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
C E AND S FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)101 SOUTH 5TH STREET SUITE 1650
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY40202
A Employer identification number

59-2466943
B Telephone number (see instructions)

(502) 583-0546
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$74,663,120J Accounting method:
modified cash
(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) 560,504
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,348,443 1,556,141  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 410,048
b Gross sales price for all assets on line 6a 3,454,294
7 Capital gain net income (from Part IV, line 2)... 464,015
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
0 -38,649  
12 Total. Add lines 1 through 11........ 2,318,995 1,981,507  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 250,000 25,000   225,000
14 Other employee salaries and wages...... 325,363 32,536   292,827
15 Pension plans, employee benefits....... 87,275 8,728   78,547
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
534 0   534
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,026 0   10,026
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
250,941 224,653   26,288
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
29,858 3,011   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 67,583 6,758   60,825
21 Travel, conferences, and meetings....... 8,019 802   7,217
22 Printing and publications.......... 548 55   493
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
63,034 336,899   57,186
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,093,181 638,442   758,943
25 Contributions, gifts, grants paid....... 4,062,144 4,373,800
26 Total expenses and disbursements. Add lines 24 and 25 5,155,325 638,442   5,132,743
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,836,330
b Net investment income (if negative, enter -0-) 1,343,065
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 734,461 953,843 953,843
2 Savings and temporary cash investments......... 571,600 850,689 850,689
3 Accounts receivable right arrow2,734,646
Less: allowance for doubtful accounts right arrow     2,734,646 2,734,646
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,089,862 Click to see attachment
List of Attached Documents:
// Content
2,471,177 		2,471,177
b Investments—corporate stock (attach schedule)....... 3,615,696 Click to see attachment
List of Attached Documents:
// Content
4,638,938 		4,638,938
c Investments—corporate bonds (attach schedule)....... 3,179,013 Click to see attachment
List of Attached Documents:
// Content
3,656,374 		3,656,374
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).......... 61,542,462 Click to see attachment
List of Attached Documents:
// Content
59,249,220 		59,249,220
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
97,266 		Click to see attachment
List of Attached Documents:
// Content
108,233 		Click to see attachment
List of Attached Documents:
// Content
108,233
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 71,830,360 74,663,120 74,663,120
Liabilities 17 Accounts payable and accrued expenses.......... 2,172 2,229
18 Grants payable................. 2,478,500 2,164,500
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)......... 2,480,672 2,166,729
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 69,349,688 72,496,391
29 Total net assets or fund balances (see instructions)..... 69,349,688 72,496,391
30 Total liabilities and net assets/fund balances (see instructions). 71,830,360 74,663,120
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
69,349,688
2
Enter amount from Part I, line 27a .....................
2
-2,836,330
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
5,983,033
4
Add lines 1, 2, and 3 ..........................
4
72,496,391
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
72,496,391
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 CHARLES SCHWAB #6613 - DETAIL MAINTAINED P    
b CHARLES SCHWAB #9817 - DETAIL MAINTAINED P    
c CHARLES SCHWAB #0566 - DETAIL MAINTAINED P    
d CHARLES SCHWAB #1303 - DETAIL MAINTAINED P    
e K-1 GAIN 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 2,108,482   2,164,781 -56,299
b 546,694   611,800 -65,106
c 197,902   176,373 21,529
d 547,249   37,325 509,924
e 53,967     53,967
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       -56,299
b       -65,106
c       21,529
d       509,924
e       53,967
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 2 464,015
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 18,669
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 18,669
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 18,669
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 17,764
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 17,764
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 905
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
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowKY, DE, CA, NY, CO, FL, LA, MD, UT
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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowCESFOUNDATION.COM
14
The books are in care ofright arrowTESS MCNAIR EXECUTIVE DIRECTOR Telephone no.right arrow (502) 583-0546

Located atright arrow101 SOUTH 5TH STREET STE 1650LOUISVILLEKY ZIP+4right arrow40202
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CAROL L JONES PRESIDENT, DIRECTOR
5.00 		0 0 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
MATTHEW L JONES DIRECTOR
5.00 		0 0 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
TESS P MCNAIR EXECUTIVE DIRECTOR, SECRETARY
50.00 		250,000 25,000 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
DAVID A JONES JR DIRECTOR
5.00 		0 0 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
DAVID WESSEL TREASURER
5.00 		0 0 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
MARY GWEN WHEELER DIRECTOR
5.00 		0 0 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NICOLE DIEBOLD PROGRAM OFFICER
40.00 		109,464 9,951 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
ELIZABETH ALKIRE PROGRAM OFFICER
40.00 		104,750 10,475 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
KATHERINE CZERWONKA GRANTS AND ACCOUNTIN
40.00 		75,525 7,552 0
101 S 5TH ST ST 1650
LOUISVILLE,KY40202
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
BBR PARTNERS LLC INVESTMENT MANAGEMENT 173,858
140 E 45TH STREET 26TH FLOOR
NEW YORK,NY10017
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 NONE 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 NONE 0
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
72,620,269
b
Average of monthly cash balances.......................
1b
991,838
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
73,612,107
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
73,612,107
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,104,182
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
72,507,925
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,625,396
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,625,396
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
18,669
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
16,321
c
Add lines 2a and 2b............................
2c
34,990
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,590,406
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,590,406
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,590,406
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
5,132,743
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
5,132,743
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 3,590,406
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...... 488,516
b From 2019...... 672,748
c From 2020...... 2,767,062
d From 2021...... 259,784
e From 2022...... 1,027,042
f Total of lines 3a through e ........ 5,215,152
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 5,132,743
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..... 3,590,406
e Remaining amount distributed out of corpus 1,542,337
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 6,757,489
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) ... 		488,516
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		6,268,973
10 Analysis of line 9:
a Excess from 2019.... 672,748
b Excess from 2020.... 2,767,062
c Excess from 2021.... 259,784
d Excess from 2022.... 1,027,042
e Excess from 2023.... 1,542,337
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:
TESS P MCNAIR EXECUTIVE DIRECTOR
101 SOUTH 5TH STREET SUITE 1650
LOUISVILLE,KY40202
(502) 583-0546
bThe form in which applications should be submitted and information and materials they should include:
SEE CESFOUNDATION.COM, "GRANTSEEKERS" FOR APPLICATION INFORMATION.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE CESFOUNDATION.COM, HOME PAGE "AREAS OF FOCUS" FOR AWARD INFORMATION.
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

21ST CENTURY PARKS INC

471 WEST MAIN STREET SUITE 202
LOUISVILLE,KY40202 		N/A PC GENERAL OPERATING EXPENSES 2,500

2NOT1 FATHERHOOD & FAMILIES INC

1600 W ST CATHERINE STREET
LOUISVILLE,KY40210 		N/A PC PROGRAMMING FOR PARENTS AND YOUTH 30,000

300FOR300

102 LYNNWOOD DRIVE
CLARKSVILLE,IN47129 		N/A PC GENERAL OPERATING SUPPORT 10,000

A FUND INC

PO BOX 221286
LOUISVILLE,KY40252 		N/A PC GENERAL OPERATING SUPPORT 2,000

ACADEMY OF MUSIC PRODUCTION EDUCATION AND DEVELOPMENT

1219 W JEFFERSON
LOUISVILLE,KY40203 		N/A PC AMPED TECHNOLOGY WORKFORCE DEVELOPMENT PROGRAM 50,000

AMERICAN FRIENDS OF LEIPZIG BACH-ARCHIVE INC

11A MOUNT AUBURN STREET
CAMBRIDGE,MA02138 		N/A PC GENERAL OPERATING SUPPORT 2,000

AMERICAN FRIENDS OF THE THREE CHOIRS FESTIVAL INC

1419 MONTROSE BLVD UNIT 401
HOUSTON,TX77019 		N/A PC SUPPORT 2024 PROGRAMMING 4,000

AMERICANA COMMUNITY CENTER INC

4801 SOUTHSIDE DRIVE
LOUISVILLE,KY40214 		N/A PC YOUTH AND FAMILY EDUCATION PROGRAM, GENERAL OPERATING SUPPORT 102,000

ANGELA HOSPICE HOME CARE

14100 NEWBURGH ROAD
LIVONIA,MI48154 		N/A PC GENERAL OPERATING SUPPORT 10,000

BACH CHOIR OF BETHLEHEM

440 HECKEWELDER PL
BETHLEHEM,PA18018 		N/A PC 2024 EUROPEAN CONCERT TOUR 7,000

BATES COLLEGE

2 ANDREWS ROAD
LEWISTON,ME04240 		N/A PC RUSSEL STREET FIELD PROJECT, CURRENT USE SCHOLARSHIP FUND 275,000

BELLARMINE UNIVERSITY

2001 NEWBURG ROAD
LOUISVILLE,KY40205 		N/A PC BRIDGE TO BU - COLLEGE READINESS SUMMER BRIDGE PROGRAM 50,000

BIG BROTHERS BIG SISTERS OF KENTUCKIANA INC

1519 GARDINER LANE SUITE B
LOUISVILLE,KY40218 		N/A PC BIG FUTURES & WAITLIST SERVICES 100,000

BOYS & GIRLS CLUB OF GREATER WASHINGTON

4103 BENNING ROAD NE
WASHINGTON,DC20019 		N/A PC GENERAL OPERATING SUPPORT 15,000

BOYS & GIRLS CLUBS INC

3900 CRITTENDEN DRIVE
LOUISVILLE,KY40209 		N/A PC GENERAL OPERATING SUPPORT FOR CALIFORNIA BOYS & GIRLS CLUB, GENERAL OPERATING SUPPORT 110,000

CABBAGE PATCH SETTLEMENT HOUSE INC

1413 S 6TH STREET
LOUISVILLE,KY40208 		N/A PC FAMILY AND YOUTH DEVELOPMENT PROGRAMMING 100,000

CATHOLIC CHARITIES OF LOUISVILLE INC

2911 S 4TH ST
LOUISVILLE,KY40208 		N/A PC YOUTH OUTREACH AND MENTORING PROGRAM 59,000

CHALLENGE ASPEN

PO BOX 6639
SNOWMASS VILLAGE,CO81615 		N/A PC VETERANS PROGRAMMING 15,000

COMMUNITY COORDINATED CHILD CARE

908 S 8TH STREET SUITE 100
LOUISVILLE,KY40203 		N/A PC SOCIAL EMOTIONAL SUPPORT FOR EARLY LEARNERS 60,000

COMMUNITY FOUNDATION OF LOUISVILLE

325 W MAIN STREET SUITE 1110
LOUISVILLE,KY40202 		N/A PC TRANSFER TO CLJ CCF, COMMUNITY SAFETY AND HEALING FUND 250,000

COOPERATIVE FOR ASSISTANCE & RELIEF EVERYWHERE INC

151 ELLIS STREET NE
ATLANTA,GA30303 		N/A PC TURKEY/SYRIA EARTHQUAKE 20,000

CRESCENT HILL FAMILY FOUNDATION

471 W MAIN STREET SUITE 203
LOUISVILLE,KY40202 		N/A PF TRANSFER TO CRESCENT HILL FAMILY FOUNDATION 1,172

DARE TO CARE

PO BOX 35458 5803 FERN VALLEY ROAD
LOUISVILLE,KY40228 		N/A PC GENERAL OPERATING SUPPORT 5,000

DELTA FOUNDATION INC

3019 RADIANCE ROAD
LOUISVILLE,KY40220 		N/A PC HOOPS & HOMEWORK AFTER SCHOOL PROGRAM 20,000

DOG TAG INC

3206 GRACE STREET NW
WASHINGTON,DC20007 		N/A PC GENERAL OPERATING SUPPORT 12,500

EMERGING WORKFORCE INITIATIVE INC DBA THE BOOK WORKS PROJECT

205 WEST WELLINGTON AVE
LOUISVILLE,KY40214 		N/A PC HIGH SCHOOL ENGAGEMENT HUBS 30,000

EVOLVE502 SCHOLARS FOUNDATION INC

334 E BROADWAY
LOUISVILLE,KY40202 		N/A PC EVOLVE502 SCHOLARSHIP 1,000,000

FRIENDS OF THE GUEST HOUSE

ONE EAST LURAY AVENUE
ALEXANDRIA,VA22301 		N/A PC GENERAL OPERATING SUPPORT 10,000

FULTUM FOUNDATION

471 W MAIN STREET STE 203
LOUISVILLE,KY40202 		N/A PF TRANSFER TO FULTUM FOUNDATION 1,172

HISTORIC HOMES FOUNDATION INC

3110 LEXINGTON ROAD
LOUISVILLE,KY40206 		N/A PC SUPPORT MAINTENANCE OF AND IMPROVEMENTS TO FARMINGTON'S NATURAL LANDSCAPE 2,500

INSIGHT MEMORY CARE CENTER

3953 PENDER DRIVE SUITE 100
FAIRFAX,VA22030 		N/A PC GENERAL OPERATING SUPPORT 15,000

JEFFERSON COMMUNITY & TECHNICAL COLLEGE FOUNDATION INC

109 E BROADWAY
LOUISVILLE,KY40202 		N/A PC JEFFERSON RISING CAPITAL CAMPAIGN, STAR (STUDENT TRANSITION AND RETENTION) SUMMER BRIDGE PROGRAM 65,000

JEWISH FAMILY AND CAREER SERVICES

3587 DUTCHMANS LANE
LOUISVILLE,KY40205 		N/A PC FAMILY & HOUSEHOLD STABILITY COLLABORATIVE, CAREER SERVICES FOR REFUGEES & IMMIGRANTS 280,000

JUNIOR ACHIEVEMENT OF KENTUCKIANA INC

1401 W MUHAMMAD ALI BLVD
LOUISVILLE,KY40203 		N/A PC EMERGING LEADERS INITIATIVE AND OUT-OF-SCHOOL TIME ENHANCEMENT 50,000

KENTUCKY YOUTH ADVOCATES

10200 LINN STATION RD STE 310
LOUISVILLE,KY40223 		N/A PC BUILDING RESILIENT FAMILIES, BLOOM KENTUCKY, BUILDING RESILIENCE IN CHILD AND YOUTH SERVING ORGANIZATIONS 128,000

LEADERSHIP LOUISVILLE FOUNDATION

732 WEST MAIN STREET
LOUISVILLE,KY40202 		N/A PC TO SUPPORT INCORPORATING THE EXPERTISE OF THE OUT-OF-SCHOOL TIME SECTOR IN THE NEXT CLASS OF THE BINGHAM FELLOWS AS IT ADDRESSES COMMUNITY VIOLENCE, TO SUPPORT THE ALICE HOUSTON WOMEN'S LEADERSHIP PROGRAM 5,800

LIGHTHOUSE PROMISE INC

PO BOX 197376
LOUISVILLE,KY40219 		N/A PC PARTNERS IN LEARNING 35,000

LINCOLN FOUNDATION

4322 BISHOP LANE
LOUISVILLE,KY40218 		N/A PC COLLEGE TRANSITIONAL ENRICHMENT PROGRAM 50,000

LINCOLN HERITAGE COUNCIL BOY SCOUTS OF AMERICA

12001 SYCAMORE STATION PLACE
LOUISVILLE,KY40299 		N/A PC GENERAL OPERATING SUPPORT 10,000

LOUISVILLE YOUTH PHILANTHROPY COUNCIL

9523 US HIGHWAY 42 STE 74
PROSPECT,KY40059 		N/A PC OPERATING SUPPORT 6,000

MARINE CORPS UNIVERSITY FOUNDATION INC

PO BOX 122
QUANTICO,VA22134 		N/A PC ACADEMIC CONFERENCES 70,000

MARINE CORPS ASSOCIATION FOUNDATION

715 BROADWAY STREET
QUANTICO,VA22134 		N/A PC GENERAL OPERATING SUPPORT 25,000

MARINE TOYS FOR TOTS FOUNDATION

18251 QUANTICO GATEWAY DRIVE
TRIANGLE,VA22172 		N/A PC GENERAL OPERATING SUPPORT 50,000

MUSIC MAKER RELIEF AND RECORDING FOUNDATION INC

PO BOX 1358
HILLSBOROUGH,NC27278 		N/A PC GENERAL OPERATING SUPPORT 5,000

NATIONAL CENTER FOR FAMILY PHILANTHROPY INC

1667 K STREET NW
WASHINGTON,DC20006 		N/A PC 2023 FAMILY PHILANTHROPY LEADERSHIP RETREAT 5,000

NAVY-MARINE CORPS RELIEF SOCIETY

875 N RANDOLPH STREET STE 225
ARLINGTON,VA22203 		N/A PC GENERAL OPERATING SUPPORT 50,000

NEIGHBORHOOD HOUSE INC

201 N 25TH ST
LOUISVILLE,KY40212 		N/A PC STAFF APPRECIATION OR PROFESSIONAL DEVELOPMENT, YOUTH THRIVE IMPLEMENTATION 120,000

NEW AMERICANS INITIATIVE INC

8917 STONE GREEN WAY
LOUISVILLE,KY40220 		N/A PC CAPACITY BUILDING FOR NEW AMERICANS INITIATIVE (NAI) 25,000

NEW DIRECTIONS HOUSING CORPORATION

1617 MAPLE ST
LOUISVILLE,KY40210 		N/A PC I RISE - A FAMILY SELF SUFFICIENCY PROGRAM, I RISE - FAMILY AND HOUSEHOLD STABILITY EMERGENCY FUND 95,000

OPERATION RENEWED HOPE FOUNDATION

PO BOX 10142
ALEXANDRIA,VA22310 		N/A PC GENERAL OPERATING SUPPORT 10,000

PLAY COUSINS COLLECTIVE

2600 WEST BROADWAY SUITE 205
LOUISVILLE,KY40211 		N/A PC GENERAL OPERATING SUPPORT 100,000

PRESIDENT AND FELLOWS OF MIDDLEBURY COLLEGE

75 FRANKLIN STREET MIDDLEBURY
COLLEGE
MIDDLEBURY,VT05753 		N/A PC THE MIDDLEBURY LANGUAGE SCHOOLS SCHOLARSHIP ENDOWMENT TO SUPPORT FINANCIAL AID FOR ATTENDEES IN THE MIDDLEBURY LANGUAGE SCHOOLS' IMMERSION PROGRAMS, WITH PREFERENCE FOR THE MIDDLEBURY SCHOOL OF HEBREW, MIDDLEBURY LANGUAGE SCHOOLS SCHOLARSHIP 200,000

PSYCHARMOR

6215 FERRIS SQUARE STE 205
SAN DIEGO,CA92121 		N/A PC GENERAL OPERATING SUPPORT 25,000

RECKONING INC

PO BOX 5625
LOUISVILLE,KY40255 		N/A PC TO SUPPORT DOCUMENTATION OF THE LIVES OF KENTUCKY'S ENSLAVED PEOPLE AND THEIR DESCENDANTS 5,000

SEVEN COUNTIES

10401 LINN STATION RD SUITE 100
LOUISVILLE,KY40223 		N/A PC CHILD AND FAMILY WEST CLINIC THERAPEUTIC AFTERSCHOOL AND SUMMER PROGRAM 40,000

SKY'S THE LIMIT FUND

510A VALLEY WAY
MILPITAS,CA95035 		N/A PC FOR PROGRAM SCHOLARSHIPS 5,000

SOCIETY OF ST VINCENT DE PAUL

1015-C SOUTH PRESTON STREET
LOUISVILLE,KY40203 		N/A PC VETERAN HOUSING COMPLEX 7,500

SOWING SEEDS WITH FAITH

PO BOX 16753
LOUISVILLE,KY40256 		N/A PC SSWF RETREATS, SSWF ACADEMIC ENRICHMENT SUMMER PROGRAM 60,000

SPALDING UNIVERSITY

851 SOUTH FOURTH STREET
LOUISVILLE,KY40203 		N/A PC SPALDING UNIVERSITY CENTER FOR BEHAVIORAL HEALTH - YOUTH MENTAL HEALTH CRISIS 105,000

SUMMERBRIDGE LOUISVILLE INC

4100 SPRINGDALE ROAD
LOUISVILLE,KY40241 		N/A PC GENERAL OPERATING SUPPORT 10,000

TEACH KENTUCKY INC

2000 STRATHMOOR BLVD
LOUISVILLE,KY40205 		N/A PC IMPACTING CRITICAL HIRING NEEDS IN LOUISVILLE THROUGH TEACHER RECRUITMENT 20,000

THE ASPEN INSTITUTE INC

2300 N ST NW STE 700
WASHINGTON,DC20037 		N/A PC SOCIETY OF FELLOWS 10,000

THE MAINE COMMUNITY FOUNDATION

245 MAIN STREET
ELLSWORTH,ME04605 		N/A PC LEWISTON-AUBURN AREA RESPONSE FUND 10,000

TREES LOUISVILLE

PO BOX 5816
LOUISVILLE,KY40255 		N/A PC GENERAL OPERATING SUPPORT 10,000

WESLEY HOUSE COMMUNITY SERVICES

5114 PRESTON HIGHWAY
LOUISVILLE,KY40213 		N/A PC YOUNG BRILLIANT ACHIEVERS (YBA) 50,000

YELLOW RIBBON FUND

PO BOX 41048
BETHESDA,MD20824 		N/A PC GENERAL OPERATING SUPPORT 10,000

YMCA OF GREATER LOUISVILLE

545 SOUTH 2ND STREET
LOUISVILLE,KY40202 		N/A PC YMCA EARLY LEARNING READINESS PROGRAM, CHESTNUT STREET FAMILY YMCA - BLACK ACHIEVERS PROGRAM 203,000

YOUNG ADULT DEVELOPMENT IN ACTION

800 SOUTH PRESTON STREET
LOUISVILLE,KY40203 		N/A PC PROFESSIONAL DEVELOPMENT AND CEO SUCCESSION READINESS 50,000
Total .................................right arrow 3a 4,376,144
bApproved for future payment

BELLARMINE UNIVERSITY
2001 NEWBURG ROAD
LOUISVILLE,KY40205 		N/A PC BRIDGE TO BU - COLLEGE READINESS SUMMER BRIDGE PROGRAM 100,000

CATHOLIC CHARITIES OF LOUISVILLE
2911 S 4TH ST
LOUISVILLE,KY40208 		N/A PC YOUTH OUTREACH AND MENTORING PROGRAM 59,000

COMMUNITY COORDINATED CHILD CARE
908 S 8TH STREET SUITE 100
LOUISVILLE,KY40203 		N/A PC SOCIAL EMOTIONAL SUPPORT FOR EARLY LEARNERS 60,000

COMMUNITY FOUNDATION OF LOUISVILLE
325 W MAIN STREET SUITE 1110
LOUISVILLE,KY40202 		N/A PC COMMUNITY SAFETY AND HEALING FUND 100,000

EVOLVE502 SCHOLARS FOUNDATION INC
334 E BROADWAY
LOUISVILLE,KY40202 		N/A PC EVOLVE502 SCHOLARSHIP 1,000,000

JEWISH FAMILY AND CAREER SERVICES
3587 DUTCHMANS LANE
LOUISVILLE,KY40205 		N/A PC CAREER SERVICES FOR REFUGEES & IMMIGRANTS, FAMILY & HOUSEHOLD STABILITY COLLABORATIVE 340,000

KENTUCKY YOUTH ADVOCATES
10200 LINN STATION RD STE 310
LOUISVILLE,KY40223 		N/A PC BLOOM KENTUCKY 25,000

METRO UNITED WAY
334 E BROADWAY
LOUISVILLE,KY40202 		N/A PC IMPROVING KINDERGARTEN READINESS WITH HEALTH CARE PARTNERS THROUGH DEVELOPMENTAL SCREENING 95,500

NEIGHBORHOOD HOUSE INC
201 N 25TH ST
LOUISVILLE,KY40212 		N/A PC YOUTH THRIVE IMPLEMENTATION 230,000

SPALDING UNIVERSITY
851 SOUTH FOURTH STREET
LOUISVILLE,KY40203 		N/A PC SPALDING UNIVERSITY CENTER FOR BEHAVIORAL HEALTH - YOUTH MENTAL HEALTH CRISIS 105,000

WESLEY HOUSE COMMUNITY SERVICES
5114 PRESTON HIGHWAY
LOUISVILLE,KY40213 		N/A PC YOUNG BRILLIANT ACHIEVERS (YBA) 50,000
Total ................................. right arrow 3b 2,164,500
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,348,443  
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 ............ 		    18 410,048  
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 1,758,491 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,758,491
(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.
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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
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 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
C E AND S FOUNDATION INC
 
Employer identification number

59-2466943
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
C E AND S FOUNDATION INC
  		Employer identification number
59-2466943
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
MATTHEW L JONES
471 WEST MAIN STREET STE 203
 
LOUISVILLE, KY40202

$ 560,504


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
C E AND S FOUNDATION INC
  		Employer identification number

59-2466943
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 STOCK CONTRIBUTION - DETAIL MAINTAINED $ 548,963 2023-12-22
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
C E AND S FOUNDATION INC
  		Employer identification number

59-2466943
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING, TAX PREPARATION, PAYROLL 10,026 0   10,026

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

TY 2023 ExpenditureResponsibilityStmt
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
FULTUM FOUNDATION INC
  		471 W MAIN STREET STE 203
LOUISVILLE,KY40202 		2023-07-12 1,172 THE GRANT IS TO BE USED TO ENDOW THE FULTUM FOUNDATION, INC. (GRANTEE) AND ALLOW THE GRANTEE TO MAKE GRANTS TO QUALIFIED RECIPIENT ORGANIZATIONS ONLY FOR CHARITABLE PURPOSES AS DESCRIBED IN THE GRANT AGREEMENT APPROVED BY THE GRANTOR ON NOVEMBER 18, 2021. THE GRANTEE WILL USE THE GRANT FUNDS FOR EXCLUSIVELY CHARITABLE, SCIENTIFIC, AND/OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 1,172 NO DIVERSION OF ANY FUNDS FROM THE PURPOSE, TO THE KNOWLEDGE OF THE GRANTOR. 12/31/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
CRESCENT HILL FAMILY FOUNDATION INC
  		471 W MAIN STREET STE 203
LOUISVILLE,KY40202 		2023-07-12 1,172 THE GRANT IS TO BE USED TO ENDOW THE CRESCENT HILL FAMILY FOUNDATION, INC. (GRANTEE) AND ALLOW THE GRANTEE TO MAKE GRANTS TO QUALIFIED RECIPIENT ORGANIZATIONS ONLY FOR CHARITABLE PURPOSES AS DESCRIBED IN THE GRANT AGREEMENT APPROVED BY THE GRANTOR ON NOVEMBER 18, 2021. THE GRANTEE WILL USE THE GRANT FUNDS FOR EXCLUSIVELY CHARITABLE, SCIENTIFIC, AND/OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 1,172 NO DIVERSION OF ANY FUNDS FROM THE PURPOSE, TO THE KNOWLEDGE OF THE GRANTOR. 12/31/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
FULTUM FOUNDATION INC
  		471 W MAIN STREET STE 203
LOUISVILLE,KY40202 		2022-01-01 8,241,191 THE GRANT IS TO BE USED TO ENDOW THE FULTUM FOUNDATION, INC. (GRANTEE) AND ALLOW THE GRANTEE TO MAKE GRANTS TO QUALIFIED RECIPIENT ORGANIZATIONS ONLY FOR CHARITABLE PURPOSES AS DESCRIBED IN THE GRANT AGREEMENT APPROVED BY THE GRANTOR ON NOVEMBER 18, 2021. THE GRANTEE WILL USE THE GRANT FUNDS FOR EXCLUSIVELY CHARITABLE, SCIENTIFIC, AND/OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 8,241,191 NO DIVERSION OF ANY FUNDS FROM THE PURPOSE, TO THE KNOWLEDGE OF THE GRANTOR. 12/31/22, 12/31/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
CRESCENT HILL FAMILY FOUNDATION INC
  		471 W MAIN STREET STE 203
LOUISVILLE,KY40202 		2022-01-01 23,150,943 THE GRANT IS TO BE USED TO ENDOW THE CRESCENT HILL FAMILY FOUNDATION, INC. (GRANTEE) AND ALLOW THE GRANTEE TO MAKE GRANTS TO QUALIFIED RECIPIENT ORGANIZATIONS ONLY FOR CHARITABLE PURPOSES AS DESCRIBED IN THE GRANT AGREEMENT APPROVED BY THE GRANTOR ON NOVEMBER 18, 2021. THE GRANTEE WILL USE THE GRANT FUNDS FOR EXCLUSIVELY CHARITABLE, SCIENTIFIC, AND/OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 23,150,943 NO DIVERSION OF ANY FUNDS FROM THE PURPOSE, TO THE KNOWLEDGE OF THE GRANTOR. 12/31/22, 12/31/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

TY 2023 InvestmentsCorpBondsSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS - DETAIL MAINTAINED 3,656,374 3,656,374

TY 2023 InvestmentsCorpStockSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK - DETAIL MAINTAINED 4,638,938 4,638,938

TY 2023 InvestmentsGovtObligationsSch
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
US Government Securities - End of Year Book Value:

2,471,177
US Government Securities - End of Year Fair Market Value:

2,471,177
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 InvestmentsOtherSchedule2
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUNDS - DETAIL MAINTAINED FMV 16,359,339 16,359,339
PRIVATE EQUITIES - DETAIL MAINTAINED FMV 25,457,685 25,457,685
ETF, MORTGAGE POOLS, ASSET BACKED SECURITIES - DETAIL MAINTAINED FMV 17,432,196 17,432,196

TY 2023 LegalFeesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL SERVICES 534 0   534


TY 2023 OtherAssetsSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INCOME 97,266 108,233 108,233


TY 2023 OtherExpensesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
WORKER'S COMPENSATION 996 100   896
PROFESSIONAL DEVELOPMENT 57,451 5,745   51,706
BANK FEES 28 3   25
K-1 DEDUCTIONS 0 331,051   0
MISCELLANEOUS 4,239 0   4,239
OTHER FEES 320 0   320


TY 2023 OtherIncomeSchedule2
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 OTHER INCOME/LOSS   -38,649  


TY 2023 OtherIncreasesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Description Amount
UNREALIZED GAIN ON INVESTMENTS 5,983,033


TY 2023 OtherProfessionalFeesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING AND OTHER 24,050 2,405   21,645
INVESTMENT MANAGEMENT 221,731 221,731   0
RETIREMENT PLAN MANAGEMENT 2,225 223   2,002
IT SERVICES 2,935 294   2,641


TY 2023 TaxesSchedule
Name:
C E AND S FOUNDATION INC
EIN:
59-2466943
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES PAID 0 3,011   0
FEDERAL EXCISE TAX 27,840 0   0
STATE UBI TAX EXPENSE 2,018 0   0