Form990-PF
Click to see attachment

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
THE STEPHEN PHILLIPS MEMORIAL
SCHOLARSHIP FUND INC
Number and street (or P.O. box number if mail is not delivered to street address)C/O LWC 230 CONGRESS STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

27-5040651
B Telephone number (see instructions)

(617) 523-6531
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$68,305,307J 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) 103,138
2 Check bullet Sch. B .............
3 Interest on savings and temporary cash investments 83 83  
4 Dividends and interest from securities... 1,178,470 1,178,470  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,191,970
b Gross sales price for all assets on line 6a 10,016,016
7 Capital gain net income (from Part IV, line 2)... 848,714
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 72,373 76,175  
12 Total. Add lines 1 through 11........ 2,546,034 2,103,442  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 358,832 46,920   311,912
14 Other employee salaries and wages...... 176,082 0   176,082
15 Pension plans, employee benefits....... 95,737 0   95,737
16a Legal fees (attach schedule)......... Click to see attachment 28,406 14,203   14,203
b Accounting fees (attach schedule)....... Click to see attachment 12,000 6,000   6,000
c Other professional fees (attach schedule).... Click to see attachment 264,998 249,621   15,377
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 42,064 24,014   0
19 Depreciation (attach schedule) and depletion... 20,707 0  
20 Occupancy.............. 13,121 0   13,121
21 Travel, conferences, and meetings....... 2,126 0   2,126
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 60,432 0   60,432
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,074,505 340,758   694,990
25 Contributions, gifts, grants paid....... 3,060,363 3,060,363
26 Total expenses and disbursements. Add lines 24 and 25 4,134,868 340,758   3,755,353
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,588,834
b Net investment income (if negative, enter -0-) 1,762,684
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.............      
2 Savings and temporary cash investments......... 1,984,402 2,788,899 2,788,899
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 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..........      
10a Investments—U.S. and state government obligations (attach schedule) 2,347,819 Click to see attachment1,000,289 999,620
b Investments—corporate stock (attach schedule)....... 29,226,966 Click to see attachment29,205,798 48,643,580
c Investments—corporate bonds (attach schedule)....... 729,449 Click to see attachment1,007,877 1,007,978
11 Investments—land, buildings, and equipment: basis bullet1,863,408
Less: accumulated depreciation (attach schedule) bullet   1,863,408 Click to see attachment1,863,408 9,224,248
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,857,255 Click to see attachment5,582,440 5,109,166
14 Land, buildings, and equipment: basis bullet743,586
Less: accumulated depreciation (attach schedule) bullet222,557 541,736 Click to see attachment521,029 521,029
15 Other assets (describe bullet) Click to see attachment10,937 Click to see attachment10,787 Click to see attachment10,787
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 43,561,972 41,980,527 68,305,307
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable..................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 266,199 Click to see attachment229,088
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 266,199 229,088
Net Assets or Fund Balances bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted..................    
25 Temporarily restricted...............    
26 Permanently restricted............... 43,295,773 41,751,439
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)..... 43,295,773 41,751,439
31 Total liabilities and net assets/fund balances (see instructions). 43,561,972 41,980,527
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
43,295,773
2
Enter amount from Part I, line 27a .....................
2
-1,588,834
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
44,500
4
Add lines 1, 2, and 3 ..........................
4
41,751,439
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
41,751,439
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 SALE OF PUBLICLY TRADED SECURITIES      
b SALE OF CUTTING TIMBER (NOT TAXABLE UNDER IRC SEC. 4940 - SEE FOOTNOTE D    
c PASSTHROUGH CAPITAL GAIN/(LOSS) ON FEINGOLD I'KEEFFE K-1      
d PASSTHROUGH CAPITAL GAIN/(LOSS) ON HCM VENTURE FUND VII, LLC K-1      
e PASSTHROUGH CAPITAL GAIN/(LOSS) ON HCM VENTURE FUND VI, LLC K-1      
PASSTHROUGH CAPITAL GAIN/(LOSS) ON SEAMANS GLOBAL OPPORTUNITIES FUND LLC K-1      
(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 9,672,760   8,653,123 1,019,637
b 343,256   343,256 0
c       -314,131
d       6,258
e       139,247
      -2,297
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       1,019,637
b       0
c       -314,131
d       6,258
e       139,247
      -2,297
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 2 848,714
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 3,799,146 70,842,298 0.053628
2013 3,604,453 66,076,197 0.054550
2012 64,365 2,306,886 0.027901
2011 0 0 0.000000
2010      
2
Total of line 1, column (d) .....................
20.136079
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
0.034020
4
Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....
4
69,931,854
5
Multiply line 4 by line 3......................
5
2,379,082
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
17,627
7
Add lines 5 and 6........................
7
2,396,709
8
Enter qualifying distributions from Part XII, line 4.............
8
3,755,353
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 17,627
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 17,627
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 17,627
6 Credits/Payments:
a 2015 estimated tax payments and 2014 overpayment credited to 2015 6a 48,277
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 48,277
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 30,650
11 Enter the amount of line 10 to be: Credited to 2015 estimated taxBullet30,650 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 addressbulletHTTP://PHILLIPS-SCHOLARSHIP.ORG
    14
    The books are in care ofbulletLORING WOLCOTT COOLIDGE Telephone no.bullet (617) 523-6531

    Located atbullet230 CONGRESS 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
     
    No
    .........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
    ARTHUR H EMERY DIRECTOR
    1.00     		35,137 0 0
    C/O LWC 230 CONGRESS STREET
    BOSTON,MA02110
    LAWRENCE COOLIDGE TREASURER/DIRECTOR
    1.00     		47,137 0 0
    C/O LWC 230 CONGRESS STREET
    BOSTON,MA02110
    JOHN H FINLEY IV CLERK/DIRECTOR
    1.00     		35,137 0 0
    C/O LWC 230 CONGRESS STREET
    BOSTON,MA02110
    RICHARD GROSS DIRECTOR
    1.00     		35,137 0 0
    C/O LWC 230 CONGRESS STREET
    BOSTON,MA02110
    ROBERT M RANDOLPH PRESIDENT/DIRECTOR
    1.00     		35,137 0 0
    C/O LWC 230 CONGRESS STREET
    BOSTON,MA02110
    BARBARA W ILER EXECUTIVE DIRECTOR
    40.00     		171,147 29,524 0
    27 FLINT ST UNIT A
    SALEM,MA01970
    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
    PAMELA CONSTANTINE PROGRAM DIRECTOR
    31.00     		77,700 30,809 0
    27 FLINT STREET UNIT A
    SALEM,MA01970
    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
    LORING WOLCOTT & COOLIDGE TRUST LLC INVESTMENT ADVISOR 92,602
    230 CONGRESS STREET
    BOSTON,MA02110
    HOWLAND CAPITAL MANAGEMENT INVESTMENT ADVISOR 85,063
    75 FEDERAL STREET 1100
    BOSTON,MA02110
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    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
    68,549,530
    b
    Average of monthly cash balances.......................
    1b
    2,447,276
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    70,996,806
    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
    70,996,806
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,064,952
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    69,931,854
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,496,593
    Part XI
    Distributable Amount bullet
    1
    Minimum investment return from Part X, line 6....................
    1
    3,496,593
    2a
    Tax on investment income for 2015 from Part VI, line 5......
    2a
    17,627
    b
    Income tax for 2015. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,627
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,478,966
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    44,500
    5
    Add lines 3 and 4............................
    5
    3,523,466
    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
    3,523,466
    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
    3,755,353
    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
     
    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
    3,755,353
    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
    17,627
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,737,726
    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 3,523,466
    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......  
    d From 2013...... 281,257
    e From 2014...... 279,612
    fTotal of lines 3a through e........ 560,869
    4Qualifying distributions for 2015 from Part
    XII, line 4: bullet$ 3,755,353
    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)........     		Click to see attachment91,863
    d Applied to 2015 distributable amount..... 3,523,466
    e Remaining amount distributed out of corpus 140,024
    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 5 792,756
    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) .......     		91,863
    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 ......     		700,893
    10 Analysis of line 9:
    a Excess from 2011....  
    b Excess from 2012....  
    c Excess from 2013.... 281,257
    d Excess from 2014.... 279,612
    e Excess from 2015.... 140,024
    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 e-mail address of the person to whom applications should be addressed:
    THE STEPHEN PHILLIPS MEMORIAL SCHOL
    PO BOX 870
    SALEM,MA01970
    (978) 744-2111
    STAFF@SPSCHOLARS.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    SEE THE "PROSPECTIVE APPLICANTS" & "APPLICATIONS AND FORMS" SECTIONS OF THE SCHOLARSHIP FUND'S WEBSITE FOR APPLICATIONS. THE TRUST'S WEBSITE IS LISTED ON PAGE 5, PART VII-A, LINE 13.
    cAny submission deadlines:
    MAY 1ST
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    CHECKS ARE WRITTEN DIRECTLY TO THE COLLEGES AND UNIVERSITIES THE RECIPIENTS ARE ATTENDING. SCHOLARSHIPS ARE GIVEN ONLY TO STUDENTS WHOSE PERMANENT RESIDENCE IS IN A NEW ENGLAND STATE HOWEVER THE STUDENT MAY ATTEND ANY COLLEGE OR UNIVERSITY IN THE UNITED STATES.
    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
    AASTHA GAUTAM
    URSINUS COLLEGE
    COLLEGEVILLE,PA19426     		NONE I SCHOLARSHIP 5,000
    ABBY LIEBERMAN
    GEORGE WASHINGTON UNIVERSITY
    WASHINGTON,DC20052     		NONE I SCHOLARSHIP 4,000
    ADRIANNA WILLIAMS
    REGIS COLLEGE
    WESTON,MA02193     		NONE I SCHOLARSHIP 3,000
    AISLYN PENA
    ROGER WILLIAMS UNIVERSITY
    BRISTOL,RI02809     		NONE I SCHOLARSHIP 15,000
    ALAINA VALCOURT
    SIMMONS COLLEGE
    BOSTON,MA02115     		NONE I SCHOLARSHIP 6,000
    ALEKSANDRA SZCZESNA
    UNIVERSITY OF MARY WASHINGTON
    FREDERICKSBURG,VA22401     		NONE I SCHOLARSHIP 9,000
    ALEXA LIZOTTE
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 14,636
    ALEXA WILSON
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 3,000
    ALEXANDER GOFF
    SAINT MICHAELS COLLEGE
    COLCHESTER,VT05439     		NONE I SCHOLARSHIP 4,000
    ALEXANDER STEVENS
    RENSSELAER POLYTECHNIC INSTITUTE
    TROY,NY12180     		NONE I SCHOLARSHIP 12,000
    ALEXANDRA COULTS
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 8,000
    ALEXANDRA PRACH
    UNIVERSITY OF RHODE ISLAND
    KINGSTON,RI02881     		NONE I SCHOLARSHIP 8,000
    ALEXANDRA SCHARF
    ROGER WILLIAMS UNIVERSITY
    BRISTOL,RI02809     		NONE I SCHOLARSHIP 3,000
    ALEXANDRIA GILFORD
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 9,000
    ALEXIS EMERSON
    SOUTHERN NEW HAMPSHIRE UNIVERSITY
    MANCHESTER,NH03106     		NONE I SCHOLARSHIP 8,000
    ALIA DEGEN
    UNIVERSITY OF VERMONT
    BURLINGTON,VT05405     		NONE I SCHOLARSHIP 6,000
    ALIKA ZANGIEVA
    GEORGE WASHINGTON UNIVERSITY
    WASHINGTON,DC20052     		NONE I SCHOLARSHIP 3,000
    ALISON ZINSLI
    WAKE FOREST UNIVERSITY
    WINSTONSALEM,NC27109     		NONE I SCHOLARSHIP 4,000
    ALIX KAUFFMAN
    CEDARVILLE UNIVERSITY
    CEDARVILLE,OH45314     		NONE I SCHOLARSHIP 5,000
    ALLISON KURPIEL
    UNIVERSITY OF VERMONT
    BURLINGTON,VT05405     		NONE I SCHOLARSHIP 4,000
    ALLISON LEHOUX
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 5,000
    ALYSSA CANDEROZZI
    UNIVERSITY OF GEORGIA
    ATHENS,GA30602     		NONE I SCHOLARSHIP 12,000
    ALYSSA HURLEY
    WESTERN NEW ENGLAND UNIVERSITY
    SPRINGFIELD,MA01119     		NONE I SCHOLARSHIP 5,000
    ALYSSA NESLUSAN
    ASSUMPTION COLLEGE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 4,000
    ALYSSA TETREAULT
    CHAMPLAIN COLLEGE
    BURLINGTON,VT05402     		NONE I SCHOLARSHIP 8,000
    AMANDA HATHAWAY
    UNITY COLLEGE
    UNITY,ME04988     		NONE I SCHOLARSHIP 3,000
    AMANDA HILL
    CASTLETON STATE COLLEGE
    CASTLETON,VT05735     		NONE I SCHOLARSHIP 2,000
    AMANDA ROBINSON
    HARTWICK COLLEGE
    ONEONTA,NY13820     		NONE I SCHOLARSHIP 12,000
    AMBER OATES
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    AMY MAK
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    AMY WILSON
    SIMMONS COLLEGE
    BOSTON,MA02115     		NONE I SCHOLARSHIP 4,000
    ANA PERALTA
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 2,000
    ANALIZ HENRIQUEZ
    BENTLEY UNIVERSITY
    WALTHAM,MA02452     		NONE I SCHOLARSHIP 6,000
    ANDREW VARNEY
    UNIVERSITY OF MAINE FARMINGTON
    FARMINGTON,ME04938     		NONE I SCHOLARSHIP 5,000
    ANGELICA TORRES-MALDONADO
    PALM BEACH ATLANTIC UNIVERSITY
    WEST PALM BEACH,FL33416     		NONE I SCHOLARSHIP 6,000
    ANGELINA DIREDA
    EMMANUEL COLLEGE MA
    BOSTON,MA02115     		NONE I SCHOLARSHIP 9,500
    ANISE MCCROSKEY-NEFF
    ITHACA COLLEGE
    ITHACA,NY14850     		NONE I SCHOLARSHIP 6,000
    ANTHONY LOPEZ
    SAINT MICHAELS COLLEGE
    COLCHESTER,VT05439     		NONE I SCHOLARSHIP 8,000
    ANURAG OJHA
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 2,000
    ANYELINE NUNEZ
    EMMANUEL COLLEGE MA
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    ARLY MACARIO
    SUFFOLK UNIVERSITY
    BOSTON,MA02114     		NONE I SCHOLARSHIP 6,000
    ARMANDO BARRAGAN
    NORWICH UNIVERSITY
    NORTHFIELD,VT05663     		NONE I SCHOLARSHIP 6,000
    ASHISH BHATTARAI
    AMERICAN UNIVERSITY
    WASHINGTON,DC20016     		NONE I SCHOLARSHIP 3,000
    ASHLEY DUNN
    EMERSON COLLEGE
    BOSTON,MA02116     		NONE I SCHOLARSHIP 5,000
    ASHLEY KEMEMBIN
    TEMPLE UNIVERSITY
    PHILADELPHIA,PA19122     		NONE I SCHOLARSHIP 5,000
    ASHLEY OSBORNE
    UNIVERSITY OF MASSACHUSETTS
    DARTMOUTH
    NORTH DARTMOUTH,MA02747     		NONE I SCHOLARSHIP 5,000
    ASHLEY PIRONE
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 8,000
    ASHLEY RUSESKI
    COLBY-SAWYER COLLEGE
    NEW LONDON,NH03257     		NONE I SCHOLARSHIP 3,000
    ASHLEY ST JULIEN
    COLLEGE OF MOUNT SAINT VINCENT
    BRONX,NY10471     		NONE I SCHOLARSHIP 7,000
    ASHLIE AYOTTE
    UNIVERSITY OF NEW ENGLAND
    BIDDEFORD,ME04005     		NONE I SCHOLARSHIP 8,000
    ASHLY BRUN
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 8,000
    AUDREY REEDY
    CHAPMAN UNIVERSITY
    ORANGE,CA92866     		NONE I SCHOLARSHIP 5,000
    AUTUMN HAUSTHOR
    ROCHESTER INSTITUTE OF TECHNOLOGY
    ROCHESTER,NY14623     		NONE I SCHOLARSHIP 4,000
    AUTUMN ZUBRICKI
    SAINT JOSEPHS COLLEGE MAINE
    STANDISH,ME04084     		NONE I SCHOLARSHIP 3,000
    BAILEE GANNON
    UNIVERSITY OF FLORIDA
    GAINSVILLE,FL32611     		NONE I SCHOLARSHIP 8,000
    BELKIS FRIAS
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 4,000
    BENJAMIN BOWDEN
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 12,000
    BETHANY BECKWITH
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 3,000
    BEVIN BANKSTON
    NEW ENGLAND INSTITUTE OF TECHNOLOGY
    EAST GREENWICH,RI02818     		NONE I SCHOLARSHIP 4,000
    BHOLA GAUTAM
    PLYMOUTH STATE UNIVERSITY
    PLYMOUTH,NH03264     		NONE I SCHOLARSHIP 3,000
    BRANDON LANDRY
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 10,000
    BREANNA SANTELLA
    EMMANUEL COLLEGE MA
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    BRENDA HOANG
    UNIVERSITY OF VERMONT
    BURLINGTON,VT05405     		NONE I SCHOLARSHIP 2,000
    BRENDA PAREDES-ARCE
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 3,000
    BRIAN MAYVILLE
    BOSTON UNIVERSITY
    BOSTON,MA02215     		NONE I SCHOLARSHIP 2,000
    BRIANA BARTHOLOMEW
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 4,000
    BRIANA BRENNAN
    COLBY-SAWYER COLLEGE
    NEW LONDON,NH03257     		NONE I SCHOLARSHIP 4,000
    BRIANA SMALL
    SOUTHERN NEW HAMPSHIRE UNIVERSITY
    MANCHESTER,NH03106     		NONE I SCHOLARSHIP 4,000
    BRIANNA GARDINER
    STONEHILL COLLEGE
    EASTON,MA02357     		NONE I SCHOLARSHIP 6,000
    BRIANNA O'BRIEN
    UNIVERSITY OF VERMONT
    BURLINGTON,VT05405     		NONE I SCHOLARSHIP 4,000
    BRIDGET REPOSA
    BOSTON COLLEGE
    CHESTNUT HILL,MA02467     		NONE I SCHOLARSHIP 4,000
    BRITTANY HESSLER
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    BRITTNEY PERREAULT
    ROGER WILLIAMS UNIVERSITY
    BRISTOL,RI02809     		NONE I SCHOLARSHIP 12,000
    BRONTE TORRES PAGAN
    UNIVERSITY OF NEW HAVEN
    WEST HAVEN,CT06516     		NONE I SCHOLARSHIP 10,000
    CAITLYN ALEKSHUN
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 5,000
    CARA O'CONNELL
    BOSTON COLLEGE
    CHESTNUT HILL,MA02467     		NONE I SCHOLARSHIP 4,000
    CARINA LAWRENCE
    WHEELOCK COLLEGE
    BOSTON,MA02215     		NONE I SCHOLARSHIP 6,000
    CARMEN VIDAL
    BRIDGEWATER STATE UNIVERSITY
    BRIDGEWATER,MA02325     		NONE I SCHOLARSHIP 1,500
    CAROLINE MURRAY
    STONEHILL COLLEGE
    EASTON,MA02357     		NONE I SCHOLARSHIP 4,000
    CARREN JEPCHUMBA
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 8,000
    CASSANDRA DEMERS
    SAINT EDWARDS UNIVERSITY
    AUSTIN,TX78704     		NONE I SCHOLARSHIP 6,000
    CESAR CRUZ
    WESTFIELD STATE UNIVERSITY
    WESTFIELD,MA01086     		NONE I SCHOLARSHIP 2,000
    CHAD LAWSON
    BRIDGEWATER STATE UNIVERSITY
    BRIDGEWATER,MA02325     		NONE I SCHOLARSHIP 3,000
    CHARLES ELLEDGE
    FRAMINGHAM STATE UNIVERSITY
    FRAMINGHAM,MA01701     		NONE I SCHOLARSHIP 2,000
    CHELSEA TILLINGHAST
    UNIVERSITY OF VERMONT
    BURLINGTON,VT05405     		NONE I SCHOLARSHIP 4,000
    CHEROKEE BELVAL
    EMMANUEL COLLEGE MA
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    CHEYENNE RESENDE
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    CHI KWOK
    UNIVERSITY OF SOUTHERN CALIFORNIA
    LOS ANGELES,CA90089     		NONE I SCHOLARSHIP 10,000
    CHORSOM WETCHANUKROH
    LYNDON STATE COLLEGE
    LYNDONVILLE,VT05851     		NONE I SCHOLARSHIP 2,000
    CHRISTINA SANON
    RENSSELAER POLYTECHNIC INSTITUTE
    TROY,NY12180     		NONE I SCHOLARSHIP 6,000
    CHRISTINA SIMILIEN
    UNIVERSITY OF SOUTHERN CALIFORNIA
    LOS ANGELES,CA90089     		NONE I SCHOLARSHIP 3,000
    CHRISTINA TANG
    ALBANY COLLEGE OF PHARMACY
    ALBANY,NY12208     		NONE I SCHOLARSHIP 6,000
    CHRISTOPHER BARTORELLI
    ROGER WILLIAMS UNIVERSITY
    BRISTOL,RI02809     		NONE I SCHOLARSHIP 8,000
    CHRISTOPHER FEVRY
    BENTLEY UNIVERSITY
    WALTHAM,MA02452     		NONE I SCHOLARSHIP 4,000
    CHRISTOPHER POU
    WORCESTER STATE UNIVERSITY
    WORCESTER,MA01602     		NONE I SCHOLARSHIP 3,000
    CIARA MCCREADY
    SPRINGFIELD COLLEGE
    SPRINGFIELD,MA01109     		NONE I SCHOLARSHIP 5,000
    CICILY STRONG
    WASHINGTON COLLEGE
    CHESTERTOWN,MD21620     		NONE I SCHOLARSHIP 8,000
    CLAIRE PIZARRO
    SYRACUSE UNIVERSITY
    SYRACUSE,NY13244     		NONE I SCHOLARSHIP 8,000
    CLARITZA RAMOS
    EASTERN NAZARENE COLLEGE
    QUINCY,MA02170     		NONE I SCHOLARSHIP 3,000
    COLLETTE NEWCOMBE
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 6,000
    CONNER GRIFFIN
    UNIVERSITY OF MASSACHUSETTS BOSTON
    BOSTON,MA02125     		NONE I SCHOLARSHIP 3,000
    CONNIE TRUONG
    COLLEGE OF THE HOLY CROSS
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 2,000
    CORBAN MAILLOUX
    ROCHESTER INSTITUTE OF TECHNOLOGY
    ROCHESTER,NY14623     		NONE I SCHOLARSHIP 3,000
    CORY LARRUBIA
    ROGER WILLIAMS UNIVERSITY
    BRISTOL,RI02809     		NONE I SCHOLARSHIP 9,000
    CRISBELLY MEDINA ADAMES
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 5,000
    DANA HOPF
    WESTFIELD STATE UNIVERSITY
    WESTFIELD,MA01086     		NONE I SCHOLARSHIP 5,000
    DANIEL BERHE
    MASSACHUSETTS COLLEGE OF PHARMACY
    AND HEALTH SCIENCES
    BOSTON,MA02115     		NONE I SCHOLARSHIP 16,000
    DANIEL BROGAN
    SAINT MICHAELS COLLEGE
    COLCHESTER,VT05439     		NONE I SCHOLARSHIP 8,000
    DANIEL MCCUTCHEON
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 4,000
    DANIELA ACEVEDO
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 8,000
    DANIELLE ANDREWS
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 8,000
    DANIELLE PELLETIER
    STONEHILL COLLEGE
    EASTON,MA02357     		NONE I SCHOLARSHIP 9,000
    DANIELLE POMEROY
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 5,000
    DANISHA CHARLES
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 8,000
    DAVID BRYANT
    UNIVERSITY OF VERMONT
    BURLINGTON,VT05405     		NONE I SCHOLARSHIP 3,000
    DAVID MACHON
    WENTWORTH INSTITUTE OF TECHNOLOGY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 7,000
    DEBORAH BURGESS
    SAINT JOSEPHS COLLEGE MAINE
    STANDISH,ME04084     		NONE I SCHOLARSHIP 5,000
    DENISHA DOMINGUEZ
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 5,000
    DESIREE VILLENEUVE
    SPRINGFIELD COLLEGE
    SPRINGFIELD,MA01109     		NONE I SCHOLARSHIP 8,000
    DEVYN TALBOT
    UNIVERSITY OF NEW ENGLAND
    BIDDEFORD,ME04005     		NONE I SCHOLARSHIP 10,000
    DIANE HASSANIEH
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 3,000
    DINA ROUMELIOTIS
    ROLLINS COLLEGE
    WINTER PARK,FL32789     		NONE I SCHOLARSHIP 4,000
    DISHA PATEL
    BOSTON UNIVERSITY
    BOSTON,MA02215     		NONE I SCHOLARSHIP 4,000
    DOMINIQUE GUILFORD
    SPELMAN COLLEGE
    ATLANTA,GA30314     		NONE I SCHOLARSHIP 15,000
    DOREEN FRIMPONG-BRAGO
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    DUC NGO
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    EDWARD AROKO
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 8,000
    ELINA MAKO
    MASSACHUSETTS COLLEGE OF PHARMACY
    AND HEALTH SCIENCES
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    ELIZA NUNEZ ROMAN
    MASSACHUSETTS COLLEGE OF PHARMACY
    AND HEALTH SCIENCES
    BOSTON,MA02115     		NONE I SCHOLARSHIP 17,500
    ELIZABETH BARRETT
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 3,000
    ELIZABETH DESJARDINS
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 9,000
    ELIZABETH DIAZ
    MASSACHUSETTS COLLEGE OF LIBERAL
    ARTS
    NORTH ADAMS,MA01247     		NONE I SCHOLARSHIP 3,000
    ELIZABETH HOCTOR
    UNIVERSITY OF FLORIDA
    GAINSVILLE,FL32611     		NONE I SCHOLARSHIP 8,000
    EMA SCHEIFELE
    SYRACUSE UNIVERSITY
    SYRACUSE,NY13244     		NONE I SCHOLARSHIP 7,000
    EMANUELA SHERIFI
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 10,000
    EMILY COVELL
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 4,000
    EMILY ERICKSON
    SAINT ANSELM COLLEGE
    MANCHESTER,NH03102     		NONE I SCHOLARSHIP 6,000
    EMILY KYTE
    MOUNT HOLYOKE COLLEGE
    SOUTH HADLEY,MA01075     		NONE I SCHOLARSHIP 4,000
    EMILY MATHIEU
    KEENE STATE COLLEGE
    KEENE,NH03435     		NONE I SCHOLARSHIP 4,000
    EMILY MULVIHILL
    SAINT LAWRENCE UNIVERSITY
    CANTON,NY13617     		NONE I SCHOLARSHIP 6,000
    EMILY PARON
    PLYMOUTH STATE UNIVERSITY
    PLYMOUTH,NH03264     		NONE I SCHOLARSHIP 5,000
    EMILY WALTHOUSE
    VILLANOVA UNIVERSITY
    VILLANOVA,PA19085     		NONE I SCHOLARSHIP 4,000
    EMILYNA MEAS
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 1,500
    EMMA HARNEY
    BOSTON COLLEGE
    CHESTNUT HILL,MA02467     		NONE I SCHOLARSHIP 4,000
    ENOCH HUANG
    RENSSELAER POLYTECHNIC INSTITUTE
    TROY,NY12180     		NONE I SCHOLARSHIP 15,000
    ERICA DEMELLO
    SPRINGFIELD COLLEGE
    SPRINGFIELD,MA01109     		NONE I SCHOLARSHIP 6,000
    ERICA MAGIER
    OHIO STATE UNIVERSITY
    COLUMBUS,OH43210     		NONE I SCHOLARSHIP 5,000
    ERIK ERIKSON
    PALM BEACH ATLANTIC UNIVERSITY
    WEST PALM BEACH,FL33416     		NONE I SCHOLARSHIP 3,000
    ERIN COTTON
    WHEATON COLLEGE MA
    NORTON,MA02766     		NONE I SCHOLARSHIP 6,000
    ERIN MAGEE
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 3,000
    ERVA BARNES II
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 3,000
    ESTEVAN PUERTA
    STONEHILL COLLEGE
    EASTON,MA02357     		NONE I SCHOLARSHIP 8,000
    EVAN COVELL
    WESTMONT COLLEGE
    SANTA BARBARA,CA93108     		NONE I SCHOLARSHIP 3,000
    FADUMO MUSSE
    UNIVERSITY OF MAINE ORONO
    ORONO,ME04469     		NONE I SCHOLARSHIP 3,000
    FAITH QUAYE
    SACRED HEART UNIVERSITY
    FAIRFIELD,CT06825     		NONE I SCHOLARSHIP 14,000
    FATE MUNA
    REGIS COLLEGE
    WESTON,MA02193     		NONE I SCHOLARSHIP 5,000
    FELISHIA LAPOINTE
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 15,500
    FEVEN MERID
    FORDHAM UNIVERSITY
    NEW YORK,NY10023     		NONE I SCHOLARSHIP 14,000
    FEVEN TESFAI
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 5,000
    FILIPE ANTUNES
    BERKLEE COLLEGE OF MUSIC
    BOSTON,MA02215     		NONE I SCHOLARSHIP 15,000
    FORAM PATEL
    UNIVERSITY OF VERMONT
    BURLINGTON,VT05405     		NONE I SCHOLARSHIP 3,000
    GABRIELA GARCIA
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    GABRIELLE TYER
    UNIVERSITY OF RHODE ISLAND
    KINGSTON,RI02881     		NONE I SCHOLARSHIP 5,000
    GILLAN PEABODY
    ASSUMPTION COLLEGE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 5,000
    GISELLE BONILLA
    PROVIDENCE COLLEGE
    PROVIDENCE,RI02918     		NONE I SCHOLARSHIP 4,000
    GLADYS MERCADO
    GOODWIN COLLEGE
    EAST HARTFORD,CT06118     		NONE I SCHOLARSHIP 9,000
    GLORIA WU
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 4,000
    GRACE CROOK
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 7,000
    GRIFFIN SHULTS
    UNIVERSITY OF SOUTH FLORIDA
    ORLANDO,FL32886     		NONE I SCHOLARSHIP 8,000
    GRISHMA SHRESTHA
    UNIVERSITY OF RHODE ISLAND
    KINGSTON,RI02881     		NONE I SCHOLARSHIP 3,000
    GUADALUPE BARRIOS
    RHODE ISLAND COLLEGE
    PROVIDENCE,RI02908     		NONE I SCHOLARSHIP 4,000
    GUESHNAEL MENARD
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 5,000
    HAFSA MIRE
    SMITH COLLEGE
    NORTHAMPTON,MA01063     		NONE I SCHOLARSHIP 3,000
    HAJIRA SHAMSI
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    HANNAH BOURK
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 4,000
    HANNAH GOEPEL
    COLBY-SAWYER COLLEGE
    NEW LONDON,NH03257     		NONE I SCHOLARSHIP 3,000
    HANNAH GONNEVILLE
    SAINT JOSEPHS COLLEGE MAINE
    STANDISH,ME04084     		NONE I SCHOLARSHIP 4,000
    HANNAH KEYES
    MONTSERRAT COLLEGE OF ART
    BEVERLY,MA01915     		NONE I SCHOLARSHIP 8,000
    HANNAH WENDT
    LIBERTY UNIVERSITY
    LYNCHBURG,VA24502     		NONE I SCHOLARSHIP 5,000
    HANNAH WOODWORTH
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 4,000
    HARENA GEBREYESUS
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    HEATHER MERCY
    LIBERTY UNIVERSITY
    LYNCHBURG,VA24502     		NONE I SCHOLARSHIP 8,000
    HEATHER SCHOFIELD
    ASSUMPTION COLLEGE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 5,000
    HEIDY HERNANDEZ
    ENDICOTT COLLEGE
    BEVERLY,MA01915     		NONE I SCHOLARSHIP 7,000
    HUE LE
    MOUNT IDA COLLEGE
    NEWTON,MA02459     		NONE I SCHOLARSHIP 6,000
    HUNTER SMITH
    ECKERD COLLEGE
    ST PETERSBURG,FL33711     		NONE I SCHOLARSHIP 5,000
    HUYEN VU
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 9,000
    I B POLANCO PEREZ
    PROVIDENCE COLLEGE
    PROVIDENCE,RI02918     		NONE I SCHOLARSHIP 3,000
    IDEKELLY KING
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 3,000
    ISABELLA WYROSDIC
    RIVIER COLLEGE
    NASHUA,NH03060     		NONE I SCHOLARSHIP 10,000
    ISAIAH COTE
    ROCHESTER INSTITUTE OF TECHNOLOGY
    ROCHESTER,NY14623     		NONE I SCHOLARSHIP 7,000
    IVA HOXHA
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 3,000
    IZHAR MBARANI
    NEW ENGLAND COLLEGE
    HENNIKER,NH03242     		NONE I SCHOLARSHIP 7,000
    JACOB BRADY
    SUNY COBLESKILL
    COBLESKILL,NY12043     		NONE I SCHOLARSHIP 5,000
    JACOB COURSER
    UNIVERSITY OF HARTFORD
    W HARTFORD,CT06117     		NONE I SCHOLARSHIP 9,000
    JADESARA SIMON
    SIMMONS COLLEGE
    BOSTON,MA02115     		NONE I SCHOLARSHIP 4,000
    JAIME MALDONADO
    NEW YORK UNIVERSITY
    NEW YORK,NY10012     		NONE I SCHOLARSHIP 6,000
    JAIMEE WINER
    UNIVERSITY OF NEW ENGLAND
    BIDDEFORD,ME04005     		NONE I SCHOLARSHIP 15,000
    JANICE LI
    BOSTON COLLEGE
    CHESTNUT HILL,MA02467     		NONE I SCHOLARSHIP 4,000
    JARED HALL
    MAINE MARITIME ACADEMY
    CASTINE,ME04420     		NONE I SCHOLARSHIP 3,000
    JASMINE TEJEDA
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 1,500
    JAVELL WATSON
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    JAVIER MENDEZ
    BRANDEIS UNIVERSITY
    WALTHAM,MA02453     		NONE I SCHOLARSHIP 4,000
    JEAN SINE
    SUFFOLK UNIVERSITY
    BOSTON,MA02114     		NONE I SCHOLARSHIP 4,000
    JENISSA POMALES
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 2,000
    JENNA BOURQUE
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 4,000
    JENNA DONAIS
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 11,000
    JENNIFER DONNELLY
    SPRINGFIELD COLLEGE
    SPRINGFIELD,MA01109     		NONE I SCHOLARSHIP 4,000
    JENNIFER MCGRADY
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 8,000
    JESSE GILLETTE
    NORWICH UNIVERSITY
    NORTHFIELD,VT05663     		NONE I SCHOLARSHIP 5,000
    JESSE SUMNER
    WELLS COLLEGE
    AURORA,NY13026     		NONE I SCHOLARSHIP 5,000
    JESSICA BANNON
    SAINT ANSELM COLLEGE
    MANCHESTER,NH03102     		NONE I SCHOLARSHIP 10,000
    JESSICA HANSON
    SPRINGFIELD COLLEGE
    SPRINGFIELD,MA01109     		NONE I SCHOLARSHIP 4,000
    JESSICA POORS
    HUSSON UNIVERSITY
    BANGOR,ME04401     		NONE I SCHOLARSHIP 3,000
    JESSICA ULLOA
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 2,000
    JESSICA WILLIAMS
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 7,000
    JESUS BALANZAR
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 8,000
    JHANNIOR SANTANA
    SALVE REGINA UNIVERSITY
    NEWPORT,RI02840     		NONE I SCHOLARSHIP 4,500
    JIAMIN HUANG
    SIMMONS COLLEGE
    BOSTON,MA02115     		NONE I SCHOLARSHIP 8,000
    JIMMY TRAN
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 15,000
    JOAINI HERRERA DIAZ
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    JOANNA FLANAGAN
    UNIVERSITY OF HARTFORD
    W HARTFORD,CT06117     		NONE I SCHOLARSHIP 3,000
    JOHN BANKS
    WESTFIELD STATE UNIVERSITY
    WESTFIELD,MA01086     		NONE I SCHOLARSHIP 3,000
    JOHN CABRERA
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 3,000
    JOHN FINNIGAN
    STONEHILL COLLEGE
    EASTON,MA02357     		NONE I SCHOLARSHIP 5,000
    JOHNATHAN FLORES
    ROCHESTER INSTITUTE OF TECHNOLOGY
    ROCHESTER,NY14623     		NONE I SCHOLARSHIP 2,500
    JORDAN LACROSS
    QUINNIPIAC UNIVERSITY
    HAMDEN,CT06518     		NONE I SCHOLARSHIP 10,000
    JOSEPH DUNNING
    VASSAR COLLEGE
    POUGHKEEPSIE,NY12604     		NONE I SCHOLARSHIP 3,000
    JOSEPH KRISKO
    UNIVERSITY OF HARTFORD
    W HARTFORD,CT06117     		NONE I SCHOLARSHIP 8,000
    JOSEPH LEONE
    COLLEGE OF THE HOLY CROSS
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 4,000
    JOVANNI LAWRENCE
    SOUTHERN CONNECTICUT STATE
    UNIVERSITY
    NEW HAVEN,CT06515     		NONE I SCHOLARSHIP 3,000
    JULIAN SANTIAGO
    UNIVERSITY OF RHODE ISLAND
    KINGSTON,RI02881     		NONE I SCHOLARSHIP 3,000
    JUSTIN BERGNER
    PROVIDENCE COLLEGE
    PROVIDENCE,RI02918     		NONE I SCHOLARSHIP 7,000
    JUSTIN GOMES
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 14,000
    JUSTIN MILLETTE
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 12,000
    KAIJA NIVALA
    WHEATON COLLEGE IL
    WHEATON,IL60187     		NONE I SCHOLARSHIP 3,000
    KAILE KIMBALL
    HUSSON UNIVERSITY
    BANGOR,ME04401     		NONE I SCHOLARSHIP 2,000
    KAILEY STEVENS
    FLORIDA GULF COAST UNIVERSITY
    SOUTH FORT MYERS,FL33965     		NONE I SCHOLARSHIP 5,000
    KAIRA COLMAN
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 9,000
    KAITLYN VALLE
    UNIVERSITY OF MASSACHUSETTS LOWELL
    LOWELL,MA01854     		NONE I SCHOLARSHIP 3,000
    KAITLYNN SAMALIS
    ASSUMPTION COLLEGE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 3,000
    KARINA NUNEZ
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 3,000
    KARLA LAZO
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 3,000
    KARLY ROBINSON
    UNIVERSITY OF NEW ENGLAND
    BIDDEFORD,ME04005     		NONE I SCHOLARSHIP 12,900
    KAROLAIN DE LOS SANTOS
    BRYANT UNIVERSITY
    SMITHFIELD,RI02917     		NONE I SCHOLARSHIP 8,000
    KAROLL MONTALVAN PALMA
    AMERICAN INTERNATIONAL COLLEGE
    SPRINGFIELD,MA01109     		NONE I SCHOLARSHIP 2,000
    KARTIKA ROMANO
    UNIVERSITY OF MAINE ORONO
    ORONO,ME04469     		NONE I SCHOLARSHIP 4,000
    KASEY CARDIN
    PROVIDENCE COLLEGE
    PROVIDENCE,RI02918     		NONE I SCHOLARSHIP 8,000
    KASEY POULIN
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 7,000
    KASSIDY SNAIR
    SAINT MICHAELS COLLEGE
    COLCHESTER,VT05439     		NONE I SCHOLARSHIP 5,000
    KATE CULVERHOUSE
    MERRIMACK COLLEGE
    NO ANDOVER,MA01845     		NONE I SCHOLARSHIP 5,000
    KATE PEREZ
    BOSTON UNIVERSITY
    BOSTON,MA02215     		NONE I SCHOLARSHIP 10,000
    KATHLEEN DEABILL
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 3,000
    KATHLEEN HEMINGWAY
    UNIVERSITY OF NEW ENGLAND
    BIDDEFORD,ME04005     		NONE I SCHOLARSHIP 5,000
    KATYA BECKER
    BOSTON UNIVERSITY
    BOSTON,MA02215     		NONE I SCHOLARSHIP 5,000
    KAYLA BOSSE
    SPRINGFIELD COLLEGE
    SPRINGFIELD,MA01109     		NONE I SCHOLARSHIP 4,000
    KAYLA BROWN
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 3,000
    KEARVYN ARNE
    MASSACHUSETTS COLLEGE OF PHARMACY
    AND HEALTH SCIENCES
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    KELLIE NEARY
    WHEELOCK COLLEGE
    BOSTON,MA02215     		NONE I SCHOLARSHIP 6,000
    KELSEY BABCOCK
    WHEATON COLLEGE MA
    NORTON,MA02766     		NONE I SCHOLARSHIP 8,000
    KELSEY MCDANIEL
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 6,000
    KELSI FURMAN
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 5,000
    KENNETH HONG
    BRANDEIS UNIVERSITY
    WALTHAM,MA02453     		NONE I SCHOLARSHIP 3,000
    KERVIN HILAIRE
    AMERICAN UNIVERSITY
    WASHINGTON,DC20016     		NONE I SCHOLARSHIP 6,000
    KETRINA KOCIU
    WENTWORTH INSTITUTE OF TECHNOLOGY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 6,000
    KEVIN SIN
    BENTLEY UNIVERSITY
    WALTHAM,MA02452     		NONE I SCHOLARSHIP 5,000
    KIA STREET
    TEMPLE UNIVERSITY
    PHILADELPHIA,PA19122     		NONE I SCHOLARSHIP 8,000
    KIMBERLY PAVLOVICH
    ENDICOTT COLLEGE
    BEVERLY,MA01915     		NONE I SCHOLARSHIP 5,000
    KINFE ALEMNUGUS
    MASSACHUSETTS COLLEGE OF PHARMACY
    AND HEALTH SCIENCES
    BOSTON,MA02115     		NONE I SCHOLARSHIP 17,000
    KLEVISA RAMA
    WHEATON COLLEGE MA
    NORTON,MA02766     		NONE I SCHOLARSHIP 9,000
    KRISTA GAY
    JOHN BROWN UNIVERSITY
    SILOAM SPRINGS,AR72761     		NONE I SCHOLARSHIP 12,000
    KYLA POKORNY
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 2,000
    KYLE BORGES
    UNIVERSITY OF NEW ENGLAND
    BIDDEFORD,ME04005     		NONE I SCHOLARSHIP 7,000
    KYLE HUDGINS
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 6,000
    LAUCIANA JEAN BAPTISTE
    UNIVERSITY OF MASSACHUSETTS
    DARTMOUTH
    NORTH DARTMOUTH,MA02747     		NONE I SCHOLARSHIP 4,000
    LAURA KAVIN
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 8,000
    LAUREN PURDY
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 15,000
    LEAH GONNEVILLE
    UNIVERSITY OF NEW ENGLAND
    BIDDEFORD,ME04005     		NONE I SCHOLARSHIP 3,000
    LEANNE MCNALL
    ITHACA COLLEGE
    ITHACA,NY14850     		NONE I SCHOLARSHIP 15,000
    LEONARD LOCKHART JR
    UNIVERSITY OF NEW HAVEN
    WEST HAVEN,CT06516     		NONE I SCHOLARSHIP 4,000
    LETICIA CARDOSO
    UNIVERSITY OF MASSACHUSETTS BOSTON
    BOSTON,MA02125     		NONE I SCHOLARSHIP 5,000
    LIBBY LANGLOIS
    EMMANUEL COLLEGE MA
    BOSTON,MA02115     		NONE I SCHOLARSHIP 8,000
    LINA GOMEZ
    WENTWORTH INSTITUTE OF TECHNOLOGY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 4,000
    LLAQUELIN MIGUEL
    FITCHBURG STATE UNIVERSITY
    FITCHBURG,MA01420     		NONE I SCHOLARSHIP 3,000
    LORENA MEJIA
    BENTLEY UNIVERSITY
    WALTHAM,MA02452     		NONE I SCHOLARSHIP 3,000
    LUIS MORALES
    RENSSELAER POLYTECHNIC INSTITUTE
    TROY,NY12180     		NONE I SCHOLARSHIP 8,000
    LYNN QUAGLIATO
    WENTWORTH INSTITUTE OF TECHNOLOGY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    MAAZA FADEL EL SAID
    UNIVERSITY OF MASSACHUSETTS
    DARTMOUTH
    NORTH DARTMOUTH,MA02747     		NONE I SCHOLARSHIP 3,000
    MACKENZIE CHANCELLOR
    UNIVERSITY OF NEW ENGLAND
    BIDDEFORD,ME04005     		NONE I SCHOLARSHIP 7,000
    MACKENZIE EMCO
    REGIS COLLEGE
    WESTON,MA02193     		NONE I SCHOLARSHIP 5,000
    MADELINE WHITE
    WHEELOCK COLLEGE
    BOSTON,MA02215     		NONE I SCHOLARSHIP 5,000
    MAKENZIE GAGNE
    UNIVERSITY OF NORTH CAROLINA
    CHARLOTTE
    CHARLOTTE,NC28223     		NONE I SCHOLARSHIP 12,000
    MALLORY JONES
    SAINT MICHAELS COLLEGE
    COLCHESTER,VT05439     		NONE I SCHOLARSHIP 7,000
    MAMBWE CHISENGA
    STONEHILL COLLEGE
    EASTON,MA02357     		NONE I SCHOLARSHIP 10,000
    MANA ABDI
    UNIVERSITY OF MAINE FARMINGTON
    FARMINGTON,ME04938     		NONE I SCHOLARSHIP 4,000
    MANTING LI
    BOSTON UNIVERSITY
    BOSTON,MA02215     		NONE I SCHOLARSHIP 5,000
    MANYU MA
    COLLEGE OF THE HOLY CROSS
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 3,000
    MARANATHA BOYER
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 12,000
    MARCEL ROMERO
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 5,000
    MARIA ROSSI
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 6,000
    MARIAH NEWMAN
    SAINT MICHAELS COLLEGE
    COLCHESTER,VT05439     		NONE I SCHOLARSHIP 7,000
    MARIAM JAMEEL
    ROGER WILLIAMS UNIVERSITY
    BRISTOL,RI02809     		NONE I SCHOLARSHIP 4,000
    MARIE SOBECK
    DREW UNIVERSITY
    MADISON,NJ07940     		NONE I SCHOLARSHIP 4,000
    MARLON SIMMS
    MASSACHUSETTS COLLEGE OF PHARMACY
    AND HEALTH SCIENCES
    BOSTON,MA02115     		NONE I SCHOLARSHIP 15,000
    MARMARAH SIMILIEN
    UNIVERSITY OF SOUTHERN CALIFORNIA
    LOS ANGELES,CA90089     		NONE I SCHOLARSHIP 3,000
    MARRISSA ANGIULO
    MARYMOUNT MANHATTAN COLLEGE
    NEW YORK,NY10021     		NONE I SCHOLARSHIP 7,000
    MATTHEW MILLS
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 9,000
    MAY SITU
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 4,000
    MAYA HODGSON-DOTTIN
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 3,000
    MEGAN CORSON
    UNIVERSITY OF MAINE ORONO
    ORONO,ME04469     		NONE I SCHOLARSHIP 3,000
    MEGAN MAYERS
    SOUTHERN NEW HAMPSHIRE UNIVERSITY
    MANCHESTER,NH03106     		NONE I SCHOLARSHIP 5,000
    MEGAN WILLEMAN
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 5,000
    MELISSA APTT
    ENDICOTT COLLEGE
    BEVERLY,MA01915     		NONE I SCHOLARSHIP 8,000
    MELISSA FERNANDEZ
    MANHATTANVILLE COLLEGE
    PURCHASE,NY01577     		NONE I SCHOLARSHIP 10,000
    MELISSA OGUNBONA
    UNIVERSITY OF MASSACHUSETTS
    DARTMOUTH
    NORTH DARTMOUTH,MA02747     		NONE I SCHOLARSHIP 3,000
    MENALISA MENDES
    PROVIDENCE COLLEGE
    PROVIDENCE,RI02918     		NONE I SCHOLARSHIP 4,000
    MERCEDES SAUVE
    ARIZONA STATE UNIVERSITY
    TEMPE,AZ85287     		NONE I SCHOLARSHIP 5,000
    MICAELA MCCARTHY
    HOOD COLLEGE
    FREDERICK,MD21701     		NONE I SCHOLARSHIP 8,000
    MICHAEL CASTRO
    BENTLEY UNIVERSITY
    WALTHAM,MA02452     		NONE I SCHOLARSHIP 3,000
    MICHAEL EUSTIS
    COLORADO SCHOOL OF MINES
    GOLDEN,CO80401     		NONE I SCHOLARSHIP 8,000
    MICHAEL GIANNONE
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 4,000
    MICHAEL O'DEA
    CHAMPLAIN COLLEGE
    BURLINGTON,VT05402     		NONE I SCHOLARSHIP 5,000
    MICHAELA TREFETHEN
    BARTON COLLEGE
    WILSON,NC27893     		NONE I SCHOLARSHIP 6,000
    MICHELLE ACEVEDO
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 4,000
    MIGUEL MORA
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 9,000
    MING YOU
    UNIVERSITY OF RHODE ISLAND
    KINGSTON,RI02881     		NONE I SCHOLARSHIP 2,000
    MINQING CHEN
    SIMMONS COLLEGE
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    MISA NGUYEN
    EMMANUEL COLLEGE MA
    BOSTON,MA02115     		NONE I SCHOLARSHIP 2,000
    MITCHEL PION
    HUSSON UNIVERSITY
    BANGOR,ME04401     		NONE I SCHOLARSHIP 3,000
    MOLLY SIDELL
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 6,000
    MONDY TELFORT
    BOSTON COLLEGE
    CHESTNUT HILL,MA02467     		NONE I SCHOLARSHIP 5,000
    MONICA OM
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 6,000
    MONINEATH KHUN
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 7,000
    MORGAN KATHAN
    KEENE STATE COLLEGE
    KEENE,NH03435     		NONE I SCHOLARSHIP 3,000
    NANCY U DO
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    NATALIA GIL
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 5,000
    NATASHA ACOSTA
    BARD COLLEGE
    ANNANDALEONHUDSON,NY12504     		NONE I SCHOLARSHIP 7,000
    NATHAN BERTONE
    CARNEGIE MELLON UNIVERSITY
    PITTSBURGH,PA15213     		NONE I SCHOLARSHIP 6,000
    NATHAN FERRON
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 3,000
    NEPHTALIE DORCEUS
    SPRINGFIELD COLLEGE
    SPRINGFIELD,MA01109     		NONE I SCHOLARSHIP 5,000
    NHI TRAN
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    NICHOLAS AHLGREN
    KEENE STATE COLLEGE
    KEENE,NH03435     		NONE I SCHOLARSHIP 2,000
    NICHOLAS BAZOS
    ROCHESTER INSTITUTE OF TECHNOLOGY
    ROCHESTER,NY14623     		NONE I SCHOLARSHIP 4,000
    NICHOLAS BERNIER
    FAIRFIELD UNIVERSITY
    FAIRFIELD,CT06825     		NONE I SCHOLARSHIP 4,000
    NICHOLAS VERDINI
    EMMANUEL COLLEGE MA
    BOSTON,MA02115     		NONE I SCHOLARSHIP 8,000
    NICOLA BRIGGS
    SUFFOLK UNIVERSITY
    BOSTON,MA02114     		NONE I SCHOLARSHIP 12,000
    NICOLE MAYONE
    MASSACHUSETTS COLLEGE OF PHARMACY
    AND HEALTH SCIENCES
    BOSTON,MA02115     		NONE I SCHOLARSHIP 16,000
    NIHARIKA SINGH
    BOSTON UNIVERSITY
    BOSTON,MA02215     		NONE I SCHOLARSHIP 6,000
    NIKKI NGUYEN
    BENTLEY UNIVERSITY
    WALTHAM,MA02452     		NONE I SCHOLARSHIP 3,000
    NIRA ACHARYA
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 4,000
    NOAH JAYNES
    UNIVERSITY OF ARIZONA
    TUCSON,AZ85721     		NONE I SCHOLARSHIP 12,000
    OCTAVE MUHIRWA
    WENTWORTH INSTITUTE OF TECHNOLOGY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 7,000
    OLIVIA JONES
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 10,000
    OLIVIA ODELL
    NORTHERN ARIZONA UNIVERSITY
    FLAGSTAFF,AZ86011     		NONE I SCHOLARSHIP 8,000
    OMOLARA ADEKEYE
    BOSTON UNIVERSITY
    BOSTON,MA02215     		NONE I SCHOLARSHIP 3,000
    ORLAND LAMCE
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 10,000
    ORNELLA TEMPO
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 5,000
    OZONG ENOW
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 4,000
    PAIGE BRIGHAM
    SAINT JOHNS UNIVERSITY
    QUEENS,NY11439     		NONE I SCHOLARSHIP 10,000
    PAIGE MADDY
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 12,000
    PALOMA VASQUEZ
    SIMMONS COLLEGE
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    PATRICIA ASUNCION SANTANA
    BENTLEY UNIVERSITY
    WALTHAM,MA02452     		NONE I SCHOLARSHIP 4,000
    PATRICIA WISE
    FAIRLEIGH DICKINSON UNIVERSITY
    TEANECK
    TEANECK,NJ07666     		NONE I SCHOLARSHIP 8,000
    PATTARAPORN KITTISAPKAJON
    SYRACUSE UNIVERSITY
    SYRACUSE,NY13244     		NONE I SCHOLARSHIP 7,000
    PAULA MILLER
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 5,000
    PERLA GENAO
    UNIVERSITY OF MASSACHUSETTS BOSTON
    BOSTON,MA02125     		NONE I SCHOLARSHIP 6,000
    PERRY HUANG
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 11,000
    PHARVYANA MARCELIN
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 9,000
    PHOEBEE JEAN
    PROVIDENCE COLLEGE
    PROVIDENCE,RI02918     		NONE I SCHOLARSHIP 3,000
    PRINCESS MANSARAY
    UNIVERSITY OF MASSACHUSETTS
    DARTMOUTH
    NORTH DARTMOUTH,MA02747     		NONE I SCHOLARSHIP 3,000
    PRISCILLA MAHABALI
    SYRACUSE UNIVERSITY
    SYRACUSE,NY13244     		NONE I SCHOLARSHIP 3,000
    QUINN LACASSE
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 8,000
    RACHAEL BAVARO
    KEENE STATE COLLEGE
    KEENE,NH03435     		NONE I SCHOLARSHIP 8,500
    RACHEL BAVARO
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 3,500
    RACHEL COPANS
    WHEELOCK COLLEGE
    BOSTON,MA02215     		NONE I SCHOLARSHIP 8,000
    RACHEL CROSS-MAHONEY
    STONEHILL COLLEGE
    EASTON,MA02357     		NONE I SCHOLARSHIP 3,000
    RACHEL FOGG
    AMERICAN UNIVERSITY
    WASHINGTON,DC20016     		NONE I SCHOLARSHIP 19,000
    RACHEL GOULA
    MASSACHUSETTS COLLEGE OF PHARMACY
    AND HEALTH SCIENCES
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    RACHEL PLATT
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 5,000
    RAESHAWN KENNEDY
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 8,000
    RAKSHA BUSHAN
    HOFSTRA UNIVERSITY
    HEMPSTEAD,NY11549     		NONE I SCHOLARSHIP 10,000
    RAMSES JIMENEZ
    UNIVERSITY OF MASSACHUSETTS LOWELL
    LOWELL,MA01854     		NONE I SCHOLARSHIP 1,500
    REBECCA HARRIS
    EMMANUEL COLLEGE MA
    BOSTON,MA02115     		NONE I SCHOLARSHIP 8,000
    REBECCA MORSE
    QUINNIPIAC UNIVERSITY
    HAMDEN,CT06518     		NONE I SCHOLARSHIP 8,000
    REBEKAH BALCH
    SAINT MICHAELS COLLEGE
    COLCHESTER,VT05439     		NONE I SCHOLARSHIP 8,000
    REBEKAH PATTON
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 6,000
    REMIE EL-HAYEK
    ASSUMPTION COLLEGE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 5,000
    REYMOND ALDARONDO
    UNIVERSITY OF MASSACHUSETTS LOWELL
    LOWELL,MA01854     		NONE I SCHOLARSHIP 2,000
    REZWAN ALI
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 6,000
    RICHARD AIELLO
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 4,000
    RICHELLE JOSEPH
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 3,000
    RILEY HEROUX
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 14,000
    ROBERT CARDIN
    PROVIDENCE COLLEGE
    PROVIDENCE,RI02918     		NONE I SCHOLARSHIP 22,800
    ROCIO PEREZ
    LESLEY UNIVERSITY
    CAMBRIDGE,MA02138     		NONE I SCHOLARSHIP 8,000
    ROSA DE LEON
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 2,000
    ROSA SOTO
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 4,000
    ROSEANNA CHU
    BOSTON COLLEGE
    CHESTNUT HILL,MA02467     		NONE I SCHOLARSHIP 4,000
    ROSEMARY NABUKEERA
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 11,000
    RUBY ALLEY
    SIMMONS COLLEGE
    BOSTON,MA02115     		NONE I SCHOLARSHIP 7,000
    RYAN CURTIS
    UNIVERSITY OF RHODE ISLAND
    KINGSTON,RI02881     		NONE I SCHOLARSHIP 3,000
    SABRINA ALI
    SUFFOLK UNIVERSITY
    BOSTON,MA02114     		NONE I SCHOLARSHIP 2,000
    SABRINA TAVERAS
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 6,000
    SALIA MOO
    CASTLETON STATE COLLEGE
    CASTLETON,VT05735     		NONE I SCHOLARSHIP 3,000
    SALLY CHEN
    SUFFOLK UNIVERSITY
    BOSTON,MA02114     		NONE I SCHOLARSHIP 4,000
    SALLY YU
    SUFFOLK UNIVERSITY
    BOSTON,MA02114     		NONE I SCHOLARSHIP 3,000
    SAMANTHA ACKERLEY
    EMERSON COLLEGE
    BOSTON,MA02116     		NONE I SCHOLARSHIP 11,000
    SAMANTHA DAVERN
    UNIVERSITY OF NEW HAVEN
    WEST HAVEN,CT06516     		NONE I SCHOLARSHIP 10,000
    SAMANTHA JO STAMAS
    EMERSON COLLEGE
    BOSTON,MA02116     		NONE I SCHOLARSHIP 14,000
    SAMANTHA LANDER
    WESTERN NEW ENGLAND UNIVERSITY
    SPRINGFIELD,MA01119     		NONE I SCHOLARSHIP 11,000
    SAMELL DOSSEN
    HOWARD UNIVERSITY
    WASHINGTON,DC20059     		NONE I SCHOLARSHIP 10,000
    SANDRA CHEN
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 4,000
    SANDRINE NDETAH
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 4,000
    SANDY LIN
    SIMMONS COLLEGE
    BOSTON,MA02115     		NONE I SCHOLARSHIP 7,000
    SARA GILLILAND
    WINGATE UNIVERSITY
    WINGATE,NC28174     		NONE I SCHOLARSHIP 6,000
    SARAH A THOMPSON
    BRYANT UNIVERSITY
    SMITHFIELD,RI02917     		NONE I SCHOLARSHIP 12,000
    SARAH COVINO
    SOUTHERN CONNECTICUT STATE
    UNIVERSITY
    NEW HAVEN,CT06515     		NONE I SCHOLARSHIP 4,000
    SARAH MAYBERRY
    BRANDEIS UNIVERSITY
    WALTHAM,MA02453     		NONE I SCHOLARSHIP 3,000
    SAVANNAH MACLEAN
    CLARK UNIVERSITY
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 8,000
    SAYGE WILLIS
    EMERSON COLLEGE
    BOSTON,MA02116     		NONE I SCHOLARSHIP 12,000
    SEO-YEON LEE
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 7,000
    SHANIA BROWN
    CASTLETON STATE COLLEGE
    CASTLETON,VT05735     		NONE I SCHOLARSHIP 5,000
    SHANJIDA JUI
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 5,000
    SHANNON SULLIVAN
    SARAH LAWRENCE COLLEGE
    BRONXVILLE,NY10708     		NONE I SCHOLARSHIP 7,000
    SHANTEL SURLES
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 7,000
    SHARIFA AHMED
    SACRED HEART UNIVERSITY
    FAIRFIELD,CT06825     		NONE I SCHOLARSHIP 4,000
    SHAULITA FRANCIS
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 7,000
    SHAVIKA MISHRA
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 3,000
    SHAWNA ANTONELLI
    EMMANUEL COLLEGE MA
    BOSTON,MA02115     		NONE I SCHOLARSHIP 12,000
    SHELBY MARCHESE
    URSINUS COLLEGE
    COLLEGEVILLE,PA19426     		NONE I SCHOLARSHIP 6,000
    SHELLEY KUSNIERZ
    WESTERN NEW ENGLAND UNIVERSITY
    SPRINGFIELD,MA01119     		NONE I SCHOLARSHIP 3,000
    SHREYAJ SHRESTHA
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 2,000
    SHULA YEATON
    SAINT JOSEPHS COLLEGE MAINE
    STANDISH,ME04084     		NONE I SCHOLARSHIP 8,000
    SIENNA POWERS
    SPRINGFIELD COLLEGE
    SPRINGFIELD,MA01109     		NONE I SCHOLARSHIP 5,000
    SIERRA WILBAR
    COLORADO COLLEGE
    COLORADO SPRINGS,CO80903     		NONE I SCHOLARSHIP 3,000
    SIYAN LIN
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    SOPHIE CHEN
    SUFFOLK UNIVERSITY
    BOSTON,MA02114     		NONE I SCHOLARSHIP 3,000
    SOVATTHYA HI
    BOSTON UNIVERSITY
    BOSTON,MA02215     		NONE I SCHOLARSHIP 7,000
    STEPHANIE DENIS
    RIVIER COLLEGE
    NASHUA,NH03060     		NONE I SCHOLARSHIP 10,000
    STEPHANIE FULTON
    UNIVERSITY OF NEW HAMPSHIRE
    DURHAM,NH03824     		NONE I SCHOLARSHIP 3,000
    STEPHANIE JAVARAUCKAS
    QUINNIPIAC UNIVERSITY
    HAMDEN,CT06518     		NONE I SCHOLARSHIP 14,000
    STEPHANIE REGIS
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 3,000
    STEPHANIE SAINT LOUIS
    UNIVERSITY OF RHODE ISLAND
    KINGSTON,RI02881     		NONE I SCHOLARSHIP 4,000
    STEPHEN ABINI-AGBOMSON
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 3,000
    SUBASH ACHARYA
    SYRACUSE UNIVERSITY
    SYRACUSE,NY13244     		NONE I SCHOLARSHIP 13,427
    SUSAN SUY
    SPRINGFIELD COLLEGE
    SPRINGFIELD,MA01109     		NONE I SCHOLARSHIP 2,000
    SUSANNA ZHOU
    SUFFOLK UNIVERSITY
    BOSTON,MA02114     		NONE I SCHOLARSHIP 3,000
    SUZANNE SHAHIN
    MERRIMACK COLLEGE
    NO ANDOVER,MA01845     		NONE I SCHOLARSHIP 7,000
    SUZETTE SCHAND
    BENTLEY UNIVERSITY
    WALTHAM,MA02452     		NONE I SCHOLARSHIP 3,000
    SYDNEY HART
    ECKERD COLLEGE
    ST PETERSBURG,FL33711     		NONE I SCHOLARSHIP 6,000
    TAKEYA ELLISON-MOSS
    UNIVERSITY OF DUBUQUE
    DUBUQUE,IA52001     		NONE I SCHOLARSHIP 5,000
    TARA KHADKA
    DANIEL WEBSTER COLLEGE
    NASHUA,NH03603     		NONE I SCHOLARSHIP 9,000
    TASHI LHATSO
    UNIVERSITY OF CONNECTICUT
    STORRS,CT06269     		NONE I SCHOLARSHIP 4,000
    TAYLA PORETTA
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    TAYLOR CHECHOWITZ
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 3,000
    TAYYABA NIZAM
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    TEHILLAH ESKELUND
    NYACK COLLEGE
    NYACK,NY10960     		NONE I SCHOLARSHIP 3,000
    TERRY VOONG
    SIMMONS COLLEGE
    BOSTON,MA02115     		NONE I SCHOLARSHIP 5,000
    THANH LUU
    MASSACHUSETTS COLLEGE OF PHARMACY
    AND HEALTH SCIENCES
    BOSTON,MA02115     		NONE I SCHOLARSHIP 10,000
    THERESA FORTON
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 3,000
    THINH NGUYEN
    WESTERN NEW ENGLAND UNIVERSITY
    SPRINGFIELD,MA01119     		NONE I SCHOLARSHIP 4,000
    THOMAS DORAN
    WHEELOCK COLLEGE
    BOSTON,MA02215     		NONE I SCHOLARSHIP 3,000
    THOMAS GRANT
    STONEHILL COLLEGE
    EASTON,MA02357     		NONE I SCHOLARSHIP 5,000
    THUY NGUYEN
    MASSACHUSETTS COLLEGE OF PHARMACY
    AND HEALTH SCIENCES
    BOSTON,MA02115     		NONE I SCHOLARSHIP 9,000
    TIFFANY ROBINSON
    WESTERN NEW ENGLAND UNIVERSITY
    SPRINGFIELD,MA01119     		NONE I SCHOLARSHIP 7,400
    TIFFANY WONG
    MASSACHUSETTS COLLEGE OF PHARMACY
    AND HEALTH SCIENCES
    BOSTON,MA02115     		NONE I SCHOLARSHIP 5,000
    TIMOTHY CRONIN
    STONEHILL COLLEGE
    EASTON,MA02357     		NONE I SCHOLARSHIP 3,000
    TIMOTHY PARSONS
    UNIVERSITY OF MASSACHUSETTS LOWELL
    LOWELL,MA01854     		NONE I SCHOLARSHIP 3,000
    TIVISAY SANCHEZ BAEZ
    WHEELOCK COLLEGE
    BOSTON,MA02215     		NONE I SCHOLARSHIP 10,000
    TRAVON GODETTE
    WESTFIELD STATE UNIVERSITY
    WESTFIELD,MA01086     		NONE I SCHOLARSHIP 5,000
    TREVOR HENSCHEL
    STONEHILL COLLEGE
    EASTON,MA02357     		NONE I SCHOLARSHIP 7,000
    TRISANA SPENCE
    QUINNIPIAC UNIVERSITY
    HAMDEN,CT06518     		NONE I SCHOLARSHIP 3,000
    TUYEN H NGUYEN
    ROCHESTER INSTITUTE OF TECHNOLOGY
    ROCHESTER,NY14623     		NONE I SCHOLARSHIP 2,500
    VALENTINE IWEJUO
    COLLEGE OF THE HOLY CROSS
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 3,000
    VANESSA DELGIZZO
    QUINNIPIAC UNIVERSITY
    HAMDEN,CT06518     		NONE I SCHOLARSHIP 10,000
    VANESSA VU
    COLLEGE OF THE HOLY CROSS
    WORCESTER,MA01610     		NONE I SCHOLARSHIP 8,000
    VERONICA SAFOWAAH
    RHODE ISLAND COLLEGE
    PROVIDENCE,RI02908     		NONE I SCHOLARSHIP 13,000
    VICTORIA TANSEY
    ROGER WILLIAMS UNIVERSITY
    BRISTOL,RI02809     		NONE I SCHOLARSHIP 10,000
    WARDA KHURRAM
    UNIVERSITY OF MASSACHUSETTS BOSTON
    BOSTON,MA02125     		NONE I SCHOLARSHIP 3,000
    WAYNE HUYNH
    BOSTON UNIVERSITY
    BOSTON,MA02215     		NONE I SCHOLARSHIP 7,000
    WENDY CHEN
    MOUNT HOLYOKE COLLEGE
    SOUTH HADLEY,MA01075     		NONE I SCHOLARSHIP 3,000
    WILLIAM PARR
    BOSTON COLLEGE
    CHESTNUT HILL,MA02467     		NONE I SCHOLARSHIP 3,000
    WINIFER ROSARIO
    PROVIDENCE COLLEGE
    PROVIDENCE,RI02918     		NONE I SCHOLARSHIP 3,000
    YAHAIRA ACUNA
    BENTLEY UNIVERSITY
    WALTHAM,MA02452     		NONE I SCHOLARSHIP 4,000
    YAHEYSI LEON-LOPEZ
    UNIVERSITY OF RHODE ISLAND
    KINGSTON,RI02881     		NONE I SCHOLARSHIP 12,000
    YERALDO RODRIGUEZ
    BENTLEY UNIVERSITY
    WALTHAM,MA02452     		NONE I SCHOLARSHIP 4,000
    YESSENIA MOTTA
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 3,000
    YI QI LU
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    YING KIU LOO
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 4,000
    YINGPING HE
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 3,000
    YINGYING ZHANG
    DUKE UNIVERSITY
    DURHAM,NC27708     		NONE I SCHOLARSHIP 4,000
    YLEN ESTEVEZ
    PITZER COLLEGE
    CLAREMONT,CA91711     		NONE I SCHOLARSHIP 2,000
    YOCAYRA GUZMAN
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 6,000
    YOHAIRA NINA
    SALEM STATE UNIVERSITY
    SALEM,MA01970     		NONE I SCHOLARSHIP 7,000
    YSABEL ESPINAL
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 3,000
    YVES SABATO
    WENTWORTH INSTITUTE OF TECHNOLOGY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 12,000
    ZACHARY ABBOTT
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 10,000
    ZACHARY CHECHOWITZ
    GORDON COLLEGE
    WENHAM,MA01984     		NONE I SCHOLARSHIP 3,000
    ZACHARY KUSNIERZ
    WESTERN NEW ENGLAND UNIVERSITY
    SPRINGFIELD,MA01119     		NONE I SCHOLARSHIP 3,000
    ZACHARY STONE
    NEW YORK UNIVERSITY
    NEW YORK,NY10012     		NONE I SCHOLARSHIP 8,000
    ZACHARY VALENTI
    UNIVERSITY OF MASSACHUSETTS AMHERST
    AMHERST,MA01003     		NONE I SCHOLARSHIP 12,200
    ZAHRA KHAZAL
    WORCESTER POLYTECHNIC INSTITUTE
    WORCESTER,MA01609     		NONE I SCHOLARSHIP 10,000
    ZAKIA MATUBER
    MASSACHUSETTS COLLEGE OF ART DESIGN
    BOSTON,MA02115     		NONE I SCHOLARSHIP 3,000
    ZEV BLISS
    URSINUS COLLEGE
    COLLEGEVILLE,PA19426     		NONE I SCHOLARSHIP 6,000
    ZOE PAIVA
    NORTHEASTERN UNIVERSITY
    BOSTON,MA02115     		NONE I SCHOLARSHIP 7,000
    Total .................................bullet 3a 3,060,363
    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 ...........     		    14 83  
    4 Dividends and interest from securities....     14 1,178,470  
    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.....          
    8
    Gain or (loss) from sales of assets other than inventory ............     		    18 1,191,970  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory..          
    11 Other revenue:
    aPASSTHROUGH INCOME REPORTED ON FEINGOLD O'KEEFE CAPITAL I K-1     		523000 -8,392 14 86,793  
    bPASSTHROUGH INCOME REPORTED ON HCM VENTURE FUND VI, LLC K-1 523000 4,590 14 -285  
    cPASSTHROUGH LOSS REPORTED ON SEAMANS GLOBAL OPPORTUNITIES FUND, LLC K-1     14 -415  
    dPASSTHROUGH LOSS REPORTED ON HCM VENTURE FUND VII, LLC K-1     14 -9,918  
    e
    12 Subtotal. Add columns (b), (d), and (e).. -3,802 2,446,698 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    132,442,896
    (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:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 12,000 6,000   6,000

    TY 2015 DistributionFromCorpusElection
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Election:
    I, BARBARA ILER, BEING A FOUNDATION MANAGER OF STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FOUNDATION, INC., DECLARE THAT THE FOUNDATION ELECTS TO TREAT A PORTION OF THE 2015 QUALIFYING DISTRIBUTIONS TOTALING $91,863 AS OUT OF CORPUS IN ACCORDANCE WITH IRS REG 53.4942(A)-3(D)(2). DURING 2015, THE FOUNDATION RECEIVED A GRANT FROM ANOTHER PRIVATE FOUNDATION IN THE AMOUNT OF $91,863. IN ACCORDANCE WITH THAT AGREEMENT & IRS REGULATIONS, STEPHEN PHILLIPS MEMORIAL SCHOLARSHIP FOUNDATION, INC. AGREED TO DISTRIBUTE THE FULL AMOUNT OF THIS GRANT AND TO TREAT THE DISTRIBUTION AS OUT OF CORPUS ON ITS FORM 990-PF, WHICH WILL ALLOW THE DONOR FOUNDATION TO COUNT IT AS A QUALIFYING DISTRIBUTION ON THEIR FORM 990-PF.

    TY 2015 GeneralExplanationAttachment
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Identifier Return Reference Explanation
    SALE OF TIMBER (NONTAXABLE UNDER IRC SEC. 4940) FORM 990-PF, PART IV, LINE 1C SALE OF TIMBER UNDER CUTTING CONTRACTS OR FROM THE SALE OF TIMBERLAND ARE NOT TAXABLE UNDER IRC SEC. 4940, SEE ALSO ZEMURRAY FOUNDATION V. U.S., 55 AFTR 2D 85-1183.

    TY 2015 InvestmentsCorpBondsSchedule
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 1,007,877 1,007,978

    TY 2015 InvestmentsCorpStockSchedule
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Name of Stock End of Year Book Value End of Year Fair Market Value
    CORPORATE STOCKS (DOMESTIC & FOREIGN) 29,205,798 48,643,580

    TY 2015 InvestmentsGovtObligationsSch
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    US Government Securities - End of Year Book Value:

    1,000,289
    US Government Securities - End of Year Fair Market Value:

    999,620
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2015 InvestmentsLandSchedule2
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    TIMBERLAND 1,863,408 0 1,863,408 9,224,248

    TY 2015 InvestmentsOtherSchedule2
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MUTUAL FUNDS AT COST 3,581,397 3,386,337
    INVESTMENT IN PARTNERSHIPS AT COST 2,001,043 1,722,829

    TY 2015 LandEtcSchedule2
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE FURNITURE & EQUIPMENT 41,506 40,224 1,282 1,282
    OFFICE BUILDING 690,000 179,135 510,865 510,865
    BUILDING IMPROVEMENTS 12,080 3,198 8,882 8,882


    TY 2015 LegalFeesSchedule
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 28,406 14,203   14,203


    TY 2015 MortgagesAndNotesPayableSch
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Total Mortgage Amount: 229,088

    Item No. 1
    Lender's Name ORIGINAL AMOUNT-552000 INTEREST RATE-575 FIXED MATURITY DATE 110420
    Lender's Title  
    Relationship to Insider  
    Original Amount of Loan  
    Balance Due 229,088
    Date of Note  
    Maturity Date  
    Repayment Terms  
    Interest Rate  
    Security Provided by Borrower  
    Purpose of Loan  
    Description of Lender Consideration  
    Consideration FMV  


    TY 2015 OtherAssetsSchedule
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTANGIBLE ASSETS NET OF ACCUMULATED AMORTIZATION 10,937 10,787 10,787


    TY 2015 OtherExpensesSchedule
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 9,736 0   9,736
    PRINTING AND POSTAGE 1,932 0   1,932
    TELEPHONE 2,348 0   2,348
    REPAIRS AND MAINTENANCE 15,320 0   15,320
    COMPUTER SUPPORT AND MAINTENANCE 7,756 0   7,756
    MISCELLANEOUS 6,333 0   6,333
    PAYROLL PROCESSING 1,514 0   1,514
    AMORTIZATION 6,985 0   6,985
    DUES AND SUBSCRIPTIONS 3,300 0   3,300
    MARKETING 5,208 0   5,208


    TY 2015 OtherIncomeSchedule2
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PASSTHROUGH INCOME REPORTED ON FEINGOLD O'KEEFE CAPITAL I K-1 78,401 86,793 78,401
    PASSTHROUGH INCOME REPORTED ON HCM VENTURE FUND VI, LLC K-1 4,305 -285 4,305
    PASSTHROUGH LOSS REPORTED ON SEAMANS GLOBAL OPPORTUNITIES FUND, LLC K-1 -415 -415 -415
    PASSTHROUGH LOSS REPORTED ON HCM VENTURE FUND VII, LLC K-1 -9,918 -9,918 -9,918


    TY 2015 OtherIncreasesSchedule
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Description Amount
    REFUND OF UNEXPENDED SCHOLARSHIPS 44,500


    TY 2015 OtherProfessionalFeesSchedule
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTANTS 30,753 15,376   15,377
    INVESTMENT ADVISORY AND CUSTODY FEES 234,245 234,245   0


    TY 2015 TaxesSchedule
    Name:
    THE STEPHEN PHILLIPS MEMORIAL
     
    SCHOLARSHIP FUND INC
    EIN:
    27-5040651
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 13,000 0   0
    FOREIGN TAXES 24,014 24,014   0
    FEDERAL UBIT TAX 4,500 0   0
    MA UBIT TAX 550 0   0