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
J L BEDSOLE FOUNDATION
REGIONS BANK CO-TRUSTEE
Number and street (or P.O. box number if mail is not delivered to street address)CO REGIONS BANK P O BOX 1628
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MOBILE, AL366331628
A Employer identification number

23-7225708
B Telephone number (see instructions)

(251) 690-1415
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$69,829,093J 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 951 951  
4 Dividends and interest from securities... 307,013 307,013  
5a Gross rents............ 10,534 10,534  
b Net rental income or (loss) 10,534
6a Net gain or (loss) from sale of assets not on line 10 1,903,084
b Gross sales price for all assets on line 6a 14,092,119
7 Capital gain net income (from Part IV, line 2)... 1,903,084
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 904,058 887,356  
12 Total. Add lines 1 through 11........ 3,125,640 3,108,938  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 156,424 87,551   68,873
14 Other employee salaries and wages...... 212,411 0   212,411
15 Pension plans, employee benefits....... 10,127 0   0
16a Legal fees (attach schedule)......... Click to see attachment 39,075 29,804   9,271
b Accounting fees (attach schedule)....... Click to see attachment 41,740 20,000   21,740
c Other professional fees (attach schedule).... Click to see attachment 271,919 268,919   3,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 85,798 69,672   13,924
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 18,125 0   18,125
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 23,073 0   23,073
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 858,692 475,946   370,417
25 Contributions, gifts, grants paid....... 2,280,568 2,280,568
26 Total expenses and disbursements. Add lines 24 and 25 3,139,260 475,946   2,650,985
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -13,620
b Net investment income (if negative, enter -0-) 2,632,992
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.............      
2 Savings and temporary cash investments......... 1,451,330 1,285,002 1,285,002
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)....... 16,135,064 Click to see attachment15,909,118 22,380,564
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).......... 3,310,365 Click to see attachment3,310,365 5,768,396
14 Land, buildings, and equipment: basis bullet16,083,074
Less: accumulated depreciation (attach schedule) bullet   15,968,203 16,083,074 40,395,131
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 36,864,962 36,587,559 69,829,093
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........ 36,864,962 36,587,559
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 36,864,962 36,587,559
30 Total liabilities and net assets/fund balances (see instructions). 36,864,962 36,587,559
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
36,864,962
2
Enter amount from Part I, line 27a .....................
2
-13,620
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
26,136
4
Add lines 1, 2, and 3 ..........................
4
36,877,478
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
289,919
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
36,587,559
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 TIMBER SALES P    
b PUBLICLY TRADED SECURITIES P    
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 1,694,767   84,136 1,610,631
b 12,397,352   12,104,899 292,453
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       1,610,631
b       292,453
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 1,903,084
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 36,599
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 36,599
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 36,599
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 27,234
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 57,234
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 118
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 20,517
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet20,517 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletAL
    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 addressbulletWWW.JLBEDSOLEFOUNDATION.ORG
    14
    The books are in care ofbulletLOUIS WILCOX REGIONS BANK Telephone no.bullet (251) 438-8044

    Located atbullet11 NORTH WATER STREET 28TH FLOORMOBILEAL ZIP+4bullet36602
    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
     
    No
    .........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
    REGIONS BANK TRUSTEE
    40.00     		35,049 0 0
    P O DRAWER 1628
    MOBILE,AL36633
    TRAVIS M BEDSOLE JR MBR DIST COMM & TRUSTEE
    6.00     		35,750 0 0
    259 RIDGELAWN DR W
    MOBILE,AL36608
    T BESTOR WARD III CHR DIST COMM & TRUSTEE
    10.00     		45,750 0 0
    PO BOX 81366
    MOBILE,AL36608
    JOHN WHITE-SPUNNER MBR DIST COMM
    3.00     		14,500 0 0
    PO BOX 7986
    MOBILE,AL36670
    JOHN M TURNER JR MBR DIST COMM
    3.00     		7,250 0 0
    13 HILLWOOD ROAD
    MOBILE,AL36608
    WINTHROP M HALLETT III MBR DIST COMM
    3.00     		14,500 0 0
    475 PINE CT
    MOBILE,AL36608
    T BESTOR WARD IV MBR DIST COMM
    3.00     		3,625 0 0
    PO BOX 81366
    MOBILE,AL36608
    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
    CHRISTOPHER L LEE DIRECTOR
    40.00     		153,400 4,746 4,800
    PO BOX 1628
    MOBILE,AL36633
    PATRICIA PATTON PROGRAM DIRECTOR
    40.00     		54,211 1,598 0
    PO BOX 1628
    MOBILE,AL36633
    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
    RED RIVER SPECIALTIES INC REFORESTATION - SITE PREP 50,633
    529 GALLOWAY CIR
    ALABASTER,AL35007
    PROFESSIONAL FORESTRY SERVICES REFORESTATION - PLANTING 0
    7201 CHARLANDA BLVD
    MOBILE,AL36695
    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 ADMINISTRATION OF SCHOLARS PROGRAM (131 COLLEGE/UNIVERSITY STUDENTS SERVED), ENTREPRENEURIAL PROGRAM (7 INDIVIDUAL AWARDS), AND GRANTS TO EXEMPT ORGANIZATIONS 370,417
    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
    19,636,763
    b
    Average of monthly cash balances.......................
    1b
    1,230,801
    c
    Fair market value of all other assets (see instructions)................
    1c
    45,179,016
    d
    Total (add lines 1a, b, and c).........................
    1d
    66,046,580
    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
    66,046,580
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    990,699
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    65,055,881
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,252,794
    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
    3,252,794
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    36,599
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    36,599
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,216,195
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,216,195
    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
    3,216,195
    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
    2,650,985
    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
    2,650,985
    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
    2,650,985
    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 3,216,195
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017...... 45,410
    d From 2018...... 74,986
    e From 2019......  
    fTotal of lines 3a through e........ 120,396
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,650,985
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 2,650,985
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 120,396 120,396
    (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 ..........     		444,814
    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:
    MR CHRIS LEE EXECUTIVE DIRECTOR
    POST OFFICE BOX 1137
    MOBILE,AL36633
    (251) 432-3369
    bThe form in which applications should be submitted and information and materials they should include:
    PROVIDE WRITTEN REQUEST SPECIFYING NAME, EXEMPT CLASSIFICATION OR CHARITABLE 501(C)(3) DESIGNATION, DETAILS OF REQUEST, SUBJECT TO ITEM (D) BELOW.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    SEE DETAILED STATEMENT, ATTACHED.
    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
    ALABAMA SCHOOL OF MATH & SCIENCE
    1255 DAUPHIN ST
    MOBILE,AL36604     		  PC MAKERSPACE & BAND ROOM 25,000
    BARTON ACADEMY FOUNDATION
    504 GOVERNMENT ST
    MOBILE,AL36602     		  PC CAPITAL CAMPAIGN - RESTORATION 250,000
    BIG BROTHERS BIG SISTERS OF SOUTH ALABAMA
    3 S ROYAL ST STE 300
    MOBILE,AL36602     		  PC OPERATING SUPPORT & CAPACITY BUILDING 40,000
    BOYS AND GIRLS CLUBS OF SOUTHWEST ALABAMA
    149 ADAMS AVE
    THOMASVILLE,AL36784     		  PC PROJECT LEARN & TUTORING (THOMASVILLE BRANCH) 10,000
    BUILD A BETTER COMMUNITY
    72 BEECH ST
    VREDENBURGH,AL36481     		  PC "ALL TOGETHER" EDUCATION PROGRAM 5,000
    CAMP ASCCA
    5278 CAMP ASCCA DR
    JACKSONS GAP,AL36861     		  PC ASCCA SWING 3,500
    CAMP RAP-A-HOPE
    205 LAMBERT AVE SUITE A
    MOBILE,AL36604     		  PC SIBLING CAMP 5,000
    CENTRAL PRESBYTERIAN CHURCH - FOOD PANTRY
    1260 DAUPHIN ST
    MOBILE,AL36604     		  PC INCREASE CAPACITY OF FOOD PANTRY/FOOD SUPPORT 41,703
    COASTAL ALABAMA PARTNERSHIP
    1 SOUTH ROYAL STREET
    MOBILE,AL36602     		  PC OPERATING SUPPORT 100,000
    COASTAL ALABAMA PARTNERSHIP
    1 SOUTH ROYAL STREET
    MOBILE,AL36602     		  PC COASTAL CONSERVATIONS PROGRAM 50,000
    CONDE-CHARLOTTE MUSEUM
    104 THEATRE ST
    MOBILE,AL36602     		  PC RENOVATION & REPAIR 15,000
    DAUPHIN ISLAND SEA LAB FOUNDATION
    101 BIENVILLE BLVD
    DAUPHIN ISLAND,AL36528     		  PC CAMPUS IMPROVEMENT CAPITAL PROJECTS 10,000
    DUMAS WESLEY COMMUNITY CENTER
    126 MOBILE ST
    MOBILE,AL36607     		  PC OPERATING SUPPORT DUE TO COVID-19 30,000
    EASTERN SHORE RECOVERY FOUNDATION
    8162 WELL RD
    DAPHNE,AL36526     		  PC CONSTRUCTION OF BUILDING FOR MEETING SPACE 10,000
    EXPLOREUM SCIENCE CENTER
    65 GOVERNMENT ST
    MOBILE,AL36602     		  PC OPERATING SUPPORT 60,000
    GROVE HILL PUBLIC LIBRARY
    108 DUBOSE AVE
    GROVE HILL,AL36451     		  GOV READING PROGRAM 5,000
    GULF HEALTH HOSPITALS
    750 MORPHY AVE
    FAIRHOPE,AL36532     		  PC 3D WHOLE BREAST ULTRASOUND 10,000
    HISTORY MUSEUM OF MOBILE
    111 S ROYAL ST
    MOBILE,AL36602     		  PC ANCIENT ROME EXHIBIT 25,000
    IMPACT AMERICA
    601 BEACON PKWY W STE 102
    BIRMINGHAM,AL35209     		  PC OPERATING SUPPORT 5,000
    INFIRMARY HEALTH
    3 MOBILE INFIRMARY CIRCLE
    MOBILE,AL36607     		  PC TOBACCO TREATMENT SPECIALIST 20,000
    L'ARCHE MOBILE INC
    151 S ANN ST
    MOBILE,AL36604     		  PC TUTORS FOR CHILDREN OF TEAM MEMBERS 5,000
    LIGHT OF THE VILLAGE MINISTRY
    PO BOX 1641
    BAY MINETTE,AL36507     		  PC OPERATING SUPPORT 15,000
    MAIN STREET MOBILE
    PO BOX 112
    MOBILE,AL36601     		  PC DOWNTOWN WALKABILITY PLAN 100,000
    MCGILL-TOOLEN HIGH SCHOOL
    1501 OLD SHELL RD
    MOBILE,AL36604     		  PC ANNUNCIATION PROGRAM 250
    MCKEMIE PLACE
    PO BOX 851418
    MOBILE,AL36685     		  PC PURCHASE OF NEW 15 PASSENGER VAN 5,000
    MOBILE AREA CHAMBER FOUNDATION
    451 GOVERNMENT ST
    MOBILE,AL36602     		  PC INNOVATION PORTAL 200,000
    MOBILE BALLET
    4351 DOWNTOWNER LOOP N
    MOBILE,AL36609     		  PC DISCOVER DANCE 2,500
    MOBILE COUNTY PUBLIC SCHOOL SYSTEM
    1 MAGNUM PASS
    MOBILE,AL36618     		  GOV JROTC STEM PROGRAM 2,500
    MOBILE OPERA
    257 DAUPHIN ST
    MOBILE,AL36602     		  PC PROGRAM SUPPORT 2,500
    MOBILE SYMPHONY ORCHESTRA
    257 DAUPHIN ST
    MOBILE,AL36602     		  PC CONCERT SPONSORSHIP 10,000
    MONROE COUNTY MUSEUM
    31 N ALABAMA AVE
    MONROEVILLE,AL36460     		  PC EDUCATION OUTREACH 5,000
    MOST PURE HEART OF MARY SCHOOL
    310 SENGSTAK ST
    MOBILE,AL36603     		  PC LEARN/PLAY WITH A PURPOSE PROGRAM 20,000
    MULHERIN CUSTODIAL HOME
    2496 HALLS MILL RD
    MOBILE,AL36606     		  PC MULTIPURPOSE MEETING ROOM 15,000
    OZANAM CHARITABLE PHARMACY
    109 S CEDAR ST
    MOBILE,AL36602     		  PC OPERATING SUPPORT 5,000
    PRODISEE PANTRY
    9315 SPANISH FORT BLVD
    SPANISH FORT,AL36527     		  PC COVID-19 RESPONSE & RECOVERY 30,000
    PRODISEE PANTRY
    9315 SPANISH FORT BLVD
    SPANISH FORT,AL36527     		  PC OPERATING SUPPORT 50,000
    RANSOM MINISTRIES
    320 SOUTH CRAFT HWY
    CHICKASAW,AL36611     		  PC RANSOM REPROGRAM 5,000
    REGIONAL CHILD ADVOCACY CENTER
    127 COBB ST
    GROVE HILL,AL36451     		  PC REPAIRS & IMPROVEMENTS 4,000
    SALVATION ARMY
    1009 DAUPHIN STREET
    MOBILE,AL36604     		  PC EMERGENCY SHELTER GRANT OPERATIONS 20,000
    SIGHT SAVERS AMERICA
    337 BUSINESS CIR
    PELHAM,AL35124     		  PC FOLLOW UP VISION CARE 5,000
    ST LUKE'S EPISCOPAL SCHOOL
    1400 S UNIVERSITY BLVD
    MOBILE,AL36609     		  PC SANITATION EQUIPMENT 24,865
    THE NATURE CONSERVANCY
    209 20TH ST N 70
    BIRMINGHAM,AL35203     		  PC BON SECOUR ADAPTIVE MANAGEMENT PROJECT 10,000
    UNIVERSITY OF MOBILE
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  PC CAMPUS WEIGHT TRAINING & ATHLETIC FACILITY 328,000
    VIA HEALTH FITNESS & ENRICHMENT CENTER
    1717 DAUPHIN ST
    MOBILE,AL36604     		  PC RAISE THE ROOF 5,000
    VICTORY HEALTH PARTNERS
    3750 PROFESSIONAL PKWY
    MOBILE,AL36609     		  PC OPERATING SUPPORT 40,000
    WASHINGTON COUNTY PUBLIC LIBRARY
    14102 ST STEPHENS AVE
    CHATOM,AL36518     		  GOV CAREER & SMALL BUSINESS DEVELOPMENT CENTER 25,000
    ALICE LIVINGSTON
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 3,000
    ALICE LIVINGSTON
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 3,000
    BROOKE MORGAN
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    CAMERON SANCHEZ
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 5,000
    CASSIDY SCHNEIDER
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 3,000
    COURTLYN MCMEANS
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    DEZTINI STEVENS
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    ERIN CASOLARO
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    GARRETT HOWELL
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    GRADY GUNN
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    HANNAH DANIEL
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    HELEN SWANSON
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    JACKSON CHAMBERS
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 4,000
    JADA MACK - REFUNDED
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY -3,000
    KARSON HOLLINGSWORTH
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    KATE MARIE DEAN
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    KELLY BLACKSHER
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    KENNEDY GILL
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    MADELYN MAVRAKOS
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    MARCUS EVANS
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 2,500
    MARGARET VICK
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    RAINES FAULKNER
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    RAYLYN PASCHEN
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    REESE WOLF
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    RUTH HARPER
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 3,000
    SARA WILSON
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    STIRLING FAULKNER
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 5,500
    RACHAEL WILLIAMS
    1500 E FAIRVIEW AVE
    MONTGOMERY,AL36106     		  I SCHOLARSHIP - HUNTINGDON COLLEGE 6,000
    PEEPER WALKER
    700 PELHAM RD N
    JACKSONVILLE,AL36265     		  I SCHOLARSHIP - JACKSONVILLE STATE UNIVERSITY 6,000
    RHYAN PETTAWAY
    700 PELHAM RD N
    JACKSONVILLE,AL36265     		  I SCHOLARSHIP - JACKSONVILLE STATE UNIVERSITY 6,000
    CARSON MASSEY
    800 LAKESHORE DR
    HOMEWOOD,AL35229     		  I SCHOLARSHIP - SAMFORD UNIVERSITY 6,000
    CLAUDIA HORNE
    4000 DAUPHIN ST
    MOBILE,AL36608     		  I SCHOLARSHIP - SPRING HILL COLLEGE 6,000
    JULIE KELLEY
    4000 DAUPHIN ST
    MOBILE,AL36608     		  I SCHOLARSHIP - SPRING HILL COLLEGE 6,000
    ZOE GRAY
    600 UNIVERSITY AVE
    TROY,AL36082     		  I SCHOLARSHIP - TROY UNIVERSITY 6,000
    DELARRIAN KNIGHT
    1200 W MONTGOMERY RD
    TUSKEGEE,AL36088     		  I SCHOLARSHIP - TUSKEGEE UNIVERSITY 1,000
    ABBY FULLER
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 1,500
    ADDY LOFTIN
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    ANDREA PHILLIPS
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 3,500
    ANNA COLLINS REFUND-NOT ENROLLED FO
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA -3,000
    ASHTON BORDEN
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    BAILEY HELMS
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    BRASWELL MCMEANS
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 3,000
    CALEB CASTLE
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    CARMEN PEDROZA
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    CAROLINE STACEY
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    CARTER JERNIGAN
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    CASSIDY WILSON
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    DAVID HOLLIE
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 3,500
    DESTINY CHEATWOOD
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    ELIZABETH RAILEY
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    EMMA BEARDEN
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 4,000
    EMMANUEL KING
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 2,000
    JADAN SUTTERFIELD
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    JONATHAN TAYLOR
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 3,000
    JOSEPH DAY
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    JULIE BICE
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    KYLIE STAGNER
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    MADILYN WARNER
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    MARGARET GORDON
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    MARISSA COLLIER
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    MELODY WEAVER
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    MOLLEE BEARDEN
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    PRESTON HALL
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    SAVANNAH HALL
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    SHANNON ANDERSON
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    SHELBY SELLERS
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    ABIGAIL TARLETON
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 4,500
    ANTHONY NETTLES
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 2,500
    CHLOE JONES
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 4,500
    CORINNE BLACKSHER
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 2,500
    DEJA MONROE-PARKER
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 6,000
    HANNAH MORRIS
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 5,000
    KATHERINE TOLAND
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 5,000
    LILLIAN BLACKSHER
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 2,500
    LILLIAN KENNEDY
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 1,500
    MORGAN SUTTON
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 4,500
    RACHEL CARWILE
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 4,500
    REBEKAH CARROLL
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 2,750
    RYLEE ROBINSON
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 6,000
    SARAH NEALY
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 2,000
    SEAN MARTIN
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 5,000
    SIMON PEEPLES
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 6,000
    SONTERRICA MORGAN
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 6,000
    YASMIN MADISON
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 6,000
    RYAN COROB
    301 SPARKMAN DR
    HUNTSVILLE,AL35899     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - HUNTSVILLE 6,000
    ABBIE HEDDEN
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    FAYE SHERER
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    GRACE WHITTINGTON
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    HANNAH GUTHRIE
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    JADEN MORACE
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    JOHN HEDDED
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    KAYLA GILL
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    KAYLEY BURGESS
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    MADDISON HILL
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 3,000
    MORGAN BRASELL
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    MORIAH NELSON
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    INDIA LAPALME
    75 COLLEGE DR
    MONTEVALLO,AL35115     		  I SCHOLARSHIP - UNIVERSITY OF MONTEVALLO 1,000
    ABIGAYLE EDLER
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 2,500
    ALEECIA HUDSON
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    ANTONY NGUYEN
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    BRITNEY MACK
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    BROOKLYN MASSEY
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    CAMERON GIBBONS
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 3,000
    CAMERON STEWART
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    CANDACE JOHNSON
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    CARLEIGH WHITE
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    CHRISTIAN CLAYTON
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    GEORGIA BROWN
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 4,000
    GRACIE OVERSTREET
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    JOSEPH INGRAHAM
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    KATHERINE ALLRED
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 5,000
    KATIE OVERSTREET
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    KIRSTEN GULSBY
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    MAGGIE OVERSTREET
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 3,000
    MARIAM ALHAMARNA
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    MICAH ROBERTS
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    RUTH HARPER
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 3,000
    SAVANNAH HOLLAND
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 3,500
    TRINITY WALKER
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 4,500
    ABBY FULLER
    100 US-11
    LIVINGSTON,AL35470     		  I SCHOLARSHIP - UNIVERSITY OF WEST ALABAMA 6,000
    BRASWELL MCMEANS
    100 US-11
    LIVINGSTON,AL35470     		  I SCHOLARSHIP - UNIVERSITY OF WEST ALABAMA 1,500
    LEAH BAGLEY
    100 US-11
    LIVINGSTON,AL35470     		  I SCHOLARSHIP - UNIVERSITY OF WEST ALABAMA 3,000
    MICHAEL HORNSBY
    100 US-11
    LIVINGSTON,AL35470     		  I SCHOLARSHIP - UNIVERSITY OF WEST ALABAMA 3,500
    APOSTOLIC OVERCOMING HOLY CHURCH OF GOD INC
    2257 ST STEPHENS RD
    MOBILE,AL36617     		  PC LAND DONATED FOR CHURCH FACILITIES 20,000
    Total .................................bullet 3a 2,280,568
    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 ...........     		    14 951  
    4 Dividends and interest from securities....     14 307,013  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 10,534  
    6 Net rental income or (loss) from personal property          
    7 Other investment income..... 531120 16,702 16 887,356  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,903,084  
    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).. 16,702 3,108,938 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,125,640
    (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.)
    7 RECOVERY OF AMOUNTS PREVIOUSLY DEDUCTED
    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:
    J L BEDSOLE FOUNDATION
     
    REGIONS BANK CO-TRUSTEE
    EIN:
    23-7225708
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 41,740 20,000   21,740

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    J L BEDSOLE FOUNDATION
     
    REGIONS BANK CO-TRUSTEE
    EIN:
    23-7225708
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1095 ABB LTD 28,130 30,616
    576 ACCENTURE PLC 76,475 150,457
    3428 ACUSHNET HOLDINGS CORP 103,111 138,971
    479 ADOBE INC 150,446 239,557
    662 ADVANCE AUTO PARTS INC 106,815 104,272
    89 AGILENT TECHNOLOGIES INC 10,273 10,546
    1286 AIA GROUP LTD 47,226 63,181
    343 AIR LIQUIDE SA 10,806 11,281
    83 AIR PRODUCTS AND CHEMICALS INC 17,828 22,677
    914 AIRBUS SE 19,183 24,970
    1205 AKAMAI TECHNOLOGIES INC 97,160 126,513
    1253 ALCON INC 65,993 82,673
    849 ALEXION PHARMACEUTICALS INC 95,133 132,648
    441 ALIBABA GROUP HOLDING LTD 69,404 102,634
    38 ALPHABET INC 56,634 66,600
    222 AMAZON.COM INC 490,982 723,038
    467 AMERICA MOVIL SAB DE CV 5,905 6,790
    593 AMERICAN EXPRESS CO 57,615 71,700
    733 AMGEN INC 161,678 168,531
    1446 ANHEUSER-BUSCH INBEV SA/NV 114,981 101,090
    198 ANSYS INC 47,202 72,032
    803 AON PLC 112,335 169,650
    3430 APPLE INC 190,837 455,127
    406 APTARGROUP INC 18,194 55,577
    831 APTIV PLC 66,777 108,271
    1466 ARCH CAPITAL GROUP LTD 44,532 52,879
    1582 ARTISAN PARTNERS ASSET MANAGEMENT INC 54,543 79,638
    988 ASAHI KASEI CORP 17,503 20,385
    298 ASML HOLDING NV 108,914 145,341
    1231 ASPEN TECHNOLOGY INC 41,825 160,338
    787 ASSA ABLOY AB 8,670 9,680
    891 ASTRAZENECA PLC 49,299 44,541
    178 ATLASSIAN CORP PLC 35,965 41,629
    363 AUTODESK INC 64,569 110,838
    2284 AUTOHOME INC 78,527 227,532
    142 AUTOMATIC DATA PROCESSING INC 19,478 25,020
    354 B&M EUROPEAN VALUE RETAIL SA 9,268 10,049
    3741 BANCO BILBAO VIZCAYA ARGENTARIA SA 17,881 18,481
    80 BEIGENE LTD 25,234 20,671
    759 BIOMARIN PHARMACEUTICAL INC 69,257 66,557
    1035 BLACK KNIGHT INC 60,834 91,442
    82 BLACKROCK INC 45,854 59,166
    25 BOOKING HOLDINGS INC 47,675 55,682
    1671 BOSTON SCIENTIFIC CORP 50,777 60,072
    105 BRIGHT HORIZONS FAMILY SOLUTIONS INC 14,527 18,164
    785 BRITISH AMERICAN TOBACCO PLC 26,407 29,430
    3743 BROOKFIELD ASSET MANAGEMENT INC 113,518 154,474
    670 BROOKFIELD INFRASTRUCTURE CORP 30,192 48,441
    460 BROOKFIELD PROPERTY REIT INC 6,830 6,872
    90 BROOKFIELD RENEWABLE CORP 3,376 5,244
    1059 BROWN & BROWN INC 36,159 50,207
    250 BROWN-FORMAN CORP 13,815 19,858
    128 CANADIAN NATIONAL RAILWAY CO 13,198 14,061
    180 CANNAE HOLDINGS INC 6,338 7,969
    1573 CARLSBERG AS 42,060 50,540
    1089 CARMAX INC 85,061 102,867
    1147 CBRE GROUP INC 45,777 71,940
    909 CHUBB LTD 108,048 139,913
    1614 CIE FINANCIERE RICHEMONT SA 13,800 14,444
    721 CIGNA CORP 119,748 150,098
    2375 CITIGROUP INC 144,157 146,443
    327 CME GROUP INC 54,151 59,530
    93 COGNEX CORP 5,068 7,467
    344 COLFAX CORP 10,946 13,155
    506 COLGATE-PALMOLIVE CO 38,848 43,268
    6205 COMCAST CORP 235,236 325,142
    1028 CONOCOPHILLIPS 41,120 41,110
    890 COPART INC 56,577 113,253
    88 COSTAR GROUP INC 60,084 81,337
    343 COSTCO WHOLESALE CORP 88,569 129,236
    138 CREDIT ACCEPTANCE CORP 57,880 47,767
    482 DAIICHI SANKYO CO LTD 14,222 16,696
    699 DAIKIN INDUSTRIES LTD 13,868 15,609
    290 DANAHER CORP 25,012 64,421
    146 DASSAULT SYSTEMES SE 25,833 29,736
    178 DBS GROUP HOLDINGS LTD 13,599 13,537
    608 DEUTSCHE BOERSE AG 10,772 10,275
    491 DIAGEO PLC 67,233 77,976
    1083 DNB ASA 17,857 21,238
    86 DOLLAR GENERAL CORP 11,669 18,086
    571 DOMINION RESOURCES INC/VA 44,589 42,939
    120 DOMINO'S PIZZA INC 40,134 46,015
    1017 DONALDSON CO INC 32,386 56,830
    1612 DRIL-QUIP INC 96,708 47,747
    269 DSV PANALPINA A/S 19,565 22,601
    1267 DUKE ENERGY CORP 106,797 116,007
    923 EATON CORP PLC 68,829 110,889
    521 ECOLAB INC 84,334 112,724
    1751 EMCOR GROUP INC 130,131 160,146
    5025 ENEL SPA 44,301 51,004
    640 ENGIE SA 8,349 9,792
    233 EQUINIX INC 122,986 166,404
    1152 ESSILORLUXOTTICA SA 71,649 89,580
    352 FACTSET RESEARCH SYSTEMS INC 33,570 117,040
    1697 FANUC CORP 23,258 41,899
    984 FASTENAL CO 36,317 48,049
    1243 FIDELITY NATIONAL FINANCIAL INC 38,337 48,589
    1462 FIDELITY NATIONAL INFORMATION SERVICES INC 169,347 206,815
    7336 FIRST HAWAIIAN INC 166,595 172,983
    211 FIRST REPUBLIC BANK/CA 21,691 31,002
    738 FISERV INC 43,293 84,029
    95 FLUTTER ENTERTAINMENT PLC 7,360 9,909
    1381 FTI CONSULTING INC 143,816 154,285
    135 GALAPAGOS NV 19,102 13,362
    406 GARTNER INC 49,944 65,037
    874 GENMAB A/S 31,958 35,537
    390 GIVAUDAN SA 32,893 33,095
    332 GOLDMAN SACHS GROUP INC/THE 76,213 87,552
    2678 GRACO INC 78,486 193,753
    412 GRIFOLS SA 7,391 7,597
    434 GUIDEWIRE SOFTWARE INC 47,337 55,869
    208 HDFC BANK LTD 9,722 15,030
    379 HEICO CORP 30,423 44,366
    203 HERMES INTERNATIONAL 18,547 21,948
    844 HILTON WORLDWIDE HOLDINGS INC 66,725 93,903
    532 HOME DEPOT INC/THE 120,471 141,310
    777 HONEYWELL INTERNATIONAL INC 105,596 165,268
    410 HONG KONG EXCHANGES & CLEARING LTD 19,949 22,443
    376 HOWARD HUGHES CORP/THE 27,954 29,678
    162 HOYA CORP 7,329 22,484
    382 HUTCHMED CHINA LTD 12,192 12,232
    335 HYATT HOTELS CORP 20,554 24,874
    675 IBERDROLA SA 33,818 38,813
    105 IDEXX LABORATORIES INC 29,397 52,486
    2256 IHS MARKIT LTD 140,757 202,656
    534 ILLINOIS TOOL WORKS INC 72,345 108,872
    109 ILLUMINA INC 38,646 40,330
    1176 INDUSTRIA DE DISENO TEXTIL SA 19,004 18,863
    1219 INTEL CORP 74,076 60,731
    457 JACK HENRY & ASSOCIATES INC 7,828 74,029
    205 JARDINE MATHESON HOLDINGS LTD 8,721 11,525
    1271 JOHNSON & JOHNSON 114,311 200,030
    1442 JPMORGAN CHASE & CO 67,008 183,235
    982 KENNEDY-WILSON HOLDINGS INC 15,830 17,568
    630 KERING SA 38,514 45,644
    142 KEYENCE CORP 68,443 79,771
    572 KIMBERLY-CLARK CORP 66,040 77,123
    2596 KKR & CO INC 81,782 105,112
    6006 KONINKLIJKE KPN NV 16,335 18,559
    334 KONINKLIJKE PHILIPS NV 17,087 18,093
    969 LOREAL SA 65,710 73,789
    638 LENNAR CORP 39,320 48,635
    692.1 LIBERTY BROADBAND CORP 79,477 109,504
    823 LIBERTY MEDIA CORP-LIBERTY FORMULA ONE 28,831 34,765
    770 LIBERTY MEDIA CORP-LIBERTY SIRIUSXM 28,473 33,436
    714 LIVE NATION ENTERTAINMENT INC 35,870 52,465
    166 LOCKHEED MARTIN CORP 53,714 58,927
    1894 LONDON STOCK EXCHANGE GROUP PLC 54,107 59,206
    411 LOWE'S COS INC 60,034 65,970
    156 LVMH MOET HENNESSY LOUIS VUITTON SE 13,738 19,458
    98 M&T BANK CORP 12,094 12,475
    1283 MANHATTAN ASSOCIATES INC 66,959 134,946
    79 MARKEL CORP 76,553 81,631
    35 MARKETAXESS HOLDINGS INC 17,157 19,970
    655 MARSH & MCLENNAN COS INC 61,475 76,635
    167 MARTIN MARIETTA MATERIALS INC 34,866 47,423
    205 MASTERCARD INC 66,837 73,173
    377 MCKESSON CORP 54,617 65,568
    1236 MEDTRONIC PLC 99,470 144,785
    19 MERCADOLIBRE INC 22,000 31,829
    1251 MERCK & CO INC 102,121 102,332
    1650 META PLATFORMS INC 322,110 450,714
    52 METTLER-TOLEDO INTERNATIONAL INC 39,162 59,263
    479 MICROCHIP TECHNOLOGY INC 44,428 66,155
    1923 MICROSOFT CORP 263,682 427,714
    2298 MOELIS & CO 91,013 107,454
    1293 MONSTER BEVERAGE CORP 88,257 119,577
    163 MOODY'S CORP 37,720 47,309
    211 MOTOROLA SOLUTIONS INC 27,698 35,883
    84 MSCI INC 22,058 37,509
    667 MURATA MANUFACTURING CO LTD 11,802 15,111
    611 NASDAQ INC 42,390 81,104
    1821 NESTLE SA 165,933 214,514
    707 NIDEC CORP 15,841 22,412
    290 NIKE INC 30,675 41,026
    675 NIPPON TELEGRAPH & TELEPHONE CORP 14,619 17,348
    697 NITORI HOLDINGS CO LTD 14,710 14,762
    336 NORTHROP GRUMMAN CORP 92,364 102,386
    1349 NOVO NORDISK A/S 87,314 94,228
    527 NOVOZYMES A/S 31,421 30,076
    1843 NUTANIX INC 62,093 58,736
    392 NVIDIA CORP 102,173 204,702
    947 NXP SEMICONDUCTORS NV 122,191 150,582
    189 O'REILLY AUTOMOTIVE INC 63,673 85,536
    464 PALO ALTO NETWORKS INC 109,349 164,901
    365 PEPSICO INC 47,307 54,130
    662 PERNOD RICARD SA 22,548 25,388
    208 PIONEER NATURAL RESOURCES CO 16,931 23,689
    538 PNC FINANCIAL SERVICES GROUP INC/THE 64,058 80,162
    612 POOL CORP 40,186 227,970
    746 PPG INDUSTRIES INC 79,208 107,588
    948 PRICESMART INC 72,450 86,353
    1294 PRIMERICA INC 63,816 173,305
    272 PROGRESSIVE CORP/THE 18,010 26,895
    498 PROSUS NV 9,403 10,802
    1508 QUALCOMM INC 105,479 229,729
    1676 RAYTHEON TECHNOLOGIES CORP 108,897 119,851
    553 RBC BEARINGS INC 17,899 99,009
    600 REALPAGE INC 38,174 52,344
    3309 RECKITT BENCKISER GROUP PLC 63,411 59,959
    1456 RECRUIT HOLDINGS CO LTD 9,934 12,245
    1339 RELX PLC 28,266 33,020
    1013 RESTAURANT BRANDS INTERNATIONAL INC 57,681 61,904
    10013 RIGHTMOVE PLC 122,418 179,233
    126 RIO TINTO PLC 7,820 9,478
    888 RLI CORP 49,472 92,485
    1606 ROCHE HOLDING AG 51,247 70,407
    157 ROPER TECHNOLOGIES INC 51,987 67,681
    243 ROSS STORES INC 20,601 29,843
    55 S&P GLOBAL INC 13,890 18,080
    1450 SAFRAN SA 42,169 51,417
    999 SALESFORCE.COM INC 184,448 222,307
    290 SAP SE 38,295 37,813
    341 SBA COMMUNICATIONS CORP 74,698 96,206
    874 SHIN-ETSU CHEMICAL CO LTD 28,019 38,439
    1750 SHIONOGI & CO LTD 22,202 23,975
    1340 SIMPSON MANUFACTURING CO INC 108,018 125,223
    593 SLACK TECHNOLOGIES INC 19,429 25,048
    59 SMC CORP 32,745 35,973
    756 SOFTBANK GROUP CORP 23,261 29,227
    2316 SOUTHERN CO/THE 131,966 142,272
    888 SPLUNK INC 118,171 150,862
    111 SQUARE INC 9,858 24,158
    494 STANLEY BLACK & DECKER INC 70,807 88,209
    398 STMICROELECTRONICS NV 12,603 14,774
    438 STRAUMANN HOLDING AG 24,200 26,543
    46 STRYKER CORP 8,763 11,272
    757 SUMMIT MATERIALS INC 13,865 15,201
    64 SUZUKI MOTOR CORP 11,542 11,959
    774 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 63,839 84,397
    672 TELEDYNE TECHNOLOGIES INC 70,598 263,411
    553 TENCENT HOLDINGS LTD 36,623 39,755
    503 TERUMO CORP 19,360 21,277
    1412 TEXAS INSTRUMENTS INC 139,089 231,752
    296 TFI INTERNATIONAL INC 13,838 15,268
    690 THERMO FISHER SCIENTIFIC INC 200,253 321,388
    120 TOKYO ELECTRON LTD 10,516 11,231
    1633 TORO CO/THE 78,994 154,874
    339 TOTALENERGIES SE 13,293 14,207
    616 TRANE TECHNOLOGIES PLC 42,351 89,419
    270 TRANSDIGM GROUP INC 92,199 167,090
    553 TRANSUNION 40,073 54,869
    407 TRAVELERS COS INC/THE 21,075 57,131
    78 TYLER TECHNOLOGIES INC 27,295 34,049
    3379 UBER TECHNOLOGIES INC 127,362 172,329
    503 ULTA BEAUTY INC 109,156 144,441
    3435 UNICHARM CORP 33,611 32,942
    116 UNILEVER PLC 7,011 7,002
    532 UNION PACIFIC CORP 57,139 110,773
    1181 UNITED PARCEL SERVICE INC 152,860 198,880
    892 UNITEDHEALTH GROUP INC 251,643 312,807
    1501 US BANCORP 76,956 69,932
    225 VAIL RESORTS INC 48,243 62,766
    315 VERISIGN INC 48,304 68,166
    258 VERISK ANALYTICS INC 34,544 53,558
    1736 VISA INC 165,635 379,715
    695 VMWARE INC 99,461 97,481
    189 VORNADO REALTY TRUST 8,218 7,057
    584 VULCAN MATERIALS CO 70,611 86,613
    961 WALT DISNEY CO/THE 112,800 174,114
    1080 WATTS WATER TECHNOLOGIES INC 124,483 131,436
    335 WIX.COM LTD 65,490 83,737
    194 WORKDAY INC 43,845 46,484
    337 WW GRAINGER INC 118,854 137,611
    636 YUM CHINA HOLDINGS INC 23,227 36,309
    1225 ZOETIS INC 137,665 202,738

    TY 2020 InvestmentsOtherSchedule2
    Name:
    J L BEDSOLE FOUNDATION
     
    REGIONS BANK CO-TRUSTEE
    EIN:
    23-7225708
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HARBERT REAL ESTATE INVESTMENT FUND AT COST 465,092 45,734
    ALKEON GROWTH PARTNERS AT COST 1,245,000 3,851,956
    IRONWOOD INST. MULTISTRATEGY LLC AT COST 1,600,273 1,870,706

    TY 2020 LegalFeesSchedule
    Name:
    J L BEDSOLE FOUNDATION
     
    REGIONS BANK CO-TRUSTEE
    EIN:
    23-7225708
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 39,075 29,804   9,271


    TY 2020 OtherDecreasesSchedule
    Name:
    J L BEDSOLE FOUNDATION
     
    REGIONS BANK CO-TRUSTEE
    EIN:
    23-7225708
    Description Amount
    BOOK/TAX DIFFERENCE ON ALKEON GROWTH PARTNERS 289,919


    TY 2020 OtherExpensesSchedule
    Name:
    J L BEDSOLE FOUNDATION
     
    REGIONS BANK CO-TRUSTEE
    EIN:
    23-7225708
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 3,775 0   3,775
    MEMBERSHIP DUES 1,135 0   1,135
    OFFICE SUPPLIES & EXPENSE 8,099 0   8,099
    401K ADMINISTRATION FEES 5,024 0   5,024
    TELEPHONE & INTERNET 2,711 0   2,711
    SCHOLARS PROGRAM MEETINGS 250 0   250
    WEBSITE HOSTING AND MAINTENANCE 2,079 0   2,079


    TY 2020 OtherIncomeSchedule2
    Name:
    J L BEDSOLE FOUNDATION
     
    REGIONS BANK CO-TRUSTEE
    EIN:
    23-7225708
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OIL AND GAS REVENUES 0 0 0
    HUNTING LEASES, FEES 270,251 270,251 270,251
    K-1 PASSTHROUGH: HARBERT REAL ESTATE INVESTMENT FUND -6,137 -6,137 -6,137
    K-1 PASSTHROUGH: ALKEON GROWTH PARTNERS 273,217 273,217 273,217
    K-1 PASSTHROUGH: ALKEON GROWTH PARTNERS 16,702 0 16,702
    SOLAR OPTION 350,025 350,025 350,025


    TY 2020 OtherIncreasesSchedule
    Name:
    J L BEDSOLE FOUNDATION
     
    REGIONS BANK CO-TRUSTEE
    EIN:
    23-7225708
    Description Amount
    BOOK/TAX DIFFERENCE ON HARBERT REAL ESTATE FUND INVESTMENT 6,136
    NONCASH CHARITABLE CONTRIBUTION 20,000


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    J L BEDSOLE FOUNDATION
     
    REGIONS BANK CO-TRUSTEE
    EIN:
    23-7225708
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    SCHOLARS SELECTION COMMITTEE 3,000 0   3,000
    FORESTRY MANAGEMENT SERVICES/TIMBER CRUISE 115,748 115,748   0
    CONSULTING - TIMBER STRATEGY 20,307 20,307   0
    INVESTMENT ADVISORY FEES 132,864 132,864   0


    TY 2020 TaxesSchedule
    Name:
    J L BEDSOLE FOUNDATION
     
    REGIONS BANK CO-TRUSTEE
    EIN:
    23-7225708
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AD VALOREM TAXES 69,672 69,672   0
    EXCISE TAX 2,202 0   0
    PAYROLL TAXES 13,924 0   13,924