﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-11-15T09:24:33-05:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>921168518</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>MAIER TAX &amp; ADVISORY PLLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>435 N WHITTINGTON PKWY STE 160</AddressLine1Txt>
        <CityNm>LOUISVILLE</CityNm>
        <StateAbbreviationCd>KY</StateAbbreviationCd>
        <ZIPCd>40222</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>845012797</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>WEDGE FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>WEDG</BusinessNameControlTxt>
      <PhoneNum>5022916503</PhoneNum>
      <USAddress>
        <AddressLine1Txt>104 INDIAN HILLS TRAIL</AddressLine1Txt>
        <CityNm>LOUISVILLE</CityNm>
        <StateAbbreviationCd>KY</StateAbbreviationCd>
        <ZIPCd>40207</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>PAUL WEDGE III</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>5022916503</PhoneNum>
      <SignatureDt>2024-11-15</SignatureDt>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>MICHAEL E MAIER</PreparerPersonNm>
      <PTIN>P01340128</PTIN>
      <PhoneNum>5028962966</PhoneNum>
      <PreparationDt>2024-11-14</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="11">
    <IRS990PF documentId="RetDoc14">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>4399654</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>16</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>16</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>16</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>99896</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>99896</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>99896</DividendsAdjNetIncmAmt>
        <GrossRentsRevAndExpnssAmt>309589</GrossRentsRevAndExpnssAmt>
        <GrossRentsNetInvstIncmAmt>309589</GrossRentsNetInvstIncmAmt>
        <GrossRentsAdjNetIncmAmt>309589</GrossRentsAdjNetIncmAmt>
        <NetRentalIncomeOrLossAmt>-37505</NetRentalIncomeOrLossAmt>
        <NetGainSaleAstRevAndExpnssAmt>147617</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1196387</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>147617</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc10">-4800</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>359</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>-4800</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>552318</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>557477</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>404701</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>286000</CompOfcrDirTrstRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc3">11427</AccountingFeesRevAndExpnssAmt>
        <InterestRevAndExpnssAmt>49821</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>49821</InterestNetInvstIncmAmt>
        <InterestAdjNetIncmAmt>49821</InterestAdjNetIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc12">58064</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>28652</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>28652</TaxesAdjNetIncmAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="RetDoc4">98479</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>98479</DeprecAndDpltnNetInvstIncmAmt>
        <DeprecAndDpltnAdjNetIncmAmt>98479</DeprecAndDpltnAdjNetIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc9">232592</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>232592</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>232592</OtherExpensesAdjNetIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>736383</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>409544</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>409544</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>338300</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>338300</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>1074683</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>409544</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>409544</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>338300</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-522365</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>147933</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>17486</CashBOYAmt>
        <CashEOYAmt>4264</CashEOYAmt>
        <CashEOYFMVAmt>4264</CashEOYFMVAmt>
        <CorporateStockBOYAmt>3152589</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc5">1658159</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1658159</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>34681</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc6">29052</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>29052</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>2708179</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>240713</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>2565945</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="RetDoc7">2467466</LandEOYAmt>
        <LandEOYFMVAmt>2708179</LandEOYFMVAmt>
        <TotalAssetsBOYAmt>5770701</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>4158941</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>4399654</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="RetDoc11">902505</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc11">281556</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>902505</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>281556</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>4868196</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>3877385</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>4868196</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>3877385</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>5770701</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>4158941</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>4868196</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-522365</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>4345831</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc8">468446</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>3877385</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>OHIO VALLEY BANC CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2007-01-01</AcquiredDt>
          <SoldDt>2023-06-30</SoldDt>
          <GrossSalesPriceAmt>1196387</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1048770</CostOrOtherBasisAmt>
          <GainOrLossAmt>147617</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>147617</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>147617</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>2056</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>2056</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>2056</TaxBasedOnInvestmentIncomeAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc2">X</Form2220AttachedInd>
        <EsPenaltyAmt>61</EsPenaltyAmt>
        <TaxDueAmt>2117</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>false</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>KY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>PAUL WEDGE III</IndividualWithBooksNm>
        <PhoneNum>5022916503</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>104 INDIAN HILLS TRAIL</AddressLine1Txt>
          <CityNm>LOUISVILLE</CityNm>
          <StateAbbreviationCd>KY</StateAbbreviationCd>
          <ZIPCd>40207</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PAUL WEDGE III</PersonNm>
          <USAddress>
            <AddressLine1Txt>104 INDIAN HILLS TRAIL</AddressLine1Txt>
            <CityNm>LOUISVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40207</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>126000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JODY WEDGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>104 INDIAN HILLS TRAIL</AddressLine1Txt>
            <CityNm>LOUISVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40207</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>36000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PAUL WEDGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>1767 CHESTNUT ST</AddressLine1Txt>
            <CityNm>BOWLING GREEN</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>42101</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>120000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BAYLOR WEDGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>104 INDIAN HILLS TRAIL</AddressLine1Txt>
            <CityNm>LOUISVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40207</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LILLY WEDGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>104 INDIAN HILLS TRAIL</AddressLine1Txt>
            <CityNm>LOUISVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40207</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>2405374</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>8377</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>2740046</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>5153797</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>5153797</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>77307</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>5076490</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>253825</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>253825</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>2056</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>2056</TotalTaxAmt>
        <DistributableBeforeAdjAmt>251769</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>251769</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>251769</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>338300</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>338300</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>251769</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>111461</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>338300</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>111461</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>226839</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>24930</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>WEDGE FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>104 INDIAN HILLS TRAIL</AddressLine1Txt>
            <CityNm>LOUISVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40207</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5022916503</RecipientPhoneNum>
          <RecipientEmailAddressTxt>NA</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>NA</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NA</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NA</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF KENTUCKY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>800 ROSE ST</AddressLine1Txt>
            <AddressLine2Txt>800 ROSE ST</AddressLine2Txt>
            <CityNm>LEXINGTON</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40506</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR/DONEE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>270000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ST XAVIER HIGH SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1609 POPLAR LEVEL RD</AddressLine1Txt>
            <AddressLine2Txt>1609 POPLAR LEVEL RD</AddressLine2Txt>
            <CityNm>LOUISVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40217</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR/DONEE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DAVIS LOVE FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>100 RETREAT AVE</AddressLine1Txt>
            <AddressLine2Txt>100 RETREAT AVE</AddressLine2Txt>
            <CityNm>ST SIMONS ISLAND</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>31522</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR/DONEE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF GEORGIA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>210 S JACKSON ST</AddressLine1Txt>
            <AddressLine2Txt>210 S JACKSON ST</AddressLine2Txt>
            <CityNm>ATHENS</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30602</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR/DONEE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CYSTIC FIBROSIS FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4550 MONTGOMERY AVE</AddressLine1Txt>
            <AddressLine2Txt>SUITE 1100 N</AddressLine2Txt>
            <CityNm>BETHESDA</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20814</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR/DONEE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>1800</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GILDA'S CLUB KENTUCKIANA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2440 GRINSTEAD DR</AddressLine1Txt>
            <CityNm>LOUISVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40204</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR/DONEE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE SAMUEL L ASBURY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3333 RIVERWOOD PARKWAY</AddressLine1Txt>
            <AddressLine2Txt>SUITE 400</AddressLine2Txt>
            <CityNm>ATLANTA</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30339</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR/DONEE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHRIST CHURCH UNITED METHODIST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4614 BROWNSBORO RD</AddressLine1Txt>
            <CityNm>LOUISVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40207</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR/DONEE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>CHURCH</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FIRST TEE OF KENTUCKY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4600 NORTHWESTERN PARKWAY</AddressLine1Txt>
            <CityNm>LOUISVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40212</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR/DONEE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ROOTING FOR ROBERT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>508 TIFFANY LANE</AddressLine1Txt>
            <CityNm>LOUISVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40207</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>DONOR/DONEE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FINANCIAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>338300</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>16</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>99896</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReNotDebtFincdProp>
          <RelatedOrExemptFunctionIncmAmt>-37505</RelatedOrExemptFunctionIncmAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>359</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>147617</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>DRAKE'S-MALONE'S HOLDINGS</Desc>
          <RelatedOrExemptFunctionIncmAmt>-5159</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>100271</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>104953</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>205224</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc3">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREP</CategoryTxt>
        <Amt>11427</Amt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc4">
      <DepreciationPropertyGrp>
        <PropertyDesc>CONDO</PropertyDesc>
        <AcquiredDt>2021-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>2632178</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>139585</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>95716</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>95716</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>95716</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2022-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>76001</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2649</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>2763</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>2763</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2763</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc5">
      <InvestmentsCorporateStockGrp>
        <StockNm>BAIRD</StockNm>
        <EOYBookValueAmt>1658159</EOYBookValueAmt>
        <EOYFMVAmt>1658159</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc6">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DRAKES-MALONES HOLDINGS 4 LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>29052</BookValueAmt>
        <EOYFMVAmt>29052</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc7">
      <LandEtcGrp>
        <CostOrOtherBasisAmt>2708179</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>240713</AccumulatedDepreciationAmt>
        <BookValueAmt>2467466</BookValueAmt>
        <EOYFMVAmt>2708179</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherDecreasesSchedule documentId="RetDoc8">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSSES</Desc>
        <Amt>468446</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc9">
      <OtherExpensesScheduleGrp>
        <Desc>CONDO</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MANAGEMENT FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>131584</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>131584</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>131584</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>4900</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4900</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>4900</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES</Desc>
        <RevenueAndExpensesPerBooksAmt>80264</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>80264</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>80264</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>3215</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3215</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3215</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>12546</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>12546</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>12546</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>83</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>83</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>83</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc10">
      <OtherIncomeDetail>
        <Desc>CAPITAL GAIN DISTRIBUTION</Desc>
        <RevenueAndExpensesPerBooksAmt>359</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>359</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>359</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>DRAKE'S-MALONE'S HOLDINGS 4</Desc>
        <RevenueAndExpensesPerBooksAmt>-5159</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>-5159</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc11">
      <OtherLiabilitiesDetail>
        <Desc>MARGIN LOAN</Desc>
        <BOYBookValueAmt>902505</BOYBookValueAmt>
        <EOYBookValueAmt>281556</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="RetDoc12">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>29412</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>CONDO</CategoryTxt>
        <Amt>28652</Amt>
        <NetInvestmentIncomeAmt>28652</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>28652</AdjustedNetIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>