Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2019
Open to Public Inspection
For calendar year 2019, or tax year beginning 07-01-2017 , and ending 06-30-2018
Name of foundation
CAROLINE & SIGMUND SCHOTT FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 391408
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CAMBRIDGE, MA02139
A Employer identification number

11-2856561
B Telephone number (see instructions)

(617) 499-9901
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$40,797,876J 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 2,576 2,576  
4 Dividends and interest from securities... 592,900 590,704  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,197,910
b Gross sales price for all assets on line 6a 10,072,320
7 Capital gain net income (from Part IV, line 2)... 1,197,910
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 832,390 490,484  
12 Total. Add lines 1 through 11........ 2,625,776 2,281,674  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 222 0   1,498
b Accounting fees (attach schedule)....... Click to see attachment 92,637 0   126,648
c Other professional fees (attach schedule).... Click to see attachment 323,273 184,506   154,526
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 74,009 27,215   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 42,872 0   37,907
22 Printing and publications.......... 7,225 0   -163
23 Other expenses (attach schedule)....... Click to see attachment 43,112 62,057   43,722
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 583,350 273,778   364,138
25 Contributions, gifts, grants paid....... 1,103,657 1,008,657
26 Total expenses and disbursements. Add lines 24 and 25 1,687,007 273,778   1,372,795
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 938,769
b Net investment income (if negative, enter -0-) 2,007,896
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............. 88,891 1,078,114 1,078,114
2 Savings and temporary cash investments......... 874,068 227,578 227,578
3 Accounts receivable bullet309
Less: allowance for doubtful accounts bullet     309 309
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.......... 1,511 1,502 1,502
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 12,808,981 Click to see attachment10,222,705 10,222,705
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).......... 23,641,237 Click to see attachment27,622,314 27,622,314
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,559,395 Click to see attachment1,645,354 Click to see attachment1,645,354
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 38,974,083 40,797,876 40,797,876
Liabilities 17 Accounts payable and accrued expenses.......... 294,226 363,681
18 Grants payable................. 5,000  
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment94,098 Click to see attachment94,098
23 Total liabilities (add lines 17 through 22)......... 393,324 457,779
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)..... 38,580,759 40,340,097
30 Total liabilities and net assets/fund balances (see instructions). 38,974,083 40,797,876
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
38,580,759
2
Enter amount from Part I, line 27a .....................
2
938,769
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
820,569
4
Add lines 1, 2, and 3 ..........................
4
40,340,097
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
40,340,097
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 50 SHS WEX INC   2017-09-21 2018-05-03
b 145 SHS WALT DISNEY PRODUCTIONS   2017-09-21 2018-06-13
c 5 SHS ALPHABET INC CL C   2012-11-02 2018-01-11
d 30 SHS INTUIT   2013-01-10 2018-01-11
e 4093 SHS SPDR GOLD TRUST   2008-01-16 2018-01-24
700 SHS SPDR GOLD TRUST   2008-10-28 2018-01-24
1200 SHS SPDR GOLD TRUST   2013-06-21 2018-01-24
60 SHS APPLE INC   2009-02-18 2018-05-03
15 SHS WEX INC   2013-06-20 2018-05-03
340 SHS GILEAD SCIENCES   2015-02-04 2008-06-13
25 SHS MASTER CARD INC   2010-09-16 2018-06-13
70154.11 SHS CAUSEWAY EMERGING MKTS INSTL SHS   2015-03-05 2018-01-25
14464.802 SHS CAUSEWAY EMERGING MKS INSTL SHS   2015-10-06 2018-01-25
2112.645 SHS CAUSEWAY EMERGING MKTS INSTL SHS   2015-12-23 2018-01-25
1824.98 SHS CAUSEWAY EMERGING MKTS INSTL SHS   2016-12-22 2018-01-25
9569.378 SHS CAUSEWAY EMERGING MKTS INSTL SHS   2017-01-03 2018-01-25
1573.397 SHS CAUSEWAY EMERGING MKTS INSTL SHS   2017-12-21 2018-01-25
5440.696 SHS PIMCO TOTAL RETURN FUND ESG INSTL   2012-06-06 2017-09-21
1976.482 SHS COMMODITYREALRETURN STRATEGY FUND   2008-12-10 2017-09-21
2375.693 SHS COMMODITYREALRETURN STRATEGY FUND   2008-12-30 2017-09-21
1854.268 SHS COMMODITYREALRETURN STRATEGY FUND   2009-03-19 2017-09-21
1812.421 SHS COMMODITYREALRETURN STRATEGY FUND   2009-06-18 2017-09-21
2347.743 SHS COMMODITYREALRETURN STRATEGY FUND   2009-09-17 2017-09-21
1816.494 SHS COMMODITYREALRETURN STRATEGY FUND   2009-12-09 2017-09-21
2991.407 SHS COMMODITYREALRETURN STRATEGY FUND   2009-12-30 2017-09-21
347.229 SHS COMMODITYREALRETURN STRATEGY FUND   2009-12-30 2018-01-24
3490.814 SHS COMMODITYREALRETURN STRATEGY FUND   2010-03-18 2018-01-24
3921.339 SHS COMMODITYREALRETURN STRATEGY FUND   2010-06-17 2018-01-24
4281.067 SHS COMMODITYREALRETURN STRATEGY FUND   2010-09-16 2018-01-24
2942.272 SHS COMMODITYREALRETURN STRATEGY FUND   2010-12-31 2018-01-24
3809.677 SHS COMMODITYREALRETURN STRATEGY FUND   2011-03-17 2018-01-24
7632.134 SHS COMMODITYREALRETURN STRATEGY FUND   2011-06-16 2018-01-24
7587.839 SHS COMMODITYREALRETURN STRATEGY FUND   2011-09-15 2018-01-24
2664.743 SHS COMMODITYREALRETURN STRATEGY FUND   2011-12-07 2018-01-24
634.045 SHS COMMODITYREALRETURN STRATEGY FUND   2011-12-07 2018-01-24
18260.115 SHS COMMODITYREALRETURN STRATEGY FUND   2011-12-28 2018-01-24
16280.753 SHS COMMODITYREALRETURN STRATEGY FUND   2012-01-26 2018-01-24
27134.588 SHS COMMODITYREALRETURN STRATEGY FUND   2012-01-26 2018-01-24
1789.747 SHS COMMODITYREALRETURN STRATEGY FUND   2012-03-22 2018-01-24
1405.745 SHS COMMODITYREALRETURN STRATEGY FUND   2012-06-21 2018-01-24
1573.691 SHS COMMODITYREALRETURN STRATEGY FUND   2012-09-20 2018-01-24
1369.835 SHS COMMODITYREALRETURN STRATEGY FUND   2012-12-12 2018-01-24
556.09 SHS COMMODITYREALRETURN STRATEGY FUND   2012-12-12 2018-01-24
558.442 SHS COMMODITYREALRETURN STRATEGY FUND   2012-12-27 2018-01-24
1417.735 SHS COMMODITYREALRETURN STRATEGY FUND   2013-06-20 2018-01-24
6400 SHS COMMODITYREALRETURN STRATEGY FUND   2013-05-14 2018-01-24
7610.35 SHS COMMODITYREALRETURN STRATEGY FUND   2013-01-07 2018-01-24
949.392 SHS COMMODITYREALRETURN STRATEGY FUND   2013-03-20 2018-01-24
13368.984 SHS COMMODITYREALRETURN STRATEGY FUND   2013-06-21 2018-01-24
19891.501 SHS COMMODITYREALRETURN STRATEGY FUND   2013-06-28 2018-01-24
495.145 SHS COMMODITYREALRETURN STRATEGY FUND   2013-09-19 2018-01-24
21853.147 SHS COMMODITYREALRETURN STRATEGY FUND   2013-10-09 2018-01-24
4290.66 SHS COMMODITYREALRETURN STRATEGY FUND   2013-12-11 2018-01-24
881.395 SHS COMMODITYREALRETURN STRATEGY FUND   2014-09-18 2018-01-24
23900.573 SHS COMMODITYREALRETURN STRATEGY FUND   2014-10-14 2018-01-24
46189.376 SHS COMMODITYREALRETURN STRATEGY FUND   2015-04-14 2018-01-24
4017.4 SH COMMODITYREALRETURN STRATEGY FUND   2015-06-18 2018-01-24
11990.408 SH COMMODITYREALRETURN STRATEGY FUND   2015-07-07 2018-01-24
5827.825 SHS COMMODITYREALRETURN STRATEGY FUND   2015-09-17 2018-01-24
16711.23 SHS COMMODITYREALRETURN STRATEGY FUND   2015-10-06 2018-01-24
6558.569 SHS COMMODITYREALRETURN STRATEGY FUND   2015-12-29 2018-01-24
876.693 SHS COMMODITYREALRETURN STRATEGY FUND   2016-06-16 2018-01-24
1538.883 SHS COMMODITYREALRETURN STRATEGY FUND   2016-09-15 2018-01-24
7082.153 SHS COMMODITYREALRETURN STRATEGY FUND   2016-10-25 2018-01-24
548.245 SHS COMMODITYREALRETURN STRATEGY FUND   2016-12-28 2018-01-24
2554.016 SHS COMMODITYREALRETURN STRATEGY FUND   2017-03-16 2018-01-24
50651.23 SHS COMMODITYREALRETURN STRATEGY FUND   2017-03-23 2018-01-24
10879.288 SHS COMMODITYREALRETURN STRATEGY FUND   2017-06-15 2018-01-24
7911.392 SHS COMMODITYREALRETURN STRATEGY FUND   2017-06-26 2018-01-24
9729.542 SHS COMMODITYREALRETURN STRATEGY FUND   2017-09-14 2018-01-24
8691.473 SHS COMMODITYREALRETURN STRATEGY FUND   2017-12-27 2018-01-24
5.07 SHS WALDEN SMALL CAP FUND   2012-02-23 2017-10-04
COLCHESTER GLOBAL BOND FUND P   2017-12-31
ECOSYSTEM INV PARTNERS III LP P   2017-12-31
EMERGING MKTS INVESTABLE FUND P   2017-12-31
SOMERSET GLOBAL EMERGING MARKETS FUND LLC P   2017-12-31
THRU US BANK     2018-06-30
THRU US BANK     2018-06-30
THRU CHARLES SCHWAB & CO/ZEVIN ASSET MGMT     2018-06-30
THRU CHARLES SCHWAB & CO/ZEVIN ASSET MGMT     2018-06-30
474.3973 SHS FORESTER DIVERSIFIED LTD SER A2 11/12 P 2009-11-01 2018-06-30
771.6199 SHS FORESTER DIVERSIFIED LTD SER A2 01/13 P   2018-06-30
197.3998 SHS FORESTER DIVERSIFIED LTD P 2016-01-01 2017-12-31
973.1186 SHS NYES LEDGE CAPITAL OFFSHORE FUND LTD P 2009-07-01 2017-12-31
145 SHS NXP SEMICONDUCTORS   2016-10-17 2017-09-26
90 SHS PANERA BREAD CO P 2011-08-17 2017-07-18
80 SHS CHURCH & DWIGHT CO P 2009-10-16 2017-09-26
195 SHS AUTOMATIC DATA PROCESSING   2011-08-17 2017-09-26
40 SHS AMERICAN TOWER CORP   2015-06-11 2017-09-26
75 SHS FISERV INC   2010-02-12 2017-09-26
115 SHS CHURCH & DWIGHT CO   2009-10-16 2017-09-26
120 SHS UNILVER PLC SPONS ADR   2011-11-10 2017-09-26
35 SHS MASTERCARD INC   2010-09-16 2017-09-26
100 SHS NOVOZYMES A/S SHS B   2012-07-25 2017-09-27
VESTAS WIND SYSTEMS - CLASS ACTION SETTLEMENT     2017-11-21
VESTAS WIND SYSTEMS - CLASS ACTION SETTLEMENT P   2017-11-21
VESTAS WIND SYSTEMS - CLASS ACTION SETTLEMENT P   2017-12-07
VESTAS WIND SYSTEMS - CLASS ACTION SETTLEMENT P   2017-12-07
PIMCO COMMODITY REAL RETURN - PER BOOKS P   2018-01-24
CAUSEWAY EMERGING MKTS - PER BOOKS P   2018-01-25
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 8,445   5,578 2,867
b 15,581   14,370 1,211
c 5,512   1,717 3,795
d 4,885   1,865 3,020
e 527,949   356,702 171,247
90,292   50,951 39,341
154,786   150,119 4,667
10,501   808 9,693
2,534   1,138 1,396
24,414   33,672 -9,258
5,019   527 4,492
1,078,970   829,923 249,047
222,469   150,000 72,469
32,492   20,704 11,788
28,068   18,504 9,564
147,177   100,000 47,177
24,199   21,902 2,297
50,000   53,863 -3,863
13,025   23,283 -10,258
15,656   29,459 -13,803
12,220   23,549 -11,329
11,944   26,461 -14,517
15,472   36,343 -20,871
11,971   29,282 -17,311
19,713   24,859 -5,146
2,421   30,630 -28,209
24,331   55,364 -31,033
27,332   58,977 -31,645
29,839   68,155 -38,316
20,508   54,667 -34,159
26,553   71,165 -44,612
53,196   135,394 -82,198
52,887   128,234 -75,347
18,573   40,451 -21,878
4,419   9,625 -5,206
127,273   238,477 -111,204
113,477   225,000 -111,523
189,128   375,000 -185,872
12,475   24,054 -11,579
9,798   17,038 -7,240
10,969   22,095 -11,126
9,548   18,575 -9,027
3,876   7,541 -3,665
3,892   7,427 -3,535
9,882   16,219 -6,337
44,608   80,000 -35,392
53,044   100,000 -46,956
6,617   1,494 5,123
93,182   150,000 -56,818
138,644   220,000 -81,356
3,451   5,763 -2,312
152,316   250,000 -97,684
29,906   47,884 -17,978
6,143   9,378 -3,235
166,587   250,000 -83,413
321,940   400,000 -78,060
28,001   34,550 -6,549
83,573   100,000 -16,427
40,620   42,951 -2,331
116,477   125,000 -8,523
45,713   41,581 4,132
6,111   6,216 -105
10,726   10,434 292
49,363   50,000 -637
3,821   3,931 -110
17,801   17,674 127
353,039   350,000 3,039
75,829   69,518 6,311
55,142   50,000 5,142
67,815   64,604 3,211
60,580   58,059 2,521
100   86 14
    54,861 -54,861
    23 -23
70,080     70,080
366,726     366,726
149,134     149,134
42,075     42,075
44,943     44,943
    9,927 -9,927
634,773   399,998 234,775
1,010,581   734,045 276,536
217,290   209,487 7,803
1,691,760   1,172,568 519,192
16,287   14,609 1,678
28,350   9,693 18,657
3,898   1,124 2,774
21,120   8,238 12,882
5,475   3,738 1,737
9,557   1,731 7,826
5,604   1,615 3,989
6,870   3,911 2,959
4,841   738 4,103
5,142   2,454 2,688
98     98
35     35
29     29
41     41
    96,860 -96,860
5,296     5,296
417,495     417,495
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       2,867
b       1,211
c       3,795
d       3,020
e       171,247
      39,341
      4,667
      9,693
      1,396
      -9,258
      4,492
      249,047
      72,469
      11,788
      9,564
      47,177
      2,297
      -3,863
      -10,258
      -13,803
      -11,329
      -14,517
      -20,871
      -17,311
      -5,146
      -28,209
      -31,033
      -31,645
      -38,316
      -34,159
      -44,612
      -82,198
      -75,347
      -21,878
      -5,206
      -111,204
      -111,523
      -185,872
      -11,579
      -7,240
      -11,126
      -9,027
      -3,665
      -3,535
      -6,337
      -35,392
      -46,956
      5,123
      -56,818
      -81,356
      -2,312
      -97,684
      -17,978
      -3,235
      -83,413
      -78,060
      -6,549
      -16,427
      -2,331
      -8,523
      4,132
      -105
      292
      -637
      -110
      127
      3,039
      6,311
      5,142
      3,211
      2,521
      14
      -54,861
      -23
      70,080
      366,726
      149,134
      42,075
      44,943
      -9,927
      234,775
      276,536
      7,803
      519,192
      1,678
      18,657
      2,774
      12,882
      1,737
      7,826
      3,989
      2,959
      4,103
      2,688
      98
      35
      29
      41
      -96,860
      5,296
      417,495
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 1,197,910
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 1,435,413 36,325,272 0.039516
2017 1,970,683 35,404,594 0.055662
2016 1,509,239 38,594,225 0.039105
2015 1,562,047 38,469,086 0.040605
2014 1,526,186 36,880,258 0.041382
2
Total of line 1, column (d) .....................
2
0.216270
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
0.043254
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5......
4
38,921,300
5
Multiply line 4 by line 3......................
5
1,683,502
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
20,079
7
Add lines 5 and 6........................
7
1,703,581
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,372,795
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 40,158
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 40,158
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 40,158
6 Credits/Payments:
a 2019 estimated tax payments and 2018 overpayment credited to 2019 6a 48,524
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 73,524
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 33,366
11 Enter the amount of line 10 to be: Credited to 2020 estimated taxBullet33,366 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, DE
    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 addressbulletN/A
    14
    The books are in care ofbulletMARGO BRATHWAITE Telephone no.bullet (617) 499-9901

    Located atbullet678 MASSACHUSETTS AVENUE 7TH FLCAMBRIDGEMA ZIP+4bullet02139
    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
     
    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 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
    GREG JOBIN-LEEDS CHAIR/PRESIDENT/TREAS
    6.00     		0 0 0
    C/O CS SCHOTT FUND PO BOX 391408
    CAMBRIDGE,MA02139
    MARIA JOBIN-LEEDS VICE-CHAIR/SEC'Y
    0.25     		0 0 0
    C/O CS SCHOTT FUND PO BOX 391408
    CAMBRIDGE,MA02139
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    CAMBRIDGE ASSOCIATES LLC INVESTMENT ADVISORY 92,634
    100 SUMMER STREET
    BOSTON,MA02110
    DEY HERNANDEZ-VAZQUEZ BOOK CONSULTANT/GRAPHIC DESIGN 59,500
    678 MASSACHUSETTS AVE SUITE 504
    CAMBRIDGE,MA02139
    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
    12,420,898
    b
    Average of monthly cash balances.......................
    1b
    1,060,315
    c
    Fair market value of all other assets (see instructions)................
    1c
    26,032,797
    d
    Total (add lines 1a, b, and c).........................
    1d
    39,514,010
    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
    39,514,010
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    592,710
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    38,921,300
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,946,065
    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
    1,946,065
    2a
    Tax on investment income for 2019 from Part VI, line 5......
    2a
    40,158
    b
    Income tax for 2019. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    40,158
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,905,907
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,905,907
    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
    1,905,907
    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
    1,372,795
    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
    1,372,795
    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
    1,372,795
    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 1,905,907
    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......  
    b From 2015......  
    c From 2016......  
    d From 2017...... 235,664
    e From 2018......  
    fTotal of lines 3a through e........ 235,664
    4Qualifying distributions for 2019 from Part
    XII, line 4: bullet$ 1,372,795
    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..... 1,372,795
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2019. 235,664 235,664
    (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 ..........     		297,448
    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
    AGITARTE INC
    PO BOX 390164
    CAMBRIDGE,MA02139     		N/A PC NURTURE SOCIALLY CONSCIOUS ARTISTS 12,157
    ALLIED MEDIA PROJECTS
    4126 THIRD STREET
    DETROIT,MI48201     		N/A PC TRAINING FOR HAYMARKET PEOPLES FUND 20,000
    KENWOOD OAKLAND COMMUNITY ORGANIZATION
    4242 S COTTAGE GROVE AVENUE
    CHICAGO,IL60653     		N/A PC JOURNEY FOR JUSTICE; SUMMER PROGRAM 15,000
    NATIONAL CENTER FOR FAIR & OPEN TESTING
    88 GOVERNOR WINTHROP ROAD
    SOMERVILLE,MA02145     		N/A PC CELEBRATION SPONSORSHIP 1,000
    NATIONAL PUBLIC EDUCATION SUPPORT FUND
    1900 L STREET NW SUITE 520
    WASHINGTON,DC20036     		N/A PC EDUCATION DEVELOPMENT 10,000
    NORTH SHORE CHILD AND FAMILY GUIDANCE CENTER
    480 OLD WESTBURY ROAD
    ROSLYN HEIGHTS,NY11577     		N/A PC SUSTAIN TRIAGE, EMERGENCY AND HIGH RISK RESPONSE TO YOUNG CHILDREN 10,000
    SOUTHERN POVERTY LAW CENTER
    400 WASHINGTON AVENUE
    MONTGOMERY,AL36104     		N/A PC JUVENILE JUSTICE 10,000
    THE SCHOTT FOUNDATION FOR PUBLIC EDUCATION
    1250 HANCOCK STREET SUITE 803N
    QUINCY,MA02169     		N/A PC JOURNEY FOR JUSTICE 15,000
    THE SCHOTT FOUNDATION FOR PUBLIC EDUCATION
    1250 HANCOCK STREET SUITE 803N
    QUINCY,MA02169     		N/A PC EDUCATION EXCELLENCE 910,500
    Total .................................bullet 3a 1,003,657
    bApproved for future payment
    AGITARTE INC
    PO BOX 390164
    CAMBRIDGE,MA02139     		N/A PC NURTURE SOCIALLY CONSCIOUS ARTISTS 100,000
    Total .................................bullet 3b 100,000
    Form 990-PF (2019)
    Form 990-PF (2019)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 2,576  
    4 Dividends and interest from securities....     14 592,900  
    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.....     14 832,390  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,197,910  
    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 2,625,776 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,625,776
    (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:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 92,637 0   126,648

    TY 2017 InvestmentsCorpStockSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALLOWANCE FOR UNREALIZED GAIN/LOSS 2,618,958 0
    CHARLES SCHWAB & CO, INC 2,094,039 2,702,823
    FORESTER DIVERSIFIED LTD 233,917 442,737
    LORING WOLCOTT & COOLIDGE 547,664 1,121,363
    NYES LEDGE CAPITAL OFFSHORE FUND 952,432 1,817,512
    US BANK 3,775,695 4,138,270

    TY 2017 InvestmentsOtherSchedule2
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALLOWANCE FOR UNREALIZED GAIN/LOSS FMV 2,478,057 0
    CITY OF LONDON-INVESTABLE EMERGING MKTS FMV 881,228 1,346,196
    CRA QUALIFIED INVESTMENT FUND FMV 1,090,335 1,041,731
    ECOSYSTEM INVESTMENT PARTNERS III LP FMV 31,343 36,311
    GENERATION IM GLOBAL EQUITY FMV 3,661,987 4,882,367
    GMO FORESTRY FUND FMV 186,486 168,493
    LYME FOREST FUND III TE LP FMV 251,817 346,877
    LYME FOREST FUND IV TE LP FMV 478,249 558,867
    NB SOCIALLY RESPONSIVE FUND FMV 815,237 1,042,914
    OWL VENTURES LP FMV 127,438 305,202
    PIMCO TOTAL RETURN FUND III FMV 6,639,226 6,331,452
    TOUCHSTONE SUSTAINABILITY & IMPACT EQUITY FUND FMV 4,254,166 4,373,395
    VANGUARD INFLATION PROTECTED SECURITIES FUND FMV 1,616,867 1,605,197
    VANGUARD IT TREASURY INDEX ADMIRAL FUND FMV 3,833,267 3,805,459
    WALDEN EQUITY FUND FMV 663,561 1,037,141
    WALDEN SMALL CAP INNOVATIONS FUND FMV 613,050 740,712

    TY 2017 LegalFeesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 222 0   1,498


    TY 2017 OtherAssetsSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUE FROM FORESTER DIVERSIFIED LTD 1,559,395 1,645,354 1,645,354


    TY 2017 OtherExpensesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 728 0   728
    COMPUTER EXPENSES 3,092 0   3,092
    DED RELATED TO PORTFOLIO INC 0 62,222   0
    DUES & SUBSCRIPTIONS 503 0   580
    INSURANCE 6,018 0   6,018
    LICENSES & FEES 695 0   695
    MANAGEMENT FEE 10,000 0   10,000
    OFFICE EXPENSE 205 0   85
    OFFICE SUPPLIES 9,243 0   7,559
    OTHER INVESTMENT FEES -2 -2   0
    POSTAGE & DELIVERY 723 0   558
    PROFESSIONAL DEVELOPMENT 7,630 0   9,130
    PROMOTION COSTS 0 0   1,000
    SPONSORSHIPS 4,277 0   4,277
    INVESTMENT INTEREST EXP - LYME FOREST FUND III TE LP 0 -163   0


    TY 2017 OtherIncomeSchedule2
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BERNARD L MADOFF RECOVERY 91,344 0 91,344
    COLCHESTER GLOBAL BOND FUND 22,411 28,409 22,411
    COLCHESTER GLOBAL BOND FUND 0 -4,630 0
    COLCHESTER GLOBAL BOND FUND 0 54,238 0
    ECOSYSTEM INVESTMENT PARTNERS III LP -62 -39 -62
    EMERGING MARKETS INVESTABLE FUND 0 5,487 0
    EMERGING MARKETS INVESTABLE FUND 0 -11,039 0
    EMERGING MARKETS INVESTABLE FUND 0 21,485 0
    EMERGING MARKETS INVESTABLE FUND 0 -72 0
    GENERATION IM GLOBAL EQUITY FUND LLC 0 101,361 0
    GENERATION IM GLOBAL EQUITY FUND LLC 0 407,736 0
    GENERATION IM GLOBAL EQUITY FUND LLC 513,026 40,272 513,026
    LYME FOREST FUND III TE LP 78,032 1,792 78,032
    LYME FOREST FUND III TE LP 0 437 0
    LYME FOREST FUND III TE LP 0 81,387 0
    LYME FOREST FUND IV TE LP 0 -1,912 0
    LYME FOREST FUND IV TE LP 0 7,769 0
    LYME FOREST FUND IV TE LP 0 1,732 0
    MAGELLAN MIDSTREAM PARTNERS LP 0 -218 0
    OWL VENTURES LP -5,084 43 -5,084
    ROYALTY INCOME 12,157 12,157 12,157
    SOMERSET GLOBAL EMERGING MKTS FUND LLC 119,207 69,157 119,207
    SOMERSET GLOBAL EMERGING MKTS FUND LLC 0 364 0
    SOMERSET GLOBAL EMERGING MKTS FUND LLC 0 -324,290 0
    TRG FORESTRY FUND I-B LP 0 -2,501 0
    VONOVAI SE RT 1,359 1,359 1,359


    TY 2017 OtherIncreasesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Description Amount
    UNREALIZED GAIN ON MARKETABLE SECURITIES 820,569


    TY 2017 OtherLiabilitiesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX 85,000 85,000
    FEDERAL EXCISE TAX PAYABLE 9,098 9,098


    TY 2017 OtherProfessionalFeesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 150,566 0   154,526
    INVESTMENT ADVISORY FEES 92,634 92,634   0
    INVESTMENT MANAGEMENT FEES 80,073 80,073   0
    INVESTMENT MANAGEMENT FEES - COLCHESTER GLOBAL BOND FUND 0 11,799   0


    TY 2017 TaxesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 55,000 0   0
    FOREIGN TAX WITHHELD 19,009 19,009   0
    FOREIGN TAXES-COLCHESTER GLOBAL 0 745   0
    FOREIGN TAXES-GEN IM GLOBAL EQ 0 3,802   0
    FOREIGN TAXES-EMERGING MKTS INVESTABLE FUND 0 250   0
    FOREIGN TAXES-SOMERSET GLOBAL EMERGING MARKETS FUND LLC 0 3,409   0