KENNEDY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
KENNEDY FOUNDATION (EIN 33-0719806)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-13
IRS object ID
202443189349101999
Schema version
2023v5.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-13T12:19:56-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13333 New Hyde Park Rd Ste 406AddressLine1Txt
CityNew Hyde ParkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11042ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN330719806EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1The Kennedy FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% Foundation SourceInCareOfNm
Business Name ControlKENNBusinessNameControlTxt
Phone8008391754PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Foundation Source 501 Silverside RdAddressLine1Txt
CityWilmingtonCityNm
State AbbreviationDEStateAbbreviationCd
ZIP198091377ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
Personparker kennedyPersonNm
Person TitlecfoPersonTitleTxt
Phone8008391754PhoneNum
Signature2024-11-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJeffrey D HaskellPreparerPersonNm
PTINP01345770PTIN
Phone8008391754PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$38,621,645FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$0ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$70,534InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$70,534InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$1,093,709DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,007,871DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$92,529NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$10,054,056GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$303,223CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,071,714TotalRevAndExpnssAmt
Total Net Invst Incm$1,381,628TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$0CompOfcrDirTrstRevAndExpnssAmt
Legal Fees Rev And Expnss$6,119LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Adj Net Incm$0LegalFeesAdjNetIncmAmt
Legal Fees Dsbrs Chrtbl$6,119LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$26,250AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Adj Net Incm$0AccountingFeesAdjNetIncmAmt
Accounting Fees Chrtbl Prps$26,250AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$196,288OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$196,288OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$28,500TaxesRevAndExpnssAmt
Taxes Net Invst Incm$300TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$164,887OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$7OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$164,880OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$422,044TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$196,595TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Adj Net Incm$0TotOprExpensesAdjNetIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$197,249TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$923,840ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$923,840ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$1,345,884TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$196,595TotalExpensesNetInvstIncmAmt
Total Expenses Adj Net Incm$0TotalExpensesAdjNetIncmAmt
Total Expenses Dsbrs Chrtbl$1,121,089TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$274,170ExcessRevenueOverExpensesAmt
Net Investment Income$1,185,033NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$2,253,758SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,096,189SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,096,189SavAndTempCashInvstEOYFMVAmt
Acct Rcvbl BOY$4,678AcctRcvblBOYAmt
US Government Obligations BOY$10,265,893USGovernmentObligationsBOYAmt
US Government Obligations EOY$9,919,637USGovernmentObligationsEOYAmt
US Govt Obligations EOYFMV$9,982,916USGovtObligationsEOYFMVAmt
Corporate Stock BOY$24,019,776CorporateStockBOYAmt
Corporate Stock EOY$23,938,986CorporateStockEOYAmt
Corporate Stock EOYFMV$25,458,335CorporateStockEOYFMVAmt
Corporate Bonds BOY$763,506CorporateBondsBOYAmt
Corporate Bonds EOY$2,079,080CorporateBondsEOYAmt
Corporate Bonds EOYFMV$2,084,205CorporateBondsEOYFMVAmt
Total Assets BOY$37,307,611TotalAssetsBOYAmt
Total Assets EOY$37,033,892TotalAssetsEOYAmt
Total Assets EOYFMV$38,621,645TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$37,307,611RetainedEarningBOYAmt
Retained Earning EOY$37,033,892RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$37,307,611TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$37,033,892TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$37,307,611TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$37,033,892TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$37,307,611TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$274,170ExcessRevenueOverExpensesAmt
Other Increases$451OtherIncreasesAmt
Subtotal$37,033,892SubtotalAmt
Tot Net Ast Or Fund Balances EOY$37,033,892TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPublicly-traded SecuritiesPropertyDesc
Gross Sales Price$10,054,056GrossSalesPriceAmt
Cost Or Other Basis$9,750,833CostOrOtherBasisAmt
Gain Or Loss$303,223GainOrLossAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$303,223CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$16,472InvestmentIncomeExciseTaxAmt
Subtotal$16,472SubtotalAmt
Tax Based On Investment Income$16,472TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$19,974EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits$19,974TotalPaymentsAndCreditsAmt
Form2220 AttachedYes (X)Form2220AttachedInd
Es Penalty$0EsPenaltyAmt
Overpayment$3,502OverpaymentAmt
Applied To ES Tax$3,502AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateCAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Foundation SourceBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8008391754PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line155 WALLS DRIVE FL 3AddressLine1Txt
CityFairfieldCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06824ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
Amy Healey
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir1.0$0$0$0
Parker Kennedy
Foundation Source 501 Silverside RdWilmingtonDE198091377CFO, Dir1.0$0$0$0
Elizabeth Kennedy Myers
Foundation Source 501 Silverside RdWilmingtonDE198091377Dir1.0$0$0$0

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdService TypeServiceTypeTxtCompensationCompensationAmt
Foundation Source
55 Walls Drive 3rd FlFairfieldCT06824Administrative$164,030
First American Bank
5 FIRST AMERICAN WAYSANTA ANACA92707Investment MMGT$133,368
ENSEMBLE CAPITAL MANAGEMENT LLC
555 MISSION ST STE 3325SAN FRANCISCOCA94105Investment Mgmt$62,920
FieldValueIRS element (for citing)
Summary Of Direct Chrtbl ActySummaryOfDirectChrtblActyGrp
Sum Of Program Related InvstSumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$35,018,273AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,601,596AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$36,619,869TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$36,619,869AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$549,298CashDeemedCharitableAmt
Net Vl Noncharitable Assets$36,070,571NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,803,529MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,803,529MinimumInvestmentReturnAmt
Tax Based On Investment Income$16,472TaxBasedOnInvestmentIncomeAmt
Total Tax$16,472TotalTaxAmt
Distributable Before Adj$1,787,057DistributableBeforeAdjAmt
Distributable Before Ded$1,787,057DistributableBeforeDedAmt
Distributable As Adjusted$1,787,057DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$1,121,089ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid$0CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test$0SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test$0SetAsideCashDistriTestAmt
Qualifying Distributions$1,121,089QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,787,057DistributableAsAdjustedAmt
Undistributed Income PY$1,085,649UndistributedIncomePYAmt
Prior Year12021PriorYear1Yr
Prior Year22020PriorYear2Yr
Prior Year32019PriorYear3Yr
Qualifying Distributions$1,121,089QualifyingDistributionsAmt
Applied To Year1$1,085,649AppliedToYear1Amt
Applied To Current Year$35,440AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Total Corpus$0TotalCorpusAmt
Undistributed Income CY$1,751,617UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt
Excess From Current Year$0ExcessFromCurrentYearAmt
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNONEContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (24 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
CHILDREN'S HOSPITAL OF LOS ANGELES
4650 W SUNSET BLVDLOS ANGELESCA90027N/APCFetal and Neonatal Institute fund$25,000
CHILDREN'S HOSPITAL OF LOS ANGELES
4650 W SUNSET BLVDLOS ANGELESCA90027N/APCCancer and Blood Diseases (CBDI)$25,000
CRYSTAL COVE CONSERVANCY
5 CRYSTAL COVENEWPORT COASTCA92657N/APCGeneral & Unrestricted$35,000
CRYSTAL COVE CONSERVANCY
5 CRYSTAL COVENEWPORT COASTCA92657N/APCNorth Beach Cottage Restoration fund$50,000
DANCE DOWNTOWN LA INC
8605 SANTA MONICA BLVD 18123LOS ANGELESCA90069N/APCGeneral & Unrestricted$33,500
FRIENDS OF NEW YORK CITY NURSE FAMILY PARTNERSHIP
1035 FIFTH AVE STE 10BNEW YORKNY10028N/APCGeneral & Unrestricted$10,000
GARY SINISE FOUNDATION
PO BOX 680819FRANKLINTN37068N/APCGeneral & Unrestricted$100,000
GRADES OF GREEN INC
1730 E HOLLY AVEEL SEGUNDOCA90245N/APCGeneral & Unrestricted$50,000
GROWINGGREAT
2711 N SEPULVEDA BLVD 279MANHATTAN BEACHCA90266N/APCGeneral & Unrestricted$25,000
LOS ANGELES WATERKEEPER
360 E 2ND ST STE 250LOS ANGELESCA90012N/APCGeneral & Unrestricted$50,000
MUSEUM ASSOCIATES
5905 WILSHIRE BLVDLOS ANGELESCA90036N/APCLACMA Fund$103,500
PACIFIC LEGAL FOUNDATION
555 CAPITOL MALL STE 1290SACRAMENTOCA95814N/APCGeneral & Unrestricted$50,000
PACIFIC SYMPHONY
17620 FITCH AVE STE 100IRVINECA92614N/APCGeneral Operating Fund and Education Programs$20,000
PALOS VERDES ART CENTER BEVERLY G ALPAY CENTER FOR
5504 W CRESTRIDGE RD RANCHO PALOS VRANCHO PALOS VERDESCA90275N/APCGeneral & Unrestricted$43,340
SANTA ANA COLLEGE FOUNDATION
1530 W 17TH STSANTA ANACA92706N/APCPresident's Circle Program$20,000
SOUTH COAST BOTANIC GARDEN FOUNDATION INC
26300 CRENSHAW BLVDPLS VRDS PNSLCA90274N/APCGeneral & Unrestricted$50,000
SPECIAL HEARTS IN THE ARTS
PO BOX 270114CORP CHRISTITX78427N/APCGeneral & Unrestricted$20,000
ST JOSEPH HOSPITAL OF ORANGE
1100 W STEWART DRORANGECA92868N/APCGeneral & Unrestricted$20,000
THE PRIORITY CENTER ENDING THE GENERATIONAL CYCLE
1940 E DEERE AVE STE 100SANTA ANACA92705N/APCGeneral & Unrestricted$50,000
THE SALVATION ARMY
180 OCEAN BLVDLONG BEACHCA90802N/APCThe Salvation Army Henley Youth Center$50,000
THE WOODEN FLOOR FOR YOUTH MOVEMENT
1810 N MAIN STSANTA ANACA92706N/APCGeneral & Unrestricted$20,000
TREE OF LIFE MINISTRY
140 S ROOSEVELT AVEMISSIONSD57555N/APCRosebud Skatepark Development Project$10,000
UPPER MISSOURI WATERKEEPER INC
24 S WILLSON AVE STE 6-7BOZEMANMT59715N/APCGeneral & Unrestricted$53,500
WHISKERS & TAILS FOUNDATION
28332 PALOS VERDES DR ERCH PALOS VRDCA90275N/APCGeneral & Unrestricted$10,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$923,840TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

FieldValueIRS element (for citing)
Fees Contracts From Govt AgFeesContractsFromGovtAgGrp
Membership Dues And AssmntMembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$70,534ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,093,708ExclusionAmt
FieldValueIRS element (for citing)
Net Rntl Incm Re Debt Fincd PropNetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Income Personal PropNetRentalIncomePersonalPropGrp
Other Investment IncomeOtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$92,528ExclusionAmt
FieldValueIRS element (for citing)
Net Income Loss From Special EvtNetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of InvntryGrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$1,071,714ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,071,714TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAudit FeesCategoryTxt
Amt$26,250Amt
Disbursements Charitable Prps$26,250DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

General Explanation Attachment GeneralExplanationAttachment

General Explanation GeneralExplanationGrp

FieldValueIRS element (for citing)
IdentifierPart XII - Undistributed IncomeIdentifierTxt
Form And Line ReferencePart XII - Undistributed IncomeFormAndLineReferenceDesc
Medium ExplanationIn 2024, The Kennedy Foundation (the "Foundation") discovered that on its Forms 990-PF for taxable years ending December 31, 2021 and December 31, 2022, Part IX was not recorded properly. The Foundation would not have been subject to an underdistribution penalty under 4942 for the years 2021-2023 if the average value of the assets had been properly recorded in Part IX. Therefore, the Foundation has chosen not to amend Forms 990-PF for taxable years ending December 31, 2021 and December 31, 2022. Instead, the Foundation has adjusted the amount reported in Part XII of Form 990-PF for year ending December 31, 2023 to reflect the correct balance.MediumExplanationTxt

Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule

Investments Corporate Bonds InvestmentsCorporateBondsGrp (11 entries)

BondBondNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
BANK AMER CORP BOND - 3.248% -$185,650$190,466
BANK NEW YORK MELLONCORP MTN -$191,500$190,392
BANK OF AMERICA CORP - 3.875%$196,400$197,004
COMCAST CORP NOTE - 4.150% - 1$195,000$197,386
GOLDMAN SACHS GROUP INC NOTE -$194,700$195,924
JPMORGAN CHASE &CO NOTE - 2.95$189,606$190,595
MORGAN STANLEY - 3.125% - 07/2$188,156$191,571
PNC FIN SVCS - 2.550% - 01/22/$176,000$175,172
SCHWAB CHARLES CORP NOTE CALL$171,828$167,281
UNITEDHEALTH GROUP INC NOTE -$194,600$193,800
WELLS FARGO CO - 4.150% - 01/2$195,640$194,614

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (71 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
ABBOTT LABS$104,558$101,485
ADOBE SYSTEMS, INC$55,833$69,206
ADVANCED MICRO DEVICES INC$39,003$45,550
AIR PRODS & CHEM INC$38,336$32,308
ALERIAN MLP ETF$165,848$182,921
ALPHABET INC CL A$182,229$221,548
AMAZON COM$161,873$180,353
AMERICAN FUNDS EUROPACIFIC GRO$285,089$223,190
AMERICAN TOWER REIT INC$24,422$29,791
APPLE INC$141,404$205,430
BOOKING HOLDINGS INC$47,091$70,944
BOSTON SCIENTIFIC$42,030$56,596
CATERPILLAR INC$52,513$67,708
CHART INDUSTRIES, INC$22,081$25,085
CITIGROUP INC$53,125$59,259
CME GROUP, INC$43,402$50,123
CMS ENERGY CP$75,600$68,755
COHEN AND STEERS REALTY SHARES$77,685$69,898
COMCAST CORP$64,067$58,233
CULLEN INTERNATIONAL$189,697$194,350
CVS CAREMARK CORP$59,261$44,297
DELAWARE EMERGING MARKETS$167,888$140,659
ELEVANCE HEALTH INC$64,565$75,921
ELI LILLY & CO$31,952$79,277
EMERSON ELECTRIC CO$95,388$102,099
ENPHASE ENERGY ORD SHS$23,901$17,575
EOG RESOURCES INC$41,091$72,570
EQUINIX, INC$22,805$25,772
FIRST AMERICAN CORP$18,534,390$19,405,461
FIRST EAGLE SOGEN OVERSEAS FUN$109,533$119,534
GOLDMAN SACHS HIGH YIELD FUND$200,000$207,778
GOLDMAN SACHS SM CAP VALUE FUN$150,272$157,029
HONEYWELL INTL$70,058$65,639
HOTCHKIS & WILEY MID CAP VAL I$181,889$236,896
IQVIA HOLDINGS INC$53,045$58,308
ISHARES GOLD TR$53,325$56,281
JACKSON SQUARE SMID-CAP GROWTH$105,864$117,963
JACOBS SOLUTIONS INC$48,816$44,781
JP MORGAN CHASE$103,347$118,220
JPMORGAN DIVERSIFIED MID CAP G$170,955$185,693
JPMORGAN INTERNATIONAL FOCUS F$204,564$226,349
MARSH AND MCLENNAN COMPANIES I$52,954$56,083
MARVELL TECHNOLOGY, INC$50,159$69,839
META PLATFORMS INC$46,008$106,188
MICROSOFT CORP$178,427$259,091
NEXTERA ENERGY, INC$76,212$53,208
NIKE INC-CL B$39,951$37,891
NOVO NORDISK A S$16,217$25,035
NXP SEMICONDUCTORS$45,485$53,056
ORACLE CORP$63,829$86,347
PHILLIPS 66$45,511$59,247
QUALCOMM INC$53,102$57,129
RIO TINTO PLC SPONSORED ADR$31,898$36,188
ROCKWELL AUTOMATION INC$31,195$35,705
SCHLUMBERGER LTD$38,344$65,466
SERVICE NOW$29,871$38,857
TERADYNE INC$44,338$49,377
TESLA MOTORS INC$18,833$29,818
THE COCA-COLA CO$53,128$57,457
THERMO FISHER SCIENTIFIC INC$60,762$64,226
TRIMBLE NAV LTD$37,449$36,708
TYSON FOODS INC CL A$64,381$59,931
UBER$24,615$55,475
ULTA SALON, COSMETICS & FRAGRA$13,001$19,600
UNION PACIFIC$55,361$62,387
VANGUARD SHORT-TERM TREASURY A$49,322$50,037
VERTEX PHARMCTLS INC$53,080$69,578
VISA INC$83,387$96,330
WAL-MART STORES INC$76,057$75,199
WALT DISNEY HOLDINGS CO$97,757$61,849
ZOETIS INC$49,557$60,198

Investments Govt Obligations Sch InvestmentsGovtObligationsSch

FieldValueIRS element (for citing)
US Govt Obligations Book Vl EOY$7,606,271USGovtObligationsBookVlEOYAmt
US Govt Obligations EOYFMV$7,715,501USGovtObligationsEOYFMVAmt
State Local Sec Book Vl EOY$2,313,366StateLocalSecBookVlEOYAmt
State Local Sec EOYFMV$2,267,415StateLocalSecEOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryDocument Review/DraftingCategoryTxt
Legal Fees$6,119LegalFeesAmt
Disbursements Charitable Prps$6,119DisbursementsCharitablePrpsAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmtNet Investment IncomeNetInvestmentIncomeAmt
Administrative Fees$164,030$164,030
Bank Charges$7$7
State or Local Filing Fees$850$850

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD ADJUSTMENTDesc
Amt$451Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryInvestment Management ServicesCategoryTxt
Amt$196,288Amt
Net Investment Income$196,288NetInvestmentIncomeAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (3 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
990-PF Estimated Tax for 2023$11,000
990-PF Extension for 2022$17,200
Foreign Tax Paid$300$300

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