Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 01-01-2017 , and ending 12-31-2017
Name of foundation
GRANTHAM FOUNDATION FOR THE PROTECTION
OF THE ENVIRONMENT
Number and street (or P.O. box number if mail is not delivered to street address)C/O JEREMY GRANTHAM 40 ROWES WHARF
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

04-6856456
B Telephone number (see instructions)

(617) 346-7500
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... 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$582,338,767J 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) 3,300,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 9,147 9,147  
4 Dividends and interest from securities... 3,967,936 3,958,503  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 39,026,969
b Gross sales price for all assets on line 6a 56,391,921
7 Capital gain net income (from Part IV, line 2)... 38,767,057
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 -2,927,016 14,899  
12 Total. Add lines 1 through 11........ 43,377,036 42,749,606  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 61,357 0   61,357
b Accounting fees (attach schedule)....... Click to see attachment 82,500 41,250   41,250
c Other professional fees (attach schedule).... Click to see attachment 9,912,132 9,041,475   0
17 Interest............... 379,588 0   379,588
18 Taxes (attach schedule) (see instructions)... Click to see attachment 318,917 262,876   2,012
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,179 0   4,179
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 23,738 23,738   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,782,411 9,369,339   488,386
25 Contributions, gifts, grants paid....... 22,550,620 22,550,620
26 Total expenses and disbursements. Add lines 24 and 25 33,333,031 9,369,339   23,039,006
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 10,044,005
b Net investment income (if negative, enter -0-) 33,380,267
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2019)
Form 990-PF (2019)
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......... 23,390,291 15,817,235 15,817,235
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   2,000,000 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 64,680,379 Click to see attachment73,494,485 111,434,751
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 328,728,387 Click to see attachment334,950,005 450,314,876
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment936,553 Click to see attachment4,771,905 Click to see attachment4,771,905
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 419,735,610 429,033,630 582,338,767
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)......    
22 Other liabilities (describe bullet) Click to see attachment1,522,644 Click to see attachment776,659
23 Total liabilities (add lines 17 through 22)......... 1,522,644 776,659
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 30,215,296 40,259,301
29 Total net assets or fund balances (see instructions)..... 418,212,966 428,256,971
30 Total liabilities and net assets/fund balances (see instructions). 419,735,610 429,033,630
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 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
418,212,966
2
Enter amount from Part I, line 27a .....................
2
10,044,005
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
428,256,971
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 29 .
6
428,256,971
Form 990-PF (2019)
Form 990-PF (2019)
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 GMO EMERGING MARKETS FUND VI      
b EDITAS MEDICINE   2014-07-29 2017-03-13
c EDITAS MEDICINE   2014-07-29 2017-03-13
d ABBVIE INC   2016-12-01 2017-03-13
e CALITHERA BIOSCIENCES   2013-10-28 2017-03-13
CALITHERA BIOSCIENCES   2013-10-28 2017-03-13
INTELLIA THERAPEUTICS      
INTELLIA THERAPEUTICS      
INTELLIA THERAPEUTICS      
TELADOC INC      
VOYAGER THERAPEUTICS INC   2016-12-20 2017-03-17
SNAP INC      
EDITAS MEDICINE   2014-11-10 2017-09-19
EDITAS MEDICINE   2015-06-09 2017-09-19
SNAP INC      
VOYAGER THERAPEUTICS INC      
VISION OPPORTUNITY FUND P    
ELLIOTT INTERNATIONAL FUND LTD P    
COPPER RIVER PARTNERS LP P    
BATTERY VENTURES X SIDE FUND AIV LP P    
BATTERY VENTURES X AIV FUND P    
LONE CASCADE LP P    
CHALKSTREAM INVESTMENT FUND INTL LTD P    
RENAISSANCE INTL EQUITIES FUND P    
ARTIMAN VENTURES SPECIAL OPPORTUNITIES FUND P    
WATER STREET P    
LONE CASCADE LP P    
HIGHLAND EUROPE TECH GROWTH LP P    
OVERLOOK PARTNERS P    
SUSTAINABLE ASSET FUND LP P    
GREYCROFT IV P    
ENCAP ENERGY CAPITAL FUND IX LP P    
LONE CASCADE LP P    
BATTERY VENTURES X LP P    
FORMATION8 PARTNERS FUND I P    
BAUPOST LIMITED PARTNERSHIP P    
ATLAS VENTURE IX P    
FOUNDERS FUND V LP P    
ACCOMPLICE FUND I P    
GREYCROFT III LP P    
DISCERENE GROUP LP P    
THIRD ROCK VENTURES P    
DENHAM CAPITAL P    
INNOVATION WORKS III LP P    
LIGHTSPEED VENTURES PARTNERS XI LP P    
LIGHTSPEED VENTURES PARTNERS IX LP P    
LAKESTAR II LP P    
FLAGSHIP VENTURES P    
LEGACY VENTURE IV LP P    
ARTIMAN VENTURES IX P    
HOLTZBRINCK VENTURES V LP P    
TRIBECA III LP P    
FIRSTMARK CAPITAL III LP P    
FOUNDATION CAPITAL P    
ATLAS VENTURE X LP P    
RENAISSANCE INTL EQUITIES FUND P    
MISSIONPOINT RE COMMUNITY CO INVEST P    
ATLAS VENTURE X LP P    
BAUPOST LIMITED PARTNERSHIP P    
HIGHLAND EUROPE TECH GROWTH LP P    
OVERLOOK PARTNERS P    
LIGHTSPEED VENTURE PARTNERS IX LP P    
LEGACY VENTURE IV LP P    
INNOVATION WORKS III LP P    
LONE CASCADE LP P    
GREYCROFT IV LP P    
FOUNDERS FUND V LP P    
BATTERY VENTURE X LP P    
THIRD ROCK VENTURES P    
BATTERY VENTURES X SIDE FUND LP P    
ENCAP ENERGY CAPITAL FUND IX LP P    
LONE CASCADE LP P    
HOLTZBRINCK VENTURES V LP P    
DENHAM CAPITAL P    
ALEPH PARTNERS P    
ENCAP FLATROCK MIDSTREAM LP P    
FORMATION8 PARTNERS FUND II P    
GREYCROFT III LP P    
FIRSTMARK CAPITAL III LP P    
ICON VENTURES P    
NORTHBRIDGE II AIV I LP P    
RIVA CAPITAL II LP P    
OVERLOOK 3G PARTNERS P    
DISCERENE GROUP LP P    
BATTERY VENTURES XI-A LP P    
BATTERY VENTURES XI-A SIDE FUND LP P    
FLAGSHIP PIONERING FUND VI LP P    
HIGHFIELDS IV CAPITAL LP P    
XPV WATER LP P    
SUSTAINABLE ASSET FUND LP P    
SAF HOLDINGS LLC P    
THRIVE CAPITAL PARTNERS P    
AIRDRIE PARTNERS LP P    
TRIBECA FUND I LP P    
MUCKER CAPITAL LP P    
ANNAPOLIS VII LP P    
WATER STREET P    
BATTERY VENTURES X SIDE FUND AIV LP P    
BATTERY VENTURES X AIV I LP P    
NEW EUROPE PROPERTY FUND P    
ACCOMPLICE FUND I P    
ARTIMAN SELECT OPPORTUNITIES FUND P    
ATLAS VENTURE IX P    
LIGHTSPEED VENTURE PARTNERS X LP P    
LAKESTAR II LP P    
DFJ VENTURE XI LP P    
FLAGSHIP VENTURES P    
LONGWOOD II LP P    
FOUNDATION CAPITAL P    
MISSIONPOINT CAPITAL PARTNERS FUND I P    
TRIBECA II LP P    
LUX VENTURES III LP P    
ARTIMAN SPECIAL P    
ACCOMPLICE FUND I P    
BAUPOST LIMITED PARTNERSHIP P    
BAUPOST LIMITED PARTNERSHIP P    
WATER STREET P    
LEGACY VENTURE IV LP P    
ATLAS VENTURE IX P    
SUSTAINABLE ASSET FUND LP- SECTION 1231 P    
ENCAP ENERGY CAPITAL FUND IX LP- SECTION 1231 P    
BAUPOST LIMITED PARTNERSHIP- SECTION 1231 P    
ENCAP FLATROCK MIDSTREAM LP- SECTION 1231 P    
BAUPOST LIMITED PARTNERSHIP- SECTION 1231 P    
RIVA CAPITAL II LP- SECTION 1231 P    
DISCERENE GROUP LP- SECTION 1256 P    
BAUPOST LP- SECTION 1256 P    
WATER STREET- SECTION 1256 P    
MORGAN STANLEY FUTURES- 1256 GAIN P    
SBC LATIN PFIC CAPITAL GAIN DISTRIBUTION P    
OAKTREE POWER OPPORTUNITIES PFIC CAPITAL GAIN DISTRIBUTION P    
INNOVATION WORKS III- PFIC DISPOSITIONS P    
MORGAN STANLEY CALL OPTIONS- 1256 GAIN P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 12,679,931   12,430,129 249,802
b 132,120   13,993 118,127
c 46,421   4,917 41,504
d 967,304   875,937 91,367
e 248,458   156,109 92,349
21,706   13,638 8,068
131,648   1,896 129,752
31,925   450 31,475
25,635   356 25,279
78,378   38,458 39,920
82,302   30,812 51,490
2,984,602   2,241 2,982,361
317,899   37,817 280,082
317,921   46,958 270,963
1,815,709   1,245 1,814,464
151,653   37,914 113,739
83,208     83,208
624,333     624,333
37,567     37,567
22,110     22,110
21,799     21,799
730,984     730,984
85,106     85,106
510,794     510,794
      -660,850
213,373     213,373
147,678     147,678
103,110     103,110
101,325     101,325
74,918     74,918
69,614     69,614
68,441     68,441
61,944     61,944
30,816     30,816
28,269     28,269
25,585     25,585
21,319     21,319
17,563     17,563
      -899
11,954     11,954
6,581     6,581
2,095     2,095
1,821     1,821
505     505
      -1
      -893
      -1,506
      -2,635
      -5,851
      -16,109
      -19,988
      -23,066
      -35,112
      -44,737
353,985     353,985
4,768,616     4,768,616
      -800,158
2,609,081     2,609,081
2,376,622     2,376,622
1,957,599     1,957,599
1,284,689     1,284,689
1,270,513     1,270,513
979,474     979,474
793,777     793,777
495,627     495,627
378,266     378,266
299,709     299,709
258,973     258,973
247,252     247,252
243,319     243,319
214,036     214,036
204,009     204,009
180,381     180,381
101,853     101,853
92,489     92,489
82,960     82,960
79,539     79,539
65,355     65,355
62,745     62,745
56,247     56,247
55,575     55,575
52,557     52,557
49,415     49,415
47,768     47,768
39,036     39,036
32,356     32,356
29,628     29,628
22,707     22,707
17,069     17,069
7,255     7,255
5,380     5,380
3,159     3,159
2,752     2,752
301     301
300     300
      -316
3,443,953     3,443,953
      -2,489
      -2,553
      -5,492
      -21,347
      -23,716
      -80,192
      -37,412
      -57,794
      -60,554
      -72,639
      -72,717
      -77,163
      -83,050
      -110,718
      -144,599
      -382,428
15,932   15,932 0
2,020   2,020 0
59,897   59,897 0
737   737 0
1,718   1,718 0
42,830   42,830 0
575,953     575,953
275,528     275,528
118,026     118,026
2,141     2,141
135,921   135,921 0
857   857 0
      -215
      -404,262
      -14,377
5,653,060     5,653,060
295,000     295,000
189,251     189,251
      -406,244
2,620,299     2,620,299
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       249,802
b       118,127
c       41,504
d       91,367
e       92,349
      8,068
      129,752
      31,475
      25,279
      39,920
      51,490
      2,982,361
      280,082
      270,963
      1,814,464
      113,739
      83,208
      624,333
      37,567
      22,110
      21,799
      730,984
      85,106
      510,794
      -660,850
      213,373
      147,678
      103,110
      101,325
      74,918
      69,614
      68,441
      61,944
      30,816
      28,269
      25,585
      21,319
      17,563
      -899
      11,954
      6,581
      2,095
      1,821
      505
      -1
      -893
      -1,506
      -2,635
      -5,851
      -16,109
      -19,988
      -23,066
      -35,112
      -44,737
      353,985
      4,768,616
      -800,158
      2,609,081
      2,376,622
      1,957,599
      1,284,689
      1,270,513
      979,474
      793,777
      495,627
      378,266
      299,709
      258,973
      247,252
      243,319
      214,036
      204,009
      180,381
      101,853
      92,489
      82,960
      79,539
      65,355
      62,745
      56,247
      55,575
      52,557
      49,415
      47,768
      39,036
      32,356
      29,628
      22,707
      17,069
      7,255
      5,380
      3,159
      2,752
      301
      300
      -316
      3,443,953
      -2,489
      -2,553
      -5,492
      -21,347
      -23,716
      -80,192
      -37,412
      -57,794
      -60,554
      -72,639
      -72,717
      -77,163
      -83,050
      -110,718
      -144,599
      -382,428
      0
      0
      0
      0
      0
      0
      575,953
      275,528
      118,026
      2,141
      0
      0
      -215
      -404,262
      -14,377
      5,653,060
      295,000
      189,251
      -406,244
      2,620,299
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 38,767,057
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))
2018 20,593,910 485,933,796 0.042380
2017 22,858,679 465,848,564 0.049069
2016 19,527,739 424,357,616 0.046017
2015 19,025,024 357,721,106 0.053184
2014 20,390,998 369,786,521 0.055143
2
Total of line 1, column (d) .....................
2
0.245793
3
Average distribution ratio for the 5-year base period—divide the total on line 2 by 5.0, or by the number of years the foundation has been in existence if less than 5 years ......
3
0.049159
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
537,135,730
5
Multiply line 4 by line 3......................
5
26,405,055
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
333,803
7
Add lines 5 and 6........................
7
26,738,858
8
Enter qualifying distributions from Part XII, line 4,.............
8
23,039,006
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 (2019)
Form 990-PF (2019)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket includes lines 1a and 1b
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Domestic foundations that meet the section 4940(e) requirements in Part V, check 1 667,605
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........................... 3 667,605
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- ..... 5 667,605
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 200,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 550,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Original Return Overpayment: -134801 7 615,199
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 5,281
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 57,687
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2019 or the taxable year beginning in 2019? See the 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 (2019)
    Form 990-PF (2019)
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.GRANTHAMFOUNDATION.ORG
    14
    The books are in care ofbulletJEREMY GRANTHAM Telephone no.bullet (617) 346-7500

    Located atbullet40 ROWES WHARFBOSTONMA ZIP+4bullet02110
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2019, 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 the instructions for exceptions and filing requirements for FinCEN Form 114. 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
     
     
    ........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 2019?.............
    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 2019, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2019?.............
    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 2019 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 2019.)..................
    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 2019?
    4b
     
    No
    Form 990-PF (2019)
    Form 990-PF (2019)
    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:
    Yes
    No
    (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). Click to see attachment
    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
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    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
    JEREMY GRANTHAM TRUSTEE
    5.00     		0 0 0
    C/O GMO 40 ROWES WHARF
    BOSTON,MA02110
    HANNELORE GRANTHAM TRUSTEE
    5.00     		0 0 0
    71 MT VERNON STREET
    BOSTON,MA02108
    OLIVER GRANTHAM TRUSTEE
    1.00     		0 0 0
    1262 46TH AVENUE
    SAN FRANCISCO,CA94122
    RUPERT GRANTHAM TRUSTEE
    0.10     		0 0 0
    16N MULLEN HILL ROAD
    WESTPORT,MA02790
    ISABEL GRANTHAM RAPPOPORT TRUSTEE
    0.10     		0 0 0
    42 IVALOO STREET
    SOMERVILLE,MA02143
    RAMSAY RAVENEL EXECUTIVE DIRECTOR
    40.00     		0 0 0
    C/O GMO 40 ROWES WHARF
    BOSTON,MA02110
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    CAMBRIDGE ASSOCIATES CONSULTING 916,935
    100 SUMMER STREET
    BOSTON,MA02110
    RAPHAEL AND RAPHAEL LLP BOOKKEEPING AND TAX PREPARATION 82,500
    52 CHURCH STREET
    BOSTON,MA02116
    ROPES AND GRAY LEGAL 58,891
    800 BOYLSTON STREET
    BOSTON,MA02199
    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 (2019)
    Form 990-PF (2019)
    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
    24,349,653
    b
    Average of monthly cash balances.......................
    1b
    21,899,917
    c
    Fair market value of all other assets (see instructions)................
    1c
    499,065,892
    d
    Total (add lines 1a, b, and c).........................
    1d
    545,315,462
    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
    545,315,462
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    8,179,732
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    537,135,730
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    26,856,787
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    26,856,787
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    667,605
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    667,605
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    26,189,182
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    6,000
    5
    Add lines 3 and 4............................
    5
    26,195,182
    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
    26,195,182
    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
    23,039,006
    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
    23,039,006
    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
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    23,039,006
    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 (2019)
    Form 990-PF (2019)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2018     		(c)
    2018     		(d)
    2019
    1 Distributable amount for 2019 from Part XI, line 7 26,195,182
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 21,830,566
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014......  
    b From 2015......  
    c From 2016......  
    d From 2017......  
    e From 2018......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 23,039,006
    a Applied to 2018, but not more than line 2a 21,830,566
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 1,208,440
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 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 0
    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 2018. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2019. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2020 ..........     		24,986,742
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2014 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2020.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2015....  
    b Excess from 2016....  
    c Excess from 2017....  
    d Excess from 2018....  
    e Excess from 2019....  
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 2019, 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) 2019 (b) 2018 (c) 2017 (d) 2016
             
    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 foundation 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).)
    JEREMY GRANTHAM
    HANNELORE GRANTHAM
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2019)
    Form 990-PF (2019)
    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
    350 ORG
    20 JAY STREET SUITE 1010
    BROOKLYN,NY11201     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 450,000
    ACADIA CENTER
    8 SUMMER STREET
    ROCKPORT,ME04856     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 25,000
    AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE
    1200 NEW YORK AVE NW
    WASHINGTON,DC20005     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 100,000
    AZUERO EARTH PROJECT
    962 SPRINGS FIREPLACE RD
    EAST HAMPTON,NY11937     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 10,000
    CARBON TRACKER INITIATIVE
    300 PARK AVENUE 12TH FLOOR
    NEW YORK,NY10022     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 500,000
    CENTER FOR PUBLIC INTEGRITY
    910 17TH STREET NW SUITE 700
    WASHINGTON,DC20006     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 750,000
    CERES INC
    99 CHAUNCY STREET
    BOSTON,MA02111     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 50,000
    CLIMATE AND HEALTH RESEARCH
    269 WHITE ROAD
    BOWDOINHAM,ME04008     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 30,000
    CLIMATE FOUNDATION
    3 LITTLE HARBOR ROAD
    WOODS HOLE,MA02543     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 400,000
    CO2 SCIENCES
    5855 RUSTIC KNOLLS DRIVE
    BOULDER,CO80301     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 40,000
    COLUMBIA UNIVERSITY
    2910 BROADWAY HOGAN HALL MC 3277
    NEW YORK,NY10025     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 200,000
    COMMUNITY FOUNDATION OF SOUTHEASTERN MASSACHUSETTS INC (DAF)
    63 UNION STREET
    NEW BEDFORD,MA02740     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 100,000
    CONSERVATION LAW FOUNDATION
    62 SUMMER STREET
    BOSTON,MA02110     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 250,000
    CONSERVATION X LABS INC
    1342 FLORIDA AVENUE NW
    WASHINGTON,DC20009     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 133,000
    DIVECHA CENTRE FOR CLIMATE CHANGE
    2DN FLOOR CAOS BUILDING INDIAN
    INSTITUTE FOR SCIENCE
    BENGALURU,KARNATAKA560012
    IN     		N/A GOV FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 600,000
    DONATION EXPENSE FROM PASSTHROUGHS
    40 ROWES WHARF
    BOSTON,MA02110     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 8,484
    EARTH INNOVATION INSTITUTE
    98 BATTERY STREET SUITE 250
    SAN FRANCISCO,CA94111     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 10,000
    ENVIRONMENTAL DEFENSE FUND INCORPORATED
    1875 CONNECTICUT AVE NW SUITE 600
    WASHINGTON,DC20009     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 1,806,666
    ENVIRONMENTAL LEAGUE OF MASSACHUSETTS INC
    14 BEACON STREET SUITE 714
    BOSTON,MA02108     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 80,000
    GREENPEACE FUND INC
    702 H STREET NW SUITE 300
    WASHINGTON,DC20001     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 190,000
    HEALTH IN HARMONY INC
    107 SE WASHINGTON STREET SUITE 480
    PORTLAND,OR97214     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 10,000
    IMPERIAL COLLEGE
    SOUTH KENSINGTON CAMPUS EXHIBITION
    ROAD
    LONDON   SW7 2AZ
    UK     		N/A FOREIGN UNIVERSITY FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 2,015,500
    INNOVATION NETWORK FOR COMMUNITIES (BOSTON GREEN RIBBON)
    1625 K STREET NW SUITE 1050
    WASHINGTON,DC20006     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 150,000
    LEAGUE OF CONSERVATION
    1920 L ST NW SUITE 800
    WASHINGTON,DC20036     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 750,000
    LINDEN TRUST FOR CONSERVATION
    156 WEST 56TH STREET SUITE 1100
    NEW YORK,NY10019     		N/A POF FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 450,000
    LONDON SCHOOL OF ECONOMICS
    HOUGHTON STREET
    LONDON   WC2A 2AE
    UK     		N/A FOREIGN UNIVERSITY FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 2,266,183
    LOST LIGHTS PROJECTS INC
    16 COURT STREET SUITE 2307
    BROOKLYN,NY11241     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 400,000
    METAFOUNDATION
    8726 S SEPULVEDA BOULEVARD SUITE D
    612
    LOS ANGELES,CA90045     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 120,000
    NEW ENGLAND FORESTRY FOUNDATION INC
    32 FOSTER STREET
    LITTLETON,MA01460     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 100,000
    OXFAM AMERICA INC
    226 CAUSEWAY ST 5TH FLOOR
    BOSTON,MA02114     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 264,000
    PRINCE OF WALES'S CHARITABLE FOUNDATION
    CLARENCE HOUSE
    LONDON   SW1A 1BA
    UK     		N/A FOREIGN CHARITY FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 200,000
    RAINFOREST ACTION NETWORK
    221 PINE STREET 500
    SAN FRANCISCO,CA94104     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 25,000
    RETHINKING ECONOMICS
    22A BESWICK STREET
    MANCHESTER   M4 7HR
    UK     		N/A FOREIGN CHARITY ENVIRONMENTAL EDUCATION 25,000
    ROCKEFELLER FAMILY FUND
    475 RIVERSIDE DRIVE SUITE 900
    NEW YORK,NY10115     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 900,000
    ROCKY MOUNTAIN INSTITUTE
    2490 JUNCTION PLACE SUITE 200
    BOULDER,CO80302     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 1,000,000
    SIERRA CLUB
    2101 WEBSTER STREET SUITE 1250
    OAKLAND,CA94612     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 150,000
    SOUTH CAROLINA COASTAL CONSERVATION
    328 EAST BAY STREET PO BOX 1765
    CHARLESTON,SC29402     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 10,000
    STICHTING EUROPEAN CLIMATE FOUNDATION
    RIVIERVISMARKT 52513 AM
    DEN HAAG   2513 AM
    NL     		N/A FOREIGN CHARITY FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 2,750,000
    SUSTAINABILITY ACCOUNTING STANDARDS BOARD
    1045 SANSOME ST SUITE 450
    SAN FRANCISCO,CA94111     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 25,000
    THE ENERGY FOUNDATION
    301 BATTERY STREET 5TH FLOOR
    SAN FRANCISCO,CA94111     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 1,561,111
    UNION OF CONCERNED SCIENTISTS INC
    2 BRATTLE SQUARE
    CAMBRIDGE,MA02138     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 900,000
    UNIVERSITY COLLEGE OF LONDON
    601 PENNSYLVANIA AVE NW STE 900
    WASHINGTON,WA20004     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 290,069
    UNIVERSITY OF COLORADO
    2055 REGENT DRIVE
    BOULDER,CO80309     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 61,063
    UNIVERSITY OF READING
    WHITEKNIGHTS PO BOX 217
    READING,BERKSHIRERG6 6AJ
    UK     		N/A FOREIGN UNIVERSITY FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 116,614
    UNIVERSITY OF SHEFFIELD
    WESTERN BANK
    SHEFFIELD,SOUTH YORKSHIRES10 2TN
    UK     		N/A FOREIGN UNIVERSITY TO CREATE THE CENTRE FOR SUSTAINABLE FUTURES UNDER THE UMBRELLA OF PROJECT SUNSHINE AND TWO COHORTS OF GRANTHAM SCHOLARS. 1,627,929
    WGBH EDUCATIONAL FOUNDATION
    ONE GUEST STREET
    BOSTON,MA02135     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 125,000
    WILD AID
    44 MONTGOMERY STREET SUITE 300
    SAN FRANCISCO,CA94111     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 400,000
    WOODS HOLE RESEARCH CENTER INC
    149 WOODS HOLE ROAD
    WOODS HOLE,MA02540     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 25,000
    WORLD RESOURCES INSTITUTE
    10 G ST NE SUITE 800
    WASHINGTON,DC20002     		N/A PC FOR THE PROTECTION OF THE ENVIRONMENT; FURTHERANCE OF RELATED RESEARCH, AWARENESS AND POLICY 100,000
    Total .................................bullet 3a 22,550,619
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    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 9,147  
    4 Dividends and interest from securities.... 900000 9,433 14 3,958,503  
    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..... 900000   14 14,899  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		900000 259,912 14 38,767,057  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aUBTI FROM PASSTHROUGHTS     		900000 -2,319,433      
    bOTHER INCOME FROM PASSTHROUGHS     14 -622,482  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. -2,050,088 42,127,124 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    40,077,036
    (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 (2019)
    Form 990-PF (2019)
    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) (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) (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 (2019)
    Additional Data


    Software ID:  
    Software Version:  
    Part VI Line 7 -Original Return Overpayment: -134,801


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2019
    Name of the organization
    GRANTHAM FOUNDATION FOR THE PROTECTION
    OF THE ENVIRONMENT
    Employer identification number

    04-6856456
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2
    Name of organization
    GRANTHAM FOUNDATION FOR THE PROTECTION
    OF THE ENVIRONMENT         		Employer identification number
    04-6856456
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    JEREMY AND HANNELORE GRANTHAM
     
    C/O GMO 40 ROWES WHARF
     
    BOSTON, MA02110

    		$ 3,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    ARJUN DIVECHA
     
    1612 BRET HARTE ROAD
     
    BERKELEY, CA94708

    		$ 300,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 3
    Name of organization
    GRANTHAM FOUNDATION FOR THE PROTECTION
    OF THE ENVIRONMENT         		Employer identification number

    04-6856456
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)
    Page 4
    Name of organization
    GRANTHAM FOUNDATION FOR THE PROTECTION
    OF THE ENVIRONMENT         		Employer identification number

    04-6856456
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2017 AccountingFeesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 82,500 41,250   41,250

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

    TY 2017 ExpenditureResponsibilityStmt
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    LONDON SCHOOL OF ECONOMICS
          		HOUGHTON STREET
    LONDON   EC2A 2AE
    UK     		2017-02-03 2,266,183 GENERAL SUPPORT FOR THE GRANTHAM RESEARCH INSTITUTE ON CLIMATE CHANGE   NONE 04/11/2018   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THERE
    IMPERIAL COLLEGE
          		SOUTH KENSINGTON CAMPUS EXHIBITION
    ROAD
    LONDON   SW7 2AZ
    UK     		2017-12-13 2,015,500 TO CARRY OUT MULTIDISCIPLINARY RESEARCH ON CLIMATE CHANGE AND ITS IMPACT; INFLUENCING PUBLIC AND PRIVATE POLICY GLOBALLY, BY THE ACTIVE ENGAGEMENT OF THE COLLEGE'S EXISTING CENTRE FOR ENVIRONMENTAL POLICY; PROVIDE TRAINING FOR PHD STUDENTS THAT WILL ENHANCE UK LEVELS OF TECHNICAL EXPERTISE IN CLIMATE CHANGE   NONE 04/12/2018   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    UNIVERSITY OF READING
          		WHITEKNIGHTS PO BOX 217
    READING,BERKSHIRERG6 6AH
    UK     		2017-12-13 116,614 UNIVERSITY OF READING WILL FUND A CHAIR IN CLIMATE SYSTEM SCIENCE IN THE DEPARTMENT OF METEOROLOGY.   NONE     THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    INDIAN INSTITUE OF SCIENCE DIVECHA CENTER
          		2ND FLOOR CAOS BUILDING
    BENGALURU,KARNATAKA560012
    IN     		2017-12-04 600,000 FUND ACTIVITIES OF THE CENTER, INCLUDING THE MANAGEMENT OF THE RESEARCH PROGRAMS AND POLICY INITIATIVES.   NONE 01/17/2018   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    UNIVERSITY OF SHEFFIELD
          		WESTERN BANK
    SHEFFIELD   S10 2TN
    UK     		2017-11-03 1,627,929 TO CREATE THE CENTRE FOR SUSTAINABLE FUTURES UNDER THE UMBRELLA OF PROJECT SUNSHINE AND TOW COORTS OF GRANTHAM SCHOLARS. THE SCHOLARS WILL FOLLOW A PHD PROGRAM FOCUSED ON RESEARCH PROJECTS THAT TACKLE CHALLENGES ON SUSTAINABILITY IN INNOVATIVE WAYS.   NONE 05/04/2018   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THERE
    STICHTING EUROPEAN CLIMATE
          		RIVIERVISMARKT 5
    DEN HAAG   2513 AM
    NL     		2017-02-10 1,000,000 GENERAL SUPPORT FOR PIE PROGRAM AND PROGRAM SUPPORT   NONE 03/12/2018   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    STICHTING EUROPEAN CLIMATE
          		RIVIERVISMARKT 5
    DEN HAAG   2513 AM
    NL     		2017-05-15 1,000,000 GENERAL SUPPORT FOR PIE PROGRAM AND PROGRAM SUPPORT   NONE 03/12/2018   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    STICHTING EUROPEAN CLIMATE
          		RIVIERVISMARKT 5
    DEN HAAG   2513 AM
    NL     		2017-12-28 750,000 GENERAL SUPPORT FOR PIE PROGRAM AND PROGRAM SUPPORT   NONE 03/12/2018   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.
    PRINCE OF WALES CHARITABLE FOUNDATION
          		CLARENCE HOUSE
    LONDON   SW1A 1BA
    UK     		2017-12-12 200,000 PROTECT AND IMPROVE GLOBAL ENVIRONMENT CONSISTENT WITH THE FOUNDATION'S MISSION. GRANTEE SHALL REPAY TO THE FOUNDATION ANY PORTION OF GRANTS NOT USED FOR THE PURPOSE   NONE     THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BERKELEY ENERGY WIND MAURITIUS 2,452,453 2,275,456
    CHALKSTREAM 4,076,766 4,880,834
    CHALKSTREAM CLASS J SHARES 4,980,058 6,346,785
    ELLIOTT INTERNATIONAL 11,384,557 24,612,098
    FACEBOOK INC 6,773 121,757
    KENSICO 10,000,000 28,782,654
    LONE PINON FUND 422,000 2,819,891
    LONE SAVIN 5,000,000 6,154,548
    MULESOFT INC 10,598 37,728
    OAKTREE POWER OPPORTUNITIES 1,629,425 1,376,677
    ORION MINE FINANCE 5,926,030 8,267,530
    SBC LATIN 4,718,493 4,271,438
    SNAP INC 415 606,286
    SUN VALLEY GOLD INTERNATIONAL 6,000,000 3,900,254
    TELADOC INC 38,458 132,186
    ZOOX INC 1,000,000 1,000,000
    CALL ISHARES MSCI EMERGING 912,970 912,970
    CALL SPDR EURO STOCK 343,228 343,228
    CALL STANDARD & POORS 6,099,562 6,099,562
    CALL ISHARES MSCI CHINA ETF 3,992,230 3,992,400
    CALL POWERSHARES QQQ TR 436,250 436,250
    NUCLEUS SCIENTIFIC 4,064,219 4,064,219

    TY 2017 InvestmentsOtherSchedule2
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACCOMPLICE FUND I LP FMV 2,852,036 3,262,318
    AIRDRIE PARTNERS I LP FMV 16,218,020 1,443,277
    ALEPH LP FMV 2,611,136 3,979,222
    ALEPH II LP FMV 119,078 113,069
    ALPINA PARTNERS FUND FMV 1,322,296 1,598,552
    ANNAPOLIS INVESTMENT LP VI FMV 8,322,737 7,949,930
    ANNAPOLIS INVESTMENT LP VII FMV 2,055,673 2,625,215
    ARC ENERGY FUND 7 UNITED STATES FMV 5,425,458 4,819,981
    ARCH VENTURE FUND IX LP FMV 1,096,511 1,125,008
    ARTIMAN VENTURES 2014 LP FMV 1,611,909 1,570,608
    ARTIMAN VENTURES SELECT 2014 LP FMV 1,501,349 965,965
    ARTIMAN VENTURES SPECIAL OPPORTUNITIES FUND LP FMV 3,155,931 2,474,298
    ASF BELGIUM SPRL FMV 5,629,504 6,308,508
    ATLAS VENTURE IX LP FMV 4,119,679 8,600,168
    ATLAS VENTURE X LP FMV 2,189,202 6,818,589
    BATTERY VENTURES X LP FMV 2,818,175 3,445,307
    BATTERY VENTURES X SIDE FUND FMV 1,133,905 1,656,199
    BATTERY VENTURES XI-A LP FMV 1,739,566 2,629,757
    BATTERY VENTURES XI-A SIDE FUND AIV FMV 220,665 0
    BATTERY VENTURES XI-A AIV LP FMV 507,536 0
    BATTERY VENTURES XI-A SIDE FUND LP FMV 701,928 1,111,890
    BAUPOST LIMITED PARTNERSHIP FMV 23,874,826 26,363,235
    CRITERION AFRICA PARTNERS FMV 583,333 583,333
    DENHAM CAPITAL FMV 4,576,606 4,227,821
    DFJ VENTURES XI FMV 1,795,811 2,610,231
    DFJ VENTURES XII FMV 879,401 1,068,051
    DISCERNE FUND LP FMV 1,076,855 1,068,206
    DOUGLAS EMMETT FUND X FMV 3,072,077 10,961,098
    ECLIPSE I FMV 404,963 470,397
    ECLIPSE II FMV 343,355 407,810
    ENCAP ENERGY CAPITAL FUND FMV 5,686,900 5,870,367
    ENCAP FLATROCK MIDSTREAM FUND II FMV 2,623,106 5,931,574
    FIRST MARK CAPITAL III LP FMV 3,677,252 5,275,508
    FIRST MARK CAPITAL IV LP FMV 235,485 232,416
    FLAGSHIP VENTURES FMV 3,693,925 6,826,935
    FLAGSHIP PIONEERING FUND VI LP FMV 167,811 161,206
    FORMATION 8 FMV 2,925,621 9,369,854
    FORMATION 8 FUND II LP FMV 3,369,973 4,443,889
    FOUNDATION CAPITAL FUND VIII FMV 1,405,616 1,949,738
    FOUNDERS FUND V FMV 4,155,942 9,078,711
    FOUNDERS FUND VI FMV 349,499 457,994
    GEF AFRICA FMV 1,960,375 2,413,136
    GENAGRO LTD FMV 249,478 135,135
    GMO MUTUAL FUNDS FMV 22,181,827 25,528,231
    GREYCROFT FMV 2,582,221 4,080,038
    GREYCROFT IV FMV 1,853,761 2,568,270
    HIGHFIELDS CAPITAL IV LP FMV 755,960 354,423
    HIGHLAND EUROPE FMV 5,983,121 9,654,718
    HIGHLAND EUROPE TECHNOLOGY GROWTH FMV 3,190,540 3,771,156
    HV HOLTZBRINCK FMV 3,874,093 5,804,652
    HV HOLTZBRINCK VENTURES CO-INVEST FEEDER FMV 849,425 952,087
    HV HOLTZBRINCK VENTURES VI FMV 2,232,018 1,929,217
    ICON VENTURES FMV 2,669,556 2,801,493
    INNOVATION WORKS FMV 3,323,219 9,862,582
    LAKESTAR FMV 2,731,369 2,916,055
    LEGACY VENTURE FMV 4,606,150 9,872,345
    LIGHTSPEED VENTURE PARTNERS XI LP FMV 1,446,491 1,443,789
    LIGHTSPEED VENTURE PTRS IX LP FMV 5,855,031 11,952,537
    LIGHTSPEED VENTURE PTRS SELECT FMV 1,477,270 1,768,226
    LIGHTSPEED VENTURE PTRS X LP FMV 4,105,089 4,869,480
    LIGHTSPEED VP SELECT II FMV 592,837 597,506
    LONE CASCADE LP FMV 1,596,009 4,485,925
    LONG WOOD FUND III LP FMV 1,059,232 760,775
    LONGWOOD FUND II LP FMV 1,731,769 1,628,255
    LUX VENTURES III FMV 2,208,836 4,249,481
    LUX VENTURES IV LP FMV 3,457,954 6,514,141
    LUX VENTURES V LP FMV 262,659 258,663
    MISSIONPOINT AERO FARMS FMV 464,779 1,268,166
    MISSIONPOINT CAPITAL PARTNERS FUND CORP FMV 96,303 168,895
    MISSIONPOINT RE COMMUNITY COINVEST FMV 130,584 138,885
    MUCKER CAPITAL FMV 1,833,882 2,715,014
    NCH NEW EUROPE PROPERTY FUND FMV 11,192,238 7,416,376
    NORTH BRIDGE II AIV I LP FMV 265,831 266,260
    NORTH BRIDGE TECHNOLOGY FMV 4,432,756 6,829,516
    OVERLOOK 3G INVESTMENTS FMV 2,327,963 2,890,232
    OVERLOOK PARTNERS FMV 13,670,392 17,614,933
    OWL VENTURES FMV 3,110,157 5,559,197
    PACIFIC ROAD RESOURCES FMV 2,766,144 2,047,032
    PATAGONIA SUR LLC FMV 120,391 120,387
    RENAISSANCE INSTITUTIONAL EQUITIES FUND FMV 11,990,993 27,304,386
    RENEWABLE ENERGY ASIA FUND LP FMV 1,326,286 1,626,569
    RENEWABLE ENERGY ASIA FUND II LP FMV 1,733,665 2,380,701
    RINCON VENTURES FMV 2,073,687 2,994,639
    RIVA CAPITAL PARTNERS II LP FMV 180,530 191,750
    SILVER LAKE KRAFTWERK FMV 5,135,683 5,230,663
    SILVER LAKE KRAFTWERK CAYMAN FMV 1,983,208 1,853,353
    SILVER LAKE KRAFTWERK DE AIV LP FMV 1,301,844 1,506,790
    SINOVATION WORKS FUND III LP FMV 2,693,395 3,731,233
    SUSA VENTURES FMV 839,532 834,697
    SUSTAINABLE ASSET FUND FMV 23,302,551 31,745,420
    TARA INDIA FUND LLC FMV 7,535,350 3,680,004
    THIRD ROCK FMV 3,511,167 6,708,184
    CA RESOURCES FUND (US TAX EXEMPT) LP THIRD ROCK IV FMV 1,130,210 1,288,664
    THRIVE CAPITAL III FMV 2,397,796 10,609,741
    THRIVE CAPITAL PTRS IV FMV 2,564,509 4,055,146
    THRIVE V FMV 1,152,960 1,313,746
    TRIBECA VENTURE FUND I FMV 2,288,261 4,331,653
    TRIBECA VENTURE FUND II FMV 1,225,915 2,033,801
    UNDERSCORE. VC FUND I LP FMV 1,156,727 1,231,565
    WATER STREET FMV 4,792,342 6,178,031
    XPV WATER FMV 1,135,033 1,420,696

    TY 2017 LegalFeesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 61,357 0   61,357


    TY 2017 OtherAssetsSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ACCRUED INTEREST RECEIVABLE- NUCLEUS NOTE 48,219 0 0
    DISTRIBUTION RECEIVABLE FROM LIMITED PARTNERSHIPS 16,334 4,770,905 4,770,905
    RECEIVABLE FROM RELATED PARTY 872,000 1,000 1,000


    TY 2017 OtherExpensesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS 2,680 2,680   0
    NONDEDUCTIBLE EXPENSES FROM PASSTHROUGH ENTITIES 21,028 21,028   0
    SECTION 179 EXPENSE 30 30   0


    TY 2017 OtherIncomeSchedule2
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME FROM PASSTHROUGH ENTITIES 0 0 0
    UBI FROM PASSTHROUGH ENTITIES 0 0 0
    UNREALIZED APPRECIATION IN INVESTMENTS - MARKED TO MARKET 5,072 5,072 5,072
    MISCELLANEOUS INCOME 9,827 9,827 9,827
    UBTI FROM PASSTHROUGHTS -2,319,433   -2,319,433
    OTHER INCOME FROM PASSTHROUGHS -622,482   -622,482


    TY 2017 OtherLiabilitiesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Description Beginning of Year - Book Value End of Year - Book Value
    CAPITAL CONTRIBUTION PAYABLE 304,904 4,952
    RELATED PARTY PAYABLE 14,650 15,244
    OPEN TRADE EQUITY -FUTURES ACCOUNTS 1,203,090 756,463


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADVISORY FEES 926,935 926,935   0
    PORTFOLIO FEES FROM K-1 INVESTMENTS 8,985,197 8,114,540   0


    TY 2017 TaxesSchedule
    Name:
    GRANTHAM FOUNDATION FOR THE PROTECTION
     
    OF THE ENVIRONMENT
    EIN:
    04-6856456
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STATE TAX EXPENSE 81,748 79,736   2,012
    FOREIGN TAXES FROM PASSTHROUGH ENTITIES 183,140 183,140   0
    FEDERAL EXCISE TAXES 25,072 0   0
    FEDERAL WITHHOLDING TAX 28,957 0   0