Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo 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
BENWOOD FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)736 MARKET STREET 1600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN37402
A Employer identification number

62-0476283
B Telephone number (see instructions)

(423) 267-4311
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$102,467,859J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 259,108 954,099  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,548,366
b Gross sales price for all assets on line 6a 21,085,810
7 Capital gain net income (from Part IV, line 2)... 10,331,914
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
List of Attached Documents:
// Content
-91,697 19,470  
12 Total. Add lines 1 through 11........ 6,715,777 11,305,483  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 237,418 23,742   312,676
14 Other employee salaries and wages...... 416,377 41,638   374,739
15 Pension plans, employee benefits....... 63,780 6,378   57,402
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
32,504 3,250   29,254
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
621,348 62,135   559,214
19 Depreciation (attach schedule) and depletion... 3,706 371  
20 Occupancy.............. 138,578 13,858   124,720
21 Travel, conferences, and meetings....... 7,823 782   7,041
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
288,713 937,803   142,592
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,810,247 1,089,957   1,607,638
25 Contributions, gifts, grants paid....... 7,741,517 4,695,990
26 Total expenses and disbursements. Add lines 24 and 25 9,551,764 1,089,957   6,303,628
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,835,987
b Net investment income (if negative, enter -0-) 10,215,526
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 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............. 32,406 58,637 58,637
2 Savings and temporary cash investments......... 3,037,573 1,353,902 1,353,902
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 10,772 10,772 10,772
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 right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 114,449,347 Click to see attachment
List of Attached Documents:
// Content
93,614,063 		93,614,063
14 Land, buildings, and equipment: basis right arrow492,668
Less: accumulated depreciation (attach schedule) right arrow472,747 4,285 19,921 19,921
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,824,242 		Click to see attachment
List of Attached Documents:
// Content
7,410,564 		Click to see attachment
List of Attached Documents:
// Content
7,410,564
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 121,358,625 102,467,859 102,467,859
Liabilities 17 Accounts payable and accrued expenses.......... 12,500 87,500
18 Grants payable................. 1,310,000 4,280,000
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
53,606 		Click to see attachment
List of Attached Documents:
// Content
3,502
23 Total liabilities (add lines 17 through 22)......... 1,376,106 4,371,002
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 119,982,519 98,096,857
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 119,982,519 98,096,857
30 Total liabilities and net assets/fund balances (see instructions). 121,358,625 102,467,859
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
119,982,519
2
Enter amount from Part I, line 27a .....................
2
-2,835,987
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
111,167
4
Add lines 1, 2, and 3 ..........................
4
117,257,699
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
19,160,842
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
98,096,857
Form 990-PF (2022)
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 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a CAPITAL GAINS ON SALE OF INVESTMENTS P 2022-12-01 2022-12-31
b CAPITAL GAINS FROM PASSTHROUGH P 2022-12-01 2022-12-31
c
d
e
(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 17,302,262   10,753,896 6,548,366
b 3,783,548     3,783,548
c
d
e
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       6,548,366
b       3,783,548
c
d
e
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 10,331,914
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 (2022)
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 right arrow 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) 1 141,996
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........................... 3 141,996
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- ..... 5 141,996
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 203,600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 208,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 251
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 66,353
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow0 Refundedright arrow 11 66,353
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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowTN, DE
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 2022 or the taxable year beginning in 2022? 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. ...............................
10
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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 addressright arrowWWW.BENWOOD.ORG
14
The books are in care ofright arrowSARAH MORGAN Telephone no.right arrow (423) 267-4311

Located atright arrow736 MARKET ST STE 1600CHATTANOOGATN ZIP+4right arrow37402
15
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
15
 
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
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 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.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
PAUL K BROCK JR TRUSTEE
2.00 		0 0 0
736 MARKET SUITE STE 1600
CHATTANOOGA,TN37402
MARTHA T ROBINSON TRUSTEE
2.00 		0 0 0
736 MARKET SUITE STE 1600
CHATTANOOGA,TN37402
SARAH MORGAN PRESIDENT
40.00 		237,418 34,167 0
736 MARKET SUITE STE 1600
CHATTANOOGA,TN37402
VALORIA ARMSTRONG TRUSTEE
2.00 		0 0 0
736 MARKET SUITE STE 1600
CHATTANOOGA,TN37402
ELAINE SWAFFORD TRUSTEE
2.00 		0 0 0
736 MARKET SUITE STE 1600
CHATTANOOGA,TN37402
STEPHEN CULP TRUSTEE
2.00 		0 0 0
736 MARKET SUITE STE 1600
CHATTANOOGA,TN37402
ERIC FULLER TRUSTEE
2.00 		0 0 0
736 MARKET SUITE STE 1600
CHATTANOOGA,TN37402
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
JEFF C PFITZER PROGRAM OFFICER
40.00 		143,274 20,702 0
736 MARKET STREET STE 1600
CHATTANOOGA,TN37402
LORI QUILLEN PROGRAM OFFICER
40.00 		104,428 15,537 0
736 MARKET STREET STE 1600
CHATTANOOGA,TN37402
CONNIE R PERRIN ACCOUNTING & GRANTS
40.00 		89,272 14,918 0
736 MARKET STREET STE 1600
CHATTANOOGA,TN37402
MARSHA T ORR ADMINISTRATIVE ASSIS
40.00 		58,382 11,147 0
736 MARKET STREET STE 1600
CHATTANOOGA,TN37402
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2022)
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 arrow0
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.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
103,872,341
b
Average of monthly cash balances.......................
1b
2,898,461
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
106,770,802
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
106,770,802
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,601,562
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
105,169,240
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,258,462
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
5,258,462
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
141,996
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
141,996
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,116,466
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
5,116,466
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
5,116,466
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
6,303,628
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
6,303,628
Form 990-PF (2022)
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 5,116,466
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...... 2,681,884
b From 2018...... 755,814
c From 2019...... 3,097,608
d From 2020...... 2,372,831
e From 2021......  
f Total of lines 3a through e ........ 8,908,137
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 6,303,628
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..... 5,116,466
e Remaining amount distributed out of corpus 1,187,162
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 10,095,299
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) ... 		2,681,884
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		7,413,415
10 Analysis of line 9:
a Excess from 2018.... 755,814
b Excess from 2019.... 3,097,608
c Excess from 2020.... 2,372,831
d Excess from 2021....  
e Excess from 2022.... 1,187,162
Form 990-PF (2022)
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 or
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
         
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
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MS SARAH MORGAN
736 MARKET ST SUITE 1600
CHATTANOOGA,TN37402
(423) 267-4311
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS SHOULD BE SUBMITTED IN THE FORM OF A BRIEF TWO-PAGE LETTER. THE LETTER SHOULD INCLUDE A DESCRIPTION OF THE PROJECT OR PURPOSE, BUDGET INFORMATION, AN IRS LETTER OF DETERMINATION, AND A LISTING OF OFFICERS AND BOARD OF DIRECTORS.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2022)
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)
aPaid during the year

AMERICAN ASSOCIATION OF BLACKS IN ENERGY CHATTANOOGA CHAPTER

1625 K ST SUITE 405
WASHINGTON,DC20006 		NONE PC ENERGY & TELECOMMUNICATIONS INDUSTRIES CAREER PATHWAYS 107,500

AMERICAN HEART ASSOCIATION

7272 GREENVILLE AVENUE
DALLAX,TX75231 		NONE PC CHATTANOOGA GO RED FOR WOMEN 2,500

ARTSBUILD

301 E 11TH ST SUITE 300
CHATTANOOGA,TN37403 		NONE PC ARTIST RELIEF FUND 150,000

BOYS & GIRLS CLUBS OF CHATTANOOGA

13007 E MAIN ST STE 101
CHATTANOOGA,TN37402 		NONE PC LITERACY PILOT AT MONTESSORI ELEMENTARY SCHOOL SCHOOL 100,000

BUILDING AND CONSTRUCTION WORKFORCE CENTER

101 W 21ST ST
CHATTANOOGA,TN37408 		NONE PC HUB FOR CONSTRUCTION EDUCATION, TRAINING, AND WORKFORCE DEVELOPMENT 200,000

CHATT FOUNDATION

PO BOX 11203
CHATTANOOGA,TN37401 		NONE PC GENERAL OPERATING SUPPORT 3,000

CHATTANOOGA BAR FOUNDATION

801 BROAD ST SUITE 420
CHATTANOOGA,TN37402 		NONE PC SUMMER 2022 INTERNSHIP 5,000

CHATTANOOGA CHAMBER FOUNDATION

811 BROAD STREET SUITE 100
CHATTANOOGA,TN37402 		NONE PC BUILD WITHIN APPRENTICESHIP INITIATIVE 100,000

CHATTANOOGA CHAMBER FOUNDATION

811 BROAD STREET SUITE 100
CHATTANOOGA,TN37402 		NONE PC CHATTANOOGA 2.0 GENERAL OPERATING SUPPORT 280,000

CHATTANOOGA CHAMBER FOUNDATION

811 BROAD STREET SUITE 100
CHATTANOOGA,TN37402 		NONE PC VIABLE PATHWAY OPPORTUNITIES 60,000

CHATTANOOGA CHAMBER FOUNDATION

811 BROAD STREET SUITE 100
CHATTANOOGA,TN37403 		NONE PC CHATTANOOGA CLIMBS-ECONOMIC DEVELOPMENT STRATEGY 50,000

CHATTANOOGA FOOTBALL CLUB FOUNDATION

1826 CARTER ST
CHATTANOOGA,TN37402 		NONE PC MONTAGUE PARK SOCCER FIELDS 257,500

CHATTANOOGA GIRLS LEADERSHIP ACADEMY

1802 BAILEY AVE
CHATTANOOGA,TN37404 		NONE PC GENERAL OPERATING SUPPORT 2,500

CHATTANOOGA IN ACTION FOR LOVE EQUALITY AND BENEVOLENCE

PO BOX 11202
CHATTANOOGA,TN37401 		NONE PC ESTABLISH A COMMUNITY BENEFITS AGREEMENT WITH THE CITY/COUNTY SPORTS AUTHORITY 10,000

CHATTANOOGA IN ACTION FOR LOVE EQUALITY AND BENEVOLENCE

PO BOX 11202
CHATTANOOGA,TN37401 		NONE PC OPERATIONAL SUPPORT 65,000

CHATTANOOGA NEIGHBORHOOD ARTS PARTNERSHIP

2500 S MARKET STREET
CHATTANOOGA,TN37408 		NONE PC CHATTANOOGA FESTIVAL OF BLACK ARTS AND IDEAS 20,000

CHATTANOOGA PREPARATORY SCHOOL

1849 UNION AVE
CHATTANOOGA,TN37404 		NONE PC COLLEGE PREP PROGRAM 50,000

CHATTANOOGA ROOM IN THE INN

PO BOX 3564
CHATTANOOGA,TN37404 		NONE PC GENERAL OPERATINGS SUPPORT 5,000

CHATTANOOGA STATE FOUNDATION

4501 AMNICOLD HWY
CHATTANOOGA,TN37406 		NONE PC REIMAGINING THE COMMUNITY COLLEGE EXPERIENCE 150,000

CHATTANOOGA STATE FOUNDATION

4501 AMNICOLD HWY
CHATTANOOGA,TN37406 		NONE PC BENWOOD HEALTH EDUCATION SCHOLARSHIP 5,000

CO LAB

1100 MARKET ST SUITE 100
CHATTANOOGA,TN37402 		NONE PC GENERAL OPERATING SUPPORT 200,000

COMMUNITY FOUNDATION OF GREATER CHATTANOOGA

1270 MARKET ST
CHATTANOOGA,TN37402 		NONE PC VETERAN'S BRIDGE FLAG FUND 1,000

COMMUNITY FOUNDATION OF GREATER CHATTANOOGA

1270 MARKET ST
CHATTANOOGA,TN37402 		NONE PC SANKOFA FUND 100,000

COMMUNITY FOUNDATION OF GREATER CHATTANOOGA

1270 MARKET ST
CHATTANOOGA,TN37402 		NONE PC SIGMA GAMMA RHO SORORITY SCHOLARSHIP FUND 2,500

COMMUNITY FOUNDATION OF GREATER CHATTANOOGA

1270 MARKET ST
CHATTANOOGA,TN37402 		NONE PC BOYS' LEADERSHIP SUMMIT 5,000

CREATIVE DISCOVERY MUSEUM

321 CHESTNUT STREET
CHATTANOOGA,TN37402 		NONE PC CAPITAL CAMPAIGN AND EDUCATION OUTREACH PROGRAM 110,000

DELTAS SERVING TOGETHER INC

PO BOX 22083
CHATTANOOGA,TN37422 		NONE PC SCHOLARSHIP FUND AND SOCIAL ACTION COMMITTEE 5,000

DRESS FOR SUCCESS CHATTANOOGA

3712 RINGGOLD RD UNIT 339
CHATTANOOGA,TN37412 		NONE PC GENERAL OPERATING FUND 10,000

EAST BRAINERD CHURCH OF CHRIST

7745 E BRAINERD RD
CHATTANOOGA,TN37421 		NONE PC SNACK PACK MINISTRY 10,000

EAST TENNESSEE STATE UNIVERSITY

PO BOX 70601
JOHNSON CITY,TN37614 		NONE PC BLUESKY INSTITUTE SCHOLARSHIPS 150,000

ELLA LIBRARY

5000 ROSSVILLE BLVD
CHATTANOOGA,TN37407 		NONE PC FILMS FOCUSED ON GUATEMALAN IMMIGRANT EXPERIENCE IN CHATTANOOGA 10,000

FRIENDS HOUSE MINISTRIES

1835 CLEARVIEW DR
CHATTANOOGA,TN37421 		NONE PC GENERAL OPERATING SUPPORT 10,000

GRANTMAKERS FOR EDUCATION

700 SW 5TH AVE SUITE 4000
PORTLAND,OR97204 		NONE PC 2022 ANNUAL DUES 2,200

GREENSPACES

63 E MAIN STREET
CHATTANOOGA,TN37402 		NONE PC BUILD IT GREEN AND HEALTHY HOMES INITIATIVE 52,000

HABITAT FOR HUMANITY

1201 E MAIN ST
CHATTANOOGA,TN37408 		NONE PC HABITAT HOME REPAIR PROGRAM 67,000

HUNTER MUSEUM OF AMERICAN ART

10 BLUFF VIEW ST
CHATTANOOGA,TN37403 		NONE PC BEYOND THE FRAME: CELEBRATING 70 YEARS 10,000

JUNIOR ACHIEVEMENT OF CHATTANOOGA

5721 MARLIN RD SUITE 3400
CHATTANOOGA,TN37411 		NONE PC GENERAL OPERATING SUPPORT 3,000

LA PAZ CHATTANOOGA

1402 BAILEY AVE
CHATTANOOGA,TN37404 		NONE PC ART FOR NEW FACILITY 20,000

LA PAZ CHATTANOOGA

1402 BAILEY AVE
CHATTANOOGA,TN37404 		NONE PC GENERAL OPERATING AND PROGRAMMATIC SUPPORT 100,000

LAUNCH CHATTANOOGA

100 CHEROKEE BLVD STE 201
CHATTANOOGA,TN37405 		NONE PC GENERAL OPERATING SUPPORT AND NEW KITCHEN 135,000

LEADERSHIP TENNESSEELIPSCOMB UNIVERISTY

1 UNIVERSITY PARK DR
NASHVILLE,TN37204 		NONE PC LEADERSHIP TENNESSEE PROGRAM 10,000

LULA LAKE LAND TRUST

PO BOX 395
LOOKOUT MOUNTAIN,TN37350 		NONE PC BOOK PROJECT 2,500

MARY WALKER HISTORICAL AND EDUCATIONAL FOUNDATION INC

7 N TUXEDO AVE
CHATTANOOGA,TN37411 		NONE PC 2022 READING/FINANCIAL LITERACY SUMMER CAMP FOR HIGH SCHOOL STUDENTS. 10,000

MEDICOS MISSION FUND

1300 E 23RD ST
CHATTANOOGA,TN37404 		NONE PC GENERAL OPERATING SUPPORT 3,000

NATIONAL COALITION OF 100 BLACK WOMEN CHATTANOOGA CHAPTER INC

PO BOX 22783
CHATTANOOGA,TN37422 		NONE PC CHAPTER SCHOLARSHIP FUND 2,500

NORTHSIDE NEIGHBORHOOD HOUSE

211 MINOR ST
CHATTANOOGA,TN37402 		NONE PC COMMUNITY FORWARD SCHOOLS PARTNERSHIP 25,000

ORANGE GROVE CENTER

615 DERBY ST
CHATTANOOGA,TN37404 		NONE PC GENERAL OPERATING FUND 1,500

PEARL GROUP

PO BOX 822
CHATTANOOGA,TN37401 		NONE PC KAPPA IOTA CHAPTER OF OMEGA PSI PHI FRATERNITY FOR VOTER EDUCATION COMMITTE 500

PHILANTHROPY SOUTHEAST

100 PEACHTREE ST NW SUITE 2080
ATLANTA,GA30303 		NONE PC MEMBERSHIP 10,290

POP-UP PROJECT

704 MARKET STREET
CHATTANOOGA,TN37402 		NONE PC HIP HOP DANCE TRAINING 1,500

POP-UP PROJECT

704 MARKET STREET
CHATTANOOGA,TN37402 		NONE PC EASTSIDE ELEMENTARY SCHOOL AT COOSA MILL 10,000

PROJECT RETURN

109 LAFAYETTE ST
NASHVILLE,TN37210 		NONE PC SECOND YEAR OF OPERATION IN CHATTANOOGA 150,000

PSI LAMBDA EDUCATIONAL FOUNDATION

910 GEORGIA AVE UNIT 334
CHATTANOOGA,TN37401 		NONE PC VOTER EDUCATION 500

PUBLIC EDUCATION FOUNDATION

1651 S HOLTZCLAW AVE SUITE 201
CHATTANOOGA,TN37404 		NONE PC COLLEGE SUCCESS INITIATIVE 100,000

PUBLIC EDUCATION FOUNDATION

1651 S HOLTZCLAW AVE SUITE 201
CHATTANOOGA,TN37404 		NONE PC BRIDGING THE GAP SCHOLARSHIP PROGRAM 75,000

RISE CHATTANOOGAJAZZANOOGA

2901 TAYLOR STREET
CHATTANOOGA,TN37406 		NONE PC FOUR COURSES 10,000

RIVER CITY COMPANY

850 MARKET ST
CHATTANOOGA,TN37402 		NONE PC DOWNTOWN AND WATERFRONT ANIMATION 50,000

RIVER CITY COMPANY

850 MARKET ST
CHATTANOOGA,TN37402 		NONE PC MARKET ANALYSIS FOR DOWNTOWN 70,000

RIVER CITY COMPANY

850 MARKET ST
CHATTANOOGA,TN37402 		NONE PC ONE RIVERFRONT SCHEMATIC DESIGN 125,000

SOUNDCORPS CHATTANOOGA

301 E 11TH ST SUITE 300
CHATTANOOGA,TN37403 		NONE PC 2022 CHATTANOOGA HIP-HOP SUMMITY 10,000

SOUTHEAST COMMUNITY CAPITAL

201 VENTURE CIRCLE
NASHVILLE,TN37228 		NONE PC CHATTANOOGA SMALL BUSINESS JOBS 150,000

SPLASH

PO BOX 3617
CHATTANOOGA,TN37404 		NONE PC 2022 SUMMER ARTS FESTIVAL & PROGRAMMING 8,000

TEACH FOR AMERICA

4900 CENTENNIAL BLVD STE 300
NASHVILLE,TN37209 		NONE PC CHATTANOOGA REGION SUPPORT FOR TEACHER PIPELINE 5,000

TENNESSEANS FOR QUALITY EARLY EDUCATION

1831 12TH AVE
NASHVILLE,TN37203 		NONE PC 2022 CHILD CARE REPORT 5,000

TENNESSEE AQUARIUM

1 BROAD STREET
CHATTANOOGA,TN37402 		NONE PC REBUILDING EDUCATIONAL OUTREACH PROGRAM 200,000

TENNESSEE SCORE

1207 18TH AVE SOUTH SUITE 326
NASHVILLE,TN37212 		NONE PC GENERAL OPERATING SUPPORT 200,000

THE BETHLEHEM CENTER

200 W 38TH ST
CHATTANOOGA,TN37403 		NONE PC HOWARD SCHOOL GRADUATION SUCCESS 20,000

THE CHATTERY

1800 ROSSVILLE AVE UNIT 108
CHATTANOOGA,TN37408 		NONE PC HUMAN DEVELOPMENT SERIES 20,000

THE SOUTHERN DOCUMENTARY FUND

PO BOX 3622
DURHAM,NC27702 		NONE PC THE CIVIL CASE DOCUMENTARY 10,000

TIDES FOUNDATION

PO BOX 889389
LOS ANGELES,CA90088 		NONE PC NAACP ACT SO PROGRAM 2,500

TIVOLI THEATRE FOUNDATION INC

709 BROAD STREET
CHATTANOOGA,TN37402 		NONE PC THE TIVOLI THEATRE AND PERFORMING ARTS CENTER PROJECT CAPITAL CAMPAIGN 150,000

TRUST FOR PUBLIC LAND

101 MONTGOMERY ST STE 900
SAN FRANSISCO,CA94104 		NONE PC PARKS FINANCE INITIATIVE 25,000

UNIFIED

1609 MCCALLIE AVENUE
CHATTANOOGA,TN37404 		NONE PC GENERAL OPERATING SUPPORT 150,000

UNIVERSITY OF CHATTANOOGA FOUNDATION

615 MCCALLIE AVE DEBT 6806
CHATTANOOGA,TN37403 		NONE PC FOUR-DAY RESIDENCY BY THE UKRAINE'S KYIV CITY BALLET 10,000

URBAN LEAGUE OF CHATTANOOGA

401 EAST MLK BLVD 301
CHATTANOOGA,TN37403 		NONE PC ACQUISITION OF MLK BLVD BUILDING AND PURCHASE OF NEW FURNITURE 160,000

URBAN LEAGUE OF CHATTANOOGA

401 EAST MLK BLVD 301
CHATTANOOGA,TN37403 		NONE PC COMMUNITY CULTURE INDEX 5,000

URBAN LEAGUE OF CHATTANOOGA

401 EAST MLK BLVD 301
CHATTANOOGA,TN37403 		NONE PC BACK OFFICE SUPPORT FOR MINORITY BUSINESSES 30,000

URBAN LEAGUE OF CHATTANOOGA

401 EAST MLK BLVD 301
CHATTANOOGA,TN37403 		NONE PC GENERAL OPERATING SUPPORT/CAPACITY BUILDING 252,500
Total .................................right arrow 3a 4,695,990
bApproved for future payment

AMERICAN ASSOCIATION OF BLACKS IN ENERGY CHATTANOOGA CHAPTER
1625 K ST SUITE 405
WASHINGTON,DC20006 		NONE PC LINEMAN TRAINING CENTER 125,000

CHATTANOOGA CHAMBER FOUNDATION
811 BROAD STREET SUITE 100
CHATTANOOGA,TN37402 		NONE PC CHATTANOOGA 2.0 SUPPORT 560,000

CHATTANOOGA CHAMBER FOUNDATION
811 BROAD STREET SUITE 100
CHATTANOOGA,TN37402 		NONE PC BUILD WITHIN APPRENTICESHIP INITIATIVE 100,000

CHATTANOOGA DESIGN STUDIO
719 CHERRY STREET SUITE 100
CHATTANOOGA,TN37402 		NONE PC OPERATING SUPPORT 240,000

CHATTANOOGA NEIGHBORHOOD ENTERPRISE
1500 CHESTNUT STREET ST 102
CHATTANOOGA,TN37408 		NONE PC AFFORDABLE HOUSING 1,000,000

CHATTANOOGA STATE COMMUNITY COLLEGE
4501 AMNICOLD HWY
CHATTANOOGA,TN37406 		NONE PC REIMAGINING THE COMMUNITY COLLEGE EXPERIENCE 300,000

EAST TENNESSEE STATE UNIVERSITY
PO BOX 70601
JOHNSON CITY,TN37614 		NONE PC BLUE SKIES ACADEMY 300,000

HABITAT FOR HUMANITY
1201 E MAIN ST
CHATTANOOGA,TN37408 		NONE PC GENERAL OPERATING SUPPORT 130,000

LA PAZ CHATTANOOGA
1402 BAILEY AVE
CHATTANOOGA,TN37404 		NONE PC GENERAL OPERATING SUPPORT 100,000

SOUTHEAST COMMUNITY CAPITAL CORPORATION
201 VENTURE CIRCLE
NASHVILLE,TN37228 		NONE PC SMALL BUSINESS FUND 150,000

PUBLIC EDUCATION FOUNDATION
1651 S HOLTZCLAW AVE SUITE 201
CHATTANOOGA,TN37404 		NONE PC BRIDGING THE GAP SCHOLARSHIP 75,000

TIVOLI THEATRE FOUNDATION INC
709 BROAD STREET
CHATTANOOGA,TN37402 		NONE PC CAPITAL CAMPAIGN 300,000

TN SCORE
1207 18TH AVE SOUTH SUITE 326
NASHVILLE,TN37212 		NONE PC GENERAL OPERATING SUPPORT 400,000

URBAN LEAGUE OF CHATTANOOGA
401 EAST MLK BLVD 301
CHATTANOOGA,TN37403 		NONE PC GENERAL OPERATING SUPPORT 500,000
Total ................................. right arrow 3b 4,280,000
Form 990-PF (2022)
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
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 259,108  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 19,470  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 6,548,366  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INVESTMENT INCOME/LOSSES- LIMITED PARTNERSHIPS 		  -111,167      
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -111,167 6,826,944 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
6,715,777
(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 (2022)
Form 990-PF (2022)
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.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
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 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2022 InvestmentsOtherSchedule2
Name:
BENWOOD FOUNDATION INC
EIN:
62-0476283
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
LIMITED PARTNERSHIP INTEREST FMV 57,134 57,134
INVESTMENT FUNDS FMV 93,556,929 93,556,929

TY 2022 LegalFeesSchedule
Name:
BENWOOD FOUNDATION INC
EIN:
62-0476283
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 32,504 3,250   29,254


TY 2022 OtherAssetsSchedule
Name:
BENWOOD FOUNDATION INC
EIN:
62-0476283
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENT PROCEEDS RECEIVABLE 2,000,000 5,789,187 5,789,187
NOTE RECEIVABLE 1,824,242 1,621,377 1,621,377


TY 2022 OtherDecreasesSchedule
Name:
BENWOOD FOUNDATION INC
EIN:
62-0476283
Description Amount
NET UNREALIZED LOSS ON INVESTMENTS 19,160,842


TY 2022 OtherExpensesSchedule
Name:
BENWOOD FOUNDATION INC
EIN:
62-0476283
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MANAGEMENT FEES FROM K-1S 0 194,241   0
INVESTMENT EXPENSES FROM K-1S 0 655,274   0
INVESTMENT INTEREST EXPENSE FROM K-1S 0 72,444   0
INSURANCE 105,442 10,544   94,898
OFFICE EXPENSE 26,114 2,611   23,503
PARKING 5,053 505   4,548
PROFESSIONAL DEVELOPMENT 3,374 339   3,035
POSTAGE 302 30   272
DUES 4,980 498   4,482
MISCELLANEOUS 5,000 500   4,500
HOSPITALITY 8,171 817   7,354
OTHER CHARITABLE DISTRIBUTIONS 130,277 0   0


TY 2022 OtherIncomeSchedule2
Name:
BENWOOD FOUNDATION INC
EIN:
62-0476283
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 19,470 19,470 19,470
OTHER INVESTMENT INCOME/LOSSES- LIMITED PARTNERSHIPS -111,167 0 -111,167


TY 2022 OtherIncreasesSchedule
Name:
BENWOOD FOUNDATION INC
EIN:
62-0476283
Description Amount
UBTI NOT SHOWN ON AUDITED FINANCIALS 111,167


TY 2022 OtherLiabilitiesSchedule
Name:
BENWOOD FOUNDATION INC
EIN:
62-0476283
Description Beginning of Year - Book Value End of Year - Book Value
FEDERAL EXCISE TAXES PAYABLE 53,606 3,502


TY 2022 TaxesSchedule
Name:
BENWOOD FOUNDATION INC
EIN:
62-0476283
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAX 42,805 4,281   38,525
FEDERAL EXCISE TAX 578,543 57,854   520,689