Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
FRANCES N ALDEN CHARITABLE TR
 
Number and street (or P.O. box number if mail is not delivered to street address) P O BOX 32760
  Room/suite
City or town
LOUISVILLE
State or province
KY
Country  
ZIP or foreign postal code
402322760
A Employer identification number

86-6493305
B Telephone number (see instructions)

5025888497
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$62,293,874J 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) 889,676
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,335,414 1,335,414  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,571,082
b Gross sales price for all assets on line 6a 9,470,268
7 Capital gain net income (from Part IV, line 2)... 3,571,082
8 Net short-term capital gain......... 0
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........ 5,796,172 4,906,496  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 150,364 112,773   37,591
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,000 750 0 250
c Other professional fees (attach schedule)....       0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
67,587 29,351   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule).......        
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 218,951 142,874 0 37,841
25 Contributions, gifts, grants paid....... 4,900,900 4,900,900
26 Total expenses and disbursements. Add lines 24 and 25 ................ 5,119,851 142,874 0 4,938,741
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 676,321
b Net investment income (if negative, enter -0-) 4,763,622
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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 Savings and temporary cash investments......... 2,028,699 1,092,204 1,092,204
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts 0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 22,738,522 22,097,059 38,080,193
c Investments—corporate bonds (attach schedule)....... 20,065,392 22,311,503 23,121,477
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe ) 7,045    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 44,839,658 45,500,766 62,293,874
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 )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 44,839,658 45,500,766
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 44,839,658 45,500,766
30 Total liabilities and net assets/fund balances (see instructions). 44,839,658 45,500,766
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
44,839,658
2
Enter amount from Part I, line 27a .....................
2
676,321
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
2,436
4
Add lines 1, 2, and 3 ..........................
4
45,518,415
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
17,649
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
45,500,766
Form 990-PF (2025)
Form 990-PF (2025)
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 325. ALPHABET INC CAP STK CL C   2022-02-22 2025-01-08
b 260. APPLE INC COM   2020-03-14 2025-01-08
c 325. BANK OF AMERICA CORP COM   2022-02-22 2025-01-08
d 140. BERKSHIRE HATHAWAY INC DEL CL B NEW   2022-02-22 2025-01-08
e 295. CARMAX INC COM   2022-02-22 2025-01-08
250. DISNEY WALT CO COM   2020-03-14 2025-01-08
150. EXPEDITORS INTL WASH INC COM   2022-02-22 2025-01-08
85. META PLATFORMS INC.   2022-02-22 2025-01-08
440. FASTENAL CO COM   2020-03-14 2025-01-08
145. GE VERNOVA INC COM   2022-02-22 2025-01-08
275. GE AEROSPACE   2023-02-22 2025-01-08
135. HOME DEPOT INC COM   2020-03-14 2025-01-08
285. JPMORGAN CHASE & CO COM   2020-03-14 2025-01-08
210. JOHNSON & JOHNSON COM   2020-03-14 2025-01-08
150. MICROSOFT CORP COM   2020-03-14 2025-01-08
35. O REILLY AUTOMOTIVE INC NEW COM   2022-02-22 2025-01-08
230. OMNICOM GROUP INC COM   2022-02-22 2025-01-08
70. PARKER HANNIFIN CORP COM   2022-10-27 2025-01-08
310. PROGRESSIVE CORP OH COM   2022-02-22 2025-01-08
580. SCHWAB CHARLES CORP NEW COM   2022-02-22 2025-01-08
235. TJX COS INC NEW COM   2020-03-14 2025-01-08
310. US BANCORP DEL COM NEW   2020-03-14 2025-01-08
85. UNION PAC CORP COM   2022-02-22 2025-01-08
260. WELLS FARGO & CO NEW COM   2022-02-22 2025-01-08
195. TE CONNECTIVITY PLC ORD SHS   2022-02-22 2025-01-08
335. BERKSHIRE HATHAWAY INC DEL CL B NEW   2022-02-22 2025-03-03
825. GE AEROSPACE   2023-02-22 2025-03-03
1500. PROGRESSIVE CORP OH COM   2022-02-22 2025-03-03
8415. US BANCORP DEL COM NEW   2023-06-09 2025-03-03
500000. UNITED PARCEL SVCS INC SR GLBL 3.90% DTD 03/24/2020 DUE 04/01/   2022-03-04 2025-04-01
3276. FASTENAL CO COM   2020-03-14 2025-04-09
181. O REILLY AUTOMOTIVE INC NEW COM   2022-02-22 2025-04-09
500000. SCHWAB CHARLES CORP SR GLBL NT 3.85% DTD 05/22/2018 DUE 05/21/   2022-02-24 2025-05-21
1180. GE VERNOVA INC COM   2024-04-10 2025-06-03
145. ALPHABET INC CAP STK CL C   2022-02-22 2025-07-02
70. AMAZON.COM INC COM   2025-06-03 2025-07-02
115. APPLE INC COM   2020-03-14 2025-07-02
150. BANK OF AMERICA CORP COM   2022-02-22 2025-07-02
60. BERKSHIRE HATHAWAY INC DEL CL B NEW   2022-02-22 2025-07-02
135. CARMAX INC COM   2022-02-22 2025-07-02
70. DANAHER CORP COM   2025-03-03 2025-07-02
155. DISNEY WALT CO COM   2020-03-14 2025-07-02
65. EXPEDITORS INTL WASH INC COM   2022-02-22 2025-07-02
40. META PLATFORMS INC.   2022-02-22 2025-07-02
290. FASTENAL CO COM   2020-03-14 2025-07-02
45. GE VERNOVA INC COM   2024-04-10 2025-07-02
110. GE AEROSPACE   2022-02-22 2025-07-02
60. HOME DEPOT INC COM   2020-03-14 2025-07-02
130. JPMORGAN CHASE & CO COM   2020-03-14 2025-07-02
95. JOHNSON & JOHNSON COM   2020-03-14 2025-07-02
70. MICROSOFT CORP COM   2020-03-14 2025-07-02
175. O REILLY AUTOMOTIVE INC NEW COM   2022-02-22 2025-07-02
160. OMNICOM GROUP INC COM   2022-02-22 2025-07-02
30. PARKER HANNIFIN CORP COM   2023-05-01 2025-07-02
115. PROGRESSIVE CORP OH COM   2022-02-22 2025-07-02
260. SCHWAB CHARLES CORP NEW COM   2022-02-22 2025-07-02
105. TJX COS INC NEW COM   2020-03-14 2025-07-02
40. UNION PAC CORP COM   2022-02-22 2025-07-02
115. WELLS FARGO & CO NEW COM   2022-02-22 2025-07-02
90. TE CONNECTIVITY PLC ORD SHS   2022-02-22 2025-07-02
500000. JPMORGAN CHASE & CO SR NT 3.90% DTD 07/21/2015 DUE 07/15/2025   2022-02-23 2025-07-15
135. ALPHABET INC CAP STK CL C   2022-02-22 2025-10-01
65. AMAZON.COM INC COM   2025-06-03 2025-10-01
105. APPLE INC COM   2020-03-14 2025-10-01
135. BANK OF AMERICA CORP COM   2022-02-22 2025-10-01
55. BERKSHIRE HATHAWAY INC DEL CL B NEW   2022-02-22 2025-10-01
120. CARMAX INC COM   2022-02-22 2025-10-01
65. DANAHER CORP COM   2025-03-03 2025-10-01
140. DISNEY WALT CO COM   2020-03-14 2025-10-01
60. EXPEDITORS INTL WASH INC COM   2022-02-22 2025-10-01
35. META PLATFORMS INC.   2022-02-22 2025-10-01
265. FASTENAL CO COM   2020-03-14 2025-10-01
50. GE VERNOVA INC COM   2024-04-10 2025-10-01
100. GE AEROSPACE   2022-02-22 2025-10-01
55. HOME DEPOT INC COM   2020-03-14 2025-10-01
120. JPMORGAN CHASE & CO COM   2020-03-14 2025-10-01
90. JOHNSON & JOHNSON COM   2020-03-14 2025-10-01
60. MICROSOFT CORP COM   2020-03-14 2025-10-01
160. O REILLY AUTOMOTIVE INC NEW COM   2022-02-22 2025-10-01
150. OMNICOM GROUP INC COM   2022-02-22 2025-10-01
25. PARKER HANNIFIN CORP COM   2023-05-01 2025-10-01
110. PROGRESSIVE CORP OH COM   2022-02-22 2025-10-01
240. SCHWAB CHARLES CORP NEW COM   2022-02-22 2025-10-01
95. TJX COS INC NEW COM   2020-03-14 2025-10-01
35. UNION PAC CORP COM   2022-02-22 2025-10-01
105. WELLS FARGO & CO NEW COM   2022-02-22 2025-10-01
80. TE CONNECTIVITY PLC ORD SHS   2022-02-22 2025-10-01
518. GE VERNOVA INC COM   2024-04-10 2025-10-17
200000. US BANCORP FR VAR RATE DTD 10/21/2022 DUE   2024-03-18 2025-10-21
49197.667 JOHNSON INSTITUTIONAL SHORT DURATION BOND FUND   2024-10-01 2025-10-22
655. ALPHABET INC CAP STK CL C   2022-02-22 2025-11-19
310. AMAZON.COM INC COM   2025-06-03 2025-11-19
530. APPLE INC COM   2020-03-14 2025-11-19
665. BANK OF AMERICA CORP COM   2022-02-22 2025-11-19
260. BERKSHIRE HATHAWAY INC DEL CL B NEW   2022-02-22 2025-11-19
600. CARMAX INC COM   2022-02-22 2025-11-19
320. DANAHER CORP COM   2025-03-03 2025-11-19
700. DISNEY WALT CO COM   2020-03-14 2025-11-19
300. EXPEDITORS INTL WASH INC COM   2022-02-22 2025-11-19
175. META PLATFORMS INC.   2022-02-22 2025-11-19
1300. FASTENAL CO COM   2020-03-14 2025-11-19
165. GE VERNOVA INC COM   2024-04-10 2025-11-19
500. GE AEROSPACE   2022-02-22 2025-11-19
280. HOME DEPOT INC COM   2020-03-14 2025-11-19
585. JPMORGAN CHASE & CO COM   2020-03-14 2025-11-19
430. JOHNSON & JOHNSON COM   2020-03-14 2025-11-19
305. MICROSOFT CORP COM   2020-03-14 2025-11-19
785. O REILLY AUTOMOTIVE INC NEW COM   2022-02-22 2025-11-19
730. OMNICOM GROUP INC COM   2022-02-22 2025-11-19
130. PARKER HANNIFIN CORP COM   2023-05-01 2025-11-19
515. PROGRESSIVE CORP OH COM   2022-02-22 2025-11-19
1175. SCHWAB CHARLES CORP NEW COM   2022-02-22 2025-11-19
475. TJX COS INC NEW COM   2020-03-14 2025-11-19
170. UNION PAC CORP COM   2022-02-22 2025-11-19
820. WELLS FARGO & CO NEW COM   2022-02-22 2025-11-19
400. TE CONNECTIVITY PLC ORD SHS   2022-02-22 2025-11-19
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(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 63,666   42,638 21,028
b 62,796   16,755 46,041
c 14,928   14,826 102
d 63,039   43,903 19,136
e 23,980   30,437 -6,457
27,293   23,960 3,333
16,795   15,192 1,603
51,688   17,372 34,316
32,036   14,225 17,811
51,790   8,731 43,059
47,374   18,219 29,155
52,048   25,141 26,907
68,941   26,685 42,256
29,834   27,076 2,758
63,320   21,903 41,417
42,063   23,352 18,711
19,214   19,431 -217
44,459   19,865 24,594
76,160   33,125 43,035
41,666   49,682 -8,016
28,351   10,919 17,432
14,957   10,505 4,452
19,549   21,347 -1,798
18,509   14,409 4,100
27,853   27,606 247
170,992   105,054 65,938
168,949   48,155 120,794
423,867   160,282 263,585
394,229   284,945 109,284
500,000   500,000  
248,395   105,913 142,482
245,752   120,763 124,989
500,000   500,000  
580,025   155,695 424,330
25,574   19,023 6,551
15,376   14,394 982
24,349   7,411 16,938
7,220   6,843 377
29,083   18,816 10,267
9,545   13,929 -4,384
14,009   14,518 -509
19,096   14,855 4,241
7,662   6,583 1,079
28,613   8,175 20,438
12,357   4,688 7,669
22,705   5,938 16,767
27,287   6,337 20,950
22,330   11,174 11,156
37,761   12,172 25,589
14,761   12,249 2,512
34,478   10,221 24,257
15,750   7,784 7,966
11,773   13,517 -1,744
21,128   9,839 11,289
29,931   12,288 17,643
23,765   22,271 1,494
13,134   4,879 8,255
9,407   10,046 -639
9,376   6,373 3,003
15,313   12,741 2,572
500,000   500,000  
33,018   17,711 15,307
14,366   13,366 1,000
26,948   6,766 20,182
6,853   6,159 694
27,294   17,248 10,046
5,408   12,381 -6,973
13,514   13,481 33
15,936   13,417 2,519
7,280   6,077 1,203
25,165   7,153 18,012
12,676   4,284 8,392
30,040   6,597 23,443
30,040   5,760 24,280
21,883   10,243 11,640
37,313   11,236 26,077
16,580   11,604 4,976
31,008   8,761 22,247
16,952   7,117 9,835
11,645   12,672 -1,027
18,807   8,199 10,608
27,088   11,754 15,334
22,368   20,558 1,810
13,705   4,414 9,291
8,203   8,790 -587
8,605   5,819 2,786
17,634   11,326 6,308
310,163   68,348 241,815
200,000   200,408 -408
746,329   739,441 6,888
198,061   85,932 112,129
68,604   63,745 4,859
143,429   34,154 109,275
34,806   30,336 4,470
129,178   81,534 47,644
20,274   61,906 -41,632
71,942   66,370 5,572
75,079   67,087 7,992
41,994   30,385 11,609
103,892   35,765 68,127
51,747   21,015 30,732
95,574   21,771 73,803
150,288   28,802 121,486
93,503   52,145 41,358
177,706   54,774 122,932
86,387   55,442 30,945
150,709   44,535 106,174
77,287   34,917 42,370
53,056   61,673 -8,617
107,162   42,634 64,528
116,682   55,030 61,652
109,376   100,650 8,726
69,287   22,071 47,216
37,614   42,695 -5,081
69,536   45,443 24,093
93,636   56,628 37,008
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
      64,346
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       21,028
b       46,041
c       102
d       19,136
e       -6,457
      3,333
      1,603
      34,316
      17,811
      43,059
      29,155
      26,907
      42,256
      2,758
      41,417
      18,711
      -217
      24,594
      43,035
      -8,016
      17,432
      4,452
      -1,798
      4,100
      247
      65,938
      120,794
      263,585
      109,284
       
      142,482
      124,989
       
      424,330
      6,551
      982
      16,938
      377
      10,267
      -4,384
      -509
      4,241
      1,079
      20,438
      7,669
      16,767
      20,950
      11,156
      25,589
      2,512
      24,257
      7,966
      -1,744
      11,289
      17,643
      1,494
      8,255
      -639
      3,003
      2,572
       
      15,307
      1,000
      20,182
      694
      10,046
      -6,973
      33
      2,519
      1,203
      18,012
      8,392
      23,443
      24,280
      11,640
      26,077
      4,976
      22,247
      9,835
      -1,027
      10,608
      15,334
      1,810
      9,291
      -587
      2,786
      6,308
      241,815
      -408
      6,888
      112,129
      4,859
      109,275
      4,470
      47,644
      -41,632
      5,572
      7,992
      11,609
      68,127
      30,732
      73,803
      121,486
      41,358
      122,932
      30,945
      106,174
      42,370
      -8,617
      64,528
      61,652
      8,726
      47,216
      -5,081
      24,093
      37,008
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 3,571,082
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 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 66,214
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 66,214
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 66,214
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 29,700
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  
7 Total credits and payments. Add lines 6a through 6d.............. 7 29,700
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 36,514
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
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)
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 2025 or the taxable year beginning in 2025? 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
Yes
 
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 address  
14
The books are in care ofBAIRD TRUST COMPANY Telephone no. (502) 588-8497

Located atPO BOX 32760LOUISVILLEKY ZIP+440232
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
BAIRD TRUST COMPANY TRUSTEE
1 		150,364    
PO BOX 32760
LOUSIVILLE,KY402322760
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
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.........................  
Form 990-PF (2025)
Form 990-PF (2025)
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
58,566,884
b
Average of monthly cash balances.......................
1b
3,501,547
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
62,068,431
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
62,068,431
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
931,026
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
61,137,405
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
3,056,870
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,056,870
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
66,214
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
66,214
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,990,656
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,990,656
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
2,990,656
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, line 26, column (d) ..........
1a
4,938,741
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,938,741
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 2,990,656
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 0
b From 2021...... 0
c From 2022...... 0
d From 2023...... 0
e From 2024...... 973,351
f Total of lines 3a through e ........ 973,351
4Qualifying distributions for 2025 from Part
XI, line 4: $ 4,938,741
a Applied to 2024, 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 2025 distributable amount..... 2,990,656
e Remaining amount distributed out of corpus 1,948,085
5 Excess distributions carryover applied to 2025. 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 2,921,436
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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		2,921,436
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 973,351
e Excess from 2025 .... 1,948,085
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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).)
NA
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.
NA
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here 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, 2b, 2c, and 2d. 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 (2025)
Form 990-PF (2025)
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

UNIVERSITY OF LOUISVILLE FOUNDATION

215 CENTRAL AVE SUITE 304
Louisville,KY40208 		NONE   CHARITABLE 300,000

Dare to Care Inc

5803 FERN VALLEY RD
Louisville,KY40228 		NONE   CHARITABLE 100,000

LOUISVILLE CHORUS

PO BOX 6413
Louisville,KY40206 		NONE   CHARITABLE 1,000

COMMUNITY FOUNDATION OF LOUISVILLE

325 W MAIN ST 1110
Louisville,KY40202 		NONE   EMPOWER AND MAKING 100,000

PETERSON-DUMESNIL HOUSE FOUNDATION

301 S PETERSON AVE
Louisville,KY40206 		NONE   CHARITABLE 4,000

DOGS HELPING HEROES INC

PO BOX 2126
Clarksville,IN47131 		NONE   CHARITABLE 25,000

HILDEGARD HOUSE

PO BOX 9613
LOUISVILLE,KY40255 		NONE   CHARITABLE 50,000

SPEED ART MUSEUM

2035 S 3RD ST
Louisville,KY40208 		NONE   CHARITABLE 300,000

HOME OF THE INNOCENTS

1100 E MARKET ST
Louisville,KY40206 		NONE   EMPOWER AND ENRICH LIVES OF 1,500,000

LOUISVILLE COLLEGIATE SCHOOL

2427 GLENMARY AVE
Louisville,KY40204 		NONE   SCHOLARSHIP 100,000

CABBAGE PATCH SETTLEMENT HOUSE

1413 S 6TH ST
Louisville,KY40208 		NONE   EQUIP AND EMPOWER AT-RISK 120,000

Fund for the Arts Inc

623 W MAIN ST
Louisville,KY40202 		NONE   CHARITABLE 150,000

Kids Center for Pediatric Therapies

982 EASTERN PARKWAY DOOR 4
Louisville,KY40217 		NONE   CHARITABLE 200,000

Hosparus inc

6200 DUTCHMANS LN
Louisville,KY40205 		NONE   GRIEF- COUNSELING SERVICES 250,000

LOUISVILLE FREE PUBLIC LIBRARY FDN

301 YORK STREET
LOUISVILLE,KY40203 		NONE   ENHANCE LIBRARY'S PROGRAMS 500,000

VISUALLY IMPAIRED PRESCHOOL SVC

1906 GOLDSMITH LN
Louisville,KY40218 		NONE   CHARITABLE 25,000

OLMSTED PARKS CONSERVANCY

1299 TREVILIAN WAY
Louisville,KY40213 		NONE   RESTORING AND PROTECTING 200,000

LOUISVILLE PUBLIC MEDIA

619 S 4TH ST
Louisville,KY40202 		NONE   CHARITABLE 5,000

FAMILY SCHOLAR HOUSE

403 REG SMITH CIR
Louisville,KY40208 		NONE   CHARITABLE 150,000

WATERFRONT BOTANICAL GARDENS

1800 MARINAS EDGE WAY SUITE 101
Louisville,KY40206 		NONE   TO PRESERVE HEALTHY NATURE 100,000

HISTORIC LOCUST GROVE INC

561 BLANKENBAKER LN
Louisville,KY40207 		NONE   PRESERVING A NATIONAL 435,900

HORSESENING

270 BAGDAD ROAD
Shelbyville,KY40065 		NONE   CHARITABLE 35,000

NEUROPLASTICITY ALLIANCE

570 GLENMANOR CT
Sandy Springs,GA30328 		NONE   CHARITABLE 250,000
Total ................................. 3a 4,900,900
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,335,414  
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 3,571,082  
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) ..   4,906,496  
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,906,496
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
FRANCES N ALDEN CHARITABLE TR
 
Employer identification number

86-6493305
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
FRANCES N ALDEN CHARITABLE TR
  		Employer identification number
86-6493305
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
FRANCES N ALDEN IRR TUA
C/O BAIRD TRUST COMPANY
 
LOUISVILLE, KY402322760

$ 889,676


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
FRANCES N ALDEN CHARITABLE TR
  		Employer identification number

86-6493305
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
FRANCES N ALDEN CHARITABLE TR
  		Employer identification number

86-6493305
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
FRANCES N ALDEN CHARITABLE TR
EIN:
86-6493305
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,000 750   250

TY 2025 OtherDecreasesSchedule
Name:
FRANCES N ALDEN CHARITABLE TR
EIN:
86-6493305
Description Amount
ACCRUED INT - TAX EFFECTIVE 2026 17,649


TY 2025 OtherIncreasesSchedule
Name:
FRANCES N ALDEN CHARITABLE TR
EIN:
86-6493305
Description Amount
WASH SALE ADJUSTMENT 509
PY WASH SALE ADJUSTMENT 1,544
ACCRUED INT CARRYOVER 343
TIMING DIFFERENCE 40


TY 2025 TaxesSchedule
Name:
FRANCES N ALDEN CHARITABLE TR
EIN:
86-6493305
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,542 3,542   0
FEDERAL TAX PAYMENT - PRIOR YE 8,536 0   0
FEDERAL ESTIMATES - PRINCIPAL 29,700 0   0
FOREIGN TAXES ON QUALIFIED FOR 19,188 19,188   0
FOREIGN TAXES ON NONQUALIFIED 6,621 6,621   0