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
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 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$61,426,070J 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 right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 390,197 390,197  
5a Gross rents............ 11,200 11,200  
b Net rental income or (loss) 11,200
6a Net gain or (loss) from sale of assets not on line 10 2,107,874
b Gross sales price for all assets on line 6a 5,374,840
7 Capital gain net income (from Part IV, line 2)... 2,107,874
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
421,904 415,806  
12 Total. Add lines 1 through 11........ 2,931,175 2,925,077  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 162,201 89,703   72,498
14 Other employee salaries and wages...... 222,072 0   222,072
15 Pension plans, employee benefits....... 13,227 0   13,227
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
23,493 18,529   4,964
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
49,827 26,109   23,718
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
192,015 184,315   7,700
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
99,035 64,909   14,126
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 5,080 0   5,080
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
110,050 48,875   61,175
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 877,000 432,440   424,560
25 Contributions, gifts, grants paid....... 2,739,024 2,739,024
26 Total expenses and disbursements. Add lines 24 and 25 3,616,024 432,440   3,163,584
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -684,849
b Net investment income (if negative, enter -0-) 2,492,637
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.............   2 2
2 Savings and temporary cash investments......... 1,432,410 1,055,082 1,055,082
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)      
b Investments—corporate stock (attach schedule)....... 16,574,133 Click to see attachment
List of Attached Documents:
// Content
16,134,525 		19,809,086
c Investments—corporate bonds (attach schedule).......      
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).......... 3,665,698 Click to see attachment
List of Attached Documents:
// Content
3,347,013 		4,265,253
14 Land, buildings, and equipment: basis right arrow16,444,541
Less: accumulated depreciation (attach schedule) right arrow   16,242,960 16,444,541 36,296,647
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,915,201 36,981,163 61,426,070
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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........ 37,915,201 36,981,163
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)..... 37,915,201 36,981,163
30 Total liabilities and net assets/fund balances (see instructions). 37,915,201 36,981,163
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
37,915,201
2
Enter amount from Part I, line 27a .....................
2
-684,849
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
86,881
4
Add lines 1, 2, and 3 ..........................
4
37,317,233
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
336,070
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
36,981,163
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 PUBLICLY TRADED SECURITIES P    
b TIMBER SALES P    
c CAPITAL GAINS DIVIDENDS P    
d HARBERT REAL ESTATE - LOSS ON DISPOSITION P    
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 3,366,997   3,060,593 306,404
b 1,973,995   77,351 1,896,644
c 33,848     33,848
d     129,022 -129,022
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       306,404
b       1,896,644
c       33,848
d       -129,022
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 2,107,874
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 34,648
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 34,648
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 34,648
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 37,023
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 37,023
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 931
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 1,444
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow1,444 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 arrowAL
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 instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.JLBEDSOLEFOUNDATION.ORG
14
The books are in care ofright arrowLOUIS WILCOX REGIONS BANK Telephone no.right arrow (251) 438-8044

Located atright arrow11 NORTH WATER STREET 28TH FLOORMOBILEAL ZIP+4right arrow36602
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)
 
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
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)
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
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
 
 
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 		37,201 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 		159,436 6,635 4,800
PO BOX 1628
MOBILE,AL36633
PATRICIA PATTON PROGRAM DIRECTOR
40.00 		56,937 1,260 0
PO BOX 1628
MOBILE,AL36633
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
PROFESSIONAL FORESTRY SERVICES REFORESTATION - PLANTING 102,378
7201 CHARLANDA BLVD
MOBILE,AL36695
RED RIVER SPECIALTIES INC REFORESTATION - SITE PREP 99,203
529 GALLOWAY CIR
ALABASTER,AL35007
SMITH DUKES & BUCKALEW ACCOUNTING AND IT SERVICES 54,359
3800 AIRPORT BLVD
MOBILE,AL36608
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 ADMINISTRATION OF SCHOLARS PROGRAM (85 COLLEGE/UNIVERSITY STUDENTS SERVED), ENTREPRENEURIAL PROGRAM, AND GRANTS TO EXEMPT ORGANIZATIONS 424,560
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.........................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
21,061,763
b
Average of monthly cash balances.......................
1b
1,485,539
c
Fair market value of all other assets (see instructions)................
1c
41,310,112
d
Total (add lines 1a, b, and c).........................
1d
63,857,414
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
63,857,414
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
957,861
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
62,899,553
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,144,978
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
3,144,978
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
34,648
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
34,648
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,110,330
4
Recoveries of amounts treated as qualifying distributions................
4
6,000
5
Add lines 3 and 4............................
5
3,116,330
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
3,116,330
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
3,163,584
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
3,163,584
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 3,116,330
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 1,016,854
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017......  
b From 2018......  
c From 2019......  
d From 2020......  
e From 2021......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 3,163,584
a Applied to 2021, but not more than line 2a 1,016,854
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..... 2,146,730
e Remaining amount distributed out of corpus 0
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 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 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 .......... 		969,600
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) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
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:
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 (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

ALABAMA SCHOOL OF MATH & SCIENCE

1255 DAUPHIN ST
MOBILE,AL36604 		  PC SCIENCE RESEARCH CENTER 100,000

AMERICAN ACADEMY OF PEDIATRICS-AL CHAPTER

19 S JACKSON ST
MONTGOMERY,AL36104 		  PC REACH OUT AND READ OUT ALABAMA 10,000

ARC - BALDWIN COUNTY

PO BOX 400
LOXLEY,AL36551 		  PC OPERATIONAL SUPPORT 10,000

ASCENSION PROVIDENCE FOUNDATION

6801 AIRPORT BLVD STE B227
MOBILE,AL36608 		  PC FESTIVAL OF FLOWERS 10,000

BAYSHORE CHRISTIAN SCHOOL

316 PRESBYTERIAN DR
FAIRHOPE,AL36532 		  PC PHASE 2 - FOR FUTURE GENERATIONS 75,000

BIG BROTHERS BIG SISTERS OF SOUTH ALABAMA

3 S ROYAL ST
MOBILE,AL36602 		  PC MENTORING PROGRAMS 30,000

BOY SCOUTS OF AMERICA MOBILE COUNCIL

2587 GOVERNMENT ST
MOBILE,AL36606 		  PC CAMP MAUBILA IMPROVEMENTS 8,000

BREAST CANCER RESEARCH FOUNDATION OF AL

PO BOX 531225
BIRMINGHAM,AL35253 		  PC RESEARH PROJECTS UNIVERSITY OF S ALABAMA 5,000

CAMP RAP-A-HOPE

PO BOX 1427
MOBILE,AL36633 		  PC SIBLING PROGRAM 6,400

COASTAL ALABAMA PARTNERSHIP

450 ST LOUIS ST
MOBILE,AL36602 		  PC PROGRAM SUPPORT 200,000

COUNTRY CLUB ESTATES NEIGHBORHOOD ASSN

19 WESTGATE RD
MOBILE,AL36608 		  PC NEW SIDEWALKS & CROSSWALKS 35,000

DAUPHIN ISLAND SEA LAB FOUNDATION

PO BOX 82151
MOBILE,AL36689 		  PC UNIVERSITY PROGRAM MICROSCOPES 15,000

DAUPHIN WAY UNITED METHODIST CHURCH

1507 DAUPHIN ST
MOBILE,AL36604 		  PC SPONSOR DILL LECTURE SERIES 5,000

DUMAS WESLEY COMMUNITY CENTER

126 MOBILE ST
MOBILE,AL36607 		  PC PROGRAMS FOR UNDERSERVED YOUTH & SENIORS 20,000

EXPLOREUM SCIENCE CENTER

PO BOX 1968
MOBILE,AL36633 		  PC EDUCATIONAL PROGRAMMING 75,000

FAIRHOPE HIGH SCHOOL

1 PIRATE DR
FAIRHOPE,AL36532 		  GOV SPECIAL NEEDS ADAPTIVE PE AREA 10,000

HISTORY MUSEUM OF MOBILE

PO BOX 2068
MOBILE,AL36652 		  PC DRESSING THE ABBEY EXHIBITION 25,000

INFIRMARY FOUNDATION

PO BOX 2226
MOBILE,AL36652 		  PC KEEPIN' IT REAL VIDEO SERIES 44,500

LABOR OF LOVE

PO BOX 1968
COFFEEVILLE,AL36524 		  PC MAKING PROGRESS-CAPITAL PROJECT COM. CTR. 25,000

LITTLE FLOWER CATHOLIC SCHOOL

2103 GOVERNMENT ST
MOBILE,AL36606 		  PC PLAYGROUND 50,000

MCKEMIE PLACE

PO BOX 851418
MOBILE,AL36685 		  PC OPERATIONAL SUPPORT 20,000

MOBILE AREA CHAMBER FOUNDATION

358 ST LOUIS ST
MOBILE,AL36602 		  PC INNOVATION PORTAL - DEBT REDUCTION 500,000

MOBILE AREA CHAMBER FOUNDATION

358 ST LOUIS ST
MOBILE,AL36602 		  PC INNOVATION PORTAL - CAPITAL IMPROVEMENT 300,000

MOBILE ARTS COUNCIL

70 N JOACHIM ST STE A
MOBILE,AL36602 		  PC EXHIBITION SERIES 15,000

MOBILE BALLET

4351 DOWNTOWNER LOOP N
MOBILE,AL36609 		  PC PROGRAM SUPPORT 5,000

MOBILE INTERNATIONAL FESTIVAL

713 DAUPHIN ST
MOBILE,AL36602 		  PC 39TH MOBILE INTERNATIONAL FESTIVAL 5,000

MOBILE OPERA

257 DAUPHIN ST
MOBILE,AL36602 		  PC PROGRAM SUPPORT 5,000

MOBILE SYMPHONY ORCHESTRA

PO BOX 3127
MOBILE,AL36652 		  PC PROGRAM SUPPORT 30,000

MONROE COUNTY MUSEUM

31 N ALABAMA AVE
MONROEVILLE,AL36460 		  GOV PIONEER DAYS & A DAY IN OLD MONROEVILLE 10,000

OUR LITTLE ROSES

PO BOX 530947
MIAMI SHORES,FL33153 		  PC OPERATIONAL SUPPORT 500

OZANAM CHARITABLE PHARMACY

109 S CEDAR ST
MOBILE,AL36602 		  PC EMERGENCY GENERIC MEDICATION PURCHASE PROGRAM 10,000

PRICHARD PREPARATORY SCHOOL

743 MT SINAI AVE
WHISTLER,AL36612 		  PC TECHNOLOGY MODERNIZATION PROJECT 20,000

PRODISEE PANTRY

9315 SPANISH FORT BLVD
SPANISH FORT,AL36527 		  PC CULTIVATE HEALTH OPTIONS IN A FOOD DESERT 50,000

RANSOM MINISTRIES

320 S CRAFT HWY
CHICKASAW,AL36611 		  PC PROGRAM SUPPORT 10,000

SHOULDER OF THE CENTRAL GULF COAST INC

PO BOX 637
DAPHNE,AL36526 		  PC NEW WOMEN'S FACILITY RENOVATION 10,000

SOUTH BALDWIN CHRISTIAN ACADEMY

6900 AL-59
GULF SHORES,AL36542 		  PC PROGRAM SUPPORT 9,795

SOUTH BALDWIN LITERACY COUNCIL

21441 HWY 98 E
FOLEY,AL36535 		  PC COMMUNITY EDUCATION 7,500

ST LUKE'S EPISCOPAL SCHOOL

1400 S UNIVERSITY BLVD
MOBILE,AL36609 		  PC BIOMEDICAL SCIENCES PROGRAM EXPANSION 18,750

THE EXCEPTIONAL FOUNDATION GULF COAST

PO BOX 1267
FAIRHOPE,AL36533 		  PC EFGC MUSIC PROGRAM 1,500

UMS-WRIGHT PREPARATORY SCHOOL

65 MOBILE ST
MOBILE,AL36607 		  PC NEW DINING FACILITY 250,000

UNITED WAY OF SOUTHWEST ALABAMA

218 ST FRANCIS ST
MOBILE,AL36602 		  PC THE BASICS GRANT 2022 50,000

UNIVERSITY OF ALABAMA

203 ROSE ADMIN BLDG
TUSCALOOSA,AL35487 		  GOV BEDSOLE MOOT COURT UPGRADE 50,329

UNIVERSITY OF MOBILE

5738 COLLEGE PKWY
MOBILE,AL36613 		  PC PHARR GYMNASIUM PROJECT 100,000

VICTORY HEALTH PARTNERS

3750 PROFESSIONAL PKWY
MOBILE,AL36609 		  PC PROGRAM SUPPORT 40,000

WHITE SMITH MEMORIAL LIBRARY

PO BOX 265
JACKSON,AL36545 		  PC SUMMER READING PROGRAM 2022 2,000

YOUNG LIFE OF MOBILE

PO BOX 851025
MOBILE,AL36685 		  PC PROJECT ONE COORDINATION 10,000
KAYLEY B BURGESS


69750 SCRANAGE RD
ATMORE,AL36502 		  I ENTREPRENEUR PROGRAM STIPEND 2,000
MADDISON C HILL


650 RAINES DR
MOBILE,AL36609 		  I ENTREPRENEUR PROGRAM STIPEND 2,000
SARAH TRUC-MI


7631 CAMERON CT
MOBILE,AL36695 		  I ENTREPRENEUR PROGRAM STIPEND 2,000
JADAN E SUTTERFIELD


220 VALLEY RD
CHICKASAW,AL36611 		  I ENTREPRENEUR PROGRAM STIPEND 2,000
MOLLEE S BEARDEN


161 S CARLEN
MOBILE,AL36606 		  I ENTREPRENEUR PROGRAM STIPEND 2,000
COURTLYN V MCMEANS


6633 LUBARRETT WAY S
MOBILE,AL36695 		  I ENTREPRENEUR PROGRAM STIPEND 2,000
COURTNEY N LEWIS


PO BOX 1723
BAY MINETTE,AL36507 		  I ENTREPRENEUR PROGRAM STIPEND 2,000
AARON SEARS


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
AIDAN TOOMEY


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
ALICE LIVINGSTON


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
BOOKE MORGAN


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 750
CAMERON SANCHEZ


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
CONNOR KING


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
ELIZABETH FROMDAHL


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
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 3,000
JACKSON CHAMBERS


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 4,500
JACKSON FAGGARD


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
JAMARCUS ROWDEN


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
JASMIN NGO


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 3,500
JENNA KIM


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
JOSIE HOWELL


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 1,500
LANE RALEY


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
LONYLA HENTON


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 5,000
MEGAN SANCHEZ


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
REECE SPRINGS


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 3,000
REESE WOLFE


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
SARAH LOTT


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
SARAH RHODES


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 3,000
TRISTON BUCKLEY


AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 6,000
CHARLIE HOLLIS


1500 E FAIRWAY AVE
MONTGOMERY,AL36106 		  I SCHOLARSHIP - HUNTINGDON COLLEGE 6,000
MYLES MURPHY


1500 E FAIRWAY AVE
MONTGOMERY,AL36106 		  I SCHOLARSHIP - HUNTINGDON COLLEGE 6,000
RACHAEL WILLIAMS


1500 E FAIRWAY AVE
MONTGOMERY,AL36106 		  I SCHOLARSHIP - HUNTINGDON COLLEGE 6,000
TYLER BJORGUM


1500 E FAIRWAY AVE
MONTGOMERY,AL36106 		  I SCHOLARSHIP - HUNTINGDON COLLEGE 6,000
RHYAN 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
JACOB ARNOLD


4000 DAUPHIN ST
MOBILE,AL36608 		  I SCHOLARSHIP - SPRING HILL COLLEGE 6,000
ZOE GRAY


600 UNIVERSITY AVE
TROY,AL36082 		  I SCHOLARSHIP - TROY UNIVERSITY 6,000
BAILEY HELMS


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
BAYLEE LUECK-WEST


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 3,000
BELLE FANT


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
BRANDON WILSON


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
BRAXTON KENT


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 3,000
CALEB REED


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
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 6,000
JOSHUA STEWART


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
JULIE BICE


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
KYLIE STAGNER


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 5,000
LILLIAN KENNEDY


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 3,000
MARCUS KELLEY


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
MARGARET GORDON


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
MOLLEE BEARDEN


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 3,500
MOLLI SESSIONS


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
NICHOLAS STORK


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 3,000
PHILIP FANT


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
SYDNEY HENDRYX


UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 6,000
ASHLEY CAMPOS


1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 5,000
BAYLEE LUECK


1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 3,000
BRAXTON KENT


1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 3,000
BRYAN FENG


1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 4,000
CHLOE JONES


1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 6,000
LILLIAN KENNEDY


1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 3,000
MARY NELSON


1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 6,000
MORGAN SUTTON


1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 2,000
NICOLLETTE HOUSTON-TURNER


1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 2,000
RACHEL CARWILE


1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 2,000
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 6,000
ABBIE HEDDEN


5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 3,000
COLLIN GIBBONS


5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
FAYE SHERER


5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
JOHN HEDDEN


5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
KAYLEY BURGESS


5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
MATTIE CHESTANG


5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 2,500
REAGAN LENTZ


5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
TAYLOR VICE


5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 6,000
CARLEIGH WHITE


307 N UNIVERSITY BLVD
MOBILE,AL36688 		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 6,000
DEV MEHTA


307 N UNIVERSITY BLVD
MOBILE,AL36688 		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 1,500
GEORGIA BROWN


307 N UNIVERSITY BLVD
MOBILE,AL36688 		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 4,500
MADELINE ROBINSON


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 6,000
RUTH HARPER


307 N UNIVERSITY BLVD
MOBILE,AL36688 		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 3,500
SARAH VO


307 N UNIVERSITY BLVD
MOBILE,AL36688 		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 1,500
ABBY FULLER


100 US-11
LIVINGSTON,AL35470 		  I SCHOLARSHIP - UNIVERSITY OF WEST ALABAMA 6,000

ALABAMA FREE CLINIC

212 COURTHOUSE SQ
BAY MINETTE,AL36507 		  PC EQUIPMENT AND SUPPLIES 10,000
Total .................................right arrow 3a 2,739,024
bApproved for future payment
Total ................................. right arrow 3b 0
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 ....     14 390,197  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 11,200  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     16 475,629  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,107,874  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRECOVERY OF AMOUNTS PREVIOUSLY DEDUCTED 		        6,000
bK-1: HARBERT REAL ESTATE FD III     14 -24  
cK-1: ALKEON GROWTH PW PARTNERS     14 -59,799  
dK-1: ALKEON GROWTH PW PARTNERS 531120 98      
e
12 Subtotal. Add columns (b), (d), and (e) .. 98 2,925,077 6,000
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,931,175
(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
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

TY 2022 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 49,827 26,109   23,718

TY 2022 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
1935 ABB LTD 51,315 58,940
96 ACCELLERON INDUSTRIES AG 1,854 1,958
510 ACCENTURE PLC 91,243 136,088
4011 ACUSHNET HOLDINGS CORP 133,144 170,307
94 ADIDAS AG 15,922 6,368
266 ADOBE INC 69,806 89,517
490 ADVANCE AUTO PARTS INC 77,673 72,045
330 AGILENT TECHNOLOGIES INC 41,196 49,385
1395 AIA GROUP LTD 53,182 61,980
809 AIR LIQUIDE SA 23,687 22,881
83 AIR PRODUCTS AND CHEMICALS INC 17,828 25,586
1074 AIRBUS SE 23,944 31,855
1680 ALCON INC 96,954 115,164
440 ALPHABET INC 32,788 38,821
3892 AMAZON.COM INC 404,026 326,928
839 AMERICA MOVIL SAB DE CV 15,186 15,270
444 AMERICAN EXPRESS CO 75,169 65,601
578 ANHEUSER-BUSCH INBEV SA/NV 37,377 34,703
113 ANSYS INC 22,154 27,300
574 AON PLC 75,423 172,280
1906 APPLE INC 39,967 247,647
568 APTARGROUP INC 41,316 62,469
724 APTIV PLC 57,820 67,426
968 ARCH CAPITAL GROUP LTD 29,061 60,771
268 ARES MANAGEMENT CORP 16,052 18,342
3203 ARTISAN PARTNERS ASSET MANAGEMENT INC 119,486 95,129
1141 ASAHI KASEI CORP 20,983 16,191
341 ASML HOLDING NV 134,699 186,322
517 ASPEN TECHNOLOGY INC 41,823 106,192
913 ASSA ABLOY AB 10,314 9,769
1215 ASTRAZENECA PLC 65,429 82,377
557 ATLASSIAN CORP LTD 120,689 71,675
81 ATRION CORP 58,802 45,315
403 AUTODESK INC 76,217 75,309
2248 AUTOHOME INC 87,334 68,789
154 AUTOMATIC DATA PROCESSING INC 21,484 36,784
403 B&M EUROPEAN VALUE RETAIL SA 10,914 7,972
1033 BANCFIRST CORP 98,701 91,090
1027 BANCO BILBAO VIZCAYA ARGENTARIA SA 4,909 6,172
98 BEIGENE LTD 31,708 21,554
1127 BLACK KNIGHT INC 67,626 69,592
134 BLACKROCK INC 84,706 94,956
61 BLOCK INC 3,885 3,833
26 BOOKING HOLDINGS INC 49,905 52,397
1372 BOSTON SCIENTIFIC CORP 39,690 63,482
978 BRITISH AMERICAN TOBACCO PLC 34,647 39,100
949 BROOKFIELD ASSET MANAGEMENT LTD 21,976 27,208
3797 BROOKFIELD CORP 95,461 119,454
1854 BROOKFIELD INFRASTRUCTURE CORP 65,316 72,121
1149 BROOKFIELD RENEWABLE CORP 48,736 31,643
1225 BROWN & BROWN INC 45,361 69,788
183 BROWN-FORMAN CORP 9,306 12,019
1540 CARLSBERG AS 41,178 40,856
1227 CARMAX INC 98,631 74,712
694 CBRE GROUP INC 25,236 53,410
1454 CHR HANSEN HOLDING A/S 31,424 26,070
502 CHUBB LTD 52,144 110,741
1502 CIE FINANCIERE RICHEMONT SA 12,842 19,361
536 CIGNA GROUP 88,638 177,598
2304 CLEARWATER ANALYTICS HOLDINGS INC 58,964 43,200
347 CME GROUP INC 57,971 58,352
148 COGNEX CORP 9,849 6,972
1353 COLGATE-PALMOLIVE CO 106,264 106,603
809 COLOPLAST A/S 12,486 9,409
3672 COMCAST CORP 136,849 128,410
782 CONOCOPHILLIPS 29,048 92,276
2382 COPART INC 96,200 145,040
474 CORVEL CORP 77,136 68,886
2067 COSTAR GROUP INC 156,748 159,738
75 CREDIT ACCEPTANCE CORP 29,342 35,580
545 DAIICHI SANKYO CO LTD 16,197 17,544
619 DAIKIN INDUSTRIES LTD 13,599 9,353
231 DANAHER CORP 19,924 61,312
1556 DANONE SA 18,400 16,361
355 DBS GROUP HOLDINGS LTD 28,235 35,986
723 DEUTSCHE BOERSE AG 12,665 12,407
1012 DEXCOM INC 93,217 114,599
268 DIAGEO PLC 36,354 47,755
1256 DNB BANK ASA 21,277 24,831
212 DOLLAR GENERAL CORP 38,066 52,205
925 DOMINION RESOURCES INC 70,603 56,721
174 DOMINO'S PIZZA INC 60,997 60,274
1017 DONALDSON CO INC 32,386 59,871
1612 DRIL-QUIP INC 96,708 43,798
210 DSV PANALPINA A/S 14,934 16,672
1048 DUKE ENERGY CORP 89,226 107,934
1105 DUPONT DE NEMOURS INC 86,383 75,836
1466 EATON CORP PLC 175,449 230,089
1751 EMCOR GROUP INC 130,131 259,341
3160 ENEL SPA 27,196 16,874
1362 ENGIE SA 19,136 19,449
90 ENOVIS CORP 4,898 4,817
1117 EPIROC AB 24,049 20,374
149 EQUINIX INC 68,324 97,599
90 ESAB CORP 3,694 4,223
1406 ESSILORLUXOTTICA SA 92,420 127,355
397 ESTEE LAUDER COS INC 83,545 98,500
16 F&G ANNUITIES & LIFE INC 315 320
321 FACTSET RESEARCH SYSTEMS INC 43,728 128,788
1829 FANUC CORP 26,872 27,197
1160 FASTENAL CO 45,317 54,891
249 FIDELITY NATIONAL FINANCIAL INC 6,961 9,367
6381 FIRST HAWAIIAN INC 138,075 166,161
199 FIRST REPUBLIC BANK 20,836 24,256
1656 FTI CONSULTING INC 173,962 262,973
773 FUJITSU LTD 22,800 20,585
145 GARTNER INC 17,360 48,740
206 GENERAL DYNAMICS CORP 47,803 51,111
1370 GENMAB A/S 48,908 58,061
453 GIVAUDAN SA 37,904 27,773
2678 GRACO INC 78,486 180,122
666 GUIDEWIRE SOFTWARE INC 73,267 41,665
360 HDFC BANK LTD 21,103 24,628
1014 HEICO CORP 108,657 121,528
233 HERMES INTERNATIONAL SCA 21,948 36,067
903 HILTON WORLDWIDE HOLDINGS INC 74,005 114,103
577 HONEYWELL INTERNATIONAL INC 73,616 123,651
107 HONG KONG EXCHANGES & CLEARING LTD 5,180 4,590
376 HOWARD HUGHES CORP 27,954 28,734
68 HOYA CORP 2,444 6,487
324 HYATT HOTELS CORP 19,683 29,306
673 IBERDROLA SA 32,992 31,469
63 IDEXX LABORATORIES INC 15,073 25,701
434 ILLINOIS TOOL WORKS INC 58,069 95,610
117 ILLUMINA INC 42,591 23,657
2355 INDUSTRIA DE DISENO TEXTIL SA 29,546 31,404
944 ING GROEP NV 11,335 11,488
1274 INTEL CORP 64,464 33,672
402 INTUITIVE SURGICAL INC 130,071 106,671
457 JACK HENRY & ASSOCIATES INC 7,828 80,231
237 JARDINE MATHESON HOLDINGS LTD 10,381 12,023
805 JOHNSON & JOHNSON 54,754 142,203
727 JOHNSON CONTROLS INTERNATIONAL PLC 42,329 46,528
1177 JPMORGAN CHASE & CO 53,143 157,836
672 KENNEDY-WILSON HOLDINGS INC 9,284 10,571
777 KERING SA 47,879 39,363
147 KEYENCE CORP 72,448 57,287
3636 KKR & CO INC 154,038 168,783
8412 KONINKLIJKE KPN NV 26,491 25,657
1231 LOREAL SA 84,220 87,703
1036 LANDSTAR SYSTEM INC 178,183 168,764
984 LCI INDUSTRIES COM 139,750 90,971
740 LENNAR CORP 48,233 66,970
790 LIBERTY BROADBAND CORP 95,012 60,187
823 LIBERTY MEDIA CORP-LIBERTY FORMULA ONE 28,831 48,793
872 LIVE NATION ENTERTAINMENT INC 49,287 60,813
2225 LONDON STOCK EXCHANGE GROUP PLC 65,609 47,673
334 LOWE'S COS INC 47,847 66,546
138 LVMH MOET HENNESSY LOUIS VUITTON SE 12,153 19,992
1283 MANHATTAN ASSOCIATES INC 66,959 155,756
82 MARKEL CORP 80,741 108,034
166 MARKETAXESS HOLDINGS INC 67,701 46,296
450 MARRIOTT INTERNATIONAL INC 69,569 67,001
1039 MARSH & MCLENNAN COS INC 127,597 171,934
156 MARTIN MARIETTA MATERIALS INC 32,384 52,723
143 MASTERCARD INC 46,623 49,725
299 MCKESSON CORP 51,042 112,161
25 MERCADOLIBRE INC 33,377 21,156
1072 MERCK & CO INC 82,292 118,938
1124 META PLATFORMS INC 197,038 135,262
850 MICROCHIP TECHNOLOGY INC 38,706 59,713
1945 MICROSOFT CORP 305,933 466,450
2638 MOELIS & CO 97,079 101,220
1572 MONSTER BEVERAGE CORP 113,234 159,605
112 MOODY'S CORP 23,647 31,205
1421 MORGAN STANLEY 112,116 120,813
77 MSCI INC 19,457 35,818
171 MTU AERO ENGINES AG 16,576 18,466
1194 NASDAQ INC 27,612 73,252
1703 NESTLE SA 158,244 196,424
114 NETEASE INC 13,290 8,280
550 NETFLIX INC 262,240 162,184
46 NICE SYSTEMS LTD 12,957 8,846
840 NIDEC CORP 20,556 10,727
1572 NIKE INC 212,102 183,940
1158 NIPPON TELEGRAPH & TELEPHONE CORP 34,136 32,714
1352 NITORI HOLDINGS CO LTD 27,259 17,319
2495 NOKIA OYJ 14,328 11,577
297 NORTHROP GRUMMAN CORP 76,308 162,046
1583 NOVO NORDISK A/S 112,454 214,243
574 NOVOZYMES A/S 34,473 28,964
1280 NVIDIA CORP 81,315 187,059
554 NXP SEMICONDUCTORS NV 87,502 87,549
189 O'REILLY AUTOMOTIVE INC 63,673 159,522
329 ORSTED AS 16,318 9,933
913 PALO ALTO NETWORKS INC 67,383 127,400
1291 PAYPAL HOLDINGS INC 211,810 91,945
299 PEPSICO INC 38,641 54,017
1156 PERIMETER SOLUTIONS SA 14,031 10,566
498 PERNOD RICARD SA 16,940 19,586
1669 PFIZER INC 86,059 85,520
331 PIONEER NATURAL RESOURCES CO 51,153 75,597
339 PNC FINANCIAL SERVICES GROUP INC 40,875 53,542
616 PPG INDUSTRIES INC 79,019 77,456
948 PRICESMART INC 72,450 57,619
1294 PRIMERICA INC 63,816 183,515
1559 PROGRESSIVE CORP 141,268 202,218
604 RBC BEARINGS INC 27,788 126,447
4065 RECKITT BENCKISER GROUP PLC 75,099 57,276
2180 RECRUIT HOLDINGS CO LTD 17,877 13,494
1340 RELX PLC 33,007 37,145
10305 RIGHTMOVE PLC 126,571 126,648
136 RIO TINTO PLC 8,696 9,683
810 RLI CORP 42,965 106,329
239 ROPER TECHNOLOGIES INC 90,373 103,270
219 ROSS STORES INC 18,215 25,419
1337 RTX CORP 82,531 134,930
427 S&P GLOBAL INC 97,242 143,019
1791 SAFRAN SA 51,758 55,951
791 SALESFORCE INC 143,427 104,879
324 SAP SE 41,260 33,434
356 SBA COMMUNICATIONS CORP 77,647 99,790
684 SEA LTD 124,877 35,589
594 SHERWIN-WILLIAMS CO 154,351 140,974
1394 SHIN-ETSU CHEMICAL CO LTD 48,158 42,534
1999 SHIONOGI & CO LTD 25,814 24,748
2084 SIMPSON MANUFACTURING CO INC 182,043 184,767
70 SMC CORP 39,653 29,487
135 SOCIEDAD QUIMICA Y MINERA DE CHILE SA 14,484 10,778
1591 SOUTHERN CO 88,362 113,613
816 SPLUNK INC 103,905 70,249
547 STANLEY BLACK & DECKER INC 81,792 41,091
804 STMICROELECTRONICS NV 30,929 28,598
1835 STRAUMANN HOLDING AG 20,277 20,754
456 STRYKER CORP 103,291 111,487
769 SUMMIT MATERIALS INC 13,865 21,857
735 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 62,646 54,750
278 TELEDYNE TECHNOLOGIES INC 26,127 111,175
520 TENCENT HOLDINGS LTD 34,028 22,027
378 TERUMO CORP 14,549 10,654
179 TESLA INC 28,872 22,049
742 TEXAS INSTRUMENTS INC 71,302 122,593
299 TFI INTERNATIONAL INC 14,050 29,972
508 THERMO FISHER SCIENTIFIC INC 144,087 279,751
72 TOKYO ELECTRON LTD 6,310 5,265
1633 TORO CO 78,994 184,856
692 TOTALENERGIES SE 31,627 42,959
196 TRACTOR SUPPLY CO 31,395 44,094
271 TRANE TECHNOLOGIES PLC 18,101 45,552
283 TRANSDIGM GROUP INC 100,160 178,191
553 TRANSUNION 40,073 31,383
203 TYLER TECHNOLOGIES INC 81,522 65,449
2826 UBER TECHNOLOGIES INC 101,097 69,887
1896 UNICHARM CORP 18,389 14,485
539 UNION PACIFIC CORP 71,232 111,611
691 UNITED PARCEL SERVICE INC 78,815 120,123
660 UNITEDHEALTH GROUP INC 184,038 349,919
386 UNITY SOFTWARE INC 43,308 11,036
225 VAIL RESORTS INC 48,243 53,629
338 VERISIGN INC 52,890 69,439
392 VERISK ANALYTICS INC 59,388 69,157
1422 VISA INC 128,994 295,435
577 VULCAN MATERIALS CO 69,629 101,038
1080 WATTS WATER TECHNOLOGIES INC 124,483 157,928
426 WIX.COM LTD 88,983 32,730
404 WORKDAY INC 94,314 67,601
266 WW GRAINGER INC 92,595 147,963
798 YUM CHINA HOLDINGS INC 32,935 43,611
1009 ZOETIS INC 112,627 147,869

TY 2022 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
ALKEON GROWTH PARTNERS AT COST 1,245,000 2,146,613
IRONWOOD INST. MULTISTRATEGY LLC AT COST 2,102,013 2,118,640

TY 2022 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 23,493 18,529   4,964


TY 2022 OtherDecreasesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Description Amount
BOOK/TAX DIFFERENCE ON HARBERT REAL ESTATE FUND DISPOSITION 336,070


TY 2022 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 14,749 2,719   12,030
MEMBERSHIP DUES 2,102 992   1,110
OFFICE SUPPLIES & EXPENSE 11,404 0   11,404
401K ADMINISTRATION FEES 7,725 0   7,725
TELEPHONE & INTERNET 2,612 0   2,612
SCHOLARS PROGRAM LEADERSHIP SEMINARS 9,191 0   9,191
TIMBERLAND MAINTENANCE 44,943 44,943   0
APPRAISALS 14,850 0   14,850
WEBSITE HOSTING AND MAINTENANCE 2,253 0   2,253
ADR FEES 122 122   0
TAX RELIEF SERVICE FEES 99 99   0


TY 2022 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 287,154 287,154 287,154
SOLAR OPTION 188,475 188,475 188,475
RECOVERY OF AMOUNTS PREVIOUSLY DEDUCTED 6,000   6,000
K-1: HARBERT REAL ESTATE FD III -24 -24 -24
K-1: ALKEON GROWTH PW PARTNERS -59,799 -59,799 -59,799
K-1: ALKEON GROWTH PW PARTNERS 98   98


TY 2022 OtherIncreasesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Description Amount
BOOK/TAX DIFFERENCE ON HARBERT REAL ESTATE FUND INVESTMENT 26,846
BOOK/TAX DIFFERENCE ON ALKEON GROWTH PARTNERS 59,701
STOCK BASIS ADJUSTMENT 334


TY 2022 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 7,700 0   7,700
FORESTRY MANAGEMENT SERVICES 100,791 100,791   0
INVESTMENT ADVISORY FEES 83,524 83,524   0


TY 2022 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 64,909 64,909   0
2021 EXCISE TAX EXTENSION 20,000 0   0
PAYROLL TAXES 14,126 0   14,126