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
ROBERT L & KATHRINA H MACLELLAN
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)820 BROAD STREET NO 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN374022604
A Employer identification number

23-7159802
B Telephone number (see instructions)

(423) 755-1857
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$49,069,480J 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 99 99  
4 Dividends and interest from securities... 1,092,946 1,089,255  
5a Gross rents............      
b Net rental income or (loss) -21,586
6a Net gain or (loss) from sale of assets not on line 10 1,683,109
b Gross sales price for all assets on line 6a 16,239,074
7 Capital gain net income (from Part IV, line 2)... 1,683,109
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 117,244 196,565  
12 Total. Add lines 1 through 11........ 2,893,398 2,969,028  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 241,530 10,456   231,074
14 Other employee salaries and wages...... 107,320 0   107,320
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 21,107 5,277   15,831
c Other professional fees (attach schedule).... Click to see attachment 249,241 249,241   0
17 Interest............... 59,305 59,305   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 98,788 18,776   0
19 Depreciation (attach schedule) and depletion... Click to see attachment 13,454 0  
20 Occupancy.............. 154,499 15,450   139,049
21 Travel, conferences, and meetings....... 56,296 0   56,296
22 Printing and publications.......... 1,677 0   1,677
23 Other expenses (attach schedule)....... Click to see attachment 745,745 423,558   142,652
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,748,962 782,063   693,899
25 Contributions, gifts, grants paid....... 2,532,403 2,532,403
26 Total expenses and disbursements. Add lines 24 and 25 4,281,365 782,063   3,226,302
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,387,967
b Net investment income (if negative, enter -0-) 2,186,965
c Adjusted net income (if negative, enter -0-)...  
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............. 5    
2 Savings and temporary cash investments......... 397,873 604,805 604,805
3 Accounts receivable bullet1,004,428
Less: allowance for doubtful accounts bullet   160,561 1,004,428 1,004,428
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..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,768,933 Click to see attachment673,412 713,978
b Investments—corporate stock (attach schedule)....... 15,893,285 Click to see attachment19,471,093 17,514,300
c Investments—corporate bonds (attach schedule)....... 745,568 Click to see attachment397,853 383,846
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 30,716,281 Click to see attachment26,156,402 28,439,065
14 Land, buildings, and equipment: basis bullet499,324
Less: accumulated depreciation (attach schedule) bullet90,266 422,512 Click to see attachment409,058 409,058
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 50,105,018 48,717,051 49,069,480
Liabilities 17 Accounts payable and accrued expenses..........    
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)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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........ 50,105,018 48,717,051
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 50,105,018 48,717,051
31 Total liabilities and net assets/fund balances (see instructions). 50,105,018 48,717,051
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
50,105,018
2
Enter amount from Part I, line 27a .....................
2
-1,387,967
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
48,717,051
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
48,717,051
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 PERSHING 2004 SHORT TERM CAPITAL GAINS      
b PERSHING 2004 LONG TERM CAPITAL GAINS      
c PERSHING 2178 SHORT TERM CAPITAL GAINS      
d PERSHING 1246 SHORT TERM CAPITAL GAINS      
e PERSHING 1246 LONG TERM CAPITAL GAINS      
PERSHING 1300 SHORT TERM CAPITAL GAINS      
PERSHING 1300 LONG TERM CAPITAL GAINS      
PERSHING 6243 SHORT TERM CAPITAL GAINS      
PERSHING 6243 LONG TERM CAPITAL GAINS      
PERSHING 1383 SHORT TERM CAPITAL GAINS      
PERSHING 1383 LONG TERM CAPITAL GAINS      
SHORT TERM CAPITAL GAINS FROM PARTNERSHIPS P    
LONG TERM CAPITAL GAINS FROM PARTNERSHIPS P    
360 ENERGY OPPORTUNITY FUND P    
EXCELSIOR ABSOLUTE SPV LTD2 P    
HAWKEYE CAPITAL OFFSHORE P    
MIDOCEAN CREDIT OPPORTUNITY OFFSHORE P    
PENNANT WINDWARD FUND P    
CAPITAL GAINS DIVIDENDS 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 1,378,564   1,133,824 244,740
b 1,829,726   1,354,620 475,106
c 419,414   455,724 -36,310
d 48,095   42,015 6,080
e 514,895   331,818 183,077
1,095,255   963,820 131,435
3,592,516   2,989,514 603,002
7,126   8,977 -1,851
1,084,367   731,649 352,718
296,394   301,600 -5,206
1,317,330   1,368,887 -51,557
    368,342 -368,342
269,684     269,684
1,242,604   1,242,604 0
    178,541 -178,541
1,136,806   1,210,900 -74,094
1,705,601   1,500,000 205,601
99,696   373,130 -273,434
201,001     201,001
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       244,740
b       475,106
c       -36,310
d       6,080
e       183,077
      131,435
      603,002
      -1,851
      352,718
      -5,206
      -51,557
      -368,342
      269,684
      0
      -178,541
      -74,094
      205,601
      -273,434
      201,001
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 1,683,109
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 2,727,140 57,540,700 0.047395
2016 3,704,797 53,510,936 0.069234
2015 3,812,427 55,620,735 0.068543
2014 3,665,335 56,483,702 0.064892
2013 2,554,337 53,359,585 0.047870
2
Total of line 1, column (d) .....................
2
0.297934
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
0.059587
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
52,643,103
5
Multiply line 4 by line 3......................
5
3,136,845
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
21,870
7
Add lines 5 and 6........................
7
3,158,715
8
Enter qualifying distributions from Part XII, line 4,.............
8
3,226,302
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 21,870
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 21,870
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 21,870
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 56,480
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,520
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 60,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 365
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 37,765
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet37,765 RefundedBullet 11 0
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
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletHTTP://WWW.MACLELLAN.NET/CMS/ABOUT
    14
    The books are in care ofbulletR H MACLELLAN PRESIDENT TREASURE Telephone no.bullet (423) 755-1857

    Located atbullet820 BROAD STREET SUITE 300CHATTANOOGATN ZIP+4bullet37402
    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
     
    No
    ........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
     
    No
    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
    ROBERT H MACLELLAN PRESIDENT & TREASURER
    38.00     		162,117 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    ROBERT BOSWORTH DIRECTOR
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    ROBERT C DIVINE DIRECTOR
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    DONALD J HOLWERDA DIRECTOR
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    REID A MACLELLAN DIRECTOR
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    THOMAS H MCCALLIE III SECRETARY
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    JONATHAN B ROLEN DIRECTOR
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    LARA MUNFORD SHIELDS DIRECTOR
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    N CARTER NEWBOLD DIRECTOR
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    TYLER SIIRA DIRECTOR
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    JEROME STAUFFER DIRECTOR
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    CHARLES W PHILLIPS EXECUTIVE DIRECTOR
    19.00     		79,413 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    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 CONVENING OF LEADERSSCOTLAND CONVENINGS - A GATHERING OF LEADERS FROM THE EVANGELICAL CHURCH AND CHRISTIAN ORGANIZATIONS IN SCOTLAND ARE CONVENED TOGETHER TO DISCUSS CHALLENGES AND OPPORTUNITIES THAT FACE THEIR MINISTRIES. THE GOAL OF THE CONVENINGS IS TO PROVIDE A PLACE FOR DIALOGUE AND LEARNING IN ORDER TO COOPERATIVELY LOOK AT SUPPORING THE CHURCH IN SCOTLAND AS IT ADAPTS TO CHANGING CONDITIONS IN THE NATIONAL CULTURE. THE VENUE ALSO INVITES FUNDERS IN COUNTRY INTERESTED IN THE SAME ISSUES. THE PROGRAM INCLUDES RESEARCH WHICH MAY BE PUBLISHED. THIS CONVENING PROGRAM HAS A VARIETY OF MODEST GRANT INITIATIVES ASSOCIATED WITH IT, PARTICULARLY THOSE PILOT GRANTS THAT TEST NEW APPROACHES AND STRATEGIES TO ACCELERATE CHURCH IMPACT. 73,904
    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
    23,597,714
    b
    Average of monthly cash balances.......................
    1b
    908,671
    c
    Fair market value of all other assets (see instructions)................
    1c
    28,938,390
    d
    Total (add lines 1a, b, and c).........................
    1d
    53,444,775
    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
    53,444,775
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    801,672
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    52,643,103
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,632,155
    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
    2,632,155
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    21,870
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    21,870
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,610,285
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,610,285
    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
    2,610,285
    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
    3,226,302
    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
    3,226,302
    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
    21,870
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,204,432
    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 2,610,285
    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......  
    b From 2014......  
    c From 2015......  
    d From 2016...... 893,313
    e From 2017......  
    fTotal of lines 3a through e........ 893,313
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 3,226,302
    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..... 2,610,285
    e Remaining amount distributed out of corpus 616,017
    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 1,509,330
    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) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		1,509,330
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016.... 893,313
    d Excess from 2017....  
    e Excess from 2018.... 616,017
    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:
    JAN PURDY
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN374022604
    (423) 755-3202
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS MUST BE SUBMITTED ONLINE AT WWW.MACLELLAN.NET WHERE INSTRUCTIONS ARE PROVIDED.
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    REFER TO WWW.MACLELLAN.NET FOR INFORMATION OR CALL GRANTS MANAGER AT (423) 755-3202
    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
    1040 CONNECTIONS INC
    PO BOX 1141
    HIXSON,TN37343     		NONE PUBLIC CHARITY HOLISTIC MINISTRY 2,000
    AAA WOMENS SERVICES INC
    6232 VANCE RD
    CHATTANOOGA,TN37421     		NONE PUBLIC CHARITY SOCIAL SERVICES 2,500
    AEGIS LAW ENFORCEMENT OF GREATER CHATTANOOGA INC
    PO BOX 28023
    CHATTANOOGA,TN37424     		NONE PUBLIC CHARITY COMMUNITY SERVICES 3,000
    AMERICAN BIBLE SOCIETY
    101 NORTH INDEPENDENCE MALL EAST
    FL8
    PHILADELPHIA,PA19106     		NONE PUBLIC CHARITY GENERAL CHARITABLE PROJECTS 250,000
    ARTSBUILD
    301 E 11TH STREET STE 300
    CHATTANOOGA,TN37403     		NONE PUBLIC CHARITY EDUCATION - ARTS 2,000
    BETHANY CHRISTIAN SERVICES INC
    901 EASTERN AVE NE
    GRAND RAPIDS,MI49503     		NONE PUBLIC CHARITY STRENGTHEN FAMILIES 25,000
    CALVARY CHAPEL CHATTANOOGA INC
    PO BOX 2127
    CHATTANOOGA,TN37409     		NONE PUBLIC CHARITY SPIRITUAL FORMATION 5,000
    CAMPUS CRUSADE FOR CHRIST INC
    100 LAKE HART DRIVE 2100
    ORLANDO,FL32832     		NONE PUBLIC CHARITY SPIRITUAL FORMATION 1,200
    CHILD EVANGELISM FELLOWSHIP INCORPORATED
    PO BOX 348
    WARRENTON,MO63383     		NONE PUBLIC CHARITY YOUTH DEVELOPMENT 1,000
    CHALMERS CENTER FOR ECONOMIC DEVELOPMENT AT COVENANT COLLEGE
    507 MCFARLAND ROAD SUITE B
    LOOKOUT MOUNTAIN,GA30750     		NONE PUBLIC CHARITY COMMUNITY SERVICES 50,000
    CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION (DBA THE GENEROSITY TRUST)
    345 FRAZIER AVE
    CHATTANOOGA,TN37405     		NONE PUBLIC CHARITY GENERAL CHARITABLE PROJECTS 1,154,860
    CHATTANOOGA CHRISTIAN SCHOOL INC
    3354 CHARGER DRIVE
    CHATTANOOGA,TN37409     		NONE PUBLIC CHARITY EDUCATION 6,500
    CHATTANOOGA EMPOWERMENT
    506 BLUE JAY RD
    CHATTANOOGA,TN37412     		NONE PUBLIC CHARITY STRENGTHEN FAMILIES 40,000
    CHATTANOOGA FC FOUNDATION
    PO BOX 4493
    CHATTANOOGA,TN37405     		NONE PUBLIC CHARITY HOLISTIC MINISTRY - YOUTH 5,000
    CHATTANOOGA GIRLS LEADERSHIP ACADEMY INC THE
    1802 BAILEY AVENUE
    CHATTANOOGA,TN37404     		NONE PUBLIC CHARITY EDUCATION 60,000
    CHATTANOOGA GOODWILL INDUSTRIES INC
    3500 DODDS AVE
    CHATTANOOGA,TN37407     		NONE PUBLIC CHARITY SOCIAL SERVICES 24,000
    CHATTANOOGA REGIONAL HOMELESS COALITION INC
    PO BOX 3690
    CHATTANOOGA,TN37404     		NONE PUBLIC CHARITY SOCIAL SERVICES 30,000
    CHATTANOOGA ROOM IN THE INN
    230 N HIGHLAND PARK AVENUE
    CHATTANOOGA,TN37404     		NONE PUBLIC CHARITY SOCIAL SERVICES 1,000
    CHATTANOOGA STATE COMMUNITY COLLEGE FOUNDATION
    4501 AMNICOLA HIGHWAY
    CHATTANOOGA,TN37406     		NONE PUBLIC CHARITY EDUCATION 1,000
    COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC
    1270 MARKET STREET
    CHATTANOOGA,TN37402     		NONE PUBLIC CHARITY GENERAL CHARITABLE PROJECTS 228,118
    CROSSWINDS FOUNDATION FOR FAITH AND CULTURE
    PO BOX 12143
    BIRMINGHAM,AL35202     		NONE PUBLIC CHARITY SOCIAL SERVICES - VETERANS 10,000
    DISCOVERY INSTITUTE FOR PUBLIC POLICY
    208 COLUMBIA STREET
    SEATTLE,WA98104     		NONE PUBLIC CHARITY EDUCATION 1,500
    ERLANGER HEALTH SYSTEM FOUNDATIONS
    975 EAST THIRD ST
    CHATTANOOGA,TN37403     		NONE PUBLIC CHARITY HEALTH SERVICES 5,000
    FELLOWSHIP OF CHRISTIANS IN UNIVERSITIES AND SCHOOLS
    PO BOX 1027
    NEW CANAAN,CT06840     		NONE PUBLIC CHARITY YOUTH LEADERSHIP FORMATION 2,000
    GIRLS PREPARATORY SCHOOL
    P O BOX 4736
    CHATTANOOGA,TN37405     		NONE PUBLIC CHARITY EDUCATION 7,000
    HABITAT FOR HUMANITY OF GREATER CHATTANOOGA AREA INC
    1201 EAST MAIN STREET
    CHATTANOOGA,TN37408     		NONE PUBLIC CHARITY STRENGTHEN FAMILIES 40,000
    HOPE FOR THE INNER CITY INC
    PO BOX 11584
    CHATTANOOGA,TN37401     		NONE PUBLIC CHARITY HOLISTIC MINISTRY 31,600
    HOPE INTERNATIONAL
    227 GRANITE RUN DRIVE SUITE 250
    LANCASTER,PA17601     		NONE PUBLIC CHARITY HOLISTIC FAMILY MINISTRIES 10,000
    INDEPENDENT YOUTH SERVICES FOUNDATION INC
    PO BOX 80751
    CHATTANOOGA,TN37414     		NONE PUBLIC CHARITY YOUTH DEVELOPMENT 1,000
    KING UNIVERSITY
    1350 KING COLLEGE ROAD
    BRISTOL,TN37620     		NONE PUBLIC CHARITY EDUCATION 250,000
    LAUNCH
    PO BOX 903
    CHATTANOOGA,TN37401     		NONE PUBLIC CHARITY LEADERSHIP DEVELOPMENT 30,000
    LOFTIS MIDDLE SCHOOL
    8611 COLUMBUS ROAD
    HIXSON,TN37343     		NONE PUBLIC CHARITY EDUCATION 1,500
    MCCALLIE SCHOOL INC THE
    500 DODDS AVENUE
    CHATTANOOGA,TN37404     		NONE PUBLIC CHARITY EDUCATION 3,000
    MEMORIAL HEALTH CARE SYSTEM FOUNDATION (SUBSIDIARY OF US CONFERENCE OF CATH
    2525 DE SALES AVENUE
    CHATTANOOGA,TN37404     		NONE PUBLIC CHARITY HEALTH SERVICES 2,600
    METANOIA MINISTRIES
    PO BOX 11092
    CHATTANOOGA,TN37401     		NONE PUBLIC CHARITY RESTORATION MINISTRY 2,500
    MOSE AND GARRISON SISKIN MEMORIAL FOUNDATION INC
    1101 CARTER STREET
    CHATTANOOGA,TN37402     		NONE PUBLIC CHARITY EDUCATION - YOUTH 25,000
    MUSEUM OF THE BIBLE
    7507 SW 44TH STREET
    OKLAHOMA CITY,OK73179     		NONE PUBLIC CHARITY EDUCATION 1,500
    ON POINT
    4509 HIXSON PIKE SUITE 1
    HIXSON,TN37343     		NONE PUBLIC CHARITY YOUTH DEVELOPMENT 50,000
    PCA MISSION TO NORTH AMERICA (SUBSIDIARY OF PRESBYTERIAN CHURCH IN AMERICA)
    1700 NO BROWN RD SUITE 101
    LAWRENCEVILLE,GA30043     		NONE PUBLIC CHARITY SPIRITUAL FORMATION 1,000
    PRISON FELLOWSHIP INTERNATIONAL
    PO BOX 17434
    WASHINGTON,DC20041     		NONE PUBLIC CHARITY RESTORATION MINISTRY 2,000
    PRISON PREVENTION MINISTRIES INC
    PO BOX 3026
    CHATTANOOGA,TN37404     		NONE PUBLIC CHARITY YOUTH DEVELOPMENT 42,500
    PUBLIC SCHOOL BIBLE STUDY COMMITTEE
    PO BOX 4228
    CHATTANOOGA,TN37405     		NONE PUBLIC CHARITY EDUCATION 8,400
    SCENIC CITY WOMENS NETWORK INC
    PO BOX 3148
    CHATTANOOGA,TN37404     		NONE PUBLIC CHARITY SPIRITUAL FORMATION 7,500
    SEE JESUS NET
    PO BOX 197
    TELFORD,PA18969     		NONE PUBLIC CHARITY YOUTH DEVELOPMENT 1,000
    SIGNAL MOUNTAIN CHRISTIAN SCHOOL INC
    808 KEY-HULSE ROAD
    SIGNAL MOUNTAIN,TN37377     		NONE PUBLIC CHARITY EDUCATION 2,000
    SODDY DAISY HIGH SCHOOL
    618 SEQUOYAH ACCESS ROAD
    SODDY DAISY,TN37379     		NONE PUBLIC CHARITY EDUCATION 1,500
    TECH TOWN FOUNDATION INC
    PO BOX 11008
    CHATTANOOGA,TN37401     		NONE PUBLIC CHARITY YOUTH DEVELOPMENT 15,000
    UGANDA CHILDRENS PROJECT INC
    PO BOX 23331
    CHATTANOOGA,TN37422     		NONE PUBLIC CHARITY HOLISTIC MINISTRY 1,125
    UNITED WAY OF GREATER CHATTANOOGA
    630 MARKET STREET PO BOX 4027
    CHATTANOOGA,TN37405     		NONE PUBLIC CHARITY GENERAL CHARITABLE PROJECTS 24,000
    YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN CHATTANOOGA
    301 WEST SIXTH STREET
    CHATTANOOGA,TN37402     		NONE PUBLIC CHARITY GENERAL CHARITABLE PROJECTS 60,000
    Total .................................bullet 3a 2,532,403
    bApproved for future payment
    BETHANY CHRISTIAN SERVICES INC
    901 EASTERN AVE NE
    GRAND RAPIDS,MI49503     		NONE PUBLIC CHARITY STRENGTHEN FAMILIES 25,000
    CHALMERS CENTER FOR ECONOMIC DEVELOPMENT AT COVENANT COLLEGE
    507 MCFARLAND RD STE B
    LOOKOUT MOUNTAIN,GA30750     		NONE PUBLIC CHARITY COMMUNITY SERVICES / TRAINING 75,000
    CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST
    345 FRAZIER AVE
    CHATTANOOGA,TN37405     		NONE PUBLIC CHARITY GENERAL CHARITABLE PROJECTS 20,000
    CHATTANOOGA EMPOWERMENT
    506 BLUE JAY RD
    CHATTANOOGA,TN37412     		NONE PUBLIC CHARITY STRENGTHEN FAMILIES 10,000
    COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC
    1270 MARKET ST
    CHATTANOOGA,TN37402     		NONE PUBLIC CHARITY GENERAL CHARITABLE PROJECTS 246,649
    CAMPUS CRUSADE FOR CHRIST INC
    100 LAKE HART DRIVE 2100
    ORLANDO,FL32832     		NONE PUBLIC CHARITY SPIRITUAL FORMATION 12,500
    GIRLS INCORPORATED OF CHATTANOOGA
    4505 BRAINERD RD STE 110
    CHATTANOOGA,TN37411     		NONE PUBLIC CHARITY YOUTH DEVELOPMENT 30,000
    HAMILTON COUNTY GOVERNMENT
    317 OAK STREET
    CHATTANOOGA,TN37403     		NONE PUBLIC CHARITY COMMUNITY SERVICES 40,000
    INTERVARSITY CHRISTIAN FELLOWSHIP-USA
    PO BOX 7895
    MADISON,WI53707     		NONE PUBLIC CHARITY YOUTH DEVELOPMENT 26,000
    KING UNIVERSITY
    1350 KING COLLEGE RD
    BRISTOL,TN37620     		NONE PUBLIC CHARITY EDUCATION 250,000
    SCENIC CITY WOMENS NETWORK INC
    PO BOX 3148
    CHATTANOOGA,TN37404     		NONE PUBLIC CHARITY SPIRITUAL FORMATION 7,500
    UNIVERSITY OF CHATTANOOGA FOUNDATION INC FOR THE UNIVERSITY OF TENNESSEE AT
    615 MCCALLIE AVENUE DEPT 8606
    CHATTANOOGA,TN37403     		NONE PUBLIC CHARITY EDUCATION 17,500
    Total .................................bullet 3b 760,149
    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 ...........     		    14 99  
    4 Dividends and interest from securities....     14 1,089,258 3,688
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 -21,586  
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 187,285  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990   18 1,683,109  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aUNRELATED BUSINESS INCOME     		525990 -79,321      
    bSECTION 965(A) INCOME INCLUSION         9,280
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -79,321 2,938,165 12,968
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,871,812
    (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.)
    4 TAX EXEMPT INCOME FROM PASSTHROUGH INVESTMENTS
    11 SECTION 965(A) INCOME INCLUSION FROM PASSTHROUGH INVESTMENTS
    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:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX PREPARATION FEE 21,107 5,277   15,831

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2018 DepreciationSchedule
    Name:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    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
    820 BROAD STREET - 4TH FLOOR CONDO 2012-12-27 458,748 63,732 SL 39.000000000000 11,763 0    
    RENOVATIONS 2013-02-11 26,878 2,756 SL 39.000000000000 689 0    
    FURNITURE 2013-01-16 7,871 5,822 200DB 7.000000000000 585 0    
    FURNITURE 2013-02-12 1,144 846 200DB 7.000000000000 85 0    
    FURNITURE 2013-03-13 771 570 200DB 7.000000000000 57 0    
    DELL OUTLET LAPTOP 2013-07-30 1,083 1,005 200DB 5.000000000000 18 0    
    CABINET 2015-11-03 1,500 1,131 200DB 7.000000000000 105 0    
    DELL OUTLET LAPTOP 2016-12-12 1,329 950 200DB 5.000000000000 152 0    

    TY 2018 GeneralExplanationAttachment
    Name:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    Identifier Return Reference Explanation
    INFORMATION ABOUT OFFICERS PART VIII, LINE 1 ROBERT L. & KATHRINA H. MACLELLAN FOUNDATION HAS NO EMPLOYEES BUT REIMBURSES THE MACLELLAN FOUNDATION, INC. FOR ITS SHARE OF DIRECT EMPLOYEE EXPENSES AS WELL AS ANY INCIDENTAL EXPENSES. SERVICES WHICH WERE GENERALLY PROVIDED BY ROBERT H. MACLELLAN, GINA S. PRESTO. JAN PURDY, AND CHARLES W. PHILLIPS WERE FOR VARYING PERCENTAGES OF TIMES. THE ONLY ABOVE MENTIONED PERSON WHO DEVOTES 100% OF HIS TIME TO ROBERT L. & KATHRINA H. MACLELLAN FOUNDATION IS ROBERT H. MACLELLAN WHO RECEIVES FROM THE MACLELLAN FOUNDATION, INC. AN ANNUAL SALARY OF $161,600 PLUS NORMAL MACLELLAN FOUNDATION, INC. BENEFITS.
    DONOR ADVISED FUNDS FORM 990-PF, PART VII-A, LINE 12 DISTRIBUTIONS TOTALING $1,154,860 WERE MADE IN 2018 TO A DONOR ADVISED FUND AT CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION (DBA THE GENEROSITY TRUST), EIN# 62-1536731. THE FOUNDATION RETAINED ADVISORY PRIVILEGES. CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION ("CCCF") IS A SECTION 509(A)(1) ORGANIZATION AS REFERRED TO IN SECTION 170(B)(1)(A)(VI). THE ENTIRE AMOUNT WAS TREATED AS A QUALIFYING DISTRIBUTION IN PART XV, LINE 3, CONTRIBUTIONS, GIFTS, GRANTS PAID. GRANTS TOTALING $1,208,555 WERE AWARDED AND DISTRIBUTED BY THIS DONOR ADVISED FUND IN 2018.THE DONOR-ADVISED FUND AGREEMENT INCLUDES THE FOLLOWING:"CCCF SHALL RECEIVE, REVIEW AND CONSIDER WRITTEN RECOMMENDATIONS FROM THE COMMITTEE CONCERNING GRANTS MADE FROM THE FUND AND ANY CONDITIONS WHICH SHOULD BE PLACED UPON SUCH GRANTS. THE FINAL DECISION CONCERNING SUCH MATTERS SHALL BE MADE BY THE BOARD OF DIRECTORS OF CCCF." "NO INCOME OR PRINCIPAL OF THE FUND SHALL BE USED FOR ANY PURPOSE OR PAID TO ANY BENEFICIARY IF SUCH USE OR PAYMENT WOULD NOT BE PERMITTED BY THE INTERNAL REVENUE CODE (THE "CODE") OR REGULATIONS THEREUNDER FOR AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE, TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE CODE."

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PERSHING 1383- CORPORATE BONDS 397,853 383,846

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PERSHING 6243- CORPORATE STOCK 2,268,266 2,820,926
    PERSHING 2178- CORPORATE STOCK 1,657,868 1,601,211
    PERSHING 1383- CORPORATE STOCK 136,038 450,970
    PERSHING 1300- CORPORATE STOCK 12,472,577 12,205,550
    PERSHING 1246- CORPORATE STOCK 2,936,344 435,643

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    US Government Securities - End of Year Book Value:

    497,439
    US Government Securities - End of Year Fair Market Value:

    541,031
    State & Local Government Securities - End of Year Book Value:


    175,973
    State & Local Government Securities - End of Year Fair Market Value:


    172,947


    TY 2018 InvestmentsOtherSchedule2
    Name:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    EXCELSIOR VENTURE PARTNER III LLC AT COST 391,071 391,071
    RESOLUTE CAPITAL FKA TENTH STREET FUND III LP AT COST 834,999 834,999
    RESOLUTE CAPITAL PARTNERS FUND IV AT COST 251,569 251,569
    HARLAN SPECIAL OPPORTUNITIES FUND III AT COST 1,065,018 1,065,018
    VALOR VENTURE FUND AT COST 787,406 787,406
    GTIS US RESIDENTIAL FUND AT COST 875,684 875,684
    MIDOCEAN TACTICAL FUND AT COST 605,508 605,508
    RENAISSANCE INSTITUTIONAL EQUITIES AT COST 2,090,096 2,090,096
    SIGNIA VENTURE PARTNERS III, LP AT COST 47,752 47,752
    DAVIDSON KEMPNER AT COST 1,931,172 1,931,172
    ARROWMARK QP FUND AT COST 1,588,971 1,920,270
    BLOOM TREE OFFSHORE FUND AT COST 1,250,000 1,425,756
    CEVIAN CAPITAL LTD AT COST 2,817,435 2,887,833
    ELLIOTT INTERNATIONAL AT COST 2,000,000 2,566,878
    GOLUB CAPITAL PARTNERS AT COST 1,158,676 1,750,000
    KLS DIVERSIFIED FUND AT COST 1,500,000 1,678,182
    NANOTRONICS SR C PREFERRED STOCK AT COST 24,953 815,753
    NANOTRONICS SR D PREFERRED STOCK2 AT COST 499,991 24,953
    PORTFOLIO ADV SECOND FUND III AT COST 637,246 832,594
    PRINCE STREET INSTITUTIONAL AT COST 2,300,000 2,164,675
    VALOR GYM PASS2 AT COST 100,000 100,000
    VALOR DICOMPLICA3 AT COST 100,000 100,000
    VALOR SONTRA4 AT COST 100,000 100,000
    VALOR PIPEFY AT COST 100,000 100,000
    VALOR CARGOX AT COST 98,855 10,000
    VALUE ACT CAPITAL INTERNATIONAL AT COST 3,000,000 3,081,896

    TY 2018 LandEtcSchedule2
    Name:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    820 BROAD STREET - 4TH FLOOR CONDO 458,748 75,495 383,253 383,253
    RENOVATIONS 26,878 3,445 23,433 23,433
    FURNITURE 7,871 6,407 1,464 1,464
    FURNITURE 1,144 931 213 213
    FURNITURE 771 627 144 144
    DELL OUTLET LAPTOP 1,083 1,023 60 60
    CABINET 1,500 1,236 264 264
    DELL OUTLET LAPTOP 1,329 1,102 227 227


    TY 2018 OtherExpensesSchedule
    Name:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 6,224 622   5,602
    TECHNOLOGY FEES 36,151 3,615   32,536
    SUPPLIES 964 96   868
    GRANT EXPENSES CONVENING SCOTLAND 73,904 0   73,904
    GENERAL GRANT EXPENSES 27,988 0   27,988
    TRUSTEE EXPENSES 1,039 0   1,039
    NONDEDUCTIBLE EXPENSES 179,535 0   0
    POSTAGE 214 0   214
    BANK FEES 1,247 1,247   0
    GUEST EXPENSE 501 0   501
    PARTNERSHIP PORTFOLIO DEDUCTIONS 2% 8,736 8,736   0
    PARTNERSHIP EXPENSES 383,969 383,969   0
    PASSTHROUGH DEDUCTION UNDER SECTION 965(C) 3,687 3,687   0
    PARTNERSHIP RENTAL LOSSES 21,586 21,586   0


    TY 2018 OtherIncomeSchedule2
    Name:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    ORDINARY INCOME THROUGH PARTNERSHIPS 54,593 54,593 54,593
    ROYALTY INCOME THROUGH PARTNERSHIPS - SCH ATTACHED 86,404 86,404 86,404
    OTHER PORTFOLIO INCOME THROUGH PARTNERSHIPS 484 484 484
    OTHER INCOME THROUGH PARTNERSHIPS - SCH ATTACHED 45,804 45,804 45,804
    UNRELATED BUSINESS INCOME -79,321   -79,321
    SECTION 965(A) INCOME INCLUSION 9,280 9,280 9,280


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 249,241 249,241   0


    TY 2018 TaxesSchedule
    Name:
    ROBERT L & KATHRINA H MACLELLAN
     
    FOUNDATION
    EIN:
    23-7159802
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD ON DIVIDENDS 18,776 18,776   0
    EXCISE TAX PAYMENTS 80,012 0   0