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
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
The Schooner Foundation
c/o Schooner Capital LLC
Number and street (or P.O. box number if mail is not delivered to street address)60 South Street Suite 1120
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02111
A Employer identification number

04-3347626
B Telephone number (see instructions)

(617) 963-5200
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$145,960,808J 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)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 165,388 165,388  
4 Dividends and interest from securities... 4,154,504 4,154,504  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,574,815
b Gross sales price for all assets on line 6a 19,811,625
7 Capital gain net income (from Part IV, line 2)... 9,574,815
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 1 1  
12 Total. Add lines 1 through 11........ 13,894,708 13,894,708  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 105,552 0   74,071
14 Other employee salaries and wages...... 1,636 0   1,227
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 2,204 0   0
b Accounting fees (attach schedule)....... Click to see attachment 17,978 0   9,033
c Other professional fees (attach schedule).... Click to see attachment 82,383 0   15,212
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 347,682 89,814   3,391
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,579 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 55,884 0   39,835
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 561,247 472,313   33,949
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,177,145 562,127   176,718
25 Contributions, gifts, grants paid....... 8,876,141 8,776,141
26 Total expenses and disbursements. Add lines 24 and 25 10,053,286 562,127   8,952,859
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,841,422
b Net investment income (if negative, enter -0-) 13,332,581
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.............      
2 Savings and temporary cash investments......... 60,202,943 50,317,046 50,317,046
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 54,215,897 Click to see attachment46,571,355 46,571,355
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).......... 48,156,364 Click to see attachment47,481,559 47,481,559
14 Land, buildings, and equipment: basis bullet25,351
Less: accumulated depreciation (attach schedule) bullet13,255 6,105 Click to see attachment12,096 12,096
15 Other assets (describe bullet) Click to see attachment1,086,891 Click to see attachment1,578,752 Click to see attachment1,578,752
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 163,668,200 145,960,808 145,960,808
Liabilities 17 Accounts payable and accrued expenses.......... 1,722,910 298,343
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 1,722,910 298,343
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.................. 161,945,290 145,662,465
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)..... 161,945,290 145,662,465
31 Total liabilities and net assets/fund balances (see instructions). 163,668,200 145,960,808
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
161,945,290
2
Enter amount from Part I, line 27a .....................
2
3,841,422
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,750,778
4
Add lines 1, 2, and 3 ..........................
4
167,537,490
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
21,875,025
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
145,662,465
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 G A E C Educacao SA (a/k/a Anima) P    
b Blancco Technology Group P    
c Ocado Group PLC P    
d Wizz Air P    
e G A E C Educacao SA (a/k/a Anima) P    
Fourlis SA P    
Interactive Brokers Group Inc P    
Sarantis SA P    
Capital Losses from Pass-Through P    
Capital Losses from Pass-Through 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 262,191   303,123 -40,932
b 182,931   399,333 -216,402
c 5,256,613   2,131,284 3,125,329
d 1,154,812   860,843 293,969
e 5,901,755   2,745,603 3,156,152
1,539,437   857,693 681,744
2,041,031   890,438 1,150,593
3,472,855   1,673,831 1,799,024
    177,814 -177,814
    196,848 -196,848
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       -40,932
b       -216,402
c       3,125,329
d       293,969
e       3,156,152
      681,744
      1,150,593
      1,799,024
      -177,814
      -196,848
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 9,574,815
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 9,404,909 150,739,085 0.062392
2016 7,719,930 141,618,927 0.054512
2015 8,478,603 137,347,910 0.061731
2014 6,188,735 60,748,459 0.101875
2013 3,844,007 27,409,434 0.140244
2
Total of line 1, column (d) .....................
2
0.420754
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
0.084151
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
154,193,915
5
Multiply line 4 by line 3......................
5
12,975,572
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
133,326
7
Add lines 5 and 6........................
7
13,108,898
8
Enter qualifying distributions from Part XII, line 4,.............
8
8,952,859
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 1 266,652
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........................... 3 266,652
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- ..... 5 266,652
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 440,126
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 50,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 490,126
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 10 223,474
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet223,474 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 addressbulletN/A
    14
    The books are in care ofbulletS Maiocco Treasurer Telephone no.bullet (617) 963-5200

    Located atbullet60 South Street Suite 1120BostonMA ZIP+4bullet02111
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletMP
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 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
     
    No
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Vincent J Ryan Trustee
    5.00     		0 0 0
    10703 Charleston Drive
    Vero Beach,FL32963
    Carla E Meyer Trustee
    1.00     		0 0 0
    10703 Charleston Drive
    Vero Beach,FL32963
    Jennifer Ryan Trustee
    1.00     		0 0 0
    5590 Elk Knob Court
    Denver,NC28037
    Cynthia A Ryan Trustee/Director
    40.00     		88,206 0 0
    PO Box 1708 c/o Tonneson Company
    Wakefield,MA01880
    Kimberly R Dano Trustee
    1.00     		0 0 0
    2611 Oakland Avenue
    Nashville,TN37212
    Stephanie R Ditenhafer Trustee
    1.00     		0 0 0
    2504 Oakland Avenue
    Nashville,TN37212
    Stephen D Maiocco Treasurer
    2.00     		0 0 0
    23 Gerloff Road
    Falmouth,MA02540
    Nicholas L Ryan Trustee
    1.00     		0 0 0
    175 Richdale Ave 103
    Cambridge,MA02140
    Julia B Pettengill Executive Director
    40.00     		17,346 0 0
    88 Pleasant Street Apt 2
    Brookline,MA02446
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    Schooner Capital LLC Investment & Administrative Services 450,261
    60 South Street Suite 1120
    Boston,MA02111
    Softchoice Professionals Accounting 51,980
    2nd FlMecer plCrescent RdPOBox
    52652-00100
    Nairobi    
    KE
    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 Kened Pig Farm Development Limited: A debt program related investment to support sustainable agriculture, training and finance assets including technical equipment to be used to develop the farms. 0
    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
    96,802,436
    b
    Average of monthly cash balances.......................
    1b
    59,739,610
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    156,542,046
    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
    156,542,046
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,348,131
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    154,193,915
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    7,709,696
    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
    7,709,696
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    266,652
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    266,652
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,443,044
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    7,443,044
    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
    7,443,044
    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
    8,952,859
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    8,952,859
    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
    8,952,859
    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 7,443,044
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 2,561,139
    b From 2014...... 2,897,552
    c From 2015...... 1,236,899
    d From 2016...... 771,305
    e From 2017...... 3,226,707
    fTotal of lines 3a through e........ 10,693,602
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 8,952,859
    a Applied to 2017, 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 2018 distributable amount..... 7,443,044
    e Remaining amount distributed out of corpus 1,509,815
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 12,203,417
    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) ...     		2,561,139
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		9,642,278
    10 Analysis of line 9:
    a Excess from 2014.... 2,897,552
    b Excess from 2015.... 1,236,899
    c Excess from 2016.... 771,305
    d Excess from 2017.... 3,226,707
    e Excess from 2018.... 1,509,815
    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).)
    Vincent J Ryan
    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
    ACLU Foundation of TN
    PO Box 120160
    Nashville,TN37212     		  PC General Support 20,000
    African Food and Peace Foundation
    89 South Street Ste 203
    Boston,MA02111     		  PC General Support 19,935
    Alternatives for Community and Environment
    2201 Washington Street Suite 302
    Boston,MA02119     		  PC General Support 25,000
    American Oversight
    660 Pennsylvania Ave SE Suite 303
    Washington,DC20003     		  PC General Support 100,000
    Bead for Life
    6797 Winchester Circle
    Boulder,CO80301     		  PC Street Business School 100,000
    Beyond Benign
    100 Research Drive
    Wilmington,MA01887     		  PC General Support 5,000
    Beyond Benign
    100 Research Drive
    Wilmington,MA01887     		  PC General Support 10,000
    Black Ministerial Alliance of Greater Boston
    2010 Columbus Ave Lower Level
    Boston,MA02119     		  PC Resilient Sisterhood Project 10,000
    Black Ministerial Alliance of Greater Boston
    2010 Columbus Ave Lower Level
    Boston,MA02119     		  PC General Support 34,000
    Block Island Club
    PO Box 147
    Block Island,RI02807     		  PC General Support 20,000
    Block Island Health Services
    PO Box 919
    Block Island,RI02807     		  PC General Support 2,000
    Boston University Department of Medical Engineering
    44 Cummington Mall
    Boston,MA02215     		  PC Support for Professor Zaman's work for refugees 40,000
    Brave New Films
    10510 Culver Boulevard
    Culver City,CA90232     		  PC General Support 100,000
    Brennan Center for Justice
    161 Avenue of the Americas 12th
    Floor
    New York,NY10013     		  PC General Support 200,000
    Brigham and Woman's Hospital
    116 Huntington Ave 5th Floor
    Boston,MA02116     		  PC Hiatt Residency in Global Health Equity 500,000
    Bunker Labs
    222 West Merchandise Mart Plaza Ste
    1212
    Chicago,IL60654     		  PC General Support 10,000
    Center for Victims of Torture
    2356 University Avenue W Suite 430
    St Paul,MN55114     		  PC General Purpose 100,000
    Dothouse Health Inc
    1353 Dorchester Avenue
    Dorchester,MA02122     		  PC Community Projects of FUDERELO in Nicaragua 50,000
    Dothouse Health Inc
    1353 Dorchester Avenue
    Dorchester,MA02122     		  PC Fundacion Superemos 60,000
    EqualHealth Inc
    PO Box 1575
    Brookline,MA02246     		  PC General Support 100,000
    Esthers Aid
    271 North Avenue
    New Rochelle,NY10801     		  PC General Support 5,000
    Foundation for National Progress
    222 Sutter Street Suite 600
    San Francisco,CA94108     		  PC Mother Jones 200,000
    Franklin Road Academy
    4700 Franklin Road
    Nashville,TN37220     		  PC General Support 10,000
    Friends of Radnor Lake
    1160 Otter Creek Road
    Nashville,TN372201471     		  PC General Support 2,000
    Fund for Global Human Rights
    1301 Connecticut Ave NW Suite 400
    Washington,DC20036     		  PC $200,000 for General Support, $20,000 for Uganda Program 220,000
    Global Greengrants Fund
    2840 Wilderness Place Suite A
    Boulder,CO80301     		  PC General Support 10,000
    Greenbelt Movement
    165 Court Street Suite 175
    Brooklyn,NY11201     		  PC Friends of Lake Turkana 6,500
    Harvard University
    124 Mt Auburn Street
    Cambridge,MA02138     		  PC HKS - Dean's Council 25,000
    Harvard University
    124 Mt Auburn Street
    Cambridge,MA02138     		  PC HKS - Carr Center for Human Rights Policy 25,000
    Harvard University
    124 Mt Auburn Street
    Cambridge,MA02138     		  PC HKS - Belfar Center 25,000
    Hobart and William Smith Colleges
    300 Pulteney Street
    Geneva,NY14456     		  PC General Support 1,000
    Homeless Childrens Foundation
    6001 Hwy A1A - PMB 8071
    Indian River Shores,FL32963     		  PC General Support 60,000
    Indian River Land Trust
    80 Royal Palm Point Suite 301
    Vero Beach,FL32960     		  PC General Support 10,000
    Initiative for a Competitive Inner City
    56 Warren Street Suite 300
    Roxbury,MA02119     		  PC General Support 5,000
    Institute for Justice and Democracy in Haiti
    15 Newbury Street
    Boston,MA02116     		  PC General Support 25,000
    International Justice Mission
    PO Box 96961
    Washington,DC20090     		  PC General Support 11,000
    Irish International Immigration Center
    One State Street 8th Floor
    Boston,MA02109     		  PC General Support 15,000
    Isabella Steward Gardner Museum
    25 Evans Way
    Boston,MA02115     		  PC General Support 15,000
    Issue One
    1401 K Street NW Suite 350
    Washington,DC20005     		  PC General Support 100,000
    J Street Education Fund
    PO Box 66073
    Washington,DC20035     		  PC General Support 25,000
    JFK Library Foundation
    Columbia Point
    Boston,MA02125     		  PC General Support 15,000
    KIPP Nashville
    PO Box 78126
    Nashville,TN37207     		  PC General Support 6,000
    Laureus Sport for Good Foundation
    645 Fifth Avenue 5th Floor
    New York,NY10022     		  PC MYSA Muthare Youth Soccer 7,000
    Massachusetts General Hospital
    125 Nashua Street Suite 540
    Boston,MA02114     		  PC Rural Health Fellowship Program 250,000
    Montgomery Bell Academy
    4001 Harding Road
    Nashville,TN37205     		  PC General Support 15,000
    Montserrat Aspirers Inc
    PO Box 240874
    Dorchester,MA02124     		  PC General Support 16,000
    NAACP
    601 N University Avenue
    Little Rock,AR72205     		  PC NAACP GSSA Demonstration Project 1,000,000
    Nashville Children's Alliance Inc
    1264 Foster Avenue
    Nashville,TN37210     		  PC General Support 3,000
    NEO Philanthropy Inc
    45 West 36th St 6th Floor
    New York,NY10018     		  PC Support for the New Georgia Project 100,000
    New 42nd Street Inc
    229 West 42nd Street
    New York,NY10036     		  PC Tinga Tinga Tales Production 25,000
    New 42nd Street Inc
    229 West 42nd Street
    New York,NY10036     		  PC Tinga Tinga Tales Production 40,000
    New Hampton School
    70 Main Street
    New Hampton,NH03256     		  PC General Support 20,000
    North Bennet Street School
    150 North Street
    Boston,MA02109     		  PC Scholarship Endowment Campaign 100,000
    Oasis Center
    1704 Charlotte Ave Suite 200
    Nashville,TN37203     		  PC Just Us Program 5,000
    One Heart Worldwide
    1818 Pacheco Street
    San Francisco,CA94116     		  PC General Support 25,000
    Physicians for Human Rights
    256 W 38th 9th Floor
    New York,NY10018     		  PC In honor of Carola Eisenberg 100,000
    Ploughshares Fund
    1808 Wedemeyer Street Suite 200
    San Francisco,CA94129     		  PC General Support 250,000
    Resonate Workshops
    Po Box 582
    Albion,CA95410     		  PC General Support 5,000
    RYR-1 Foundation
    939 Valleyview Road
    Pittsburgh,PA15243     		  PC General Support 105,000
    RYR-1 Foundation
    939 Valleyview Road
    Pittsburgh,PA15243     		  PC General Support 50,000
    RYR-1 Foundation
    939 Valleyview Road
    Pittsburgh,PA15243     		  PC General Support 150,000
    Safe Haven Family Shelter
    1234 Third Avenue South
    Nashville,TN37210     		  PC General Support 2,000
    Safe Tennessee Project
    1028 Woodvale Drive
    Nashville,TN37204     		  PC General Support 5,000
    SharedImpact Foundation Inc
    274 Wall Street
    Hebron,CT06428     		  PC African Prisons Project 20,000
    Shining Hope for Communities
    175 Varick Street 5th Floor
    New York,NY10014     		  PC General Support 5,000
    Silent Spring Institute
    320 Nevada Street
    Newton,MA02460     		  PC General Support 10,000
    Silent Spring Institute
    320 Nevada Street
    Newton,MA02460     		  PC General Support 25,000
    Southern Poverty Law Center
    400 Washington Ave
    Montgomery,AL36104     		  PC General Support 1,000
    St George's School
    272 Purgatory Road
    Middleton,RI02742     		  PC General Support 5,000
    Sunrise Movement Education Fund
    50 F Street NW
    Washington,DC200011547     		  PC General Support 10,000
    Syrian American Medical Society Foundation
    1012 14th Street NW Suite 1500
    Washington,DC20005     		  PC General Support 25,000
    Tanzanian Children's Fund
    9 Waterhouse Street
    Cambridge,MA02238     		  PC General Support 50,000
    Tennessee Justice for our Neighbors
    2195 Nolensville Place
    Nashville,TN37211     		  PC General Support 5,000
    The Furniture Society
    PO Box 6323
    Libertyville,IL60048     		  PC General Support 2,000
    The Furniture Society
    PO Box 6323
    Libertyville,IL60048     		  PC General Support 10,000
    The Nature Conservancy
    601 N University Avenue
    Little Rock,AR72205     		  PC Arkansas Pinnacle Mountain - Honor Lee Bodenhamer 1,000,000
    The Nature Conservatory
    4245 N Fairfax Drive Suite 100
    Arlington,VA22203     		  PC Block Island 20,000
    The Progressive
    30 W Mifflin Street Suite 703
    Madison,WI53703     		  PC General Support 1,000
    The University School of Nashville
    2000 Edgehill Ave
    Nashville,TN37212     		  PC Annual Fund 4,000
    The University School of Nashville
    2000 Edgehill Ave
    Nashville,TN37212     		  PC Horizons Program 15,000
    Trustees of Boston University
    595 Commonwealth Avenue Suite 700
    Boston,MA02215     		  PC Friends of Mens Rowing 25,000
    Trustees of Boston University
    595 Commonwealth Avenue Suite 700
    Boston,MA02215     		  PC Charles Pingree Scholarship 250,000
    Trustees of Boston University
    595 Commonwealth Avenue Suite 700
    Boston,MA02215     		  PC BU CISWH 2,466,706
    Trustees of Boston University
    890 Commonwealth Avenue 3rd Floor
    Boston,MA02215     		  PC WBUR Investigative Journalism Fund 100,000
    Village Health Works - Women's Health Pavilion
    45 West 36th St 8th Floor
    New York,NY10018     		  PC Women's Health Pavilion 15,000
    Voter Choice Education Fund
    14 Beacon St Suite 604
    Boston,MA02108     		  PC General Support 10,000
    Whitehead Institute
    455 Main Street
    Cambridge,MA02142     		  PC General Support 5,000
    Wildflower Camp Foundation
    271 Lincoln Street
    Lexington,MA02421     		  PC General Support 1,000
    Yale University
    PO Box 1873
    New Haven,CT06508     		  PC WIRAC Clinic at Yale Law School 100,000
    Total .................................bullet 3a 8,776,141
    bApproved for future payment
    Center on Budget and Policy Priorities
    1275 1st St NE Suite 1200
    Washington,DC20002     		  PC General Support 100,000
    Total .................................bullet 3b 100,000
    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 ...........     		    14 165,388  
    4 Dividends and interest from securities....     14 4,154,504  
    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 1  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 9,574,815  
    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 13,894,708 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    13,894,708
    (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:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax & Accounting Fees 17,978 0   9,033

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

    TY 2018 AmortizationSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    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
    SOFTWARE 2016-05-30 1,740 1,160 36.000000000000 580 0   1,740
    Software 2016-04-30 2,190 1,460 36.000000000000 730 0   2,190
    Software 2016-12-19 294 196 36.000000000000 98 0   294

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

    TY 2018 DepreciationSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    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 2011-01-01 5,996 5,996 SL 3.000000000000 0 0    
    FURNITURE & FIXTURES 2016-04-01 5,967 2,238 SL 7.000000000000 852 0    
    COMPUTER EQUIPMENT 2016-04-01 3,836 3,541 SL 5.000000000000 295 0    
    COMPUTER EQUIPMENT 2016-04-30 1,346 673 SL 5.000000000000 269 0    
    APPLE IPHONE X 2018-06-01 1,432   SL 3.000000000000 278 0    
    APPLE MACBOOK PRO 2018-06-01 3,262   SL 3.000000000000 634 0    
    APPLE MACBOOK PRO 2018-11-01 3,761   SL 3.000000000000 209 0    
    APPLE MACBOOK AIR 2018-12-01 1,523   SL 3.000000000000 42 0    

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

    TY 2018 ExpenditureResponsibilityStmt
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Kened Pig Farm Development Limited
          		PO Box 29130
    Kampala    
    UG     		2016-09-07 17,000 To Support Sustainable Agriculture, training and to finance assets including technical equipment to be used to develop the farm.     06/22/16, 07/22/16,07/29/16,10/21/16,11/18/16,12/25/16,    
    Mugoya Farm Estates Limited
          		PO Box 29130
    Kampala    
    UG     		2015-04-29 49,500 To Support Sustainable Agriculture, training and to finance assets including technical equipment to be used to develop the farm.     07/27/16, 08/08/2016, 11/18/16, 01/30/17    
    Kened Pig Farm Development Limited
          		PO Box 29130
    Kampala    
    UG     		2015-07-02 22,500 To Support Sustainable Agriculture, training and to finance assets including technical equipment to be used to develop the farm.     06/22/16, 07/22/16,07/29/16,10/21/16,11/18/16,12/25/16    
    Kened Pig Farm Development Limited
          		Po Box 29130
    Kampala    
    UG     		2017-12-21 6,743 To Support Sustainable Agriculture, training and to finance assets including technical equipment to be used to develop the farm.     1/30/17, 5/30/17, 6/20/17, 7/17/17, 8/23/17,12/19/17    

    TY 2018 GeneralExplanationAttachment
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Identifier Return Reference Explanation
      Expenditure Responsibility Statement, Part VII-B, Line 5C Mugoya Farm Estates LimitedAdditional Dates of Reports:2/7/2018, 5/14/2018Kened Pig Farm Development LimitedAdditional Dates of Reports:2/7/2018, 5/14/2018

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Iron Mountain, Inc 46,571,355 46,571,355

    TY 2018 InvestmentsOtherSchedule2
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Other Investments FMV 47,481,559 47,481,559

    TY 2018 LandEtcSchedule2
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    FURNITURE & FIXTURES 5,967 3,090 2,877 2,877
    COMPUTER EQUIPMENT 3,836 3,836 0 0
    COMPUTER EQUIPMENT 1,346 942 404 404
    SOFTWARE 1,740 1,740 0 0
    Software 2,190 2,190 0 0
    Software 294 294 0 0
    APPLE IPHONE X 1,432 278 1,154 1,154
    APPLE MACBOOK PRO 3,262 634 2,628 2,628
    APPLE MACBOOK PRO 3,761 209 3,552 3,552
    APPLE MACBOOK AIR 1,523 42 1,481 1,481


    TY 2018 LegalFeesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Expense 2,204 0   0


    TY 2018 OtherAssetsSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    A/R 1,547 428,451 428,451
    Note Receivable SAF - Mugoya Farm Estates Ltd 49,500 49,500 49,500
    Interest & Dividend Receivable 855,946 883,949 883,949
    Note Receivable SAF - Kened Pig Farm Development 46,243 46,243 46,243
    Other Assets 133,655 170,609 170,609


    TY 2018 OtherDecreasesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Amount
    Unrealized Current Depreciation of Investments 21,875,025


    TY 2018 OtherExpensesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Other Income/(Loss) - Foreign Currency 3,947 3,947   0
    Portfolio Deductions 457,121 457,121   0
    K-1 Moon Capital - Other Loss 1,724 1,724   0
    K-1 Bow Street - Other Loss 9,521 9,521   0
    Due and Subscriptions 6,214 0   2,250
    Insurance and Benefits 9,966 0   3,473
    Operating Expenses 5,719 0   0
    Payroll Processing Fees 1,890 0   1,418
    Postage & Shipping 335 0   0
    Rent 10,200 0   2,285
    Telephone 1,532 0   1,073
    Bank Fees 3,669 0   0
    Admin Service Charges 46,835 0   23,450
    Interest & Penalties 1,166 0   0
    Amortization 1,408 0   0


    TY 2018 OtherIncomeSchedule2
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Program Related Interest 1 1 1


    TY 2018 OtherIncreasesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Amount
    Flow through amounts from K-1 investments 358,241
    Deferred Supplemental Fees 595,626
    Book/Tax Dividend Difference 796,785
    Book/Tax Depreciation Difference 126


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consulting 82,383 0   15,212


    TY 2018 TaxesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes 89,814 89,814   0
    Excise & Payroll Taxes 257,868 0   3,391