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
IRENE W AND C B PENNINGTON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)10343 SIEGEN LANE SUITE B1
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BATON ROUGE, LA70810
A Employer identification number

72-0938097
B Telephone number (see instructions)

(225) 922-4600
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$23,932,437J 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 1,185 1,185  
4 Dividends and interest from securities... 2,489,122 2,489,122  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,703,354
b Gross sales price for all assets on line 6a 21,575,758
7 Capital gain net income (from Part IV, line 2)... 1,703,354
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
1,710,991 1,597,220 0
12 Total. Add lines 1 through 11........ 5,904,652 5,790,881 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 492,030 0 0 0
15 Pension plans, employee benefits....... 22,205 0 0 0
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
5,327 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,500 0 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
500,169 403,863 0 0
17 Interest............... 9,811 9,811 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
66,037 0 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
17,066 0 0
20 Occupancy.............. 12,195 0 0 0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,166,803 1,090,740 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,303,143 1,504,414 0 0
25 Contributions, gifts, grants paid....... 5,544,032 5,544,032
26 Total expenses and disbursements. Add lines 24 and 25 7,847,175 1,504,414 0 5,544,032
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,942,523
b Net investment income (if negative, enter -0-) 4,286,467
c Adjusted net income (if negative, enter -0-)... 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............. 566,134 50,312 50,312
2 Savings and temporary cash investments......... 3,774,593 309,609 309,609
3 Accounts receivable right arrow11,246
Less: allowance for doubtful accounts right arrow     11,246 11,246
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).....   300,000 300,000
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)....... 22,412,346 0 0
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).......... 101,049,197 Click to see attachment
List of Attached Documents:
// Content
23,260,360 		23,260,360
14 Land, buildings, and equipment: basis right arrow72,833
Less: accumulated depreciation (attach schedule) right arrow72,823 10 Click to see attachment
List of Attached Documents:
// Content
10 		10
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
900 		Click to see attachment
List of Attached Documents:
// Content
900 		Click to see attachment
List of Attached Documents:
// Content
900
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 127,803,180 23,932,437 23,932,437
Liabilities 17 Accounts payable and accrued expenses.......... 11,713  
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)......... 11,713 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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 127,791,467 23,932,437
29 Total net assets or fund balances (see instructions)..... 127,791,467 23,932,437
30 Total liabilities and net assets/fund balances (see instructions). 127,803,180 23,932,437
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
127,791,467
2
Enter amount from Part I, line 27a .....................
2
-1,942,523
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
182,371
4
Add lines 1, 2, and 3 ..........................
4
126,031,315
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
102,098,878
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,932,437
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 GAIN/(LOSS) - EVERGREEN P    
b 1256 GAIN/(LOSS) P    
c 1231 GAIN/(LOSS) P    
d 1250 GAIN/(LOSS) P    
e GAIN/(LOSS) - ALPHAKEYS P    
GAIN/(LOSS) - PTP P    
APEX ST P    
FORWARD UNIPLAN ST P    
KAYNE ANDERSON ST P    
WCM ST P    
LARGE CAP ST P    
APEX LT P    
FORWARD UNIPLAN LT P    
KAYNE ANDERSON LT P    
WCM LT P    
LARGE CAP LT P    
POLLEN LT P    
NFJ INTERNATIONAL ST P    
NORTHCOAST ST P    
STATEGIC ADVISOR ST P    
WESTEND ST P    
SA FIXED INCOME ST P    
SA LIQUID ALTERNATIVES ST P    
CHICKASAW ST P    
ATLANTA SMID LT P    
NFJ INTERNATIONAL LT P    
NORTHCOAST LT P    
STATEGIC ADVISOR LT P    
WESTEND LT P    
SA FIXED INCOME LT P    
SA LIQUID ALTERNATIVES LT P    
CHICKASAW LT P    
ML #02082 ST P    
ML #02083 ST P    
ML #02082 LT P    
ML #02083 LT 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       687,740
b       -21,593
c       1,196
d       3,338
e       255,733
      -3,674
53,199     -5,635
97,408     10,905
300,708     -16,119
631,541     15,902
44,839     -12,842
521,232     115,019
321,292     57,012
2,816,063     610,093
3,981,475     836,510
4,408,411     -961,186
218,215     -61,557
6,330     26
826,726     7,583
14,169     -130
86,794     1,923
809,616     8,095
20,594     -1,022
49,611     7,827
217,199     51,931
93,056     3,032
524,293     70,525
654,055     -20,123
256,722     6,329
796,864     -91,805
291,263     -11,504
463,588     122,419
421,469     -9,533
349,265     -6,539
1,230,936     137,142
1,056,867     -95,622
11,958     11,958
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       687,740
b       -21,593
c       1,196
d       3,338
e       255,733
      -3,674
      -5,635
      10,905
      -16,119
      15,902
      -12,842
      115,019
      57,012
      610,093
      836,510
      -961,186
      -61,557
      26
      7,583
      -130
      1,923
      8,095
      -1,022
      7,827
      51,931
      3,032
      70,525
      -20,123
      6,329
      -91,805
      -11,504
      122,419
      -9,533
      -6,539
      137,142
      -95,622
      11,958
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 1,703,354
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 59,582
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 59,582
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 59,582
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 39,300
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 39,300
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
8 779
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 21,061
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
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
 
No
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 arrowLA
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 arrowEAG GULF COAST LLC Telephone no.right arrow (225) 922-4600

Located atright arrow8550 UNITED PLAZA BLVD STE 1001BATON ROUGELA ZIP+4right arrow70809
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)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CLAUDE B PENNINGTON III TRUSTEE
0.00 		0 0 0
P0 BOX 1083
BATON ROUGE,LA70821
PAULA P DELABRETONNE TRUSTEE
0.00 		0 0 0
PO BOX 1083
BATON ROUGE,LA70821
DARYL B PENNINGTON SR TRUSTEE
0.00 		0 0 0
P O BOX 1083
BATON ROUGE,LA70821
SHARON PALMER PENNINGTON TRUSTEE
0.00 		0 0 0
P O BOX 1083
BATON ROUGE,LA70821
SHANNON SMITH TRUSTEE
0.00 		0 0 0
P O BOX 1083
BATON ROUGE,LA70821
MARY PENNINGTON TRUSTEE
0.00 		0 0 0
P O BOX 1083
BATON ROUGE,LA70821
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
LORI J BERTMAN PRESIDENT/CEO
40.00 		375,375 0 0
3635 GLADIOLA STREET
BATON ROUGE,LA70808
WILLIAM HODGKINS CHAIRMAN
40.00 		73,116 0 0
1059 CARNEY ROAD
ZACHARY,LA70791
RODDY M PRESLEY STAFF
40.00 		29,320 0 0
24590 PECAN POINTE DRIVE
PLAQUEMINE,LA70764
RACHEL A KONICK STAFF
40.00 		14,219 0 0
21B HYDEVILLE RD
STAFFORD SPRINGS,CT06076
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
UBS FINANCIAL SERVICES INVESTMENT 155,860
3280 PEACHTREE RD NE 21ST FLOOR
ATLANTA,GA30305
EQUITAS CAPITAL ADVISORS INVESTMENT 141,807
365 CANAL STREET
NEW ORLEANS,LA70130
MERRILL LYNCH INVESTMENT 90,163
1800 CITY FARM DRIVE BLDG 2
BATON ROUGE,LA70806
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
91,697,658
b
Average of monthly cash balances.......................
1b
1,137,780
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
92,835,438
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
92,835,438
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,392,532
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
91,442,906
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,572,145
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
4,572,145
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
59,582
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
10,993
c
Add lines 2a and 2b............................
2c
70,575
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,501,570
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,501,570
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
4,501,570
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
5,544,032
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
5,544,032
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 4,501,570
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...... 478,643
c From 2020...... 218,084
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 696,727
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 5,544,032
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..... 4,501,570
e Remaining amount distributed out of corpus 1,042,462
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 1,739,189
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 ...... 		1,739,189
10 Analysis of line 9:
a Excess from 2019.... 478,643
b Excess from 2020.... 218,084
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 1,042,462
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:
MULTIPLE ENTRIES - SEE ATTACHED
10343 SIEGEN LANE SUITE B1
BATON ROUGE,LA70810
(225) 922-4600
bThe form in which applications should be submitted and information and materials they should include:
NOT APPLICABLE
cAny submission deadlines:
NOT APPLICABLE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NOT APPLICABLE
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

ST JAMES EPISCOPAL DAY SCHOOL

205 N 4TH ST
BATON ROUGE,LA70801 		    2023 ANNUAL GIFT 500

OPERA SOUTHERN

505 N PARKERSON AVE
CROWLEY,LA70526 		    EMMETT TILL: OPERA IN 3 ACTS 1,000

LOUISIANA SPORTS HALL OF FAME FOUNDATION

500 FRONT STREET
NATCHITOCHES,LA71457 		    FRIDAY THE 13TH NIGHT FIGHTS - VIP SPONSORSHIP 1,500

LOUISIANA SYMPHONY ASSOCIATION

233 ST FERDINAND ST
BATON ROUGE,LA70802 		    IRENE W. AND C.B. PENNINGTON FOUNDATION 2,500

LSU AGCENTER EBR PARISH 4-H

101 EFFERSON HALL
BATON ROUGE,LA70803 		    MONEY MINDS: MASTERING YOUR FINANCIAL FUTURE 2,500

KIDS ORCHESTRA

619 JEFFERSON HWY SUITE 1A
BATON ROUGE,LA70806 		    PATHWAYS TO PUBLIC PERFORMANCE ART 5,000

OMBC

1300 NATIONAL DR 150
SACRAMENTO,CA95834 		    OMBC 5,000

KNOCK KNOCK CHILDREN'S MUSEUM

1900 DALRYMPLE DR
BATON ROUGE,LA70808 		    STORYBOOK SOIREE 5,000

WOMAN'S CLUB INCORPORATED

259 T J JEMISON BLVD
BATON ROUGE,LA70802 		    WOMAN'S CLUB REPAIR & IMPROVEMENT 5,000

WE ARE THE DIFFERENCE INC

58260 LABAUVE AVE
PLAQUEMINE,LA70764 		    A NIGHT ON THE RED CARPET 5,000

OF MOVING COLORS PRODUCTION

2016 PERKINS RD
BATON ROUGE,LA70808 		    KING LEAR SPONSORSHIP 5,000

MOUNT ZION BAPTIST CHURCH

356 TJ JEMISON BLVD
BATON ROUGE,LA70802 		    IBERVILLE PARISH COMMUNITY OUTREACH PROGRAM 5,000

MISSION OUTREACH FOR CHRIST CORPORATION

54925 SOUTH STREET
WHITE CASTLE,LA70788 		    MISSION OUTREACH FOR CHRIST KIDS 5,000

PLANNED PARENTHOOD GULF COAST

3825 GOVERNMENT ST
BATON ROUGE,LA70806 		    COMPREHENSIVE REPRODUCTIVE HEALTH CARE 5,000

POINT PLEASANT BAPTIST CHURCH

27800 LA-405
PLAQUEMINE,LA70764 		    PPBC VOCATION BIBLE SCHOOL & SUMMER ENRICHMENT 5,000

LOUISIANA CENTER FOR CHILDREN'S RIGHTS

1100-B MILTON ST
NEW ORLEANS,LA70122 		    EAST BATON ROUGE ADVANCED ADVOCACY PROJECT 5,000

SPECIAL OLYMPICS LOUISIANA INC

1010 W 21ST AVE
COVINGTON,LA70433 		    UNIFIED CHAMPION SCHOOLS PROGRAM - CAPTIAL AREA 5,000

LOUISIANA CENTER FOR CHILDREN'S RIGHTS

1100-B MILTON ST
NEW ORLEANS,LA70122 		    EAST BATON ROUGE ADVANCED ADVOCACY PROJECT - 5,000

ST JOHN ELEMENTARY SCHOOL

58645 OSAGE AVE
PLAQUEMINE,LA70764 		    SUMMER AND AFTER SCHOOL ENRICHMENT PROGRAMS 5,000

ST LUKE FAMILY CHRISTIAN CHURCH

58615 HOOVER ST
PLAQUEMINE,LA70764 		    ST. LUKE FAMILY CHRISTIAN CHURCH 5,000

THE CITY OF REFUGE FULL GOSPEL CHURCH

32855 BOWIE ST
WHITE CASTLE,LA70788 		    YOUTH AND FAMILY OUTREACH 5,000

OUR LADY OF THE LAKE FOUNDATION

5000 HENNESSY BLVD
BATON ROUGE,LA70808 		    THE BIG BASH UNDER THE BIG TOP 5,000

ALLIANCE FOR EATING DISORDER AWARENESS

4400 N CONGRESS AVE SUITE 100
WEST PALM BEACH,FL33407 		    EATING DISORDERS SUPPORT & EDUCATION 5,000

FRIENDS OF THE LSU MUSEUM OF ART

100 LAFAYETTE STREET BATON ROUGE LA
70801
BATON ROUGE,LA70801 		    GOLD FRAME EXHIBITION: ANDY WARHOL FRIENDS AND 5,000

BATON ROUGE GALLERY

1515 DALRYMPLE DR
BATON ROUGE,LA70808 		    MOVIES & MUSIC ON THE LAWN 5,000

IBERVILLE CHRISTIAN CENTER

4070 E HWY 30
ST GABRIEL,LA70776 		    IBERVILLE PARISH SHERIFF'S OFFICE COMMUNITY 5,000

BATON ROUGE CRIME STOPPERS INC

9000 AIRLINE HWY
BATON ROUGE,LA70815 		    LAW ENFORCEMENT APPRECIATION AWARDS LUNCHEON 5,000

HIGHER GROUNDS INTERNATIONAL WORSHIP

23980 FLENIKEN LN
PLAQUEMINE,LA70764 		    IBERVILLE PARISH COMMUNITY OUTREACH PROGRAM 7,000

ZION FIELD EVANGELICAL MINISTRY

54105 BERRA ST
PLAQUEMINE,LA70764 		    ZION FIELD EVANGELICAL MINISTRIES 7,000

WORD OF TRUTH NEW LIFE CENTER

57360 CPL HERMAN BROWN JR ST
BAYOU GOULA,LA70788 		    VBS 7,000

HOPE MINISTRIES OF BATON ROUGE

4643 WINBOURNE AVE
BATON ROUGE,LA70805 		    20 YEARS OF HOPE SPONSORSHIP: HOPE CLIENT 7,000

BELLA BOWMAN FOUNDATION

PO BOX 82610
BATON ROUGE,LA70884 		    BELLA'S BALL 2022 7,500

THE LIFE OF A SINGLE MOM

12015 JUSTIVE AVE
BATON ROUGE,LA70816 		    ANNUAL SUPPORT 10,000

AMI KIDS BATON ROUGE

5555 BEECHWOOD DR
BATON ROUGE,LA70805 		    HELPING AT-RISK YOUTH STAY ON TRACK 10,000

YOUNG LIFE WEST FELICIANA

11621 FERDINAND STREET
ST FRANCISVILLE,LA70775 		    YOUNG LIFE 10,000

NORWOOD VOLUNTEER FIRE DEPARTMENT

13722 ELM STREET
NORWOOD,LA70761 		    REPLACEMENT TANKER APPARATUS 10,000

BATON ROUGE GENERAL FOUNDATION

8585 PICARDY AVE
BATON ROUGE,LA70809 		    RAISE THE BARN 10,000

BATON ROUGE YOUTH COALITION (BRYC)

460 N 11TH ST
BATON ROUGE,LA70802 		    COLLEGE 101 PROGRAM 10,000

JUBILEE PIONEERS

14595 FLORIDA BLVD
BATON ROUGE,LA70819 		    2023 GIFT 10,000

BIG RIVER ECONOMIC & AG DEVELOPMENT

POBOX 3976
BATON ROUGE,LA70821 		    CONNECTING FARMERS AND FAMILIES 10,000

CAREER COMPASS OF LOUISIANA

5441 JONES CREEK RD SUITE H
BATON ROUGE,LA70817 		    CAREER COMPASS OF LOUISIANA 10,000

CHARITYSMITH NONPROFIT FOUNDATION

13100 FILLY LN
TRUCKEE,CA96161 		    MEGAN'S MEMORY SCHOLARSHIP FUND 10,000

O'BRIEN HOUSE INC

1231 LAUREL ST
BATON ROUGE,LA70802 		    INFRASTRUCTURE REMEDIATION 10,000

NATIONAL KIDNEY FOUNDATION OF LA

8200 HAMPSON ST 229
NEW ORLEANS,LA70118 		    PAM SANCHEZ MEMORIAL 10,000

INNOCENCE PROJECT NEW ORLEANS

4051 ULLOA ST
NEW ORLEANS,LA70119 		    EXPOSING WRONGFUL CONVICTIONS IN GBR 10,000

FRIENDS OF LPB

7733 PERKINS RD BATON ROUGE LA
70810
BATON ROUGE,LA70810 		    LOUISIANA LEGENDS TABLE 10,000

GAITWAY THERAPEUTIC HORSEMANSHIP

1300 LAWRENCE PKWY
ST GABRIEL,LA70776 		    ARENA AREA IMPROVEMENTS 10,000

FRIENDS OF LPB

7733 PERKINS RD BATON ROUGE LA
70810
BATON ROUGE,LA70810 		    LOUISIANA LEGENDS TABLE 10,000

HUNTERS FOR THE HUNGRY

11019 PERKINS RD STE C
BATON ROUGE,LA70810 		    FRESHLY HARVESTED GAME PROGRAM 10,000

FOUNDATION FOR WOMAN'S

230 W MONROE ST STE 710
CHICAGO,IL60606 		    BUST BREAST CANCER 2022 10,000

EPISCOPAL SCHOOL OF BATON ROUGE

3200 WOODLAND RIDGE BLVD
BATON ROUGE,LA70816 		    ANNUAL SUPPORT 10,000

EAST FELICIANA DRUG AND ALCOHOL AWARENESS

11504 LIBERTY ROAD
CLINTON,LA70722 		    EAST FELICIANA HEALTH INITIATIVE 10,000

PENNINGTON BIOMEDICAL RESEARCH FOUNDATION

6400 PERKINS ROAD
BATON ROUGE,LA70808 		    ATHLETE MENTAL HEALTH & RESILIENCE 10,771

ST JOHN THE BAPTIST CHURCH

402 S KIRKLAND ROAD
BRUSLY,LA70719 		    IBERVILLE PARISH COMMUNITY OUTREACH PROGRAM 12,000

REGIONS BANK

3003 COLLEGE DR
BATON ROUGE,LA70808 		    AGRICULTURAL CENTER 13,210

THE NATIONAL WORLD WAR II MUSEUM

945 MAGAZINE ST
NEW ORLEANS,LA70130 		    LOUISIANA HISTORY DAY 15,000

GREATER BATON ROUGE FOOD BANK INC

10600 S CHOCTAW DR
BATON ROUGE,LA70815 		    BACKPACK 15,000

PLAYMAKERS OF BATON ROUGE INC

10 TOWER DR
BATON ROUGE,LA70808 		    PLAYMAKERS OPERATIONAL SUPPORT DURING COVID 15,000

SEXUAL TRAUMA AWARENESS & RESPONSE

1403 METRO DR BUILDING F
ALEXANDRIA,LA71301 		    SURVIVOR ASSISTANCE FUND 15,000

COMPANION ANIMAL ALLIANCE (CAA)

2550 GOURRIER AVE
BATON ROUGE,LA70820 		    2022 FUR BALL 15,000

NEW HORIZONS COMMUNITY DEVELOPMENT

58830 IRON FARM ROADP O BOX 866
PLAQUEMINE,LA70764 		    NEW HORIZONS COMMUNITY DEVELOPMENT CORP 15,000

WEST FELICIANA ANIMAL HUMANE SOCIETY

9946 W FELICIANA PARKWAY
ST FRANCISVILLE,LA70775 		    UPGRADE DOG FACILITIES 17,000

WHITE CASTLE POLICE DEPARTMENT

32535 BOWIE ST
WHITE CASTLE,LA70788 		    COMPUTER UPGRADE 18,692

CAPITAL RENAISSANCE INTERNATIONAL SCHOOL

17077 JEFFERSON HWY
BATON ROUGE,LA70817 		    SAVE FOREIGN LANGUAGE IMMERSION LEARNING 20,000

SOUTHEAST LOUISIANA LEGAL SERVICES

PO DRAWER 2867
HAMMOND,LA70404 		    KEEPING FAMILIES SAFE 20,000

YOUNG ENTREPRENEURS ACADEMY OF BR

900 N 3RD ST
BATON ROUGE,LA70801 		    YOUNG ENTREPRENEURS ACADEMY OF BR 20,000

SLAUGHTER POLICE DEPARTMENT

804 W RAILROAD AVE
SLAUGHTER,LA70777 		    2022 PROJECT TO CONTINUE IMPROVING OPERATIONS 20,000

BATON ROUGE YOUTH COALITION (BRYC)

460 N 11TH ST
BATON ROUGE,LA70802 		    SELF-REGULATION CURRICULUM CODIFICATION PROJECT 20,000

ST JAMES EPISCOPAL DAY SCHOOL

205 N 4TH ST
BATON ROUGE,LA70801 		    CARNIVAL RINGMASTER SPONSORSHIP 20,000

BATON ROUGE BALLET THEATRE

10745 LINKWOOD CT
BATON ROUGE,LA70810 		    NUTCRACKER - A TALE FROM THE BAYOU 22,500

SOCIETY OF ST VINCENT DE PAUL

220 ST VINCENT DE PAUL DR
BATON ROUGE,LA70802 		    2022 SUPPORT 25,000

ST ALOYSIUS SCHOOL

4001 MIMOSA ST
BATON ROUGE,LA70808 		    2023 ANNUAL GIFT 25,000

CHRISTUS ST FRANCES CABRINI FOUNDATION

3330 MASONC DR
ALEXANDRIA,LA71301 		    CHRISTUS CABRINI CANCER CENTER 25,000

ARTS COUNCIL OF GREATER BATON ROUGE

233 ST FERDINAND ST
BATON ROUGE,LA70802 		    DANCE FOR ALL, PHASE 3 25,000

YMCA OF THE CAPITAL AREA

350 S FOSTER DR
BATON ROUGE,LA70806 		    EQUITABLE ACCESS FOR ALL AT THE Y 25,000

BATON ROUGE CHILDREN'S ADVOCACY CNT

626 EAST BLVD
BATON ROUGE,LA70802 		    BATON ROUGE CHILDREN'S ADVOCACY CENTER 25,000

THE EMERGE FOUNDATION

7784 INNOVATION PARK DR
BATON ROUGE,LA70820 		    ANNUAL OPERATING SUPPORT 25,000

BATON ROUGE AREA FOUNDATION

100 NORTH ST 900
BATON ROUGE,LA70802 		    33 FUND 25,000

ST JOSEPH'S ACADEMY

3015 BROUSSARD ST
BATON ROUGE,LA70808 		    2023 ANNUAL GIFT 25,000

SOCIETY OF ST VINCENT DE PAUL

220 ST VINCENT DE PAUL DR
BATON ROUGE,LA70802 		    BISHOP OTT SWEET DREAMS SHELTER 25,000

SOCIETY OF ST VINCENT DE PAUL

220 ST VINCENT DE PAUL DR
BATON ROUGE,LA70802 		    HOLIDAY HELPERS 2022 25,000

PENNINGTON BIOMEDICAL RESEARCH FOUNDATION

6400 PERKINS ROAD
BATON ROUGE,LA70808 		    THE ANSWER 2023 25,000

FELICIANA AREA AGREC&MARKETING CORP

PO BOX 2066
CLINTON,LA70722 		    FELICIANA AREA AGRICULTURAL, RECREATION AND 25,000

ARTS COUNCIL OF GREATER BATON ROUGE

233 ST FERDINAND ST
BATON ROUGE,LA70802 		    DANCE FOR ALL 25,000

CAPITAL AREA ALLIANCE FOR THE HOMELESS

153 N 17TH ST
BATON ROUGE,LA70802 		    IMPROVING HEALTH & WELL-BEING OF THE UNHOUSED 25,000

CATHOLIC HIGH SCHOOL

855 HEARTHSTONE
BATON ROUGE,LA70806 		    2023 UNRESTRICTED GIFT 25,000

CAPITAL AREA UNITED WAY

700 LAUREL ST
BATON ROUGE,LA70802 		    225 GIVES CHALLENGE FUND SPONSORSHIP 25,000

CHILDREN'S HEALTH FUND

215 WEST 125TH STREET
NEW YORK,NY10027 		    ASSET MAPPING COMMUNITY - PROJECT EXTENSION 25,000

NORTH DELTA SCHOOL INC

330 GREEN WAVE LN
BATESVILLE,MS38606 		    LIGHT PROJECT FOR ATHLETIC FIELDS 25,000

UPLIFTDWCRC

1979 BEAUMONT DR
BATON ROUGE,LA70806 		    2023 UPLIFTD/WCRC GENERATOR 25,000

SLAUGHTER UNITED METHODIST CHURCH

828 EAST AVE
SLAUGHTER,LA70777 		    SLAUGHTER UMC RESTORE PROJECT 38,000

MANSHIP THEATRE

100 LAFAYETTE ST
BATON ROUGE,LA70801 		    PILOBOLUS AND THE BIG FIVE OH! 38,500

DENHAM SPRINGS CITY MARSHAL

116 N RANGE AVE
DENHAM SPRINGS,LA70726 		    DENHAM SPRINGS CITY MARSHAL 40,000

LOUISIANA ARTS & SCIENCE MUSEUM

100 S RIVER RD
BATON ROUGE,LA70801 		    LIGHTING UP THE IRENE PENNINGTON DOME 50,000

DUCKS UNLIMITED

1 WATERFOWL WAY
MEMPHIS,TN38120 		    WETLAND CONSERVATION AND EDUCATION IN 50,000

ATHLETES FOR HOPE

2 BETHESDA METRO CNTR SUITE 1320
BETHESDA,MD20814 		    ATHLETES FOR HOPE MENTAL HEALTH AND WELLNESS CAMPAIGN 50,000

AUDUBON STATE HISTORIC PARK & HOUSE

11788 LA-965
ST FRANCISVILLE,LA70775 		    HISTORIC LANDSCAPE ARCHITECTURE SURVEY & PLAN YEAR 2 50,000

TALLAHATCHIE GENERAL MEDICAL FOUNDATION

141 DR T T LEWIS CIR
CHARLESTON,MS38921 		    CHARLESTON RURAL HEALTH CLINIC 50,000

TOWN OF JACKSON MARSHAL'S OFFICE

1610 CHARTER ST
JACKSON,LA70748 		    2022 OFFICER COMMUNICATION & ACCOUNTABILITY EQUIPMENT 50,000

PENNINGTON BIOMEDICAL RESEARCH FOUNDATION

6400 PERKINS ROAD
BATON ROUGE,LA70808 		    ANNUAL FUND FOR EXCELLENCE 2022-2023 50,000

BREC FOUNDATION

6201 FLORIDA BLVD
BATON ROUGE,LA70806 		    PLAY 4 ALL UNIVERSAL PLAYGROUND 50,000

LIGHTHOUSE RANCH FOR BOYS

51453 LA HWY 443
LORANGER,LA70446 		    VO-TECH CENTER 50,000

TOWN OF CLINTON

11209 BANK ST
CLINTON,LA70722 		    PATROL UNITS 50,000

WEST BATON ROUGE SHERIFF'S OFFICE

850 8TH ST
PORT ALLEN,LA70767 		    DISASTER BOAT FIRE MARSHALL RESPONSE UNIT 57,701

UNITED CAJUN NAVY

2053 W MAGNA CARTA PL
BATON ROUGE,LA70815 		    UNITED CAJUN NAVY 60,500

UNITED CAJUN NAVY

2053 W MAGNA CARTA PL
BATON ROUGE,LA70815 		    EMERGENCY DUMP TRAILER & CONTAINERS 62,500

EAST BATON ROUGE SHERIFF'S OFFICE

8900 JIMMY WEDELL DR
BATON ROUGE,LA70807 		    MOBILE CRIME LAB 65,000

MOUNT ZION INNER CITY

356 TJ JEMISON BLVD
BATON ROUGE,LA70802 		    IBERVILLE PARISH SHERIFF'S OFFICE COMMUNITY 67,000

UNITED CAJUN NAVY

2053 W MAGNA CARTA PL
BATON ROUGE,LA70815 		    COMMUNICATION & TECHNOLOGY 70,000

UNITED CAJUN NAVY

2053 W MAGNA CARTA PL
BATON ROUGE,LA70815 		    EMERGENCY EQUIPMENT 75,000

IBERVILLE PARISH SHERIFF'S OFFICE

58050 MERIAM STREET PO BOX 231
PLAQUEMINE,LA70764 		    EQUIPMENT PURCHASE - ENCLOSED MOTORCYCLE TRAILER 77,440

EAST FELICIANA 4-H FOUNDATION

4419 IDLEWILD RD
CLINTON,LA70722 		    SHOOTING SPORTS ARCHERY IMPROVEMENTS 80,000

WEST FELICIANA PARISH SHERIFF'S OFFICE

4785 PROSPERITY ST
ST FRANCISVILLE,LA70775 		    WFPSO BODY WORN CAMERAS 91,360

UNITED CAJUN NAVY

2053 W MAGNA CARTA PL
BATON ROUGE,LA70815 		    EMERGENCY EQUIPMENT 93,560

LSU TIGER ATHLETIC FOUNDATION

PO BOX 711
BATON ROUGE,LA70821 		    LSU RECOVERY AND REHABILITATION SUITES 100,000

DUCKS UNLIMITED

1 WATERFOWL WAY
MEMPHIS,TN38120 		    WETLAND CONSERVATION AND EDUCATION IN 100,000

VILLAGE OF NORWOOD

13722 ELM STREET
NORWOOD,LA70761 		    MINI EXCAVATOR/BACKHOE 100,000

WEST FELICIANA PARISH SHERIFF'S OFFICE

4785 PROSPERITY ST
ST FRANCISVILLE,LA70775 		    WFPSO RADIO EQUIPMENT UPGRADE 100,000

SLAUGHTER COMMUNITY CHARTER SCHOOL

2944 LA 412
SLAUGHTER,LA70777 		    STUDENT ACTIVITIES, WELLNESS & COMMUNITY ENGAGEMENT 105,000

BATON ROUGE GENERAL FOUNDATION

8585 PICARDY AVE
BATON ROUGE,LA70809 		    RAISE THE BARN 130,000

EAST BATON ROUGE SHERIFF'S OFFICE

8900 JIMMY WEDELL DR
BATON ROUGE,LA70807 		    DIRECTOR OF SPECIAL PROJECTS SALARY 136,798

MISSION HEART INC

9655 PERKINS RD
BATON ROUGE,LA70810 		    MISSION HEART 2022/2023 153,000

WEST BATON ROUGE SHERIFF'S OFFICE

850 8TH ST
PORT ALLEN,LA70767 		    OPERATION TAKE DOWN / ACTIVE SHOOTER 185,000

CENTER FOR MIND BODY MEDICINE

5335 WISCONSIN AVE NW
WASHINGTON,DC20015 		    TRAINING POST COVID 190,000

EAST BATON ROUGE SHERIFF'S OFFICE

8900 JIMMY WEDELL DR
BATON ROUGE,LA70807 		    DIRECTOR OF SPECIAL PROJECTS SALARY 210,000

ASPEN INSTITUTE SPORTS & SOCIETY PROGRAM

2300 N ST NW SUITE 700
WASHINGTON,DC11788 		    STATE OF PLAY BATON ROUGE 250,000

SILLIMAN INSTITUTE

10830 BANK ST
CLINTON,LA70722 		    SILLIMAN INSTITUTE'S MIDDLE SCHOOL ENHANCEMENTS 250,000

UNITED CAJUN NAVY

2053 W MAGNA CARTA PL
BATON ROUGE,LA70815 		    UNITED CAJUN NAVY 260,000

EAST FELICIANA PARISH SHERIFF'S OFFICE

11315 BANK ST
CLINTON,LA70722 		    2022 DONATION 300,000

MCMANUS VOLUNTEER FIRE DEPARTMENT

5270 LA-10
JACKSON,LA70748 		    PROJECT FIRE ENGINE "TANKER/PUMPER" 400,000
Total .................................right arrow 3a 5,544,032
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 ........... 		    14 1,185  
4 Dividends and interest from securities ....     14 2,489,122  
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 ..... 522100 113,771 14 1,597,220  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,703,354  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 113,771 5,790,881 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,904,652
(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:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 11,500 0 0 0

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

TY 2023 DepreciationSchedule
Name:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
RUG 2008-06-30 604 302 200DB 7.000000000000 0 0 0  
RECEPTION DESK 2008-02-12 10,474 5,237 200DB 7.000000000000 0 0 0  
FILE CABINETS 2008-02-12 1,955 977 200DB 7.000000000000 0 0 0  
PHONE 2008-02-09 322 161 200DB 5.000000000000 0 0 0  
HEADSET 2008-06-25 301 150 200DB 5.000000000000 0 0 0  
OFFICE DECOR 2008-03-28 180 90 200DB 7.000000000000 0 0 0  
BENCHS/STOOLS 2008-03-28 2,200 1,098 200DB 7.000000000000 0 0 0  
4 DESK CHAIRS 2008-03-19 1,149 574 200DB 7.000000000000 0 0 0  
CREDENZA 2008-03-19 492 246 200DB 7.000000000000 0 0 0  
FURNITURE - 4 DRAWERS 2008-03-04 641 320 200DB 7.000000000000 0 0 0  
ART - DAY 39 2008-04-16 2,889 1,444 200DB 7.000000000000 0 0 0  
ART - BAMBOO SONG 2008-04-16 2,256 1,128 200DB 7.000000000000 0 0 0  
COMPUTER MONITOR 2008-03-27 273 136 200DB 5.000000000000 0 0 0  
DESKTOP 2008-02-27 941 469 200DB 5.000000000000 0 0 0  
DESKTOP 2008-02-27 941 469 200DB 5.000000000000 0 0 0  
MONITOR 2008-02-27 255 127 200DB 5.000000000000 0 0 0  
MONITOR 2008-02-27 255 127 200DB 5.000000000000 0 0 0  
MONITOR 2008-02-27 255 127 200DB 5.000000000000 0 0 0  
LAPTOP 2008-02-27 2,726 1,363 200DB 5.000000000000 0 0 0  
LAPTOP 2008-02-27 2,726 1,363 200DB 5.000000000000 0 0 0  
PRINTER 2008-02-27 462 231 200DB 5.000000000000 0 0 0  
PHONE SYSTEM 2008-02-27 6,848 3,423 200DB 5.000000000000 0 0 0  
NETWORK BACKUP SYSTEM 2008-02-27 680 340 200DB 5.000000000000 0 0 0  
RUG 2008-02-18 1,356 678 200DB 7.000000000000 0 0 0  
ART - CANNAS 2008-02-20 4,796 2,398 200DB 7.000000000000 0 0 0  
3 CHAIRS 2008-02-12 2,397 1,198 200DB 7.000000000000 0 0 0  
4 TABLES 2008-02-09 1,818 909 200DB 7.000000000000 0 0 0  
WORKTOP TABLE 2008-02-09 2,255 1,127 200DB 7.000000000000 0 0 0  
CREDENZA 2008-02-09 3,248 1,624 200DB 7.000000000000 0 0 0  
TABLE 2008-02-09 764 382 200DB 7.000000000000 0 0 0  
SOFA 2008-02-09 1,758 878 200DB 7.000000000000 0 0 0  
2 ARMCHAIRS 2008-02-09 1,986 993 200DB 7.000000000000 0 0 0  
2 METAL ARMCHAIRS 2008-02-09 3,502 1,750 200DB 7.000000000000 0 0 0  
2 WHITE ARMCHAIRS 2008-02-09 723 360 200DB 7.000000000000 0 0 0  
ROUND TABLE 2008-02-09 318 159 200DB 7.000000000000 0 0 0  
WORKTOP TABLE 2008-02-09 2,255 1,127 200DB 7.000000000000 0 0 0  
8 ASH CHAIRS 2008-02-09 2,679 1,339 200DB 7.000000000000 0 0 0  
LAMP 2008-02-09 593 294 200DB 7.000000000000 0 0 0  
2 MINI LAMPS 2008-02-09 644 322 200DB 7.000000000000 0 0 0  

TY 2023 InvestmentsOtherSchedule2
Name:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
UBS ACCOUNTS AT COST 857,849 857,849
PENCO ENERGY AT COST 84,806 84,806
THEMELIOS VENTURES II AT COST 1,121,590 1,121,590
THEMELIOS VENTURES AT COST 4,071,802 4,071,802
PORTFOLIO ADVISORS FUND AT COST 548,189 548,189
ARES EUROPEAN REAL ESTATE FEEDER AT COST 1,198,448 1,198,448
1980 PARTNERSHIP AT COST 15,377,676 15,377,676

TY 2023 LandEtcSchedule2
Name:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
RUG 604 604 0  
RECEPTION DESK 10,474 10,474 0  
FILE CABINETS 1,955 1,955 0  
PHONE 322 322 0  
HEADSET 301 301 0  
OFFICE DECOR 180 180 0  
BENCHS/STOOLS 2,200 2,198 2  
4 DESK CHAIRS 1,149 1,149 0  
CREDENZA 492 492 0  
FURNITURE - 4 DRAWERS 641 641 0  
ART - DAY 39 2,889 2,889 0  
ART - BAMBOO SONG 2,256 2,256 0  
COMPUTER MONITOR 273 273 0  
DESKTOP 941 940 1  
DESKTOP 941 940 1  
MONITOR 255 255 0  
MONITOR 255 255 0  
MONITOR 255 255 0  
LAPTOP 2,726 2,726 0  
LAPTOP 2,726 2,726 0  
SOFTWARE 1,916 1,916 0  
PRINTER 462 462 0  
PHONE SYSTEM 6,848 6,847 1  
NETWORK BACKUP SYSTEM 680 680 0  
RUG 1,356 1,356 0  
ART - CANNAS 4,796 4,796 0  
3 CHAIRS 2,397 2,397 0  
4 TABLES 1,818 1,818 0  
WORKTOP TABLE 2,255 2,255 0  
CREDENZA 3,248 3,248 0  
TABLE 764 764 0  
SOFA 1,758 1,757 1  
2 ARMCHAIRS 1,986 1,986 0  
2 METAL ARMCHAIRS 3,502 3,501 1  
2 WHITE ARMCHAIRS 723 722 1  
ROUND TABLE 318 318 0  
WORKTOP TABLE 2,255 2,255 0  
8 ASH CHAIRS 2,679 2,679 0  
LAMP 593 591 2  
2 MINI LAMPS 644 644 0  


TY 2023 LegalFeesSchedule
Name:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 5,327 0 0 0


TY 2023 OtherAssetsSchedule
Name:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEPOSITS 900 900 900


TY 2023 OtherDecreasesSchedule
Name:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Description Amount
NONDEDUCTIBLE EXPENSE 667,532
OTHER CHANGES IN FUND BALANCE - PRIOR YEAR BALANCES, CLOSURE OF INVESTMENT 101,431,346


TY 2023 OtherExpensesSchedule
Name:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BOND PREMIUM 20,607 20,607 0 0
COMPUTER SERVICES 10,301 0 0 0
DEDUCTIONS - 1980 PARTNERSHIP 67,501 67,501 0 0
DEDUCTIONS - ALPHAKEYS 15,008 15,008 0 0
DEDUCTIONS - EVERGREEN 332,022 332,022 0 0
DEDUCTIONS - FALCON 2,091 0 0 0
DEDUCTIONS - PENNCO 11,899 11,899 0 0
DEDUCTIONS - RREF III-U DEBT DOMESTIC 5,430 5,430 0 0
DEDUCTIONS - THEMELIOS VENTURES 1,117 1,117 0 0
DUES & SUBSCRIPTIONS 11,482 0 0 0
HEDGE FUND INCOME 543,987 543,987 0 0
INSURANCE 12,956 0 0 0
INVESTMENT EXPENSES 93,169 93,169 0 0
MEALS & ENTERTAINMENT 4,453 0 0 0
OFFICE EXPENSE 17,181 0 0 0
POSTAGE 299 0 0 0
TELEPHONE EXPENSE 687 0 0 0
TRAVEL 14,475 0 0 0
EDUCATION / SEMINARS 618 0 0 0
SPECIAL EVENTS 760 0 0 0
STORAGE - DORMANT FILES 760 0 0 0


TY 2023 OtherIncomeSchedule2
Name:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
1980 PARTNERSHIP - ROYALTIES 186,035 186,035  
FALCON V - ROYALTIES 38,020 38,020  
JP OIL HOLDINGS, LLC INCOME 2,033 2,033  
MISCELLANEOUS INCOME 63,310 63,310  
NON-PTP - OTHER INCOME 897,470 897,470  
NON-PTP - RENTAL INCOME 623 623  
NON-PTP - TAX-EXEMPT INCOME 51,387 51,387  
PENNCO ENERGY, INC. - ORDINARY INCOME 97,208 97,208  
PENNCO ENERGY, INC. - ROYALTIES 113,771 0  
PTP - ORDINARY INCOME 59,062 59,062  
PTP - RENTAL INCOME 28 28  
THEMELIOS VENTURES - ORDINARY INCOME 195,445 195,445  
EVERGREEN - OTHER INCOME 6,599 6,599  


TY 2023 OtherIncreasesSchedule
Name:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Description Amount
NONTAXABLE DISTRIBUTIONS 138,026
REFUNDS 44,345


TY 2023 OtherProfessionalFeesSchedule
Name:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK CHARGES 0 0 0 0
INVESTMENT FEES 403,863 403,863 0 0
CONSULTING FEES 96,306 0 0 0


TY 2023 TaxesSchedule
Name:
IRENE W AND C B PENNINGTON FOUNDATION
EIN:
72-0938097
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX 10,879 0 0 0
FOREIGN TAX 30,134 0 0 0
PAYROLL TAX 25,024 0 0 0