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
J L BEDSOLE FOUNDATION
REGIONS BANK CO-TRUSTEE
Number and street (or P.O. box number if mail is not delivered to street address)CO REGIONS BANK P O BOX 1628
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MOBILE, AL366331628
A Employer identification number

23-7225708
B Telephone number (see instructions)

(251) 690-1415
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$69,792,114J 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... 454,171 454,171  
5a Gross rents............ 11,400 11,400  
b Net rental income or (loss) 11,400
6a Net gain or (loss) from sale of assets not on line 10 7,106,897
b Gross sales price for all assets on line 6a 8,933,889
7 Capital gain net income (from Part IV, line 2)... 7,106,897
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
194,060 193,632  
12 Total. Add lines 1 through 11........ 7,766,528 7,766,100  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 235,516 156,395   79,121
14 Other employee salaries and wages...... 238,510 0   238,510
15 Pension plans, employee benefits....... 11,471 0   11,471
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
38,981 33,420   5,561
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,719 24,000   26,719
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
197,543 189,843   7,700
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
157,977 65,721   15,856
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 5,070 0   5,070
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
87,073 28,611   58,462
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,022,860 497,990   448,470
25 Contributions, gifts, grants paid....... 3,776,490 3,776,490
26 Total expenses and disbursements. Add lines 24 and 25 4,799,350 497,990   4,224,960
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,967,178
b Net investment income (if negative, enter -0-) 7,268,110
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 2 2
2 Savings and temporary cash investments......... 1,055,082 4,279,448 4,279,448
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 16,134,525 Click to see attachment
List of Attached Documents:
// Content
15,678,549 		24,512,102
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,347,013 Click to see attachment
List of Attached Documents:
// Content
3,453,401 		4,703,915
14 Land, buildings, and equipment: basis right arrow16,585,567
Less: accumulated depreciation (attach schedule) right arrow   16,444,541 16,585,567 36,296,647
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 36,981,163 39,996,967 69,792,114
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........ 36,981,163 39,996,967
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 36,981,163 39,996,967
30 Total liabilities and net assets/fund balances (see instructions). 36,981,163 39,996,967
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
36,981,163
2
Enter amount from Part I, line 27a .....................
2
2,967,178
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
48,626
4
Add lines 1, 2, and 3 ..........................
4
39,996,967
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
39,996,967
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 P    
b SECURITIES LITIGATION SETTLEMENTS P    
c 7 ACRES CLARKE COUNTY, AL P    
d TIMBER SALES P    
e 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 1,788,459   1,547,076 241,383
b 2,422     2,422
c 26,633   110 26,523
d 7,105,880   279,806 6,826,074
e 10,495     10,495
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       241,383
b       2,422
c       26,523
d       6,826,074
e       10,495
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 7,106,897
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) 1 101,027
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........................... 3 101,027
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- ..... 5 101,027
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 42,844
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 82,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 124,844
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 23,817
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow23,817 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 arrowAL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 arrowWWW.JLBEDSOLEFOUNDATION.ORG
14
The books are in care ofright arrowLOUIS WILCOX REGIONS BANK Telephone no.right arrow (251) 438-8044

Located atright arrow11 NORTH WATER STREET 28TH FLOORMOBILEAL ZIP+4right arrow36602
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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)
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 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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
REGIONS BANK TRUSTEE
40.00 		37,391 0 0
P O DRAWER 1628
MOBILE,AL36633
TRAVIS M BEDSOLE JR MBR DIST COMM & TRUSTEE
6.00 		75,000 0 0
259 RIDGELAWN DR W
MOBILE,AL36608
T BESTOR WARD III CHR DIST COMM & TRUSTEE
10.00 		85,000 0 0
PO BOX 81366
MOBILE,AL36608
JOHN WHITE-SPUNNER MBR DIST COMM
3.00 		3,625 0 0
PO BOX 7986
MOBILE,AL36670
WINTHROP M HALLETT III MBR DIST COMM
3.00 		14,500 0 0
475 PINE CT
MOBILE,AL36608
T BESTOR WARD IV MBR DIST COMM
3.00 		20,000 0 0
PO BOX 81366
MOBILE,AL36608
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
CHRISTOPHER L LEE DIRECTOR
40.00 		171,991 5,304 4,800
PO BOX 1628
MOBILE,AL36633
PATRICIA PATTON PROGRAM DIRECTOR
40.00 		60,179 1,805 0
PO BOX 1628
MOBILE,AL36633
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
PROFESSIONAL FORESTRY SERVICES REFORESTATION - PLANTING 109,298
7201 CHARLANDA BLVD
MOBILE,AL36695
SMITH DUKES & BUCKALEW ACCOUNTING AND IT SERVICES 50,906
3800 AIRPORT BLVD
MOBILE,AL36608
RED RIVER SPECIALTIES INC REFORESTATION - SITE PREP 50,028
529 GALLOWAY CIR
ALABASTER,AL35007
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 ADMINISTRATION OF SCHOLARS PROGRAM (84 COLLEGE/UNIVERSITY STUDENTS SERVED), ENTREPRENEURIAL PROGRAM, AND GRANTS TO EXEMPT ORGANIZATIONS 448,470
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
21,925,578
b
Average of monthly cash balances.......................
1b
2,169,992
c
Fair market value of all other assets (see instructions)................
1c
40,805,733
d
Total (add lines 1a, b, and c).........................
1d
64,901,303
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
64,901,303
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
973,520
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
63,927,783
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,196,389
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,196,389
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
101,027
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
101,027
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,095,362
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,095,362
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,095,362
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
4,224,960
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
4,224,960
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 3,095,362
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 969,600
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......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,224,960
a Applied to 2022, but not more than line 2a 969,600
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..... 3,095,362
e Remaining amount distributed out of corpus 159,998
5 Excess distributions carryover applied to 2023. 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 5 159,998
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 ...... 		159,998
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 159,998
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 e-mail address of the person to whom applications should be addressed:
MR CHRIS LEE EXECUTIVE DIRECTOR
POST OFFICE BOX 1137
MOBILE,AL36633
(251) 432-3369
bThe form in which applications should be submitted and information and materials they should include:
PROVIDE WRITTEN REQUEST SPECIFYING NAME, EXEMPT CLASSIFICATION OR CHARITABLE 501(C)(3) DESIGNATION, DETAILS OF REQUEST, SUBJECT TO ITEM (D) BELOW.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS AND AWARDS ARE MADE UNDER TWO CATEGORIES. 1)GRANTS ARE MADE TO QUALIFIED ORGANIZATIONS EXEMPT UNDER 501(C)(3) OR COMPARABLE CHARITABLE ORGANIZATION QUALIFICATION. SUCH GRANTS ARE RESTRICTED TO THOSE THAT WILL MOST EFFECTIVELY ASSIST AND PROMOTE THE WELL-BEING OF THE INHABITANTS OF THE STATE OF ALABAMA, PREFERABLY THOSE OF SOUTHWEST ALABAMA.2)THE JL BEDSOLE FOUNDATION INITIATED THE JL BEDSOLE SCHOLARS PROGRAM, WHICH WAS PRE-APPROVED BY THE EXEMPT ORG BRANCH OF THE IRS UNDER A DETERMINATION LETTER DATED 4/15/93. THE PROGRAM IS A LIMITED SCHOLARSHIP GRANT PROGRAM WHICH ANNUALLY AWARDS INITIAL SCHOLARSHIP GRANTS TO APPROXIMATELY 30 GRADUATING HIGH SCHOOL SENIORS WHO ARE ENROLLED IN A QUALIFYING ALABAMA UNIVERSITY, COLLEGE OR TECHNICAL SCHOOL. SUCH GRANTS ARE RENEWABLE FOR THE TERM OF THE GRANTEE'S UNDERGRADUATE COURSE OF STUDY IF CERTAIN QUALIFICATIONS ARE MET. THE GRANTS ARE AVAILABLE TO RESIDENTS OF 5 COUNTIES IN SOUTHWEST ALABAMA.
Form 990-PF (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

A EDUATION PARTNERSHIP

PO BOX 4433
MONTGOMERY,AL36103 		  PC ELEVATING STUDENT VOICES IN SW ALABAMA 10,000

ACADEMY OF CRAFT TRAINING

1830 28TH AVE S
BIRMINGHAM,AL35209 		  PC CAPITAL IMPROVEMENTS 250,000

ALABAMA FREE CLINIC

PO BOX 1284
BAY MINETTE,AL36507 		  PC OPERATING SUPPORT 5,000

ALABAMA SCHOOL OF MATH & SCIENCE

1255 DAUPHIN ST
MOBILE,AL36604 		  PC SCIENCE RESEARCH CENTER 150,000

ALABAMA WILDLIFE FEDERATION

3050 LANARK RD
MILLBROOK,AL36054 		  PC RESTORATION PROJECT 25,000

AUBURN UNIVERSITY

100 COMER HALL
AUBURN,AL36849 		  PC TRANSFORMATION GARDEN 200,000

BAYSHORE CHRISTIAN SCHOOL FOUNDATION

316 PRESBYTERIAN DR
FAIRHOPE,AL36532 		  PC COMPLETING PHASE 2 50,000

BELLINGRATH GARDENS AND HOME FOUNDATION

12401 BELLINGATH GARDEN RD
THEODORE,AL36582 		  PC VISITOR AND PROPERTY SAFETY 25,000

BIG BROTHERS BIG SISTERS OF SOUTH ALABAMA

3 S ROYAL ST STE 300
MOBILE,AL36602 		  PC MENTORING PROGRAMS 30,000

BOYS AND GIRLS CLUBS OF SOUTHWEST ALABAMA

PO BOX 158
THOMASVILLE,AL36784 		  PC BRIDGING THE GAP IN READING LITERACY 7,500

BREAST CANCER RESEARCH FOUNDATION OF AL

15 OFFICE PARK CIRCLE STE 140
BIRMINGHAM,AL35223 		  PC BREAST CANCER RESEARCH SUPPORT 5,000

BROAD STREET RESTORATION SOCIETY

PO BOX 15617
MOBILE,AL36616 		  PC CAPITAL IMPROVEMENTS 10,000

CAMILLE PLACE

PO BOX 1217
MONROEVILLE,AL36461 		  PC SECURITY FENCING 15,000

CAMP RAP-A-HOPE

PO BOX 1427
MOBILE,AL36633 		  PC SIBLING PROGRAM 8,150

CASA MOBILE INC

2315 COSTARIDES ST
MOBILE,AL36617 		  PC VOLUNTEER RECRUITMENT AND TRAINING 15,000

CITY OF THOMASVILLE

559 W FRONT ST
THOMASVILLE,AL36784 		  GOV THOMASVILLE CAREER READINESS CENTER 200,000

CLOTILDA DESCENDANTS ASSOCIATION

PO BOX 58151
MOBILE,AL36608 		  PC ARTS AND CULTURE IN AFRICATOWN 5,000

COASTAL ALABAMA PARTNERSHIP

PO BOX 881
MOBILE,AL36601 		  PC PROGRAM SUPPORT 150,000

COMMUNITY OF MOBILE INC

PO BOX 70212
MOBILE,AL36670 		  PC THE UNDERPASS 50,000

COUNTRY CLUB ESTATES NEIGHBORHOOD ASSN

PO BOX 81874
MOBILE,AL36689 		  PC SIDEWALK INITIATIVE 20,000

COVENANT ACADEMY OF MOBILE

4568 HALLS MILL RD
MOBILE,AL36693 		  PC OPERATING SUPPORT 25,000

DAUPHIN ISLAND SEA LAB FOUNDATION

PO BOX 82151
MOBILE,AL36689 		  PC DISCOVERY HALL PROGRAM COMPUTER LAB 20,000

DUMAS WESLEY COMMUNITY CENTER

126 MOBILE ST
MOBILE,AL36607 		  PC PROGRAM SUPPORT 25,000

EAGLE REEF

3725 CALDERWOOD DR
MOBILE,AL36608 		  PC BOY SCOUT PROJECT - MOBILE BAY REEFS 5,000

EXPLOREUM SCIENCE CENTER

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

FAIRHOPE EDUCATIONAL ENRICHMENT FDN

82 PLANTATION POINT 307
FAIRHOPE,AL36532 		  PC FEATHER THE NEST CAPITAL CAMPAIGN 50,000

FAMILY COUNSELING CENTER OF MOBILE INC

705 OAK CIRCLE DR E
MOBILE,AL36609 		  PC REVITALIZE LIFELINES 5,000

FAMILY PROMISE OF COASTAL ALABAMA INC

PO BOX 40881
MOBILE,AL36640 		  PC IHN EMERGENCY SHELTER 9,000

FRUITDALE HIGH SCHOOL ALUMNI ORGANIZATION

3870 DEER ARK BURBANK RD
VINEGAR BEND,AL36584 		  PC PIRATE PLAYGROUND 30,000

GOODWILL GULF COAST

2440 GORDON SMITH DR
MOBILE,AL36617 		  PC KALEIDOSCOPE EXPANSION PROJECT 10,000

GROVE HILL ARTS COUNCIL

124 MAIN ST
GROVE HILL,AL36451 		  PC ARTS OUTREACH EVENTS 5,000

GROVE HILL PUBLIC LIBRARY

108 DUBOSE AVE
GROVE HILL,AL36451 		  GOV READING AND COMMUNITY ENGAGEMENT PROGRAMS 10,000

GULF COAST SAXOPHONE ENSEMBLE

23255 OASIS BLVD
ROBERTSDALE,AL36567 		  PC ACQUISITION OF BASS SAXOPHONE 4,000

HOPE BOXING ACADEMY

1900 GOVERNMENT ST
MOBILE,AL36606 		  PC INSPIRING HOPE WITHIN 5,000

INFIRMARY FOUNDATION

PO BOX 2226
MOBILE,AL36652 		  PC BREAST CENTER EXPANSION 100,000

INFIRMARY FOUNDATION

PO BOX 2226
MOBILE,AL36652 		  PC INTERNAL MEDICINE RESIDENCY PROGRAM 100,000

J LARRY NEWTON SCHOOL

9761 COUNTY RD 32
FAIRHOPE,AL36532 		  PC UP TO DATE FACTS MATTER 5,000

LABOR OF LOVE

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

MAIN STREET MOBILE

PO BOX 112
MOBILE,AL36601 		  PC SCULPTURE FOR ISOM CLEMON CIVIL RIGHTS MEMORIAL PARK 5,000

MAIN STREET MOBILE

PO BOX 112
MOBILE,AL36601 		  PC HISTORIC MOBILE HAMILTON REVOLVING FUND 50,000

MCKEMIE PLACE

PO BOX 251418
MOBILE,AL36685 		  PC SHELTER SOLUTIONS 20,000

MOBILE AREA CHAMBER FOUNDATION

451 GOVERNMENT ST
MOBILE,AL36602 		  PC COMMUNITY DEVELOPMENT PROJECT 150,000

MOBILE AREA COUNCIL BOY SCOUTS OF AMERICA

2587 GOVERNMENT BLVD
MOBILE,AL36606 		  PC MAUBILA SCOUT RESERVATION RENOVATIONS 10,000

MOBILE AREA EDUCATION FOUNDATION

3725 AIRPORT BLVD STE 161
MOBILE,AL36608 		  PC ORGANIZATIONAL TRANSITION AND EXPANSION 150,000

MOBILE ARTS COUNCIL

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

MOBILE BALLET

4351 DOWNTOWNER LOOP N
MOBILE,AL36609 		  PC DISCOVER DANCE PROGRAM 10,000

MOBILE INTERNATIONAL FESTIVAL

713 DAUPHIN ST
MOBILE,AL36602 		  PC 40TH ANNUAL MOBILE INTERNATIONAL FESTIVAL 5,000

MOBILE MUSEUM OF ART

4850 MUSEUM DR
MOBILE,AL36608 		  PC PROGRAM SUPPORT 25,000

MOBILE OPERA

257 DAUPIN ST
MOBILE,AL36602 		  PC 2023-2024 SEASON 5,000

MOBILE SYMPHONY ORCHESTRA

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

MONROE COUNTY MUSEUM

13 N ALABAMA AVE
MONROEVILLE,AL36460 		  GOV PIONEER DAYS AND A DAY IN OLD MONROEVILLE 15,000

MT PLEASANT HISTORICAL PRES SOCIETY

245 LAMBERT LN
URIAH,AL36480 		  PC ELECTRICAL RESTORATION 12,000

MULHERIN CUSTODIAL HOME

2496 HALLS MILL RD
MOBILE,AL36606 		  PC FACILITY REPAIRS 20,000

ORCHARD ELEMENTARY SCHOOL

6400 HOWELLS FERRY RD
MOBILE,AL36618 		  PC READING PROGRAM 5,000

OZANAM CHARITABLE PHARMACY

109 S CEDAR ST
MOBILE,AL36602 		  PC PHARMACY PROGRAM SUPPORT 10,000

PARKINSON ASSOCIATION OF ALABAMA

PO BOX 590146
BIRMINGHAM,AL35259 		  PC CARE NAVIGATION SERVICES 5,000

PRICHARD PREPARATORY SCHOOL

743 MT SINAI AVE
WHISTLER,AL36612 		  PC TUITION ASSISTANCE 12,000

PUBLIC AFFAIRS RESEARCH COUNCIL OF AL

PO BOX 293931
BIRMINGHAM,AL35229 		  PC KEYS TO SUCCESS 10,000

RANSOM MINISTRIES

320 S CRAFT HWY
CHICKASAW,AL36611 		  PC WRAP AROUND SERVICES 10,000

RONALD MCDONALD HOUSE CHARITIES MOBILE

1626 SPRINGHILL AVE
MOBILE,AL36604 		  PC OPERATING SUPPORT 10,000

SALVATION ARMY

1009 DAUPHIN ST
MOBILE,AL36604 		  PC PROGRAM SUPPORT 10,000

SATSUMA PUBLIC LIBRARY FOUNDATION

5466 OLD HWY 43
SATSUMA,AL36505 		  PC RESTORATION PROJECT 10,000

SIGHT SAVERS AMERICA

337 BUSINESS CIRCLE
PELHAM,AL35124 		  PC CHILDREN'S EYE CARE IN SOUTH ALABAMA 10,000

SOUTH BALDWIN CHRISTIAN ACADEMY

6900 AL-59
GULF SHORES,AL36542 		  PC INTEGRATING TECHNOLOGY INTO READING AND MATH 14,840

SOUTH BALDWIN LITERACY COUNCIL

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

SOUTHEASTERN DIABETES EDUCATION SERVICES

500 CHASE PK S STE 104
HOOVER,AL35244 		  PC COMMUNITY SUPPORT PROGRAMS 5,000

TEACH FOR AMERICA ALABAMA

1616 3RD AVE N
BIRMINGHAM,AL35203 		  PC SCHOOL BASED LEADERSHIP FELLOWSHIP 25,000

THE COOKERY PROJECT

PO BOX 8482
MOBILE,AL36689 		  PC HEAT WORKSHOPS 5,000

THE EXCEPTIONAL FOUNDATION GULF COAST

PO BOX 1267
FAIRHOPE,AL36533 		  PC JOYFUL AND EXCEPTIONAL SOUNDS 1,500

THE NATURE CONSERVANCY

209 20TH ST N 70
BIRMINGHAM,AL35203 		  PC COFFEE ISLAND LIVING SHORELINES 30,000

UNITED CEREBRAL PALSY OF MOBILE INC

3058 DAUPHIN SQUARE CONNECTOR
MOBILE,AL36607 		  PC SENSORY EQUIPMENT 10,000

UNITED METHODIST CHILDREN'S HOME

3140 ZELDA CT STE 100
MONTGOMERY,AL36106 		  PC BABIES FIRST 5,000

UNITED WAY OF SOUTHWEST ALABAMA

218 ST FRANCIS ST
MOBILE,AL36602 		  PC OPERATING SUPPORT 20,000

UNITED WAY OF SOUTHWEST ALABAMA

218 ST FRANCIS ST
MOBILE,AL36602 		  PC BASICS AND DOLLY PARTON'S IMAGINATION LIBRARY 10,000

UNIVERSITY OF MOBILE

5735 COLLEGE PKWY
MOBILE,AL36613 		  PC VISUAL ARTS PROGRAM 140,000

UNIVERSITY OF SOUTH ALABAMA

650 CLINIC DR TRP III
MOBILE,AL36688 		  PC MEDICAL SCHOOL CAPITAL CAMPAIGN 500,000

VETERANS RECOVERY RESOURCES

1156 SPRINGHILL AVE
MOBILE,AL36604 		  PC INPATIENT DETOX FACILITY 50,000

VICTORY HEALTH PARTNERS

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

VILLAGE OF SPRINGHILL

4358B OLD SHELL RD 145
MOBILE,AL36608 		  PC OPERATING SUPPORT 35,000

WASHINGTON COUNTY PUBLIC LIBRARY

14102 ST STEPHENS AVE
CHATOM,AL36518 		  GOV ATRIUM GALLERY AND PROGRAM SPACE IMPROVEMENTS 30,000

WILMER HALL

3811 OLD SHELL RD
MOBILE,AL36608 		  PC TRANSITIONAL LIVING PROGRAM 23,000

KIMORA CHAMBERS

4900 MERIDIAN ST N
HUNTSVILLE,AL35811 		  I SCHOLARSHIP - ALABAMA A&M UNIVERSITY 5,500

AARON SEARS

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

AIDAN TOOMEY

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

ARTEMIJE TURKIC

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

CAMERON SANCHEZ

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

CONNOR KING

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

COURTLYN MCMEANS

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

DEZTINI STEVENS

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

ELIZABETH FROMDAHL

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

EMILY ALLAN

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

EMILY CASSITY

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

GARRETT HOWELL

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

HARRISON POOLE

AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 5,500

JACKSON FAGGARD

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

JASMIN NGO

AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 5,500

JENNA KIM

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

JORDAN HOBBS

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

JOSIAH YARBOROUGH

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

JOSIE HOWELL

AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 2,000

KAELYN VANDERHOOF

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

KING JOHNSON

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

LANE RALEY

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

LONYLA HENTON

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

MADISON PHILIPS

AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSITY 5,500

MEGAN SANCHEZ

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

MOLLY BLAIR

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

OLUWATIMILEHIN OGUNADE

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

REESE WOLFE

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

SARAH LOTT

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

SARAH RHODES

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

THADDIUS CARLISLE

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

TRISTON BUCKLEY

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

CHARLIE HOLLIS

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

MYLES MURPHY

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

TYLER BJORGUM

1500 E FAIRWAY AVE
MONTGOMERY,AL36106 		  I SCHOLARSHIP - HUNTINGDON COLLEGE 2,000

JESSE MCKENZIE

700 PELHAM RD N
JACKSONVILLE,AL36265 		  I SCHOLARSHIP - JACKSONVILLE STATE UNIVERSITY 4,500

KATIE SCHANSBERG

800 LAKESHORE DR
HOMEWOOD,AL35229 		  I SCHOLARSHIP - SAMFORD UNIVERSITY 6,000

TONIA PETTWAY

800 LAKESHORE DR
HOMEWOOD,AL35229 		  I SCHOLARSHIP - SAMFORD UNIVERSITY 6,000

HAYLE JACKSON

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

JOSHUA STEWART

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

ZOE GRAY

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

ASHAUNI JACKSON

1200 W MONTGOMERY RD
TUSKEGEE,AL36088 		  I SCHOLARSHIP - TUSKEGEE UNIVERSITY 5,500

BELLE FANT

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

BRASWELL MCMEANS

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

BRAXTON KENT

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

BROOKE STERLING

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

DESTINY CHEATWOOD

UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 5,500

GENESIS PRITCHETT

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

JADAN SUTTERFIELD

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

JASMINE IRVIN

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

JOSHUA BEVERLY

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

LAUREN LANG

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

LOGAN HETZMAN

UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 5,500

MARCUS KELLEY

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

MARGARET GORDON

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

MARISSA WILSON

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

MARLEY HUNTER

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

MOLLEE BEARDEN

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

MOLLI SESSIONS

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

NICHOLAS STORK

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

SOPHIA JERNIGAN

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

STATEN BAKER

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

SYDNEY HENDRYX

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

ANTHONY NETTLES

1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 1,500

ASHLEY CAMPOS

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

BAYLEE LUECK-WEST

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

BRYAN FENG

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

COURTNEY ODEN

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

FATIMA JIMENEZ

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

MARY NELSEN

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

NICOLLETTE HOUSTON-TURNER

1720 UNIVERSITY BLVD
BIRMINGHAM,AL35294 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - BIRMINGHAM 3,500

TINA TRAN

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

TROY GIBSON

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

HANNAH MEADOWS

301 SPARKMAN DR
HUNTSVILLE,AL35899 		    SCHOLARSHIP - UNIVERSITY OF ALABAMA - HUNTSVILLE 6,000

COLLIN GIBBONS

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

FAYE SHERER

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

JACOB ARNOLD

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

KATELYN LIPPOLD

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

KAYLEY BURGESS

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

MICHELLE BOSSARD

5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 1,500

NATALIE CRISWELL

5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 1,500

REAGAN LENTZ

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

TAYLOR VICE

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

ABBY FULLER

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

REAGAN LEIGH LENTZ

22555 NANALOOP E
SILVERHILL,AL36576 		  I ENTREPRENEUR PROGRAM STIPEND 2,000

BROOKE MADISON STERLING

21943 7TH ST
SILVERHILL,AL36576 		  I ENTREPRENEUR PROGRAM STIPEND 2,000

TROY DAMON GIBSON

5503 TIMBERLAND DR
SATSUMA,AL36572 		  I ENTREPRENEUR PROGRAM STIPEND 2,000

BRYAN DONG FENG

5624 KALISA CT
MOBILE,AL36693 		  I ENTREPRENEUR PROGRAM STIPEND 2,000
Total .................................right arrow 3a 3,776,490
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 ....     14 454,171  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 11,400  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     16 242,255  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 7,106,897  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSTATE TAX REFUND 		      431  
bK-1: ALKEON GROWTH PW PARTNERS     14 -48,623  
cK-1: ALKEON GROWTH PW PARTNERS 531120 -3      
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -3 7,766,531 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,766,528
(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:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 50,719 24,000   26,719

TY 2023 InvestmentsCorpStockSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Name of Stock End of Year Book Value End of Year Fair Market Value
1935 ABB LTD SPONSORED ADR 51,315 85,720
96 ACCELLERON INDUSTRIES AG 1,854 2,993
510 ACCENTURE PLC 91,243 178,964
3292 ACUSHNET HOLDINGS CORP 98,193 207,956
94 ADIDAS AG 15,922 9,555
316 ADOBE INC 95,094 188,526
330 AGILENT TECHNOLOGIES INC 41,196 45,880
1395 AIA GROUP LTD 53,182 48,365
809 AIR LIQUIDE SA 23,687 31,511
83 AIR PRODUCTS AND CHEMICALS INC 17,828 22,725
1074 AIRBUS SE 23,944 41,424
1592 ALCON AG 90,885 124,367
440 ALPHABET INC 32,788 61,464
3973 AMAZON.COM INC 415,235 603,658
839 AMERICA MOVIL SAB DE CV 15,186 15,538
444 AMERICAN EXPRESS CO 75,169 83,179
578 ANHEUSER-BUSCH INBEV SA/NV 37,377 37,350
113 ANSYS INC 22,154 41,005
574 AON PLC 75,423 167,045
1959 APPLE INC 48,498 377,166
724 APTIV PLC 57,820 64,957
968 ARCH CAPITAL GROUP LTD 29,061 71,893
268 ARES MANAGEMENT CORP 15,708 31,871
2772 ARTISAN PARTNERS ASSET MANAGEMENT INC 98,995 122,467
1141 ASAHI KASEI CORP 20,983 16,995
316 ASML HOLDING NV 125,513 239,187
383 ASPEN TECHNOLOGY INC 30,410 84,317
913 ASSA ABLOY AB 10,314 13,129
1215 ASTRAZENECA PLC 65,429 81,830
23 ATLANTA BRAVES HOLDINGS INC 510 910
557 ATLASSIAN CORP LTD 120,689 132,488
81 ATRION CORP 58,802 30,682
403 AUTODESK INC 76,217 98,122
154 AUTOMATIC DATA PROCESSING INC 21,484 35,877
403 B&M EUROPEAN VALUE RETAIL SA 10,914 11,606
1033 BANCFIRST CORP 98,701 100,542
1027 BANCO BILBAO VIZCAYA ARGENTARIA SA 4,909 9,356
98 BEIGENE LTD 31,708 17,675
134 BLACKROCK FINANCE INC 84,706 108,781
61 BLOCK INC 3,885 4,718
26 BOOKING HOLDINGS INC 49,905 92,228
1372 BOSTON SCIENTIFIC CORP 39,690 79,315
978 BRITISH AMERICAN TOBACCO PLC 34,647 28,646
949 BROOKFIELD ASSET MANAGEMENT LTD 21,976 38,121
3797 BROOKFIELD CORP 95,461 152,336
1854 BROOKFIELD INFRASTRUCTURE CORP 64,901 65,409
1149 BROOKFIELD RENEWABLE CORP 48,736 33,080
1225 BROWN & BROWN INC 45,361 87,110
183 BROWN-FORMAN CORP 9,306 10,449
1540 CARLSBERG AS 41,178 38,538
1227 CARMAX INC 98,631 94,160
694 CBRE GROUP INC 25,236 64,604
1454 CHR HANSEN HOLDING A/S 31,424 30,418
502 CHUBB LTD 52,144 113,452
1502 CIE FINANCIERE RICHEMONT SA 12,842 20,690
536 CIGNA GROUP 88,638 160,505
4187 CLEARWATER ANALYTICS HOLDINGS INC 98,894 83,866
347 CME GROUP INC 57,971 73,078
148 COGNEX CORP 9,849 6,178
1353 COLGATE-PALMOLIVE CO 106,264 107,848
809 COLOPLAST A/S 12,486 9,328
3672 COMCAST CORP 136,849 161,017
782 CONOCOPHILLIPS 29,048 90,767
4764 COPART INC 96,200 233,436
580 CORVEL CORP 101,290 143,382
2067 COSTAR GROUP INC 156,748 180,635
75 CREDIT ACCEPTANCE CORP 29,342 39,955
545 DAIICHI SANKYO CO LTD 16,197 14,906
619 DAIKIN INDUSTRIES LTD 13,599 10,009
231 DANAHER CORP 17,600 53,440
1556 DANONE SA 18,400 20,150
355 DBS GROUP HOLDINGS LTD 28,235 35,947
723 DEUTSCHE BOERSE AG 12,665 14,854
268 DIAGEO PLC 36,354 39,037
1256 DNB BANK ASA 21,277 26,728
212 DOLLAR GENERAL CORP 38,066 28,821
925 DOMINION RESOURCES INC/VA 70,603 43,475
174 DOMINO'S PIZZA INC 60,998 71,728
1017 DONALDSON CO INC 32,386 66,461
210 DSV PANALPINA A/S 14,934 18,441
1048 DUKE ENERGY CORP 89,226 101,698
1105 DUPONT DE NEMOURS INC 86,383 85,008
1327 EATON CORP PLC 151,939 319,568
154 ELI LILLY & CO 48,582 89,770
1501 EMCOR GROUP INC 107,552 323,360
3160 ENEL SPA 27,196 23,368
1362 ENGIE SA 19,136 23,951
90 ENOVIS CORP 4,898 5,042
1117 EPIROC AB 24,049 22,413
149 EQUINIX INC 68,324 120,003
90 ESAB CORP 3,694 7,796
788 ESSILORLUXOTTICA SA 55,549 79,186
618 ESSILORLUXOTTICA SA 36,871 62,103
773 ESTEE LAUDER COS INC 141,645 113,051
16 F&G ANNUITIES & LIFE INC 315 736
278 FACTSET RESEARCH SYSTEMS INC 29,796 132,620
1829 FANUC CORP 26,872 26,758
1160 FASTENAL CO 45,317 75,133
249 FIDELITY NATIONAL FINANCIAL INC 6,961 12,704
5595 FIRST HAWAIIAN INC 114,601 127,902
199 FIRST REPUBLIC BANK/CA 20,836 8
1395 FTI CONSULTING INC 145,351 277,814
773 FUJITSU LTD 22,800 23,213
145 GARTNER INC 17,360 65,411
206 GENERAL DYNAMICS CORP 47,803 53,492
1370 GENMAB A/S 48,908 43,621
453 GIVAUDAN SA 37,904 37,635
2208 GRACO INC 59,538 191,566
666 GUIDEWIRE SOFTWARE INC 73,267 72,621
360 HDFC BANK LTD 21,103 24,160
1014 HEICO CORP 108,657 144,434
233 HERMES INTERNATIONAL SCA 21,948 49,536
903 HILTON WORLDWIDE HOLDINGS INC 74,005 164,427
577 HONEYWELL INTERNATIONAL INC 73,616 121,003
107 HONG KONG EXCHANGES & CLEARING LTD 5,180 3,665
376 HOWARD HUGHES HOLDINGS INC 27,954 32,167
68 HOYA CORP 2,444 8,467
324 HYATT HOTELS CORP 19,683 42,253
673 IBERDROLA SA 32,992 35,332
63 IDEXX LABORATORIES INC 15,073 34,968
434 ILLINOIS TOOL WORKS INC 58,069 113,682
117 ILLUMINA INC 42,591 16,291
2355 INDUSTRIA DE DISENO TEXTIL SA 29,546 51,551
944 ING GROEP NV 11,335 14,179
1665 INTEL CORP 79,598 83,666
314 INTERCONTINENTAL EXCHANGE INC 34,411 40,327
193 INTUIT INC 81,848 120,631
402 INTUITIVE SURGICAL INC 130,071 135,619
457 JACK HENRY & ASSOCIATES INC 7,828 74,678
237 JARDINE MATHESON HOLDINGS LTD 10,381 9,761
805 JOHNSON & JOHNSON 54,754 126,176
727 JOHNSON CONTROLS INTERNATIONAL PLC 42,329 41,904
1177 JPMORGAN CHASE & CO 53,143 200,208
672 KENNEDY-WILSON HOLDINGS INC 8,883 8,319
777 KERING SA 47,879 34,374
147 KEYENCE CORP 72,448 64,773
959 KFORCE INC 56,971 64,790
3636 KKR & CO INC 154,038 301,243
8412 KONINKLIJKE KPN NV 26,491 28,769
1231 LOREAL SA 84,220 122,374
955 LANDSTAR SYSTEM INC 164,251 184,936
984 LCI INDUSTRIES COM 139,750 123,699
740 LENNAR CORP 48,233 110,290
790 LIBERTY BROADBAND CORP 95,012 63,674
823 LIBERTY MEDIA CORP-LIBERTY FORMULA ONE 27,718 51,626
34 LIBERTY MEDIA CORP-LIBERTY LIVE 559 1,270
872 LIVE NATION ENTERTAINMENT INC 49,287 81,619
2225 LONDON STOCK EXCHANGE GROUP PLC 65,609 66,694
334 LOWE'S COS INC 47,847 74,332
138 LVMH MOET HENNESSY LOUIS VUITTON SE 12,153 22,418
993 MANHATTAN ASSOCIATES INC 44,839 213,813
82 MARKEL CORP 80,741 116,432
166 MARKETAXESS HOLDINGS INC 67,701 48,613
450 MARRIOTT INTERNATIONAL INC/MD 69,569 101,479
1184 MARSH & MCLENNAN COS INC 152,236 224,332
156 MARTIN MARIETTA MATERIALS INC 32,384 77,830
143 MASTERCARD INC 46,623 60,991
299 MCKESSON CORP 51,042 138,431
25 MERCADOLIBRE INC 33,377 39,288
1072 MERCK & CO INC 82,292 116,869
1124 META PLATFORMS INC 197,038 397,851
850 MICROCHIP TECHNOLOGY INC 38,706 76,653
1945 MICROSOFT CORP 305,933 731,398
2638 MOELIS & CO 93,322 148,071
2324 MONSTER BEVERAGE CORP 77,805 133,886
112 MOODY'S CORP 23,647 43,743
1421 MORGAN STANLEY 112,116 132,508
77 MSCI INC 19,457 43,555
171 MTU AERO ENGINES AG 16,576 18,458
1194 NASDAQ INC 27,612 69,419
1703 NESTLE SA 158,244 196,918
114 NETEASE INC 13,290 10,620
558 NETFLIX INC 256,258 271,679
1322 NEXTERA ENERGY INC 97,502 80,298
46 NICE SYSTEMS LTD 12,957 9,177
840 NIDEC CORP 20,556 8,472
1380 NIKE INC 179,645 149,827
1158 NIPPON TELEGRAPH & TELEPHONE CORP 34,136 35,278
1352 NITORI HOLDINGS CO LTD 27,259 18,063
2495 NOKIA OYJ 14,328 8,533
297 NORTHROP GRUMMAN CORP 76,309 139,038
3166 NOVO NORDISK A/S 112,454 327,523
574 NOVONESIS (NOVOZYMES) B 34,473 31,515
929 NVIDIA CORP 42,947 460,059
554 NXP SEMICONDUCTORS NV 87,502 127,243
189 O'REILLY AUTOMOTIVE INC 63,673 179,565
329 ORSTED AS 16,318 6,063
740 PALO ALTO NETWORKS INC 52,893 218,211
1291 PAYPAL HOLDINGS INC 211,810 79,280
299 PEPSICO INC 38,641 50,782
1156 PERIMETER SOLUTIONS SA 14,031 5,318
498 PERNOD RICARD SA 16,940 17,579
1669 PFIZER INC 86,059 48,051
331 PIONEER NATURAL RESOURCES CO 51,153 74,435
339 PNC FINANCIAL SERVICES GROUP INC 40,875 52,494
616 PPG INDUSTRIES INC 79,019 92,123
1129 PRIMERICA INC 52,178 232,303
1559 PROGRESSIVE CORP 141,268 248,318
604 RBC BEARINGS INC 27,788 172,074
4065 RECKITT BENCKISER GROUP PLC 75,099 55,853
2180 RECRUIT HOLDINGS CO LTD 17,877 18,203
1340 RELX PLC 33,007 53,144
8969 RIGHTMOVE PLC 109,067 133,274
136 RIO TINTO PLC 8,696 10,127
683 RLI CORP 32,370 90,921
239 ROPER TECHNOLOGIES INC 90,373 130,296
219 ROSS STORES INC 18,215 30,307
1142 RTX CORP 68,753 96,088
387 S&P GLOBAL INC 84,059 170,481
1791 SAFRAN SA 51,758 79,037
686 SALESFORCE INC 122,122 180,514
324 SAP SE 41,260 50,087
356 SBA COMMUNICATIONS CORP 77,647 90,314
697 SHERWIN-WILLIAMS CO 178,342 217,394
3485 SHIN-ETSU CHEMICAL CO LTD 48,158 72,837
1999 SHIONOGI & CO LTD 25,814 23,932
1899 SIMPSON MANUFACTURING CO INC 162,426 375,964
70 SMC CORP 39,653 37,617
135 SOCIEDAD QUIMICA Y MINERA DE CHILE SA 14,484 8,130
1591 SOUTHERN CO 88,362 111,561
431 SPLUNK INC 45,346 65,663
547 STANLEY BLACK & DECKER INC 81,792 53,661
804 STMICROELECTRONICS NV 30,929 40,305
1835 STRAUMANN HOLDING AG 20,277 29,552
436 STRYKER CORP 98,958 130,565
769 SUMMIT MATERIALS INC 13,847 29,576
735 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 62,646 76,440
932 TARGET CORP 114,207 132,735
520 TENCENT HOLDINGS LTD 34,028 19,651
378 TERUMO CORP 14,549 12,330
263 TESLA INC 40,722 65,350
742 TEXAS INSTRUMENTS INC 71,302 126,481
299 TFI INTERNATIONAL INC 14,050 40,658
561 THERMO FISHER SCIENTIFIC INC 172,043 297,773
108 TOKYO ELECTRON LTD 6,310 9,595
1897 TORO CO 105,826 182,093
692 TOTALENERGIES SE 31,627 46,627
271 TRANE TECHNOLOGIES PLC 18,101 66,097
283 TRANSDIGM GROUP INC 100,160 286,283
553 TRANSUNION 40,073 37,997
203 TYLER TECHNOLOGIES INC 81,522 84,878
2534 UBER TECHNOLOGIES INC 88,477 156,018
1342 UFP INDUSTRIES INC 148,591 168,488
1896 UNICHARM CORP 18,389 13,699
993 UNION PACIFIC CORP 175,179 243,901
535 UNITED PARCEL SERVICE INC 59,738 84,118
593 UNITEDHEALTH GROUP INC 162,692 312,197
225 VAIL RESORTS INC 48,243 48,031
77 VERALTO CORP 2,323 6,334
338 VERISIGN INC 52,890 69,614
392 VERISK ANALYTICS INC 59,388 93,633
1399 VISA INC 124,397 364,230
577 VULCAN MATERIALS CO 69,629 130,985
870 WATTS WATER TECHNOLOGIES INC 100,278 181,256
426 WIX.COM LTD 88,983 52,407
489 WORKDAY INC 117,842 134,993
225 WW GRAINGER INC 77,431 186,455
798 YUM CHINA HOLDINGS INC 32,935 33,859
663 ZOETIS INC 59,922 130,856

TY 2023 InvestmentsOtherSchedule2
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALKEON GROWTH PARTNERS AT COST 1,245,000 2,118,640
IRONWOOD INST. MULTISTRATEGY LLC AT COST 2,208,401 2,585,275

TY 2023 LegalFeesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 38,981 33,420   5,561


TY 2023 OtherExpensesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 21,285 2,798   18,487
MEMBERSHIP DUES 2,277 828   1,449
OFFICE SUPPLIES & EXPENSE 17,632 0   17,632
401K ADMINISTRATION FEES 6,634 0   6,634
TELEPHONE & INTERNET 2,631 0   2,631
SCHOLARS PROGRAM LEADERSHIP SEMINARS 9,812 0   9,812
TIMBERLAND MAINTENANCE 12,483 12,483   0
APPRAISALS 12,400 12,400   0
WEBSITE HOSTING AND MAINTENANCE 1,109 0   1,109
TAX RELIEF SERVICE FEES 102 102   0
COMMUNITY OUTREACH 708 0   708


TY 2023 OtherIncomeSchedule2
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
HUNTING LEASES, FEES 242,255 242,255 242,255
STATE TAX REFUND 431   431
K-1: ALKEON GROWTH PW PARTNERS -48,623 -48,623 -48,623
K-1: ALKEON GROWTH PW PARTNERS -3   -3


TY 2023 OtherIncreasesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Description Amount
BOOK/TAX DIFFERENCE ON ALKEON GROWTH PARTNERS 48,626


TY 2023 OtherProfessionalFeesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SCHOLARS SELECTION COMMITTEE 7,700 0   7,700
FORESTRY MANAGEMENT SERVICES 93,794 93,794   0
INVESTMENT ADVISORY FEES 96,049 96,049   0


TY 2023 TaxesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AD VALOREM TAXES 65,637 65,637   0
2022 ESTIMATED TAX PAYMENT 35,000 0   0
FOREIGN TAXES 84 84   0
PAYROLL TAXES 15,856 0   15,856
2023 ESTIMATED TAX PAYMENTS 41,400 0   0