 145,875 145,875
    K-1 OTHER INCOME   -240,710  


    TY 2020 OtherIncreasesSchedule
    Name:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 32,734,009


    TY 2020 OtherLiabilitiesSchedule
    Name:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX LIABILITY 1,800,000 1,700,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING SERVICES 14,250 121   14,129
    INVESTMENT FEES 519,907 519,907   0


    TY 2020 TaxesSchedule
    Name:
    JAMES GRAHAM BROWN FOUNDATION INC
    EIN:
    61-0724060
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROPERTY TAXES 2,518 630   1,888
    FEDERAL EXCISE TAX 378,717 0   0
    STATE UBI TAX EXPENSE 19,659 0   0
    TAX FROM PASSTHROUGH 0 432,759   0