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 07-01-2018 , and ending 06-30-2019
Name of foundation
HUGH AND CHARLOTTE MACLELLAN
CHARITABLE TRUST
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, TN37402
A Employer identification number

62-6268981
B Telephone number (see instructions)

(423) 755-8142
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$24,927,378J 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 1,162 1,162  
4 Dividends and interest from securities... 392,325 392,325  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 2,775,042
b Gross sales price for all assets on line 6a 7,829,558
7 Capital gain net income (from Part IV, line 2)... 2,748,279
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 282,655 311,741  
12 Total. Add lines 1 through 11........ 3,451,184 3,453,507  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 12,370 6,185   6,185
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 18,581 16,176   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 383,725 353,793   29,195
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 414,676 376,154   35,380
25 Contributions, gifts, grants paid....... 1,998,500 1,998,500
26 Total expenses and disbursements. Add lines 24 and 25 2,413,176 376,154   2,033,880
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,038,008
b Net investment income (if negative, enter -0-) 3,077,353
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............. 421,745 149,738 149,738
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
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)      
b Investments—corporate stock (attach schedule)....... 10,716,432 Click to see attachment9,866,890 11,115,486
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 10,529,703 Click to see attachment12,312,393 13,285,287
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment376,867 Click to see attachment376,867
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,667,880 22,705,888 24,927,378
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.................. 21,667,880 22,705,888
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........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 21,667,880 22,705,888
31 Total liabilities and net assets/fund balances (see instructions). 21,667,880 22,705,888
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
21,667,880
2
Enter amount from Part I, line 27a .....................
2
1,038,008
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
22,705,888
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
22,705,888
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 STERIS PLC   1950-01-01 2019-05-14
b PERNOD RICARD SA OTC   2014-10-30 2019-06-24
c CIE FINANCIERE RICHMONT SA OTC   2014-10-30 2019-06-24
d DIAGEO PLC OTC   2014-10-30 2019-06-24
e HEINEKEN HOLDING NV OTC   2014-10-30 2019-06-24
MARTIN MARIETTA MATERIALS   2014-10-30 2019-06-21
WELLS FARGO & CO NEW   2014-10-30 2019-06-21
BERKSHIRE HATHAWAY INC B   2014-10-30 2019-06-21
BROWN-FORMAN CORP   2014-10-30 2019-06-21
NESTLE SA   2014-10-30 2019-06-21
MASTERCARD INC   2014-10-30 2019-06-21
PHILIP MORRIS INTL   2014-10-30 2019-06-21
MASTERCARD INC   2014-10-30 2019-06-13
MARTIN MARIETTA MATERIALS   2014-10-30 2019-06-11
WELLS FARGO & CO NEW   2014-10-30 2019-06-11
BROWN-FORMAN CORP   2014-10-30 2019-06-11
PERNOD RICARD SA OTC   2014-10-30 2019-06-11
CIE FINANCIERE RICHMONT SA OTC   2014-10-30 2019-06-11
DIAGEO PLC OTC   2014-10-30 2019-06-11
MASTERCARD INC   2014-10-30 2019-06-11
HEINEKEN HOLDING NV OTC   2014-10-30 2019-06-11
MARTIN MARIETTA MATERIALS   2014-10-30 2019-04-30
WELLS FARGO & CO NEW   2014-10-30 2019-04-30
BROWN-FORMAN CORP   2014-10-30 2019-04-30
BROWN FORMAN CORP CL B   2014-10-30 2019-04-30
DIAGEO PLC OTC   2014-10-30 2019-04-30
MASTERCARD INC   2014-10-30 2019-04-30
PHILIP MORRIS INTL   2014-10-30 2019-04-30
HEINEKEN HOLDING NV OTC   2014-10-30 2019-04-30
COMCAST CORP CL A   2014-10-31 2019-06-21
MARTIN MARIETTA MATERIALS   2014-10-31 2019-04-30
BROWN-FORMAN CORP   2014-10-31 2019-04-30
BROWN FORMAN CORP CL B   2014-10-31 2019-04-30
DIAGEO PLC OTC   2014-10-31 2019-04-30
DIAGEO PLC OTC   2014-10-31 2019-04-05
DIAGEO PLC OTC   2014-10-31 2019-03-29
HEINEKEN HOLDING NV OTC   2014-11-21 2019-04-30
BROWN FORMAN CORP CL B   2014-12-24 2019-04-30
UNILEVER NV NY   2015-01-15 2019-06-21
BERKSHIRE HATHAWAY INC B   2015-01-15 2019-06-21
COMCAST CORP CL A   2015-01-15 2019-06-21
UNILEVER NV NY   2015-01-15 2019-06-11
BERKSHIRE HATHAWAY INC B   2015-01-15 2019-06-11
COMCAST CORP CL A   2015-01-15 2019-06-11
NESTLE SA   2015-01-15 2019-06-11
UNILEVER NV NY   2015-01-15 2019-04-30
BERKSHIRE HATHAWAY INC B   2015-01-15 2019-04-30
COMCAST CORP CL A   2015-01-15 2019-04-30
BROWN FORMAN CORP CL B   2015-01-15 2019-04-30
NESTLE SA   2015-01-15 2019-04-30
MASTERCARD INC   2015-01-15 2019-04-30
PERNOD RICARD SA OTC   2015-01-16 2019-06-11
CIE FINANCIERE RICHMONT SA OTC   2015-01-16 2019-06-11
PERNOD RICARD SA OTC   2015-01-16 2019-04-30
CIE FINANCIERE RICHMONT SA OTC   2015-01-16 2019-04-30
BRITISH AMERICAN TOBACCO PLC OTC   2015-01-16 2018-09-18
BRITISH AMERICAN TOBACCO PLC OTC   2015-01-16 2018-08-30
BRITISH AMERICAN TOBACCO PLC OTC   2015-01-16 2018-07-26
BRITISH AMERICAN TOBACCO PLC OTC   2015-01-16 2018-07-03
ALTRIA GROUP INC   2015-01-23 2019-06-21
ALTRIA GROUP INC   2015-01-23 2019-06-11
CIE FINANCIERE RICHMONT SA OTC   2015-01-23 2019-06-11
UNILEVER NV NY   2015-01-23 2019-04-30
BERKSHIRE HATHAWAY INC B   2015-01-23 2019-04-30
BROWN FORMAN CORP CL B   2015-01-23 2019-04-30
NESTLE SA   2015-01-23 2019-04-30
PERNOD RICARD SA OTC   2015-01-23 2019-04-30
MASTERCARD INC   2015-01-23 2019-04-30
HEINEKEN HOLDING NV OTC   2015-01-23 2019-04-30
ANHEUSER-BUSCH INBEV SA/NV   2015-01-23 2019-04-30
MASTERCARD INC   2015-01-23 2019-04-04
DIAGEO PLC OTC   2015-01-23 2019-03-29
MASTERCARD INC   2015-01-23 2019-01-18
PERNOD RICARD SA OTC   2015-02-13 2019-04-30
NESTLE SA   2015-02-19 2019-06-21
NESTLE SA   2015-02-19 2019-06-11
PERNOD RICARD SA OTC   2015-02-20 2019-04-30
JC DECAUX SA OTC   2015-06-16 2019-04-30
JC DECAUX SA OTC   2015-07-09 2019-04-30
PERNOD RICARD SA OTC   2015-07-14 2019-04-30
PERNOD RICARD SA OTC   2015-07-14 2019-04-30
ANHEUSER-BUSCH INBEV SA/NV   2015-10-14 2019-06-24
ANHEUSER-BUSCH INBEV SA/NV   2015-10-14 2019-06-11
ANHEUSER-BUSCH INBEV SA/NV   2015-10-19 2019-06-11
ANHEUSER-BUSCH INBEV SA/NV   2015-10-27 2019-06-11
ANHEUSER-BUSCH INBEV SA/NV   2015-10-27 2019-04-30
JC DECAUX SA OTC   2015-10-29 2019-04-30
ANHEUSER-BUSCH INBEV SA/NV   2015-10-30 2019-04-30
ANHEUSER-BUSCH INBEV SA/NV   2015-11-05 2019-04-30
JC DECAUX SA OTC   2015-11-10 2019-06-24
JC DECAUX SA OTC   2015-11-10 2019-04-30
ANHEUSER-BUSCH INBEV SA/NV   2015-11-11 2019-04-30
ANHEUSER-BUSCH INBEV SA/NV   2015-12-16 2019-04-30
ANHEUSER-BUSCH INBEV SA/NV   2016-09-26 2019-04-30
UNILEVER NV NY   2016-12-12 2019-04-30
ISHARES RUSSELL 2000 VALUE ETF   2017-01-11 2019-06-21
ISHARES RUSSELL 2000 VALUE ETF   2017-01-11 2019-05-14
ISHARES RUSSELL 1000 GROWTH ET   2017-01-11 2019-05-14
ISHARES RUSSELL 2000 VALUE ETF   2017-01-11 2019-02-15
ISHARES RUSSELL 2000 VALUE ETF   2017-01-11 2018-12-10
ISHARES TR RUSSELL 1   2017-01-11 2019-05-30
HEINEKEN HOLDING NV OTC   2017-01-26 2019-04-30
ISHARES RUSSELL 2000 GROWTH ET   2017-02-01 2018-09-21
ISHARES RUSSELL 1000 GROWTH ET   2017-03-29 2019-05-14
ISHARES RUSSELL 2000 GROWTH ET   2017-03-29 2018-09-21
ISHARES RUSSELL 1000 GROWTH ET   2017-04-05 2019-05-14
ISHARES RUSSELL 2000 GROWTH ET   2017-04-05 2018-12-10
ISHARES RUSSELL 2000 GROWTH ET   2017-04-05 2018-09-21
MASTERCARD INC   2017-04-13 2019-01-18
MASTERCARD INC   2017-04-13 2018-08-15
NESTLE SA   2017-04-18 2019-06-11
ISHARES RUSSELL 2000 GROWTH ET   2017-05-10 2019-03-26
ISHARES RUSSELL 2000 GROWTH ET   2017-05-10 2019-02-15
ISHARES RUSSELL 2000 GROWTH ET   2017-05-10 2019-01-08
ISHARES RUSSELL 2000 GROWTH ET   2017-05-10 2018-12-10
ISHARES RUSSELL 1000 GROWTH ET   2017-07-11 2019-05-14
ISHARES RUSSELL 2000 GROWTH ET   2017-07-11 2019-03-26
ALTRIA GROUP INC   2017-08-01 2019-06-11
ALTRIA GROUP INC   2017-08-01 2019-04-30
MARTIN MARIETTA MATERIALS   2017-08-02 2019-04-30
MARTIN MARIETTA MATERIALS   2017-08-04 2019-04-30
ISHARES RUSSELL 1000 GROWTH ET   2017-09-28 2019-05-14
ISHARES RUSSELL 2000 GROWTH ET   2017-09-28 2019-03-26
ANHEUSER-BUSCH INBEV SA/NV   2017-10-06 2019-04-30
SWATCH GROUP AG/THE OTC   2017-10-25 2019-06-24
ISHARES RUSSELL 2000 GROWTH ET   2017-12-26 2019-05-14
ISHARES RUSSELL 1000 GROWTH ET   2017-12-26 2019-05-14
ISHARES RUSSELL 2000 GROWTH ET   2017-12-26 2019-03-26
ANHEUSER-BUSCH INBEV SA/NV   2018-01-05 2019-06-24
RYANAIR HOLDINGS PLC   2018-01-23 2019-06-03
CORE LABORATORIES NV   2018-01-23 2019-05-24
ACCENTURE PLC   2018-01-23 2019-05-14
AIA GROUP LTD OTC   2018-01-23 2019-05-14
ATLAS COPCO AB   2018-01-23 2019-05-14
CANADIAN PACIFIC RAILWAY LTD   2018-01-23 2019-05-14
CHR HANSEN HOLDING A/S   2018-01-23 2019-05-14
CHUBB LTD   2018-01-23 2019-05-14
COMPASS GROUP PLC ADR   2018-01-23 2019-05-14
CSL LTD   2018-01-23 2019-05-14
DSV A/S   2018-01-23 2019-05-14
ESSILORLUXOTTICA SA ADR   2018-01-23 2019-05-14
EXPERIAN PLC   2018-01-23 2019-05-14
HDFC BK LTD ADR   2018-01-23 2019-05-14
ICON PLC ADR   2018-01-23 2019-05-14
LVMH MOET HENNESSY LOU-ADR   2018-01-23 2019-05-14
NESTLE SA   2018-01-23 2019-05-14
TAIWAN SEMICONDUCTOR MFG CO   2018-01-23 2019-05-14
TENCENT HOLDINGS LTD UNSPON ADR   2018-01-23 2019-05-14
WAL-MART DE MEXICO SA ADR   2018-01-23 2019-05-14
INDUSTRIA DE DISENO TEXTIL SA   2018-01-23 2019-05-03
ACCENTURE PLC   2018-01-23 2019-03-26
ADIDAS AG   2018-01-23 2019-03-26
AIA GROUP LTD OTC   2018-01-23 2019-03-26
ATLAS COPCO AB   2018-01-23 2019-03-26
CANADIAN PACIFIC RAILWAY LTD   2018-01-23 2019-03-26
CHR HANSEN HOLDING A/S   2018-01-23 2019-03-26
CHUBB LTD   2018-01-23 2019-03-26
COMPASS GROUP PLC ADR   2018-01-23 2019-03-26
CORE LABORATORIES NV   2018-01-23 2019-03-26
CSL LTD   2018-01-23 2019-03-26
DSV A/S   2018-01-23 2019-03-26
EXPERIAN PLC   2018-01-23 2019-03-26
HDFC BK LTD ADR   2018-01-23 2019-03-26
ICON PLC ADR   2018-01-23 2019-03-26
INDUSTRIA DE DISENO TEXTIL SA   2018-01-23 2019-03-26
LVMH MOET HENNESSY LOU-ADR   2018-01-23 2019-03-26
NESTLE SA   2018-01-23 2019-03-26
PERNOD RICARD SA ADR   2018-01-23 2019-03-26
RYANAIR HOLDINGS PLC   2018-01-23 2019-03-26
TAIWAN SEMICONDUCTOR MFG CO   2018-01-23 2019-03-26
TENCENT HOLDINGS LTD UNSPON ADR   2018-01-23 2019-03-26
WAL-MART DE MEXICO SA ADR   2018-01-23 2019-03-26
ICON PLC ADR   2018-01-23 2019-03-19
CORE LABORATORIES NV   2018-01-23 2019-02-14
PHILIP MORRIS INTL   2018-01-31 2019-04-30
ISHARES RUSSELL 2000 GROWTH ET   2018-02-05 2019-06-21
ISHARES RUSSELL 2000 GROWTH ET   2018-02-05 2019-05-14
RYANAIR HOLDINGS PLC   2018-02-07 2019-06-03
CORE LABORATORIES NV   2018-02-07 2019-05-24
ICON PLC ADR   2018-02-07 2019-05-14
TENCENT HOLDINGS LTD UNSPON ADR   2018-02-07 2019-05-14
INDUSTRIA DE DISENO TEXTIL SA   2018-02-07 2019-05-03
HEXAGON AB   2018-02-14 2019-02-15
UNILEVER NV NY   2018-03-02 2019-04-30
PHILIP MORRIS INTL   2018-03-20 2019-04-30
ISHARES RUSSELL 1000 GROWTH ET   2018-03-26 2019-05-14
ADIDAS AG   2018-04-03 2019-05-14
PERNOD RICARD SA ADR   2018-04-18 2019-05-14
SHOPIFY INC   2018-04-24 2019-05-14
SHOPIFY INC   2018-04-24 2019-04-25
AMADEUS IT HOLDING SA   2018-05-10 2019-05-14
CUSHING MLP INFST FUND   2018-05-24 2019-06-11
CUSHING MLP INFST FUND - BASIS ADJUSTMENT     2019-06-30
SYSMEX CORP   2018-01-23 2018-12-27
LUXOTTICA GP ADR (DEL 3/25/2019)   2018-01-23 2018-11-16
TAIWAN SEMICONDUCTOR MFG CO   2018-01-23 2018-11-15
ACCENTURE PLC   2018-01-23 2018-11-15
CANADIAN PACIFIC RAILWAY LTD   2018-01-23 2018-11-15
EXPERIAN PLC   2018-01-23 2018-11-15
AIA GROUP LTD OTC   2018-01-23 2018-11-15
CSL LTD   2018-01-23 2018-11-15
DSV A/S   2018-01-23 2018-11-15
FERRARI NV   2018-01-23 2018-08-03
HERMES INTERNATIONAL   2018-01-23 2018-07-05
SYSMEX CORP   2018-02-07 2018-12-27
LUXOTTICA GP ADR (DEL 3/25/2019)   2018-02-07 2018-11-16
FERRARI NV   2018-02-07 2018-08-03
HERMES INTERNATIONAL   2018-02-07 2018-07-05
HEXAGON AB   2018-04-09 2019-02-15
FANUC LTD   2018-04-09 2018-11-26
SHOPIFY INC   2018-04-24 2019-03-26
ANHEUSER-BUSCH INBEV SA/NV   2018-05-04 2019-04-30
AMADEUS IT HOLDING SA   2018-05-10 2019-03-26
CUSHING MLP INFST FUND   2018-05-24 2019-03-26
ANHEUSER-BUSCH INBEV SA/NV   2018-06-12 2019-04-30
METTLER TOLEDO INTL INC   2018-06-27 2019-05-14
WELLS FARGO & CO NEW   2018-07-03 2019-04-30
ISHARES RUSSELL 1000 GROWTH ET   2018-07-06 2019-05-14
WELLS FARGO & CO NEW   2018-07-06 2019-04-30
SWATCH GROUP AG/THE OTC   2018-07-20 2019-04-30
WELLS FARGO & CO NEW   2018-08-03 2019-04-30
CIE FINANCIERE RICHMONT SA OTC   2018-08-06 2019-04-30
SWATCH GROUP AG/THE OTC   2018-08-06 2019-04-30
STERIS PLC   2018-08-08 2019-03-26
HEXAGON AB   2018-08-23 2019-02-15
METTLER TOLEDO INTL INC   2018-09-13 2019-05-14
METTLER TOLEDO INTL INC   2018-09-13 2019-03-26
ISHARES RUSSELL 1000 GROWTH ET   2018-09-28 2019-05-14
SWATCH GROUP AG/THE OTC   2018-10-11 2019-06-24
SWATCH GROUP AG/THE OTC   2018-10-11 2019-04-30
WELLS FARGO & CO NEW   2018-10-16 2019-04-30
ESSILORLUXOTTICA SA ADR   2018-11-16 2019-05-14
ESSILORLUXOTTICA SA ADR   2018-11-16 2019-03-26
ASML HLDG NV   2018-11-26 2019-05-14
GEBERIT AG   2018-12-18 2019-05-14
GEBERIT AG   2018-12-18 2019-03-26
ISHARES RUSSELL 1000 GROWTH ET   2018-12-19 2019-05-14
RESMED INC   2019-01-02 2019-05-14
RESMED INC   2019-01-02 2019-03-26
ISHARES RUSSELL 1000 GROWTH ET   2019-01-04 2019-05-14
ASML HLDG NV   2019-02-15 2019-05-14
ASML HLDG NV   2019-02-15 2019-03-26
ISHARES RUSSELL 1000 GROWTH ET   2019-03-22 2019-05-14
ISHARES RUSSELL 1000 GROWTH ET   2019-03-26 2019-05-14
ALCON INC   2019-04-25 2019-05-14
SHORT-TERM CAPITAL GAINS FROM PARTNERSHIPS P   2019-06-30
LONG-TERM CAPITAL GAINS FROM PARTNERSHIPS P   2019-06-30
SEC. 1231 GAIN FROM PARTNERSHIPS P   2019-06-30
SEC. 1256 LOSS FROM PARTNERSHIPS P   2019-06-30
CONATUS CAPITAL PARTNERS II LP P   2019-06-30
KW DISCOVERY, LLC P   2019-06-30
RIVER V, L.P. - BASIS RECOVERY P   2019-06-30
MILLENIUM SALE P   2019-06-30
NXTHERA     2019-06-30
(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 6,950   5,993 957
b 3,715   2,265 1,450
c 3,811   3,729 82
d 1,088   728 360
e 4,223   2,590 1,633
1,131   576 555
3,002   3,394 -392
5,177   3,483 1,694
1,090   663 427
4,669   3,261 1,408
5,329   1,634 3,695
3,479   3,927 -448
2,617   817 1,800
2,242   1,151 1,091
2,308   2,611 -303
3,897   2,321 1,576
5,395   3,398 1,997
4,816   4,972 -156
2,271   1,602 669
15,736   4,902 10,834
8,776   5,504 3,272
6,228   3,223 3,005
385   418 -33
1,298   829 469
2,648   2,298 350
9,223   6,407 2,816
14,029   4,493 9,536
19,490   20,072 -582
21,202   13,597 7,605
436   275 161
5,561   2,914 2,647
4,671   3,062 1,609
1,165   1,037 128
4,612   3,248 1,364
3,031   2,215 816
1,220   886 334
1,514   998 516
1,192   1,030 162
3,074   2,006 1,068
1,035   739 296
654   417 237
7,369   4,815 2,554
6,204   4,437 1,767
619   417 202
7,633   5,787 1,846
17,173   11,436 5,737
55,037   37,713 17,324
12,536   8,061 4,475
2,913   2,522 391
45,719   36,651 9,068
82,898   26,902 55,996
4,496   2,936 1,560
2,809   3,027 -218
30,330   20,554 9,776
19,337   22,922 -3,585
2,829   3,277 -448
2,949   3,277 -328
2,191   2,185 6
1,029   1,092 -63
1,447   1,632 -185
520   544 -24
6,020   6,345 -325
6,026   4,159 1,867
12,950   8,977 3,973
3,310   2,322 988
8,662   6,999 1,663
5,199   3,618 1,581
14,539   4,816 9,723
7,572   4,905 2,667
2,201   3,009 -808
3,533   1,267 2,266
3,050   2,229 821
605   253 352
867   596 271
519   380 139
5,597   4,178 1,419
3,466   2,359 1,107
1,638   2,092 -454
2,130   2,787 -657
1,733   1,203 530
1,733   1,203 530
2,704   3,468 -764
859   1,156 -297
1,718   2,323 -605
1,718   2,351 -633
440   588 -148
2,457   3,045 -588
2,201   3,001 -800
2,201   3,003 -802
905   1,173 -268
1,474   1,759 -285
4,402   6,075 -1,673
1,321   1,865 -544
440   656 -216
3,615   2,414 1,201
10,025   10,008 17
200,107   197,531 2,576
578,160   406,804 171,356
170,114   163,577 6,537
150,023   154,032 -4,009
243,984   227,566 16,418
6,563   4,576 1,987
55,090   39,821 15,269
4,146   3,086 1,060
1,955   1,446 509
268,600   200,044 68,556
149,738 0 131,931 17,807
93,102   68,087 25,015
1,815   1,003 812
4,200   2,339 1,861
1,527   1,144 383
34,352   29,320 5,032
170,040   142,749 27,291
250,181   235,320 14,861
100,408   92,729 7,679
4,174   3,267 907
3,863   3,354 509
781   986 -205
3,504   4,273 -769
2,224   2,157 67
2,224   2,135 89
2,513   2,047 466
1,702   1,558 144
1,321   1,831 -510
1,396   2,025 -629
2,169   2,085 84
2,269   2,009 260
247   238 9
451   575 -124
4,413   8,311 -3,898
1,217   2,896 -1,679
12,564   11,595 969
14,623   12,938 1,685
7,296   9,092 -1,796
12,757   10,691 2,066
9,426   7,841 1,585
11,142   11,800 -658
9,786   9,679 107
13,262   11,321 1,941
11,952   10,909 1,043
1,767   2,028 -261
14,282   11,554 2,728
11,326   10,424 902
3,131   2,626 505
11,866   9,536 2,330
11,502   10,360 1,142
11,292   12,451 -1,159
11,333   14,582 -3,249
7,316   6,658 658
3,946   4,830 -884
6,326   6,120 206
6,511   6,166 345
7,649   6,813 836
4,682   6,251 -1,569
6,647   6,083 564
6,187   5,385 802
7,116   7,969 -853
7,091   6,659 432
1,550   2,775 -1,225
7,356   6,250 1,106
5,781   5,718 63
7,419   6,378 1,041
7,557   7,092 465
2,824   2,398 426
1,939   2,344 -405
7,823   6,518 1,305
7,741   7,052 689
6,243   5,646 597
2,312   3,970 -1,658
5,633   6,480 -847
7,102   9,661 -2,559
4,753   4,531 222
10,843   9,136 1,707
5,318   9,774 -4,456
847   1,073 -226
30,173   28,704 1,469
72,990   71,257 1,733
4,610   8,226 -3,616
4,564   9,990 -5,426
2,042   1,606 436
944   1,072 -128
4,107   4,574 -467
18,040   21,887 -3,847
6,628   5,755 873
424   502 -78
2,536   2,267 269
11,088   8,993 2,095
8,924   8,248 676
13,086   6,500 6,586
8,480   4,875 3,605
8,676   8,651 25
49,985   55,502 -5,517
    30,597 -30,597
5,531   6,482 -951
10,479   10,875 -396
1,721   2,083 -362
1,617   1,610 7
1,458   1,290 168
1,586   1,548 38
1,922   2,030 -108
1,538   1,356 182
1,705   1,744 -39
13,889   9,669 4,220
14,663   13,363 1,300
3,874   9,820 -5,946
7,415   7,342 73
9,760   13,060 -3,300
10,240   9,033 1,207
8,439   9,843 -1,404
20,860   29,646 -8,786
8,948   5,500 3,448
1,761   1,952 -191
3,840   3,794 46
369,985   397,683 -27,698
2,201   2,405 -204
5,045   3,967 1,078
4,095   4,771 -676
2,546   2,422 124
4,576   5,317 -741
1,529   2,409 -880
482   588 -106
3,284   3,924 -640
1,529   2,222 -693
4,175   3,844 331
8,186   9,492 -1,306
6,487   5,101 1,386
7,143   5,668 1,475
2,421   2,476 -55
1,117   1,368 -251
917   1,026 -109
1,204   1,341 -137
8,043   9,040 -997
5,375   6,784 -1,409
4,560   3,846 714
6,306   5,436 870
3,533   3,307 226
2,425   2,114 311
9,213   9,231 -18
4,903   5,404 -501
168   142 26
4,560   3,846 714
5,030   4,515 515
2,457   2,451 6
478,273   470,145 8,128
10,035   9,718 317
    427,144 -427,144
681,287     681,287
1,589,498     1,589,498
1     1
59,853   84,944 -25,091
23,314   210,227 -186,913
6,752     6,752
569,939     569,939
28,666     28,666
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       957
b       1,450
c       82
d       360
e       1,633
      555
      -392
      1,694
      427
      1,408
      3,695
      -448
      1,800
      1,091
      -303
      1,576
      1,997
      -156
      669
      10,834
      3,272
      3,005
      -33
      469
      350
      2,816
      9,536
      -582
      7,605
      161
      2,647
      1,609
      128
      1,364
      816
      334
      516
      162
      1,068
      296
      237
      2,554
      1,767
      202
      1,846
      5,737
      17,324
      4,475
      391
      9,068
      55,996
      1,560
      -218
      9,776
      -3,585
      -448
      -328
      6
      -63
      -185
      -24
      -325
      1,867
      3,973
      988
      1,663
      1,581
      9,723
      2,667
      -808
      2,266
      821
      352
      271
      139
      1,419
      1,107
      -454
      -657
      530
      530
      -764
      -297
      -605
      -633
      -148
      -588
      -800
      -802
      -268
      -285
      -1,673
      -544
      -216
      1,201
      17
      2,576
      171,356
      6,537
      -4,009
      16,418
      1,987
      15,269
      1,060
      509
      68,556
      17,807
      25,015
      812
      1,861
      383
      5,032
      27,291
      14,861
      7,679
      907
      509
      -205
      -769
      67
      89
      466
      144
      -510
      -629
      84
      260
      9
      -124
      -3,898
      -1,679
      969
      1,685
      -1,796
      2,066
      1,585
      -658
      107
      1,941
      1,043
      -261
      2,728
      902
      505
      2,330
      1,142
      -1,159
      -3,249
      658
      -884
      206
      345
      836
      -1,569
      564
      802
      -853
      432
      -1,225
      1,106
      63
      1,041
      465
      426
      -405
      1,305
      689
      597
      -1,658
      -847
      -2,559
      222
      1,707
      -4,456
      -226
      1,469
      1,733
      -3,616
      -5,426
      436
      -128
      -467
      -3,847
      873
      -78
      269
      2,095
      676
      6,586
      3,605
      25
      -5,517
      -30,597
      -951
      -396
      -362
      7
      168
      38
      -108
      182
      -39
      4,220
      1,300
      -5,946
      73
      -3,300
      1,207
      -1,404
      -8,786
      3,448
      -191
      46
      -27,698
      -204
      1,078
      -676
      124
      -741
      -880
      -106
      -640
      -693
      331
      -1,306
      1,386
      1,475
      -55
      -251
      -109
      -137
      -997
      -1,409
      714
      870
      226
      311
      -18
      -501
      26
      714
      515
      6
      8,128
      317
      -427,144
      681,287
      1,589,498
      1
      -25,091
      -186,913
      6,752
      569,939
      28,666
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 2,748,279
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 1,643,226 23,919,932 0.068697
2016 1,410,450 22,735,637 0.062037
2015 1,201,004 23,060,590 0.052080
2014 1,091,747 22,725,783 0.048040
2013 998,610 21,228,311 0.047041
2
Total of line 1, column (d) .....................
2
0.277895
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
0.055579
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
25,348,744
5
Multiply line 4 by line 3......................
5
1,408,858
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
30,774
7
Add lines 5 and 6........................
7
1,439,632
8
Enter qualifying distributions from Part XII, line 4,.............
8
2,033,880
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 30,774
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 30,774
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 30,774
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 9,720
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,720
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 745
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 21,799
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, AZ, CA, IL, IN
    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 addressbulletN/A
    14
    The books are in care ofbulletHUGH O MACLELLAN JR Telephone no.bullet (423) 755-8141

    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
     
     
    ........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
    HUGH O MACLELLAN JR SECRETARY & TREASURER
    0.50     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    CHRISTOPHER H MACLELLAN VICE PRESIDENT
    3.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    DANIEL O MACLELLAN VICE PRESIDENT
    5.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    CATHERINE M HEALD PRESIDENT
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    ELIZABETH M LINDQUIST VICE PRESIDENT
    0.50     		0 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  
    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
    8,110,382
    b
    Average of monthly cash balances.......................
    1b
    718,554
    c
    Fair market value of all other assets (see instructions)................
    1c
    16,905,829
    d
    Total (add lines 1a, b, and c).........................
    1d
    25,734,765
    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
    25,734,765
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    386,021
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    25,348,744
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,267,437
    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
    1,267,437
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    30,774
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    30,774
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,236,663
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,236,663
    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
    1,236,663
    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
    2,033,880
    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
    2,033,880
    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
    30,774
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    2,003,106
    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 1,236,663
    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......  
    e From 2017...... 404,442
    fTotal of lines 3a through e........ 404,442
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 2,033,880
    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..... 1,236,663
    e Remaining amount distributed out of corpus 797,217
    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 1,201,659
    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 ......     		1,201,659
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017.... 404,442
    e Excess from 2018.... 797,217
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    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
    BAYLOR SCHOOL
    171 BAYLOR SCHOOL ROAD
    CHATTANOOGA,TN37405     		NONE 501(C)(3) EDUCATION 5,000
    BETHANY CHRISTIAN SERVICES INC
    930 MCCALLIE AVENUE
    CHATTANOOGA,TN37403     		NONE 501(C)(3) STRENGTHEN FAMILIES 20,000
    BRIARWOOD PRESBYTERIAN CHURCH
    2200 BRIARWOOD WAY
    BIRMINGHAM,AL35243     		NONE 501(C)(3) SPIRITUAL FORMATION 3,000
    BRYAN COLLEGE
    721 BRYAN DRIVE
    DAYTON,TN37321     		NONE 501(C)(3) EDUCATION 20,000
    CALVARY CHAPEL CHATTANOOGA INC
    PO BOX 2127
    CHATTANOOGA,TN37409     		NONE 501(C)(3) SPIRITUAL FORMATION 20,000
    CAMPUS CRUSADE FOR CHRIST INC
    100 LAKE HART DRIVE 2100
    ORLANDO,FL32832     		NONE 501(C)(3) LEADERSHIP DEVELOPMENT 5,000
    CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION
    345 FRAZIER AVENUE UNIT 205
    CHATTANOOGA,TN37405     		NONE 501(C)(3) GENERAL SUPPORT - CHARITABLE PROJECTS 922,000
    CHATTANOOGA CHRISTIAN SCHOOL
    3354 CHARGER DRIVE
    CHATTANOOGA,TN37409     		NONE 501(C)(3) EDUCATION 86,000
    CHATTANOOGA CHURCH MINISTRIES INC
    PO BOX 11203
    CHATTANOOGA,TN37401     		NONE 501(C)(3) HUMAN SERVICES 50,000
    CHILD EVANGELISM FELLOWSHIP INCORPORATED
    PO BOX 348
    WARRENTON,MO63383     		NONE 501(C)(3) YOUTH DEVELOPMENT PROGRAMS 3,000
    CHRISTIAN BROADCASTING NETWORK INC
    977 CENTERVILLE TURNPIKE
    VIRGINIA BEACH,VA23463     		NONE 501(C)(3) SPIRITUAL FORMATION 10,000
    CHURCH OF THE FIRST BORN
    PO BOX 2009
    CHATTANOOGA,TN37409     		NONE 501(C)(3) HUMAN SERVICES 6,000
    COVENANT COLLEGE INC
    14049 SCENIC HIGHWAY
    LOOKOUT MOUNTAIN,GA30750     		NONE 501(C)(3) EDUCATION 30,000
    ENTRUST
    PO BOX 25520
    COLORADO SPRINGS,CO80936     		NONE 501(C)(3) LEADERSHIP DEVELOPMENT 20,000
    FATHER RYAN HIGH SCHOOL
    770 NORWOOD DRIVE
    NASHVILLE,TN37204     		NONE 501(C)(3) EDUCATION 5,000
    FIRST THINGS FIRST INC
    620 LINDSAY STREET SUITE 100
    CHATTANOOGA,TN37403     		NONE 501(C)(3) STRENGTHEN FAMILIES 10,000
    FOCUS ON THE FAMILY
    8605 EXPLORER DRIVE
    COLORADO SPRINGS,CO80920     		NONE 501(C)(3) STRENGTHEN FAMILIES 20,000
    FRIENDS OF CHATTANOOGA PREP INC
    PO BOX 3809
    CHATTANOOGA,TN37404     		NONE 501(C)(3) EDUCATION 30,000
    GIRLS PREPARATORY SCHOOL
    P O BOX 4736
    CHATTANOOGA,TN37405     		NONE 501(C)(3) EDUCATION 3,000
    GIVING OF LIFE
    PO BOX 888
    CHATTANOOGA,TN37401     		NONE 501(C)(3) SPIRITUAL FORMATION 15,000
    HANDS ON PERU
    107 EATON PLACE
    CARY,NC27513     		NONE 501(C)(3) HOLISTIC COMMUNITY DEVELOPMENT 5,000
    HARPETH HALL SCHOOL
    3801 HOBBS ROAD
    NASHVILLE,TN37215     		NONE 501(C)(3) EDUCATION 5,000
    HELPING HANDS MINISTRIES INC
    PO BOX 337
    TALLULAH FALLS,GA30573     		NONE 501(C)(3) STRENGTHEN FAMILIES 25,000
    HOPING HEARTS FOUNDATION INC
    251 W CENTRAL AVE 278
    SPRINGBORO,OH45066     		NONE 501(C)(3) STRENGTHEN FAMILIES 12,000
    HOSANNA
    2421 AZTEC ROAD NE
    ALBUQUERQUE,NM87107     		NONE 501(C)(3) LEADERSHIP DEVELOPMENT 35,000
    HOUSE UNIVERSITY MINISTRIES OF CHATTANOOGA
    650 MCCALLIE AVE
    CHATTANOOGA,TN37403     		NONE 501(C)(3) YOUTH DEVELOPMENT PROGRAMS 5,000
    INTERNATIONAL JUSTICE MISSION
    PO BOX 58147
    WASHINGTON,DC20037     		NONE 501(C)(3) VIOLENCE PREVENTION 10,000
    INTERVARSITY CHRISTIAN FELLOWSHIP-USA
    PO BOX 7895
    MADISON,WI53707     		NONE 501(C)(3) YOUTH DEVELOPMENT PROGRAMS 3,000
    ITALY FOR CHRIST
    1301 SHILOH ROAD NW SUITE 1820
    KENNESAW,GA30144     		NONE 501(C)(3) LEADERSHIP DEVELOPMENT 10,000
    JOSIAH VENTURE
    209 E LIBERTY DR
    WHEATON,IL60187     		NONE 501(C)(3) LEADERSHIP DEVELOPMENT 25,000
    LEGACY MISSION VILLAGE
    POBOX 2984
    BRENTWOOD,TN37027     		NONE 501(C)(3) HUMAN SERVICES 10,000
    LIFESONG FOR ORPHANS INC
    PO BOX 40
    GRIDLEY,IL61744     		NONE 501(C)(3) STRENGTHEN FAMILIES 5,000
    LIPSCOMB UNIVERSITY
    ONE UNIVERSITY PARK DRIVE
    NASHVILLE,TN37204     		NONE 501(C)(3) EDUCATION 5,000
    LOOKOUT MOUNTAIN PRESBYTERIAN CHURCH
    316 N BRAGG AVENUE
    LOOKOUT MOUNTAIN,TN37350     		NONE 501(C)(3) GENERAL SUPPORT - CHARITABLE PROJECTS 10,000
    LUIS PALAU ASSOCIATION
    PO BOX 50
    PORTLAND,OR97207     		NONE 501(C)(3) LEADERSHIP DEVELOPMENT 20,000
    MCCALLIE SCHOOL INC
    500 DODDS AVENUE
    CHATTANOOGA,TN37404     		NONE 501(C)(3) EDUCATION 3,000
    NASHVILLE CHRISTIAN SCHOOLS INC
    7555 SAWYER BROWN ROAD
    NASHVILLE,TN37221     		NONE 501(C)(3) EDUCATION 50,000
    NATIONAL PHILANTHROPIC TRUST
    165 TOWNSHIP LINE ROAD STE 1200
    JENKINTOWN,PA19046     		NONE 501(C)(3) CHILDCARE PROJECTS 39,000
    NATIONS MINISTRY CENTER
    P O BOX 128154
    NASHVILLE,TN37212     		NONE 501(C)(3) HUMAN SERVICES & TUTORING 15,000
    OC INTERNATIONAL INC
    PO BOX 36900
    COLORADO SPRINGS,CO80936     		NONE 501(C)(3) LEADERSHIP DEVELOPMENT 7,500
    OPPORTUNITY INTERNATIONAL INC
    550 W VAN BUREN STE 200
    CHICAGO,IL60607     		NONE 501(C)(3) HOLISTIC COMMUNITY DEVELOPMENT 10,000
    PCA MISSION TO NORTH AMERICA
    1700 NO BROWN RD SUITE 101
    LAWRENCEVILLE,GA30043     		NONE 501(C)(3) SPIRITUAL FORMATION 20,000
    PRAXIS INC
    409 W 45TH ST
    RD FLOOR,NY10036     		NONE 501(C)(3) LEADERSHIP DEVELOPMENT 10,000
    PRECEPT MINISTRIES OF REACH OUT INC
    P O BOX 182218
    CHATTANOOGA,TN37422     		NONE 501(C)(3) EDUCATION 15,000
    REDEEMER CITY TO CITY
    1166 AVENUE OF THE AMERICAS
    SUITE,NY10036     		NONE 501(C)(3) LEADERSHIP DEVELOPMENT 10,000
    SALAMA URBAN MINISTRIES INC
    1205 8TH AVE SOUTH
    NASHVILLE,TN37203     		NONE 501(C)(3) YOUTH DEVELOPMENT PROGRAMS 15,000
    SERGE GLOBAL
    PO BOX 1244
    ALBERT LEA,MN56007     		NONE 501(C)(3) REFUND-GRANT CANCELLED (PAID JUNE 2018. FUNDS RETURNED AUG. 2018.) -5,000
    SHAOHANNAHS HOPE INC
    PO BOX 647
    FRANKLIN,TN37065     		NONE 501(C)(3) CHILDCARE PROJECTS 200,000
    SIM USA INCORPORATED
    P O BOX 7900
    CHARLOTTE,NC28241     		NONE 501(C)(3) YOUTH DEVELOPMENT PROGRAMS 5,000
    SNOWBOARDERS & SKIERS FOR CHRIST
    PO BOX 2082
    DILLON,CO80435     		NONE 501(C)(3) SPIRITUAL FORMATION 20,000
    ST PAUL'S EPISCOPAL CHURCH-CHATTANOOGA
    305 WEST SEVENTH STREET
    CHATTANOOGA,TN37402     		NONE 501(C)(3) HUMAN SERVICES 5,000
    TRAINING GROUND
    PO BOX 49595
    COLORADO SPRINGS,CO80945     		NONE 501(C)(3) SPIRITUAL FORMATION 20,000
    TRUSTBRIDGE GLOBAL FOUNDATION USA INC
    111 SECOND AVENUE NE SUITE 900
    ST PETERSBURG,FL33701     		NONE 501(C)(3) SOCIAL SERVICE PROJECTS 25,000
    WESTMONT COLLEGE
    955 LA PAZ RD
    SANTA BARBARA,CA93117     		NONE 501(C)(3) EDUCATION 10,000
    WORLD GOSPEL MISSION
    3783 EAST STATE ROAD 18
    MARION,IN46952     		NONE 501(C)(3) HOLISTIC HUMAN SERVICES 3,000
    YOUNG LIFE
    P O BOX 6231
    CHATTANOOGA,TN37401     		NONE 501(C)(3) YOUTH DEVELOPMENT PROGRAMS 43,000
    YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN CHATTANOOGA
    301 WEST SIXTH STREET
    CHATTANOOGA,TN37402     		NONE 501(C)(3) YOUTH DEVELOPMENT PROGRAMS 10,000
    Total .................................bullet 3a 1,998,500
    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 ...........     		    14 1,162  
    4 Dividends and interest from securities....     14 392,325  
    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.....     14 312,054  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 26,763 18 2,748,279  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aUNRELATED BUSINESS INCOME     		525990 -29,471      
    bSECTION 965(A) INCOME INCLUSION         72
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -2,708 3,453,820 72
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,451,184
    (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.)
    7 TAX EXEMPT INCOME 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

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    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    HUGH AND CHARLOTTE MACLELLAN
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    PARTNERSHIP FLOWTHROUGH - UBI - LONG-TERM   PURCHASED 2019-06   37,252     0 37,252  
    PARTNERSHIP FLOWTHROUGH - UBI SHORT-TERM   PURCHASED 2019-06     10,489   0 -10,489  

    TY 2018 GeneralExplanationAttachment
    Name:
    HUGH AND CHARLOTTE MACLELLAN
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Identifier Return Reference Explanation
    DONOR ADVISED FUNDS FORM 990-PF, PART VII-A, LINE 12 CONTRIBUTIONS TOTALING $922,000 WERE MADE BETWEEN JULY 1, 2018 AND JUNE 30, 2019 TO A DONOR ADVISED FUND AT CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION (DBA THE GENEROSITY TRUST), EIN# 62-1536731; WITH $922,000 BEING DISTRIBUTED IN THE SAME FISCAL YEAR. THE TRUST 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 (STATEMENT #16). THE DONOR-ADVISED FUND AGREEMENT BETWEEN THE HUGH AND CHARLOTTE MACLELLAN CHARITABLE TRUST AND CCCF 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 InvestmentsCorpStockSchedule
    Name:
    HUGH AND CHARLOTTE MACLELLAN
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AEGEA MEDICAL INC. 750,000 750,000
    ATLANTA CATHETER THERAPIES 58,620 47,379
    VERAN MEDICAL TECHNOLOGIES 462,528 497,130
    COHERA MEDICAL 1,291,259 1,330,779
    NXTHERA 8,110 8,110
    NXPHASE 0 642,513
    PERSHING 2076 4,826,680 4,984,076
    PERSHING 3036 1,223,699 1,280,850
    PERSHING 6151 749,526 975,305
    PERSHING 2145 496,468 599,344

    TY 2018 InvestmentsOtherSchedule2
    Name:
    HUGH AND CHARLOTTE MACLELLAN
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AERIAL BIOPHARMA, LLC AT COST 196,110 1,521,583
    ALTUM CREDIT FUND, L.P. AT COST 1,770,771 2,091,744
    ARRIVO BIOVENTURES, LLC AT COST 171,626 171,436
    BOW RIVER CAPITAL 2017-QP FUND, LP AT COST 162,070 130,023
    C-III RECOVERY FUND II LP AT COST 340,601 358,251
    CEVIAN CAPITAL II, LP AT COST 1,069,005 1,012,312
    DYNAMO FUND I, LP AT COST 430,523 368,179
    FULCRUM GROWTH FUND III QP, LLC AT COST 326,862 273,783
    GCM GROSVENOR MACLELLAN INVESTMENT FUND LP AT COST 33,666 141,201
    H20EY AT COST 94,593 94,593
    KERN MEDICAL IV, LLC AT COST 150,000 150,000
    KERN ODYSSEUS LLC AT COST 100,000 100,000
    KW STRATUS, LLC AT COST 216,432 216,432
    MIDNIGHT PHARMA, LLC AT COST 15,394 12,607
    NORTH AVENUE CAPITAL, LLC AT COST 500,000 500,000
    PS INSTITUTIONAL ONSHORE LP AT COST 1,005,384 885,087
    PORTFOLIO ADVISORS SECONDARY FUND III, L.P. AT COST 439,748 443,568
    RELEVANCE CAPITAL III LP AT COST 474,537 473,719
    RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC AT COST 1,523,538 1,706,367
    RESOLUTE CAPITAL PARTNERS FUND IV, L.P. AT COST 347,755 247,755
    RESOURCE LAND FUND, III, LLC AT COST 141,782 154,268
    RIVER V, L.P. AT COST 0 118,723
    RIVER VI, L.P. AT COST 280,591 319,681
    RIVER VII AT COST 371,067 261,457
    TENTH STREET FINANCIAL OPPORTUNITY FUND II, L.P. AT COST 79,080 86,314
    SIGNIA VENTURE PARTNERS III, LP AT COST 37,660 15,347
    VALOR VENTURE FUND II LP AT COST 583,553 333,553
    GOLUB PARTNERS INTERNATIONAL AT COST 1,069,331 1,069,331
    HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS OFFSHORE LP AT COST 380,714 27,973

    TY 2018 LegalFeesSchedule
    Name:
    HUGH AND CHARLOTTE MACLELLAN
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CHAMBLISS, BAHNER & STOPHEL, P.C. 12,370 6,185   6,185


    TY 2018 OtherAssetsSchedule
    Name:
    HUGH AND CHARLOTTE MACLELLAN
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PARTNERSHIP DISTRIBUTIONS RECEIVABLE 0 376,867 376,867


    TY 2018 OtherExpensesSchedule
    Name:
    HUGH AND CHARLOTTE MACLELLAN
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES THROUGH BROKERS 45,791 45,791   0
    PORTFOLIO DEDUCTIONS THROUGH PARTNERSHIPS 104,674 104,674   0
    INVESTMENT INTEREST THROUGH PARTNERSHIPS 24,268 24,268   0
    OTHER PARTNERSHIP DEDUCTIONS 177,983 177,983   0
    NON DEDUCTIBLE EXPENSES THROUGH PARTNERSHIPS 737 0   0
    OTHER PARTNERSHIP MANAGEMENT FEES 433 433   0
    OFFICE EXPENSE REIMBURSEMENTS 28,993 0   28,993
    BANK CHARGE & WIRE FEE 810 608   202
    SECTION 965(C) DEDUCTION 36 36   0


    TY 2018 OtherIncomeSchedule2
    Name:
    HUGH AND CHARLOTTE MACLELLAN
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    TAX EXEMPT INCOME 385 0 385
    PARTNERSHIPS ORDINARY INCOME 45,154 45,154 45,154
    PARTNERSHIPS ROYALTIES 5 5 5
    PARTNERSHIPS OTHER PORTFOLIO INC 72,320 72,320 72,320
    PARTNERSHIPS OTHER INCOME 194,190 194,190 194,190
    UNRELATED BUSINESS INCOME -29,471   -29,471
    SECTION 965(A) INCOME INCLUSION 72 72 72


    TY 2018 TaxesSchedule
    Name:
    HUGH AND CHARLOTTE MACLELLAN
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD FROM INCOME 6,595 6,595   0
    FOREIGN TAX WITHHELD THROUGH PARTNERSHIPS 9,581 9,581   0
    FEDERAL AND STATE EXCISE TAX 2,405 0   0