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 McConnell Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)800 SHASTA VIEW DRIVE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
REDDING, CA96003
A Employer identification number

94-6102700
B Telephone number (see instructions)

(530) 226-6200
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$555,917,121J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,166,138
2 Check right arrow.............
3 Interest on savings and temporary cash investments 18,668 18,668  
4 Dividends and interest from securities... 6,399,028 10,848,649  
5a Gross rents............ 2,880,931 2,880,931  
b Net rental income or (loss) 2,880,931
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
12,638,979
b Gross sales price for all assets on line 6a 40,925,364
7 Capital gain net income (from Part IV, line 2)... 6,934,193
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,193,577 1,855,185 0
12 Total. Add lines 1 through 11........ 29,297,321 22,537,626 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,317,064 221,944 0 1,095,121
14 Other employee salaries and wages...... 2,875,193 484,511 0 2,390,683
15 Pension plans, employee benefits....... 1,525,944 257,143 0 1,268,801
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
500,226 312,289 0 187,937
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
89,275 46,393 0 26,783
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,905,876 1,905,876 0 0
17 Interest............... 76,812 71,318 0 5,493
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
275,752 472,285 9 9,506
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
2,662,595 931,665 0
20 Occupancy.............. 349,476 44,274 0 305,202
21 Travel, conferences, and meetings....... 100,540 6,738 0 93,802
22 Printing and publications.......... 35,860 1,327 0 34,532
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,959,893 4,966,560 0 4,897,396
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 17,674,506 9,722,323 9 10,315,256
25 Contributions, gifts, grants paid....... 9,766,288 9,780,004
26 Total expenses and disbursements. Add lines 24 and 25 27,440,794 9,722,323 9 20,095,260
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,856,527
b Net investment income (if negative, enter -0-) 12,815,303
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 2,710 2,200 2,200
2 Savings and temporary cash investments......... 10,270,670 6,395,800 6,395,800
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow1,795,540
Less: allowance for doubtful accounts right arrow0 2,091,566 Click to see attachment
List of Attached Documents:
// Content
1,795,540 		1,795,540
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 281,982,642 Click to see attachment
List of Attached Documents:
// Content
296,337,875 		431,039,949
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow52,578,617
Less: accumulated depreciation (attach schedule) right arrow11,740,228 40,274,109 Click to see attachment
List of Attached Documents:
// Content
40,838,389 		40,844,015
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,479,919 Click to see attachment
List of Attached Documents:
// Content
1,608,094 		1,608,094
14 Land, buildings, and equipment: basis right arrow99,770,769
Less: accumulated depreciation (attach schedule) right arrow34,098,142 65,243,637 Click to see attachment
List of Attached Documents:
// Content
65,672,627 		66,334,589
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
9,317,346 		Click to see attachment
List of Attached Documents:
// Content
7,896,934 		Click to see attachment
List of Attached Documents:
// Content
7,896,934
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 410,662,599 420,547,459 555,917,121
Liabilities 17 Accounts payable and accrued expenses.......... 112,845 103,256
18 Grants payable................. 0 0
19 Deferred revenue................. 2,479,231 1,637,990
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 Click to see attachment
List of Attached Documents:
// Content
8,925,745
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
50,020 		Click to see attachment
List of Attached Documents:
// Content
3,438
23 Total liabilities (add lines 17 through 22)......... 2,642,096 10,670,429
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........... 384,559,879 385,874,621
25 Net assets with donor restrictions............ 23,460,624 24,002,409
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)..... 408,020,503 409,877,030
30 Total liabilities and net assets/fund balances (see instructions). 410,662,599 420,547,459
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
408,020,503
2
Enter amount from Part I, line 27a .....................
2
1,856,527
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
409,877,030
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
409,877,030
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 PUBLICLY TRADED SECURITIES P    
b GAIN FROM ALTERNATIVE INVESTMENTS P    
c Private Equities P    
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 31,385,799   28,232,604 3,153,195
b 3,541,741     3,541,741
c 239,257     239,257
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a     0 3,153,195
b 0   0 3,541,741
c     0 239,257
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 6,934,193
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 178,133
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  
3 Add lines 1 and 2........................... 3 178,133
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 178,133
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 389,762
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 389,762
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 10 211,629
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow211,629 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 Click to see attachment
List of Attached Documents:
// Content
.............
11
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See 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.MCCONNELLFOUNDATION.ORG
14
The books are in care ofright arrowJohn Mancasola Telephone no.right arrow (530) 226-6200

Located atright arrow800 Shasta View DriveReddingCA ZIP+4right arrow96003
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)
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
Yes
 
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
William W Cox Secretary
10.000 		30,000 0 0
800 SHASTA VIEW DRIVE
REDDING,CA96003
John A Mancasola President & CEO
50.000 		629,495 94,333 0
800 SHASTA VIEW DRIVE
REDDING,CA96003
Shannon Phillips Chief Operating Officer
50.000 		353,970 79,405 0
800 SHASTA VIEW DRIVE
REDDING,CA96003
Lee W Salter Treasurer
10.000 		30,000 0 0
800 SHASTA VIEW DRIVE
REDDING,CA96003
Eva Jimenez Chair of the Board
10.000 		35,000 0 0
800 SHASTA VIEW DRIVE
REDDING,CA96003
Pamela Newman Director
10.000 		30,000 0 0
800 SHASTA VIEW DRIVE
Redding,CA96003
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
Darin Sanders IT Administrator
50.000 		190,110 78,763 0
800 SHASTA VIEW DRIVE
REDDING,CA96003
David Tanner Sr Program Officer
40.000 		169,130 48,771 0
800 SHASTA VIEW DRIVE
REDDING,CA96003
Alex Carter Dir Land Mgmt
40.000 		153,971 48,151 0
800 SHASTA VIEW DRIVE
REDDING,CA96003
Rebecca Andrews Controller
50.000 		202,965 41,797 0
800 SHASTA VIEW DRIVE
REDDING,CA96003
Kelly Salter Sr Program Officer
40.000 		186,660 50,760 0
800 SHASTA VIEW DRIVE
REDDING,CA96003
Total number of other employees paid over $50,000...................right arrow 20
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
Modern Building Inc General Contractor 1,532,359
PO Box 772
Chico,CA95927
Vestra Resources Inc Engineer/GIS Services 1,516,944
5300 Aviation Drive
Redding,CA96002
LSV Asset Management Investment Management 702,188
One North Wacker Drive
Chicago,IL60606
Trinity County Resource Conservation District Site Work/GIS/Environmental 590,939
PO Box 1450
Weaverville,CA96093
Peterson Timber Inc Logging Contractor 583,138
PO Box 772
Cottonwood,CA96022
Total number of others receiving over $50,000 for professional services.............right arrow16
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 See Supplemental Information. 2,701,757
2 See Supplemental Information. 2,685,907
3 See Supplemental Information. 878,302
4 See Supplemental Information. 756,956
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 See Supplemental Information. 2,899,165
2 See Supplemental Information. 123,310
All other program-related investments. See instructions.
3 Click to see attachment
List of Attached Documents:
// Content
85,000
Total. Add lines 1 through 3.........................right arrow3,107,475
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
409,078,411
b
Average of monthly cash balances.......................
1b
4,360,349
c
Fair market value of all other assets (see instructions)................
1c
68,127,834
d
Total (add lines 1a, b, and c).........................
1d
481,566,594
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
 
3
Subtract line 2 from line 1d.........................
3
481,566,594
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
7,223,499
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
474,343,095
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
23,717,155
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
23,717,155
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
178,133
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
0
c
Add lines 2a and 2b............................
2c
178,133
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
23,539,022
4
Recoveries of amounts treated as qualifying distributions................
4
4,744,374
5
Add lines 3 and 4............................
5
28,283,396
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
28,283,396
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
20,095,260
b
Program-related investments—total from Part VIII-B..................
1b
3,107,475
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
2,116,022
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
25,318,757
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 28,283,396
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 552,765
f Total of lines 3a through e ........ 552,765
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 25,318,757
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..... 25,318,757
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 552,765 552,765
(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...... 		 
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 .......... 		2,411,874
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.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
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:
DAVE TANNER
800 SHASTA VIEW DRIVE
REDDING,CA96003
(530) 226-6233
bThe form in which applications should be submitted and information and materials they should include:
PAPER APPLICATIONS AND SUBMISSION OF TRANSCRIPTS, STANDARDIZED TEST SCORES, AND STUDENT AID REPORTS (SAR) SHOWING EXPECTED FAMILY CONTRIBUTION.
cAny submission deadlines:
MARCH 05
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SCHOLARSHIP ELIGIBILITY IS RESTRICTED TO RESIDENTS OF MODOC, SHASTA, SISKIYOU, TEHAMA, AND TRINITY COUNTIES. OTHER ELIGIBILITY FACTORS INCLUDE BUT ARE NOT LIMITED TO FINANCIAL NEED AND ACADEMIC PERFORMANCE. RELATIVES OF MCCONNELL FOUNDATION DISQUALIFIED PERSONS ARE INELIGIBLE.
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

Acorn Community Enterprises

PO Box 188
Montgomery Creek,CA96065 		NONE PC General funds (match to donations made in 2022) 1,801

Advance Redding

700 Auditorium Dr
Redding,CA960010919 		NONE PC Payee: Project Bandaloop 1601 18th Street Oakland, CA 94607 public performance at Sundial Bridge Celebrate 20 23,750

Arizona State University

PO Box 870412 Financial Aid and Sch
olarship
Tempe,AZ852870412 		NONE GOV 2021 McConnell Scholars ($7,251), 2018 McConnell Scholars ($15,612) 22,863

Ascend Wilderness Experience

PO Box 3263
Weaverville,CA960933263 		NONE PC Operating costs for kids' summer excursions 450

Axiom Repertory Theatre

2613 Bechelli Lane
Redding,CA96002 		NONE PC Sponsorship of the play "The Tempest" 3,000

Bella Vista Elementary School

22661 OLD ALTURAS ROAS
BELLA VISTA,CA96008 		NONE GOV In-kind donation of irrigation and soil the Bella Vista Elementary Garden Club 874

Best Friends Animal Society

5001 Angel Canyon Rd
Kanab,UT847415000 		NONE PC Membership and general support 384

Boston Conservatory at Berklee

921 Boylston Street Student Financi
al Services
Boston,MA02215 		NONE GOV 2021 McConnell Scholars 5,000

Butte Community College

3536 Butte Campus Drive Attn Busine
ss Office
Oroville,CA95965 		NONE GOV 2023 McConnell Scholars 3,000

Cabrillo College

6500 Soquel Drive
Aptos,CA95003 		NONE GOV 2020 McConnell Scholars 26,500

California Humanities

538 9th Street Suite 210
Oakland,CA94607 		NONE PC General Support 750

California Polytechnic State University Humboldt

1 Harpst Street Humboldt
Arcata,CA95521 		NONE GOV 2018 McConnell Scholars ($29,256), 2019 McConnell Scholar ($20,620), 2022 McConnell Scholar ($21,137) 71,013

California Polytechnic State University Pomona

3801 West Temple Avenue Office of F
in Aid Scholarships
Pomona,CA91768 		NONE GOV 2022 McConnell Scholars 3,750

California Polytechnic State University San Luis Obispo

1 Grand Avenue
San Luis Obispo,CA93407 		NONE GOV 2019 McConnell Scholars 12,270

California State University Chico

Kendall Hall 105
Chico,CA959290722 		NONE GOV 2017 McConnell Scholars ($6,853), 2018 McConnell Scholars ($2,716), 2019 McConnell Scholars ($17,940), 2020 McConnell Scholars ($19,896), 2021 McConnell Scholars ($7,512), 2022 McConnell Scholars ($24,650), and 2023 McConnell Scholars ($32,299), Office of Graduate Studies ($300) 112,166

California State University Fresno

5150 North Maple Avenue M/S JA 58
Fresno,CA937400826 		NONE GOV 2018 McConnell Scholars 16,000

California State University Fullerton

PO Box 6808 Fullerton Student Finan
cial Services
Fullerton,CA928346808 		NONE GOV 2018 McConnell Scholars ($15,000) and 2021 McConnell Scholars ($7,500) 22,500

California State University Long Beach

1250 Bellflower Blvd Brotman Hall 1
55
Long Beach,CA90840 		NONE GOV 2022 McConnell Scholars 7,500

California State University Monterey Bay

100 Campus Center
Seaside,CA93955 		NONE GOV 2023 McConnell Scholars 7,500

California State University Northridge

18111 Nordhoff Street Northridge St
udent Services Center
Northridge,CA913308307 		NONE GOV 2020 McConnell Scholars 3,750

California State University Sacramento

6000 J Street Sacramento State Burs
ars Office
Sacramento,CA95819 		NONE GOV 2018 McConnell Scholars ($13,134), 2019 McConnell Scholars ($19,532), 2021 McConnell Scholars ($7,500), 2022 McConnell Scholars ($7,500), and 2023 McConnell Scholars ($2,758) 50,424

California-Hawaii Elks Major Project Inc

5450 E Lamona Ave
Fresno,CA937272224 		NONE PC General Donation - Purple Pig 75

Chabot College

25555 Hesperian Blvd Financial Aid
Office
Hayward,CA94545 		NONE GOV 2022 McConnell Scholars 14,000

Childrens Legacy Center

1095 Hilltop Drive 369
Redding,CA960033811 		NONE PC General Support 10,500

College of the Redwoods

7351 Tompkins Hill Road Scholarship
Office
Eureka,CA95501 		NONE GOV 2021 McConnell Scholars ($5,000) and 2023 McConnell Scholars ($13,500) 18,500

College of the Siskiyous

800 College Avenue
Weed,CA96094 		NONE GOV 2022 McConnell Scholars 2,000

College OPTIONS Inc

1321 Butte Street
Redding,CA96001 		NONE PC College and Career Options 2022-2023 and 2024-2026 525,000

Dartmouth College

6024 McNutt Hall
Hanover,NH03755 		NONE GOV 2022 McConnell Scholars 3,750

Dnaconnect Org

550 W 2450 N
Lehi,UT840433158 		NONE PC DNA Test Kits 150

Elks National Foundation Inc

2750 North Lakeview Avenue
Chicago,IL606142256 		NONE PC General Donation 75

Evergreen Elementary School

19500 Learning Way
Cottonwood,CA96022 		NONE GOV Miss Abbadessa's needs for her classroom or upcoming fieldtrip 300

Friends of Sacramento National Wildlife Refuge

621 S Plumas Street
Willows,CA95988 		NONE PC General Support 750

Friends of the Smithsonian

PO Box 37012
Washington,DC200137012 		NONE PC General Support 375

Girl Scouts Of Minnesota And Wisconsin River Valleys Inc

400 Robert Street
Saint Paul,MN551072214 		NONE PC general support (credit to Meadow Gibas) 150

Girl Scouts of Northern California

1670 Market Street
Redding,CA960011046 		NONE PC Troop #70173 general fund 300

Girls Incorporated of the Northern Sacramento Valley

PO Box 494081
Redding,CA96049 		NONE PC General Support 375

Havene Human Society

PO Box 992202
Redding,CA960992202 		NONE PC General support of Haven Humane Society in appreciation of Connie Grinols, Misty Lee Fund in memory of Geoff Grinols ($300), General Maintenance and welfare of the animals at Haven Humane in memory of Jeff Grinols ($375), Doggie Dash Sponsorship ($300), Bark Wine & Brew Best Friend Sponsorship ($938), Misty Lee Fund in memory of Geoff Grinols ($4,500) 6,713

Hawaii Community Foundation

827 Fort Street Mall
Honolulu,HI968134317 		NONE PC Maui Strong Fund ($300), At the discretion of the Hawaii Community Foundation. ($300) 600

Henry L Stimson Center

1211 Connecticut Ave NW 8th Floor
Washington,DC200362701 		NONE PC Early Warning System for Debris Floods in Nepal - Phase I 85,000

Indian Cultural Organization

14840 Bear Mountain Road
Redding,CA960037823 		NONE PC Support for Organizational Efforts to Restore Chinook Salmon 250,000

Institute for Nonprofit News

1647 Yuba Street 991215
Redding,CA96099 		NONE PC Shasta Scout 750

Irvine Valley College

5500 Irvine Center Drive Financial
Aid Office
Irvine,CA92168 		NONE GOV 2022 McConnell Scholars 1,000

Jeremy Stoke Legacy Fire Foundation

3478 Meridian Drive
Redding,CA96002 		NONE PC Restricted to the Redding Fire Department Memorial 375

Redding Parks Foundation

777 Cypress Avenue
Redding,CA960012718 		NONE PC Future of Redding Trails Master Plan 15,000

Lake Tahoe Community College

One College Drive
Lake Tahoe,CA96150 		NONE GOV 2022 McConnell Scholars 2,500

Leadership Redding

PO Box 992526
Redding,CA960992526 		NONE PC Golf Tournament Sponsorship 750

Local Indians For Education

PO Box 686
Shasta Lake,CA96019 		NONE PC Native American Graduation 375

Lucile Packard Foundation for Children's Health

400 Hamilton Avenue Suite 340
Palo Alto,CA943011805 		NONE PC Donation in honor of Colette Crannell, restricted to Thrift Box Auxiliary in San Jose 500

MAHILA SHAKTI BIKASH KENDRA NEPAL (MSBKN)

Ganesh Basti
Maharajgang,Chakrapath44600
NP 		NONE NC Rural Women's Leadership Development Project: Phase VII 208,000

Manton Parks

32580 Forward Road
Manton,CA96059 		NONE PC Manton School Community Center 75,000

Mercy Foundation North

2625 Edith Avenue
Redding,CA96001 		NONE PC General Support ($750), Oncology Center ($15,000), Catherine McAuley Circle MMC Redding 2022 ($750), Hospice Program in memory of Margaret and Rudy Balma ($750), NICU Campaign ($1,500), Catherine McAuley Circle ($750), Pledge for Regional Cancer Center Project ($24,000), 2023-2024 Catherine McAuley Circle ($750) 44,250

Missouri Valley College

500 E College Street Office of Fina
ncial Aid
Marshall,MO65340 		NONE GOV 2018 McConnell Scholars 4,268

Modern Widows Club Inc

127 W Fairbanks Ave 282
Winter Park,FL32789 		NONE PC Unrestricted 120

Museum of Northern California Art

900 Esplanade
Chico,CA959263909 		NONE PC Programs and future construction 300

National Parks Conservation Association

777 6th Street NW
Washington,DC200013723 		NONE PC General Support 750

National University

PO Box 33248
San Diego,CA921633248 		NONE GOV 2020 McConnell Scholars 8,500

NATURAL RESOURCE CONFLICT TRANSFORMATION CENTER - NEPAL (NRCTC)

MADHYAPURTHIMI MUNICIPALITY
WARD NO 3
Madhyapur Thimi,KAUSALTAR44600
NP 		NONE NC Phase VII: Together for Peace 516,500

NatureBridge

1033 Fort Cronkhite
Sausalito,CA94965 		NONE PC general support (Invoice Nos. 1226 and 1227) 600

Nepal Youth Foundation

1016 Lincoln Blvd Suite 222
San Francisco,CA94129 		NONE PC Educating Dalit Lawyers Project 20,000

Norcal OUTreach Project

PO Box 494761
Redding,CA96049 		NONE PC Underwriting and General Support 1,125

North State Public Radio NSPR

35 Main Street Suite 101
Chico,CA95928 		NONE GOV General Support 750

North State Symphony

400 W First Street
Chico,CA959290116 		NONE GOV Musician Sponsorship: Li Yuan Ho 750

Northern Arizona University

PO Box 4108
Flagstaff,AZ86011 		NONE GOV 2017 McConnell Scholars 8,925

Northern California Educational Television Assn Inc

603 North Market Street
Redding,CA96003 		NONE PC General funds (match to donations made in 2022) 1,800

Northern Valley Catholic Social Service Inc

2400 Washington Avenue
Redding,CA96001 		NONE PC CASA Program in Appreciation of John Mancasola 300

Oklahoma State University

119 Student Union Office of Scholar
ships Financial
Stillwater,OK740785061 		NONE GOV 2021 McConnell Scholars ($11,750) and 2022 McConnell Scholars ($7,500) 19,250

Open Collective Foundation

440 N Barranca Avenue 3717
Covina,CA91723 		NONE PC General Support 1,125

Oregon Institute of Technology

3201 Campus Drive Financial Aid Off
ice
Klamath Falls,OR97601 		NONE GOV 2022 McConnell Scholars 5,000

Pistols Rescue Ranch

924 W Hatch Road
Modesto,CA95351 		NONE PC As Founder/Director sees fit for her rescue shelter 1,500

Planned Parenthood Federation of America

123 William Street
New York,NY10038 		NONE PC General Support 750

Planned Parenthood Shasta Diablo Inc

2185 Pacheco St
Concord,CA945202309 		NONE PC 29635 DMFM23 CDA 51/0 General Support 750

Redding Fashion Alliance Incorporated

Suite B-6 1320 Yuba Street
Redding,CA96001 		NONE PC Activation and Community Engagement 150,000

Redding City of

777 Cypress Avenue
Redding,CA96001 		NONE GOV City of Redding Block 7 HCD/AHSC Funding and 2023-2027 4th of July Fireworks 1,177,273

Redding West Rotary Foundation

PO Box 993928
Redding,CA960993928 		NONE PC Restricted to the Tutudesk Campaign 375

Shasta Lake City of

P O Box 777
Shasta Lake,CA96019 		NONE GOV Bizz Johnson Ballpark Concession and Bathroom Replacement Project 165,000

Regional Training Consortium

4300 Caterpillar Rd
Redding,CA960031422 		NONE PC Fund-A-Need May Event 750

Rotary Club of Redding Charitable Foundation

1700 Pine Street
Redding,CA96001 		NONE PC Lee's Paul Harris Fellow ($300), Rotary endowment ($600), $200 Club; $200 Polio; $1,000 Paul Harris; $1,000 Jason Salter's Paul Harris 2,700

San Diego State University

5500 Campanile Drive
San Diego,CA92182 		NONE GOV 2021 McConnell Scholars 7,500

San Jose State University

One Washington Square Financial Aid
Scholarships
San Jose,CA95192 		NONE GOV 2022 McConnell Scholars 7,500

Saola Foundation

512 N 50th Street
Milwaukee,WI532083636 		NONE PC Laboratory Testing of Saola Dung Samples 9,800

Shasta College

PO Box 496006
Redding,CA960496006 		NONE GOV 2014 McConnell Scholars ($5,000), 2020 McConnell Scholars ($1,000), 2022 McConnell Scholars ($7,500), and 2023 McConnell Scholars ($9,000) 22,500

Shasta College Foundation

PO Box 496006
Redding,CA960496006 		NONE PC North State Together 2020-2027 and Shasta College Global Expeditions Program (2023-2029) 736,000

Shasta County Arts Council

1313 Market Street
Redding,CA96001 		NONE PC Accelerating the Redding Cultural District 25,000

Shasta County Chemical People Inc

PO Box 493777
Redding,CA96049 		NONE PC African American Graduation 375

Shasta County Young Men's Christian Association

1155 N Court Streeet
Redding,CA96001 		NONE PC 2023 Annual Campaign ($1,500), Kids' Playground Upgrade Project ($7,500), The new playground project ($3,750), General Support ($750), Big Bike Weekend Community Fund ($4,021), and Healthy Shasta Partnership 2023-2025 ($60,000) 72,750

Shasta Historical Society

1449 Market Street
Redding,CA960011026 		NONE PC OPERATING SUPPORT ($750), Giving Tuesday 2023 ($750) 1,500

JPR Foundation

1250 Siskiyou Blvd
Ashland,OR975205001 		NONE PC Operating support (match to 2022 ACHs to JPR Foundation) [$1,575}, Operating support (match to 2021 ACH draws) [$675], General funds (match to donations made in 2022) [$1,800], and General Support of Cascade Theatre in Appreciation of China Rose Morrison ($200) 4,625

Shasta Land Trust

5170 Bechelli Lane
Redding,CA96002 		NONE PC Sustainable Agricultural Land Conservation Capacity and Project Development Grant Match and Gore Ranch Conservation Easement Associated Costs ($103,291), Gore Ranch Conservation Easement (in kind donation 25% of fair market value) ($775,000) 878,291

Shasta Living Streets

1313 California Street
Redding,CA960010602 		NONE PC BCycle Bikeshare Equipment, Third Party Payee The Roehr Agency - SLS Bike Depot Insurance, Operating Support, Occupancy-Rent and Utility Subsidy and Third Party Payee Liberty Mutual Insurance - SLS Bike Depot Insurance 586,459

Southern Oregon University

1250 Siskiyou Blvd
Ashland,OR97520 		NONE GOV 2020 McConnell Scholars ($17,977) and 2022 McConnell Scholars ($2,500) 20,477

Shasta Valley Cemetery District

853 Evergreen Lane
Yreka,CA96097 		NONE GOV Evergreen Cemetery general support 5,000

Sonoma State University

1801 East Cotati Avenue
Rohnert Park,CA94928 		NONE GOV 2019 McConnell Scholars ($6,857), 202 McConnell Scholars ($7,500), and 2022 McConnell Scholars ($4,250) 18,607

South Siskiyou Swim

601 W Barr Road
Mount Shasta,CA96067 		NONE PC South Siskiyou Swim Team 3,000

Turtle Bay Exploration Park

1335 Arboretum Drive
Redding,CA96003 		NONE PC General Support ($990), Cats & Dogs Pet Sponsorship ($375), Membership ($75), Family Membership: Jonathan & Nicolette Reeves ($75), Family Membership: Diane Degen & Kristin Pope ($75), Funding Families ($1,500), General Support ($750), Sponsorship of Al Exhibit ($11,250), Gift membership for Todd Harpst and Shannon Harrison-Harpst ($75), Family Membership for Paul Souza, Kasandra Schrumpf and children ($75), Fund-A-Need ($15,000), Donation in Memory of Sherrill Bambauer ($1,000), and Operating Support for Calendar Year 2023 and Sustainability Gardens - Site Maintenance 2023 ($1,570,000) 1,601,240

Tarleton State University

Box T-0760 Office of Scholarships
Stephenville,TX76402 		NONE GOV 2022 McConnell Scholars 7,500

The Asia Foundation

465 California Street 9th Floor
San Francisco,CA94104 		NONE PC River Basin Management Project and Improving Access to Justice for All Lao Citizens: Phase IV 230,000

The Jefferson Pipe Band Inc

2925 Pioneer Drive
Redding,CA960010204 		NONE PC Youth Programs 750

The Rotary Foundation of Rotary International

1560 Sherman Avenue
Evanston,IL602014818 		NONE PC Annual Fund - SHARE ($75), Polio Plus ($600), Paul Harris Fellow ($750), Annual Fund - SHARE ($750) 2,850

The Salvation Army

2691 Larkspur Lane
Redding,CA96002 		NONE PC Project Stay in Your Home 1,500

The Unyoke Foundation

79 KOMMISSARIS STREET
WELGEMOED,CAPE TOWN7530
SF 		NONE NC Peacebuilders' Unyoke Retreat: II 10,000

Tortoise Acres Rescue and Sanctuary

3365 East Street Suite A
Anderson,CA960073046 		NONE PC general support 225

Touro University California

1310 Club Drive
Vallejo,CA94592 		NONE GOV 2017 McConnell Scholars 8,842

Tri County Community Network

37477 Main Street
Burney,CA960134373 		NONE PC General Support 5,000

Truckee Meadows Community College

7000 Dandini Boulevard RDMT 315 C
Reno,NV895123999 		NONE GOV 2022 McConnell Scholars 5,856

Shasta Regional Community Foundation

1335 Arboretum Drive Suite B
Redding,CA96003 		NONE PC Giving Tuesday 2023, Operating Support for Occupancy Expenses 1335 Arboretum Drive, Suite B (2023-2025), Operating Support 2022-2026, and The McConnell Fund at the Community Foundation of the North State 2023 1,081,163

United Way of Northern California

3300 Churn Creek Road
Redding,CA96002 		NONE PC North State Equity Fund 50,000

University of California Berkeley

201 Sproul Hall Financial Aid Offic
e
Berkeley,CA947201960 		NONE GOV 2019 McConnell Scholars ($30,000) and 2021 McConnell Scholars ($7,253) 37,253

University of California Davis

PO Box 989062 UC Davis Campus Cashi
ering
West Sacramento,CA957989062 		NONE GOV Winnemem Wintu Collaboration Research Project, Marc Dadigan, Doctoral Candidate Teaching Assistant UC-Davis Native American Studies ($9,100), 2019 McConnell Scholars ($16,599), 2020 McConnell Scholars (13,166), 2021 McConnell Scholars ($17,111), and 2022 McConnell Scholars ($2,486) 58,462

University of California Los Angeles

405 Hilgard Avenue Box 957089 1125
Murphy Hall
Los Angeles,CA900959000 		NONE GOV 2022 McConnell Scholars ($167), and 2023 McConnell Scholars ($2,000) 2,167

University of California Merced

5200 N Lake Road Office of Financia
l Aid and Scholar
Merced,CA95343 		NONE GOV 2022 McConnell Scholars ($10,000) and 2023 McConnell Scholars ($6,391) 16,391

University of California San Diego

9500 Gilman Drive 0026
La Jolla,CA920930026 		NONE GOV 2022 McConnell Scholars ($11,654) and 2023 McConnell Scholars ($450) 12,104

University of California Santa Barbara FINA

Mail Code 3180
Santa Barbara,CA93106 		NONE GOV 2019 McConnell Scholars ($2,500), 2020 McConnell Scholars ($5,005), and 2021 McConnell Scholars ($8,728) 16,233

University of California Santa Cruz

1156 High Street 205 Hahn Student S
ervices Building
Santa Cruz,CA95064 		NONE GOV 2021 McConnell Scholars ($3,738) and 2023 McConnell Scholars ($2,332) 6,070

University of Nevada Las Vegas

4505 S Maryland Pkway
Las Vegas,NV89154 		NONE GOV 2023 McConnell Scholars 7,500

University of Nevada Reno

Mail Stop 0076 Student Financial Ai
d and Scholarsh
Reno,NV89557 		NONE GOV 2022 McConnell Scholars 7,000

University of Oregon

1226 University of Oregon
Eugene,OR974031226 		NONE GOV 2018 McConnell Scholars 3,417

University of Portland

5000 N Willamette Blvd Office of Fi
nancial Aid
Portland,OR972035798 		NONE GOV 2021 McConnell Scholars ($15,000) and 2023 McConnell Scholars ($7,500) 22,500

University of Puget Sound

1500 N Warner St CMB 1039
Tacoma,WA984161039 		NONE GOV 2023 McConnell Scholars 3,750

Viva Downtown Redding

1725 Market Street
Redding,CA96001 		NONE PC Viva Downtown Butte Street Revitalization-Rent & Utility Subsidy 2023-2025 264,195

Watershed Research And Training Center

PO Box 356
Hayfork,CA960410356 		NONE PC Weaver Basin Trails - Expansion & Improvement 112,500

West Valley High School

3805 Happy Valley Road
Cottonwood,CA96022 		NONE GOV West Valley High School Swim Team fundraiser (funds to be used at the discretion of coach Kathy Crawford) 150

Western Folklife Center

501 Railroad Street
Elko,NV89801 		NONE PC Membership 375

World Central Kitchen Incorporated

200 Massachusetts Ave NW
Washington,DC20001 		NONE PC Matching grant 315

Alternatives to Violence DBA Empower Tehama

PO Box 135 1805 Walnut Street
Red Bluff,CA960800135 		NONE PC FOOD DONATIONS 5,580

Empire Hotel Eharc Inc

1237 California Street
Redding,CA96001 		NONE PC FOOD DONATIONS 5,385

Shasta Senior Nutrition Program

100 Mercy Oaks Drive
Redding,CA96003 		NONE PC FOOD DONATIONS 7,109

Trinity County Food Assistance Program

PO Box 1123 105 CD Circle
Weaverville,CA96096 		NONE PC FOOD DONATIONS 9,673

Great Northern Services

780 South Davis Street
Weed,CA96094 		NONE PC FOOD DONATIONS 5,689

Shasta Women's Refuge

PO Box 991060 2280 Benton Drive
Redding,CA96099 		NONE PC FOOD DONATIONS 7,583

NorCal Outreach

2024 Market Street
Redding,CA960010618 		NONE PC FOOD DONATIONS 1,417

Shasta Trinity Tehama HIV Food Bank

PO Box 493283 925 Wall Street
Redding,CA96049 		NONE PC FOOD DONATIONS 6,106

Anderson Cottonwood Christian Assistance

2979 E Center Street
Anderson,CA96007 		NONE PC FOOD DONATIONS 5,251
Total .................................right arrow 3a 9,780,004
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 ........... 		    14 18,668  
4 Dividends and interest from securities ....     14 6,399,028  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 2,880,931  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 12,638,979  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aWATER RIGHTS INCOME 		    1 750,606  
bOTHER INCOME     1 327,131  
cPARTNERSHIP INCOME 525990 -64,355 1 1,861,074  
dPrivate Equity Income     1 1,319,121  
e
12 Subtotal. Add columns (b), (d), and (e) .. -64,355 26,195,538 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
26,131,183
(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: 23017437
Software Version: 2023v5.1


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

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
The McConnell Foundation
 
Employer identification number

94-6102700
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
The McConnell Foundation
  		Employer identification number
94-6102700
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
Cal OESFEMA Recovery Financial Processing Unit
 
3650 Schriever Avenue
 
Mather, CA95655

$ 1,234,741


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
California Department of Forestry & Forest Protection
 
1416 Ninth Street A-45
 
Sacramento, CA95814

$ 802,959


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
Natural Resources Conservation Service for USDA
 
3644 Avtech Pkwy
 
Redding, CA960029241

$ 56,165


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
State of California Housing & Community Development
 
2020 West El Camino Avenue Ste 330
 
Sacramento, CA95833

$ 1,072,273


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
The McConnell Foundation
  		Employer identification number

94-6102700
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
The McConnell Foundation
  		Employer identification number

94-6102700
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID: 23017437
Software Version: 2023v5.1

TY 2023 AccountingFeesSchedule
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 89,275 46,393 0 26,783

TY 2023 AllOthProgRltdInvestmentsSch
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Category Amount
See Supplemental Information. 85,000

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

TY 2023 DepreciationSchedule
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
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
Depreciation Expense           1,604,656 931,507 0  
Depreciation Expense - Charitable Use           1,057,939 0 0  
Depletion - Royalty Interest           0 158 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 McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
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
Mahila Shakti Bikash Kendra Nepal
  		Ganesh Basti
Maharajgang
Chakrapath,Kathmandu  
NP 		2022-01-01 890,000 Women's Leadership Development Program - Phase VII(b) 818,911 None 08/02/22 PROGRESS REPORT and 2/6/2023 Progress Report 2023-02-09 Activities continue on track. No cost extension - plan approved through August 31, 2024.
Natural Resource Conflict Transformation Center
  		Madhyapur Thimi
Ward No 3
Kausaltar,Bhaktipur  
NP 		2020-02-15 30,000 Global Platform (b) 30,000 NONE 6/1/2023 Final Report and 07/04/22 PROGRESS REPORT 2023-06-16 Grant fully expended on approved activities, audit is completed.
Natural Resource Conflict Transformation Center
  		Madhyapur Thimi
Ward No 3
Kausaltar,Bhaktipur  
NP 		2020-10-01 690,000 Natural Resource Conflict Transformation Project Phase VI - Sustainable Growth 690,000 None 1/31/2022 AND 5/6/2022 PROGRESS REPORT, 10/20/2022 NCE PROPOSAL, 12/29/2022 FINAL REPORT 2023-01-14 Grant was fully expended by December 2022. $0 spent in 2023, but final report and verification done in January 2023. Completed in good standing.
Community Conservation Nepal
  		Sauraha
Ward No 6
Ratnagar,Chitwan  
NP 		2022-12-01 8,000 Environmental Justice in Nepal Book Project 4,993 None Progress report received June 1, 2023 2023-06-08 Second event well organized and attended. Funds remain. Plans for the next activities approved for 2024 and 2025.
Block 7 Retail LLC
  		1401 California Street
Redding,CA96001 		2019-06-19 4,000,000 Pass through grant to convey IIG funds for parking garage construction to its development entity Block 7 Retail, LLC. In 2022, payment was treated as equity contribution by TMF to Block 7 Retail LLC 3,762,438 NONE 3/12/2021 Expense documentation , 5/24/2021 Grants approved. 5/25/2021 funds to B7 Retail 2021-05-14 Parking garage in operation 2022. Construction costs billed by Modern Construction reconciled by TMF. Received close of construction of Affordable Housing project November 2023. TMF billed IIG retention $237,562 to HCD in 2024 and funds received by HCD and final equity contribution paid to Block 7 Retail by TMF in 2024.
Paseo California LLC
  		1011 Parkview Avenue Ste A
Redding,CA96001 		2023-01-31 10,000,000 Cash flow for design and development and future construction of redevelopment projects on parcels within downtown Redding (Opportunity Zone). 123,310 NONE Amortization schedules provided to partnership accounting team monthly 2024-04-03 Design concept and "pitch" phase.

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

TY 2023 GainLossSaleOtherAssetsSch
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
Securities         31,474,685 28,286,385     3,188,300  
Limited Partnerships         360,662 0     360,662  
Private Equity         5,410,898 0     5,410,898  
Fixed Assets         3,679,119 0     3,679,119  

TY 2023 GeneralExplanationAttachment
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Identifier Return Reference Explanation
LINE 1 Form 990-PF, Part VIII-A Cal Fire/FEMA Hazard Mitigation/Carr Fire - The McConnell Foundation received multiple Cal Fire and FEMA grants for hazardous fuel reduction treatments (removal of dead and dying trees and brush and resprouting brush) along specific locations identified in Shasta and Trinity Counties to mitigate wildfire danger. The value of the fuel treatments, both in terms of reduced fire behavior/intensity and in terms of impacts (i.e. promoting resprouting of desirable tree species through fuel reduction treatment of competing shrub and invasive species) will produce long-term benefits. These benefits include reductions in vertical and horizontal continuity of fuels and removing competition from many small, closely spaced, fire-vulnerable species into a smaller number of resilient larger trees, thereby improving overall fire resiliency and carbon stocks. This project will lessen the probability of subsequent moderate- to high-severity re-burns. Reducing the probability of re-burns will reduce loss of life and/or personal injury and protect critical facilities, essential services, infrastructure, continuity of government operations, and public and private property. Reducing the occurrence of re-burns will protect ecosystem services such as water quality, flood control, green infrastructure, wildlife habitat, soil structure, and carbon sequestration. Roadside removal of dead and dying trees combined with roadside hazard fuel mitigation efforts will decrease the risk of human caused fire starts by decreasing the volume of hazard fuels in close proximity to roadways. Vehicle-started fires are the second leading cause of fire starts in the CalFire Shasta-Trinity Unit and caused the Carr Fire. These fuel reduction treatments allow roadways to serve as safe ingress and egress for residents in the event of fire, as well as providing tactical areas for suppression activities by hampering fire's ability to 'jump' roadways. Reducing fuel loading around vital firefighting infrastructure will increase efficiency of local response efforts by promoting safe access to and use of fire hydrants, water drafting locations, staging areas, etc. Finally, the removal of hazardous trees and vegetation creates defensible space around habitable structures, both those still standing post-Carr Fire and those that will be rebuilt. This will slow the spread of fire either from direct flame contact or radiant heat and provide firefighters with a safe area from which to defend a threatened home. Expenses: $2,701,757
LINE 2 Form 990-PF, Part VIII-A Trails and Open Space - The McConnell Foundation has over 400 acres of public park land including 8 miles of maintained trails. Thousands of local residents and visitors use the parks annually. The Lema Ranch park space is funded by the release of temporarily restricted funds under the disposition of Leah F. McConnell's Estate. Expenses: $2,685,907
LINE 3 Form 990-PF, Part VIII-A Meeting Facilities for Charitable Organizations - Lema Ranch provides approximately 10,000 square feet of meeting room space that is available at no charge to non-profit organizations, governmental agencies and public schools. In 2023 the Foundation hosted 60 of these groups with 2,142 attendees. The Meeting Room Facility is funded by the release of temporarily restricted funds under the disposition of Leah F. McConnell's Estate. Expenses: $878,302
LINE 4 Form 990-PF, Part VIII-A Bell Plaza Bike Depot and Courtyard - The McConnell Foundation developed and built a "green transit" hub proximate to Block 7 Affordable Housing partnership project and Redding's Downtown Transit Center. Certificate of Occupancy was received 12/20/2023. The green transit hub is the home base for tenant and TMF grantee Shasta Living Street which operates Redding bikeshare, a deliverable for the HCD AHSC grant funding for the Affordable Housing project. The Bike Depot features a secure public bike storage room, classroom/event space for cycling encouragement classes, a bike repair stand and other cycling amenities, urban greening, bike racks, benches for seating and more. Bell Plaza Bike Depot is linked to the Affordable Housing project and to Redding's Sacramento River trail by a downtown bicycle corridor (built by the City of Redding and also funded by HCD AHSC grant) that connects Dieselhorst Bridge to Sundial Bridge Parkway. Bell Pipeline Restaurant - as of 12/31/2023, The McConnell Foundation is developing and building a restaurant in its continued mission to revitalize downtown Redding. The tenant and operator, Pipeline Restaurant, will in particular to serve the bicycle community using the bike share program at the Bike Depot and for bicyclists riding from the river trail system or from the affordable housing development. The two storey restaurant features indoor and outdoor courtyard seating. Certificate of Occupancy was received 9/30/2024. The entire Bell Plaza facility is situated within an Opportunity Zone. Expenses: $756,956
LINE 5 Form 990-PF, Part VIII-A In partnership with the City of Redding and a local developer, The McConnell Foundation developed and built 78 units of affordable housing, a Community Leadership Center in conjunction with a community college, and supportive infrastructure including a five story parking garage. The Block 7 development also includes streetscape amenities to make downtown more bikeable and walkable, as well as a public park. Expenses: $675,223
LINE 6 Form 990-PF, Part VIII-A Center of Hope - In partnership with the City of Redding, Shasta County, and a local developer, The McConnell Foundation developed and built 49 units of affordable housing, a portion of which are targeted to at risk populations and those needing permanent supportive services. Phase I received Temporary Certificate of Occupancy in November 2023 in order to begin lease up, and CoO 1/31/2024. The Center of Hope Development has case managed housing units operated by the adjacent health clinic. Space on first floors will co-locate educational space for California Heritage Youth Build Academy, a local charter school which serves students ages 16-24 with job training and pre-apprenticeship opportunities in nursing and construction industries. Phase 2 will an additional 49 units of affordable housing. Funding escrow close for phase 2 is slated for 11/7/2024. Expenses: $414,433
LINE 7 Form 990-PF, Part VIII-A Yosemite Program - The Yosemite Program is a five-day residential environmental education program provided by NatureBridge in Yosemite National Park. Each spring, The McConnell Foundation supports participation in the program by North State high school sophomores and juniors from public high schools and public charter schools in Modoc, Shasta, Siskiyou, Tehama and Trinity counties, and Big Valley High School in Lassen County. Groups of students, led by NatureBridge educators, explore the park and participate in discussions and activities designed to heighten awareness of the importance of our natural world. The goal of the program is to inspire students to develop a connection to the natural world and empower them to act as responsible stewards of natural resources. The Foundation provides full funding for student and chaperone tuition, covers the cost of transportation, and administers the program. Expenses: $125,966
LINE 1 Form 990-PF, Part VIII-B In partnership with the City of Redding and a local developer, The McConnell Foundation developed and built 78 units of affordable housing, a Community Leadership Center in conjunction with a community college, and supportive infrastructure including a five story parking garage. The Block 7 development also includes streetscape amenities to make downtown more bikeable and walkable, as well as a public park.
LINE 2 Form 990-PF, Part VIII-B Paseo California, LLC is a 50-50 partnership between The McConnell Foundation and ADK Properties, LLC. Activities in this entity include the development, potential lease, and potential operation of projects designed to activate and bring jobs to the Redding downtown core. Current focus includes the South block of the three block tract that was purchased from the City of Redding in 2018, as well as a site at 1313 California Street currently owned by TMF. These redevelopment projects occur within Opportunity Zones, including zip codes designated federally as Low Income Communities.
LINE 3 Form 990-PF, Part VIII-B Center of Hope: In partnership with the City of Redding, Shasta County, and a local developer, The McConnell Foundation developed and built 49 units of affordable housing, a portion of which are targeted to at risk populations and those needing permanent supportive services. Phase I received Temporary Certificate of Occupancy in November 2023 in order to begin lease up, and CoO 1/31/2024. The Center of Hope Development has case managed housing units operated by the adjacent health clinic. Space on first floors will co-locate educational space for California Heritage Youth Build Academy, a local charter school which serves students ages 16-24 with job training and pre-apprenticeship opportunities in nursing and construction industries. Phase 2 will create an additional 49 units of affordable housing. Funding escrow close for phase 2 is slated for 11/7/2024.

TY 2023 InvestmentsCorpStockSchedule
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
Equities 145,515,154 280,217,228
Fixed Income 18,833,242 18,833,242
Real Estate 1,250,644 1,250,644
Alternative Investments 130,738,835 130,738,835

TY 2023 InvestmentsLandSchedule2
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Building 19,271,211 11,597,143 7,674,068 7,674,068
Land 33,138,845 0 33,138,845 33,142,627
Equipment 168,561 143,085 25,476 27,320

TY 2023 InvestmentsOtherSchedule2
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
RIVERVIEW AT COST 8,050 8,050
ANTIQUE RANCH EQUIPMENT AT COST 72,020 72,020
ART & COLLECTIBLES AT COST 783,971 783,971
LIMITED PARTNERSHIP INTEREST AT COST 744,053 744,053

TY 2023 LandEtcSchedule2
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Buildings 54,937,542 25,056,335 29,881,207 30,312,051
Equipment 10,063,555 9,041,807 1,021,748 1,159,855
Land 34,769,672 0 34,769,672 34,862,683


TY 2023 LegalFeesSchedule
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 500,226 312,289 0 187,937


TY 2023 MortgagesAndNotesPayableSch
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Total Mortgage Amount: 0

Item No. 1
Lender's Name CHARLES SCHWAB
Lender's Title Line of Credit
Relationship to Insider None
Original Amount of Loan 8,890,000
Balance Due 8,925,745
Date of Note 2019-09
Maturity Date 2025-06
Repayment Terms  
Interest Rate  
Security Provided by Borrower SECURITIES
Purpose of Loan Charitable operations and community revitalization
Description of Lender Consideration Collateralized by various securities
Consideration FMV 8925745


TY 2023 OtherAssetsSchedule
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Refundable Deposit/Rdg Water Agreement LRGC 5,000 5,000 5,000
LAND WATER RIGHTS LEASEHOLD CONTRACT 439,890 439,890 439,890
Program Related Investments 8,864,111 7,428,172 7,428,172
Advances Receivable from Daffodil LLC 8,345 23,872 23,872


TY 2023 OtherExpensesSchedule
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Charitable activities costs 306,090 0 0 306,090
Qualifying memberships 29,600 0 0 29,600
Direct Charitable Activities - Special Projects 310,438 0 0 310,438
Chemicals & Fertilizers 19,441 1,906 0 17,536
Computer 201,542 58,646 0 142,896
Consulting Commissions 151,043 151,043 0 0
Gas, Oil, Fuel 47,072 6,494 0 40,578
Insurance Liab 569,249 64,194 0 505,056
Maintenance & Repair 574,690 114,163 0 460,528
Meals 17,769 2,458 0 15,311
Outside Services 2,998,462 114,259 0 2,884,203
Misc Contributions & Support 69,189 0 0 69,189
Uniforms 15,661 1,127 0 14,534
Managed Prop Expenses 1,498,043 1,498,043 0 0
Misc Investment Expenses 0 2,938,778 0 0
Federal Excise Tax -929,000 0 0 0
Foreign Tax -36,286 0 0 0
Dues, Fees & Permits 10,872 1,980 0 8,891
Office Supplies & Expense 106,018 13,469 0 92,546


TY 2023 OtherIncomeSchedule2
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Partnership Income 1,796,719 536,064 0
Private Equity Income 1,319,121 1,319,121 0
Miscellaneous Income 327,131 0 0
Water Rights Income 750,606 0 0


TY 2023 OtherLiabilitiesSchedule
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
Block 7 pass through liability 49,550 -450
Taxes Payable - Sales Tax liability 470 3,888


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

TY 2023 OtherNotesLoansRcvblLongSch
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
Note Receivable - Turtle Bay Exploration Park N/A 2,091,566 1,730,379 2022-11 2027-11   600 % N/A REAL ESTATE DEVELOPMENT   1,730,379
Note Receivable - California Sporting Company LLC N/A 70,000 65,161 2023-09 2026-12   700 % N/A REAL ESTATE DEVELOPMENT   65,161

TY 2023 OtherProfessionalFeesSchedule
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT EXPENSE 1,551,376 1,551,376 0 0
INVESTMENT EXPENSE-LPS 354,500 354,500 0 0


TY 2023 TaxesSchedule
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
STATE TAX 56,787 0 0 0
PROPERTY TAX - Investment Property 209,459 209,459 0 0
PROPERTY TAX - Charitable Property 9,506 0 0 9,506
FOREIGN TAXES 0 262,826 9 0


TY 2023 TransfersToControlledEntities
Name:
The McConnell Foundation
EIN:
94-6102700
Software ID:
23017437
Software Version:
2023v5.1
Name US /
Foreign Address		 EIN Description Amount
DAFFODIL VENTURES LLC 800 SHASTA VIEW DRIVE
REDDING,CA96003 		85-3131527 None 0
Total