MCDONNELL FAMILY FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- MCDONNELL FAMILY FOUNDATION (EIN 46-1448238)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-14
- IRS object ID
- 202323189349100047
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Liquidation Explanation Stmt
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-14T09:36:21-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621110839 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER THOMPSON ARNOLD PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6525 N QUAIL HOLLOW SUITE 500 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38120 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 461448238 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE MCDONNELL FAMILY FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MCDO | BusinessNameControlTxt |
| Phone | 9015295703 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 COLONIAL ROAD SUITE 109 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38117 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL KEENEY | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Signature | 2023-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MIKE | PersonFirstNm |
| Person Last | KEENEY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANNE SACKETT | PreparerPersonNm |
| PTIN | P01269436 | PTIN |
| Phone | 9016841170 | PhoneNum |
| Preparation | 2023-11-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,181,435 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $60,092 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $55,050 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $55,050 | InterestOnSavNetInvstIncmAmt |
| Total Rev And Expnss | $115,142 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $55,050 | TotalNetInvstIncmAmt |
| Accounting Fees Rev And Expnss | $5,050 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $5,050 | AccountingFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $694 | TaxesRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $46 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $46 | OtherExpensesNetInvstIncmAmt |
| Tot Opr Expenses Rev And Expnss | $5,790 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $5,096 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $3,288,965 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $3,288,965 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,294,755 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $5,096 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,288,965 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$3,179,613 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $49,954 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $1 | CashBOYAmt |
| Cash EOY | $1 | CashEOYAmt |
| Sav And Temp Cash Invst BOY | $3,834,955 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $484,069 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $484,069 | SavAndTempCashInvstEOYFMVAmt |
| Prepaid Expenses BOY | $909 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $215 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $215 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $2,254,385 | CorporateStockBOYAmt |
| Corporate Stock EOY | $522,007 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $522,007 | CorporateStockEOYFMVAmt |
| Other Assets BOY | $175,144 | OtherAssetsBOYAmt |
| Other Assets EOY | $175,144 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $175,144 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $6,265,394 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,181,436 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,181,435 | TotalAssetsEOYFMVAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $6,265,394 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,181,436 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $6,265,394 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,181,436 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $6,265,394 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,181,436 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $6,265,394 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$3,179,613 | ExcessRevenueOverExpensesAmt |
| Other Increases | -$750,701 | OtherIncreasesAmt |
| Subtotal | $2,335,080 | SubtotalAmt |
| Other Decreases | $1,153,644 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $1,181,436 | TotNetAstOrFundBalancesEOYAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $694 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $694 | SubtotalAmt |
| Tax Based On Investment Income | $694 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $909 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $909 | TotalPaymentsAndCreditsAmt |
| Overpayment | $215 | OverpaymentAmt |
| Applied To ES Tax | $215 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | Yes (true) | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | Yes (true) | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | MICHAEL KEENEY | IndividualWithBooksNm |
| Phone | 9015295703 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 COLONIAL RD SUITE 109 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38117 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | false | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (true) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MCNEAL BOND MCDONNELL | ||||||||
| 700 COLONIAL RD STE 109 | MEMPHIS | TN | 38117 | DISTRIBUTION | 000.00 | $0 | $0 | $0 |
| IRENE MCDONNELL AYOTTE | ||||||||
| 700 COLONIAL RD SUITE 109 | MEMPHIS | TN | 38117 | DISTRIBUTION | 000.00 | $0 | $0 | $0 |
| MARY MCDONNELL SCHELL | ||||||||
| 700 COLONIAL RD SUITE 109 | MEMPHIS | TN | 38117 | DISTRIBUTION | 000.00 | $0 | $0 | $0 |
| MICHAEL KEENEY | ||||||||
| 700 COLONIAL RD SUITE 109 | MEMPHIS | TN | 38117 | TRUSTEE | 000.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $910,808 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,638,856 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $175,706 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $4,725,370 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $4,725,370 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $70,881 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $4,654,489 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $232,724 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $232,724 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $694 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $694 | TotalTaxAmt |
| Distributable Before Adj | $232,030 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $232,030 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $232,030 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,288,965 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $3,288,965 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $232,030 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $494,747 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $265,784 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $324,033 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $38,694 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $101,460 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,224,718 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,288,965 | QualifyingDistributionsAmt |
| Applied To Current Year | $232,030 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $3,056,935 | RemainingDistriFromCorpusAmt |
| Total Corpus | $4,281,653 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $494,747 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,786,906 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $265,784 | ExcessFromYear4Amt |
| Excess From Year3 | $324,033 | ExcessFromYear3Amt |
| Excess From Year2 | $38,694 | ExcessFromYear2Amt |
| Excess From Year1 | $101,460 | ExcessFromYear1Amt |
| Excess From Current Year | $3,056,935 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Business Name Line2RecipientBusinessName/BusinessNameLine2Txt |
|---|---|---|---|---|---|---|---|---|
| MEMPHIS OPPORTUNITY SCHOLARSHIP | ||||||||
| 1000 RIDGE LAKE BLVD | MEMPHIS | TN | 38120 | N/A | PC | PROGRAM SERVICES | $973,549 | |
| UNIVERSITY OF MEMPHIS | ||||||||
| 635 NORMAL STREET | MEMPHIS | TN | 38152 | N/A | PC | PROGRAM SERVICES | $8,128 | |
| COMMUNITY FOUNDATION OF GREATER MPH | ||||||||
| 1900 UNION | MEMPHIS | TN | 38104 | PC | PROGRAM SERVICES | $1,153,644 | IRENE & RON AYOTTE DONOR ADVISED FUND | |
| COMMUNITY FOUNDATION OF GREATER MPH | ||||||||
| 1900 UNION | MEMPHIS | TN | 38104 | PC | PROGRAM SERVICES | $1,153,644 | MARY & RYAN SCHELL DONOR ADVISED FUND | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $3,288,965 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $55,050 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $55,050 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $55,050 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ESTATE OF MICHAEL MCDONNELL | BusinessNameLine1Txt |
| Business Name Line2 | LIFE INSURANCE PROCEEDS | BusinessNameLine2Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 COLONIAL RD STE 109 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38117 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $60,092 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PROFESSIONAL FEES | CategoryTxt |
| Amt | $5,050 | Amt |
| Net Investment Income | $5,050 | NetInvestmentIncomeAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | DISH NETWORK CLASS A SHARES | StockNm |
| EOY Book Value | $522,007 | EOYBookValueAmt |
| EOYFMV | $522,007 | EOYFMVAmt |
Liquidation Explanation Stmt LiquidationExplanationStmt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | STATEMENT REGARDING SUBSTANTIAL CONTRACTION: THIS STATEMENT IS SUBMITTED IN ACCORDANCE WITH REG. 1.6043-3(A)(1) AND FORM 990-PF GENERAL INSTRUCTION T TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS THAT RESULTED IN A SUBSTANTIAL CONTRACTION OF ASSETS DURING THE CURRENT TAX YEAR. DURING 2022, THE MCDONNELL FAMILY FOUNDATION (MCDONNELL FND) MADE THREE DISTRIBUTIONS OF ASSETS FROM SOURCES OTHER THAN CURRENT INCOME. SUCH DISTRIBUTIONS REPRESENTED 55.2% OF MCDONNELL FND'S NET ASSETS OF 6,265,394 (AS MEASURED BY FAIR MARKET VALUE) AT THE BEGINNING OF 2022. INFORMATION REGARDING THESE DISTRIBUTIONS IS AS FOLLOWS: NAME AND ADDRESS OF ASSET DATE FAIR MARKET DISTRIBUTEES DISTRIBUTED OF DISTRIBUTION VALUE OF DISTRIBUTION (1) COMMUNITY FOUNDATION OF GREATER MEMPHIS RON AND IRENE AYOTTE FUND 1900 UNION AVE MEMPHIS TN 38104 CASH 12/06/22 1,153,644 (2) COMMUNITY FOUNDATION OF GREATER MEMPHIS MARY AND RYAN SCHELL FUND 1900 UNION AVE MEMPHIS TN 38104 CASH 12/06/22 1,153,644 (3) THE MCNEAL MCDONNELL FAMILY FOUNDATION 15 W GE PATTERSON AVE MEMPHIS TN 38103 CASH 12/22/22 1,153,644 DISTRIBUTIONS (1) AND (2) WERE CREDITED TO DONOR ADVISED FUNDS MAINTAINED BY THE COMMUNITY FOUNDATION OF GREATER MEMPHIS (CFGM) WHICH IS EXEMPT FROM TAXES UNDER SEC. 501(C)(3) AND IS A PUBLIC CHARITY. CFGM IS NOT CONTROLLED (DIRECTLY OR INDIRECTLY ) BY MCDONNELL FND OR ANY DISQUALIFIED PERSONS WITH RESPECT TO MCDONNELL FND. THE MCNEAL MCDONNELL FAMILY FOUNDATION IS A PRIVATE NONOPERATING FOUNDATION. THE ABOVE DISTRIBUTIONS WERE MADE TO FACILITATE THE DIVERGENT CHARITABLE OBJECTIVES OF THE FOUNDATION'S DISTRIBUTION COMMITTEE MEMBERS WHILE FUTHERING THE MCDONNELL FND'S CHARITABLE PURPOSE UNDER SEC. III OF ITS TRUST AGREEMENT (ORGANIZATIONS ENTITLED TO EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE CODE). | ExplanationTxt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TAX WITHHELD FROM 1099R | Desc |
| BOY Book Value | $175,144 | BOYBookValueAmt |
| EOY Book Value | $175,144 | EOYBookValueAmt |
| EOYFMV | $175,144 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TRANSFER OF ASSETS TO MCNEAL MCDONNELL FAM FND | Desc |
| Amt | $1,153,644 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| EXPENSES | ||
| BANK FEES | $46 | $46 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NET CHANGE IN FMV | Desc |
| Amt | -$750,701 | Amt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | EXCISE TAX | CategoryTxt |
| Amt | $694 | Amt |