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
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
HENRY P KENDALL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)176 FEDERAL STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

04-6029103
B Telephone number (see instructions)

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

D 1. 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$84,829,524J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,791,334 1,791,961  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,385,935
b Gross sales price for all assets on line 6a 11,330,669
7 Capital gain net income (from Part IV, line 2)... 3,382,372
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 201,027 202,171  
12 Total. Add lines 1 through 11........ 5,378,296 5,376,504  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 379,894 0   379,894
14 Other employee salaries and wages...... 61,250 0   61,250
15 Pension plans, employee benefits....... 92,565 0   92,565
16a Legal fees (attach schedule)......... Click to see attachment 5,816 0   5,816
b Accounting fees (attach schedule)....... Click to see attachment 30,000 15,000   15,000
c Other professional fees (attach schedule).... Click to see attachment 484,820 260,130   224,690
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 55,500 0   55,500
19 Depreciation (attach schedule) and depletion... Click to see attachment 3,782 0  
20 Occupancy.............. 99,245 0   99,245
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 901,302 757,926   143,603
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,114,174 1,033,056   1,077,563
25 Contributions, gifts, grants paid....... 3,497,708 3,497,708
26 Total expenses and disbursements. Add lines 24 and 25 5,611,882 1,033,056   4,575,271
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -233,586
b Net investment income (if negative, enter -0-) 4,343,448
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
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............. 108,054 269,837 269,837
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet39,565
Less: allowance for doubtful accounts bullet   80,520 39,565 39,565
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) bullet238,170
Less: allowance for doubtful accounts bullet0 197,752 Click to see attachment238,170 238,170
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 5,454 9,249 9,249
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 95,093,652 Click to see attachment83,734,133 83,734,133
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).......... 982,117 Click to see attachment510,735 510,735
14 Land, buildings, and equipment: basis bullet63,904
Less: accumulated depreciation (attach schedule) bullet49,309 16,521 Click to see attachment14,595 14,595
15 Other assets (describe bullet) Click to see attachment13,240 Click to see attachment13,240 Click to see attachment13,240
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 96,497,310 84,829,524 84,829,524
Liabilities 17 Accounts payable and accrued expenses.......... 30,588 31,277
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 30,588 31,277
Net Assets or Fund Balances Foundations that follow SFAS 117, check here bullet
and complete lines 24 through 26 and lines 30 and 31.
24 Unrestricted.................. 96,466,722 84,798,247
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 96,466,722 84,798,247
31 Total liabilities and net assets/fund balances (see instructions). 96,497,310 84,829,524
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............
1
96,466,722
2
Enter amount from Part I, line 27a .....................
2
-233,586
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,018
4
Add lines 1, 2, and 3 ..........................
4
96,235,154
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
11,436,907
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
84,798,247
Form 990-PF (2018)
Form 990-PF (2018)
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 SIGULER GUFF II - K-1 SHORT TERM P   2018-12-31
b SIGULER GUFF II - K-1 LONG TERM P   2018-12-31
c SIGULER GUFF III - K-1 SHORT TERM P   2018-12-31
d SIGULER GUFF III - K-1 LONG TERM P   2018-12-31
e SIGULER GUFF DISTRESSED OPPORTUNITIES FUND III LP - K-1 SECTION 1231 GAIN P   2018-12-31
ABERDEEN SMALL CO FUND - K-1 SHORT TERM P   2018-12-31
ABERDEEN SMALL CO FUND - K-1 LONG TERM P   2018-12-31
IR&M CORE BOND FUND II - K-1 SHORT TERM P   2018-12-31
IR&M CORE BOND FUND II - K-1 LONG TERM P   2018-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 SECTION 1256 GAINS - NET SHORT TERM P   2018-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 SECTION 1256 GAINS - NET LONG TERM P   2018-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 SHORT TERM P   2018-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 LONG TERM P   2018-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 SECTION 1231 GAIN P   2018-12-31
HEITMAN AMERICA REAL ESTATE - K-1 NET LONG TERM P   2018-12-31
BOSTON PARTNERS GLOBAL EQUITY - K-1 SECTION 1256 GAIN - NET SHORT TERM P   2018-12-31
BOSTON PARTNERS GLOBAL EQUITY - K-1 SECTION 1256 GAIN - NET SHORT TERM P   2018-12-31
BOSTON PARTNERS GLOBAL EQUITY FUND - K-1 - NET SHORT TERM P   2018-12-31
BOSTON PARTNERS GLOBAL EQUITY FUND - K-1 - NET LONG TERM P   2018-12-31
PARAMETRIC DEFENSIVE EQUITY FUND 1256 GAIN - NET SHORT TERM P   2018-12-31
PARAMETRIC DEFENSIVE EQUITY FUND 1256 GAIN - NET LONG TERM P   2018-12-31
PARAMETRIC DEFENSIVE EQUITY FUND - K-1 - NET SHORT TERM P   2018-12-31
LAZARD EMERGING MARKETS SMALL CAP EQUITY TRUST - K-1 - NET SHORT TERM P   2018-12-31
LAZARD EMERGING MARKETS SMALL CAP EQUITY TRUST - K-1 - NET LONG TERM P   2018-12-31
KABOUTER INTERNATIONAL OPPORTUNITIES OFFSHORE FUND II, LTD - NET LONG TERM P   2018-12-31
GLENDOWER CAPITAL SOF IV, LP - NET LONG TERM P   2018-12-31
INVESCO DB COMMODITY 1256 GAIN - NET SHORT TERM P   2018-12-31
INVESCO DB COMMODITY 1256 GAIN - NET SHORT TERM P   2018-12-31
INVESCO DB COMMODITY - K-1 - NET SHORT TERM P   2018-12-31
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - HOUSE ACCOUNT P   2018-12-31
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - RANGER SMA ACCOUNT P   2018-12-31
DISPOSAL OF DELL OPTIPLEX 9020 P 2014-05-15 2018-12-31
DISPOSAL OF IPHONE P 2014-01-24 2018-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,551     1,551
b 2,738     2,738
c 1,417     1,417
d     99,602 -99,602
e 6     6
3,345     3,345
43,841     43,841
    38,471 -38,471
    20,791 -20,791
190     190
285     285
    43,957 -43,957
341,969     341,969
3,275     3,275
1     1
376     376
565     565
32,725     32,725
416,111     416,111
    1,602 -1,602
    2,404 -2,404
10,336     10,336
    28,183 -28,183
5,485     5,485
28,293     28,293
10,474     10,474
    1,375 -1,375
    2,063 -2,063
    126 -126
9,275,285   7,269,587 2,005,698
375,618   440,009 -64,391
  1,641 1,741 -100
  749 776 -27
776,783     776,783
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       1,551
b       2,738
c       1,417
d       -99,602
e       6
      3,345
      43,841
      -38,471
      -20,791
      190
      285
      -43,957
      341,969
      3,275
      1
      376
      565
      32,725
      416,111
      -1,602
      -2,404
      10,336
      -28,183
      5,485
      28,293
      10,474
      -1,375
      -2,063
      -126
      2,005,698
      -64,391
      -100
      -27
      776,783
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,382,372
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))
2017 4,068,305 91,094,449 0.044660
2016 4,225,080 86,845,977 0.048650
2015 4,431,058 88,311,045 0.050176
2014 4,466,992 85,696,224 0.052126
2013 4,247,210 81,282,971 0.052252
2
Total of line 1, column (d) .....................
2
0.247864
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
0.049573
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
94,177,820
5
Multiply line 4 by line 3......................
5
4,668,677
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
43,434
7
Add lines 5 and 6........................
7
4,712,111
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,577,322
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 (2018)
Form 990-PF (2018)
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 86,869
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 86,869
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 86,869
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 25,000
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 75,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 100,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 2,282
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 10,849
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet10,849 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? 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 (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.KENDALL.ORG
    14
    The books are in care ofbulletJOHN MCCRAE Telephone no.bullet (617) 951-2525

    Located atbullet176 FEDERAL STREETBOSTONMA ZIP+4bullet02110
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —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 2018, 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 2018?.............
    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 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    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 2018 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 2018.)..................
    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 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
     
     
    .........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
     
     
    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
    JOHN P KENDALL TRUSTEE
    2.00     		0 0 0
    176 FEDERAL STREET
    BOSTON,MA02110
    ANDREW W KENDALL TRUSTEE/EXECUTIVE DIRECTOR
    40.00     		379,894 54,352 0
    176 FEDERAL STREET
    BOSTON,MA02110
    PHOEBE S WINDER TRUSTEE
    2.00     		0 0 0
    176 FEDERAL STREET
    BOSTON,MA02110
    KENNETH F MEYERS TRUSTEE
    2.00     		0 0 0
    176 FEDERAL STREET
    BOSTON,MA02110
    TORE C NELSON TRUSTEE
    2.00     		0 0 0
    176 FEDERAL STREET
    BOSTON,MA02110
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    KALILLA BOOKER-CASSANO PROGRAM ASSISTANT
    40.00     		56,450 14,003 0
    176 FEDERAL STREET
    BOSTON,MA02110
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    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
    ADAMEC COMMUNICATIONS CONSULTANTS 132,500
    74 HOWE STREET
    ASHLAND,MA01721
    ABERDEEN SMALLER COMPANY INVESTMENT MANAGEMENT 86,493
    ONE BEACON STREET
    BOSTON,MA02108
    NORTHBOUND VENTURES LLC CONSULTANTS 64,165
    66 RAYMOND AVENUE
    SOMERVILLE,MA02144
    NEPC LLC INVESTMENT MANAGEMENT 59,632
    255 STATE STREET
    BOSTON,MA02109
    HEITMAN AMER REAL ESTATE FUND INVESTMENT MANAGEMENT 54,065
    C/O HEITMAN LLC 191 NORTH WACKER
    DRIVE 2500
    CHICAGO,IL60606
    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 (2018)
    Form 990-PF (2018)
    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
    95,013,128
    b
    Average of monthly cash balances.......................
    1b
    502,680
    c
    Fair market value of all other assets (see instructions)................
    1c
    96,192
    d
    Total (add lines 1a, b, and c).........................
    1d
    95,612,000
    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
    95,612,000
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,434,180
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    94,177,820
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,708,891
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    4,708,891
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    86,869
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    86,869
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,622,022
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,622,022
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    4,622,022
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    4,575,271
    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
    2,051
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    4,577,322
    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
    4,577,322
    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 (2018)
    Form 990-PF (2018)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2017     		(c)
    2017     		(d)
    2018
    1 Distributable amount for 2018 from Part XI, line 7 4,622,022
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 50,133
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015...... 50,024
    d From 2016......  
    e From 2017...... 552,349
    fTotal of lines 3a through e........ 602,373
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 4,577,322
    a Applied to 2017, but not more than line 2a 50,133
    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 2018 distributable amount..... 4,527,189
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 94,833 94,833
    (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 5 507,540
    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 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		507,540
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017.... 507,540
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    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 2018, 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) 2018 (b) 2017 (c) 2016 (d) 2015
             
    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).)
    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 (2018)
    Form 990-PF (2018)
    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
    AMHERST COLLEGE
    220 SOUTH PLEASANT STREET
    AMHERST,MA01002     		NO RELATIONSHIP PC TO SUPPORT A DINING PROGRAM FOR IMPROVING THE COLLEGE'S USE OF LOCAL FOODS 50,000
    BOSTON PUBLIC MARKET ASSOCIATION
    100 HANOVER STREET
    BOSTON,MA02108     		NO RELATIONSHIP PC TO PROVIDE RESOURCES FOR A RETAIL CONSULTANT SPECIALIZING IN URBAN DESIGN 10,000
    BOSTON PUBLIC SCHOOLS
    370 COLUMBIA ROAD
    BOSTON,MA02128     		NO RELATIONSHIP PC TO ACCELERATE THE USE OF FRESH, LOCAL, SUSTAINABLE FOODS IN CITY-WIDE FOOD SERVICE OPERATIONS 235,500
    CITY OF CHICOPEE
    650 FRONT STREET
    CHICOPEE,MA01013     		NO RELATIONSHIP PC TO SUPPORT CHICOPEEFRESH IN PEER MENTORING AND TRAINING OTHER SCHOOLS IN MASSACHUSETTS 50,000
    FARM FRESH RHODE ISLAND
    1005 MAIN ST 1220
    PAWTUCKET,RI02860     		NO RELATIONSHIP PC TO CREATE A ROADMAP FOR RHODE ISLAND'S FARM TO SCHOOL PROGRAM 9,750
    FOODCORPS
    1140 SE 7TH AVE SUITE 110
    PORTLAND,OR97214     		NO RELATIONSHIP PC TO SUPPORT THE FOODCORPS MASSACHUSETTS PROGRAM TO TRANSFORM SCHOOLS' FOOD PROCUREMENT AND PREPARATION 50,000
    FRANKLIN COUNTY COMMUNITY DEV CORP
    324 WELLS ST
    GREENFIELD,MA01301     		NO RELATIONSHIP PC TO PROVIDE STAFF SUPPORT TO WORK WITH A NETWORK OF FARMING ORGANIZATIONS ON AGRICULTURAL ADVOCACY 50,000
    HARVARD UNIVERSITY DINING SERVICES
    65-67 WINTHROP STREET
    CAMBRIDGE,MA02138     		NO RELATIONSHIP PC TO EXPAND FARMLAND RESOURCES AND THE GROWING AND STORING OF HIGH-VOLUME CROPS HARVESTED IN NEW ENGLAND 250,000
    HEALTHY COMMUNITIES OF THE CAPITAL AREA
    11 MECHANIC STREET SUITE 101
    GARDINER,ME04345     		NO RELATIONSHIP PC TO SUPPORT A FULL-TIME STAFF POSITION TO LEAD THE IMPLEMENTATION OF RECENTLY-COMPLETED STRATEGIC PLAN 50,000
    INNOVATION NETWORK FOR COMMUNITIES
    PO BOX 397
    BEAVER ISLAND,MI49782     		NO RELATIONSHIP PC TO SUPPORT THE BOSTON GREEN RIBBON COMMISSION AND HELP LAUNCH ITS 80X50 DEEP DECARBONIZATION PATHWAYS PROJECT 25,000
    JOHN MERCK FUND
    31 ST JAMES AVE SUITE 888
    BOSTON,MA02116     		NO RELATIONSHIP PC TO AUGMENT THE REGIONAL FOOD SYSTEMS CAPACITY-BUILDING GRANTS PROGRAM 150,000
    MASSACHUSETTS MARITIME ACADEMY FOUNDATION INC
    10 ACADEMY DRIVE
    BUZZARDS BAY,MA02532     		NO RELATIONSHIP PC TO BROADEN THE KNOWLEDGE AND EDUCATION OF THE PUBLIC TO HELP AS A SUSTAINABLE AND HEALTHY FOOD SOURCE 250,000
    RHODE ISLAND SCHOOL OF DESIGN
    2 COLLEGE STREET
    PROVIDENCE,RI02903     		NO RELATIONSHIP PC TO DEVELOP LOCAL PRODUCTS FOR FARM FRESH RHODE ISLAND SPECIFICALLY TARGETED TO LARGE VOLUME NEEDS OF INSTITUTIONAL DINING SERVICES 250,000
    SHELBURNE FARMS
    1611 HARBOR RD
    SHELBURNE,VT05482     		NO RELATIONSHIP PC TO ADVANCE STRATEGIC ACTIVITIES TOWARDS EXPANDING FARM TO SCHOOL PROGRAMS IN THE NORTHEAST 100,000
    SMITH COLLEGE
    10 ELM STREET
    NORTHAMPTON,MA01063     		NO RELATIONSHIP PC 1. TO HIRE AN EXECUTIVE CHEF TO ACCELERATE THE DEVELOPMENT OF A SUSTAINABLE FOOD PROGRAM PROMOTING HEALTH AND LOCAL SOURCING 2. TO INCREASE THE DIRECT PURCHASE OF BEEF AND PORK FROM NEW ENGLAND FARMERS AND ENGAGE REGIONAL PROCESSERS 364,736
    SPRINGFIELD PUBLIC SCHOOLS
    1550 MAIN STREET
    SPRINGFIELD,MA01103     		NO RELATIONSHIP PC TO DEVELOP AND SUSTAIN COMMUNITY ENGAGEMENT IN A NEW CULINARY & NUTRITION CENTER 150,000
    THE FOOD VOICE
    207 WASHINGTON STREET
    BROOKLINE,MA02445     		NO RELATIONSHIP PC TO PROVIDE OPERATING SUPPORT FOR THEIR FIRST YEAR OF OPERATIONS 25,000
    THIRD SECTOR NEW ENGLAND
    89 SOUTH STREET 700
    BOSTON,MA02111     		NO RELATIONSHIP PC 1. TO EXPAND THE FARM TO SCHOOL INSTITUTE AND INCREASE ENGAGEMENT WITH MASSACHUSETTS SCHOOL DISTRICTS 2. TO MOBILIZE INSTITUTIONS IN THE TRANSFORMATION OF NEW ENGLAND'S FOOD SYSTEM 3. TO HELP IDENTIFY OPPORTUNITIES TO IMPROVE THE STATEWIDE FARM TO SCHOOL POLICY ENVIRONMENT 300,000
    TRUSTEES OF BOSTON COLLEGE
    140 COMMONWEALTH AVENUE
    CHESTNUT HILL,MA02467     		NO RELATIONSHIP PC TO DEVELOP A ROBUST REGIONAL AND SUSTAINABLE FOOD SERVICE PROGRAM AND INTERACTIVE FOOD SYSTEMS CLASSROOM 141,422
    UNIVERSITY OF CONNECTICUT FOUNDATION INC
    2390 ALUMNI DRIVE UNIT 3206
    STORRS,CT06269     		NO RELATIONSHIP PC 1. TO ASSIST THE STATE'S FARM TO SCHOOL NETWORK IN DEVELOPING A GROWTH STRATEGY 2. TO SUPPORT STRATEGIC PLANNING AND IMPLEMENTATION OF FARM TO SCHOOL PROGRAMMING IN CONNECTICUT 131,300
    UNIVERSITY OF MASSACHUSETTS DARTMOUTH FOUNDATION INC
    285 OLD WEST PORT ROAD
    DARTMOUTH,MA02747     		NO RELATIONSHIP PC TO PROMOTE LOCAL, ABUNDANT UNDERUTILIZED FISH AND INCORPORATE THESE SPECIES INTO NEW ENGLAND COLLEGES' MENU PROGRAMMING 250,000
    UNIVERSITY OF NEW HAMPSHIRE FOUNDATION
    131 MAIN STREET
    DURHAM,NH03824     		NO RELATIONSHIP PC 1. TO SUPPORT KEY BACKBONE FUNCTIONS OF THE FOOD SOLUTIONS NEW ENGLAND NETWORK 2. TO SUPPORT THE UNH SUSTAINABILITY INSTITUTE AS A BACKBONE ORGANIZATION FOR THE GROWING NEW HAMPSHIRE FOOD ALLIANCE 3. TO SUPPORT CAPACITY-BUILDING EFFORTS INCLUDING PROFESIONAL DEVELOPMENT, COMMUNITY COORDINATION AND TECHNICAL SUPPORT 320,000
    URBAN FARMING INSTITUE OF BOSTON INC
    487 R NORFOLK STREET
    MATTAPAN,MA02126     		NO RELATIONSHIP PC TO PROVIDE UNRESTRICTED OPERATING FUNDS 10,000
    URBAN FOOD INITIATIVE
    54 WILDE ROAD
    WABAN,MA02468     		NO RELATIONSHIP PC TO PROVIDE ADDITIONAL SUPPORT FOR THE RECENTLY-OPENED SECOND BOSTON STORE LOCATION 200,000
    VERMONT SUSTAINABLE JOBS FUND
    3 PITKIN COURT SUITE 301E
    MONTPELIER,VT05602     		NO RELATIONSHIP PC TO SUPPORT THE VERMONT FARM TO PLATE STATEWIDE NETWORK 75,000
    Total .................................bullet 3a 3,497,708
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 1,791,334  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 201,027  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 3,385,935  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 5,378,296 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    5,378,296
    (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 (2018)
    Form 990-PF (2018)
    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 (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 30,000 15,000   15,000

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

    TY 2018 AmortizationSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    COMPUTER EQUIPMENT - 2017 2017-03-24 399 255 36.000000000000 66 0   321

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    TY 2018 DepreciationSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER EQUIPMENT 2003 - 2008 2006-12-31 3,343 3,343 200DB 5.000000000000 0 0    
    COMPUTER EQUIPMENT - 2010 2010-12-31 5,563 5,563 200DB 5.000000000000 0 0    
    COMPUTER EQUIPMENT - 2011 2011-12-31 5,223 5,223 200DB 5.000000000000 0 0    
    LEASEHOLD IMPROVEMENTS 2003-06-01 21,795 8,151 SL 39.000000000000 559 0    
    FURNITURE & FIXTURES 2002-07-01 6,740 6,740 200DB 7.000000000000 0 0    
    FURNITURE & FIXTURES 2006-05-02 2,572 2,572 200DB 7.000000000000 0 0    
    FURNITURE & FIXTURES 2008-08-15 2,216 2,216 200DB 7.000000000000 0 0    
    COMPUTER EQUIPMENT - 2013 2013-11-22 947 428 200DB 5.000000000000 45 0    
    COMPUTER EQUIPMENT - 2014 2014-05-15 1,114 460 200DB 5.000000000000 65 0    
    COMPUTER EQUIPMENT - 2014 2014-12-01 1,716 709 200DB 5.000000000000 99 0    
    COMPUTER EQUIPMENT - 2014 2014-01-24 776 346 200DB 5.000000000000 14 0    
    COMPUTER EQUIPMENT - 2015 2015-04-01 2,122 756 200DB 5.000000000000 122 0    
    COMPUTER EQUIPMENT - 2016 2016-04-18 2,241 582 200DB 5.000000000000 215 0    
    COMPUTER EQUIPMENT - 2016 2016-05-17 5,863 1,524 200DB 5.000000000000 563 0    
    COMPUTER EQUIPMENT - 2018 2018-12-19 2,050   200DB 5.000000000000 2,050 0    
    COMPUTER EQUIPMENT - 2014 2014-05-15 1,741 720 200DB 5.000000000000 50 0    

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SECURITIES, FIXED INCOME & MUTUAL FUNDS 83,734,133 83,734,133

    TY 2018 InvestmentsOtherSchedule2
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LITTLE LEAF FARMS LLC AT COST 510,735 510,735

    TY 2018 LandEtcSchedule2
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 2003 - 2008 3,343 3,343 0  
    COMPUTER EQUIPMENT - 2010 5,563 5,563 0  
    COMPUTER EQUIPMENT - 2011 5,223 5,223 0  
    LEASEHOLD IMPROVEMENTS 21,795 8,710 13,085  
    FURNITURE & FIXTURES 6,740 6,740 0  
    FURNITURE & FIXTURES 2,572 2,572 0  
    FURNITURE & FIXTURES 2,216 2,216 0  
    COMPUTER EQUIPMENT - 2013 947 947 0  
    COMPUTER EQUIPMENT - 2014 1,114 1,082 32  
    COMPUTER EQUIPMENT - 2014 1,716 1,666 50  
    COMPUTER EQUIPMENT - 2015 2,122 1,939 183  
    COMPUTER EQUIPMENT - 2016 2,241 1,918 323  
    COMPUTER EQUIPMENT - 2016 5,863 5,019 844  
    COMPUTER EQUIPMENT - 2017 399 321 78  
    COMPUTER EQUIPMENT - 2018 2,050 2,050 0  


    TY 2018 LegalFeesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 5,816 0   5,816


    TY 2018 OtherAssetsSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSITS 13,240 13,240 13,240


    TY 2018 OtherDecreasesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Amount
    NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS AND LIMITED PARTNERSHIPS 11,436,907


    TY 2018 OtherExpensesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER EXPENSE 19,477 0   19,477
    OFFICE EXPENSE 15,410 0   15,410
    POSTAGE & DELIVERY 868 0   868
    PROGRAM EXPENSES 34,228 0   34,228
    TELEPHONE & INTERNET 68,198 0   68,198
    SHARON PROPERTY COSTS 919 0   919
    DEDUCTIONS FROM SIGULER GUFF II K-1 5,173 5,173   0
    DEDUCTIONS FROM SIGULER GUFF III K-1 7,107 7,107   0
    DEDUCTIONS FROM INVESCO DB COMMODITY INDEX TRACKING FUND K-1 0 293   0
    DEDUCTIONS FROM ABERDEEN EMERGING MARKETS SMALL COMPANY K-1 15,454 15,454   0
    DEDUCTIONS FROM IR&M CORE BOND FUND II K-1 7,982 7,982   0
    INSURANCE 4,503 0   4,503
    DEDUCTIONS FROM CANYON VALUE REALIZATION K-1 145,160 145,160   0
    DEDUCTIONS FROM HEITMAN AMERICA REAL ESTATE TRUST K-1 31 31   0
    DEDUCTIONS FROM BOSTON PARTNERS GLOBAL EQUITY FUND K-1 71,234 71,234   0
    DEDUCTIONS FROM PARAMETRIC DEFENSIVE EQUITY FUND K-1 8,726 8,726   0
    DEDUCTIONS FROM HIGHBAR PARTNERS III K-1 19,337 19,337   0
    DEDUCTIONS FROM LITTLE LEAF FARM LLC K-1 471,682 471,682   0
    DEDUCTIONS FROM LAZARD EMERGING MARKETS SMALL CAP EQUITY TRUST K-1 5,747 5,747   0
    AMORTIZATION 66 0   0


    TY 2018 OtherIncomeSchedule2
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SIGULER GUFF DISTRESSED OPPORTUNITIES FUND II, LP - K-1 -781 -781 -781
    SIGULER GUFF DISTRESSED OPPORTUNITIES FUND III, LP - K-1 -3,585 -3,585 -3,585
    CRESCENT DIRECT LENDING FUND, LP - K-1 126,649 126,649 126,649
    ENTERPRISE PRODUCTS PARTNERS L.P. - K-1 0 1,124 0
    ABERDEEN SMALLER COMPANY FUND 6,996 6,996 6,996
    MISCELLANEOUS INCOME 845 845 845
    CANYON VALUE REALIZATION 30,074 30,074 30,074
    IR&M CORE BOND FUND II 34 34 34
    BOSTON PARTNERS GLOBAL EQUITY 447 447 447
    LAZARD EMERGING MARKETS SMALL CAP EQUITY TRUST 30,036 30,036 30,036
    KABOUTER INTERNATIONAL OPPORTUNITIES OFFSHORE FUND II, LTD 41,772 41,772 41,772
    GLENDWOER SOF IV -31,460 -31,460 -31,460
    ENTERPRISE PRODUCTS PARTNERS L.P. - K-1 0 20 0


    TY 2018 OtherIncreasesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Amount
    OTHER DIFFERENCES AS REPORTED ON K-1 PASS-THROUGH ENTITIES 2,018


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    TY 2018 OtherNotesLoansRcvblLongSch
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    FAIR FOOD FUND NONE 125,000 134,375 2013-11 2020-11 LUMP SUM, INCLUDING ACCRUED INTEREST 150.0000000000 %   PROGRAM-RELATED INVESTMENT CASH 125,000
    PIONEER VALLEY GROWS RISK CAPITAL POOL NONE 25,000 26,741 2015-12 2021-12 LUMP SUM, INCLUDING ACCRUED INTEREST 0 %   PROGRAM-RELATED INVESTMENT CASH 25,000
    PIONEER VALLEY GROWS PATIENT CAPITAL POOL NONE 37,500 39,094 2015-12 2018-07 LUMP SUM, INCLUDING ACCRUED INTEREST 400.0000000000 %   PROGRAM-RELATED INVESTMENT CASH 37,500
    PIONEER VALLEY GROWS PATIENT CAPITAL POOL NONE 37,500 37,960 2018-09 2026-09   400.0000000000 %   PROGRAM-RELATED INVESTMENT CASH 37,500

    TY 2018 OtherProfessionalFeesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ALLOCABLE CONSULTING FEES 284,052 59,362   224,690
    INVESTMENT MANAGEMENT FEES 162,947 162,947   0
    CUSTODIAN FEES 37,821 37,821   0


    TY 2018 TaxesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MASSACHUSETTS ANNUAL REPORT - FORM PC 500 0   500
    FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 55,000 0   55,000