CONNOLLY FAMILY FOUNDATION INC: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: CONNOLLY FAMILY FOUNDATION INC (EIN 46-0809078)
Tax period: 2021-07-01 to 2022-06-30
Filed: 2024-05-22
IRS object ID: 202431439349101503
Schema version: 2021v4.2
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
Depreciation Schedule
General Explanation Attachment
Investments Other Schedule2
Other Expenses Schedule
Other Income Schedule2
Other Professional Fees Schedule
Substantial Contributors Sch
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-05-22T12:29:05-05:00	ReturnTs
Tax Period End	2022-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	3333 New Hyde Park Rd Ste 406	AddressLine1Txt
City	New Hyde Park	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11042	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2021-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	460809078	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Connolly Family Foundation Inc	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% Foundation Source	InCareOfNm
Business Name Control	CONN	BusinessNameControlTxt
Phone	8008391754	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	Foundation Source 501 Silverside Rd	AddressLine1Txt
City	Wilmington	CityNm
State Abbreviation	DE	StateAbbreviationCd
ZIP	198091377	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOHN CONNOLLY	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	8008391754	PhoneNum
Signature	2024-05-21	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	JOHN	PersonFirstNm
Person Last	CONNOLLY	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Jeffrey D Haskell	PreparerPersonNm
PTIN	P01345770	PTIN
Phone	8008391754	PhoneNum

Additional Filer Information AdditionalFilerInformation

Field	Value	IRS element (for citing)
Trusted Customer		TrustedCustomerGrp

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Amended Return	Yes (X)	AmendedReturnInd
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$26,019,606	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	$4,031,904	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$1,481	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$1,481	InterestOnSavNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$3,332,162	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$2,020,630	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$4,255,985	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$489,227	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$448,925	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$7,854,774	TotalRevAndExpnssAmt
Total Net Invst Incm	$4,706,391	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss	$52,782	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$48,282	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$4,500	OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss	$27,300	TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss	$416,129	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$403,623	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$12,500	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$496,211	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$451,905	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$17,000	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$1,161,358	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$1,161,358	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$1,657,569	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$451,905	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$1,178,358	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$6,197,205	ExcessRevenueOverExpensesAmt
Net Investment Income	$4,254,486	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$352,224	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$140,054	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$140,054	SavAndTempCashInvstEOYFMVAmt
Other Investments BOY	$15,943,732	OtherInvestmentsBOYAmt
Other Investments EOY	$22,353,107	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$25,879,552	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$16,295,956	TotalAssetsBOYAmt
Total Assets EOY	$22,493,161	TotalAssetsEOYAmt
Total Assets EOYFMV	$26,019,606	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$16,295,956	RetainedEarningBOYAmt
Retained Earning EOY	$22,493,161	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$16,295,956	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$22,493,161	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$16,295,956	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$22,493,161	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$16,295,956	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$6,197,205	ExcessRevenueOverExpensesAmt
Subtotal	$22,493,161	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$22,493,161	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDesc	Gain Or LossGainOrLossAmt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
Passthrough K1 Capital Gain/(Loss)	$3,331,099
PUBLICLY-TRADED SECURITIES	$924,886	$2,020,630	$1,095,744	$924,886

Field	Value	IRS element (for citing)
Capital Gain Net Income	$4,255,985	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$59,137	InvestmentIncomeExciseTaxAmt
Subtotal	$59,137	SubtotalAmt
Tax Based On Investment Income	$59,137	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$30,300	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits	$46,378	TotalPaymentsAndCreditsAmt
Original Return Tax Paid	$16,078	OriginalReturnTaxPaidAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Es Penalty	$377	EsPenaltyAmt
Tax Due	$13,136	TaxDueAmt

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	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	GA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	Yes (true)	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	Foundation Source	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8008391754	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	501 Silverside Road Suite 123	AddressLine1Txt
City	Wilmington	CityNm
State Abbreviation	DE	StateAbbreviationCd
ZIP	198091377	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	Yes (true)	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
Acts Fail To Qlfy As Exceptions	false	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
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	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
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
John L Connolly
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Dir, Pres	1.0	$0	$0	$0
Leigh Z Connolly
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Sec	0.0	$0	$0	$0
John L Connolly Jr
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	Treas	1.0	$0	$0	$0
Catherine Greer Connolly
Foundation Source 501 Silverside Rd	Wilmington	DE	198091377	VP	1.0	$0	$0	$0

Field	Value	IRS element (for citing)
Summary Of Direct Chrtbl Acty		SummaryOfDirectChrtblActyGrp
Sum Of Program Related Invst		SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$168,387	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$404,400	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$29,132,892	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$29,705,679	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$29,705,679	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$445,585	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$29,260,094	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$1,463,005	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$1,463,005	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$59,137	TaxBasedOnInvestmentIncomeAmt
Total Tax	$59,137	TotalTaxAmt
Distributable Before Adj	$1,403,868	DistributableBeforeAdjAmt
Distributable Before Ded	$1,403,868	DistributableBeforeDedAmt
Distributable As Adjusted	$1,403,868	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$1,178,358	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$0	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$1,178,358	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$1,403,868	DistributableAsAdjustedAmt
Prior Year1	2019	PriorYear1Yr
Prior Year2	2018	PriorYear2Yr
Prior Year3	2017	PriorYear3Yr
Excess Distribution Cyov Yr5	$2,813,943	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$678,421	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$807,220	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$100,215	ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov	$4,399,799	TotalExcessDistributionCyovAmt
Qualifying Distributions	$1,178,358	QualifyingDistributionsAmt
Applied To Current Year	$1,178,358	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$225,510	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$225,510	ExcessDistributionCyovAppCYAmt
Total Corpus	$4,174,289	TotalCorpusAmt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5	$2,588,433	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$1,585,856	ExcessDistriCyovToNextYrAmt
Excess From Year4	$678,421	ExcessFromYear4Amt
Excess From Year3	$807,220	ExcessFromYear3Amt
Excess From Year2	$100,215	ExcessFromYear2Amt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	Catherine Greer Connolly	ContributingManagerNm
Contributing Manager	John L Connolly	ContributingManagerNm
Contributing Manager	John L Connolly Jr	ContributingManagerNm
Contributing Manager	Leigh Z Connolly	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (44 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt
ANGEL FLIGHT SOARS INC
2000 AIRPORT RD STE 227	ATLANTA	GA	30341	N/A	PC	Fly A Southern Child Scholarship Fund	$10,000
ATLANTA CHARITY CLAYS INC
1000 NORTHFIELD CT STE 120	ROSWELL	GA	30076	N/A	PC	General & Unrestricted	$10,000
ATLANTA COMMUNITY FOOD BANK INC
3400 N DESERT DR	ATLANTA	GA	30344	N/A	PC	General & Unrestricted	$25,000
ATLANTA HISTORICAL SOCIETY INC
130 W PACES FERRY RD NW	ATLANTA	GA	30305	N/A	PC	Charitable Event	$10,000
ATLANTA HISTORICAL SOCIETY INC
130 W PACES FERRY RD NW	ATLANTA	GA	30305	N/A	PC	Cultural Experience Project	$15,000
ATLANTA POLICE FOUNDATION INC
191 PEACHTREE ST NE STE 191	ATLANTA	GA	30303	N/A	PC	Blue Jean Ball	$5,000
ATLANTA UNION MISSION CORPORATION HCSR
2353 BOLTON RD NW	ATLANTA	GA	30318	N/A	PC	Virtual Schooling at My Sister's House	$25,000
ATLANTA URBAN SQUASH INC
5385 PEACHTREE DUNWOODY 618	ATLANTA	GA	30342	N/A	PC	General & Unrestricted	$15,000
ATLANTA YOUTH ACADEMIES INC
PO BOX 18237	ATLANTA	GA	30316	N/A	PC	Tuition Scholarship Fund	$15,000
ATLANTA-FULTON COUNTY ZOO INC
800 CHEROKEE AVE SE	ATLANTA	GA	30315	N/A	PC	Sponsored Admissions Program for the 2022 - 2023 school year	$10,000
BOBBY DODD INSTITUTE INC
2120 MARIETTA BLVD NW	ATLANTA	GA	30318	N/A	PC	General & Unrestricted	$10,000
BOYS & GIRLS CLUBS OF METRO ATLANTA INC
2880 DRESDEN DR	CHAMBLEE	GA	30341	N/A	PC	General & Unrestricted	$10,000
CAMP TWIN LAKES INC
1100 SPRING ST NW STE 406	ATLANTA	GA	30309	N/A	PC	Camper Scholarship fund	$25,000
CHASTAIN HORSE PARK LTD
4371 POWERS FERRY RD	ATLANTA	GA	30327	N/A	PC	Therapeutic Programming Scholarship Fund	$10,000
CHEROKEE EMPLOYEE SCHOLARSHIP FOUNDATION INC
155 W PACES FERRY RD NW	ATLANTA	GA	30305	N/A	PC	Employee Scholarship fund	$1,000
CITY OF REFUGE INC
1300 JOSEPH E BOONE BLVD NW	ATLANTA	GA	30314	N/A	PC	Eden Village Program	$50,000
COVENANT HOUSE GEORGIA INC
PO BOX 94465	ATLANTA	GA	30377	N/A	PC	General & Unrestricted	$25,000
CRISTO REY ATLANTA JESUIT HIGH SCHOOL INC
222 PIEDMONT AVE NE	ATLANTA	GA	30308	N/A	PC	Student Scholarship Fund	$25,000
D Bateman
18 Doswell Drive	Fredericksburg	VA	22405	none	I	Hardship Assistance Grant	$6,500
EAST LAKE FOUNDATION INC
2606 ALSTON DR SE	ATLANTA	GA	30317	N/A	PC	College and Career Readiness Program at Drew Academy charter school	$25,000
GEORGE WEST MENTAL HEALTH FOUNDATION INC
1961 N DRUID HILLS RD NE	BROOKHAVEN	GA	30329	N/A	PC	Mark C. West Financial Aid Program	$25,000
GEORGIA ALZHEIMERS FOUNDATION INC
PO BOX 20226	ST SIMONS IS	GA	31522	N/A	PC	General & Unrestricted	$50,000
GEORGIA JUSTICE PROJECT INC
438 EDGEWOOD AVE SE	ATLANTA	GA	30312	N/A	PC	General & Unrestricted	$50,000
HAND IN HAND OF GLYNN INC
PO BOX 2452	BRUNSWICK	GA	31521	N/A	PC	General & Unrestricted	$1,000
HOLY SPIRIT CHURCH ATLANTA INC
4465 NORTHSIDE DR NW	ATLANTA	GA	30327	N/A	PC	The Sovereign Military Order of Malta Federal Association - atlanta region. Project: a life is a beautiful event benefiting pregnancy aid clinic	$1,000
JONATHAN PROJECT INC
2974 E BATTLEFIELD ST	SPRINGFIELD	MO	65804	N/A	PC	General & Unrestricted	$50,000
MARINE TOYS FOR TOTS FOUNDATION
18251 QUANTICO GATEWAY DR	TRIANGLE	VA	22172	N/A	PC	2021 Toys for Tots Campaign	$1,000
NO LONGER BOUND INC
2725 PINE GROVE RD	CUMMING	GA	30041	N/A	PC	General & Unrestricted	$25,000
SOCCER IN THE STREETS INC
130 BLVD NE SUITE 1	ATLANTA	GA	30312	N/A	PC	Charitable Event	$5,000
SOCCER IN THE STREETS INC
130 BLVD NE SUITE 1	ATLANTA	GA	30312	N/A	PC	General & Unrestricted	$25,000
SPECIAL OPERATION CARE FUND INC
4279 ROSWELL RD STE 208 313	ATLANTA	GA	30342	N/A	PC	Gold Kids Camp Scholarship Fund	$10,000
STOP THE VIOLENCE IN ATLANTIC COUNTY
PO BOX 643	PLEASANTVILLE	NJ	08232	N/A	PC	Wrestling Mats for Atlantic City	$10,000
SWIM ACROSS AMERICA INC
11600 N COMMUNITY HOUSE ROAD STE	CHARLOTTE	NC	28277	N/A	PC	General & Unrestricted	$1,000
THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND
PO BOX 61075	NEW ORLEANS	LA	70161	N/A	PC	the connolly family business management minor endowed fund and for current use	$192,858
THE ATLANTA OPERA INC
1575 NORTHSIDE DR NW BLDG 300 STE 3	ATLANTA	GA	30318	N/A	PC	Spring Productions: 96-hour opera project	$25,000
THOROUGHBRED CHARITIES OF AMERICA INC
2365 HARRODSBURG RD STE A200	LEXINGTON	KY	40504	N/A	SO I	General & Unrestricted	$1,000
TRENTON YOUTH WRESTLING
4547 PROVINCE LINE RD	PRINCETON	NJ	08540	N/A	PC	General & Unrestricted	$10,000
UNITED WAY OF KENTUCKY
334 EAST BROADWAY STE 308	LOUISVILLE	KY	40202	N/A	PC	For Families impacted by the devastating tornado event of december 10 and 11, 2021	$5,000
WASHINGTON & LEE UNIVERSITY
204 WEST WASHINGTON ST	LEXINGTON	VA	24450	N/A	PC	Charitable Event	$25,000
WASHINGTON & LEE UNIVERSITY
204 WEST WASHINGTON ST	LEXINGTON	VA	24450	N/A	PC	JL Connolly Center for Entrepreneurship Chair position	$231,000
WASHINGTON & LEE UNIVERSITY
204 WEST WASHINGTON ST	LEXINGTON	VA	24450	N/A	PC	Annual Fund Undergrad	$5,000
WASHINGTON & LEE UNIVERSITY
204 WEST WASHINGTON ST	LEXINGTON	VA	24450	N/A	PC	General & Unrestricted	$10,000
WILLIAM J PALMER PARKS FOUNDATION INC
PO BOX 1281	COLORADO SPGS	CO	80901	N/A	PC	General & Unrestricted	$25,000
YEAR UP INC
45 MILK ST 9TH FL	BOSTON	MA	02109	N/A	PC	Closing the Opportunity Divide - Atlanta, Georgia year up	$50,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$1,161,358	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,481	ExclusionAmt

Field	Value	IRS element (for citing)
Dividends And Interest From Sec Dtl		DividendsAndInterestFromSecDtl
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Income		OtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Business	525990	BusinessCd
Unrelated Business Taxbl Incm	-$22	UnrelatedBusinessTaxblIncmAmt
Exclusion	18	ExclusionCd
Exclusion	$3,332,184	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDesc	ExclusionExclusionCd	ExclusionExclusionAmt
K-1 Inc/Loss	14	$448,925
Federal Tax Refund	01	$40,302

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	-$22	UnrelatedBusinessTaxblIncmAmt
Exclusion	$3,822,892	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$3,822,870	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 (2 entries)

ContributorContributorNum	Address Line1ContributorUSAddress/AddressLine1Txt	CityContributorUSAddress/CityNm	State AbbreviationContributorUSAddress/StateAbbreviationCd	ZIPContributorUSAddress/ZIPCd	Total ContributionsTotalContributionsAmt	Person ContributionPersonContributionInd	Noncash ContributionNoncashContributionInd
Connolly Jr John L
1	283 Hillside Drive NW	Atlanta	GA	30342	$2,015,770	Yes (X)	Yes (X)
Greer Connolly Catherine
2	5200 Kingston Court NE	Sandy Springs	GA	30342	$2,016,134	Yes (X)	Yes (X)

Non Cash Property Contribution NonCashPropertyContributionGrp (2 entries)

ContributorContributorNum	Noncash PropertyNoncashPropertyDesc	Fair Market ValueFairMarketValueAmt	ReceivedReceivedDt
1	WCM FOCUSED INTL GROWTH FUNDS INSTL WCMIX, 36500 SH.	$1,009,590	2021-12-29
2	WCM FOCUSED INTL GROWTH FUNDS INSTL WCMIX, 36500 SH.	$1,009,955	2021-12-28

Depreciation Schedule DepreciationSchedule

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp (2 entries)

IdentifierIdentifierTxt	Form And Line ReferenceFormAndLineReferenceDesc	Medium ExplanationMediumExplanationTxt
part I line 6A (990-PF)	PART I LINE 6A (990-PF)	RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $3,332,184 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $(22) TOTAL PART I, LINE 6A: $3,332,162 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $2,020,630 BOOK BASIS: $2,019,545 NET GAIN/(LOSS): $1,085 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $3,331,099
FORMS 926	FORMS 926	The Foundation has prepared these forms to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Field	Value	IRS element (for citing)
Category Or Item	NEW PROVIDENCE BALANCED PORTFO	CategoryOrItemTxt
Book Value	$22,353,107	BookValueAmt
EOYFMV	$25,879,552	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
Administrative Fees	$12,500	$12,500
K-1 Exp NEW PROVIDENCE BALANCE	$403,627		$403,621
BANK CHARGES	$2		$2

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt
K-1 Inc/Loss NEW PROVIDENCE BALANCED PORTFOLIO, L.	$448,925	$448,925
Federal Tax Refund	$40,302

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt	Net Investment IncomeNetInvestmentIncomeAmt
Administration of Foundation	$4,500	$4,500
Investment Management Services	$48,282		$48,282

Substantial Contributors Sch SubstantialContributorsSch

Substantial Contributor Detail SubstantialContributorDetail (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd
Connolly Jr John L
283 Hillside Drive NW	Atlanta	GA	30342
Greer Connolly Catherine
5200 Kingston Court NE	Sandy Springs	GA	30342

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

Field	Value	IRS element (for citing)
Category	990-PF Estimated Tax for 2022	CategoryTxt
Amt	$27,300	Amt