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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
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$73,240,679J 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 12 12  
4 Dividends and interest from securities... 613,520 613,520  
5a Gross rents............ 11,000 11,000  
b Net rental income or (loss) 11,000
6a Net gain or (loss) from sale of assets not on line 10 3,647,607
b Gross sales price for all assets on line 6a 7,730,192
7 Capital gain net income (from Part IV, line 2)... 3,647,607
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 405,942 362,758  
12 Total. Add lines 1 through 11........ 4,678,081 4,634,897  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 166,406 93,908   72,498
14 Other employee salaries and wages...... 220,576 0   220,576
15 Pension plans, employee benefits....... 11,757 0   11,757
16a Legal fees (attach schedule)......... Click to see attachment 8,294 4,101   4,193
b Accounting fees (attach schedule)....... Click to see attachment 45,481 28,008   17,473
c Other professional fees (attach schedule).... Click to see attachment 289,932 284,832   5,100
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 127,380 62,841   15,539
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 34,690 0   34,690
21 Travel, conferences, and meetings....... 3,025 0   3,025
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 80,792 28,375   51,431
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 988,333 502,065   436,282
25 Contributions, gifts, grants paid....... 2,470,195 2,470,195
26 Total expenses and disbursements. Add lines 24 and 25 3,458,528 502,065   2,906,477
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,219,553
b Net investment income (if negative, enter -0-) 4,132,832
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 1,285,002 1,432,410 1,432,410
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)....... 15,909,118 Click to see attachment16,574,133 25,790,669
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 attachment3,665,698 5,622,469
14 Land, buildings, and equipment: basis bullet16,242,960
Less: accumulated depreciation (attach schedule) bullet   16,083,074 16,242,960 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) 36,587,559 37,915,201 73,240,679
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........ 36,587,559 37,915,201
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)..... 36,587,559 37,915,201
30 Total liabilities and net assets/fund balances (see instructions). 36,587,559 37,915,201
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
36,587,559
2
Enter amount from Part I, line 27a .....................
2
1,219,553
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
108,089
4
Add lines 1, 2, and 3 ..........................
4
37,915,201
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
37,915,201
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b TIMBER SALES 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 5,552,382   3,980,802 1,571,580
b 2,177,810   101,783 2,076,027
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       1,571,580
b       2,076,027
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,647,607
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 57,446
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 57,446
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 39,517
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 59,517
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 48
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 2,023
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,023 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    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     		41,406 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
    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     		14,500 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     		161,936 5,002 4,800
    PO BOX 1628
    MOBILE,AL36633
    PATRICIA PATTON PROGRAM DIRECTOR
    40.00     		54,615 1,488 0
    PO BOX 1628
    MOBILE,AL36633
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 81,868
    529 GALLOWAY CIR
    ALABASTER,AL35007
    PROFESSIONAL FORESTRY SERVICES REFORESTATION - PLANTING 64,517
    7201 CHARLANDA BLVD
    MOBILE,AL36695
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 (112 COLLEGE/UNIVERSITY STUDENTS SERVED), ENTREPRENEURIAL PROGRAM, AND GRANTS TO EXEMPT ORGANIZATIONS 436,282
    2  
    3  
    4  
    Part VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    23,912,358
    b
    Average of monthly cash balances.......................
    1b
    1,387,802
    c
    Fair market value of all other assets (see instructions)................
    1c
    46,242,236
    d
    Total (add lines 1a, b, and c).........................
    1d
    71,542,396
    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
    71,542,396
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,073,136
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    70,469,260
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,523,463
    Part X
    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 IX, line 6..................
    1
    3,523,463
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    57,446
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    57,446
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,466,017
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    12,500
    5
    Add lines 3 and 4............................
    5
    3,478,517
    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 XII, line 1 ...
    7
    3,478,517
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 3,478,517
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 444,814
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 2,906,477
    a Applied to 2020, but not more than line 2a 444,814
    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 2021 distributable amount..... 2,461,663
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		1,016,854
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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:
    GRANTS AND AWARDS ARE MADE UNDER TWO CATEGORIES. 1)GRANTS ARE MADE TO QUALIFIED ORGANIZATIONS EXEMPT UNDER 501(C)(3) OR COMPARABLE CHARITABLE ORGANIZATION QUALIFICATION. SUCH GRANTS ARE RESTRICTED TO THOSE THAT WILL MOST EFFECTIVELY ASSIST AND PROMOTE THE WELL-BEING OF THE INHABITANTS OF THE STATE OF ALABAMA, PREFERABLY THOSE OF SOUTHWEST ALABAMA.2)THE JL BEDSOLE FOUNDATION INITIATED THE JL BEDSOLE SCHOLARS PROGRAM, WHICH WAS PRE-APPROVED BY THE EXEMPT ORG BRANCH OF THE IRS UNDER A DETERMINATION LETTER DATED 4/15/93. THE PROGRAM IS A LIMITED SCHOLARSHIP GRANT PROGRAM WHICH ANNUALLY AWARDS INITIAL SCHOLARSHIP GRANTS TO APPROXIMATELY 30 GRADUATING HIGH SCHOOL SENIORS WHO ARE ENROLLED IN A QUALIFYING ALABAMA UNIVERSITY, COLLEGE OR TECHNICAL SCHOOL. SUCH GRANTS ARE RENEWABLE FOR THE TERM OF THE GRANTEE'S UNDERGRADUATE COURSE OF STUDY IF CERTAIN QUALIFICATIONS ARE MET. THE GRANTS ARE AVAILABLE TO RESIDENTS OF 5 COUNTIES IN SOUTHWEST ALABAMA.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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 CREDIT UNION
    220 PAUL W BRYANT DRIVE EAST
    TUSCALOOSA,AL36608     		  PC SECRET MEALS FOR HUNGRY CHILDREN 5,000
    ARC-BALDWIN COUNTY
    PO BOX 400
    LOXLEY,AL36652     		  PC OPERATING SUPPORT 10,000
    BAYSHORE CHRISTIAN SCHOOL FOUNDATION
    316 PRESBYERIAN DRIVE
    FAIRHOPE,AL36602     		  PC FOR FUTURE GENERATIONS CAPITAL CAMPAIGN 50,000
    BELLINGRATH GARDENS AND HOME
    12401 BELLINGRATH GARDENS ROAD
    THEODORE,AL36618     		  PC REPLACEMENT OF 25 TON CARRIER CHILLER SYSTEM 25,000
    BIG BROTHERS BIG SISTERS OF SOUTH ALABAMA
    3 SOUTH ROYAL STREET STE 300
    MOBILE,AL366892151     		  PC OPERATING SUPPORT AND CAPACITY BUILDING 40,000
    BOY SCOUTS OF AMERICA MOBILE COUNCIL
    2587 GOVERNMENT BLVD
    MOBILE,AL36633     		  PC REPAIRS OF CAMP MAUBILA 20,900
    BUILD A BETTER COMMUNITY
    PO BOX 266
    VREDENBURGH,AL36606     		  PC DREAM OUT LOUD: ACADEMICS AND THE ARTS 7,750
    CAMP RAP-HOPE
    11081 WANDA DR
    MOBILE,AL36535     		  PC SIBLING WEEKEND 5,000
    CITY OF MOBILE
    205 GOVERNMENT ST
    MOBILE,AL36602     		  GOV REVITALIZATION OF BIENVILLE SQUARE 100,000
    COASTAL ALABAMA PARTNERSHIP
    PO BOX 881
    MOBILE,AL366081398     		  PC COASTAL CONVERSATIONS PROGRAM SUPPORT 50,000
    COASTAL ALABAMA PARTNERSHIP
    450 SAINT LOUIS STREET
    MOBILE,AL36602     		  PC OPERATING SUPPORT 180,000
    DAUPHIN ISLAND SEA LAB FOUNDATION
    PO BOX 82151
    MOBILE,AL325013128     		  PC CAMPUS IMPROVEMENT CAPITAL PROJECTS 20,000
    DUMAS WESLEY COMMUNITY CENTER
    126 MOBILE STREET/PO BOX 7325
    MOBILE,AL366041307     		  PC OPERATING SUPPORT DUE TO COVID-19 30,000
    ELSANOR ELEMENTARY SCHOOL
    23440 US HWY 90
    ROBERTSDALE,AL36608     		  GOV EXTRA! EXTRA! READ ALL ABOUT IT! 10,000
    EXPLOREUM SCIENCE CENTER
    PO BOX 1968
    MOBILE,AL354860027     		  PC OPERATING SUPPORT 60,000
    FUSE PROJECT
    PO BOX 1134
    MOBILE,AL36532     		  PC THE AVENUE BRIDGE COLLABORATION PROGRAM 75,000
    HOPE BOXING ACADEMNY
    321 N WARREN ST
    MOBILE,AL36582     		  PC OPERATING SUPPORT 5,000
    HUNTINGDON COLLEGE
    1500 E FAIRVIEW AVE
    MONTGOMERY,AL36670     		  PC MEMORIAL 250
    IMPACT AMERICA
    337 BUSINESS CIRCLE
    PELHAM,AL36602     		  PC FOCUS FIRST/SAVE FIRST PROGRAM 5,000
    LEADERSHIP ALABAMA
    PO BOX 131394
    BIRMINGHAM,AL36567     		  PC OPERATING SUPPORT 2,000
    MOBILE AREA CHAMBER OF COMMERCE FOUND
    358 ST LOUIS STREET
    MOBILE,AL306022152     		  PC INNOVATION PORTAL - CAPITAL EXPENDITURE (BUILDING) 500,000
    MOBILE AREA CHAMBER OF COMMERCE FOUND
    358 ST LOUIS STREET
    MOBILE,AL36604     		  PC GRANTS DEVELOPMENT TEAM 60,000
    MOBILE AREA INTERFAITH CONFERENCE
    901-A BUTLER DR
    MOBILE,AL36608     		  PC OFFICE UPGRADE 8,745
    MOBILE ARTS COUNCIL
    70 NORTH JOACHIM STREET
    MOBILE,AL36602     		  PC SAENGER COMMUNITY EXHIBITION SERIES 10,000
    MOBILE BALLET
    4351 DOWNTOWNER LOOP NORTH
    MOBILE,AL36602     		  PC DISCOVER DANCE PROGRAM 5,000
    MOBILE COUNTY HEALTH DEPARTMENT
    251 N BAYOU ST
    MOBILE,AL365670531     		  GOV EQUIPMENT 30,000
    MOBILE COUNTY PUBLIC SCHOOLS
    PO BOX 180069
    MOBILE,AL36611     		  GOV JROTC STEM ACADEMY 3,000
    MOBILE OPERA
    257 DAUPHIN STREET
    MOBILE,AL36609     		  PC PROGRAM SUPPORT 2,500
    MOBILE MUSEUM OF ART
    4850 MUSEUM DR
    MOBILE,AL36608     		  PC MAGIC FOREST TREEHOUSE EDUCATIONAL PROGRAM 12,500
    MOBILE SYMPHONY ORCHESTRA
    PO BOX 3127
    MOBILE,AL36602     		  PC CONCERT SPONSORSHIP 10,000
    MONROE COUNTY MUSEUM
    31 NORTH ALABAMA AVENUE
    MONROEVILLE,AL36507     		  PC EDUCATIONAL OUTREACH PROGRAM 15,000
    MONROE COUNTY PUBLIC LIBRARY
    121 PINEVILLE RD
    MONROEVILLE,AL36652     		  GOV UPGRADE CHILDREN'S MATERIALS 6,000
    MOST PURE HEART OF MARY SCHOOL
    310 SENGSTAK STREET
    MOBILE,AL36609     		  PC AC-ROOF REPAIR-WATER DAMAGE 50,000
    NORTH BALDWIN INFIRMARY FOUNDATION
    1815 HAND AVE
    BAY MINETTE,AL36602     		  PC 3D MAMMOGRAPHY FOR BREAST CENTER 50,000
    OZANAM CHARITABLE PHARMACY
    109 S CEDAR STREET
    MOBILE,AL36609     		  PC GENERIC MEDICATION PURCHASE PROGRAM 10,000
    RANSOM MINISTRIES
    320 SOUTH CRAFT HIGHWAY
    CHICKASAW,AL36460     		  PC RANSOM REPROGRAM AND RECYCLE 15,000
    SOUTH BALDWIN LITERACY COUNCIL
    21441 HIGHWAY 98 E
    FOLEY,AL36507     		  PC EDUCATIONAL SERVICES FOR SOUTH BALD. COUN. 6,500
    ST IGNATIUS CATHOLIC SCHOOL
    3704 SPRING HILL AVE
    MOBILE,AL36536     		  PC EARLY LEARNING CENTER 50,000
    ST LUKE'S EPISCOPAL SCHOOL
    1400 SOUTH UNIVERSITY BLVD
    MOBILE,AL36633     		  PC FURNISHING FOR BIOMEDICAL SCIENCES PROGRAM 23,450
    ST PAUL'S EPISCOPAL SCHOOL
    161 DOGWOOD LANE
    MOBILE,AL365330929     		  PC RENOVATION OF CURRENT SCIENCE LABS 100,000
    THE HISTORY MUSEUM OF MOBILE
    PO BOX 2068
    MOBILE,AL36551     		  PC THE VIKINGS BEGIN 25,000
    THE LIGHT OF THE VILLAGE
    PO BOX 1641
    BAY MINETTE,AL36603     		  PC EDUCATION PROGRAM AND OTHER LOV ACTIVITIES 15,000
    THE LIGHTHOUSE
    PO BOX 531
    ROBERTSDALE,AL36603     		  PC ADVOCACY, COUNSELING RESOURCES 10,000
    THE NATURE CONSERVANCY
    209 20TH ST N 70
    BIRMINGHAM,AL36481     		  PC BON SECOUR ADAPTIVE MANAGEMENT PROJECT 10,000
    THE SALVATION ARMY
    1009 DAUPHIN STREET
    MOBILE,AL36602     		  PC EMERGENCY SHELTER GRANT OPERATIONS 20,000
    THE VILLAGE OF SPRING HILL
    4358-B OLD SHELL RD 145
    MOBILE,AL36106     		  PC IMPLEMENTATION PLAN FOR LANGAN MASTER PLAN 50,000
    THOMAS HOSPITAL FOUNDATION
    PO BOX 929
    FAIRHOPE,AL35124     		  PC COVID-19 EMPLOYEE ASSISTANCE FUND 20,000
    UNITED WAY OF BALDWIN COUNTY INC
    PO BOX 244
    FOLEY,AL35213     		  PC FIRST STEPS PROGRAM 1,000
    UNITED WAY OF SOUTHWEST ALABAMA
    218 ST FRANCIS STREET
    MOBILE,AL36616     		  PC CLARKE COUNTY OUTREACH CENTER 20,000
    UNIVERSITY OF GEORGIA
    180 E GREEN STREET
    ATHENS,GA36603     		  PC ALABAMA WILD TURKEY GOBBLING STUDY 16,000
    VIA HEALTH FITNESS AND ENRICHMENT CENTER
    1717 DAUPHIN ST
    MOBILE,AL36460     		  PC VOLUNTEER GUARDIAN PROGRAM 11,600
    VICTORY HEALTH PARTNERS
    3750 PROFESSIONAL PARKWAY
    MOBILE,AL35203     		  PC OPERATING SUPPORT OF THE CLINIC 30,000
    WATERFRONT RESCUE MISSION
    112 W CERVANTES ST
    PENSACOLA,FL36602     		  PC OVERNIGHT SHELTER/SHORT TERM RESCUE PGM 10,000
    ALICE LIVINGSTON
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    BROOKE MORGAN
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 3,000
    CAMERON SANCHEZ
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    CASSIDY SCHNEIDER
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 4,500
    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 5,500
    GARRETT HOWELL
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    HANNAH DANIEL
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    HARRISON POOLE
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 5,500
    HELEN SWANSON
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    JACKSON CHAMBERS
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    JAMARCUS ROWDEN
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 4,500
    KATE 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
    LANE RALEY
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    MADELYN MAVRAKOS
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    MARGARET VICK
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    MEGAN SANCHEZ
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    RAINES FAULKNER
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    REECE SPRINGS
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 2,000
    REESE WOLFE
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    SARAH RHODES
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    STIRLING FAULKNER
    AUBURN UNIVERSITY
    AUBURN,AL36849     		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
    CLAUDIA HORNE
    5345 ATLANTA HWY
    MONTGOMERY,AL36109     		  I SCHOLARSHIP - FAULKNER UNIVERSITY 3,000
    RACHAEL WILLIAMS
    1500 E FAIRVIEW AVE
    MONTGOMERY,AL36106     		  I SCHOLARSHIP - HUNTINGDON COLLEGE 6,000
    TYLER BJORGUM
    1500 E FAIRVIEW AVE
    MONTGOMERY,AL36106     		  I SCHOLARSHIP - HUNTINGDON COLLEGE 5,000
    PEEPER WALKER
    700 PELHAM RD N
    JACKSONVILLE,AL36265     		  I SCHOLARSHIP - JACKSONVILLE STATE UNIVERSITY 6,000
    RHYANN PETTAWAY
    700 PELHAM RD N
    JACKSONVILLE,AL36265     		  I SCHOLARSHIP - JACKSONVILLE STATE UNIVERSITY 6,000
    KATIE SCHANSBERG
    800 LAKESHORE DR
    HOMEWOOD,AL35229     		  I SCHOLARSHIP - SAMFORD UNIVERSITY 6,000
    TONIA PETTWAY
    800 LAKESHORE DR
    HOMEWOOD,AL35229     		  I SCHOLARSHIP - SAMFORD UNIVERSITY 6,000
    JULIA KELLEY
    4000 DAUPHIN ST
    MOBILE,AL36608     		  I SCHOLARSHIP - SPRING HILL COLLEGE 6,000
    JOSHUA STEWART
    600 UNIVERSITY AVE
    TROY,AL36082     		  I SCHOLARSHIP - TROY UNIVERSITY 6,000
    SOFIA GAMBINO
    600 UNIVERSITY AVE
    TROY,AL36082     		  I SCHOLARSHIP - TROY UNIVERSITY 2,500
    ZOE GRAY
    600 UNIVERSITY AVE
    TROY,AL36082     		  I SCHOLARSHIP - TROY UNIVERSITY 6,000
    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
    BELLE FANT
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 5,500
    BRANDON WILSON
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 4,000
    BRAXTON KENT
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    CALEB CASTLE
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    CARMEN PEDROZA-DELOVETT
    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
    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 JOHNSON
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    GENESIS PRITCHETT
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    JADAN SUTTERFIELD
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    JOSEPH DAY
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 3,000
    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 4,500
    MADILYN WARNER
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    MARCUS KELLEY
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 1,500
    MARGARET GORDON
    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 4,000
    SYDNEY HENDRYX
    UNIVERSITY OF ALABAMA
    TUSCALOOSA,AL35487     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
    ANTHONY NETTLES
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 2,500
    ASHLEY CAMPOS
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 4,000
    BAYLEE LUECK
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 3,500
    BRYAN FENG
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 4,500
    CHLOE JONES
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 6,000
    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 3,500
    LILLIAN BLACKSHER
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 2,000
    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
    NICOLLETTE HOUSTON
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 6,000
    RACHEL CARWILE
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 4,500
    RYLEE ROBINSON
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 6,000
    TINA TRAN
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 6,000
    TROY GIBSON
    1720 UNIVERSITY BLVD
    BIRMINGHAM,AL35294     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 4,500
    JOSEPH DAY
    301 SPARKMAN DR
    HUNTSVILLE,AL35899     		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - HUNTSVILLE 3,000
    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
    JADEN MORACE
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    JOHN HEDDEN
    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 5,500
    MORIAH NELSON
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    TAYLOR VICE
    5735 COLLEGE PARKWAY
    MOBILE,AL36613     		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
    ALEECIA HUDSON
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 1,000
    ANSON GOODE
    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 1,000
    AUBRY IKNER
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 1,000
    BRITNEY MACK
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    BROOKE DAVENPORT
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 3,000
    BROOKLYN MASSEY
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    CAMERON STEWART
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 4,500
    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
    CLAUDIA HORNE
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    COURTNEY LEWIS
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 1,000
    GEORGIA BROWN
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 1,000
    GRACIE OVERSTREET
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    HANNAH WALKER
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 3,000
    JOSEPH INGRAHAM
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 5,000
    JULIE ANN BRAZELL
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    KATIE OVERSTREET
    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 3,500
    MARIAM ALHAMARNA
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 1,000
    SHARON SAWYER
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    TAYLOR HUBBARD
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 3,000
    TRINITY WALKER
    307 N UNIVERSITY BLVD
    MOBILE,AL36688     		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
    ABBY FULLER
    100 US-11
    LIVINGSTON,AL35470     		  I SCHOLARSHIP - UNIVERSITY OF WEST ALABAMA 6,000
    JULIANA HAYES
    100 US-11
    LIVINGSTON,AL35470     		  I SCHOLARSHIP - UNIVERSITY OF WEST ALABAMA 1,500
    Total .................................bullet 3a 2,470,195
    bApproved for future payment
    UMS-WRIGHT PREPARATORY SCHOOL
    65 MOBILE ST
    MOBILE,AL36607     		  PC NEW DINING FACILITY 250,000
    UNIVERSITY OF MOBILE
    5738 COLLEGE PARKWAY
    MOBILE,AL36613     		  PC GYMNASIUM RENOVATIONS 100,000
    ALABAMA FREE CLINIC
    212 COURTHOUSE SQUARE
    BAY MINETTE,AL36507     		  PC EQUIPMENT AND SUPPLIES 10,000
    UNIVERSITY OF ALABAMA
    203 ROSE AVE
    TUSCALOOSA,AL35487     		  PC BEDSOLE MOOT COURT UPGRADE 50,329
    UNITED WAY OF SOUTHWEST ALABAMA
    218 ST FRANCIS STREET
    MOBILE,AL36602     		  PC GRANT- BASICS PROGRAM 50,000
    BREAST CANCER RESEARCH FOUNDATION OF ALABAMA
    PO BOX 531225
    BIRMINGHAM,AL35253     		  PC BREAST CANCER RESEARCH 5,000
    Total .................................bullet 3b 465,329
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 12  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 11,000  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 3,647,607  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aEMPLOYEE RETENTION TAX CREDIT     		        31,289
    bRECOVERY OF AMOUNTS PREVIOUSLY DEDUCTED         12,500
    cK-1: HARBERT REAL ESTATE FD III     14 -30,342  
    dK-1: ALKEON GROWTH PW PARTNERS     14 -77,142  
    eK-1: ALKEON GROWTH PW PARTNERS 531120 -605      
    12 Subtotal. Add columns (b), (d), and (e) .. -605 4,634,897 43,789
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,678,081
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11 RECOVERY OF AMOUNTS PREVIOUSLY DEDUCTED
    11 EMPLOYEE RETENTION TAX CREDIT
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 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 45,481 28,008   17,473

    TY 2021 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
    1535 ABB LTD 41,535 58,591
    456 ACCENTURE PLC 64,701 189,035
    4011 ACUSHNET HOLDINGS CORP 133,144 212,904
    94 ADIDAS AG 15,922 13,536
    432 ADOBE INC 138,578 244,970
    537 ADVANCE AUTO PARTS INC 85,397 128,816
    89 AGILENT TECHNOLOGIES INC 10,273 14,209
    1395 AIA GROUP LTD 53,182 56,253
    736 AIR LIQUIDE SA 23,705 25,664
    83 AIR PRODUCTS AND CHEMICALS INC 17,828 25,254
    1443 AIRBUS SE 36,487 46,046
    1378 ALCON INC 75,959 120,051
    575 ALIBABA GROUP HOLDING LTD 99,159 68,304
    26 ALPHABET INC 38,750 75,323
    209 AMAZON.COM INC 451,633 696,877
    839 AMERICA MOVIL SAB DE CV 15,186 17,711
    481 AMERICAN EXPRESS CO 82,154 78,692
    578 ANHEUSER-BUSCH INBEV SA/NV 37,377 34,998
    198 ANSYS INC 47,202 79,422
    653 AON PLC 87,222 196,266
    2424 APPLE INC 100,509 430,430
    568 APTARGROUP INC 41,316 69,569
    739 APTIV PLC 59,098 121,898
    968 ARCH CAPITAL GROUP LTD 29,061 43,028
    268 ARES MANAGEMENT CORP 16,230 21,780
    2201 ARTISAN PARTNERS ASSET MANAGEMENT INC 85,590 104,856
    1141 ASAHI KASEI CORP 20,983 21,439
    290 ASML HOLDING NV 110,420 230,881
    1231 ASPENTECH CORP 41,825 187,358
    913 ASSA ABLOY AB 10,314 13,942
    602 ASSOCIATED BRITISH FOODS PLC 19,523 16,531
    1215 ASTRAZENECA PLC 65,429 70,774
    496 ATLASSIAN CORP PLC 109,534 189,120
    403 AUTODESK INC 76,217 113,320
    2248 AUTOHOME INC 87,334 66,271
    154 AUTOMATIC DATA PROCESSING INC 21,484 37,973
    800 B&M EUROPEAN VALUE RETAIL SA 24,280 27,640
    4472 BANCO BILBAO VIZCAYA ARGENTARIA SA 21,804 26,251
    98 BEIGENE LTD 31,708 26,551
    742 BIOMARIN PHARMACEUTICAL INC 67,557 65,556
    1173 BLACK KNIGHT INC 71,624 97,230
    74 BLACKROCK INC 41,381 67,751
    111 BLOCK INC 9,858 17,928
    608 BNP PARIBAS SA 19,111 21,152
    26 BOOKING HOLDINGS INC 49,905 62,380
    1454 BOSTON SCIENTIFIC CORP 42,629 61,766
    153 BRIGHT HORIZONS FAMILY SOLUTIONS INC 21,848 19,260
    1231 BRITISH AMERICAN TOBACCO PLC 43,718 46,052
    3793 BROOKFIELD ASSET MANAGEMENT INC 115,841 229,021
    1388 BROOKFIELD INFRASTRUCTURE CORP 75,524 94,745
    560 BROOKFIELD RENEWABLE CORP 25,378 20,625
    1059 BROWN & BROWN INC 36,159 74,426
    183 BROWN-FORMAN CORP 9,306 13,333
    1540 CARLSBERG AS 41,178 53,469
    1089 CARMAX INC 85,061 141,820
    694 CBRE GROUP INC 25,236 75,306
    1454 CHR HANSEN HOLDING A/S 31,424 28,615
    671 CHUBB LTD 72,944 129,711
    2484 CIE FINANCIERE RICHEMONT SA 22,245 37,136
    648 CIGNA CORP 108,234 148,800
    2155 CITIGROUP INC 129,806 130,140
    2304 CLEARWATER ANALYTICS HOLDINGS INC 58,964 52,946
    347 CME GROUP INC 57,971 79,276
    148 COGNEX CORP 9,849 11,508
    270 COLFAX CORP 8,591 12,412
    1435 COLGATE-PALMOLIVE CO 112,839 122,463
    809 COLOPLAST A/S 12,486 14,351
    3637 COMCAST CORP 140,151 183,050
    883 CONOCOPHILLIPS 34,005 63,735
    1030 COPART INC 76,664 156,169
    1940 COSTAR GROUP INC 149,024 153,318
    75 CREDIT ACCEPTANCE CORP 29,342 51,576
    545 DAIICHI SANKYO CO LTD 16,197 13,903
    619 DAIKIN INDUSTRIES LTD 13,599 14,026
    258 DANAHER CORP 22,252 84,885
    355 DBS GROUP HOLDINGS LTD 28,235 34,563
    723 DEUTSCHE BOERSE AG 12,665 12,009
    194 DEXCOM INC 70,187 104,168
    408 DIAGEO PLC 55,739 89,817
    1256 DNB BANK ASA 21,277 28,825
    212 DOLLAR GENERAL CORP 38,066 49,996
    1031 DOMINION RESOURCES INC/VA 79,293 80,995
    147 DOMINO'S PIZZA INC 50,141 82,957
    1017 DONALDSON CO INC 32,386 60,267
    1612 DRIL-QUIP INC 96,708 31,724
    210 DSV PANALPINA A/S 14,934 24,650
    1329 DUKE ENERGY CORP 113,716 139,412
    1211 DUPONT DE NEMOURS INC 94,892 97,825
    1399 EATON CORP PLC 160,499 241,775
    1751 EMCOR GROUP INC 130,131 223,060
    5659 ENEL SPA 50,634 45,046
    2587 ENGIE SA 35,329 38,236
    1117 EPIROC AB 24,049 28,182
    163 EQUINIX INC 79,250 137,872
    1304 ESSILORLUXOTTICA SA 84,285 139,411
    255 ETSY INC 55,185 55,830
    444 FACTSET RESEARCH SYSTEMS INC 63,376 215,788
    1829 FANUC CORP 26,872 38,939
    1160 FASTENAL CO 45,317 74,310
    249 FIDELITY NATIONAL FINANCIAL INC 6,961 12,993
    1344 FIDELITY NATIONAL INFORMATION SERVICES INC 156,534 146,698
    6381 FIRST HAWAIIAN INC 138,075 174,393
    187 FIRST REPUBLIC BANK/CA 18,990 38,617
    107 FLUTTER ENTERTAINMENT PLC 8,517 8,524
    1656 FTI CONSULTING INC 173,962 254,064
    171 GARTNER INC 20,599 57,169
    1065 GENMAB A/S 39,751 42,131
    453 GIVAUDAN SA 37,904 47,524
    2678 GRACO INC 78,486 215,900
    666 GUIDEWIRE SOFTWARE INC 73,267 75,611
    360 HDFC BANK LTD 21,103 23,425
    650 HEICO CORP 64,365 83,538
    233 HERMES INTERNATIONAL 21,948 40,898
    903 HILTON WORLDWIDE HOLDINGS INC 74,005 140,859
    518 HOME DEPOT INC 120,192 214,975
    632 HONEYWELL INTERNATIONAL INC 83,467 131,778
    455 HONG KONG EXCHANGES & CLEARING LTD 22,549 26,959
    376 HOWARD HUGHES CORP 27,954 38,269
    202 HOYA CORP 12,355 30,213
    415 HUTCHMED CHINA LTD 13,331 14,558
    324 HYATT HOTELS CORP 19,683 31,072
    673 IBERDROLA SA 32,992 31,772
    92 IDEXX LABORATORIES INC 24,964 60,578
    1500 IHS MARKIT LTD 95,425 199,380
    479 ILLINOIS TOOL WORKS INC 64,231 118,217
    117 ILLUMINA INC 42,591 44,511
    2165 INDUSTRIA DE DISENO TEXTIL SA 35,713 35,049
    944 ING GROEP NV 11,335 13,140
    316 INTUITIVE SURGICAL INC 105,339 113,539
    457 JACK HENRY & ASSOCIATES INC 7,828 76,314
    237 JARDINE MATHESON HOLDINGS LTD 10,381 13,104
    1139 JOHNSON & JOHNSON 95,639 194,849
    1288 JPMORGAN CHASE & CO 57,861 203,955
    672 KENNEDY-WILSON HOLDINGS INC 9,875 16,047
    777 KERING SA 47,879 62,556
    147 KEYENCE CORP 72,448 92,268
    404 KIMBERLY-CLARK CORP 43,524 57,740
    3017 KKR & CO INC 111,747 224,767
    4279 KONINKLIJKE KPN NV 11,954 13,094
    388 KONINKLIJKE PHILIPS NV 20,186 14,298
    1036 LANDSTAR SYSTEM INC 178,183 185,465
    586 LCI INDUSTRIES COM 87,786 91,340
    740 LENNAR CORP 48,233 85,958
    790 LIBERTY BROADBAND CORP 95,012 127,238
    823 LIBERTY MEDIA CORP-LIBERTY FORMULA ONE 28,831 51,797
    872 LIVE NATION ENTERTAINMENT INC 49,287 104,370
    150 LOCKHEED MARTIN CORP 48,224 53,311
    2225 LONDON STOCK EXCHANGE GROUP PLC 65,609 52,488
    1116 LOREAL SA 82,307 106,489
    366 LOWE'S COS INC 52,911 94,604
    183 LVMH MOET HENNESSY LOUIS VUITTON SE 17,251 30,287
    1283 MANHATTAN ASSOCIATES INC 66,959 199,494
    80 MARKEL CORP 77,764 98,720
    110 MARKETAXESS HOLDINGS INC 51,138 45,240
    335 MARRIOTT INTERNATIONAL INC/MD 51,017 55,355
    586 MARSH & MCLENNAN COS INC 53,919 101,859
    156 MARTIN MARIETTA MATERIALS INC 32,384 68,721
    143 MASTERCARD INC 46,623 51,383
    334 MCKESSON CORP 48,371 83,022
    960 MEDTRONIC PLC 77,259 99,312
    25 MERCADOLIBRE INC 33,377 33,710
    1430 MERCK & CO INC 110,416 109,595
    1539 META PLATFORMS INC 307,724 517,643
    61 METTLER-TOLEDO INTERNATIONAL INC 51,207 103,530
    958 MICROCHIP TECHNOLOGY INC 44,429 83,403
    1787 MICROSOFT CORP 260,918 601,004
    2298 MOELIS & CO 88,844 143,648
    1363 MONSTER BEVERAGE CORP 96,203 130,902
    112 MOODY'S CORP 23,647 43,745
    1533 MORGAN STANLEY 121,026 150,479
    77 MSCI INC 19,457 47,177
    778 MURATA MANUFACTURING CO LTD 14,387 15,521
    447 NASDAQ INC 31,012 93,874
    1779 NESTLE SA 163,073 249,718
    114 NETEASE INC 13,290 11,603
    340 NETFLIX INC 195,097 204,830
    46 NICE SYSTEMS LTD 12,957 13,966
    840 NIDEC CORP 20,556 24,788
    1311 NIKE INC 191,867 218,504
    1352 NITORI HOLDINGS CO LTD 27,259 20,091
    2495 NOKIA OYJ 14,328 15,519
    374 NORTHROP GRUMMAN CORP 103,513 144,764
    1543 NOVO NORDISK A/S 101,973 172,816
    574 NOVOZYMES A/S 34,473 47,711
    1309 NVIDIA CORP 83,897 384,990
    836 NXP SEMICONDUCTORS NV 107,672 190,424
    189 O'REILLY AUTOMOTIVE INC 63,673 133,477
    329 ORSTED AS 16,318 14,058
    411 PALO ALTO NETWORKS INC 97,633 228,828
    538 PAYPAL HOLDINGS INC 101,304 101,456
    331 PEPSICO INC 42,842 57,498
    1156 PERIMETER SOLUTIONS SA 14,031 16,057
    498 PERNOD RICARD SA 16,940 24,143
    186 PIONEER NATURAL RESOURCES CO 15,140 33,830
    370 PNC FINANCIAL SERVICES GROUP INC 44,055 74,192
    509 PPG INDUSTRIES INC 62,785 87,772
    948 PRICESMART INC 72,450 69,365
    1294 PRIMERICA INC 63,816 198,331
    1640 PROGRESSIVE CORP 148,067 168,346
    136 QUALTRICS INTERNATIONAL INC 5,791 4,814
    1518 RAYTHEON TECHNOLOGIES CORP 96,288 130,639
    604 RBC BEARINGS INC 27,788 121,990
    4065 RECKITT BENCKISER GROUP PLC 75,099 71,138
    2180 RECRUIT HOLDINGS CO LTD 17,877 26,552
    1362 RELX PLC 32,482 44,415
    10013 RIGHTMOVE PLC 122,418 216,181
    136 RIO TINTO PLC 8,696 9,104
    1252 RLI CORP 91,055 140,349
    217 ROPER TECHNOLOGIES INC 80,089 106,734
    219 ROSS STORES INC 18,215 25,027
    1542 SAFRAN SA 45,273 47,170
    1157 SALESFORCE INC 226,411 294,028
    324 SAP SE 41,260 45,396
    356 SBA COMMUNICATIONS CORP 77,647 138,491
    389 SEA LTD 92,099 87,023
    1037 SHIN-ETSU CHEMICAL CO LTD 35,266 45,027
    1999 SHIONOGI & CO LTD 25,814 35,312
    1730 SIMPSON MANUFACTURING CO INC 149,373 240,591
    70 SMC CORP 39,653 47,165
    2103 SOUTHERN CO 118,762 144,224
    816 SPLUNK INC 103,905 94,427
    593 STANLEY BLACK & DECKER INC 90,767 111,852
    804 STMICROELECTRONICS NV 30,929 39,300
    367 STRAUMANN HOLDING AG 20,277 39,636
    757 SUMMIT MATERIALS INC 13,865 30,386
    774 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 67,209 93,120
    278 TELEDYNE TECHNOLOGIES INC 26,127 121,455
    520 TENCENT HOLDINGS LTD 34,028 30,316
    378 TERUMO CORP 14,549 16,326
    688 TEXAS INSTRUMENTS INC 55,528 129,667
    299 TFI INTERNATIONAL INC 14,050 33,521
    581 THERMO FISHER SCIENTIFIC INC 175,238 387,666
    143 TOKYO ELECTRON LTD 12,863 20,578
    1633 TORO CO 78,994 163,153
    419 TOTALENERGIES SE 16,215 20,724
    513 TRACTOR SUPPLY CO 83,351 122,402
    291 TRANE TECHNOLOGIES PLC 19,444 58,791
    270 TRANSDIGM GROUP INC 92,199 171,796
    553 TRANSUNION 40,073 65,575
    268 TYLER TECHNOLOGIES INC 113,452 144,171
    3068 UBER TECHNOLOGIES INC 111,844 128,641
    1255 UIPATH INC 75,880 54,128
    372 ULTA BEAUTY INC 79,368 153,390
    1896 UNICHARM CORP 18,389 16,599
    593 UNION PACIFIC CORP 77,071 149,394
    930 UNITED PARCEL SERVICE INC 116,470 199,336
    727 UNITEDHEALTH GROUP INC 205,501 365,056
    225 VAIL RESORTS INC 48,243 73,777
    338 VERISIGN INC 52,890 85,791
    392 VERISK ANALYTICS INC 59,388 89,662
    1530 VISA INC 150,580 331,566
    577 VULCAN MATERIALS CO 69,629 119,774
    864 WALT DISNEY CO 101,917 133,825
    1080 WATTS WATER TECHNOLOGIES INC 124,483 209,704
    426 WIX.COM LTD 88,983 67,219
    450 WORKDAY INC 105,853 122,931
    302 WW GRAINGER INC 105,909 156,508
    798 YUM CHINA HOLDINGS INC 32,935 39,772
    1009 ZOETIS INC 112,627 246,226

    TY 2021 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 30,256
    ALKEON GROWTH PARTNERS AT COST 1,245,000 3,461,957
    IRONWOOD INST. MULTISTRATEGY LLC AT COST 1,955,606 2,130,256

    TY 2021 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 8,294 4,101   4,193


    TY 2021 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 22,332 2,780   19,552
    MEMBERSHIP DUES 1,754 1,004   750
    OFFICE SUPPLIES & EXPENSE 15,260 0   15,260
    401K ADMINISTRATION FEES 7,300 0   7,300
    TELEPHONE & INTERNET 2,490 0   2,490
    TIMBERLAND MAINTENANCE 24,591 24,591   0
    MISCELLANEOUS 986 0   0
    WEBSITE HOSTING AND MAINTENANCE 6,079 0   6,079


    TY 2021 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
    HUNTING LEASES, FEES 281,767 281,767 281,767
    SOLAR OPTION 188,475 188,475 188,475
    EMPLOYEE RETENTION TAX CREDIT 31,289   31,289
    RECOVERY OF AMOUNTS PREVIOUSLY DEDUCTED 12,500   12,500
    K-1: HARBERT REAL ESTATE FD III -30,342 -30,342 -30,342
    K-1: ALKEON GROWTH PW PARTNERS -77,142 -77,142 -77,142
    K-1: ALKEON GROWTH PW PARTNERS -605   -605


    TY 2021 OtherIncreasesSchedule
    Name:
    J L BEDSOLE FOUNDATION
     
    REGIONS BANK CO-TRUSTEE
    EIN:
    23-7225708
    Description Amount
    BOOK/TAX DIFFERENCE ON HARBERT REAL ESTATE FUND INVESTMENT 30,342
    BOOK/TAX DIFFERENCE ON ALKEON GROWTH PARTNERS 77,747


    TY 2021 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 5,100 0   5,100
    FORESTRY MANAGEMENT SERVICES 99,590 99,590   0
    CONSULTING - TIMBER STRATEGY 14,728 14,728   0
    INVESTMENT ADVISORY FEES 170,514 170,514   0


    TY 2021 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 62,841 62,841   0
    2020 EXCISE TAX 9,483 0   0
    PAYROLL TAXES 15,539 0   15,539
    2021 ESTMATED TAXES 39,517 0   0