TY 2022 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2022

Open to Public Inspection

For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022

Name of foundation
CHRISTIAN EDUCATION CHARITABLE TRUST CO
C/O H O MACLELLAN JR

Number and street (or P.O. box number if mail is not delivered to street address)820 BROAD STREET SUITE 300
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN37402

A Employer identification number

23-7412895

B Telephone number (see instructions)

(423) 755-1366

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$28,584,516J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	5,100		5,100
4	Dividends and interest from securities...	370,321		354,279
5a	Gross rents............	77		77
b	Net rental income or (loss) 77
6a	Net gain or (loss) from sale of assets not on line 10	List of Attached Documents: // Content	1,536,314
b	Gross sales price for all assets on line 6a 11,803,938
7	Capital gain net income (from Part IV, line 2)...			1,536,141
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).......	List of Attached Documents: // Content	10,075	70,099
12	Total. Add lines 1 through 11........	1,921,887		1,965,696
13	Compensation of officers, directors, trustees, etc.	398,160		7,963	390,197
14	Other employee salaries and wages......	14,757		0	14,757
15	Pension plans, employee benefits.......	51,078		303	50,775
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	17,045	8,523	8,522
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	15,000	0	15,000
17	Interest...............	20,898		20,898	0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	48,912	7,039	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	45,123		2,256	42,867
21	Travel, conferences, and meetings.......	47,074		0	47,074
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	400,108	339,718	59,321
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	1,058,155		386,700	628,513
25	Contributions, gifts, grants paid.......	1,077,470			1,077,470
26	Total expenses and disbursements. Add lines 24 and 25	2,135,625		386,700	1,705,983
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-213,738
b	Net investment income (if negative, enter -0-)			1,578,996
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2022)

Form 990-PF (2022)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	774,673	1,100,938	1,100,938
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	12,457,532	List of Attached Documents: // Content 11,370,697	9,886,076
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	8,642,277	List of Attached Documents: // Content 9,224,221	17,567,473
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	List of Attached Documents: // Content 73,979	List of Attached Documents: // Content 30,029	List of Attached Documents: // Content 30,029
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	21,948,461	21,725,885	28,584,516
	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 )	List of Attached Documents: // Content 8,838	List of Attached Documents: // Content 0
	23	Total liabilities (add lines 17 through 22).........	8,838	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	21,939,623	21,725,885
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		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).....	21,939,623	21,725,885
	30	Total liabilities and net assets/fund balances (see instructions).	21,948,461	21,725,885

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

21,939,623

Enter amount from Part I, line 27a .....................

-213,738

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

21,725,885

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

21,725,885

Form 990-PF (2022)

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
1 a	PUBLICLY TRADED SECURITIES HELD AT UBS	P
b	NXTHERA, INC	P
c	AEGEA MEDICAL	P
d	SHORT-TERM CAPITAL GAINS FROM PARTNERSHIP INVESTMETNS	P
e	LONG-TERM CAPITAL GAINS FROM PARTNERSHIP INVESTMETNS	P
	GCM GROSVEOR MACLELLAN INVESTMENT FUND LP	P
	NORTH AVENUE CAPITAL	P
	KW STRATUS LLC	P
	1231 GAINS FROM PARTNERSHIP FLOW-THROUGH	P
	1256 GAINS FROM PARTNERSHIP FLOW-THROUGH	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	9,864,906	10,202,283	-337,377
b	104,723		104,723
c	5,055		5,055
d	25,774		25,774
e	1,757,740		1,757,740
	41,334	18,113	23,221
	3,493		3,493
		7,878	-7,878
	714		714
		39,324	-39,324

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			-337,377
b			104,723
c			5,055
d			25,774
e			1,757,740
			23,221
			3,493
			-7,878
			714
			-39,324

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,536,141
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 ...................		3

Form 990-PF (2022)

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	21,948
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	21,948
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	21,948
6	Credits/Payments:

a	2022 estimated tax payments and 2021 overpayment credited to 2022	6a	37,528
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	37,528
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. List of Attached Documents: // Content		8	59
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	15,521
11	Enter the amount of line 10 to be: Credited to 2023 estimated tax15,521	Refunded	11	0

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 2022 or the taxable year beginning in 2022? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2022)

Page 5

Part VI-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

HUGH O MACLELLAN JR Telephone no. right arrow

(423) 755-8142

Located at right arrow

820 BROAD STREET SUITE 300CHATTANOOGATN ZIP+4 right arrow

37402

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2022, 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 right arrow

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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 2022? .............

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)):

At the end of tax year 2022, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2022?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

Yes

If "Yes," did it have excess business holdings in 2022 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 2022.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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 2022? ..

Form 990-PF (2022)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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 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
HUGH O MACLELLAN JR	EMERITUS 1.00	0	0	0
820 BROAD STREET SUITE 300 CHATTANOOGA,TN37402	EMERITUS 1.00	0	0	0
ROBERT H MACLELLAN	CHAIRMAN OF THE BOARD 1.00	0	0	0
820 BROAD STREET SUITE 300 CHATTANOOGA,TN37402	CHAIRMAN OF THE BOARD 1.00	0	0	0
REID A MACLELLAN	TRUSTEE 0.25	0	0	0
820 BROAD STREET SUITE 300 CHATTANOOGA,TN37402	TRUSTEE 0.25	0	0	0
ELIZABETH LINDQUIST	TRUSTEE 0.25	0	0	0
820 BROAD STREET SUITE 300 CHATTANOOGA,TN37402	TRUSTEE 0.25	0	0	0
RODGER PIERSANT	TRUSTEE 0.25	0	0	0
820 BROAD STREET SUITE 300 CHATTANOOGA,TN37402	TRUSTEE 0.25	0	0	0
JOHN ZEISER	TRUSTEE 0.25	0	0	0
820 BROAD STREET SUITE 300 CHATTANOOGA,TN37402	TRUSTEE 0.25	0	0	0
CHARLES W PHILIPS	EXECUTIVE DIRECTOR 30.00	398,160	51,078	34,452
820 BROAD STREET SUITE 300 CHATTANOOGA,TN37402	EXECUTIVE DIRECTOR 30.00	398,160	51,078	34,452
JILL HARTNESS	TRUSTEE 0.25	0	0	0
820 BROAD STREET SUITE 300 CHATTANOOGA,TN37402	TRUSTEE 0.25	0	0	0
CHRIS MACLELLAN	TRUSTEE 0.25	0	0	0
820 BROAD STREET SUITE 300 CHATTANOOGA,TN37402	TRUSTEE 0.25	0	0	0

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
CHARLES W PHILIPS	EXECUTIVE DIRECTOR 30.00	0	0	0
820 BROAD STREET SUITE 300 CHATTANOOGA,TN37402	EXECUTIVE DIRECTOR 30.00	0	0	0








Total number of other employees paid over $50,000...................				0

Form 990-PF (2022)

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............. right arrow

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	CHRISTIAN EDUCATION CHARITABLE TRUST WAS CREATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES. THOUGH STILL PRIMARILY A GRANT-MAKER, CECT HAS DIVERSIFIED ITS CHARITABLE ACTIVITIES BY BEGINNING TO CONDUCT DIRECT CHARITABLE ACTIVITIES.CONVENING OF LEADERSA GATHERING OF LEADERS OF NON-PROFITS IN THE EDUCATION SECTOR IS CONVENED TOGETHER TO DISCUSS CHALLENGES AND OPPORTUNITIES THAT FACE THEIR ORGANIZATIONS. THE GOAL OF THE CONVENING IS TO PROVIDE A PLACE FOR DIALOGUE AND LEARNING IN ORDER TO COOPERATIVELY LOOK AT THE ISSUES FACING THE EDUCATION SECTOR. DIFFERENT EXPERTS IN THE FIELD PROVIDE INFORMATION AND TECHNICAL ADVICE. THE GOAL IS FOR ORGANIZATIONS TO DEVELOP SUSTAINABLE OPERATING MODELS THAT WILL ALLOW THEM TO CONTINUE TO SERVE THE PUBLIC WELL BOTH NOW AND IN THE FUTURE. THIS PROGRAM ALSO HAS A GRANT INITIATIVE ASSOCIATED WITH IT. PARTICIPANTS IN THE CONVENINGS ARE ELIGIBLE TO APPLY FOR A TYPE OF GRANT THROUGH THE CHRISTIAN EDUCATION CHARITABLE TRUST.	0
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......................... right arrow

Form 990-PF (2022)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

10,024,691

Average of monthly cash balances.......................

1,365,154

Fair market value of all other assets (see instructions)................

17,702,349

Total (add lines 1a, b, and c).........................

29,092,194

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

29,092,194

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

436,383

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

28,655,811

Minimum investment return. Enter 5% (0.05) of line 5................

1,432,791

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.)

Minimum investment return from Part IX, line 6..................

1,432,791

Tax on investment income for 2022 from Part V, line 5.......

21,948

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

21,948

Distributable amount before adjustments. Subtract line 2c from line 1............

1,410,843

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,410,843

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,410,843

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,705,983

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,705,983

Form 990-PF (2022)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2021	(c) 2021	(d) 2022
1 Distributable amount for 2022 from Part X, line 7					1,410,843
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2017......	997,805
b From 2018......	1,077,458
c From 2019......	461,193
d From 2020......
e From 2021......
f Total of lines 3a through e ........		2,536,456
4Qualifying distributions for 2022 from Part
XI, line 4: $ 1,705,983
a Applied to 2021, 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 2022 distributable amount.....					1,410,843
e Remaining amount distributed out of corpus		295,140
5 Excess distributions carryover applied to 2022.		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		2,831,596
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 2021. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2022. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2023 ..........					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 2017 not applied on line 5 or line 7 (see instructions) ...		997,805
9 Excess distributions carryover to 2023. Subtract lines 7 and 8 from line 6a ......		1,833,791
10 Analysis of line 9:
a Excess from 2018....	1,077,458
b Excess from 2019....	461,193
c Excess from 2020....
d Excess from 2021....
e Excess from 2022....	295,140

Form 990-PF (2022)

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 2022, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2022	(b) 2021	(c) 2020	(d) 2019	(e) Total

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).)

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 right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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 (2022)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
CONSORTIUM OF CHRISTIAN STUDY CENTERS 485 HILLSDALE DRIVE SUITE 112 CHARLOTTESVILLE,VA22901	NONE	501(C)(3) PUBLIC CHA	FOR GENERAL OPERATING SUPPORT.	50,000
VERITAS FORUM INC PO BOX 380807 CAMBRIDGE,MA02238	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	100,000
ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL PO BOX 62249 COLORADO SPRINGS,CO80962	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	25,000
ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL PO BOX 62249 COLORADO SPRINGS,CO80962	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	100,000
COUNCIL ON EDUCATION STANDARDS AND ACCOUNTABILITY INC 1427 FALKIRK LANE NW KENNESAW,GA30152	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	125,000
CHRISTIAN LEGAL SOCIETY 8001 BRADDOCK ROAD SUITE 302 SPRINGFIELD,VA22151	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	50,000
CS LEWIS INSTITUTE 8001 BRADDOCK RD SUITE 301 SPRINGFIELD,VA22151	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	50,000
CARDUS INC 5748 FAIRWAY DR MASON,OH45040	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	50,000
DISCOVERY INSTITUTE 208 COLUMBIA STREET SEATTLE,WA98104	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	50,000
RATIO CHRISTI INC 2150 ELMWOOD AVE STE 2 LAFAYETTE,IN47904	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	75,000
COLSON CENTER PO BOX 62160 COLORADO SPRINGS,CO809622160	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	150,000
GORDON COLLEGE 255 GRAPEVINE ROAD WENHAM,MA019841899	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	100,000
IN MEDIA RES 3 UNIVERSITY CIRCLE CHARLOTTESVILLE,VA22903	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	25,000
COVENANT COLLEGE INC 14049 SCENIC HIGHWAY LOOKOUT MOUNTAIN,GA30750	NONE	501(C)(3) PUBLIC CHA	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	85,000
GOOD OF ALL 1300 PENNSYLVANIA AVE NW SUITE 403 WASHINGTON,DC20004	NONE	501(C)(3) PUBLIC CHA	FOR EDUCATION OF YOUTH AND CHILDREN.	30,000
LITTLE ROCK CHRISTIAN ACADEMY 19010 CANTRELL ROAD LITTLE ROCK,AR72223	NONE	501(C)(3) PUBLIC CHA	FOR CONVENING LEADERS FOR LEARNING.	12,470
Total ................................. 3a				1,077,470

bApproved for future payment
RON BLUE INSTITUTE FOR FINANCIAL PLANNING INDIANA WESLEYAN UNIVERSITY 4201 S WASHINGTON STREET BARNES STUDENT CE MARION,IN46953	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	20,000
TALENTED FOUNDATION 1525 US HIGHWAY 380 500-277 FRISCO,TX75034	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	10,000
INTERNATIONAL GENEROSITY FOUNDATION TRUST 1901 ULMERTON RD SUITE 400 CLEARWATER,FL33629	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	50,000
COLSON CENTER PO BOX 62160 COLORADO SPRINGS,CO809622160	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	125,000
GORDON COLLEGE 255 GRAPEVINE ROAD WENHAM,MA019841899	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	100,000
RELIGIOUS FREEDOM INSTITUTE 316 PENNSYLVANIA AVE SE SUITE 501 WASHINGTON,DC20003	501(C)(3)	FOR GENERAL OPERATING SUPPORT.	20,000
CHRISTIAN LEGAL SOCIETY 8001 BRADDOCK ROAD SUITE 302 SPRINGFIELD,VA22151	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	40,000
RATIO CHRISTI INC 2150 ELMWOOD AVE STE 2 LAFAYETTE,IN47904	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	50,000
IN MEDIA RES 3 UNIVERSITY CIRCLE CHARLOTTESVILLE,VA22903	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	25,000
CARDUS INC 5748 FAIRWAY DR MASON,OH45040	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	40,000
DISCOVERY INSTITUTE 208 COLUMBIA STREET SEATTLE,WA98104	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	40,000
YALE UNIVERSITY 409 PROSPECT ST NEW HAVEN,CT06511	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	15,000
COUNCIL ON EDUCATION STANDARDS AND ACCOUNTABILITY INC 1427 FALKIRK LANE NW KENNESAW,GA30152	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	75,000
CS LEWIS INSTITUTE 8001 BRADDOCK RD SUITE 301 SPRINGFIELD,VA22151	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	40,000
CONSORTIUM OF CHRISTIAN STUDY CENTERS 485 HILLSDALE DRIVE SUITE 112 CHARLOTTESVILLE,VA22901	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	40,000
ASSOCIATION OF CHRISTIAN SCHOOLS INTERNATIONAL PO BOX 62249 COLORADO SPRINGS,CO80962	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	75,000
JOHN JAY INSTITUTE FOR FAITH SOCIETY AND LAW INC 705 SOUTH BELLEVUE AVENUE LANGHORNE,PA19047	501(C)(3)	FOR LEADERSHIP DEVELOPMENT OR TRAINING.	25,000
Total ................................. 3b			790,000

Form 990-PF (2022)

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	(e) Related or exempt function income (See instructions.)
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	5,100
4 Dividends and interest from securities ....			14	354,279	16,042
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			14	77
6 Net rental income or (loss) from personal property
7 Other investment income .....	525990		14	70,480
8 Gain or (loss) from sales of assets other than inventory ............	525990	173	18	1,536,141
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aUNRELATED BUSINESS INCOME FROM PASSTHROUGH	525990	-60,024
bPARTNERSHIPS ORDINARY INCOME			14	-381
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		-59,851		1,965,696	16,042

13Total. Add line 12, columns (b), (d), and (e)..................

1,921,887

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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.)
4	TAX EXEMPT INCOME FROM PASSTHROUGH INVESTMENTS
11	SECTION 965(A) INCOME INCLUSION FROM PASSTHROUGH INVESTMENTS

Form 990-PF (2022)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2022)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2022 AccountingFeesSchedule

Name:

CHRISTIAN EDUCATION CHARITABLE TRUST CO

C/O H O MACLELLAN JR

EIN:

23-7412895

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL AND ACCOUNTING	17,045	8,523		8,522

- TIN:

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

TY 2022 GainLossSaleOtherAssetsSch

Name:

CHRISTIAN EDUCATION CHARITABLE TRUST CO

C/O H O MACLELLAN JR

EIN:

23-7412895

Name	Date Acquired	How Acquired	Date Sold	Purchaser Name	Gross Sales Price	Basis	Basis Method	Sales Expenses	Total (net)	Accumulated Depreciation
PARTNERSHIP FLOWTHROUGH - UBI - SHORT-TERM		PURCHASED					COST	26	-26
PARTNERSHIP FLOWTHROUGH - UBI - LONG-TERM		PURCHASED			199		COST	0	199

- TIN:

TY 2022 GeneralExplanationAttachment

Name:

CHRISTIAN EDUCATION CHARITABLE TRUST CO

C/O H O MACLELLAN JR

EIN:

23-7412895

Identifier	Return Reference	Explanation
DONOR ADVISED FUNDS	FORM 990-PF, PART VII-A, LINE 12	NO DISTRIBUTIONS WERE MADE TO OUR DONOR ADVISED FUND AT CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION (DBA THE GENEROSITY TRUST), EIN# 62-1536731 DURING THE 2022 TAX 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. THE DONOR-ADVISED FUND AGREEMENT BETWEEN THE CHRISTIAN EDUCATION 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."

- TIN:

TY 2022 InvestmentsCorpStockSchedule

Name:

CHRISTIAN EDUCATION CHARITABLE TRUST CO

C/O H O MACLELLAN JR

EIN:

23-7412895

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ARRIVO NOTE AT 15%	104,167	104,167
FRANCIS MEDICAL 8110 SHARES COMMON STOCK	8,110	8,110
VERAN SERIES A	0	1,885
VERAN SERIES B	0	20,714
UBS PUBLICLY TRADED SECURITIES	11,258,420	9,751,200

- TIN:

TY 2022 InvestmentsOtherSchedule2

Name:

CHRISTIAN EDUCATION CHARITABLE TRUST CO

C/O H O MACLELLAN JR

EIN:

23-7412895

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
AD FUND I, A SERIES OF PATHBREAKER SPV II,LP (ADDRESSABLE)	AT COST	50,516	50,516
AERIAL BIOPHARMA, LLC	AT COST	35,944	0
ARRIVO BIOVENTURES LLC	AT COST	448,712	400,000
BIOTECHNOLOGY VALUE FUND, L.P.	AT COST	0	106
BI FUND I, A SERIES OF PATHBREAKER SPV, LP (BIOBOT ANALYTICS)	AT COST	50,432	50,432
BOW RIVER CAPITAL 2017-QP FUND, LP	AT COST	288,157	348,542
C-III RECOVERY FUND II LP	AT COST	214,626	268,542
CEVIAN CAPITAL II, L.P.	AT COST	191,184	395,027
DE FUND I, A SERIES OF PATHBREAKER SPV, LP (DEXTROUS ROBOTICS)	AT COST	38,159	38,160
DYNAMO FUND I, LP	AT COST	193,561	1,468,083
DYNAMO FUND II, LP	AT COST	362,141	459,631
DYNAMO OPPORTUNITY FUND I L.P.	AT COST	258,672	257,811
DYNAMO-GATIK LLC	AT COST	45,332	89,193
DYNAMO-SKUPOS, LLC	AT COST	29,726	29,954
DYNAMO-STORD SPV II, LLC	AT COST	100,619	416,481
DYNAMO-SVT ROBOTICS SPV II LLC	AT COST	12,789	12,862
DYNAMO-VECTOR LLC	AT COST	18,901	18,901
ESO VENTURE FUND V	AT COST	116,536	165,000
FR FUND I, A SERIES OF PATHBREAKER SPV II, LP (FRAMEWORK)	AT COST	116,742	116,742
FULCRUM GROWTH FUND III QP, LLC	AT COST	192,966	306,103
GOODWATER CAPITAL IV, LP	AT COST	206,589	192,598
GOODWATER INFINITY II, LP	AT COST	343,267	323,102
GRAYMATTER ROBOTICS SPV TOTAL	AT COST	76,091	76,091
HYPHEN SPV SERIES A TOTAL	AT COST	51,349	50,328
H2OEY VENTURES	AT COST	395,835	397,984
IR B FUND, A SERIES OF PATHBREAKER SPV,LP (IRON OX)	AT COST	100,185	100,186
IR C, A SERIES OF PATHBREAKER SPV, LP (IRON OX)	AT COST	50,057	50,058
IRONOX CN STAR, LP	AT COST	56,028	56,000
IR-1027 FUND VI, A SERIES OF PATHBREAKER SPV, LP	AT COST	35,576	35,650
KERN CAPITAL LLC	AT COST	100,000	250,000
KERN DIAGNOSTICS	AT COST	40,000	40,000
KERN GENOMIC LLC	AT COST	1,903	5,925
KERN ODYSSEUS LLC	AT COST	100,000	100,000
KNOPP BIOSCIENCES LLC	AT COST	200,742	1,856,250
LAVACA CAPITAL CONVEXITY FUND LP	AT COST	22,799	22,799
MIDNIGHT PHARMA LLC	AT COST	15,040	55,590
NEXTGEN VENTURES FUND II QP LP	AT COST	181,581	292,763
NORTH AVENUE CAPITAL LLC	AT COST	0	66,382
ON FUND I, A SERIES OF PATHBREAKER SPV, LP (HYPHEN)	AT COST	100,638	253,380
ON FUND II, A SERIES OF PATHBREAKER SPV, LP (HYPHEN)	AT COST	50,269	50,269
OR FUND I, A SERIES OF PATHBREAKER SPV,LP (ORDERFUL)	AT COST	75,508	75,509
PATHBREAKER VENTURES FUND II LP	AT COST	281,135	423,765
PORTFOLIO ADVISORS SECONDARY FUND III, L.P.	AT COST	291,079	456,719
RA CAPITAL HEALTHCARE FUND LP	AT COST	46,665	99,033
RELEVANCE CAPITAL III, LP	AT COST	264,067	503,616
RESOLUTE CAPITAL PARTNERS FUND IV, LP	AT COST	478,926	660,526
RIVER VII LP	AT COST	284,075	487,815
RIVER VIII	AT COST	24,851	24,526
RU FUND III, A SERIES OF PATHBREAKER SPV,LP (RUNNING TIDE)	AT COST	75,111	75,111
SATURN FIVE FRONTIER LLC	AT COST	233,507	250,000
SI FUND III, A SERIES OF PATHBREAKER SPV, LP (SIMBE ROBOTICS)	AT COST	106,792	100,250
SI FUND IV, A SERIES OF PATHBREAKER SPV, LP (SIMBE ROBOTICS)	AT COST	51,154	50,254
SOVEREIGNS CAPITAL LOWER MIDDLE MARKET FUND II LP	AT COST	125,836	124,334
SIGNIA VENTURE PARTNERS III, LP	AT COST	373,969	522,225
TO FUND I, A SERIES OF PATHBREAKER SPV, LP (TORIC LABS)	AT COST	100,970	209,482
VALOR OPPORTUNITY FUND I, LP	AT COST	359,005	465,563
VALOR OPPORTUNITY FUND II, LP	AT COST	93,159	96,826
VALOR VENTURE FUND II, L.P.	AT COST	474,705	2,785,162
VALOR VENTURE FUND III, L.P.	AT COST	492,197	881,311
VALOR VENTURE FUND IV, L.P.	AT COST	97,846	108,005

- TIN:

TY 2022 OtherAssetsSchedule

Name:

CHRISTIAN EDUCATION CHARITABLE TRUST CO

C/O H O MACLELLAN JR

EIN:

23-7412895

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
INVESTMENTS RECEIVABLE	73,979	30,029	30,029

- TIN:

TY 2022 OtherExpensesSchedule

Name:

CHRISTIAN EDUCATION CHARITABLE TRUST CO

C/O H O MACLELLAN JR

EIN:

23-7412895

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
BANK AND WIRE FEE	2,805	2,805	0
INSURANCE	2,608	130	2,478
OFFICE EXPENSE	353	18	335
GUEST EXPENSE AND MEALS	1,352	0	1,352
BOARD AND TRUSTEE EXPENSES	660	0	660
PARTNERSHIPS PORTFOLIO DEDUCTIONS	8,358	8,358	0
OTHER PARTNERSHIPS DEDUCTIONS	248,174	248,174	0
INVESTMENT AND MANAGEMENT FEES	77,901	77,901	0
OTHER MISC INV EXPENSES	2,332	2,332	0
NONDEDUCTIBLE EXPENSES FROM PARTNERSHIPS	1,069	0	0
CONVENING	52,375	0	52,375
TRAINING AND EDUCATION	2,121	0	2,121

- TIN:

TY 2022 OtherIncomeSchedule2

Name:

CHRISTIAN EDUCATION CHARITABLE TRUST CO

C/O H O MACLELLAN JR

EIN:

23-7412895

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PARTNERSHIPS ROYALTIES	10	10	10
PARTNERSHIPS SUBPART F INCOME	1	1	1
PARTNERSHIPS OTHER PORTFOLIO INCOME	63,123	63,123	63,123
PARTNERSHIPS OTHER INCOME	5,787	5,787	5,787
OTHER MISC INCOME	1,559	1,559	1,559
UNRELATED BUSINESS INCOME FROM PASSTHROUGH	-60,024		-60,024
PARTNERSHIPS ORDINARY INCOME	-381	-381	-381

- TIN:

TY 2022 OtherLiabilitiesSchedule

Name:

CHRISTIAN EDUCATION CHARITABLE TRUST CO

C/O H O MACLELLAN JR

EIN:

23-7412895

Description	Beginning of Year - Book Value	End of Year - Book Value
CREDIT CARD PAYABLE YEAR END	8,838	0

- TIN:

TY 2022 OtherProfessionalFeesSchedule

Name:

CHRISTIAN EDUCATION CHARITABLE TRUST CO

C/O H O MACLELLAN JR

EIN:

23-7412895

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER CHARITABLE CONSULTING	15,000	0		15,000

- TIN:

TY 2022 TaxesSchedule

Name:

CHRISTIAN EDUCATION CHARITABLE TRUST CO

C/O H O MACLELLAN JR

EIN:

23-7412895

Category	Amount	Net Investment Income
FOREIGN TAXES WITHHELD FROM DIVIDENDS	4,063	4,063
FOREIGN TAXES WITHHELD FROM PARTNERSHIP INCOME	2,976	2,976
EXCISE TAX	41,873	0