2026-02-04T15:42:41-06:00 2024-06-30 361453176 McDermott Will & Emery LLP 444 W Lake Street Suite 4000 Chicago IL 60606 990 2023-07-01 616011973 The Coolidge Foundation Incorporated c/o Victoria K Van Meter COOL 3123722000 McDermott Will Emery LLP 4000 W Lake St Chicago IL 60606 Keith G Coolidge President 3123722000 2026-02-04 1 0 Victoria K Van Meter P01072419 3123722000 2023 2025-03-06 01:10:19Z Keith G Coolidge McDermott Will Emery LLP 4000 W Lake St Chicago IL 60606 142160 0 X n/a X 1947 KY SUPPORT OF YMCA OF CENTRAL KENTUCKY 3 2 0 0 0 0 0 0 0 0 68999 59998 0 0 68999 59998 0 0 0 0 0 0 0 0 0 4000 69243 4000 69243 64999 -9245 1079443 1070198 104104 131267 975339 938931 Support of YMCA of Central Kentucky. 0 0 4036 Support of YMCA of Central Kentucky Lexington, KY Pursuant to an agreement dated April 11, 1977, and renewed effective July 1, 1997, the Foundation has agreed to support the YMCA of Central Kentucky (successor to the Young Men's Christian Association of Greater Lexington, Inc.) by contributing its net investment income (but not including gains realized from the sale or exchange of any assets) to that organization. The Foundation also leases real estate in Nicholasville, Kentucky known as the Caroline Memorial Community Center to the YMCA at no charge. The YMCA of Central Kentucky is a publicly supported organization of the type described in Section 509(a)(1) of the Internal Revenue Code. 4036 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 X X Victoria K Van Meter 3123722000 444 W Lake Street Suite 4000 Chicago IL 60606 Keith G Coolidge President, Director 0.25 X X 0 0 0 Mark W Coolidge Vice Pres, Sec, Treas, Dir 0.25 X X 0 0 0 Paula Anderson Director 0.25 40.00 X 0 213189 31544 0 213189 31544 0 0 1 0 0 30725 30725 111435 82162 29273 29273 29273 59998 0 0 59998 65243 4036 61207 4000 4000 69243 4036 65207 0 0 0 45600 0 45600 45600 1033843 1024598 1079443 1070198 52904 41667 51200 89600 104104 131267 X 929739 893331 45600 45600 0 0 975339 938931 1079443 1070198 X -9245 -27163 X 0 0 0 X X 1 YMCA of Central Kentucky 610444842 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 308 0 0 24703 59693 24703 60001 0 0 0 0 0 0 24703 60001 1006522 916057 -618 0 0 0 1005904 916057 0 0 0 1005904 916057 15089 13741 990815 902316 34679 31581 0 0 34679 31581 24703 20998 34679 34679 0 34679 0 0 0 0 0 0 0 0 34679 0.000000000000 34679 0 38400 38400 38400 25600 0 140800 0 34679 3721 102400 0 0 0 0 0 102400 38400 38400 25600 0 0 Part IV, Section D, Lines 8-10 One of the directors of the Coolidge Foundation, Paula Anderson, is the President/CEO of the YMCA of Central Kentucky. The Coolidge Foundation is required to distribute all of its net annual investment income to the YMCA, pursuant to an agreement between the organizations, and has regularly distributed amounts in excess of its net income. In addition, the Coolidge Foundation provides the YMCA with the rent-free use of the land and building known as the Caroline Memorial Community Center, which is owned by the Coolidge Foundation. The YMCA uses the building as a community center and program space in Jessamine County, Kentucky. The YMCA has total control over the use of the building. The cash distributions to the YMCA are made for supporting the maintenance of and programming at the Caroline Memorial Community Center. The YMCA previously obtained additional assistance from the Coolidge Foundation for the renovations of the Caroline Memorial Community Center. Throughout the 2023-2024 fiscal year, the Coolidge Foundation and the YMCA continued discussions begun in the prior year regarding the Foundation's relationship with and future support of the YMCA. The Board of the Foundation agreed to transfer the Caroline Memorial Community Center to the YMCA by deed and to distribute all of the Foundation's net assets to the YMCA. The agreement was finalized in July 2024, and an initial payment of $750,000 was distributed to the YMCA later in 2024. Treas. Reg. Sec. 1.509(a)-4(i)(7)(i) provides that "If with respect to any taxable yar, an excess amount, as defined in paragraph (i)(7)(ii) of this section, is created, such excess amount may be used to reduce the distributable amount in any of the five taxable years immediately following the taxable year in which the excess amount if created. An excess amount created in a taxable year can only be carried over for five taxable years." [emphasis added] The Foundation had a total of $140,800 of excess amunts from its 2018-2022 tax years, all of which were attributable to the distributions to the YMCA for the support of the Caroline Memorial Community Center. Therefore, pursuant to Treas. Reg. Sec. 1.509(a)-4(i)(7)(i), the distributable amount for 2023 is reduced from $34,679 (as reported in Section C, line 6, and Section D, line 9) to $0, and the distribution requirement of Treas. Reg. Sec. 509(a)-4(i)(5)(ii)(A) is satisfied. 13600 13600 32000 32000 45600 0 0 0 0 0 0 0 0 0 Paula Anderson Director 0 211894 0 1295 0 0 0 23549 0 7995 0 244733 0 0 Schedule J - Part 1, Line 3 Paula Anderson is the President/CEO of the supported organization, YMCA of Central Kentucky. Her compensation is established by approval of the board or compensation committee of the YMCA. Amounts reported as income are for the 2023 calendar year as reported on the YMCA's 2023 Form 990. Form 990, Part VI, Section A, line 2 Keith G. Coolidge, the President and a Director of the Foundation is the brother of Mark W. Coolidge, the Vice President, Secretary, Treasurer and a Director of the Foundation. Form 990, Part VI, Section A, line 8b The Foundation does not have any committees with authority to act on behalf of its directors. Form 990, Part VI, Section A, Line 9 Paula Anderson, YMCA, 381 West Loudon, Lexington, KY 40508 Form 990, Part VI, Section B, line 11b The Form 990 is prepared by the attorneys for the Foundation. Upon completion, it is sent to Keith Coolidge, the Foundation President, and Mark Coolidge, the Foundation Treasurer, for review. Form 990, Part VI, Section C, line 19 The Foundation's most recent Forms 990 are available on Guidestar (www.guidestar.org) and Pro Publica for review. The Foundation's Articles of Incorporation are available from the Kentucky Secretary of State. The Foundation's governing documents and financial statements are available for public inspection upon request to the extent required by law. Form 990, Part XI, line 9: Increase in total accounts payable and grants payable. -27,163. YMCA of Central Kentucky 381 W Loudon Lexington KY 40508 610444842 childcare, youth & teen programs, aquatics, camps, sports & fitness programs KY 501(c)(3) 10 YMCA of Central Kentucky 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 na