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
J C KENNEDY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)6205A PEACHTREE DUNWOODY RD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ATLANTA, GA30328
A Employer identification number

20-0424251
B Telephone number (see instructions)

(678) 645-4659
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$100,851,826J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,161,673 2,157,789  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment
List of Attached Documents:
// Content
2,848,056
b Gross sales price for all assets on line 6a 22,873,374
7 Capital gain net income (from Part IV, line 2)... 2,884,690
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
2,105 6,043  
12 Total. Add lines 1 through 11........ 5,011,834 5,048,522  
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
853 0   853
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,555 0   16,555
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
467,575 451,424   16,151
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
168,200 1,900   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
8,424 894   7,530
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 661,607 454,218   41,089
25 Contributions, gifts, grants paid....... 3,848,580 3,848,580
26 Total expenses and disbursements. Add lines 24 and 25 4,510,187 454,218   3,889,669
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 501,647
b Net investment income (if negative, enter -0-) 4,594,304
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......... 7,035,599 4,072,202 4,072,202
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) 0 Click to see attachment
List of Attached Documents:
// Content
1,089,180 		997,772
b Investments—corporate stock (attach schedule)....... 73,544,148 Click to see attachment
List of Attached Documents:
// Content
76,523,765 		88,609,524
c Investments—corporate bonds (attach schedule)....... 1,306,612 Click to see attachment
List of Attached Documents:
// Content
273,332 		255,621
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).......... 3,891,071 Click to see attachment
List of Attached Documents:
// Content
4,320,598 		6,916,707
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) 85,777,430 86,279,077 100,851,826
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........ 85,777,430 86,279,077
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 85,777,430 86,279,077
30 Total liabilities and net assets/fund balances (see instructions). 85,777,430 86,279,077
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
85,777,430
2
Enter amount from Part I, line 27a .....................
2
501,647
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
86,279,077
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
86,279,077
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 SHORT TERM GAIN FROM K-1: ACADIAN P    
b SHORT TERM GAIN FROM K-1: BDT CAPITAL PARTNERS FUND II, LP P    
c LONG TERM GAIN FROM K-1: ACADIAN P    
d LONG TERM GAIN FROM K-1: BDT CAPITAL PARTNERS FUND II, LP P    
e LONG TERM GAIN FROM K-1: FALFURRIAS CAPITAL PARTNERS III, LP P    
LONG TERM GAIN FROM K-1: FALFURRIAS CAPITAL PARTNERS IV, LP P    
LONG TERM LOSS FROM K-1: HIG ADVANTAGE BUYOUT FUND, LP P    
LONG TERM LOSS FROM K-1: TTV FUND VI, L.P. P    
PUBLICLY TRADED SECURITIES P    
ACADIAN ALL COUNTRY WORLD EX US FUND GAIN P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       31,805
b       271
c       44,135
d       6,892
e       248,977
      1,140
      -23,298
      -11,543
22,767,130   20,280,961 2,486,169
7,070   6,102 968
99,174     99,174
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       31,805
b       271
c       44,135
d       6,892
e       248,977
      1,140
      -23,298
      -11,543
      2,486,169
      968
      99,174
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 2,884,690
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 63,861
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 63,861
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 63,861
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 117,508
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 117,508
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 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 53,647
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow53,647 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowGA
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 arrowCOX FOUNDATION COX ENTERPRISES IN Telephone no.right arrow (678) 645-4659

Located atright arrow6205-A PEACHTREE DUNWOODY ROADATLANTAGA ZIP+4right arrow30328
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(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
 
No
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
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
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
JAMES C KENNEDY PRESIDENT/TRUSTEE
0.40 		0 0 0
6205-A PEACHTREE DUNWOODY ROAD
ATLANTA,GA30328
BARBARA K HARTY VICE PRESIDENT/TRUSTEE
0.40 		0 0 0
6205-A PEACHTREE DUNWOODY ROAD
ATLANTA,GA30328
JAMES C KENNEDY JR SECRETARY/TREASURER/TRUSTEE
0.40 		0 0 0
6205-A PEACHTREE DUNWOODY ROAD
ATLANTA,GA30328
NANCY K RIGBY ASSISTANT SECRETARY
5.00 		0 0 0
6205-A PEACHTREE DUNWOODY ROAD
ATLANTA,GA30328
CLAY K KENNEDY TRUSTEE
0.40 		0 0 0
6205-A PEACHTREE DUNWOODY ROAD
ATLANTA,GA30328
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
STG PARTNERS INVESTMENT MANAGEMENT FEES 436,920
3455 PEACHTREE RD NE SUITE 1000
ATLANTA,GA30326
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
86,328,675
b
Average of monthly cash balances.......................
1b
5,780,933
c
Fair market value of all other assets (see instructions)................
1c
6,916,707
d
Total (add lines 1a, b, and c).........................
1d
99,026,315
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
99,026,315
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,485,395
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
97,540,920
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,877,046
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
4,877,046
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
63,861
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
63,861
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,813,185
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,813,185
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
4,813,185
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
3,889,669
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
3,889,669
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 4,813,185
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 634,430
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$ 3,889,669
a Applied to 2023, but not more than line 2a 634,430
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..... 3,255,239
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 .......... 		1,557,946
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).)
JAMES C KENNEDY
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

AGAPE COMMUNITY CENTER INC

2210 MARIETTA BLVD NW
ATLANTA,GA30318 		N/A PC SPECIAL PROJECT SUPPORT 10,000

AMERICAN RIVERS

1101 14TH STREET NW SUITE 1400
WASHINGTON,DC20005 		N/A PC GENERAL OPERATING SUPPORT 1,000

ANIMAL RESCUE FUND OF THE HAMPTONS

124 DANIELS HOLE ROAD 2616
EAST HAMPTON,NY11937 		N/A PC GENERAL OPERATING SUPPORT 10,000

ANIMAL RESCUE FUND OF THE HAMPTONS

124 DANIELS HOLE ROAD 2616
EAST HAMPTON,NY11937 		N/A PC GENERAL OPERATING SUPPORT 10,000

ATLANTA CHILDREN'S SHELTER

607 PEACHTREE STREET NE PO BOX
54322
ATLANTA,GA303080322 		N/A PC GENERAL OPERATING SUPPORT 20,000

ATLANTA COMMUNITY FOOD BANK

3400 NORTH DESERT DRIVE
EAST POINT,GA30344 		N/A PC GENERAL OPERATING SUPPORT 50,000

ATLANTA MISSION

2353 BOLTON ROAD NW
ATLANTA,GA30318 		N/A PC GENERAL OPERATING SUPPORT 25,000

ATLANTA SPEECH SCHOOL

3160 NORTHSIDE DRIVE NW
ATLANTA,GA30327 		N/A PC GENERAL OPERATING SUPPORT 10,000

BEAVERHEAD COMMUNITY WOOD BANK MINISTRY INC

PO BOX 1414
DILLON,MT59725 		N/A PC SPECIAL PROJECT SUPPORT 3,000

BRAYDEN COLE HINCK FOUNDATION INC

3459 MALAGA CT
CALABASAS,CA913023077 		N/A PF TO SUPPORT A FELLOW IN CANCER & BLOOD DISEASE RESEARCH FOCUSED ON NEURO-ONCOLOGY RESEARCH AT THE CHILDREN'S HOSPITAL OF LOS ANGELES 10,000

CAMP HORIZON INC

7507 ROSWELL RD PMB 251
SANDY SPRINGS,GA30350 		N/A PC GENERAL OPERATING SUPPORT 10,000

CANINE ASSISTANTS

3160 FRANCIS ROAD
ALPHARETTA,GA30201 		N/A PC GENERAL OPERATING SUPPORT 100,000

CENTER FOR FAMILY RESOURCES

400 FRANKLIN GATEWAY SE SUITE 250
MARIETTA,GA30067 		N/A PC GENERAL OPERATING SUPPORT 10,000

CHAMBLISS CENTER FOR CHILDREN

315 GILLESPIE RD
CHATTANOOGA,TN374113105 		N/A PC GENERAL OPERATING SUPPORT 2,500

CHILD ABUSE PREVENTION ASSOCIATION

PO BOX 531
BEAUFORT,SC299010531 		N/A PC GENERAL OPERATING SUPPORT 15,000

CHILDREN'S HEALTHCARE OF ATLANTA

1575 NORTHEAST EXPRESSWAY
ATLANTA,GA30329 		N/A PC PROGRAM SUPPORT 25,000

CHILDREN'S RESTORATION NETWORK

11285 ELKINS ROAD SUITE C-4
ROSWELL,GA30076 		N/A PC GENERAL OPERATING SUPPORT 50,000

CHRIS 180 INC

1030 FAYETTEVILLE ROAD
ATLANTA,GA30316 		N/A PC GENERAL OPERATING SUPPORT 50,000

CITY OF CHARLESTON

PO BOX 420
CHARLESTON,MS38921 		N/A GOV SPECIAL PROJECT SUPPORT 56,480

CLEAN AIR TASK FORCE INC

114 STATE STREET 6TH FLOOR
BOSTON,MA021092421 		N/A PC GENERAL OPERATING SUPPORT 10,000

COMMUNITY ASSISTANCE CENTER

1130 HIGHTOWER TRAIL
ATLANTA,GA30350 		N/A PC GENERAL OPERATING SUPPORT 30,000

COMPASSION AND CHOICES

8156 S WADSWORTH BLVD STE E-162
LITTLETON,CO801289114 		N/A PC GENERAL OPERATING SUPPORT 25,000

DELTA WATERFOWL FOUNDATION

1312 BASIN AVENUE
BISMARCK,ND58504 		N/A PC PROGRAM SUPPORT 100,000

DRUID HILLS CHILD DEVELOPMENT CENTER INC

1026 PONCE DE LEON AVE NE
ATLANTA,GA303064216 		N/A PC GENERAL OPERATING SUPPORT 10,000

DUCKS UNLIMITED INC

1 WATERFOWL WAY
MEMPHIS,TN381202351 		N/A PC SPECIAL PROJECT SUPPORT 400,000

EMORY UNIVERSITY

201 DOWNMAN DRIVE SUITE 404
ATLANTA,GA303221710 		N/A PC SPECIAL PROJECT SUPPORT 10,000

EMPTY STOCKING FUND

693 HUMPHRIES ST SW
ATLANTA,GA30310 		N/A PC GENERAL OPERATING SUPPORT 50,000

FERNBANK MUSEUM OF NATURAL HISTORY

767 CLIFTON ROAD NE
ATLANTA,GA30307 		N/A PC GENERAL OPERATING SUPPORT 5,000

FOSTER CARE SUPPORT FOUNDATION INC

3334 TRAILS END ROAD
ROSWELL,GA30075 		N/A PC GENERAL OPERATING SUPPORT 25,000

FRENCH BROAD RIVER ACADEMY INC

1990 RIVERSIDE DR
ASHEVILLE,NC288040034 		N/A PC SPECIAL PROJECT SUPPORT 25,000

GEORGE WEST MENTAL HEALTH FOUNDATION

1961 NORTH DRUID HILLS ROAD NE
ATLANTA,GA30329 		N/A PC GENERAL OPERATING SUPPORT 10,000

GEORGE WEST MENTAL HEALTH FOUNDATION

1961 NORTH DRUID HILLS ROAD NE
ATLANTA,GA30339 		N/A PC GENERAL OPERATING SUPPORT 1,000

GEORGIA CAMPAIGN FOR ADOLESCENT POWER & POTENTIAL INC

1849 THE EXCHANGE SE SUITE 200
ATLANTA,GA30339 		N/A PC GENERAL OPERATING SUPPORT 10,000

GEORGIA COURT APPOINTED SPECIAL ADVOCATES INC

75 MARIETTA ST NW SUITE 404
ATLANTA,GA30303 		N/A PC GENERAL OPERATING SUPPORT 50,000

GEORGIA RESILIENCE AND OPPORTUNITY FUND INC

777 MEMORIAL DRIVE SE UNIT 753
ATLANTA,GA303161383 		N/A PC GENERAL OPERATING SUPPORT 25,000

GOLDEN HARVEST FOOD BANK INC

3310 COMMERCE DRIVE
AUGUSTA,GA30909 		N/A PC GENERAL OPERATING SUPPORT 5,000

GRAND TETON NATIONAL PARK FOUNDATION

PO BOX 249
MOOSE,WY83012 		N/A PC GENERAL OPERATING SUPPORT 5,000

GREENWICH COUNTRY DAY SCHOOL INC

401 OLD CHURCH ROAD PO BOX 623
GREENWICH,CT068360623 		N/A PC GENERAL OPERATING SUPPORT 25,000

HANNAHS HOUSE INC

PO BOX 217
WAITSFIELD,VT056730217 		N/A PC GENERAL OPERATING SUPPORT 15,000

HAPPY TAILS PET THERAPY INC

PO BOX 767961
ROSWELL,GA30076 		N/A PC GENERAL OPERATING SUPPORT 10,000

HEALTHWELL FOUNDATION

20440 CENTURY BOULEVARD SUITE 250
GERMANTOWN,MD208749180 		N/A PC GENERAL OPERATING SUPPORT 10,000

HILLSIDE INC

690 COURTENAY DRIVE NE
ATLANTA,GA30306 		N/A PC GENERAL OPERATING SUPPORT 5,000

LOWCOUNTRY FOOD BANK INC

2864 AZALEA DRIVE
CHARLESTON,SC29405 		N/A PC GENERAL OPERATING SUPPORT 5,000

MARINE TOYS FOR TOTS FOUNDATION

18251 QUANTICO GATEWAY DRIVE
TRIANGLE,VA221721776 		N/A PC GENERAL OPERATING SUPPORT 25,000

MEALS ON WHEELS ATLANTA

1705 COMMERCE DR NW
ATLANTA,GA30318 		N/A PC GENERAL OPERATING SUPPORT 15,000

MELANOMA RESEARCH FOUNDATION

1420 K STREET NW 7TH FLOOR
WASHINGTON,DC20005 		N/A PC GENERAL OPERATING SUPPORT 5,000

MEMORIAL SLOAN-KETTERING CANCER CENTER

1275 YORK AVENUE
NEW YORK,NY10065 		N/A PC GENERAL OPERATING SUPPORT 15,000

MIA'S MIRACLES FOUNDATION INC

7901 4TH ST N STE 300
ST PETERSBURG,FL337024399 		N/A PC PROGRAM SUPPORT 105,600

MISSISSIPPI WILDLIFE FISHERIES AND PARKS FOUNDATION

4800 I-55 N SUITE 28
JACKSON,MS392115555 		N/A SO I PROGRAM SUPPORT 12,000

MONTANA LAND RELIANCE

324 FULLER AVENUE PO BOX 355
HELENA,MT596240355 		N/A PC GENERAL OPERATING SUPPORT 10,000

MOVEMBER FOUNDATION

8559 HIGUERA STREET
CULVER CITY,CA902322535 		N/A PC PROGRAM SUPPORT 50,000

MULTIPLE MYELOMA RESEARCH FOUNDATION

51 LOCUST AVENUE SUITE 201
NEW CANAAN,CT06840 		N/A PC GENERAL OPERATING SUPPORT 10,000

MUST MINISTRIES INC

1260 COBB PARKWAY NORTH
MARIETTA,GA30061 		N/A PC GENERAL OPERATING SUPPORT 15,000

NATIONAL OUTDOOR LEADERSHIP SCHOOL

284 LINCOLN STREET
LANDER,WY825209907 		N/A PC GENERAL OPERATING SUPPORT 20,000

NATIONAL PARKS CONSERVATION ASSOCIATION

777 6TH STREET NW SUITE 700
WASHINGTON,DC20001 		N/A PC GENERAL OPERATING SUPPORT 5,000

PATH FOUNDATION INC

1601 WEST PEACHTREE STREET
ATLANTA,GA30309 		N/A PC GENERAL OPERATING SUPPORT 15,000

PROTESTANT EPISCOPAL HIGH SCHOOL IN VIRGINIA

1200 NORTH QUAKER LANE
ALEXANDRIA,VA223023000 		N/A PC PROGRAM SUPPORT 35,000

PROTESTANT EPISCOPAL HIGH SCHOOL IN VIRGINIA

1200 NORTH QUAKER LANE
ALEXANDRIA,VA223023000 		N/A PC GENERAL OPERATING SUPPORT 25,000

SHEPHERD CENTER FOUNDATION INC

2020 PEACHTREE RD NW
ATLANTA,GA303091426 		N/A PC GENERAL OPERATING SUPPORT 10,000

SNOWMASS CHAPEL & COMMUNITY CENTER INC

5307 OWL CREEK ROAD PO BOX 17169
SNOWMASS VILLAGE,CO816157169 		N/A PC GENERAL OPERATING SUPPORT 10,000

SPORTSMEN'S ALLIANCE FOUNDATION

801 KINGSMILL PKWY
COLUMBUS,OH432291137 		N/A PC GENERAL OPERATING SUPPORT 20,000

TALLAHATCHIE GENERAL HOSPITAL MEDICAL FOUNDATION

PO BOX 423
CHARLESTON,MS389210423 		N/A PC PROGRAM SUPPORT 15,000

TALLAHATCHIE GENERAL HOSPITAL MEDICAL FOUNDATION

PO BOX 423
CHARLESTON,MS389210423 		N/A PC PROGRAM SUPPORT 95,000

THE CATHEDRAL OF ST PHILIP

2744 PEACHTREE RD NW
ATLANTA,GA30305 		N/A PC GENERAL OPERATING SUPPORT 50,000

TWIN BRIDGES SENIOR & COMMUNITY CENTER INC

PO BOX 7
TWIN BRIDGES,MT597540007 		N/A PC GENERAL OPERATING SUPPORT 2,500

UNIVERSITY OF MICHIGAN

109 ZINA PITCHER PLACE 5017 BSRB
ANN ARBOR,MI481092200 		N/A PC PROGRAM SUPPORT 1,654,000

USA CYCLING FOUNDATION

210 USA CYCLING POINT SUITE 100
COLORADO SPRINGS,CO80919 		N/A PC GENERAL OPERATING SUPPORT 2,500

VERMONT FOODBANK

33 PARKER ROAD
BARRE,VT05641 		N/A PC GENERAL OPERATING SUPPORT 15,000

VISITING NURSE HEALTH SYSTEM

5775 GLENRIDGE DRIVE NE SUITE E200
ATLANTA,GA30328 		N/A PC GENERAL OPERATING SUPPORT 1,000

VOX PRESS INC

PO BOX 2954
OXFORD,MS38655 		N/A PC PROGRAM SUPPORT 10,000

WESTMINSTER SCHOOLS INC

1424 WEST PACES FERRY RD NW
ATLANTA,GA30327 		N/A PC GENERAL OPERATING SUPPORT 25,000

WETLANDS AMERICA TRUST INC

1 WATERFOWL WAY
MEMPHIS,TN381202350 		N/A SO I GENERAL OPERATING SUPPORT 10,000

WILD SALMON CENTER

721 NW NINTH AVENUE SUITE 300
PORTLAND,OR97209 		N/A PC SPECIAL PROJECT SUPPORT 200,000

WOODWARD ACADEMY

1662 RUGBY AVENUE
COLLEGE PARK,GA30337 		N/A PC GENERAL OPERATING SUPPORT 1,000

WOODWARD ACADEMY

1662 RUGBY AVENUE
COLLEGE PARK,GA30337 		N/A PC GENERAL OPERATING SUPPORT 25,000

YMCA OF METROPOLITAN ATLANTA INC

569 MLK JR DRIVE NW
ATLANTA,GA30314 		N/A PC GENERAL OPERATING SUPPORT 1,000

YOUTH VILLAGES GEORGIA

4685 DORSETT SHOALS ROAD
DOUGLASVILLE,GA30135 		N/A PC PROGRAM SUPPORT 5,000
Total .................................right arrow 3a 3,848,580
bApproved for future payment

UNIVERSITY OF MICHIGAN
1400 E MEDICAL CENTER DRIVE
ANN ARBOR,MI481092200 		N/A PC PROGRAM SUPPORT 3,346,000
Total ................................. right arrow 3b 3,346,000
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 2,161,673  
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 12,482  
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 -6,335 18 2,854,391  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIPS - UBIT 		525990 -3,933      
bPARTNERSHIP INCOME     14 -6,439  
cPARTNERSHIP NONDEDUCTIBLE EXPENSES     14 -5  
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -10,268 5,022,102 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,011,834
(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:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING EXPENSE 16,555 0   16,555

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

TY 2024 ExpenditureResponsibilityStmt
Name:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
BRAYDEN COLE HINCK FOUNDATION INC
  		3459 MALAGA CT
CALABASAS,CA913023077 		2024-08-20 10,000 TO SUPPORT A FELLOW IN CANCER & BLOOD DISEASE RESEARCH FOCUSED ON NEURO-ONCOLOGY RESEARCH AT THE CHILDREN'S HOSPITAL OF LOS ANGELES 10,000 NONE 2/20/25 2025-02-20 THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
DUCKS UNLIMITED CANADA
  		1 MALLARD BAY AT HIGHWAY 220 P O
BOX 1160
STONEWALL,MANITOBAROC 220
CA 		2023-04-20 1,000,000 DESIGNATED TO SUPPORT THE ESTABLISHMENT OF THE ENDOWED CHAIR IN WETLAND AND WATERFOWL CONSERVATION AT THE UNIVERSITY OF SASKATCHEWAN 243,460 NONE 3/31/2024, 3/31/2025   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

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TY 2024 GainLossSaleOtherAssetsSch
Name:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
UBI LONG TERM LOSS FROM K-1: HIG ADVANTAGE BUYOUT FUND, LP   PURCHASED         COST 0 -6,335  

TY 2024 InvestmentsCorpBondsSchedule
Name:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
Name of Bond End of Year Book Value End of Year Fair Market Value
ANHEUSER-BUSCH INBEV FIN 22,789 19,893
FISERV INC 28,919 28,361
GOLDMAN SACHS GROUP INC 37,510 36,481
JPMORGAN CHASE & CO 45,243 44,714
MORGAN STANLEY 66,113 65,489
UNITEDHEALTH GROUP INC 30,076 27,180
VERIZON COMMUNICATIONS 42,682 33,503

TY 2024 InvestmentsCorpStockSchedule
Name:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
Name of Stock End of Year Book Value End of Year Fair Market Value
1ST CTZNS BNCSHS INC A 89,461 114,103
ADOBE SYS DEL PV$ 0.001 140,749 144,966
ADVANCED DRAIN SYS INC 59,025 60,921
ADVNCD MICRO D INC 110,229 114,267
AES CORP 156,687 123,655
AGILENT TECHNOLOGIES INC 84,349 86,381
AIRBNB INC CL A 56,836 55,455
AIRBNB INC CL A 182,420 154,670
ALIBABA GROUP HOLDING LT 93,966 42,734
ALLSTATE CORP DEL COM 70,448 105,456
ALLY FINL INC 144,688 145,012
ALPHABET INC SHS CL A 89,304 219,777
ALPHABET INC SHS CL A 145,091 193,086
ALPHABET INC SHS CL A 109,580 160,148
ALPHABET INC SHS CL A 170,894 262,938
ALPHABET INC SHS CL C 79,968 193,487
ALPHABET INC SHS CL C 187,163 274,043
AMAZON COM INC COM 226,205 428,907
AMAZON COM INC COM 315,793 527,194
AMAZON COM INC COM 352,826 518,199
AMERICAN INTERNATIONAL GROUP INC 151,358 153,754
AMERICAN INTERNATIONAL GROUP INC 79,276 95,805
AMERICAN TOWER REIT INC 117,463 107,662
AMETEK INC NEW 74,957 105,993
AMETEK INC NEW 267,482 292,382
AMPHENOL CORP CL A NEW 140,844 227,032
AON PLC 278,092 274,398
APACHE CORP 100,534 73,472
API GROUP CORP REG SHS 318,157 332,111
APPLE INC 246,406 372,875
APPLIED INDUSTRL TECH 51,601 72,799
APPLIED MATERIALS INC 102,263 98,391
ARES MANAGEMENT INC 137,415 164,638
ARTISAN INTERNATIONAL 2,938,773 3,157,343
ASHLAND INC NEW 141,401 120,053
ASML HLDG NV NY REG SHS 95,272 94,952
ATMOS ENERGY CORP COM 83,309 108,631
AUTODESK INC COM 120,344 184,436
AVERY DENNISON CORP 86,525 85,893
BANK NEW YORK MELLON 95,795 130,381
BANKUNITED INC 92,909 92,906
BAXTER INTERNTL INC 60,637 44,177
BECTON DICKINSON CO 292,389 288,806
BIO TECHNE CORP COM STK 93,714 95,512
BLACKROCK ALLOCATION 429,384 378,208
BLACKROCK ALLOCATION 646,623 562,610
BLACKROCK ALLOCATION 48,947 48,551
BLACKROCK GLOBAL ALLOCATION FD INC INSTL 3,826,247 3,590,506
BLACKROCK INC 39,692 55,356
BLACKROCK LIQUIDITY FUND 20,287 20,287
BLACKROCK LIQUIDITY FUND 39,981 39,981
BLACKROCK MULTI-SECTOR 8,121 0
BOEING COMPANY 301,590 287,448
BOEING COMPANY 143,362 142,839
BORG WARNER INC COM 50,212 49,306
BRISTOL-MYERS SQUIBB CO 111,175 113,063
BURLINGTON STORES INC 27,248 41,904
CACI INTL INC CL A 235,770 238,799
CADENCE DESIGN SYS INC 122,122 172,464
CAMDEN PPTY TR SH 86,131 82,504
CANADIAN PAC KANS CITY 99,396 95,239
CANADIAN PAC KANS CITY 317,295 296,789
CAPITAL ONE FINL 102,809 133,918
CARLYLE (THE) GROUP INC 56,946 55,589
CARRIER GLOBAL CORP REG 60,685 59,728
CATERPILLAR INC DEL 93,416 110,279
CBRE GROUP INC COM 75,309 111,465
CBRE GROUP INC COM 161,981 222,930
CBRE GROUP INC COM 90,684 123,675
CCC INTELLIGENT 63,711 66,321
CELANESE CORP DEL SER A 59,649 28,861
CENTENE CORP 149,842 119,524
CENTENE CORP 109,839 103,349
CHARLES RIVER LABS INTL 432,883 359,232
CHARTER COMMUNICATIONS INC NEW CL A 104,462 114,828
CHEVRON CORP 102,247 95,450
CHIPOTLE MEXICAN GRILL 76,406 127,595
CIENA CORP 53,867 105,334
CIGNA CORP 94,256 90,022
CISCO SYSTEMS INC COM 71,660 78,854
CITIGROUP INC COM NEW 177,047 219,194
CITIGROUP INC COM NEW 89,669 139,020
CLEAN HARBORS INC 209,613 250,622
COLGATE PALMOLIVE 87,572 101,183
COMCAST CORP NEW CL A 126,736 103,320
CONCENTRA GROUP HLDGS 92,161 79,733
CONOCOPHILLIPS 55,431 53,453
CONOCOPHILLIPS 147,023 129,714
COPART INC COM 45,400 65,654
COREBRIDGE FINL INC 53,344 54,383
CORNING INC 76,762 117,945
CORTEVA INC REG SHS 96,325 97,231
CORTEVA INC REG SHS 113,887 120,072
CRH SPON ADR EA REPR 1 ORD SHS EUR0.32 75,546 116,113
CROWN CASTLE INTL CORP 235,066 239,884
CSX CORP 101,821 102,328
CVS CAREMARK CORP 64,510 42,421
CVS CAREMARK CORP 113,882 84,528
DANAHER CORP DEL COM 136,774 123,957
DANAHER CORP DEL COM 90,968 95,034
DANAHER CORP DEL COM 179,668 180,885
DATADOG INC REG SHS CL A 85,902 96,879
DEERE CO 25,327 32,625
DEERE CO 149,141 166,938
DELTA AIR LINES INC 68,653 91,355
DISNEY (WALT) CO COM STK 184,070 179,829
DISNEY (WALT) CO COM STK 113,279 124,711
DOUBLELINE CORE FIXED 5,726,414 5,253,918
DOUBLELINE TOTAL RETURN 5,547,248 5,057,115
DYNATRACE INC REG SHS 144,276 148,972
EAGLE MATERIALS INC 59,794 56,261
EATON CORP PLC FGN 57,365 96,905
ECOLAB INC 85,065 99,819
ELANCO ANIMAL HEALTH INC 113,547 92,071
ELEVANCE HEALTH INC COM 71,360 63,820
ELI LILLY & CO 140,281 208,440
EOG RESOURCES INC 126,346 129,199
EPAM SYSTEMS INC SHS 113,858 133,044
EQUIFAX INC 88,149 89,452
EQUITABLE HLDGS INC 106,044 103,491
EXPEDITORS INTL WASH INC 52,969 69,342
FACTSET RESH SYS INC 51,470 76,845
FACTSET RESH SYS INC 41,997 46,107
FIRST AMERICAN FINL CORP 124,514 133,434
FIRSTENERGY CORP 84,307 93,642
FISERV INC 106,228 143,178
FOOT LOCKER INC COM 69,048 64,518
FORTIVE CORP 72,873 75,075
FORTUNE BRANDS INNOVATIONS INC 85,133 75,915
FREEPRT-MCMRAN CPR & GLD 108,182 103,235
GALLAGHER ARTHUR J & CO 172,941 201,250
GE HEALTHCARE 55,820 54,726
GENERAL ELECTRIC 105,521 98,406
GENERAL MOTORS CO 134,440 173,820
GENUINE PARTS CO 58,995 48,572
GLOBAL PMTS INC GEORGIA 142,860 153,858
GLOBAL PMTS INC GEORGIA 109,080 107,802
HOME DEPOT INC 172,280 164,154
ILLINOIS TOOL WORKS 54,841 58,826
ILLUMINA INC COM 105,805 61,603
INTERCONTINENTALEXCHANGE 268,133 251,976
INTERCONTINENTALEXCHANGE 132,850 144,242
INTERCONTINENTALEXCHANGE 118,496 158,696
INTUIT COM 175,113 209,291
INTUIT COM 213,203 281,568
INTUITIVE SURGICAL INC NEW 38,137 97,085
INTUITIVE SURGICAL INC NEW 96,320 181,642
INTUITIVE SURGICAL INC NEW 97,333 105,958
IQVIA HLDGS INC 152,933 126,552
ISHARES CORE U.S. 3,624,476 3,359,032
ISHARES EDGE MSCI 1,688,095 2,532,688
ISHARES EDGE MSCI MIN 834,870 1,029,314
ISHARES EDGE MSCI MIN VOL USA ETF 1,456,171 1,914,366
ISHARES EDGE MSCI USA VALUE FACTOR ETF 1,034,624 1,236,368
ISHARES MSCI EAFE 2,827,460 3,052,169
ISHARES RS 2000 GROWTH 3,038,173 3,404,633
ISHARES RS 2000 VALUE 1,677,658 1,778,450
ISHARES RUSSELL 1000 6,976,627 8,555,445
ISHARES RUSSELL 1000 3,704,177 6,059,937
JABIL CIRCUIT INC 234,055 254,703
JPMORGAN CHASE & CO 155,776 152,935
JPMORGAN CHASE & CO 78,049 123,930
KENVUE INC 98,705 103,441
KEURIG DR PEPPER INC COM 86,465 84,219
KKR & CO INC CL A 196,242 302,920
KLA TENCOR CORP PV$0.001 131,799 122,873
KROGER CO COM 107,506 137,832
LIBERTY BROADBAND CORP 33,763 35,361
LIBERTY MEDIA CORP REG 192,903 251,016
LOWE-S COMPANIES INC 99,370 113,528
MADDEN STEVEN LTD 48,983 54,383
MAGNA INTL INC CL A VTG 66,614 52,446
MARATHON PETROLEUM CORP 89,146 82,445
MARTIN MARIETTA MATLS 58,221 60,431
MARTIN MARIETTA MATLS 229,238 222,095
MARVELL TECHNOLOGY GROUP 164,652 264,528
MARVELL TECHNOLOGY GROUP 145,312 286,286
MASCO CORP 66,586 64,007
MASIMO CORP 79,511 107,610
MASTERCARD INC 237,676 328,053
MATADOR RES CO 88,212 87,878
MERCK AND CO INC SHS 107,422 99,679
META PLATFORMS INC 164,139 494,756
METLIFE INC COM 73,940 96,537
MICROCHIP TECHNOLOGY INC 84,061 64,576
MICROCHIP TECHNOLOGY INC 75,536 50,411
MICROSOFT CORP 132,365 284,091
MICROSOFT CORP 332,500 472,502
MICROSOFT CORP 328,982 437,939
MONOLITHIC PWR SYSTEMS 128,140 143,783
MONSTER BEVERAGE SHS 110,037 150,059
MORGAN STANLEY 78,564 117,548
MOTOROLA SOLUTIONS INC 121,196 202,457
MSCI INC 110,921 126,002
NASDAQ OMX GRP INC 87,056 107,152
NETFLIX COM INC 143,899 395,746
NIKE INC CL B 57,858 58,039
NISOURCE INC 99,079 140,607
NOVARTIS ADR 57,136 63,933
NOVO NORDISK A S ADR 68,326 106,493
NVIDIA CORP 101,502 621,628
NVIDIA CORP 44,140 159,805
NVIDIA CORP 141,168 532,191
ORACLE CORP $0.01 DEL 121,951 317,283
ORACLE CORP $0.01 DEL 214,762 241,295
O-REILLY AUTOMOTIVE INC 113,083 150,597
PAYPAL HLDGS INC COM 71,283 61,793
PEPSICO INC 123,183 106,442
PG&E CORP 105,628 127,134
PHILIP MORRIS INTL INC 75,288 95,919
PHILLIPS 66 SHS 148,526 123,044
PROGRESSIVE CORP OHIO 82,121 139,213
PROGRESSIVE CORP OHIO 198,295 231,224
PTC INC SHS 63,852 90,464
QUALCOMM INC 59,375 92,326
QUALCOMM INC 65,866 74,813
QUALCOMM INC 113,279 139,180
RANDGOLD RES LTD ADR 75,237 72,060
RANGE RESOURCES CORP DEL 39,776 42,600
RAYTHEON TECHNOLOGIES 77,196 105,421
REGAL REXNORD CORP 75,884 99,128
REGENERON PHARMACTCLS 81,430 106,850
REINSURANCE GROUP AMER INC COM NEW 57,460 57,894
REINSURANCE GROUP AMER INC COM NEW 47,383 55,971
ROCHE HLDG LTD SPN ADR FGN 57,929 50,157
ROCKWELL AUTOMATION INC 53,254 53,443
ROSS STORES INC COM 101,993 131,907
SALESFORCE COM INC 109,727 209,625
SALESFORCE COM INC 124,544 203,273
SBA COMMUNICATIONS CPRP CL A 296,524 282,671
SCHLUMBERGER LTD FGN 150,292 108,541
SCHWAB CHARLES CORP NEW 137,772 161,046
SEI INVT CO PA PV $0.01 54,522 78,438
SERVICENOW INC 159,117 288,353
SHOPIFY INC CL A 87,009 162,898
SKYLINE CORP 63,972 60,965
SOUTHWEST AIRLNS CO 76,049 84,285
SQUARE INC SHS CL A 80,404 67,227
STARBUCKS CORP 93,639 96,451
STATE STREET CORP 94,402 120,136
SUN COMMNTYS INC 96,795 96,777
TE CONNECTIVITY LTD 65,071 62,478
TECHNIPFMC PLC REG SHS 66,722 98,136
TELEDYNE TECH INC 90,977 114,176
TENABLE HOLDINGS INC REG 42,795 38,120
TERADATA CORP DEL 76,244 54,232
TERRENO REALTY CORP SHS 95,151 94,624
TESLA MTRS INC 261,002 614,644
THERMO FISHER SCIENTIFIC 77,798 75,954
THERMO FISHER SCIENTIFIC 153,225 149,306
THERMO FISHER SCIENTIFIC 117,938 117,052
TJX COS INC NEW 105,486 153,066
TRADE (THE) DESK INC SHS 47,368 43,016
TRUIST FINL CORP 110,150 127,711
UBER TECHNOLOGIES INC 201,503 195,437
UBER TECHNOLOGIES INC 126,012 154,178
VERALTO CORP 65,751 76,897
VERALTO CORP 100,607 124,461
VERISK ANALYTICS INC 101,396 127,800
VERIZON COMMUNICATNS COM 134,476 155,681
VERTEX PHARMACEUTCLS INC 99,452 153,831
VERTEX PHARMACEUTCLS INC 133,439 128,864
VISA INC CL A SHRS 201,890 329,946
VISA INC CL A SHRS 116,088 149,803
VISA INC CL A SHRS 200,537 277,167
VONTIER CORP 112,529 135,158
WALKER & DUNLOP INC 114,878 114,222
WARNER BROS DISCOVERY 69,977 78,968
WELLS FARGO & CO NEW DEL 117,239 163,589
WELLS FARGO & CO NEW DEL 64,995 102,902
WELLTOWER INC 227,943 221,813
WEST PHARMACTL SVCS INC 180,061 168,038
WILLIAMS CO INC 63,728 98,174
WILLIS TOWERS WATSON PLC LTD CO 101,080 117,778
WILLSCOT HLDGS 41,875 34,353
WOODWARD INC 71,458 86,538
WORKDAY INC CL A 33,456 50,058
WORKDAY INC CL A 149,246 145,013
XYLEM INC SHS 98,591 97,689
YUM BRANDS INC 46,007 57,420
YUM CHINA HOLDINGS INC 25,916 26,686
ZOOMINFO TECHNOLOGIES 41,845 41,000

TY 2024 InvestmentsGovtObligationsSch
Name:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
US Government Securities - End of Year Book Value:

1,089,180
US Government Securities - End of Year Fair Market Value:

997,772
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACADIAN ALL COUNTRY WORLD EX US FUND AT COST 901,324 1,029,771
BDT CAPITAL PARTNERS FUND II, L.P. (TE) AT COST 767,200 1,170,759
BDT CAPITAL PARTNERS FUND II-A SPIRITS, L.P. AT COST 21,744 30,890
BDT CAPITAL PARTNERS FUND IV, L.P. AT COST 715,320 843,619
FALFURRIAS CAPITAL PARTNERS I, L.P. AT COST 195,150 233,820
FALFURRIAS CAPITAL PARTNERS III, L.P. AT COST 55,758 733,845
FALFURRIAS CAPITAL PARTNERS IV, L.P. AT COST 340,570 968,209
FALFURRIAS CAPITAL PARTNERS V, L.P. AT COST 411,215 532,999
H.I.G. ADVANTAGE BUYOUT FUND AIV AT COST 20,716 20,716
H.I.G. ADVANTAGE BUYOUT FUND, L.P. AT COST 659,682 1,094,858
TTV FUND VI, L.P. AT COST 231,919 257,221

TY 2024 LegalFeesSchedule
Name:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 853 0   853


TY 2024 OtherExpensesSchedule
Name:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES AND SUBSCRIPTIONS 7,500 0   7,500
BANK FEES 894 894   0
FILING FEES 30 0   30


TY 2024 OtherIncomeSchedule2
Name:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 12,482 12,482 12,482
PARTNERSHIPS - UBIT -3,933   -3,933
PARTNERSHIP INCOME -6,439 -6,439 -6,439
PARTNERSHIP NONDEDUCTIBLE EXPENSES -5   -5


TY 2024 OtherProfessionalFeesSchedule
Name:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING EXPENSE 23,585 7,434   16,151
INVESTMENT MANAGEMENT FEES 443,990 443,990   0


TY 2024 TaxesSchedule
Name:
J C KENNEDY FOUNDATION INC
EIN:
20-0424251
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL INCOME TAX 166,000 0   0
FOREIGN TAXES PAID 1,900 1,900   0
STATE TAX 300 0   0