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
Lyndhurst Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)517 E Fifth Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chattanooga, TN37403
A Employer identification number

62-6044177
B Telephone number (see instructions)

(423) 756-0767
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$154,165,372J 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... 2,371,015 2,371,015 2,371,015
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,140,201
b Gross sales price for all assets on line 6a 9,140,201
7 Capital gain net income (from Part IV, line 2)... 9,140,201
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
-942,631 -1,177,310 -942,631
12 Total. Add lines 1 through 11........ 10,568,585 10,333,906 1,428,384
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 339,267 67,853 0 271,414
14 Other employee salaries and wages...... 667,416 58,337 0 609,079
15 Pension plans, employee benefits....... 95,729 0 0 95,729
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,404 0 0 2,404
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
10,109 8,445 0 1,664
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
152,063 0 0 367
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
40,224 0 40,224
20 Occupancy..............        
21 Travel, conferences, and meetings....... 38,401 0 0 38,401
22 Printing and publications.......... 320 0 0 320
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
419,142 0 0 419,141
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,765,075 134,635 40,224 1,438,519
25 Contributions, gifts, grants paid....... 6,974,153 6,974,153
26 Total expenses and disbursements. Add lines 24 and 25 8,739,228 134,635 40,224 8,412,672
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,829,357
b Net investment income (if negative, enter -0-) 10,199,271
c Adjusted net income (if negative, enter -0-)... 1,388,160
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.............      
2 Savings and temporary cash investments......... 4,626,732 951,564 951,564
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).......      
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).......... 117,697,142 Click to see attachment
List of Attached Documents:
// Content
118,390,342 		147,569,705
14 Land, buildings, and equipment: basis right arrow1,606,344
Less: accumulated depreciation (attach schedule) right arrow1,207,734 433,498 Click to see attachment
List of Attached Documents:
// Content
398,610 		398,610
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
398,374 		Click to see attachment
List of Attached Documents:
// Content
5,245,493 		Click to see attachment
List of Attached Documents:
// Content
5,245,493
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 123,155,746 124,986,009 154,165,372
Liabilities 17 Accounts payable and accrued expenses.......... 2,167 3,073
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)......... 2,167 3,073
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........ 126,103,542 123,153,579
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds -2,949,963 1,829,357
29 Total net assets or fund balances (see instructions)..... 123,153,579 124,982,936
30 Total liabilities and net assets/fund balances (see instructions). 123,155,746 124,986,009
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
123,153,579
2
Enter amount from Part I, line 27a .....................
2
1,829,357
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
124,982,936
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
124,982,936
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 Gain fr Managed Investment P 2015-07-01 2024-12-15
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 9,140,201     9,140,201
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       9,140,201
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 9,140,201
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 141,770
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........................... 3 141,770
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- ..... 5 141,770
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 154,603
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 133,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 287,603
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 10 145,833
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow145,833 Refundedright arrow 11 0
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$ 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, DE
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 arrowwww.lyndhurstfoundation.org
14
The books are in care ofright arrowFoundation Officer - President Telephone no.right arrow (423) 756-0767

Located atright arrow517 East Fifth StChattanoogaTN ZIP+4right arrow37403
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 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
Tom White Chairman of the Board
2.00 		0 0 0
517 East Fifth Street
Chattanooga,TN37403
Dana B Perry Trustee
2.00 		0 0 0
517 East Fifth Street
Chattanooga,TN37403
Andrew Carroll Trustee
2.00 		8,000 0 0
517 East Fifth Street
Chattanooga,TN37403
Melony Collins Trustee
2.00 		4,000 0 0
517 East Fifth Street
Chattanooga,TN37403
Carter Newbold Trustee
2.00 		0 0 0
517 East Fifth Street
Chattanooga,TN37403
Aaron Webb Trustee
2.00 		6,000 0 0
517 East Fifth Street
Chattanooga,TN37403
Ann Coulter Trustee
2.00 		3,000 0 0
517 East Fifth Street
Chattanooga,TN37403
Curtis L Collier Trustee
2.00 		0 0 0
517 East Fifth Street
Chattanooga,TN37403
Rachel Schulson trustee
2.00 		500 0 0
517 East Fifth Street
Chattanooga,TN37403
Benic M Clark III President and Treasurer
40.00 		317,767 31,286 0
517 East Fifth Street
Chattanooga,TN37403
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
Macon C Toledano Associate Director
40.00 		257,112 25,376 0
517 East Fifth Street
Chattanooga,TN37403
Kathleen E Nolte Program Officer
40.00 		147,095 14,127 0
517 East Fifth Street
Chattanooga,TN37403
Nena F Powell Controller
40.00 		145,842 14,181 0
517 East Fifth Street
Chattanooga,TN37403
Sarah C Cox Executive Assistant
40.00 		107,754 10,759 0
517 East Fifth Street
Chattanooga,TN37403
Total number of other employees paid over $50,000...................right arrow 0
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 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 (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
146,553,699
b
Average of monthly cash balances.......................
1b
1,986,734
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
148,540,433
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
148,540,433
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,228,106
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
146,312,327
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,315,616
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
7,315,616
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
141,770
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
9,926
c
Add lines 2a and 2b............................
2c
151,696
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,163,920
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
7,163,920
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
7,163,920
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
8,412,672
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
8,412,672
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 7,163,920
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 816,270
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 8,412,672
a Applied to 2023, but not more than line 2a 816,270
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 2024 distributable amount..... 7,163,920
e Remaining amount distributed out of corpus 432,482
5 Excess distributions carryover applied to 2024. 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 5 432,482
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
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) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		432,482
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 432,482
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).)
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:
Benic M Clark III
517 East Fifth Street
Chattanooga,TN37403
(423) 756-0767
bThe form in which applications should be submitted and information and materials they should include:
Application guidelines are listed on the foundation's website at www.lyndhurstfoundation.org.
cAny submission deadlines:
Proposal deadlines are March 31, June 30, September 30, and December 31.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Unsolicited proposals are not eligible for consideration.
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

A Step Ahead Foundation

PO Box 4212
Chattanooga,TN37405 		  PC Health Services and Improved Database Capacity 75,000

ALS Association

989 W Randolph Ste 2W
Chicago,IL60607 		  PC LH Associates matching program 200

Alzheimer's Association

5008 Dellwood Drive
Rossville,GA30741 		  PC LH Associates matching program 200

American Cancer Society - Relay for Life

167 Ham Dr NE
Cleveland,TN37203 		  PC LH Associates matching program 1,566

Architects Foundation

1735 New York Ave NW
Washington,DC20006 		  PC Chattanooga Hip Hop Architecture Camp 30,200

Art 120

1204 Sunset Drive
Signal Mountain,TN37377 		  PC We Make Program 40,000

ArtsBuild

301 East 11th Street Suite 300
Chattanooga,TN37403 		  PC LH Associates matching program 600

ArtsBuild

301 East 11th Street Suite 300
Chattanooga,TN37403 		  PC Advocacy, Art + Climate, Make Music Day, Feasibility Study 140,000

ArtsBuild

301 East 11th Street Suite 300
Chattanooga,TN37403 		  PC General Operating Support 170,000

Assn for Visual Arts

30 Frazier Avenue Suite A
Chattanooga,TN37405 		  PC AVA @ the InCubator 20,000

Athens Area Council for the Arts

320 N White St
Athens,TN373033504 		  PC Placemaking Mural 70,000

Austin Hatcher Foundation

1705 Holtzclaw Ave
Chattanooga,TN37404 		  PC LH Associates matching program 3,000

Austin Hatcher Foundation

1705 Holtzclaw Ave
Chattanooga,TN37404 		  PC Capital Improvements for access to Montague Park 125,000

Be The Change Youth Initiative

1509 E 14th Street
Chattanooga,TN37404 		  PC General Operating Support 30,000

Beloved Woman

700 Pine St
Chattanooga,TN37402 		  PC Eastside Expansion of Programs 10,000

Bessie Smith Cultural Center

200 E Martin Luther King Boulevard
Chattanooga,TN374016126 		  PC Big 9 Music Festival 10,000

Big Brothers Big Sisters of Chattanooga

2015 Bailey Ave
Chattanooga,TN37404 		  PC LH Associates matching program 525

Big Sur Land Trust

PO Box 4071
Monterey,CA93942 		  PC LH Associates matching program 108

Blue Ridge Parkway

717 S Marshall St Ste 105B
WinstonSalem,NC27101 		  PC LH Associates matching program 103

Boule Foundation

260 Peachtree St NW Ste 1604
Atlanta,GA30303 		  PC LH Associates matching program 1,500

CALEB

2901 Taylor St Ste 100
Chattanooga,TN37406 		  PC To match LH Associates contributions 100

CHA Charitable Benefit Corporation

801 North Holtzclaw Ave
Chattanooga,TN37404 		  SO 1 Westside Evolves Phase 1 Housing Development 750,000

Chambliss Center for Children

315 Gillespie Road
Chattanooga,TN37411 		  PC Building Futures Campaign 100,000

Chatt Area Food Bank

2009 Curtain Pole Road
Chattanooga,TN374062306 		  PC To match LH Associates contributions 100

Chatt Audubon Society Inc

900 North Sanctuary Rd
Chattanooga,TN37421 		  PC Capital Support - Repairs to Walker Hall 115,000

Chatt Design Studio

850 Market St Ste 206
Chattanooga,TN37402 		  PC Fountain Square Missing Middle Building Prototype 10,000

Chatt Design Studio

850 Market St Ste 206
Chattanooga,TN37402 		  PC 2024 City Center Planning Study 250,000

Chatt Design Studio

850 Market St Ste 206
Chattanooga,TN37402 		  PC Montague Park Planning Process 325,000

Chatt Design Studio

850 Market St Ste 206
Chattanooga,TN37402 		  PC Design Your Neighborhood 2024-2025 12,500

Chatt Design Studio

850 Market St Ste 206
Chattanooga,TN37402 		  PC CIVIQ Speaker Series 2024-2025 43,000

Chatt Design Studio

850 Market St Ste 206
Chattanooga,TN37402 		  PC Study - Optimizing Downtown Streets for People 236,500

CHATT Foundation (fka Community Kitche

PO Box 11203
Chattanooga,TN374012203 		  PC "A Seat at Our Table" Capital Campaign 50,000

Chatt Girls Ldrship Academy

PO Box 3859
Chattanooga,TN37404 		  PC To match LH Associates contributions 1,000

Chatt Neighborhoods Arts Partnership

351 Derby Circle
Chattanooga,TN374042712 		  PC Chattanooga Festival of Black Arts & Ideas 20,000

Chatt State Comm Fdn

4501 Amnicola Highway
Chattanooga,TN37406 		  PC To match LH Associates contributions 1,000

Chatt Symphony & Opera

701 Broad Street
Chattanooga,TN37402 		  PC General Operating Support 30,000

Chatt Zoo

301 North Holtclaw Avenue
Chattanooga,TN37404 		  PC Promoting Equity and Diversity in Zoos 25,000

Chattanooga Ballet

817 North Market Street
Chattanooga,TN37405 		  PC General Operating Support 50,000

Chattanooga Boys Choir

700B Pine Street
Chattanooga,TN374021714 		  PC General Operating Support 25,000

Chattery

1624 East 13th St
Chattanooga,TN37404 		  PC General Operating Support 60,000

Chattery

1624 East 13th St
Chattanooga,TN37404 		  PC Emergency Funding 7,750

City of Chatt-Public Works

Department of Public Works
Chattanooga,TN37402 		  GOV Urban Forestry Plan (Phase 3) 70,000

City of Chatt-Transportation Dept

Transportation Department
Chattanooga,TN37402 		  GOV East 14th St Greenway and Bicycle Boulevard 200,000

City of LaFayette

207 South Duke Street
LaFayette,GA30728 		  GOV Farmers Market Pavilion 50,000

Cleveland Bradley Regional Museum5pts

200 Inman Street East
Cleveland,TN37311 		  PC General Operating Support 40,000

CNE

1500 Chestnut Street Suite 102
Chattanooga,TN37408 		  PC CNE Money School 2024 10,000

CNE

1500 Chestnut Street Suite 102
Chattanooga,TN37408 		  PC Missing Middle Housing Expansion in Oak Grove 500,000

CNE

1500 Chestnut Street Suite 102
Chattanooga,TN37408 		  PC Creating Healthy Neighborhoods: CNE Homes and Missing Middle Housing 225,000

Community Fdn of Gr Chatt

1400 Williams Street
Chattanooga,TN37408 		  PC To match LH Associates contributions 3,120

Crabtree Farms

1000 E 30th St
Chattanooga,TN37407 		  PC To match LH Associates contributions 100

Creative Discovery Museum

PO Box 6339
Chattanooga,TN37402 		  PC Namaste India Exhibition 40,000

Erlanger Health System Foundations

975 East 3rd Street
Chattanooga,TN37403 		  PC Expansion of Telehealth Services 35,000

EWI - Chatt BCDP

PO Box 11522
Chattanooga,TN37401 		  PC To match LH Associates contributions 6,847

Executive Women Int'l BCDP Corporate

PO Box 1933
Grand Rapids,MI49501 		  PC To match LH Associates contributions 500

Fellowship of Christian Athletes

PO Box 280
Rock Springs,GA30739 		  PC To match LH Associates contributions 200

Friends of Outdoor Chattanooga

200 River Street
Chattanooga,TN37405 		  PC To match LH Associates contributions 1,000

Friends of Outdoor Chattanooga

200 River Street
Chattanooga,TN37405 		  PC National Park City 10,000

Friends of SouCumberland State Park

PO Box 816
Sewanee,TN37375 		  PC To match LH Associates contributions 1,000

Friends of the Cherokee National Forest

822 Westborough Rd
Knoxville,TN37909 		  PC Hiwassee River Blueway Proj and Gen Oper Support 60,000

GA-Alabama Land Trust

226 Old Ladiga Road
Piedmont,AL36272 		  PC To match LH Associates contributions 1,000

Gamma Pi Boule Foundation

PO Box 11396
Chattanooga,TN37401 		  PC To match LH Associates contributions 1,000

Girls Inc of Chattanooga

4505 Brainerd Rd Ste 110
Chattanooga,TN37411 		  PC To match LH Associates contributions 100

Girls Inc of Chattanooga

4505 Brainerd Rd Ste 110
Chattanooga,TN37411 		  PC Outdoor Girl Summer Camp - 2024 20,000

greenspaces

63 East Main Street
Chattanooga,TN374081317 		  PC General Operations 2024 75,000

Harvard Club of NY Historical Fdn Inc

35 West 44th St
New York,NY100366645 		  PC To match LH Associates contributions 100

Harvard Magazine

PO Box 414946
Boston,MA022414946 		  PC To match LH Associates contributions 60

Harvard University

124 Mount Auburn St 4th floor
Cambridge,MA021385795 		  PC To match LH Associates contributions 100

Help Right Here

PO Box 3601
Chattanooga,TN37404 		  PC To match LH Associates contributions 100

Help Right Here

PO Box 3601
Chattanooga,TN37404 		  PC General Operations 2024 20,000

Houston Museum of Decorative Arts

201 High St
Chattanooga,TN37403 		  PC Capital Campaign - Building Renovations 50,000

John C Campbell Folk School

One Folk School Road
Brasstown,NC28902 		  PC To match LH Associates contributions 1,000

La Paz Chattanooga

PO Box 3058
Chattanooga,TN37404 		  PC General Operating Support 100,000

Land Trust for Tennessee

PO Box 41027
Nashville,TN37204 		  PC General Operating Support - SE Regional Office 75,000

LAUNCH

PO Box 903
Chattanooga,TN37401 		  PC General Operations 2024 100,000

Lookout Mountain Conservancy

PO Box 76
Lookout Mountain,TN373500076 		  PC To match LH Associates contributions 50

Lookout Mountain Conservancy

PO Box 76
Lookout Mountain,TN373500076 		  PC Rockmont Park Parking Lot Improvements 75,000

Lula Lake Land Trust

PO Box 395
Lookout Mountain,TN30750 		  PC To match LH Associates contributions 1,350

Main Street Athens

3 West College St
Athens,TN373710531 		  PC Kitchen Incubator and Outdoor Dining Experience 50,000

McCallie School

500 Dodds Ave
Chattanooga,TN37404 		  PC To match LH Associates contributions 14,000

McKamey Animal Shelter

4500 N Access Rd
Chattanooga,TN37415 		  PC MAC C.A.R.E.S. Center Support 2024-2025 50,000

Metropolitan Ministries

4001 Rossville Blvd
Chattanooga,TN37407 		  PC Food for Health 75,000

Miracle League of Chattanooga Inc

PO Box 5814
Chattanooga,TN37406 		  PC Purchase of Uniforms and Equipment 5,250

Montessori Elementary Highland Park

PO Box 3804
Chattanooga,TN37404 		  PC To match LH Associates contributions 1,000

National Park Partners

PO Box 748
Chattanooga,TN37401 		  PC Archeo-Geophysical Magnetometer Surv-Mocc Bend Peninsula 10,000

Nature Conservancy AL

3700 1st Avenue North
Birmingham,AL35222 		  PC David Johnson Farm Conservation Project 75,000

Nature Conservancy TN

2 Maryland Farms Ste 150
Brentwood,TN37027 		  PC Protecting the Cradle of Southern Appalachia 75,000

Normal Park Museum Magnet Educ Fund

1219 West Mississippi Ave
Chattanooga,TN37405 		  PC Spark Spots 10,000

Performing Arts League Inc

PO Box 4389
Chattanooga,TN37405 		  PC General Operating Support 15,000

Philanthropy Southeast

100 Peachtree Street Suite 2080
Atlanta,GA30303 		  PC 2024 Annual Meeting Sponsorship 5,000

Pilgrim Congregational Church

400 Glenwood Drive
Chattanooga,TN37404 		  PC To match LH Associates contributions 4,800

Pop-Up Project

1602 Arapaho Dr
Chattanooga,TN37379 		  PC General Operating Support 60,000

Preserve Chatt

1400 Market St Ste 100
Chattanooga,TN37402 		  PC Preservation Plan and Additional Staff 2024-2025 80,000

Public Education Fdn

1651 S Holtzclaw Ave Ste 201
Chattanooga,TN37404 		  PC Creative Connect 150,000

Reflection Riding Arboretum & Nature Ctr

400 Garden Rd
Chattanooga,TN37419 		  PC To match LH Associates contributions 60

Reflection Riding Arboretum & Nature Ctr

400 Garden Rd
Chattanooga,TN37419 		  PC Thomas Dambo Troll proposal 7,000

Rhyme N Chatt

2321 David Circle
Chattanooga,TN37421 		  PC General Operating Support 12,000

RISE Chattanooga

108 Woodlawn Drive
Chattanooga,TN374113529 		  PC General Operating Support 75,000

River City Company

850 Market Street
Chattanooga,TN37402 		  SO II Hawk Hill Renderings and Economic Impact Study 35,000

River City Company

850 Market Street
Chattanooga,TN37402 		  SO II Design Dev'l Riverfront Park at Ross' Landing 200,000

River City Company

850 Market Street
Chattanooga,TN37402 		  SO II Animating Downtown - Emerging Producers 37,500

Rossville High School Alumni Association

PO Box 1001
Rossville,GA30741 		  PC To match LH Associates contributions 120

Scenic City Clay Arts

301 E 11th St Ste 100
Chattanooga,TN374034210 		  PC General Operating Support 42,500

Second Missionary Baptist Church

2305 E 3rd St
Chattanooga,TN37404 		  PC To match LH Associates contributions 1,500

Sewanee-University of the South

735 University Ave
Sewanee,TN37383 		  PC To match LH Associates contributions 15,000

Signal Centers

109 North Germantown Road
Chattanooga,TN37411 		  PC To match LH Associates contributions 600

Signal Centers

109 North Germantown Road
Chattanooga,TN37411 		  PC General Operations for the Hart Gallery 20,000

SKIRTS

801 Dodds Ave
Chattanooga,TN37404 		  PC To match LH Associates contributions 4,000

SORBA - Chatt Chapter

PO Box 5836
Chattanooga,TN37406 		  PC Staffing Expenses 50,000

Sou Cumberland Community Foundation

322 West Main St
Monteagle,TN37356 		  PC To match LH Associates contributions 2,000

SoundCorps

2901 Taylor St Ste 300
Chattanooga,TN37406 		  PC General Operations 20,000

Splash

1814 Wheeler Avenue
Chattanooga,TN37406 		  PC General Operating Support 45,000

Stove Works

736 Market St Ste 1400
Chattanooga,TN37402 		  PC To match LH Associates contributions 75

TennGreen Land Conservancy

1213A 16th Ave South
Nashville,TN37212 		  PC Conserving Land within the Cradle of Southern Appalachia 50,000

Thankful Memorial Episcopal Church

PO Box 2274
Chattanooga,TN37409 		  PC To match LH Associates contributions 2,000

The Generosity Trust

345 Frazier Ave Unit 205
Chattanooga,TN37405 		  PC To match LH Associates contributions 9,900

Thrive Regional Ptnrsship Inc

832 Georgia Ave Ste 420
Chattanooga,TN37402 		  PC "My Thriving Garden" Project 25,000

Thrive Regional Ptnrsship Inc

832 Georgia Ave Ste 420
Chattanooga,TN37402 		  PC "My Thriving Garden" Project 10,000

Thrive Regional Ptnrsship Inc

832 Georgia Ave Ste 420
Chattanooga,TN37402 		  PC Natural Treasures Alliance 75,000

Thrive Sequatchie

PO Box 1653
Dunlap,TN37327 		  PC 2024 Cycle Sequatchie Farmers Feast and Oktoberfest 15,000

Tivoli Theatre Foundation

399 McCallie Ave
Chattanooga,TN37402 		  PC Gap Funding for Construction - Performing Arts Center 200,000

TN River Gorge Trust

1214 Dartmouth Street
Chattanooga,TN37405 		  PC To match LH Associates contributions 1,000

TN State Parks Conservancy

PO Box 121884
Nashville,TN37212 		  PC Empowering Underserved Youth Through Parks 59,000

TN State University Foundation

3500 John A Merritt Blvd
Nashville,TN37209 		  PC To match LH Associates contributions 16,000

Trust for Public Land-TN Office

PO Box 3240
Chattanooga,TN37404 		  PC Purchase of "Vinson" Property and Capitalize RLAF 250,000

Trust for Public Land-TN Office

PO Box 3240
Chattanooga,TN37404 		  PC Welcoming Places Program 50,000

Trust for Public Land-TN Office

PO Box 3240
Chattanooga,TN37404 		  PC East Line Rail Feasibility Study Phase 2 100,000

Trust for Public Land-TN Office

PO Box 3240
Chattanooga,TN37404 		  PC Clifton Hills Alton Park Thread Trail predevelopment 75,000

Trust for Public Land-TN Office

PO Box 3240
Chattanooga,TN37404 		  PC Chatt Community Schoolyards Prog - Hardy Elementary 25,000

United Way of Gr Chatt

PO Box 4027
Chattanooga,TN374050027 		  PC To match LH Associates contributions 10,000

Univ of Chattanooga Foundation

615 McCallie Avenue Dept 6806
Chattanooga,TN37403 		  PC To match LH Associates contributions 100

Univ of Georgia Foundation

One Press Place Ste 101
Athens,GA30601 		  PC To match LH Associates contributions 1,160

Univ of Georgia Foundation

One Press Place Ste 101
Athens,GA30601 		  PC To match LH Associates contributions 500

Univ of Georgia Foundation

One Press Place Ste 101
Athens,GA30601 		  PC Steven Duncan Cox Scholarship Fund 25,000

Univ of North Carolina

PO Box 309
Chapel Hill,NC275140309 		  PC To match LH Associates contributions 800

Walker Co African Amer Hist Alumni Assoc

PO Box 1695
Lithonia,GA300581010 		  PC Walker Co African Amer Memorial & Community Park 50,000

Whitwell High School

200 Tiger Trail
Whitwell,TN37397 		  PC To match LH Associates contributions 200

Wild Ones Natural Landscapes Ltd

c/o 1909 Windy Oaks Lane
Hixson,TX37343 		  PC Seeds for Education 10,000

Women's Fund of GrChatt

5715 Uptain Rd Ste 300
Chattanooga,TN37411 		  PC To match LH Associates contributions 3,239

WTCIPBS

7540 Bonnyshire Drive
Chattanooga,TN37416 		  PC To match LH Associates contributions 120

WUTC FM881 - NPR

540 McCallie Avenue Dept 1151
Chattanooga,TN37402 		  PC To match LH Associates contributions 120

Yes Magazine

PO Box 1219
Poulsbo,WA98370 		  PC To match LH Associates contributions 30

YMCA of Metropolitan Chattanooga

301 West 6th Street
Chattanooga,TN37402 		  PC Teaching Kitchen 50,000
Total .................................right arrow 3a 6,974,153
bApproved for future payment

Access & Equity
Various locations
Chattanooga,TN37403 		  PC To support future grants approved by trustees 865,000

Arts & Culture
Various locations
Chattanooga,TN37403 		  PC To support future grants approved by trustees 670,000

Conservation Parks & Recreation
Various locations
Chattanooga,TN37403 		  PC To support future grants approved by trustees 670,000

Urban Design
various locations
Chattanooga,TN37403 		  PC To support future grants approved by trustees 251,000
Total ................................. right arrow 3b 2,456,000
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 ........... 		         
4 Dividends and interest from securities ....     14 2,371,015  
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 9,140,201  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPass-Through Ord Loss-Mgd Investments 		    14 -1,177,310  
bUBTI Investments 900001 241,334      
cMisc Income     14    
dND Costs     14 -6,655  
e
12 Subtotal. Add columns (b), (d), and (e) .. 241,334 10,327,251 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
10,568,585
(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
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Form 990-PF (2024)
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TY 2024 DepreciationSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
Burt House - Bldg Cost (Before Restoration) 1995-01-01 160,080 116,058 SL 40.000000000000 4,002 0 4,002  
Land - Lyndhurst Park 1995-01-01 15,225   NC 0 % 0 0 0  
1995 Burt House Renovation 1995-01-01 820,220 590,252 SL 40.000000000000 20,505 0 20,505  
1996 Burt House Renovation 1996-02-15 121,337 84,190 SL 40.000000000000 3,033 0 3,033  
1998 Burt House Improvements 1998-05-01 1,084 695 SL 40.000000000000 27 0 27  
1999 Burt House Improvements 1999-01-15 4,069 4,069 SL 15.000000000000 0 0 0  
2000 Burt House Improvements 2000-10-31 133,550 77,345 SL 40.000000000000 3,338 0 3,338  
2001 Burt House Improvements 2001-01-12 3,799 2,185 SL 40.000000000000 95 0 95  
2006 Burt House Improvements 2006-05-31 5,633 5,633 SL 15.000000000000 0 0 0  
2007 Burt House Improvements 2007-06-12 14,846 14,846 SL 15.000000000000 0 0 0  
2009 Burt House Improvements 2009-03-13 1,995 1,973 SL 15.000000000000 22 0 22  
2012 Burt House Improvements 2012-07-18 15,444 12,842 SL 15.000000000000 1,030 0 1,030  
2013 Burt House Improvements 2013-08-26 8,026 5,529 SL 15.000000000000 535 0 535  
2020 Burt House Improvements 2020-12-14 726 321 SL 7.000000000000 104 0 104  
2021 Burt House Improvements 2021-01-22 3,211 1,338 SL 7.000000000000 459 0 459  
2022 Burt House Improvements 2022-04-28 19,098 795 SL 40.000000000000 477 0 477  
Prior 2015 Furniture & Fixtures 2014-11-21 124,625 124,625 SL 7.000000000000 0 0 0  
2015 Furniture & Fixtures 2015-03-31 8,542 8,542 SL 7.000000000000 0 0 0  
2016 Furniture & Fixtures 2016-01-01 546 546 SL 7.000000000000 0 0 0  
2017 Furniture & Fixtures 2017-07-01 2,177 2,177 SL 5.000000000000 0 0 0  
2017 Furniture & Fixtures 2017-07-05 12,623 11,635 SL 7.000000000000 988 0 988  
2018 Furniture & Fixtures 2018-11-26 620 620 SL 5.000000000000 0 0 0  
2018 Furniture & Fixtures 2018-11-28 590 427 SL 7.000000000000 84 0 84  
2019 Furniture & Fixtures 2019-04-26 21,668 20,161 SL 5.000000000000 1,507 0 1,507  
2019 Furniture & Fixtures 2019-01-14 639 455 SL 7.000000000000 91 0 91  
2020 Furniture & Fixtures 2020-05-06 3,951 2,896 SL 5.000000000000 790 0 790  
Prior 2002 Landscape 1996-12-17 54,701 54,701 SL 7.000000000000 0 0 0  
1997 Lindsey Court 1997-08-18 27,939 18,391 SL 40.000000000000 698 0 698  
2021 Landscape 2021-01-04 7,460 3,032 SL 7.000000000000 1,065 0 1,065  
2022 Landscape 2022-08-01 4,928 997 SL 7.000000000000 704 0 704  
2023 Furniture & Fixtures 2023-07-01 1,656 240 SL 5.000000000000 331 0 331  
2024 Furniture & Fixtures 2024-04-17 2,980   SL 7.000000000000 272 0 272  
2024 Furniture & Fixtures 2024-11-26 2,356   SL 5.000000000000 61 0 61  
Prior 2015 Furniture & Fixtures 2014-11-21 1,584 1,584 SL 7.000000000000 0 0 0  
2019 Furniture & Fixtures 2019-04-26 95 89 SL 5.000000000000 6 0 6  

TY 2024 InvestmentsOtherSchedule2
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Sigular Guff Bric Opp Fund AT COST 292,109 65,054
Tiger Global PIP X, LP AT COST 1,742,648 2,655,337
Tiger Global PIP IX, LP AT COST 473,541 878,875
Tiger Global PIP VIII, LP AT COST 240,194 130,354
Palladian Partners VIII-A, LP AT COST 2,005,881 3,553,587
CBL Secondary SPV, LP AT COST 69,552 426,857
GT US QP Fund LP AT COST 4,522,255 12,543,724
GT International Equity QP Fund LP AT COST 20,428,740 22,853,782
Headlands Capital Secondary Fd II AT COST 167,066 957,899
GT Offshore Fund, Ltd AT COST 27,919,911 36,435,435
WCP Real Estate Fund II, LP AT COST 125,776 497,351
GT Emerging Markets (QP) LP AT COST 9,214,022 8,884,341
Viking Global Equity III, Ltd AT COST 13,759,392 16,869,756
GT Special Opportunities III-A LP AT COST 5,679,666 5,172,732
Palladian Partners IX, LP AT COST 4,674,415 6,873,885
Tiger Global PIP XI, LP AT COST 2,483,934 2,783,663
Cumberland Forest LP AT COST 1,539,180 2,579,984
Headlands Capital Secondary Fd III AT COST 876,773 1,427,308
GT Credit Oppor Fd LP AT COST 53,848 57,026
Pimco ST Fd AT COST 2,586,821 2,583,191
Tiger Global PIP XII, LP AT COST 912,081 1,062,822
GT Biotech Fund AT COST 3,111,969 3,085,087
GT Private Equity X-A LP AT COST 2,807,411 3,567,430
Tiger Global PIP XIV LP AT COST 3,134,426 2,142,786
Tiger Global PIP XV Feeder LP AT COST 949,881 681,987
Brickyard Fund I, LP AT COST 517,483 517,063
Vanguard Core Bond Fund AT COST 2,785,886 2,821,165
Vanguard 500 Index Fd AT COST 5,016,199 5,071,278
GT Private Equity XI LP AT COST 299,282 389,946

TY 2024 LandEtcSchedule2
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
Burt House - Bldg Cost (Before Restoration) 160,080 120,060 40,020  
Land - Lyndhurst Park 15,225 0 15,225  
1995 Burt House Renovation 820,220 610,757 209,463  
1996 Burt House Renovation 121,337 87,223 34,114  
1998 Burt House Improvements 1,084 722 362  
1999 Burt House Improvements 4,069 4,069 0  
2000 Burt House Improvements 133,550 80,683 52,867  
2001 Burt House Improvements 3,799 2,280 1,519  
2006 Burt House Improvements 5,633 5,633 0  
2007 Burt House Improvements 14,846 14,846 0  
2009 Burt House Improvements 1,995 1,995 0  
2012 Burt House Improvements 15,444 13,872 1,572  
2013 Burt House Improvements 8,026 6,064 1,962  
2020 Burt House Improvements 726 425 301  
2021 Burt House Improvements 3,211 1,797 1,414  
2022 Burt House Improvements 19,098 1,272 17,826  
Prior 2015 Furniture & Fixtures 124,625 124,625 0  
2015 Furniture & Fixtures 8,542 8,542 0  
2016 Furniture & Fixtures 546 546 0  
2017 Furniture & Fixtures 2,177 2,177 0  
2017 Furniture & Fixtures 12,623 12,623 0  
2018 Furniture & Fixtures 620 620 0  
2018 Furniture & Fixtures 590 511 79  
2019 Furniture & Fixtures 21,668 21,668 0  
2019 Furniture & Fixtures 639 546 93  
2020 Furniture & Fixtures 3,951 3,686 265  
Prior 2002 Landscape 54,701 54,701 0  
1997 Lindsey Court 27,939 19,089 8,850  
2021 Landscape 7,460 4,097 3,363  
2022 Landscape 4,928 1,701 3,227  
2023 Furniture & Fixtures 1,656 571 1,085  
2024 Furniture & Fixtures 2,980 272 2,708  
2024 Furniture & Fixtures 2,356 61 2,295  


TY 2024 LegalFeesSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Fees 2,404 0 0 2,404


TY 2024 OtherAssetsSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Investment Income Receivable 33,362 5,032,177 5,032,177
Construction in Progress 1,525 1,525 1,525
Income Tax Receivable 363,487 211,791 211,791


TY 2024 OtherExpensesSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Computer Maintenance 9,087 0 0 9,087
Direct Charitable Activities 27,559 0 0 27,559
Dues and Subscriptions 33,571 0 0 33,571
Employee Insurance 89,957 0 0 89,957
Equipment Lease 4,594 0 0 4,594
Insurance 22,755 0 0 22,755
Miscellaneous Expense 5,981 0 0 5,981
Office Supplies 48,534 0 0 48,533
PEO Fees 6,975 0 0 6,975
Pension Plan Expense 29,130 0 0 29,130
Payroll Taxes 60,834 0 0 60,834
Repairs and Maintenance 65,551 0 0 65,551
Telephone Expense 7,089 0 0 7,089
Utilities 7,525 0 0 7,525


TY 2024 OtherIncomeSchedule2
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Pass-Through Ord Loss-Mgd Investments -1,177,310 -1,177,310 -1,177,310
UBTI Investments 241,334   241,334
ND Costs -6,655   -6,655


TY 2024 OtherProfessionalFeesSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Agents' Fees 8,445 8,445 0 0
Consultants 1,664 0 0 1,664


TY 2024 TaxesSchedule
Name:
Lyndhurst Foundation Inc
EIN:
62-6044177
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Personalty Taxes/Stormwater Fee 367 0 0 367
Taxes - 990-PF 141,770 0 0 0
Taxes - 990-T 9,926 0 0 0