Form990-PF
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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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 10-01-2021 , and ending 09-30-2022
Name of foundation
KELLY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)2480 NATOMAS PARK DRIVE 150
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SACRAMENTO, CA95833
A Employer identification number

68-0175739
B Telephone number (see instructions)

(916) 567-2632
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$29,342,826J 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) 318,643
2 Check bullet.............
3 Interest on savings and temporary cash investments 865 865  
4 Dividends and interest from securities... 418,232 418,232  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 316,833
b Gross sales price for all assets on line 6a 9,056,898
7 Capital gain net income (from Part IV, line 2)... 316,833
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 945,130 945,130  
12 Total. Add lines 1 through 11........ 1,999,703 1,681,060  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 830 0   830
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 27,400 0   27,400
c Other professional fees (attach schedule).... Click to see attachment 56,431 650   55,781
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 24,669 0   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 6,595 0   6,595
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 115,925 650   90,606
25 Contributions, gifts, grants paid....... 847,100 847,100
26 Total expenses and disbursements. Add lines 24 and 25 963,025 650   937,706
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,036,678
b Net investment income (if negative, enter -0-) 1,680,410
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 70,962 332 332
2 Savings and temporary cash investments......... 17,771 1,560,407 1,560,407
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) bullet10,224,716
Less: allowance for doubtful accounts bullet0 9,427,735 Click to see attachment10,224,716 10,224,716
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 8,147 3,898 3,898
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 23,424,899 Click to see attachment17,553,373 17,553,373
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 attachment100 Click to see attachment100
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,949,514 29,342,826 29,342,826
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........ 32,949,514 29,342,826
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)..... 32,949,514 29,342,826
30 Total liabilities and net assets/fund balances (see instructions). 32,949,514 29,342,826
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
32,949,514
2
Enter amount from Part I, line 27a .....................
2
1,036,678
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
33,986,192
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,643,366
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
29,342,826
Form 990-PF (2021)
Form 990-PF (2021)
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 EMBECTA CORP P 2018-01-08 2022-04-01
b EMBECTA CORP P 2018-04-03 2022-04-01
c EMBECTA CORP P 2019-04-08 2022-04-01
d EMBECTA CORP P 2020-07-28 2022-04-01
e CLOROX COMPANY P 2018-01-08 2021-12-22
CLOROX COMPANY P 2018-04-03 2021-12-22
CLOROX COMPANY P 2019-04-08 2021-12-22
GENL MILLS INC P 2018-01-08 2021-12-22
GENL MILLS INC P 2018-04-03 2021-12-22
GENL MILLS INC P 2019-04-08 2021-12-22
INTEL CORP P 2018-01-08 2021-12-22
INTEL CORP P 2018-04-03 2021-12-22
INTEL CORP P 2019-04-08 2021-12-22
JM SMUCKER CO P 2018-01-08 2021-12-22
JM SMUCKER CO P 2018-04-03 2021-12-22
JM SMUCKER CO P 2019-04-08 2021-12-22
ORGANON & CO P 2018-01-08 2021-12-22
ORGANON & CO P 2018-04-03 2021-12-22
ORGANON & CO P 2019-04-08 2021-12-22
ORGANON & CO P 2020-07-28 2021-12-22
ORION OFFICE REIT INC P 2021-11-15 2021-11-15
ORION OFFICE REIT INC P 2021-11-15 2021-12-22
REALTY INCOME CORP P 2018-01-08 2021-12-22
REALTY INCOME CORP P 2018-04-03 2021-12-22
REALTY INCOME CORP P 2019-04-08 2021-12-22
SOUTH JERSEY INDS INC P 2018-01-08 2021-12-22
SOUTH JERSEY INDS INC P 2018-04-03 2021-12-22
SOUTH JERSEY INDS INC P 2019-04-08 2021-12-22
3M CO P 2018-01-08 2021-12-22
3M CO P 2018-04-03 2021-12-22
3M CO P 2019-04-08 2021-12-22
VF CORPORATION P 2018-01-08 2021-12-22
VF CORPORATION P 2018-04-03 2021-12-22
VF CORPORATION P 2019-04-08 2021-12-22
VF CORPORATION P 2020-07-28 2021-12-22
VERIZON COMMUNICATIONS P 2018-01-08 2021-12-22
VERIZON COMMUNICATIONS P 2018-04-03 2021-12-22
VERIZON COMMUNICATIONS P 2019-04-08 2021-12-22
ISHARES TOTAL USD BOND MARKET ETF P 2022-03-08 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2022-03-08 2022-03-18
VANGUARD SHORT TERM TREASURY ETF P 2021-02-01 2022-03-18
VANGUARD SHORT TERM TREASURY ETF P 2021-02-01 2022-03-18
VANGUARD SHORT TERM TREASURY ETF P 2021-02-01 2022-03-18
VANGUARD SHORT TERM TREASURY ETF P 2021-02-01 2022-03-18
VANGUARD SHORT TERM TREASURY ETF P 2021-02-01 2022-03-18
ISHARES TOTAL USD BOND MARKET ETF P 2021-01-06 2022-03-18
ISHARES TOTAL USD BOND MARKET ETF P 2021-01-06 2022-03-18
ISHARES TOTAL USD BOND MARKET ETF P 2021-01-06 2022-03-18
ISHARES TOTAL USD BOND MARKET ETF P 2021-01-06 2022-03-18
ISHARES TOTAL USD BOND MARKET ETF P 2021-01-06 2022-03-18
ISHARES TOTAL USD BOND MARKET ETF P 2021-01-06 2022-03-18
ISHARES TOTAL USD BOND MARKET ETF P 2021-02-16 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-02-08 2022-03-18
ISHARES TOTAL USD BOND MARKET ETF P 2021-01-06 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-01-06 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-12-08 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-07-09 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-03-08 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-10-08 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-06-08 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2022-02-08 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-04-09 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-08-09 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-11-08 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-05-10 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-03-12 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-12-23 2022-03-18
ISHARES TOTAL USD BOND M ARKET ETF P 2021-09-09 2022-03-18
VANGUARD SHORT TERM COR BD ETF P 2021-06-07 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-11-05 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-03-10 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-04-08 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-03-12 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-03-12 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-07-08 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-02-05 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2022-02-07 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-02-23 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-10-07 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-02-16 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-08-06 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-12-30 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2022-03-07 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-03-05 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-12-07 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-01-06 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2022-03-07 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-12-30 2022-03-17
VANGUARD MID CAP ETF P 2021-02-16 2022-03-17
VANGUARD MID CAP ETF P 2021-03-03 2022-03-17
VANGUARD MID CAP ETF P 2021-01-15 2022-03-17
VANGUARD MID CAP ETF P 2021-01-08 2022-03-17
VANGUARD MID CAP ETF P 2021-01-08 2022-03-17
VANGUARD MID CAP ETF P 2021-02-16 2022-03-17
VANGUARD MID CAP ETF P 2021-01-08 2022-03-17
DODGE & COX INCOME P 2021-12-20 2022-03-17
DODGE & COX INCOME P 1997-02-14 2022-03-17
DODGE & COX INCOME P 2021-09-27 2022-03-17
DODGE & COX INCOME P 2021-12-20 2022-03-17
DODGE & COX INCOME P 2021-12-20 2022-03-17
DFA ONE-YEAR FIXED-INCOM E I P 2021-12-13 2022-03-17
DFA ONE-YEAR FIXED-INCOM E I P 2022-02-25 2022-03-17
DFA ONE-YEAR FIXED-INCOM E I P 1993-01-25 2022-03-17
DFA ONE-YEAR FIXED-INCOM E I P 2022-01-28 2022-03-17
DFA SHORT-TERM GOVERNMEN T I P 1993-01-25 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-09-08 2022-03-17
VANGUARD MID CAP ETF P 2021-03-03 2022-03-17
VANGUARD MID CAP ETF P 2021-03-03 2022-03-17
VANGUARD MID CAP ETF P 2021-02-16 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-05-07 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-01-06 2022-03-17
VANGUARD SHORT TERM COR BD ETF P 2021-01-06 2022-03-17
PAYDEN GLOBAL FIXED INCO ME P 2006-02-06 2022-03-17
PAYDEN GLOBAL FIXED INCO ME P 2021-12-30 2022-03-17
PAYDEN GLOBAL FIXED INCO ME P 2022-02-25 2022-03-17
PAYDEN GLOBAL FIXED INCO ME P 2022-01-28 2022-03-17
PAYDEN GLOBAL FIXED INCO ME P 2021-12-23 2022-03-17
VANGUARD MID CAP ETF P 2021-03-03 2022-03-17
PAYDEN GLOBAL FIXED INCO ME P 2021-12-23 2022-03-17
VANGUARD MID CAP ETF P 2021-12-31 2022-03-17
VANGUARD MID CAP ETF P 2021-03-03 2022-03-17
VANGUARD MID CAP ETF P 2021-03-31 2022-03-17
VANGUARD MID CAP ETF P 2021-06-30 2022-03-17
VANGUARD MID CAP ETF P 2021-09-30 2022-03-17
VANGUARD MID CAP ETF P 2021-03-03 2022-03-17
VANGUARD MID CAP ETF P 2021-03-03 2022-03-17
VANGUARD MID CAP ETF P 2021-12-31 2022-03-17
DFA SHORT-TERM GOVERNMEN T I P 2021-12-13 2022-03-17
SCHWAB US SMALL CAP ETF P 2021-01-08 2022-03-11
DODGE & COX INCOME P 1997-02-14 2021-11-22
ST/LT CAPITAL GAIN DISTRIBUTIONS P 2021-10-01 2022-09-30
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6   5 1
b 6   5 1
c 2   2 0
d 3   3 0
e 4,256   3,649 607
4,256   3,200 1,056
1,702   1,537 165
4,052   3,698 354
4,052   2,736 1,316
1,961   1,533 428
4,219   3,685 534
4,219   4,054 165
1,423   1,556 -133
3,856   3,649 207
3,856   3,532 324
1,596   1,413 183
189   171 18
189   161 28
55   71 -16
76   96 -20
13   12 1
280   309 -29
4,950   3,690 1,260
4,940   3,471 1,469
1,609   1,585 24
3,069   3,679 -610
3,069   3,419 -350
1,228   1,531 -303
2,754   3,848 -1,094
2,754   3,421 -667
1,033   1,286 -253
3,324   3,482 -158
3,324   3,330 -6
1,246   1,513 -267
5,678   4,991 687
3,691   3,662 29
3,691   3,300 391
1,371   1,536 -165
49   49 0
2,032   2,050 -18
143,039   147,840 -4,801
73,308   75,768 -2,460
8,165   8,439 -274
35,760   36,960 -1,200
54,117   55,933 -1,816
64,948   70,551 -5,603
4,996   5,427 -431
33,223   36,090 -2,867
4,996   5,427 -431
79,936   86,832 -6,896
66,696   72,450 -5,754
232,313   250,217 -17,904
1,214   1,313 -99
169,863   184,518 -14,655
262,988   285,677 -22,689
1,779   1,887 -108
1,900   2,040 -140
1,502   1,588 -86
2,200   2,331 -131
1,906   2,032 -126
2,026   2,075 -49
2,066   2,187 -121
2,091   2,246 -155
2,234   2,384 -150
1,874   1,993 -119
472,120   498,582 -26,462
1,506   1,594 -88
2,000   2,150 -150
1,487   1,571 -84
1,387   1,453 -66
3,212   3,375 -163
1,573   1,658 -85
53,434   56,163 -2,729
189,449   199,122 -9,673
1,398   1,477 -79
833   884 -51
1,406   1,434 -28
78,350   82,930 -4,580
1,476   1,550 -74
235,049   249,270 -14,221
1,471   1,552 -81
2,535   2,628 -93
62   62 0
1,146   1,206 -60
1,371   1,424 -53
6,503   6,901 -398
1,262   1,276 -14
1,385   1,436 -51
244,612   237,698 6,914
22,990   21,856 1,134
551,757   509,280 42,477
11,495   10,645 850
34,485   31,935 2,550
11,495   11,170 325
586,242   542,895 43,347
12,236   11,689 547
1,801,159   1,720,645 80,514
8,482   8,103 379
7,342   7,013 329
902   861 41
31   31 0
88   89 -1
891,969   896,390 -4,421
55   55 0
617,122   637,838 -20,716
1,442   1,519 -77
20,691   19,670 1,021
94,488   89,828 4,660
8,276   8,042 234
1,450   1,533 -83
56,177   59,611 -3,434
493,602   523,782 -30,180
519,463   540,145 -20,682
6,914   7,189 -275
581   604 -23
591   615 -24
1,252   1,302 -50
160,929   152,992 7,937
2,179   2,266 -87
6,335   7,046 -711
1,839   1,748 91
5,046   4,859 187
5,170   5,341 -171
4,599   4,795 -196
9,426   8,961 465
11,495   10,928 567
90   100 -10
404   418 -14
3   3 0
99,686   89,752 9,934
336,674     336,674
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
b       1
c       0
d       0
e       607
      1,056
      165
      354
      1,316
      428
      534
      165
      -133
      207
      324
      183
      18
      28
      -16
      -20
      1
      -29
      1,260
      1,469
      24
      -610
      -350
      -303
      -1,094
      -667
      -253
      -158
      -6
      -267
      687
      29
      391
      -165
      0
      -18
      -4,801
      -2,460
      -274
      -1,200
      -1,816
      -5,603
      -431
      -2,867
      -431
      -6,896
      -5,754
      -17,904
      -99
      -14,655
      -22,689
      -108
      -140
      -86
      -131
      -126
      -49
      -121
      -155
      -150
      -119
      -26,462
      -88
      -150
      -84
      -66
      -163
      -85
      -2,729
      -9,673
      -79
      -51
      -28
      -4,580
      -74
      -14,221
      -81
      -93
      0
      -60
      -53
      -398
      -14
      -51
      6,914
      1,134
      42,477
      850
      2,550
      325
      43,347
      547
      80,514
      379
      329
      41
      0
      -1
      -4,421
      0
      -20,716
      -77
      1,021
      4,660
      234
      -83
      -3,434
      -30,180
      -20,682
      -275
      -23
      -24
      -50
      7,937
      -87
      -711
      91
      187
      -171
      -196
      465
      567
      -10
      -14
      0
      9,934
      336,674
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 2 316,833
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 23,358
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 23,358
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 16,760
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 14,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 30,760
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  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 7,402
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet7,402 RefundedBullet 11 0
Part VI-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 XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 addressbulletKELLYFOUNDATIONSACRAMENTO.ORG
    14
    The books are in care ofbulletBEA ANN BARBEE Telephone no.bullet (916) 567-2632

    Located atbullet2480 NATOMAS PARK DRIVE 150SACRAMENTOCA ZIP+4bullet95833
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    SHAWN L DEVLIN PRESIDENT
    1.00     		0 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    SCOTT G NICHOLS TREASURER
    1.50     		0 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    BEA ANN BARBEE ASSISTANT TREASURER
    1.50     		830 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    KATHY BIMSON SECRETARY
    3.00     		0 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    GREGORY G KELLY DIRECTOR
    0.15     		0 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    JON M KELLLY DIRECTOR
    0.30     		0 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    RILEY GARDNER DIRECTOR
    0.30     		0 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    ANKER CHRISTENSEN DIRECTOR
    0.30     		0 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    AMBER HOLWELL DIRECTOR
    0.50     		0 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    MIKE NEWELL DIRECTOR
    0.30     		0 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    STEPHEN FLEMING DIRECTOR
    0.30     		0 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    STEPHEN H JOHANSON DIRECTOR
    0.30     		0 0 0
    2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    21,205,884
    b
    Average of monthly cash balances.......................
    1b
    1,442,587
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    22,648,471
    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
    22,648,471
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    339,727
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    22,308,744
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    1,115,437
    Part X
    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 IX, line 6..................
    1
    1,115,437
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    23,358
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    23,358
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,092,079
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,092,079
    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 XII, line 1 ...
    7
    1,092,079
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 1,092,079
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 800,353
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 937,706
    a Applied to 2020, but not more than line 2a 800,353
    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 2021 distributable amount..... 137,353
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		954,726
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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).)
    GREGORY G KELLY
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    ONLINE SUBMITTAL ONLY - KELLYFOUNDA
    2480 NATOMAS PARK DR
    SACRAMENTO,CA95833
    (916) 978-4892
    INFO@KELLYFOUNDATIONSACRAMENTO.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS ARE PROCESSED THROUGH ONLINE SUBMITTALS ONLY AT KELLYFOUNDATIONSACRAMENTO.ORG. THE APPLICANTS MUST REVIEW THE GUIDELINES AVAILABLE ON THE WEBSITE PRIOR TO SUBMITTING A COMPLETED APPLICATION.
    cAny submission deadlines:
    THE ANNUAL DEADLINE DATES FOR SUBMISSION ARE OCTOBER 15, JANUARY 15, APRIL 15 AND JULY 15.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    KELLY FOUNDATION WILL CONSIDER GRANT REQUESTS IN HEALTH AND HUMAN SERVICES, EDUCATION; AND CULTURE AND CIVIC IMPROVMENT. THE FOUNDATION WILL NOT CONSIDER GRANTS TO RELIGIOUS ORGANIZATION FOR EXPLICIT RELIGIOULS ACTIVITIES, AS DISTINGUISHED FROM SOCIAL OR EDUCATIONAL ACTIVITIES; POLITICAL CAMPAIGNS; FRATERNAL ORGANIZATION; LABOR SOCIETIES OR ORDERS; TELEPHONE SOLICITATIONS; AND NATIONAL FUNDRAISING EFFORTS. GUIDELINES FOR RESTRICTIONS OR LIMITATION ON AWARDS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE AT KELLYFOUNDATIONSACRAMENTO.ORG.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    3STRANDS GLOBAL
    3491 PARK DRIVE SUITE 20-200
    EL DORADO HILLS,CA95762     		NONE 501C(3) EMPLOY + EMPOWER 10,000
    CANINE COMPANIONS
    2965 DUTTON AVENUE
    SANTA ROSA,CA954075711     		NONE 501C(3) PROGRAM SUPPORT IN SACRAMENTO 10,000
    CAREER TECHNICAL EDUCATION FOUNDATION SONOMA COUNTY
    1030 APOLLO WAY SUITE 200
    SANTA ROSA,CA95407     		NONE 501C(3) CAREER CONNECTED LEARNING 10,000
    CITY YEAR SACRAMENTO
    3400 3RD AVENUE
    SACRAMENTO,CA95817     		NONE 501C(3) WHOLE SCHOOL, WHOLE CHILD 5,000
    COLLEGE TRACK
    2450 ALHAMBRA BLVD
    SACRAMENTO,CA95817     		NONE 501C(3) SACRAMENTO SCHOLARSHIPS 10,000
    FAMILY HOUSE INC
    540 MISSION BAY BLVD
    SAN FRANCISCO,CA94158     		NONE 501C(3) FAMILY SUPPORT PROGRAM 5,000
    HOMEWARD BOUND
    7495 NATOMAS ROAD
    ELVERTA,CA95626     		NONE 501C(3) VETERINARY EQUIPMENT 5,000
    JUMA VENTURES
    131 STEUART STREET SUITE 201
    SAN FRANCISCO,CA94105     		NONE 501C(3) JUMA SACRAMENTO YOUTH CONNECT 5,000
    JUNIOR ACHIEVEMENT OF SACRAMENTO
    PO BOX 255602
    SACRAMENTO,CA95865     		NONE 501C(3) JA WORK$ FOR FUTURE SUCCESS 5,000
    THE MARTIN LUTHER KING JR FREEDOM CENTER
    333 E 8TH STREET
    OAKLAND,CA94606     		NONE 501C(3) YOLO COUNTY ETHICAL LEADERSHIP ACADEMY 7,000
    MERCY HOUSING
    2512 RIVER PLAZA DRIVE STE 200
    SACRAMENTO,CA95833     		NONE 501C(3) MHC SACRAMENTO RESIDENT SERVICES PROGRAM 15,000
    RIVER CITY FOOD BANK
    1800 8TH STREET
    SACRAMENTO,CA95816     		NONE 501C(3) BACK SNACKS FOR KIDS 10,000
    SACRAMENTO FOOD BANK & FAMILY SERVICES
    3333 THIRD AVENUE
    SACRAMENTO,CA95817     		NONE 501C(3) INCREASING FOOD ACCESS AND DISTRIBUTION 20,000
    SACRAMENTO LIFE CENTER
    2316 BELL EXECUTIVE LANE
    SACRAMENTO,CA95825     		NONE 501C(3) HELPING LOW INCOME PREGNANT WOMEN AND NEW MOMS 5,000
    SACRAMENTO LOAVES & FISHES
    PO BOX 13495
    SACRAMENTO,CA95813     		NONE 501C(3) GENESIS MENTAL HEALTH 15,000
    SOIL BORN FARMS
    PO BOX 661175
    RANCHO CORDOVA,CA95670     		NONE 501C(3) ROOTS & WINGS YOUTH EDUCATION 5,000
    TEEN SUCCESS INC SOBRATO CENTER FOR NONPROFITS
    508 VALLEY WAY
    MILPITAS,CA95035     		NONE 501C(3) SACRAMENTO TEEN SUCCESS PROGRAM 5,000
    WOMENS EMPOWERMENT
    1590 NORTH A STREET
    SACRAMENTO,CA95811     		NONE 501C(3) WOMEN AND CHILDRE RISE FROM HOMELESSNESS 10,000
    YOLO CRISIS NURSERY INC
    1107 KENNEDY PLACE SUITE 5
    DAVIS,CA95616     		NONE 501C(3) CAPITAL FUNDRAISING PROJECT 100,000
    ALAMEDA COUNTY COMMUNITY FOOD BANK
    7900 EDGEWATER DRIVE
    OAKLAND,CA94621     		NONE 501C(3) EMERGENCY FOOD DISTRIBUTION 10,000
    AMERICAN RED CROSS
    1565 EXPOSITION BLVD
    SACRAMENTO,CA95815     		NONE 501C(3) HOME FIRE CAMPAIGN: FINANCIAL ASSISTANCE 15,000
    CASA EL DORADO
    347 MAIN STREET
    PLACERVILLE,CA95667     		NONE 501C(3) ADVOCATING FOR CHILDREN IN EL DORADO COUNTY FOSTER CARE 5,000
    CCHAT
    11100 COLOMA ROAD
    RANCHO CORDOVA,CA95670     		NONE 501C(3) NEWBORN HEARING DIAGNOSTIC PROGAM 10,000
    CRISTO REY HIGH SCHOOL SACRAMENTO
    8475 JACKSON ROAD
    SACRAMENTO,CA95826     		NONE 501C(3) PREPARING THE FUTURE WORKFORCE 20,000
    EFFIE YEAW NATURE CENTER
    2850 SAN LORENZO WAY
    CARMICHAEL,CA95608     		NONE 501C(3) ANIMAL AMBASSADOR PROGRAM 5,000
    FOOD LITERACY CENTER
    2973 THIRD AVENUE
    SACRAMENTO,CA95817     		NONE 501C(3) HANDS ON FOOD LITERACY PROGRAM 5,000
    HOMEAID SACRAMENTO
    3722 FAWN CREEK COURT
    ANTELOPE,CA95843     		NONE 501C(3) VOLUNTEERS OF AMERICA VETERANS APARTMENTS LAUNDRY ROOM 10,000
    LOVED TWICE
    5627 TELEGRAPH AVENUE SUITE 375
    OAKLAND,CA94609     		NONE 501C(3) CLOTHES FOR INFANTS LIVING IN POVERTY IN SACRAMENTO 5,000
    MAKE-A-WISH NORTHEASTERN CALIFNORTHERN NEVADA
    2800 CLUB CENTER DRIVE
    SACRAMENTO,CA95835     		NONE 501C(3) CANCER AFFINITY FUND 15,000
    NORCAL SERVICES FOR DEAF AND HARD OF HEARING
    4044 N FREEWAY BLVD
    SACRAMENTO,CA95834     		NONE 501C(3) CAMP GRIZZLY LEADERSHIP PROGRAM 10,000
    NORTH STATE BUILDING INDUSTRY CA
    1536 EUREKA ROAD
    ROSEVILLE,CA95661     		NONE 501C(3) PROJECT MY OWN BED 7,000
    PRIDE INDUSTRIES
    10030 FOOTHILLS BOULEVARD
    ROSEVILLE,CA95747     		NONE 501C(3) PRIDE INDUSTRIES YOUTH SERVICES 15,000
    SACRAMENTO PHILHARMONIC & OPERA
    1110 2ND STREET
    SACRAMENTO,CA95814     		NONE 501C(3) LINK UP MUSIC EDUCATION 7,500
    SIERRA FOREVER FAMILIES
    8912 VOLUNTEER LANE SUITE 100
    SACRAMENTO,CA95826     		NONE 501C(3) WONDER MENTORING PROGRAM & LIFELINE FUND 20,000
    SIERRA NEVADA JOURNEYS
    2515 VENTURA OAKS WAY SUITE 135
    SACRAMENTO,CA95833     		NONE 501C(3) CLASSROOMS UNLEASHED 15,000
    SIERRA NEVADA MEMORIAL HOSPITAL FOUNDATION
    140 LITTON DRIVE SUITE 220
    GRASS VALLEY,CA95945     		NONE 501C(3) SURGERY EQUIPMENT PROJECT 5,000
    SUTTER DAVIS HOSPITAL FOUNDATION
    2000 SUTTER PLACE
    DAVIS,CA95616     		NONE 501C(3) CLOSE TO HOME - CAMPAIGN FOR SUTTER DAVIS HOSPITAL 50,000
    UNIVERSITY FOUNDATION AT SACRAMENTO STATE
    6000 J STREET
    SACRAMENTO,CA95819     		NONE 501C(3) SUMMER ACADAMIES FOR HIGH SCHOOL STUDENTS 5,000
    WELLNESS WITHIN
    609 OAK AVENUE
    ROSEVILLE,CA95678     		NONE 501C(3) 2022 EMPOWERMENT BEYOND CANCER & COVID SAC RETREAT 2,100
    YOLO HOSPICE
    1909 GALILEO COURT SUITE A
    DAVIS,CA95618     		NONE 501C(3) SOPORTO EN EL DUELO: GRIEF SUPPORT FOR SPANISH SPEAKERS 10,000
    AGING UP
    PO BOX 22963
    SACRAMENTO,CA95833     		NONE 501C(3) MENTORING FOSTER CHILDREN 5,000
    ALZHEIMER'S ASSOCIATION
    1455 RESPONSE RD STE 190
    SACRAMENTO,CA95815     		NONE 501C(3) 2022 WALK TO END ALZHEIMER'S 10,000
    CENTER FOR EMPLOYMENT OPPORTUNITIES
    713 9TH STREET
    SACRAMENTO,CA95814     		NONE 501C(3) ASSISTANCE FOR FORMERLY INCARCERATED SACRAMENTO RESIDENTS 5,000
    CHP 11-99 FOUNDATION
    2244 N STATE COLLEGE BLVD
    FULTERTON,CA92831     		NONE 501C(3) EDUCATION PROGRAM 10,000
    COMMUNITY INITIATIVES
    1000 BROADWAY STE 480
    OAKLAND,CA94607     		NONE 501C(3) FRONTLINE WORKERS COUNSELING PROJECT 5,000
    CONSTRUCTION INDUSTRY EDUCATION FOUNDATION
    5370 ELVAS AVE
    SACRAMENTO,CA95819     		NONE 501C(3) CONSTRUCTION CAREER AWARENESS FOR HIGH SCHOOL STUDENTS 15,000
    CONVOY OF HOPE
    PO BOX 1125
    SPRINGFIELD,MO65801     		NONE 501C(3) RELIEF EFFORT IN UKRAINE 10,000
    IMPACT FOUNDRY
    2030 WEST EL CAMINO AVE STE120
    SACRAMENTO,CA95833     		NONE 501C(3) WEEKEND FOOD BAGS FOR UNSHELTERED CHILDREN 7,500
    KEATON'S CHILD CANCER ALLIANCE
    2260 DOUGLAS BLVD SUITE 150
    ROSEVILLE,CA956614208     		NONE 501C(3) PATHS TO WELLNESS BEYOND PEDIATRIC CANCERS 10,000
    KVIE INC
    2030 W EL CAMINO AVE
    SACRAMENTO,CA958331866     		NONE 501C(3) PBS KIDS 20,000
    REBUILDING TOGETHER SACRAMENTO
    PO BOX 255584
    SACRAMENTO,CA95825     		NONE 501C(3) BUILDING A HEALTHY NEIGHBORHOOD-2022 HOME IMPROVEMENT CAMPAIGN 10,000
    REDWOOD EMPIRE FOOD BANK
    3390 BRICKWAY BLVD
    SANTA ROSA,CA95403     		NONE 501C(3) HUNGER RELIEF PROGRAMS 15,000
    SACRAMENTO CHILDREN'S MUSEUM
    2701 PROSPECT PARK DR
    RANCHO CORDOVA,CA95670     		NONE 501C(3) FREE MUSEUM FIELD TRIPS FOR TITLE I SCHOOLS - FALL 2022 6,000
    SACRAMENTO REGIONAL FAMILY JUSTICE CENTER FOUNDATION
    3701 POWER INN ROAD SUITE 3100
    SACRAMENTO,CA95826     		NONE 501C(3) EXPANDING HOPE PROGRAM 15,000
    SACRAMENTO SPCA
    6201 FLORIN PERKINS RD
    SACRAMENTO,CA95828     		NONE 501C(3) PAW PANTRY 10,000
    UNITED SERVICE ORGANIZATIONS INC
    694 A STREET BLDG 1348
    TRAVIS AFB,CA94535     		NONE 501C(3) SUPPORT MILITARY SERVICE MEMBERS AND FAMILIES 5,000
    ALS ASSOCIATION GREATER SACRAMENTO CHAPTER
    2717 COTTAGE WAY STE 17
    SACRAMENTO,CA95825     		NONE 501C(3) CARING FOR CAREGIVERS 10,000
    CASA OF SACRAMENTO COUNTY
    PO BOX 278383
    SACRAMENTO,CA95827     		NONE 501C(3) CASA VOLUNTEER RECRUITMENT & TRAINING 10,000
    EASTER SEALS SUPERIOR CALIFORNIA
    3205 HURLEY WAY
    SACRAMENTO,CA95864     		NONE 501C(3) ADULT DEVELOPMENTAL DISABILITIES-POST PANDEMIC IN-PERSON DAY PROGRAM 20,000
    FORGOTTEN SOLDIER PROGRAM
    991 LINCOLN WAY
    AUBURN,CA95603     		NONE 501C(3) FORGOTTEN SOLDIER PROGRAM 5,000
    GREATER SACRAMENTO YOUNG LIFE CAPERNAUM
    705 EAST BIDWELL ST
    FOLSOM,CA95630     		NONE 501C(3) GREATER SACRAMENTO YOUNG LIFE CAPERNAUM SUMMER CAMPING PROG. 10,000
    LIFESTEPS
    3247 RAMOS CIRCLE
    SACRAMENTO,CA95827     		NONE 501C(3) AFTERSCHOOL PROGRAM FOR LOW-INCOME FAMILIES LIVING IN SACRAMENTO AFFORDABLE HOUSING 5,000
    SAINT JOHN'S PROGRAM FOR REAL CHANGE
    2443 FAIR OAKS BLVD 369
    SACRAMENTO,CA95825     		NONE 501C(3) MEETING THE NEEDS OF HOMELESS CHILDREN 100,000
    SOCIETY FOR THE BLIND
    1238 S STREET
    SACRAMENTO,CA95811     		NONE 501C(3) CAREERSPLUS YOUTH PROGRAM 10,000
    SPECIAL OLYMPICS NORTHERN CALIFORNIA INC
    1401 HALYARD DRIVE STE 100
    WEST SACRAMENTO,CA95691     		NONE 501C(3) BOWLING AND BASKETBALL PROGRAM 22/23 10,000
    UPLIFT PEOPLE OF ELK GROVE
    8986 ELK GROVE BLVD
    ELK GROVE,CA95624     		NONE 501C(3) COHORT 5 PROGRAM 5,000
    Total .................................bullet 3a 847,100
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........     		    14 865  
    4 Dividends and interest from securities ....          
    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 .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 316,833  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. 0 1,681,060 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,681,060
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    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
    2021
    Name of the organization
    KELLY FOUNDATION
     
    Employer identification number

    68-0175739
    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) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    KELLY FOUNDATION
          		Employer identification number
    68-0175739
    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
    RIVER CITY BANK
    2480 NATOMAS PARK DR 150
     
    SACRAMENTO, CA95833

    		$ 150,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    THE JON S KELLY CHARITABLE LEAD TRU
    44897 N EL MACERO DR
     
    EL MACERO, CA95618

    		$ 168,643


    (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) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    KELLY FOUNDATION
          		Employer identification number

    68-0175739
    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
     
    		$    
    (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) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    KELLY FOUNDATION
          		Employer identification number

    68-0175739
    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) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    KELLY FOUNDATION
    EIN:
    68-0175739
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 27,400 0   27,400

    TY 2021 GeneralExplanationAttachment
    Name:
    KELLY FOUNDATION
    EIN:
    68-0175739
    Identifier Return Reference Explanation
    FMV OF GIFT NOTE RECEIVABLE FORM 990-PF PART II LINE 3 EXPLANATION BORROWER'S NAME FMV OF GIFT DATE OF GIFT JON S. KELLY 2019 IRREVOCABLE TRUST 3,267,000.00 1/1/2021 CPLT HOLDINGS 622,000.00 1/1/2021 RILEY GARDNER 309,000.00 1/1/2021 STEPHEN FLEMING 619,000.00 1/1/2021 G.G. KELLY LLC 4,013,000.00 1/1/2021

    TY 2021 InvestmentsOtherSchedule2
    Name:
    KELLY FOUNDATION
    EIN:
    68-0175739
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CHARLES SCHWAB FMV 16,520,287 16,520,287
    WELLS FARGO ADVISORS FMV 833,086 833,086
    MONETA FUND FMV 200,000 200,000

    TY 2021 OtherAssetsSchedule
    Name:
    KELLY FOUNDATION
    EIN:
    68-0175739
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST RECEIVABLE 0 100 100


    TY 2021 OtherDecreasesSchedule
    Name:
    KELLY FOUNDATION
    EIN:
    68-0175739
    Description Amount
    UNREALIZED LOSS ON INVESTMENTS 4,643,366


    TY 2021 OtherExpensesSchedule
    Name:
    KELLY FOUNDATION
    EIN:
    68-0175739
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DUES AND SUBSCRIPTIONS 4,248 0   4,248
    INSURANCE 1,458 0   1,458
    OFFICE 889 0   889


    TY 2021 OtherIncomeSchedule2
    Name:
    KELLY FOUNDATION
    EIN:
    68-0175739
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    NOTE RECEIVABLE DISCOUNT AMORTIZATION 796,980 796,980 796,980
    INTEREST INCOME ON NOTES RECEIVABLE 148,150 148,150 148,150


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    TY 2021 OtherNotesLoansRcvblLongSch
    Name:
    KELLY FOUNDATION
    EIN:
    68-0175739

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    JON S KELLY 2019 IRRV TRUST TRUSTEE IS DIRECTOR 5,247,793 3,714,276 2021-01 2028-09 INT ANNUALLY; PRINC DUE AT MATURITY 151.0000000000 % UNSECURED CHARITABLE GIFT OF EXISTING PROMISSORY NOTE FROM JON S. KELLY TRUST ESTATE NA - GIFT BY ESTATE 0
    CPLT HOLDINGS NONE 1,000,000 707,355 2021-01 2028-09 INT ANNUALLY; PRINC DUE AT MATURITY 151.0000000000 % UNSECURED CHARITABLE GIFT OF EXISTING PROMISSORY NOTE FROM JON S. KELLY TRUST ESTATE NA - GIFT BY ESTATE 0
    RILEY GARDNER DIRECTOR 499,890 351,646 2021-01 2028-10   151.0000000000 % UNSECURED CHARITABLE GIFT OF EXISTING PROMISSORY NOTE FROM JON S. KELLY TRUST ESTATE NA - GIFT BY ESTATE 0
    STEPHEN FLEMING DIRECTOR 999,970 704,110 2021-01 2028-10   151.0000000000 % UNSECURED CHARITABLE GIFT OF EXISTING PROMISSORY NOTE FROM JON S. KELLY TRUST ESTATE NA - GIFT BY ESTATE 0
    GG KELLY LLC LLC OWNED BY DIRECTOR 7,649,677 4,747,329 2021-01 2029-08 INT QUARTERLY; PRINC AT MATURITY; 3 MON LIBOR 0 % UNSECURED CHARITABLE GIFT OF EXISTING PROMISSORY NOTE FROM JON S. KELLY TRUST ESTATE NA - GIFT BY ESTATE 0

    TY 2021 OtherProfessionalFeesSchedule
    Name:
    KELLY FOUNDATION
    EIN:
    68-0175739
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 55,781 0   55,781
    BROKER FEES 650 650   0


    TY 2021 SubstantialContributorsSch
    Name:
    KELLY FOUNDATION
    EIN:
    68-0175739
    Name Address
    JON S KELLY TRUST ESTATE
          		2480 NATOMAS PARK DR 150
    SACRAMENTO,CA95833


    TY 2021 TaxesSchedule
    Name:
    KELLY FOUNDATION
    EIN:
    68-0175739
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 24,669 0   0