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 07-01-2020 , and ending 06-30-2021
Name of foundation
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
CHARITABLE TRUST
Number and street (or P.O. box number if mail is not delivered to street address)820 BROAD STREET NO 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN37402
A Employer identification number

62-6268981
B Telephone number (see instructions)

(423) 755-8142
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$28,984,562J 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 35,280 35,280  
4 Dividends and interest from securities... 389,058 385,550  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 3,469,505
b Gross sales price for all assets on line 6a 11,456,528
7 Capital gain net income (from Part IV, line 2)... 3,469,435
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 -281,686 -98,380  
12 Total. Add lines 1 through 11........ 3,612,157 3,791,885  
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 9,552 4,776   4,776
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 13,164 13,114   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 469,976 419,402   24,362
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 492,692 437,292   29,138
25 Contributions, gifts, grants paid....... 1,997,000 1,997,000
26 Total expenses and disbursements. Add lines 24 and 25 2,489,692 437,292   2,026,138
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,122,465
b Net investment income (if negative, enter -0-) 3,354,593
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............. 79,313 394,924 394,924
2 Savings and temporary cash investments......... 303,377 404,230 404,230
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)....... 4,780,178 Click to see attachment10,469,696 11,302,298
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 16,918,761 Click to see attachment12,169,320 16,876,806
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment0 Click to see attachment6,304 Click to see attachment6,304
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 22,081,629 23,444,474 28,984,562
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) Click to see attachment0 Click to see attachment240,380
23 Total liabilities (add lines 17 through 22)......... 0 240,380
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........... 22,081,629 23,204,094
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 22,081,629 23,204,094
30 Total liabilities and net assets/fund balances (see instructions). 22,081,629 23,444,474
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
22,081,629
2
Enter amount from Part I, line 27a .....................
2
1,122,465
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
23,204,094
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,204,094
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 KW STRATUS, LLC P   2020-12-31
b RIVER V, L.P.. P   2020-12-31
c VERAN MEDICAL TECHNOLOGIES, INC. P   2020-12-31
d NXTHERA, INC. P   2020-12-31
e AEGEA MEDICAL P   2020-12-31
SHORT-TERM CAPITAL GAINS FROM PARTNERSHIP INVESTMENTS P   2020-12-31
LONG-TERM CAPITAL GAINS FROM PARTNERSHIP INVESTMENTS P   2020-12-31
1231 GAINS FROM PARTNERSHIP INVESTMENTS P   2020-12-31
1256 GAINS FROM PARTNERSHIP INVESTMENTS P   2020-12-31
SHORT TERM GAIN OR LOSS FROM UBS 5434      
SHORT TERM GAIN OR LOSS FROM UBS 5653      
SHORT TERM GAIN OR LOSS FROM UBS 5654      
SHORT TERM GAIN OR LOSS FROM UBS 5655      
SHORT TERM GAIN OR LOSS FROM UBS 5656      
SHORT TERM GAIN OR LOSS FROM UBS 5657      
SHORT TERM GAIN OR LOSS FROM UBS 5658      
SHORT TERM GAIN OR LOSS FROM UBS 5659      
SHORT TERM GAIN OR LOSS FROM UBS 5871      
LONG TERM GAIN OR LOSS FROM UBS 5656      
LONG TERM GAIN OR LOSS FROM UBS 5657      
LONG TERM GAIN OR LOSS FROM UBS 5659      
SHORT TERM GAIN OR LOSS FROM PERSHING 2076      
SHORT TERM GAIN OR LOSS FROM PERSHING 2145      
SHORT TERM GAIN OR LOSS FROM PERSHING 3036      
SHORT TERM GAIN OR LOSS FROM PERSHING 3101      
LONG TERM GAIN OR LOSS FROM PERSHING 2076      
LONG TERM GAIN OR LOSS FROM PERSHING 2145      
LONG TERM GAIN OR LOSS FROM PERSHING 3036      
LONG TERM GAIN OR LOSS FROM PERSHING 6151      
LONG TERM GAIN OR LOSS FROM PERSHING 3101      
KERN MEDICAL IV WRITEOFF P   2020-12-31
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 2,219,255   577,605 1,641,650
b 93,715   92,528 1,187
c 613,264   462,528 150,736
d 22,712   2,205 20,507
e 54,618   792,764 -738,146
    726,913 -726,913
1,780,716     1,780,716
104,030     104,030
    25,744 -25,744
318,183   320,629 -2,446
121,290   124,079 -2,789
129,508   129,313 195
138,972   170,934 -31,962
532,251   464,797 67,454
220,863   173,791 47,072
367,771   327,970 39,801
379,700   254,680 125,020
190,395   187,328 3,067
237,593   183,112 54,481
349,487   179,099 170,388
1,826,715   1,188,797 637,918
174   150 24
10,562   7,344 3,218
187,126   184,548 2,578
15,677   16,509 -832
380,416   330,150 50,266
43,054   25,090 17,964
29,463   29,844 -381
548,195   390,849 157,346
478,508   467,716 10,792
    150,000 -150,000
62,238     62,238
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,641,650
b       1,187
c       150,736
d       20,507
e       -738,146
      -726,913
      1,780,716
      104,030
      -25,744
      -2,446
      -2,789
      195
      -31,962
      67,454
      47,072
      39,801
      125,020
      3,067
      54,481
      170,388
      637,918
      24
      3,218
      2,578
      -832
      50,266
      17,964
      -381
      157,346
      10,792
      -150,000
      62,238
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 3,469,435
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 46,629
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 46,629
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 46,629
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 15,561
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 15,561
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 31,068
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletTN, AZ, CA, IL, IN
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletHUGH O MACLELLAN JR Telephone no.bullet (423) 755-8141

    Located atbullet820 BROAD STREET SUITE 300CHATTANOOGATN ZIP+4bullet37402
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 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
    HUGH O MACLELLAN JR SECRETARY & TREASURER
    0.50     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    CHRISTOPHER H MACLELLAN VICE PRESIDENT
    3.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    DANIEL O MACLELLAN PRESIDENT
    5.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    CATHERINE M HEALD VICE PRESIDENT
    1.00     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    ELIZABETH M LINDQUIST VICE PRESIDENT
    0.50     		0 0 0
    820 BROAD STREET SUITE 300
    CHATTANOOGA,TN37402
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (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
    6,397,383
    b
    Average of monthly cash balances.......................
    1b
    719,775
    c
    Fair market value of all other assets (see instructions)................
    1c
    17,115,070
    d
    Total (add lines 1a, b, and c).........................
    1d
    24,232,228
    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
    24,232,228
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    363,483
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    23,868,745
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,193,437
    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
    1,193,437
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    46,629
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    46,629
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,146,808
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,146,808
    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
    1,146,808
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    2,026,138
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    2,026,138
    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
    2,026,138
    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 1,146,808
    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......  
    b From 2016......  
    c From 2017...... 404,442
    d From 2018...... 797,217
    e From 2019...... 712,927
    fTotal of lines 3a through e........ 1,914,586
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 2,026,138
    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..... 1,146,808
    e Remaining amount distributed out of corpus 879,330
    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 2,793,916
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		2,793,916
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 404,442
    c Excess from 2018.... 797,217
    d Excess from 2019.... 712,927
    e Excess from 2020.... 879,330
    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 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
    BAYLOR SCHOOL THE
    171 BAYLOR SCHOOL ROAD
    CHATTANOOGA,TN37405     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 5,000
    CAMPUS CRUSADE FOR CHRIST INC
    100 LAKE HART DRIVE 2100
    ORLANDO,FL32832     		NONE 501(C)(3) FOR SPIRITUAL FORMATION AND EDUCATION. 5,000
    CHATTANOOGA CHRISTIAN SCHOOL INC
    3354 CHARGER DRIVE
    CHATTANOOGA,TN37409     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 10,000
    CHATTANOOGA CHRISTIAN SCHOOL INC
    3354 CHARGER DRIVE
    CHATTANOOGA,TN37409     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 40,000
    CHATTANOOGA CHRISTIAN SCHOOL INC
    3354 CHARGER DRIVE
    CHATTANOOGA,TN37409     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 10,000
    CHATTANOOGA CHURCH MINISTRIES INC
    PO BOX 11203
    CHATTANOOGA,TN37401     		NONE 501(C)(3) FOR OUTREACH TO THE INDIGENT. 20,000
    CHATTANOOGA PREP INC
    PO BOX 3809
    CHATTANOOGA,TN37404     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 20,000
    CHATTANOOGA PREP INC
    PO BOX 3809
    CHATTANOOGA,TN37404     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 7,000
    CHRISTIAN BROADCASTING NETWORK INC THE
    977 CENTERVILLE TURNPIKE
    VIRGINIA BEACH,VA23463     		NONE 501(C)(3) FOR A MEDIA DRIVEN PROJECT. 10,000
    CHURCH OF THE FIRST BORN
    PO BOX 2009
    CHATTANOOGA,TN37409     		NONE 501(C)(3) FOR OUTREACH TO YOUTH AND CHILDREN. 6,000
    COVENANT COLLEGE INC
    14049 SCENIC HIGHWAY
    LOOKOUT MOUNTAIN,GA30750     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 25,000
    COVENANT COLLEGE INC
    14049 SCENIC HIGHWAY
    LOOKOUT MOUNTAIN,GA30750     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 8,000
    FATHER RYAN HIGH SCHOOL
    770 NORWOOD DRIVE
    NASHVILLE,TN37204     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 5,000
    FCA - CHATTANOOGA AREA
    PO BOX 338
    HIXSON,TN37343     		NONE 501(C)(3) FOR OUTREACH TO YOUTH AND CHILDREN. 5,000
    FIRST THINGS FIRST INC
    620 LINDSAY STREET SUITE 100
    CHATTANOOGA,TN37403     		NONE 501(C)(3) FOR OUTREACH TO FAMILIES. 10,000
    FOCUS ON THE FAMILY
    8605 EXPLORER DRIVE
    COLORADO SPRINGS,CO80920     		NONE 501(C)(3) FOR OUTREACH TO FAMILIES. 20,000
    GLOBAL TRUST PARTNERS
    PO BOX 101132
    DENVER,CO80250     		NONE 501(C)(3) FOR INSPIRING OTHERS IN GENEROSITY. 12,000
    HANDS ON PERU
    107 EATON PLACE
    CARY,NC27513     		NONE 501(C)(3) FOR RESTORATION AND REHABILITATION PROGRAMS. 25,000
    HARPETH HALL SCHOOL
    3801 HOBBS ROAD
    NASHVILLE,TN37215     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 5,000
    HARPETH HALL SCHOOL
    3801 HOBBS ROAD
    NASHVILLE,TN37215     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 5,000
    HEALING GRACE INTERNATIONAL
    PO BOX 4508
    MOORESVILLE,NC28117     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 25,000
    HELPING HANDS MINISTRIES INC
    PO BOX 337
    TALLULAH FALLS,GA30573     		NONE 501(C)(3) FOR OUTREACH TO FAMILIES. 20,000
    HELPING HANDS MINISTRIES INC
    PO BOX 337
    TALLULAH FALLS,GA30573     		NONE 501(C)(3) FOR OUTREACH TO FAMILIES. 15,000
    HOMES AND HAVENS
    1807 BAILEY AVENUE
    CHATTANOOGA,TN37404     		NONE 501(C)(3) FOR RESTORATION AND REHABILITATION PROGRAMS. 5,000
    HOSANNA
    2421 AZTEC ROAD NE
    ALBUQUERQUE,NM87107     		NONE 501(C)(3) FOR SPIRITUAL FORMATION AND EDUCATION. 15,000
    INTERNATIONAL JUSTICE MISSION
    PO BOX 58147
    WASHINGTON,DC20037     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 12,000
    ITALY FOR CHRIST
    1301 SHILOH ROAD NW SUITE 321
    KENNESAW,GA30144     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 10,000
    LEADERSHIP INTERNATIONAL INC
    PO BOX 637
    BRENTWOOD,TN37024     		NONE 501(C)(3) FOR LEADERSHIP DEVELOPMENT OR TRAINING. 20,000
    LEGACY MISSION VILLAGE
    POBOX 2984
    BRENTWOOD,TN37027     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 10,000
    LIPSCOMB UNIVERSITY
    ONE UNIVERSITY PARK DRIVE
    NASHVILLE,TN37204     		NONE 501(C)(3) FOR SPIRITUAL FORMATION AND EDUCATION. 5,000
    LOOKOUT MOUNTAIN PRESBYTERIAN CHURCH
    316 N BRAGG AVENUE
    LOOKOUT MOUNTAIN,TN37350     		NONE 501(C)(3) FOR HOLISTIC COMMUNITY OUTREACH AND DEVELOPMENT. 5,000
    LUIS PALAU ASSOCIATION
    PO BOX 50
    PORTLAND,OR97207     		NONE 501(C)(3) FOR LEADERSHIP DEVELOPMENT OR TRAINING. 15,000
    METROPOLITAN MINISTRIES
    4001 ROSSVILLE BLVD
    CHATTANOOGA,TN37407     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 5,000
    MISSION TO THE WORLD PCA INC
    PO BOX 744165
    ATLANTA,GA30374     		NONE 501(C)(3) FOR OUTREACH TO YOUTH AND CHILDREN. 5,000
    NATIONAL CENTER FOR YOUTH ISSUES
    PO BOX 22185
    CHATTANOOGA,TN37422     		NONE 501(C)(3) FOR CONVENING LEADERS FOR LEARNING. 5,000
    NATIONS MINISTRY CENTER
    P O BOX 128154
    NASHVILLE,TN37212     		NONE 501(C)(3) FOR OUTREACH TO FAMILIES. 10,000
    NATIONS MINISTRY CENTER
    P O BOX 128154
    NASHVILLE,TN37212     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 5,000
    OC INTERNATIONAL INC
    5801 N UNION BLVD
    COLORADO SPRINGS,CO80918     		NONE 501(C)(3) FOR OUTREACH TO YOUTH AND CHILDREN. 7,500
    OPERATION ANDREW GROUP
    2021 21ST AVE SOUTH
    NASHVILLE,TN37212     		NONE 501(C)(3) FOR OUTREACH TO YOUTH AND CHILDREN. 15,000
    OPPORTUNITY INTERNATIONAL INC
    550 W VAN BUREN STE 200
    CHICAGO,IL60607     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 5,000
    PARTNERS FOR CHRISTIAN MEDIA INC
    PO BOX 24297
    CHATTANOOGA,TN37422     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 5,000
    PERU MISSION USA
    PO BOX 25912
    GREENVILLE,NC29616     		NONE 501(C)(3) FOR OUTREACH TO THE INDIGENT. 5,000
    PLIES
    PO BOX 1273
    WRIGHTWOOD,CA92397     		NONE 501(C)(3) FOR OUTREACH TO THE INDIGENT. 20,000
    PRAXIS INC
    409 W 45TH ST 3RD FLOOR
    NEW YORK,NY10036     		NONE 501(C)(3) FOR LEADERSHIP DEVELOPMENT OR TRAINING. 10,000
    PRECEPT MINISTRIES OF REACH OUT INC
    P O BOX 182218
    CHATTANOOGA,TN37422     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 15,000
    RECONCILED WORLD
    PO BOX 1131
    WHEATON,IL60187     		NONE 501(C)(3) FOR LEADERSHIP DEVELOPMENT OR TRAINING. 10,000
    REFUGE FOUNDATION
    PO BOX 1857
    BILLINGS,MT59103     		NONE 501(C)(3) FOR LEADER CARE. 50,000
    CALVARY CHAPEL CHATTANOOGA INC
    PO BOX 2127
    CHATTANOOGA,TN37409     		NONE 501(C)(3) FOR RESTORATION AND REHABILITATION PROGRAMS. 25,000
    RESTORATION SOUTHSIDE CHURCH
    3146 BROAD STREET
    CHATTANOOGA,TN37408     		NONE 501(C)(3) FOR BUILDING INFRASTRUCTURE. 35,000
    RESTORATION SOUTHSIDE CHURCH
    3146 BROAD STREET
    CHATTANOOGA,TN37408     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 15,000
    RONALD MCDONALD HOUSE CHARITIES OF NASHVILLE TENNESSEE INC
    2144 FAIRFAX AVENUE
    NASHVILLE,TN37212     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 5,000
    SALAMA URBAN MINISTRIES INC
    1205 8TH AVE SOUTH
    NASHVILLE,TN37203     		NONE 501(C)(3) FOR EDUCATION OF YOUTH AND CHILDREN. 10,000
    SHAOHANNAHS HOPE INC
    PO BOX 647
    FRANKLIN,TN37065     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 75,000
    SIM USA INCORPORATED
    P O BOX 7900
    CHARLOTTE,NC28241     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 5,000
    SNOWBOARDERS & SKIERS FOR CHRIST
    PO BOX 2082
    DILLON,CO80435     		NONE 501(C)(3) FOR BUILDING ORGANIZATIONAL CAPACITY. 15,000
    SNOWBOARDERS & SKIERS FOR CHRIST
    PO BOX 2082
    DILLON,CO80435     		NONE 501(C)(3) FOR LEADERSHIP DEVELOPMENT OR TRAINING. 15,000
    SPARC
    PO BOX 325
    HIXSON,TN37343     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 5,000
    ST PAUL'S EPISCOPAL CHURCH - CHATTANOOGA
    305 WEST 7TH STREET
    CHATTANOOGA,TN37402     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 5,000
    STREET GRACE INC
    5995 FINANCIAL DRIVE SUITE 180
    NORCROSS,GA30071     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 10,000
    THE HOUSE UNIVERSITY MINISTRIES OF CHATTANOOGA
    650 MCCALLIE AVE
    CHATTANOOGA,TN37403     		NONE 501(C)(3) FOR SPIRITUAL FORMATION AND EDUCATION. 5,000
    TRAINING GROUND
    PO BOX 49595
    COLORADO SPRINGS,CO80949     		NONE 501(C)(3) FOR LEADERSHIP DEVELOPMENT OR TRAINING. 15,000
    TRAINING GROUND
    PO BOX 49595
    COLORADO SPRINGS,CO80949     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 15,000
    TRUSTBRIDGE GLOBAL FOUNDATION USA INC
    1901 ULMERTON RD SUITE 400
    CLEARWATER,FL33629     		NONE 501(C)(3) FOR INSPIRING OTHERS IN GENEROSITY. 15,000
    VAPOR MINISTRIES INC
    338 TALLADEGA SPRINGS RD
    SYLACAUGA,AL35151     		NONE 501(C)(3) FOR OUTREACH TO THE INDIGENT. 8,000
    WEST NASHVILLE DREAM CENTER
    PO BOX 92456
    NASHVILLE,TN37209     		NONE 501(C)(3) FOR SPIRITUAL FORMATION AND EDUCATION. 75,000
    WEST NASHVILLE DREAM CENTER
    PO BOX 92456
    NASHVILLE,TN37209     		NONE 501(C)(3) FOR OUTREACH TO THE INDIGENT. 30,000
    WESTMONT COLLEGE
    955 LA PAZ RD
    SANTA BARBARA,CA93117     		NONE 501(C)(3) FOR OUTREACH TO FAMILIES. 10,000
    WORLD GOSPEL MISSION
    3783 EAST STATE ROAD 18
    MARION,IN46952     		NONE 501(C)(3) FOR PROVIDING HEALTH SERVICES. 3,000
    YOUNG LIFE CHATTANOOGA
    P O BOX 6231
    CHATTANOOGA,TN37401     		NONE 501(C)(3) FOR OUTREACH TO YOUTH AND CHILDREN. 20,000
    YOUNG LIFE CHATTANOOGA
    P O BOX 6231
    CHATTANOOGA,TN37401     		NONE 501(C)(3) FOR OUTREACH TO YOUTH AND CHILDREN. 20,000
    YOUNG LIFE CHATTANOOGA
    P O BOX 6231
    CHATTANOOGA,TN37401     		NONE 501(C)(3) FOR OUTREACH TO YOUTH AND CHILDREN. 3,000
    YOUTH FOR CHRIST INTERNATIONAL MINISTRIES
    P O BOX 4555
    ENGLEWOOD,CO80155     		NONE 501(C)(3) FOR OUTREACH TO YOUTH AND CHILDREN. 10,000
    YOUTH FOR CHRIST INTERNATIONAL MINISTRIES
    P O BOX 4555
    ENGLEWOOD,CO80155     		NONE 501(C)(3) FOR OUTREACH TO YOUTH AND CHILDREN. 5,000
    YOUTH FOR CHRIST INTERNATIONAL MINISTRIES
    P O BOX 4555
    ENGLEWOOD,CO80155     		NONE 501(C)(3) FOR OUTREACH TO YOUTH AND CHILDREN. 10,000
    CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION
    345 FRAZIER AVE UNIT 205
    CHATTANOOGA,TN37405     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 947,500
    BRIARWOOD PRESBYTERIAN
    2200 BRIARWOOD WAY
    BIRMINGHAM,AL35243     		NONE 501(C)(3) FOR GENERAL OPERATING SUPPORT. 3,000
    Total .................................bullet 3a 1,997,000
    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 ...........     		    14 35,280  
    4 Dividends and interest from securities....     14 385,550 3,508
    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.....     14 566  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 70 18 3,469,435  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aUNRELATED BUSINESS INCOME     		525990 -183,306      
    bPARTNERSHIPS OTHER PORTFOLIO INC     14 -74,491  
    cPARTNERSHIPS OTHER INCOME     14 -21,244  
    dPARTNERSHIPS ORDINARY INCOME     14 -3,214  
    eSECTION 965(A) INCOME INCLUSION         3
    12 Subtotal. Add columns (b), (d), and (e).. -183,236 3,791,882 3,511
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,612,157
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    7 TAX EXEMPT INCOME FROM PASSTHROUGH INVESTMENTS
    Form 990-PF (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:
    HUGH AND CHARLOTTE MACLELLAN CHARITABLE
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    KIG MANAGEMENT 9,552 4,776   4,776

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    HUGH AND CHARLOTTE MACLELLAN CHARITABLE
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    UNRELATED BUSINESS INCOME SHORT-TERM CAPITAL GAINS FROM PARTNERSHIPS   PURCHASED     77   COST 0 77  
    UNRELATED BUSINESS INCOME SHORT-TERM CAPITAL GAINS FROM PARTNERSHIPS   PURCHASED       7 COST 0 -7  

    TY 2020 GeneralExplanationAttachment
    Name:
    HUGH AND CHARLOTTE MACLELLAN CHARITABLE
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Identifier Return Reference Explanation
    DONOR ADVISED FUNDS FORM 990-PF, PART VII-A, LINE 12 CONTRIBUTIONS TOTALING $947,500 WERE MADE BETWEEN JULY 1, 2020 AND JUNE 30, 2021 TO A DONOR ADVISED FUND AT CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION (DBA THE GENEROSITY TRUST), EIN# 62-1536731; WITH $947,500 BEING DISTRIBUTED IN THE SAME FISCAL YEAR. THE TRUST RETAINED ADVISORY PRIVILEGES. CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION ("CCCF") IS A SECTION 509(A)(1) ORGANIZATION AS REFERRED TO IN SECTION 170(B)(1)(A)(VI). THE ENTIRE AMOUNT WAS TREATED AS A QUALIFYING DISTRIBUTION IN PART XV, LINE 3, CONTRIBUTIONS, GIFTS, GRANTS PAID (STATEMENT #16). THE DONOR-ADVISED FUND AGREEMENT BETWEEN THE HUGH AND CHARLOTTE MACLELLAN CHARITABLE TRUST AND CCCF INCLUDES THE FOLLOWING:"CCCF SHALL RECEIVE, REVIEW AND CONSIDER WRITTEN RECOMMENDATIONS FROM THE COMMITTEE CONCERNING GRANTS MADE FROM THE FUND AND ANY CONDITIONS WHICH SHOULD BE PLACED UPON SUCH GRANTS. THE FINAL DECISION CONCERNING SUCH MATTERS SHALL BE MADE BY THE BOARD OF DIRECTORS OF CCCF.""NO INCOME OR PRINCIPAL OF THE FUND SHALL BE USED FOR ANY PURPOSE OR PAID TO ANY BENEFICIARY IF SUCH USE OR PAYMENT WOULD NOT BE PERMITTED BY THE INTERNAL REVENUE CODE (THE "CODE") OR REGULATIONS THEREUNDER FOR AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE, TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE CODE."

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    HUGH AND CHARLOTTE MACLELLAN CHARITABLE
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ATLANTA CATHETER THERAPIES 58,620 33,223
    NXPHASE 8,110 8,110
    NXTHERA 0 63,000
    VERAN MEDICAL TECHNOLOGIES 0 133,931
    UBS 5434 1,045,802 1,047,223
    UBS 5653 795,101 795,343
    UBS 5654 1,044,472 1,099,870
    UBS 5655 536,361 507,989
    UBS 5656 1,539,220 1,707,230
    UBS 5657 771,419 811,672
    UBS 5658 2,480,923 2,744,144
    UBS 5659 628,555 640,335
    UBS 5817 1,561,113 1,710,228

    TY 2020 InvestmentsOtherSchedule2
    Name:
    HUGH AND CHARLOTTE MACLELLAN CHARITABLE
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AERIAL BIOPHARMA, LLC AT COST 1,487,966 5,055
    ARRIVO BIOVENTURES, LLC AT COST 458,850 550,031
    BOW RIVER CAPITAL 2017-QP FUND, LP AT COST 223,815 215,887
    C-III RECOVERY FUND II LP AT COST 252,716 444,926
    CEVIAN CAPITAL II, LP AT COST 392,936 773,610
    DYNAMO FUND I, LP AT COST 400,241 1,746,346
    DYNAMO FUND II, LP AT COST 160,736 195,000
    DYNAMO-GATIK LLC AT COST 45,463 45,463
    DYNAMO-SKUPOS, LLC AT COST 59,707 60,000
    DYNAMO-STORD SPV II, LLC AT COST 101,033 219,588
    FULCRUM GROWTH FUND III QP, LLC AT COST 0 424,240
    GCM GROSVENOR MACLELLAN INVESTMENT FUND LP AT COST 42,438 65,345
    GOODWATER CAPITAL IV L.P. AT COST 13,750 13,750
    H20EY AT COST 210,561 212,529
    KERN CAPITAL LLC AT COST 100,000 100,000
    KERN GENOMIC LLC AT COST 100,000 100,000
    KERN ODYSSEUS LLC AT COST 100,000 100,000
    KNOBB BIOSCIENCES LLC AT COST 366,409 500,000
    IR B FUND, A SERIES OF PATHBREAKER SPV, LP AT COST 100,185 100,186
    MIDNIGHT PHARMA, LLC AT COST 15,080 55,590
    NEXGEN VENTURES FUND II, LP AT COST 137,560 162,459
    NORTH AVENUE CAPITAL, LLC AT COST 468,000 500,000
    ONO FOOD CO. AT COST 100,638 100,000
    PATHBREAKER VENTURES FUND II LP AT COST 187,177 179,745
    PORTFOLIO ADVISORS SECONDARY FUND III, L.P. AT COST 642,751 958,213
    RA CAPITAL HEALTHCARE FUND, LP AT COST 421,221 399,273
    RELEVANCE CAPITAL III LP AT COST 456,320 998,351
    RESOLUTE CAPITAL PARTNERS FUND IV, L.P. AT COST 729,317 1,015,498
    RESOURCE LAND FUND, III, LLC AT COST 120,079 130,509
    RIVER VI, L.P. AT COST 0 151,922
    RIVER VII AT COST 651,867 851,963
    SIGNIA VENTURE PARTNERS III, LP AT COST 193,971 224,488
    SIMBE ROBOTICS AT COST 100,250 100,250
    TENTH STREET FINANCIAL OPPORTUNITY FUND II, L.P. AT COST 9,337 30,833
    TORIC LABS SPV SERIES A AT COST 100,970 100,970
    VALOR OPPORTUNITY FUND I LP AT COST 328,961 354,367
    VALOR VENTURE FUND II LP AT COST 815,757 2,279,733
    VALOR VENTURE FUND III, L.P. AT COST 308,879 596,206
    GOLUB PARTNERS INTERNATIONAL AT COST 1,383,665 1,810,148
    HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS OFFSHORE LP AT COST 380,714 4,332

    TY 2020 OtherAssetsSchedule
    Name:
    HUGH AND CHARLOTTE MACLELLAN CHARITABLE
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INVESTMENTS RECEIVABLE   6,304 6,304


    TY 2020 OtherExpensesSchedule
    Name:
    HUGH AND CHARLOTTE MACLELLAN CHARITABLE
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEES THROUGH BROKERS 49,037 49,037   0
    PORTFOLIO DEDUCTIONS THROUGH PARTNERSHIPS 14,046 14,046   0
    INVESTMENT INTEREST THROUGH PARTNERSHIPS 76,608 76,608   0
    OTHER PARTNERSHIP DEDUCTIONS 278,162 278,162   0
    NON DEDUCTIBLE EXPENSES THROUGH PARTNERSHIPS 26,212 0   0
    OTHER PARTNERSHIP MANAGEMENT FEES 579 579   0
    OFFICE EXPENSE REIMBURSEMENTS 24,039 0   24,039
    BANK CHARGE & WIRE FEE 1,291 968   323
    SECTION 965(C) DEDUCTION 2 2   0


    TY 2020 OtherIncomeSchedule2
    Name:
    HUGH AND CHARLOTTE MACLELLAN CHARITABLE
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIPS ROYALTIES 15 15 15
    OTHER MISC INCOME 551 551 551
    UNRELATED BUSINESS INCOME -183,306 0 -183,306
    PARTNERSHIPS OTHER PORTFOLIO INC -74,491 -74,491 -74,491
    PARTNERSHIPS OTHER INCOME -21,244 -21,244 -21,244
    PARTNERSHIPS ORDINARY INCOME -3,214 -3,214 -3,214
    SECTION 965(A) INCOME INCLUSION 3 3 3


    TY 2020 OtherLiabilitiesSchedule
    Name:
    HUGH AND CHARLOTTE MACLELLAN CHARITABLE
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Description Beginning of Year - Book Value End of Year - Book Value
    EARLY DISTRIBUTIONS 0 240,380


    TY 2020 TaxesSchedule
    Name:
    HUGH AND CHARLOTTE MACLELLAN CHARITABLE
     
    CHARITABLE TRUST
    EIN:
    62-6268981
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD FROM INCOME 4,032 4,032   0
    FOREIGN TAX WITHHELD THROUGH PARTNERSHIPS 7,641 7,641   0
    FEDERAL AND STATE EXCISE TAX 50 0   0
    STATE TAX WITHHELD FROM PARTNERSHIP INCOME 1,441 1,441   0