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
THE PENNELL FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 2486
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GREENVILLE, SC29602
A Employer identification number

83-4694955
B Telephone number (see instructions)

(864) 421-9245
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$14,712,465J 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... 301,888 301,888  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 417,095
b Gross sales price for all assets on line 6a 9,356,463
7 Capital gain net income (from Part IV, line 2)... 417,095
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
22,856 22,856  
12 Total. Add lines 1 through 11........ 741,839 741,839  
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
7,341 0   7,341
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
76,498 76,498   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,735 2,735   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
4,836 4,836   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 91,410 84,069   7,341
25 Contributions, gifts, grants paid....... 741,667 691,667
26 Total expenses and disbursements. Add lines 24 and 25 833,077 84,069   699,008
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -91,238
b Net investment income (if negative, enter -0-) 657,770
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,276,728 835,560 835,560
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)....... 2,847,046 Click to see attachment
List of Attached Documents:
// Content
2,775,106 		3,975,575
c Investments—corporate bonds (attach schedule)....... 2,143,431 Click to see attachment
List of Attached Documents:
// Content
2,330,579 		2,297,437
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).......... 5,948,347 Click to see attachment
List of Attached Documents:
// Content
6,233,069 		7,603,893
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,215,552 12,174,314 14,712,465
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................   50,000
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 50,000
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 12,215,552 12,124,314
29 Total net assets or fund balances (see instructions)..... 12,215,552 12,124,314
30 Total liabilities and net assets/fund balances (see instructions). 12,215,552 12,174,314
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
12,215,552
2
Enter amount from Part I, line 27a .....................
2
-91,238
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
12,124,314
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
12,124,314
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 PUBLICLY TRADED SECURITIES      
b BAY AVENUE P    
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 9,356,463   8,939,090 417,373
b     278 -278
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       417,373
b       -278
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 2 417,095
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 9,143
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 9,143
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 9,143
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 570
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 11,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 11,570
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 170
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 2,257
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow2,257 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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
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 arrowSC
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 .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowRICHARD H PENNELL JR Telephone no.right arrow (864) 420-9797

Located atright arrowPO BOX 2486GREENVILLESC ZIP+4right arrow29602
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
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
RICHARD H PENNELL JR CHAIRPERSON
1.00 		0 0 0
PO BOX 2486
GREENVILLE,SC29602
NANCY N PENNELL TRUSTEE
1.00 		0 0 0
PO BOX 2486
GREENVILLE,SC29602
ALLEN N PENNELL ALBERGOTTI TRUSTEE
1.00 		0 0 0
PO BOX 2486
GREENVILLE,SC29602
RICHARD H PENNELL III TRUSTEE
1.00 		0 0 0
PO BOX 2486
GREENVILLE,SC29602
JAMES D PENNELL TRUSTEE
1.00 		0 0 0
PO BOX 2486
GREENVILLE,SC29602
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 (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
SYNOVUS TRUST COMPANY NA INVESTMENT MANAGEMENT SERVICES 76,498
33 W 14TH ST 3RD FLOOR
COLUMBUS,GA31901
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
11,052,845
b
Average of monthly cash balances.......................
1b
1,049,851
c
Fair market value of all other assets (see instructions)................
1c
2,329,171
d
Total (add lines 1a, b, and c).........................
1d
14,431,867
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
14,431,867
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
216,478
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,215,389
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
710,769
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
710,769
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
9,143
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,143
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
701,626
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
701,626
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
701,626
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
699,008
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
699,008
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 7 701,626
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 520,779
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$ 699,008
a Applied to 2023, but not more than line 2a 520,779
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..... 178,229
e Remaining amount distributed out of corpus 0
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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		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 .......... 		523,397
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 ...... 		0
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....  
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).)
RICHARD H PENNELL JR
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or 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 (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

JUDSON COMMUNITY PARTNERSHIP

1007 EASLEY BRIDGE RD
GREENVILLE,SC29611 		N/A PC TO PROVIDE GENERAL SUPPORT 100,000

KEVIN & BRITTANY KISNER FOUNDATION

PO BOX 784
AIKEN,SC29802 		N/A PC TO PROVIDE GENERAL SUPPORT 66,667

MILL VILLAGE MINISTRIES

1186 PENDLETON ST
GREENVILLE,SC29611 		N/A PC TO SUPPORT THE HONE GREENVILLE PROJECT 100,000

NEIGHBORHOOD CANCER CONNECTION

113 MILLS AVENUE
GREENVILLE,SC29605 		N/A PC TO SUPPORT MOYER'S ROOM FOR CHILDREN'S NAMING 125,000

YMCA OF GREENVILLE

723 CLEVELAND ST
GREENVILLE,SC29601 		N/A PC TO SUPPORT THE METROMONT AIRNASIUM 300,000
Total .................................right arrow 3a 691,667
bApproved for future payment

WEE KIRK PRESBYTERIAN CHURCH
128 BEECH STREET
LINVILLE,NC28646 		N/A PC TO PROVIDE HURRICANE HELENE SUPPORT 50,000
Total ................................. right arrow 3b 50,000
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 ....     14 301,888  
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 22,856  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 417,095  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 741,839 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
741,839
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE PENNELL FAMILY FOUNDATION
EIN:
83-4694955
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEES 7,341 0   7,341

TY 2024 ExplnOfNonFilingWithAGStmt
Name:
THE PENNELL FAMILY FOUNDATION
EIN:
83-4694955
Statement:
THE SOUTH CAROLINA ATTORNEY GENERAL'S OFFICE DOES NOT REQUIRE THAT A COPY BE FILED WITH THEIR OFFICE. INSTEAD, THEY MAINTAIN THE RIGHT TO RECEIVE THE FILING IF THEY SO CHOOSE. THE FOUNDATION WILL COMPLY WITH ANY SUCH REQUEST AS APPLICABLE.

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE PENNELL FAMILY FOUNDATION
EIN:
83-4694955
Name of Bond End of Year Book Value End of Year Fair Market Value
ADVANCE AUTO PARTS INC GLBL NT 152,942 151,356
ALLY FINL INC SR GLBL 152,170 150,171
BLACKROCK TCP CAPITAL CORP SR GLBL 148,911 145,809
CONAGRA BRANDS INC SR GLBL NT 148,520 149,222
DISNEY WALT CO SR GLBL NT 170,412 160,296
EQUIFAX INC SR GLBL 203,744 197,462
F N B CORP GLBL NT 149,387 149,682
GOLDMAN SACHS BDC INC SR NT 149,738 146,778
KEURIG DR PEPPER INC SR GLBL 151,311 148,457
L3HARRIS TECHNOLOGIES INC GLBL NT 150,196 151,843
MORGAN STANLEY BK N A SR NT 149,580 149,006
PENSKE TRUCK LEASING CO L P SR 144A 149,740 151,530
SYNCHRONY FINANCIAL SR GLBL 151,780 146,722
T MOBILE USA INC SR SEC GLBL NT 150,744 149,322
VMWARE INC SR NT 151,404 149,781

TY 2024 InvestmentsCorpStockSchedule
Name:
THE PENNELL FAMILY FOUNDATION
EIN:
83-4694955
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO COM 2,922 4,646
AAR CORP COM 1,479 2,021
ABBOTT LABORATORIES COM 7,494 7,577
ABBVIE INC COM 2,573 7,107
ACCENTURE PLC CLASS A ORDINARY 5,505 5,628
ADOBE INC. 26,906 42,688
ADVANCED ENERGY INDS COM 3,729 4,163
ADVANCED MICRO DEVICES INC COM 4,264 4,107
AERCAP HOLDINGS NV SHS 20,158 20,576
AGILYSYS INC COM 2,439 5,664
AIA GROUP LTD SPONSORED ADR 39,805 26,353
ALBERTSONS COS INC COMMON STOCK 1,342 1,355
ALCOA CORP COM 2,473 2,758
ALCON INC ORD SHS 31,657 42,275
ALLEGIANT TRAVEL CO COM 5,690 3,106
ALPHABET INC CAP STK CL A 9,153 66,066
ALPHABET INC CAP STK CL C 13,742 21,520
AMAZON.COM INC COM 36,344 116,715
AMERICAN TOWER CORPORATION 8,460 11,555
AMERIS BANCORP COM 2,292 4,192
AMGEN INC COM 21,253 23,979
AMPHENOL CORP CL A 2,321 21,043
ANSYS INC COM 12,123 17,541
AON PLC SHS CL A 19,039 22,986
APA CORPORATION COM 31,029 30,674
APOLLO GLOBAL MGMT INC COM 3,346 3,138
APPLE INC COM 33,583 119,450
ARCH CAP GROUP LTD ORD 1,674 2,216
ARCHER DANIELS MIDLAND CO COM 2,575 2,273
ARISTA NETWORKS INC COM NEW 3,616 11,495
ARROW ELECTRS INC COM 1,905 2,036
ASHLAND INC COM 2,080 1,644
ASSA ABLOY AB ADR 8,727 12,230
AT&T INC COM 4,349 5,693
ATLASSIAN CORPORATION CL A 4,458 7,545
AUTODESK INC COM 14,928 18,325
AVNET INC COM 1,682 2,878
AXSOME THERAPEUTICS INC COM 6,767 7,023
AZEK CO INC CL A 1,387 2,658
AZENTA INC 3,348 3,650
BADGER METER INC COM 546 1,485
BANK NEW YORK MELLON CORP COM 2,454 3,765
BANK OF AMERICA CORP COM 3,684 4,131
BAXTER INTERNATIONAL INC COM 30,536 30,646
BERKSHIRE HATHAWAY INC DEL CL B NEW 7,806 13,598
BERRY GLOBAL GROUP INC COM 1,241 2,457
BIO TECHNE CORP COM 6,126 6,411
BIOGEN, INC. 2,784 1,988
BLACKLINE INC COM 3,441 3,342
BLACKROCK INC COM 3,176 4,100
BLOCK,INC. 1,331 1,955
BLUEPRINT MEDICINES CORP COM 5,905 11,339
BOSTON SCIENTIFIC CORP COM 3,188 5,181
BRISTOL MYERS SQUIBB CO COM 4,443 4,468
BROADCOM INC COM 21,944 56,105
BROOKFIELD CORP CL A LTD VT SH 15,894 23,382
BROWN & BROWN INC COM 2,458 3,061
BUNGE GLOBAL SA COM SHS 1,732 2,411
BWX TECHNOLOGIES INC COM 7,026 10,025
CACI INTL INC CL A 3,016 4,041
CADENCE BANK COM 4,437 4,823
CADENCE DESIGN SYSTEM INC COM 2,830 4,807
CAMECO CORP COM 12,420 37,309
CANADIAN PACIFIC KANSAS CITY COM 21,811 20,481
CAPITAL ONE FINL CORP COM 2,376 3,210
CARDINAL HEALTH INC COM 2,626 3,548
CARLISLE COS INC COM 883 3,320
CARLYLE GROUP INC COM 2,491 3,989
CASELLA WASTE SYS INC CL A 2,323 5,714
CASEYS GEN STORES INC COM 29,937 34,472
CATERPILLAR INC COM 2,385 5,804
CAVA GROUP INC COM 1,232 3,158
CBRE GROUP INC CL A 3,841 6,433
CCC INTELLIGENT SOLUTIONS HLD COM 12,723 14,193
CENCORA INC COM 1,659 2,247
CENTENE CORP DEL COM 1,622 1,575
CHEMED CORP NEW COM 3,603 3,179
CHEVRON CORPORATION 2,078 4,780
CHIPOTLE MEXICAN GRILL INC CL A 4,021 4,100
CHORD ENERGY CORPORATION COM NEW 4,630 3,391
CHUBB LIMITED COM 2,295 3,316
CHURCHILL DOWNS INC COM 3,316 4,941
CINTAS CORP COM 2,030 2,192
CISCO SYS INC COM 1,505 3,256
CITIGROUP INC COM NEW 5,058 6,335
CIVITAS RESOURCES INC COM NEW 5,614 3,761
CME GROUP INC COM 4,385 4,877
COCA COLA CO COM 13,737 20,982
COCA COLA CONS INC COM 1,161 2,520
COGNIZANT TECH SOLUTIONS CRP COM 1,215 2,692
COLUMBUS MCKINNON CORP NY COM 4,023 3,985
COMCAST CORP CL A 3,994 3,866
CONSOLIDATED EDISON INC COM 4,461 4,372
CONSTELLATION ENERGY CORP COM 14,950 13,870
COOPER COS INC COM 11,039 13,146
COPART INC COM 11,320 35,295
COSTCO WHSL CORP NEW COM 3,950 6,414
COUPANG INC CL A 2,118 1,846
CRANE COMPANY COMMON STOCK 4,879 6,222
CRANE NXT CO COM 3,620 3,959
DANAHER CORP COM 40,819 54,862
DBS GROUP HOLDINGS-SPON ADR 13,937 26,408
DESCARTES SYS GROUP INC COM 6,315 8,861
DEVON ENERGY CORP NEW COM 35,030 31,673
DIGITAL RLTY TR INC COM 2,223 2,837
DISNEY WALT CO COM 4,904 6,013
DOLBY LABORATORIES INC COM CL A 16,242 16,479
DR HORTON INC COM 2,408 2,237
DSM FIRMENICH AG SPONSORED ADR 12,888 11,320
DUKE ENERGY CORP NEW COM 2,295 2,478
DYNATRACE INC COM NEW 12,883 18,262
EAGLE MATERIALS INC COM 2,153 3,455
ELEMENT SOLUTIONS INC COM 3,436 5,874
EMCOR GROUP INC COM 923 3,631
ENCOMPASS HEALTH CORP COM 2,190 3,509
ENPRO INC 3,265 6,208
ENSIGN GROUP INC COM 4,067 5,713
ENTEGRIS INC COM 8,725 10,104
EOG RES INC COM 4,559 4,413
EQT CORP COM 2,782 3,873
EQUITY RESIDENTIAL COM 3,542 3,373
ERSTE GROUP BK AG SPONSORED ADR 8,126 15,043
EVEREST GROUP LTD 3,227 4,712
EVERGY INC COM 3,098 2,893
EXPERIAN PLC SPONSORED ADR 7,809 7,766
EXXON MOBIL CORP COM 2,967 7,960
FANUC CORPORATION ADR 26,967 18,769
FASTENAL CO COM 2,960 3,955
FIDELITY NATL INFORMATION SVCS INC 2,756 3,069
FIRST INDL RLTY TR INC COM 3,615 3,509
FIRSTCASH HOLDINGS INC COM 15,428 20,824
FISERV INC COM 15,310 33,894
FIVE9 INC COM 3,068 2,154
FMC CORP COM NEW 18,527 7,632
FORD MOTOR COMPANY 4,258 3,267
FORTINET INC COM 1,135 4,724
FOX FACTORY HLDG CORP COM 2,267 1,090
FTI CONSULTING INC COM 11,219 10,321
GALLAGHER ARTHUR J & CO COM 9,661 14,476
GE AEROSPACE 3,617 7,172
GENERAL DYNAMICS CORP COM 13,647 17,917
GENERAL MTRS CO COM 2,894 4,901
GENTEX CORP COM 3,636 3,677
GILDAN ACTIVEWEAR INC COM 2,769 4,893
GILEAD SCIENCES INC COM 3,559 3,787
GLACIER BANCORP INC NEW 3,170 4,419
GLOBAL PMTS INC COM 2,773 2,802
GLOBANT SA COM 4,497 4,503
GLOBUS MED INC CL A 3,621 6,038
GOLDMAN SACHS GROUP INC COM 4,107 6,299
GRAND CANYON ED INC COM 1,487 2,293
GRAPHIC PACKAGING HLDG CO COM 1,791 2,417
GRIFFON CORP COM 3,817 4,918
GSK PLC SPONSORED ADR 14,133 11,499
GXO LOGISTICS INCORPORATED COMMON STOCK 3,004 2,349
HALOZYME THERAPEUTICS INC COM 10,827 18,263
HARTFORD FINL SVCS GROUP INC COM 1,628 2,626
HDFC BANK LTD ADR REPS 3 SHS 29,704 32,058
HEINEKEN NV SPONSORED ADR L 11,076 8,857
HENRY JACK & ASSOC INC COM 7,230 12,972
HOME DEPOT INC COM 3,959 4,279
HONEYWELL INTERNATIONAL INC COM 19,566 25,300
HUB GROUP INC CL A 3,000 4,946
HYATT HOTELS CORP COM CL A 3,187 3,297
ICF INTL INC COM 6,961 10,729
ICON PLC SHS 25,337 19,922
INFOSYS LTD SPONSORED ADR 9,017 14,949
INGEVITY CORP COM 3,594 2,934
INSPIRE MED SYS INC COM 1,818 2,039
INSULET CORP COM 2,295 3,916
INTERNATIONAL FLAVORS & FRAGRANCES INC COM 2,229 1,776
INTERPARFUMS, INC 1,688 3,025
INTUIT INC COM 28,948 34,568
IRHYTHM TECHNOLOGIES INC COM 5,333 4,689
ITT INC COM 3,342 7,144
J & J SNACK FOODS CORP COM 2,037 2,017
JAZZ PHARMACEUTICALS PLC SHS USD 17,004 15,024
JOHNSON & JOHNSON COM 2,389 5,496
JP MORGAN CHASE & CO COM 6,987 14,383
KADANT INC COM 3,032 3,105
KBR INC COM 3,389 4,634
KIMBERLY CLARK CORP COM 2,517 2,490
KIMCO RLTY CORP COM 4,876 5,670
KLA CORPORATION 6,352 12,602
KROGER CO COM 1,793 3,302
KYNDRYL HLDGS INC COMMON STOCK 3,184 4,775
LABCORP HOLDINGS INC COM SHS 1,377 1,376
LAM RESEARCH CORP COM NEW 2,394 4,334
LANTHEUS HLDGS INC COM 7,765 11,630
LEMAITRE VASCULAR INC COM 2,566 2,580
LENNAR CORP CL A 31,105 39,956
LIBERTY GLOBAL LTD COM CL C 2,005 1,892
LILLY ELI & CO COM 5,569 13,896
LINDE PLC SHS 3,591 5,443
LITTELFUSE INC COM 3,137 3,063
LKQ CORP COM 2,844 2,352
LONZA GROUP AG UNSPONSORED ADR 8,833 15,195
LULULEMON ATHLETICA INC COM 2,439 3,442
LVMH MOET HENNESSY LOU VUITTON ADR 35,777 28,823
LYONDELLBASELL INDUSTRIES NV SHS 30,648 29,708
MADDEN STEVEN LTD COM 2,131 2,509
MANPOWERGROUP INC WIS COM 3,377 2,655
MARATHON PETE CORP COM 1,935 2,232
MARRIOTT INTERNATIONAL CL A 2,991 5,300
MARTIN MARIETTA MATLS INC COM 20,659 27,891
MATADOR RES CO COM 6,372 6,582
MATERION CORP COM 3,682 3,757
MEDPACE HLDGS INC COM 1,514 2,326
MEDTRONIC PLC SHS 14,046 11,742
MERCADOLIBRE INC COM 12,860 17,004
MERCK & CO INC NEW COM 6,216 6,466
META PLATFORM, INC. 30,019 43,913
METLIFE INC COM 2,232 2,948
METTLER TOLEDO INTERNATIONAL COM 7,346 11,013
MICHELIN COMPAGNIE GENERALE DES 17,197 16,859
MICROCHIP TECHNOLOGY INC COM 24,723 18,409
MICRON TECHNOLOGY INC COM 3,939 3,282
MICROSOFT CORP COM 54,317 184,617
MITSUBISHI UFJ FINL GROUP INC SPONSORED ADS 12,019 23,370
MOLSON COORS BREWING CO CL B 2,878 2,981
MONDELEZ INTL INC CL A 2,017 2,329
MONOLITHIC PWR SYS INC COM 4,308 11,242
MONOTARO CO LTD UNSPONSORD ADR 11,614 23,429
MSCI INC COM 18,159 21,000
MUNICH RE GROUP UNSPONSORED ADR 15,237 32,433
NATERA INC COM 3,887 15,513
NCINO INC COM 2,413 2,485
NESTLE S A SPONSORED ADR REPSTG REG 20,881 15,782
NETFLIX INC COM 3,707 8,022
NEWMONT CORPORATION 2,707 2,643
NIDEC CORP SPONSORED ADR 10,823 6,695
NORWEGIAN CRUISE LINE HLDG LTD SHS 10,096 15,387
NOVO-NORDISK AS ADR 16,189 23,569
NVIDIA CORP COM 35,265 96,555
O REILLY AUTOMOTIVE INC NEW COM 3,859 15,415
OCCIDENTAL PETE CORP COM 1,884 1,927
OGE ENERGY CORP COM 3,004 3,259
OLD DOMINION FREIGHT LINE INC COM 3,809 3,528
OLD REPUBLIC INTL CORP COM 1,416 2,642
ONTO INNOVATION INC COM 1,326 2,667
ORACLE CORP COM 6,058 6,166
OSHKOSH CORP COM 22,899 19,394
OTSUKA HLDGS CO LTD UNSPONSORED ADR 14,135 22,053
PACCAR INC COM 3,064 4,681
PALANTIR TECHNOLOGIES INC CL A 2,392 4,311
PAN PAC INTL HLDGS CORP UNSPONSORED 10,035 15,846
PAYCHEX INC COM 2,358 3,786
PAYPAL HLDGS INC COM 9,309 9,303
PEPSICO INC COM 3,224 4,258
PFIZER INC COM 2,679 2,388
PINNACLE WEST CAP CORP COM 3,256 3,645
POOL CORPORATION COM 3,262 10,228
PRICE T ROWE GROUP INC COM 5,142 5,541
PROCORE TECHNOLOGIES INC COM 2,603 3,072
PROCTER & GAMBLE CO COM 10,221 22,968
PUBLIC STORAGE COM 2,087 2,096
PULTE HOMES, INC 1,241 5,227
Q2 HLDGS INC COM 2,719 5,636
QUALCOMM INC COM 20,691 22,275
QUALYS INC COM 8,801 12,760
QUANTA SVCS INC COM 2,657 4,109
RBC BEARINGS INC COM 8,360 23,034
REGAL REXNORD CORPORATION 327 2,947
REGENERON PHARMACEUTICALS COM 2,711 2,849
RENTOKIL INITIAL PLC SPONSORED ADR 19,268 14,306
REPLIGEN CORP COM 4,684 4,606
REV GROUP INC COM 3,861 5,386
REXFORD INDL RLTY INC COM 2,169 1,701
ROCKET PHARMACEUTICALS INC COM 13,391 10,798
RPM INTL INC COM 13,444 19,813
RTX CORPORATION COM 3,372 3,356
RUSH ENTERPRISES INC CL A 5,263 5,643
RYAN SPECIALTY HOLDINGS, INC 9,090 15,270
S&P GLOBAL INC COM 19,527 29,882
SALESFORCE INC 12,601 23,403
SAPIENS INTL CORP NV SHS 7,857 8,115
SBA COMMUNICATIONS CORP NEW CL A 14,242 12,636
SCHLUMBERGER LTD COM 2,820 2,492
SEACOAST EKG CORP FLA COM NEW 4,021 4,598
SEMPRA ENERGY COM 2,768 2,807
SERVICENOW INC COM 23,254 40,285
SHERWIN WILLIAMS CO COM 8,275 15,977
SILGAN HOLDINGS INC COM 4,640 5,517
SILICON LABORATORIES INC COM 2,287 2,733
SIMPSON MFG INC COM 3,071 2,819
SNAP-ON INC COM 2,482 5,771
SONY CORP SPONSORED ADR 14,593 25,604
SOUTHSTATE CORP 3,606 5,471
SPS COMM INC COM 9,389 8,832
SPX TECHNOLOGIES INC COM 1,206 3,638
STAG INDL INC COM 3,731 3,551
STATE STREET CORP COM 3,385 4,515
STERIS PLC SHS USD 19,281 18,912
STRYKER CORP COM 3,370 4,321
SUMMIT MATLS INC CL A 5,674 7,236
SUPER MICRO COMPUTER INC COM NEW 2,438 914
SYMRISE AG ADR 8,687 11,320
SYNCHRONY FINL COM 1,772 3,315
SYNOPSYS INC COM 51,010 47,565
TAIWAN SEMICONDUCTOR MFG CO LTD 21,525 23,896
TERADATA CORP DEL COM 2,023 1,962
TESLA, INC 3,212 22,615
TEXAS ROADHOUSE INC COM 3,136 6,315
TEXTRON INC COM 1,828 2,754
THE CIGNA GROUP 2,021 3,038
TIMKEN CO COM 2,401 2,141
TOAST INC CL A 2,111 2,916
TOTALENERGIES SE 23,398 26,378
TRADEWEB MKTS INC CL A 7,371 14,794
TRANE TECHNOLOGIES PLC SHS 2,337 4,432
TRAVELERS COS INC COM 2,036 2,891
TYLER TECHNOLOGIES INC COM 10,053 16,723
UBER TECHNOLOGIES INC COM 32,011 32,558
UFP INDUSTRIES INC COM 1,696 3,154
UNITED BANKSHARES INC WEST VA COM 3,051 3,830
UNITED CMNTY BKS BLAIRSVLE GA COM 3,696 4,071
UNITED PARCEL SERVICES CL B 3,500 3,153
UNITEDHEALTH GROUP INC COM 31,907 36,422
UNIVERSAL DISPLAY CORP COM 3,953 3,801
UNIVERSAL MUSIC GROUP NV UNSPONSORED 19,712 19,787
US FOODS HLDG CORP COM 2,091 2,024
VALERO ENERGY COM 2,797 2,574
VALMONT INDS INC COM 5,491 6,133
VEEVA SYS INC CL A COM 18,509 21,446
VERACYTE INC COM 3,266 4,871
VERICEL CORP COM 1,996 2,910
VERISK ANALYTICS INC COM 3,217 15,149
VERIZON COMMUNICATIONS INC COM 36,924 36,111
VERTEX PHARMACEUTICALS INC COM 19,389 20,135
VISA INC COM CL A 34,687 64,788
WABTEC CORP COM 1,806 5,119
WALMART INC. 4,388 8,493
WELLS FARGO & CO NEW COM 5,098 8,148
WESTERN DIGITAL CORP COM 3,385 3,220
WESTROCK CO SHS 3,459 4,147
WILLIAMS SONOMA INC COM 1,759 7,222
WNS HLDGS LTD COM SHS 2,882 2,606
WORKDAY INC CL A 19,000 22,965
YUM BRANDS INC COM 21,369 22,002

TY 2024 InvestmentsOtherSchedule2
Name:
THE PENNELL FAMILY FOUNDATION
EIN:
83-4694955
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BAY AVENUE ABSOLUTE RET FD I (TAX EXEMPT), LLC AT COST 2,094,067 2,329,171
GQG PARTNERS EMERGING MARKETS EQUITY AT COST 264,514 296,290
INVESCO EXCHANGE-TRADED FD TR AT COST 268,243 329,784
ISHARES CORE S&P SMALL-CAP ETF AT COST 144,071 163,958
ISHARES GOLD TR ISHARES NEW AT COST 28,830 29,706
ISHARES MSCI EAFE ETF AT COST 268,852 292,308
ISHARES MSCI SOUTH KOREA ETF AT COST 25,302 17,913
ISHARES MSCI USA QUALITY FACTOR ETF AT COST 168,786 251,627
ISHARES RUSSELL 1000 GROWTH ETF AT COST 312,965 702,363
ISHARES RUSSELL 1000 VALUE ETF AT COST 1,080,669 1,422,909
ISHARES RUSSELL 2000 ETF AT COST 278,652 423,359
JOHCM EMERGING MARKETS OPPORTUNITIES AT COST 425,518 406,777
SPDR S&P 500 ETF TRUST AT COST 872,600 937,728

TY 2024 OtherExpensesSchedule
Name:
THE PENNELL FAMILY FOUNDATION
EIN:
83-4694955
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN CONVERSION FEES 836 836   0
BAY AVENUE 4,000 4,000   0


TY 2024 OtherIncomeSchedule2
Name:
THE PENNELL FAMILY FOUNDATION
EIN:
83-4694955
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
BAY AVENUE 22,856 22,856 22,856


TY 2024 OtherProfessionalFeesSchedule
Name:
THE PENNELL FAMILY FOUNDATION
EIN:
83-4694955
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 76,498 76,498   0


TY 2024 TaxesSchedule
Name:
THE PENNELL FAMILY FOUNDATION
EIN:
83-4694955
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX 2,735 2,735   0