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 07-01-2024 , and ending 06-30-2025
Name of foundation
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
CHARITABLE TRUST
Number and street (or P.O. box number if mail is not delivered to street address)820 BROAD STREET 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CHATTANOOGA, TN37402
A Employer identification number

62-6268981
B Telephone number (see instructions)

(423) 755-8142
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$28,905,242J 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... 383,002 382,366  
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
1,563,444
b Gross sales price for all assets on line 6a 4,754,821
7 Capital gain net income (from Part IV, line 2)... 1,563,398
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
189,555 30,451  
12 Total. Add lines 1 through 11........ 2,136,001 1,976,215  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,250 10,625   10,625
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
21,027 21,027   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
32,604 2,858   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
367,491 321,093   41,236
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 442,372 355,603   51,861
25 Contributions, gifts, grants paid....... 1,997,000 1,997,000
26 Total expenses and disbursements. Add lines 24 and 25 2,439,372 355,603   2,048,861
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -303,371
b Net investment income (if negative, enter -0-) 1,620,612
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............. 382,702 245,381 245,381
2 Savings and temporary cash investments......... 101,201 93,888 93,888
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,520,768 Click to see attachment
List of Attached Documents:
// Content
3,635,707 		4,292,152
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,250,063 Click to see attachment
List of Attached Documents:
// Content
13,976,387 		24,273,821
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) 18,254,734 17,951,363 28,905,242
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........... 18,254,734 17,951,363
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 18,254,734 17,951,363
30 Total liabilities and net assets/fund balances (see instructions). 18,254,734 17,951,363
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
18,254,734
2
Enter amount from Part I, line 27a .....................
2
-303,371
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
17,951,363
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
17,951,363
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 CAPITAL GAINS FROM PARTNERSHIP INVESTMENTS P   2024-12-31
b LONG-TERM CAPITAL GAINS FROM PARTNERSHIP INVESTMENTS P   2024-12-31
c 1231 GAINS FROM PARTNERSHIP INVESTMENTS P   2024-12-31
d 1256 GAINS FROM PARTNERSHIP INVESTMENTS P   2024-12-31
e CAPITAL GAIN OR LOSS FROM UBS 3556      
CAPITAL GAIN OR LOSS FROM UBS 5434      
CAPITAL GAIN OR LOSS FROM UBS 4302      
CAPITAL GAIN OR LOSS FROM UBS 5653      
CAPITAL GAIN OR LOSS FROM UBS 5654      
CAPITAL GAIN OR LOSS FROM UBS 5656      
CAPITAL GAIN OR LOSS FROM UBS 5657      
CAPITAL GAIN OR LOSS FROM UBS 5658      
CAPITAL GAIN OR LOSS FROM UBS 5659      
CAPITAL GAIN OR LOSS FROM UBS 5817      
CAPITAL GAIN OR LOSS FROM UBS 6394      
CAPITAL GAIN OR LOSS FROM UBS 0045      
IR C, A SERIES OF PATHBREAKER SPV, LP P    
DYNAMO FUND I. LLC P   2024-12-31
(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 34,431     34,431
b 946,148     946,148
c 105,808     105,808
d     3 -3
e 19,796   13,643 6,153
102,401   80,755 21,646
111,857   89,634 22,223
162,976   143,226 19,750
59,377   69,930 -10,553
176,040   164,620 11,420
535,631   525,553 10,078
702,957   695,325 7,632
547,394   575,988 -28,594
261,306   203,946 57,360
249,602   223,314 26,288
391,354   355,383 35,971
    50,057 -50,057
347,697     347,697
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       34,431
b       946,148
c       105,808
d       -3
e       6,153
      21,646
      22,223
      19,750
      -10,553
      11,420
      10,078
      7,632
      -28,594
      57,360
      26,288
      35,971
      -50,057
      347,697
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,563,398
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 22,527
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 22,527
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 22,527
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 20,000
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 20,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 2,527
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTN, CA, IL, SC
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
 
No
Website addressright arrowN/A
14
The books are in care ofright arrowHUGH O MACLELLAN JR Telephone no.right arrow (423) 755-8141

Located atright arrow820 BROAD STREET SUITE 300CHATTANOOGATN ZIP+4right arrow37402
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
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
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
HUGH O MACLELLAN JR SECRETARY & TREASURER
0.50 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
CHRISTOPHER H MACLELLAN VICE PRESIDENT
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
DANIEL O MACLELLAN VICE PRESIDENT
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
CATHERINE M HEALD VICE PRESIDENT
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
ELIZABETH M LINDQUIST PRESIDENT
1.00 		0 0 0
820 BROAD STREET SUITE 300
CHATTANOOGA,TN37402
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
4,140,304
b
Average of monthly cash balances.......................
1b
1,026,734
c
Fair market value of all other assets (see instructions)................
1c
24,467,933
d
Total (add lines 1a, b, and c).........................
1d
29,634,971
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
29,634,971
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
444,525
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
29,190,446
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,459,522
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
1,459,522
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
22,527
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
54,796
c
Add lines 2a and 2b............................
2c
77,323
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,382,199
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,382,199
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,382,199
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
2,048,861
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
2,048,861
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,382,199
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 712,927
b From 2020...... 879,330
c From 2021...... 398,506
d From 2022...... 1,408,220
e From 2023...... 1,065,452
f Total of lines 3a through e ........ 4,464,435
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,048,861
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 1,382,199
e Remaining amount distributed out of corpus 666,662
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 5,131,097
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		712,927
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		4,418,170
10 Analysis of line 9:
a Excess from 2020.... 879,330
b Excess from 2021.... 398,506
c Excess from 2022.... 1,408,220
d Excess from 2023.... 1,065,452
e Excess from 2024.... 666,662
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMG INTERNATIONAL

6815 SHALLOWFORD ROAD
CHATTANOOGA,TN37421 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 5,000

AUSTIN HATCHER FOUNDATION FOR PEDIATRIC CANCER

1705 SOUTH HOLTZCLAW AVENUE
CHATTANOOGA,TN37404 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 7,500

BIBLE MISSION GLOBAL

5600 WYOMING BLVD NE
ALBUQUERQUE,NM87109 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO FAMILIES. 12,000

BIBLE PROJECT

PO BOX 14278
PORTLAND,OR97214 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 20,000

CALVARY CHAPEL CHATTANOOGA INC

PO BOX 2127
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR RESTORATION AND REHABILITATION PROGRAMS. 15,000

CAMPUS CRUSADE FOR CHRIST INC

100 LAKE HART DRIVE
ORLANDO,FL32832 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 5,000

CENTER FOR STRATEGIC MINISTRY

290 E WOODMEN RD
COLORADO SPRINGS,CO80919 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 25,000

CHALMERS CENTER FOR ECONOMIC DEVELOPMENT AT COVENANT COLLEGE

PO BOX 2055
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR HOLISTIC COMMUNITY OUTREACH AND DEVELOPMENT. 10,000

CHAMBLISS CENTER FOR CHILDREN

315 GILLESPIE ROAD
CHATTANOOGA,TN37411 		NONE PUBLIC CHARITY SEC 5 FOR RESTORATION AND REHABILITATION PROGRAMS. 15,000

CHATTANOOGA CHRISTIAN SCHOOL INC

3354 CHARGER DRIVE
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 10,000

CHATTANOOGA CHRISTIAN SCHOOL INC

3354 CHARGER DRIVE
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 45,000

CHATTANOOGA CHRISTIAN SCHOOL INC

3354 CHARGER DRIVE
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 40,000

CHATTANOOGA CHURCH MINISTRIES INC

PO BOX 11203
CHATTANOOGA,TN37401 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

CHATTANOOGA CHURCH MINISTRIES INC

PO BOX 11203
CHATTANOOGA,TN37401 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

CHATTANOOGA PREP INC

PO BOX 3809
CHATTANOOGA,TN37404 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 5,000

CHURCH OF THE FIRST BORN

3418 SAINT ELMO AVENUE
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 1,500

COME AND SEE FOUNDATION

6385 CORPORATE DRIVE SUITE 200
COLORADO SPRINGS,CO80919 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 15,000

COME AND SEE FOUNDATION

6385 CORPORATE DRIVE SUITE 200
COLORADO SPRINGS,CO80919 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 15,000

COVENANT COLLEGE INC

14049 SCENIC HIGHWAY
LOOKOUT MOUNTAIN,GA30750 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 10,000

COVENANT COLLEGE INC

14049 SCENIC HIGHWAY
LOOKOUT MOUNTAIN,GA30750 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 30,000

CUMBERLAND HEIGHTS FOUNDATION

PO BOX 90727
NASHVILLE,GA37209 		NONE PUBLIC CHARITY SEC 5 FOR RESTORATION AND REHABILITATION PROGRAMS. 100,000

ELAM MINISTRIES INC

5755 NORTH POINT PKWY - SUITE 217
ALPHARETTA,GA30022 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 15,000

ELAM MINISTRIES INC

5755 NORTH POINT PKWY - SUITE 217
ALPHARETTA,GA30022 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 25,000

EVERY EYE WILL SEE HIM MINISTRIES

6127 BAYSWATER LANE
HIXSON,TN37343 		NONE PUBLIC CHARITY SEC 5 FOR PROVIDING HEALTH SERVICES. 5,000

FAIRYLAND ELEMENTARY SCHOOL PARENT TEACHER ORGANIZATION INC

1306 LULA LAKE ROAD
LOOKOUT MOUNTAIN,GA30750 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 5,000

FCA - CHATTANOOGA AREA

PO BOX 338
HIXSON,TN37343 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 10,000

FELLOWSHIP OF CHRISTIAN ATHLETES

8701 LEEDS ROAD
KANSAS CITY,MO64129 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

FOCUS ON THE FAMILY

8605 EXPLORER DRIVE
COLORADO SPRINGS,CO80920 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 50,000

FREEDOM'S PROMISE

PO BOX 58996
NASHVILLE,TN372058996 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

FRIENDS OF BOOKER T WASHINGTON STATE PARK

5801 CHAMPION ROAD
CHATTANOOGA,TN37416 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 8,000

GLOBAL TRUST PARTNERS

PO BOX 101132
DENVER,CO80250 		NONE PUBLIC CHARITY SEC 5 FOR INSPIRING OTHERS IN GENEROSITY. 8,000

GOOD NEWS COMMUNICATIONS INC

4073 MISSION OAKS BOULEVARD
CAMARILLO,CA93012 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

HABITAT FOR HUMANITY OF GREATER CHATTANOOGA AREA INC

1201 EAST MAIN STREET
CHATTANOOGA,TN374081613 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

HABITAT FOR HUMANITY OF GREATER CHATTANOOGA AREA INC

1201 EAST MAIN STREET
CHATTANOOGA,TN374081613 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

HEALING GRACE MINISTRIES INC

19425 SOLEDAD CANYON ROAD 147
CANYON COUNTRY,CA91351 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 25,000

HELPING HANDS MINISTRIES INC

PO BOX 337
TALLULAH FALLS,GA30573 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

HOSANNA

2421 AZTEC ROAD NE
ALBUQUERQUE,NM87107 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

ILLUMINATIONS FOUNDATION

PO BOX 511
ALPHARETTA,GA30009 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

ILLUMINATIONS FOUNDATION

PO BOX 511
ALPHARETTA,GA30009 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 15,000

ILLUMINATIONS FOUNDATION

PO BOX 511
ALPHARETTA,GA30009 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

INTERNATIONAL GENEROSITY FOUNDATION TRUST

1901 ULMERTON RD SUITE 400
CLEARWATER,FL33762 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 25,000

INTERNATIONAL GENEROSITY FOUNDATION TRUST

1901 ULMERTON RD SUITE 400
CLEARWATER,FL33762 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 5,000

INTERNATIONAL JUSTICE MISSION

PO BOX 96961
WASHINGTON,DC200906961 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 6,000

INTERVARSITY CHRISTIAN FELLOWSHIPUSA

P O BOX 7895
MADISON,WI537077895 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 5,000

INTERVARSITY CHRISTIAN FELLOWSHIPUSA

P O BOX 7895
MADISON,WI537077895 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 5,000

ITALY FOR CHRIST

100 NORTH POINT CENTER EAST STE 125
ALPHARETTA,GA30022 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

KING'S ACADEMY

504 BRAMBLEWOOD DRIVE
NASHVILLE,TN37220 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 10,000

LIFESPRING COMMUNITY HEALTH

1042 EAST 3RD STREET
CHATTANOOGA,TN37403 		NONE PUBLIC CHARITY SEC 5 FOR PROVIDING HEALTH SERVICES. 10,000

LOVE'S ARM OUTREACH MINISTRIES

PO BOX 21488
CHATTANOOGA,TN37424 		NONE PUBLIC CHARITY SEC 5 FOR RESTORATION AND REHABILITATION PROGRAMS. 15,000

LUIS PALAU ASSOCIATION

1500 NW 167TH PLACE
BEAVERTON,OR97006 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

MISSION INCREASE

345 FRAZIER AVENUERNSUITE 205
CHATTANOOGA,TN37405 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 25,000

MISSION TO THE WORLD PCA INC

PO BOX 744165
ATLANTA,GA30374 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 5,000

MOMENTUM NETWORK

PO BOX 3458
CHATTANOOGA,TN37404 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO FAMILIES. 10,000

MONTESSORI ELEMENTARY AT HIGHLAND PARK

PO BOX 3804
CHATTANOOGA,TN37404 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 5,000

MUSTARD TREE MINISTRIES

PO BOX 4002
CHATTANOOGA,TN37405 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 5,000

NATIONAL CENTER FOR YOUTH ISSUES

PO BOX 22185
CHATTANOOGA,TN374222185 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 5,000

NATIONS MINISTRY CENTER

406 WELSHWOOD DRIVE
NASHVILLE,TN37211 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

NEXT DOOR

402 22ND AVENUE NORTH
NASHVILLE,TN37203 		NONE PUBLIC CHARITY SEC 5 FOR RESTORATION AND REHABILITATION PROGRAMS. 10,000

NEXT DOOR

402 22ND AVENUE NORTH
NASHVILLE,TN37203 		NONE PUBLIC CHARITY SEC 5 FOR RESTORATION AND REHABILITATION PROGRAMS. 10,000

OC INTERNATIONAL INC

5801 N UNION BLVD
COLORADO SPRINGS,CO80918 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 7,500

OPERATION ANDREW GROUP

PO BOX 128045
NASHVILLE,TN37212 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 10,000

OPPORTUNITY INTERNATIONAL INC

PO BOX 2826
CAROL STREAM,IL60132 		NONE PUBLIC CHARITY SEC 5 FOR EDUCATION OF YOUTH AND CHILDREN. 10,000

PARTNERS FOR CHRISTIAN MEDIA INC

PO BOX 24297
CHATTANOOGA,TN37422 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO FAMILIES. 3,000

PLIES

PO BOX 1273
WRIGHTWOOD,CA92397 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 5,000

PLIES

PO BOX 1273
WRIGHTWOOD,CA92397 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 25,000

PRAXIS INC

409 W 45TH ST 3RD FLOOR
NEW YORK,NY10036 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 10,000

PRECEPT MINISTRIES OF REACH OUT INC

P O BOX 182218
CHATTANOOGA,TN37422 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 12,000

RENEW MINISTRIES INC

3421 SAINT ELMO AVENUE
CHATTANOOGA,TN37409 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 15,000

RESTORATION SOUTHSIDE CHURCH

3146 BROAD STREET
CHATTANOOGA,TN37408 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 40,000

SHAOHANNAHS HOPE INC

PO BOX 681748
FRANKLIN,TN37068 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 100,000

SNOWBOARDERS & SKIERS FOR CHRIST

PO BOX 2082
DILLON,CO80435 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 15,000

STEPHENS CHILDREN FOUNDATION INC

3755 36TH STREET SOUTHEAST
GRAND RAPIDS,MI49512 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 20,000

THE HOUSE UNIVERSITY MINISTRIES OF CHATTANOOGA

650 MCCALLIE AVE
CHATTANOOGA,TN37403 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 10,000

THE INSTITUTE FOR WOMEN'S HEALTH

1455 PENNSYLVANIA AVE NW SUITE 400
WASHINGTON,DC20004 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

THIRD MILLENNIUM MINISTRIES

316 LIVE OAKS BLVD
CASSELBERRY,FL32707 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 15,000

TRAINING GROUND

PO BOX 49595
COLORADO SPRINGS,CO80949 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 20,000

UNLESS U

737 CHESTNUT STREET
VESTAVIA HILLS,AL35216 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 8,000

UNTOLD

977 GRANT COVE PLACE SOUTHEAST
ATLANTA,GA30315 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

UNTOLD

977 GRANT COVE PLACE SOUTHEAST
ATLANTA,GA30315 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 10,000

VAPOR MINISTRIES INC

338 TALLADEGA SPRINGS RD
SYLACAUGA,AL35151 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 12,000

VIA VERITAS INC

345 FRAZIER AVENUE SUITE 205
CHATTANOOGA,TN37405 		NONE PUBLIC CHARITY SEC 5 FOR SPIRITUAL FORMATION AND EDUCATION. 5,000

WELCOME HOME OF CHATTANOOGA

PO BOX 4247
CHATTANOOGA,TN37405 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 5,000

WEST NASHVILLE DREAM CENTER

PO BOX 92456
NASHVILLE,TN37209 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 100,000

WEST NASHVILLE DREAM CENTER

PO BOX 92456
NASHVILLE,TN37209 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO THE INDIGENT. 100,000

WOMEN DOING WELL INC

207 COMMONWEALTH AVENUE
RICHMOND,VA23221 		NONE PUBLIC CHARITY SEC 5 FOR INSPIRING OTHERS IN GENEROSITY. 10,000

YOUNG LIFE CHATTANOOGA

P O BOX 6231
CHATTANOOGA,TN37401 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 25,000

YOUNG LIFE CHATTANOOGA

P O BOX 6231
CHATTANOOGA,TN37401 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 25,000

YOUNG LIFE CHATTANOOGA

P O BOX 6231
CHATTANOOGA,TN37401 		NONE PUBLIC CHARITY SEC 5 FOR OUTREACH TO YOUTH AND CHILDREN. 5,000

YOUTH FOR CHRIST RWANDA

PO BOX 4478
ENGLEWOOD,CO80155 		NONE PUBLIC CHARITY SEC 5 FOR CHARITABLE LEADERSHIP DEVELOPMENT. 5,000

CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION DBA THE GENEROSITY TRUST

345 FRAZIER AVENUE SUITE 205
CHATTANOOGA,TN37405 		NONE PUBLIC CHARITY SEC 5 FOR GENERAL OPERATING SUPPORT. 531,500
Total .................................right arrow 3a 1,997,000
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14    
4 Dividends and interest from securities ....     14 382,366 636
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 30,451  
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 46 18 1,563,398  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aUNRELATED BUSINESS INCOME 		525990 159,104      
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 159,150 1,976,215 636
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,136,001
(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.)
7 TAX EXEMPT INCOME FROM PASSTHROUGH INVESTMENTS
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
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Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 21,250 10,625   10,625

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TY 2024 GainLossSaleOtherAssetsSch
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
UNRELATED BUSINESS INCOME SHORT-TERM CAPITAL GAINS FROM PARTNERSHIPS   PURCHASED     12   COST 0 12  
UNRELATED BUSINESS INCOME SHORT-TERM CAPITAL GAINS FROM PARTNERSHIPS   PURCHASED     34   COST 0 34  

TY 2024 GeneralExplanationAttachment
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Identifier Return Reference Explanation
DONOR ADVISED FUNDS FORM 990-PF, PART VII-A, LINE 12 CONTRIBUTIONS TOTALING $788,000 WERE MADE BETWEEN JULY 1, 2023 AND JUNE 30, 2024 TO A DONOR ADVISED FUND AT CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION (DBA THE GENEROSITY TRUST), EIN# 62-1536731; WITH $788,000 BEING DISTRIBUTED IN THE SAME FISCAL YEAR. THE TRUST RETAINED ADVISORY PRIVILEGES. CHATTANOOGA CHRISTIAN COMMUNITY FOUNDATION ("CCCF") IS A SECTION 509(A)(1) ORGANIZATION AS REFERRED TO IN SECTION 170(B)(1)(A)(VI). THE ENTIRE AMOUNT WAS TREATED AS A QUALIFYING DISTRIBUTION IN PART XV, LINE 3, CONTRIBUTIONS, GIFTS, GRANTS PAID (STATEMENT #16). THE DONOR-ADVISED FUND AGREEMENT BETWEEN THE HUGH AND CHARLOTTE MACLELLAN CHARITABLE TRUST AND CCCF INCLUDES THE FOLLOWING:"CCCF SHALL RECEIVE, REVIEW AND CONSIDER WRITTEN RECOMMENDATIONS FROM THE COMMITTEE CONCERNING GRANTS MADE FROM THE FUND AND ANY CONDITIONS WHICH SHOULD BE PLACED UPON SUCH GRANTS. THE FINAL DECISION CONCERNING SUCH MATTERS SHALL BE MADE BY THE BOARD OF DIRECTORS OF CCCF.""NO INCOME OR PRINCIPAL OF THE FUND SHALL BE USED FOR ANY PURPOSE OR PAID TO ANY BENEFICIARY IF SUCH USE OR PAYMENT WOULD NOT BE PERMITTED BY THE INTERNAL REVENUE CODE (THE "CODE") OR REGULATIONS THEREUNDER FOR AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE, TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE CODE."

TY 2024 InvestmentsCorpStockSchedule
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Name of Stock End of Year Book Value End of Year Fair Market Value
FRANCIS MEDICAL 8110 SHARES COMMON STOCK 8,110 8,110
FRANCIS MEDICAL SERIES C 186,000 186,000
UBS 3556 161,548 185,298
UBS 4301 131,645 161,847
UBS 5434 272,948 319,573
UBS 5653 137,822 162,526
UBS 5654 265,002 313,486
UBS 5656 466,051 722,755
UBS 5657 152,118 190,094
UBS 5658 463,165 497,342
UBS 5659 296,898 296,898
UBS 5817 457,450 556,961
UBS 6394 431,375 451,962
UBS C0045 205,575 239,300

TY 2024 InvestmentsOtherSchedule2
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
AERIAL BIOPHARMA, LLC AT COST 1,484,397 0
ARRIVO BIOVENTURES, LLC AT COST 394,180 1,404,220
BI FUND I, A SERIES OF PATHBREAKER SPV, LP2 AT COST 50,432 0
BOW RIVER CAPITAL 2017-QP FUND, LP AT COST 405,215 899,269
C-III RECOVERY FUND II LP AT COST 173,734 162,119
DYNAMO FUND I, LP AT COST 250,524 2,120,275
DYNAMO FUND II, LP AT COST 364,272 442,572
DYNAMO OPPORTUNITY FUND I, LP AT COST 475,697 483,819
DYNAMO SVT ROBOTICS SPV II, LLC AT COST 12,680 12,402
DYNAMO-GATIK LLC AT COST 45,124 89,017
DYNAMO-SKUPOS, LLC2 AT COST 58,912 59,118
DYNAMO-STORD SPV II, LLC AT COST 100,265 416,163
DYNAMO-VECTOR, LLC AT COST 37,479 57,015
ESO VENTURE FUND V, LP AT COST 201,740 295,157
FR FUND I, A SERIES OF PATHBREAKER SPV II, LP AT COST 116,742 149,383
FULCRUM GROWTH FUND III QP, LLC AT COST 246,793 532,942
GOLUB CAPITAL PARTNERS INTERNATIONAL II, LP AT COST 667,986 1,750,000
GOODWATER CAPITAL IV L.P. AT COST 302,446 269,812
GOODWATER INFINITY II, LP AT COST 425,341 494,202
GR FUND I, A SERIES OF PATHBREAKER SPV II, LP AT COST 76,091 141,000
H20EY AT COST 207,331 212,529
H2OEY VENTURES II, LLC AT COST 501,737 510,000
HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND AT COST 380,714 4,181
HY FUND III, A SERIES OF PATHBREAKER SPV, LP AT COST 53,033 94,000
IR B FUND, A SERIES OF PATHBREAKER SPV, LP AT COST 100,185 0
IR-1027 FUND IV, A SERIES OF PATHBREAKER SPV, LP AT COST 35,493 38,976
IRON OX CN STAR, LP AT COST 59,074 7,552
KERN CAPITAL LLC AT COST 100,000 100,000
KERN DIAGNOSTICS LLC AT COST 25,000 21,645
KERN ODYSSEUS LLC AT COST 100,000 100,000
SOLAS - MACLELLAN GROUP JOINT VENTURE FKA KNOPP BIOSCIENCES LLC AT COST 206,714 1,697,521
MIDNIGHT PHARMA, LLC AT COST 15,511 55,590
NEXGEN VENTURES FUND II, LP AT COST 185,227 264,626
ON FUND I, A SERIES OF PATHBREAKER SPV, LP AT COST 100,638 421,600
ON FUND II, A SERIES OF PATHBREAKER SPV, LP AT COST 50,269 78,800
OR FUND I, A SERIES OF PATHBREAKER SPV, LP AT COST 75,508 75,509
PATHBREAKER VENTURES FUND II LP AT COST 374,122 773,794
PORTFOLIO ADVISORS SECONDARY FUND III, L.P. AT COST 428,557 659,825
RA CAPITAL HEALTHCARE FUND, LP AT COST 17,096 28,925
RELEVANCE CAPITAL III LP AT COST 426,216 887,573
RESOLUTE CAPITAL PARTNERS FUND IV, L.P. AT COST 716,914 891,030
RIVER VI, L.P. AT COST 3,425 5,761
RIVER VII AT COST 637,703 1,159,335
RIVER VIII, L.P. AT COST 159,958 146,516
RU FUND III, A SERIES OF PATHBREAKDER SPV, LP AT COST 75,111 0
SATURN FIVE FRONTIER I LLC AT COST 489,227 646,206
SATURN FIVE NEXT FRONTIER QP LLC AT COST 12,375 87,934
SI FUND III, A SERIES OF PATHBREAKER SPV, LP AT COST 108,754 255,838
SI FUND IV, A SERIES OF PATHBREAKER SPV II, LP AT COST 52,136 128,248
SIGNIA VENTURE PARTNERS III, LP AT COST 400,433 501,952
TO FUND I, A SERIES OF PATHBREAKER SPV, LP AT COST 100,970 209,482
VALOR OPPORTUNITY FUND I LP AT COST 317,447 589,517
VALOR OPPORTUNITY FUND II LP AT COST 255,006 286,727
VALOR VENTURE FUND II LP AT COST 417,149 2,273,935
VALOR VENTURE FUND III LP AT COST 475,926 763,327
VALOR VENTURE FUND IV, L.P. AT COST 421,378 516,882

TY 2024 OtherExpensesSchedule
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PORTFOLIO DEDUCTIONS THROUGH PARTNERSHIPS 244,012 244,012   0
INVESTMENT INTEREST THROUGH PARTNERSHIPS 28,433 28,433   0
OTHER PARTNERSHIP DEDUCTIONS 20,878 20,878   0
NON DEDUCTIBLE EXPENSES THROUGH PARTNERSHIPS 5,162 0   0
OFFICE EXPENSE REIMBURSEMENTS 58,291 23,825   34,466
BANK CHARGE & WIRE FEE 3,927 2,945   982
TECHNOLOGY FEES 2,000 1,000   1,000
INSURANCE 4,788 0   4,788


TY 2024 OtherIncomeSchedule2
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARTNERSHIPS ROYALTIES 26 26 26
OTHER MISC INCOME 16,146 16,146 16,146
PARTNERSHIPS OTHER PORTFOLIO INC 128 128 128
PARTNERSHIPS OTHER INCOME 13,635 13,635 13,635
PARTNERSHIPS ORDINARY INCOME 516 516 516
UNRELATED BUSINESS INCOME 159,104 0 159,104


TY 2024 OtherProfessionalFeesSchedule
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 21,027 21,027   0


TY 2024 TaxesSchedule
Name:
HUGH AND CHARLOTTE MACLELLAN CHARITABLE
 
CHARITABLE TRUST
EIN:
62-6268981
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAX WITHHELD FROM INCOME 2,740 2,740   0
FOREIGN TAX WITHHELD THROUGH PARTNERSHIPS 118 118   0
FEDERAL AND STATE EXCISE TAX 29,746 0   0