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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
Kelly Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 3955
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Olathe, KS66063
A Employer identification number

27-6825262
B Telephone number (see instructions)

(913) 210-1788
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$29,411,532J 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 73,198 73,198  
4 Dividends and interest from securities... 783,648 783,648  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 284,095
b Gross sales price for all assets on line 6a 3,492,208
7 Capital gain net income (from Part IV, line 2)... 284,095
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).......      
12 Total. Add lines 1 through 11........ 1,140,941 1,140,941  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,930 4,930    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments
List of Attached Documents:
// Content
116,713 116,713    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 121,643 121,643   0
25 Contributions, gifts, grants paid....... 3,857,410 3,857,410
26 Total expenses and disbursements. Add lines 24 and 25 3,979,053 121,643   3,857,410
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,838,112
b Net investment income (if negative, enter -0-) 1,019,298
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 1,434,397 997,729 997,729
2 Savings and temporary cash investments.........      
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)....... 17,304,182 19,114,766 23,348,386
c Investments—corporate bonds (attach schedule)....... 7,320,873 5,186,483 5,065,417
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 26,059,452 25,298,978 29,411,532
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
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 26,059,452 25,298,978
29 Total net assets or fund balances (see instructions)..... 26,059,452 25,298,978
30 Total liabilities and net assets/fund balances (see instructions). 26,059,452 25,298,978
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
26,059,452
2
Enter amount from Part I, line 27a .....................
2
-2,838,112
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,077,638
4
Add lines 1, 2, and 3 ..........................
4
25,298,978
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,298,978
Form 990-PF (2024)
Form 990-PF (2024)
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 Capital Gain Distributions P   2024-12-31
b ST Covered from Investments Accounts P   2024-12-31
c LT Covered from Investments Accounts P   2024-12-31
d LT Noncovered from Investment Accounts P   2024-12-31
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 119,304     119,304
b 841,560   801,473 40,087
c 2,505,085   2,387,252 117,833
d 26,259   19,388 6,871
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       119,304
b       40,087
c       117,833
d       6,871
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 2 284,095
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 14,168
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 14,168
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 14,168
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 9,601
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 9,601
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 41
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 4,608
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow0 Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
 
No
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 arrow
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowBonnie C Kelly Telephone no.right arrow (913) 210-1788

Located atright arrowPO Box 3955OlatheKS ZIP+4right arrow66063
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 2024, 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 (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 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 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
Bonnie C Kelly Trustee
1.00 		0    
PO Box 3955
Olathe,KS66063
Gerald A Kelly Jr Trustee
1.00 		0    
PO Box 3955
Olathe,KS66063
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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 arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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
30,470,915
b
Average of monthly cash balances.......................
1b
271,934
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
30,742,849
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
30,742,849
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
461,143
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
30,281,706
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,514,085
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
1,514,085
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
14,168
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
14,168
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,499,917
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,499,917
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,499,917
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
3,857,410
b
Program-related investments—total from Part VIII-B..................
1b
 
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
3,857,410
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,499,917
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 931,660
b From 2020...... 1,241,866
c From 2021...... 1,469,663
d From 2022...... 1,029,534
e From 2023...... 1,536,970
f Total of lines 3a through e ........ 6,209,693
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,857,410
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 1,499,917
e Remaining amount distributed out of corpus 2,357,493
5 Excess distributions carryover applied to 2024.    
(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 8,567,186
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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 ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		931,660
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		7,635,526
10 Analysis of line 9:
a Excess from 2020.... 1,241,866
b Excess from 2021.... 1,469,663
c Excess from 2022.... 1,029,534
d Excess from 2023.... 1,536,970
e Excess from 2024.... 2,357,493
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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).)
Bonnie C Kelly
Gerald A Kelly Jr
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Bonnie C Kelly
PO Box 3955
Olathe,KS66063
(913) 210-1788
bThe form in which applications should be submitted and information and materials they should include:
Unspecified
cAny submission deadlines:
Not Applicable
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
All submissions should relate to the foundation's mission statement and be used to improve the quality of life in children, women and animals within the United States by supporting programs that focus on education, mental and physical wellness and caliber of life.
Form 990-PF (2024)
Form 990-PF (2024)
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
Backpack Buddies Seabrook Island


130 Gardeners Circle PMB K
Johns Island,SC29455 		  PC To feed hungry children living below the poverty line attending Charleston County, SC public schools. 2,000
Barrier Island Free Medical Clinic


3226 Maybank Hwy Building C
Johns Island,SC29455 		  PC Donation to provide medical support to those in need. 25,000
The Bement School


94 Old Main Street PO Box 8
Deerfield,MA01342 		  PC To help student programs and further student success. 20,000
Benedictine Sis of Perpetual Adorat


31970 State Hwy P
Clyde,MO64432 		  PC To support the ministry of charity, community life, and offering a space for silence, prayer, and spiritual hospitality in a shared environment of monastic peace. 25,000
Birthright of Kansas City


6309 Walnut St
Kansas City,MO64113 		  PC To provide support for pregnant women. 5,000
Bravo Vail


2271 North Frontage Rd W Suite C
Vail,CO81657 		  PC To enrich people's lives by fostering music education and promoting an appreciation of the arts. 5,000
Catholic Charities of KC - St Josep


4001 Blue Parkway Suite 250
Kansas City,MO64130 		  PC To help the Catholic Church provide to charity to the underprivileged. 15,000
Catholic Charities of NE Kansas


9720 West 87th St
Overland Park,KS66212 		  PC To help the Catholic Church provide charity to the underprivileged. 15,000
Catholic Education Foundation


12615 Parallel Parkway
Kansas City,KS66109 		  PC To help provide Catholic education for underprivileged children. 125,000
Charleston Area Therapeutic Riding


2669 Hamilton Rd
Johns Island,SC29455 		  PC To assist with providing quality therapeutic horseback riding programs to individuals with a wide variety of disabilities in a safe and enjoyable environment. 50,000
Charleston Collegiate School


2024 Academy Dr
Johns Island,SC29455 		  PC To support education. 5,000
City Union Mission


1100 E 11th St
Kansas City,MO64106 		  PC To help provide clothing and other items for the poor and homeless. 5,000
Comm Adolescent Resource Education


247 Cabot St
Holyoke,MA01040 		  PC To provide education, social and other support services for parenting, pregnant or at-risk teenagers. 40,000
Cristo Rey Kansas City


211 W Linwood Blvd
Kansas City,MO64111 		  PC To help a Sisters of Charity High School provide college prep and education scholarships. 15,000
Cultural Enrichment Center of FC


2439 S College Ave Suite C
Fort Collins,CO80525 		  PC To help connect participants with history, literature, arts, music, dance, traditions, and folklore of the African American experience. 30,000
Doctors Without Borders


333 7th Ave
New York,NY10001 		  PC To deliver independent medical care to victims of armed conflict, bring relief in the aftermath of natural or man-made disasters, and fight deadly epidemics in more than 70 countries around the world. 10,000
Florence Crittenton Programs of SC


19 Saint Margaret Street
Charleston,SC29403 		  PC To help provide hope, safety, and opportunity to at-risk, pregnant, and parenting young women in order to instill self-worth and self-sufficiency. 20,000
Foster Adopt Connect


901 N 8th Street
Kansas City,KS66101 		  PC To help serve children in foster care and the families caring for them. 20,000
Gabriel Project KC


12615 Parallel Pkwy
Kansas City,KS66109 		  PC To fund respect life initiatives for pregnant mothers in need throughout the greater KC metropolitan area. 390,000
Habitat for Humanity Sea Island


2545 Bohicket Road
Johns Island,SC29455 		  PC To help build homes and improve lives. 35,000
Harlem Lacrosse


8 West 126th Street
New York,NY10027 		  PC To help youth with academic support, mentoring, leadership training, college readiness career exploration, admissions counseling and lacrosse instruction. 25,000
Holy Cross Catholic School


8101 West 95th Street
Overland Park,KS66212 		  PC To help fund Holy Cross student scholarships. 20,000
Inclusion Connections


2073 E Santa Fe
Olathe,KS66062 		  PC To assist teens and young adults with disabilities by creating inclusive opportunities for community involvement. 10,000
Johnson County IHN


6315 W 110th Street
Overland Park,KS66211 		  PC To help restore stability to situationally homeless families in Johnson County. 10,000
Juvenile Diabetes Research Foundati


215 W Pershing Rd 300
Kansas City,MO64108 		  PC To help find a cure for type 1 diabetes and its complications through the support of research. 5,000
Kansas City Hospice


9001 State Line Road Suite 300
Kansas City,MO64114 		  PC To help provide comprehensive expert care for all ages at all stages of serious illness. 5,000
KU Endowment


3901 Rainbow Blvd
Kansas City,KS66160 		  PC To help provide the highest level of cancer research, prevention, treatment and survivorship programs and services. 500,000
Kiawah Cares Foundation


23 Beachwalker Dr
Kiawah Island,SC29455 		  PC To help celebrate a community, as well as work together to address social issues on the islands of Kiawah, Johns and Wadmalaw. 5,000
Kiawah Conservancy


80 Kestrel Ct
Kiawah Island,SC29455 		  PC To preserve and enhance Kiawah Island's unique balance of nature and development. 2,500
KVC Health Systems


21350 W 153rd St
Olathe,KS66061 		  PC To assist children and families with mental health care, medical, social services and education. 10,000
Love Fund for Children


3030 Summit
Kansas City,MO64108 		  PC Helping build a Kansas City community in which every child lives a life without need. 10,000
My Sister's House


3053 Freeport Blvd 120
Sacramento,CA95818 		  PC To eliminate domestic violence, sexual assault, and human trafficking in the community. 15,000
Noora Health


2443 Fillmore St 380-3203
San Francisco,CA94115 		  PC To build programs to equip caregivers, strengthen health systems, and transform the way care is delivered. 15,000
Northampton Survival Center


265 Prospect Street
Northampton MA,MA01060 		  PC Donation to help provide low-income individuals and families in the Hampshire County with nutritious food and other resources. 25,000
Phoenix Family


3908 Washington
Kansas City,MO64111 		  PC To help with programs that enable people to stay in their homes and with their families while they make progress towards and attain self-sufficiency. 5,000
Rockhurst High School


9301 State3 Line RD
Kansas City,MO64114 		  PC To help provide education to young boys based on Jesuit ideals and Catholic educational tradition. 1,112,610
Safehome Inc


PO Box 4563
Overland Park,KS66204 		  PC To break the cycle of domestic violence and partner abuse for victims and their children by providing shelter, advocacy, counseling, and prevention education in our community. 550,000
School of Faith


PO Box 25467
Shawnee Mission,KS66225 		  PC To provide ongoing adult catechesis at schools and parishes throughout the archdiocese of Kansas City. 50,000
Sea Island Hunger Awareness Fund


PO Box 268
Johns Island,SC29457 		  PC To fight island hunger with healthy food and clean water one meal at a time. 25,000
Show Me Riders Horse Club of KC


8100 Harry Truman Dr
Grandview,MO64108 		  PC To help introduce horsemanship to young people. 5,000
St Agnes Catholic School


5130 Mission Rd
Roeland Park,KS66205 		  PC To help support the Catholic education of children. 10,000
St Agnes Catholic Church


5250 Mission Rd
Roeland Park,KS66205 		  PC To provide a place of worship, reconciliation, and offer an occasion for a deepening conversation and step forward in the journey to God. 1,500
Stratton Foundation


PO Box 523
Stratton Mountain,VT05155 		  PC To help respond to the needs that arise as a result of crisis, economic challenges, and quality of life for the families who live, work, and raise their children in southern Vermont. 20,000
The Common School


PO Box 2248
Amherst,MA01004 		  PC To help create a safe and stimulating atmosphere for learning that encourages children to trust in themselves and others, honor differences, question, take risks, collaborate, assume responsibility, and discover individual areas of strength and interest. 10,000
Thomas More Prep - Marian


1701 Hall Street
Hays,KS67601 		  PC To help challenge students to spiritual growth, academic excellence, and leadership formation in a Christian community in the Catholic tradition. 25,000
UMKC Foundation


5115 Oak Street
Kansas City,MO64112 		  PC To benefit students, faculty and program efforts. 10,000
University of Denver


2199 South University Boulevard
Denver,CO80208 		  PC To help with teaching, research, community impact and knowledge creation of DU. 50,000
Vail Health Foundation


322 Beard Creek Rd
Edwards,CO81632 		  PC To generate philanthropy and awareness that support the Vail Health nonprofit organization. 10,000
Vail Valley Foundation


90 W Benchmark Rd 300
Avon,CO81620 		  PC To enhance the quality of life in the Vail Valley and showcase the community. 10,000
Wingmasters


34 Long Hill Rd
Leverett,MA01054 		  PC To increase public understanding and appreciation of North American bird prey. 5,000
Children's Mercy Kansas City


2401 Gillham Road
Kansas City,MO64108 		  PC To help support the pursuit of clinical, research, and academic excellence as well as bringing hope to families and the promise of healthy futures. 50,000
Stout Street Foundation


7251 E 49th Ave
Commerce City,CO80022 		  PC To provide a better way to a more meaningful life in recovery. 25,000
Robin Hood Foundation


826 Broadway 9th Floor
New York,NY10003 		  PC To fund impactful and scalable solutions to lift families out of poverty in New York City. 75,000
Cedar Cove Feline Conservatory


3783 K-68 Hwy
Louisburg,KS66053 		  PC To help educate young children and adults alike with the awareness needed to address the looming problems and strive for sustainable future for all living things. 5,000
Heart to Heart International


11550 Renner Blvd
Lenexa,KS66219 		  PC To help improve healthcare access in the U.S. and around the world by ensuring quality care is provided equitably in medically under-resourced communities and in disaster situations. 50,000
Alliance for Suicide Prevention


525 W Oak St Ste B10
Fort Collins,CO80521 		  PC To prevent suicide in Larimer County through training and education, providing outreach, and offering support. 30,000
Charleston Library Society


164 King Street
Charleston,SC29401 		  PC To help fund the essential operations of the library. 400
Dakin Humane Society


171 Union St
Springfield,MA01105 		  PC To help provide shelter and medical care to animals. 2,500
Eagle Valley Community Foundation


56 Edwards Vlge Blvd Ste 206 Off 2
Edwards,CO81632 		  PC To help address food insecurity and provide health & wellness resources among people of color. 25,000
Hebron Zion Presbyterian Church


2915 Bohicket Rd
Johns Island,SC29455 		  PC To help support the operations and mission work of the church. 5,000
Leukemia Lymphoma


3 International Drive Suite 200
Rye Brook,NY10573 		  PC To help fund cancer research. 2,500
Little Essentials


63 Flushing Ave Bldg 131 Ste 205
Brooklyn,NY11205 		  PC To help families living in poverty. 10,000
Lowcountry Marine Mammal Network


1367 Clearbrook St
North Charleston,SC29405 		  PC To help protect marine mammals in South Carolina waters. 200
Make-A-Wish Nebraska


1005 S 107th Ave Suite 102
Omaha,NE68114 		  PC To help create life-changing wishes for children with critical illnesses. 5,000
Samaritan's Purse


PO Box 3000
Boone,NC28607 		  PC To help provide spiritual and physical aid to hurting people around the world. 5,000
SC Camps and Retreat Ministries


5 Century Dr Suite 250
Greenville,SC29607 		  PC To help support camps & retreats that serve all people for Christian birth, growth, and renewal. 40,200
ServiceNet


21 Olander Drive
Northampton,MA01060 		  PC To help provide essential services to people living with mental health challenges and other disabilities. 15,000
Share Our Suzy Lowcountry


PO Box 1778
Mt Pleasant,SC29465 		  PC To help enhance the quality of life for breast cancer patients in South Carolina. 5,000
Soccer Without Borders


3700 Eastern Ave
Baltimore,MD21224 		  PC To help use soccer as a vehicle for positive change, providing underserved youth with a toolkit to overcome obstacles to growth, inclusion, and personal success. 2,500
St Benedict's Abbey


1020 North 2nd Street
Atchison,KS66002 		  PC To help build a stable future for the Abbey's monastic community and strengthen their capacity to serve others. 5,000
Uplift Organization Inc


PO Box 270175
Kansas City,MO64127 		  PC To help deliver basic human needs, care and compassion to the homeless. 20,000
Wayside Waifs


3901 Martha Truman Rd
Kansas City,MO64137 		  PC To provide support for homeless pets. 5,000
Charleston Area Therapeutic Riding


2669 Hamilton Rd
Johns Island,SC29455 		  PC To assist with providing quality therapeutic horseback riding programs to individuals with a wide variety of disabilities in a safe and enjoyable environment. 200
Gabriel Project KC


12615 Parallel Pkwy
Kansas City,KS66109 		  PC To fund respect life initiatives for pregnant mothers in need throughout the greater KC metropolitan area. 30,300
Children's Mercy Kansas City


2401 Gillham Road
Kansas City,MO64108 		  PC To help support the pursuit of clinical, research, and academic excellence as well as bringing hope to families and the promise of healthy futures. 25,000
Sportswomen of Colorado


PO Box 261023
Lakewood,CO80226 		  PC To help promote, honor, and empower Colorado girls and women in sports. 2,500
Colorado Youth Athletics Foundation


PO Box 270166
Louisville,CO80027 		  PC To help provide scholarships to families in financial need, so their kids can participate in youth sports. 2,500
Total .................................right arrow 3a 3,857,410
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
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 73,198  
4 Dividends and interest from securities ....     14 783,648  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 284,095  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,140,941  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,140,941
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID: 24020486
Software Version: 2024v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 OtherExpensesSchedule
Name:
Kelly Family Foundation
EIN:
27-6825262
Software ID:
24020486
Software Version:
2024v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Bank Charges 105 105    
Investment Fees 116,608 116,608    


TY 2024 OtherIncreasesSchedule
Name:
Kelly Family Foundation
EIN:
27-6825262
Software ID:
24020486
Software Version:
2024v5.1
Description Amount
Net Unrealized Gains or Losses Tranferred 2,077,638


TY 2024 TaxesSchedule
Name:
Kelly Family Foundation
EIN:
27-6825262
Software ID:
24020486
Software Version:
2024v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Taxes Paid 4,930 4,930