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
Lyndhurst Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)517 E Fifth Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chattanooga, TN37403
A Employer identification number

62-6044177
B Telephone number (see instructions)

(423) 756-0767
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$150,996,296J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,093,951 2,093,271 2,093,951
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,860,016
b Gross sales price for all assets on line 6a 2,860,016
7 Capital gain net income (from Part IV, line 2)... 2,860,016
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
-2,233,337 -2,109,779 -2,233,337
12 Total. Add lines 1 through 11........ 2,720,630 2,843,508 -139,386
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 329,160 65,832 0 263,328
14 Other employee salaries and wages...... 638,445 56,372 0 582,073
15 Pension plans, employee benefits....... 89,775 0 0 89,775
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
12,466 0 0 12,466
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,500 7,705 0 3,795
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
11,240 9,590 0 1,650
17 Interest............... 342 342 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
37,948 0 0 367
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
43,680 0 43,680
20 Occupancy..............        
21 Travel, conferences, and meetings....... 17,717 0 0 17,717
22 Printing and publications.......... 5,837 0 0 5,837
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
391,389 0 0 391,389
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,589,499 139,841 43,680 1,368,397
25 Contributions, gifts, grants paid....... 4,081,093 4,081,093
26 Total expenses and disbursements. Add lines 24 and 25 5,670,592 139,841 43,680 5,449,490
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,949,962
b Net investment income (if negative, enter -0-) 2,703,667
c Adjusted net income (if negative, enter -0-)... 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.............      
2 Savings and temporary cash investments......... 3,756,046 4,626,732 4,626,732
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..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 116,450,477 Click to see attachment
List of Attached Documents:
// Content
117,697,142 		145,537,692
14 Land, buildings, and equipment: basis right arrow1,602,687
Less: accumulated depreciation (attach schedule) right arrow1,169,189 475,522 Click to see attachment
List of Attached Documents:
// Content
433,498 		433,498
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,425,755 		Click to see attachment
List of Attached Documents:
// Content
398,374 		Click to see attachment
List of Attached Documents:
// Content
398,374
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 126,107,800 123,155,746 150,996,296
Liabilities 17 Accounts payable and accrued expenses.......... 4,259 2,167
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)......... 4,259 2,167
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........ 133,416,396 126,103,542
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -7,312,855 -2,949,963
29 Total net assets or fund balances (see instructions)..... 126,103,541 123,153,579
30 Total liabilities and net assets/fund balances (see instructions). 126,107,800 123,155,746
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
126,103,541
2
Enter amount from Part I, line 27a .....................
2
-2,949,962
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
123,153,579
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
123,153,579
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 Gain fr Managed Investment P 2015-07-01 2023-12-15
b
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 2,860,016     2,860,016
b
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       2,860,016
b
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 2,860,016
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 0
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 37,581
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 37,581
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 37,581
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 192,184
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.............. 7 192,184
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
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 10 154,603
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow154,603 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 changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTN, DE
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 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.lyndhurstfoundation.org
14
The books are in care ofright arrowFoundation Officer - President Telephone no.right arrow (423) 756-0767

Located atright arrow517 East Fifth StChattanoogaTN ZIP+4right arrow37403
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
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
 
No
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
Tom White Chairman of the Board
2.00 		0 0 0
517 East Fifth Street
Chattanooga,TN37403
Dana B Perry Trustee, Secretary
2.00 		0 0 0
517 East Fifth Street
Chattanooga,TN37403
Andrew Carroll Trustee
2.00 		7,000 0 0
517 East Fifth Street
Chattanooga,TN37403
Melony Collins Trustee
2.00 		4,000 0 0
517 East Fifth Street
Chattanooga,TN37403
Carter Newbold Trustee
2.00 		0 0 0
517 East Fifth Street
Chattanooga,TN37403
Aaron Webb Trustee
2.00 		6,000 0 0
517 East Fifth Street
Chattanooga,TN37403
Ann Coulter Trustee
2.00 		3,000 0 0
517 East Fifth Street
Chattanooga,TN37403
Curtis L Collier Trustee
2.00 		0 0 0
517 East Fifth Street
Chattanooga,TN37403
Benic M Clark III President and Treasurer
40.00 		309,160 29,601 0
517 East Fifth Street
Chattanooga,TN37403
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
Macon C Toledano Associate Director
40.00 		248,830 23,964 0
517 East Fifth Street
Chattanooga,TN37403
Nena F Powell Controller
40.00 		140,930 13,047 0
517 East Fifth Street
Chattanooga,TN37403
Kathleen E Nolte Program Officer
40.00 		140,782 13,010 0
517 East Fifth Street
Chattanooga,TN37403
Sarah C Cox Executive Assistant
40.00 		107,463 10,152 0
517 East Fifth Street
Chattanooga,TN37403
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
159,924,778
b
Average of monthly cash balances.......................
1b
7,191,439
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
167,116,217
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
167,116,217
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,506,743
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
164,609,474
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
8,230,474
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
8,230,474
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
37,581
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
37,581
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
8,192,893
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
8,192,893
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
8,192,893
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
5,449,490
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
5,449,490
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 8,192,893
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019...... 290,367
c From 2020......  
d From 2021......  
e From 2022...... 1,636,766
f Total of lines 3a through e ........ 1,927,133
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 5,449,490
a Applied to 2022, 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 2023 distributable amount..... 5,449,490
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 1,927,133 1,927,133
(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 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 .......... 		816,270
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 ...... 		0
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....  
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:
Benic M Clark III
517 East Fifth Street
Chattanooga,TN37403
(423) 756-0767
bThe form in which applications should be submitted and information and materials they should include:
Application guidelines are listed on the foundation's website at www.lyndhurstfoundation.org.
cAny submission deadlines:
Proposal deadlines are March 31, June 30, September 30, and December 31.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Unsolicited proposals are not eligible for consideration.
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

A Step Ahead Foundation

PO Box 4212
Chattanooga,TN37405 		  PC Expanded Services and Improved Database Capacity 75,000

A Step Ahead Foundation

PO Box 4212
Chattanooga,TN37405 		  PC LH Associates matching program 2,000

Alzheimer's Association

5008 Dellwood Drive
Rossville,GA30741 		  PC LH Associates matching program 200

American Cancer Society - Relay for Life

167 Ham Dr NE
Cleveland,TN37203 		  PC LH Associates matching program 1,611

Art 120

1204 Sunset Drive
Signal Mountain,TN37377 		  PC LH Associates matching program 55

Art is Here Inc

PO Box 3028
Cleveland,TN37320 		  PC Performing Arts Feasibility Study/Back Alley Galleries Improvement 30,000

ArtsBuild

301 East 11th Street Suite 300
Chattanooga,TN37403 		  PC LH Associates matching program 600

ArtsBuild

301 East 11th Street Suite 300
Chattanooga,TN37403 		  PC General Operating Support 170,000

Austin Hatcher Foundation

1705 Holtzclaw Ave
Chattanooga,TN37404 		  PC LH Associates matching program 500

Baylor School

171 Baylor School Road
Chattanooga,TN37405 		  PC LH Associates matching program 400

Be The Change Youth Initiative

1509 E 14th Street
Chattanooga,TN37404 		  PC Youth Art Initiative CommUNITY School Program 10,000

Big Brothers Big Sisters of Chattanooga

2015 Bailey Ave
Chattanooga,TN37404 		  PC LH Associates matching program 500

Big Sur Land Trust

PO Box 4071
Monterey,CA93942 		  PC LH Associates matching program 103

Boys & Girls Club of Chatt

PO Box 11567
Chattanooga,TN37401 		  PC LH Associates matching program 500

Building and Construction Workforce Ctr

1601 Gulf St 300
Chattanooga,TN37408 		  PC Scholarship Fund 10,000

Chattanooga Area Food Bank

2009 Curtain Pole Road
Chattanooga,TN374062306 		  PC LH Associates matching program 1,350

Chatt Chamber Fdn

811 Broad Street Suite 100
Chattanooga,TN374022626 		  PC Chattanooga 2.0 Hamilton Co Childhood Literacy Program 50,000

Chattanooga Design Studio

850 Market St Ste 206
Chattanooga,TN37402 		  PC General Operations, CIVIQ Lecture Series 175,000

Chattanooga Football Club Foundation

1271 Market Street Suite C
Chattanooga,TN37402 		  PC Initial Soccer Field Design Confirmation Project 65,000

CHATT Foundation

PO Box 11203
Chattanooga,TN37401 		  PC LH Associates matching program 1,100

Chattanooga Girls Leadership Academy

PO Box 3859
Chattanooga,TN37404 		  PC LH Associates matching program 1,500

Chattanooga Girls Rock

1092 Tiftonia View Rd
Chattanooga,TN37419 		  PC General Operating Support 20,000

Chattanooga Prep School

1849 Union Ave
Chattanooga,TN37404 		  PC LH Associates matching program 1,500

Chattanooga State Community Foundation

4501 Amnicola Hwy
Chattanooga,TN37406 		  PC LH Associates matching program 1,000

Chattanooga Zoo

301 N Holtzclaw Ave
Chattanooga,TN37404 		  PC Promoting Equity and Diversity in Zoos 25,000

Chattery

1800 Rossville Blvd Ste 108B
Chattanooga,TN37404 		  PC General Operating Support 60,000

City of Ringgold

150 Tennessee Street
Ringgold,GA30736 		  GOV Slabtown Park & So Chickamauga Creek Blueway Proj 125,000

Cleveland Bradley Regional Museum5pts

200 Inman Street East
Cleveland,TN37311 		  PC Cultural Programming in 2023-2024 30,000

CNE

1500 Chestnut Street Suite 102
Chattanooga,TN37408 		  PC Missing Middle Housing and Supportive Prototypes 487,500

Community Foundation of Greater Chattanooga

1400 Williams Street
Chattanooga,TN37408 		  PC LH Associates matching program 930

Cumberland Trails Conference

409 Thurman Avenue Suite 102
Crossville,TN38555 		  PC General Operating Support 75,000

Dalton-Whitfield Joint Dev'lmnt Authority

100 S Hamilton St
Dalton,GA30720 		  PC Hamilton St Infill Affordable Workforce Housing Plans 95,000

ELLA Library

PO Box 3034
Chattanooga,TN37404 		  PC BLVD Operations and Capacity Building 2023-2024 35,000

EWI - Chatt Foundation

PO Box 11522
Chattanooga,TN37401 		  PC LH Associates matching program 4,147

Executive Women Int'l BCDP

PO Box 1933
Grand Rapids,MI49501 		  PC LH Associates matching program 500

Fellowship of Christian Athletes

PO Box 280
Rock Springs,GA30739 		  PC LH Associates matching program 200

Friends of SouCumberland SP

PO Box 816
Sewanee,TN37375 		  PC Staffing Expenses 75,000

GA-Alabama Land Trust

226 Old Ladiga Road
Piedmont,AL36272 		  PC Conservation Work in Thrive Region 75,000

GA-Alabama Land Trust

226 Old Ladiga Road
Piedmont,AL36272 		  PC LH Associates matching program 1,000

Gateway Church of Christ

14950 Northline Rd
Southgate,MI48195 		  PC LH Associates matching program 200

Girls Inc of Chattanooga

4505 Brainerd Rd Ste 110
Chattanooga,TN37411 		  PC LH Associates matching program 2,000

Girls Inc of Chattanooga

4505 Brainerd Rd Ste 110
Chattanooga,TN37411 		  PC Outdoor Girl Summer Camp 2023 30,000

greenspaces

63 East Main Street
Chattanooga,TN374081317 		  PC Urban Forestry Phase 2 and General Operations 100,000

Harvard Magazine

PO Box 414946
Boston,MA022414946 		  PC LH Associates matching program 60

Harvard University Grad School of Design

124 Mount Auburn St 4th floor
Cambridge,MA021385795 		  PC LH Associates matching program 100

Heifer International

1 World Avenue
Little Rock,AR72202 		  PC LH Associates matching program 240

Help Right Here

603 Texas Ave
Signal Mountain,TN37377 		  PC LH Associates matching program 500

Help Right Here

603 Texas Ave
Signal Mountain,TN37377 		  PC General Operations 2023 20,000

Homes and Havens

1404 McCallie Ave
Chattanooga,TN37404 		  PC LH Associates matching program 500

Humane EducSociety

214 N Highland Park Avenue
Chattanooga,TN37404 		  PC LH Associates matching program 100

La Paz Chattanooga

809 South Willow St
Chattanooga,TN37404 		  PC General Operating Support 100,000

Land Trust Alliance - DC

1250 H Street NW
Washington,DC20005 		  PC 2023 Southeast Land Conservation Conference 10,000

Land Trust for Tennessee

PO Box 41027
Nashville,TN37204 		  PC General Operations - SE Regional Office 75,000

LAUNCH

PO Box 903
Chattanooga,TN37401 		  PC General Operations 2023; Kitchen Incubator Seating Area 185,000

Little River Arts Council

PO Box 370
Mentone,AL35984 		  PC "Firmly Planted, Moving Forward" Public Art Project 30,000

Lookout Mountain Conservancy

PO Box 76
Lookout Mountain,TN373500076 		  PC LH Associates matching program 250

Lula Lake Land Trust

PO Box 395
Lookout Mountain,TN30750 		  PC LH Associates matching program 1,000

McCallie School

500 Dodds Ave
Chattanooga,TN37404 		  PC LH Associates matching program 15,000

Metropolitan Ministries

4001 Rossville Blvd
Chattanooga,TN37407 		  PC LH Associates matching program 890

Montessori Elementary Highland Park

PO Box 3804
Chattanooga,TN37404 		  PC LH Associates matching program 1,000

National Park Partners

PO Box 748
Chattanooga,TN37401 		  PC LH Associates matching program 125

National Park Partners

PO Box 748
Chattanooga,TN37401 		  PC Land Preservation, Anniversary Celebration, Outreach & Advocacy 125,000

Nature Conservancy GA

1270 Caroline St
Atlanta,GA30307 		  PC Conserving the Conasauga Watershed 100,000

North Chickamauga Creek Conserv

PO Box 358
Hixson,TN37343 		  PC LH Associates matching program 2,000

Paint Rock Forest Research Center

3402 Altamont Road South
Birmingham,AL35205 		  PC Forest Dynamics Infrastructure and Education Program 75,000

Pilgrim Congregational Church

400 Glenwood Drive
Chattanooga,TN37404 		  PC LH Associates matching program 4,800

Pop-Up Project

1602 Arapaho Dr
Chattanooga,TN37379 		  PC General Operating Support 60,000

Public Education Fdn

835 Georgia Ave Ste 400
Chattanooga,TN37402 		  PC LH Associates Matching Program 1,000

Purpose Point Community Resource Center

PO Box 24533
Chattanooga,TN37421 		  PC Purpose Point Learning Academy Phase II Expansion 100,000

RISE

108 Woodlawn Dr
Chattanooga,TN374113529 		  PC RISE Creative Community and Affordable Housing Plans 145,000

Reflection Riding Arboretum & Nature Ctr

400 Garden Rd
Chattanooga,TN37419 		  PC LH Associates Matching Program 60

Rhyme N Chatt

2321 David Circle
Chattanooga,TN37421 		  PC General Operating Support 2023-2024 10,000

RISE Chattanooga

108 Woodlawn Drive
Chattanooga,TN374113529 		  PC LH Associates Matching Program 300

River City Company

850 Market Street
Chattanooga,TN37402 		  SO II Fun on the Fourth 8,500

River City Company

850 Market Street
Chattanooga,TN37402 		  SO II Riverfront Park Pop-up Activity Space Prototyping 70,000

River City Company

850 Market Street
Chattanooga,TN37402 		  SO II Animating Downtown and the Riverfront 78,000

Rossville High School Alumni Association

PO Box 1001
Rossville,GA30741 		  PC LH Associates Matching Program 50

Sewanee-University of the South

735 University Ave
Sewanee,TN37383 		  PC LH Associates Matching Program 10,000

Signal Centers

109 North Germantown Road
Chattanooga,TN37411 		  PC General Operations for the Hart Gallery 20,000

Signal Mountain Social Services

PO Box 294
Signal Mountain,TN37377 		  PC LH Associates Matching Program 1,000

Siskin Children's Institute

1101 Carter Street
Chattanooga,TN37402 		  PC LH Associates Matching Program 250

SKIRTS

801 Dodds Ave
Chattanooga,TN37404 		  PC LH Associates Matching Program 2,000

Small Center

1725 Baronne St
New Orleans,LA70113 		  PC LH Associates Matching Program 50

Songbirds Foundation

1407-A Market St
Chattanooga,TN37402 		  PC LH Associates Matching Program 500

Songbirds Foundation

1407-A Market St
Chattanooga,TN37402 		  PC Whitwell Middle School Piano Lab 16,000

Sou Cumberland Community Foundation

322 West Main St
Monteagle,TN37356 		  PC LH Associates Matching Program 4,000

SoundCorps

2901 Taylor St Ste 300
Chattanooga,TN37406 		  PC LH Associates Matching Program 100

SoundCorps

2901 Taylor St Ste 300
Chattanooga,TN37406 		  PC Chattanooga Hip Hop Summit 20,000

SoundCorps

2901 Taylor St Ste 300
Chattanooga,TN37406 		  PC Music Cities Convention in Huntsville, AL 5,000

SoundCorps

2901 Taylor St Ste 300
Chattanooga,TN37406 		  PC General Operations 75,000

Southeastern Cave Conservancy

4311 7th Avenue
Chattanooga,TN374072615 		  PC Land Acquisition - Kelly Cove Sinkhole 80,000

Southeastern Climbers Coalition

PO Box 3324
Chattanooga,TN37404 		  PC Land Acquisition - Citadel Boulders and Woodcock Cove 100,000

Spelman College

350 Spelman Lane SW
Atlanta,GA303144399 		  PC LH Associates Matching Program - Memorial Award 4,000

Spelman College

350 Spelman Lane SW
Atlanta,GA303144399 		  PC LH Associates Matching Program - Memorial Scholarship 12,000

Splash

1814 Wheeler Avenue
Chattanooga,TN37406 		  PC General Operating Support 45,000

Stove Works

1250 East 13th St
Chattanooga,TN37408 		  PC LH Associates Matching Program 50

Thankful Memorial Episcopal Church

PO Box 2274
Chattanooga,TN37409 		  PC LH Associates Matching Program 4,000

The Generosity Trust

345 Frazier Ave Unit 205
Chattanooga,TN37405 		  PC LH Associates Matching Program 9,800

The Trevor Project

PO Box 69232
West Hollywood,CA90069 		  PC LH Associates Matching Program 100

Thrive Regional Ptnrsship Inc

832 Georgia Ave Ste 420
Chattanooga,TN37402 		  PC Tri-State Summit Sponsorship 5,000

Thrive Regional Ptnrsship Inc

832 Georgia Ave Ste 420
Chattanooga,TN37402 		  PC Natural Treasures Alliance 75,000

Thrive Sequatchie

PO Box 1653
Dunlap,TN37327 		  PC 2023 Cycle Sequatchie Farmers Feast and Oktoberfest 20,000

TN Aquarium

One Broad Street
Chattanooga,TN37402 		  PC LH Associates Matching Program 250

TN River Gorge Trust

1214 Dartmouth Street
Chattanooga,TN37405 		  PC LH Associates Matching Program 107

TN River Gorge Trust

1214 Dartmouth Street
Chattanooga,TN37405 		  PC Green Energy Infrastructure for New Office Building 150,000

TN Vly RR Museum

4119 Cromwell Road
Chattanooga,TN37421 		  PC General Operating Support 5,000

Town of Monteagle

PO Box 127
Monteagle,TN37356 		  GOV Communities by Design: Monteagle Main St Plan 10,000

Trust for Public Land-TN Office

PO Box 3240
Chattanooga,TN37404 		  PC General Operations, Community Schoolyard Playground, Red Bank Park Planning 250,000

United Way of Gr Chatt

PO Box 4027
Chattanooga,TN374050027 		  PC LH Associates Matching Program 10,000

Univ of Georgia Foundation

One Press Place Ste 101
Athens,GA30601 		  PC LH Associates Matching Program 1,362

Univ of Georgia Foundation

One Press Place Ste 101
Athens,GA30601 		  PC Hutcheson Med Center Redevelopment Vision & Masterplan 65,000

Univ of North Carolina

PO Box 309
Chapel Hill,NC275140309 		  PC LH Associates Matching Program 400

Univ of North Florida Foundation

1 UNF Drive
Jacksonville,FL32224 		  PC LH Associates Matching Program 150

Urban League of Gr Chatt

PO Box 11106
Chattanooga,TN37401 		  PC LH Associates Matching Program 51

Whitwell High School

200 Tiger Trail
Whitwell,TN37397 		  PC LH Associates Matching Program 200

Women's Fund of GrChatt

5715 Uptain Rd Ste 300
Chattanooga,TN37411 		  PC LH Associates Matching Program 652

Women's Fund of GrChatt

5715 Uptain Rd Ste 300
Chattanooga,TN37411 		  PC General Operations and Endowment Support 20,000

WTCIPBS

7540 Bonnyshire Drive
Chattanooga,TN37416 		  PC LH Associates Matching Program 60

WUTC FM881 - NPR

615 McCallie Avenue Dept 1151
Chattanooga,TN374032598 		  PC LH Associates Matching Program 120

Yes Magazine

PO Box 10818
Bainbridge Island,WA98110 		  PC LH Associates Matching Program 20
Total .................................right arrow 3a 4,081,093
bApproved for future payment

Access & Equity
Various locations
Chattanooga,TN37403 		  PC To support future grants approved by trustees 430,000

Arts & Culture
Various locations
Chattanooga,TN37403 		  PC To support future grants approved by trustees 840,000

Conservation Parks & Recreation
Various locations
Chattanooga,TN37403 		  PC To support future grants approved by trustees 460,000

Urban Design
various locations
Chattanooga,TN37403 		  PC To support future grants approved by trustees 200,000
Total ................................. right arrow 3b 1,930,000
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 ........... 		         
4 Dividends and interest from securities ....     14 2,093,951  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,860,016  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPass-Through Ord Loss-Mgd Investments 		    14 -2,109,779  
bUBTI Investments 900001 -115,016      
cMisc Income     14    
dND Costs     14 -8,542  
e
12 Subtotal. Add columns (b), (d), and (e) .. -115,016 2,835,646 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,720,630
(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

TY 2023 AccountingFeesSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Accounting Fees 11,500 7,705 0 3,795

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

TY 2023 DepreciationSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
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
Burt House - Bldg Cost (Before Restoration) 1995-01-01 160,080 112,056 SL 40.000000000000 4,002 0 4,002  
Land - Lyndhurst Park 1995-01-01 15,225   NC 0 % 0 0 0  
1995 Burt House Renovation 1995-01-01 820,220 569,747 SL 40.000000000000 20,505 0 20,505  
1996 Burt House Renovation 1996-02-15 121,337 81,157 SL 40.000000000000 3,033 0 3,033  
1998 Burt House Improvements 1998-05-01 1,084 668 SL 40.000000000000 27 0 27  
1999 Burt House Improvements 1999-01-15 4,069 4,069 SL 15.000000000000 0 0 0  
2000 Burt House Improvements 2000-10-31 133,550 74,007 SL 40.000000000000 3,338 0 3,338  
2001 Burt House Improvements 2001-01-12 3,799 2,090 SL 40.000000000000 95 0 95  
2006 Burt House Improvements 2006-05-31 5,633 5,633 SL 15.000000000000 0 0 0  
2007 Burt House Improvements 2007-06-12 14,846 14,846 SL 15.000000000000 0 0 0  
2009 Burt House Improvements 2009-03-13 1,995 1,840 SL 15.000000000000 133 0 133  
2012 Burt House Improvements 2012-07-18 15,444 11,812 SL 15.000000000000 1,030 0 1,030  
2013 Burt House Improvements 2013-08-26 8,026 4,994 SL 15.000000000000 535 0 535  
2020 Burt House Improvements 2020-12-14 726 217 SL 7.000000000000 104 0 104  
2021 Burt House Improvements 2021-01-22 3,211 879 SL 7.000000000000 459 0 459  
2022 Burt House Improvements 2022-04-28 19,098 318 SL 40.000000000000 477 0 477  
Prior 2015 Furniture & Fixtures 2014-11-21 126,209 126,209 SL 7.000000000000 0 0 0  
2015 Furniture & Fixtures 2015-03-31 8,542 8,542 SL 7.000000000000 0 0 0  
2016 Furniture & Fixtures 2016-01-01 546 546 SL 7.000000000000 0 0 0  
2017 Furniture & Fixtures 2017-07-01 2,177 2,177 SL 5.000000000000 0 0 0  
2017 Furniture & Fixtures 2017-07-05 12,623 9,832 SL 7.000000000000 1,803 0 1,803  
2018 Furniture & Fixtures 2018-11-26 620 506 SL 5.000000000000 114 0 114  
2018 Furniture & Fixtures 2018-11-28 590 343 SL 7.000000000000 84 0 84  
2019 Furniture & Fixtures 2019-04-26 21,763 15,897 SL 5.000000000000 4,353 0 4,353  
2019 Furniture & Fixtures 2019-01-14 639 364 SL 7.000000000000 91 0 91  
2020 Furniture & Fixtures 2020-05-06 3,951 2,106 SL 5.000000000000 790 0 790  
Prior 2002 Landscape 1996-12-17 54,701 54,701 SL 7.000000000000 0 0 0  
1997 Lindsey Court 1997-08-18 27,939 17,693 SL 40.000000000000 698 0 698  
2021 Landscape 2021-01-04 7,460 1,967 SL 7.000000000000 1,065 0 1,065  
2022 Landscape 2022-08-01 4,928 293 SL 7.000000000000 704 0 704  
Prior 2015 Furniture & Fixtures 2014-11-21 7,441 7,441 SL 7.000000000000 0 0 0  
2023 Furniture & Fixtures 2023-07-01 1,656   SL 5.000000000000 240 0 240  

TY 2023 InvestmentsOtherSchedule2
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Sigular Guff Bric Opp Fund AT COST 408,359 148,968
Tiger Global PIP X, LP AT COST 1,754,960 2,383,734
Tiger Global PIP IX, LP AT COST 504,766 670,211
Tiger Global PIP VIII, LP AT COST 248,436 147,466
Palladian Partners VIII-A, LP AT COST 2,405,297 4,257,675
CBL Secondary SPV, LP AT COST 43,944 557,408
GT US QP Fund LP AT COST 11,585,845 19,187,411
GT International Equity QP Fund LP AT COST 21,700,886 24,391,086
Headlands Capital Secondary Fd II AT COST 417,059 1,548,436
GT Offshore Fund, Ltd AT COST 27,675,761 34,005,134
Blue Ridge Offshore LP AT COST 1 15,225
WCP Real Estate Fund II, LP AT COST 159,092 556,861
GT Emerging Markets (QP) LP AT COST 7,880,250 8,077,074
Viking Global Equity III, Ltd AT COST 11,423,679 15,153,779
GT Special Opportunities III-A LP AT COST 5,750,326 5,565,158
Palladian Partners IX, LP AT COST 4,110,392 6,214,855
Tiger Global PIP XI, LP AT COST 2,464,467 2,675,364
Cumberland Forest LP AT COST 1,560,753 2,386,134
Headlands Capital Secondary Fd III AT COST 967,072 1,701,818
GT Credit Oppor Fd LP AT COST 117,852 111,021
Pimco ST Fd AT COST 2,956,123 2,904,622
Tiger Global PIP XII, LP AT COST 891,822 1,001,783
GT Biotech Fund AT COST 2,961,294 2,986,511
GT Private Equity X-A LP AT COST 1,673,762 1,921,790
Tiger Global PIP XIV LP AT COST 3,208,027 2,270,028
Tiger Global PIP XV Feeder LP AT COST 899,917 622,350
Brickyard Fund I, LP AT COST 353,120 353,123
Vanguard Core Bond Fund AT COST 3,573,880 3,722,667

TY 2023 LandEtcSchedule2
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Burt House - Bldg Cost (Before Restoration) 160,080 116,058 44,022  
Land - Lyndhurst Park 15,225 0 15,225  
1995 Burt House Renovation 820,220 590,252 229,968  
1996 Burt House Renovation 121,337 84,190 37,147  
1998 Burt House Improvements 1,084 695 389  
1999 Burt House Improvements 4,069 4,069 0  
2000 Burt House Improvements 133,550 77,345 56,205  
2001 Burt House Improvements 3,799 2,185 1,614  
2006 Burt House Improvements 5,633 5,633 0  
2007 Burt House Improvements 14,846 14,846 0  
2009 Burt House Improvements 1,995 1,973 22  
2012 Burt House Improvements 15,444 12,842 2,602  
2013 Burt House Improvements 8,026 5,529 2,497  
2020 Burt House Improvements 726 321 405  
2021 Burt House Improvements 3,211 1,338 1,873  
2022 Burt House Improvements 19,098 795 18,303  
Prior 2015 Furniture & Fixtures 126,209 126,209 0  
2015 Furniture & Fixtures 8,542 8,542 0  
2016 Furniture & Fixtures 546 546 0  
2017 Furniture & Fixtures 2,177 2,177 0  
2017 Furniture & Fixtures 12,623 11,635 988  
2018 Furniture & Fixtures 620 620 0  
2018 Furniture & Fixtures 590 427 163  
2019 Furniture & Fixtures 21,763 20,250 1,513  
2019 Furniture & Fixtures 639 455 184  
2020 Furniture & Fixtures 3,951 2,896 1,055  
Prior 2002 Landscape 54,701 54,701 0  
1997 Lindsey Court 27,939 18,391 9,548  
2021 Landscape 7,460 3,032 4,428  
2022 Landscape 4,928 997 3,931  
2023 Furniture & Fixtures 1,656 240 1,416  


TY 2023 LegalFeesSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees 12,466 0 0 12,466


TY 2023 OtherAssetsSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Investment Income Receivable 5,023,162 33,362 33,362
Construction in Progress 1,525 1,525 1,525
Income Tax Receivable 401,068 363,487 363,487


TY 2023 OtherExpensesSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Computer Maintenance 7,992 0 0 7,992
Direct Charitable Activities 3,700 0 0 3,700
Dues and Subscriptions 34,874 0 0 34,874
Employee Insurance 86,885 0 0 86,885
Equipment Lease 4,340 0 0 4,340
Insurance 20,864 0 0 20,864
Miscellaneous Expense 7,828 0 0 7,828
Office Supplies 41,850 0 0 41,850
PEO Fees 6,225 0 0 6,225
Pension Plan Expense 26,344 0 0 26,344
Payroll Taxes 58,182 0 0 58,182
Repairs and Maintenance 78,860 0 0 78,860
Telephone Expense 6,584 0 0 6,584
Utilities 6,861 0 0 6,861


TY 2023 OtherIncomeSchedule2
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Pass-Through Ord Loss-Mgd Investments -2,109,779 -2,109,779 -2,109,779
UBTI Investments -115,016   -115,016
ND Costs -8,542   -8,542


TY 2023 OtherProfessionalFeesSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Agents' Fees 9,590 9,590 0 0
Consultants 1,650 0 0 1,650


TY 2023 TaxesSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Personalty Taxes/Stormwater Fee 367 0 0 367
Taxes - 990-PF 37,581 0 0 0