Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025
Name of foundation
The Ayers Foundation Trust
 
% THE ORGANIZATION
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 756
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Parsons, TN383630756
A Employer identification number

88-2961915
B Telephone number (see instructions)

(731) 847-0632
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$12,430,582J 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) 15,365,160
2 Check right arrow.............
3 Interest on savings and temporary cash investments 103,081 103,081 103,081
4 Dividends and interest from securities... 6,647 6,647 6,647
5a Gross rents............ 112,395   112,395
b Net rental income or (loss) -19,175
6a Net gain or (loss) from sale of assets not on line 10 -137
b Gross sales price for all assets on line 6a 213,239
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 269
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 269 269
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 15,587,415 109,728 222,392
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 308,306     308,306
14 Other employee salaries and wages...... 1,163,158     1,163,158
15 Pension plans, employee benefits....... 248,994     248,994
16a Legal fees (attach schedule)......... 23,149   4,528 18,621
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
25,307 12,654 1,050 11,604
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
50,564 1,636 171 48,756
17 Interest............... 180     180
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
9,487   9,040 447
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
54,020   36,710
20 Occupancy.............. 69,958   27,683 42,276
21 Travel, conferences, and meetings....... 74,257     74,257
22 Printing and publications.......... 30,966   125 30,841
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
550,721   52,260 498,460
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,609,067 14,290 131,567 2,445,900
25 Contributions, gifts, grants paid....... 10,774,103 10,774,103
26 Total expenses and disbursements. Add lines 24 and 25 13,383,170 14,290 131,567 13,220,003
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,204,245
b Net investment income (if negative, enter -0-) 95,438
c Adjusted net income (if negative, enter -0-)... 90,825
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,092,671 5,135,346 5,135,346
3 Accounts receivable right arrow185,078
Less: allowance for doubtful accounts right arrow   185,089 185,078 185,078
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 5,131 8,650 8,650
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0    
14 Land, buildings, and equipment: basis right arrow7,940,240
Less: accumulated depreciation (attach schedule) right arrow1,071,477 1,613,749 6,868,763 6,868,763
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
204,920 		Click to see attachment
List of Attached Documents:
// Content
232,745 		Click to see attachment
List of Attached Documents:
// Content
232,745
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 5,101,560 12,430,582 12,430,582
Liabilities 17 Accounts payable and accrued expenses.......... 3,237,259 413
18 Grants payable................. 28,146 31,279
19 Deferred revenue................. 552,592 0
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
43,926
23 Total liabilities (add lines 17 through 22)......... 3,817,997 75,618
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 1,283,563 12,354,964
29 Total net assets or fund balances (see instructions)..... 1,283,563 12,354,964
30 Total liabilities and net assets/fund balances (see instructions). 5,101,560 12,430,582
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
1,283,563
2
Enter amount from Part I, line 27a .....................
2
2,204,245
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
8,867,156
4
Add lines 1, 2, and 3 ..........................
4
12,354,964
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,354,964
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PERPETUAL CARE FUND P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 213,239   213,376 -137
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -137
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -137
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 1,327
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  
3 Add lines 1 and 2........................... 3 1,327
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,327
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,644
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,644
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 17
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 300
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow300 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see attachment
List of Attached Documents:
// Content
....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 changesClick to see attachment
List of Attached Documents:
// Content
....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
List of Attached Documents:
// Content
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowTHEAYERSFOUNDATION.ORG
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (731) 847-0632

Located atright arrowPO BOX 756PARSONSTN ZIP+4right arrow38363
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
 
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JAMES W AYERS CHAIRMAN UNTIL 4/1/2025
4.0 		0 0 0
PO Box 756
Parsons,TN383630756
JANET AYERS PRESIDENT
10.0 		0 0 0
PO Box 756
Parsons,TN383630756
JO ANN LYNN DIRECTOR
1.0 		0 0 0
PO Box 756
Parsons,TN383630756
KRISTY AYERS DIRECTOR UNTIL 3/19/2025
1.0 		0 0 0
PO Box 756
Parsons,TN383630756
LIN HOWARD ANDREWS DIRECTOR
1.0 		0 0 0
PO Box 756
Parsons,TN383630756
CASSIE LYNN FOOTE DIRECTOR
1.0 		0 0 0
PO Box 756
Parsons,TN383630756
DR MICHAEL PRICE VICE PRESIDENT
16.0 		15,000 0 0
PO Box 756
Parsons,TN383630756
DR AGENIA CLARK SECRETARY
1.0 		0 0 0
PO Box 756
Parsons,TN383630756
DR BURTON WILLIAMS CHIEF EXECUTIVE OFFICER
6.0 		30,188 3,050 780
PO Box 756
Parsons,TN383630756
LORISA WILLIAMS ORG EFFECTIVENESS ADVISOR
4.0 		18,046 1,586 60
PO Box 756
Parsons,TN383630756
BLAKE DILL CHIEF OPERATING OFFICER
6.0 		18,240 2,027 60
PO Box 756
Parsons,TN383630756
JAMES TROY GRANT C.S.O. UNTIL 9/3/2024
6.0 		4,314 418 10
PO Box 756
Parsons,TN383630756
SHANNON HAYNES CHIEF PROSPERITY OFFICER
39.0 		180,000 22,680 7,800
PO Box 756
Parsons,TN383630756
LEE ANN INGRAM DIRECTOR
1.0 		0 0 0
PO Box 756
Parsons,TN383630756
WINNIE BUNCH DIRECTOR
1.0 		0 0 0
PO Box 756
Parsons,TN383630756
CHRIS LYNN DIRECTOR FROM 3/19/2025
1.0 		0 0 0
PO Box 756
Parsons,TN383630756
SHAWN KIMBLE C.S.O. FROM 4/14/2025
6.0 		3,872 11 165
PO Box 756
Parsons,TN383630756
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
BRIAN NOLEN COUNSELOR
40.0 		71,842 13,247 600
PO BOX 756
PARSONS,TN38363
KHRYSTIAN CRAVEN COUNSELOR
40.0 		64,292 3,227 600
PO BOX 756
PARSONS,TN38363
DARREN HART COUNSELOR
40.0 		67,542 10,927 600
PO BOX 756
PARSONS,TN38363
CAITLYNN KLAASEN RURAL ENG SPECIALIST
40.0 		62,000 2,034 600
PO BOX 756
PARSONS,TN38363
JESSICA SUTHERLAND COUNSELOR
40.0 		64,542 10,728 600
PO BOX 756
PARSONS,TN38363
Total number of other employees paid over $50,000...................right arrow 7
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
MORRIS NURSERY & LANDSCAPES INC LAWNCARE LANDSCAPING 60,195
2108 HOLLYWOOD DRIVE
JACKSON,TN38305
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 AYERS FOUNDATION SCHOLAR PROGRAM 2,445,899
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
2,668,271
c
Fair market value of all other assets (see instructions)................
1c
223,440
d
Total (add lines 1a, b, and c).........................
1d
2,891,711
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
2,891,711
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
43,376
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,848,335
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
142,417
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
13,220,003
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
6,287,427
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
19,507,430
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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 ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
90,825 122,987 3,892   217,704
b 85% (0.85) of line 2a ......... 77,201 104,539 3,308   185,048
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		19,507,430 8,221,693 149,174 0 27,878,297
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		10,774,104 4,922,569 113,000   15,809,673
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		8,733,326 3,299,124 36,174 0 12,068,624
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ...... 0 0 0 0 0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		94,945 81,991 6,714   183,650
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) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
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).)
JAMES W AYERS
JANET E AYERS
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.
NONE
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
JANET AYERS
643 TENNESSEE AVE
PARSONS,TN38363
(731) 847-4962
bThe form in which applications should be submitted and information and materials they should include:
NO SPECIFIC FORM IS REQUIRED.
cAny submission deadlines:
APPLICATIONS ARE ACCEPTED AT ANY TIME.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
DONATIONS ARE PRIMARILY, BUT NOT EXCLUSIVELY LIMITED TO ORGANIZATIONS LOCATED IN DAVIDSON, DECATUR, HENDERSON, LAWRENCE, PERRY, AND UNICOI COUNTIES IN THE STATE OF TENNESSEE.
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

DECATUR CO BOARD OF EDUCATION

59 W MAIN ST
DECATURVILLE,TN38329 		NONE GOV GENERAL/OPERATING 5,000,000

COMMUNITY FOUNDATION OF MIDDLE TN

3421 BELMONT BOULEVARD
NASHVILLE,TN37215 		NONE PC GENERAL/OPERATING 1,784,000

BELMONT UNIVERSITY

1900 BELMONT BOULEVARD
NASHVILLE,TN37212 		NONE PC GENERAL/OPERATING 1,500,250

UNICOI COUNTY UNITED WAY

PO BOX 343
ERWIN,TN37650 		NONE PC GENERAL/OPERATING 1,020,000

BILL DANCE FRIENDS AND FAMILY FOUNDATION

209 EAST MAIN STREET
JACKSON,TN38301 		NONE PC GENERAL/OPERATING 250,000

VANDERBILT UNIVERSITY MEDICAL CENTER

3322 WEST END AVE STE 900
NASHVILLE,TN37203 		NONE PC GENERAL/OPERATING 250,000

EAST TENNESSEE STATE UNIVERSITY FOUNDATION

PO BOX 70721
JOHNSON CITY,TN37614 		NONE PC GENERAL/OPERATING 200,000

FREED-HARDEMAN UNIVERSITY

158 E MAIN STREET
HENDERSON,TN38340 		NONE PC GENERAL/OPERATING 200,000

LIPSCOMB UNIVERSITY COLLEGE OF LEADERSHIP

1 UNIVERSITY PARK DR
NASHVILLE,TN37204 		NONE PC GENERAL/OPERATING 106,600

STATE COLLABORATIVE ON REFORMING EDUCATION

1801 WEST END AVE SUITE 300
NASHVILLE,TN37203 		NONE PC GENERAL/OPERATING 100,000

GIRL SCOUTS OF MIDDLE TENNESSEE

4522 GRANNY WHITE PIKE
NASHVILLE,TN37204 		NONE PC GENERAL/OPERATING 50,000

ST JUDES CHILDREN'S RESEARCH HOSPITAL

1350 CONCOURSE AVENUE STE 563
MEMPHIS,TN38104 		NONE PC GENERAL/OPERATING 50,000

UNICOI AND COCKE COUNTIES

100 MAIN ST
ERWIN,TN37650 		NONE GOV GENERAL/OPERATING 37,648

SECOND HARVEST FOOD BANK

331 GREAT CIRCLE ROAD
NASHVILLE,TN37228 		NONE PC GENERAL/OPERATING 35,500

FIRST BAPTIST CHURCH

PO BOX 67
PARSONS,TN38363 		NONE PC GENERAL/OPERATING 32,905

LEADERSHIP TENNESSEE - THOMPSON

718 THOMPSON LANE
NASHVILLE,TN37204 		NONE PC GENERAL/OPERATING 30,000

FOUNDATION FOR THE COLLEGE SYSTEM OF TENNESSEE

1 BRIDGESTONE PARK
NASHVILLE,TN37214 		NONE PC GENERAL/OPERATING 25,000

JONESBOROUGH UNITED METHODIST CHURCH

PO BOX 115
JONESBOROUGH,TN37659 		NONE PC GENERAL/OPERATING 25,000

LANE COLLEGE

545 LANE AVENUE
JASKSON,TN38301 		NONE PC GENERAL/OPERATING 25,000

TENNESSEE WILDLIFE RESOURCES FOUNDATION

500 LINBAR DRIVE SUITE 275
NASHVILLE,TN37211 		NONE PC GENERAL/OPERATING 12,500

MEN OF VALOR

504 VALOR WAY
ANTIOCH,TN37013 		NONE PC GENERAL/OPERATING 10,000

SMALL MIRACLES THERAPEUTIC EQUESTRIAN CENTER

1026 ROCK SPRINGS DRIVE
KINGSPORT,TN37664 		NONE PC GENERAL/OPERATING 6,000

CENTERSTONE

PO BOX 197608
NASHVILLE,TN37219 		NONE PC GENERAL/OPERATING 5,000

BOY SCOUTS OF AMERICA WEST TENNESSEE AREA COUNCIL

1995 HOLLYWOOD DRIVE
JACKSON,TN38305 		NONE PC GENERAL/OPERATING 5,000

THE SYCAMORE INSTITUTE

315 DEADERICK ST 1100
NASHVILLE,TN37238 		NONE PC GENERAL/OPERATING 3,500

UNITED WAY OF WEST TENNESSEE

PO BOX 2086
JACKSON,TN38302 		NONE PC GENERAL/OPERATING 3,000

PLANNED GIVING COUNCIL OF MIDDLE TENNESSEE

6339 CHARLOTTE PIKE
NASHVILLE,TN37209 		NONE PC GENERAL/OPERATING 1,500

DAIRY DASH

2200 ROSA L PARKS BOULEVARD
NASHVILLE,TN37238 		NONE PC GENERAL/OPERATING 1,500

ST GEORGES EPISCOPAL CHURCH

4715 HARDING PIKE
NASHVILLE,TN37205 		NONE PC GENERAL/OPERATING 1,000

TOWN OF UNICOI

106 UNICOI VILLAGE PLACE
UNICOI,TN37692 		NONE GOV GENERAL/OPERATING 850

DECATUR COUNTY CHAMBER OF COMMERCE

443 S VIRGINIA AVE
PARSONS,TN38363 		NONE GOV GENERAL/OPERATING 500

TENNESSEE CHILDREN'S HOME

PO BOX 10
SPRING HILL,TN37174 		NONE PC GENERAL/OPERATING 500

ANGEL EMMS FOUNDATION

1170 BILBLE GROVE RD
LEXINGTON,TN38351 		NONE PC GENERAL/OPERATING 600

VFW

1975 HIGHWAY 641 S
PARSONS,TN38363 		NONE PC GENERAL/OPERATING 250

AMERICAN LEGION

901 E CHURCH ST
LEXINGTON,TN38351 		NONE PC GENERAL/OPERATING 250

MIDDLE TN BOY SCOUTS

3414 HILLSBORO PIKE
NASHVILLE,TN37215 		NONE PC GENERAL/OPERATING 250
Total .................................right arrow 3a 10,774,103
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 103,081  
4 Dividends and interest from securities ....     14 6,647  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property..... 532000 -19,175      
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 -137  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory     01 269  
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -19,175 109,860  
13Total. Add line 12, columns (b), (d), and (e)..................
13
90,685
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
The Ayers Foundation Trust
 
Employer identification number

88-2961915
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

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

527 political organization


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

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

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
The Ayers Foundation Trust
  		Employer identification number
88-2961915
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
James Janet Ayers
165 TOWNSHIP LINE ROAD STE 1200
 
JENKINTOWN, PA19046

$ 14,434,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
TN Department of Education
710 JAMES ROBERTSON PARKWAY
 
NASHVILLE, TN37243

$ 552,592


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
JANET AYERS
314 WHITWORTH WAY
 
NASHVILLE, TN37205

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
MIDWEST SERIES OF LOCKTON COMPANIES
3 CITYPLACE DRIVE SUITE 900
 
ST LOUIS, MO63141

$ 7,500


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
SCARLETT FAMILY FOUNDATION
4117 HILLSBORO PIKE SUITE 103255
 
NASVHILLE, TN37215

$ 8,400


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
FIRSTBANK
450 S TENNESSEE AVE
 
PARSONS, TN38363

$ 100,000


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
The Ayers Foundation Trust
  		Employer identification number
88-2961915
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
SOUTHWESTERN
2451 ATRIUM WAY
 
NASHVILLE, TN37214

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
R STEVE CORBITT
412 OVERALL DR
 
BRENTWOOD, TN37027

$ 10,000


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
The Ayers Foundation Trust
  		Employer identification number

88-2961915
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The Ayers Foundation Trust
  		Employer identification number

88-2961915
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
The Ayers Foundation Trust
EIN:
88-2961915
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING AND AUDIT EXPENSES 25,307 12,654 1,050 11,604

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TY 2024 DepreciationSchedule
Name:
The Ayers Foundation Trust
EIN:
88-2961915
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

TY 2024 OtherAssetsSchedule
Name:
The Ayers Foundation Trust
EIN:
88-2961915
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PERPETUAL CARE FUND 204,920 232,745 232,745


TY 2024 OtherExpensesSchedule
Name:
The Ayers Foundation Trust
EIN:
88-2961915
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EVENTS 104,137     104,137
ACT PREP 3,740     3,740
BRANDING & SIGNAGE 879     879
CAREER EXPLORATION 92     92
CAMPUS VISIT 27,787     27,787
COLLEGE FAIRS 1,025     1,025
COLLEGE SIGNING DAY EXP 30,662     30,662
COLLEGE SUMMIT FOOD, ACT, MATE 2,969     2,969
COMPUTER & LICENSE EXPENSE 46,605   1,044 45,561
DUES & SUBSCRIPTIONS 1,506     1,506
EQUIPMENT LEASE 13,265   950 12,315
FURNITURE 11,460     11,460
INSURANCE 24,420   6,111 18,309
MEALS & ENTERTAINMENT 1,388     1,388
MISC EXPENSE 6,037     6,037
MISC, LOW INCOME FEES 1,289     1,289
STUDENT ENGAGEMENT FUNDS 381     381
PROGRAMS 172     172
REPAIRS & MAINTENANCE 33,272   7,007 26,265
R&M HOUSEKEEPING 32,488   16,673 15,814
R&M LAWNCARE/LANDSCAPING 60,486   18,377 42,109
R&M SECURITY/FIRE ALARM 4,767   2,098 2,669
EMPLOYEE RELATIONS 57,516     57,516
PILOT PROGRAM 36,260     36,260
TRAINING 22,902     22,902
WEBSITE 216     216
TOSS GIFT CARDS 25,000     25,000


TY 2024 OtherIncreasesSchedule
Name:
The Ayers Foundation Trust
EIN:
88-2961915
Description Amount
CHANGE IN UNREALIZED GAIN/LOSS 16,548
TRANSFER FROM COMMONLY CONTROLLED PF 8,850,608


TY 2024 OtherLiabilitiesSchedule
Name:
The Ayers Foundation Trust
EIN:
88-2961915
Description Beginning of Year - Book Value End of Year - Book Value
FINANCE LEASE LIABILITIES- NON CURRENT 0 2,346
FINANCE LEASE LIABILITIES- CURRENT 0 1,006
OPERATING LEASE LIABILITIES- CURRENT 0 12,313
OPERATING LEASE LIABILITIES- NON CURRENT 0 28,261


TY 2024 OtherProfessionalFeesSchedule
Name:
The Ayers Foundation Trust
EIN:
88-2961915
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK FEES 816 322 171 322
PR HR FEES 5,952     5,952
MARKETING & PUBLIC RELATIONS 35,495     35,495
CONSULTING 6,987     6,987
INVESTMENT 1,314 1,314    


TY 2024 SubstantialContributorsSch
Name:
The Ayers Foundation Trust
EIN:
88-2961915
Name Address
TN Department of Education 710 JAMES ROBERTSON PARKWAY
NASHVILLE,TN37243
MIDWEST SERIES OF LOCKTON COMPANIES 3 CITYPLACE DRIVE SUITE 900
ST LOUIS,MO63141
SCARLETT FAMILY FOUNDATION 4117 HILLSBORO PIKE SUITE 103255
NASVHILLE,TN37215
FIRSTBANK 450 S TENNESSEE AVE
PARSONS,TN38363
SOUTHWESTERN 2451 ATRIUM WAY
NASHVILLE,TN37214
R STEVE CORBITT 412 OVERALL DR
BRENTWOOD,TN37027


TY 2024 TaxesSchedule
Name:
The Ayers Foundation Trust
EIN:
88-2961915
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX EXPENSE