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
W L LYONS BROWN FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)325 W MAIN STREET SUITE 1110
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOUISVILLE, KY40202
A Employer identification number

61-0598511
B Telephone number (see instructions)

(502) 585-4649
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$46,631,549J 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 662 662  
4 Dividends and interest from securities... 1,129,404 1,129,404  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,177,282
b Gross sales price for all assets on line 6a 3,192,464
7 Capital gain net income (from Part IV, line 2)... 3,177,282
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 4,307,348 4,307,348  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 47,565 23,782   23,783
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,750 875   875
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
13,435 6,718   6,717
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
10,600 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,057 0   6,057
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 79,407 31,375   37,432
25 Contributions, gifts, grants paid....... 4,123,800 4,123,800
26 Total expenses and disbursements. Add lines 24 and 25 4,203,207 31,375   4,161,232
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 104,141
b Net investment income (if negative, enter -0-) 4,275,973
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............. 3,049 90,703 90,703
2 Savings and temporary cash investments......... 12,996 36,325 36,325
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)....... 171,348 Click to see attachment
List of Attached Documents:
// Content
164,506 		46,504,521
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 187,393 291,534 46,631,549
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........ 944,803 944,803
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -757,410 -653,269
29 Total net assets or fund balances (see instructions)..... 187,393 291,534
30 Total liabilities and net assets/fund balances (see instructions). 187,393 291,534
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
187,393
2
Enter amount from Part I, line 27a .....................
2
104,141
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
291,534
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
291,534
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 69,000 SHARES OF BROWN FORMAN CLASS B D 1999-10-20 2024-10-10
b
c
d
e
(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 3,192,464   15,182 3,177,282
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,177,282
b
c
d
e
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 3,177,282
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 59,436
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 59,436
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 59,436
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 59,475
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 59,475
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 73
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 34
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 2025 estimated taxright arrow   Refundedright arrow 11  
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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
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 arrowN/A
14
The books are in care ofright arrowSUSAN NICHOLSON Telephone no.right arrow (502) 585-4649

Located atright arrow325 W MAIN STREET 1110LOUISVILLEKY 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 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)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
SUSANNAH SCOTT-BARNES PRESIDENT/DIRECTOR
0.50 		0 0 0
325 W MAIN STREET SUITE 1110
LOUISVILLE,KY40202
LAINEY MUSSELMAN SEC/TREASURER/DIRECTOR
0.50 		0 0 0
325 W MAIN STREET SUITE 1110
LOUISVILLE,KY40202
OWSLEY BROWN III VICE PRESIDENT/DIRECTOR
0.25 		0 0 0
325 W MAIN STREET SUITE 1110
LOUISVILLE,KY40202
SUSAN V NICHOLSON FOUNDATION ADMINISTRATOR
8.00 		47,565 0 0
325 W MAIN STREET SUITE 1110
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
NONE
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (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
60,565,849
b
Average of monthly cash balances.......................
1b
569,838
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
61,135,687
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
61,135,687
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
917,035
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
60,218,652
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,010,933
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
3,010,933
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
59,436
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
59,436
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,951,497
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,951,497
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
2,951,497
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
4,161,232
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,161,232
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 2,951,497
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 4,123,799
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......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,161,232
a Applied to 2023, but not more than line 2a 4,123,799
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..... 37,433
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		2,914,064
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 ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (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

A CURE FOR ROBERT INC

508 TIFFANY LANE
LOUISVILLE,KY40207 		N/A PC OPERATIONAL SUPPORT 2,500

AMERICAN FARMLAND TRUST

1150 CONNECTICUT AVE NW STE 600
WASHINGTON,DC20036 		N/A PC OPERATIONAL SUPPORT 40,000

AMERICAN RED CROSS

510 E CHESTNUT STREET
LOUISVILLE,KY40201 		N/A PC OPERATIONAL SUPPORT 11,000

APPALSHOP INC

91 MADISON AVE
WHITESBURG,KY41858 		N/A PC OPERATIONAL SUPPORT 25,000

ATLANTIC SALMON FEDERATION

PO BOX 807
CALIAS,ME04619 		N/A PC OPERATIONAL SUPPORT 1,000

AUDUBON-CONNECTICUT

613 RIVERSVILLE ROAD
GREENWICH,CT06831 		N/A PC OPERATIONAL SUPPORT 10,000

BEREA COLLEGE

101 CHESTNUT ST
BEREA,KY40404 		N/A PC PROGRAM SUPPORT 25,000

BERRY CENTER

PO BOX 582
NEW CASTLE,KY40050 		N/A PC OPERATIONAL SUPPORT 132,300

BILLFISH FOUNDATION

PO BOX 8787
FT LAUDERDALE,FL33310 		N/A PC OPERATIONAL SUPPORT 20,000

BLUEGRASS LAND CONSERVANCY

450 OLD VINE STREET SUITE 105
LEXINGTON,KY40507 		N/A PC OPERATIONAL SUPPORT 12,500

CAPTAINS FOR CLEAN WATER

2031 JACKSON STREET
FORT MYERS,FL33901 		N/A PC OPERATIONAL SUPPORT 10,000

CENTER FOR INTERFAITH RELATIONS

415 W MUHAMMAD ALI BOULEVARD SUITE
101
LOUISVILLE,KY40202 		N/A PC OPERATIONAL AND PROGRAM SUPPORT 150,000

CENTRAL KENTUCKY RIDING FOR HOPE

PO BOX 13155
LEXINGTON,KY40583 		N/A PC OPERATIONAL SUPPORT 1,000

COLUMBIA UNIVERSITY

PO BOX 1523
NEW YORK,NY10008 		N/A PC PROGRAM SUPPORT 5,000

COMMUNITY FOUNDATION OF LOUISVILLE

325 W MAIN ST WATERFRONT PLAZA
SUITE 1110
LOUISVILLE,KY40202 		N/A PC PROGRAM SUPPORT 20,000

COMPASSIONATE SCHOOLS PROJECT - UNIVERSITY OF VIRGINIA

PO BOX 400807
CHARLOTTESVILLE,VA22904 		N/A PC - PUBLIC UNIVERSI OPERATIONAL SUPPORT 25,000

CONTEMPLATIVE SCIENCES CENTER - UNIVERSITY OF VIRGINIA

PO BOX 37963
BOONE,IA50037 		N/A PC - PUBLIC UNIVERSI OPERATIONAL AND PROGRAM SUPPORT 100,000

CREASEY MAHAN NATURE PRESERVE

12501 HARMONY LANDING LANE
GOSHEN,KY40026 		N/A PC OPERATIONAL SUPPORT 100,500

DARE TO CARE

PO BOX 35458
LOUISVILLE,KY40232 		N/A PC OPERATIONAL SUPPORT 10,000

DUCKS UNLIMITED INC

ONE WATERFOWL WAY
MEMPHIS,TN38120 		N/A PC PROGRAM SUPPORT 5,000

EAGLE HIGH SCHOOL

45 GLENVILLE RD
GREENWICH,CT06831 		N/A PC OPERATIONAL SUPPORT 80,000

EPISCOPAL HIGH SCHOOL

1200 NORTH QUAKE LANE
ALEXANDRIA,VA22302 		N/A PC OPERATIONAL SUPPORT 22,500

EQUESTRIAN EVENTS INC

PO BOX 12110
LEXINGTON,KY40580 		N/A PC PROGRAM SUPPORT 35,000

EVOLVE502 INC

334 E BROADWAY
LOUISVILLE,KY40202 		N/A PC PROGRAM SUPPORT 52,222

FALLS OF THE OHIO FOUNDATION INC

201 W RIVERSIDE DR
CLARKSVILLE,IN47129 		N/A PC OPERATIONAL SUPPORT 1,000

FLORIDA FISHING ACADEMY

7067 PENINSULA CT
LAKE WORTH,FL33467 		N/A PC OPERATIONAL SUPPORT 1,000

FOOD LITERACY PROJECT

9001 LIMEHOUSE LANE
LOUISVILLE,KY40220 		N/A PC OPERATIONAL SUPPORT 25,000

FRANCIS PARKER SCHOOL OF LOUISVILLE

11000 US HIGHWAY 42
GOSHEN,KY40026 		N/A PC OPERATIONAL SUPPORT 5,000

FUND FOR THE ARTS

623 WEST MAIN STREET
LOUISVILLE,KY40202 		N/A PC PROGRAM SUPPORT 10,000

GILDA'S CLUB

2440 GRINSTEAD DRIVE
LOUISVILLE,KY40204 		N/A PC OPERATIONAL SUPPORT 5,000

GRACE CATHEDRAL

1100 CALIFORNIA STREET
SAN FRANCISCO,CA94108 		N/A PC - RELIGIOUS ORGAN OPERATIONAL SUPPORT 50,000

GULF STREAM SCHOOL

3600 GULFSTREAM ROAD
GULF STREAM,FL33483 		N/A PC OPERATIONAL SUPPORT 20,000

HARPETH HALL SCHOOL

3801 HOBBS ROAD
NASHVILLE,TN37215 		N/A PC ENDOWMENT 10,000

HISTORIC LOCUST GROVE

561 BLANKENBAKER LANE
LOUISVILLE,KY40207 		N/A PC OPERATIONAL SUPPORT 1,000

IBMA FOUNDATION

PO BOX 516
CONCORD,MA01742 		N/A PC OPERATIONAL SUPPORT 1,000

ISAAC W BERNHEIM FOUNDATION INC

PO BOX 130
CLERMONT,KY40110 		N/A PC OPERATIONAL SUPPORT 42,500

J B SPEED ART MUSEUM

2035 S THIRD STREET
LOUISVILLE,KY402081812 		N/A PC PROGRAM SUPPORT 10,017

KENT SCHOOL

PO BOX 2006
KENT,CT06757 		N/A PC OPERATIONAL SUPPORT 18,000

KENTUCKY COLLEGE OF ART AND DESIGN

505 WEST ORMSBY AVENUE
LOUISVILLE,KY40203 		N/A PC UNRESTRICTED SUPPORT 102,511

KENTUCKY COUNTRY DAY

4100 SPRINGDALE ROAD
LOUISVILLE,KY40241 		N/A PC PROGRAM SUPPORT 35,000

KENTUCKY DERBY MUSEUM

704 CENTRAL AVE
LOUISVILLE,KY40208 		N/A PC PROGRAM SUPPORT 2,000

KENTUCKY EQUINE ADOPTION CENTER

PO BOX 910124
LEXINGTON,KY40591 		N/A PC OPERATIONAL SUPPORT 1,000

KENTUCKY HORSE PARK FOUNDATION INC

4075 IRON WORKS PARKWAY
LEXINGTON,KY40511 		N/A PC OPERATIONAL SUPPORT 25,000

KENTUCKY SCIENCE CENTER

727 WEST MAIN STREET
LOUISVILLE,KY40202 		N/A PC OPERATIONAL SUPPORT 2,500

KENTUCKY STATE NATURE PRESERVE COMMISSION

300 SOWER BOULE
FRANKFORT,KY40601 		N/A GOV OPERATIONAL SUPPORT 13,500

KENTUCKY STATE POLICE FOUNDATION

1303 US HIGHWAY 127 S STE 402
FRANKFORT,KY40601 		N/A PC OPERATIONAL SUPPORT 1,000

KENTUCKY TRUST FOR HISTORIC PRESERVATION

PO BOX 1112
FRANKFORT,KY406021112 		N/A PC OPERATIONAL SUPPORT 5,000

KENTUCKY WATERWAYS ALLIANCE INC

330 N HUBBARDS LANE
LOUISVILLE,KY40207 		N/A PC OPERATIONAL SUPPORT 27,500

KET

560 COOPER DRIVE
LEXINGTON,KY405022200 		N/A PC OPERATIONAL SUPPORT 5,000

KQED INC

PO BOX 5003
HAGERSTOWN,MD21741 		N/A PC OPERATIONAL SUPPORT 40,000

LAND TRUST ALLIANCE

1250 H STREET NW SUITE 600
WASHINGTON,DC20005 		N/A PC OPERATIONAL SUPPORT 5,000

LEAGUE OF KENTUCKY SPORTSMEN

1116 HUME ROAD
LEXINGTON,KY40516 		N/A PC OPERATIONAL SUPPORT 2,500

LEUKEMIA AND LYMPHOMA SOCIETY

PO BOX 22443
NEW YORK,NY10087 		N/A PC OPERATIONAL SUPPORT 2,500

LEXINGTON SCHOOL INC

1050 LANE ALLEN ROAD
LEXINGTON,KY40504 		N/A PC OPERATIONAL SUPPORT 2,000

LOUISVILLE COLLEGIATE SCHOOL

2427 GLENMARY AVE
LOUISVILLE,KY40204 		N/A PC CAPITAL SUPPORT 452,700

LOUISVILLE METRO POLICE FOUNDATION

982 EASTERN PARKWAY BOX 5
LOUISVILLE,KY40217 		N/A PC CAPITAL SUPPORT 2,500

LOUISVILLE OLMSTED PARKS CONSERVANCY

1299 TREVILIAN WAY
LOUISVILLE,KY40213 		N/A PC OPERATIONAL SUPPORT 75,000

LOUISVILLE ORCHESTRA

624 WEST MAIN STREET SUITE 400
LOUISVILLE,KY40202 		N/A PC PROGRAM AND OPERATIONAL SUPPORT 100,000

LOUISVILLE PUBLIC MEDIA

619 S 4TH STREET
LOUISVILLE,KY40202 		N/A PC PROGRAM SUPPORT 20,000

LOUISVILLE ZOO FOUNDATION

1100 TREVILLIAN WAY PO BOX 37250
LOUISVILLE,KY40233 		N/A PC OPERATIONAL SUPPORT 5,000

MAKER'S MARK SECRETARIAT CENTER

4155 WALT ROBERTSON DR
LEXINGTON,KY40511 		N/A PC OPERATIONAL SUPPORT 1,000

MARTY STUART CENTER INC

PO BOX 1126
PHILADELPHIA,MS39350 		N/A PC UNRESTRICTED SUPPORT 10,000

MASTERSON EQUESTRIAN TRUST FOUNDATION

PO BOX 12042
LEXINGTON,KY40580 		N/A PC OPERATIONAL SUPPORT 2,000

METRO UNITED WAY

PO BOX 4488
LOUISVILLE,KY402040488 		N/A PC OPERATIONAL SUPPORT 20,000

MID-SOUTH EVENTING AND DRESSAGE ASSN

PO BOX 338
GEORGETOWN,KY40324 		N/A PC OPERATIONAL SUPPORT 2,500

MOCKINGBIRD VALLEY PRESERVATION ALLIANCE

316 JARVIS LANE
LOUISVILLE,KY40207 		N/A PC OPERATIONAL SUPPORT 500

MONTEREY BAY AQUARIUM

886 CANNERY ROW
MONTEREY,CA93940 		N/A PC OPERATIONAL SUPPORT 15,000

NATIONAL DEER ASSOCIATION

PO BOX 160
BOGART,GA30622 		N/A PC PROGRAM SUPPORT 25,000

NATIONAL PARKS CONSERVATION ASSOCIATION

1300 19TH STREET NW SUITE 700
WASHINGTON,DC20036 		N/A PC PROJECT SUPPORT 200,000

NATURAL RESOURCES DEFENSE COUNCIL

40 WEST 20TH STREET-11TH FLOOR
NEW YORK,NY10011 		N/A PC PROJECT SUPPORT 135,000

NATURE CONSERVANCY-FLORIDA

1035 S SEMORAN BLVD SUITE 2-1021B
WINTER PARK,FL32792 		N/A PC OPERATIONAL SUPPORT 5,000

NATURE CONSERVANCY-KY CHAPTER

114 WOODLAND AVE
LEXINGTON,KY40502 		N/A PC PROJECT SUPPORT 5,000

NATURE CONSERVANCY-WYOMING

258 MAIN ST SUITE 200
LANDER,WY82520 		N/A PC OPERATIONAL SUPPORT 5,000

NEW VOCATIONS RACEHORSE ADOPTION PROGRAM

719 DOLAN LANE
LEXINGTON,KY40511 		N/A PC OPERATIONAL SUPPORT 1,000

OLD FRIEND'S INC

1841 PAYNES DEPOT RD
GEORGETOWN,KY40324 		N/A PC OPERATIONAL SUPPORT 1,000

OLDHAM COUNTY HISTORICAL SOCIETY

106 NORTH SECOND AVENUE
LAGRANGE,KY40031 		N/A PC OPERATIONAL SUPPORT 2,500

PALM BEACH COUNTY FISHING FOUNDATION

201 5TH STREET
WEST PALM BEACH,FL33401 		N/A PC PROGRAM SUPPORT 2,500

PAYNE HOLLOW ON THE OHIO INC

6215 DEEP CREEK COURT
PROSPECT,KY40059 		N/A PC OPERATIONAL SUPPORT 2,500

RETIRED RACEHORSE PROJECT

3357 HAZELWOOD ROAD
EDGEWATER,MD21037 		N/A PC OPERATIONAL SUPPORT 1,000

RIVER FIELDS INC

1201 STORY AVE STE 215
LOUISVILLE,KY40206 		N/A PC OPERATIONAL SUPPORT 1,000

ROCKY MOUNTAIN ELK FOUNDATION

5705 GRANT CREEK ROAD
MISSOULA,MT59808 		N/A PC OPERATIONAL SUPPORT 500

RURAL URBAN EXCHANGE

91 MADISON AVE
WHITESBURG,KY41858 		N/A PC OPERATIONAL SUPPORT 20,000

SALISBURY SCHOOL

251 CANAAN ROAD
SALISBURY,CT06068 		N/A PC OPERATIONAL AND PROJECT SUPPORT 5,000

SAYRE SCHOOL

194 N LIMESTONE
LEXINGTON,KY40507 		N/A PC OPERATIONAL SUPPORT 5,000

SHAKER VILLAGE AT PLEASANT HILL

3501 LEXINGTON ROAD
HARRODSBURG,KY40330 		N/A PC OPERATIONAL SUPPORT 1,000

SHERIDAN PUBLIC ARTS COMMITTEE

21 WEST BRUNDAGE STREET
SHERIDAN,WY82801 		N/A PC OPERATIONAL SUPPORT 2,000

SPORTSMAN ALLIANCE FOUNDATION

801 KINGSMILL PARKWAY
COLUMBUS,OH43229 		N/A PC OPERATIONAL SUPPORT 2,500

ST ANDREWS SCHOOL

350 NOXONTOWN ROAD
MIDDLETOWN,DE19709 		N/A PC OPERATIONAL SUPPORT 25,000

ST PAUL'S SCHOOL

325 PLEASANT STREET
CONCORD,NH03301 		N/A PC OPERATIONAL SUPPORT 500

THE BRINTON MUSEUM

PO BOX 460
BIG HORN,WY82833 		N/A PC OPERATIONAL SUPPORT 20,000

THE FILSON HISTORICAL SOCIETY

1310 SOUTH THIRD STREET
LOUISVILLE,KY40202 		N/A PC OPERATIONAL AND PROJECT SUPPORT 80,000

THE GARDEN CONSERVANCY

PO BOX 608
GARRISON,NY10524 		N/A PC UNRESTRICTED SUPPORT 3,000

THE HOPE BUSS

3131 SOUTH SECOND STREET SUITE 352
LOUISVILLE,KY40208 		N/A PC OPERATIONAL SUPPORT 10,000

THE LAND TRUST FOR TENNESSEE

PO BOX 41027
NASHVILLE,TN37204 		N/A PC OPERATIONAL SUPPORT 100,650

THE UNITED STATES PONY CLUBS INC

4041 IRON WORKS PARKWAY
LEXINGTON,KY40511 		N/A PC OPERATIONAL SUPPORT 1,000

THOROUGHBRED AFTERCARE ALLIANCE FDN

821 CORPORATE DR
LEXINGTON,KY40503 		N/A PC OPERATIONAL SUPPORT 1,000

THOROUGHBRED CHARITIES OF AMERICA

PO BOX 910668
LEXINGTON,KY40591 		N/A PC OPERATIONAL SUPPORT 1,000

THOROUGHBRED RETIREMENT FOUNDATION

PO BOX 834
SARATOGA SPRINGS,NY12866 		N/A PC OPERATIONAL SUPPORT 1,000

TOKEN III CLUB

3439 BRECKENRIDGE LN
LOUISVILLE,KY40220 		N/A PC OPERATIONAL SUPPORT 25,000

TROUT UNLIMITED

PO BOX 7400
WOOLLY BUGGER,WY25438 		N/A PC OPERATIONAL SUPPORT 2,000

US EQUESTRIAN TEAM FOUNDATION

PO BOX 355
GLADSTONE,NJ07934 		N/A PC OPERATIONAL SUPPORT 500

UNIVERSITY OF LOUISVILLE FOUNDATION

215 CENTRAL AVE 300
LOUISVILLE,KY40208 		N/A PC ENDOWMENT SUPPORT 36,667

UNIVERSITY OF VIRGINIA

PO BOX 37963
BOONE,IA50037 		N/A PC - PUBLIC UNIVERSI PROGRAM SUPPORT 15,000

USEA FOUNDATION

525 OLD WATERFORD RD NW
LEESBURG,VA20176 		N/A PC OPERATIONAL SUPPORT 5,000

VANDERBILT LAW SCHOOL

131 21ST AVE SOUTH
NASHVILLE,TN37203 		N/A PC PROGRAM SUPPORT 143,650

WEST END SCHOOL INC

3628 VIRGINIA AVE
LOUISVILLE,KY40203 		N/A PC OPERATIONAL SUPPORT 25,000

WESTOVER SCHOOL

1237 WHITTEMORE ROAD PO BOX 847
MIDDLEBURY,CT06762 		N/A PC OPERATIONAL SUPPORT 10,000

YEW DELL GARDENS

PO BOX 1334
CRESTWOOD,KY40014 		N/A PC OPERATIONAL SUPPORT 2,800

AMERICAN HORSE TRIALS FOUNDATION

363 NORTH LOOMIS STREET
SOUTHWICK,MA01077 		N/A PC OPERATIONAL SUPPORT 10,000

BAPTIST HOSPITALS FOUNDATION

1901 CAMPUS PLACE
LOUISVILLE,KY40299 		N/A PC UNRESTRICTED SUPPORT 10,000

BETHESDA HOSPITAL FOUNDATION

PO BOX 243628
BOYNTON BEACH,FL33424 		N/A PC OPERATIONAL SUPPORT 10,000

BREAKTHROUGH LOUISVILLE

902 SOUTH SHELBY STREET
LOUISVILLE,KY40203 		N/A PC UNRESTRICTED SUPPORT 25,000

CALIFORNIA IMMIGRANT POLICY CENTER (CIPIC)

634 S SPRING STREET 600A
LOS ANGELES,CA90014 		N/A PC OPERATIONAL SUPPORT 27,000

CAN'D AID

20 BOWEN STREET
LONGMONT,CO80501 		N/A PC PROGRAM SUPPORT 10,000

CATHEDRAL SCHOOL FOR BOYS

1275 SACRAMENTO ST
SAN FRANCISCO,CA94108 		N/A PC ENDOWMENT SUPPORT 38,650

CENTRO LEGAL DE LA RAZA

3400 E 12TH STREET
OAKLAND,CA94601 		N/A PC UNRESTRICTED SUPPORT 27,000

CHEEKWOOD ESTATE AND GARDENS

1200 FORREST PARK DRIVE
NASHVILLE,TN37205 		N/A PC PROJECT SUPPORT 200,000

COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA

4 VANDERBILT PARK PLACE SUITE 300
ASHVILLE,NC28803 		N/A PC PROGRAM SUPPORT 10,000

COMMUNITY PARTNERS

PO BOX 741265
LOS ANGELES,CA90074 		N/A PC PROJECT SUPPORT 27,000

DREPUNG GOMANG INSTITUTE

100 N HUBBARDS LANE
LOUISVILLE,KY40207 		N/A PC OPERATIONAL AND PROGRAM SUPPORT 16,800

FAIRVOTE

8484 GEORGIA AVENUE SUITE 240
SILVER SPRING,MD20910 		N/A PC UNRESTRICTED SUPPORT 27,650

FARMINGTON HISTORIC PLANTATION

3033 BARDSTOWN ROAD
LOUISVILLE,KY40205 		N/A PC PROGRAM SUPPORT 2,500

J DAVID GLADSTONE INSTITUTE

1650 OWENS STREET
SAN FRANCISCO,CA94158 		N/A PC OPERATIONAL SUPPORT 80,000

KENTUCKY CONSERVATION FOUNDATION

PO BOX 1152
FRANKFORT,KY406021112 		N/A PC UNRESTRICTED SUPPORT 5,000

KENTUCKY NATURAL LANDS TRUST

433 CHESTNUT STREET
BEREA,KY40403 		N/A PC UNRESTRICTED SUPPORT 10,000

LOUISVILLE URBAN LEAGUE

1535 WEST BROADWAY
LOUISVILLE,KY40203 		N/A PC PROGRAM SUPPORT 1,000

NANTUCKET MARIA MITCHELL ASSOCIATION

4 VESTAL STREET
NANTUCKET,MA02554 		N/A PC UNRESTRICTED SUPPORT 5,000

NANTUCKET POLICE CHARITABLE ASSOCIATION

4 FAIRGROUNDS ROAD
NANTUCKET,MA02554 		N/A PC UNRESTRICTED SUPPORT 1,000

NATIONAL STEM CELL FOUNDATION

101 SOUTH 5TH STREET SUITE 1605
LOUISVILLE,KY40202 		N/A PC OPERATIONAL SUPPORT 2,500

NATURE CONSERVANCY-CARIBBEAN DIVISION

719 DOLAN LANE
LEXINGTON,KY40511 		N/A PC OPERATIONAL SUPPORT 15,000

NAZARETH HOMES FOUNDATION

2000 NEWBURG RD
LOUISVILLE,KY40205 		N/A PC UNRESTRICTED SUPPORT 25,000

OLDHAM COUNTY EXTENSION OFFICE

207 PARKER DRIVE
LA GRANGE,KY40031 		N/A PC PROGRAM SUPPORT 1,500

PANGEA LEGAL SERVICES

391 SUTTER STREET SUITE 500
SAN FRANCISCO,CA94108 		N/A PC UNRESTRICTED SUPPORT 27,000

RITA JUNE FOUNDATION INC

545 SOUTH THIRD STREET
LOUISVILLE,KY40202 		N/A PC PROGRAM SUPPORT 284,683

SOQUIET

PO BOX 142518
ST LOUIS,MO63114 		N/A PC UNRESTRICTED SUPPORT 15,000

ST FRANCIS IN THE FIELDS CHURCH

671 WOLF PEN BRANCH ROAD
HARRODS CREEK,KY40027 		N/A PC OPERATIONAL SUPPORT 50,000

THE AMERICAN INDEPENDENT FOUNDATION

800 MAINE AVE SW SUITE 500
WASHINGTON,DC20024 		N/A PC UNRESTRICTED SUPPORT 100,000

THE NATURE CONSERVANCY

4245 N FAIRFAX DRIVE SUITE 100
ARLINGTON,VA22203 		N/A PC UNRESTRICTED SUPPORT 5,000

UNIVERSITY OF MISSISSIPPI FOUNDATION

406 UNIVERSITY AVE
OXFORD,MS38655 		N/A PC PROGRAM SUPPORT 50,000
Total .................................right arrow 3a 4,123,800
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 ........... 		    14 662  
4 Dividends and interest from securities ....     14 1,129,404  
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 3,177,282  
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 4,307,348 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,307,348
(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 (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:
W L LYONS BROWN FOUNDATION
EIN:
61-0598511
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION 1,750 875   875

TY 2024 InvestmentsCorpStockSchedule
Name:
W L LYONS BROWN FOUNDATION
EIN:
61-0598511
Name of Stock End of Year Book Value End of Year Fair Market Value
1,071,039 SHS BROWN FORMAN - B 106,216 40,678,061
154,589 SHS BROWN FORMAN - A 58,290 5,826,460

TY 2024 OtherExpensesSchedule
Name:
W L LYONS BROWN FOUNDATION
EIN:
61-0598511
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
KY ANNUAL REPORT 15 0   15
BANK FEES 4,165 0   4,165
OFFICE 849 0   849
SOFTWARE 1,028 0   1,028


TY 2024 OtherProfessionalFeesSchedule
Name:
W L LYONS BROWN FOUNDATION
EIN:
61-0598511
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOUNDATION ADMINISTRATION 13,435 6,718   6,717


TY 2024 TaxesSchedule
Name:
W L LYONS BROWN FOUNDATION
EIN:
61-0598511
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ESTIMATED TAX PAYMENTS 10,600 0   0