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 07-01-2023 , and ending 06-30-2024
Name of foundation
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
CHARITABLE TRUST
Number and street (or P.O. box number if mail is not delivered to street address)820 BROAD STREET 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN37402
A Employer identification number

62-6268981
B Telephone number (see instructions)

(423) 755-8142
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$29,133,558J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 351,760 351,508  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
-7,499
b Gross sales price for all assets on line 6a 4,253,981
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
171,196 105,224  
12 Total. Add lines 1 through 11........ 515,457 456,732  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,500 8,250   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
24,912 24,912   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
5,163 5,163   0
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 attachment
List of Attached Documents:
// Content
403,432 360,883   37,619
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 450,007 399,208   37,619
25 Contributions, gifts, grants paid....... 2,537,500 2,537,500
26 Total expenses and disbursements. Add lines 24 and 25 2,987,507 399,208   2,575,119
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,472,050
b Net investment income (if negative, enter -0-) 57,524
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 285,576 382,702 382,702
2 Savings and temporary cash investments......... 354,064 101,201 101,201
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)....... 5,729,807 Click to see attachment
List of Attached Documents:
// Content
3,781,659 		3,911,449
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,340,701 Click to see attachment
List of Attached Documents:
// Content
13,989,172 		24,738,206
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
16,636 		Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 20,726,784 18,254,734 29,133,558
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 20,726,784 18,254,734
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 20,726,784 18,254,734
30 Total liabilities and net assets/fund balances (see instructions). 20,726,784 18,254,734
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
20,726,784
2
Enter amount from Part I, line 27a .....................
2
-2,472,050
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
18,254,734
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
18,254,734
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 SHORT-TERM CAPITAL GAINS FROM PARTNERSHIP INVESTMENTS P   2023-12-31
b LONG-TERM CAPITAL GAINS FROM PARTNERSHIP INVESTMENTS P   2023-12-31
c 1231 GAINS FROM PARTNERSHIP INVESTMENTS P   2023-12-31
d 1256 GAINS FROM PARTNERSHIP INVESTMENTS P   2023-12-31
e CAPITAL GAIN OR LOSS FROM UBS 3556      
CAPITAL GAIN OR LOSS FROM UBS 4301      
CAPITAL GAIN OR LOSS FROM UBS 5653      
CAPITAL GAIN OR LOSS FROM UBS 5654      
CAPITAL GAIN OR LOSS FROM UBS 5656      
CAPITAL GAIN OR LOSS FROM UBS 5657      
CAPITAL GAIN OR LOSS FROM UBS 5658      
CAPITAL GAIN OR LOSS FROM UBS 5659      
CAPITAL GAIN OR LOSS FROM UBS 6394      
CAPITAL GAIN OR LOSS FROM UBS 5817      
CAPITAL GAIN OR LOSS FROM UBS 0045      
AD FUND I, A SERIES OF PATHBREAKER SPV, LP P   2023-12-31
DE FUND I, A SERIES OF PATHBREAKER SPV, LP P   2023-12-31
CEVIAN CAPITAL II, LP P   2023-12-31
KERN MEDICAL IV, LLC P   2023-12-31
RESOURCE LAND FUND, III, LLC P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 7,280     7,280
b     27,646 -27,646
c 801     801
d     5 -5
e 130,105   106,990 23,115
211,033   201,919 9,114
418,741   420,567 -1,826
90,465   86,125 4,340
256,367   197,124 59,243
107,137   104,463 2,674
1,037,172   1,025,218 11,954
425,184   505,678 -80,494
260,505   261,370 -865
529,547   481,337 48,210
357,710   330,330 27,380
    50,516 -50,516
    38,159 -38,159
420,828   383,932 36,896
    40,000 -40,000
397   101 296
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       7,280
b       -27,646
c       801
d       -5
e       23,115
      9,114
      -1,826
      4,340
      59,243
      2,674
      11,954
      -80,494
      -865
      48,210
      27,380
      -50,516
      -38,159
      36,896
      -40,000
      296
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 -8,208
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) 1 800
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 800
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 800
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 7,754
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 7,754
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 6,954
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow6,954 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTN, CA, IL, SC
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowHUGH O MACLELLAN JR Telephone no.right arrow (423) 755-8141

Located atright arrow820 BROAD STREET SUITE 300CHATTANOOGATN ZIP+4right arrow37402
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
HUGH O MACLELLAN JR SECRETARY & TREASURER
0.50 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
CHRISTOPHER H MACLELLAN VICE PRESIDENT
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
DANIEL O MACLELLAN VICE PRESIDENT
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
CATHERINE M HEALD VICE PRESIDENT
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
ELIZABETH M LINDQUIST PRESIDENT
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
5,184,636
b
Average of monthly cash balances.......................
1b
738,420
c
Fair market value of all other assets (see instructions)................
1c
24,746,316
d
Total (add lines 1a, b, and c).........................
1d
30,669,372
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
30,669,372
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
460,041
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
30,209,331
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,510,467
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
1,510,467
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
800
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
800
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,509,667
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,509,667
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
1,509,667
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
2,575,119
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,575,119
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 1,509,667
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 797,217
b From 2019...... 712,927
c From 2020...... 879,330
d From 2021...... 398,506
e From 2022...... 1,408,220
f Total of lines 3a through e ........ 4,196,200
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,575,119
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..... 1,509,667
e Remaining amount distributed out of corpus 1,065,452
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 5,261,652
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		797,217
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		4,464,435
10 Analysis of line 9:
a Excess from 2019.... 712,927
b Excess from 2020.... 879,330
c Excess from 2021.... 398,506
d Excess from 2022.... 1,408,220
e Excess from 2023.... 1,065,452
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMG INTERNATIONAL

6815 SHALLOWFORD RD
CHATTANOOGA,TN37421 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 5,000

AUSTIN HATCHER FOUNDATION FOR PEDIATRIC CANCER

1705 SOUTH HOLTZCLAW AVENUE
CHATTANOOGA,TN37404 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

BIBLE PROJECT

PO BOX 14278
PORTLAND,OR97293 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 20,000

CAFE 1040 INC

PO BOX 110
ALPHARETTA,GA30009 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 3,000

CALVARY CHAPEL CHATTANOOGA INC

PO BOX 2127
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR RESTORATION AND REHABILITATION PROGRAMS. 40,000

CALVARY CHAPEL CHATTANOOGA INC

PO BOX 2127
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR RESTORATION AND REHABILITATION PROGRAMS. 5,000

CAMPUS CRUSADE FOR CHRIST INC

100 LAKE HART DR 2100
ORLANDO,FL328320100 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 5,000

CENTER FOR STRATEGIC MINISTRY

290 E WOODMEN RD
COLORADO SPRINGS,CO80919 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 15,000

CENTER FOR STRATEGIC MINISTRY

290 E WOODMEN RD
COLORADO SPRINGS,CO80919 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

CHALMERS CENTER FOR ECONOMIC DEVELOPMENT AT COVENANT COLLEGE

507 MCFARLAND RD SUITE B
LOOKOUT MOUNTAIN,GA30750 		NONE PUBLIC CHARITY SEC 5 FOR HOLISTIC COMMUNITY OUTREACH AND DEVELOPMENT. 12,000

CHAMBLISS CENTER FOR CHILDREN

315 GILLESPIE ROAD
CHATTANOOGA,TN37411 		NONE PUBLIC CHARITY SEC 5 FOR RESTORATION AND REHABILITATION PROGRAMS. 20,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE SUITE 205
CHATTANOOGA,TN37405 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 788,000

CHATTANOOGA CHRISTIAN SCHOOL INC

3354 CHARGER DRIVE
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 50,000

CHATTANOOGA CHRISTIAN SCHOOL INC

3354 CHARGER DRIVE
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 10,000

CHATTANOOGA CHRISTIAN SCHOOL INC

3354 CHARGER DRIVE
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 40,000

CHATTANOOGA CHURCH MINISTRIES INC

PO BOX 11203
CHATTANOOGA,TN37401 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 20,000

CHATTANOOGA CHURCH MINISTRIES INC

PO BOX 11203
CHATTANOOGA,TN37401 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO THE INDIGENT. 20,000

CHATTANOOGA PREP INC

PO BOX 3809
CHATTANOOGA,TN37404 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 10,000

CHURCH OF THE FIRST BORN

3418 SAINT ELMO AVENUE
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 8,000

CHURCH OF THE FIRST BORN

3418 SAINT ELMO AVENUE
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 10,000

COVENANT COLLEGE INC

14049 SCENIC HIGHWAY
LOOKOUT MOUNTAIN,GA30750 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 25,000

COVENANT COLLEGE INC

14049 SCENIC HIGHWAY
LOOKOUT MOUNTAIN,GA30750 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 33,000

COVENANT COLLEGE INC

14049 SCENIC HIGHWAY
LOOKOUT MOUNTAIN,GA30750 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 30,000

EHLERS-DANLOS SOCIETY

447 BROADWAY 2ND FL 670
NEW YORK,NY10013 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 75,000

ELAM MINISTRIES INC

5755 NORTH POINT PKWY - SUITE 217
ALPHARETTA,GA30022 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 20,000

EVERY EYE WILL SEE HIM MINISTRIES

6127 BAYSWATER LANE
HIXSON,TN37343 		NONE PUBLIC CHARITY SEC 5 FOR PROVIDING HEALTH SERVICES. 5,000

FAIRYLAND ELEMENTARY SCHOOL PARENT TEACHER ORGANIZATION INC

1306 LULA LAKE RD
LOOKOUT MOUNTAIN,GA30750 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 10,000

FAMILY FOUNDATION FUND INC

PO BOX 292724
NASHVILLE,TN37229 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 20,000

FCA - CHATTANOOGA AREA

PO BOX 338
HIXSON,TN37343 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 10,000

FELLOWSHIP OF CHRISTIAN ATHLETES

8701 LEEDS RD
KANSAS CITY,MO64129 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

FIRST THINGS FIRST INC

PO BOX 391
CHATTANOOGA,TN37401 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO FAMILIES. 10,000

FOCUS ON THE FAMILY

8605 EXPLORER DRIVE
COLORADO SPRINGS,CO80920 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 75,000

GLOBAL TRUST PARTNERS

PO BOX 101132
DENVER,CO80250 		NONE PUBLIC CHARITY SEC 5 FOR INSPIRING OTHERS IN GENEROSITY. 8,000

GOD'S WORLD PUBLICATIONS INC

PO BOX 20002
ASHEVILLE,NC28802 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

GOOD NEWS COMMUNICATIONS INC

4073 MISSION OAKS BOULEVARD
CAMARILLO,TX93012 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 15,000

HABITAT FOR HUMANITY OF GREATER CHATTANOOGA AREA INC

1201 EAST MAIN STREET
CHATTANOOGA,TN374081613 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

HABITAT FOR HUMANITY OF GREATER CHATTANOOGA AREA INC

1201 EAST MAIN STREET
CHATTANOOGA,TN374081613 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

HAPPY SHOES PROJECT

PO BOX 356
OOLTEWAH,TN37363 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

HELPING HANDS MINISTRIES INC

PO BOX 337
TALLULAH FALLS,GA30573 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 30,000

HOSANNA

2421 AZTEC ROAD NE
ALBUQUERQUE,NM87107 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

INTERNATIONAL GENEROSITY FOUNDATION TRUST

1901 ULMERTON RD SUITE 400
CLEARWATER,FL33762 		NONE PUBLIC CHARITY SEC 5 FOR INSPIRING OTHERS IN GENEROSITY. 30,000

INTERNATIONAL GENEROSITY FOUNDATION TRUST

1901 ULMERTON RD SUITE 400
CLEARWATER,FL33762 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

INTERNATIONAL GENEROSITY FOUNDATION TRUST

1901 ULMERTON RD SUITE 400
CLEARWATER,FL33762 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 5,000

INTERNATIONAL JUSTICE MISSION

PO BOX 96961
WASHINGTON,DC200906961 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 6,000

INTERVARSITY CHRISTIAN FELLOWSHIP-USA

PO BOX 7895
MADISON,WI537077895 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 5,000

INTERVARSITY CHRISTIAN FELLOWSHIP-USA

PO BOX 7895
MADISON,WI537077895 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 5,000

ITALY FOR CHRIST

100 NORTH POINT CENTER EAST STE 125
ALPHARETTA,GA30022 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

KING'S ACADEMY

504 BRAMBLEWOOD DRIVE
NASHVILLE,TN37220 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 10,000

LEADERSHIP INTERNATIONAL INC

PO BOX 637
BRENTWOOD,TN37024 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 15,000

LEGACY MISSION VILLAGE

5211 LINBAR DRIVE SUITE 505
NASHVILLE,TN37211 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO FAMILIES. 5,000

LIFESPRING COMMUNITY HEALTH

1042 EAST 3RD STREETRNSUITE 200
CHATTANOOGA,TN37403 		NONE PUBLIC CHARITY SEC 5 FOR PROVIDING HEALTH SERVICES. 10,000

LIPSCOMB UNIVERSITY

ONE UNIVERSITY PARK DRIVE
NASHVILLE,TN37204 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 20,000

LOOKOUT MOUNTAIN PRESBYTERIAN CHURCH

316 N BRAGG AVENUE
LOOKOUT MOUNTAIN,TN37350 		NONE PUBLIC CHARITY SEC 5 FOR HOLISTIC COMMUNITY OUTREACH AND DEVELOPMENT. 5,000

LOOKOUT MOUNTAIN PRESBYTERIAN CHURCH

316 N BRAGG AVENUE
LOOKOUT MOUNTAIN,TN37350 		NONE PUBLIC CHARITY SEC 5 FOR HOLISTIC COMMUNITY OUTREACH AND DEVELOPMENT. 5,000

LOVE'S ARM OUTREACH MINISTRIES

PO BOX 21488
CHATTANOOGA,TN37424 		NONE PUBLIC CHARITY SEC 5 FOR RESTORATION AND REHABILITATION PROGRAMS. 10,000

LUIS PALAU ASSOCIATION

1500 NW 167TH PLACE
BEAVERTON,OR97006 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

METROPOLITAN MINISTRIES

4001 ROSSVILLE BLVD
CHATTANOOGA,TN37407 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO THE INDIGENT. 5,000

MILAGROS FOUNDATION

103 SOUTH CHURCH STREET
MCKINNEY,TX75069 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 25,000

MISSION INCREASE

12909 SOUTHWEST 68TH PARKWAY
TIGARD,OR97223 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 25,000

MISSION TO THE WORLD PCA INC

PO BOX 744165
ATLANTA,GA303744165 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 5,000

MOMENTUM NETWORK

PO BOX 3458
CHATTANOOGA,TN37404 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO FAMILIES. 15,000

MONTESSORI ELEMENTARY AT HIGHLAND PARK

PO BOX 3804
CHATTANOOGA,TN37404 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 5,000

MUSTARD TREE MINISTRIES

PO BOX 4002
CHATTANOOGA,TN37405 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO THE INDIGENT. 5,000

NATIONAL CENTER FOR YOUTH ISSUES

PO BOX 22185
CHATTANOOGA,TN374222185 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 5,000

NATIONAL CHRISTIAN CHARITABLE FOUNDATION INC

11625 RAINWATER RD SUITE 500
ALPHARETTA,GA30009 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 25,000

OC INTERNATIONAL INC

5801 NORTH UNION BLVD
COLORADO SPRINGS,CO80918 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 7,500

HEALING GRACE INTERNATIONAL

19425 SOLEDAD CANYON ROAD 147
CANYON COUNTRY,CA91351 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO FAMILIES. 30,000

OPERATION ANDREW GROUP

PO BOX 128045
NASHVILLE,TN37212 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 25,000

OPPORTUNITY INTERNATIONAL INC

PO BOX 2826
CAROL STREAM,IL60132 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 10,000

PARTNERS FOR CHRISTIAN MEDIA INC

PO BOX 24297
CHATTANOOGA,TN37422 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO FAMILIES. 5,000

PLIES

PO BOX 1273
WRIGHTWOOD,CA92397 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 5,000

PRAXIS INC

409 W 45TH ST 3RD FLOOR
NEW YORK,NY10036 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 10,000

PRECEPT MINISTRIES OF REACH OUT INC

P O BOX 182218
CHATTANOOGA,TN37422 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 15,000

REFORMED UNIVERSITY MINISTRIES

PO BOX 890004
CHARLOTTE,NC28289 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 3,000

REFUGE FOUNDATION

PO BOX 1857
BILLINGS,MT59103 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 12,000

RESTORATION SOUTHSIDE CHURCH

3146 BROAD STREET
CHATTANOOGA,TN37408 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 30,000

SHAOHANNAHS HOPE INC

PO BOX 681748
FRANKLIN,TN37068 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 50,000

SHAOHANNAHS HOPE INC

PO BOX 681748
FRANKLIN,TN37068 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 50,000

SNOWBOARDERS & SKIERS FOR CHRIST

PO BOX 2082
DILLON,TN80435 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 30,000

SPARC

PO BOX 325
HIXSON,TN37343 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

ST PAUL'S EPISCOPAL CHURCH - CHATTANOOGA

305 WEST 7TH ST
CHATTANOOGA,TN37402 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

STREET GRACE INC

5995 FINANCIAL DRIVE SUITE 180
NORCROSS,GA30071 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

THE HOUSE UNIVERSITY MINISTRIES OF CHATTANOOGA

650 MCCALLIE AVE
CHATTANOOGA,TN37403 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 15,000

THE INSTITUTE FOR WOMEN'S HEALTH

1455 PENNSYLVANIA AVE NW SUITE 400
WASHINGTON,DC20004 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

THIRD MILLENNIUM MINISTRIES

316 LIVE OAKS BLVD
CASSELBERRY,FL32707 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 25,000

TRAINING GROUND

PO BOX 49595
COLORADO SPRINGS,CO80949 		NONE PUBLIC CHARITY SEC 5 FOR LEADERSHIP DEVELOPMENT OR TRAINING. 25,000

UNTOLD

977 GRANT COVE PLACE SOUTHEAST
ATLANTA,GA30315 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 15,000

VAPOR MINISTRIES INC

338 TALLADEGA SPRINGS RD
SYLACAUGA,AL35151 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO THE INDIGENT. 12,000

VIA VERITAS INC

345 FRAZIER AVENUE SUITE 205
CHATTANOOGA,TN37405 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 5,000

WELCOME HOME OF CHATTANOOGA

PO BOX 4247
CHATTANOOGA,TN37405 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

WESTMONT COLLEGE

955 LA PAZ RD
SANTA BARBARA,CA93117 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 10,000

WEST NASHVILLE DREAM CENTER

PO BOX 92456
NASHVILLE,CO37209 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO THE INDIGENT. 250,000

WE WANT MORE INC

835 CLINTON AVENUE
BRIDGEPORT,CT06604 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

WOMEN DOING WELL INC

5806 GROVE AVENUERNSUITE 159
RICHMOND,VA23226 		NONE PUBLIC CHARITY SEC 5 FOR INSPIRING OTHERS IN GENEROSITY. 10,000

YOUNG LIFE CHATTANOOGA

P O BOX 5184
HARLAN,IA515930684 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 30,000

YOUNG LIFE CHATTANOOGA

P O BOX 5184
HARLAN,IA515930684 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 5,000

YOUNG LIFE CHATTANOOGA

P O BOX 5184
HARLAN,IA515930684 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 30,000

YOUTH FOR CHRIST INTERNATIONAL MINISTRIES

P O BOX 4555
ENGLEWOOD,CO801554555 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 10,000
Total .................................right arrow 3a 2,537,500
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    
4 Dividends and interest from securities ....     14 351,508 252
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 .....     14 97,826  
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 709 18 -8,208  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aUNRELATED BUSINESS INCOME 		525990 65,972      
bPARTNERSHIPS ORDINARY INCOME     14 7,398  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 66,681 448,524 252
13Total. Add line 12, columns (b), (d), and (e)..................
13
515,457
(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.)
7 TAX EXEMPT INCOME FROM PASSTHROUGH INVESTMENTS
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 16,500 8,250   0

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

TY 2023 GainLossSaleOtherAssetsSch
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
UNRELATED BUSINESS INCOME SHORT-TERM CAPITAL GAINS FROM PARTNERSHIPS   PURCHASED     69   COST 0 69  
UNRELATED BUSINESS INCOME SHORT-TERM CAPITAL GAINS FROM PARTNERSHIPS   PURCHASED     640   COST 0 640  

TY 2023 GeneralExplanationAttachment
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Identifier Return Reference Explanation
DONOR ADVISED FUNDS FORM 990-PF, PART VII-A, LINE 12 CONTRIBUTIONS TOTALING $788,000 WERE MADE BETWEEN JULY 1, 2023 AND JUNE 30, 2024 TO A DONOR ADVISED FUND AT CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION (DBA THE GENEROSITY TRUST), EIN# 62-1536731; WITH $788,000 BEING DISTRIBUTED IN THE SAME FISCAL YEAR. THE TRUST RETAINED ADVISORY PRIVILEGES. CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION ("CCCF") IS A SECTION 509(A)(1) ORGANIZATION AS REFERRED TO IN SECTION 170(B)(1)(A)(VI). THE ENTIRE AMOUNT WAS TREATED AS A QUALIFYING DISTRIBUTION IN PART XV, LINE 3, CONTRIBUTIONS, GIFTS, GRANTS PAID (STATEMENT #16). THE DONOR-ADVISED FUND AGREEMENT BETWEEN THE HUGH AND CHARLOTTE MACLELLAN CHARITABLE TRUST AND CCCF INCLUDES THE FOLLOWING:"CCCF SHALL RECEIVE, REVIEW AND CONSIDER WRITTEN RECOMMENDATIONS FROM THE COMMITTEE CONCERNING GRANTS MADE FROM THE FUND AND ANY CONDITIONS WHICH SHOULD BE PLACED UPON SUCH GRANTS. THE FINAL DECISION CONCERNING SUCH MATTERS SHALL BE MADE BY THE BOARD OF DIRECTORS OF CCCF.""NO INCOME OR PRINCIPAL OF THE FUND SHALL BE USED FOR ANY PURPOSE OR PAID TO ANY BENEFICIARY IF SUCH USE OR PAYMENT WOULD NOT BE PERMITTED BY THE INTERNAL REVENUE CODE (THE "CODE") OR REGULATIONS THEREUNDER FOR AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE, TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE CODE."

TY 2023 InvestmentsCorpStockSchedule
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Name of Stock End of Year Book Value End of Year Fair Market Value
FRANCIS MEDICAL 8110 SHARES COMMON STOCK 269,001 8,110
UBS 3556 157,527 184,015
UBS 4301 177,035 187,224
UBS 5653 183,992 190,552
UBS 5654 286,029 303,107
UBS 5656 513,218 684,353
UBS 5657 235,043 265,775
UBS 5658 566,053 577,655
UBS 5659 275,371 251,942
UBS 5817 456,405 561,370
UBS 6394 468,997 470,145
UBS C0045 192,988 227,201

TY 2023 InvestmentsOtherSchedule2
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AD FUND I, A SERIES OF PATHBREAKER SPV, LP AT COST 1,485,249 0
AERIAL BIOPHARMA, LLC AT COST 394,457 0
ARRIVO BIOVENTURES, LLC AT COST 300,101 1,404,220
BI FUND I, A SERIES OF PATHBREAKER SPV, LP2 AT COST 50,432 767,914
BOW RIVER CAPITAL 2017-QP FUND, LP AT COST 195,276 50,432
C-III RECOVERY FUND II LP AT COST 0 201,011
DE FUND I, A SERIES OF PATHBREAKER SPV, LP AT COST 385,161 0
DYNAMO FUND I, LP AT COST 400,783 2,856,355
DYNAMO FUND II, LP AT COST 324,510 532,284
DYNAMO OPPORTUNITY FUND I, LP AT COST 12,685 682,801
DYNAMO SVT ROBOTICS SPV II, LLC AT COST 202,383 12,407
DYNAMO-GATIK LLC AT COST 59,118 89,122
DYNAMO-SKUPOS, LLC2 AT COST 100,265 59,593
DYNAMO-STORD SPV II, LLC AT COST 37,670 416,362
DYNAMO-VECTOR, LLC AT COST 198,223 57,187
ESO VENTURE FUND V, LP AT COST 116,742 252,440
FR FUND I, A SERIES OF PATHBREAKER SPV II, LP AT COST 8,110 116,742
FULCRUM GROWTH FUND III QP, LLC AT COST 813,060 502,401
GOLUB CAPITAL PARTNERS INTERNATIONAL II, LP AT COST 283,647 1,780,922
GOODWATER CAPITAL IV L.P. AT COST 402,144 258,505
GOODWATER INFINITY II, LP AT COST 76,091 417,114
GR FUND I, A SERIES OF PATHBREAKER SPV II, LP AT COST 207,635 76,091
H20EY AT COST 504,617 212,529
H2OEY VENTURES II, LLC AT COST 380,714 510,000
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND AT COST 51,349 4,181
HY FUND III, A SERIES OF PATHBREAKER SPV, LP AT COST 100,185 50,328
IR B FUND, A SERIES OF PATHBREAKER SPV, LP AT COST 50,057 0
IR C, A SERIES OF PATHBREAKER SPV, LP AT COST 35,493 0
IR-1027 FUND IV, A SERIES OF PATHBREAKER SPV, LP AT COST 55,925 35,827
IRON OX CN STAR, LP AT COST 100,000 7,552
KERN CAPITAL LLC AT COST 25,000 100,000
KERN DIAGNOSTICS LLC AT COST 1,471 21,645
KERN MEDICAL IV, LLC AT COST 100,000 0
KERN ODYSSEUS LLC AT COST 200,742 100,000
KNOPP BIOSCIENCES LLC AT COST 15,255 1,856,250
MIDNIGHT PHARMA, LLC AT COST 200,927 55,590
NEXGEN VENTURES FUND II, LP AT COST 100,638 276,839
ON FUND I, A SERIES OF PATHBREAKER SPV, LP AT COST 50,269 253,380
ON FUND II, A SERIES OF PATHBREAKER SPV, LP AT COST 75,508 50,269
OR FUND I, A SERIES OF PATHBREAKER SPV, LP AT COST 385,333 75,509
PATHBREAKER VENTURES FUND II LP AT COST 497,819 657,596
PORTFOLIO ADVISORS SECONDARY FUND III, L.P. AT COST 21,916 746,756
RA CAPITAL HEALTHCARE FUND, LP AT COST 428,996 39,420
RELEVANCE CAPITAL III LP AT COST 772,145 839,359
RESOLUTE CAPITAL PARTNERS FUND IV, L.P. AT COST 0 1,068,188
RESOURCE LAND FUND, III, LLC AT COST 616,366 0
RIVER VII AT COST 89,135 1,039,378
RIVER VIII, L.P. AT COST 75,111 113,935
RU FUND III, A SERIES OF PATHBREAKDER SPV, LP AT COST 500,655 0
SATURN FIVE FRONTIER I LLC AT COST 108,754 631,440
SI FUND III, A SERIES OF PATHBREAKER SPV, LP AT COST 52,136 114,118
SI FUND IV, A SERIES OF PATHBREAKER SPV II, LP AT COST 413,328 50,254
SIGNIA VENTURE PARTNERS III, LP AT COST 100,970 427,303
TO FUND I, A SERIES OF PATHBREAKER SPV, LP AT COST 358,630 209,482
VALOR OPPORTUNITY FUND I LP AT COST 195,648 419,970
VALOR OPPORTUNITY FUND II, LP AT COST 449,889 200,070
VALOR VENTURE FUND II LP AT COST 510,537 2,737,770
VALOR VENTURE FUND III LP AT COST 306,325 861,763
VALOR VENTURE FUND IV, L.P. AT COST 0 342,683
NORTH AVENUE CAPITAL EQUITY AT COST 3,587 66,382
RIVER VI, L.P. AT COST 0 5,238
RITCHIE ENERGY, LLC AT COST 0 23,299

TY 2023 OtherAssetsSchedule
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
RECEIVABLE - TAX WITHHELD FULCRUM 16,636 0 0


TY 2023 OtherExpensesSchedule
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PORTFOLIO DEDUCTIONS THROUGH PARTNERSHIPS 279,937 279,937   0
INVESTMENT INTEREST THROUGH PARTNERSHIPS 39,957 39,957   0
OTHER PARTNERSHIP DEDUCTIONS 14,861 14,861   0
NON DEDUCTIBLE EXPENSES THROUGH PARTNERSHIPS 4,930 0   0
OFFICE EXPENSE REIMBURSEMENTS 55,684 23,825   31,859
BANK CHARGE & WIRE FEE 2,571 1,928   643
TECHNOLOGY FEES 750 375   375
INSURANCE 4,742 0   4,742


TY 2023 OtherIncomeSchedule2
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIPS ROYALTIES 54 54 54
OTHER MISC INCOME 239 239 239
PARTNERSHIPS OTHER PORTFOLIO INC 94,440 94,440 94,440
PARTNERSHIPS OTHER INCOME 3,093 3,093 3,093
UNRELATED BUSINESS INCOME 65,972 0 65,972
PARTNERSHIPS ORDINARY INCOME 7,398 7,398 7,398


TY 2023 OtherProfessionalFeesSchedule
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 24,912 24,912   0


TY 2023 TaxesSchedule
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD FROM INCOME 4,230 4,230   0
FOREIGN TAX WITHHELD THROUGH PARTNERSHIPS 933 933   0