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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
J L BEDSOLE FOUNDATION
REGIONS BANK CO-TRUSTEE
Number and street (or P.O. box number if mail is not delivered to street address)CO REGIONS BANK P O BOX 1628
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MOBILE, AL366331628
A Employer identification number

23-7225708
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$82,357,427J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 572,938 572,938  
4 Dividends and interest from securities... 838,934 838,934  
5a Gross rents............ 11,600 11,600  
b Net rental income or (loss) 11,600
6a Net gain or (loss) from sale of assets not on line 10 15,624,769
b Gross sales price for all assets on line 6a 21,940,215
7 Capital gain net income (from Part IV, line 2)... 15,624,769
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
2,059,505 2,021,348  
12 Total. Add lines 1 through 11........ 19,107,746 19,069,589  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 246,341 168,342   77,999
14 Other employee salaries and wages...... 248,198 0   248,198
15 Pension plans, employee benefits....... 16,360 0   16,360
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
45,950 41,790   4,160
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
50,769 24,276   26,493
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
253,248 246,048   7,200
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
164,765 66,143   16,622
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 5,160 0   5,160
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
70,863 14,660   56,203
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,101,654 561,259   458,395
25 Contributions, gifts, grants paid....... 3,280,727 3,280,727
26 Total expenses and disbursements. Add lines 24 and 25 4,382,381 561,259   3,739,122
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 14,725,365
b Net investment income (if negative, enter -0-) 18,508,330
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2    
2 Savings and temporary cash investments......... 4,279,448 7,755,603 7,755,603
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 15,678,549 Click to see attachment
List of Attached Documents:
// Content
29,782,805 		41,484,866
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,453,401 Click to see attachment
List of Attached Documents:
// Content
2,542,498 		2,667,465
14 Land, buildings, and equipment: basis right arrow14,936,585
Less: accumulated depreciation (attach schedule) right arrow   16,585,567 14,936,585 30,449,493
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 39,996,967 55,017,491 82,357,427
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 39,996,967 55,017,491
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)..... 39,996,967 55,017,491
30 Total liabilities and net assets/fund balances (see instructions). 39,996,967 55,017,491
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
39,996,967
2
Enter amount from Part I, line 27a .....................
2
14,725,365
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
295,159
4
Add lines 1, 2, and 3 ..........................
4
55,017,491
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
55,017,491
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b SECURITIES LITIGATION SETTLEMENTS P    
c TIMBER SALES P    
d CAPITAL GAINS DIVIDENDS P    
e OPTION EXTENSION PAYMENT P    
RIGHT OF WAY EASEMENT P    
CLARKE CNTY AL PROPERTY 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 5,292,400   4,051,471 1,240,929
b 2,266     2,266
c 1,513,897   90,415 1,423,482
d 13,159     13,159
e 200,000     200,000
30,000     30,000
14,888,493   2,173,560 12,714,933
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       1,240,929
b       2,266
c       1,423,482
d       13,159
e       200,000
      30,000
      12,714,933
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 15,624,769
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) 1 257,266
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........................... 3 257,266
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- ..... 5 257,266
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 19,719
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 300,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 319,719
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 4,161
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 58,292
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow58,292 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowAL
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.JLBEDSOLEFOUNDATION.ORG
14
The books are in care ofright arrowREGIONS BANK Telephone no.right arrow (251) 431-8309

Located atright arrow11 NORTH WATER STREET 28TH FLOORMOBILEAL ZIP+4right arrow36602
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
REGIONS BANK TRUSTEE
40.00 		49,341 0 0
P O DRAWER 1628
MOBILE,AL36633
TRAVIS M BEDSOLE JR MBR DIST COMM & TRUSTEE
6.00 		75,000 0 0
259 RIDGELAWN DR W
MOBILE,AL36608
T BESTOR WARD III CHR DIST COMM & TRUSTEE
10.00 		85,000 0 0
PO BOX 81366
MOBILE,AL36608
WINTHROP M HALLETT III MBR DIST COMM
3.00 		17,000 0 0
475 PINE CT
MOBILE,AL36608
T BESTOR WARD IV MBR DIST COMM
3.00 		20,000 0 0
PO BOX 81366
MOBILE,AL36608
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
CHRISTOPHER L LEE DIRECTOR
40.00 		184,546 5,680 4,800
PO BOX 1628
MOBILE,AL36633
PATRICIA PATTON PROGRAM DIRECTOR
40.00 		57,952 1,739 0
PO BOX 1628
MOBILE,AL36633
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
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
RED RIVER SPECIALTIES INC REFORESTATION - SITE PREP 78,169
529 GALLOWAY CIR
ALABASTER,AL35007
JEFFREY MATTHEWS WEALTH MANAGMENT INVESTMENT MANAGEMENT 55,989
1555 S UNIVERSITY BLVD
MOBILE,AL36609
LEAVELL INVESTMENT MANAGEMENT INC INVESTMENT MANAGEMENT 52,908
210 ST JOSEPH ST
MOBILE,AL36602
SMITH DUKES & BUCKALEW ACCOUNTING AND IT SERVICES 50,769
3800 AIRPORT BLVD
MOBILE,AL36608
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 ADMINISTRATION OF SCHOLARS PROGRAM (95 COLLEGE/UNIVERSITY STUDENTS SERVED), ENTREPRENEURIAL PROGRAM, AND GRANTS TO EXEMPT ORGANIZATIONS 458,395
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
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
29,151,470
b
Average of monthly cash balances.......................
1b
6,091,189
c
Fair market value of all other assets (see instructions)................
1c
39,670,128
d
Total (add lines 1a, b, and c).........................
1d
74,912,787
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
74,912,787
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,123,692
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
73,789,095
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,689,455
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
3,689,455
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
257,266
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
257,266
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,432,189
4
Recoveries of amounts treated as qualifying distributions................
4
9,750
5
Add lines 3 and 4............................
5
3,441,939
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
3,441,939
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
3,739,122
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
3,739,122
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 3,441,939
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023...... 159,998
f Total of lines 3a through e ........ 159,998
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,739,122
a Applied to 2023, 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 2024 distributable amount..... 3,441,939
e Remaining amount distributed out of corpus 297,183
5 Excess distributions carryover applied to 2024. 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 5 457,181
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		457,181
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 159,998
e Excess from 2024.... 297,183
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 e-mail address of the person to whom applications should be addressed:
MR CHRIS LEE EXECUTIVE DIRECTOR
POST OFFICE BOX 1137
MOBILE,AL36633
(251) 432-3369
bThe form in which applications should be submitted and information and materials they should include:
PROVIDE WRITTEN REQUEST SPECIFYING NAME, EXEMPT CLASSIFICATION OR CHARITABLE 501(C)(3) DESIGNATION, DETAILS OF REQUEST, SUBJECT TO ITEM (D) BELOW.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS AND AWARDS ARE MADE UNDER TWO CATEGORIES. 1)GRANTS ARE MADE TO QUALIFIED ORGANIZATIONS EXEMPT UNDER 501(C)(3) OR COMPARABLE CHARITABLE ORGANIZATION QUALIFICATION. SUCH GRANTS ARE RESTRICTED TO THOSE THAT WILL MOST EFFECTIVELY ASSIST AND PROMOTE THE WELL-BEING OF THE INHABITANTS OF THE STATE OF ALABAMA, PREFERABLY THOSE OF SOUTHWEST ALABAMA.2)THE JL BEDSOLE FOUNDATION INITIATED THE JL BEDSOLE SCHOLARS PROGRAM, WHICH WAS PRE-APPROVED BY THE EXEMPT ORG BRANCH OF THE IRS UNDER A DETERMINATION LETTER DATED 4/15/93. THE PROGRAM IS A LIMITED SCHOLARSHIP GRANT PROGRAM WHICH ANNUALLY AWARDS INITIAL SCHOLARSHIP GRANTS TO APPROXIMATELY 30 GRADUATING HIGH SCHOOL SENIORS WHO ARE ENROLLED IN A QUALIFYING ALABAMA UNIVERSITY, COLLEGE OR TECHNICAL SCHOOL. SUCH GRANTS ARE RENEWABLE FOR THE TERM OF THE GRANTEE'S UNDERGRADUATE COURSE OF STUDY IF CERTAIN QUALIFICATIONS ARE MET. THE GRANTS ARE AVAILABLE TO RESIDENTS OF 5 COUNTIES IN SOUTHWEST ALABAMA.
Form 990-PF (2024)
Form 990-PF (2024)
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

AMERICAN HEART ASSOCIATION

2159 E PASS RD
GULFPORT,MS39507 		  PC ENHANCING CARDIAC EMERGENCY RESPONSE 10,000

BALDWIN COUNTY EDUCATION COALITION

PO BOX 932
SUMMERDALE,AL36580 		  PC PALM PROJECT 7,500

BAYSHORE CHRISTIAN SCHOOL

316 PRESBYTERIAN DR
FAIRHOPE,AL36532 		  PC FOR FUTURE GENERATIONS PHASE 3 50,000

BAYSIDE ACADEMY

303 DRYER AVE
DAPHNE,AL36526 		  PC CAPITAL PROJECT 500,000

BELLINGRATH GARDENS AND HOME FOUNDATION

12401 BELLINGRATH GARDENS RD
THEODORE,AL36582 		  PC BOEHM GALLERY WINDOW RESTORATION PROJECT 25,000

BIG BROTHERS BIG SISTERS OF SOUTH ALABAMA

3 S ROYAL ST STE 300
MOBILE,AL36602 		  PC END THE WAIT CAMPAIGN 25,000

BIG FISH MINISTRIES

PO BOX 895
FOLEY,AL36535 		  PC MEN'S DORM RENOVATION 10,000

BREAST CANCER RESEARCH FOUNDATION OF AL

15 OFFICE PARK CIRCLE
BIRMINGHAM,AL35223 		  PC RESEARCH SUPPORT 5,000

BUILD A BETTER COMMUNITY

72 BEECH ST
VREDENBURGH,AL36481 		  PC RICE TO THE RESCUE 9,000

CASA MOBILE INC

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

CITY OF BAY MINETTE

301 DOLIVE ST
BAY MINETTE,AL36507 		  GOV PLAYGROUND EQUIPMENT 5,000

COASTAL ALABAMA PARTNERSHIP

PO BOX 881
MOBILE,AL36601 		  PC PROGRAM SUPPORT 100,000

COFFEEVILLE ONE COMMUNITY

1572 FLUKER KIEL RD
COFFEEVILLE,AL36524 		  PC RENOVATION PROJECT 10,000

COMMUNITY OF MOBILE INC

PO BOX 70212
MOBILE,AL36670 		  PC UNDERPASS PROJECT 31,500

COUNTRY CLUB ESTATES NEIGHBORHOOD ASSN

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

COVENANT ACADEMY OF MOBILE

4568 HALLS MILL RD
MOBILE,AL36693 		  PC SPECIAL PROJECTS 104,000

DAUPHIN ISLAND SEA LAB FOUNDATION

PO BOX 82151
MOBILE,AL36689 		  PC PASSENGER VAN 20,000

DUMAS WESLEY COMMUNITY CENTER

126 MOBILE ST
MOBILE,AL36607 		  PC AFTER SCHOOL/SUMMER RECREATION 25,000

DUMAS WESLEY COMMUNITY CENTER

126 MOBILE ST
MOBILE,AL36607 		  PC CAPITAL REPAIRS 82,305

EASTERN SHORE ART CENTER

401 OAK ST
FAIRHOPE,AL36532 		  PC RURAL OUTREACH INITIATIVE 5,000

EXPLOREUM SCIENCE CENTER

65 GOVERNMENT ST
MOBILE,AL36602 		  PC OPERATING EXPENSES 75,000

FIRST LIGHT COMMUNITY OF MOBILE

151 S ANN ST
MOBILE,AL36604 		  PC RENOVATIONS FOR A NEW HOME 25,000

FOSTERING TOGETHER GULF COAST

3251-C OLD SHELL RD
MOBILE,AL36607 		  PC FOSTER CARE RESOUCE CENTER 10,000

FRIENDS OF THE SWIFT-COLE HISTORIC HOUSE

PO BOX 507
MONTROSE,AL36559 		  PC PAVILLION PROJECT 10,000

FUSE PROJECT

PO BOX 1134
MOBILE,AL36633 		  PC AVENUE BRIDGE COLLABORATION 10,000

INFIRMARY FOUNDATION

PO BOX 2226
MOBILE,AL36652 		  PC OPERATING SUPPORT 5,000

INNOVATION PORTAL

358 ST LOUIS ST
MOBILE,AL36602 		  PC PROGRAM SUPPORT 100,000

J LARRY NEWTON SCHOOL

9761 CNTY RD 32
FAIRHOPE,AL36532 		  PC LIBRARY BOOKS 6,846

JACKSON ACADEMY

1954 COFFEEVILLE RD
JACKSON,AL36545 		  PC GYMNASIUM RENOVATION 17,500

KINGDOM RENOVATION FOUNDATION

2608 CLARK AVE
MOBILE,AL36617 		  PC OPERATION RAMP UP 15,000

MOBILE AREA COUNCIL BOY SCOUTS OF AMERICA

2587 GOVERNMENT ST
MOBILE,AL36606 		  PC OPERATING EXPENSES 10,000

MOBILE AREA EDUCATION FOUNDATION

3725 AIRPORT BLVD STE 161
MOBILE,AL36608 		  PC PROGRAM SUPPORT 150,000

MOBILE ARTS COUNCIL

70 N JOACHIM ST STE A
MOBILE,AL36602 		  PC AMP UP ARTS 10,000

MOBILE BALLET

4351 DOWNTOWNER LOOP N
MOBILE,AL36609 		  PC DISCOVER DANCE PROGRAM 2024-2025 10,000

MOBILE LAW ENFORCEMENT FOUNDATION

3262 OLD SHELL RD STE A
MOBILE,AL36607 		  PC PROFESSIONAL EDUCATION CLASSROOM 7,500

MOBILE MUSEUM OF ART

4850 MUSEUM DR
MOBILE,AL36608 		  PC 60TH BIRTHDAY CELEBRATION 40,000

MOBILE OPERA

257 DAUPHIN ST
MOBILE,AL36602 		  PC 2024-2025 SEASON OPERATING SUPPORT 5,000

MOBILE SYMPHONY ORCHESTRA

257 DAUPHIN ST
MOBILE,AL36602 		  PC EDUCATION PROGRAMS 30,000

MONROE COUNTY HERITAGE MUSEUM

31 N ALABAMA AVE
MONROEVILLE,AL36460 		  PC PIONEER DAYS AND A DAY IN OLD MONROEVILLE 15,000

MOST PURE HEART OF MARY SCHOOL

310 SENGSTAK ST
MOBILE,AL36603 		  PC CAFETERIA RENOVATION AND MODERNIZATION 50,000

MULHERIN CUSTODIAL HOME

2496 HALLS MILL RD
MOBILE,AL36606 		  PC BUILDING UPGRADE 30,000

NEST CORPORATION

55 MIDTOWN PARK E
MOBILE,AL36606 		  PC LIFE SKILLS PROGRAM 25,000

ONE CHURCH INT

506 N PINE ST
FOLEY,AL36535 		  PC RESOURCE CENTER 10,000

ORCHARD ELEMENTARY SCHOOL

6400 HOWELLS FERRY RD
MOBILE,AL36618 		  PC READING YOUR WAY INTO THE FUTURE - BOOKS 12,000

OZANAM CHARITABLE PHARMACY

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

PERDUE HILL - CLAIBORNE FOUNDATION

PO BOX 66
PERDUE HILL,AL36470 		  PC EXTERIOR REPAIRS AND RESTORATION 15,611

PRICHARD PREPARATORY SCHOOL

743 MT SINAI AVE
WHISTLER,AL36612 		  PC ACADEMIC BRIDGE PROGRAM 12,000

RANSOM MINISTRIES

320 S CRAFT HWY
CHICKASAW,AL36611 		  PC MENTAL HEALTHCARE FOR RANSOM TRAINEES 10,000

RAPAHOPE CHILDRENS RETREAT FOUNDATION

PO BOX 1427
MOBILE,AL36633 		  PC SIBLING PROGRAM 10,000

REBUILDING TOGETHER OF SOUTH ALABAMA

PO BOX 1752
MOBILE,AL36633 		  PC ACCESSIBILITY SUPPORTS - CLARKE AND WASHINGTON COUNTIES 15,000

RONALD MCDONALD HOUSE CHARITIES MOBILE

1626 SPRINGHILL AVE
MOBILE,AL36604 		  PC OPERATIONS SUPPORT 5,000

SALVATION ARMY

1009 DAUPHIN ST
MOBILE,AL36604 		  PC DAUPHIN WAY LODGE RECOVERY PROGRAM 12,500

SHOULDER OF THE CENTRAL GULF COAST INC

PO BOX 7130
SPANISH FORT,AL36577 		  PC EMPOWERMENT ESSENTIALS 10,000

SOCCER4LIFE

PO BOX 16365
MOBILE,AL36616 		  PC PROGRAM ACTIVITY 5,000

SOUTH BALDWIN LITERACY COUNCIL

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

SOUTHEASTERN DIABETES EDUCATION SERVICES

500 CHASE PARK S STE 104
HOOVER,AL35244 		  PC PROGRAM SUPPORT 5,000

ST LUKE'S EPISCOPAL SCHOOL

1400 S UNIVERSITY BLVD
MOBILE,AL36609 		  PC FENCING AND CAMERAS 25,000

ST PAUL'S EPISCOPAL SCHOOL

161 DOGWOOD LN
MOBILE,AL36608 		  PC CAPITAL PROJECT 250,000

STILLWATER CHURCH

415 MCKEOUGH AVE
SARALAND,AL36571 		  PC FOOD PANTRY 5,000

THE COOKERY PROJECT

PO BOX 8482
MOBILE,AL36689 		  PC HEALTH EQUITY ADVANCEMENT TRAINING PROGRAM 5,000

THE EXCEPTIONAL FOUNDATION GULF COAST

PO BOX 1267
FAIRHOPE,AL36533 		  PC EXCEPTIONAL PLAYERS 3,500

THOMAS HOSPITAL FOUNDATION

750 MORPHY AVE
FAIRHOPE,AL36532 		  PC MICU AND WOMEN/CHILD RENOVATION 25,000

UNDER HIS WINGS

PO BOX 91
ROBERTSDALE,AL36567 		  PC OPERATING FUNDS 5,000

UNITED WAY OF SOUTHWEST ALABAMA

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

UNIVERSITY OF SOUTH ALABAMA

650 CLINIC DR TRP III
MOBILE,AL36688 		  PC GRANT - CAPITAL CAMPAIGN WHIDDON COLLEGE OF MED 500,000

VIA HEALTH FITNESS & ENRICHMENT CENTER

1717 DAUPHIN ST
MOBILE,AL36604 		  PC GYMNASIUM ROOF REPLACEMENT 25,000

VICTORY HEALTH PARTNERS

3750 PROFESSIONAL PKWY
MOBILE,AL36609 		  PC OPERATING FUNDS 40,000

WILMER HALL

3811 OLD SHELL RD
MOBILE,AL36608 		  PC TRANSITIONAL LIVING PROGRAM 10,000

KIMORA CHAMBERS

4900 MERIDIAN ST N
HUNTSVILLE,AL35811 		  I SCHOLARSHIP - ALABAMA A&M UNIVERSITY 6,000

JEREMY WATSON

915 S JACKSON ST
MONTGOMERY,AL36104 		  I SCHOLARSHIP - ALABAMA STATE UNIVERSITY 1,500

AARON SEARS

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

AIDAN TOOMEY

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

ARTEMIJE TURKIC

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

CONNOR KING

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

ELIZABETH FROMDAHL

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

EMILY CASSITY

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

EMMA LEWIS

AUBURN UNIVERSITY
AUBURN,AL36849 		  I SCHOLARSHIP - AUBURN UNIVERSTIY 2,500

HARRISON POOLE

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

JACKSON FAGGARD

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

JALON HUNT

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

JAMARCUS ROWDEN

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

JASMIN NGO

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

JAYDEN MABIEN

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

JENNA KIM

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

JORDAN HOBBS

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

JOSHUA NULL

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

JOSIAH YARBOROUGH

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

JOSIE HOWELL

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

KAELYN VANDERHOOF

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

KING JOHNSON

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

LANE RALEY

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

LARI-BARBARA WATTS

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

LONYLA HENTON

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

MADISON PHILIPS

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

MARGARET WALDING

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

MOLLY BLAIR

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

OLUWATIMILEHIN OGUNADE

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

RAYCE MCGUFF

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

REECE SPRINGS

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

SARAH LOTT

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

SARAH RHODES

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

THADDIUS CARLISLE

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

TRISTON BUCKLEY

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

CHARLIE HOLLIS

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

MYLES MURPHY

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

TYLER BJORGUM

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

JESSE MCKENZIE

700 PELHAM RD N
JACKSONVILLE,AL36265 		  I SCHOLARSHIP - JACKSONVILLE STATE UNIVERSITY 6,000

HENLEY HOLLIS

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

KATIE SCHANSBERG

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

TONIA PETTWAY

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

SARAH SWANSON

4000 DAUPHIN ST
MOBILE,AL36608 		  I SCHOLARSHIP - SPRING HILL COLLEGE 6,000

ANNALEE PARKS

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

BANJAMIN O'DONNELL

600 UNIVERSITY AVE
TROY,AL36082 		  I SCHOLARSHIP - TROY UNIVERSITY 3,000

HAYLE JACKSON

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

JOSHUA STEWART

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

ASHAUNI JACKSON

1200 W MONTGOMERY RD
TUSKEGEE,AL36088 		  I SCHOLARSHIP - TUSKEGEE UNIVERSITY 6,000

ADDISON RATLIFF

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

BELLE FANT

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

BRAXTON KENT

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

BREANNA GAILLARD

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

BROOKE STERLING

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

EMILY GRAVES

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

GENESIS PRITCHETT

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

JAKADEN PREYEAR

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

JASMINE IRVIN

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

KASEN DAVIS

UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 1,500

LAUREN LANG

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

LOGAN HETZMAN

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

MARCUS KELLEY

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

MARISSA WILSON

UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 4,000

MARLEY HUNTER

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

MAURA MORRIS

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

MOLLI SESSIONS

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

PHILIP FANT

UNIVERSITY OF ALABAMA
TUSCALOOSA,AL35487 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA 4,500

PHOEBE CISNEROS

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

REID NAGLE

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

SOPHIA JERNIGAN

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

STATEN BAKER

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

SYDNEY HENDRIX

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

BAYLEE LUECK-WEST

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

BRYAN FENG

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

COURTNEY ODEN

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

FATIMA JIMENEZ

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

MARY NELSEN

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

TINA TRAN

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

TROY GIBSON

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

HANNAH MEADOWS

301 SPARKMAN DR
HUNTSVILLE,AL35899 		  I SCHOLARSHIP - UNIVERSITY OF ALABAMA - HUNTSVILLE 5,500

LINCEY PHILLIPS

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

ANGELA VIATOR

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

COLLIN GIBBONS

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

ELYSSA MESSICK

5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 3,500

EMILY DIETZ

5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 2,500

JACOB ARNOLD

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

KATELYN LIPPOLD

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

KAYLEY BURGESS

5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 2,000

MATTIE CHESTANG

5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 2,000

NATALIE CRISWELL

5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 3,000

PETER GARDNER

5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 5,000

REAGAN LENTZ

5735 COLLEGE PKWY
MOBILE,AL36613 		  I SCHOLARSHIP - UNIVERSITY OF MOBILE 3,000

TAYLOR VICE

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

HANNAH WALKER

307 N UNIVERSITY BLVD
MOBILE,AL36688 		  I SCHOLARSHIP - UNIVERSITY OF SOUTH ALABAMA 1,465

BAILEY DAVIDSON

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

MARIAH SHEPPARD

100 US-11
LIVINGSTON,AL35470 		  I SCHOLARSHIP - UNIVERSITY OF WEST ALABAMA 500

JASMERIA SAUNDERS

6901 CARY HAMILTON RD
THEODORE,AL36582 		  I ENTREPRENEUR PROGRAM STIPEND 2,000

THADDEUS CARLISLE

232 W FRONT ST N
THOMASVILLE,AL36784 		  I ENTREPRENEUR PROGRAM STIPEND 2,000

TRISTON BUCKLEY

13106 TARA POINT DR
MOBILE,AL36695 		  I ENTREPRENEUR PROGRAM STIPEND 2,000

HARRISON POOLE

8614 THREE DEAN WAY
MOBILE,AL36695 		  I ENTREPRENEUR PROGRAM STIPEND 2,000
Total .................................right arrow 3a 3,280,727
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 572,938  
4 Dividends and interest from securities ....     14 838,934  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 11,600  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     16 238,586  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 15,624,769  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRECOVERY OF AMOUNTS PREVIOUSLY DEDUCTED 		        9,750
bK-1: ALKEON GROWTH PW PARTNERS     14 1,782,762  
cK-1: ALKEON GROWTH PW PARTNERS 531120 28,407      
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 28,407 19,069,589 9,750
13Total. Add line 12, columns (b), (d), and (e)..................
13
19,107,746
(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.)
11 RECOVERY OF SCHOLARSHIPS PAID IN A PRIOR YEAR
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 50,769 24,276   26,493

TY 2024 GeneralExplanationAttachment
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Identifier Return Reference Explanation
  PART VII, LINE 1, COLUMN (B) THE COMPENSATION REPORTED IN COLUMN (B) PAID TO REGIONS BANK AS CORPORATE TRUSTEE IS CALCULATED BASED ON MARKET VALUE AND THE FEE SCHEDULE. IT IS NOT DETERMINED ON AN HOURLY BASIS AND ENCOMPASSES REGIONS CORPORATE TRUSTEE SERVICES.

TY 2024 InvestmentsCorpStockSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Name of Stock End of Year Book Value End of Year Fair Market Value
1255 ABB LTD SPONSORED ADR 34,401 67,406
682 ABBOTT LABORATORIES 79,399 77,141
571 ABBVIE INC 103,884 101,467
1060 ACCENTURE PLC 256,809 372,897
2953 ACUSHNET HOLDINGS CORP 85,932 209,899
177 ADIDAS AG 25,847 21,553
346 ADOBE INC 110,042 153,859
551 ADVANCED MICRO DEVICES INC 79,508 66,555
1196 AIA GROUP LTD 37,005 34,469
320 AIR LIQUIDE SA 8,517 10,320
90 AIR PRODUCTS AND CHEMICALS INC 29,812 26,104
389 AIRBNB INC 52,630 51,118
1074 AIRBUS SE 23,944 42,783
1471 ALCON AG 82,539 124,873
155 ALLSTATE CORP 30,238 29,882
2589 ALPHABET INC 409,931 490,098
794 AMADEUS IT GROUP SA 50,650 56,009
4324 AMAZON.COM INC 503,515 948,642
633 AMERICA MOVIL SAB DE CV 11,457 9,058
198 AMERICAN ELECTRIC POWER CO INC 19,850 18,262
444 AMERICAN EXPRESS CO 75,169 131,775
122 AMETEK INC 20,883 21,992
112 AMGEN INC 34,420 29,192
487 ANHEUSER-BUSCH INBEV SA/NV 28,258 24,384
82 ANSYS INC 16,046 27,661
431 AON PLC 51,810 154,798
3498 APPLE INC 435,234 875,969
188 APPLIED MATERIALS INC 35,119 30,574
1111 ARCH CAPITAL GROUP LTD 50,966 102,601
653 ARCHER-DANIELS-MIDLAND CO 34,914 32,990
442 ARES MANAGEMENT CORP 45,562 78,247
196 ARISTA NETWORKS INC 19,897 21,664
168 ARTHUR J GALLAGHER & CO 47,257 47,687
2772 ARTISAN PARTNERS ASSET MANAGEMENT INC 97,609 119,335
82 ASHTEAD GROUP PLC 25,811 20,049
275 ASML HOLDING NV 107,592 190,597
383 ASPEN TECHNOLOGY INC 30,410 95,608
902 ASTRAZENECA PLC 48,073 59,099
1087 AT&T INC 24,729 24,751
231 AUTODESK INC 33,582 68,277
154 AUTOMATIC DATA PROCESSING INC 21,484 45,080
403 B&M EUROPEAN VALUE RETAIL SA 10,914 7,314
566 BAE SYSTEMS PLC 37,605 32,353
922 BANCFIRST CORP 88,095 108,040
804 BANCO BILBAO VIZCAYA ARGENTARIA SA 8,174 7,815
2347 BANK OF AMERICA CORP 104,459 103,151
72 BEONE MEDICINES LTD 16,422 13,299
527 BERKSHIRE HATHAWAY INC 243,314 238,879
187 BHP GROUP LTD 10,919 9,131
134 BLACKROCK INC 84,706 137,365
472 BLACKSTONE INC 84,743 81,382
1592 BLACKSTONE SECURED LENDING FUND 50,041 51,438
390 BOEING CO 65,423 69,030
17 BOOKING HOLDINGS INC 32,008 84,463
1649 BOSTON SCIENTIFIC CORP 65,052 147,289
798 BP PLC 31,036 23,589
1439 BRISTOL-MYERS SQUIBB CO 80,413 81,390
492 BRITISH AMERICAN TOBACCO PLC 16,550 17,869
1098 BROADCOM INC 225,313 254,560
1068 BROOKFIELD ASSET MANAGEMENT LTD 26,525 57,875
4604 BROOKFIELD CORP 126,667 264,500
3417 BROOKFIELD INFRASTRUCTURE CORP 115,535 136,714
1435 BROOKFIELD RENEWABLE CORP 54,314 39,692
1821 BROWN & BROWN INC 94,189 185,778
36 CACI INTERNATIONAL INC 20,084 14,546
348 CANADIAN NATIONAL RAILWAY CO 44,819 35,325
1227 CAPGEMINI SE 50,283 39,828
290 CARDINAL HEALTH INC 35,472 34,298
1024 CARLSBERG AS 27,376 19,528
1158 CARMAX INC 87,486 94,678
245 CARRIER GLOBAL CORP 19,887 16,724
192 CATERPILLAR INC 74,778 69,650
981 CBRE GROUP INC 51,716 128,795
4510 CCC INTELLIGENT SOLUTIONS HOLDINGS INC 51,136 52,902
347 CHARLES SCHWAB CORP 24,930 25,681
425 CHEVRON CORP 64,934 61,557
502 CHUBB LTD 52,144 138,703
781 CHUGAI PHARMACEUTICAL CO LTD 18,166 17,159
536 CIGNA GROUP 88,638 148,011
1159 CISCO SYSTEMS INC 64,572 68,613
704 CITIGROUP INC 50,213 49,555
4187 CLEARWATER ANALYTICS HOLDINGS INC 98,894 115,226
393 CME GROUP INC 67,309 91,266
1643 COCA-COLA CO 109,215 102,293
1548 COLGATE-PALMOLIVE CO 124,108 140,729
1959 COLOPLAST A/S 27,402 21,275
4464 COMCAST CORP 171,599 167,534
782 CONOCOPHILLIPS 29,048 77,551
4327 COPART INC 80,168 248,327
1740 CORVEL CORP 101,290 193,592
2196 COSTAR GROUP INC 164,482 157,212
125 COSTCO WHOLESALE CORP 118,878 114,534
1486 DAIICHI SANKYO CO LTD 44,709 40,553
1918 DAIKIN INDUSTRIES LTD 30,110 22,402
231 DANAHER CORP 17,600 53,026
1556 DANONE SA 18,400 20,835
579 DASSAULT SYSTEMES SE 21,811 19,941
390 DBS GROUP HOLDINGS LTD 28,197 49,936
107 DEERE & CO 45,132 45,336
1558 DEUTSCHE BANK AG 25,129 26,564
268 DIAGEO PLC 36,354 34,071
68 DIGITAL REALTY TRUST INC 12,512 12,058
1256 DNB BANK ASA 21,277 24,994
925 DOMINION RESOURCES INC/VA 70,603 49,821
225 DOMINO'S PIZZA INC 84,987 94,446
804 DONALDSON CO INC 23,780 54,149
201 DR HORTON INC 36,811 28,104
329 DSV PANALPINA A/S 27,178 34,940
1048 DUKE ENERGY CORP 89,226 112,912
857 DUPONT DE NEMOURS INC 66,712 65,346
1030 EATON CORP PLC 105,222 341,826
255 ELI LILLY & CO 128,474 196,860
531 EMCOR GROUP INC 36,436 241,021
408 EMERSON ELECTRIC CO 49,753 50,563
2081 ENGIE SA 31,354 32,971
532 ENI SPA 15,196 14,556
151 ENTEGRIS INC 16,591 14,958
2738 EPIROC AB 54,946 47,532
205 EQUINIX INC 111,794 193,292
1065 ESSILORLUXOTTICA SA 67,546 128,514
342 ESTEE LAUDER COS INC 67,822 25,643
156 EVOLUTION AB 13,775 11,989
1164 EXXON MOBIL CORP 96,087 125,211
278 FACTSET RESEARCH SYSTEMS INC 29,796 133,518
82 FAIR ISAAC CORP 111,307 163,256
829 FASTENAL CO 29,502 59,613
44 FERRARI NV 18,289 18,693
5595 FIRST HAWAIIAN INC 114,601 145,190
111 FLOOR & DECOR HOLDINGS INC 12,178 11,067
1395 FTI CONSULTING INC 145,351 266,626
1361 FUJITSU LTD 19,842 23,899
247 GARTNER INC 62,977 119,664
439 GE AEROSPACE COM 74,532 73,221
54 GE VERNOVA INC 18,200 17,762
206 GENERAL DYNAMICS CORP 47,803 54,279
921 GENMAB A/S 31,422 19,221
381 GILEAD SCIENCES INC 36,928 35,193
453 GIVAUDAN SA 37,904 39,446
132 GOLDMAN SACHS GROUP INC 73,201 75,586
2166 GRACO INC 67,480 182,572
1 GRAIL INC 58 18
1268 HEICO CORP 149,559 235,949
144 HERMES INTERNATIONAL SCA 14,549 34,420
1020 HILTON WORLDWIDE HOLDINGS INC 98,870 252,103
995 HITACHI LTD 34,335 49,213
252 HOME DEPOT INC 103,692 98,025
577 HONEYWELL INTERNATIONAL INC 73,616 130,339
584 HONG KONG EXCHANGES & CLEARING LTD 18,636 21,918
134 HOYA CORP 10,474 16,616
324 HYATT HOTELS CORP 19,683 50,862
414 IBERDROLA SA 20,291 22,828
83 IDEXX LABORATORIES INC 24,528 34,316
434 ILLINOIS TOOL WORKS INC 58,069 110,045
348 ILLUMINA INC 70,943 46,503
883 IMPERIAL BRANDS PLC 20,235 28,300
2036 INDUSTRIA DE DISENO TEXTIL SA 26,369 51,938
1232 INTEL CORP 28,833 24,702
367 INTERCONTINENTAL EXCHANGE INC 41,068 54,687
171 INTERNATIONAL BUSINESS MACHINES CORP 39,891 37,591
222 INTUIT INC 99,979 139,527
441 INTUITIVE SURGICAL INC 144,169 230,184
535 ITOCHU CORP 45,595 52,730
377 JACK HENRY & ASSOCIATES INC 6,458 66,088
1011 JOHNSON & JOHNSON 84,664 146,211
727 JOHNSON CONTROLS INTERNATIONAL PLC 42,329 57,382
1177 JPMORGAN CHASE & CO 53,143 282,139
559 KADANT INC 184,470 192,849
94 KEYENCE CORP 44,888 38,614
959 KFORCE INC 56,971 54,375
601 KINDER MORGAN INC 14,865 16,467
3003 KKR & CO INC 131,992 444,174
32 KLA CORP 22,286 20,164
6706 KONINKLIJKE KPN NV 20,576 24,142
1127 LOREAL SA 79,534 79,352
289 LAM RESEARCH CORP 21,357 20,874
227 LAMB WESTON HOLDINGS INC 18,652 15,170
1150 LANDSTAR SYSTEM INC 198,376 197,639
838 LCI INDUSTRIES COM 117,878 86,641
671 LENNAR CORP 41,888 91,504
1141 LIBERTY MEDIA CORP-LIBERTY FORMULA ONE 51,195 103,010
114 LINDE PLC 54,749 47,728
1003 LIVE NATION ENTERTAINMENT INC 61,388 129,889
41 LOCKHEED MARTIN CORP 24,796 19,924
2225 LONDON STOCK EXCHANGE GROUP PLC 65,609 79,410
334 LOWE'S COS INC 47,847 82,431
260 LVMH MOET HENNESSY LOUIS VUITTON SE 31,194 33,979
532 MANHATTAN ASSOCIATES INC 23,631 143,768
74 MARKEL GROUP INC 71,195 127,741
192 MARKETAXESS HOLDINGS INC 60,898 43,400
450 MARRIOTT INTERNATIONAL INC 69,569 125,523
1184 MARSH & MCLENNAN COS INC 152,236 251,493
244 MARTIN MARIETTA MATERIALS INC 106,536 126,026
128 MARUBENI CORP 21,990 19,241
185 MASTERCARD INC 68,199 97,415
229 MCDONALD'S CORP 69,644 66,385
299 MCKESSON CORP 51,042 170,403
226 MEDTRONIC PLC 19,841 18,053
1372 MERCK & CO INC 112,127 136,487
1146 META PLATFORMS INC 246,682 670,994
943 MICROCHIP TECHNOLOGY INC 44,190 54,081
476 MICRON TECHNOLOGY INC 51,938 40,060
2835 MICROSOFT CORP 711,773 1,194,953
258 MID-AMERICA APARTMENT COMMUNITIES INC 41,138 39,879
2757 MOELIS & CO 99,777 203,687
2324 MONSTER BEVERAGE CORP 77,805 122,149
68 MOODY'S CORP 10,897 32,189
1574 MORGAN STANLEY 132,104 197,883
165 MSCI INC 67,470 99,002
171 MTU AERO ENGINES AG 16,576 28,331
2259 MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG 23,448 22,635
1194 NASDAQ INC 27,612 92,308
345 NATIONAL GRID PLC 22,729 20,500
3470 NATWEST GROUP PLC 33,760 35,290
1897 NESTLE SA 177,980 154,985
114 NETEASE INC 13,290 10,170
510 NETFLIX INC 235,853 454,573
1424 NEXTERA ENERGY INC 105,673 102,087
455 NIKE INC 47,122 34,430
1043 NITORI HOLDINGS CO LTD 20,737 12,349
812 NOMURA RESEARCH INSTITUTE LTD 20,861 23,857
297 NORTHROP GRUMMAN CORP 76,309 139,379
1386 NOVO NORDISK A/S 43,410 119,224
871 NUTRIEN LTD 40,506 38,977
8955 NVIDIA CORP 252,625 1,202,567
554 NXP SEMICONDUCTORS NV 87,502 115,149
212 O'REILLY AUTOMOTIVE INC 87,015 251,390
656 ORACLE CORP 113,778 109,316
1553 PALANTIR TECHNOLOGIES INC 91,299 117,453
1174 PALO ALTO NETWORKS INC 41,957 213,621
60 PARKER HANNIFIN CORP 39,745 38,162
1999 PAYPAL HOLDINGS INC 259,517 170,615
493 PEPSICO INC 68,612 74,966
1803 PERIMETER SOLUTIONS INC 18,709 23,042
2698 PFIZER INC 113,975 71,578
830 PHILIP MORRIS INTERNATIONAL INC 99,273 99,891
306 PHILLIPS 66 39,904 34,863
339 PNC FINANCIAL SERVICES GROUP INC 40,875 65,376
616 PPG INDUSTRIES INC 79,019 73,581
1129 PRIMERICA INC 52,178 306,433
344 PROCORE TECHNOLOGIES INC 26,987 25,776
617 PROCTER & GAMBLE CO 104,352 103,440
1217 PROGRESSIVE CORP 107,689 291,605
174 PROLOGIS INC 20,027 18,392
402 QUALCOMM INC 64,344 61,755
546 RBC BEARINGS INC 16,985 163,330
3765 RECKITT BENCKISER GROUP PLC 58,155 45,255
2868 RECRUIT HOLDINGS CO LTD 26,484 40,066
1150 RELX PLC 28,460 52,233
8969 RIGHTMOVE PLC 109,067 144,760
683 RLI CORP 32,370 112,579
6568 ROLLS-ROYCE HOLDINGS PLC 35,631 46,727
227 ROPER TECHNOLOGIES INC 84,497 118,006
389 ROSS STORES INC 49,501 58,844
1371 RTX CORP 89,450 158,652
142 RYAN SPECIALTY HOLDINGS INC 9,472 9,111
340 S&P GLOBAL INC 70,256 169,330
1572 SAFRAN SA 46,224 85,674
754 SALESFORCE INC 138,020 252,085
452 SAP SE 76,789 111,287
146 SBA COMMUNICATIONS CORP 17,699 29,755
375 SEMPRA ENERGY 35,427 32,895
68 SERVICENOW INC 64,014 72,088
703 SHERWIN-WILLIAMS CO 185,111 238,971
1667 SHIN-ETSU CHEMICAL CO LTD 22,260 27,539
174 SHOPIFY INC 12,834 18,501
1414 SIKA AG 39,756 33,356
166 SIMON PROPERTY GROUP INC 29,554 28,587
1860 SIMPSON MANUFACTURING CO INC 158,291 308,444
76 SMC CORP 42,753 30,069
161 SNAP-ON INC 57,829 54,656
1591 SOUTHERN CO 88,362 130,971
18 SPOTIFY TECHNOLOGY SA 8,389 8,053
573 STARBUCKS CORP 53,708 52,286
973 STRAUMANN HOLDING AG 10,752 12,114
436 STRYKER CORP 98,958 156,982
130 SUMMIT MATERIALS INC 2,035 6,578
507 SUNCOR ENERGY INC 19,908 18,090
375 SUZUKI MOTOR CORP 16,819 16,886
1500 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 210,871 296,235
1547 TARGET CORP 199,899 209,123
2985 TDK CORP 27,477 38,686
602 TENCENT HOLDINGS LTD 34,119 32,014
756 TERUMO CORP 14,549 14,742
538 TESLA INC 130,311 217,266
742 TEXAS INSTRUMENTS INC 71,302 139,132
217 TFI INTERNATIONAL INC 11,976 29,315
429 THERMO FISHER SCIENTIFIC INC 114,274 223,179
403 TJX COS INC 47,131 48,686
360 TOKYO ELECTRON LTD 32,956 27,176
2824 TORO CO 182,578 226,202
93 TORONTO-DOMINION BANK 4,964 4,951
1581 TOTALENERGIES SE 89,776 86,165
271 TRANE TECHNOLOGIES PLC 18,101 100,094
208 TRANSDIGM GROUP INC 82,298 263,594
178 TYLER TECHNOLOGIES INC 69,023 102,642
2656 UBER TECHNOLOGIES INC 96,640 160,210
1342 UFP INDUSTRIES INC 148,591 151,176
2275.2 UNICHARM CORP 18,389 9,169
1883 UNICREDIT SPA 37,466 37,622
1096 UNION PACIFIC CORP 199,796 249,932
209 UNITED PARCEL SERVICE INC 28,427 26,355
43 UNITED RENTALS INC 35,820 30,291
622 UNITEDHEALTH GROUP INC 190,133 314,645
558 US BANCORP 27,520 26,689
247 VAIL RESORTS INC 52,731 46,300
2952 VANGUARD FTSE DEVELOPED MARKETS ETF 147,428 141,165
3954 VANGUARD FTSE EMERGING MARKETS ETF 192,270 174,134
3160 VANGUARD MEGA CAP VALUE ETF 396,470 394,716
1269 VANGUARD MID-CAP ETF 344,802 335,181
146 VANGUARD SMALL-CAP ETF 34,668 35,081
457 VEEVA SYSTEMS INC 95,785 96,084
188 VERALTO CORP 14,539 19,148
71 VERISIGN INC 6,195 14,694
129 VERISK ANALYTICS INC 11,815 35,530
1150 VERIZON COMMUNICATIONS INC 49,959 45,989
97 VERTEX PHARMACEUTICALS INC 43,563 39,062
1127 VISA INC 82,668 356,177
808 VULCAN MATERIALS CO 132,248 207,842
467 W R BERKLEY CORP 27,038 27,329
649 WALGREENS BOOTS ALLIANCE INC 7,149 6,055
1685 WALMART INC 144,565 152,240
438 WALT DISNEY CO 43,960 48,771
2777 WARNER BROS DISCOVERY INC 24,016 29,353
259 WASTE CONNECTIONS INC 46,740 44,439
138 WASTE MANAGEMENT INC 30,006 27,847
97 WATERS CORP 30,406 35,985
1007 WATTS WATER TECHNOLOGIES INC 128,265 204,723
1064 WELLS FARGO & CO 75,139 74,735
144 WILLIAMS COS INC 8,606 7,793
147 WIX.COM LTD 19,971 31,539
568 WORKDAY INC 139,326 146,561
117 WW GRAINGER INC 37,796 123,324
1627 YUM CHINA HOLDINGS INC 62,957 78,373
807 ZOETIS INC 81,884 131,485
2420 DOUBLELINE COMMERCIAL REAL ESTATE ETF 124,962 124,533
4999 GOLDMAN SACHS ACCESS TREASURY 0-1 YEAR ETF 500,144 499,500
740 ISHARES 0-5 YEAR TIPS BOND ETF 74,877 74,444
11533 ISHARES 1-3 YEAR TREASURY BOND ETF 949,361 945,475
10577 ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF 549,849 546,831
429 ISHARES 3-7 YEAR TREASURY BOND ETF 49,664 49,571
2355 ISHARES FLOATING RATE BOND ETF 119,959 119,822
31940 ISHARES IBONDS DEC 2025 TERM CORPORATE ETF 800,503 800,097
37261 ISHARES IBONDS DEC 2025 TERM TREASURY ETF 869,972 868,927
26983 ISHARES IBONDS DEC 2026 TERM CORPORATE ETF 649,796 649,481
43805 ISHARES IBONDS DEC 2026 TERM TREASURY ETF 999,846 999,192
1173 ISHARES MBS ETF 109,600 107,541
4138 JANUS HENDERSON AAA CLO ETF 209,942 209,838
6291 PIMCO DYNAMIC INCOME OPPORTUNITIES FUND 84,870 85,495
1429 VANGUARD TOTAL BOND MARKET ETF 104,501 102,759
656 ISHARES GOLD TRUST 32,984 32,479
983 ISHARES SILVER TRUST 28,297 25,882
3217 ABERDEEN STANDARD INVESTMENTS ETFS BLOOMBERG ALL COMDTY STRGY K 1 FREE 65,013 63,536

TY 2024 InvestmentsOtherSchedule2
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ALKEON GROWTH PARTNERS AT COST 168,776 168,776
IRONWOOD INST. MULTISTRATEGY LLC AT COST 2,373,722 2,498,689

TY 2024 LegalFeesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 45,950 41,790   4,160


TY 2024 OtherExpensesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 11,059 731   10,328
MEMBERSHIP DUES 1,962 777   1,185
OFFICE SUPPLIES & EXPENSE 11,682 0   11,682
401K ADMINISTRATION FEES 8,973 0   8,973
TELEPHONE & INTERNET 2,720 0   2,720
SCHOLARS PROGRAM LEADERSHIP SEMINARS 9,041 0   9,041
TIMBERLAND MAINTENANCE 12,752 12,752   0
APPRAISALS 400 400   0
WEBSITE HOSTING AND MAINTENANCE 10,181 0   10,181
SCHOLARS ENRICHMENT 422 0   422
COMMUNITY OUTREACH 1,671 0   1,671


TY 2024 OtherIncomeSchedule2
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
HUNTING LEASES, FEES 238,586 238,586 238,586
RECOVERY OF AMOUNTS PREVIOUSLY DEDUCTED 9,750   9,750
K-1: ALKEON GROWTH PW PARTNERS 1,782,762 1,782,762 1,782,762
K-1: ALKEON GROWTH PW PARTNERS 28,407   28,407


TY 2024 OtherIncreasesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Description Amount
BOOK/TAX DIFFERENCE ON ALKEON GROWTH PARTNERS 295,159


TY 2024 OtherProfessionalFeesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SCHOLARS SELECTION COMMITTEE 7,200 0   7,200
FORESTRY MANAGEMENT SERVICES 91,728 91,728   0
INVESTMENT ADVISORY FEES 154,320 154,320   0


TY 2024 TaxesSchedule
Name:
J L BEDSOLE FOUNDATION
 
REGIONS BANK CO-TRUSTEE
EIN:
23-7225708
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AD VALOREM TAXES 66,143 66,143   0
PAYROLL TAXES 16,622 0   16,622
2023 EXCISE TAX PAYMENT 82,000 0   0