2025-09-08T17:03:08-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 3740 DAVINCI COURT SUITE 400 PEACHTREE CORNERS GA 30092 990PF 2024-01-01 843630536 WILLETT FAMILY FOUNDATION INC WILL 7703831192 4319 WOOD CREEK DR MARIETTA GA 30062 JEFFREY BRETT WILLETT PRESIDENT/TREAS/SEC 7703831192 2025-09-08 1 1 JOHN MCELDERRY P00611416 7702460793 2025-09-06 2024 2025-03-06 01:10:19Z X 1653186 X X 3 3 41932 41932 502680 2636547 502680 3 3 544618 544618 0 0 0 4500 4500 0 19946 19946 0 7967 0 0 32413 24446 0 10000 10000 42413 24446 10000 502205 520172 54972 19438 19438 2910476 779189 1633748 2965448 798627 1653186 0 0 X 0 0 0 0 2965448 798627 2965448 798627 2965448 798627 2965448 502205 0 3467653 2669026 798627 MORGAN STANLEY 1973 P 2024-01-01 2024-12-31 11491 11370 121 121 MORGAN STANLEY 1973 P 2023-01-01 2024-12-31 246177 268291 -22114 -22114 MORGAN STANLEY 1974 P 2024-01-01 2024-12-31 50267 51748 -1481 -1481 MORGAN STANLEY 1974 P 2023-01-01 2024-12-31 2328612 1802458 526154 526154 502680 7230 0 7230 0 7230 8000 0 0 0 8000 0 770 770 0 0 0 0 0 0 0 0 0 0 1 1 1 GA 1 0 0 0 0 1 N/A J BRETT WILLETT 7703831192 4319 WOOD CREEK DR MARIETTA GA 30062 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JEFFREY BRETT WILLETT 4319 WOOD CREEK DR MARIETTA GA 30062 PRESIDENT/TREAS/SEC 5.00 0 0 0 CAITLIN ROGER 4164 DREAM CATCHER DRIVE WOODSTOCK GA 30189 DIRECTOR 1.00 0 0 0 CHRISTOPHER WILLETT 5802 SW 115TH STREET RD OCALA FL 34476 DIRECTOR 1.00 0 0 0 JENNIFER ALAINE WILLETT 205 TOUSSAINT LANDING DR DARDENNE PRAIRIE MO 63368 DIRECTOR 1.00 0 0 0 WILLIAM MERRETT WILLETT 11443 VALMONT LANE ALPHARETTA GA 30004 DIRECTOR 1.00 0 0 0 NONE 0 NONE 0 0 2215628 30355 0 2245983 0 0 2245983 33690 2212293 110615 110615 7230 7230 103385 0 103385 0 103385 10000 0 10000 103385 0 0 14827 360 35047 50234 10000 0 0 0 10000 0 50234 50234 0 0 0 0 0 43151 0 0 0 X MULTIDISCIPLINARY ASSOCIATION FOR PSYCHEDELIC STUDIES 3141 STEVENS CREEK BLVD 40563 SAN JOSE CA 95117 UNRELATED 501(C)(3) GENERAL PURPOSE 10000 10000 0 14 3 14 41932 14 3 18 502680 0 544618 0 544618 0 0 0 0 0 0 0 0 0 0 JENNIFER ALAINE WILLETT CHARITABLE FOUNDATION INC 205 TOUSSAINT LANDING DR DARDENNE PRAIRIE MO 63368 CASH 1334513 THE WILLETT LEGACY FOUNDATION INC 11443 VALMONT LANE ALPHARETTA GA 30004 CASH 1334513 EQUITIES AT COST 779189 1633748 STATEMENT REGARDING SUBSTANTIAL CONTRACTION (FORM 990-PF, PART VI-A, LINE 5) ON APRIL 22, 2024, WILLETT FAMILY FOUNDATION INC. TRANSFERRED APPROXIMATELY TWO-THIRDS OF ITS TOTAL ASSETS (BASED ON FAIR MARKET VALUE) TO TWO NEWLY ESTABLISHED PRIVATE NON-OPERATING FOUNDATIONS: JENNIFER ALAINE WILLETT CHARITABLE FOUNDATION INC., EIN: 99-1566849, LOCATED AT 205 TOUSSAINT LANDING DR., DARDENNE PRAIRIE, MO 63368 THE WILLETT LEGACY FOUNDATION INC., EIN: 99-0407315, LOCATED AT 11443 VALMONT LANE, ALPHARETTA, GA 30004 THESE TRANSFERS WERE MADE PURSUANT TO A MUTUAL AGREEMENT AMONG THE THREE DIRECTORS TO DIVIDE THE FOUNDATION'S ASSETS AND ALLOW EACH DIRECTOR TO PURSUE PHILANTHROPIC GOALS INDEPENDENTLY. WILLETT FAMILY FOUNDATION INC RETAINED APPROXIMATELY ONE-THIRD OF ITS ASSETS AND CONTINUES TO FUNCTION AS A PRIVATE NON-OPERATING FOUNDATION. THIS TRANSFER CONSTITUTES A SUBSTANTIAL CONTRACTION AS DEFINED BY IRS GUIDELINES, AND IS DISCLOSED ACCORDINGLY IN PART VI-A, LINE 5 OF FORM 990-PF. THE FOUNDATION IS NOT UNDERGOING LIQUIDATION, TERMINATION, OR DISSOLUTION. THE TRANSFERRED ASSETS ARE NOT BEING TREATED AS QUALIFYING DISTRIBUTIONS UNDER IRC SECTION 4942(G)(3), AND THE RECIPIENT FOUNDATIONS ARE NOT OBLIGATED TO MAKE QUALIFYING DISTRIBUTIONS OF THE TRANSFERRED FUNDS WITHIN THE FOLLOWING TAX YEAR. THE ORIGINAL FOUNDATION WILL SATISFY ITS MINIMUM DISTRIBUTION REQUIREMENT FOR THE CURRENT TAX YEAR THROUGH SEPARATE QUALIFYING DISTRIBUTIONS TO PUBLIC CHARITIES AND OTHER ELIGIBLE RECIPIENTS. AT THE TIME OF THE TRANSFERS, THE BOARD OF WILLETT FAMILY FOUNDATION INC CONSISTED OF THREE DIRECTORS. TWO OF THOSE DIRECTORS WHO SUBSEQUENTLY ASSUMED GOVERNANCE ROLES IN THE RECIPIENT FOUNDATIONS REMAINED ON THE BOARD THROUGH THE COMPLETION OF THE ASSET TRANSFERS TO ENSURE PROPER OVERSIGHT AND DOCUMENTATION. IMMEDIATELY FOLLOWING THE TRANSFERS, BOTH DIRECTORS RESIGNED FROM THE BOARD OF WILLETT FAMILY FOUNDATION INC. TO ENSURE CONTINUED INDEPENDENCE AND SOUND GOVERNANCE, THE FOUNDATION PROMPTLY APPOINTED TWO NEW DIRECTORS, NEITHER OF WHOM HAVE ANY FINANCIAL INTEREST IN OR GOVERNANCE ROLE WITH THE RECIPIENT FOUNDATIONS. AFTER THE TRANSFER OF ASSETS WAS COMPLETED, THE BOARD OF WILLETT FAMILY FOUNDATION INC IS COMPOSED ENTIRELY OF INDIVIDUALS WHO ARE INDEPENDENT OF THE RECIPIENT FOUNDATIONS AND ARE ACTIVELY ENGAGED IN OVERSEEING THE FOUNDATION'S REMAINING ASSETS AND CHARITABLE ACTIVITIES. LEGAL FEES 4500 4500 0 TRANSFER OF ASSETS 2669026 OTHER INCOME 3 3 3 INVESTMENT ADVISOR FEES 19946 19946 0 FEDERAL EST. TAXES 7967 0 0