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
THORNWELL FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)4200 NORTHSIDE PKWY BLDG 14 250
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30327
A Employer identification number

81-0716497
B Telephone number (see instructions)

(470) 359-9275
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$51,878,969J 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) 45,208,781
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 992,997 960,913  
5a Gross rents............ 319,917 319,917  
b Net rental income or (loss) 219,777
6a Net gain or (loss) from sale of assets not on line 10 1,202,947
b Gross sales price for all assets on line 6a 39,310,384
7 Capital gain net income (from Part IV, line 2)... 1,202,947
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
3,710 3,710  
12 Total. Add lines 1 through 11........ 47,728,352 2,487,487  
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)......... Click to see attachment
List of Attached Documents:
// Content
1,475 1,475   0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
6,800 5,100   1,700
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
278,645 278,645   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
74 74   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
98,421 98,421  
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
6,707 3,354   3,353
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 392,122 387,069   5,053
25 Contributions, gifts, grants paid....... 597,500 597,500
26 Total expenses and disbursements. Add lines 24 and 25 989,622 387,069   602,553
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 46,738,730
b Net investment income (if negative, enter -0-) 2,100,418
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............. 36,048 1,811,045 1,811,045
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
36,512,738 		36,512,738
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
5,901,458 		5,901,458
11 Investments—land, buildings, and equipment: basis right arrow5,820,000
Less: accumulated depreciation (attach schedule) right arrow98,421   Click to see attachment
List of Attached Documents:
// Content
5,721,579 		5,721,579
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,777,215 Click to see attachment
List of Attached Documents:
// Content
1,932,149 		1,932,149
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) 3,813,263 51,878,969 51,878,969
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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 3,813,263 51,878,969
29 Total net assets or fund balances (see instructions)..... 3,813,263 51,878,969
30 Total liabilities and net assets/fund balances (see instructions). 3,813,263 51,878,969
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
3,813,263
2
Enter amount from Part I, line 27a .....................
2
46,738,730
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
1,326,976
4
Add lines 1, 2, and 3 ..........................
4
51,878,969
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
51,878,969
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 STOCK SALES P    
b CAPITAL GAINS DIVIDENDS 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 38,236,662   38,107,437 129,225
b 1,073,722     1,073,722
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       129,225
b       1,073,722
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 1,202,947
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 29,196
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 29,196
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 29,196
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 3,444
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 33,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 36,444
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 7,248
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow7,248 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
 
No
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowMEADOW CREEK WEALTH ADVISORS Telephone no.right arrow (470) 359-9275

Located atright arrow4200 NORTHSIDE PKWY BLDG 14 ST 250ATLANTAGA ZIP+4right arrow30327
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
KATHERINE THORNWELL STAUTBERG PRESIDENT
2.00 		0 0 0
4200 NORTHSIDE PWKY BLDG 14 STE 250
ATLANTA,GA30327
KATHERINE CONRAD THORNWELL SECRETARY
0.50 		0 0 0
4200 NORTHSIDE PWKY BLDG 14 STE 250
ATLANTA,GA30327
TIMOTHY EDWARD STAUTBERG TREASURER
2.00 		0 0 0
4200 NORTHSIDE PWKY BLDG 14 STE 250
ATLANTA,GA30327
REMBERT MARSHALL THORNWELL DIRECTOR
0.50 		0 0 0
4200 NORTHSIDE PWKY BLDG 14 STE 250
ATLANTA,GA30327
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
MEADOW CREEK WEALTH ADVISORS WEALTH MANAGEMENT 229,794
4200 NORTHSIDE PKWY NW BLDG 14 STE
250
ATLANTA,GA30327
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
25,471,063
b
Average of monthly cash balances.......................
1b
9,613,732
c
Fair market value of all other assets (see instructions)................
1c
5,721,579
d
Total (add lines 1a, b, and c).........................
1d
40,806,374
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
40,806,374
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
612,096
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
40,194,278
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,009,714
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
2,009,714
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
29,196
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
29,196
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,980,518
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,980,518
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,980,518
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
602,553
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
602,553
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,980,518
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
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...... 38,141
e From 2023...... 69,514
f Total of lines 3a through e ........ 107,655
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 602,553
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 602,553
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 107,655 107,655
(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 .......... 		1,270,310
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).)
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

K9S FOR WARRIORS

114 CAMP K9 RD
PONTE VEDRA,FL32081 		NONE PC TO SUPPORT CHARITY 5,000

SALVATION ARMY OF ST AUGUSTINE

1425 OLD DIXIE HWY
ST AUGUSTINE,FL32084 		NONE PC TO SUPPORT CHARITY 2,500

ST AUGUSTINE YOUTH SERVICES

201 SIMONE WAY
ST AUGUSTINE,FL32086 		NONE PC TO SUPPORT CHARITY 10,000

THORNWELL HOME FOR CHILDREN

302 SOUTH BROAD ST
CLINTON,SC29325 		NONE PC TO SUPPORT CHARITY 10,000

LIFE CARE PONTE VEDRA INC (VICAR'S LANDING EMPLOYEE HOLIDAY FUND)

1000 VICARS LANDING WAY
PONTE VEDRA BEACH,FL32082 		NONE PC TO SUPPORT CHARITY 10,000

ST XAVIER HIGH SCHOOL

600 W NORTH BEND RD
CINCINNATI,OH452241499 		NONE PC TO SUPPORT CHARITY 25,000

MARR ADDICTION TREATMENT CENTERS

2815 CLEARVIEW PLACE
DORAVILLE,GA30340 		NONE PC TO SUPPORT CHARITY 50,000

BEAM (BEACHES EMERGENCY ASSISTANCE MINISTRY INC)

850 6TH AVENUE S SUITE 400
JACKSONVILLE BEACH,FL32250 		NONE PC TO SUPPORT CHARITY 5,000

GEORGIA PURPLE HEART VETERANS FOUNDATION

6015 OVERLOOK PARIS DRIVE
CUMMING,GA30040 		NONE PC TO SUPPORT CHARITY 20,000

MUST MINISTRIES

PO BOX 1717
MARIETTA,GA30061 		NONE PC TO SUPPORT CHARITY 5,000

LAST MILE FOOD RESCUE

1775 MENTOR AVE 405
CINCINNATI,OH45212 		NONE PC TO SUPPORT CHARITY 20,000

SOCIETY OF ST VINCENT DE PAUL CINCINNATI - RESTRICTED FOR PHARMACEUTICAL SU

1125 BANK STREET
CINCINNATI,OH45214 		NONE PC TO SUPPORT CHARITY 5,000

THE BOYCE L ANSLEY SCHOOL INC

120 RALPH MCGILL BLVD BLDG 3
ATLANTA,GA30308 		NONE PC TO SUPPORT CHARITY 35,000

GREATER CINCINNATI FOUNDATION FBO KATHERINE ANDTIM STAUTBERG FAMILY FUND

720 E PETE ROSE WAY
CINCINNATI,OH45202 		NONE PC TO SUPPORT CHARITY 100,000

RAYMOND JAMES CHARITABLE FBO REMBERT ANDKATHERINE THORNWELL FAMILY FUND

PO BOX 23559
ST PETERSBURG,FL33742 		NONE PC TO SUPPORT CHARITY 100,000

RAYMOND JAMES CHARITABLE FBO DAVID AND TERRIDOZIER FAMILY FUND

PO BOX 23559
ST PETERSBURG,FL33742 		NONE PC TO SUPPORT CHARITY 100,000

PEOPLE WORKING COOPERATIVELY

4612 PADDOCK ROAD
CINCINNATI,OH45229 		NONE PC TO SUPPORT CHARITY 25,000

LEGAL AID SOCIETY OF CINCINNATI

215 E 9TH ST SUITE 200
CINCINNATI,OH45202 		NONE PC TO SUPPORT CHARITY 10,000

XAVIER JESUIT ACADEMY

1601 CALIFORNIA AVENUE
CINCINNATI,OH45237 		NONE PC TO SUPPORT CHARITY 20,000

WELLROOT FAMILY SERVICES

1967 LAKESIDE PARKWAY SUITE 400
TUCKER,GA30084 		NONE PC TO SUPPORT CHARITY 10,000

CITY GOSPEL MISSION

1805 DALTON AVE
CINCINNATI,OH45214 		NONE PC TO SUPPORT CHARITY 5,000

REFUGEE CONNECT

2692 MADISON ROAD SUITE N1 395
CINCINNATI,OH45208 		NONE PC TO SUPPORT CHARITY 5,000

CINCINNATI URBAN PROMISE

2420 HARRISON AVE
CINCINNATI,OH45211 		NONE PC TO SUPPORT CHARITY 5,000

OVERLAND SUMMERS FOUNDATION INC

PO BOX 31
WILLIAMSTOWN,MA01267 		NONE PC TO SUPPORT CHARITY 5,000

CENTRAL ASIA INSTITUTE

PO BOX 7209
BOZEMAN,MT59771 		NONE PC TO SUPPORT CHARITY 2,000

DARIEN BOOK AID PLAN INC

1926 POST ROAD
DARIEN,CT06820 		NONE PC TO SUPPORT CHARITY 3,000

OUR GIVING GARDEN

79 COOPER LAKE ROAD SE
MABLETON,GA30126 		NONE PC TO SUPPORT CHARITY 5,000
Total .................................right arrow 3a 597,500
bApproved for future payment
Total ................................. right arrow 3b 0
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 ....     14 992,997  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 219,777  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 3,710  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,202,947  
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 2,419,431 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,419,431
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THORNWELL FAMILY FOUNDATION
 
Employer identification number

81-0716497
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THORNWELL FAMILY FOUNDATION
  		Employer identification number
81-0716497
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
JAMES R THORNWELL CHARITABLE REVOCABLE TRUST
 
4200 NORTHSIDE PKWY BLDG 14 250
 
ATLANTA, GA30327

$ 45,208,781


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THORNWELL FAMILY FOUNDATION
  		Employer identification number

81-0716497
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 VARIOUS STOCKS AND FIXED ASSETS $ 45,208,781 2024-04-30
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THORNWELL FAMILY FOUNDATION
  		Employer identification number

81-0716497
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 6,800 5,100   1,700

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

TY 2024 DepreciationSchedule
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
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
PEACHES LAND, LLC - LAND 2024-02-25 1,213,913   L   0 0    
PEACHES LAND, LLC - BUILDING 2024-02-25 4,606,087   SL 39.000000000000 98,421 98,421    

TY 2024 InvestmentsCorpBondsSchedule
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
Name of Bond End of Year Book Value End of Year Fair Market Value
SUNTRUST CAPITAL 280,776 280,776
HF SINCLAIR CORP 148,172 148,172
MATTEL INC 141,224 141,224
TOLL BROS FINANCE CORP 141,189 141,189
CITIGROUP INC 149,886 149,886
BEMIS COMPANY INC 131,475 131,475
VIATRIS INC 130,119 130,119
STORE CAP CORP 129,453 129,453
ENERGY TRANSFER L P 158,495 158,495
GENERAL MTRS FINL CO INC 151,976 151,976
BAT CAPITAL CORP SR GIBI 153,339 153,339
AIR LEASE CORP 148,209 148,209
WARNERMEDIA HLDGS INC 132,182 132,182
CELANESE US HLDGS LLC 152,366 152,366
DUKE ENERGY CORP 142,895 142,895
NEXTERA ENERGY CAP HLDGS INC 147,042 147,042
AMERICAN TOWER CORP 151,926 151,926
BANK AMERICA CORP MEDIUM TERM NOTE 190,064 190,064
CVS HEALTH CORP 143,796 143,796
HCA INC 148,397 148,397
INVITATION HOMES OPER PARTNER 149,123 149,123
MIRCON TECHNOLOGY INC 153,851 153,851
JOHN DEERE CAPITAL CORPORATION MEDIUM TERM NOTE 149,742 149,742
ASHTEAD CAP INC 200,152 200,152
PACIFIC GAS ELEC CO 153,378 153,378
JPMORGAN CHASE CO 211,378 211,378
GOLDMAN SACHS GROUP INC 188,106 188,106
WELLS FARGO COMPANY MEDIUM TERM NOTE 199,150 199,150
MORGAN STANLEY SUB F 194,316 194,316
DCP MIDSTREAM LLC 161,151 161,151
NGPL PIPECO LLC 167,972 167,972
ELEMENT FLEET MANAGEMENT CORP 156,332 156,332
BARCLAYS PLC 168,888 168,888
NVENT FIN S A R L 149,948 149,948
ROGER COMMUNICATIONS INC 146,199 146,199
AKER BP ASA SR GIBI 140,882 140,882
BANK NOVA SCOTIA HALIFAX 137,909 137,909

TY 2024 InvestmentsCorpStockSchedule
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
Name of Stock End of Year Book Value End of Year Fair Market Value
BROWN ADVISORY SMALL-CAP GROWTH FD 2,136,410 2,136,410
WCM FOCUSED INTERNATIONAL GROWTH FD 3,754,108 3,754,108
JANUS HENDERSON OVERSEAS FUND 3,294,343 3,294,343
PRINCIPAL MID CAP FUND 3,140,599 3,140,599
PRINCIPAL HIGH YIELD FUND 2,049,836 2,049,836
ISHARES TR CORE S&P500 6,377,170 6,377,170
JPMORGAN EQUITY PREMIUM INCOME 599,808 599,808
ABBOTT LABS 41,172 41,172
ALIBABA GROUP HLDG LIMITED SPONSORED ADS 14,753 14,753
ALPHABET INCORPORATED CAP STK CLASS C 342,602 342,602
AMAZON COM INCORPORATED 461,816 461,816
AMPHENOL CORPORATION NEW CLASS A 38,128 38,128
APPLE INCORPORATED 611,025 611,025
APPLOVIN CORPORATION COM CLASS A 33,031 33,031
ARISTA NETWORKS INCORPORATED COM SHS 72,508 72,508
AUTOZONE INCORPORATED 41,626 41,626
BERKSHIRE HATHAWAY INCORPORATED DEL CLASS B 63,006 63,006
BLACKSTONE INCORPORATED 77,417 77,417
BOOKING HOLDINGS INCORPORATED 44,716 44,716
BROADCOM INCORPORATED 186,863 186,863
CHIPOTLE MEXICAN GRILL INCORPORATED 17,849 17,849
COCA COLA COMPANY 72,844 72,844
CONOCOPHILLIPS 15,669 15,669
D R HORTON INCORPORATED 87,108 87,108
DOORDASH INCORPORATED CLASS A 63,743 63,743
EDWARDS LIFESCIENCES CORPORATION 12,289 12,289
META PLATFORMS INCORPORATED CLASS A 366,529 366,529
FAIR ISAAC CORPORATION 37,828 37,828
GOLDMAN SACHS GROUP INCORPORATED 83,603 83,603
GRAINGERW W INCORPORATED 24,243 24,243
HOME DEPOT INCORPORATED 29,563 29,563
HUBSPOT INCORPORATED 32,051 32,051
INTERNATIONAL BUSINESS MACHINES 62,871 62,871
INTUIT 50,909 50,909
INTUITIVE SURGICAL INCORPORATED COM NEW 123,183 123,183
JOHNSON & JOHNSON 41,072 41,072
KKR & COMPANY INCORPORATED 85,344 85,344
LAM RESEARCH CORPORATIONCOM NEW 20,658 20,658
ELI LILLY & COMPANY 156,716 156,716
MASTERCARD INCORPORATED CLASS A 193,251 193,251
MCDONALDS CORPORATION 55,079 55,079
MCKESSON CORPORATION 50,722 50,722
MERCADOLIBRE INCORPORATED 49,313 49,313
MICROSOFT CORPORATION 424,029 424,029
NATERA INCORPORATED 14,247 14,247
NETFLIX INCORPORATED 197,873 197,873
NVIDIA CORPORATION 628,746 628,746
ORACLE CORPORATION 115,315 115,315
PALO ALTO NETWORKS INCORPORATED 36,392 36,392
PAYPAL HLDGS INCORPORATED 47,796 47,796
QUANTA SVCS INCORPORATED 49,620 49,620
REGENERON PHARMACEUTICALS 18,521 18,521
SALESFORCE INCORPORATED 63,523 63,523
SERVICENOW INCORPORATED 126,154 126,154
SHOPIFY INCORPORATED CLASS A 38,385 38,385
BLOCK INCORPORATED CLASS A 16,743 16,743
STARBUCKS CORPORATION 32,576 32,576
SYNOPSYSINCORPORATED 15,046 15,046
TAIWAN SEMICONDUCTOR MFG LIMITED 55,890 55,890
TESLA INCORPORATED 235,439 235,439
THE TRADE DESK INCORPORATED COM CLASS A 27,032 27,032
THERMO FISHER SCIENTIFIC INCORPORATED 9,884 9,884
3M COMPANY 54,347 54,347
TRANSDIGM GROUP INCORPORATED 73,502 73,502
UBER TECHNOLOGIES INCORPORATED 28,833 28,833
UNION PAC CORPORATION 19,839 19,839
VERTIV HOLDINGS COMPANY COM CLASS A 28,289 28,289
WALMART INCORPORATED 33,249 33,249
EATON CORPORATION PLC 37,501 37,501
TRANE TECHNOLOGIES PLC 48,016 48,016
SPOTIFY TECHNOLOGY S A 73,818 73,818
AT&T INCORPORATED 95,862 95,862
ABBOTT LABS 82,118 82,118
ABBVIE INCORPORATED 135,585 135,585
AMEREN CORPORATION 35,389 35,389
AMERICAN ELEC PWR COMPANY INCORPORATED 37,169 37,169
ANALOG DEVICES INCORPORATED 97,094 97,094
AUTOMATIC DATA PROCESSING INCORPORATED 91,624 91,624
AVERY DENNISON CORPORATION 29,379 29,379
BANK AMERICA CORPORATION 128,114 128,114
BANK NEW YORK MELLON CORPORATION 81,901 81,901
BECTON DICKINSON & COMPANY 29,720 29,720
BLACKSTONE INCORPORATED 33,449 33,449
BLACKROCK INCORPORATED 86,109 86,109
BOOZ ALLEN HAMILTON HLDG CORPORATION CLASS A 24,839 24,839
BRISTOL-MYERSSQUIBB COMPANY 76,752 76,752
BROADCOM INCORPORATED 153,014 153,014
CME GROUP INCORPORATED 78,726 78,726
CMS ENERGY CORPORATION 22,728 22,728
CSX CORPORATION 30,463 30,463
CHEVRON CORPORATION NEW 122,100 122,100
CISCO SYSTEMS INCORPORATED 125,504 125,504
COCA COLA COMPANY 79,880 79,880
COMCAST CORPORATION NEW CLASS A 110,976 110,976
CONOCOPHILLIPS 36,792 36,792
CUMMINS INCORPORATED 35,557 35,557
DTE ENERGY COMPANY 18,837 18,837
DISNEY WALT COMPANY 69,371 69,371
EOG RES INCORPORATED 62,884 62,884
EBAY INCORPORATED 33,267 33,267
ENTERGY CORPORATION NEW 62,324 62,324
EXXON MOBIL CORPORATION 134,678 134,678
GENERAL MLS INCORPORATED 48,146 48,146
GENUINE PARTS COMPANY 25,103 25,103
HOME DEPOT INCORPORATED 145,482 145,482
HONEYWELL INTERNATIONAL INCORPORATED 113,171 113,171
ILLINOIS TOOL WKS INCORPORATED 63,136 63,136
INTERNATIONAL BUSINESS MACHINES 100,682 100,682
JPMORGAN CHASE & COMPANY 263,441 263,441
JOHNSON & JOHNSON 147,946 147,946
KLA CORPORATIONCOM NEW 51,040 51,040
LAM RESEARCH CORPORATIONCOM NEW 52,439 52,439
LOCKHEED MARTIN CORPORATION 57,827 57,827
MARSH & MCLENNAN COMPANIES INCORPORATED 107,904 107,904
MCDONALDS CORPORATION 103,491 103,491
MERCK & COMPANY INCORPORATED 65,159 65,159
MICROSOFT CORPORATION 209,064 209,064
MONDELEZ INTERNATIONAL INCORPORATED CLASS A 66,838 66,838
MORGAN STANLEY COM NEW 92,781 92,781
NEXTERA ENERGY INCORPORATED 27,959 27,959
NORTHROP GRUMMAN CORPORATION 73,679 73,679
PNC FINL SVCS GROUP INCORPORATED 82,540 82,540
PPG INDUSTRIES INCORPORATED 41,210 41,210
PACKAGING CORPORATION AMER 39,623 39,623
PARKER-HANNIFIN CORPORATION 106,217 106,217
PEPSICO INCORPORATED 41,969 41,969
PROCTER AND GAMBLE COMPANY 130,935 130,935
PUBLIC SVC ENTERPRISE GRP INCORPORATED 32,191 32,191
QUALCOMM INCORPORATED 28,112 28,112
SOUTHERN COMPANY 65,115 65,115
TJX COMPANIES INCORPORATED NEW 64,633 64,633
TEXAS INSTRS INCORPORATED 46,315 46,315
UNION PAC CORPORATION 76,621 76,621
UNITEDHEALTH GROUP NCORPORATED 160,358 160,358
VALERO ENERGY CORPORATION 57,862 57,862
VISA INCORPORATED COM CLASS A 72,057 72,057
WEC ENERGY GROUP INCORPORATED 31,409 31,409
WALMART INCORPORATED 180,339 180,339
WASTE MGMT INCORPORATED DEL 60,739 60,739
WELLS FARGO COMPANY NEW 113,719 113,719
ACCENTURE PLC IRELAND SHS CLASS A 105,889 105,889
LINDE PLC SHS 71,593 71,593
MEDTRONIC PLC SHS 48,407 48,407
TRANE TECHNOLOGIES PLC 71,285 71,285
CHUBB LIMITED 102,507 102,507
BJS WHOLESALE CLUB HLDGS INCORPORATED 75,948 75,948
BENTLEY SYSTEMS INCORPORATED COM CLASS B 128,238 128,238
BERKLEYW R CORPORATION 119,673 119,673
BRIGHT HORIZONS FAM SOL IN DEL 76,043 76,043
CHARLES RIV LABS INTERNATIONAL INCORPORATED 76,978 76,978
CHEMED CORPORATION NEW 67,814 67,814
CHOICE HOTELS INTERNATIONAL INCORPORATED 95,127 95,127
COOPER COMPANIES INCORPORATED 120,704 120,704
ASPEN TECHNOLOGY INCORPORATED 104,595 104,595
EQUIFAX INCORPORATED 107,802 107,802
EXPONENT INCORPORATED 65,043 65,043
FAIR ISAAC CORPORATION 53,755 53,755
HENRY JACK & ASSOC INCORPORATED 96,064 96,064
INTERACTIVE BROKERS GROUP INCORPORATED COM CLASS A 149,109 149,109
LCI INDUSTRIES 20,678 20,678
LPL FINL HLDGS INCORPORATED 143,664 143,664
LENNOX INTERNATIONAL INCORPORATED 163,902 163,902
NORDSON CORPORATION 94,995 94,995
OLLIES BARGAIN OUTLET HLDGS IN 73,519 73,519
POOL CORPORATION 114,215 114,215
ROLLINS INCORPORATED 94,925 94,925
SAIA INCORPORATED 78,386 78,386
SCOTTS MIRACLE-GRO COMPANY CLASS A 57,517 57,517
SITEONE LANDSCAPE SUPPLY INCORPORATED 63,513 63,513
TELEDYNE TECHNOLOGIES INCORPORATED 81,687 81,687
TERADYNE INCORPORATED 79,456 79,456
THOR INDUSTRIES INCORPORATED 64,317 64,317
UNIVERSAL DISPLAY CORPORATION 68,275 68,275
WATSCO INCORPORATED 116,577 116,577
ZEBRA TECHNOLOGIES CORPORATION CLASS A 117,797 117,797
ZURN ELKAY WATER SOLNS CORPORATION 107,238 107,238
ALLEGION PLC ORD SHS 82,067 82,067

TY 2024 InvestmentsLandSchedule2
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
PEACHES LAND, LLC - LAND 1,213,913 0 1,213,913 1,213,913
PEACHES LAND, LLC - BUILDING 4,606,087 98,421 4,507,666 4,507,666

TY 2024 InvestmentsOtherSchedule2
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CATALYST/MILLBURNHEDGE STRATEGY FUND FMV 606,158 606,158
PARTNERS GROUP PRIVATE EQUITY, LLC FMV 1,241,741 1,241,741
AVALONBAY CMNTYS INCORPORATED REIT FMV 31,016 31,016
PROLOGIS INCORPORATED FMV 27,482 27,482
PUBLIC STORAGE OPER COMPANY REIT FMV 25,752 25,752

TY 2024 LegalFeesSchedule
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 1,475 1,475   0


TY 2024 OtherExpensesSchedule
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FILING FEES 244 122   122
OFFICE SUPPLIES & SOFTWARE 2,880 1,440   1,440
TRAVEL 1,080 540   540
OTHER EXPENSES 2,503 1,252   1,251


TY 2024 OtherIncomeSchedule2
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASSTHROUGH INCOME 3,710 3,710 3,710


TY 2024 OtherIncreasesSchedule
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
Description Amount
UNREALIZED GAINS 1,326,976


TY 2024 OtherProfessionalFeesSchedule
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 229,794 229,794   0
JRT CRT EXPENSES 48,607 48,607   0
MANAGEMENT FEES 244 244   0


TY 2024 TaxesSchedule
Name:
THORNWELL FAMILY FOUNDATION
EIN:
81-0716497
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 74 74   0