Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletInformation about Form 990-PF and its instructions is at www.irs.gov/form990pf.
OMB No. 1545-0052
2015
Open to Public Inspection
For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015
Name of foundation
HENRY P KENDALL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)176 FEDERAL STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

04-6029103
B Telephone number (see instructions)

(617) 951-2555
C bullet
G Check all that apply:

D 1. bullet
2. bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$85,690,815J Accounting method:
 
(Part I, column (d) must be on cash basis.)
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 Sch. B .............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,120,821 2,120,838  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -3,872,724
b Gross sales price for all assets on line 6a 21,244,861
7 Capital gain net income (from Part IV, line 2)... 0
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 9,200 10,257  
12 Total. Add lines 1 through 11........ -1,742,703 2,131,095  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 323,044 0   323,044
14 Other employee salaries and wages...... 185,902 0   185,902
15 Pension plans, employee benefits....... 107,115 0   107,115
16a Legal fees (attach schedule)......... Click to see attachment 10,881 9,137   1,744
b Accounting fees (attach schedule)....... Click to see attachment 31,750 15,875   15,875
c Other professional fees (attach schedule).... Click to see attachment 214,884 199,934   14,950
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 86,048 0   1,000
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,338 0  
20 Occupancy.............. 91,538 0   91,538
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 267,413 180,221   87,814
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,322,913 405,167   828,982
25 Contributions, gifts, grants paid....... 3,554,713 3,554,713
26 Total expenses and disbursements. Add lines 24 and 25 4,877,626 405,167   4,383,695
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -6,620,329
b Net investment income (if negative, enter -0-) 1,725,928
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2015)
Form 990-PF (2015)
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............. 405,138 342,436 342,436
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet56,640
Less: allowance for doubtful accounts bullet   3,511,450 56,640 56,640
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 instructions).....      
7 Other notes and loans receivable (attach schedule) bullet191,368
Less: allowance for doubtful accounts bullet0 126,875 Click to see attachment191,368 191,368
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 3,250    
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 80,096,355 Click to see attachment83,758,904 83,758,904
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)..........      
14 Land, buildings, and equipment: basis bullet77,399
Less: accumulated depreciation (attach schedule) bullet59,871 20,138 Click to see attachment17,528 17,528
15 Other assets (describe bullet) Click to see attachment12,657,597 Click to see attachment1,323,939 Click to see attachment1,323,939
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 96,820,803 85,690,815 85,690,815
Liabilities 17 Accounts payable and accrued expenses.......... 1,459 32,671
18 Grants payable..................    
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)    
23 Total liabilities (add lines 17 through 22)......... 1,459 32,671
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 96,819,344 85,658,144
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 instructions)..... 96,819,344 85,658,144
31 Total liabilities and net assets/fund balances (see instructions). 96,820,803 85,690,815
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
96,819,344
2
Enter amount from Part I, line 27a .....................
2
-6,620,329
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,867
4
Add lines 1, 2, and 3 ..........................
4
90,201,882
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
4,543,738
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
85,658,144
Form 990-PF (2015)
Form 990-PF (2015)
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 IVORY FLAGSHIP FUND, LP - K-1 SECTION 1256 GAINS - NET LONG TERM P   2015-12-31
b IVORY FLAGSHIP FUND, LP - K-1 SECTION 1256 GAINS - NET SHORT TERM P   2015-12-31
c IVORY FLAGSHIP FUND, LP - K-1 SECTION - NET SHORT TERM P   2015-12-31
d IVORY FLAGSHIP FUND, LP - K-1 SECTION - NET LONG TERM P   2015-12-31
e SIGULER GUFF II - K-1 SHORT TERM P   2015-12-31
SIGULER GUFF II - K-1 LONG TERM P   2015-12-31
SIGULER GUFF II - K-1 SECTION 1256 GAINS - NET SHORT TERM P   2015-12-31
SIGULER GUFF II - K-1 SECTION 1256 GAINS - NET LONG TERM P   2015-12-31
SIGULER GUFF III - K-1 SHORT TERM P   2015-12-31
SIGULER GUFF III - K-1 LONG TERM P   2015-12-31
SIGULER GUFF III - K-1 SECTION 1256 GAINS - NET SHORT TERM P   2015-12-31
SIGULER GUFF III - K-1 SECTION 1256 GAINS - NET LONG TERM P   2015-12-31
ABERDEEN SMALL CO FUND - K-1 LONG TERM P   2015-12-31
IR&M CORE BOND FUND II - K-1 SHORT TERM P   2015-12-31
IR&M CORE BOND FUND II - K-1 LONG TERM P   2015-12-31
CRESCENT DIRECT LENDING - K-1 SHORT TERM P   2015-12-31
POWERSHARES DB COMMODITY - K-1 SECTION 1256 GAINS - NET LONG TERM P   2015-12-31
POWERSHARES DB COMMODITY - K-1 SECTION 1256 GAINS - NET SHORT TERM P   2015-12-31
POWERSHARES DB COMMODITY - K-1 - NET SHORT TERM P   2015-12-31
POWERSHARES DB COMMODITY - K-1 - NET LONG TERM P   2015-12-31
POWERSHARES DB COMMODITY - K-1 SECTION 1256 GAINS - NET LONG TERM P   2015-12-31
POWERSHARES DB COMMODITY - K-1 SECTION 1256 GAINS - NET SHORT TERM P   2015-12-31
POWERSHARES DB COMMODITY - K-1 - NET SHORT TERM P   2015-12-31
POWERSHARES DB COMMODITY - K-1 - NET LONG TERM P   2015-12-31
SIGULER GUFF DISTRESSED OPPORTUNITIES FUND II LP - SECTION 1231 GAIN P   2015-12-31
SIGULER GUFF DISTRESSED OPPORTUNITIES FUND II LP - SECTION 1231 GAIN P   2015-12-31
CANYON VALUE REALIZATION - SECTION 1231 GAIN P   2015-12-31
HEITMAN AMERICA REAL ESTATE K-1 - NET LONG TERM P   2015-12-31
PUBLICLY TRADED SECURITIES - FIDUCIARY TRUST - HOUSE ACCOUNT P   2015-12-31
PUBLICLY TRADED SECURITIES - FIDUCIARY TRUST - HOUSE ACCOUNT P   2015-12-31
PUBLICLY TRADED SECURITIES - FIDUCIARY TRUST - WINDHAVEN P   2015-12-31
PUBLICLY TRADED SECURITIES - FIDUCIARY TRUST - WINDHAVEN P   2015-12-31
PUBLICLY TRADED SECURITIES - FIDUCIARY TRUST - PIMCO SECTION P   2015-12-31
PUBLICLY TRADED SECURITIES - FIDUCIARY TRUST - RICE HALL P   2015-12-31
COLLECTIBLE COINS P   2015-03-26
DISPOSAL OF COMPUTER EQUIPMENT P   2015-04-01
CAPITAL GAINS DIVIDENDS P    
(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     31,613 -31,613
b     21,076 -21,076
c 147,152     147,152
d 401     401
e 847     847
    18,913 -18,913
248     248
371     371
    229 -229
50,036     50,036
160     160
240     240
    118,618 -118,618
    10,200 -10,200
    5,162 -5,162
121     121
    5,081 -5,081
    3,388 -3,388
    768 -768
    453 -453
    1,240 -1,240
    826 -826
    1,712 -1,712
    21 -21
    18 -18
4,397     4,397
10,856     10,856
13,282     13,282
993,490   1,160,105 -166,615
8,784,674   8,751,381 33,293
464,979   524,499 -59,520
1,268,618   1,182,255 86,363
3,722   3,660 62
500,000   548,605 -48,605
8,145,133   12,685,050 -4,539,917
  2,393 2,786 -393
856,134     856,134
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       -31,613
b       -21,076
c       147,152
d       401
e       847
      -18,913
      248
      371
      -229
      50,036
      160
      240
      -118,618
      -10,200
      -5,162
      121
      -5,081
      -3,388
      -768
      -453
      -1,240
      -826
      -1,712
      -21
      -18
      4,397
      10,856
      13,282
      -166,615
      33,293
      -59,520
      86,363
      62
      -48,605
      -4,539,917
      -393
      856,134
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 -3,830,405
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 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))
2014 4,466,992 85,696,224 0.052126
2013 4,247,210 81,282,971 0.052252
2012 4,552,611 75,974,081 0.059923
2011 2,657,287 77,460,408 0.034305
2010 776,807 72,431,013 0.010725
2
Total of line 1, column (d) .....................
20.209331
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
0.041866
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
88,311,045
5
Multiply line 4 by line 3......................
5
3,697,230
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
17,259
7
Add lines 5 and 6........................
7
3,714,489
8
Enter qualifying distributions from Part XII, line 4.............
8
4,448,317
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 (2015)
Form 990-PF (2015)
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 Bullet and enter “N/A" on line 1. Bracket
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b 1 17,259
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 0
3 Add lines 1 and 2........................... 3 17,259
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 17,259
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 100,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 100,000
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 82,741
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet82,741 RefundedBullet 11 0
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? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see 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
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
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 changes....
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.
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)
    bulletMA
    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 2015 or the taxable year beginning in 2015 (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
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    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 addressbulletWWW.KENDALL.ORG
    14
    The books are in care ofbulletJOHN MCCRAE Telephone no.bullet (617) 951-2525

    Located atbullet176 FEDERAL STREETBOSTONMA ZIP+4bullet02110
    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 2015, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country?
    16   No
    See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet  
    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 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 2015?.............
    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 2015, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2015?.............
    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 2015 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 2015.)..................
    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 2015?
    4b
     
    No
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (Continued)
    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 4945(d)(4)(A)? (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 (2015)
    Form 990-PF (2015)
    Page 7
    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
    JOHN P KENDALL TRUSTEE
    2.00     		0 0 0
    176 FEDERAL STREET
    BOSTON,MA02110
    ANDREW W KENDALL TRUSTEE/EXECUTIVE DIRECTOR
    40.00     		323,044 47,484 0
    176 FEDERAL STREET
    BOSTON,MA02110
    PHOEBE S WINDER TRUSTEE
    2.00     		0 0 0
    176 FEDERAL STREET
    BOSTON,MA02110
    KENNETH F MEYERS TRUSTEE
    2.00     		0 0 0
    176 FEDERAL STREET
    BOSTON,MA02110
    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
    COURTNEY J BOURNS SENIOR PROGRAM OFFIC
    40.00     		131,934 18,784 0
    176 FEDERAL STREET
    BOSTON,MA02110
    THAI HA-NGOC PROGRAM ASSISTANT
    40.00     		49,648 12,591 0
    176 FEDERAL STREET
    BOSTON,MA02110
    Total number of other employees paid over $50,000...................bullet 0
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    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  
    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 PIONEER VALLEY GROWS INVESTMENT FUND - NOTE RECEIVABLE - A LOW INTEREST LOAN TO SUPPORT THE PIONEER VALLEY GROWS INVESTMENT FUND, A PROGRAM THAT PROVIDES FLEXIBLE FINANCING FOR FOOD SYSTEM BUSINESSES AND AN OPPORTUNITY FOR PEOPLE TO INVEST IN THE CREATION OF FOOD SYSTEMS IN THE UNITED STATES. 37,500
    2 PIONEER VALLEY GROWS INVESTMENT FUND - NOTE RECEIVABLE - A LOW INTEREST LOAN TO SUPPORT THE PIONEER VALLEY GROWS INVESTMENT FUND, A PROGRAM THAT PROVIDES FLEXIBLE FINANCING FOR FOOD SYSTEM BUSINESSES AND AN OPPORTUNITY FOR PEOPLE TO INVEST IN THE CREATION OF FOOD SYSTEMS IN THE UNITED STATES. 25,000
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet62,500
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 8
    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
    84,215,345
    b
    Average of monthly cash balances.......................
    1b
    333,204
    c
    Fair market value of all other assets (see instructions)................
    1c
    5,107,334
    d
    Total (add lines 1a, b, and c).........................
    1d
    89,655,883
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    89,655,883
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,344,838
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    88,311,045
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,415,552
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    4,415,552
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    17,259
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,259
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,398,293
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,398,293
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,398,293
    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
    4,383,695
    b
    Program-related investments—total from Part IX-B..................
    1b
    62,500
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    2,122
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,448,317
    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
    17,259
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    4,431,058
    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 (2015)
    Form 990-PF (2015)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2014     		(c)
    2014     		(d)
    2015
    1 Distributable amount for 2015 from Part XI, line 7 4,398,293
    2 Undistributed income, if any, as of the end of 2015:
    a Enter amount for 2014 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2015:
    a From 2010......  
    b From 2011......  
    c From 2012...... 391,245
    d From 2013......  
    e From 2014......  
    fTotal of lines 3a through e........ 391,245
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 4,448,317
    a Applied to 2014, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2015 distributable amount..... 4,398,293
    e Remaining amount distributed out of corpus 50,024
    5 Excess distributions carryover applied to 2015. 0 0
    (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 5 441,269
    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......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2014. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2016. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2015 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8Excess distributions carryover from 2010 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2016.
    Subtract lines 7 and 8 from line 6a ......     		441,269
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012.... 391,245
    c Excess from 2013....  
    d Excess from 2014....  
    e Excess from 2015.... 50,024
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 10
    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 2015, 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) 2015 (b) 2014 (c) 2013 (d) 2012
             
    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).)
    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 or email address 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 (2015)
    Form 990-PF (2015)
    Page 11
    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
    AMERICAN FARMLAND TRUST
    1 SHORT STREET
    NORTHAMPTON,MA01060     		NO RELATIONSHIP PC TO CONTINUE TO DRIVE FOOD SYSTEM CHANGE IN THE REGION, BRINGING UNIQUE FOCUS ON PRESERVING WORKING FARMLAND, STRENGTHENING THE FINANCIAL VIABILITY OF FARMS, AND HELPING NEWLY-ESTABLISHED FARMERS TO GAIN ACCESS TO LAND. 25,000
    AMHERST COLLEGE
    22 HITCHCOCK ROAD
    AMHERST,MA01002     		NO RELATIONSHIP PC TO DEVELOP A VISION AND ACTION PLAN FOR THE GROWTH AND SUSTAINABILITY OF ITS FARM ENTERPRISE, THE BOOK & PLOW FARM, AS WELL AS A PLAN FOR OPTIMIZING LOCALLY-SOURCED FOOD IN ITS DINING OPERATIONS, AND FOR INCREASING STUDENT ENGAGEMENT IN LOCAL FOOD SYSTEMS. 50,000
    AQUIDNECK LAND TRUST
    790 AQUIDNECK AVENUE
    MIDDLETOWN,RI02842     		NO RELATIONSHIP PC TO BUILD STRONG ACTION AROUND A NEW UNDERSTANDING OF HEALTHY FOOD ACCESS FOR ALL, SUSTAINABLE AGRICULTURAL PRACTICES, AND COMMUNITY HEALTH ON AQUIDNECK ISLAND. 25,000
    BOLTON WALKERS DBA JUST CAUSE WALK FOR BREAST CANCER
    PO BOX 132
    BOLTON,MA01740     		NO RELATIONSHIP PC TO SUPPORT JUST 'CAUSE WALK FOR BREAST CANCER. 10,000
    BOSTON PUBLIC MARKET ASSOCIATION
    PO BOX 52385
    BOSTON,MA02205     		NO RELATIONSHIP PC TO SUPPORT FUNDING REQUIREMENTS FOR THE MARKET'S GROUNDBREAKING AND OPENING. 750,000
    CENTER FOR RURAL AFFAIRS
    145 MAIN STREET PO BOX 136
    LYONS,ME68038     		NO RELATIONSHIP PC TO CARRY OUT ONGOING WORK TO ENSURE THRIVING AND SUSTAINABLE FOOD AND FARM SYSTEMS IN NEW ENGLAND AND NATIONWIDE BY MONITORING, EVALUATING, AND ENGAGING IN THE IMPLEMENTATION OF NEW FEDERAL FOOD SAFETY RULES UNDER THE FOOD SAFETY MODERNIZATION ACT (FSMA). 40,000
    CISA
    1 SUGARLOAF STREET
    SOUTH DEERFIELD,MA01373     		NO RELATIONSHIP PC TO EXPAND EFFORTS IN HAMPDEN COUNTY MAKING IT POSSIBLE FOR RESIDENTS WITH LESS PURCHASING POWER TO ACCESS LOCAL FOOD. 125,000
    CITY OF CHICOPEE
    650 FRONT STREET
    CHICOPEE,MA01013     		NO RELATIONSHIP PC TO DEVELOP AND IMPLEMENT A PLAN FOR INCREASING THE PURCHASE OF LOCALLY GROWN FOOD TO 15% OF THEIR ANNUAL FOOD BUDGET. 56,000
    CITY OF NEW HAVEN
    817 GRAND AVENEUE NO 101
    NEW HAVEN,CT06521     		NO RELATIONSHIP PC TO SUPPORT THE HIRING OF A NEW FOOD SYSTEMS AND POLICY DIRECTOR FOR THE CITY OF NEW HAVEN. 57,500
    CODMAN SQUARE HEALTH CENTER
    637 WASHINGTON STREET
    DORCHESTER,MA02124     		NO RELATIONSHIP PC TO SUPPORT THE HEALTHY FOOD SERVICE COLLABORATION WITH CODMAN ACADEMY CHARTER PUBLIC SCHOOL, EXPANDING AND FULLY INTEGRATING THE FOOD SERVICE PROGRAM AT CODMAN ACADEMY TO SERVE HEALTH CENTER AND SCHOOL STAFF. 85,000
    CROPCIRCLE KITCHEN
    31 GERMAINIA STREET
    JAMAICA PLAIN,MA02130     		NO RELATIONSHIP PC TO PROVIDE GENERAL START-UP OPERATING SUPPORT TO THIS NONPROFIT FOOD BUSINESS INCUBATOR AND SHARED-USE KITCHEN IN DORCHESTER, MA. 75,000
    FARM FRESH RHODE ISLAND
    1005 MAIN ST 1220
    PAWTUCKET,RI02860     		NO RELATIONSHIP PC TO SUPPORT THE WORK OF ENHANCING THE LOCAL FOOD SYSTEM BY EXPANDING THE INSTITUTIONAL MARKET FOR LOCALLY GROWN FOOD. 100,000
    FOOD BANK OF WESTERN MASSACHUSETTS
    PO BOX 160
    HATFIELD,MA01038     		NO RELATIONSHIP PC TO ASSESS THE VIABILITY OF ACQUIRING A SECOND FARM TO SUPPOORT THE LOCAL FOOD SYSTEM AND PRESERVE FARMLAND WHILE ALSO FEEDING NEIGHBORS IN NEED AND LEADING THE COMMUNITY TO END HUNGER. 10,000
    FRANKLIN COUNTY COMMUNITY DEV CORP
    324 WELLS ST
    GREENFIELD,MA01301     		NO RELATIONSHIP PC 1. TO INCREASE THE CAPACITY AS A NETWORK ORGANIZATION AND TO SUPPORT THE SHARED METRICS PROJECT, TRACKING THE IMPACT OF FARM-TO-INSTITUTION EFFORTS ON THE OVERALL REGIONAL FOOD SYSTEM AND 2. TO LAUNCH AND ADMINISTER THE NEW PVGROWS INVESTMENT FUND, AN INVESTMENT VEHICLE FOR INDIVIDUALS, INSTITUTIONS AND FOUNDATIONS TO INVEST IN BUILDING A HEALTHIER FOOD SYSTEM. 160,000
    FRIENDS OF SOUTH GEORGIA ISLAND
    25 DAKOTA MEADOWS DRIVE
    CARBONDALE,CO81623     		NO RELATIONSHIP PC TO RESTORE THE ISLAND OF SOUTH GEORGIA TO ITS STATUS AS ONE OF THE MOST IMPORTANT SEABIRD SITES ON THE PLANET BY ERADICATING INVASIVE, INTRODUCED RODENTS, WHICH CONSUME THE CHICKS AND EGGS OF GROUND-NESTING BIRDS. 50,000
    GREATER BOSTON FOOD BANK
    70 SOUTH BAY AVENUE
    BOSTON,MA02118     		NO RELATIONSHIP PC 1. TO SUPPORT MULTI-MEDIA PODCAST: "THE NEW AMERICAN FARMER: A CULINARY MELTING POT AND 2. TO SUPPORT THE HEALTHY HOLIDAY MEALS PROGRAM. 7,000
    GROW SMART RHODE ISLAND
    235 PROMENADE ST SUITE 550
    PROVIDENCE,RI02908     		NO RELATIONSHIP PC TO INCREASE THE ECONOMIC VITALITY OF RHODE ISLAND AGRICULTURE AND STRENGTHEN RHODE ISLAND'S FOOD SYSTEM. 40,000
    HARTFORD FOOD SYSTEM INC
    86 PARK STREET 2ND FLOOR
    HARTFORD,CT06106     		NO RELATIONSHIP PC 1. TO SUPPORT AND STRENGTHEN THE GROWTH AND DEVELOPMENT OF THE CONNECTICUT FOOD SYSTEM ALLIANCE AND 2. TO SUPPORT A POLICY ANALYST POSITION AND THE CITY OF HARTFORD ADVISORY COMMISSION ON FOOD POLICY. 69,000
    HEALTH CARE WITHOUT HARM
    12355 SUNRISE VALLEY DR
    RESTON,VA20191     		NO RELATIONSHIP PC TO AGGREGATE THE DEMAND AND COLLECTIVE VOICE OF THE HEALTHCARE SECTOR TO PROPEL THE DEVELOPMENT OF A HEALTHY, SUSTAINABLE, AND TRANSPARENT FOOD SYSTEM IN NEW ENGLAND. 60,000
    HEALTH RESOURCES IN ACTION
    95 BERKELEY STREET
    BOSTON,MA02116     		NO RELATIONSHIP PC TO SUPPORT THE MASSACHUSETTS CONVERGENCE PARTNERSHIP, A MULTI-FUNDER, CROSS-SECTOR COLLABORATION WORKING TO INCREASE THE NUMBER OF HEALTHY PEOPLE LIVING IN HEALTHY PLACES. 10,000
    INNOVATION NETWORK FOR COMMUNITIES
    PO BOX 397
    BEAVER ISLAND,MI49782     		NO RELATIONSHIP PC TO SUPPORT THE STAFFING AND OPERATIONS OF THE BOSTON GREEN RIBBON COMMISSION AND ITS WORKING GROUPS. 25,000
    JACKSON SKI TOURING FOUNDATION
    153 MAIN STREET PO BOX 216
    JACKSON,NH03846     		NO RELATIONSHIP PC TO PROVIDE RECREATIONAL AND COMPETITIVE OPPORTUNITIES FOR CROSS COUNTRY SKIING AND SNOWSHOEING THAT ENRICH LIVES AND PROMOTE HEALTHY LIFESTYLES. 5,000
    MAINE ASSOCIATION OF NONPROFITS
    565 CONGRESS ST SUITE 301
    PORTLAND,ME04101     		NO RELATIONSHIP PC TO PROVIDE PRACTICAL, SKILLS BASED LEARNING FOR PEOPLE IN THE NONPROFIT AND PRIVATE SECTOR TO ASSUME LEADERSHIP ROLES IN THE LOCAL FOOD MOVEMENT AND ASPIRE FOR GREATER LEADERSHIP RESPONSIBILITIES IN THEIR PERSONAL AND PROFESSIONAL LIVES AT THE COMMUNITY, STATE, NATIONAL, OR INTERNATIONAL LEVELS. 20,000
    MOUNT GRACE LAND CONSERVATION TRUST
    1461 OLD KEENE ROAD
    ATHOL,MA01331     		NO RELATIONSHIP PC TO INCREASE THE CAPACITY OF THE FARM CONSERVATION PROGRAM AND COLLABORATE WITH THE WESTERN MA FOOD PROCESSING CENTER IN HELPING OTHER LAND TRUSTS THROUGHOUT NEW ENGLAND ENGAGE IN FOOD SYSTEMS WORK. 25,000
    NEW VENTURE FUND
    1201 CONNECTICUT AVENUE NW SUITE
    300
    WASHINGTON DC,DC20036     		NO RELATIONSHIP PC TO SUPPORT THE DEVELOPMENT OF A STRATEGIC ROADMAP TO PRIORITIZE SOLUTIONS THAT MERGE STRONG ECONOMIC RETURNS WITH THE OPTIMAL SOCIAL AND ENVIRONMENTAL MANAGEMENT OF FOOD WASTE. 10,000
    NORTHEASTERN UNIVERSITY
    360 HUNTINGTON AVE
    BOSTON,MA02115     		NO RELATIONSHIP PC TO SUPPORT A PLANNING PHASE THAT WILL OFFER BEST PRACTICES AND OPPORTUNITIES TO INCREASE THE PROCUREMENT, CONSUMPTION OF AND EDUCATION ABOUT LOCALLY, SUSTAINABLY SOURCED FOOD. 5,872
    NORTHWEST ATLANTIC MARINE ALLIANCE
    PO BOX 7066 30 LEVERETT STREET
    GLOUCESTER,MA01930     		NO RELATIONSHIP PC TO WORK WITH KEY REGIONAL NETWORKS THAT ARE ENVISIONING A WAY FOR NEW ENGLANDERS TO FEED THEMSELVES WITH MOSTLY LOCALLY CAUGHT, RAISED AND GROWN FOOD WHILE ALSO ADDRESSING RACIAL INEQUITY AND FOOD INJUSTICE IN THE FOOD SYSTEM. 25,000
    OLD DARTMOUTH HISTORICAL SOCIETY
    18 JOHNNY CAKE HILL
    NEW BEDFORD,MA02740     		NO RELATIONSHIP PC TO SUPPORT THE CONSERVATION AND INTERPRETATION OF THE PURRINGTON-RUSSELL "GRAND PANORAMA OF A WHALING VOYAGE 'ROUND THE WORLD". 5,000
    PARTNERS FOR A HEALTHIER COMMUNITY INC
    PO BOX 4895
    SPRINGFIELD,MA01101     		NO RELATIONSHIP PC TO SUPPORT THE SPRINGFIELD FOOD POLICY COUNCIL AND CAPITALIZE ON OPPORTUNITIES FOR ADVANCING WORK ON URBAN AGRICULTURE, INSTITUTIONAL FOOD PROCUREMENT PRACTICES, AND EXPANDING A BUY-LOCAL CAMPAIGN IN SPRINGFIELD, MASSACHUSETTS. 125,000
    RED TOMATO
    1033 TURNPIKE STREET
    CANTON,MA02021     		NO RELATIONSHIP PC TO PROVIDE GENERAL OPERATING SUPPORT FOR DELIVERING ON THE CORE MISSION OF SUPPLYING REGIONALLY GROWN FOOD TO CONSUMERS IN THE NORTHEAST THROUGH ITS NETWORK OF GROWERS. 75,000
    RHODE ISLAND ASSOCIATION OF CONSERVATION DISTRICT
    2283 HARTFORD AVENUE
    JOHNSTON,RI02919     		NO RELATIONSHIP PC TO SUPPORT THE WORK OF LEADING AGRICULTURE AND FOOD SYSTEMS DEVELOPMENT AND MAKING PLANS TO IMPLEMENT THE NEW ENGLAND FOOD VISION IN RHODE ISLAND. 65,000
    SMITH COLLEGE
    10 ELM STREET
    NORTHAMPTON,MA01063     		NO RELATIONSHIP PC TO ACCELERATE THE DEVELOPMENT OF A SUSTAINABLE FOOD PROGRAM THAT EMPHASIZES HEALTH AND WELLNESS AND RELIES ON LOCAL SOURCING. 85,341
    SOCIAL VENTURES PARTNERS RHODE ISLAND
    460 HARRIS AVE UNIT 303
    PROVIDENCE,RI02909     		NO RELATIONSHIP PC TO PROVIDE BUSINESS SUPPORT AND COACHING FOR ENTREPRENEURS DEVELOPING FOOD AND AGRICULTURE ENTERPRISES IN RHODE ISLAND. 28,500
    SOUTHSIDE COMMUNITY LAND TRUST
    109 SOMERSET STREET
    PROVIDENCE,RI02907     		NO RELATIONSHIP PC GENERAL OPERATING SUPPORT TO CONTINUE PROVIDING ACCESS TO LAND, EDUCATION AND OTHER RESOURCES SO PEOPLE IN GREATER PROVIDENCE CAN GROW FOOD IN ENVIRONMENTALLY SUSTAINABLE WAYS AND CREATE COMMUNITY FOOD SYSTEMS WHERE LOCALLY PRODUCED, AFFORDABLE, AND HEALTHY FOOD IS AVAILABLE TO ALL. 40,000
    THE TRUSTEES OF RESERVATIONS
    572 ESSEX STREET
    BEVERLY,MA01915     		NO RELATIONSHIP PC TO HELP LAUNCH A BEEF OPERATION AT MOOSE HILL FARM IN SHARON, MA. 160,000
    THIRD SECTOR NEW ENGLAND
    89 SOUTH STREET 700
    BOSTON,MA02111     		NO RELATIONSHIP PC 1. TO SUPPORT THE GET REAL, NEW ENGLAND PROGRAM, WHICH AIMS TO INCREASE LOCAL, ECOLOGICALLY SOUND, FAIR AND HUMANE FOOD, I.E. "REAL FOOD", AT THE REGION'S COLLEGES AND UNIVERSITIES AND 2. TO SUPPORT THE MAINE FOOD STRATEGY INITIATIVE IN FINALIZING ITS STATEWIDE PLAN AND BEGIN IMPLEMENTATION OF THE PRIORITY ACTIVITIES.TO SUPPORT THE RI FOOD POLICY COUNCIL'S CRITICAL INVOLVEMENT IN STATE FOOD PLAN DEVELOPMENT, THEIR CORE WORK ON OUTREACH AND COMMUNICATIONS, AND THEIR EFFORTS TO GROW THE NETWORK OF WORK GROUP PARTNERSHIPS AND COLLABORATIONS. 220,000
    THUNDERMIST HEALTH CENTER
    450 CLINTON STREET
    WOONSOCKET,RI02895     		NO RELATIONSHIP PC TO IMPROVE THE HEALTH OF PATIENTS AND COMMUNITIES BY STRENGTHENING AND EXPANDING ITS HEALTHY FOOD ACCESS PROGRAM. 75,000
    TIDES CENTER
    55 EXCHANGE PLACE SUITE 402
    NEW YORK,NY10005     		NO RELATIONSHIP PC GENERAL OPERATING SUPPORT TO CONTINUE ITS LEADERSHIP AS A CONVENOR, EDUCATOR, AND FACILITATOR OF THE MANY STAKEHOLDERS INVOLVED IN THE EFFORT TO CREATE A MORE SUSTAINABLE, SECURE AND JUST FOOD SYSTEM IN THE NORTHEAST. 50,000
    UNIVERSITY OF MASSACHUSETTS FOUNDATION
    225 FRANKLIN STREET
    BOSTON,MA02110     		NO RELATIONSHIP PC TO LEVERAGE BROADER INSTITUTIONAL CHANGE AND ACHIEVE THEIR GOAL OF SOURCING MORE THAN 20% LOCAL AND SUSTAINABLE FOODS CAMPUS-WIDE BY 2020. 250,000
    UNIVERSITY OF NEW HAMPSHIRE FOUNDATION
    131 MAIN STREET
    DURHAM,NH03824     		NO RELATIONSHIP PC 1. FOR THE UNIVERSITY OF NEW HAMPSHIRE SUSTAINABILITY INSTITUTE TO SUPPORT KEY BACKBONE FUNCTIONS OF THE FOOD SOLUTIONS NEW ENGLAND INITIATIVE AND 2. TO ENABLE THE UNIVERSITY OF NEW HAMPSHIRE SUSTAINABILITY INSTITUTE TO CONTINUE SERVING AS THE BACKBONE ORGANIZATION FOR THE NEW HAMPSHIRE FOOD ALLIANCE. 205,000
    UNIVERSITY OF RHODE ISLAND FOUNDATION
    79 UPPER COLLEGE ROAD
    KINGSTON,RI02881     		NO RELATIONSHIP PC TO DEVELOP THEIR STRATEGIC PLAN, WHICH WILL CONTINUE TO INFORM THEIR WORK FOR THE NEXT FIVE YEARS. 15,000
    URBAN FOOD INITIATIVE
    54 WILDE ROAD
    WABAN,MA02468     		NO RELATIONSHIP PC 1. TO SUPPORT A FULL-TIME SUMMER INTERNSHIP AT THE DAILY TABLE AND 2. TO PROVIDE WORKING CAPITAL DURING THE CRITICAL STARTUP PHASE OF ITS PILOT STORE IN DORCHESTER, MASSACHUSETTS. 105,000
    VERMONT SUSTAINABLE JOBS FUND
    3 PITKIN COURT SUITE 301E
    MONTPELIER,VT05602     		NO RELATIONSHIP PC TO SUPPORT THE LEADERSHIP OF THE VERMONT FARM TO PLATE NETWORK'S WORKING GROUP AND TO SUPPORT THE CRITICAL NETWORK COORDINATION FUNCTIONS THAT ARE BEING MANAGED BY THE VERMONT SUSTAINABLE JOBS FUND. 75,000
    WESTFIELD STATE FOUNDATION INC
    577 WESTERN AVE
    WESTFIELD,MA01086     		NO RELATIONSHIP PC TO SUPPORT A PLANNING PROCESS TO INCREASE THE PROCUREMENT, CONSUMPTION OF AND EDUCATION ABOUT LOCALLY, SUSTAINABLY SOURCED FOOD. 43,000
    WOODS HOLE OCEANOGRAPHIC INSTITUTION
    86 WATER STREET
    WOODS HOLE,MA02543     		NO RELATIONSHIP PC TO SUPPORT THE WATKINS MEMORIAL MARINE MAMMAL BIOACOUSTICS SYMPOSIUM AT THE NEW BEDFORD WHALING MUSEUM FROM MARCH 26, 2015 - MARCH 29, 2015. 12,500
    Total .................................bullet 3a 3,554,713
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2015)
    Form 990-PF (2015)
    Page 12
    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....          
    3
    Interest on savings and temporary cash investments ...........     		         
    4 Dividends and interest from securities....     14 2,120,821  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6
    Net rental income or (loss) from personal property     		         
    7 Other investment income.....     14 9,200  
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 -3,872,724  
    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).. 0 -1,742,703 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13-1,742,703
    (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 (2015)
    Form 990-PF (2015)
    Page 13
    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 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    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) 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 name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2015)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2015 AccountingFeesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 31,750 15,875   15,875

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    TY 2015 DepreciationSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    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
    COMPUTER EQUIPMENT 2003 - 2008 2006-12-31 3,343 3,343 200DB 5.000000000000 0 0    
    COMPUTER EQUIPMENT - 2010 2010-12-31 27,094 26,341 200DB 5.000000000000 753 0    
    COMPUTER EQUIPMENT - 2011 2011-12-31 5,223 4,150 200DB 5.000000000000 572 0    
    LEASEHOLD IMPROVEMENTS 2003-06-01 21,795 6,474 SL 39.000000000000 559 0    
    FURNITURE & FIXTURES 2002-07-01 6,740 6,740 200DB 7.000000000000 0 0    
    FURNITURE & FIXTURES 2006-05-02 2,572 2,572 200DB 7.000000000000 0 0    
    FURNITURE & FIXTURES 2008-08-15 2,216 2,117 200DB 7.000000000000 99 0    
    COMPUTER EQUIPMENT - 2013 2013-11-22 947 204 200DB 5.000000000000 108 0    
    COMPUTER EQUIPMENT - 2014 2014-05-15 2,855 285 200DB 5.000000000000 457 0    
    COMPUTER EQUIPMENT - 2014 2014-12-01 1,716 171 200DB 5.000000000000 274 0    
    COMPUTER EQUIPMENT - 2014 2014-01-24 776 106 200DB 5.000000000000 125 0    
    COMPUTER EQUIPMENT - 2015 2015-04-01 2,122   200DB 5.000000000000 1,273 0    
    COMPUTER EQUIPMENT - 2011 2011-12-31 2,786 2,274 200DB 5.000000000000 118 0    

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SECURITIES, FIXED INCOME & MUTUAL FUNDS 83,758,904 83,758,904

    TY 2015 LandEtcSchedule2
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 2003 - 2008 3,343 3,343 0  
    COMPUTER EQUIPMENT - 2010 27,094 27,094 0  
    COMPUTER EQUIPMENT - 2011 5,223 4,722 501  
    LEASEHOLD IMPROVEMENTS 21,795 7,033 14,762  
    FURNITURE & FIXTURES 6,740 6,740 0  
    FURNITURE & FIXTURES 2,572 2,572 0  
    FURNITURE & FIXTURES 2,216 2,216 0  
    COMPUTER EQUIPMENT - 2013 947 786 161  
    COMPUTER EQUIPMENT - 2014 2,855 2,170 685  
    COMPUTER EQUIPMENT - 2014 1,716 1,303 413  
    COMPUTER EQUIPMENT - 2014 776 619 157  
    COMPUTER EQUIPMENT - 2015 2,122 1,273 849  


    TY 2015 LegalFeesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 10,881 9,137   1,744


    TY 2015 OtherAssetsSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSITS 13,240 13,240 13,240
    OTHER RECEIVABLE - COIN COLLECTION 12,644,357 1,310,699 1,310,699


    TY 2015 OtherDecreasesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Amount
    NET UNREALIZED LOSSES ON INVESTMENTS AND LIMITED PARTNERSHIPS 4,543,738


    TY 2015 OtherExpensesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER EXPENSE 19,874 0   19,874
    OFFICE EXPENSE 7,335 0   7,335
    POSTAGE & DELIVERY 379 0   379
    PROGRAM EXPENSES 42,834 0   42,834
    TELEPHONE & INTERNET 13,242 0   13,242
    SHARON PROPERTY COSTS 919 0   919
    DEDUCTIONS FROM IVORY K-1 31,548 31,548   0
    DEDUCTIONS FROM SIGULER GUFF II K-1 11,164 11,164   0
    DEDUCTIONS FROM SIGULER GUFF III K-1 17,720 17,720   0
    DEDUCTIONS FROM POWERSHARES DB COMMODITY INDEX TRACKING FUND K-1 0 273   0
    DEDUCTIONS FROM POWERSHARES DB COMMODITY INDEX TRACKING FUND K-1 0 349   0
    DEDUCTIONS FROM ABERDEEN EMERGING MARKETS SMALL COMPANY K-1 4,127 4,127   0
    DEDUCTIONS FROM IR&M CORE BOND FUND II K-1 28,355 28,355   0
    DEDUCTIONS FROM CRESCENT DIRECT LENDING FUND K-1 22,523 22,523   0
    INSURANCE 3,231 0   3,231
    DEDUCTIONS FROM CANYON VALUE REALIZATION K-1 64,014 64,014   0
    DEDUCTIONS FROM HEITMAN AMERICA REAL ESTATE TRUST K-1 148 148   0


    TY 2015 OtherIncomeSchedule2
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    IVORY - K-1 -136,953 -136,953 -136,953
    SIGULER GUFF DISTRESSED OPPORTUNITIES FUND II, LP - K-1 -601 -601 -601
    SIGULER GUFF DISTRESSED OPPORTUNITIES FUND III, LP - K-1 9,428 9,428 9,428
    CRESCENT DIRECT LENDING FUND, LP - K-1 -5 -5 -5
    ENTERPRISE PRODUCTS PARTNERS L.P. - K-1 0 1,057 0
    ABERDEEN SMALLER COMPANY FUND 47,910 47,910 47,910
    MISCELLANEOUS INCOME - COIN COLLECTION REFUNDS 92,346 92,346 92,346
    CANYON VALUE REALIZATION -2,925 -2,925 -2,925


    TY 2015 OtherIncreasesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Amount
    OTHER DIFFERENCES AS REPORTED ON K-1 PASS-THROUGH ENTITIES 2,867


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    TY 2015 OtherNotesLoansRcvblLongSch
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    FAIR FOOD FUND NONE 125,000 128,750 2013-11 2020-11 LUMP SUM, INCLUDING ACCRUED INTEREST 150.0000000000 %   PROGRAM-RELATED INVESTMENT CASH 125,000
    PIONEER VALLEY GROWS RISK CAPITAL POOL NONE 25,000 25,028 2015-12 2021-12 LUMP SUM, INCLUDING ACCRUED INTEREST 0 %   PROGRAM-RELATED INVESTMENT CASH 25,000
    PIONEER VALLEY GROWS PATIENT CAPITAL POOL NONE 37,500 37,590 2015-12 2018-07 LUMP SUM, INCLUDING ACCRUED INTEREST 400.0000000000 %   PROGRAM-RELATED INVESTMENT CASH 37,500

    TY 2015 OtherProfessionalFeesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ALLOCABLE CONSULTING FEES 55,614 42,414   13,200
    INVESTMENT MANAGEMENT FEES 89,989 89,989   0
    CUSTODIAN FEES 67,531 67,531   0
    CURATORIAL EXPENSE 1,500 0   1,500
    PROFESSIONAL DEVELOPMENT 250 0   250


    TY 2015 TaxesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MASSACHUSETTS ANNUAL REPORT - FORM PC 1,000 0   1,000
    FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 85,048 0   0