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

20-3889415
B Telephone number (see instructions)

(213) 622-0066
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$98,662,922J 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... 491,572 686,792  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 842,993
b Gross sales price for all assets on line 6a 1,593,921
7 Capital gain net income (from Part IV, line 2)... 842,993
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
1,433,509 950,364  
12 Total. Add lines 1 through 11........ 2,768,074 2,480,149  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 334,269 0   334,269
14 Other employee salaries and wages...... 83,117 0   83,117
15 Pension plans, employee benefits....... 75,790 0   75,790
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
29,391 0   29,391
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
53,500 26,750   26,750
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
220,102 0   220,102
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
48,624 8,498   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,186 0  
20 Occupancy.............. 4,938 0   4,938
21 Travel, conferences, and meetings....... 127,331 0   127,331
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
709,569 568,087   141,682
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,687,817 603,335   1,043,370
25 Contributions, gifts, grants paid....... 2,482,104 2,482,104
26 Total expenses and disbursements. Add lines 24 and 25 4,169,921 603,335   3,525,474
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,401,847
b Net investment income (if negative, enter -0-) 1,876,814
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............. 387,393 100,000 100,000
2 Savings and temporary cash investments......... 6,488,165 6,853,832 6,853,832
3 Accounts receivable right arrow172,274
Less: allowance for doubtful accounts right arrow   65,000 172,274 172,274
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 560,243 586,154 586,154
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 11,831,615 Click to see attachment
List of Attached Documents:
// Content
7,524,080 		7,524,080
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).......... 84,225,081 Click to see attachment
List of Attached Documents:
// Content
83,422,752 		83,422,752
14 Land, buildings, and equipment: basis right arrow6,134
Less: accumulated depreciation (attach schedule) right arrow2,304 2,609 Click to see attachment
List of Attached Documents:
// Content
3,830 		3,830
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
758,959 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 104,319,065 98,662,922 98,662,922
Liabilities 17 Accounts payable and accrued expenses.......... 752,000 562,000
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 752,000 562,000
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 103,567,065 98,100,922
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 103,567,065 98,100,922
30 Total liabilities and net assets/fund balances (see instructions). 104,319,065 98,662,922
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
103,567,065
2
Enter amount from Part I, line 27a .....................
2
-1,401,847
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
11,058
4
Add lines 1, 2, and 3 ..........................
4
102,176,276
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
4,075,354
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
98,100,922
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 LINEAGE OP, LLC P 2005-01-01 2023-12-31
b HOUSATONIC EQUITY INVESTORS V, L.P. P 2005-01-01 2023-12-31
c NEXT COAST VENTURES II, LP P 2005-01-01 2023-12-31
d NEXT COAST VENTURES I, LP P 2005-01-01 2023-12-31
e TENNENBAUM OPPORTUNITIES FUND V, LLC P 2005-01-01 2023-12-31
OCM OPPORTUNITIES FUND VIIB, LP P 2005-01-01 2023-12-31
OCM OPPORTUNITIES FUND VIIB, CAYMAN, LP P 2005-01-01 2023-12-31
LEGATE PARTNERS (FLOWTHROUGH) I, L.P. P 2005-01-01 2023-12-31
CAMBER PARTNERS FUND I-A LP P 2005-01-01 2023-12-31
GREYBULL STEWARDSHIP LP P 2005-01-01 2023-12-31
PETERSON PRIVATE EQUITY VII LP P 2005-01-01 2023-12-31
PETERSON PRIVATE EQUITY IX LP P 2005-01-01 2023-12-31
HOUSATONIC EQUITY INVESTORS IV, L.P. P 2005-01-01 2023-12-31
OLMO HOLDINGS, LP P 2005-01-01 2023-12-31
OCM OPPORTUNITIES FUND VIIB, DELAWARE, LP P 2005-01-01 2023-12-31
ROCKWOOD EQUITY PARTNERS III, LP P 2005-01-01 2023-12-31
ROCKWOOD EQUITY PARTNERSHIP FUND, LP P 2005-01-01 2023-12-31
ROCKWOOD EQUITY PARTNERS IV, LP P 2005-01-01 2023-12-31
SERENT CAPITAL ASSOCIATES II, LP P 2005-01-01 2023-12-31
SERENT CAPITAL ASSOCIATES, LP P 2005-01-01 2023-12-31
VOLLEY SELLERS, LLC P 2005-01-01 2023-12-31
PEAK VENTURES FUND II, L.P. P 2005-01-01 2023-12-31
T ROWE PRICE / NEW HORIZON FUND P 2005-01-01 2023-12-31
TD AMERITRADE 0711 P 2005-01-01 2023-12-31
(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     27,331 -27,331
b     48 -48
c     186,665 -186,665
d     4,991 -4,991
e     11,975 -11,975
    10,685 -10,685
    49 -49
35     35
380     380
1,767     1,767
1,940     1,940
7,098     7,098
18,354     18,354
949,486     949,486
119     119
535,601     535,601
22,126     22,126
    2,046 -2,046
50,436     50,436
    8,437 -8,437
6,579     6,579
    3,869 -3,869
    429,524 -429,524
    65,308 -65,308
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       -27,331
b       -48
c       -186,665
d       -4,991
e       -11,975
      -10,685
      -49
      35
      380
      1,767
      1,940
      7,098
      18,354
      949,486
      119
      535,601
      22,126
      -2,046
      50,436
      -8,437
      6,579
      -3,869
      -429,524
      -65,308
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 2 842,993
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 26,088
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 26,088
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 26,088
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 81,518
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 22,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 104,018
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 77,930
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow77,930 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.LOCFF.ORG
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (213) 622-0066

Located atright arrow515 S FIGUEROA ST 650LOS ANGELESCA ZIP+4right arrow90071
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 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? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowCA
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
Yes
 
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
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 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)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CARA ESPOSITO EXECUTIVE DIRECTOR, DIRECTOR
25.00 		0 0 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
MARGO LEONETTI O'CONNELL PRESIDENT, DIRECTOR
2.00 		0 0 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
MICHAEL F O'CONNELL SECRETARY, CFO, DIRECTOR
2.00 		0 0 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
MICHAEL KEVIN O'CONNELL VICE PRESIDENT, DIRECTOR
2.00 		0 0 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
DIANA ADAMSON CEO, ARETE RISING LLC
40.00 		172,692 9,012 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
VERONICA PONCE-NAVARRETE COO, ARETE RISING LLC
40.00 		161,577 16,266 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
ALAINA BERG DIRECTOR OF PROGRAM
40.00 		79,247 4,736 0
515 S FIGUEROA ST 650
LOS ANGELES,CA90071
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
WAMWAW LLC DBA SOCIAL DRIVER CONSULTANT 82,342
1015 15TH ST NW 600
WASHINGTON,DC20005
GET SCHOOLED FOUNDATION CONSULTANT 65,000
1425 BROADWAY 401
SEATTLE,WA98122
KATZ CASSIDY AN ACCOUNTANT CORP ACCOUNTING 53,500
11400 W OLYMPIC BLVD 1050
LOS ANGELES,CA90064
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
8,091,942
b
Average of monthly cash balances.......................
1b
8,167,824
c
Fair market value of all other assets (see instructions)................
1c
83,422,752
d
Total (add lines 1a, b, and c).........................
1d
99,682,518
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
99,682,518
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,495,238
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
98,187,280
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,909,364
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
4,909,364
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
26,088
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
365
c
Add lines 2a and 2b............................
2c
26,453
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,882,911
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,882,911
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
4,882,911
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,525,474
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,525,474
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 4,882,911
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 665,864
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$ 3,525,474
a Applied to 2022, but not more than line 2a 665,864
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..... 2,859,610
e Remaining amount distributed out of corpus 0
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 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 .......... 		2,023,301
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.
CARA ESPOSITO
MARGO LEONETTI O'CONNELL
MICHAEL F O'CONNELL
MICHAEL KEVIN O'CONNELL
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (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

CALIFORNIA SCIENCE CENTER

700 EXPOSITION PARK DR
LOS ANGELES,CA90037 		  PC SCIENCE & TECHNOLOGY 1,010,000

CARLTHORP SCHOOL

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

CLASSICAL KUSC

1149 S HILL STREET
LOS ANGELES,CA90015 		  PC ARTS, CULTURE & HUMANITIES 20,000

FOLAR

570 W AVE 26 250
LOS ANGELES,CA90065 		  PC PHILANTHROPY, VOLUNTEERISM & GRANTMAKING 50,000

HARVARD-WESTLAKE SCHOOL

700 NORTH FARING RD
LOS ANGELES,CA90077 		  PC PROGRAM SUPPORT 6,000

LIFT INC

4041 MACARTHUR BLVD STE 240
NEWPORT BEACH,CA92260 		  PC PHILANTHROPY, VOLUNTEERISM & GRANTMAKING 100,000

LOYOLA HIGH SCHOOL

1901 VENICE BLVD
LOS ANGELES,CA90006 		  PC EDUCATION 35,500

MARLBOROUGH SCHOOL

250 S ROSSMORE AVE
LOS ANGELES,CA90004 		  PC EDUCATION 12,500

ROXBURY LATIN SCHOOL

101 ST THERESA AVE
WEST ROXBURY,MA02132 		  PC EDUCATION 225,000

SHOES THAT FIT

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

SOUTHWESTERN LAW SCHOOL

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

THE J PAUL GETTY TRUST

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

THE UCLA FOUNDATION

10889 WILSHIRE BLVD SUITE 1200
LOS ANGELES,CA90024 		  PC MEDICAL DISCIPLINES 100,000

TURNING POINT SCHOOL

8780 NATIONAL BLVD
CULVER CITY,CA90232 		  PC EDUCATION 21,500

UNIVERSITY OF SOUTHERN CALIFORNIA

3500 S FIGUEROA ST SUITE 102
LOS ANGELES,CA90089 		  PC EDUCATION 25,000

UPWARD BOUND HOUSE

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

WAGS AND WALKS

2236 FEDERAL AVENUE
LOS ANGELES,CA90064 		  PC PROGRAM SUPPORT 10,000

YOUNG EISNER SCHOLARS

PO BOX 3085
INGLEWOOD,CA90304 		  PC PHILANTHROPY, VOLUNTEERISM & GRANTMAKING 200,000

THE PHILANTHROPY ROUNDTABLE

1120 20TH ST NW SUITE 400N
WASHINGTON DC,WA20036 		  PC PHILANTHROPY, VOLUNTEERISM & GRANTMAKING 10,000

INSTITUTE OF NONPROFIT NEWS

8549 WILSHIRE BLVD 2294
BEVERLY HILLS,CA90211 		  PC PROGRAM SUPPORT 100,000

RIVET SCHOOL

1503 MACDONALD AVE
RICHMOND,CA94801 		  PC EDUCATION 175,000

LA WATERKEEPER

360 E 2ND ST STE 250
LOS ANGELES,CA90012 		  PC PROGRAM SUPPORT 10,000

UNIVERSITY OF OREGON FOUNDATION

1720 E 13TH AVE SUITE 410
EUGENE,OR97403 		  PC EDUCATION 35,000

TEAL

533 16TH ST
BROOKLYN,NY11215 		  PC PROGRAM SUPPORT 500

GUIDE DOGS OF AMERICA

13445 GLENOAKS BLVD
SYLMAR,CA91342 		  PC PROGRAM SUPPORT 10,000
GRANTS UNDER 1K TO NEEDY INDIVIDUAL


C/O FOUNDATION 515 S FIGUREROA ST
650
LOS ANGELES,CA90071 		NONE I FINANCIAL HARDSHIP 156,104
Total .................................right arrow 3a 2,482,104
bApproved for future payment
Total ................................. right arrow 3b 0
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 ....     14 686,792  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 525990 14,660 14 950,364  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 842,993  
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) .. 14,660 2,480,149 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,494,809
(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:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 53,500 26,750   26,750

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

TY 2023 DepreciationSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
COMPUTERS (ARETE RISING) 2021-06-30 3,727 1,118 SL 5.000000000000 745 0    
COMPUTERS (ARETE RISING) 2023-02-09 2,407   SL 5.000000000000 441 0    

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

TY 2023 ExpenditureResponsibilityStmt
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
J PAUL GETTY TRUST
  		1200 GETTY CENTER DRIVE STE 400
LOS ANGELES,CA90049 		2023-07-21 50,000 GENERAL OPERATING SUPPORT 50,000 NONE N/A    

TY 2023 InvestmentsCorpStockSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Name of Stock End of Year Book Value End of Year Fair Market Value
EAGLE ROCK CAPITAL LLC 2,000,000 2,000,000
FICTIV INC. 750,000 750,000
HOVER INC COMMON & PREFERRED 3,172,000 3,172,000
POLO CAPITAL 500,000 500,000
TDA SECURITIES 1,102,080 1,102,080

TY 2023 InvestmentsOtherSchedule2
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACTZERO, INC. FMV 3,000,000 3,000,000
ALAMAR PARTNERS FMV 425,000 425,000
ARABLE LABS INC. FMV 67,875 67,875
AUXO MANAGEMENT, LLP FMV 7,184,000 7,184,000
BH LLH INTERMEDIATE LLC FMV 6,231,347 6,231,347
BROCKHURST CAPITAL-LEXSHARES FMV 600,000 600,000
CAMBER PARTNERS FUND I FMV 311,726 311,726
DIAPENTE CAPITAL FMV 140,000 140,000
GOLDMAN SACHS VINTAGE FUND IV FMV 36,945 36,945
GOLDMAN SACHS VINTAGE FUND V FMV 28,007 28,007
G-S VINTAGE FUND VII+GS ENERGY FUND FMV 679,128 679,128
GREYBULL STEWARDSHIP LP FMV 2,166,897 2,166,897
HAMILTON HALL LLC FMV 1,220,000 1,220,000
HAMMERSMITH CAPITAL FMV 572,000 572,000
HERITAGE OPERATING PARTNERS FMV 1,000,000 1,000,000
HOUSATONIC EQUITY INVESTORS IV FMV 1,136,670 1,136,670
HOUSATONIC EQUITY INVESTORS V FMV 590,311 590,311
I R S PARTNERS NO. 12 LP FMV 21,075,000 21,075,000
MST SERVICE HLDGS LLC & NEXT COAST VENTURES I, LP FMV 3,174,010 3,174,010
NEXT COAST VENTURES II, LP FMV 3,635,879 3,635,879
OCM OPPORTUNITIES FD VIIB LP FMV 808 808
OCOZZIO HOLDINGS LLC FMV 150,000 150,000
PEAK VENTURES FUND II, LP FMV 3,660,575 3,660,575
PETERSON PARTNERS VII LP FMV 364,298 364,298
PETERSON PARTNERS VIII LP FMV 2,945,733 2,945,733
PETERSON PARTNERS IX LP FMV 2,064,102 2,064,102
PLAT 3, LLC (THE PARTNERS COS.) FMV 2,900,000 2,900,000
PRACINCO SUMO TECHNOLOGIES FMV 792,000 792,000
PREDICTIVE INDEX HOLDINGS LLC FMV 2,624,000 2,624,000
RADAZON CAPITAL FMV 368,000 368,000
RELAY HOLDINGS LLC FMV 272,000 272,000
RP FUND LLC-SERIES 3 FMV 263,023 263,023
ROCKWOOD EQUITY PARTNERS III FMV 197,223 197,223
ROCKWOOD EQUITY PARTNERSHIP FD FMV 28,716 28,716
ROCKWOOD EQUITY IV FMV 291,469 291,469
SENECA TRAIL CAPITAL FMV 500,000 500,000
SERENT CAPITAL ASSOC II LP FMV 850,360 850,360
SERENT CAPITAL ASSOCIATES LP FMV 193,083 193,083
SYLMAR GROUP HOLD CO LLC FMV 221,500 221,500
TEN20 PARTNERS LLC FMV 495,640 495,640
TENNENBAUM OPPORTUNITIES FUND V FMV 244,260 244,260
WORKLYN PARTNERS FMV 550,763 550,763
BROADOAK BIOTOOLS VENTURE FUND FMV 87,380 87,380
ATHENAEUM PARTNERS LLC FMV 150,000 150,000
CEP SPV II, CHANNEL EQUITY FMV 1,000,000 1,000,000
CAMBER PEAK LLC FMV 300,000 300,000
CLOUDSTREET PARTNERS LLC FMV 500,000 500,000
HS PEO HOLDINGS LLC FMV 1,000,000 1,000,000
MERCATOR SEARCH GROUP LLC FMV 300,000 300,000
MGT PARTNERS LLC FMV 1,250,000 1,250,000
LUGGAGE FORWARD INC. FMV 480,000 480,000
MIDWAY CAPITAL IV FMV 2,055,000 2,055,000
NEWHOLD LLC FMV 250,000 250,000
BLUE LADDER CAPITAL LLC FMV 470,000 470,000
CAMBER TAXCLOUD LLC FMV 529,573 529,573
NEWVALE CAPITAL SPV MDH, LLC FMV 499,643 499,643
NRP EUSTONCO LIMITED FMV 183,401 183,401
ROS CAPITAL PARTNERS FMV 196,000 196,000
PETERSON PARTNERS X LP FMV 310,914 310,914
LEGATE PARTNERS I, LP FMV 87,370 87,370
LEGATE PARTNERS (FLOWTHROUGH) I, LP FMV 31,558 31,558
MANIFESTATION LLC FMV 221,868 221,868
PASCAL FLAGSHIP LP FMV 267,697 267,697

TY 2023 LandEtcSchedule2
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTERS (ARETE RISING) 3,727 1,863 1,864 1,864
COMPUTERS (ARETE RISING) 2,407 441 1,966 1,966


TY 2023 LegalFeesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 29,391 0   29,391


TY 2023 OtherAssetsSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
LOAN RECEIVABLE - OLMO 758,959 0 0


TY 2023 OtherDecreasesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Description Amount
UNREALIZED GAIN ON INVESTMENTS 4,075,354


TY 2023 OtherExpensesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BANK SERVICE CHARGES 4,296 4,259   37
ENTERTAINMENT/APPRECIATION 1,897 0   1,897
INSURANCE 9,424 0   9,424
OFFICE EXPENSE 94,478 0   94,678
PASSTHROUGH K-1S - OTHER EXPENSES 563,828 563,828   0
PASSTHROUGH K-1S - CHARITABLE CONTRIBUTIONS 2,146 0   2,146
OTHER EXPENSES - PRIZES 33,500 0   33,500


TY 2023 OtherIncomeSchedule2
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 PASSTHROUGH ORDINARY INCOME -141,396 -141,396  
K-1 PASSTHROUGH INTEREST 151,447 0  
K-1 PASSTHROUGH DIVIDENDS 43,773 0  
K-1 PASSTHROUGH OTHER INCOME 1,095,138 1,080,478  
K-1 PASSTHROUGH NET RENTAL INCOME 11,282 11,282  
OTHER INCOME- DEFERRED TAX 190,000 0  
OTHER INCOME - K1 BOOK DIFFERENCE 83,265 0  


TY 2023 OtherIncreasesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Description Amount
BOOK TO TAX ADJUSTMENT- GAIN/LOSS RECOGNITION 11,058


TY 2023 OtherProfessionalFeesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING AND OUTSIDE SERVICES 220,102 0   220,102


TY 2023 TaxesSchedule
Name:
THE LEONETTIO'CONNELL FAMILY FOUNDATION
EIN:
20-3889415
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE INCOME TAX 12,761 0   0
FEDERAL EXCISE TAX 26,565 0   0
ARETE LLC TAX 800 0   0
FOREIGN TAX - PASSTHROUGH ENTITY 8,498 8,498   0