Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
Kelly Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address) PO Box 3955
  Room/suite
City or town
Olathe
State or province
KS
Country  
ZIP or foreign postal code
66063
A Employer identification number

27-6825262
B Telephone number (see instructions)

9132101788
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$28,860,202J 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) 428,811
2 Check .................
3 Interest on savings and temporary cash investments 57,995 57,995  
4 Dividends and interest from securities... 667,711 667,711  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 14,772
b Gross sales price for all assets on line 6a 6,418,871
7 Capital gain net income (from Part IV, line 2)... 14,772
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).......      
12 Total. Add lines 1 through 11........ 1,169,289 740,478  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
10,695 6,087    
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 list of attachments
List of Attached Documents:
// Content
117,719 117,719    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 128,414 123,806   0
25 Contributions, gifts, grants paid....... 3,973,277 3,973,277
26 Total expenses and disbursements. Add lines 24 and 25 ................ 4,101,691 123,806   3,973,277
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,932,402
b Net investment income (if negative, enter -0-) 616,672
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 997,729 1,222,057 1,222,057
2 Savings and temporary cash investments.........      
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
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)  
Less: allowance for doubtful accounts        
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)....... 19,114,766 19,345,536 24,456,617
c Investments—corporate bonds (attach schedule)....... 5,186,483 3,115,999 3,181,528
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 25,298,978 23,683,592 28,860,202
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 )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
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
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 25,298,978 23,683,592
29 Total net assets or fund balances (see instructions)..... 25,298,978 23,683,592
30 Total liabilities and net assets/fund balances (see instructions). 25,298,978 23,683,592
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
25,298,978
2
Enter amount from Part I, line 27a .....................
2
-2,932,402
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
1,317,016
4
Add lines 1, 2, and 3 ..........................
4
23,683,592
5
Decreases not included in line 2 (itemize)
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
23,683,592
Form 990-PF (2025)
Form 990-PF (2025)
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 Capital Gain Distributions P   2025-12-31
b ST Covered from Investments Accounts P   2025-12-31
c LT Covered from Investments Accounts P   2025-12-31
d LT Noncovered from Investment Accounts P   2025-12-31
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 108,933     108,933
b 1,375,813   1,402,802 -26,989
c 2,609,519   2,449,648 159,871
d 2,324,606   2,551,649 -227,043
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       108,933
b       -26,989
c       159,871
d       -227,043
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 14,772
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 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 8,572
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  
3 Add lines 1 and 2........................... 3 8,572
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 8,572
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 12,835
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 12,835
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
8 201
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 4,062
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax4,062 Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
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)
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 2025 or the taxable year beginning in 2025? 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 addressN/A
14
The books are in care ofBonnie C Kelly Telephone no. (913) 210-1788

Located atPO Box 3955OlatheKS ZIP+466063
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
Bonnie C Kelly Trustee
1.00 		0    
PO Box 3955
Olathe,KS66063
Gerald A Kelly Jr Trustee
1.00 		0    
PO Box 3955
Olathe,KS66063
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...................  
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
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.........................  
Form 990-PF (2025)
Form 990-PF (2025)
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
29,523,520
b
Average of monthly cash balances.......................
1b
165,702
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
29,689,222
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
 
3
Subtract line 2 from line 1d.........................
3
29,689,222
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
445,338
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
29,243,884
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
1,462,194
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
1,462,194
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
8,572
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
8,572
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,453,622
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,453,622
6
Deduction from distributable amount (see instructions) .................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,453,622
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, line 26, column (d) ..........
1a
3,973,277
b
Program-related investments—total from Part VIII-B..................
1b
 
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
3,973,277
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 1,453,622
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 1,241,866
b From 2021...... 1,469,663
c From 2022...... 1,029,534
d From 2023...... 1,536,970
e From 2024...... 2,357,493
f Total of lines 3a through e ........ 7,635,526
4Qualifying distributions for 2025 from Part
XI, line 4: $ 3,973,277
a Applied to 2024, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		 
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 1,453,622
e Remaining amount distributed out of corpus 2,519,655
5 Excess distributions carryover applied to 2025.    
(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 10,155,181
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		1,241,866
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		8,913,315
10 Analysis of line 9:
a Excess from 2021 .... 1,469,663
b Excess from 2022 .... 1,029,534
c Excess from 2023 .... 1,536,970
d Excess from 2024 .... 2,357,493
e Excess from 2025 .... 2,519,655
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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).)
Bonnie C Kelly
Gerald A Kelly Jr
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here 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, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Bonnie C Kelly
PO Box 3955
Olathe,KS66063
(913) 210-1788
bThe form in which applications should be submitted and information and materials they should include:
Unspecified
cAny submission deadlines:
Not Applicable
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
All submissions should relate to the foundation's mission statement and be used to improve the quality of life in children, women and animals within the United States by supporting programs that focus on education, mental and physical wellness and caliber of life.
Form 990-PF (2025)
Form 990-PF (2025)
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
Backpack Buddies Seabrook Island


130 Gardeners Circle PMB K
Johns Island,SC29455 		    To feed hungry children living below the poverty line attending Charleston County, SC public schools. 2,000
Barrier Island Free Medical Clinic


3226 Maybank Hwy Building C
Johns Island,SC29455 		    Donation to provide medical support to those in need. 200,925
The Bement School


94 Old Main Street PO Box 8
Deerfield,MA01342 		    To help student programs and further student success. 290,000
Benedictine Sis of Perpetual Adorat


31970 State Hwy P
Clyde,MO64432 		    To support the ministry of charity, community life, and offering a space for silence, prayer, and spiritual hospitality in a shared environment of monastic peace. 20,000
Birthright of Kansas City


6309 Walnut St
Kansas City,MO64113 		    To provide support for pregnant women. 5,000
Bravo Vail


2271 North Frontage Rd W Suite C
Vail,CO81657 		    To enrich people's lives by fostering music education and promoting an appreciation of the arts. 5,000
Catholic Charities of KC - St Josep


PO Box 414378 WS186
Kansas City,MO64141 		    To help the Catholic Church provide to charity to the underprivileged. 30,000
Catholic Charities of NE Kansas


9720 West 87th St
Overland Park,KS66212 		    To help the Catholic Church provide charity to the underprivileged. 16,000
Catholic Education Foundation


12615 Parallel Parkway
Kansas City,KS66109 		    To help provide Catholic education for underprivileged children. 125,000
Charleston Area Therapeutic Riding


2669 Hamilton Rd
Johns Island,SC29455 		    To assist with providing quality therapeutic horseback riding programs to individuals with a wide variety of disabilities in a safe and enjoyable environment. 150,000
Charleston Collegiate School


2024 Academy Dr
Johns Island,SC29455 		    To support education. 5,000
City Union Mission


1100 E 11th St
Kansas City,MO64106 		    To help provide clothing and other items for the poor and homeless. 5,000
Comm Adolescent Resource Education


247 Cabot St
Holyoke,MA01040 		    To provide education, social and other support services for parenting, pregnant or at-risk teenagers. 40,000
Cultural Enrichment Center of FC


2439 S College Ave Suite C
Fort Collins,CO80525 		    To help connect participants with history, literature, arts, music, dance, traditions, and folklore of the African American experience. 30,000
Doctors Without Borders


333 7th Ave
New York,NY10001 		    To deliver independent medical care to victims of armed conflict, bring relief in the aftermath of natural or man-made disasters, and fight deadly epidemics in more than 70 countries around the world. 10,000
Foster Adopt Connect


901 N 8th Street
Kansas City,KS66101 		    To help serve children in foster care and the families caring for them. 20,000
Gabriel Project KC


12615 Parallel Pkwy
Kansas City,KS66109 		    To fund respect life initiatives for pregnant mothers in need throughout the greater KC metropolitan area. 207,500
Habitat for Humanity Sea Island


2545 Bohicket Road
Johns Island,SC29455 		    To help build homes and improve lives. 35,000
Harlem Lacrosse


8 West 126th Street
New York,NY10027 		    To help youth with academic support, mentoring, leadership training, college readiness career exploration, admissions counseling and lacrosse instruction. 20,000
Holy Cross Catholic School


8101 West 95th Street
Overland Park,KS66212 		    To help fund Holy Cross student scholarships. 20,000
Inclusion Connections


2073 E Santa Fe
Olathe,KS66062 		    To assist teens and young adults with disabilities by creating inclusive opportunities for community involvement. 20,000
Johnson County IHN


6315 W 110th Street
Overland Park,KS66211 		    To help restore stability to situationally homeless families in Johnson County. 10,000
Breakthrough T1D JDRF Missouri Chap


215 W Pershing Rd 300
Kansas City,MO64108 		    To help find a cure for type 1 diabetes and its complications through the support of research. 10,000
KU Endowment


3901 Rainbow Blvd
Kansas City,KS66160 		    To help provide the highest level of cancer research, prevention, treatment and survivorship programs and services. 500,000
Kiawah Cares Foundation


23 Beachwalker Dr
Kiawah Island,SC29455 		    To help celebrate a community, as well as work together to address social issues on the islands of Kiawah, Johns and Wadmalaw. 5,000
Kiawah Conservancy


80 Kestrel Ct
Kiawah Island,SC29455 		    To preserve and enhance Kiawah Island's unique balance of nature and development. 2,500
KVC Health Systems


21350 W 153rd St
Olathe,KS66061 		    To assist children and families with mental health care, medical, social services and education. 10,000
Love Fund for Children


3030 Summit
Kansas City,MO64108 		    Helping build a Kansas City community in which every child lives a life without need. 10,000
My Sister's House


3053 Freeport Blvd 120
Sacramento,CA95818 		    To eliminate domestic violence, sexual assault, and human trafficking in the community. 15,000
Noora Health


2443 Fillmore St 380-3203
San Francisco,CA94115 		    To build programs to equip caregivers, strengthen health systems, and transform the way care is delivered. 15,000
Northampton Survival Center


265 Prospect Street
Northampton MA,MA01060 		    Donation to help provide low-income individuals and families in the Hampshire County with nutritious food and other resources. 25,000
Phoenix Family


3908 Washington
Kansas City,MO64111 		    To help with programs that enable people to stay in their homes and with their families while they make progress towards and attain self-sufficiency. 5,000
Rockhurst High School


9301 State3 Line RD
Kansas City,MO64114 		    To help provide education to young boys based on Jesuit ideals and Catholic educational tradition. 499,339
Safehome Inc


PO Box 4563
Overland Park,KS66204 		    To break the cycle of domestic violence and partner abuse for victims and their children by providing shelter, advocacy, counseling, and prevention education in our community. 270,925
School of Faith


PO Box 25467
Shawnee Mission,KS66225 		    To provide ongoing adult catechesis at schools and parishes throughout the archdiocese of Kansas City. 50,000
Sea Island Hunger Awareness Fund


PO Box 268
Johns Island,SC29457 		    To fight island hunger with healthy food and clean water one meal at a time. 225,000
St Agnes Catholic School


5130 Mission Rd
Roeland Park,KS66205 		    To help support the Catholic education of children. 10,000
St Agnes Catholic Church


5250 Mission Rd
Roeland Park,KS66205 		    To provide a place of worship, reconciliation, and offer an occasion for a deepening conversation and step forward in the journey to God. 2,000
Stratton Foundation


PO Box 523
Stratton Mountain,VT05155 		    To help respond to the needs that arise as a result of crisis, economic challenges, and quality of life for the families who live, work, and raise their children in southern Vermont. 220,000
Thomas More Prep - Marian


1701 Hall Street
Hays,KS67601 		    To help challenge students to spiritual growth, academic excellence, and leadership formation in a Christian community in the Catholic tradition. 20,000
Turn 90


3765 Leeds Ave
N Charleston,SC29405 		    To provide cognitive behavioral classes, case management, transitional work and job placement after prison. 100,000
UMKC Foundation


5115 Oak Street
Kansas City,MO64112 		    To benefit students, faculty and program efforts. 5,000
University of Denver


2199 South University Boulevard
Denver,CO80208 		    To help with teaching, research, community impact and knowledge creation of DU. 50,000
Vail Valley Foundation


90 W Benchmark Rd 300
Avon,CO81620 		    To enhance the quality of life in the Vail Valley and showcase the community. 30,000
Children's Mercy Kansas City


2401 Gillham Road
Kansas City,MO64108 		    To help support the pursuit of clinical, research, and academic excellence as well as bringing hope to families and the promise of healthy futures. 50,588
Robin Hood Foundation


826 Broadway 9th Floor
New York,NY10003 		    To fund impactful and scalable solutions to lift families out of poverty in New York City. 75,000
Bethlehem St James UMC


2419 Bohicket Rd
Johns Island,SC29455 		    To support the mission of the United Methodist Church. 5,000
Cedar Cove Feline Conservatory


3783 K-68 Hwy
Louisburg,KS66053 		    To help educate young children and adults alike with the awareness needed to address the looming problems and strive for sustainable future for all living things. 10,000
Heart to Heart International


11550 Renner Blvd
Lenexa,KS66219 		    To help improve healthcare access in the U.S. and around the world by ensuring quality care is provided equitably in medically under-resourced communities and in disaster situations. 75,000
Alliance for Suicide Prevention


525 W Oak St Ste B10
Fort Collins,CO80521 		    To prevent suicide in Larimer County through training and education, providing outreach, and offering support. 70,000
Eagle Valley Community Foundation


56 Edwards Vlge Blvd Ste 206 Off 2
Edwards,CO81632 		    To help address food insecurity and provide health & wellness resources among people of color. 25,000
Make-A-Wish Nebraska


1005 S 107th Ave Suite 102
Omaha,NE68114 		    To help create life-changing wishes for children with critical illnesses. 5,000
Share Our Suzy Lowcountry


PO Box 1778
Mt Pleasant,SC29465 		    To help enhance the quality of life for breast cancer patients in South Carolina. 5,000
St Benedict's Abbey


1020 North 2nd Street
Atchison,KS66002 		    To help build a stable future for the Abbey's monastic community and strengthen their capacity to serve others. 5,000
Uplift Organization Inc


PO Box 270175
Kansas City,MO64127 		    To help deliver basic human needs, care and compassion to the homeless. 20,000
Sportswomen of Colorado


PO Box 261023
Lakewood,CO80226 		    To help promote, honor, and empower Colorado girls and women in sports. 2,500
The First Tee Greater Charleston


321 Wingo Way Suite 201
Mt Pleasant,SC29464 		    To help fund golf-based character development programs at courses, schools, and community centers. 200
Greenhouse Scholars


1820 Folsom Street
Boulder,CO80302 		    To help create community leaders who will evolve the communities of the world. 25,000
Harvesters


3801 Topping Avenue
Kansas City,MO64129 		    To help provide food and household products to emergency food pantries, community kitchens, homeless shelters and children's homes. 1,000
Holy Family Parish


316 S Logan St
Lincoln,IL62656 		    To support the needs of the parish. 1,000
Journey to New Life


3120 Troost Ave
Kansas City,MO64109 		    To help provide services to recently incarcerated people to overcome reentry barriers. 50,000
Metanoia


2005 Reynolds Avenue
North Charleston,SC29405 		    To help amplify opportunities for families in Chicora and surrounding historically black neighborhoods. 400
Pet Helpers Adoption Center


1447 Folly Road
Charleston,SC29412 		    To help provide low cost spay/neuter surgeries, offer humane education programs, and initiate animal welfare legislation. 10,000
Prairie Star Ranch


1124 California Road
Williamsburg,KS66095 		    To help connect youth and families to Christ through high adventure camp and retreat ministry. 5,000
Respite Care Charleston


1605 Harbor View Rd
Charleston,SC29412 		    To help provide support to those living with Alzheimer's disease and other forms of dementia. 200
Savage Sisters Recovery Inc


187 Meredith Ave
Bryn Mawr,PA19010 		    To help attack drug addiction with trauma informed transition homes, street based harm reduction outreach events, and education to the public. 10,000
St Therese Little Flower Catholic C


5814 Euclid Avenue
Kansas City,MO64130 		    To help support the mission of the church. 50,000
Swing for the Low Country


613 Daggett St
Daniel Island,SC29492 		    To help provide financial assistance to breast cancer patients and their families. 10,200
Testicular Cancer Foundation


12600 Hill Country Blvd Suite R-270
Austin,TX78738 		    To help provide education and support to men to raise awareness about testicular cancer. 5,000
Lowcountry Food Bank


2864 Azalea Dr
North Charleston,SC29405 		    To help unite the community in pursuit of equitable, dignified, and consistent access to food throughout the 10 coastal counties of South Carolina. 25,000
Women's Employment Network


4328 Madison Ave
Kansas City,MO64111 		    To help women raise their self-esteem and achieve economic independence through sustained employment. 10,000
Barrier Island Free Medical Clinic


3226 Maybank Hwy Building C
Johns Island,SC29455 		    Donation to provide medical support to those in need. 26,000
Young Moms Together


19 St Margaret St
Charleston,SC29403 		    To help each woman build a healthy, empowered life for herself and her child. 20,000
Unbound


1 Elmwood Ave
Kansas City,KS66103 		    To support families and communities worldwide on their self-directed paths out of poverty. 5,000
Unsolve


228 Park Ave S PMB 53933
New York,NY10003 		    To help low-income and working-class Americans overcome debt and rebuild credit with free digital tools. 25,000
Total ................................. 3a 3,973,277
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 57,995  
4 Dividends and interest from securities ....     14 667,711  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 14,772  
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) ..   740,478  
13Total. Add line 12, columns (b), (d), and (e)..................
13
740,478
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID: 25022934
Software Version: 2025v4.0


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 OtherExpensesSchedule
Name:
Kelly Family Foundation
EIN:
27-6825262
Software ID:
25022934
Software Version:
2025v4.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Bank Charges 77 77    
Investment Fees 117,642 117,642    


TY 2025 OtherIncreasesSchedule
Name:
Kelly Family Foundation
EIN:
27-6825262
Software ID:
25022934
Software Version:
2025v4.0
Description Amount
2024 Grants included in 2025 Return 55,000
Net Unrealized Gains or Losses Tranferred 1,262,016


TY 2025 TaxesSchedule
Name:
Kelly Family Foundation
EIN:
27-6825262
Software ID:
25022934
Software Version:
2025v4.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Taxes 4,608      
Foreign Taxes Paid 6,087 6,087