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

61-0724060
B Telephone number (see instructions)

(502) 896-2440
C 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$332,997,825J 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 128,344 128,344  
4 Dividends and interest from securities... 4,978,636 6,489,314  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,606,388
b Gross sales price for all assets on line 6a 108,946,409
7 Capital gain net income (from Part IV, line 2)... 4,107,281
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
906,370 754,391  
12 Total. Add lines 1 through 11........ 7,619,738 11,479,330  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 783,293 222,635   479,323
14 Other employee salaries and wages...... 441,141 0   429,116
15 Pension plans, employee benefits....... 264,350 44,387   195,595
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
54,264 30,044   24,220
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
45,000 22,500   22,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
674,024 594,461   79,563
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
157,140 92,777   2,734
19 Depreciation (attach schedule) and depletion... 19,368 0  
20 Occupancy.............. 138,128 34,532   103,596
21 Travel, conferences, and meetings....... 34,237 1,664   32,573
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
507,998 1,754,769   189,605
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,118,943 2,797,769   1,558,825
25 Contributions, gifts, grants paid....... 17,492,252 16,117,272
26 Total expenses and disbursements. Add lines 24 and 25 20,611,195 2,797,769   17,676,097
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -12,991,457
b Net investment income (if negative, enter -0-) 8,681,561
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.............   1,635,732 1,635,732
2 Savings and temporary cash investments......... 10,482,077 18,588,999 18,588,999
3 Accounts receivable right arrow68,125
Less: allowance for doubtful accounts right arrow   1,184,044 68,125 68,125
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 arrow75,000
Less: allowance for doubtful accounts right arrow0 150,000 75,000 75,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........   582,000 582,000
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 22,588,404 Click to see attachment
List of Attached Documents:
// Content
18,765,581 		18,765,581
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).......... 367,578,190 Click to see attachment
List of Attached Documents:
// Content
292,428,439 		292,428,439
14 Land, buildings, and equipment: basis right arrow236,018
Less: accumulated depreciation (attach schedule) right arrow106,685 148,701 Click to see attachment
List of Attached Documents:
// Content
129,333 		129,333
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
122,023 		Click to see attachment
List of Attached Documents:
// Content
724,616 		Click to see attachment
List of Attached Documents:
// Content
724,616
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 402,253,439 332,997,825 332,997,825
Liabilities 17 Accounts payable and accrued expenses.......... 458,485 554,783
18 Grants payable................. 875,000 2,250,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,600,000 		Click to see attachment
List of Attached Documents:
// Content
1,355,643
23 Total liabilities (add lines 17 through 22)......... 2,933,485 4,160,426
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........... 399,319,954 328,837,399
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 399,319,954 328,837,399
30 Total liabilities and net assets/fund balances (see instructions). 402,253,439 332,997,825
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
399,319,954
2
Enter amount from Part I, line 27a .....................
2
-12,991,457
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
386,328,497
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
57,491,098
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
328,837,399
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 K-1 GAINS/LOSSES P    
b NUVEEN US BANK - PUBLICLY TRADED SECURITIES P    
c NUVEEN CAPITAL GAIN DISTRIBUTION P    
d HILLIARD LYONS - PUBLICLY TRADED SECURITIES 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       2,500,893
b 108,625,922   109,947,245 -1,321,323
c       2,747,387
d 320,487   140,163 180,324
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       2,500,893
b       -1,321,323
c       2,747,387
d       180,324
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 4,107,281
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) 1 120,674
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........................... 3 120,674
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- ..... 5 120,674
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 540,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 540,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 1,707
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 10 417,619
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow150,000 Refundedright arrow 11 267,619
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 arrowCA, NY, KY, NM, ND
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 arrowJGBF.ORG
14
The books are in care ofright arrowMASON B RUMMEL PRESIDENT Telephone no.right arrow (502) 896-2440

Located atright arrow471 WEST MAIN STREET SUITE 401LOUISVILLEKY 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)
 
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)
 
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)
 
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
 
 
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
STEPHEN CAMPBELL CHAIRMAN
10.00 		50,000 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
CRIT LUALLEN VICE CHAIR
1.00 		17,600 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
BEN CHANDLER TRUSTEE
1.00 		18,000 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
ANGIE EVANS TRUSTEE
1.00 		18,400 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
RUDY GERNERT TRUSTEE
1.00 		0 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
DOUG GRISSOM TRUSTEE
1.00 		13,950 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
AUDWIN HELTON TRUSTEE
1.00 		16,600 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
LOPA MEHROTRA TRUSTEE
1.00 		19,200 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
R ALEX RANKIN TRUSTEE
1.00 		18,800 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
STEPHEN REILY TRUSTEE
1.00 		18,200 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
R TED STEINBOCK MD TRUSTEE
1.00 		17,600 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
AARON THOMPSON TRUSTEE
1.00 		5,800 0 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
MASON RUMMEL PRESIDENT, CEO
50.00 		357,452 75,088 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
KATHY KOTCAMP TREASURER/SECRETARY, CFO
30.00 		211,691 38,202 0
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
BLEIK PICKETT PROGRAM OFFICER
40.00 		156,568 25,697 0
471 W MAIN STREET SUITE 401
LOUISVILLE,KY40202
ASHLEY PARROTT PROGRAM OFFICER
40.00 		120,563 25,906 0
471 W MAIN STREET SUITE 401
LOUISVILLE,KY40202
VANESSA CATES OFFICE MANAGER
40.00 		57,000 15,115 0
471 W MAIN STREET SUITE 401
LOUISVILLE,KY40202
MARGIE DUVALL PROGRAM ASSISTANT
40.00 		48,250 14,517 0
471 W MAIN STREET SUITE 401
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
NUVEEN FUNDS INVESTMENT MANAGEMENT 250,590
PO BOX 219140
KANSAS CITY,MO641219140
CLIFFWATER LLC INVESTMENT MANAGEMENT 200,000
4640 ADMIRALTY WAY 11TH FLOOR
MARINA DEL REY,CA902916623
BAIRD TRUST INVESTMENT MANAGEMENT 93,501
500 W JEFFERSON ST STE 900
LOUISVILLE,KY40202
US BANK INVESTMENT MANAGEMENT 50,351
800 NICOLLET MALL
MINNEAPOLIS,MN55402
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 0
2 0
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
352,631,071
b
Average of monthly cash balances.......................
1b
4,205,171
c
Fair market value of all other assets (see instructions)................
1c
3,326,431
d
Total (add lines 1a, b, and c).........................
1d
360,162,673
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
360,162,673
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
5,402,440
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
354,760,233
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
17,738,012
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
17,738,012
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
120,674
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
37,294
c
Add lines 2a and 2b............................
2c
157,968
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
17,580,044
4
Recoveries of amounts treated as qualifying distributions................
4
75,000
5
Add lines 3 and 4............................
5
17,655,044
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
17,655,044
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
17,676,097
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
17,676,097
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 17,655,044
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 6,239,712
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$ 17,676,097
a Applied to 2021, but not more than line 2a 6,239,712
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..... 11,436,385
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 .......... 		6,218,659
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:
MASON RUMMEL PRESIDENT JAMES GRAHAM
471 WEST MAIN STREET SUITE 401
LOUISVILLE,KY40202
(502) 896-2440
bThe form in which applications should be submitted and information and materials they should include:
SEE "FOR GRANTSEEKERS" SECTION ON JGBF.ORG
cAny submission deadlines:
SEE "FOR GRANTSEEKERS" SECTION ON JGBF.ORG
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE "FOR GRANTSEEKERS" SECTION ON JGBF.ORG
Form 990-PF (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

A BRIGHTER TOMORROW INC

534 E BARBEE AVE
LOUISVILLE,KY40217 		N/A PC A BRIGHTER SUMMER FOR YOUTH PROGRAM 14,514

ACE PROJECT INC

4106 GREENWOOD AVE
LOUISVILLE,KY40211 		N/A PC THE ACADEMY OF CHILD ENTREPRENEURSHIP 9,567

ALABAMA FOREST LAND TRUST INC

8 ST JOSEPH STREET 2ND FLOOR
MOBILE,AL36602 		N/A PC LAND DONATION OF 40 ACRES IN MOBILE COUNTY, ALABAMA FOR CONSERVATION PURPOSES 140,000

ALABAMA FOREST LAND TRUST INC

8 ST JOSEPH STREET 2ND FLOOR
MOBILE,AL36602 		N/A PC CONSERVATION EASEMENT PROJECT 150,000

ALABAMA FOREST LAND TRUST INC

8 ST JOSEPH STREET 2ND FLOOR
MOBILE,AL36602 		N/A PC DONATION OF NON INCOME PRODUCING MINERAL RIGHTS. 305,244

AMERICAN PRINTING HOUSE FOR THE BLIND INC

1839 FRANKFORT AVE
LOUISVILLE,KY40206 		N/A PC APH MUSEUM: LOUISVILLE EXHIBIT 275,000

BELLARMINE UNIVERSITY

2001 NEWBURG RD
LOUISVILLE,KY40205 		N/A PC THE GREATER LOUISVILLE STUDENT SUCCESS ACADEMY 400,000

BEREA COLLEGE

LINCOLN HALL 220
BEREA,KY40404 		N/A PC BUILDING A TECHNOLOGY FUTURE LIKE NO OTHER 1,000,000

BIG BROTHERS BIG SISTERS OF KENTUCKIANA INC

1519 GARDINER LANE STE B
LOUISVILLE,KY40218 		N/A PC IT TAKES TWO 350,000

CENTER FOR NONPROFIT EXCELLENCE

325 W MAIN ST STE 150
LOUISVILLE,KY40202 		N/A PC STRENGTHENING THE IMPACT OF NONPROFITS 250,000

CENTER FOR NONPROFIT EXCELLENCE

325 W MAIN ST STE 150
LOUISVILLE,KY40202 		N/A PC SUPPORT FOR STRATEGIC EVALUATION OF PROGRAMMING AND FUND DEVELOPMENT 10,000

CENTRE COLLEGE

600 W WALNUT ST
DANVILLE,KY404221309 		N/A PC 2022 BROWN FELLOWS PROGRAM 21,332

CENTRE COLLEGE

600 W WALNUT ST
DANVILLE,KY404221309 		N/A PC 2022 BROWN FELLOWS PROGRAM 137,695

CENTRE COLLEGE

600 W WALNUT ST
DANVILLE,KY404221309 		N/A PC 2022 BROWN FELLOWS PROGRAM 133,647

CENTRE COLLEGE

600 W WALNUT ST
DANVILLE,KY404221309 		N/A PC 2022 BROWN FELLOWS PROGRAM 898,712

COMMUNITY FOUNDATION OF LOUISVILLE

325 W MAIN ST STE 1110
LOUISVILLE,KY402024251 		N/A PC GIVE FOR GOOD 2022 15,000

COMMUNITY FOUNDATION OF LOUISVILLE

325 W MAIN ST STE 1110
LOUISVILLE,KY402024251 		N/A PC DONORS FORUM OF KENTUCKIANA 450

COMMUNITY FOUNDATION OF LOUISVILLE

325 W MAIN ST STE 1110
LOUISVILLE,KY402024251 		N/A PC FUND FOR LOUISVILLE: RACIAL JUSTICE COHORT (ORIGINALLY SYSTEMS CHANGE FOR RACIAL JUSTICE) 125,000

COMMUNITY FOUNDATION OF LOUISVILLE

325 W MAIN ST STE 1110
LOUISVILLE,KY402024251 		N/A PC VIOLENCE INTERVENTION FUND 500,000

COUNCIL ON FOUNDATIONS

1255 23RD ST NW SUITE 200
WASHINGTON,DC20037 		N/A PC MEMBERSHIP DUES 19,000

COUNCIL ON FOUNDATIONS

1255 23RD ST NW SUITE 200
WASHINGTON,DC20037 		N/A PC 2022 PUBLIC POLICY SUMMIT SPONSORSHIP 5,000

DECODE PROJECT INC

2509 PORTLAND AVE
LOUISVILLE,KY40212 		N/A PC LITERARY SUMMER CAMP 2022 10,804

DELTA FOUNDATION INC

3019 RADIANCE ROAD
LOUISVILLE,KY40220 		N/A PC DELTA SUMMER CAMP 15,000

EASTERN KENTUCKY CONCENTRATED EMPLOYMENT PROGRAM INC

100 AIRPORT GARDENS RD STE 300
HAZARD,KY41701 		N/A PC EMPLOYMENT, TRAINING, AND NEW-OPPORTUNITY PATHWAYS FOR STUDENTS THROUGH RESEARCH-GUIDED APPROACHES 80,000

EVOLVE502

334 E BROADWAY
LOUISVILLE,KY402021739 		N/A PC EVOLVE502 SCHOLARS OPPORTUNITY GRANTS FOR CLASSES OF 2021 AND 2022 280,000

FAHE

319 OAK ST
BEREA,KY40403 		N/A PC FAHES CATALYZING LOCALLY-DRIVEN PARTNERSHIPS TO ADDRESS EKY BROADBAND NEEDS 100,000

FAMILY COMMUNITY CLINIC INC

1420 E WASHINGTON ST
LOUISVILLE,KY40206 		N/A PC FCC PRIMARY CARE HEALTH PROMOTION AND ILLNESS PREVENTION 100,000

FOUNDATION FOR APPALACHIAN KENTUCKY INC

420 MAIN STREET
HAZARD,KY41701 		N/A PC BUILDING A RURAL DEVELOPMENT HUB THROUGH LOCALLY CONTROLLED PHILANTHROPY 250,000

FOUNDATION FOR APPALACHIAN KENTUCKY INC

420 MAIN STREET
HAZARD,KY41701 		N/A PC THE L.I.F.T. FUND FOR APPALACHIAN KENTUCKY 150,000

GLOBAL ECONOMIC DIVERSITY DEVELOPMENT INITIATIVE

140 N 4TH ST
LOUISVILLE,KY40202 		N/A PC CAPACITY BUILDING FOR GEDDI 175,000

GRANTMAKERS FOR EDUCATION

851 SW 6TH AVE STE 350
PORTLAND,OR972041339 		N/A PC 2022 MEMBERSHIP DUES 4,200

GRANTMAKERS FOR EDUCATION

851 SW 6TH AVE STE 350
PORTLAND,OR972041339 		N/A PC 2022 GFE CONFERENCE 10,000

GREATER LOUISVILLE PROJECT

325 W MAIN ST STE 1110
LOUISVILLE,KY402024251 		  PC COMPLETION OF REPORTS AND GENERAL SUPPORT 25,000

GREATER LOUISVILLE WORKFORCE INVESTMENT BOARD INC

410 W CHESTNUT ST STE 200
LOUISVILLE,KY402022322 		N/A PC A TALENT DEVELOPMENT SYSTEM FOR THE LOUISVILLE REGION 300,000

HINDMAN SETTLEMENT SCHOOL INC

PO BOX 844
HINDMAN,KY41822 		N/A PC EMERGENCY GRANT FOR FLOOD RECOVERY 50,000

HOUSING DEVELOPMENT ALLIANCE INC

PO BOX 7284
HAZARD,KY41702 		N/A PC EMERGENCY FLOOD RESPONSE IN EASTERN KENTUCKY 225,000

HOUSING ORIENTED MINISTRIES

65 BENTLEY AVE
WHITESBURG,KY41858 		N/A PC EMERGENCY FLOOD RESPONSE IN EASTERN KENTUCKY 225,000

I WOULD RATHER BE READING

609 W MAIN ST STE 306
LOUISVILLE,KY40202 		N/A PC READ TO LEAD SUMMER CAMP 15,000

ISAAC W BERNHEIM FOUNDATION INC

PO BOX 130 HIGHWAY 245
CLERMONT,KY40110 		N/A PC PLAYCOSYSTEM: CREATING NATURES PLAYGROUND 741,180

J B SPEED ART MUSEUM

2035 S THIRD ST
LOUISVILLE,KY40208 		N/A PC THE SPEED ART PARK 250,000

J B SPEED ART MUSEUM

2035 S THIRD ST
LOUISVILLE,KY40208 		N/A PC 2022 BFP SERVICE WEEK 3,000

JESSIE E BARNETT JR ENRICHMENT CENTER AKA JEB STUDENT ATHLETE ENRICHME

2041 RIVER RD
LOUISVILLE,KY40206 		N/A PC BRIDGE BUILDER PROGRAM 15,000

JEWISH FAMILY & CAREER SERVICES OF LOUISVILLE INC

2821 KLEMPNER WAY
LOUISVILLE,KY40205 		N/A PC JFCS NAVIGATE 350,000

KENTUCKY CHESS AMBASSADORS INC

PO BOX 35052
LOUISVILLE,KY40232 		N/A PC 1ST ANNUAL SPOTLIGHT ON LEARNING SUMMER CAMP 15,000

KENTUCKY COMMUNITY AND TECHNICAL COLLEGE SYSTEM FOUNDATION INC

300 NORTH MAIN ST
VERSAILLES,KY40383 		N/A PC HAZARD COMMUNITY AND TECHNICAL COLLEGE SUCCESS ZONE 475,412

KENTUCKY COUNCIL ON POSTSECONDARY EDUCATION

100 AIRPORT RD 3RD FLOOR
FRANKFORT,KY40601 		N/A GOV KENTUCKY STUDENT SUCCESS COLLABORATIVE 628,978

KENTUCKY REFUGEE MINISTRIES

969B CHEROKEE RD
LOUISVILLE,KY40204 		N/A PC 2022 BFP SERVICE WEEK 3,000

LEADERSHIP LOUISVILLE FOUNDATION INC

711 W MAIN ST UNIT AA
LOUISVILLE,KY40202 		N/A PC LOUISVILLE: THE NATIONAL VOICE OF CIVIC LEADERSHIP 95,000

LEGAL AID SOCIETY INC

416 W MUHAMMAD ALI BLVD STE 300
LOUISVILLE,KY40202 		N/A PC LEGAL AID NETWORK OF KENTUCKY TECHNOLOGY UPGRADE 250,000

LOUISVILLE URBAN LEAGUE

1535 W BROADWAY
LOUISVILLE,KY402033515 		N/A PC LOUISVILLE URBAN LEAGUE CENTER FOR WORKFORCE DEVELOPMENT 150,000

LOUISVILLE YOUTH PHILANTHROPY COUNCIL INC

11805 LAKESTONE WAY
PROSPECT,KY40059 		N/A PC LOUISVILLE YOUTH PHILANTHROPY COUNCIL'S NEW BEGINNINGS CAMPAIGN 75,000

LOUISVILLE ZOO FOUNDATION INC

PO BOX 37250
LOUISVILLE,KY40233 		N/A SO I 2022 BFP SERVICE WEEK 3,000

MAYFIELD GRAVES LTRG INC

1365 LUISA LANE
MAYFIELD,KY42066 		N/A PC RENOVATION OF HOUSES FOR TORNADO VICTIMS 500,000

MUHAMMAD ALI MUSEUM AND EDUCATION CENTER

144 N SIXTH ST
LOUISVILLE,KY40202 		N/A PC CITY OF ALI 50,000

NEIGHBORHOOD HOUSE

201 N 25TH STREET
LOUISVILLE,KY40212 		N/A PC A STRONG FOUNDATION FOR NEIGHBORHOOD HOUSE 125,000

NEW DIRECTIONS HOUSING CORPORATION

1617 MAPLE ST
LOUISVILLE,KY40210 		N/A PC REPAIR AFFAIR AGING IN PLACE 400,000

OLD BARDSTOWN VILLAGE

310 E BROADWAY
BARDSTOWN,KY40004 		N/A PC RESTORATION OF THE COLONIAL VILLAGE 15,000

PHILANTHROPY ROUNDTABLE

1120 20TH ST NW SUITE 550 SOUTH
WASHINGTON,DC200363580 		N/A PC 2022 ANNUAL DUES 10,000

PHILANTHROPY SOUTHEAST

100 PEACHTREE ST NW STE 2080
ATLANTA,GA30303 		N/A PC 2022 MEMBERSHIP RENEWAL 12,290

PHILANTHROPY SOUTHEAST

100 PEACHTREE ST NW STE 2080
ATLANTA,GA30303 		  PC MARTIN LEHFELDT BOOKS FOR PHILANTHROPY SOUTHEAST MEETING ATTENDEES 5,000

PISGAH COMMUNITY HISTORIC ASSOCIATION

2485 PISGAH PIKE
VERSAILLES,KY40383 		N/A PC DONATION IN MEMORY OF WHITNEY DUNLAP CHANDLER 500

PORTLAND MUSEUM INC

2308 PORTLAND AVE
LOUISVILLE,KY40212 		N/A PC AHOY, ADVENTURE HOUSE OF YOU: A BOLD CAPITAL CAMPAIGN 500,000

SIMMONS COLLEGE OF KENTUCKY

1018 SOUTH 7TH ST
LOUISVILLE,KY40203 		N/A PC ADVANCING SCKY WITH THE ADDITION OF KEY STAFFING POSITIONS 604,725

SOUTHWEST FAMILY MINISTRIES

4208 LAKE DREAMLAND RD
LOUISVILLE,KY40216 		N/A PC SUMMER TUTORING PROGRAM 15,000

SOWING SEEDS WITH FAITH

2925 BANK ST
LOUISVILLE,KY40212 		N/A PC SOWING SEEDS WITH FAITH SUMMER PROGRAM 15,000

THE FOOD LITERACY PROJECT AT OXMOOR FARM INC

9001 LIMEHOUSE LN
LOUISVILLE,KY40220 		N/A PC ROOTED IN COMMUNITY 125,000

THE HOUSING PARTNERSHIP INC

1512 CRUMS LANE NO 401
LOUISVILLE,KY40216 		N/A PC BEYOND 9TH: REVITALIZING WEST LOUISVILLE THROUGH STRATEGIC HOMEOWNERSHIP 516,500

THE MORTON CENTER

1028 BARRET AVE
LOUISVILLE,KY40204 		N/A PC PRESERVING FAMILY 150,000

UNIVERSITY OF LOUISVILLE FOUNDATION

215 CENTRAL AVENUE SUITE 212
LOUISVILLE,KY40208 		N/A PC ENHANCING UNDERGRADUATE STUDENT SUCCESS THROUGH PEER ENGAGEMENT IN HIGH-IMPACT COURSES. 815,030

UNIVERSITY OF LOUISVILLE FOUNDATION

215 CENTRAL AVENUE SUITE 212
LOUISVILLE,KY40208 		N/A PC 2022 BROWN FELLOWS PROGRAM 668,492

UNIVERSITY OF LOUISVILLE FOUNDATION

215 CENTRAL AVENUE SUITE 212
LOUISVILLE,KY40208 		N/A PC PLANNING GRANT FOR CLIMATE SUMMIT 10,000

USA CARES INC

11760 COMMONWEALTH DR
LOUISVILLE,KY40299 		N/A PC USA CARES HEADQUARTERS BUILDING 250,000

WELLSPRING INC

PO BOX 1927
LOUISVILLE,KY40201 		N/A PC AFFORDABLE, SUPPORTIVE HOUSING FOR HOMELESS ADULTS WITH SERIOUS MENTAL ILLNESS 1,000,000

YOUNG ADULT DEVELOPMENT IN ACTION INC

PO BOX 638
LOUISVILLE,KY40201 		N/A PC SMOKETOWN HOPEBOX 500,000
Total .................................right arrow 3a 16,117,272
bApproved for future payment

FOUNDATION FOR APPALACHIAN KENTUCKY INC
420 MAIN STREET
HAZARD,KY41701 		N/A PC BUILDING A RURAL DEVELOPMENT HUB THROUGH LOCALLY CONTROLLED PHILANTHROPY 500,000

J B SPEED ART MUSEUM
2035 S THIRD ST
LOUISVILLE,KY40208 		N/A PC THE SPEED ART PARK 1,250,000

WELLSPRING INC
PO BOX 1927
LOUISVILLE,KY40201 		N/A PC AFFORDABLE, SUPPORTIVE HOUSING FOR HOMELESS ADULTS WITH SERIOUS MENTAL ILLNESS 500,000
Total ................................. right arrow 3b 2,250,000
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 ........... 		    14 128,344  
4 Dividends and interest from securities ....     14 4,978,636  
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 .....     14 106,370  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,606,388  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aDEFERRED INCOME TAX BENEFIT 		    14 800,000  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 7,619,738 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,619,738
(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.
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with the preparer shown below?
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 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 AccountingFeesSchedule
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 45,000 22,500   22,500

TY 2022 InvestmentsCorpStockSchedule
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Name of Stock End of Year Book Value End of Year Fair Market Value
INDIVIDUAL EQUITIES - DETAIL MAINTAINED 18,765,581 18,765,581

TY 2022 InvestmentsOtherSchedule2
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER ALTERNATIVE INVESTMENTS - DETAIL MAINTAINED FMV 89,631,538 89,631,538
MUTUAL FUNDS AND EXCHANGE TRADED FUNDS - DETAIL MAINTAINED FMV 199,836,901 199,836,901
TIMBERLANDS, TIMBER AND MINERAL RIGHTS FMV 2,960,000 2,960,000

TY 2022 LandEtcSchedule2
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LEASEHOLD IMPROVEMENTS 26,768 8,285 18,483 18,483
FURNITURE & EQUIPMENT 209,250 98,400 110,850 110,850


TY 2022 LegalFeesSchedule
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 54,264 30,044   24,220


TY 2022 OtherAssetsSchedule
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
NUVEEN RECEIVABLE 112,154 156,321 156,321
HILLIARD LYONS RECEIVABLE 9,869 12,088 12,088
US BANK RECEIVABLE   564 564
OPERATING LEASE RIGHT-OF-USE ASSET   555,643 555,643


TY 2022 OtherDecreasesSchedule
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Description Amount
UNREALIZED LOSS ON INVESTMENTS 57,491,098


TY 2022 OtherExpensesSchedule
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE SUPPLIES AND EXPENSE 28,981 0   28,981
TECHNOLOGY EXPENSE 77,896 0   77,896
TELEPHONE EXPENSE 6,345 0   6,345
DUES & SUBSCRIPTIONS 5,750 0   5,750
ENVIRONMENTAL MATTERS 293,457 0   0
MISCELLANEOUS 444 0   444
PASSTHROUGH DEDUCTIONS 0 1,737,221   0
INSURANCE 92,356 17,548   67,420
BROWN FELLOWS PROGRAM 2,769 0   2,769


TY 2022 OtherIncomeSchedule2
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OIL ROYALTIES & BONUSES 17,665 17,665 17,665
K-1 OTHER INCOME   648,021  
OTHER INCOME 88,705 88,705 88,705
DEFERRED INCOME TAX BENEFIT 800,000   800,000


TY 2022 OtherLiabilitiesSchedule
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED FEDERAL EXCISE TAX LIABILITY 1,600,000 800,000
OPERATING LEASE LIABILITY 0 555,643


TY 2022 OtherProfessionalFeesSchedule
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING SERVICES 95,756 16,193   79,563
INVESTMENT FEES 578,268 578,268   0


TY 2022 TaxesSchedule
Name:
JAMES GRAHAM BROWN FOUNDATION INC
EIN:
61-0724060
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROPERTY TAXES 3,646 912   2,734
FEDERAL EXCISE TAX 153,494 0   0
TAX FROM PASSTHROUGH 0 91,865   0