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  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-01-26T09:19:28-05:00</ReturnTs>
    <TaxPeriodEndDt>2016-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>592110180</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>HILLEGASS CHEPENIK &amp; HOOD CPAS</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>427 3RD STREET NORTH</AddressLine1Txt>
        <CityNm>JACKSONVILLE BEACH</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>322507028</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2016-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>200450757</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE TAYLOR FAMILY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>TAYL</BusinessNameControlTxt>
      <USAddress>
        <AddressLine1Txt>408 OCEAN FRONT</AddressLine1Txt>
        <CityNm>NEPTUNE BEACH</CityNm>
        <StateAbbreviationCd>FL</StateAbbreviationCd>
        <ZIPCd>32266</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>E J TAYLOR</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <SignatureDt>2017-01-05</SignatureDt>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>WILLIAM G HILLEGASS</PreparerPersonNm>
      <PTIN>P01213143</PTIN>
      <PhoneNum>9042460713</PhoneNum>
      <PreparationDt>2017-01-26</PreparationDt>
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    </FilingSecurityInformation>
    <TaxYr>2016</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="1">
    <IRS990PF documentId="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>6634</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>200000</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>1</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>1</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>1</InterestOnSavingsAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>200001</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>1</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>1</TotalAdjNetIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>0</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>196029</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>196029</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>196029</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>196029</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>3972</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>1</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>2662</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>6634</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>6634</SavAndTempCashInvstEOYFMVAmt>
        <TotalAssetsBOYAmt>2662</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>6634</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>6634</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <RetainedEarningBOYAmt>2662</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>6634</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2662</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>6634</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2662</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>6634</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2662</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>3972</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>6634</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>6634</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>183330</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>7846</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>23.366046</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>213308</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>11424</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>18.671919</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>110178</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>17235</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>6.392689</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>141073</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>13300</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>10.606992</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>64950</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>14031</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>4.629036</DistributionYr5Rt>
        <TotalDistributionRt>63.666682</TotalDistributionRt>
        <AverageDistributionRt>12.733336</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>7985</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>101676</AdjNetVlNoncharitableAssetsAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>101676</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>196029</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>0</InvestmentIncomeExciseTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>WILLIAM G HILLEGASS</IndividualWithBooksNm>
        <PhoneNum>9042460713</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>427 3RD ST NORTH</AddressLine1Txt>
          <CityNm>JACKSONVILLE BCH</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>32250</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ROBERT TAYLOR</PersonNm>
          <USAddress>
            <AddressLine1Txt>408 OCEANFRONT</AddressLine1Txt>
            <CityNm>NEPTUNE BEACH</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32266</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>E J TAYLOR</PersonNm>
          <USAddress>
            <AddressLine1Txt>408 OCEANFRONT</AddressLine1Txt>
            <CityNm>NEPTUNE BEACH</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32266</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>8107</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>8107</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>8107</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>122</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>7985</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>399</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>399</MinimumInvestmentReturnAmt>
        <DistributableBeforeAdjAmt>399</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>399</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>399</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>196029</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>196029</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>196029</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>399</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>64248</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>140408</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>109316</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>212737</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>182938</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>709647</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>196029</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>399</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>195630</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>905277</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>64248</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>841029</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>140408</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>109316</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>212737</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>182938</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>195630</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>ROBERT TAYLOR EJ TAYLOR</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>EJ TAYLOR</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>427 3RD STREET NORTH</AddressLine1Txt>
            <CityNm>JACKSONVILLE BEACH</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32250</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>9042460713</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>NO REQUIRED FORMAT</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NO SUBMISSION DEADLINES</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NO RESTRICTIONS.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SEE ATTACHED SCHEDULE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>427 3RD STREET NORTH</AddressLine1Txt>
            <CityNm>JACKSONVILLE BEACH</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32250</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>ACTIVE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>196029</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>196029</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>1</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>1</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
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