Form990-PF

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
J C KENNEDY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)6205A PEACHTREE DUNWOODY RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30328
A Employer identification number

20-0424251
B Telephone number (see instructions)

(678) 645-4659
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$57,979,356J 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) 6,977,616
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,176,033 1,176,033  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,569,726
b Gross sales price for all assets on line 6a 66,284,773
7 Capital gain net income (from Part IV, line 2)... 3,569,726
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 262,859 277,049  
12 Total. Add lines 1 through 11........ 11,986,234 5,022,808  
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).........        
b Accounting fees (attach schedule)....... Click to see attachment 39,765 0   39,765
c Other professional fees (attach schedule).... Click to see attachment 207,323 192,323   15,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 125,360 1,900   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 8,847 1,317   7,530
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 381,295 195,540   62,295
25 Contributions, gifts, grants paid....... 1,808,125 1,808,125
26 Total expenses and disbursements. Add lines 24 and 25 2,189,420 195,540   1,870,420
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 9,796,814
b Net investment income (if negative, enter -0-) 4,827,268
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.............      
2 Savings and temporary cash investments......... 5,851,496 7,684,397 7,684,397
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)....... 32,356,887 Click to see attachment36,307,172 43,701,710
c Investments—corporate bonds (attach schedule)....... 1,129,675 Click to see attachment1,138,278 1,227,551
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,208,469 Click to see attachment2,461,395 5,365,698
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 41,546,527 47,591,242 57,979,356
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 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........ 41,546,527 47,591,242
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 41,546,527 47,591,242
30 Total liabilities and net assets/fund balances (see instructions). 41,546,527 47,591,242
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
41,546,527
2
Enter amount from Part I, line 27a .....................
2
9,796,814
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
51,343,341
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,752,099
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
47,591,242
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 CASH IN LIEU P    
b PUBLICLY TRADED SECURITIES      
c LONG TERM GAIN FROM K-1: BDT CAPITAL PARTNERS FUND II (TE) LP P    
d SHORT TERM LOSS FROM K-1: ACADIAN ALL COUNTRY WORLD EX US FUND P    
e LONG TERM LOSS FROM K-1: ACADIAN ALL COUNTRY WORLD EX US FUND P    
SHORT TERM GAIN FROM K-1: FUND II-A SPIRITS LP P    
LONG TERM GAIN FROM K-1: FUND II-A SPIRITS LP P    
LONG TERM GAIN FROM K-1: FALFURRIAS CAPITAL PARTNERS III LP P    
ACADIAN ALL COUNTRY WORLD EX US FUND 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       21
b 66,279,707   62,889,557 3,390,150
c       102,707
d       -10,091
e       12,630
      7
      166
      73,834
5,066   4,764 302
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       21
b       3,390,150
c       102,707
d       -10,091
e       12,630
      7
      166
      73,834
      302
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,569,726
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 67,099
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 67,099
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 67,099
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 99,391
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 119,391
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 52,292
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet52,292 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)
    bulletGA
    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
     
    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 instructions.................
    12
     
    No
    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 ofbulletCOX FOUNDATION COX ENTERPRISES IN Telephone no.bullet (678) 645-0000

    Located atbullet6205-A PEACHTREE DUNWOODY ROADATLANTAGA ZIP+4bullet30328
    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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 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
    JAMES C KENNEDY PRESIDENT/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    BARBARA K HARTY VICE PRESIDENT/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    JAMES C KENNEDY JR SECRETARY/TREASURER/TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    NANCY K RIGBY ASSISTANT SECRETARY
    5.00     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    CLAY K KENNEDY TRUSTEE
    0.40     		0 0 0
    6205-A PEACHTREE DUNWOODY ROAD
    ATLANTA,GA30328
    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
    STG PARTNERS INVESTMENT MANAGEMENT FEES 192,323
    3455 PEACHTREE RD NE SUITE 1000
    ATLANTA,GA30326
    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
    38,974,679
    b
    Average of monthly cash balances.......................
    1b
    4,007,479
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,365,698
    d
    Total (add lines 1a, b, and c).........................
    1d
    48,347,856
    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
    48,347,856
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    725,218
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    47,622,638
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,381,132
    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
    2,381,132
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    67,099
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    67,099
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,314,033
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,314,033
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    2,314,033
    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
    1,870,420
    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
    1,870,420
    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
    1,870,420
    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 2,314,033
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 1,263,263
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,870,420
    a Applied to 2019, but not more than line 2a 1,263,263
    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..... 607,157
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 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 0
    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 ..........     		1,706,876
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    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).)
    JAMES C KENNEDY
    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 (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 COMMUNITY CENTER INC
    2210 MARIETTA BOULEVARD NW
    ATLANTA,GA30318     		N/A PC SPECIAL PROJECT SUPPORT 5,000
    ALL SAINTS' EPISCOPAL CHURCH
    634 W PEACHTREE STREE NW
    ATLANTA,GA30308     		N/A PC ANNUAL FUND SUPPORT 82,500
    AMERICAN CANCER SOCIETY - WESTERN MONTANA
    3550 MULLEN ROAD SUITE 103
    MISSOULA,MT59808     		N/A PC SUPPORT FOR RELAY FOR LIFE IN DILLON, MT 20,125
    AMERICAN RIVERS
    1101 14TH STREET NW SUITE 1400
    WASHINGTON,DC20005     		N/A PC GENERAL OPERATING SUPPORT 1,000
    ATLANTA CHILDREN'S SHELTER
    607 PEACHTREE STREET NE
    ATLANTA,GA30308     		N/A PC HOLIDAY PROGRAM SUPPORT 10,000
    ATLANTA COMMUNITY FOOD BANK
    732 JOSEPH E LOWERY BOULEVARD NW
    ATLANTA,GA30318     		N/A PC HOLIDAY PROGRAM SUPPORT 50,000
    ATLANTA MISSION
    2353 BOLTON ROAD NW
    ATLANTA,GA30318     		N/A PC HOLIDAY PROGRAM SUPPORT 10,000
    ATLANTA POLICE FOUNDATION
    191 PEACHTREE STREET NESUITE 191
    ATLANTA,GA30303     		N/A PC PROGRAM SUPPORT 45,000
    ATLANTA POLICE FOUNDATION
    191 PEACHTREE STREET NESUITE 191
    ATLANTA,GA30303     		N/A PC GENERAL OPERATING SUPPORT AND HOLIDAY SUPPORT FOR AT-PROMISE YOUTH CENTER 100,000
    BARRETT HOSPITAL FOUNDATION INC
    90 HWY 91 SOUTH
    DILLON,MT59725     		N/A PC GENERAL OPERATING SUPPORT 5,000
    BEAVERHEAD COMMUNITY WOOD BANK MINISTRY INC
    P O BOX 1414
    DILLON,MT59725     		N/A PC GENERAL OPERATING SUPPORT 3,000
    CENTER FOR FAMILY RESOURCES
    400 FRANKLIN GATEWAY SE SUITE 250
    MARIETTA,GA30067     		N/A PC HOLIDAY PROGRAM SUPPORT 10,000
    CHILD ABUSE PREVENTION ASSOCIATION
    PO BOX 531
    BEAUFORT,SC29901     		N/A PC HOLIDAY PROGRAM SUPPORT 15,000
    CHILDREN'S RESTORATION NETWORK
    11285 ELKINS ROADSTE C-4
    ROSWELL,GA30076     		N/A PC HOLIDAY PROGRAM SUPPORT 50,000
    CHRIS 180 INC
    1030 FAYETTEVILLE ROAD
    ATLANTA,GA30316     		N/A PC HOLIDAY PROGRAM SUPPORT 25,000
    COMMUNITY ASSISTANCE CENTER
    1130 HIGHTOWER TRAIL
    SANDY SPRINGS,GA30350     		N/A PC HOLIDAY PROGRAM SUPPORT 25,000
    CURE CHILDHOOD CANCER INC
    200 ASHFORD CENTER NORTH SUITE 250
    ATLANTA,GA30338     		N/A PC FAMILY EMERGENCY FUND SUPPORT 100,000
    CWC ALLIANCE INC
    3390 PEACHTREE ROAD NE SUITE 360
    ATLANTA,GA30326     		N/A PC GENERAL OPERATING SUPPORT 5,000
    DUCKS UNLIMITED INC
    1 WATERFOWL WAY
    MEMPHIS,TN38120     		N/A PC SUPPORT FOR DUCKS UNLIMITED DE MEXICO 100,000
    EAST SIDE HOUSE INC
    337 ALEXANDER AVENUE
    BRONX,NY10454     		N/A PC FARMS TO FOODBANKS INITIATIVE 1,000
    EMORY UNIVERSITY
    201 DOWMAN DRIVE SUITE 404
    ATLANTA,GA30322     		N/A PC SUPPORT FOR THE ROLLINS SCHOOL OF PUBLIC HEALTH 10,000
    EMORY UNIVERSITY
    201 DOWMAN DRIVE SUITE 404
    ATLANTA,GA30322     		N/A PC PATIENT ASSISTANCE PROGRAM AT WINSHIP CANCER INSTITIUTE 150,000
    EMPTY STOCKING FUND
    1975 CENTURY BLVD SUITE 16
    ATLANTA,GA30345     		N/A PC HOLIDAY PROGRAM SUPPORT 50,000
    FERNBANK MUSEUM OF NATURAL HISTORY
    767 CLIFTON ROAD NE
    ATLANTA,GA30307     		N/A PC GENERAL OPERATING SUPPORT 5,000
    FOSTER CARE SUPPORT FOUNDATION INC
    3334 TRAILS END ROAD
    ROSWELL,GA30075     		N/A PC HOLIDAY PROGRAM SUPPORT 15,000
    GEORGIA CAMPAIGN FOR ADOLESCENT POWER & POTENTIAL INC
    1718 PEACHTREE STREET NW SUITE 465
    ATLANTA,GA30309     		N/A PC GENERAL OPERATING SUPPORT 10,000
    GOLDEN HARVEST FOOD BANK INC
    3310 COMMERCE DRIVE
    AUGUSTA,GA30909     		N/A PC GENERAL OPERATING SUPPORT 5,000
    GRAND TETON NATIONAL PARK FOUNDATION
    P O BOX 249
    MOOSE,WY83012     		N/A PC GENERAL OPERATING SUPPORT 5,000
    GREENWICH COUNTRY DAY SCHOOL INC
    P O BOX 623401 OLD CHURCH ROAD
    GREENWICH,CT06836     		N/A PC GENERAL OPERATING SUPPORT 50,000
    GRENADA EDUCATIONAL FOUNDATION INC
    2621 CARROLLTON ROADPO BOX 1008
    GRENADA,MS38902     		N/A PC GENERAL OPERATING SUPPORT 10,000
    HILTON HEAD ISLAND DEEP WELL PROJECT
    PO BOX 5543
    HILTON HEAD,SC29938     		N/A PC HOLIDAY PROGRAM SUPPORT 15,000
    LOWCOUNTRY FOOD BANK INC
    2864 AZALEA DRIVE
    CHARLESTON,SC29405     		N/A PC GENERAL OPERATING SUPPORT 5,000
    MARINE TOYS FOR TOTS FOUNDATION
    18251 QUANTICO GATEWAY DRIVE
    TRIANGLE,VA22172     		N/A PC NORTH ATLANTA TOY CAMPAIGN 25,000
    MEALS ON WHEELS ATLANTA
    1705 COMMERCE DRIVE NW
    ATLANTA,GA30318     		N/A PC HOLIDAY PROGRAM SUPPORT 5,000
    MELANOMA RESEARCH FOUNDATION
    1411 K STREET NW SUITE 800
    WASHINGTON,DC20005     		N/A PC GENERAL OPERATING SUPPORT 5,000
    MEMORIAL SLOAN-KETTERING CANCER CENTER
    1275 YORK AVENUE
    NEW YORK,NY10065     		N/A PC GENERAL OPERATING SUPPORT 5,000
    MISSISSIPPI WILDLIFE FEDERATION
    2630 RIDGEWOOD ROAD SUITE D
    JACKSON,MS39216     		N/A PC GENERAL OPERATING SUPPORT 10,000
    MONTANA LAND RELIANCE
    324 FULLER AVENUEPO BOX 355
    HELENA,MT59624     		N/A PC GENERAL OPERATING SUPPORT 10,000
    MOVEMBER FOUNDATION
    8559 HIGUERA STREET
    CULVER CITY,CA90232     		N/A PC GENERAL OPERATING SUPPORT 25,000
    MUST MINISTRIES INC
    1407 COBB PARKWAY NW
    MARIETTA,GA30062     		N/A PC HOLIDAY PROGRAM SUPPORT 10,000
    NATIONAL OUTDOOR LEADERSHIP SCHOOL
    284 LINCOLN STREET
    LANDER,WY82520     		N/A PC GENERAL OPERATING SUPPORT 5,000
    NATIONAL PARKS CONSERVATION ASSOCIATION
    777 6TH STREET NW SUITE 700
    WASHINGTON,DC20001     		N/A PC GENERAL OPERATING SUPPORT 2,000
    POLITICAL ECONOMY RESEARCH CENTER
    2048 ANALYSIS DRIVESUITE A
    BOZEMAN,MT59718     		N/A PC GENERAL OPERATING SUPPORT 100,000
    PROTESTANT EPISCOPAL HIGH SCHOOL IN VIRGINIA
    1200 NORTH QUAKER LANE
    ALEXANDRIA,VA22302     		N/A PC GENERAL OPERATING SUPPORT 10,000
    SNOWMASS CHAPEL & COMMUNITY CENTER INC
    5307 OWL CREEK ROAD BOX 17169
    SNOWMASS VILLAGE,CO81615     		N/A PC GENERAL OPERATING SUPPORT 5,000
    SPORTSMEN'S ALLIANCE FOUNDATION
    801 KINGSMILL PARKWAY
    COLUMBUS,OH43229     		N/A PC GENERAL OPERATING SUPPORT 20,000
    TALLAHATCHIE GENERAL HOSPITAL MEDICAL FOUNDATION
    P O BOX 423
    CHARLESTON,MS38921     		N/A PC GENERAL OPERATING SUPPORT FOR WELLNESS CENTER 180,000
    TALLAHATCHIE GENERAL HOSPITAL MEDICAL FOUNDATION
    P O BOX 423
    CHARLESTON,MS38921     		N/A PC HOLIDAY PROGRAM SUPPORT FOR HOSPITAL EMPLOYEES 50,000
    TALLAHATCHIE GENERAL HOSPITAL MEDICAL FOUNDATION
    P O BOX 423
    CHARLESTON,MS38921     		N/A PC TUTWILER CLINIC FUND AND COMMUNITY CENTER SUPPORT 50,000
    TALLAHATCHIE GENERAL HOSPITAL MEDICAL FOUNDATION
    P O BOX 423
    CHARLESTON,MS38921     		N/A PC HOLIDAY PROGRAM SUPPORT 30,000
    TWIN BRIDGES KID COUNTRY LEARNING CENTER
    PO BOX 296314 S MAIN STREET
    TWIN BRIDGES,MT59754     		N/A PC GENERAL OPERATING SUPPORT 15,000
    UNITED WAY OF GREATER ATLANTA
    40 COURTLAND STREET SUITE 300
    ATLANTA,GA30303     		N/A PC GENERAL OPERATING SUPPORT 25,000
    USA CYCLING FOUNDATION
    210 USA CYCLING POINT SUITE 100
    COLORADO SPRINGS,CO80919     		N/A PC GENERAL OPERATING SUPPORT 2,500
    VISITING NURSE HEALTH SYSTEM
    5775 GLENRIDGE DRIVE NE SUITE E200
    ATLANTA,GA30328     		N/A PC GENERAL OPERATING SUPPORT 1,000
    VOX PRESS INC
    P O BOX 2954
    OXFORD,MS38655     		N/A PC SUPPORT FOR PRISON WRITES INITIATIVE 10,000
    WILD SALMON CENTER
    721 NW NINTH AVENUESUITE 300
    PORTLAND,OR97209     		N/A PC SUPPORT FOR STRONGHOLD FUND CAMPAIGN 200,000
    WOODWARD ACADEMY
    1662 RUGBY AVENUE
    COLLEGE PARK,GA30337     		N/A PC ANNUAL FUND SUPPORT 10,000
    YOUTH VILLAGES GEORGIA
    4685 DORSETT SHOALS ROAD
    DOUGLASVILLE,GA30135     		N/A PC HOLIDAY PROGRAM SUPPORT 5,000
    Total .................................bullet 3a 1,808,125
    bApproved for future payment
    WILD SALMON CENTER
    721 NW NINTH AVENUE
    PORTLAND,OR97209     		N/A PC SUPPORT FOR STRONGHOLD FUND CAMPAIGN 800,000
    Total .................................bullet 3b 800,000
    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 1,176,033  
    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.....     14 984  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 3,569,726  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPARTNERSHIPS - BOOK     		    14 274,459  
    bPARTNERSHIPS - UBIT 525990 -12,584      
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -12,584 5,021,202 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,008,618
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    J C KENNEDY FOUNDATION INC
     
    Employer identification number

    20-0424251
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    J C KENNEDY FOUNDATION INC
          		Employer identification number
    20-0424251
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    JAMES C KENNEDY
     
    6205-A PEACHTREE DUNWOODY ROAD
     
    ATLANTA, GA30328

    		$ 6,977,616


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    J C KENNEDY FOUNDATION INC
          		Employer identification number

    20-0424251
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PUBLICLY TRADED SECURITIES $ 6,977,616 2020-11-09
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    J C KENNEDY FOUNDATION INC
          		Employer identification number

    20-0424251
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    J C KENNEDY FOUNDATION INC
    EIN:
    20-0424251
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING EXPENSE 39,765 0   39,765

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    J C KENNEDY FOUNDATION INC
    EIN:
    20-0424251
    Name of Bond End of Year Book Value End of Year Fair Market Value
    TORONTO-DOMINION BANK 24,021 25,972
    AMERICAN EXPRESS CO 25,042 27,072
    AMERICAN EXPRESS CREDIT 19,838 20,513
    ANHEUSER-BUSCH INBEV FIN 22,870 28,270
    APPLE INC 23,589 27,288
    CVS HEALTH CORP 13,360 13,908
    FHLMC G0 8747 03%2047 59,647 64,274
    FEDERAL NATL MTGE ASSN 27,983 31,379
    FISERV INC 26,330 29,125
    MORGAN STANLEY 62,132 69,971
    ORACLE CORP 31,431 33,931
    U.S. TREASURY BOND 37,979 48,939
    U.S. TREASURY BOND 36,996 47,145
    U.S. TREASURY BOND 24,700 29,695
    U.S. TREASURY NOTE 88,135 103,208
    U.S. TREASURY NOTE 93,246 98,725
    U.S. TREASURY NOTE 2.250% FEB 15 2027 23,783 26,528
    WAL-MART STORES INC 28,974 31,449
    ALPHABET INC 23,982 23,986
    AMAZON.COM INC 47,256 47,689
    EXXON MOBIL CORPORATION 46,034 46,278
    JPMORGAN CHASE & CO 47,395 47,294
    U.S. TREASURY BOND 30,466 27,216
    U.S. TRSY INFLATION NTE 67,827 71,173
    U.S. TREASURY NOTE 31,346 32,698
    U.S. TREASURY NOTE 19,555 19,500
    U.S. TREASURY NOTE 59,941 60,010
    VERIZON COMMUNICATIONS 24,272 24,085
    VERIZON COMMUNICATIONS 24,565 24,234
    VISA INC 45,583 45,996

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    J C KENNEDY FOUNDATION INC
    EIN:
    20-0424251
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AIR PRODUCTS & CHEM 132,179 142,621
    ALIBABA GROUP HOLDING LT 120,371 161,747
    ALPHABET INC SHS CL A 67,384 101,653
    ALPHABET INC SHS CL C 67,344 101,609
    ALTRIA GROUP INC 129,618 105,411
    AMAZON COM INC COM 139,118 244,270
    AMERICAN FINL GRP HLDGS 39,293 41,882
    AMETEK INC NEW 15,100 24,793
    APPLE INC 90,478 251,182
    APPLIED INDUSTRL TECH 22,412 26,595
    ASSOCIATED BANC CRP .01 28,885 22,472
    ATMOS ENERGY CORP COM 20,635 21,376
    AUTODESK INC COM ISIN #US0527691069 SED 98,161 183,204
    AUTOMATIC DATA PROC 22,350 23,963
    AVANTOR INC 29,447 33,864
    BANCORPSOUTH BANK 26,147 23,406
    BANKUNITED INC 30,671 34,606
    BEACH POINT ACCESS LTD PFE 150619C00030000 1,250,000 1,550,530
    BERKLEY W R CORP 19,175 22,118
    BERKSHIRE HATHAWAYINC DEL CL B NEW 183,957 227,696
    BIO RAD LABS CL A 9,756 19,820
    BLACK HILLS CORP 24,612 25,440
    BLACKROCK ALLOCATION 446,789 490,100
    BLACKROCK ALLOCATION 548,621 561,025
    BLACKROCK INC 95,903 204,196
    BLACKROCK MULTI-SECTOR 983,876 877,000
    BOEING COMPANY 110,847 146,417
    CARLISLE COS INC 23,971 34,516
    CERNER CORP COM 50,473 55,171
    CHAMPIONX 33,728 22,415
    CHEVRON CORP 125,829 101,593
    CINN FINCL CRP OHIO 66,467 88,331
    CISCO SYSTEMS INC COM 63,736 56,698
    CISCO SYSTEMS INC COM 101,162 132,281
    CLARIVATE ANALYTICS PLC 9,586 17,707
    COCA COLA COM 63,182 74,637
    COLGATE PALMOLIVE 42,692 51,220
    COMCAST CORP NEW CL A 130,514 134,354
    COUSINS PROPS INC REIT 26,380 25,360
    CROWN CASTLE INTL CORP 104,208 148,365
    DEERE CO 73,002 129,951
    DIAGEO PLC SPSD ADR NEW FGN 128,780 150,711
    DISNEY (WALT) CO COM STK 85,650 124,652
    DOMINION RES INC NEW VA 121,071 127,088
    DOUBLELINE CORE FIXED 2,854,079 2,966,715
    DOUBLELINE TOTAL RETURN 2,949,770 2,984,750
    DOVER CORP 20,149 31,310
    ENVISTA HOLDINGS CORP 31,275 50,426
    EQUINIX INC 10,051 16,426
    EQUITY COMMONWEALTH 14,812 12,985
    EXPEDITORS INTL WASH INC 61,231 79,417
    FACEBOOK INC CLASS A COMMON STOCK 131,088 193,944
    FACTSET RESH SYS INC 43,301 50,873
    FASTENAL COMPANY 80,560 125,102
    FRANKLIN RES INC COM ISIN #US3546131018 69,995 54,378
    ILLUMINA INC COM 57,699 73,630
    INTEL CORP 93,972 124,102
    INTUITIVE SURGICAL INC NEW 27,778 44,177
    ISHARES CORE U.S. 973,693 976,826
    ISHARES EDGE MSCI 833,599 840,545
    ISHARES EDGE MSCI 610,063 569,022
    ISHARES EDGE MSCI 2,326,459 2,919,324
    ISHARES EDGE MSCI MIN 1,114,346 1,174,966
    ISHARES EDGE MSCI MIN VOL USA ETF 2,297,580 2,813,718
    ISHARES EDGE MSCI MIN VOL USA ETF 845,605 1,010,320
    ISHARES EDGE MSCI USA MOMENTUM FACTOR ETF 2,109,390 3,324,529
    ISHARES EDGE MSCI USA VALUE FACTOR ETF 1,830,410 2,005,518
    ISHARES MSCI EAFE 1,846,553 2,131,662
    ISHARES RUSSELL 1000 2,323,022 2,749,180
    ISHARES RUSSELL 1000 1,278,093 1,576,573
    ISHARES RUSSELL 1000 6,601 7,355
    JOHNSON AND JOHNSON COM 173,194 197,197
    LKQ CORP 26,418 44,720
    LOWE-S COMPANIES INC 93,696 190,204
    MADDEN STEVEN LTD 26,893 34,472
    MERCK AND CO INC SHS 116,662 142,087
    MICROCHIP TECHNOLOGY INC 17,498 27,070
    MICROSOFT CORP 89,423 141,014
    MICROSOFT CORP 62,410 191,504
    MONSTER BEVERAGE SHS 81,516 122,628
    MORNINGSTAR INC 21,410 31,957
    MULTIPLAN CORP 27,636 20,966
    NESTLE S A REP RG SH ADR 87,869 114,973
    NINTENDO CO LTD 126,620 144,372
    NISOURCE INC 33,798 30,487
    NOMAD FOODS LTD SHS 21,696 25,750
    NORFOLK SOUTHERN CORP 100,132 180,821
    NOVARTIS ADR 108,519 113,694
    NOVO NORDISK A S ADR 25,491 30,944
    NVIDIA CORP 56,248 159,793
    ORACLE CORP $0.01 DEL 109,535 132,679
    OTIS WORLDWIDE CORP REG 23,813 33,370
    PAYCHEX INC 70,971 121,600
    PFIZER INC 112,122 127,547
    PHILIP MORRIS INTL INC 99,479 96,616
    PIONEER NATURAL RES CO 13,976 19,361
    PTC INC SHS 14,099 22,965
    QUALCOMM INC 48,636 96,279
    REGAL BELOIT CORP WIS 32,336 42,369
    REGENERON PHARMACTCLS 62,944 87,443
    ROCHE HLDG LTD SPN ADR FGN 76,658 87,154
    RPM INTERNATIONAL INC 25,346 37,038
    SALESFORCE COM INC 88,112 129,958
    SCHLUMBERGER LTD FGN 52,838 38,181
    SEI INVT CO PA PV $0.01 48,158 49,137
    STARBUCKS CORP 71,970 89,328
    STATE STREET CORP 20,635 24,163
    TARGET CORP COM 62,954 157,112
    TELEDYNE TECH INC 8,650 16,071
    TENABLE HOLDINGS INC REG 15,610 23,935
    TERMINIX GLOBAL HOLDINGS INC COM 24,812 35,044
    TEXAS INSTRUMENTS 148,132 217,472
    TOUCHSTONE SANDS CAPITAL 2,371,218 3,308,601
    TREEHOUSE FOODS INC COM 15,975 12,917
    TRINET GROUP INC CALIF 4,860 7,012
    UNITED PARCEL SVC CL B 122,126 173,115
    VALMONT INDS INC 34,139 46,706
    VERIZON COMMUNICATNS COM 122,012 134,244
    VISA INC CL A SHRS 158,149 198,607
    VULCAN MATERIALS CO 12,576 15,424
    WORKDAY INC CL A 27,414 48,880
    YUM BRANDS INC 42,171 43,967
    YUM CHINA HOLDINGS INC 22,883 30,943

    TY 2020 InvestmentsOtherSchedule2
    Name:
    J C KENNEDY FOUNDATION INC
    EIN:
    20-0424251
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACADIAN ALL COUNTRY WORLD EX US FUND AT COST 678,490 826,449
    BDT CAPITAL PARTNERS FUND II, L.P. (TE) AT COST 1,056,881 1,248,378
    BDT CAPITAL PARTNERS FUND II-A SPIRITS, L.P. AT COST 13,210 23,227
    FALFURRIAS CAPITAL PARTNERS III, L.P. AT COST 376,733 2,676,931
    FALFURRIAS CAPITAL PARTNERS IV, L.P. AT COST 207,157 373,191
    H.I.G. ADVANTAGE BUYOUT FUND, L.P. AT COST 128,924 217,522

    TY 2020 OtherDecreasesSchedule
    Name:
    J C KENNEDY FOUNDATION INC
    EIN:
    20-0424251
    Description Amount
    ADJUSTMENT RELATED TO DONATED SECURITIES 3,752,099


    TY 2020 OtherExpensesSchedule
    Name:
    J C KENNEDY FOUNDATION INC
    EIN:
    20-0424251
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES/SUBSCRIPTIONS 7,530 0   7,530
    BANK FEES 1,317 1,317   0


    TY 2020 OtherIncomeSchedule2
    Name:
    J C KENNEDY FOUNDATION INC
    EIN:
    20-0424251
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME 984 984 0
    PARTNERSHIPS - NII 0 276,065 0
    PARTNERSHIPS - BOOK 274,459   274,459
    PARTNERSHIPS - UBIT -12,584   -12,584


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    J C KENNEDY FOUNDATION INC
    EIN:
    20-0424251
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING EXPENSE 15,000 0   15,000
    INVESTMENT MANAGEMENT FEES 192,323 192,323   0


    TY 2020 TaxesSchedule
    Name:
    J C KENNEDY FOUNDATION INC
    EIN:
    20-0424251
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL INCOME TAX 120,000 0   0
    FOREIGN TAXES PAID 5,360 1,900   0