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
LESTER E YEAGER CHARITABLE TRUST B
 
Number and street (or P.O. box number if mail is not delivered to street address) P O BOX 964
 
Room/suite
City or town
OWENSBORO
State or province
KY
Country  
ZIP or foreign postal code
42302
A Employer identification number

61-1159548
B Telephone number (see instructions)

2706868254
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)$8,430,462
J 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 .................
3 Interest on savings and temporary cash investments 19,129 19,129  
4 Dividends and interest from securities... 191,985 191,985  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 38,499
b Gross sales price for all assets on line 6a 256,426
7 Capital gain net income (from Part IV, line 2)... 38,499
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........ 249,613 249,613  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 92,000 14,720   77,280
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... 3,585 1,793   1,792
c Other professional fees (attach schedule).... 12,372 12,372   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... 10,455 2,502   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 3,016 0   3,016
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... 4,186 148   4,038
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 125,614 31,535   86,126
25 Contributions, gifts, grants paid....... 274,828 274,828
26 Total expenses and disbursements. Add lines 24 and 25 ................ 400,442 31,535   360,954
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -150,829
b Net investment income (if negative, enter -0-) 218,078
c Adjusted net income (if negative, enter -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............. 3,526 9,787 9,787
2 Savings and temporary cash investments......... 689,940 376,700 376,700
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,031,223 Click to see attachment
List of Attached Documents:
// Content
4,318,218
7,968,991
c Investments—corporate bonds (attach schedule)....... 212,333 Click to see attachment
List of Attached Documents:
// Content
81,488
74,984
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis 2,390
Less: accumulated depreciation (attach schedule) 2,390      
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,937,022 4,786,193 8,430,462
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 ) Click to see attachment
List of Attached Documents:
// Content
475
Click to see attachment
List of Attached Documents:
// Content
475
23 Total liabilities (add lines 17 through 22)......... 475 475
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........ 4,267,463 4,267,463
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 669,084 518,255
29 Total net assets or fund balances (see instructions)..... 4,936,547 4,785,718
30 Total liabilities and net assets/fund balances (see instructions). 4,937,022 4,786,193
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
4,936,547
2
Enter amount from Part I, line 27a .....................
2
-150,829
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,785,718
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
4,785,718
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 STOCKS AND BONDS P 2000-01-01 2025-12-01
b STOCKS AND BONDS P 2000-01-01 2025-12-01
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 123,004   122,454 550
b 133,422   95,473 37,949
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       550
b       37,949
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 38,499
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 3,031
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 3,031
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 3,031
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 6,080
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 6,080
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 3,049
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax3,049 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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 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)
KY
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
 
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 addressNONE
14
The books are in care ofDONNA PORTER Telephone no. (270) 686-8254

Located atP O BOX 964OWENSBOROKY ZIP+442302
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)
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 ........
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
WILLIAM WILSON JR TRUSTEE
12.00
24,000 0 0
1930 OXFORD DRIVE
OWENSBORO,KY42301
DONNA PORTER TRUSTEE
12.00
42,000 0 0
5386 ROBY ROAD
PHILPOT,KY42366
TRAFTON T LITTLEPAGE TRUSTEE
12.00
26,000 0 0
1633 GRIFFITH AVENUE
OWENSBORO,KY42301
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 GRANTS WERE DISTRIBUTED TO 38 ORGANIZATIONS WITHIN THE WESTERN KENTUCKY/SOUTHERN INDIANA GEOGRAHPIC REGION AT AN AVERAGE OF ABOUT $7,200 PER ORGANIZATION. 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A 0
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
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
7,480,646
b
Average of monthly cash balances.......................
1b
608,765
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
8,089,411
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
8,089,411
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
121,341
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
7,968,070
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
398,404
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
398,404
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
3,031
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,031
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
395,373
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
395,373
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
395,373
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
360,954
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
360,954
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 7 395,373
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 246,675
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 360,954
a Applied to 2024, but not more than line 2a 246,675
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..... 114,279
e Remaining amount distributed out of corpus 0
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 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 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 ..........
281,094
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 ......
0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
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).)
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 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 e-mail address of the person to whom applications should be addressed:
LESTER E YEAGER CHARITABLE TRUST CO
P O BOX 964
OWENSBORO,KY42302
(270) 686-8254
bThe form in which applications should be submitted and information and materials they should include:
FOUR COMPELTED COPIES OF THE FOUR PAGE APPLICAITON FOR GRANT AND A ONE PAGE COVER LETTER SHOULD BE MAILED TO PO BOX 964. ITEMS TO INCLUDE WITH THE APPLICAITON INCLUDE BUT ARE NOT LIMITED TO AFFIRMATION/DETERMINATION LETTER FROM THE IRS, THREE YEAR HISTORY FINANCIAL REPORT AND A BUDGET FOR THE NEXT FISCAL YEAR.
cAny submission deadlines:
OCTOBER 15TH
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
EXEMPT ORGANIZATION MUST BE A 501(C)(3) AND PROVIDE DOCUMENTATION OF SUCH FROM THE IRS AND ANY GRANTS DISBURSED SHOULD BE USED FOR THE PURPOSE INDICATED ON THE APPLICAITON SUBMITTED
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

AMERICAN RED CROSS WESTERN KY REGION

1700 FREDERICA STREET STE 105
OWENSBORO,KY42301
NONE   HOME FIRE FINANCIAL ASSISTANCE PROGRAM FOR FAMILIES WHO HAVE SUFFERED LOSS DUE TO FIRE 15,000

BLUEGRASS MUSIC HALL OF FAME

311 WEST 2ND STREET
OWENSBORO,KY42301
NONE   EDUCATIONAL FUNDING IN PERSON AND ONLINE; FUNDING FOR INSTRUMENT LOANS, OTHER NEEDS 5,000

CLIFF HAGAN BOYS & GIRLS CLUB

3415 BUCKLAND SQUARE
OWENSBORO,KY42301
NONE   FUNDRAISER EXPENSES AND OPERATING EXPENSES TO HELP FUND VARIOUS PROGRAMS OFFERED TO THE COMMUNITY 20,000

COLLEGE VIEW MIDDLE SCHOOL

5061 NEW HARTFORD ROAD
OWENSBORO,KY42303
NONE   REPLACE AGING FITNESS EQUIPMENT, PURCHASE NEW CARDIO EQUIPMENT; AND REVAMP FITNESS CENTER USED BY STUDENTS FOR PE AND PERSONAL FITNESS GOALS 2,500

COMMUNITY DENTAL CLINIC

2811 NEW HARTFORD ROAD SUITE A
OWENSBORO,KY42303
NONE   COMPASSIONATE CARE FUND BRIDGES THE GAP IN COST OF DENTAL AND WHAT THE PATIENT CAN AFFORD EVEN WHEN THE REDUCED FEE IS TOO MUCH FOR THE PATIENT 7,500

CROSSROADS INC

1631 BRECKENRIDGE STREET
OWENSBORO,KY42303
NONE   SIX MONTHS OF UTILITY BUDGET AND MORTGAGE PAYMENTS IN ADDITION TO ASSISTANCE WITH LATE NIGHT SHELTER WORKERS PAY; BUS TOKENS FOR WOMEN AND CHILDREN 15,000

EASTER SEALS REHABILITATION CENTER

3701 BELLEMEADE AVENUE
EVANSVILLE,IN47714
NONE   HELP UNDERWRITE THERAPY SERVICES FOR DISADVANTAGED CHILDREN AND ADULTS WITH DISABILITIES IN KY, IN, IL 4,500

FATHER BRADLEY SHELTER FOR WOMEN AND CHILDREN

530 KLUTEY PARK PLAZA DRIVE
HENDERSON,KY42420
NONE   OPERATIONAL EXPENSES INCLUDING CASE WORK AND UTILITIES 7,500

GIRL SCOUTS OF KENTUCKIANA

2115 LEXINGTON ROAD
LOUISVILLE,KY40206
NONE   SUPPORT FINANCIAL ASSISTANCE PROGRAM WHICH INCREASES FUNDING AVAILABLE FOR CAMP SCHOLARSHIPS FOR GIRLS WHO WOULD NOT BE ABLE TO ATTEND CAMP OTHERWISE IN PENNYROYAL AREA SPECIFICALLY DAVIESS COUNTY 5,000

GIRLS INCORPORATED OF OWENSBORO-DAVISS COUNTY

P O BOX 1626
OWENSBORO,KY42302
NONE   PROVIDE SAFETY, SECURITY AND FIRE EQUIPMENT DOORS; LED LIGHTING/FIXTURES IN CLASSROOMS GYM AND THERAPHY ROOMS; VARIOUS REPAIRS AND MAINTENANCE; OUTDOOR SIGNAGE 20,000

GOODFELLOWS CLUB

401 FREDERICA STREET SUITE 203B
OWENSBORO,KY42301
NONE   DONATION 2,500

HABITAT FOR HUMANITY

23930 WEST 4TH STREET
OWENSBORO,KY42301
NONE   CREATE GREEN SPACE, PURCHASE OF ASSET, OUTDOOR COMMUNITY AREA 5,000

HENDERSON AREA ARTS ALLIANCE

2660 S GREENT STREET
HENDERSON,KY42420
NONE   FUNDING FOR ART SHOWS AND SUMMAR CAMP FOR AREA CHILDREN 3,000

IMAGINATION LIBRARY OF DAVIESS COUNTY

P O BOX 23024
OWENSBORO,KY42304
NONE   MARKETING PURPOSES BECAUSE 100% OF FUNDRAISERS AND DONATIONS ARE USED SOLELY FOR THE PURCHASE OF BOOKS FOR KIDS IN DAVIESS COUNTY 3,250

KENTUCKY RACE TRACK CHAPLAINCY

P O BOX 324
SIMPSONVILLE,KY40067
NONE   SUPPORT KRTC'S CHAPLAINCY ACTIVITIES AT ELLIS PARK RACE TRACK; MEETING SPIRITUAL NEEDS OF WORKERS THROUGH BARN VISITS, CHAPAL SERVICES AND OTHER EVENTS; MEETING PHYSICAL NEEDS THROOUGH CLOTHES CLOSET, MEALS, SNACKS AND HELPING WORKERS NAVIGATE HEALTHCARE; EMOTIONAL NEEDS THROUGH CRISIS SUPPORT, COUNSELING AND ENRICHMENT EVENTS 7,500

MARY CARRICO CATHOLIC SCHOOL

9546 KENTUCKY HIGHWAY 144
PHILPOT,KY42366
NONE   FUNDING FOR ACCELERATED READER AND STAR READING PROGRAMS 2,243

OHIO VALLEY ART LEAGUE

P O BOX 1406
HENDERSON,KY42419
NONE   100 OF AWARE BUDGET FOR 2025; 6 JURIED EXHIBITS 2,000

OWENSBORO AREA SHELTER INFORMATION & SERVICES INC

P O BOX 457
OWENSBORO,KY42302
NONE   FUNDING INDIVIDUAL EMERGENCY FINANCIAL ASSISTANCE FOR CLIENTS FOR GAS CARDS TO GET TO WORK OR TAKE CHILDREN TO SCHOOL; CAR REPAIR; MEDICAL AND OTHER BILLS, ETC. 10,000

OWENSBORO BOARD OF EDUCATION

450 GRIFFITH AVENUE
OWENSBORO,KY42301
NONE   $3,000 FOR BASIC MEDICAL AND DENTAL VISITS, VISION SUPPLIES, GLASSES, LICE TREATMENTS, FIELD TRIP BAGS AND OTHER HEALTH NEEDS; 3 PORTABLE ZOLL AED3 UNITS AND 3 ZOLL AED3 TRAINERS FOR THE DISTRICT THAT NEED REPLACING FOR SAFETY PURPOSES 13,835

OWENSBORO COMMUNITY TECHNICAL COLLEGE

4800 NEW HARTFORD ROAD
OWENSBORO,KY42303
NONE   SCHOLARSHIPS TO STUDENTS IN THE NEW CAPITAL BLUEGRASS & TRADITIONAL MUSIC PROGRAM TO ASSIST WITH TUITION 5,000

OWENSBORO DANCE THEATRE

2705 BRECKENRIDGE STREET
OWENSBORO,KY42303
NONE   BUILDING GENERATIONS THROUGH DANCE PROGRAM: AN INTEGRATIVE ARTS & HEALTH INITIATIVE WHICH IS TO ENHANCE THE QUALITY OF LIFE AND FOSTER INTERGENERATIONAL CONNECTIONS FOR OVER 2,000 COMMUNITY MEMBERS OF DIVERSE AGES 2,000

OWENSBORO LIONS CLUB

2707 BRECKENRIDGE STREET
OWENSBORO,KY42303
NONE   SOAP BOX DERBY 2,500

OWENSBORO SHRINE CLUB

1800 FOGLE ROAD
OWENSBORO,KY42301
NONE   TRANSPORT CHILDREN TO AND FROM HOSPITALS 3,500

OWENSBORO SYMPHONY ORCHESTRA INC

211 EAST SECOND STREET
OWENSBORO,KY42303
NONE   SYMPHONY SAFARI IS AN EDUCATIONAL PROGRAM THAT ALLOWS 300 SCHOOL CHILDREN AND THEIR CHAPERONES AND ROOSEVELT HOUSE RESIDENTS, AND OTHERS TO ATTEND A CONCERT 5,000

RIVERPARK CENTER INC

101 DAVIESS STREET
OWENSBORO,KY42303
NONE   ART EDUCATION PROGRAMS SUCH AS ART TEACHES KIDS SERIES BY COVERING CRITICAL ASPECTS INCLUDING SCHOLARSHIP PROGRAM, TALENT FEES, AND ASSOCIATED EXPENSES 5,000

ST MARY OF THE WOODS SCHOOLS

10521 FRANKLIN STREET
WHITESVILLE,KY42378
NONE   RENAISSANCE LEARNING, IXL, LEXIA CORE 5, ONLINE CURRICULUM FOR THE 292 STUDENTS HELPING WITH READING AND MATH 5,000

ST VINCENT DE PAUL CONFERENCE AT OUR LADY OF LOURDES

4029 FREDERICA STREET
OWENSBORO,KY42301
NONE   HELPING LOCAL PEOPLE IN THE COMMUNITY WITH DAILY BASIC NEEDS SUCH AS SINGLE PARENTS, DISABLED AND RETIRED INDIVIDUALS ON A FIXED INCOME 7,000

THE WAY OF ROCKPORT INDIANA INC

317 MAIN STREET P O BOX 506
ROCKPORT,IN47635
NONE   HELP WITH EXPENSES DIRECTLY RELATED TO THE MEN'S HOME AND PROGRAMS OFFERED FREE AND OPEN TO THE PUBLIC; REPLACE FURNANCE 21,000

THE WESTERN KENTUCKY BOTANICAL GARDEN

P O BOX 22562
OWENSBORO,KY42304
NONE   ASSIST WITH PRESERVING, MAINTAINING AND EXPANDING THE KOI POND 5,000

TRINITY HIGH SCHOOL

10510 MAIN CROSS STREET
WHITESVILLE,KY42378
NONE   PURCHASE ONLINE PROGRAMS THAT WILL ENHANCE EXISTING TECHNOLOGY TO PROVIDE BETTER CLASSROOM MANAGEMENT, CURRICULUM AND ONLINE SAFETY FOR STUDENTS 5,000

WESTERN KENTUCKY UNIVERSITY OWENSBORO CAMPUS

4821 NEW HARTFORD ROAD
OWENSBORO,KY42303
NONE   SCHOLARSHIP ASSISTANCE FOR STUDENTS 2,000

GREEN RIVER AREA FOOD WAREHOUSE DBA GREEN RIVER COMMUNITY FOOD

PO BOX 1061
OWENSBORO,KY42302
NONE   FUNDING TO HELP BUILD A TEMPERATURE-CONTROLLED WAREHOUSE IN OWENSBORO TO STORE DONATED FOOD THAT WILL BE DISTRIBUTED TO LOCAL PANTRIES AND KITCHENS. 20,000

H L NEBLETT COMMUNITY CENTER

801 WEST 5TH STREET
OWENSBORO,KY42301
NONE   FUNDING FOR CLASSROOM REVITALIZATION TO MOVE FROM A 3-STAR DAYCARE TO 4-STAR DAYCARE. MORE BOOKS PER CHILD ARE NEEDED AND NATURAL ITEMS LIKE PLANTS AND FISHTANKS. IN ORDER TO ACCOMPLISH THIS, CLEANLINESS AND MODERNIZATION OF THE ROOM ARE NEEDED. 5,000

HELP OFFICE OF OWENSBORO

1316 WEST 4TH STREET
OWENSBORO,KY42301
NONE   PURCHASE NUTRITIOUS FOODS TO BATTLE HUNGER AND FOOD INSUFFICIENCY IN DAVIESS COUNTY. 5,000

HOLY NAME OF JESUS CATHOLIC SCHOOL

628 2ND STREET
HENDERSON,KY42420
NONE   HELP IN PURCHASE AND INSTALLATION OF PHONE LINES, CAMERAS AND CAMERA MONITORING EQUIPMENT, COMPUTER, SAFE, DESK AND OFFICE SET UP FOR A SCHOOL RESOURCE OFFICER. 2,500

THE EMPOWERMENT ACADEMY INC

2625 FREDERICA STREET SUITE 2A
OWENSBORO,KY42301
NONE   TO COVER COSTS, SPONSOR TWO STUDENTS FOR ONE YEAR. 10,000

WKY WOLFPACK

3000 FREDERICA STREET
OWENSBORO,KY42301
NONE   OFFSET EXPENSE OF ADDING TWO NEW AGE GROUPS TO THE YOUTH DEVELOPMENTAL FOOTBALL PROGRAM. HELMET RE-CONDITIONING AND RECERTIFICATION TO MAKE SURE THAT EQUIPMENT IS UP TO STANDARD GUIDELINES FOR SAFETY. 11,000

COUNTRY HEIGHTS ELEMENTARY SCHOOL

4961 STATE ROUTE 54
OWENSBORO,KY42303
NONE   CHARTER BUSES TO TAKE 5TH GRADE STUDENTS TO CAPITOL BUILDING. 2,000
Total ................................. 3a 274,828
bApproved for future payment
Total ................................. 3b 0
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 ...........
    14 19,129  
4 Dividends and interest from securities ....     14 191,985  
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 38,499  
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) .. 0 249,613 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
249,613
(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

TY 2025 AccountingFeesSchedule
Name:
LESTER E YEAGER CHARITABLE TRUST B
EIN:
61-1159548
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL AND ACCOUNTING 3,585 1,793   1,792

TY 2025 InvestmentsCorpBondsSchedule
Name:
LESTER E YEAGER CHARITABLE TRUST B
EIN:
61-1159548
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 81,488 74,984

TY 2025 InvestmentsCorpStockSchedule
Name:
LESTER E YEAGER CHARITABLE TRUST B
EIN:
61-1159548
Name of Stock End of Year Book Value End of Year Fair Market Value
STOCKS 4,318,218 7,968,991

TY 2025 OtherExpensesSchedule
Name:
LESTER E YEAGER CHARITABLE TRUST B
EIN:
61-1159548
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE SUPPLIES 109 0   109
UTILITIES 643 32   611
TELEPHONE EXPENSE 2,325 116   2,209
SMALL OFFICE EQUIPMENT 1,109 0   1,109


TY 2025 OtherLiabilitiesSchedule
Name:
LESTER E YEAGER CHARITABLE TRUST B
EIN:
61-1159548
Description Beginning of Year - Book Value End of Year - Book Value
PAYROLL TAXES 475 475


TY 2025 OtherProfessionalFeesSchedule
Name:
LESTER E YEAGER CHARITABLE TRUST B
EIN:
61-1159548
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 12,372 12,372   0


TY 2025 TaxesSchedule
Name:
LESTER E YEAGER CHARITABLE TRUST B
EIN:
61-1159548
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES WITHHELD 2,502 2,502   0
EXCISE TAXES 6,659 0   0
EMPLOYER PAYROLL TAXES 1,294 0   0