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
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
KEMMONS WILSON FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2029 PEABODY AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MEMPHIS, TN38104
A Employer identification number

62-6046687
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$41,372,793J 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      
4 Dividends and interest from securities... 587,238 587,238  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 503,593
b Gross sales price for all assets on line 6a 2,118,699
7 Capital gain net income (from Part IV, line 2)... 503,593
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 25
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule)..... 25  
11 Other income (attach schedule)....... Click to see attachment 44,723 44,723  
12 Total. Add lines 1 through 11........ 1,135,579 1,135,554  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 155,189 0   155,189
15 Pension plans, employee benefits....... 22,636 0   22,636
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 3,858 0   3,858
c Other professional fees (attach schedule).... Click to see attachment 79,475 71,253   8,222
17 Interest............... 113 113   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 101,103 10,276   11,870
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,325 0  
20 Occupancy.............. 28,288 0   28,288
21 Travel, conferences, and meetings....... 636 0   636
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 443,222 323,220   117,296
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 835,845 404,862   347,995
25 Contributions, gifts, grants paid....... 1,191,820 1,281,820
26 Total expenses and disbursements. Add lines 24 and 25 2,027,665 404,862   1,629,815
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -892,086
b Net investment income (if negative, enter -0-) 730,692
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 714,313 647,733 647,733
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet1,194,048
Less: allowance for doubtful accounts bullet   194,048 1,194,048 1,194,048
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use.............. 78,953 78,953 78,953
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet63,004
Less: accumulated depreciation (attach schedule) bullet   63,004 63,004 63,004
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 37,206,705 Click to see attachment39,361,598 39,361,598
14 Land, buildings, and equipment: basis bullet64,862
Less: accumulated depreciation (attach schedule) bullet51,205 14,984 Click to see attachment13,657 13,657
15 Other assets (describe bullet) Click to see attachment13,875 Click to see attachment13,800 Click to see attachment13,800
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 38,285,882 41,372,793 41,372,793
Liabilities 17 Accounts payable and accrued expenses.......... 2,176 -1,269
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment15,929 Click to see attachment43,662
23 Total liabilities (add lines 17 through 22)......... 18,105 42,393
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 38,267,777 41,330,400
29 Total net assets or fund balances (see instructions)..... 38,267,777 41,330,400
30 Total liabilities and net assets/fund balances (see instructions). 38,285,882 41,372,793
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
38,267,777
2
Enter amount from Part I, line 27a .....................
2
-892,086
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,955,578
4
Add lines 1, 2, and 3 ..........................
4
41,331,269
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
869
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
41,330,400
Form 990-PF (2020)
Form 990-PF (2020)
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 FIDELITY - 2032 P    
b FIDELITY - 2032 P    
c FROM K-1 - PRESERVER, LP P    
d FROM K-1 - PRESERVER LP P    
e FROM K-1 - PALLADIAN PARTNERS VI, LP P    
FROM K-1 - PALLADIAN PARTNERS VI, LP P    
FROM K-1 - PALLADIAN PARTNERS IX, LP P    
FROM K-1 - PALLADIAN PARTNERS IX, LP P    
FROM K-1 - WILSON FAMILY GLOBAL EQUITY FUND P    
FROM K-1 - WILSON FAMILY GLOBAL EQUITY FUND P    
FROM K-1 - WILSON FAMILY PRIVATE INVESTMENT FUND P    
FROM K-1 - WILSON FAMILY PRIVATE INVESTMENT FUND P    
FROM K-1 - PALLADIAN PARTNERS VI, LP 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 84,484   83,582 902
b 1,513,081   1,514,352 -1,271
c 19,790     19,790
d     10,720 -10,720
e     1,698 -1,698
16,810     16,810
1,956     1,956
12,320     12,320
    1,612 -1,612
411,555     411,555
20,768     20,768
    1,445 -1,445
    1,697 -1,697
37,935     37,935
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       902
b       -1,271
c       19,790
d       -10,720
e       -1,698
      16,810
      1,956
      12,320
      -1,612
      411,555
      20,768
      -1,445
      -1,697
      37,935
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 2 503,593
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 10,157
c All other domestic foundations enter 1.39% 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 10,157
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 10,157
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 26,000
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 26,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 42
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 15,801
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet15,801 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 the instructions
for the 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 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.KWFF.ORG
    14
    The books are in care ofbulletZACH OGALE JD CPA Telephone no.bullet (901) 346-8800

    Located atbullet20 HULING AVENUEMEMPHISTN ZIP+4bullet38103
    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 2020, 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 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ELIZABETH WILSON MOORE PRESIDENT
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    ROBERT A WILSON VICE-PRESIDENT
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    C KEMMONS WILSON JR VICE-PRESIDENT
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    CECIL E CARNEY III VICE-PRES./TREASURER
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    GARY C MCCLAIN SECRETARY/ASST. TREASURER
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    ZACH OGALE ASST. SECRETARY
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    REBECCA MACSOVITS DIRECTOR
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    JACK MOORE DIRECTOR
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    ELIOT MORRIS DIRECTOR
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    CAREY SNIDER DIRECTOR
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    CAROLE WILSON WEST DIRECTOR
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    SPENCE L WILSON DIRECTOR
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    SUSAN WILSON DIRECTOR
    0.00     		0 0 0
    20 HULING AVENUE
    MEMPHIS,TN38103
    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 (2020)
    Form 990-PF (2020)
    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
    WILSON INVESTMENT MANAGEMENT LLC INVESTMENT ADVISOR 71,253
    11 HULING AVENUE
    MEMPHIS,TN38130
    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 (2020)
    Form 990-PF (2020)
    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
    36,091,981
    b
    Average of monthly cash balances.......................
    1b
    649,423
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,300,457
    d
    Total (add lines 1a, b, and c).........................
    1d
    38,041,861
    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
    38,041,861
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    570,628
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    37,471,233
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,873,562
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,873,562
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    10,157
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,157
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,863,405
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,863,405
    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
    1,863,405
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,629,815
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,629,815
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,629,815
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 1,863,405
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 238,017
    b From 2016...... 405,563
    c From 2017...... 41,072
    d From 2018...... 115,564
    e From 2019...... 167,726
    fTotal of lines 3a through e........ 967,942
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,629,815
    a Applied to 2019, 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 2020 distributable amount..... 1,629,815
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 233,590 233,590
    (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 5 734,352
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		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 2015 not
    applied on line 5 or line 7 (see instructions) ...     		4,427
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		729,925
    10 Analysis of line 9:
    a Excess from 2016.... 405,563
    b Excess from 2017.... 41,072
    c Excess from 2018.... 115,564
    d Excess from 2019.... 167,726
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CARRIE BURKE
    2029 PEABODY AVENUE
    MEMPHIS,TN38104
    (901) 726-3147
    CBURKE@KWFF.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    SEE OUR WEBSITE AT HTTP://WWW.KWFF.ORG/OUR-GRANT-PROCESS/GRANT-APPLICATION-PROCESS/
    cAny submission deadlines:
    JANUARY 15 AND AUGUST 15
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CONTACT CARRIE BURKE AT CBURKE@KWFF.ORG FOR MORE INFORMATION.
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    AGAPE CHILD AND FAMILY SERVICES
    3160 DIRECTORS ROW
    MEMPHIS,TN38131     		  PC GENERAL - OPERATING 10,000
    ARTS MEMPHIS
    575 S MENDENHALL RD
    MEMPHIS,TN38117     		  PC GENERAL - OPERATING 10,000
    AFP MEMPHIS
    PO BOX 17132
    MEMPHIS,TN381870132     		  PC GENERAL - OPERATING 1,000
    BAPTIST MEMORIAL HEALTH CARE FOUNDATION
    350 N HUMPHREYS BLVD
    MEMPHIS,TN38120     		  PC GENERAL - OPERATING 100,000
    BRIARCREST CHRISTIAN SCHOOL
    76 S HOUSTON LEVEE RD
    EADS,TN38028     		  PC GENERAL - OPERATING 5,820
    BRIDGES USA INC
    477 N 5TH ST
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 25,000
    CATHOLIC CHARITIES OF WEST TENNESSEE
    1325 JEFFERSON AVE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 10,000
    CHILDREN'S MUSEUM OF MEMPHIS
    2525 CENTRAL AVE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 5,000
    CHRIST COMMUNITY HEALTH SERVICES
    2595 CENTRAL AVENUE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 20,000
    CHRISTIAN BROTHERS UNIVERSITY
    650 E PKWY S
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 75,000
    COMMUNITY ALLIANCE FOR THE HOMELESS
    44 N 2ND ST 302
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 10,000
    COMMUNITY FOUNDATION OF GREATER MEMPHIS
    1900 UNION AVE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 125,000
    DIXON GALLERY AND GARDENS
    4339 PARK AVENUE
    MEMPHIS,TN38117     		  PC GENERAL - OPERATING 5,000
    EVANGELICAL CHRISTIAN SCHOOL
    7600 MACON RD
    CORDOVA,TN38018     		  PC GENERAL - OPERATING 4,000
    FAMILIES MATTER INC
    2595 CENTRAL AVENUE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 10,000
    FOR THE KINGDOM INC
    4100 RALEIGH MILLINGTON ROAD
    MEMPHIS,TN38128     		  PC GENERAL - OPERATING 25,000
    HOSPITALITY HUB
    590 WASHINGTON AVE
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 10,000
    HUTCHISON SCHOOL
    1740 RIDGEWAY ROAD
    MEMPHIS,TN38119     		  PC GENERAL - OPERATING 13,500
    JIFF INC
    254 S LAUDERDALE ST
    MEMPHIS,TN38126     		  PC GENERAL - OPERATING 10,000
    KINDRED PLACE
    2180 UNION AVENUE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 15,000
    LATINO MEMPHIS
    6041 MT MORIAH RD
    MEMPHIS,TN38115     		  PC GENERAL - OPERATING 10,000
    LITE MEMPHIS
    88 UNION AVENUE 6TH FLOOR
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 10,000
    MEMPHIS ATHLETIC MINISTRIES
    2146 BALL RD
    MEMPHIS,TN38114     		  PC GENERAL - OPERATING 10,000
    MEMPHIS BOTANIC GARDEN FOUNDATION INC
    750 CHERRY ROAD
    MEMPHIS,TN38117     		  PC GENERAL - OPERATING 5,000
    MEMPHIS BRIDGE LIGHTING INC
    56 S FRONT ST
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 125,000
    MEMPHIS BROOKS MUSEUM OF ART
    1934 POPLAR AVE
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 5,000
    MEMPHIS CHILD ADVOCACY CENTER
    1085 POPLAR AVENUE
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 20,000
    MEMPHIS DELTA PREPARATORY CHARTER SCHOOL INC
    1237 COLLEGE ST
    MEMPHIS,TN38106     		  PC GENERAL - OPERATING 30,000
    MEMPHIS TEACHER RESIDENCY INC
    1350 CONCOURSE AVE STE 366
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 25,000
    MEMPHIS THEOLOGICAL SEMINARY
    168 EAST PARKWAY S
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 15,000
    MEMPHIS UNIVERSITY SCHOOL
    6191 PARK AVENUE
    MEMPHIS,TN38119     		  PC GENERAL - OPERATING 1,500
    MEMPHIS ZOO INC
    2000 PRENTISS PLACE
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 5,000
    MID-SOUTH FOOD BANK
    3865 S PERKINS RD
    MEMPHIS,TN38118     		  PC GENERAL - OPERATING 20,000
    MIFA-METROPOLITAN INTERFAITH ASSOCIATION
    910 VANCE AVE
    MEMPHIS,TN38126     		  PC GENERAL - OPERATING 20,000
    MY CUP OF TEA
    3028 CARNES AVE
    MEMPHIS,TN38111     		  PC GENERAL - OPERATING 1,000
    NATIONAL CIVIL RIGHTS MUSEUM
    450 MULBERRY STREET
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 5,000
    NEIGHBORHOOD CHRISTIAN CENTER
    785 JACKSON AVE
    MEMPHIS,TN38107     		  PC GENERAL - OPERATING 20,000
    NEW MEMPHIS INSTITUTE
    22 N FRONT ST
    MEMPHIS,TN38103     		  PC GENERAL - OPERATING 10,000
    PURE YOUTH ATHLETIC ALLIANCE
    4847 AMEY RD
    MEMPHIS,TN38109     		  PC GENERAL - OPERATING 10,000
    PORTER LEATH HOME
    868 N MANASSAS ST
    MEMPHIS,TN38107     		  PC GENERAL - OPERATING 30,000
    RHODES COLLEGE
    2000 NORTH PARKWAY
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 25,000
    SEEDING SUCCESS
    600 JEFFERSON AVE
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 5,000
    SERVICE OVER SELF INCORPORATED
    2505 POPLAR AVE
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 10,000
    SHELBY FARMS PARK CONSERVANCY
    500 NORTH PINE LAKE DRIVE
    MEMPHIS,TN38134     		  PC GENERAL - OPERATING 25,000
    SOULSVILLE CHARTER SCHOOL
    1115 COLLEGE ST
    MEMPHIS,TN38106     		  PC GENERAL - OPERATING 10,000
    SRVS SHELBY RESIDENTIAL AND VOCATIONAL SERVICES
    3971 KNIGHT ARNOLD RD
    MEMPHIS,TN38118     		  PC GENERAL - OPERATING 10,000
    TEACH FOR AMERICA INC
    1350 CONCOURSE AVE 437
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 25,000
    TECH901
    1350 CONCOURSE AVE 375
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 10,000
    TENNIS MEMPHIS
    1645 RIDGEWAY RD
    MEMPHIS,TN38119     		  PC GENERAL - OPERATING 20,000
    THE SALVATION ARMY
    696 JACKSON AVENUE
    MEMPHIS,TN38105     		  PC GENERAL - OPERATING 10,000
    UNIVERSITY OF MEMPHIS FOUNDATION
    635 NORMAL ST
    MEMPHIS,TN38152     		  PC GENERAL - OPERATING 200,000
    VISIBLE MUSIC COLLEGE
    1015 S COOPER STREET
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 25,000
    VOLUNTEER ODYSSEY
    420 NORTH CLEVELAND ST
    MEMPHIS,TN38104     		  PC GENERAL - OPERATING 10,000
    WOLF RIVER CONSERVANCY
    2693 UNION AVE EXTENDED 205
    MEMPHIS,TN38112     		  PC GENERAL - OPERATING 10,000
    YMCA OF MEMPHIS
    7171 GOODLETT FARMS PKWY
    CORDOVA,TN38016     		  PC GENERAL - OPERATING 20,000
    Total .................................bullet 3a 1,281,820
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 ...........     		         
    4 Dividends and interest from securities....     14 587,238  
    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 44,723  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 503,593  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory 451211 25      
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 25 1,135,554 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,135,579
    (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.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 3,858 0   3,858

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

    TY 2020 DepreciationSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER EQUIPMENT 2007-05-07 1,998 1,998 200DB 5.000000000000 0 0    
    MACBOOK PRO LAPTOP - LEE MORRIS 2013-04-01 3,800 3,800 200DB 5.000000000000 0 0    
    DELL LATITUDE LAPTOP - LAUREN YOUNG 2013-04-01 2,912 2,912 200DB 5.000000000000 0 0    
    OUTDOOR FURNITURE 2014-09-23 663 619 200DB 7.000000000000 29 0    
    OFFICE CONFERENCE CHAIRS 2014-08-27 4,863 4,537 200DB 7.000000000000 217 0    
    CONTEMPORARY CONFERENCE TABLE 2014-09-12 7,715 7,199 200DB 7.000000000000 344 0    
    OLD HOLIDAY INN CONFERENCE TABLE 2014-09-04 552 478 200DB 7.000000000000 49 0    
    FABRIC FOR CURTAINS 2014-09-02 226 211 200DB 7.000000000000 10 0    
    CURTAINS/SINK SKIRTS 2014-09-08 3,669 3,424 200DB 7.000000000000 163 0    
    INTERIOR SIGNS - 1027 CHERRY ROAD 2014-12-19 486 454 200DB 7.000000000000 21 0    
    NETGEAR READY/SONIC WALL/ROUTER 2014-10-15 2,892 2,892 200DB 5.000000000000 0 0    
    TV/VIDEO/AUDIO 2014-09-16 13,535 13,535 200DB 5.000000000000 0 0    
    INTERIOR SIGNS 2015-01-14 1,125 999 200DB 7.000000000000 50 0    
    DELL LATITUDE 5470 - CARRIE BURKE 2016-07-15 1,673 1,528 200DB 5.000000000000 97 0    
    DELL LATITUDE 7390 NOTEBOOK 2019-08-31 2,558   200DB 5.000000000000 0 0    
    TENANT IMPROVEMENTS - CARPET 2019-12-16 4,411   SL 39.000000000000 113 0    
    TI - TECHNOLOGY HARDWARE & CABELING 2019-12-16 2,734   200DB 5.000000000000 0 0    
    TI - CARPET - 2029 PEABODY AVE. 2019-12-16 4,150   SL 39.000000000000 106 0    
    TI - 2029 PEABODY 2019-12-16 4,900   SL 39.000000000000 126 0    

    TY 2020 GeneralExplanationAttachment
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Identifier Return Reference Explanation
    EXPLANATION OF EMPLOYEE COMPENSATION FORM 990-PF, PART VIII, LINE 2 INFORMATION RELATED TO THE HIGHEST COMPENSATED EMPLOYEES IS AVAILABLE UPON REQUEST.

    TY 2020 InvestmentsOtherSchedule2
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    FIXED INCOME - SECURITIES FMV 6,135,303 6,135,303
    PALLADIAN PARTNERS VI LP FMV 280,840 280,840
    PALLADIAN PARTNERS IX LP FMV 870,480 870,480
    CENTENNIAL ABSOLUTE RETURN FUND LP FMV 4,840 4,840
    MAGNITUDE INTERNATIONAL FMV 5,652,488 5,652,488
    OLD FARM PARTNERS OFFSHORE FUND FMV 5,206,424 5,206,424
    PRESERVER LP FMV 2,127,164 2,127,164
    WILSON FAMILY GLOBAL EQUITY FUND LP FMV 18,605,680 18,605,680
    WILSON FAMILY PRIVATE INVESTMENT FUND LP FMV 478,379 478,379

    TY 2020 LandEtcSchedule2
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 1,998 1,998 0  
    MACBOOK PRO LAPTOP - LEE MORRIS 3,800 3,800 0  
    DELL LATITUDE LAPTOP - LAUREN YOUNG 2,912 2,912 0  
    OUTDOOR FURNITURE 663 648 15  
    OFFICE CONFERENCE CHAIRS 4,863 4,754 109  
    CONTEMPORARY CONFERENCE TABLE 7,715 7,543 172  
    OLD HOLIDAY INN CONFERENCE TABLE 552 527 25  
    FABRIC FOR CURTAINS 226 221 5  
    CURTAINS/SINK SKIRTS 3,669 3,587 82  
    INTERIOR SIGNS - 1027 CHERRY ROAD 486 475 11  
    NETGEAR READY/SONIC WALL/ROUTER 2,892 2,892 0  
    TV/VIDEO/AUDIO 13,535 13,535 0  
    INTERIOR SIGNS 1,125 1,049 76  
    DELL LATITUDE 5470 - CARRIE BURKE 1,673 1,625 48  
    DELL LATITUDE 7390 NOTEBOOK 2,558 2,558 0  
    TENANT IMPROVEMENTS - CARPET 4,411 113 4,298  
    TI - TECHNOLOGY HARDWARE & CABELING 2,734 2,734 0  
    TI - CARPET - 2029 PEABODY AVE. 4,150 106 4,044  
    TI - 2029 PEABODY 4,900 126 4,774  


    TY 2020 OtherAssetsSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    MINIATURE HOLIDAY INN SIGN 11,750 11,750 11,750
    BRONZE SCULPTURE 2,050 2,050 2,050
    INVESTMENT HOLDBACKS 75 0 0


    TY 2020 OtherDecreasesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Amount
    BOOK/TAX DIFFERENCE - PALLADIAN VI 270
    BOOK/TAX DIFFERENCE - WFGEF 594
    BOOK/TAX DIFFERENCE - PALLADIAN IX 5


    TY 2020 OtherExpensesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVERTISING 708 0   708
    DUES & SUBSCRIPTIONS 1,089 0   1,089
    EDUCATION 100 0   100
    INSURANCE 2,344 0   2,344
    MAINTENANCE & REPAIRS 14,082 0   14,082
    OFFICE SUPPLIES 843 0   843
    OTHER EXPENSES 2,706 0   0
    POSTAGE 112 0   112
    PROGRAM EXPENSES 2,899 0   2,899
    PROMOTIONAL LEGACY VIDEO 88,843 0   88,843
    UTILITIES 6,256 0   6,256
    PRESERVER LP - OTHER DEDUCTIONS 62,742 62,742   0
    WILSON FAMILY PRIVATE INVESTMENT FUND - OTHER DEDUCTIONS 17,147 17,146   1
    WILSON FAMILY GLOBAL EQUITY - OTHER DEDUCTIONS 201,226 201,226   0
    PALLADIAN PARTNERS VI - OTHER DEDUCTIONS 18,994 18,975   19
    PALLADIAN PARTNERS IX - OTHER DEDUCTIONS 23,131 23,131   0


    TY 2020 OtherIncomeSchedule2
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    LITIGATION PROCEEDS 60,611 60,611 60,611
    PRESERVER LP - ORDINARY -24,451 -24,451 -24,451
    PRESERVER LP - RENTAL 115 115 115
    PRESERVER LP - OTHER -1,108 -1,108 -1,108
    WILSON FAMILY PRIVATE INVESTMENT FUND - ORDINARY 7,510 7,510 7,510
    WILSON FAMILY PRIVATE INVESTMENT FUND - RENTAL 64 64 64
    WILSON FAMILY PRIVATE INVESTMENT FUND - OTHER 310 310 310
    WILSON FAMILY GLOBAL EQUITY - ORDINARY 8,891 8,891 8,891
    WILSON FAMILY GLOBAL EQUITY - OTHER -2,123 -2,123 -2,123
    PALLADIAN PARTNERS VI LP - ORDINARY -2,528 -2,528 -2,528
    PALLADIAN PARTNERS VI LP - OTHER -1,980 -1,980 -1,980
    PALLADIAN PARTNERS VI LP - RENTAL -22 -22 -22
    PALLADIAN PARTNERS VI LP - ROYALTIES 29 29 29
    PALLADIAN PARTNERS IX LP - ORDINARY -792 -792 -792
    PALLADIAN PARTNERS IX LP - OTHER 196 196 196
    PALLADIAN PARTNERS IX LP - RENTAL 1 1 1


    TY 2020 OtherIncreasesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Amount
    UNREALIZED INVESTMENT GAINS 3,954,595
    BOOK/TAX DIFFERNCES - PRESERVER 434
    BOOK/TAX DIFFERENCE - WFPIF 549


    TY 2020 OtherLiabilitiesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Description Beginning of Year - Book Value End of Year - Book Value
    OTHER PAYABLES 15,929 43,662


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 6,771 0   6,771
    ADVISORY FEES 71,253 71,253   0
    CONSULTING FEES 1,451 0   1,451


    TY 2020 TaxesSchedule
    Name:
    KEMMONS WILSON FAMILY FOUNDATION
    EIN:
    62-6046687
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 10,276 10,276   0
    LICENSES/ FEES 384 0   384
    PAYROLL TAXES 11,306 0   11,306
    PROPERTY TAXES 180 0   180
    FEDERAL INCOME TAXES 78,957 0   0