Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
C E AND S FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)101 SOUTH 5TH STREET SUITE 1650
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY40202
A Employer identification number

59-2466943
B Telephone number (see instructions)

(502) 583-0546
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$71,830,360J Accounting method:
modified cash
(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) 40,238,219
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 923,473 1,104,788  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -726,699
b Gross sales price for all assets on line 6a 7,688,634
7 Capital gain net income (from Part IV, line 2)... 0
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
List of Attached Documents:
// Content
0 43,770  
12 Total. Add lines 1 through 11........ 40,434,993 1,148,558  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 231,069 23,107   207,962
14 Other employee salaries and wages...... 217,589 21,759   195,830
15 Pension plans, employee benefits....... 81,682 8,168   73,514
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
511 0   511
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
8,431 0   8,431
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
353,516 331,071   22,445
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
63,158 4,196   366
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 65,492 6,549   58,943
21 Travel, conferences, and meetings....... 10,468 1,047   9,421
22 Printing and publications.......... 937 94   843
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
93,127 346,663   84,154
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,125,980 742,654   662,420
25 Contributions, gifts, grants paid....... 34,588,934 4,188,300
26 Total expenses and disbursements. Add lines 24 and 25 35,714,914 742,654   4,850,720
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,720,079
b Net investment income (if negative, enter -0-) 405,904
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 958,424 734,461 734,461
2 Savings and temporary cash investments......... 2,736,421 571,600 571,600
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,080,251 Click to see attachment
List of Attached Documents:
// Content
2,089,862 		2,089,862
b Investments—corporate stock (attach schedule)....... 8,766,659 Click to see attachment
List of Attached Documents:
// Content
3,615,696 		3,615,696
c Investments—corporate bonds (attach schedule)....... 4,893,038 Click to see attachment
List of Attached Documents:
// Content
3,179,013 		3,179,013
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 57,512,059 Click to see attachment
List of Attached Documents:
// Content
61,542,462 		61,542,462
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
133,441 		Click to see attachment
List of Attached Documents:
// Content
97,266 		Click to see attachment
List of Attached Documents:
// Content
97,266
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 78,080,293 71,830,360 71,830,360
Liabilities 17 Accounts payable and accrued expenses.......... 2,892 2,172
18 Grants payable................. 3,470,000 2,478,500
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 3,472,892 2,480,672
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 74,607,401 69,349,688
29 Total net assets or fund balances (see instructions)..... 74,607,401 69,349,688
30 Total liabilities and net assets/fund balances (see instructions). 78,080,293 71,830,360
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
74,607,401
2
Enter amount from Part I, line 27a .....................
2
4,720,079
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
79,327,480
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
9,977,792
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
69,349,688
Form 990-PF (2022)
Form 990-PF (2022)
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 CHARLES SCHWAB #6613 - DETAIL MAINTAINED P    
b CHARLES SCHWAB #4121 - DETAIL MAINTAINED P    
c CHARLES SCHWAB #9817 - DETAIL MAINTAINED P    
d CHARLES SCHWAB #0566 - DETAIL MAINTAINED P    
e CHARLES SCHWAB #1381 - DETAIL MAINTAINED P    
K-1 GAINS/LOSSES P    
(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 5,055,502   5,275,018 -219,516
b 1,994,238   2,499,478 -505,240
c 433,668   382,027 51,641
d 195,226   248,855 -53,629
e 10,000   9,956 44
      233,293
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       -219,516
b       -505,240
c       51,641
d       -53,629
e       44
      233,293
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 -493,407
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 5,642
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 5,642
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 5,642
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 46,800
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 46,800
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 81
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 41,077
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow41,077 Refundedright arrow 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowKY, DE, CA, NY, CO, FL, LA
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 2022 or the taxable year beginning in 2022? 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 (2022)
Form 990-PF (2022)
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowCESFOUNDATION.COM
14
The books are in care ofright arrowTESS MCNAIR EXECUTIVE DIRECTOR Telephone no.right arrow (502) 583-0546

Located atright arrow101 SOUTH 5TH STREET STE 1650LOUISVILLEKY ZIP+4right arrow40202
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
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)
Yes
 
(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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
CAROL L JONES PRESIDENT, DIRECTOR
5.00 		0 0 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
MATTHEW L JONES DIRECTOR
5.00 		0 0 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
TESS P MCNAIR EXECUTIVE DIRECTOR, SECRETARY
50.00 		231,069 23,107 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
DAVID A JONES JR DIRECTOR
5.00 		0 0 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
DAVID WESSEL TREASURER
5.00 		0 0 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
MARY GWEN WHEELER DIRECTOR
5.00 		0 0 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NICOLE DIEBOLD PROGRAM OFFICER
40.00 		111,731 9,223 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
KATHERINE CZERWONKA GRANTS AND ACCOUNTIN
40.00 		82,100 7,210 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
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
BBR PARTNERS LLC INVESTMENT MANAGEMENT 254,036
140 E 45TH STREET 26TH FLOOR
NEW YORK,NY10017
Total number of others receiving over $50,000 for professional services.............right arrow0
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 NONE 0
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 NONE 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
77,186,024
b
Average of monthly cash balances.......................
1b
1,131,431
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
78,317,455
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
78,317,455
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,174,762
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
77,142,693
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,857,135
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
3,857,135
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
5,642
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
27,815
c
Add lines 2a and 2b............................
2c
33,457
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,823,678
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,823,678
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
3,823,678
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
4,850,720
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
4,850,720
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 3,823,678
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 2,078,649
b From 2018...... 488,516
c From 2019...... 672,748
d From 2020...... 2,767,062
e From 2021...... 259,784
f Total of lines 3a through e ........ 6,266,759
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 4,850,720
a Applied to 2021, 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 2022 distributable amount..... 3,823,678
e Remaining amount distributed out of corpus 1,027,042
5 Excess distributions carryover applied to 2022. 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 7,293,801
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2017 not
applied on line 5 or line 7 (see instructions) ... 		2,078,649
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		5,215,152
10 Analysis of line 9:
a Excess from 2018.... 488,516
b Excess from 2019.... 672,748
c Excess from 2020.... 2,767,062
d Excess from 2021.... 259,784
e Excess from 2022.... 1,027,042
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
TESS P MCNAIR EXECUTIVE DIRECTOR
101 SOUTH 5TH STREET SUITE 1650A
LOUISVILLE,KY40202
(502) 583-0546
bThe form in which applications should be submitted and information and materials they should include:
SEE CESFOUNDATION.COM, "GRANTSEEKERS" FOR APPLICATION INFORMATION.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE CESFOUNDATION.COM, HOME PAGE "AREAS OF FOCUS" FOR AWARD INFORMATION.
Form 990-PF (2022)
Form 990-PF (2022)
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

AMERICAN FRIENDS OF THE THREE CHOIRS FESTIVAL INC

1419 MONTROSE BLVD UNIT 401
HOUSTON,TX77019 		N/A PC SUPPORT OF THE 2023 FESTIVAL 6,000

AMERICANA COMMUNITY CENTER INC

4801 SOUTHSIDE DRIVE
LOUISVILLE,KY40214 		N/A PC YOUTH AND FAMILY EDUCATION PROGRAM 100,000

ANGELA HOSPICE HOME CARE

14100 NEWBURGH ROAD
LIVONIA,MI48154 		N/A PC GENERAL OPERATING SUPPORT 10,000

BATES COLLEGE

2 ANDREWS RD 216 LANE HALL
LEWISTON,ME04240 		N/A PC CURRENT USE SCHOLARSHIP FUND 25,000

BIG BROTHERS BIG SISTERS OF KENTUCKIANA INC

1519 GARDINER LANE SUITE B
LOUISVILLE,KY40218 		N/A PC IT TAKES TWO - EXPANSION PROGRAM 100,000

BOYS & GIRLS CLUBS INC

3900 CRITTENDEN DRIVE
LOUISVILLE,KY40209 		N/A PC THE CALIFORNIA BOYS AND GIRLS CLUB, TO RECOGNIZE SUCCESSFUL COMPLETION OF A FUNDRAISING CHALLENGE TO THE BOARD 136,000

CABBAGE PATCH SETTLEMENT HOUSE INC

1413 S SIXTH STREET
LOUISVILLE,KY40208 		N/A PC CABBAGE PATCH FAMILY AND CHILD STABILITY PROGRAM 70,100

COOPERATIVE FOR ASSISTANCE & RELIEF EVERYWHERE INC

151 ELLIS STREET NE
ATLANTA,GA30303 		N/A PC PEOPLE IN NEED - UKRAINE RELIEF 25,000

CATHOLIC CHARITIES OF LOUISVILLE

2911 S 4TH ST
LOUISVILLE,KY40208 		N/A PC YOUTH OUTREACH AND MENTORING PROGRAM 59,000

CENTER FOR NONPROFIT EXCELLENCE

325 W MAIN ST STE 150
LOUISVILLE,KY40202 		N/A PC CNPE CONSULTANT, GENERAL OPERATING SUPPORT 34,051

CHALLENGE ASPEN

PO BOX 6639
SNOWMASS VILLAGE,CO81615 		N/A PC GENERAL OPERATING SUPPORT 15,000

CHRISTIAN APPALACHIAN PROJECT INC

2610 PALUMBO DRIVE
LEXINGTON,KY40509 		N/A PC FOR BUILDING SUPPLIES FOR E. KY FLOOD 10,000

COMMUNITY COORDINATED CHILD CARE

1215 S 3RD STREET
LOUISVILLE,KY40203 		N/A PC DEVELOPING SUSTAINABILITY, CHALLENGE TO THE BOARD OF DIRECTORS TO BUILD AN EXECUTIVE DIRECTOR'S UNRESTRICTED FUND 70,000

COMMUNITY FOUNDATION OF LOUISVILLE

325 W MAIN STREET SUITE 1110
LOUISVILLE,KY40202 		N/A PC FOR CHARITABLE CHECKING FUND, COMMUNITY SAFETY & HEALING FUND 508,750

CRESCENT HILL FAMILY FOUNDATION

471 W MAIN STREET STE 203
LOUISVILLE,KY40202 		N/A PF TRANSFER TO CRESCENT HILL FAMILY FOUNDATION 23,150,943

DELTA FOUNDATION INC

2508 PORTLAND AVENUE
LOUISVILLE,KY40212 		N/A PC DELTA FOUNDATION AFTER SCHOOL AND SUMMER PROGRAMMING 15,000

EDUCATIONAL JUSTICE INC

PO BOX 1284
LOUISVILLE,KY40205 		N/A PC EDUCATIONAL JUSTICE ACTIVISTS 50,000

EVOLVE502 SCHOLARS FOUNDATION INC

334 E BROADWAY
LOUISVILLE,KY40202 		N/A PC EVOLVE502 SCHOLARSHIP 1,000,000

FAMILY RESOURCE YOUTH SERVICE COALITION OF KENTUCKY

2220 NICHOLASVILLE ROAD STE 110-333
LEXINGTON,KY40503 		N/A PC KENTUCKY'S WESTERN KENTUCKY TORNADO RECOVERY FUND 15,000

FULTUM FOUNDATION

471 W MAIN STREET STE 203
LOUISVILLE,KY40202 		N/A PF TRANSFER TO FULTUM FOUNDATION, FULTUM DISTRIBUTION 8,241,191

GREATER LOUISVILLE PROJECT

325 WEST MAIN STREET STE 1110
LOUISVILLE,KY40202 		N/A PC SUNSETTING THE GREATER LOUISVILLE PROJECT 10,000

INSIGHT MEMORY CARE CENTER

3953 PENDER DRIVE STE 100
FAIRFAX,VA22030 		N/A PC GENERAL OPERATING SUPPORT 15,000

JEFFERSON COMMUNITY & TECHNICAL COLLEGE FOUNDATION INC

109 E BROADWAY
LOUISVILLE,KY40202 		N/A PC GENERAL OPERATING SUPPORT 10,000

JEWISH FAMILY AND CAREER SERVICES

3587 DUTCHMANS LANE
LOUISVILLE,KY40205 		N/A PC FAMILY & HOUSEHOLD STABILITY COLLABORATIVE, CAREER SERVICES FOR REFUGEES & IMMIGRANTS 232,000

JUNIOR ACHIEVEMENT OF KENTUCKIANA INC

1401 W MUHAMMAD ALI BLVD
LOUISVILLE,KY40203 		N/A PC SUMMER PILOT PROGRAM, COMMUNITY OUTREACH PILOT 52,624

KENTUCKY REFUGEE MINISTRIES INC

969B CHEROKEE ROAD
LOUISVILLE,KY40204 		N/A PC GENERAL OPERATING SUPPORT, THE FAMILY AND YOUTH SERVICES PROGRAM 149,000

KENTUCKY YOUTH ADVOCATES

10200 LINN STATION RD STE 310
LOUISVILLE,KY40223 		N/A PC BUILDING RESILIENCE IN YOUTH SERVING ORGANIZATIONS, ADVERSE CHILDHOOD EXPERIENCES POLICY CAMPAIGN 63,500

LA CASITA CENTER INC

PO BOX 1844
LOUISVILLE,KY40201 		N/A PC LATINX TEENS PROGRAM 43,000

LEADERSHIP LOUISVILLE FOUNDATION

732 WEST MAIN STREET
LOUISVILLE,KY40202 		N/A PC SUPPORT PROGRAM SCHOLARSHIPS IN CONNECTION WITH WOMEN OF IMPACT 1,000

LIGHTHOUSE PROMISE INC

5312 SHEPHERDSVILLE ROAD
LOUISVILLE,KY40228 		N/A PC PARTNERS IN LEARNING 29,000

LINCOLN FOUNDATION

4322 BISHOP LANE
LOUISVILLE,KY40218 		N/A PC COLLEGE TRANSITIONAL ENRICHMENT PROGRAM 75,000

LINCOLN HERITAGE COUNCIL BOY SCOUTS OF AMERICA

12001 SYCAMORE STATION PLACE
LOUISVILLE,KY40299 		N/A PC GENERAL OPERATING SUPPORT 10,000

LOUISVILLE URBAN LEAGUE

1535 WEST BROADWAY
LOUISVILLE,KY40203 		N/A PC GENERAL OPERATING SUPPORT 10,000

LOUISVILLE YOUTH PHILANTHROPY COUNCIL

9523 US HIGHWAY 42 STE 74
PROSPECT,KY40059 		N/A PC LYPC GENERAL OPERATING SUPPORT 6,000

MARINE CORPS ASSOCIATION FOUNDATION

715 BROADWAY STREET
QUANTICO,VA22172 		N/A PC GENERAL OPERATING SUPPORT 25,000

MARINE TOYS FOR TOTS FOUNDATION

18251 QUANTICO GATEWAY DRIVE
TRIANGLE,VA22172 		N/A PC GENERAL OPERATING SUPPORT 25,000

METRO UNITED WAY

334 E BROADWAY
LOUISVILLE,KY40202 		N/A PC IMPROVING KINDERGARTEN READINESS WITH HEALTH CARE PARTNERS THROUGH DEVELOPMENTAL SCREENING 105,275

PRESIDENT AND FELLOWS OF MIDDLEBURY COLLEGE

75 FRANKLIN STREET MIDDLEBURY
COLLEGE
MIDDLEBURY,VT05753 		N/A PC LANGUAGE SCHOOL - HEBREW, SUPPORT OF THE BOARD OF TRUSTEE EFFORT 145,000

NATIONAL CENTER FOR FAMILIES LEARNING (NCFL)

325 W MAIN STREET STE 300
LOUISVILLE,KY40202 		N/A PC LOUISVILLE GROWING READERS INITIATIVE 50,000

NATIONAL CIVIC LEAGUE

190 E 9TH AVE STE 200
DENVER,CO80203 		N/A PC GENERAL OPERATING SUPPORT 3,000

NATIONAL LEAGUE OF CITIES

660 N CAPITOL ST NW 4
WASHINGTON,DC20001 		N/A PC TO SUPPORT NLC'S INSTITUTE FOR YOUTH, EDUCATION, AND FAMILIES 1,000

NAVY-MARINE CORPS RELIEF SOCIETY

875 N RANDOLPH STREET STE 225
ARLINGTON,VA22203 		N/A PC GENERAL OPERATING SUPPORT 30,000

NEIGHBORHOOD HOUSE INC

201 N 25TH ST
LOUISVILLE,KY40212 		N/A PC 2021 DREAMERS' ACADEMY AND CAPACITY BUILDING, OST COUNCIL CONSULTANT 140,000

NEW DIRECTIONS HOUSING CORPORATION

1617 MAPLE ST
LOUISVILLE,KY40210 		N/A PC I RISE - A FAMILY SELF SUFFICIENCY PROGRAM 45,000

ORANGE COUNTY COMMUNITY FOUNDATION

4041 MACARTHUR BLVD STE 510
NEWPORT BEACH,CA92660 		N/A PC TRANSFER TO DAF 75,000

PLAY COUSINS COLLECTIVE

401 NORTHWESTERN PARKWAY
LOUISVILLE,KY40212 		N/A PC FAMILY AND CHILDREN'S PROGRAMMING 70,000

PSYCHARMOR

6215 FERRIS SQUARE STE 205
SAN DIEGO,CA92121 		N/A PC GENERAL OPERATING SUPPORT 25,000

SEVEN COUNTIES

10401 LINN STATION RD
LOUISVILLE,KY40223 		N/A PC CHILD AND FAMILY WEST CLINIC THERAPEUTIC AFTER SCHOOL AND SUMMER PROGRAM 40,000

SOWING SEEDS WITH FAITH

PO BOX 16753
LOUISVILLE,KY40256 		N/A PC SOWING SEEDS WITH FAITH SUMMER PROGRAM AND RETREAT PROGRAM 60,000

TEACH KENTUCKY INC

2000 STRATHMOOR BLVD
LOUISVILLE,KY40205 		N/A PC GENERAL OPERATING SUPPORT 25,000

THE ASPEN INSTITUTE INC

2300 N ST NW STE 700
WASHINGTON,DC20037 		N/A PC SOCIETY OF FELLOWS 10,000

BACH CHOIR OF BETHLEHEM

440 HECKEWELDER PL
BETHLEHEM,PA18018 		N/A PC TO MARK THE APPOINTMENT OF ITS NEW ARTISTIC DIRECTOR 4,000

UNIVERSITY OF SOUTHERN MISSISSIPPI FOUNDATION

118 COLLEGE DRIVE 5210
HATTIESBURG,MS39406 		N/A PC DE GRUMMOND CHILDREN'S LITERATURE COLLECTION 200,000

WASHINGTON BACH CONSORT

1310 G ST NW 740
WASHINGTON,DC20005 		N/A PC TO PROVIDE SUPPORT FOR ARTISTIC DIRECTOR TO REPRESENT THE CONSORT AT VARIOUS EUROPEAN FESTIVALS AND CONFERENCE IN 2023 5,000

WESLEY HOUSE COMMUNITY SERVICES

5114 PRESTON HIGHWAY
LOUISVILLE,KY40213 		N/A PC READING UNDER NINE 50,000

YMCA OF GREATER LOUISVILLE

545 SOUTH 2ND STREET
LOUISVILLE,KY40202 		N/A PC CHESTNUT STREET FAMILY YMCA - BLACK ACHIEVERS PROGRAM 100,000
Total .................................right arrow 3a 35,580,434
bApproved for future payment

THE ASPEN INSTITUTE INC
2300 N ST NW STE 700
WASHINGTON,DC20037 		N/A PC GENERAL OPERATING SUPPORT 10,000

CATHOLIC CHARITIES OF LOUISVILLE
2911 S 4TH ST
LOUISVILLE,KY40208 		N/A PC YOUTH OUTREACH AND MENTORING PROGRAM 118,000

EVOLVE502
334 E BROADWAY
LOUISVILLE,KY40202 		N/A PC EVOLVE502 SCHOLARSHIP 2,000,000

LINCOLN FOUNDATION
4322 BISHOP LANE
LOUISVILLE,KY40218 		N/A PC COLLEGE TRANSITIONAL ENRICHMENT PROGRAM 50,000

METRO UNITED WAY
334 E BROADWAY
LOUISVILLE,KY40202 		N/A PC IMPROVING KINDERGARTEN READINESS WITH HEALTH CARE PARTNERS THROUGH DEVELOPMENTAL SCREENING 95,500

NEW DIRECTIONS HOUSING CORPORATION
1617 MAPLE ST
LOUISVILLE,KY40210 		N/A PC I RISE - A FAMILY SELF SUFFICIENCY (FSS) PROGRAM 45,000

MARINE CORPS UNIVERSITY FOUNDATION INC
PO BOX 122
QUANTICO,VA22134 		N/A PC ACADEMIC CONFERENCES 70,000

YMCA OF GREATER LOUISVILLE
545 SOUTH 2ND STREET
LOUISVILLE,KY40202 		N/A PC CHESTNUT STREET FAMILY YMCA - BLACK ACHIEVERS PROGRAM 100,000
Total ................................. right arrow 3b 2,488,500
Form 990-PF (2022)
Form 990-PF (2022)
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 ........... 		         
4 Dividends and interest from securities ....     14 923,473  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -726,699  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 196,774 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
196,774
(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.)
Form 990-PF (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
C E AND S FOUNDATION INC
 
Employer identification number

59-2466943
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
C E AND S FOUNDATION INC
  		Employer identification number
59-2466943
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
ESTATE OF DAVID A JONES SR
 
471 WEST MAIN STREET STE 203
 
LOUISVILLE, KY40202

$ 39,973,219


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
MATTHEW L JONES
471 WEST MAIN STREET STE 203
 
LOUISVILLE, KY40202

$ 265,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
C E AND S FOUNDATION INC
  		Employer identification number

59-2466943
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
C E AND S FOUNDATION INC
  		Employer identification number

59-2466943
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING, TAX PREPARATION, PAYROLL 8,431 0   8,431

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2022 ExpenditureResponsibilityStmt
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
FULTUM FOUNDATION INC
  		471 W MAIN STREET STE 203
LOUISVILLE,KY40202 		2022-01-01 8,241,191 THE GRANT IS TO BE USED TO ENDOW THE FULTUM FOUNDATION, INC. (GRANTEE) AND ALLOW THE GRANTEE TO MAKE GRANTS TO QUALIFIED RECIPIENT ORGANIZATIONS ONLY FOR CHARITABLE PURPOSES AS DESCRIBED IN THE GRANT AGREEMENT APPROVED BY THE GRANTOR ON NOVEMBER 18, 2021. THE GRANTEE WILL USE THE GRANT FUNDS FOR EXCLUSIVELY CHARITABLE, SCIENTIFIC, AND/OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 8,241,191 NO DIVERSION OF ANY FUNDS FROM THE PURPOSE, TO THE KNOWLEDGE OF THE GRANTOR. 12/31/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
CRESCENT HILL FAMILY FOUNDATION INC
  		471 W MAIN STREET STE 203
LOUISVILLE,KY40202 		2022-01-01 23,150,943 THE GRANT IS TO BE USED TO ENDOW THE CRESCENT HILL FAMILY FOUNDATION, INC. (GRANTEE) AND ALLOW THE GRANTEE TO MAKE GRANTS TO QUALIFIED RECIPIENT ORGANIZATIONS ONLY FOR CHARITABLE PURPOSES AS DESCRIBED IN THE GRANT AGREEMENT APPROVED BY THE GRANTOR ON NOVEMBER 18, 2021. THE GRANTEE WILL USE THE GRANT FUNDS FOR EXCLUSIVELY CHARITABLE, SCIENTIFIC, AND/OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 23,150,943 NO DIVERSION OF ANY FUNDS FROM THE PURPOSE, TO THE KNOWLEDGE OF THE GRANTOR. 12/31/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

TY 2022 InvestmentsCorpBondsSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS - DETAIL MAINTAINED 3,179,013 3,179,013

TY 2022 InvestmentsCorpStockSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK - DETAIL MAINTAINED 3,615,696 3,615,696

TY 2022 InvestmentsGovtObligationsSch
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
US Government Securities - End of Year Book Value:

2,089,862
US Government Securities - End of Year Fair Market Value:

2,089,862
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2022 InvestmentsOtherSchedule2
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUNDS - DETAIL MAINTAINED FMV 21,607,121 21,607,121
PRIVATE EQUITIES - DETAIL MAINTAINED FMV 26,070,186 26,070,186
ETF, MORTGAGE POOLS, ASSET BACKED SECURITIES - DETAIL MAINTAINED FMV 13,865,155 13,865,155

TY 2022 LegalFeesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL SERVICES 511 0   511


TY 2022 OtherAssetsSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INCOME 133,441 97,266 97,266


TY 2022 OtherDecreasesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Description Amount
UNREALIZED LOSS ON INVESTMENTS 9,977,792


TY 2022 OtherExpensesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 22,757 2,276   20,481
WORKER'S COMPENSATION 1,234 123   1,111
PROFESSIONAL DEVELOPMENT 65,621 6,562   59,059
BANK FEES 116 12   104
K-1 DEDUCTIONS 0 337,690   0
MISCELLANEOUS 3,399 0   3,399


TY 2022 OtherIncomeSchedule2
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 OTHER INCOME   43,770  


TY 2022 OtherProfessionalFeesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING AND OTHER 19,171 1,917   17,254
INVESTMENT MANAGEMENT 328,577 328,577   0
RETIREMENT PLAN MANAGEMENT 2,143 214   1,929
IT SERVICES 3,625 363   3,262


TY 2022 TaxesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 0 4,196   0
FEDERAL EXCISE TAX 56,745 0   0
STATE UBI TAX EXPENSE 6,047 0   0
OTHER TAXES 366 0   366