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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
KENNEDY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)320 MCCALLIE AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN37402
A Employer identification number

62-1296643
B Telephone number (see instructions)

(423) 756-5171
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$48,830,196J 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) 3,320,166
2 Check right arrow.............
3 Interest on savings and temporary cash investments 307,666 307,666  
4 Dividends and interest from securities... 905,113 905,113  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -199,296
b Gross sales price for all assets on line 6a 7,116,197
7 Capital gain net income (from Part IV, line 2)... 0
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
120 120  
12 Total. Add lines 1 through 11........ 4,333,769 1,212,899  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
45,101 0   45,101
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,500 0   1,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
211,972 211,972   0
17 Interest............... 162 0   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
18,118 2,027   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,398 169   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 279,251 214,168   46,601
25 Contributions, gifts, grants paid....... 15,679,505 15,679,505
26 Total expenses and disbursements. Add lines 24 and 25 15,958,756 214,168   15,726,106
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -11,624,987
b Net investment income (if negative, enter -0-) 998,731
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 48,020 26,082 26,082
2 Savings and temporary cash investments......... 20,280,076 6,565,585 6,565,585
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.......... 11,730 16,400 16,400
10a Investments—U.S. and state government obligations (attach schedule) 3,684,487 Click to see attachment
List of Attached Documents:
// Content
6,210,303 		6,210,303
b Investments—corporate stock (attach schedule)....... 17,057,561 Click to see attachment
List of Attached Documents:
// Content
18,986,444 		18,986,444
c Investments—corporate bonds (attach schedule)....... 2,583,799 Click to see attachment
List of Attached Documents:
// Content
3,712,536 		3,712,536
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans............. 51,539 51,068 51,068
13 Investments—other (attach schedule).......... 12,306,725 Click to see attachment
List of Attached Documents:
// Content
13,261,778 		13,261,778
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 56,023,937 48,830,196 48,830,196
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 56,023,937 48,830,196
29 Total net assets or fund balances (see instructions)..... 56,023,937 48,830,196
30 Total liabilities and net assets/fund balances (see instructions). 56,023,937 48,830,196
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
56,023,937
2
Enter amount from Part I, line 27a .....................
2
-11,624,987
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,431,595
4
Add lines 1, 2, and 3 ..........................
4
48,830,545
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
349
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
48,830,196
Form 990-PF (2023)
Form 990-PF (2023)
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 TRUIST X8490      
b CAPITAL GAIN DISTRIBUTIONS      
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 7,115,537   7,315,493 -199,956
b 660     660
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       -199,956
b       660
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 -199,296
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
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 13,882
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 13,882
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 13,882
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 16,400
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 16,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 342
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 2,176
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow2,176 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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 changesClick to see attachment
List of Attached Documents:
// Content
....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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
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 2023 or the taxable year beginning in 2023? 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
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowHENDERSON HUTCHERSON & MCCULLOUGH PLLC Telephone no.right arrow (423) 756-7771

Located atright arrow1200 MARKET STREETCHATTANOOGATN 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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
JAMES D KENNEDY III PRESIDENT
2.00 		0 0 0
380 PADDOCK POINT
ALEXANDER CITY,AL35010
MOLLY K KENNEDY SECRETARY & TREASURER
1.00 		0 0 0
2001 CLEARFIELD LANE
CHATTANOOGA,TN37405
ELIZABETH K SPRATLIN CHAIRMAN
1.00 		0 0 0
3357 COCHISE DRIVE SE
ATLANTA,GA30339
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 (2023)
Form 990-PF (2023)
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 (2023)
Form 990-PF (2023)
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
39,986,540
b
Average of monthly cash balances.......................
1b
4,548,459
c
Fair market value of all other assets (see instructions)................
1c
16,400
d
Total (add lines 1a, b, and c).........................
1d
44,551,399
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
44,551,399
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
668,271
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
43,883,128
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,194,156
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
2,194,156
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
13,882
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
13,882
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,180,274
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,180,274
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
2,180,274
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
15,726,106
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
15,726,106
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,180,274
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,446,861
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 15,726,106
a Applied to 2022, but not more than line 2a 1,446,861
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 2023 distributable amount..... 2,180,274
e Remaining amount distributed out of corpus 12,098,971
5 Excess distributions carryover applied to 2023. 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 12,098,971
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		12,098,971
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 12,098,971
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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:
R WAYNE PETERS GENERAL COUNSEL
320 MCCALLIE AVENUE
CHATTANOOGA,TN37402
(423) 756-5171
bThe form in which applications should be submitted and information and materials they should include:
NO PRESCRIBED FORM
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
ALL CONTRIBUTIONS ARE TO QUALIFIED 501(C) ORGANIZATIONS
Form 990-PF (2023)
Form 990-PF (2023)
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 HEART ASSOCIATION INC

7272 GREENVILLE AVE
DALLAS,TX75231 		    TO SUPPORT ANNUAL CAMPAIGN 3,000

FRIENDS OF THE NATIONAL WORLD WAR II MEMORIAL

921 PENNSYLVANIA AVENUE SE
WASHINGTON,DC20003 		    TO SUPPORT A PUBLIC CHARITY 50,000

UNIVERSITY OF CHATTANOOGA FOUNDATION INC

615 MCCALLIE AVE DEPT 6806
CHATTANOOGA,TN37403 		    TO PROVIDE FUNDING AND SCHOLARSHIP TO THE POETRY PROGRAM 100,000

JP MORGAN CHARITABLE GIVING FUND NATIONAL PHILANTHROPIC TRUST KENNEDY F

24 W KING ST SUITE 201
LANCASTER,PA17603 		    TO CONTRIBUTE FUNDS TO A NON-PROFIT CHARITY 14,651,505

ERLANGER HEALTH SYSTEM FOUNDATIONS

975 E 3RD STREET SUITE B-508
CHATTANOOGA,TN37403 		    TO SUPPORT A PUBLIC CHARITY 800,000

FRIENDS OF SPECIAL CHILDREN FOR THE BENEFIT OF SIGNAL CENTERS LLC

PO BOX 5718
CHATTANOOGA,TN37406 		    TO SUPPORT A PUBLIC CHARITY 25,000

ST PAUL'S EPISCOPAL CHURCH

305 W 7TH STREET
CHATTANOOGA,TN37402 		    TO PROVIDE FUNDS FOR CHURCH UPKEEP 5,000

ERLANGER HOSPITAL

979 E 3RD STREET
CHATTANOOGA,TN37403 		    TO PROVIDE SUPPORT TO NON-PROFIT HOSPITAL 10,000

UNIVERSITY OF THE SOUTH

735 UNIVERSITY AVENUE
SEWANEE,TN37383 		    TO PROVIDE FUNDING AND SCHOLARSHIP OPPORTUNITIES 10,000

HAITI DEAF ACADEMY

3766 WALKER ROAD
WALKER,IA52352 		    TO SUPPORT A PUBLIC CHARITY 5,000

METROPOLITAN MINISTRIES

4001 ROSSVILLE BLVD
CHATTANOOGA,TN37407 		    TO SUPPORT A PUBLIC CHARITY 5,000

MARY CAMERON ROBINSON FOUNDATION

1400 MCCALLIE AVE 114
CHATTANOOGA,TN37404 		    TO SUPPORT A PUBLIC CHARITY 10,000

UNITED WAY OF GREATER CHATTANOOGA

630 MARKET STREET
CHATTANOOGA,TN37402 		    TO SUPPORT A PUBLIC CHARITY 5,000
Total .................................right arrow 3a 15,679,505
bApproved for future payment

UNIVERSITY OF CHATTANOOGA FOUNDATION
615 MCCALLIE AVE DEPT 6806
CHATTANOOGA,TN37403 		    TO FUND A NEW BUILDING FOR THE NURSING SCHOOL 8,000,000

UNIVERSITY OF CHATTANOOGA FOUNDATION
615 MCCALLIE AVE DEPT 6806
CHATTANOOGA,TN37403 		    TO PROVIDE FUNDING FOR A PROFESSORSHIP 500,000
Total ................................. right arrow 3b 8,500,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 307,666  
4 Dividends and interest from securities ....     14 905,113  
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 .....     18 120  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -199,296  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,013,603 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,013,603
(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 (2023)
Form 990-PF (2023)
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 (2023)
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
2023
Name of the organization
KENNEDY FOUNDATION INC
 
Employer identification number

62-1296643
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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
KENNEDY FOUNDATION INC
  		Employer identification number
62-1296643
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
THE ESTATE OF JAMES D KENNEDY JR
 
303 PEACHTREE STREET NE FL 2
 
ATLANTA, GA303083201

$ 3,320,166


(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) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
KENNEDY FOUNDATION INC
  		Employer identification number

62-1296643
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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
KENNEDY FOUNDATION INC
  		Employer identification number

62-1296643
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) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 1,500 0   1,500

TY 2023 GeneralExplanationAttachment
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Identifier Return Reference Explanation
YEAR-END INVESTMENT LISTING FORM 990-PF, PART II, LINES 10, 12, AND 13 MARKET VALUE - GOVERNMENT BONDS $ 119,927.50 FEDERAL HOME LOAN MORTGAGE CORP 149,472.00 FEDERAL HOME LOAN MORTGAGE CORP 141,862.45 FEDERAL HOME LOAN MORTGAGE CORP 84,882.35 FEDERAL HOME LOAN MORTGAGE CORP 122,931.25 FEDERAL HOME LOAN MORTGAGE CORP 46,850.27 FED HOME LOAN MTGE CORP POOL #RB5054 93,978.35 FED HOME LOAN MTGE CORP POOL #RB5148 83,559.13 FED HOME LOAN MTGE CORP POOL #RE6072 112,591.19 FED HOME LOAN MTGE CORP POOL #SD1662 142,533.04 FED HOME LOAN MTGE CORP POOL #SD7556 99,202.39 FEDERAL NATIONAL MORTGAGE ASSN 35,108.48 FEDERAL NATIONAL MORTGAGE ASSN 27,415.04 FEDERAL NATIONAL MORTGAGE ASSN 106,198.54 FEDERAL NATIONAL MORTGAGE ASSN 7,486.59 FEDERAL NATIONAL MORTGAGE ASSN 77,357.02 FEDERAL NATIONAL MORTGAGE ASSN 160,131.15 FEDERAL NATIONAL MORTGAGE ASSN 85,595.53 FEDERAL NATIONAL MORTGAGE ASSN 93,914.80 FEDL NATL MTGE ASSN POOL #CB2856 77,527.56 FEDL NATL MTGE ASSN POOL #FS2157 127,808.32 FEDL NATL MTGE ASSN POOL #FS3167 112,540.95 FEDL NATL MTGE ASSN POOL #FS4651 26,930.81 FEDL NATL MTGE ASSN POOL #MA1148 26,336.56 FEDL NATL MTGE ASSN POOL #MA2065 17,333.46 FEDL NATL MTGE ASSN POOL #MA2151 21,671.25 FEDL NATL MTGE ASSN POOL #MA3309 21,445.38 FEDL NATL MTGE ASSN POOL #MA3336 21,443.75 FEDL NATL MTGE ASSN POOL #MA3337 69,508.21 FEDL NATL MTGE ASSN POOL #MA4205 100,525.52 FEDL NATL MTGE ASSN POOL #MA4655 95,551.00 FEDERAL NATIONAL MORTGAGE ASSN 38,832.15 FEDERAL NATIONAL MORTGAGE ASSN 142,612.75 FEDERAL NATIONAL MORTGAGE ASSN 34,432.30 FEDERAL NATIONAL MORTGAGE ASSN 94,317.00 FEDERAL NATIONAL MORTGAGE ASSN 266,792.50 UNITED STATES TREASURY BONDS 19,493.00 UNITED STATES TREASURY BONDS 273,042.70 UNITED STATES TREASURY BONDS 17,390.60 UNITED STATES TREASURY BONDS 246,819.00 UNITED STATES TREASURY BONDS 97,059.00 UNITED STATES TREASURY NOTES 141,222.00 UNITED STATES TREASURY NOTES 148,881.00 UNITED STATES TREASURY NOTES 19,361.80 UNITED STATES TREASURY NOTES 97,523.00 UNITED STATES TREASURY NOTES 245,917.50 UNITED STATES TREASURY NOTES 280,782.00 UNITED STATES TREASURY NOTES 67,419.10 UNITED STATES TREASURY NOTES 559,064.00 UNITED STATES TREASURY NOTES $ 5,300,581.24 TOTAL GOVERNMENT BONDS MARKET VALUE - MUNICIPAL BONDS $ 133,428.00 BALTIMORE CNTY MARYLAND 87,061.00 BEAUFORT CNTY NORTH CAROLINA LTD 45,263.00 CALIFORNIA STATE 136,389.00 CALIFORNIA STATE 111,551.25 LINCOLN NEBRASKA ELEC SYS REVENUE 84,675.00 MASSACHUSETTS STATE DEV FIN AGY 38,998.40 MET TRANSPRTN AUTH NEW YORK 86,292.00 MIAMI-DADE CNTY FLORIDA 93,508.00 PENNSYLVANIA STATE UNIV 92,556.00 PIMA CNTY ARIZONA PLEDGED REVENUE $ 909,721.65 TOTAL MUNICIPAL BONDS MARKET VALUE - CORPORATE STOCK $ 102,829.32 GENERAL DYNAMICS CORP 7,522.68 HOWMET AEROSPACE INC 92,914.20 LOCKHEED MARTIN CORP 6,553.96 NORTHROP GRUMMAN CORPORATION 56,131.11 UNITED PARCEL SERVICE CL B 2,492.00 FOOT LOCKER INC 347,497.29 ROSS STORES INC 600,571.62 TJX COS INC 6,056.40 RALPH LAUREN CORP CL A 8,466.30 TAPESTRY INC 126,479.20 ADOBE INC 125,148.72 AUTODESK INC 15,674.58 HUBSPOT INC 35,001.68 INTUIT INC 84,789.45 BANK OF NEW YORK MELLON CORP 192,396.60 BLACKROCK INC 14,803.80 APTIV PLC 38,784.15 AUTOZONE INC 1,129.68 LEAR CORP 271,722.88 O'REILLY AUTOMOTIVE INC 99,787.34 FORD MOTOR CO DEL 150,320.90 ABBVIE INC 99,723.31 GILEAD SCIENCES INC 106,073.15 COMCAST CORP-CL A 7,353.60 CARRIER GLOBAL CORP 74,586.16 JOHNSON CONTROLS INTERNATIONAL PLC 19,121.67 OWENS CORNING 121,470.60 DOW INC 209,658.00 CISCO SYSTEMS INC 9,706.72 BEST BUY COMPANY INC 225,004.87 CATERPILLAR INC 7,905.81 CUMMINS INC 18,394.02 DEERE & CO 265,919.03 MARTIN MARIETTA MATLS INC 88,061.00 BROADRIDGE FINL SOLUTIONS INC 13,546.38 DIAGEO PLC SPONSORED 118,518.40 BANK OF AMERICA CORP 53,909.12 CITIGROUP INC 112,333.93 FIFTH THIRD BANCORP 348,024.60 JP MORGAN CHASE & CO 5,990.40 KEYCORP 82,844.75 PNC FINL SVCS GROUP INC 136,115.60 US BANCORP 56,852.40 JACOBS SOLUTIONS INC 180,638.59 TRANSUNION 161,708.22 VERISK ANALYTICS INC 19,657.44 RIO TINTO PLC SPONSORED 11,366.91 EDISON INTERNATIONAL 63,579.60 EVERGY INC 3,353.28 OGE ENERGY CORP 135,962.68 SOUTHERN COMPANY 185,666.14 AMETEK INC 37,808.74 EATON CORP PLC 74,457.45 EMERSON ELEC CO 170,293.20 TRIMBLE INC 13,909.50 TE CONNECTIVITY LIMITED 14,806.80 VERALTO CORPORATION 246,880.89 CONOCOPHILLIPS 7,645.92 PIONEER NATURAL RESOURCES CO 10,398.64 CORTEVA INC 41,739.75 INTERCONTINENTAL EXCHANGE INC 3,807.05 MARKETAXESS HOLDINGS INC 184,137.36 S&P GLOBAL INC 12,295.99 KROGER CO 12,702.69 NIKE INC-CLASS B 11,649.96 BARRICK GOLD CORP 3,642.32 NEWMONT CORP 96,265.00 APPLE INC 20,743.38 CENCORA, INC. 31,019.66 MCKESSON CORP 71,545.50 ABBOTT LABS 4,260.44 INTEGER HOLDINGS CORPORATION 107,011.62 MEDTRONIC PLC 286,684.40 STERIS PLC 381,240.86 TELEFLEX INC 3,529.30 ZIMMER BIOMET HOLDINGS INC 11,364.50 LABORATORY CORP AMERICA HOLDINGS 32,640.05 THE CIGNA GROUP 7,667.64 WILLIAMS-SONOMA INC 214,514.45 HOME DEPOT INC 33,827.60 LOWES COS INC 15,351.12 LENNAR CORP 6,683.05 KIMBERLY CLARK CORP 232,852.06 PROCTER & GAMBLE CO 3,279.60 3M CO 66,945.73 LINDE PLC 10,459.08 DOVER CORP 19,974.12 IDEX CORP 13,379.82 INGERSOLL-RAND INC 5,726.08 OTIS WORLDWIDE CORP 85,690.20 PARKER HANNIFIN CORP 31,563.36 XYLEM INC 213,411.12 ARTHUR J GALLAGHER & CO 41,872.87 MARSH & MCLENNAN COS INC 248,500.56 CHEVRON CORP 264,947.00 EXXON MOBIL CORP 22,503.60 SHELL PLC SPONSORED 12,667.44 TOTALENERGIES SE 94,521.74 AT&T INC 143,561.60 VERIZON COMMUNICATIONS INC 8,071.79 ELECTRONIC ARTS INC 36,319.40 ALPHABET INC CL A 590,637.63 ALPHABET INC CL C 423,896.88 GODADDY INC - CLASS A 15,580.00 SHOPIFY INC CL A 24,768.00 CHARLES SCHWAB CORP 39,301.92 ACCENTURE PLC CL A 436,223.37 GARTNER INC CL A 86,190.85 INTL BUSINESS MACHINES CORP 182,188.15 METLIFE INC 185,848.32 PRUDENTIAL FINL INC 261,876.88 DANAHER CORP 286,626.60 THERMO FISHER SCIENTIFIC INC 26,407.36 ELEVANCE HEALTH INC 19,479.39 UNITEDHEALTH GROUP INC 143,627.44 BALL CORP 2,836.68 HARLEY DAVIDSON INC 25,067.50 AMERICAN INTL GROUP INC 54,568.98 BERKSHIRE HATHAWAY INC-CL B 5,828.28 CENTERPOINT ENERGY INC 82,613.65 PUBLIC SERVICE ENTERPRISE GROUP INC 74,385.61 MONDELEZ INTERNATIONAL INC 126,036.70 NESTLE SA SPONSORED 13,822.26 KENVUE INC 22,566.07 LOREAL CO UNSPONSORED 9,945.00 LAUDER ESTEE COS INC 4,088.63 CATALENT INC 5,188.40 GSK PLC SPONSORED 207,680.50 JOHNSON & JOHNSON 189,476.76 MERCK & CO INC 33,723.98 NOVARTIS AG SPONSORED 132,434.00 PFIZER INC 2,112.66 SANDOZ GROUP AG 45,592.47 ZOETIS INC 53,788.00 CHUBB LTD 43,264.96 FNF GROUP 434,489.40 MARKEL GROUP INC 28,033.28 PROGRESSIVE CORP 5,905.19 TRAVELERS COMPANIES INC 543,308.61 WHITE MOUNTAINS INSURANCE GROUP LTD 17,211.31 CANADIAN NATIONAL RAILWAY CO 118,051.35 CSX CORP 8,351.08 UNION PAC CORP 31,086.72 AMERICAN TOWER CORP 71,302.61 CROWN CASTLE INC 44,415.00 GAMING AND LEISURE PROPERTIES INC 46,549.80 HEALTHPEAK PROPERTIES INC 86,618.20 LAMAR ADVERTISING CO 1,312.08 NET LEASE OFFICE PROPERTIES 130,367.40 PROLOGIS INC 69,087.46 WP CAREY INC 96,279.12 KINDER MORGAN INC 15,860.00 VALERO ENERGY CORP 43,082.00 CITIZENS FINANCIAL GROUP INC 75,009.84 HUNTINGTON BANCSHARES INC 145,586.41 MCDONALDS CORP 14,881.55 STARBUCKS CORP 123,335.27 APPLIED MATERIALS INC 26,158.50 KLA CORP 30,547.14 LAM RESEARCH CORP 158,507.50 BROADCOM INC 20,737.62 MICRON TECHNOLOGY INC 19,752.48 NXP SEMICONDUCTORS NV 6,643.99 QORVO INC

TY 2023 InvestmentsCorpBondsSchedule
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Name of Bond End of Year Book Value End of Year Fair Market Value
CORPORATE BONDS 3,712,536 3,712,536

TY 2023 InvestmentsCorpStockSchedule
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 18,986,444 18,986,444

TY 2023 InvestmentsGovtObligationsSch
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
US Government Securities - End of Year Book Value:

5,300,581
US Government Securities - End of Year Fair Market Value:

5,300,581
State & Local Government Securities - End of Year Book Value:


909,722
State & Local Government Securities - End of Year Fair Market Value:


909,722


TY 2023 InvestmentsOtherSchedule2
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MUTUAL FUNDS FMV 12,927,382 12,927,382
ASSET BACKED FMV 334,396 334,396

TY 2023 LegalFeesSchedule
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 45,101 0   45,101


TY 2023 OtherDecreasesSchedule
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Description Amount
PENALTIES 349


TY 2023 OtherExpensesSchedule
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 2,229 0   0
INVESTEMENT FEES 169 169   0


TY 2023 OtherIncomeSchedule2
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
LIQUIDATION LITIGATION PROCEEDS 120 120 120


TY 2023 OtherIncreasesSchedule
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Description Amount
MARK TO MARKET GAIN 4,431,595


TY 2023 OtherProfessionalFeesSchedule
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BROKERAGE FEES 211,972 211,972   0


TY 2023 TaxesSchedule
Name:
KENNEDY FOUNDATION INC
EIN:
62-1296643
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 2,027 2,027   0
FEDERAL EXCISE TAX 16,091 0   0