The C. E. and S. Foundation, Inc. identifies, funds, and nurtures projects and organizations in the fields of higher education, international cooperation, and improvements to the urban environment that meaningfully enhance the living conditions or prospects of identifiable people. The Foundation is also dedicated to fostering philanthropic spirit and nonprofit management expertise.

The Foundation was formed in 1984 as a private, non-operating family foundation. It is managed by a single director (non-family), an Investment Committee, and a Grants Committee.

Located in Louisville, Kentucky, the Foundation has assets in the range of $40 million. Since its formation, the Foundation and its founders have distributed grants totaling approximately $55 million. In 2003, the Foundation approved over $2.2 million in grant awards.