TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
UNIVERSITY OF MOBILE TRUST UW
J L BEDSOLE

Number and street (or P.O. box number if mail is not delivered to street address)REGIONS BANK PO DRAWER 1628
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MOBILE, AL366331628

A Employer identification number

63-6121439

B Telephone number (see instructions)

(251) 438-8044

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$435,025J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	9,074		9,074
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		5,767
b	Gross sales price for all assets on line 6a 108,267
7	Capital gain net income (from Part IV, line 2)...			5,767
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).......
12	Total. Add lines 1 through 11........	14,841		14,841
13	Compensation of officers, directors, trustees, etc.	6,306		6,306	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,250	0	1,250
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	141	141	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	260	260	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	7,957		6,707	1,250
25	Contributions, gifts, grants paid.......	30,000			30,000
26	Total expenses and disbursements. Add lines 24 and 25	37,957		6,707	31,250
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-23,116
b	Net investment income (if negative, enter -0-)			8,134
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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	9,687	13,241	13,241
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	53,077	List of Attached Documents: // Content 61,263	53,923
	b	Investments—corporate stock (attach schedule).......	168,583	List of Attached Documents: // Content 148,421	217,792
	c	Investments—corporate bonds (attach schedule).......	175,543	List of Attached Documents: // Content 160,813	150,069
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	406,890	383,738	435,025
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		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
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	406,890	383,738
	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).....	406,890	383,738
	30	Total liabilities and net assets/fund balances (see instructions).	406,890	383,738

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

406,890

Enter amount from Part I, line 27a .....................

-23,116

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

383,774

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

383,738

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
1 a	PUBLICLY TRADED SECURITIES	P
b	PUBLICLY TRADED SECURITIES	P
c	CAPITAL GAINS DIVIDENDS	P
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	22,938	22,799	139
b	84,603	79,701	4,902
c	726		726
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			139
b			4,902
c			726
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	5,767
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	113
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	113
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	113
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	732
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	732
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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	619
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax619	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

REGIONS BANK TRUST DEPT Telephone no. right arrow

(251) 438-8044

Located at right arrow

11 NORTH WATER ST 28TH FLOORMOBILEAL ZIP+4 right arrow

36602

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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 TRUST DEPARTMENT	TRUSTEE 1.00	6,306	0	0
PO DRAWER 1628 MOBILE,AL366331628	TRUSTEE 1.00	6,306	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

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 arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

410,197

Average of monthly cash balances.......................

10,821

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

421,018

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

421,018

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

6,315

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

414,703

Minimum investment return. Enter 5% (0.05) of line 5................

20,735

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.)

Minimum investment return from Part IX, line 6..................

20,735

Tax on investment income for 2022 from Part V, line 5.......

113

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

113

Distributable amount before adjustments. Subtract line 2c from line 1............

20,622

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

20,622

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

20,622

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

31,250

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

31,250

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					20,622
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......	6,907
b From 2019......	7,544
c From 2020......	7,267
d From 2021......	5,510
e From 2022......	8,678
f Total of lines 3a through e ........		35,906
4Qualifying distributions for 2023 from Part
XI, line 4: $ 31,250
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.....					20,622
e Remaining amount distributed out of corpus		10,628
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		46,534
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) ...		6,907
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		39,627
10 Analysis of line 9:
a Excess from 2019....	7,544
b Excess from 2020....	7,267
c Excess from 2021....	5,510
d Excess from 2022....	8,678
e Excess from 2023....	10,628

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2023)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
UNIVERSITY OF MOBILE 5735 COLLEGE PARKWAY MOBILE,AL36613	NONE	PC	OPERATIONS	30,000
Total ................................. 3a				30,000

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	9,074
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	5,767
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) ..		0		14,841	0

13Total. Add line 12, columns (b), (d), and (e)..................

14,841

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 AccountingFeesSchedule

Name:

UNIVERSITY OF MOBILE TRUST UW

J L BEDSOLE

EIN:

63-6121439

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX RETURN PREPARATION	1,250	0		1,250

- TIN:

TY 2023 InvestmentsCorpBondsSchedule

Name:

UNIVERSITY OF MOBILE TRUST UW

J L BEDSOLE

EIN:

63-6121439

Name of Bond	End of Year Book Value	End of Year Fair Market Value
AIR LEASE CORP 3.75% 01 JUN 2026 - 2000 PAR	1,905	1,930
AMERICAN TOWER CORP 5.8% 15 NOV 2028 - 2000 PAR	2,003	2,078
ANHEUSER-BUSCH INBEV WORLDWIDE INC 4.9% 23 JAN 2031 - 2000 PAR	2,280	2,084
AT&T INC 4.5% 15 MAY 2035 - 2000 PAR	1,956	1,898
BANK OF AMERICA CORP 6.11% 29 JAN 2037 - 2000 PAR	1,992	2,136
BANK OF AMERICA CORP VARIABLE 3.559% 23 APR 2027 - 2000 PAR	2,049	1,925
BANK OF NEW YORK MELLON CORP/THE .75% 28 JAN 2026 - 2000 PAR	1,987	1,843
BANK OF NOVA SCOTIA/THE 1.05% 02 MAR 2026 - 2000 PAR	1,982	1,843
BANK OF NOVA SCOTIA/THE 2.2% 03 FEB 2025 - 2000 PAR	2,016	1,939
BERKSHIRE HATHAWAY FINANCE CORP 4.25% 15 JAN 2049 - 2000 PAR	2,369	1,871
BLACKROCK INC 1.9% 28 JAN 2031 - 3000 PAR	2,812	2,534
BP CAPITAL MARKETS AMERICA INC 3.796% 21 SEP 2025 - 2000 PAR	2,059	1,972
CAPITAL ONE FINANCIAL CORP 3.65% 11 MAY 2027 - 2000 PAR	2,000	1,910
CHARLES SCHWAB CORP/THE .9% 11 MAR 2026 - 2000 PAR	1,994	1,834
CITIGROUP INC VARIABLE 6.033791% 30 OCT 2024 - 3000 PAR	3,000	3,002
COMCAST CORP 3.75% 01 APR 2040 - 3000 PAR	3,129	2,581
EQUINOR ASA 3.7% 01 MAR 2024 - 2000 PAR	2,010	1,994
FANNIE MAE POOL FN 735580 5% 01 JUN 2035 - 13000 PAR	171	170
FANNIE MAE POOL FN 735997 5.5% 01 NOV 2035 - 19000 PAR	211	211
FANNIE MAE POOL FN 745418 5.5% 01 APR 2036 - 49000 PAR	499	505
FANNIE MAE POOL FN 745950 6% 01 NOV 2036 - 49000 PAR	451	463
FANNIE MAE POOL FN 995018 5.5% 01 JUN 2038 - 6000 PAR	50	50
FANNIE MAE POOL FN AA7236 4% 01 JUN 2039 - 2000 PAR	92	88
FANNIE MAE POOL FN AD6432 4.5% 01 JUN 2040 - 3000 PAR	84	82
FANNIE MAE POOL FN AE0271 5% 01 AUG 2040 - 6000 PAR	198	192
FANNIE MAE POOL FN AE0981 3.5% 01 MAR 2041 - 3000 PAR	211	196
FANNIE MAE POOL FN AE3066 3.5% 01 SEP 2025 - 5000 PAR	37	36
FANNIE MAE POOL FN AH5575 4% 01 FEB 2041 - 3000 PAR	175	168
FANNIE MAE POOL FN AH6827 4% 01 MAR 2026 - 5000 PAR	53	52
FANNIE MAE POOL FN AJ7715 3% 01 DEC 2026 - 4000 PAR	152	147
FANNIE MAE POOL FN AL0054 4.5% 01 FEB 2041 - 5000 PAR	275	265
FANNIE MAE POOL FN AL0393 4.5% 01 JUN 2041 - 2000 PAR	142	139
FANNIE MAE POOL FN AL0578 3.5% 01 AUG 2026 - 5000 PAR	97	94
FANNIE MAE POOL FN AO2993 3.5% 01 MAY 2042 - 1000 PAR	111	104
FANNIE MAE POOL FN AQ0546 3.5% 01 NOV 2042 - 2000 PAR	247	234
FANNIE MAE POOL FN AS6191 3.5% 01 NOV 2045 - 2000 PAR	360	329
FANNIE MAE POOL FN AT2062 2.5% 01 APR 2028 - 2000 PAR	186	178
FANNIE MAE POOL FN AT2720 3% 01 MAY 2043 - 2000 PAR	448	407
FANNIE MAE POOL FN AU3735 3% 01 AUG 2043 - 2000 PAR	429	395
FANNIE MAE POOL FN AV2359 4% 01 JAN 2044 - 6000 PAR	874	835
FANNIE MAE POOL FN AZ4750 3.5% 01 OCT 2045 - 9000 PAR	1,891	1,675
FANNIE MAE POOL FN BH9288 4% 01 FEB 2048 - 4000 PAR	1,456	1,376
FANNIE MAE POOL FN BJ9169 4% 01 MAY 2048 - 7000 PAR	906	840
FANNIE MAE POOL FN BM3459 3.5% 01 FEB 2033 - 2000 PAR	604	582
FANNIE MAE POOL FN BM5017 3% 01 MAR 2030 - 6000 PAR	1,520	1,449
FANNIE MAE POOL FN CA4557 3.5% 01 NOV 2049 - 8000 PAR	3,054	2,680
FANNIE MAE POOL FN CA6635 2.5% 01 AUG 2050 - 6000 PAR	3,811	3,682
FANNIE MAE POOL FN CA7028 2.5% 01 SEP 2050 - 9000 PAR	5,515	5,618
FANNIE MAE POOL FN CB3292 2.5% 01 APR 2052 - 4000 PAR	3,244	2,979
FANNIE MAE POOL FN FM1148 3.5% 01 DEC 2048 - 11000 PAR	1,850	1,684
FANNIE MAE POOL FN FM1454 2.5% 01 SEP 2028 - 5000 PAR	1,202	1,153
FANNIE MAE POOL FN FM1456 2.5% 01 SEP 2028 - 4000 PAR	969	929
FANNIE MAE POOL FN FM4956 3% 01 AUG 2050 - 5000 PAR	3,288	2,794
FANNIE MAE POOL FN FS2009 3% 01 MAY 2052 - 4000 PAR	3,360	3,167
FANNIE MAE POOL FN MA1062 3% 01 MAY 2027 - 3000 PAR	131	126
FEDERAL HOME LOAN MORTGAGE CORP 6.25% 15 JUL 2032 - 4000 PAR	5,109	4,637
FIDELITY NATIONAL INFORMATION SERVICES INC 1.65% 01 MAR 2028 - 2000 PAR	1,950	1,784
FREDDIE MAC GOLD POOL FG A89385 4.5% 01 OCT 2039 - 8000 PAR	237	229
FREDDIE MAC GOLD POOL FG A95147 4% 01 NOV 2040 - 3000 PAR	183	173
FREDDIE MAC GOLD POOL FG G05408 5% 01 DEC 2036 - 5000 PAR	86	85
FREDDIE MAC GOLD POOL FG G05937 4.5% 01 AUG 2040 - 3000 PAR	88	86
FREDDIE MAC GOLD POOL FG G08551 4% 01 OCT 2043 - 1000 PAR	75	71
FREDDIE MAC GOLD POOL FG G08681 3.5% 01 DEC 2045 - 4000 PAR	552	507
FREDDIE MAC GOLD POOL FG G08756 3% 01 APR 2047 - 7000 PAR	1,941	1,732
FREDDIE MAC GOLD POOL FG G18536 2.5% 01 JAN 2030 - 4000 PAR	484	458
FREDDIE MAC GOLD POOL FG G18557 3% 01 JUN 2030 - 2000 PAR	290	277
FREDDIE MAC GOLD POOL FG G60080 3.5% 01 JUN 2045 - 2000 PAR	456	420
FREDDIE MAC GOLD POOL FG J17508 3% 01 DEC 2026 - 5000 PAR	159	154
FREDDIE MAC POOL FR RA6388 2.5% 01 DEC 2051 - 5000 PAR	4,227	3,648
FREDDIE MAC POOL FR RA6567 3% 01 DEC 2051 - 11000 PAR	8,108	8,262
FREDDIE MAC POOL FR SB0361 3% 01 JUL 2035 - 5000 PAR	2,103	1,905
FREDDIE MAC POOL FR SD0612 2.5% 01 NOV 2050 - 5000 PAR	3,814	3,198
FREDDIE MAC POOL FR ZK7591 2.5% 01 NOV 2028 - 18000 PAR	2,489	2,343
FREDDIE MAC POOL FR ZM6968 4% 01 JUN 2048 - 6000 PAR	670	627
GILEAD SCIENCES INC 3.65% 01 MAR 2026 - 2000 PAR	1,998	1,959
GOLDMAN SACHS GROUP INC/THE VARIABLE 2.65% 21 OCT 2032 - 3000 PAR	2,932	2,500
HORMEL FOODS CORP .65% 03 JUN 2024 - 2000 PAR	1,989	1,960
HSBC HOLDINGS PLC VARIABLE 3.973% 22 MAY 2030 - 2000 PAR	1,943	1,870
INTEL CORP 2% 12 AUG 2031 - 3000 PAR	2,991	2,533
INTERNATIONAL BUSINESS MACHINES CORP 3.45% 19 FEB 2026 - 2000 PAR	2,025	1,949
INTERNATIONAL BUSINESS MACHINES CORP 3.5% 15 MAY 2029 - 2000 PAR	2,095	1,909
JPMORGAN CHASE & CO VARIABLE 3.782% 01 FEB 2028 - 4000 PAR	4,033	3,864
KROGER CO/THE 2.65% 15 OCT 2026 - 2000 PAR	1,996	1,890
LLOYDS BANKING GROUP PLC 4.375% 22 MAR 2028 - 2000 PAR	2,003	1,956
LOWE'S COS INC 3.65% 05 APR 2029 - 2000 PAR	2,087	1,930
MOLSON COORS BEVERAGE CO 5% 01 MAY 2042 - 2000 PAR	2,088	1,932
MORGAN STANLEY 3.7% 23 OCT 2024 - 2000 PAR	2,000	1,974
PROCTER & GAMBLE CO/THE 3% 25 MAR 2030 - 2000 PAR	2,017	1,874
ROYAL BANK OF CANADA .875% 20 JAN 2026 - 5000 PAR	4,974	4,638
SHELL INTERNATIONAL FINANCE BV 2.375% 07 NOV 2029 - 2000 PAR	2,004	1,801
SOUTHERN CO/THE 3.7% 30 APR 2030 - 2000 PAR	2,076	1,887
SYSCO CORP 3.3% 15 FEB 2050 - 3000 PAR	2,688	2,206
TOYOTA MOTOR CREDIT CORP .8% 09 JAN 2026 - 2000 PAR	1,989	1,856
TOYOTA MOTOR CREDIT CORP 1.125% 18 JUN 2026 - 2000 PAR	1,999	1,848
TRUIST FINANCIAL CORP 1.267% 02 MAR 2027 - 2000 PAR	1,981	1,831
VERIZON COMMUNICATIONS INC .85% 20 NOV 2025 - 2000 PAR	1,987	1,858

- TIN:

TY 2023 InvestmentsCorpStockSchedule

Name:

UNIVERSITY OF MOBILE TRUST UW

J L BEDSOLE

EIN:

63-6121439

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADOBE INC - 4 SHS	1,956	2,386
ALPHABET INC - 28 SHS	438	3,911
AMAZON.COM INC - 28 SHS	2,208	4,254
APPLE INC - 39 SHS	764	7,509
ARTISAN DEVELOPING WORLD FUND - 380.561 SHS	5,203	6,416
ARTISAN MID CAP FUND - 105.949 SHS	4,109	4,406
BARON EMERGING MARKETS FUND - 1039.073 SHS	13,282	14,568
BLACKROCK INC - 2 SHS	410	1,624
CHEVRON CORP - 7 SHS	704	1,044
CHUBB LTD - 6 SHS	672	1,356
COSTCO WHOLESALE CORP - 3 SHS	1,029	1,980
DEXCOM INC - 11 SHS	1,216	1,365
EATON CORP PLC - 9 SHS	480	2,167
ELI LILLY & CO - 5 SHS	374	2,915
EXXON MOBIL CORP - 22 SHS	1,213	2,200
FIFTH THIRD BANCORP - 30 SHS	983	1,035
FISERV INC - 9 SHS	1,134	1,196
FORTIVE CORP - 20 SHS	1,441	1,473
GOLDMAN SACHS GROUP INC/THE - 3 SHS	923	1,157
HARDING LOEVNER INTERNATIONAL EQUITY PORTFOLIO - 391.106 SHS	8,330	10,149
HERSHEY CO/THE - 6 SHS	1,350	1,119
HOME DEPOT INC/THE - 5 SHS	677	1,733
HONEYWELL INTERNATIONAL INC - 8 SHS	573	1,678
INTUIT INC - 3 SHS	264	1,875
ISHARES CORE S&P MID-CAP ETF - 39 SHS	5,522	10,809
ISHARES CORE S&P SMALL-CAP ETF - 105 SHS	5,979	11,366
ISHARES S&P SMALL-CAP 600 VALUE ETF - 69 SHS	6,730	7,112
JOHN HANCOCK DISCIPLINED VALUE MID CAP FUND - 244.403 SHS	6,410	6,687
JPMORGAN CHASE & CO - 11 SHS	358	1,871
MASTERCARD INC - 6 SHS	1,992	2,559
MCDONALD'S CORP - 5 SHS	585	1,483
MERCK & CO INC - 20 SHS	1,319	2,180
META PLATFORMS INC - 7 SHS	1,265	2,478
MICROSOFT CORP - 22 SHS	2,210	8,273
MONDELEZ INTERNATIONAL INC - 21 SHS	1,139	1,521
NETFLIX INC - 4 SHS	1,378	1,948
NEXTERA ENERGY INC - 15 SHS	204	911
NVIDIA CORP - 10 SHS	809	4,952
PACKAGING CORP OF AMERICA - 8 SHS	1,120	1,303
PIONEER NATURAL RESOURCES CO - 3 SHS	492	675
PPG INDUSTRIES INC - 7 SHS	849	1,047
PROGRESSIVE CORP/THE - 8 SHS	1,148	1,274
PULTEGROUP INC - 23 SHS	1,197	2,374
QUALCOMM INC - 11 SHS	794	1,591
S&P GLOBAL INC - 4 SHS	1,861	1,762
SALESFORCE INC - 7 SHS	1,140	1,842
SBA COMMUNICATIONS CORP - 4 SHS	1,218	1,015
SCHWAB FUNDAMENTAL INTERNATIONAL LARGE COMPANY INDEX - 594 SHS	16,254	20,036
STRYKER CORP - 7 SHS	1,796	2,096
TESLA INC - 6 SHS	1,857	1,491
THERMO FISHER SCIENTIFIC INC - 3 SHS	109	1,592
TJX COS INC/THE - 19 SHS	1,306	1,782
T-MOBILE US INC - 5 SHS	620	802
TRANSDIGM GROUP INC - 1 SHS	822	1,012
UNITED PARCEL SERVICE INC - 8 SHS	846	1,258
UNITEDHEALTH GROUP INC - 5 SHS	1,636	2,632
VANGUARD INTERNATIONAL GROWTH FUND - 190.642 SHS	19,763	19,409
VIRTUS KAR SMALL-CAP GROWTH FUND - 128.892 SHS	4,269	4,314
WALMART INC - 5 SHS	432	788
WALT DISNEY CO/THE - 14 SHS	1,312	1,264
XCEL ENERGY INC - 16 SHS	1,124	991
ZOETIS INC - 9 SHS	823	1,776

- TIN:

TY 2023 InvestmentsGovtObligationsSch

Name:

UNIVERSITY OF MOBILE TRUST UW

J L BEDSOLE

EIN:

63-6121439

US Government Securities - End of Year Book Value:

61,263

US Government Securities - End of Year Fair Market Value:

53,923

State & Local Government Securities - End of Year Book Value:

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

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

UNIVERSITY OF MOBILE TRUST UW

J L BEDSOLE

EIN:

63-6121439

Description	Amount
TIMING DIFFERENCES - YEAR END ADJUSTMEMT	36

- TIN:

TY 2023 OtherExpensesSchedule

Name:

UNIVERSITY OF MOBILE TRUST UW

J L BEDSOLE

EIN:

63-6121439

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT EXPENSES	260	260		0

- TIN:

TY 2023 TaxesSchedule

Name:

UNIVERSITY OF MOBILE TRUST UW

J L BEDSOLE

EIN:

63-6121439

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX PAID	141	141		0