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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
W L LYONS BROWN JR CHARITABLE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)CO WYATT 500 W JEFFERSON 2800
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY40202
A Employer identification number

61-1233038
B Telephone number (see instructions)

(502) 589-5235
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$95,049,625J 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... 1,311,250 1,311,250  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,988,398
b Gross sales price for all assets on line 6a 10,832,362
7 Capital gain net income (from Part IV, line 2)... 2,986,286
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
28,886 31,507  
12 Total. Add lines 1 through 11........ 4,328,534 4,329,043  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,000 7,333   3,667
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
81,997 54,665   27,332
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
66,010 9,496   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
109,352 108,921   48
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 268,359 180,415   31,047
25 Contributions, gifts, grants paid....... 4,386,125 4,386,125
26 Total expenses and disbursements. Add lines 24 and 25 4,654,484 180,415   4,417,172
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -325,950
b Net investment income (if negative, enter -0-) 4,148,628
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,351,132 1,350,586 1,350,586
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,922,396 Click to see attachment
List of Attached Documents:
// Content
3,931,118 		3,943,448
b Investments—corporate stock (attach schedule)....... 26,791,943 Click to see attachment
List of Attached Documents:
// Content
26,364,812 		83,222,880
c Investments—corporate bonds (attach schedule)....... 2,485,627 Click to see attachment
List of Attached Documents:
// Content
2,329,517 		2,290,262
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).......... 2,506,593 Click to see attachment
List of Attached Documents:
// Content
2,733,004 		4,242,449
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,057,691 36,709,037 95,049,625
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........ 17,762,156 17,436,206
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 19,295,535 19,272,831
29 Total net assets or fund balances (see instructions)..... 37,057,691 36,709,037
30 Total liabilities and net assets/fund balances (see instructions). 37,057,691 36,709,037
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
37,057,691
2
Enter amount from Part I, line 27a .....................
2
-325,950
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
36,731,741
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
22,704
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
36,709,037
Form 990-PF (2023)
Form 990-PF (2023)
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 - 8G2380 P    
b PUBLICLY TRADED SECURITIES - 8G2380 P    
c PUBLICLY TRADED SECURITIES - CASH LIQUIDATION DISTRIBUTIONS 8G2380 P    
d PUBLICLY TRADED SECURITIES - 8M7858 P    
e PUBLICLY TRADED SECURITIES - 8M7858 P    
PUBLICLY TRADED SECURITIES - 8M4353 P    
PUBLICLY TRADED SECURITIES - 8M4353 P    
PUBLICLY TRADED SECURITIES - NN1398 P    
PARTNERSHIP ST GAINS P    
PARTNERSHIP LT GAINS P    
PARTNERSHIP 1231 GAINS P    
PARTNERSHIP 1202 GAINS - 100% EXCLUSION P    
Capital Gains Dividends P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 342,824   356,635 -13,811
b 1,196,849   937,937 258,912
c 105     105
d 65,728   70,742 -5,014
e 480,768   353,766 127,002
2,188,028   2,236,090 -48,062
2,912,600   3,144,410 -231,810
3,479,070   738,208 2,740,862
6,382     6,382
138,602   2,112 136,490
14,930     14,930
6,176   6,176 0
300     300
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       -13,811
b       258,912
c       105
d       -5,014
e       127,002
      -48,062
      -231,810
      2,740,862
      6,382
      136,490
      14,930
      0
      300
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 2,986,286
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 57,666
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 57,666
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 57,666
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 50,503
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 55,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 105,503
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 272
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 47,565
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow47,565 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowKY
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 2023 or the taxable year beginning in 2023? 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
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 arrowN/A
14
The books are in care ofright arrowBESSEMER TRUST Telephone no.right arrow (516) 508-9623

Located atright arrow1271 AVENUE OF THE AMERICAS 42ND FLNEW YORKNY ZIP+4right arrow10020
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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)
 
No
(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
 
 
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ALICE CARY BROWN PRESIDENT/DIRECTOR
5.00 		0 0 0
500 WEST JEFFERSON STSTE 2800
LOUISVILLE,KY40202
STUART R BROWN SECRETARY/TREASURER
5.00 		0 0 0
500 WEST JEFFERSON STSTE 2800
LOUISVILLE,KY40202
WL LYONS BROWN III DIRECTOR
5.00 		0 0 0
500 WEST JEFFERSON STSTE 2800
LOUISVILLE,KY40202
A CARY BROWN EPSTEIN DIRECTOR
5.00 		0 0 0
500 WEST JEFFERSON STSTE 2800
LOUISVILLE,KY40202
WL LYONS BROWN JRDEC'D 692024 DIRECTOR
5.00 		0 0 0
500 WEST JEFFERSON STSTE 2800
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
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
NONE
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  
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 (2023)
Form 990-PF (2023)
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
98,985,959
b
Average of monthly cash balances.......................
1b
907,107
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
99,893,066
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
99,893,066
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,498,396
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
98,394,670
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,919,734
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
4,919,734
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
57,666
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
969
c
Add lines 2a and 2b............................
2c
58,635
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,861,099
4
Recoveries of amounts treated as qualifying distributions................
4
6,350
5
Add lines 3 and 4............................
5
4,867,449
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
4,867,449
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
4,417,172
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,417,172
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 4,867,449
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021...... 636,485
e From 2022...... 57,062
f Total of lines 3a through e ........ 693,547
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,417,172
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 4,417,172
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 450,277 450,277
(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 5 243,270
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		243,270
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 186,208
d Excess from 2022.... 57,062
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
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

1 FOR THE PLANET

50 LAKESIDE AVE
BURLINGTON,VT05401 		N/A PUBLIC GENERAL EXEMPT PURPOSE 33,333

564 PARK AVENUE PRESERVATION FOUNDATION

564 PARK AVE
NEW YORK,NY10065 		N/A PUBLIC GENERAL EXEMPT PURPOSE 50,000

AMAZON BIODIVERSITY CENTER

PO BOX 96503
WASHINGTON,DC20090 		N/A PUBLIC GENERAL EXEMPT PURPOSE 100,000

AMERICAN AUSTRIAN FOUNDATION

150 E 42ND STREET 42ND FLOOR
NEW YORK,NY10017 		N/A PUBLIC GENERAL EXEMPT PURPOSE 6,300

AMERICAN FARMLAND TRUST

1150 Connecticut Ave NW
WASHINGTON,DC20036 		N/A PubLIC GENERAL EXEMPT PURPOSE 50,000

ARC ATHENS

217 E 70TH ST 801
NEW YORK,NY10021 		N/A PUBLIC GENERAL EXEMPT PURPOSE 70,000

BERKSHIRE SCHOOL

245 N UNDERMOUNTAIN ROAD
SHEFFIELD,MA01257 		N/A PUBLIC GENERAL EXEMPT PURPOSE 3,000

CENTRAL PARK CONSERVANCY

14 E 60TH ST FLOOR 8
NEW YORK,NY10022 		N/A PUBLIC GENERAL EXEMPT PURPOSE 6,000

CERES INC

99 CHAUNCY STREET 6TH FLOOR
BOSTON,MA02111 		N/A PUBLIC GENERAL EXEMPT PURPOSE 30,000

CHURCH OF BETHESDA-BY-THE-SEA

141 S COUNTY ROAD
PALM BEACH,FL33480 		N/A PUBLIC GENERAL EXEMPT PURPOSE 3,000

COASTAL CONSERVATION LEAGUE

131 SPRING STREET
CHARLESTON,SC29403 		N/A PUBLIC GENERAL EXEMPT PURPOSE 25,000

COLORADO WATER TRUST

1312 17TH STREET 766
DENVER,CO80202 		N/A PUBLIC GENERAL EXEMPT PURPOSE 15,000

COMMUNITY CENTER FOR THE ARTS

240 S GLENWOOD ST
JACKSON,WY83012 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,000

COMMUNITY FOUNDATION OF JACKSON HOLE

245 E SIMPSON AVE POBOX 574
JACKSON,WY83001 		N/A PUBLIC GENERAL EXEMPT PURPOSE 100,000

COMMUNITY FOUNDATION OF LOUISVILLE

325 WEST MAIN STREET SUITE 1110
LOUISVILLE,KY40202 		N/A PUBLIC GENERAL EXEMPT PURPOSE 140,000

COOMBS OUTDOORS

PO BOX 7665
JACKSON,WY83002 		N/A PUBLIC GENERAL EXEMPT PURPOSE 25,000

CRC RECOVERY FOUNDATION INC

309 NE 1ST ST
DELRAY BEACH,FL33483 		N/A PUBLIC GENERAL EXEMPT PURPOSE 500

DZI FOUNDATION

565 SHERMAN ST 7
RIDGWAY,CO81432 		N/A PUBLIC GENERAL EXEMPT PURPOSE 22,500

EARTH SCHOOL EDUCATIONAL FOUNDATION

555 N CENTRAL AVE SUITE 402P
PHOENIX,AZ85004 		N/A PUBLIC GENERAL EXEMPT PURPOSE 10,500

EDMEE FIRTH FUND FOR RESEARCH (OVARIAN CANCER RESEARCH ALLIANCE)

PO BOX 23113
NEW YORK,NY100873113 		N/A PUBLIC GENERAL EXEMPT PURPOSE 100

FILSON HISTORICAL SOCIETY

1310 S THIRD ST
LOUISVILLE,KY40208 		N/A PUBLIC GENERAL EXEMPT PURPOSE 20,000

FISHERS ISLAND COMMUNITY CENTER

66 HOUND LANE
FISHERS ISLAND,NY06390 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,000

FISHERS ISLAND FIRE DEPT

PO BOX 123
FISHERS ISLAND,NY06390 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,000

FLORIDA COALITION FOR PRESERVATION

235 NE 6TH AVENUE
DELRAY BEACH,FL33483 		N/A PUBLIC GENERAL EXEMPT PURPOSE 5,000

FOCUSED ULTRASOUND FOUNDATION

1230 CEDARS COURT SUITE 206
CHARLOTTESVILLE,VA22903 		N/A PUBLIC GENERAL EXEMPT PURPOSE 10,000

FRICK COLLECTION

1 E 70TH STREET
NEW YORK,NY10021 		N/A PUBLIC GENERAL EXEMPT PURPOSE 148,400

FRIENDS OF HIGH CAMP

820 WASHINGTON STREET
NEW YORK,NY10014 		N/A PUBLIC GENERAL EXEMPT PURPOSE 15,000

FUND FOR PARK AVENUE

445 PARK AVENUE
NEW YORK,NY10022 		N/A PUBLIC GENERAL EXEMPT PURPOSE 2,000

GRAND TETON NATIONAL PARK FOUNDATION

PO BOX 249
MOOSE,WY83012 		N/A PUBLIC GENERAL EXEMPT PURPOSE 25,000

HARMONY FOUNDATION

1600 FISH HATCHERY ROAD
ESTES PARK,CO80517 		N/A PUBLIC GENERAL EXEMPT PURPOSE 37,500

HENRY L FERGUSON MUSEUM

PO BOX 554
FISHERS ISLAND,NY06390 		N/A PUBLIC GENERAL EXEMPT PURPOSE 110,000

IFKHM

623 FIFTH AVENUE 24TH FLOOR
NEW YORK,NY10022 		N/A PUBLIC GENERAL EXEMPT PURPOSE 7,000

ISLAND HEALTH PROJECT

PO BOX 344
FISHERS ISLAND,NY06390 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,000

ISLE OF PALMS COMMUNITY CORPORATION

PO BOX 131
ISLE OF PALMS,SC29451 		N/A PUBLIC GENERAL EXEMPT PURPOSE 3,000

LAUNCH PAD FOUNDATION

604 GALLATIN AVE STE 206
NASHVILLE,TN37206 		N/A PUBLIC GENERAL EXEMPT PURPOSE 75,000

LIBERTY HALL HISTORIC SITE

202 WILKINSON ST
FRANKFORT,KY40601 		N/A PUBLIC GENERAL EXEMPT PURPOSE 250

LIGHTHOUSE WORKS INC

1070 MOUNTAUK AVE 385
FISHERS ISLAND,NY06390 		N/A PUBLIC GENERAL EXEMPT PURPOSE 30,000

MARA ELEPHANT PROJECT

4000 W 106TH STREET SUITE 125-238
CARMEL,IN46032 		N/A PUBLIC GENERAL EXEMPT PURPOSE 250

MEMORIAL SLOAN-KETTERING CANCER CENTER

PO BOX 27106
NEW YORK,NY10087 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,000

METROPOLITAN MUSEUM OF ART

1000 FIFTH AVENUE
NEW YORK,NY10028 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,208,735

METROPOLITAN OPERA

30 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		N/A PUBLIC GENERAL EXEMPT PURPOSE 7,350

MUSEUM OF MODERN ART

11 W 53RD STREET
NEW YORK,NY10019 		N/A PUBLIC GENERAL EXEMPT PURPOSE 5,100

NATIONAL AUDUBON SOCIETY

225 Varick St
NEW YORK,NY10014 		N/A PUBLIC GENERAL EXEMPT PURPOSE 100,000

NATIONAL TRUST FOR HISTORIC PRESERVATION

600 14TH STREET NW SUITE 500
WASHINGTON,DC20005 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,000

NATURE CONSERVANCY IN COLORADO

3350 TURKEY CANYON ROAD
COLORADO SPRINGS,CO80926 		N/A PUBLIC GENERAL EXEMPT PURPOSE 75,000

NATURE CONSERVANCY IN SOUTH CAROLINA

4245 N FAIRFAX DRIVE SUITE 100
ARLINGTON,VA22203 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,000

NEUE GALERIE NEW YORK

1048 FIFTH AVENUE
NEW YORK,NY10028 		N/A PUBLIC GENERAL EXEMPT PURPOSE 790

NEW ART PUBLICATIONS INC

80 HANSON PLACE SUITE 703
BROOKLYN,NY11217 		N/A PUBLIC GENERAL EXEMPT PURPOSE 100,000

NEW YORK BOTANICAL GARDEN

2900 SOUTHERN BLVD
NEW YORK,NY10458 		N/A PUBLIC GENERAL EXEMPT PURPOSE 2,500

NEW YORK LANDMARKS CONVERVANCY INC

1 WHITEHALL ST FL 21
NEW YORK,NY10004 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,000

NEW YORK PHILARMONIC

10 LINCOLN CENTER PLAZA
NEW YORK,NY10023 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,200

NORTON MUSEUM OF ART INC

1450 S DIXIE HWY
WEST PALM BEACH,FL33401 		N/A PUBLIC GENERAL EXEMPT PURPOSE 24,000

NYU LANGONE HEALTH

550 1ST AVE
NEW YORK CITY,NY10016 		N/A PUBLIC GENERAL EXEMPT PURPOSE 5,000

PIEDMONT ENVIRONMENTAL COUNCIL

PO BOX 460
WARRENTON,VA20188 		N/A PUBLIC GENERAL EXEMPT PURPOSE 10,000

RIVER FIELDS INC

1201 STORY AVE STE 215
LOUISVILLE,KY40206 		N/A PUBLIC GENERAL EXEMPT PURPOSE 50,000

SALZBURG FESTIVAL SOCIETY

509 MADISON AVENUE
NEW YORK,NY10022 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,350

SCHWARZMAN ANIMAL MEDICAL CENTER

510 E 62 STREET
NEW YORK,NY10065 		N/A PUBLIC GENERAL EXEMPT PURPOSE 14,000

SLOW FOOD IN THE TETONS

1098 SHADOW LANE
VICTOR,ID83455 		N/A PUBLIC GENERAL EXEMPT PURPOSE 39,500

SOCIETY OF THE FOUR ARTS

100 FOUR ARTS PLAZA
PALM BEACH,FL33480 		N/A PUBLIC GENERAL EXEMPT PURPOSE 36,000

SOUTHERN ENVIRONMENTAL LAW CENTER

201 W Main St 14
CHARLOTTESVILLE,VA22902 		N/A PUBLIC GENERAL EXEMPT PURPOSE 13,667

SPANISCHE HOFREITSCHULE WIEN (SPANISH RIDING SCHOOL)

MICHAELERPLATZ 1
  VIENNA1010
AU 		N/A PRIVATE GENERAL EXEMPT PURPOSE 5,000

SPREAD THE LOVE COMMISSION

PO BOX 13743
JACKSON,WY83002 		N/A PUBLIC GENERAL EXEMPT PURPOSE 12,000

ST JAMES' CHURCH

865 MADISON AVENUE
NEW YORK,NY10021 		N/A PUBLIC GENERAL EXEMPT PURPOSE 3,000

ST JOHN'S CHURCH

2319 E BROAD STREET
RICHMOND,VA23223 		N/A PUBLIC GENERAL EXEMPT PURPOSE 1,200

ST JOSEPH'S INDIAN SCHOOL

1301 NORTH MAIN STREET
CHAMBERLAIN,SD57325 		N/A PUBLIC GENERAL EXEMPT PURPOSE 100

ST MARGARET'S EPISCOPAL CHURCH

14641 LA NOVIA
SAN JUAN CAPISTRANO,CA92675 		N/A PUBLIC GENERAL EXEMPT PURPOSE 25,000

STORM KING ART CENTER

1 MUSEUM RD
NEW WINDSOR,NY12553 		N/A PUBLIC GENERAL EXEMPT PURPOSE 325,000

SWEET BRIAR COLLEGE

PO BOX 1057
SWEET BRIAR,VA24595 		N/A PUBLIC GENERAL EXEMPT PURPOSE 200,000

TELLURIDE ARTS

PO BOX 152
TELLURIDE,CO81435 		N/A PUBLIC GENERAL EXEMPT PURPOSE 75,000

TELLURIDE MOUNTAIN CLUB

200 SAN MIGUEL RIVER DRIVE
TELLURIDE,CO81435 		N/A PUBLIC GENERAL EXEMPT PURPOSE 26,500

TELLURIDE MOUNTAINFILM

PO BOX 1088
TELLURIDE,CO81435 		N/A PUBLIC GENERAL EXEMPT PURPOSE 50,000

TELLURIDE NORDIC ASSOCIATION

PO BOX 1784
TELLURIDE,CO81435 		N/A PUBLIC GENERAL EXEMPT PURPOSE 5,000

TETON COUNTY SEARCH AND RESCUE FOUNDATION

PO BOX 1063
JACKSON,WY83001 		N/A PUBLIC GENERAL EXEMPT PURPOSE 200,000

UNIVERSITY OF GEORGIA

394 S MILLEDGE AVE
ATHENS,GA30602 		N/A PUBLIC GENERAL EXEMPT PURPOSE 200,000

UNIVERSITY OF VIRIGNIA

PO BOX 400314
CHARLOTTESVILLE,VA22904 		N/A PUBLIC GENERAL EXEMPT PURPOSE 46,000

UNIVERSITY OF WYOMING

1501 STAMPEDE AVE UNIT 9032
CODY,WY82414 		N/A PUBLIC GENERAL EXEMPT PURPOSE 172,500

UVA COLLEGE OF ARTS & SCIENCES ANNUAL FUND

2410 OLD IVY ROAD SUITE 100
PO BOX,VA22904 		N/A PUBLIC GENERAL EXEMPT PURPOSE 5,000

UVA FUND

PO BOX 400314
CHARLOTTESVILLE,VA22904 		N/A PUBLIC GENERAL EXEMPT PURPOSE 21,000

WILDLIFE CONSERVATION SOCIETY

2300 SOUTHERN BOULEVARD
BRONX,NY10460 		N/A PUBLIC GENERAL EXEMPT PURPOSE 7,500

WINTERTHUR MUSEUM ANNUAL FUND

5105 KENNETT PIKE
WILIMGTON,DE19735 		N/A PUBLIC GENERAL EXEMPT PURPOSE 500

WINTERTHUR MUSEUM GARDEN & LANDSCAPE

5105 KENNETT PIKE
WILIMGTON,DE19735 		N/A PUBLIC GENERAL EXEMPT PURPOSE 30,000

WOODBERRY FOREST SCHOOL

898 WOODBERRY ROAD
WOODBERRY FOREST,VA22989 		N/A PUBLIC GENERAL EXEMPT PURPOSE 20,000

WOODWELL CLIMATE RESEARCH CENTER

149 WOODs Hole Rd
FALMOUTH,MA02540 		N/A PUBLIC GENERAL EXEMPT PURPOSE 25,000

WORLD MONUMENTS FUND

350 FIFTH AVENUE SUITE 2412
NEW YORK,NY10118 		N/A PUBLIC GENERAL EXEMPT PURPOSE 25,000

YEW DELL BOTANICAL GARDENS

6220 OLD LAGRANGE RD
CRESTWOOD,KY40014 		N/A PUBLIC GENERAL EXEMPT PURPOSE 25,000
Total .................................right arrow 3a 4,386,125
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 1,311,250  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		523000 2,112 18 2,986,286  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP INTEREST/DIVIDENDS 		      33,738  
bPARTNERSHIP INTEREST/DIVIDENDS 523000 4,012      
cPARTNERSHIP OTHER INCOME       -2,231  
dPARTNERSHIP OTHER INCOME - PAL LIMITATION       -6,633  
e
12 Subtotal. Add columns (b), (d), and (e) .. 6,124 4,322,410 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,328,534
(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 (2023)
Form 990-PF (2023)
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 (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
W L LYONS BROWN JR CHARITABLE FOUNDATION
EIN:
61-1233038
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREP FEES 11,000 7,333   3,667

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

TY 2023 ExpenditureResponsibilityStmt
Name:
W L LYONS BROWN JR CHARITABLE FOUNDATION
EIN:
61-1233038
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
SPANISCHE HOFREITSCHULE WIEN (SPANISH RIDING SCHOOL)
  		MICHAELERPLATZ 1
  VIENNA1010
AU 		2022-05-05 5,000 THE SPANISH RIDING SCHOOL HAS AGREED TO MAINTAIN ALL GRANT PAYMENTS RECEIVED FROM THE FOUNDATION IN A SEPARATE, SEGREGATED FUND FROM WHICH AMOUNTS WILL BE EXPENDED SOLELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATION PURPOSES. THE SCHOOL HAS AGREED TO MAKE EXPENDITURES FOR ITS EDUCATION, SCIENTIFIC, CHARITABLE AND SIMILAR PURPOSES TOGETHER WITH ADMINISTRATIVE EXPENSES, NOT LATER THAN THE END OF THE PERIOD CONSISTING OF THE FISCAL YEAR IN WHICH THE SCHOOL RECEIVES ANY PAYMENT ON A GRANT FROM THE FOUNDATION.          

TY 2023 InvestmentsCorpBondsSchedule
Name:
W L LYONS BROWN JR CHARITABLE FOUNDATION
EIN:
61-1233038
Name of Bond End of Year Book Value End of Year Fair Market Value
65000.00 PAYPAL HOLDINGS INC 65,593 59,531
60000.00 PUBLIC SERVICE ENTERPRIS 60,054 62,967
60000.00 CITIGROUP INC 64,905 57,202
65000.00 XCEL ENERGY INC 65,979 63,453
43000.00 SHERWIN-WILLIAMS CO 44,759 41,863
65000.00 CHARLES SCHWAB CORP 64,811 60,511
60000.00 MOODY'S CORPORATION 59,911 58,433
65000.00 SOUTHERN CAL EDISON 64,994 63,239
65000.00 DTE ENERGY CO 65,107 64,170
65000.00 BANK OF NY MELLON CORP 65,000 61,997
60000.00 ABBVIE INC 60,970 58,941
40000.00 VALERO ENERGY CORP 40,018 39,591
41000.00 GENERAL MOTORS FINL CO 42,664 40,419
62000.00 STARBUCKS CORP 62,025 62,265
20000.00 GENERAL MOTORS FINL CO 20,689 19,672
60000.00 STRYKER CORP 59,881 56,756
65000.00 GOLDMAN SACHS GROUP INC 65,000 64,950
65000.00 FLORIDA POWER & LIGHT CO 64,368 65,127
59000.00 COMCAST CORP 58,353 59,306
60000.00 L3HARRIS TECH INC 59,511 61,262
60000.00 ENERGY TRANSFER LP 59,932 63,167
65000.00 PUBLIC STORAGE 65,180 58,459
60000.00 CHURCH & DWIGHT CO INC 61,902 57,459
22000.00 HP ENTERPRISE CO 23,343 21,923
65000.00 PNC FINANCIAL SERVICES 63,685 64,582
29000.00 JPMORGAN CHASE & CO 29,191 25,710
65000.00 WEC ENERGY GROUP INC 64,922 64,317
65000.00 ENERGY TRANSFER LP 64,405 64,494
40000.00 CIGNA CORP 35,293 37,079
65000.00 AIR LEASE CORP 64,403 66,705
60000.00 BANK OF AMERICA CORP 60,120 59,319
60000.00 CAPITAL ONE FINANCIAL CO 60,000 61,551
30000.00 BP CAP MARKETS AMERICA 29,908 30,274
24000.00 TOYOTA MOTOR CREDIT CORP 23,971 24,381
35000.00 D.R. HORTON INC 34,887 31,165
30000.00 JPMORGAN CHASE & CO 31,837 29,144
65000.00 WILLIAMS COMPANIES INC 60,275 62,657
36000.00 AMERICAN HONDA FINANCE 35,993 37,693
70000.00 WARNERMEDIA HOLDINGS INC 60,959 64,040
60000.00 MORGAN STANLEY 58,045 58,335
30000.00 AMAZON.COM INC 29,994 27,011
53000.00 PFIZER INVESTMENT ENTER 53,156 53,009
74000.00 SUMITOMO MITSUI FINL GRP 68,712 70,162
35000.00 BHP BILLITON FIN USA LTD 34,812 35,971

TY 2023 InvestmentsCorpStockSchedule
Name:
W L LYONS BROWN JR CHARITABLE FOUNDATION
EIN:
61-1233038
Name of Stock End of Year Book Value End of Year Fair Market Value
403.00 META PLATFORMS INC 70,191 142,645
1760.00 ALPHABET INC. CLASS A 72,325 245,854
260.00 LIVE NATION ENTERTMNT INC 18,691 24,336
1810.00 ALPHABET INC CLASS C 58,020 255,083
710.00 TAKE-2 INTERACTIVE 92,076 114,274
30.00 MERCADOLIBRE INC 46,611 47,146
68.00 LVMH MOET HENNESSY VUITTON 34,458 55,122
1700.00 AMAZON.COM INC 72,645 258,298
575.00 BATH & BODY WORKS INC 25,960 24,817
525.00 HILTON WORLDWIDE HOLDINGS 50,198 95,597
140.00 LOWES COS INC 29,052 31,157
69.00 POOL CORP 26,465 27,510
1132.00 DOLLARAMA INC 44,643 81,827
479.00 EXPEDIA GROUP INC 68,304 72,707
410.00 SELECT SECTOR SPDR TR SBI 67,766 73,312
132.00 BURLINGTON STORES INC 28,713 25,671
57.00 ULTA BEAUTY INC 26,198 27,929
1583.00 US FOODS HOLDING CORP 43,165 71,884
2450.00 ALIMENTATION COUCHE-TARD I 122,749 144,718
80.00 COSTCO WHSL CORP NEW 39,067 52,806
675.00 WALMART INC 86,043 106,413
350.00 PEPSICO INC 33,473 59,444
962.00 BJ'S WHOLESALE CLUB HOLDIN 61,135 64,126
43883.35 OW CREDIT INCOME FUND 438,925 355,893
249.00 PIONEER NATURAL RESOURCES 35,718 55,995
967.00 CHAMPIONX CORP 29,679 28,246
815.00 CONOCOPHILLIPS 35,258 94,597
2445.00 SCHLUMBERGER LTD 133,202 127,237
193.00 WEX INC 28,588 37,548
895.00 JPMORGAN CHASE & CO 138,641 152,239
510.00 BLACKSTONE INC 25,384 66,769
1071.00 VISA INC 93,662 278,834
288.00 S&P GLOBAL INC. 94,418 126,869
4280.00 BANK OF AMERICA CORP 56,787 144,107
925.00 INTERCONTINENTAL EXCHG INC 93,689 118,797
766.00 NASDAQ INC. 31,867 44,535
219.00 AON PLC 47,418 63,733
635.00 TRADEWEB MARKETS INC 42,450 57,708
1275.00 BROOKFIELD CORPORATION 40,217 51,153
434.00 DANAHER CORP 46,701 100,401
165.00 COOPER COS INC 56,402 62,442
144.00 VERALTO CORP 6,145 11,845
95.00 MEDPACE HOLDINGS 26,590 29,120
2363.00 AVANTOR INC 60,446 53,947
650.00 HEALTH CARE SELECT SPDR 87,134 88,647
148.00 TELEFLEX INC 49,907 36,902
485.00 IQVIA HOLDINGS INC 70,143 112,219
267.00 STERIS PLC 47,415 58,699
377.00 UNITEDHEALTH GROUP INC 98,138 198,479
695.00 CENCORA INC 116,465 142,739
199.00 THERMO FISHER SCIENTIFIC 27,842 105,627
440.00 ASHTEAD GROUP 31,407 30,605
1575.00 TRANSUNION 109,148 108,218
2500.00 COPART INC 70,354 122,500
334.00 CLEAN HARBORS INC 44,852 58,286
328.00 EQUIFAX INC 55,554 81,111
119.00 NORTHROP GRUMMAN CORP 42,577 55,708
445.00 EATON CORP PLC 63,142 107,164
214.00 LINCOLN ELEC HLDG 28,338 46,536
98.00 SAIA INC COM 21,195 42,945
1175.00 CANADIAN PACIFIC KANSAS CI 89,518 93,252
320.00 BOOZ ALLEN HAMILTON HLDGS 32,414 40,931
70.00 HEICO CORPORATION 9,257 12,520
2260.00 HOWMET AEROSPACE INC 81,903 122,311
231.00 CARLISLE COS 45,824 72,171
427.00 SMITH A O CORP 23,700 35,201
1299.00 WILLSCOT MOBILE MINI HOLDI 61,716 57,805
1275.00 ORACLE CORP 105,945 134,423
355.00 CDW CORP/DE 45,010 80,698
815.00 AMPHENOL CORP 38,417 80,790
81.00 ASM INTERNATIONAL NV 23,365 42,062
145.00 ASML HOLDING 74,193 109,225
2178.00 APPLE INC 29,315 419,330
105.00 SYNOPSYS INC 22,657 54,065
151.00 MANHATTAN ASSOCIATES INC 27,074 32,513
233.00 NVIDIA CORP 67,131 115,386
438.00 MOTOROLA SOLUTIONS INC 120,356 137,133
262.00 NICE LTD ADR 59,242 52,271
1150.00 MARVELL TECHNOLOGY INC 51,692 69,356
112.00 SERVICENOW INC 19,422 79,126
1374.00 MICROSOFT CORP 87,368 516,678
379.00 KEYSIGHT TECHNOLOGIES INC 61,011 60,295
623401.32 OW LARGE CAP STRATEGIES FD 9,790,692 10,822,246
320.00 VULCAN MATERIALS 57,021 72,643
310.00 SHERWIN-WILLIAMS CO 73,187 96,689
1800.00 ISHARES CHINA LRGE-CAP ETF 45,389 43,254
815.00 PROLOGIS INC 85,854 108,639
164669.87 OW SMALL & MIDCAP STRAT FD 2,348,930 2,540,856
1135.00 NEXTERA ENERGY INC 87,904 68,939
910.00 AMEREN CORP 59,392 65,829
1301.00 VERIZON COMMUNICATIONS 53,692 49,047
895.00 COMCAST CORP CL A NEW 49,974 39,245
160.00 META PLATFORMS INC 20,707 56,633
820.00 ALPHABET INC CLASS C 54,212 115,562
131.00 HOME DEPOT 21,254 45,398
985.00 AMAZON.COM INC 97,267 149,660
355.00 STARBUCKS CORP 26,559 34,083
230.00 ROSS STORES INC 21,059 31,829
265.00 GENUINE PARTS CO 24,318 36,702
119.00 MCDONALD'S CORP 19,827 35,284
670.00 PHILIP MORRIS INTL INC 68,176 63,033
85.00 THE HERSHEY COMPANY 9,640 15,847
1505.00 KENVUE INC 32,774 32,402
220.00 PROCTER & GAMBLE CO 19,776 32,238
135.00 TARGET CORP 23,644 19,226
320.00 WALMART INC 47,958 50,448
130.00 PEPSICO INC 12,302 22,079
60.00 COSTCO WHSL CORP NEW 19,514 39,604
620.00 COCA-COLA COMPANY 30,955 36,536
840.00 CHEVRON CORP 82,972 125,294
200.00 EXXON MOBIL CORP 22,846 19,996
752.00 JPMORGAN CHASE & CO 32,060 127,915
355.00 BLACKSTONE INC 17,509 46,476
871.00 TRUIST FINANCIAL CORP 32,715 32,157
300.00 VISA INC 46,429 78,105
640.00 METLIFE INC COM 40,241 42,323
1805.00 BANK OF AMERICA CORP 46,411 60,774
195.00 PRUDENTIAL FINANCIAL 15,305 20,223
168.00 ELEVANCE HEALTH INC 56,797 79,222
145.00 INTUITIVE SURGICAL 33,390 48,917
597.00 MERCK & CO INC NEW 40,396 65,084
227.00 MEDTRONIC PLC 19,905 18,700
503.00 ABBVIE INC 42,753 77,949
175.00 ZOETIS INC 35,391 34,539
95.00 LILLY ELI & CO 46,532 55,377
194.00 JOHNSON & JOHNSON 31,806 30,407
484.00 AGILENT TECHNOLOGIES 47,525 67,290
530.00 ABBOTT LABORATORIES 50,838 58,337
350.00 QUEST DIAGNOSTICS INC 39,915 48,258
127.00 NORTHROP GRUMMAN CORP 47,406 59,453
81.00 CATERPILLAR INC 17,174 23,949
165.00 AMETEK INC NEW 13,499 27,206
245.00 WASTE MANAGEMENT INC NEW 24,647 43,879
225.00 UNION PACIFIC CORP 31,868 55,264
235.00 EATON CORP PLC 17,966 56,592
138.00 AUTOMATIC DATA PROCESSING 19,230 32,149
45.00 DEERE & CO 6,767 17,994
63.00 LOCKHEED MARTIN CORP 15,511 28,554
395.00 HOWMET AEROSPACE INC 19,852 21,377
137.00 ILLINOIS TOOL WORKS INC 16,728 35,885
175.00 MOTOROLA SOLUTIONS INC 28,139 54,790
303.00 NVIDIA CORP 6,788 150,051
300.00 TEXAS INSTRUMENTS INC 27,054 51,138
1385.00 APPLE INC 74,725 266,654
420.00 TE CONNECTIVITY LTD 30,156 59,010
136.00 KLA CORPORATION 19,345 79,056
1004.00 MICROSOFT CORP 160,664 377,544
160.00 BROADCOM INC 75,103 178,600
645.00 FORTINET INC 19,045 37,751
190.00 AIR PRODUCTS & CHEMICALS 29,326 52,022
190.00 AMERICAN TOWER CORP 39,141 41,017
335.00 SIMON PROP GROUP 36,588 47,784
240.00 ALEXANDRIA REAL EST EQ INC 38,159 30,424
760.00 NEXTERA ENERGY INC 51,482 46,162
565.00 DUKE ENERGY HLDG CORP 53,142 54,827
415.00 WEC ENERGY GROUP INC 36,487 34,930
951809.00 BROWN FORMAN CORP CL B 6,490,401 54,348,293
51529.00 BROWN-FORMAN CORP "A" 14,430 3,070,613

TY 2023 InvestmentsGovtObligationsSch
Name:
W L LYONS BROWN JR CHARITABLE FOUNDATION
EIN:
61-1233038
US Government Securities - End of Year Book Value:

3,931,118
US Government Securities - End of Year Fair Market Value:

3,943,448
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 InvestmentsOtherSchedule2
Name:
W L LYONS BROWN JR CHARITABLE FOUNDATION
EIN:
61-1233038
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
133.76 5TH AVE MUL-STRAT OFF S1 AT COST 335,000 402,857
699399.61 5TH AVE PRIV EQUITY 15 T2 AT COST 599,260 861,523
348677.10 5TH AVE PRIV EQUITY 16 T2 AT COST 312,359 355,726
35518.26 5TH AVE PRIV EQUITY 17 T2 AT COST 30,138 36,921
614502.89 5TH AVE PRIV EQUITY 13 T2 AT COST 442,398 912,612
456556.17 5TH AVE PRIV EQUITY 14 T2 AT COST 399,862 724,955
261801.08 5TH AVE REAL ASSETS 3 T2 AT COST 112,373 215,858
266622.83 5TH AVE REAL ASSETS 5 T2 AT COST 226,843 277,784
371882.63 5TH AVE REAL ASSETS 4 T2 AT COST 274,771 454,213

TY 2023 OtherDecreasesSchedule
Name:
W L LYONS BROWN JR CHARITABLE FOUNDATION
EIN:
61-1233038
Description Amount
BOOK TO TAX ADJUSTMENT 22,704


TY 2023 OtherExpensesSchedule
Name:
W L LYONS BROWN JR CHARITABLE FOUNDATION
EIN:
61-1233038
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
KENTUCKY FILING FEE 15 0   15
PARTNERSHIP INVESTMENT EXPENSES 108,921 108,921   0
PARTNERSHIP CHARITABLE 33 0   33
PARTNERSHIP NONDEDUCTIBLE EXPENSES 383 0   0


TY 2023 OtherIncomeSchedule2
Name:
W L LYONS BROWN JR CHARITABLE FOUNDATION
EIN:
61-1233038
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIP INTEREST/DIVIDENDS 33,738 33,738 33,738
PARTNERSHIP INTEREST/DIVIDENDS 4,012   4,012
PARTNERSHIP OTHER INCOME -2,231 -2,231 -2,231
PARTNERSHIP OTHER INCOME - PAL LIMITATION -6,633   -6,633


TY 2023 OtherProfessionalFeesSchedule
Name:
W L LYONS BROWN JR CHARITABLE FOUNDATION
EIN:
61-1233038
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT SERVICE FEES - BESSEMER 81,997 54,665   27,332


TY 2023 TaxesSchedule
Name:
W L LYONS BROWN JR CHARITABLE FOUNDATION
EIN:
61-1233038
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAYMENTS 53,591 0   0
FOREIGN TAXES PAID 2,173 721   0
STATE TAX WITHHOLDINGS 1,471 0   0
PARTNERSHIP TAX CREDITS 8,775 8,775   0