Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
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
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$96,497,310J 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... 1,878,795 1,879,043  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,529,035
b Gross sales price for all assets on line 6a 18,419,129
7 Capital gain net income (from Part IV, line 2)... 2,529,025
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 92,680 93,857  
12 Total. Add lines 1 through 11........ 4,500,510 4,501,925  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 352,509 0   352,509
14 Other employee salaries and wages...... 187,973 0   187,973
15 Pension plans, employee benefits....... 113,582 0   113,852
16a Legal fees (attach schedule)......... Click to see attachment 21,248 16,523   4,725
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 286,693 283,693   3,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 500 0   500
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,402 0  
20 Occupancy.............. 101,543 0   101,543
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 424,052 310,009   114,040
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,520,502 625,225   893,142
25 Contributions, gifts, grants paid....... 3,174,764 3,174,764
26 Total expenses and disbursements. Add lines 24 and 25 4,695,266 625,225   4,067,906
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -194,756
b Net investment income (if negative, enter -0-) 3,876,700
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............. 403,575 108,054 108,054
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet80,520
Less: allowance for doubtful accounts bullet   3,175,450 80,520 80,520
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) bullet197,752
Less: allowance for doubtful accounts bullet0 195,310 Click to see attachment197,752 197,752
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 8,873 5,454 5,454
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 83,498,658 Click to see attachment95,093,652 95,093,652
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).......... 0 Click to see attachment982,117 982,117
14 Land, buildings, and equipment: basis bullet64,371
Less: accumulated depreciation (attach schedule) bullet47,850 18,779 Click to see attachment16,521 16,521
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) 87,313,885 96,497,310 96,497,310
Liabilities 17 Accounts payable and accrued expenses.......... 31,305 30,588
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)......... 31,305 30,588
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 87,282,580 96,466,722
30 Total liabilities and net assets/fund balances (see instructions). 87,313,885 96,497,310
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
87,282,580
2
Enter amount from Part I, line 27a .....................
2
-194,756
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
9,392,647
4
Add lines 1, 2, and 3 ..........................
4
96,480,471
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
13,749
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
96,466,722
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 SIGULER GUFF II - K-1 SHORT TERM P   2017-12-31
b SIGULER GUFF II - K-1 LONG TERM P   2017-12-31
c SIGULER GUFF DISTRESSED OPPORTUNITIES FUND II LP - K-1 SECTION 1231 GAIN P   2017-12-31
d SIGULER GUFF III - K-1 SHORT TERM P   2017-12-31
e SIGULER GUFF III - K-1 LONG TERM P   2017-12-31
SIGULER GUFF DISTRESSED OPPORTUNITIES FUND III LP - K-1 SECTION 1231 GAIN P   2017-12-31
CRESCENT DIRECT LENDING - K-1 SHORT TERM P   2017-12-31
CRESCENT DIRECT LENDING - K-1 LONG TERM P   2017-12-31
ABERDEEN SMALL CO FUND - K-1 SHORT TERM P   2017-12-31
ABERDEEN SMALL CO FUND - K-1 LONG TERM P   2017-12-31
IR&M CORE BOND FUND II - K-1 SHORT TERM P   2017-12-31
IR&M CORE BOND FUND II - K-1 LONG TERM P   2017-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 SECTION 1256 GAINS - NET SHORT TERM P   2017-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 SECTION 1256 GAINS - NET LONG TERM P   2017-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 SHORT TERM P   2017-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 LONG TERM P   2017-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 SECTION 1231 GAIN P   2017-12-31
BOSTON PARTNERS GLOBAL EQUITY - K-1 SECTION 1256 GAIN - NET SHORT TERM P   2017-12-31
BOSTON PARTNERS GLOBAL EQUITY - K-1 SECTION 1256 GAIN - NET LONG TERM P   2017-12-31
BOSTON PARTNERS GLOBAL EQUITY FUND - K-1 - NET SHORT TERM P   2017-12-31
BOSTON PARTNERS GLOBAL EQUITY FUND - K-1 - NET LONG TERM P   2017-12-31
PARAMETRIC DEFENSIVE EQUITY FUND 1256 GAIN - NET SHORT TERM P   2017-12-31
PARAMETRIC DEFENSIVE EQUITY FUND 1256 GAIN - NET LONG TERM P   2017-12-31
PARAMETRIC DEFENSIVE EQUITY FUND - K-1 - NET SHORT TERM P   2017-12-31
HEITMAN AMERICA REAL ESTATE - K-1 NET LONG TERM P   2017-12-31
ENTERPRISE PRODUCTS PARTNERS - K-1 SECTION 1231 LOSS P   2017-12-31
PUBLICLY TRADED SECURITIES - FIDUCIARY TRUST - HOUSE ACCOUNT P   2017-12-31
PUBLICLY TRADED SECURITIES - FIDUCIARY TRUST - HOUSE ACCOUNT P   2017-12-31
LITTLE LEAF FARM LLC - K-1 SECTION 1231 LOSS P   2017-12-31
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     4,603 -4,603
b 9,195     9,195
c     619 -619
d     49 -49
e 52,605     52,605
38     38
178     178
    53,903 -53,903
8,441     8,441
315,904     315,904
    14,062 -14,062
    41,707 -41,707
    10,034 -10,034
    15,051 -15,051
    139,682 -139,682
287,262     287,262
8,726     8,726
864     864
1,297     1,297
278,602     278,602
330,946     330,946
16,068     16,068
24,102     24,102
378     378
23,448     23,448
    10 -10
1,550,155   1,571,546 -21,391
14,950,111   14,038,825 911,286
    13 -13
560,809     560,809
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       -4,603
b       9,195
c       -619
d       -49
e       52,605
      38
      178
      -53,903
      8,441
      315,904
      -14,062
      -41,707
      -10,034
      -15,051
      -139,682
      287,262
      8,726
      864
      1,297
      278,602
      330,946
      16,068
      24,102
      378
      23,448
      -10
      -21,391
      911,286
      -13
      560,809
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,529,025
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 4,225,080 86,845,977 0.048650
2017 4,431,058 88,311,045 0.050176
2016 4,466,992 85,696,224 0.052126
2015 4,247,210 81,282,971 0.052252
2014 4,552,611 75,974,081 0.059923
2
Total of line 1, column (d) .....................
2
0.263127
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
0.052625
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
91,094,449
5
Multiply line 4 by line 3......................
5
4,793,845
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
38,767
7
Add lines 5 and 6........................
7
4,832,612
8
Enter qualifying distributions from Part XII, line 4,.............
8
4,068,305
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 77,534
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 77,534
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 77,534
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 48,041
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 78,041
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 626
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 119
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 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 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
     
     
    .........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     		352,509 49,316 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
    COURTNEY J BOURNS SENIOR PROGRAM OFFIC
    40.00     		136,173 26,989 0
    176 FEDERAL STREET
    BOSTON,MA02110
    KALILLA BOOKER-CASSANO PROGRAM ASSISTANT
    40.00     		47,000 12,214 0
    176 FEDERAL STREET
    BOSTON,MA02110
    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
    NEPC LLC INVESTMENT MANAGEMENT 71,626
    255 STATE STREET
    BOSTON,MA02109
    ABERDEEN SMALLER COMPANY INVESTMENT MANAGEMENT 52,938
    ONE BEACON STREET
    BOSTON,MA02108
    HEITMAN AMER REAL ESTATE FUND INVESTMENT MANAGEMENT 52,003
    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 (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
    90,475,690
    b
    Average of monthly cash balances.......................
    1b
    339,945
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,666,039
    d
    Total (add lines 1a, b, and c).........................
    1d
    92,481,674
    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
    92,481,674
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,387,225
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    91,094,449
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,554,722
    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
    4,554,722
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    77,534
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    77,534
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,477,188
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,477,188
    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
    4,477,188
    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
    4,067,906
    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
    399
    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
    4,068,305
    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
    4,068,305
    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 4,477,188
    2 Undistributed income, if any, as of the end of 2019:
    a Enter amount for 2018 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2019:
    a From 2014...... 308,726
    b From 2015......  
    c From 2016......  
    d From 2017...... 50,024
    e From 2018......  
    fTotal of lines 3a through e........ 358,750
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 4,068,305
    a Applied to 2018, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2019 distributable amount..... 4,068,305
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 358,750 358,750
    (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 ..........     		50,133
    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).)
    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
    BOLTON WALKERS DBA JUST CAUSE WALK FOR BREAST CANCER
    PO BOX 132
    BOLTON,MA01740     		NO RELATIONSHIP PC TO SUPPORT "JUST CAUSE" WALK FOR BREAST CANCER. 10,000
    BOSTON PUBLIC SCHOOLS
    370 COLUMBIA ROAD
    BOSTON,MA02128     		NO RELATIONSHIP PC TO ASSIST WITH MEMBERSHIP IN THE URBAN SCHOOL FUND ALLIANCE 20,000
    CITY OF CHICOPEE
    650 FRONT STREET
    CHICOPEE,MA01013     		NO RELATIONSHIP PC TO EXPAND CHICOPEE'S LOCAL FOOD SOURCING EFFORTS AND BEGIN HELPING NEARBY SCHOOL DISTRICTS LAUNCH SIMILAR PROGRAMS 148,000
    COMMUNITY INVOLVED IN SUSTAINING AGRICULTURE - CISA
    ONE SUGARLOAF STREET
    SOUTH DEERFIELD,MA01373     		NO RELATIONSHIP PC TO ENSURE THE LONG-TERM VIABILITY OF SUSTAINABLE AGRICULTURE IN HAMPDEN COUNTY 75,000
    CONSERVATION LAW FOUNDATION
    62 SUMMER STREET
    BOSTON,MA02110     		NO RELATIONSHIP PC TO SUPPORT THE FARM AND FOOD INITIATIVE THROUGH THE LAUNCH OF THE LEGAL SERVICES FOOD HUB 50,000
    FARM FRESH RHODE ISLAND
    1005 MAIN ST 1220
    PAWTUCKET,RI02860     		NO RELATIONSHIP PC TO SUPPORT CAPACITY BUILDING ACTIVITIES AND THE RHODE ISLAND FOOD HUB 125,000
    FRANKLIN COUNTY COMMUNITY DEV CORP
    324 WELLS ST
    GREENFIELD,MA01301     		NO RELATIONSHIP PC 1. TO LAUNCH AND ADMINISTER THE PV GROWS INVESTMENT FUND FOR INVESTING IN A HEALTHIER FOOD SYSTEM 2. TO SUPPORT THE OPERATIONS OF THE MASSACHUSETTS FOOD PROCESSING CENTER TO EXPAND THE SUPPLY OF LOCALLY GROWN FOOD 3. TO SUPPORT THE IMPLEMENTATION OF THE MASSACHUSETTS LOCAL FOOD ACTION PLAN 4. TO ASSIST WITH THE COMPLETION OF A COLD STORAGE FACILITY TO OPTIMIZE OPERATIONS AND PROVIDE MORE LOCALLY GROWN FOOD TO WESTERN MASSACHUSETTS 180,000
    GROW SMART RHODE ISLAND
    235 PROMENADE ST SUITE 550
    PROVIDENCE,RI02908     		NO RELATIONSHIP PC TO PROMOTE AGRICULTURAL VITALITY AND STRENGTHEN RHODE ISLAND'S FOOD SYSTEM 40,000
    HAMPSHIRE COLLEGE
    893 WEST STREET
    AMHERST,MA01002     		NO RELATIONSHIP PC TO SUPPORT THE COLLEGE'S LOCAL PROCUREMENT PROCESS IN MEETING THE 100% LOCAL FOOD CHALLENGE 50,000
    HARTFORD FOOD SYSTEM INC
    86 PARK STREET 2ND FLOOR
    HARTFORD,CT06106     		NO RELATIONSHIP PC TO STRENGTHEN THE GROWTH AND DEVELOPMENT OF THE CONNECTICUT FOOD SYSTEM ALLIANCE 40,000
    HEALTH CARE WITHOUT HARM
    12355 SUNRISE VALLEY DR
    RESTON,VA20191     		NO RELATIONSHIP PC TO CONTINUE THE WORK OF LEVERAGING THE PURCHASING POWER OF HEALTH CARE IN SUPPORT OF A SUSTAINABLE REGIONAL FOOD SYSTEM 60,000
    INNOVATION NETWORK FOR COMMUNITIES
    PO BOX 397
    BEAVER ISLAND,MI49782     		NO RELATIONSHIP PC TO CONTINUE SUPPORT OF THE BOSTON GREEN RIBBON COMMISSION AND HELP LAUNCH ITS 80X50 DEEP DECARBONIZATION PATHWAYS PROJECT 25,000
    MOUNT HOLYOKE COLLEGE
    50 COLLEGE STREET
    SOUTH HADLEY,MA01075     		NO RELATIONSHIP PC TO ASSIST IN THE SEARCH FOR A NEW DIRECTOR OF DINING SERVICES AND REBUILD THE FOODSERVICE WEBSITE AND MARKETING MATERIALS 100,000
    RED TOMATO
    1033 TURNPIKE STREET
    CANTON,MA02021     		NO RELATIONSHIP PC GENERAL OPERATING SUPPORT FOR SUPPLYING REGIONALLY GROWN FOOD TO CONSUMERS IN THE NORTHEAST 75,000
    RI DEPT OF ENVIRONMENTAL MANAGEMENT
    235 PROMENADE ST
    PROVIDENCE,RI02908     		NO RELATIONSHIP PC TO SUPPORT THE DIRECTOR OF FOOD STRATEGY IN DEVELOPING A COMPREHENSIVE STATEWIDE FOOD SYSTEM PLAN 125,000
    SHELBURNE FARMS
    1611 HARBOR RD
    SHELBURNE,VT05482     		NO RELATIONSHIP PC TO SUPPORT THE NORTHEAST FARM-TO-SCHOOL COLLABORATIVE IN BUILDING REGION-WIDE CAPACITY ACROSS THE NORTHEAST 100,000
    SMITH COLLEGE
    10 ELM STREET
    NORTHAMPTON,MA01063     		NO RELATIONSHIP PC TO SUPPORT THE HIRING OF AN EXECUTIVE CHEF AND ACCELERATE THE DEVELOPMENT OF A SUSTAINABLE FOOD PROGRAM EMPHASIZING HEALTH, WELLNESS AND LOCAL FOOD SOURCING 117,000
    SOCIAL VENTURES PARTNERS RHODE ISLAND
    460 HARRIS AVE UNIT 303
    PROVIDENCE,RI02909     		NO RELATIONSHIP PC TO PROVIDE BUSINESS SUPPORT AND COACHING FOR ENTREPRENEURS IN RHODE ISLAND'S FOOD AND AGRICULTURE ENTERPRISES 25,000
    SPRINGFIELD PUBLIC SCHOOLS
    1550 MAIN STREET
    SPRINGFIELD,MA01103     		NO RELATIONSHIP PC 1. TO HELP PROVIDE 88 ACRES HEALTHY BREAKFAST BARS TO SPRINGFIELD STUDENTS 2. TO SUPPORT THE IMPLEMENTATION OF THE DISTRICT'S CULINARY AND NUTRITION CENTER 45,000
    THE TRUSTEES OF RESERVATIONS
    572 ESSEX STREET
    BEVERLY,MA01915     		NO RELATIONSHIP PC TO ASSIST IN LAUNCHING A BEEF OPERATION AT MOOSE HILL FARM 75,125
    THIRD SECTOR NEW ENGLAND
    89 SOUTH STREET 700
    BOSTON,MA02111     		NO RELATIONSHIP PC 1. TO SUPPORT THE GET REAL NEW ENGLAND PROGRAM IN INCREASING LOCAL, ECOLOGICALLY SOUND, FAIR AND HUMANE FOOD AT THE REGION'S COLLEGES AND UNIVERSITIES 2. TO SUPPORT THE RHODE ISLAND FOOD POLICY COUNCIL IN DEVELOPING A STATE FOOD PLAN AND ORGANIZATIONAL DEVELOPMENT 3. TO STRENGTHEN FARM-TO-SCHOOL PROGRAMS IN NEW ENGLAND THROUGH EXPANDED TRAINING AND TECHNICAL ASSISTANCE 4. TO SUPPORT PHASE I OF THE CAMPUS FOODSHIFT INITIATIVE 5. TO SUPPORT THE LEADERSHIP TRANSITION OF THE MAINE FOOD STRATEGY NETOWRK 455,000
    TRUSTEES OF BOSTON COLLEGE
    140 COMMONWEALTH AVENUE
    CHESTNUT HILL,MA02467     		NO RELATIONSHIP PC TO INCREASE STAFF CAPACITY WITHIN THE SUSTAINABLE FOOD SYSTEM INITIATIVE AND ACQUIRE MOBILE FOOD DEMONSTATION EQUIPMENT 162,639
    UNIVERSITY OF MASSACHUSETTS FOUNDATION
    225 FRANKLIN STREET
    BOSTON,MA02110     		NO RELATIONSHIP PC TO LEVERAGE BROADER INSTITUTIONAL CHANGE TOWARD ACHIEVING THE GOAL OF SOURCING MORE THAN 20% LOCAL AND SUSTAINABLE FOOD CAMPUS-WIDE BY 2020 275,000
    UNIVERSITY OF NEW HAMPSHIRE FOUNDATION
    131 MAIN STREET
    DURHAM,NH03824     		NO RELATIONSHIP PC 1. TO SUPPORT KEY LEADERSHIP AND COORDINATION FUNCTIONS OF THE FOOD SOLUTIONS NEW ENGLAND INITIATIVE 2. TO SUPPORT KEY FUNCTIONS OF THE FOOD SOLUTIONS NEW ENGLAND INITIATIVE 3. TO SUPPORT NEW ENGLAND'S NARRATIVE STATEGY 4. TO SUPPORT THE UNH SUSTAINABILITY INSTITUTE IN ITS WORK WITH THE NEW HAMPSHIRE FOOD ALLIANCE 345,000
    URBAN FOOD INITIATIVE
    54 WILDE ROAD
    WABAN,MA02468     		NO RELATIONSHIP PC TO PROVIDE GENERAL OPERATING SUPPORT FOR THE PILOT STORE AND CAPITAL FUNDS FOR THE EXPANSION TO A SECOND LOCATION IN BOSTON 252,000
    VERMONT SUSTAINABLE JOBS FUND
    3 PITKIN COURT SUITE 301E
    MONTPELIER,VT05602     		NO RELATIONSHIP PC TO SUPPORT THE VERMONT FARM-TO-PLATE NETWORK AND TECHNICAL ASSISTANCE TRAINING PROGRAM 75,000
    WESTFIELD STATE FOUNDATION INC
    577 WESTERN AVE
    WESTFIELD,MA01086     		NO RELATIONSHIP PC TO ASSIST WESTFIELD STATE COLLEGE TRANSITION FROM ITS CONTRACT FOOD SERVICE AND DEVELOP AN INDEPENDENT FOOD SERVICE PROGRAM 125,000
    Total .................................bullet 3a 3,174,764
    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 ...........     		         
    4 Dividends and interest from securities....     14 1,878,795  
    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 92,680  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,529,035  
    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 4,500,510 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,500,510
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (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:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2017 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 2017 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   36.000000000000 255 0   255

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    TY 2017 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 7,592 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 2013-11-22 947 376 200DB 5.000000000000 52 0    
    COMPUTER EQUIPMENT - 2014 2014-05-15 2,855 1,016 200DB 5.000000000000 164 0    
    COMPUTER EQUIPMENT - 2014 2014-12-01 1,716 610 200DB 5.000000000000 99 0    
    COMPUTER EQUIPMENT - 2014 2014-01-24 776 318 200DB 5.000000000000 28 0    
    COMPUTER EQUIPMENT - 2015 2015-04-01 2,122 552 200DB 5.000000000000 204 0    
    COMPUTER EQUIPMENT - 2016 2016-04-18 2,241 224 200DB 5.000000000000 358 0    
    COMPUTER EQUIPMENT - 2016 2016-05-17 5,863 586 200DB 5.000000000000 938 0    
    COMPUTER EQUIPMENT - 2010 2010-12-31 21,531 21,531 200DB 5.000000000000 0 0    

    TY 2017 GeneralExplanationAttachment
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Identifier Return Reference Explanation
    EXPLANATION FOR AMENDING FORM 990-PF & FORM 2220 THIS RETURN WAS AMENDED DUE TO THE LITTLE LEAF FARM INVESTMENT BEING CLASSIFIED AS A PROGRAM RELATED INVESTMENT ON THE ORIGINAL 2017 RETURN, WHEREAS IT SHOULD HAVE BEEN CLASSIFIED AS A TRADITIONAL INVESTMENT. THE FORMS THAT CHANGED BECAUSE OF THIS RECLASSIFICATION ARE AS FOLLOWS:FORM 990-PF PART II PART V PART VI PART IX-B PART XI PART XII PART XIIIFORM 2220THE AMOUNT INCLUDED IN FORM 990-PF; PART VI, LINE 7 ON THE ORIGINAL RETURN WAS AN OVERPAYMENT OF $39,274.

    TY 2017 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 95,093,652 95,093,652

    TY 2017 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 982,117 982,117

    TY 2017 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 8,151 13,644  
    FURNITURE & FIXTURES 6,740 6,740 0  
    FURNITURE & FIXTURES 2,572 2,572 0  
    FURNITURE & FIXTURES 2,216 2,216 0  
    COMPUTER EQUIPMENT - 2013 947 902 45  
    COMPUTER EQUIPMENT - 2014 2,855 2,608 247  
    COMPUTER EQUIPMENT - 2014 1,716 1,567 149  
    COMPUTER EQUIPMENT - 2014 776 734 42  
    COMPUTER EQUIPMENT - 2015 2,122 1,817 305  
    COMPUTER EQUIPMENT - 2016 2,241 1,703 538  
    COMPUTER EQUIPMENT - 2016 5,863 4,456 1,407  
    COMPUTER EQUIPMENT - 2017 399 255 144  


    TY 2017 LegalFeesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 21,248 16,523   4,725


    TY 2017 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 2017 OtherDecreasesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Amount
    OTHER DIFFERENCES AS REPORTED ON K-1 PASS-THROUGH ENTITIES 13,749


    TY 2017 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 16,749 0   16,749
    OFFICE EXPENSE 5,426 0   5,426
    POSTAGE & DELIVERY 921 0   921
    PROGRAM EXPENSES 33,416 0   33,416
    TELEPHONE & INTERNET 52,028 0   52,028
    SHARON PROPERTY COSTS 919 0   919
    DEDUCTIONS FROM SIGULER GUFF II K-1 7,290 7,290   0
    DEDUCTIONS FROM SIGULER GUFF III K-1 11,278 11,278   0
    DEDUCTIONS FROM POWERSHARES DB COMMODITY INDEX TRACKING FUND K-1 0 252   0
    DEDUCTIONS FROM ABERDEEN EMERGING MARKETS SMALL COMPANY K-1 12,373 12,373   0
    DEDUCTIONS FROM IR&M CORE BOND FUND II K-1 12,911 12,911   0
    DEDUCTIONS FROM CRESCENT DIRECT LENDING FUND K-1 16,221 16,221   0
    INSURANCE 4,581 0   4,581
    DEDUCTIONS FROM CANYON VALUE REALIZATION K-1 128,196 128,196   0
    DEDUCTIONS FROM HEITMAN AMERICA REAL ESTATE TRUST K-1 35 35   0
    DEDUCTIONS FROM BOSTON PARTNERS GLOBAL EQUITY FUND K-1 66,412 66,412   0
    DEDUCTIONS FROM PARAMETRIC DEFENSIVE EQUITY FUND K-1 6,835 6,835   0
    DEDUCTIONS FROM HIGHBAR PARTNERS III K-1 30,210 30,210   0
    DEDUCTIONS FROM LITTLE LEAF FARM LLC K-1 17,996 17,996   0
    AMORTIZATION 255 0   0


    TY 2017 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 8,195 8,195 8,195
    SIGULER GUFF DISTRESSED OPPORTUNITIES FUND III, LP - K-1 16,504 16,504 16,504
    CRESCENT DIRECT LENDING FUND, LP - K-1 20 20 20
    ENTERPRISE PRODUCTS PARTNERS L.P. - K-1 0 -202 0
    ABERDEEN SMALLER COMPANY FUND 926 926 926
    MISCELLANEOUS INCOME 44,898 44,898 44,898
    CANYON VALUE REALIZATION 21,099 21,099 21,099
    IR&M CORE BOND FUND II 1,038 1,038 1,038
    POWERSHARES DB COMMODITY INDEX TRACKING - K-1 0 1,379 0


    TY 2017 OtherIncreasesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Amount
    NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS AND LIMITED PARTNERSHIPS 9,392,647


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    TY 2017 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 125,000 132,500 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 26,158 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

    TY 2017 OtherProfessionalFeesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ALLOCABLE CONSULTING FEES 74,626 71,626   3,000
    INVESTMENT MANAGEMENT FEES 172,307 172,307   0
    CUSTODIAN FEES 39,760 39,760   0
    PROFESSIONAL DEVELOPMENT 0 0   0


    TY 2017 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