Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
KEMMONS WILSON FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2029 PEABODY AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MEMPHIS, TN38104
A Employer identification number

62-6046687
B Telephone number (see instructions)

(901) 346-8800
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$35,693,379J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 69,146 69,146 69,146
4 Dividends and interest from securities... 582,265 582,265 582,265
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,363,919
b Gross sales price for all assets on line 6a 6,860,006
7 Capital gain net income (from Part IV, line 2)... 3,363,919
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 900
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 900 900
11 Other income (attach schedule)....... Click to see attachment 191,279 191,279 191,279
12 Total. Add lines 1 through 11........ 4,207,509 4,206,609 843,590
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages...... 129,081 0 0 129,081
15 Pension plans, employee benefits....... 16,863 0 0 16,863
16a Legal fees (attach schedule)......... Click to see attachment 1,150 0 0 1,150
b Accounting fees (attach schedule)....... Click to see attachment 16,845 0 0 16,845
c Other professional fees (attach schedule).... Click to see attachment 101,438 69,415 0 32,023
17 Interest............... 417 417 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35,643 25,794 0 9,849
19 Depreciation (attach schedule) and depletion... Click to see attachment 5,590 0 5,590
20 Occupancy.............. 39,600 0 0 39,600
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 105 0 0 105
23 Other expenses (attach schedule)....... Click to see attachment 346,067 308,105 0 37,962
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 692,799 403,731 5,590 283,478
25 Contributions, gifts, grants paid....... 1,532,160 1,532,160
26 Total expenses and disbursements. Add lines 24 and 25 2,224,959 403,731 5,590 1,815,638
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,982,550
b Net investment income (if negative, enter -0-) 3,802,878
c Adjusted net income (if negative, enter -0-)... 838,000
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. -1 470,202 470,202
2 Savings and temporary cash investments......... -35,847    
3 Accounts receivable bullet1,822,789
Less: allowance for doubtful accounts bullet1,700,000 53,643 122,789 122,789
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
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) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 78,953 78,953 78,953
9 Prepaid expenses and deferred charges..........      
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 bullet63,005
Less: accumulated depreciation (attach schedule) bullet   63,005 63,005 63,005
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 37,797,689 Click to see attachment34,688,553 34,688,553
14 Land, buildings, and equipment: basis bullet96,352
Less: accumulated depreciation (attach schedule) bullet62,893 39,055 Click to see attachment33,459 33,459
15 Other assets (describe bullet) Click to see attachment-95,071 Click to see attachment236,418 Click to see attachment236,418
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 37,901,426 35,693,379 35,693,379
Liabilities 17 Accounts payable and accrued expenses.......... 531 4,971
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment0 Click to see attachment32,600
23 Total liabilities (add lines 17 through 22)......... 531 37,571
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........ 0 0
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 37,900,895 35,655,808
30 Total net assets or fund balances (see instructions)..... 37,900,895 35,655,808
31 Total liabilities and net assets/fund balances (see instructions). 37,901,426 35,693,379
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 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
37,900,895
2
Enter amount from Part I, line 27a .....................
2
1,982,550
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
4,232
4
Add lines 1, 2, and 3 ..........................
4
39,887,677
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,231,869
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
35,655,808
Form 990-PF (2018)
Form 990-PF (2018)
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 TITAN REDEMPTION P    
b FIDELITY - 2032 P    
c FROM K-1 - DTC PRIVATE EQUITY P    
d FROM K-1 - PRESERVER, LP P    
e FROM K-1 - PRESERVER, LP P    
FROM K-1 - WILSON FAMILY PRIVATE INVESTMENT FUND P    
FROM K-1 - WILSON FAMILY PRIVATE INVESTMENT FUND P    
FROM K-1 - WILSON FAMILY GLOBAL EQUITY FUND LP P    
FROM K-1 - WILSON FAMILY GLOBAL EQUITY FUND LP P    
FROM K-1 - PALLADIAN PARTNERS VI, LP P    
FROM K-1 - PALLADIAN PARTNERS VI, LP P    
FROM K-1 - WILSON FAMILY PRIVATE INVESTMENT FUND P    
FROM K-1 - WILSON FAMILY GLOBAL EQUITY FUND LP P    
FROM K-1 - PALLADIAN PARTNERS VI, LP P    
FIDELITY - 2032 P    
(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 1,176,676     1,176,676
b 76,095   77,189 -1,094
c 21,609     21,609
d 11,005     11,005
e 39,406     39,406
    603 -603
18,692     18,692
361,843     361,843
1,583,469     1,583,469
    761 -761
122,427     122,427
28,169     28,169
11     11
384     384
3,420,220   3,417,534 2,686
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       1,176,676
b       -1,094
c       21,609
d       11,005
e       39,406
      -603
      18,692
      361,843
      1,583,469
      -761
      122,427
      28,169
      11
      384
      2,686
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 3,363,919
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 3 370,390
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2017 1,829,163 36,446,226 0.050188
2016 2,150,421 35,101,482 0.061263
2015 2,075,379 37,325,595 0.055602
2014 2,066,207 37,613,598 0.054932
2013 1,804,315 35,364,666 0.051020
2
Total of line 1, column (d) .....................
2
0.273005
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.054601
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
35,522,648
5
Multiply line 4 by line 3......................
5
1,939,572
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
38,029
7
Add lines 5 and 6........................
7
1,977,601
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,815,638
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.
Form 990-PF (2018)
Form 990-PF (2018)
Page 4
Part VI
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 Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 76,058
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% 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 0
3 Add lines 1 and 2........................... 3 76,058
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 76,058
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 15,868
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 42,100
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 57,968
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 992
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 19,082
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for 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. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
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.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • 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 XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTN
    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 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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
    Yes
     
    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 addressbulletWWW.KWFF.ORG
    14
    The books are in care ofbulletZACH OGALE CPA Telephone no.bullet (901) 346-8800

    Located atbullet8700 TRAIL LAKE DRIVE WEST SUITE300MEMPHISTN ZIP+4bullet38125
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, 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 bullet  
    Part VII-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?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (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)?...............
    (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.).......
    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
     
     
    ........bullet
    c
    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 2018?.............
    1c
     
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 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.
    bullet20, 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?......................
    b
    If "Yes," did it have excess business holdings in 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-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))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    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
     
     
    .........bullet
    c
    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?..........
    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?.....................
    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?
    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? .................
    Part VIII
    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
    ELIZABETH WILSON MOORE PRESIDENT
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    ROBERT WILSON VICE-PRESIDENT
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    CHARLES K WILSON JR VICE-PRESIDENT
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    CECIL E CARNEY III VICE-PRES./TREASURER
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    GARY C MCCLAIN SECRETARY/ASST. TREASURER
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    ZACH OGALE ASST. SECRETARY
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    SPENCE L WILSON DIRECTOR
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    CAROLE W WEST DIRECTOR
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    JACK MOORE DIRECTOR
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    CAREY SNIDER DIRECTOR
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    REBECCA MACSOVITS DIRECTOR
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    ELIOT MORRIS DIRECTOR
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    SUSAN WILSON DIRECTOR
    0.00     		0 0 0
    8700 TRAIL LAKE DRIVE WEST STE 300
    MEMPHIS,TN38125
    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
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-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.........................bullet0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 8
    Part X
    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
    35,529,779
    b
    Average of monthly cash balances.......................
    1b
    533,823
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    36,063,602
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    36,063,602
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    540,954
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    35,522,648
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,776,132
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,776,132
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    76,058
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    76,058
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,700,074
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,700,074
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,700,074
    Part XII
    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
    1,815,638
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,815,638
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,815,638
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 1,700,074
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 66,973
    b From 2014...... 289,849
    c From 2015...... 238,017
    d From 2016...... 405,563
    e From 2017...... 41,072
    fTotal of lines 3a through e........ 1,041,474
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,815,638
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 1,700,074
    e Remaining amount distributed out of corpus 115,564
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,157,038
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		66,973
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,090,065
    10 Analysis of line 9:
    a Excess from 2014.... 289,849
    b Excess from 2015.... 238,017
    c Excess from 2016.... 405,563
    d Excess from 2017.... 41,072
    e Excess from 2018.... 115,564
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-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 2018, enter the date of the ruling....... bullet
     
    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 X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    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).)
    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.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CARRIE BURKE
    2029 PEABODY AVENUE
    MEMPHIS,TN38104
    (901) 726-3147
    CBURKE@KWFF.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    SEE OUR WEBSITE AT HTTP://WWW.KWFF.ORG/OUR-GRANT-PROCESS/GRANT-APPLICATION-PROCESS/.
    cAny submission deadlines:
    JANUARY 15 AND AUGUST 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONTACT CARRIE BURKE AT CBURKE@KWFF.ORG FOR MORE INFORMATION.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    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
    ARTS MEMPHIS
    575 S MENDENHALL RD
    MEMPHIS,TN38117     		  PC GENERAL - OPERATING 11,210
    BAPTIST MEMORIAL HEALTH CARE FOUNDATION
    350 N HUMPHREYS BLVD
    MEMPHIS,TN38120     		  PC GENERAL - OPERATING 122,000
    BETHANY CHRISTIAN SERVICES
    1255 LYNNFIELD RD 236
    MEMPHIS,TN38119     		  PC GENERAL - OPERATING 1,000
    BIG GREEN
    3548 WALKER AVE 102
    MEMPHIS,TN38111     		  PC GENERAL - OPERATING 10,000
    BRIDGES INC
    477 N 5TH ST
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 25,000
    CARPENTER ART GARDEN
    295 CARPENTER ST
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 6,000
    CHRISTIAN BROTHERS UNIVERSITY
    650 E PKWY S
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 75,000
    CREATIVE AGING
    2029 PEABODY AVE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 7,500
    CROSSTOWN ARTS
    1350 CONCOURSE AVE 280
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 167,000
    DAYSTAR COUNSELING
    2801 AZALEA PL
    NASHVILLE,TN37204     		  PC GENERAL - OPERATING 500
    FAMILIES MATTER INC
    2595 CENTRAL AVENUE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 25,500
    FOR THE KINGDOM INC
    4100 RALEIGH MILLINGTON ROAD
    MEMPHIS,TN38128     		  PC GENERAL - OPERATING 25,000
    HARWOOD CENTER
    8500 WALNUT GROVE R
    CORDOVA,TN38018     		  PC GENERAL - OPERATING 1,000
    HOPE WORKS
    3337 SUMMER AVE
    MEMPHIS,TN38122     		  PC GENERAL - OPERATING 25,000
    HUTCHISON SCHOOL
    1740 RIDGEWAY ROAD
    MEMPHIS,TN38119     		  PC GENERAL - OPERATING 10,000
    JIFF INC
    254 S LAUDERDALE ST
    MEMPHIS,TN38126     		  PC GENERAL - OPERATING 1,000
    JUNIOR ACHIEVEMENT
    307 MADISON AVE
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 15,000
    LE BONHEUR CHILDRENS HOSPITAL FOUNDATION
    PO BOX 41817
    MEMPHIS,TN38174     		  PC GENERAL - OPERATING 50,000
    MARY GRIMES HUTCHISON SOCIETY - HUTCHISON SCHOOL
    1740 RIDGEWAY RD
    MEMPHIS,TN38119     		  PC GENERAL - OPERATING 5,000
    MEMPHIS ATHLETIC MINISTRIES
    2146 BALL RD
    MEMPHIS,TN38114     		  PC GENERAL - OPERATING 15,000
    MEMPHIS BOTANIC GARDEN FOUNDATION INC
    750 CHERRY ROAD
    MEMPHIS,TN38117     		  PC GENERAL - OPERATING 51,000
    MEMPHIS BROOKS MUSEUM
    1934 POPLAR AVE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 1,000
    MEMPHIS CHILD ADVOCACY CENTER
    1085 POPLAR AVENUE
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 25,000
    MEMPHIS DELTA PREPARATORY CHARTER SCHOOL INC
    1299 E MCLEMORE AVE
    MEMPHIS,TN38106     		  PC GENERAL - OPERATING 31,000
    MEMPHIS DENTAL SOCIETY CHARITABLE FUND INC
    6250 POPLAR AVE
    MEMPHIS,TN38119     		  PC GENERAL - OPERATING 20,000
    MEMPHIS MUSEUMS INC
    3050 CENTRAL AVENUE
    MEMPHIS,TN38111     		  PC GENERAL - OPERATING 75,000
    MEMPHIS TEACHER RESIDENCY INC
    2181 UNION AVE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 25,000
    MEMPHIS THEOLOGICAL SEMINARY
    168 EAST PARKWAY
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 18,000
    MEMPHIS UNIVERSITY SCHOOL
    6191 PARK AVENUE
    MEMPHIS,TN38119     		  PC GENERAL - OPERATING 3,000
    MEMPHIS ZOO INC
    2000 PRENTISS PLACE
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 500
    METHODIST HEALTHCARE FOUNDATION
    1211 UNION AVENUE 450
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 30,000
    MIFA-METROPOLITAN INTERFAITH ASSOCIATION
    910 VANCE AVE
    MEMPHIS,TN38126     		  PC GENERAL - OPERATING 10,000
    MY CUP OF TEA
    3028 CARNES AVE
    MEMPHIS,TN38111     		  PC GENERAL - OPERATING 10,000
    NATIONAL CIVIL RIGHTS MUSEUM
    450 MULBERRY STREET
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 2,500
    NEIGHBORHOOD CHRISTIAN CENTERS INC
    785 JACKSON AVE
    MEMPHIS,TN38107     		  PC GENERAL - OPERATING 26,000
    NEW MEMPHIS INSTITUTE
    22 N FRONT STREET STE 160
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 25,000
    NEXUS LEADERS INC
    4055 POPLAR AVENUE
    MEMPHIS,TN38111     		  PC GENERAL - OPERATING 6,000
    PORTER LEATH HOME
    868 N MANASSAS ST
    MEMPHIS,TN38107     		  PC GENERAL - OPERATING 30,000
    PRESTON TAYLOR MINISTRIES
    4014 INDIANA AVE
    NASHVILLE,TN37209     		  PC GENERAL - OPERATING 1,000
    PURE YOUTH ATHLETIC ALLIANCE
    4847 AMEY RD
    MEMPHIS,TN38109     		  PC GENERAL - OPERATING 8,000
    RHODES COLLEGE
    2000 NORTH PARKWAY
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 25,000
    RISE FOUNDATION
    1355 LYNNFIELD RD
    MEMPHIS,TN38119     		  PC GENERAL - OPERATING 2,000
    ROCKY MOUNTAIN DOWN SYNDROME ASSOCIATION INC
    3515 S TAMARAC DR 320
    DENVER,CO80237     		  PC GENERAL - OPERATING 1,000
    SEEDING SUCCESS
    600 JEFFERSON AVE
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 5,000
    SERVICE OVER SELF INCORPORATED
    2505 POPLAR AVE
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 30,000
    SHELBY FARMS PARK CONSERVANCY
    500 NORTH PINE LAKE DRIVE
    MEMPHIS,TN38134     		  PC GENERAL - OPERATING 26,000
    SOULSVILLE CHARTER SCHOOL
    1115 COLLEGE ST
    MEMPHIS,TN38106     		  PC GENERAL - OPERATING 30,000
    SRVS SHELBY RESIDENTIAL AND VOCATIONAL SERVICES
    3971 KNIGHT ARNOLD RD
    MEMPHIS,TN38118     		  PC GENERAL - OPERATING 10,000
    TEACH FOR AMERICA INC
    175 TOYOTA PLAZA STE 350
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 26,000
    TECH901
    1350 CONCOURSE AVE 375
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 10,000
    CHANDLER SCHOOL
    2900 AUGUST STREET
    GREENVILLE,SC29605     		  PC GENERAL - OPERATING 1,000
    THE COLLEGE INITIATIVE
    80 MONROE AVE 610
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 10,000
    THE SALVATION ARMY
    696 JACKSON AVENUE
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 5,000
    UNIVERSITY OF MEMPHIS FOUNDATION
    635 NORMAL S
    MEMPHIS,TN38152     		  PC GENERAL - OPERATING 175,000
    VETERANS AIRLIFT COMMAND
    5775 WAYZATA BOULEVARD SUITE 700
    ST LOUIS PARK,MN55416     		  PC GENERAL - OPERATING 1,000
    VISBLE MUSIC COLLEGE
    1015 S COOPER STREET
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 26,000
    VOLUNTEER ODYSSEY
    88 UNION AVE
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 25,000
    WEST CANCER INSTITUTE
    7945 WOLF RIVER BOULEVARD
    GERMANTOWN,TN38138     		  PC GENERAL - OPERATING 100,000
    MEMPHIS CHILDREN'S MUSEUM
    2525 CENTRAL AVE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 1,000
    DIXON GALLERY AND GARDENS
    4339 PARK AVENUE
    MEMPHIS,TN38117     		  PC GENERAL - OPERATING 1,500
    IMPACT AMERICA - TENNESSEE
    1203 PEABODY AVE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 10,000
    SECOND PRESBYTERIAN CHURCH
    4055 POPLAR AVENUE
    MEMPHIS,TN38111     		  PC GENERAL - OPERATING 1,000
    EVANGELICAL CHRISTIAN SCHOOL
    7600 MACON RD
    CORDOVA,TN38018     		  PC GENERAL - OPERATING 6,500
    BRIARCREST CHRISTIAN SCHOOL
    76 S HOUSTON LEVEE RD
    EADS,TN38028     		  PC GENERAL - OPERATING 1,950
    GRANT MAKERS IN AGING
    2001 JEFFERSON DAVIS HIGHWAY SUITE
    1011
    ARLINGTON,VA22202     		  PC GENERAL - OPERATING 5,000
    ASSOCIATION OF FUNDRAISING PROFESSIONALS MEMPHIS
    4300 WILSON BLVD SUITE 300
    ARLINGTON,VA22203     		  PC GENERAL - OPERATING 1,500
    Total .................................bullet 3a 1,532,160
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-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 ...........     		    01 69,146  
    4 Dividends and interest from securities....         582,265
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....         191,279
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        3,363,919
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory 451211 900      
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 900 69,146 4,137,463
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,207,509
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-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 XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    3 UTILIZING FOUNDATION ASSETS TO PROVIDE ADDITIONAL FUNDS FOR
    3 CHARITABLE PURPOSES.
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    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.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 10,845 0 0 10,845
    TAX PREP FEES 6,000 0 0 6,000

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    TY 2018 DepreciationSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    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
    COMPUTER EQUIPMENT 2007-05-07 1,998 1,998 200DB 5.000000000000 0 0 0  
    MACBOOK PRO LAPTOP - LEE MORRIS 2013-04-01 3,800 3,691 200DB 5.000000000000 109 0 109  
    DELL LATITUDE LAPTOP - LAUREN YOUNG 2013-04-01 2,912 2,829 200DB 5.000000000000 83 0 83  
    LANDSCAPE 1027 CHERRY ROAD 2014-10-30 1,952 1,276 150DB 15.000000000000 68 0 130  
    TENANT IMPROVEMENTS 1027 CHERRY ROAD 2014-09-02 47,571 14,628 150DB 15.000000000000 3,294 0 3,171  
    TI - ELEC OUTLETS LMORRIS WORKSPACE 2014-12-03 197 129 150DB 15.000000000000 7 0 13  
    TI - SECURITY SYSTEM 2014-09-03 523 342 150DB 15.000000000000 18 0 35  
    OUTDOOR FURNITURE 2014-09-23 663 559 200DB 7.000000000000 30 0 95  
    OFFICE CONFERENCE CHAIRS 2014-08-27 4,863 4,103 200DB 7.000000000000 217 0 695  
    CONTEMPORARY CONFERENCE TABLE 2014-09-12 7,715 6,511 200DB 7.000000000000 344 0 1,102  
    OLD HOLIDAY INN CONFERENCE TABLE 2014-09-04 552 380 200DB 7.000000000000 49 0 79  
    FABRIC FOR CURTAINS 2014-09-02 226 191 200DB 7.000000000000 10 0 32  
    CURTAINS/SINK SKIRTS 2014-09-08 3,669 3,096 200DB 7.000000000000 164 0 524  
    INTERIOR SIGNS - 1027 CHERRY ROAD 2014-12-19 486 411 200DB 7.000000000000 21 0 69  
    NETGEAR READY/SONIC WALL/ROUTER 2014-10-15 2,892 2,643 200DB 5.000000000000 166 0 249  
    TV/VIDEO/AUDIO 2014-09-16 13,535 12,365 200DB 5.000000000000 780 0 1,170  
    INTERIOR SIGNS 2015-01-14 1,125 879 200DB 7.000000000000 70 0 161  
    DELL LATITUDE 5470 - CARRIE BURKE 2016-07-15 1,673 1,272 200DB 5.000000000000 160 0 335  

    TY 2018 GeneralExplanationAttachment
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Identifier Return Reference Explanation
    SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION FORM 990-PF THE KEMMONS WILSON FAMILY FOUNDATION8700 W. TRAIL LAKE DRIVE, SUITE 300MEMPHIS, TN 38125EMPLOYER IDENTIFICATION NUMBER: 62-6046687FOR THE YEAR ENDING DECEMBER 31, 2018THE KEMMONS WILSON FAMILY FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F).
    EXPLANATION OF EMPLOYEE COMPENSATION FORM 990-PF, PART VIII, LINE 2 INFORMATION RELATED TO THE HIGHEST COMPENSATED EMPLOYEES IS AVAILABLE UPON REQUEST.

    TY 2018 InvestmentsOtherSchedule2
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIXED INCOME - SECURITIES AT COST 7,804,495 7,804,495
    DTC PRIVATE EQUITY LP AT COST 39,448 39,448
    PALLADIAN PARTNERS VI LP AT COST 470,405 470,405
    PALLADIAN PARTNERS IX LP AT COST 72,146 72,146
    CENTENNIAL ABSOLUTE RETURN FUND LP AT COST 5,504 5,504
    MAGNITUDE INTERNATIONAL AT COST 5,724,439 5,724,439
    OLD FARM PARTNERS OFFSHORE FUND AT COST 4,027,550 4,027,550
    PRESERVER LP AT COST 1,862,930 1,862,930
    WILSON FAMILY GLOBAL EQUITY FUND LP AT COST 13,669,512 13,669,512
    WILSON FAMILY PRIVATE INVESTMENT FUND LP AT COST 1,012,124 1,012,124

    TY 2018 LandEtcSchedule2
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 1,998 1,998 0 0
    MACBOOK PRO LAPTOP - LEE MORRIS 3,800 3,800 0 0
    DELL LATITUDE LAPTOP - LAUREN YOUNG 2,912 2,912 0 0
    LANDSCAPE 1027 CHERRY ROAD 1,952 1,344 608 608
    TENANT IMPROVEMENTS 1027 CHERRY ROAD 47,571 17,922 29,649 29,649
    TI - ELEC OUTLETS LMORRIS WORKSPACE 197 136 61 61
    TI - SECURITY SYSTEM 523 360 163 163
    OUTDOOR FURNITURE 663 589 74 74
    OFFICE CONFERENCE CHAIRS 4,863 4,320 543 543
    CONTEMPORARY CONFERENCE TABLE 7,715 6,855 860 860
    OLD HOLIDAY INN CONFERENCE TABLE 552 429 123 123
    FABRIC FOR CURTAINS 226 201 25 25
    CURTAINS/SINK SKIRTS 3,669 3,260 409 409
    INTERIOR SIGNS - 1027 CHERRY ROAD 486 432 54 54
    NETGEAR READY/SONIC WALL/ROUTER 2,892 2,809 83 83
    TV/VIDEO/AUDIO 13,535 13,145 390 390
    INTERIOR SIGNS 1,125 949 176 176
    DELL LATITUDE 5470 - CARRIE BURKE 1,673 1,432 241 241


    TY 2018 LegalFeesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL EXPENSES 1,150 0 0 1,150


    TY 2018 OtherAssetsSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUE FROM BROKER 1,284 1,284 1,284
    MINIATURE HOLIDAY INN SIGN 11,750 11,750 11,750
    BRONZE SCULPTURE 2,050 2,050 2,050
    INVESTMENT HOLDBACKS 0 221,334 221,334
    OUTSTANDING CHECKS -110,155 0 0


    TY 2018 OtherDecreasesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Amount
    UNREALIZED LOSSES 4,225,980
    BOOK/TAX DIFFERENCE - WFPIF 2,731
    BOOK/TAX DIFFERENCE - WFGEF 1,852
    ADJUSTMENT RE NON-DEDUCTIBLE CONTRIBUTIONS 1,290
    ROUNDING 16


    TY 2018 OtherExpensesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FROM K-1 - DTC PRIVATE EQUITY - OTHER DEDUCTIONS 1,577 1,577 0 0
    FROM K-1 - PRESERVER LP - OTHER DEDUCTIONS 38,982 38,982 0 0
    FROM K-1 - WILSON FAMILY PRIVATE INVESTMENT FUND - OTHER DEDUCTIONS 16,595 16,595 0 0
    FROM K-1 - WILSON FAMILY GLOBAL EQUITY - OTHER DEDUCTIONS 220,888 220,888 0 0
    UTILITIES 4,670 0 0 4,670
    MAINTENANCE & REPAIRS 13,631 0 0 13,631
    INSURANCE 3,277 0 0 3,277
    POSTAGE 28 0 0 28
    DUES & SUBSCRIPTIONS 1,286 0 0 1,286
    OFFICE SUPPLIES 1,331 0 0 1,331
    FROM K-1 - PALLADIAN PARTNERS VI - OTHER DEDUCTIONS 27,311 27,311 0 0
    FROM K-1 - PALLADIAN PARTNERS IX- OTHER DEDUCTIONS 2,752 2,752 0 0
    PROGRAM EXPENSES 8,649 0 0 8,649
    ADVERTISING 300 0 0 300
    OTHER EXPENSES 4,790 0 0 4,790


    TY 2018 OtherIncomeSchedule2
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FROM K-1 - DTC PRIVATE EQUITY LP - OTHER INCOME 298 298 298
    FROM K-1 - PRESERVER LP - OTHER INCOME 9,534 9,534 9,534
    FROM K-1 - WILSON FAMILY PRIVATE INVESTMENT FUND - OTHER INCOME 4,179 4,179 4,179
    FROM K-1 - WILSON FAMILY GLOBAL EQUITY - OTHER INCOME -1,792 -1,792 -1,792
    FROM K-1 - PALLADIAN PARTNERS VI LP - OTHER INCOME 2,592 2,592 2,592
    FROM K-1 - PALLADIAN PARTNERS IX LP - OTHER INCOME -2 -2 -2
    HERITAGE LITIGATION PROCEEDS 112,077 112,077 112,077
    FROM K-1 - PRESERVER LP - ORDINARY INCOME -2,667 -2,667 -2,667
    FROM K-1 - WILSON WORLD SUITES DALLAS - ORDINARY INCOME -1,342 -1,342 -1,342
    FROM K-1 - WILSON FAMILY PRIVATE INVESTMENT FUND - ORDINARY INCOME 56,152 56,152 56,152
    FROM K-1 - WILSON FAMILY GLOBAL EQUITY - ORDINARY INCOME 1,498 1,498 1,498
    FROM K-1 - PALLADIAN PARTNERS VI LP - ORDINARY INCOME 10,752 10,752 10,752


    TY 2018 OtherIncreasesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Amount
    BOOK/TAX DIFFERENCE - PALLADIAN VI 4,012
    BOOK/TAX DIFFERNCES - PRESERVER 220


    TY 2018 OtherLiabilitiesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Beginning of Year - Book Value End of Year - Book Value
    OTHER PAYABLES 0 32,600


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PC SUPPORT FEES 3,600 0 0 3,600
    PROFESSIONAL FEES 3,088 0 0 3,088
    CONSULTING FEES 25,335 0 0 25,335
    INVESTMENT FEES 52,029 52,029 0 0
    ADVISORY FEES 17,386 17,386 0 0


    TY 2018 TaxesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 19,131 19,131 0 0
    LICENSES/ FEES 473 0 0 473
    PAYROLL TAXES 9,235 0 0 9,235
    PROPERTY TAXES 141 0 0 141
    OTHER TAXES 6,663 6,663 0 0