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
ROBERT L & KATHRINA H MACLELLAN FOUNDA
FOUNDATION
Number and street (or P.O. box number if mail is not delivered to street address)820 BROAD STREET 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN374022604
A Employer identification number

23-7159802
B Telephone number (see instructions)

(423) 755-1857
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$62,122,319J 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... 1,211,639 1,211,161  
5a Gross rents............ 6,227 6,227  
b Net rental income or (loss) 6,227
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
6,328,735
b Gross sales price for all assets on line 6a 15,955,332
7 Capital gain net income (from Part IV, line 2)... 6,328,213
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
104,528 82,689  
12 Total. Add lines 1 through 11........ 7,651,129 7,628,290  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 227,188 9,088   218,100
14 Other employee salaries and wages...... 228,229 0   228,229
15 Pension plans, employee benefits....... 79,822 0   79,822
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
849 0   849
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,900 3,725   11,175
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
280,076 235,517   44,559
17 Interest............... 55,881 55,881   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
46,380 6,360   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
12,452 0  
20 Occupancy.............. 22,958 2,296   20,662
21 Travel, conferences, and meetings....... 51,746 0   51,746
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
675,546 313,494   360,415
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,696,027 626,361   1,015,557
25 Contributions, gifts, grants paid....... 2,528,575 2,528,575
26 Total expenses and disbursements. Add lines 24 and 25 4,224,602 626,361   3,544,132
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,426,527
b Net investment income (if negative, enter -0-) 7,001,929
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.............      
2 Savings and temporary cash investments......... 286,656 457,042 457,042
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)....... 20,641,063 Click to see attachment
List of Attached Documents:
// Content
27,551,838 		30,584,423
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).......... 30,984,988 Click to see attachment
List of Attached Documents:
// Content
27,380,229 		30,422,398
14 Land, buildings, and equipment: basis right arrow499,324
Less: accumulated depreciation (attach schedule) right arrow153,446 358,331 Click to see attachment
List of Attached Documents:
// Content
345,878 		345,878
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
350,000 		Click to see attachment
List of Attached Documents:
// Content
312,578 		Click to see attachment
List of Attached Documents:
// Content
312,578
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 52,621,038 56,047,565 62,122,319
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 52,621,038 56,047,565
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 52,621,038 56,047,565
30 Total liabilities and net assets/fund balances (see instructions). 52,621,038 56,047,565
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
52,621,038
2
Enter amount from Part I, line 27a .....................
2
3,426,527
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
56,047,565
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
56,047,565
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 FIDELITY 8213 PUBLICLY TRADED SECURITIES      
b FIDELITY 8166 PUBLICLY TRADED SECURITIES      
c FIDELITY 8212 PUBLICLY TRADED SECURITIES      
d SHORT TERM CAPITAL GAINS FROM PARTNERSHIPS P   2023-12-31
e LONG TERM CAPITAL GAINS FROM PARTNERSHIPS P   2023-12-31
1231 GAINS FROM PARTNERSHIPS P   2023-12-31
GTIS US RESIDENTIAL FUND P   2023-12-31
CEVIAN CAPITAL LTD P   2023-12-31
GOLUB CAPITAL PARTNERS P   2023-12-31
SEG PARTNERS OFFSHORE P   2023-12-31
VALUE ACT CAPITAL INTERNATIONAL P   2023-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 952,325   951,052 1,273
b 3,655,101   3,710,467 -55,366
c 865,763   953,408 -87,645
d     12,615 -12,615
e 639,026     639,026
1,816     1,816
47,211   50,320 -3,109
2,825,312   676,037 2,149,275
1,901,146   562,474 1,338,672
129,897     129,897
4,900,334   2,710,224 2,190,110
36,879     36,879
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       1,273
b       -55,366
c       -87,645
d       -12,615
e       639,026
      1,816
      -3,109
      2,149,275
      1,338,672
      129,897
      2,190,110
      36,879
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 6,328,213
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 97,327
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 97,327
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 97,327
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 135,189
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.............. 7 135,189
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 37,862
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow37,862 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 arrowTN
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowHTTP://WWW.MACLELLAN.NET/CMS/ABOUT
14
The books are in care ofright arrowR H MACLELLAN PRESIDENT TREASURE Telephone no.right arrow (423) 755-1857

Located atright arrow820 BROAD STREET SUITE 300CHATTANOOGATN ZIP+4right arrow37402
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
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
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)
 
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
ROBERT H MACLELLAN CHAIRMAN
38.00 		227,188 79,822 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
ROBERT BOSWORTH TRUSTEE, COMPENSATION COMMITTEE CHAIR
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
ROBERT C DIVINE TRUSTEE
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
RON BUBBA HELVESTON TRUSTEE
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
REID A MACLELLAN SECRETARY
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
DON HOLWERDA TRUSTEE, GOVERNANCE COMMITTEE CHAIR
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
ROBERT BOB MARSHALL TRUSTEE
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
TYLER SIIRA TREASURER, FINANCE/AUDIT COMMITTEE CHA
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
BART ROLEN TRUSTEE
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
LARA MUNFORD-SHIELDS TRUSTEE
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
TOM MCCALLIE DIRECTOR EMERITUS
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
JERRY STAUFFER TRUSTEE
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
TYLER B HARR GRANT OFFICER
36.00 		95,047 10,455 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
JEREE B SKEEN OFFICE MANAGER AND S
36.00 		76,861 8,455 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
TONYA A WHITMAN GRANT OFFICER
36.00 		56,321 6,195 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
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 FOR PROVIDING TECHNICAL ASSISTANCE AND CONSULTING FOR GRANTEES.THE FOUNDATION PARTNERED WITH CATCHAFIRE TO BRING VOLUNTEER CONSULTANT WORK TO OUR MINISTRY PARTNERS WHERE THEY HAVE CAPACITY NEEDS. ADDITIONALLY, WE PARTNERED WITH CONSULTANTS TO PROVIDE COACHING AND CONSULTING SERVICES TO PROVIDE TRAINING, CONSULTING ON STRATEGIC PLANNING, AND LEADERSHIP COACHING FOR GRANTEES. FINALLY, WE PARTNERED WITH THE OCHS CENTER TO COMPLETE A COMPREHENSIVE ASSESSMENT OF THE REENTRY PROGRAMS NEEDED AND OFFERED AT THE HAMILTON COUNTY SHERIFF'S DEPT. 73,962
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
27,069,172
b
Average of monthly cash balances.......................
1b
1,078,410
c
Fair market value of all other assets (see instructions)................
1c
30,730,893
d
Total (add lines 1a, b, and c).........................
1d
58,878,475
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
58,878,475
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
883,177
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
57,995,298
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,899,765
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,899,765
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
97,327
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
97,327
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,802,438
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,802,438
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,802,438
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
3,544,132
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
3,544,132
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,802,438
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...... 616,017
b From 2019...... 1,007,509
c From 2020...... 1,075,854
d From 2021......  
e From 2022...... 571,431
f Total of lines 3a through e ........ 3,270,811
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 3,544,132
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..... 2,802,438
e Remaining amount distributed out of corpus 741,694
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 4,012,505
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		616,017
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		3,396,488
10 Analysis of line 9:
a Excess from 2019.... 1,007,509
b Excess from 2020.... 1,075,854
c Excess from 2021....  
d Excess from 2022.... 571,431
e Excess from 2023.... 741,694
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:
TONYA WHITMAN
820 BROAD STREET SUITE 300
CHATTANOOGA,TN374022604
(423) 755-3202
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS MUST BE SUBMITTED ONLINE AT WWW.MACLELLAN.NET WHERE INSTRUCTIONS ARE PROVIDED.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
REFER TO WWW.MACLELLAN.NET FOR INFORMATION OR CALL GRANTS MANAGER AT (423) 755-3202
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMERICAN BIBLE SOCIETY

101 NORTH INDEPENDENCE MALL EAST
FL8
PHILADELPHIA,PA191062155 		NONE 501(C)(3) PUBLIC CHA FOR LEADERSHIP DEVELOPMENT IN YOUTH. 15,000

BETHEL BIBLE VILLAGE

PO BOX 729
HIXSON,TN37343 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 1,000

BIG BROTHERS BIG SISTERS OF GREATER CHATTANOOGA

2015 BAILEY AVENUE
CHATTANOOGA,TN37404 		NONE 501(C)(3) PUBLIC CHA FOR EDUCATION OF YOUTH AND CHILDREN. 45,000

BIG BROTHERS BIG SISTERS OF GREATER CHATTANOOGA

2015 BAILEY AVENUE
CHATTANOOGA,TN37404 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 5,000

CAMPUS CRUSADE FOR CHRIST INC

100 LAKE HART DRIVE 2100
ORLANDO,FL328320100 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 1,000

CHATTANOOGA CHAMBER FOUNDATION

811 BROAD STREET STE 100
CHATTANOOGA,TN37402 		NONE 501(C)(3) PUBLIC CHA FOR EDUCATION OF YOUTH AND CHILDREN. 25,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 66,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 135,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 66,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR EDUCATION OF YOUTH AND CHILDREN. 135,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR HOLISTIC COMMUNITY OUTREACH AND DEVELOPMENT. 100,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR COACHING AND CONSULTING SERVICES. 40,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR LEADER CARE. 80,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 75,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 75,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR OUTREACH TO FAMILIES. 80,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR BUILDING ORGANIZATIONAL CAPACITY. 10,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE UNIT 205
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR HOLISTIC COMMUNITY OUTREACH AND DEVELOPMENT. 330,000

CHATTANOOGA HOUSE OF PRAYER

PO BOX 15475
CHATTANOOGA,TN37415 		NONE 501(C)(3) PUBLIC CHA FOR HOLISTIC COMMUNITY OUTREACH AND DEVELOPMENT. 15,000

CHATTANOOGA YOUTH NETWORK DBA ONE HUNDRED YEARS

PO BOX 2468
CHATTANOOGA,TN37409 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 75,000

CHURCH OF THE FIRST BORN

PO BOX 2009
CHATTANOOGA,TN37409 		NONE 501(C)(3) PUBLIC CHA FOR EDUCATION OF YOUTH AND CHILDREN. 30,000

COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC

1400 WILLIAMS ST
CHATTANOOGA,TN37408 		NONE 501(C)(3) PUBLIC CHA FOR EDUCATION OF YOUTH AND CHILDREN. 6,000

EAST LAKE EXPRESSION ENGINE

2903 E 37TH STREET
CHATTANOOGA,TN37407 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 60,000

FCA - CHATTANOOGA AREA

PO BOX 338
HIXSON,TN37343 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 75,000

GRACE BAPTIST CHURCH OF HAMILTON COUNTY

7815 SHALLOWFORD ROAD
CHATTANOOGA,TN37421 		NONE 501(C)(3) PUBLIC CHA FOR BUILDING INFRASTRUCTURE. 20,000

HAMILTON COUNTY SCHOOLS FOUNDATION

3074 HICKORY VALLEY ROAD
CHATTANOOGA,TN37421 		NONE 501(C)(3) PUBLIC CHA FOR EDUCATION OF YOUTH AND CHILDREN. 40,000

HEBER SPRINGS HUMANE SOCIETY

49 SHELTER LANE
HEBER SPRINGS,AZ72543 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 1,000

HOPE FELLOWSHIP PRESBYTERIAN CHURCH

PO BOX 400
HARRAH,WA98933 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 1,000

HOPE INTERNATIONAL

227 GRANITE RUN DRIVE SUITE 250
LANCASTER,PA17601 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 5,000

HOUSE OF REFUGE INC

PO BOX 2009
CHATTANOOGA,TN37409 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 15,000

HUMANE EDUCATIONAL SOCIETY OF CHATTANOOGA TENN

212 NORTH HIGHLAND PARK AVENUE
CHATTANOOGA,TN37404 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 2,000

LA PAZ DE DIOS

PO BOX 3058
CHATTANOOGA,TN37404 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 75,000

LIFESPRING COMMUNITY HEALTH

1042 EAST 3RD STREET
CHATTANOOGA,TN37403 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 80,000

MARION COUNTY RESOURCE CONNECTION

PO BOX 153
JASPER,TN37347 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 1,000

MISSION INCREASE

12909 SOUTHWEST 68TH PARKWAY SUITE
455
TIGARD,OR97223 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 75,000

MISSION INCREASE

12909 SOUTHWEST 68TH PARKWAY SUITE
455
TIGARD,OR97223 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 5,000

NORTH SHORE FELLOWSHIP

118 WOODLAND AVENUE
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR HOLISTIC COMMUNITY OUTREACH AND DEVELOPMENT. 5,000

NORTHSIDE NEIGHBORHOOD HOUSE

PO BOX 4086
CHATTANOOGA,TN37405 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 75,000

ON POINT

4509 HIXSON PIKE SUITE 1
HIXSON,TN37343 		NONE 501(C)(3) PUBLIC CHA FOR EDUCATION OF YOUTH AND CHILDREN. 75,000

PCA MISSION TO NORTH AMERICA

PO BOX 890233
CHARLOTTE,NC282890233 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 1,000

PUBLIC SCHOOL BIBLE STUDY COMMITTEE

200 WEST MARTIN LUTHER KING
BOULEVARD SUITE 300
CHATTANOOGA,TN37402 		NONE 501(C)(3) PUBLIC CHA FOR COACHING AND CONSULTING SERVICES. 75,000

PUBLIC SCHOOL BIBLE STUDY COMMITTEE

200 WEST MARTIN LUTHER KING
BOULEVARD SUITE 300
CHATTANOOGA,TN37402 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 1,500

SEE JESUS NET

PO BOX 197
TELFORD,PA18969 		NONE 501(C)(3) PUBLIC CHA FOR EDUCATION OF YOUTH AND CHILDREN. 1,000

SOZO CHATTANOOGA INC

1211 WEST 46TH STREET
CHATTANOOGA,TN37409 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 5,000

ST JUDE CHILDREN'S RESEARCH HOSPITAL

501 SAINT JUDE PLACE
MEMPHIS,TN38105 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 1,000

TEACH FOR AMERICA NASHVILLE-CHATTANOOGA

PO BOX 748607
ATLANTA,GA303748607 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 30,000

THE BROCK CENTER

PO BOX 2247
CHATTANOOGA,TN37408 		NONE 501(C)(3) PUBLIC CHA FOR COACHING AND CONSULTING SERVICES. 7,750

THE HOUSE UNIVERSITY MINISTRIES OF CHATTANOOGA

650 MCCALLIE AVE
CHATTANOOGA,TN37403 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 70,000

THE HOUSE UNIVERSITY MINISTRIES OF CHATTANOOGA

650 MCCALLIE AVE
CHATTANOOGA,TN37403 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 1,500

THE HOUSE UNIVERSITY MINISTRIES OF CHATTANOOGA

650 MCCALLIE AVE
CHATTANOOGA,TN37403 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 5,000

THE MACLELLAN FOUNDATION

1901 ULMERTON RD
CLEARWATER,FL33762 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 131,325

UNITED METHODIST NEIGHBORHOOD CENTERS INC

PO BOX 2156
CHATTANOOGA,TN374090156 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 1,000

UNITED WAY OF GREATER CHATTANOOGA

630 MARKET STREET
CHATTANOOGA,TN37402 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 100,000

UNITED WAY OF GREATER CHATTANOOGA

630 MARKET STREET
CHATTANOOGA,TN37402 		NONE 501(C)(3) PUBLIC CHA FOR GENERAL OPERATING SUPPORT. 2,500

YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN CHATTANOOGA

301 WEST SIXTH STREET
CHATTANOOGA,TN37402 		NONE 501(C)(3) PUBLIC CHA FOR OUTREACH TO YOUTH AND CHILDREN. 75,000
Total .................................right arrow 3a 2,528,575
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 1,211,639  
5 Net rental income or (loss) from real estate:
aDebt-financed property......         6,227
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income ..... 525990   14 96,513  
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 522 18 6,328,213  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aUNRELATED BUSINESS INCOME 		525990     21,839  
bORDINARY INCOME THROUGH PARTNERSHIPS     14    
cROYALTY INCOME THROUGH PARTNERSHIPS - SCH ATTACHED     14    
dOTHER PORTFOLIO INCOME THROUGH PARTNERSHIPS     14 -13,740  
eOTHER INCOME THROUGH PARTNERSHIPS - SCH ATTACHED     14    
fRENTAL INCOME THROUGH PARTNERSHIPS - SCH ATTACHED     16    
gOTHER MISC INCOME     14 -84  
12 Subtotal. Add columns (b), (d), and (e) .. 522 7,644,380 6,227
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,651,129
(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.)
4 TAX EXEMPT INCOME FROM PASSTHROUGH INVESTMENTS
11 SECTION 965(A) INCOME INCLUSION FROM PASSTHROUGH INVESTMENTS
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:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 14,900 3,725   11,175

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TY 2023 DepreciationSchedule
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
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
820 BROAD STREET - 4TH FLOOR CONDO 2012-12-27 458,748 122,547 SL 39.000000000000 11,763 0    
RENOVATIONS 2013-02-11 26,878 6,201 SL 39.000000000000 689 0    
FURNITURE 2013-01-16 7,871 6,850 200DB 7.000000000000 0 0    
FURNITURE 2013-02-12 1,144 996 200DB 7.000000000000 0 0    
FURNITURE 2013-03-13 771 673 200DB 7.000000000000 0 0    
DELL OUTLET LAPTOP 2013-07-30 1,083 1,023 200DB 5.000000000000 0 0    
CABINET 2015-11-03 1,500 1,427 200DB 7.000000000000 0 0    
DELL OUTLET LAPTOP 2016-12-12 1,329 1,277 200DB 5.000000000000 0 0    

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TY 2023 GainLossSaleOtherAssetsSch
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
UNRELATED BUSINESS INCOME CAPITAL GAINS FROM PARTNERSHIPS   PURCHASED     522   COST 0 522  

TY 2023 GeneralExplanationAttachment
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Identifier Return Reference Explanation
INFORMATION ABOUT OFFICERS PART VIII, LINE 1 ROBERT L. & KATHRINA H. MACLELLAN FOUNDATION HAS NO EMPLOYEES BUT REIMBURSES THE MACLELLAN FOUNDATION, INC. FOR ITS SHARE OF DIRECT EMPLOYEE EXPENSES AS WELL AS ANY INCIDENTAL EXPENSES. SERVICES WHICH WERE GENERALLY PROVIDED BY ROBERT H. MACLELLAN, JEREE SKEEN, TYLER HARR AND TONYA WHITMAN WERE FOR VARYING PERCENTAGES OF TIMES. THE ONLY ABOVE MENTIONED PERSON WHO DEVOTES 100% OF HIS TIME TO ROBERT L. & KATHRINA H. MACLELLAN FOUNDATION IS ROBERT H. MACLELLAN.
DONOR ADVISED FUNDS FORM 990-PF, PART VII-A, LINE 12 DISTRIBUTIONS TOTALING $1,192,000 WERE MADE IN 2023 TO A DONOR ADVISED FUND AT CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION (DBA THE GENEROSITY TRUST), EIN# 62-1536731. THE FOUNDATION RETAINED ADVISORY PRIVILEGES. CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION ("CCCF") IS A SECTION 509(A)(1) ORGANIZATION AS REFERRED TO IN SECTION 170(B)(1)(A)(VI). THE ENTIRE AMOUNT WAS TREATED AS A QUALIFYING DISTRIBUTION IN PART XV, LINE 3, CONTRIBUTIONS, GIFTS, GRANTS PAID. THE DONOR-ADVISED FUND AGREEMENT INCLUDES THE FOLLOWING:"CCCF SHALL RECEIVE, REVIEW AND CONSIDER WRITTEN RECOMMENDATIONS FROM THE COMMITTEE CONCERNING GRANTS MADE FROM THE FUND AND ANY CONDITIONS WHICH SHOULD BE PLACED UPON SUCH GRANTS. THE FINAL DECISION CONCERNING SUCH MATTERS SHALL BE MADE BY THE BOARD OF DIRECTORS OF CCCF." "NO INCOME OR PRINCIPAL OF THE FUND SHALL BE USED FOR ANY PURPOSE OR PAID TO ANY BENEFICIARY IF SUCH USE OR PAYMENT WOULD NOT BE PERMITTED BY THE INTERNAL REVENUE CODE (THE "CODE") OR REGULATIONS THEREUNDER FOR AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE, TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE CODE."

TY 2023 InvestmentsCorpStockSchedule
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Name of Stock End of Year Book Value End of Year Fair Market Value
FIDELITY 8213 - CORPORATE STOCK 14,492,296 14,711,261
FIDELITY 8166 - CORPORATE STOCK 9,733,698 12,211,475
FIDELITY 8212 - CORPORATE STOCK 3,325,844 3,661,687

TY 2023 InvestmentsOtherSchedule2
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ARORA EQUITY PARTNERS VI-A LP AT COST 781,760 986,021
DAVIDSON KEMPNER AT COST 741,415 1,309,491
GTIS US RESIDENTIAL FUND AT COST 0 23,834
HARLAN SPECIAL OPPORTUNITIES FUND III AT COST 332,933 610,622
HYBRID EQUITY FUND, LP AT COST 1,026,113 1,026,113
IMPACT WORLD EQUITY FUND, LP AT COST 10,542,847 10,542,847
LIGHT STREET BEACON I, L.P. AT COST 534,272 707,736
LIGHT STREET BEACON CO-INVEST 3 LP AT COST 97,995 88,361
RESOLUTE CAPITAL FKA TENTH STREET FUND III LP AT COST 495,837 1,062,893
RESOLUTE CAPITAL PARTNERS FUND IV AT COST 1,023,483 1,261,969
SIGNIA VENTURE PARTNERS III, LP AT COST 1,199,498 1,666,740
SERIES 1 OF VALOR BRAZIL I LLCFUND SYNDICATES, LPFUND SYNDICATES, LP AT COST 99,737 99,737
VALOR DICOMPLICA I, LLC AT COST 100,000 185,819
VALOR GYMPASS II, LLC AT COST 21,457 21,457
NIBO B FUND I, A SERIES OF VALOR VENTURE FUND SYNDICATES, LP AT COST 100,000 98,667
VALOR VENTURE FUND AT COST 510,983 3,644,195
CEVIAN CAPITAL LTD AT COST 0 1,175,616
GOLUB CAPITAL PARTNERS AT COST 0 1,750,000
NANOTRONICS SR C PREFERRED STOCK AT COST 24,953 499,991
NANOTRONICS SR D PREFERRED STOCK AT COST 499,991 24,953
PORTFOLIO ADV SECOND FUND III AT COST 356,142 1,687,609
TTC MULTI STRAT FUND AT COST 8,473,407 58,833
VALOR GYM SERIES D AT COST 48,551 242
VALOR SONTRA AT COST 148,650 409,510
VALOR PIPEFY SERIES B AT COST 70,000 178,855
VALOR PIPEFY AT COST 100,000 944,380
VALOR CARGOX AT COST 50,205 255,900
VALUE ACT CAPITAL INTERNATIONAL AT COST 0 100,007

TY 2023 LandEtcSchedule2
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
820 BROAD STREET - 4TH FLOOR CONDO 458,748 134,310 324,438 324,438
RENOVATIONS 26,878 6,890 19,988 19,988
FURNITURE 7,871 6,850 1,021 1,021
FURNITURE 1,144 996 148 148
FURNITURE 771 673 98 98
DELL OUTLET LAPTOP 1,083 1,023 60 60
CABINET 1,500 1,427 73 73
DELL OUTLET LAPTOP 1,329 1,277 52 52


TY 2023 LegalFeesSchedule
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL 849 0   849


TY 2023 OtherAssetsSchedule
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENTS RECEIVABLE 350,000 306,394 306,394
OTHER RECEIVABLE   6,184 6,184


TY 2023 OtherExpensesSchedule
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 11,209 1,121   10,088
OTHER OVERHEAD EXPENSES 178,762 7,150   171,611
TRUSTEE EXPENSES 28,457 0   28,457
NONDEDUCTIBLE EXPENSES 1,636 0   0
CHARITABLE DONATIONS THROUGH PARTNERSHIPS 166 0   166
BANK FEES 313 313   0
PARTNERSHIP PORTFOLIO DEDUCTIONS 2% 304,125 304,125   0
PARTNERSHIP EXPENSES 216 216   0
DIRECT CHARITABLE ACTIVITIES 73,962 0   73,962
CONVENING 70,428 0   70,428
GUEST EXPENSE 33 0   33
OFFICE EXPENSES 5,714 569   5,145
DUES AND SUBSCRIPTIONS 525 0   525


TY 2023 OtherIncomeSchedule2
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ORDINARY INCOME THROUGH PARTNERSHIPS 61,310 61,310 61,310
OTHER INCOME THROUGH PARTNERSHIPS - SCH ATTACHED 35,203 35,203 35,203
UNRELATED BUSINESS INCOME 21,839   21,839
OTHER PORTFOLIO INCOME THROUGH PARTNERSHIPS -13,740 -13,740 -13,740
OTHER MISC INCOME -84 -84 -84


TY 2023 OtherProfessionalFeesSchedule
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES 235,517 235,517   0
CONSULTING 44,559 0   44,559


TY 2023 TaxesSchedule
Name:
ROBERT L & KATHRINA H MACLELLAN FOUNDA
 
FOUNDATION
EIN:
23-7159802
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD ON DIVIDENDS 6,360 6,360   0
EXCISE TAX PAYMENTS 40,000 0   0
STATE TAXES & FILINGS 20 0   0