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
THE LEONETTIO'CONNELL FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)515 S FIGUEROA ST 650
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOS ANGELES, CA90071
A Employer identification number

20-3889415
B Telephone number (see instructions)

(213) 622-0066
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$104,319,065J 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) 500,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 189,910 189,910  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
2,135,814
b Gross sales price for all assets on line 6a 2,567,493
7 Capital gain net income (from Part IV, line 2)... 2,128,768
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
124,395 267,617  
12 Total. Add lines 1 through 11........ 2,950,119 2,586,295  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 247,773 0   247,773
14 Other employee salaries and wages...... 8,100 0   8,100
15 Pension plans, employee benefits....... 30,231 0   30,231
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
67,318 0   67,318
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
52,000 15,080   19,240
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
150,221 0   150,221
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
29,662 0   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
745 0  
20 Occupancy.............. 2,631 0   2,631
21 Travel, conferences, and meetings....... 48,521 0   48,521
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
628,217 547,032   34,195
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,265,419 562,112   608,230
25 Contributions, gifts, grants paid....... 2,769,107 2,769,107
26 Total expenses and disbursements. Add lines 24 and 25 4,034,526 562,112   3,377,337
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,084,407
b Net investment income (if negative, enter -0-) 2,024,183
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............. 263,088 387,393 387,393
2 Savings and temporary cash investments......... 22,203,894 6,488,165 6,488,165
3 Accounts receivable right arrow65,000
Less: allowance for doubtful accounts right arrow   2,671,741 65,000 65,000
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..........   560,243 560,243
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 4,307,852 Click to see attachment
List of Attached Documents:
// Content
5,488,448 		5,488,448
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).......... 69,677,502 Click to see attachment
List of Attached Documents:
// Content
90,568,248 		90,568,248
14 Land, buildings, and equipment: basis right arrow3,727
Less: accumulated depreciation (attach schedule) right arrow1,118 3,354 Click to see attachment
List of Attached Documents:
// Content
2,609 		2,609
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
172,403 		Click to see attachment
List of Attached Documents:
// Content
758,959 		Click to see attachment
List of Attached Documents:
// Content
758,959
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 99,299,834 104,319,065 104,319,065
Liabilities 17 Accounts payable and accrued expenses.......... 3,315,003 752,000
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 3,315,003 752,000
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........... 95,984,831 103,567,065
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)..... 95,984,831 103,567,065
30 Total liabilities and net assets/fund balances (see instructions). 99,299,834 104,319,065
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
95,984,831
2
Enter amount from Part I, line 27a .....................
2
-1,084,407
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
8,666,641
4
Add lines 1, 2, and 3 ..........................
4
103,567,065
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
103,567,065
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 GREENHOUSE EQUITY PARTNERS P 2005-01-01 2022-12-31
b GREYBULL STEWARDSHIP LP P 2005-01-01 2022-12-31
c GREYBULL STEWARDSHIP LP P 2005-01-01 2022-12-31
d HOUSATONIC EQUITY INVESTORS IV P 2005-01-01 2022-12-31
e HOUSATONIC EQUITY INVESTORS V P 2005-01-01 2022-12-31
HOUSATONIC EQUITY INVESTORS V P 2005-01-01 2022-12-31
NEXT COAST VENTURES I, LP P 2005-01-01 2022-12-31
NEXT COAST VENTURES II, LP P 2005-01-01 2022-12-31
OCM OPPORTUNITIES FUND VIIB AIF (CAYMAN) P 2005-01-01 2022-12-31
OCM OPPORTUNITIES FUND VIIB AIF (DE) P 2005-01-01 2022-12-31
OCM OPPORTUNITIES FUND VIIB AIF LP P 2005-01-01 2022-12-31
PEAK VENTURES FUND II P 2005-01-01 2022-12-31
PETERSON PRIVATE EQUITY VII P 2005-01-01 2022-12-31
PETERSON PRIVATE EQUITY VII P 2005-01-01 2022-12-31
PETERSON PRIVATE EQUITY VIII P 2005-01-01 2022-12-31
ROCKWOOD EQUITY PARTNERS III P 2005-01-01 2022-12-31
ROCKWOOD EQUITY PARTNERSHIP FUND P 2005-01-01 2022-12-31
SERENT CAPITAL ASSOCIATES II P 2005-01-01 2022-12-31
TENNENBAUM OPPORTUNITIES FUND V P 2005-01-01 2022-12-31
VOLLEY SELLERS LLC P 2005-01-01 2022-12-31
SERVICESOURCE INTL (GS #3919-8) P 2005-01-01 2022-12-31
TRUSTAR TECHNOLOGY INC STOCK SALE P 2005-01-01 2022-12-31
OLMO NOTE GAIN ON REDEMPTION P 2021-01-01 2022-10-21
TD AMERITRADE #0711 P 2005-01-01 2022-12-31
CITY NATIONAL #1410 P 2005-01-01 2022-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       0
b 306     306
c     3 -3
d 321,918     321,918
e 209,847     209,847
207,453     207,453
1,258     1,258
    32,225 -32,225
171     171
43     43
34     34
855,544     855,544
    20,077 -20,077
    22 -22
    212,489 -212,489
5,740     5,740
203     203
24,247     24,247
443,447     443,447
20,938     20,938
    162,829 -162,829
115,401     115,401
204,965     204,965
44,806     44,806
    4,034 -4,034
104,126     104,126
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       0
b       306
c       -3
d       321,918
e       209,847
      207,453
      1,258
      -32,225
      171
      43
      34
      855,544
      -20,077
      -22
      -212,489
      5,740
      203
      24,247
      443,447
      20,938
      -162,829
      115,401
      204,965
      44,806
      -4,034
      104,126
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 2,128,768
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 28,136
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 28,136
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 28,136
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 70,000
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 70,000
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
8 346
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 41,518
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow41,518 Refundedright arrow 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. 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 arrowCA
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 Click to see attachment
List of Attached Documents:
// Content
.............
11
Yes
 
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.LOCFF.ORG
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (213) 622-0066

Located atright arrow515 S FIGUEROA ST 650LOS ANGELESCA ZIP+4right arrow90071
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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowCA
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
Yes
 
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
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 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)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
CARA ESPOSITO EXECUTIVE DIRECTOR
25.00 		0 0 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
MARGO LEONETTI O'CONNELL PRESIDENT, DIRECTOR
2.00 		0 0 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
MICHAEL F O'CONNELL SECRETARY, CFO, DIRECTOR
2.00 		0 0 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
MICHAEL KEVIN O'CONNELL VICE PRESIDENT
2.00 		0 0 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
DIANA ADAMSON CEO, ARETE RISING LLC
40.00 		137,500 0 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
VERONICA PONCE-NAVARRETE COO, ARETE RISING LLC
40.00 		110,273 5,729 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................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
7,215,844
b
Average of monthly cash balances.......................
1b
14,671,271
c
Fair market value of all other assets (see instructions)................
1c
87,344,892
d
Total (add lines 1a, b, and c).........................
1d
109,232,007
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
109,232,007
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,638,480
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
107,593,527
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
5,379,676
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
5,379,676
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
28,136
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
28,136
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
5,351,540
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
5,351,540
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
5,351,540
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
3,377,337
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
3,377,337
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 5,351,540
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......  
b From 2018......  
c From 2019......  
d From 2020...... 902,685
e From 2021...... 405,654
f Total of lines 3a through e ........ 1,308,339
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 3,377,337
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..... 3,377,337
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2022. 1,308,339 1,308,339
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 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 .......... 		665,864
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) ... 		0
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2018....  
b Excess from 2019....  
c Excess from 2020....  
d Excess from 2021....  
e Excess from 2022....  
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.
CARA ESPOSITO
MARGO LEONETTI O'CONNELL
MICHAEL F O'CONNELL
MICHAEL KEVIN O'CONNELL
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
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)
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

CALIFORNIA COMMUNITY FOUNDATION

221 S FIGUEROA ST 400
LOS ANGELES,CA90012 		  PC PHILANTHROPY, VOLUNTEERISM & GRANTMAKING 5,000

CALIFORNIA SCIENCE CENTER

700 EXPOSITION PARK DR
LOS ANGELES,CA90037 		  PC SCIENCE & TECHNOLOGY 110,000

CARLTHORP SCHOOL

438 SAN VICENTE BLVD
SANTA MONICA,CA90402 		  PC EDUCATION 50,000

CLASSICAL KUSC

1149 S HILL STREET
LOS ANGELES,CA90015 		  PC ARTS, CULTURE & HUMANITIES 10,000

FOUNDATION FOR CA COMMUNITY COLLEGES

1102 Q ST STE 4800
SACRAMENTO,CA95811 		  PC EDUCATION 50,000

LIFT INC

4041 MACARTHUR BLVD STE 240
NEWPORT BEACH,CA92260 		  PC PHILANTHROPY, VOLUNTEERISM & GRANTMAKING 50,000

LOYOLA HIGH SCHOOL

1901 VENICE BLVD
LOS ANGELES,CA90006 		  PC EDUCATION 10,000

MARLBOROUGH SCHOOL

250 S ROSSMORE AVE
LOS ANGELES,CA90004 		  PC EDUCATION 150,000

ROXBURY LATIN SCHOOL

101 ST THERESA AVE
WEST ROXBURY,MA02132 		  PC EDUCATION 50,000

SHOES THAT FIT

1420 N CLAREMONT BLVD SUITE 204A
CLAREMONT,CA91711 		  PC PHILANTHROPY, VOLUNTEERISM & GRANTMAKING 25,000

SOUTHERN CALIFORNIA GRANTMAKERS

1000 ALAMEDA ST 230
LOS ANGELES,CA90012 		  PC PHILANTHROPY, VOLUNTEERISM & GRANTMAKING 8,200

SOUTHWESTERN LAW SCHOOL

3050 WILSHIRE BLVD
LOS ANGELES,CA90010 		  PC EDUCATION 25,000

TEMPLE ISAIAH

1404 STONY BROOK ST
STONY BROOK,NY11790 		  PC EDUCATION 15,000

THE COLLEAGUES

3312 PICO BLVD
SANTA MONICA,CA90405 		  PC CHILDREN & YOUTH SERVICES 5,000

THE J PAUL GETTY TRUST

1200 GETTY CENTER DR
LOS ANGELES,CA90049 		  POF GENERAL OPERATING SUPPORT 50,000

TURNING POINT SCHOOL

8780 NATIONAL BLVD
CULVER CITY,CA90232 		  PC EDUCATION 35,000

UNIVERSITY OF SOUTHERN CALIFORNIA

UNIVERSITY GARDENS UGB203
LOS ANGELES,CA90089 		  PC EDUCATION 103,516

YOUNG EISNER SCHOLARS

PO BOX 3085
INGLEWOOD,CA90304 		  PC PHILANTHROPY, VOLUNTEERISM & GRANTMAKING 250,000

ASIAN PACIFIC AMERICAN LEADERSHIP

3183 WILSHIRE BLVD 196N
LOS ANGELES,CA90010 		  PC PROGRAM SUPPORT 5,000

CASA OF LOS ANGELES

201 CENTRE PLAZA DR 1100
MONTEREY PARK,CA91754 		  PC PROGRAM SUPPORT 5,000

CRETE ACADEMY

6103 CRENSHAW BLVD
LOS ANGELES,CA90043 		  PC TAHP OUTSTANDING ADVOCATE FUND 10,000

HARVARD-WESTLAKE SCHOOL

700 NORTH FARING RD
LOS ANGELES,CA90077 		  PC PROGRAM SUPPORT 500,000

LOYOLA MARYMOUNT UNIVERSITY

UNIVERSITY HALL 2800 1 LMU DR
LOS ANGELES,CA90045 		  PC PROGRAM SUPPORT 5,000

MARYMOUNT HIGH SCHOOL

10643 SUNSET BLVD
LOS ANGELES,CA90077 		  PC PROGRAM SUPPORT 1,000,000

NATI'S HOUSE

1733 N VALENCIA AVE
SANTA ANA,CA92706 		  PC PROGRAM SUPPORT 10,000

NATURE CONSERVANCY

445 SOUTH FIGUEROA ST STE 1950
LOS ANGELES,CA90071 		  PC PROGRAM SUPPORT 18,000

PROJECT ANGEL FOOD

922 NORTH VINE ST
LOS ANGELES,CA90038 		  PC PROGRAM SUPPORT 5,000

UPWARD BOUND HOUSE

1104 WASHINGTON AVENUE
SANTA MONICA,CA90403 		  PC PROGRAM SUPPORT 20,000

WAGS AND WALKS

2236 FEDERAL AVENUE
LOS ANGELES,CA90064 		  PC PROGRAM SUPPORT 5,000

CEDARS-SINAI

6500 WILSHIRE BLVD STE 1600
LOS ANGELES,CA90048 		  PC PROGRAM SUPPORT 100,000
GRANTS UNDER 1K TO NEEDY INDIVIDUAL


C/O FOUNDATION 515 S FIGUREROA ST
650
LOS ANGELES,CA90071 		NONE I FINANCIAL HARDSHIP 84,391
Total .................................right arrow 3a 2,769,107
bApproved for future payment
Total ................................. right arrow 3b 0
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 ....     14 189,910  
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 ..... 525990   14 267,617  
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 7,046 18 2,128,768  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 7,046 2,586,295 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,593,341
(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
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Name of the organization
THE LEONETTIO'CONNELL FAMILY FOUNDATION
 
Employer identification number

20-3889415
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
THE LEONETTIO'CONNELL FAMILY FOUNDATION
  		Employer identification number
20-3889415
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
M2O INC
 
515 S FIGUEROA STREET STE 650
 
LOS ANGELES, CA90071

$ 500,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
THE LEONETTIO'CONNELL FAMILY FOUNDATION
  		Employer identification number

20-3889415
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
THE LEONETTIO'CONNELL FAMILY FOUNDATION
  		Employer identification number

20-3889415
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 52,000 15,080   19,240

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TY 2022 DepreciationSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
COMPUTERS (ARETE RISING) 2021-06-30 3,727 373 SL 5.000000000000 745 0    

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TY 2022 ExpenditureResponsibilityStmt
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
J PAUL GETTY TRUST
  		1200 GETTY CENTER DRIVE STE 400
LOS ANGELES,CA90049 		2022-10-12 50,000 GENERAL OPERATING SUPPORT 50,000 NONE N/A    

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TY 2022 GainLossSaleOtherAssetsSch
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
BG LLH DEBT FINANCED 2005-01 PURCHASED 2022-12   6,042   COST 0 6,042  
BG LLH DEBT FINANCED 2005-01 PURCHASED 2022-12       COST 0    
PETERSON PRIVATE EQUITY VIII SEC. 1231 GAIN 2005-01 PURCHASED 2022-12   1,004   COST 0 1,004  

TY 2022 InvestmentsCorpStockSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Name of Stock End of Year Book Value End of Year Fair Market Value
HOVER INC COMMON & PREFERRED 3,172,000 3,172,000
T ROWE PRICE NEW HORIZONS 2,316,448 2,316,448

TY 2022 InvestmentsOtherSchedule2
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACTZERO, INC. FMV 3,000,000 3,000,000
ALAMAR PARTNERS FMV 425,000 425,000
ARABLE LABS INC. FMV 767,000 767,000
AUXO MANAGEMENT, LLP FMV 6,451,000 6,451,000
BH LLH INTERMEDIATE LLC FMV 5,811,619 5,811,619
BROCKHURST CAPITAL-LEXSHARES FMV 600,000 600,000
CAMBER PARTNERS FUND I FMV 167,735 167,735
DIAPENTE CAPITAL FMV 228,868 228,868
EAGLE ROCK CAPITAL LLC FMV 2,000,000 2,000,000
FICTIV INC. FMV 1,970,000 1,970,000
FXVII BELLWETHER4 FMV 100,000 100,000
FXVII BELLWETHER5 FMV 250,000 250,000
GOLDMAN SACHS VINTAGE FUND IV FMV 55,433 55,433
GOLDMAN SACHS VINTAGE FUND V FMV 42,933 42,933
G-S VINTAGE FUND VII+GS ENERGY FUND FMV 886,974 886,974
GREYBULL STEWARDSHIP LP FMV 1,581,335 1,581,335
HAMILTON HALL LLC FMV 1,220,000 1,220,000
HAMMERSMITH CAPITAL FMV 500,000 500,000
HERITAGE OPERATING PARTNERS FMV 1,000,000 1,000,000
HOUSATONIC EQUITY INVESTORS IV FMV 1,131,845 1,131,845
HOUSATONIC EQUITY INVESTORS V FMV 650,514 650,514
I R S PARTNERS NO. 12 LP FMV 21,035,000 21,035,000
MST SERVICE HLDGS LLC & NEXT COAST VENTURES I, LP FMV 3,267,268 3,267,268
NEXT COAST VENTURES II, LP FMV 4,212,540 4,212,540
OCM OPPORTUNITIES FD (CAYMAN) FMV 95 95
OCM OPPORTUNITIES FD VIIB LP FMV 1,055 1,055
OCOZZIO HOLDINGS LLC FMV 150,000 150,000
OLMO COLD STORAGE FMV 2,083,371 2,083,371
PEAK VENTURES FUND II, LP FMV 3,850,004 3,850,004
PETERSON PARTNERS VII LP FMV 429,223 429,223
PETERSON PARTNERS VIII LP FMV 3,037,581 3,037,581
PETERSON PARTNERS IX LP FMV 1,728,983 1,728,983
PLAT 3, LLC (THE PARTNERS COS.) FMV 2,140,000 2,140,000
POLO CAPITAL FMV 500,000 500,000
PRACINCO SUMO TECHNOLOGIES FMV 792,000 792,000
PREDICTIVE INDEX HOLDINGS LLC FMV 2,624,000 2,624,000
RADAZON CAPITAL FMV 300,000 300,000
RELAY HOLDINGS LLC FMV 272,000 272,000
RP FUND LLC-SERIES 3 FMV 257,942 257,942
ROCKWOOD EQUITY PARTNERS III FMV 2,031,727 2,031,727
ROCKWOOD EQUITY PARTNERSHIP FD FMV 77,388 77,388
ROCKWOOD EQUITY IV FMV 228,826 228,826
SENECA TRAIL CAPITAL FMV 500,000 500,000
SERENT CAPITAL ASSOC II LP FMV 934,445 934,445
SERENT CAPITAL ASSOCIATES LP FMV 223,347 223,347
SYLMAR GROUP HOLD CO LLC FMV 221,500 221,500
TEN20 PARTNERS LLC FMV 396,563 396,563
TDA SECURITIES FMV 1,873,167 1,873,167
TENNENBAUM OPPORTUNITIES FUND V FMV 379,877 379,877
WORKLYN PARTNERS FMV 418,502 418,502
BROADOAK BIOTOOLS VENTURE FUND FMV 46,588 46,588
ATHENAEUM PARTNERS LLC FMV 330,000 330,000
CEP SPV II, CHANNEL EQUITY FMV 1,000,000 1,000,000
CAMBER PEAK LLC FMV 300,000 300,000
CLOUDSTREET PARTNERS LLC FMV 500,000 500,000
HS PEO HOLDINGS LLC FMV 1,000,000 1,000,000
MERCATOR SEARCH GROUP LLC FMV 300,000 300,000
MGT PARTNERS LLC FMV 1,250,000 1,250,000
LUGGAGE FORWARD INC. FMV 480,000 480,000
MIDWAY CAPITAL IV FMV 2,055,000 2,055,000
NEWHOLD LLC FMV 500,000 500,000

TY 2022 LandEtcSchedule2
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTERS (ARETE RISING) 3,727 1,118 2,609 2,609


TY 2022 LegalFeesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 67,318 0   67,318


TY 2022 OtherAssetsSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
LOAN RECEIVABLE - OLMO 172,403 758,959 758,959


TY 2022 OtherExpensesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADMINISTRATIVE SERVICES 408 138   270
BANK SERVICE CHARGES 6,288 6,254   34
ENTERTAINMENT/APPRECIATION 140 0   140
INSURANCE 9,077 0   9,077
OFFICE EXPENSE 21,722 0   21,722
PASSTHROUGH K-1S - INVESTMENT FEE 556,913 513,971   0
PASSTHROUGH K-1S - CHARITABLE CONTRIBUTIONS 2,952 0   2,952
PASSTHROUGH K-1S - INVESTMENT INTEREST 30,717 26,669   0


TY 2022 OtherIncomeSchedule2
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 PASSTHROUGH ORDINARY INCOME -283,299 0  
K-1 PASSTHROUGH INTEREST 56,495 56,495  
K-1 PASSTHROUGH DIVIDENDS 211,122 211,122  
K-1 PASSTHROUGH OTHER INCOME 39,209 0  
K-1 PASSTHROUGH NET RENTAL INCOME 16,050 0  
K-1 INTEREST/DIVIDENDS - DEBT FINANCED 84,818 0  


TY 2022 OtherIncreasesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Description Amount
UNREALIZED GAIN ON INVESTMENTS 8,364,591
DEFERRED TAXES EXPENSE 168,000
BOOK TO TAX ADJUSTMENT- GAIN/LOSS RECOGNITION 134,050


TY 2022 OtherProfessionalFeesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING AND OUTSIDE SERVICES 150,221 0   150,221


TY 2022 TaxesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE INCOME TAX 400 0   0
FEDERAL EXCISE TAX 28,462 0   0
ARETE LLC TAX 800 0   0


TY 2022 TransfersToControlledEntities
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Name US /
Foreign Address		 EIN Description Amount
ARETE RISING HOLDINGS LLC 515 S FIGUEROA ST STE 650
LOS ANGELES,CA90071 		87-3874405 FUND OPERATIONS AND GRANTS 716,500
Total     716,500