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
Republic Bank Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address) 601 West Market Street
  Room/suite
City or town
Louisville
State or province
KY
Country  
ZIP or foreign postal code
402022745
A Employer identification number

27-2222303
B Telephone number (see instructions)

5025608628
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)$12,641,493J 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 181 181 0
4 Dividends and interest from securities... 250,100 250,100 0
5a Gross rents............ 0 0 0
b Net rental income or (loss) 0
6a Net gain or (loss) from sale of assets not on line 10 1,185,730
b Gross sales price for all assets on line 6a 3,345,460
7 Capital gain net income (from Part IV, line 2)... 1,185,730
8 Net short-term capital gain.........  
9 Income modifications........... 0
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,589 0 0
12 Total. Add lines 1 through 11........ 1,439,600 1,436,011 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 0 0 0 0
15 Pension plans, employee benefits....... 0 0 0 0
16a Legal fees (attach schedule)......... 0 0 0 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,000 2,500 0 2,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
92,837 92,837 0 0
17 Interest............... 0 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
26,258 1,582 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy.............. 0 0 0 0
21 Travel, conferences, and meetings....... 0 0 0 0
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
216 65 0 15
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 124,311 96,984 0 2,515
25 Contributions, gifts, grants paid....... 1,513,218 1,513,218
26 Total expenses and disbursements. Add lines 24 and 25 ................ 1,637,529 96,984 0 1,515,733
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -197,929
b Net investment income (if negative, enter -0-) 1,339,027
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............. 479,197 140,864 140,864
2 Savings and temporary cash investments......... 261,925 270,359 270,359
3 Accounts receivable 0
Less: allowance for doubtful accounts 0 0 0 0
4 Pledges receivable 0
Less: allowance for doubtful accounts 0 0 0 0
5 Grants receivable................. 0 0 0
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) 0
Less: allowance for doubtful accounts 0 0 0 0
8 Inventories for sale or use.............. 0 0 0
9 Prepaid expenses and deferred charges.......... 0 0 0
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 5,875,387 Click to see attachment
List of Attached Documents:
// Content
6,442,940 		12,003,294
c Investments—corporate bonds (attach schedule)....... 687,485 Click to see attachment
List of Attached Documents:
// Content
224,004 		226,976
11 Investments—land, buildings, and equipment: basis 0
Less: accumulated depreciation (attach schedule) 0 0   0
12 Investments—mortgage loans............. 0 0 0
13 Investments—other (attach schedule).......... 0 0 0
14 Land, buildings, and equipment: basis 0
Less: accumulated depreciation (attach schedule) 0 0   0
15 Other assets (describe ) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,303,994 7,078,167 12,641,493
Liabilities 17 Accounts payable and accrued expenses.......... 0 0
18 Grants payable................. 0 0
19 Deferred revenue................. 0 0
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe )    
23 Total liabilities (add lines 17 through 22)......... 0 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........... 7,303,994 7,078,167
25 Net assets with donor restrictions............ 0 0
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 7,303,994 7,078,167
30 Total liabilities and net assets/fund balances (see instructions). 7,303,994 7,078,167
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
7,303,994
2
Enter amount from Part I, line 27a .....................
2
-197,929
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
7,106,065
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
27,898
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
7,078,167
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 TOTAL CAPITAL GAIN DISTRIBUTIONS P    
b PUBLICLY TRADED SECURITIES P    
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 11,896 0 0 11,896
b 3,333,564 0 2,159,730 1,173,834
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 0 0 0 11,896
b     0 1,173,834
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 1,185,730
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 18,612
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-) Click to see attachment
List of Attached Documents:
// Content
2 0
3 Add lines 1 and 2........................... 3 18,612
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 18,612
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 17,600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 17,600
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 1,012
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. $ 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 addressN/A
14
The books are in care ofKEVIN SIPES Telephone no. (502) 560-8628

Located at601 WEST MARKET STREETLOUISVILLEKY ZIP+4402022745
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
0
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
CAROLLE JONES CLAY PRESIDENT
1.00 		0 0 0
601 West Market Street
Louisville,KY402022745
ANDREW TRAGER-KUSMAN SECRETARY
1.00 		0 0 0
601 West Market Street
Louisville,KY402022745
KEVIN SIPES TREASURER
1.00 		0 0 0
601 West Market Street
Louisville,KY402022745
STEVEN E TRAGER DIRECTOR
1.00 		0 0 0
601 West Market Street
Louisville,KY402022745
WILLIAM SUMMERS DIRECTOR
1.00 		0 0 0
601 West Market Street
Louisville,KY402022745
LOGAN PICHEL DIRECTOR
1.00 		0 0 0
601 West Market Street
Louisville,KY402022745
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
 
Total number of other employees paid over $50,000...................  
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
 
Total number of others receiving over $50,000 for professional services.............right arrow  
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.........................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
11,803,720
b
Average of monthly cash balances.......................
1b
340,767
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
12,144,487
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
12,144,487
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
182,167
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
11,962,320
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
598,116
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
598,116
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
18,612
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
18,612
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
579,504
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
579,504
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
579,504
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
1,515,733
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
1,515,733
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 7 579,504
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:2023, 2022, 2021 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 734,714
b From 2021...... 296,420
c From 2022...... 754,997
d From 2023...... 764,405
e From 2024...... 817,379
f Total of lines 3a through e ........ 3,367,915
4Qualifying distributions for 2025 from Part
XI, line 4: $ 1,515,733
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..... 579,504
e Remaining amount distributed out of corpus 936,229
5 Excess distributions carryover applied to 2025.   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 4,304,144
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...... 		 
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) ... 		734,714
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		3,569,430
10 Analysis of line 9:
a Excess from 2021 .... 296,420
b Excess from 2022 .... 754,997
c Excess from 2023 .... 764,405
d Excess from 2024 .... 817,379
e Excess from 2025 .... 936,229
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).)
NOT APPLICABLE
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.
NOT APPLICABLE
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

215 Central Ave Suite 212
Louisville,KY40208 		NONE   Republic Bank Foundation charitable agreement (payment 6 of 8) 266,666

JCTC Foundation

109 E Broadway
Louisville,KY40202 		NONE   Jefferson Rising Campus Transformation Project (Payment 1 of 5) 200,000

Hosparus Health

6200 Dutchmans Ln
Louisville,KY40205 		NONE   Hospice Care Center Campaign + Celebration of Compassion (payment 1 of 4) 125,000

Jewish Community of Louisville

3630 Dutchmans Ln
Louisville,KY40205 		NONE   United Jewish Campaign 60,000

Metro United Way

334 E Broadway
Louisville,KY40202 		NONE   Corporate gift 2024 50,000

Metro United Way

334 E Broadway
Louisville,KY40202 		NONE   2025 Campaign 50,000

Fund for the Arts

623 W Main St
Louisville,KY40202 		NONE   Performance Village at St. James Court Art Show 45,000

Thomas More University

333 Thomas More Pkwy
Crestview Hills,KY41017 		NONE   Thomas More Second Century Campaign (payment 3 of 5) 40,000

Leadership Louisville Center

707 W Main St
Louisville,KY40202 		NONE   Leadership Louisville Program Sponsorship 25,000

NKU Foundation

Northern Kentucky University
Highland Heights,KY41099 		NONE   Adult and Transfer Center 25,000

Kentucky to the World

PO Box 6251
Louisville,KY40206 		NONE   Title sponsorship (payment 3 of 3) 25,000

Simmons College of Kentucky

1018 S 7th St
Louisville,KY40203 		NONE   Race to Greatness and 20th Celebration 20,000

Children's Home of Northern Kentucky

200 Home Rd
Covington,KY41011 		NONE   Expanding Mental Health Services (payment 3 of 3) 20,000

Simmons College of Kentucky

1018 S 7th St
Louisville,KY40203 		NONE   Scholarships (payment 4 of 5) 20,000

Community Foundation of Louisville

325 W Main St Suite 1110
Louisville,KY40202 		NONE   Scholarship funding 19,544

Louisville Downtown Partnership

500 W Jefferson St Suite 1210
Louisville,KY40202 		NONE   State of the Downtown Luncheon 19,000

Kids Center for Pediatric Therapies

982 Eastern Parkway
Louisville,KY40217 		NONE   Walk & Roll, Stewardship event (Big Hearts at Big Springs) 18,890

Jewish Family & Career Services

2821 Klempner Way
Louisville,KY40205 		NONE   Republic Bank Player's Challenge 17,500

WHAS Crusade for Children

520 W Chestnut St
Louisville,KY40202 		NONE   Annual Crusade for Children / Power Hour 17,200

Kentucky Shakespeare

616 Myrtle St
Louisville,KY40208 		NONE   Kentucky Shakespeare Festival 65th Anniversary 15,000

Parks Alliance of Louisville

717 S 24th St
Louisville,KY40211 		NONE   Ag Innovation Hub (Payment 1 of 4) 15,000

Habitat for Humanity of Metro Louisville

1620 Bank St
Louisville,KY40203 		NONE   Banker's Build and Raise the Roof 15,000

Leadership Kentucky Foundation

464 Chenault Rd
Frankfort,KY40601 		NONE   Mission / Program support 15,000

Speed Art Museum

2035 S 3rd St
Louisville,KY40208 		NONE   Speed Ball 13,400

YMCA of Greater Louisville

545 S 2nd St
Louisville,KY40202 		NONE   Safe Place Services, Swim Safety, Youth Engagement 12,500

Brightside Foundation

PO Box 70362
Louisville,KY40270 		NONE   Brightside Bash (payment 2 of 2) 12,500

Assumption High School

2170 Tyler Ln
Louisville,KY40205 		NONE   Launching the Future Campaign (payment 4 of 4) 12,500

Emergency Shelter House of Northern Kentucky

PO Box 332
Covington,KY41012 		NONE   Capital campaign pledge (payment 4 of 5) 10,000

National Safe Place Network

545 S 2nd St
Louisville,KY40202 		NONE   Txt 4 Help and 2Chat programs 10,000

Family Scholar House

403 Reg Smith Cir
Louisville,KY40208 		NONE   Wine, Women & Shoes 10,000

St Francis DeSales High School

425 Kenwood Dr
Louisville,KY40214 		NONE   Capital Campaign (payment 3 of 3) 10,000

Blessings in a Backpack

4121 Shelbyville Rd
Louisville,KY40207 		NONE   Pack the Sack Golf Classic 10,000

Americana World Community Center

4801 Southside Dr
Louisville,KY40214 		NONE   Adult services program support 10,000

Apple Patch Community

7408 Hwy 329
Crestwood,KY40014 		NONE   Pillar Breakfast 10,000

University of Louisville

215 Central Ave Suite 212
Louisville,KY40208 		NONE   Summit for Inclusive Excellence 10,000

March of Dimes

1550 Crystal Dr Suite 1300
Arlington,VA22202 		NONE   March for Babies, REACH Breakfast 10,000

Lincoln Foundation

4322 Bishop Ln
Louisville,KY40218 		NONE   Whitney Young Scholar Program (Payment 2 of 2) 10,000

Frontier Nursing

2050 Lexington Rd
Versailles,KY40601 		NONE   2025 Hall of Fame Sponsorship (Payment 1 of 3) 10,000

Community Foundation of Louisville

325 W Main St Suite 1110
Louisville,KY40202 		NONE   Give for Good Louisville 10,000

Kentucky Performing Arts

501 W Main St
Louisville,KY40202 		NONE   ArtsReach program 10,000

Smoketown Family Wellness Center

760 Hancock St Suite B100
Louisville,KY40203 		NONE   9th Annual Neighborhood Celebration 10,000

Kentucky Hospital Research and Education Foundation

2501 Nelson Miller Pkwy
Louisville,KY40223 		NONE   KHA Annual Convention 10,000

Friends of Metro Animal Services

358 Newburg Rd
Louisville,KY40218 		NONE   Pay It Forward Program 10,000

Ronald McDonald House Charities of Tampa Bay

35 Columbia Dr
Tampa,FL33606 		NONE   Capital campaign (payment 2 of 5) 10,000

Network for Hope (Kentucky Organ Donor Affiliates)

PO Box 22898
Louisville,KY40252 		NONE   Donate Life Campus (payment 3 of 5) 10,000

Center for Women and Families

4919 Charlestown Rd
New Albany,IN47150 		NONE   Breakfast of Brilliance 9,750

Lincoln Heritage Council

12001 Sycamore Station Pl
Louisville,KY40299 		NONE   Leadership Luncheon for Scouting 9,600

Spirit of Louisville Foundation

1918 Mellwood Ave
Louisville,KY40206 		NONE   2025 WLKY Bell Awards 9,600

New Directions Housing Corporation

1617 Maple St
Louisville,KY40210 		NONE   I Rise Gala 9,400

Kentucky Humane Society

1000 Lyndon Ln
Louisville,KY40222 		NONE   Care-a-Van, Tuxes and Tails 8,000

Shelby County Tourism Commission

219 7th St
Shelbyville,KY40065 		NONE   Shelbyville Conference (Convention) Center (payment 5 of 7) 7,143

Adarsh Charitable Foundation

14906 Landmark Dr
Louisville,KY40245 		NONE   Vision Gala 6,100

Miracle League of Louisville

800 Lily Creek 102
Louisville,KY40243 		NONE   Electronic scoreboard sponsorship (Payment 2 of 5) 6,000

Walden School

4238 Westport Rd
Louisville,KY40207 		NONE   West End School scholarships 6,000

Legal Aid Society

416 W Muhammad Ali Blvd 300
Louisville,KY40202 		NONE   West Louisville Neighborhood Lawyer Program 5,000

Meredith-Dunn School

3023 Melbourne Ave
Louisville,KY40220 		NONE   Take Heart Gala 5,000

Friends of the Louisville Zoo

1100 Trevilian Way
Louisville,KY40213 		NONE   Dinosaurs 2025 5,000

Housing Opportunities of Northern Kentucky

502 Fry St
Covington,KY41011 		NONE   Affordable homeownership opportunities 5,000

Home of the Innocents

1100 E Market St
Louisville,KY40206 		NONE   Heroes for the Home Breakfast 5,000

Presentation Academy

861 S 4th St
Louisville,KY40203 		NONE   Scholar pledge (payment 4 of 5) 5,000

Waterstep

625 Myrtle St
Louisville,KY40208 		NONE   Water Ball sponsorship 5,000

Delta Foundation

2508 Portland Ave
Louisville,KY40212 		NONE   Mentorship program support 5,000

Kentucky Nurses Association

305 Townepark Circle Suite 100
Louisville,KY40243 		NONE   2nd Annual Legacy and Leadership Gala 5,000

Metro United Way

334 E Broadway
Louisville,KY40202 		NONE   Hardship to Hope - Food Relief Fund 5,000

Visually Impaired Preschool Services

1906 Goldsmith Ln
Louisville,KY40218 		NONE   Kids Town Preschool Bank (payment 1 of 5) 5,000

JCTC Foundation

109 E Broadway
Louisville,KY40202 		NONE   Academic Team Challenge (payment 1 of 3) 5,000

Junior Achievement of Kentuckiana

1401 W Muhammad Ali Blvd
Louisville,KY40203 		NONE   Kentuckiana Business Hall of Fame 4,200

Coalition for the Homeless

1300 S 4th St Suite 250
Louisville,KY40208 		NONE   12th Annual Bourbon Mixer 3,000

Kosair for Kids

982 Eastern Parkway
Louisville,KY40217 		NONE   Princess Tea and Holiday Party Event sponsorship 2,500

Community Action of Southern Indiana

201 E 15th St
Jeffersonville,IN47130 		NONE   Financial literacy classes 2,500

American Heart Association

7272 Greenville Ave
Dallas,TX75231 		NONE   Matching gifts 700

Kentucky Humane Society

1000 Lyndon Ln
Louisville,KY40222 		NONE   Matching gifts 700

Wags Pet Therapy of Kentucky

1505 Sable Wing Cir
Louisville,KY40223 		NONE   Matching gifts 600

Portland Christian School

8509 Westport Rd
Louisville,KY40242 		NONE   Matching gift 500

Dress for Success Louisville

2722 Crittenden Dr
Louisville,KY40209 		NONE   Matching gift 500

Big Brothers Big Sisters of Kentuckiana

1519 Gardiner Ln Suite B
Louisville,KY40218 		NONE   Matching gift 500

American Foundation for Suicide Prevention

199 Water St
New York,NY10038 		NONE   Matching gift 500

Voices of Kentuckiana

PO Box 2904
Louisville,KY40201 		NONE   Matching gift 500

Broadbent Wildlife Sanctuary

PO Box 387
Irvington,KY40146 		NONE   Matching gift 500

Roman Catholic Diocese of Covington

1125 Madison Ave
Covington,KY41011 		NONE   Matching gift 500

Kentucky Shakespeare

616 Myrtle St
Louisville,KY40208 		NONE   Matching gift 500

Jewish Community of Louisville

3630 Dutchmans Ln
Louisville,KY40205 		NONE   Matching gift 500

Congregation Adath Jeshurun

2401 Woodbourne Ave
Louisville,KY40205 		NONE   Matching gift 500

Catholic Education Foundation

401 W Main St Suite 806
Louisville,KY40202 		NONE   Matching gift 500

Miracle League of Louisville

800 Lily Creek 102
Louisville,KY40243 		NONE   Matching gift 500

Twisted Pink

8307 Chesire Way
Louisville,KY40222 		NONE   Matching gift 500

National Safe Place Network

545 S 2nd St
Louisville,KY40202 		NONE   Matching gift 500

Diamond Crushers

4001 Lea Marie Island Dr
Port Charlotte,FL33952 		NONE   Matching gift 500

American Heart Association

7272 Greenville Ave
Dallas,TX75231 		NONE   Matching gifts 285

Operation Parent

PO Box 127
Buckner,KY40010 		NONE   Matching gift 280

Louisville Folk School

113 N Clifton Ave
Louisville,KY40206 		NONE   Matching gift 280

The Nuxhall Foundation

PO Box 18146
Fairfield,OH45018 		NONE   Matching gift 260

434 Ministries

PO Box 3072
Corydon,IN47112 		NONE   Matching gift 258

Kentucky Humane Society

1000 Lyndon Ln
Louisville,KY40222 		NONE   Matching gift 250

Apple Patch Community

7408 Hwy 329
Crestwood,KY40014 		NONE   Matching gift 250

Harrison County Community Foundation

1523 Foundation Way NE
Corydon,IN47112 		NONE   Matching gift 200

YMCA of Greater Louisville

545 S 2nd St
Louisville,KY40202 		NONE   Matching gift 154

WHAS Crusade for Children

520 W Chestnut St
Louisville,KY40202 		NONE   Matching gifts 150

Eastern High School

12400 Old Shelbyville Rd
Louisville,KY40243 		NONE   Matching gift 125

Kentucky Public Radio

619 S 4th St
Louisville,KY40202 		NONE   Matching gift 120

Exploited Children's Help Organization

1500 Poplar Level Rd
Louisville,KY40217 		NONE   Matching gift 100

CASA of the River Region

982 Eastern Pkwy 9
Louisville,KY40217 		NONE   Matching gift 100

Apple Patch Community

7408 Hwy 329
Crestwood,KY40014 		NONE   Matching gift 100

Mercy Academy

5801 Fegenbush Ln
Lousiville,KY40228 		NONE   Matching gift 100

Leukemia & Lymphoma Society

1201 15th Street NW Suite 410
Washington,DC20005 		NONE   Matching gift 100

The Morton Center

1028 Barret Ave
Louisville,KY40204 		NONE   Matching gift 100

Kentucky Humane Society

1000 Lyndon Ln
Louisville,KY40222 		NONE   Matching gift 100

Kosair Charities

982 Eastern Parkway
Louisville,KY40217 		NONE   Matching gift 100

Home of the Innocents

1100 E Market St
Louisville,KY40206 		NONE   Matching gift 100

Commonwealth Fund for KET

560 Cooper Dr
Lexington,KY40502 		NONE   Matching gift 85

American Heart Association

7272 Greenville Ave
Dallas,TX75231 		NONE   Matching gift 80

Voices of Kentuckiana

PO Box 2904
Louisville,KY40201 		NONE   Matching gift 78

Kentucky Educational Television

600 Cooper Dr
Lexington,KY40502 		NONE   Matching gift 78

21st Century Parks

471 W Main St 202
Louisville,KY40202 		NONE   Matching gift 75

Louisville Olmsted Parks Conservancy

1299 Trevilian Way
Louisville,KY40213 		NONE   Matching gift 75

Louisville Public Media

619 S 4th St
Louisville,KY40202 		NONE   Matching gift 75

American Heart Association

7272 Greenville Ave
Dallas,TX75231 		NONE   Matching gift 75

Breakthrough T1D

225 S East St Suite 280
Indianapolis,IN46202 		NONE   Matching gift 74

Presentation Academy

861 S 4th St
Louisville,KY40203 		NONE   Matching gift 70

American Foundation for Suicide Prevention

199 Water St
New York,NY10038 		NONE   Matching gift 70

American Heart Association

7272 Greenville Ave
Dallas,TX75231 		NONE   Matching gift 62

Hosparus Health

6200 Dutchmans Ln
Louisville,KY40205 		NONE   Matching gift 60

American Heart Association

7272 Greenville Ave
Dallas,TX75231 		NONE   Matching gift 60

Scott County Family YMCA

805 W Community Way
Scottsburg,IN47170 		NONE   Matching gift 60

Louisville Academy of Music

2740 Frankfort Ave
Louisville,KY40206 		NONE   Matching gift 53

Leukemia & Lymphoma Society

1201 15th Street NW Suite 410
Washington,DC20005 		NONE   Matching gift 53

Housing Opportunities of Northern Kentucky

502 Fry St
Covington,KY41011 		NONE   Matching gift 50

Georgetown College

400 E College St
Georgetown,KY40324 		NONE   Matching gift 50

Alzheimer's Association

101 Bullitt Ln Suite 202
Louisville,KY40222 		NONE   Matching gift 50

St Baldrick's Foundation

1333 S Mayflower Ave Suite 400
Monrovia,CA91016 		NONE   Matching gift 50

Cincinnati Children's Hospital

3333 Burnet Ave MLC 9002
Cincinnati,OH45229 		NONE   Matching gift 50

Exploited Children's Help Organization

1500 Poplar Level Rd
Louisville,KY40217 		NONE   Matching gifts 50

WHAS Crusade for Children

520 W Chestnut St
Louisville,KY40202 		NONE   Matching gift 50

Alzheimer's Association

101 Bullitt Ln Suite 202
Louisville,KY40222 		NONE   Matching gift 50

St Martha Catholic Church

2825 Klondike Ln
Louisville,KY40218 		NONE   Matching gift 30

NAMI Louisville

708 W Magazine St
Louisville,KY40203 		NONE   Matching gift 25

St Baldrick's Foundation

1333 S Mayflower Ave Suite 400
Monrovia,CA91016 		NONE   Matching gift 25

Cedar Lake Foundation

9901 Linn Station Rd Suite 901
Louisville,KY40223 		NONE   Matching gift 25

Big Brothers Big Sisters of Kentuckiana

1519 Gardiner Ln Suite B
Louisville,KY40218 		NONE   Matching gift 25
Total ................................. 3a 1,513,218
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     0   0 0
b     0   0 0
c     0   0 0
d     0   0 0
e     0   0 0
f
gFees and contracts from government agencies   0   0 0
2 Membership dues and assessments ....   0   0 0
3 Interest on savings and temporary cash
investments ........... 		  0 14 181 0
4 Dividends and interest from securities ....   0 14 250,100 0
5 Net rental income or (loss) from real estate:
aDebt-financed property......   0   0 0
bNot debt-financed property.....   0   0 0
6 Net rental income or (loss) from personal property   0   0 0
7 Other investment income .....   0   0 0
8 Gain or (loss) from sales of assets other than
inventory ............ 		  0 18 1,185,730 0
9 Net income or (loss) from special events:   0   0 0
10 Gross profit or (loss) from sales of inventory   0   0 0
11 Other revenue:
aNONDIVIDEND DISTRIBUTIONS 		  0 1 201 0
bOTHER INCOME   0 1 3,388 0
c     0   0 0
d     0   0 0
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,439,600 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,439,600
(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: 25022866
Software Version: 2025v4.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
Republic Bank Foundation Inc
EIN:
27-2222303
Software ID:
25022866
Software Version:
2025v4.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 5,000 2,500 0 2,500

TY 2025 InvestmentsCorpBondsSchedule
Name:
Republic Bank Foundation Inc
EIN:
27-2222303
Software ID:
25022866
Software Version:
2025v4.1
Name of Bond End of Year Book Value End of Year Fair Market Value
BAIRD - FIXED INCOME 174,004 176,950
SCHWAB - FIXED INCOME 50,000 50,026

TY 2025 InvestmentsCorpStockSchedule
Name:
Republic Bank Foundation Inc
EIN:
27-2222303
Software ID:
25022866
Software Version:
2025v4.1
Name of Stock End of Year Book Value End of Year Fair Market Value
US BANK - STOCKS 1,713,162 2,532,320
BAIRD - EQUITIES 824,256 2,855,700
MORGAN STANLEY - INVESTMENTS 606,071 2,506,457
UBS - EQUITIES 1,003,582 1,352,535
UBS - FIXED INCOME 675,293 653,898
GLENVIEW - INVESTMENTS 1,407,523 1,858,508
SCHWAB - EXCHANGE TRADED FUNDS 213,053 243,876

TY 2025 OtherDecreasesSchedule
Name:
Republic Bank Foundation Inc
EIN:
27-2222303
Software ID:
25022866
Software Version:
2025v4.1
Description Amount
COST BASIS ADJUSTMENT 27,898


TY 2025 OtherExpensesSchedule
Name:
Republic Bank Foundation Inc
EIN:
27-2222303
Software ID:
25022866
Software Version:
2025v4.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
KENTUCKY SECRETARY OF STATE 15 0 0 15
BANK FEES 65 65 0 0
OTHER EXPENSES 136 0 0 0


TY 2025 OtherIncomeSchedule2
Name:
Republic Bank Foundation Inc
EIN:
27-2222303
Software ID:
25022866
Software Version:
2025v4.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
NONDIVIDEND DISTRIBUTIONS 201 0 0
OTHER INCOME 3,388 0 0


TY 2025 OtherProfessionalFeesSchedule
Name:
Republic Bank Foundation Inc
EIN:
27-2222303
Software ID:
25022866
Software Version:
2025v4.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 92,837 92,837 0 0


TY 2025 TaxesSchedule
Name:
Republic Bank Foundation Inc
EIN:
27-2222303
Software ID:
25022866
Software Version:
2025v4.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 24,676 0 0 0
FOREIGN TAXES 1,582 1,582 0 0