Form990-PF

Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Nonexempt Charitable Trust
Treated as a Private Foundation
Note. The foundation may be able to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0052
2012
Open to Public Inspection
For calendar year 2012, or tax year beginning 07-01-2012 , and ending 06-30-2013
Name of foundation
CAROLINE & SIGMUND SCHOTT FUND
 
% MARGO BRATHWAITE
Number and street (or P.O. box number if mail is not delivered to street address)675 MASSACHUSETTS AVENUESuite 8th flRoom/suite
City or town, state, and ZIP code
CAMBRIDGE, MA02139
A Employer identification number

11-2856561
B Telephone number (see instructions)

(617) 876-7700
C bullet
G Check all that apply:

D 1. bullet
2. bullet
H Check type of organization:
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$37,564,102J Accounting method:
 
(Part I, column (d) must be on cash basis.)
E bullet
F bullet
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet
3 Interest on savings and temporary cash investments 366 366  
4 Dividends and interest from securities...... 521,879 521,879  
5a Gross rents..............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,073,959
b Gross sales price for all assets on line 6a 11,443,164
7 Capital gain net income (from Part IV, line 2)... 2,073,959
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,042,306 123,658  
12 Total. Add lines 1 through 11........ 3,638,510 2,719,862  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 6,391 0 0 5,004
b Accounting fees (attach schedule)....... Click to see attachment 118,150 0 0 53,466
c Other professional fees (attach schedule).... Click to see attachment 350,708 235,285   65,171
17 Interest...............        
18 Taxes (attach schedule) (see instructions) Click to see attachment 45,392 7,534    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 5,833     5,571
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 52,554 15,009   35,910
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 579,028 257,828 0 165,122
25 Contributions, gifts, grants paid........ 1,352,046 1,361,064
26 Total expenses and disbursements. Add lines 24 and 25 1,931,074 257,828 0 1,526,186
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,707,436
b Net investment income (if negative, enter -0-) 2,462,034
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2012)
Form 990-PF (2012)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)		 Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing...............      
2 Savings and temporary cash investments.......... 1,361,628 3,065,566 3,065,566
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see page 15 of the
instructions)....................      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use...............      
9 Prepaid expenses and deferred charges........... 28,666 10,778 10,778
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)........ 22,063,889 Click to see attachment17,704,882 17,704,882
c Investments—corporate bonds (attach schedule)........      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans..............      
13 Investments—other (attach schedule)........... 11,648,908 Click to see attachment15,321,724 15,321,724
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment270,000 Click to see attachment1,461,152 Click to see attachment1,461,152
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 35,373,091 37,564,102 37,564,102
Liabilities 17 Accounts payable and accrued expenses.......... 142,859 208,860
18 Grants payable................... 20,000 11,000
19 Deferred revenue..................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment27,000 Click to see attachment62,000
23 Total liabilities (add lines 17 through 22).......... 189,859 281,860
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................... 35,183,232 37,282,242
25 Temporarily restricted................    
26 Permanently restricted................    
bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds.........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see page 17 of the
instructions).................... 35,183,232 37,282,242
31 Total liabilities and net assets/fund balances (see page 17 of
the instructions).................. 35,373,091 37,564,102
Part III Analysis of Changes in Net Assets or Fund Balances
1 Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree
with end-of-year figure reported on prior year’s return)............... 1 35,183,232
2 Enter amount from Part I, line 27a..................... 2 1,707,436
3 Other increases not included in line 2 (itemize) bulletClick to see attachment 3 426,574
4 Add lines 1, 2, and 3.......................... 4 37,317,242
5 Decreases not included in line 2 (itemize) bulletClick to see attachment 5 35,000
6 Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30. 6 37,282,242
Form 990-PF (2012)
Form 990-PF (2012)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.) 		(b) How acquired
P—Purchase
D—Donation 		(c) Date acquired
(mo., day, yr.) 		(d) Date sold
(mo., day, yr.)
1 a 96774.194 SHS ARTISAN EMERGING MKTS P 2011-05-16 2013-01-14
b 35074.045 SHS ARTISAN EMERGING MKTS P 2011-11-03 2013-01-14
c 1222.805 SHS ARTISAN EMERGING MKTS P 2011-12-15 2013-01-14
d 339.538 SHS ARTISAN EMERGING MKTS P 2011-12-15 2013-01-14
e 20990.764 SHS ARTISAN EMERGING MKTS P 2012-01-12 2013-01-14
2344.264 SHS ARTISAN EMERGING MKTS P 2012-12-19 2013-01-14
13262.599 SHS ABERDEEN EMERGING MKTS P 2013-01-16 2013-06-06
118.885 SHS COMMODITYREALRETURN STRATEGY FUND P 2004-12-13 2012-07-03
1266.203 SHS COMMODITYREALRETURN STRATEGY FUND P 2004-12-13 2012-07-03
1581.957 SHS COMMODITYREALRETURN STRATEGY FUND P 2004-12-13 2012-07-03
5870.094 SHS COMMODITYREALRETURN STRATEGY FUND P 2004-12-29 2012-11-01
3511.538 SHS COMMODITYREALRETURN STRATEGY FUND P 2005-03-24 2012-11-01
3362.206 SHS COMMODITYREALRETURN STRATEGY FUND P 2005-06-23 2012-11-01
7323.957 SHS COMMODITYREALRETURN STRATEGY FUND P 2005-09-22 2012-11-01
120.93 SHS COMMODITYREALRETURN STRATEGY FUND P 2005-12-14 2012-11-01
10131.712 SHS PIMCO TOTAL RETURN FUND III P 2010-02-03 2013-01-07
10131.712 SHS PIMCO TOTAL RETURN FUND III P 2010-02-03 2013-01-07
55673.383 SHS PIMCO TOTAL RETURN FUND III P 2010-02-03 2013-06-21
15906.681 SHS PIMCO TOTAL RETURN FUND III P 2010-02-03 2013-06-21
23182.297 SHS PIMCO TOTAL RETURN FUND III P 2010-02-03 2013-06-28
1295.23 SHS FORESTER DIVERSIFIED LTD A2/SERIES 07/12 P 2009-07-01 2013-06-30
THRU CHARLES SCHWAB/PRENTISS SMITH P   2012-10-23
THRU CHARLES SCHWAB/PRENTISS SMITH P   2012-10-23
4719.9497 SHS WALDEN EQUITY FUND P   2013-05-07
1539.409 SHS NB SOCIALLY RESPONSIVE FUND P 2012-11-01 2013-05-30
3173.596 SHS NB SOCIALLY RESPONSIVE FUND P 2012-11-01 2013-06-21
325.62 SHS WALDEN SMALL CAP INNOVATIONS FUND P 2012-02-23 2013-05-07
655 SHS FACTSET RESEARCH SYS P 2012-11-02 2013-04-26
230 SHS EOG RESOURCES P 2012-09-28 2013-05-07
280 SHS CHURCH & DWIGHT CO P 2012-09-17 2013-05-08
110 SHS ECOLAB INC P 2012-07-24 2013-05-08
215 SHS ECOLAB INC P 2012-08-09 2013-05-08
425 SHS ECOLAB INC P 2012-11-02 2013-05-08
230 SHS JOHNSON & JOHNSON P 2012-11-02 2013-05-08
475 SHS LABORATORY CORP OF AMERICA HOLDINGS P 2012-07-19 2013-05-08
10 SHS APPLE INC P 2012-07-19 2013-05-28
35 SHS APPLE INC P 2012-11-02 2013-05-28
350 SHS THE FRESH MARKET INC P 2012-09-17 2013-05-28
450 SHS THE FRESH MARKET INC P 2012-10-12 2013-05-28
510 SHS THE FRESH MARKET INC P 2012-11-02 2013-05-28
55 SHS INTL BUSINESS MACHINES P 2012-08-09 2013-06-18
20 SHS INTL BUSINESS MACHINES P 2012-11-02 2013-06-18
175 SHS JOHNSON & JOHNSON P 2012-11-02 2013-06-18
175 SHS FISERVE INC P 2012-11-02 2013-06-21
95 SHS STARBUCKS CORP P 2012-07-19 2013-06-21
145 SHS STARBUCKS CORP P 2012-07-24 2013-06-21
40 SHS STARBUCKS CORP P 2012-09-17 2013-06-21
85 SHS TJX COMPANIES INC P 2012-07-19 2013-06-21
110 SHS TJX COMPANIES INC P 2013-02-28 2013-06-21
220 SHS EMERSON ELECTRIC CO P 2013-01-23 2013-06-21
130 SHS INTL BUSINESS MACHINES P 2012-11-02 2013-06-21
20 SHS GOOGLE INC P 2012-11-02 2013-06-21
155 SHS JOHNSON & JOHNSON P 2012-11-02 2013-06-21
13150 POWERSHARES WILDERHILL CLEAN ENERGY P 2008-01-16 2013-01-02
335 SHS FASTENAL CO P 2007-03-20 2013-01-23
395 SHS EOG RESOURCES P 2007-01-16 2013-05-07
330 SHS ECOLAB INC P 2008-02-19 2013-05-08
95 SHS ECOLAB INC P 2008-12-11 2013-05-08
240 SHS MEDTRONIC INC P 1998-09-25 2013-05-08
510 SHS MEDTRONIC INC P 1998-10-08 2013-05-08
665 SHS LINEAR TECHNOLOGY CORP P 1998-04-13 2013-05-08
CARDINAL HEALTH INC P   2013-05-15
175 SHS ITRON INC P 2009-07-16 2013-06-18
170 SHS ITRON INC P 2010-05-07 2013-06-18
95 SHS ITRON INC P 2010-06-29 2013-06-18
205 SHS AIR PROD & CHEMICALS P 2006-09-20 2013-06-21
105 SHS EMERSON ELECTRIC CO P 2007-12-21 2013-06-21
290 SHS APTARGROUP INC P 2008-02-19 2013-06-21
305 SHS JOHNSON & JOHNSON P 1997-10-30 2013-06-21
460 SHS NOVARTIS AG ADR P 2010-12-10 2012-10-12
665 SHS STANDARD CHARTERED PLC P 2010-06-07 2012-10-15
155 SHS STANDARD CHARTERED PLC P 2010-12-30 2012-10-15
THRU LORING WOLCOTT & COOLIDGE P   2012-12-31
THRU LORING WOLCOTT & COOLIDGE P   2012-12-31
17497.087 SHS COMMODITYREALRETURN STRATEGY FUND P 2004-10-15 2012-07-03
THRU STATE STREET P   2013-06-30
THRU STATE STREET P   2013-06-30
(e) Gross sales price (f) Depreciation allowed
(or allowable) 		(g) Cost or other basis
plus expense of sale 		(h) Gain or (loss)
(e) plus (f) minus (g)
a 1,296,774   1,500,000 -203,226
b 469,992   450,000 19,992
c 16,386   13,817 2,569
d 4,550   3,837 713
e 281,276   250,000 31,276
31,413   30,757 656
200,000   212,599 -12,599
787   1,776 -989
8,382   18,917 -10,535
10,900   23,634 -12,734
40,445   87,230 -46,785
24,195   55,447 -31,252
23,166   54,468 -31,302
50,462   127,583 -77,121
833   2,096 -1,263
100,000   98,075 1,925
100,000   98,075 1,925
525,000   538,918 -13,918
150,000   153,977 -3,977
220,000   224,405 -4,405
1,459,898   1,000,000 459,898
1,173,021   1,122,297 50,724
555,193   515,097 40,096
75,000   64,121 10,879
50,000   41,272 8,728
100,000   85,084 14,916
6,037   5,506 531
60,144   59,858 286
31,411   25,771 5,640
17,768   14,921 2,847
9,534   7,193 2,341
18,635   13,831 4,804
36,836   30,056 6,780
19,632   16,348 3,284
44,682   41,586 3,096
4,500   6,118 -1,618
15,750   20,364 -4,614
16,150   20,164 -4,014
20,765   25,481 -4,716
23,533   29,892 -6,359
11,278   10,902 376
4,101   3,882 219
15,102   12,439 2,663
15,188   13,178 2,010
6,147   5,128 1,019
9,383   7,323 2,060
2,588   1,985 603
4,214   3,839 375
5,454   4,982 472
12,091   12,492 -401
25,494   25,231 263
17,581   13,776 3,805
13,021   11,017 2,004
55,229   298,111 -242,882
15,915   5,960 9,955
53,945   24,439 29,506
28,602   15,437 13,165
8,234   3,394 4,840
11,690   6,855 4,835
24,841   12,813 12,028
25,323   10,827 14,496
4   0 4
7,591   9,633 -2,042
7,374   12,383 -5,009
4,121   6,030 -1,909
19,387   13,805 5,582
5,771   5,947 -176
15,892   11,207 4,685
25,623   8,698 16,925
28,437   25,115 3,322
15,509   15,068 441
3,615   4,266 -651
559,760   555,322 4,438
1,106,217   825,972 280,245
115,831   281,178 -165,347
6,772     6,772
135,043     135,043
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l) Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i) F.M.V. as of 12/31/69 (j) Adjusted basis
as of 12/31/69 		(k) Excess of col. (i)
over col. (j), if any
a       -203,226
b       19,992
c       2,569
d       713
e       31,276
      656
      -12,599
      -989
      -10,535
      -12,734
      -46,785
      -31,252
      -31,302
      -77,121
      -1,263
      1,925
      1,925
      -13,918
      -3,977
      -4,405
      459,898
      50,724
      40,096
      10,879
      8,728
      14,916
      531
      286
      5,640
      2,847
      2,341
      4,804
      6,780
      3,284
      3,096
      -1,618
      -4,614
      -4,014
      -4,716
      -6,359
      376
      219
      2,663
      2,010
      1,019
      2,060
      603
      375
      472
      -401
      263
      3,805
      2,004
      -242,882
      9,955
      29,506
      13,165
      4,840
      4,835
      12,028
      14,496
      4
      -2,042
      -5,009
      -1,909
      5,582
      -176
      4,685
      16,925
      3,322
      441
      -651
      4,438
      280,245
      -165,347
      6,772
      135,043
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,073,959
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 . . . . . . . . . . . . . . . . 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.
Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period?
If “Yes,” the foundation does not qualify under section 4940(e). Do not complete this part.
1 Enter the appropriate amount in each column for each year; see page 18 of the instructions before making any entries.
(a)
Base period years Calendar
year (or tax year beginning in) 		(b)
Adjusted qualifying distributions 		(c)
Net value of noncharitable-use assets 		(d)
Distribution ratio
(col. (b) divided by col. (c))
2011 7,463,613 38,018,639 0.196315
2010 2,075,683 42,878,768 0.048408
2009 2,337,426 39,544,282 0.059109
2008 2,881,087 33,704,010 0.085482
2007 3,110,337 57,532,279 0.054062
2 Total of line 1, column (d) ...................... 2 0.443376
3 Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years. . . 		3 0.088675
4 Enter the net value of noncharitable-use assets for 2012 from Part X, line 5..... 4 36,880,258
5 Multiply line 4 by line 3....................... 5 3,270,357
6 Enter 1% of net investment income (1% of Part I, line 27b)........... 6 24,620
7 Add lines 5 and 6......................... 7 3,294,977
8 Enter qualifying distributions from Part XII, line 4.............. 8 1,526,186
If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See
the Part VI instructions.
Form 990-PF (2012)
Form 990-PF (2012)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)
1a Bulletand enter “N/A” on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 49,241
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2............................ 3 49,241
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-). 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 49,241
6 Credits/Payments:
a 2012 estimated tax payments and 2011 overpayment credited to 2012 6a 46,432
b Exempt foreign organizations—tax withheld at source....... 6b
c Tax paid with application for extension of time to file (Form 8868) 6c 18,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 64,432
8 Enter any penalty for underpayment of estimated tax. if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 15,191
11 Enter the amount of line 10 to be: Credited to 2013 estimated taxBullet15,191 Refunded Bullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see attachment....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see page 19 of
the instructions for definition)?............................
1b
 
No
If the answer is “Yes” to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
 
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If “Yes,” attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If “Yes,” attach a conformed copy of the changesClick to see attachment....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If “Yes,” has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If “Yes,” attach the statement required by General Instruction T.Click to see attachment
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If “Yes,” complete Part II, col. (c), and Part XV.
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE, MA
    b
    If the answer is “Yes” to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If “No,” attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012 (see instructions for Part XIV)?
    If “Yes,” complete Part XIV.............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If “Yes,” attach a schedule listing their names and addresses.
    10
     
    No
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement (see instructions).................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMARGO BRATHWAITE Telephone no.bullet (617) 876-7700
    Located atbullet675 MASSACHUSETTS AVENUECAMBRIDGEMA ZIP+4bullet02139
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041.........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ......bullet
    15  
    16
    At any time during calendar year 2012, did the foundation have an interest in or a signature or other authority over
    a bank, securities, or other financial account in a foreign country? .................
    16
     
    No
    See instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes", enter the name of the foreign country bullet  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 5
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the “Yes” column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?.........................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?.................
    (6) Agree to pay money or property to a government official? (Exception. Check “No”
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).........
    b
    If any answer is “Yes” to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance (see page 20 of the instructions)?...
    1b
     
    No
    .........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2012?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2012, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2012?...............
    If “Yes,” list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer “No” and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?.........................
    b
    If “Yes,” did it have excess business holdings in 2012 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2012.)....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2012?
    4b
     
    No
    5a
    During the year did the foundation pay or incur any amount to:
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?...............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 509(a)(1), (2), or (3), or section 4940(d)(2)? (see instructions)........
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?........
    b
    If any answer is “Yes” to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......
    5b
     
     
    .........bullet
    c
    If the answer is “Yes” to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?............
    If “Yes,” attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?........................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....
    6b
     
    No
    If “Yes” to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 6
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to
    employee benefit plans
    and deferred compensation     		(e) Expense account,
    other allowances
    LISELOTTE J LEEDS VICE-CHAIR/TREAS-BD
    0.5     		0 0 0
    C/O CAROLINE SIGMUND SCHOTT FUND
    CAMBRIDGE,MA02139
    GERARD G LEEDS VICE PRES (BOARD)
    0.25     		0 0 0
    C/O CAROLINE SIGMUND SCHOTT FUND
    CAMBRIDGE,MA02139
    GREG JOBIN-LEEDS CHAIR/PRES (BOARD)
    6.0     		0 0 0
    C/O SCHOTT FDTN FOR PUBLIC EDUC
    CAMBRIDGE,MA02139
    MARIA JOBIN-LEEDS VP/SECY (BOARD)
    0.25     		0 0 0
    C/O CAROLINE SIGMUND SCHOTT FUND
    CAMBRIDGE,MA02139
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE.”
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    CAMBRIDGE ASSOCIATES LLC INVESTMENT ADVISORY 108,397
    100 SUMMER STREET
    BOSTON,MA02110
    ROSEN SEYMOUR SHAPSS MARTIN & CO LLP accounting services 55,313
    757 THIRD AVENUE
    NEW YORK,NY10017
    DAVID GOODMAN BOOK CONSULTANT 54,800
    900 MAGGIES WAY
    WATERBURY CENTER,VT05677
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1
     
    2  
    3  
    4  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 7
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See page 24 of the instructions.
    3  
    Total. Add lines 1 through 3..........................bullet  
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,
    see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    21,485,803
    b
    Average of monthly cash balances.......................
    1b
    1,463,539
    c
    Fair market value of all other assets (see instructions)................
    1c
    14,492,544
    d
    Total (add lines 1a, b, and c).........................
    1d
    37,441,886
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    37,441,886
    4
    Cash deemed held for charitable activities. Enter 1 1⁄2% of line 3 (for greater amount, see
    instructions) .............................
    4
    561,628
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    36,880,258
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,844,013
    Part XI
    Distributable Amount bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    1,844,013
    2a
    Tax on investment income for 2012 from Part VI, line 5......
    2a
    49,241
    b
    Income tax for 2012. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    49,241
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,794,772
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    1,794,772
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII,
    line 1................................
    7
    1,794,772
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,526,186
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,526,186
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b (see instructions).................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,526,186
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 8
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2011     		(c)
    2011     		(d)
    2012
    1 Distributable amount for 2012 from Part XI, line 7 1,794,772
    2 Undistributed income, if any, as of the end of 2012:
    a Enter amount for 2011 only....... 0
    b Total for prior years:2010, 2009, 2008 0
    3 Excess distributions carryover, if any, to 2012:
    a From 2007....... 697,359
    b From 2008....... 1,004,705
    c From 2009....... 372,186
    d From 2010.......  
    e From 2011....... 5,582,249
    fTotal of lines 3a through e......... 7,656,499
    4Qualifying distributions for 2012 from Part
    XII, line 4: bullet$ 1,526,186
    a Applied to 2011, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions)......     		 
    c Treated as distributions out of corpus (Election
    required—see instructions).........     		 
    d Applied to 2012 distributable amount..... 1,526,186
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2012. 268,586 268,586
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 7,387,913
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ...........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2011. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2012. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2013 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (see
    instructions) .............     		 
    8Excess distributions carryover from 2007 not
    applied on line 5 or line 7 (see instructions) ...     		428,773
    9Excess distributions carryover to 2013.
    Subtract lines 7 and 8 from line 6a ......     		6,959,140
    10 Analysis of line 9:
    a Excess from 2008.... 1,004,705
    b Excess from 2009.... 372,186
    c Excess from 2010....  
    d Excess from 2011.... 5,582,249
    e Excess from 2012....  
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 9
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2012, enter the date of the ruling.......bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2012 (b) 2011 (c) 2010 (d) 2009
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ....     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets” alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment” alternative test— enter 2⁄3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support” alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the organization had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    LISELOTTE J LEEDS
    GERARD G LEEDS
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 10
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    NORTH SHORE CHILD AND FAMILY GUIDANCE CENTER
    480 OLD WESTBURY ROAD
    ROSLYN HEIGHTS,NY11577     		N/A 501(C)(3) SUSTAIN TRIAGE, EMERGENCY AND HIGH RISK RESPONSE TO YOUNG CHILDREN 10,000
    THE SCHOTT FOUNDATION FOR PUBLIC EDUCATION
    675 MASSACHUSETTS AVENUE
    BOSTON,MA02139     		N/A 501(C)(3) EDUCATION EXCELLENCE 1,285,000
    agitarte inc
    15 braeburn road
    hyde park,MA02136     		N/A 501(c)(3) GENERAL OPERATING SUPPORT 10,000
    THIRD SECTOR NEW ENGLAND
    89 south street suite 700
    BOSTON,MA02111     		N/A 501(C)(3) boston area youth organizing project for Journey Justice 4,796
    CEL EDUCATION FUND
    2150 ALLSTON WAY SUITE 360
    BERKLEY,CA94704     		N/A 501(c)(3) EDUCATE THE PUBLIC ON MATTERS OF PUBLIC POLICY AND SOCIAL AND ECONOMIC JUSTICE. 4,000
    MAKE THE ROAD NEW YORK
    301 GROVE STREET
    BROOKLYN,NY11237     		n/a 501(C)(3) JOURNEY FOR JUSTICE GRANT 5,000
    NATIONAL PUBLIC EDUCATION SUPPORT FUND
    PO BOX 55273
    WASHINGTON,DC20040     		n/a 501(C)(3) EDUCATION DEVELOPMENT 10,000
    justice matters
    436 14th street
    oakland,CA94612     		n/a 501(C)(3) SOCIAL AND RACIAL JUSTICE EDUCATION 1,000
    GIRLS FOR GENDER EQUITY
    30 THIRD AVENUE SUITE 104
    BROOKLYN,NY11217     		N/A 501(C)(3) PROMOTE IMPROVEMENT OF GENDER AND RACE RELATIONS AND SOCIO-ECONOMIC CONDITIONS OF GIRLS AND WOMEN. 10,000
    COMMUNITY CHANGE INC
    14 BEACON STREET
    BOSTON,MA02108     		N/A 501(C)(3) anniversary celebration 1,250
    Total .................................bullet 3a 1,341,046
    bApproved for future payment
    cadre
    8510 1/2 south broadway
    los angeles,CA90003     		N/A 501(C)(3) general operating support 1,000
    SOUTHERN POVERTY LAW CENTER
    400 WASHINGTON AVENUE
    MONTGOMERY,AL36104     		N/A 501(C)(3) JUVENILE JUSTICE 10,000
    Total .................................bullet 3b 11,000
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 11
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3Interest on savings and temporary cash investments     14 366  
    4 Dividends and interest from securities....     14 521,879  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6Net rental income or (loss) from personal property          
    7 Other investment income.....     14 1,042,306  
    8Gain or (loss) from sales of assets other than inventory     18 2,073,959  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   3,638,510  
    13Total. Add line 12, columns (b), (d), and (e)..................
    133,638,510
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2012)
    Form 990-PF (2012)
    Page 12
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section
    Yes
    No
    501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is “Yes,” complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........
    b
    If “Yes,” complete the following schedule.
    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer or fiduciary) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's namebullet



    Firm's addressbullet







         		Firm's EINbullet
    Phone no.
    Form 990-PF (2012)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2012 AccountingFeesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 118,150     53,466

    TY 2012 ContractorCompensationExpln
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Contractor Explanation
    ROSEN SEYMOUR SHAPSS MARTIN CO L ACCOUNTING SERVICES

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2012 DepreciationSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2012 InvestmentsCorpStockSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ARTISAN EMERGING MARKETS 0 0
    CRA QUALIFIED INVESTMENT FUND 668,970 661,919
    LORING, WOLCOTT & COOLIDGE 2,347,283 3,093,935
    UNITED STATES TRUST COMPANY 656,617 729,612
    CHARLES SCHWAB & CO, INC 0 0
    NYES LEDGE CAPITAL OFFSHORE FD 2,125,000 2,912,042
    CITY OF LONDON-INVST EMERG MK 1,761,387 1,840,357
    FORESTER DIVERSIFIED LTD 4,000,000 5,034,545
    STATE STREET INTERNATIONAL 2,781,090 3,432,472
    ALLOWANCE UNREALIZED GAIN/LOSS 3,364,535  

    TY 2012 InvestmentsOtherSchedule2
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ABERDEEN EMERGING MARKETS INST FMV 1,899,113 1,702,272
    COMMODITYREALRETURN STRATEGY FMV 2,658,217 2,658,217
    COLCHESTER GLOBAL BOND FUND FMV 2,085,930 2,072,412
    GENERATION IM GLOBAL EQUITY FMV 2,165,308 2,771,650
    GMO FORESTRY FUND FMV 457,755 541,627
    LYME FOREST FUND III TE LP FMV 76,611 98,261
    NB SOCIALLY RESPONSIVE FUND FMV 1,134,419 1,348,520
    PIMCO TOTAL RETURN FUND III FMV 2,714,509 2,714,509
    WALDEN EQUITY FUND FMV 1,200,245 1,414,256
    ALLOW FOR UNREALIZED GAIN/LOSS FMV 929,617  

    TY 2012 LandEtcSchedule2
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value


    TY 2012 LegalFeesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 6,391     5,004


    TY 2012 OtherAssetsSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUE FROM BROKER 270,000 1,461,152 1,461,152


    TY 2012 OtherDecreasesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Description Amount
    DEFERRED FEDERAL EXCISE TAX 35,000


    TY 2012 OtherExpensesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DED RELATED TO PORTFOLIO INC. 15,243 15,243    
    INSURANCE 5,509     5,510
    INVESTMENT EXPENSES -234 -234    
    MANAGEMENT FEE 20,000     20,000
    MISCELLANEOUS EXPENSES 8     8
    OFFICE EXPENSE 4,681     5,242
    PROFESSIONAL DEVELOPMENT 5,150     5,150
    CRA QUAL INV FD - BK OVER TAX 2,197      


    TY 2012 OtherIncomeSchedule2
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BERNARD L MADOFF RECOVERY 918,648 0  
    COLCHESTER GLOBAL BOND FUND 57,592 57,592  
    GENERATION IM GLOBAL EQUITY FUND LLC 41,406 41,406  
    GMO FORESTRY FUND 8-B LP -2,016 -2,016  
    INVESTABLE EMERGING MKTS COUNTRY FUND 25,180 25,180  
    THE LYME FOREST FUND III TE, LP 463 463  
    OTHER INCOME 1,033 1,033  


    TY 2012 OtherIncreasesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Description Amount
    DEFERRED FEDERAL EXCISE TAX 0
    UNREALIZED GAIN ON MARKETABLE SECURITIES 426,574


    TY 2012 OtherLiabilitiesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAXES 27,000 62,000


    TY 2012 OtherProfessionalFeesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 115,423     65,171
    INVESTMENT ADVISORY FEES 108,397 108,397    
    INVESTMENT MANAGEMENT FEES 126,888 126,888    


    TY 2012 TaxesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN: 11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 37,858      
    FOREIGN TAX WITHHELD 2,208 2,208    
    FOREIGN TAXES-COLCHESTER GLOBL 579 579    
    FOREIGN TAXES-GEN IM GLOBAL EQ 2,819 2,819    
    FOREIGN TAXES-INVESTABLE EMERG 1,928 1,928