Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2018
Open to Public Inspection
For calendar year 2018, or tax year beginning 01-01-2018 , and ending 12-31-2018
Name of foundation
PATHFINDER FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)179 HARVEY STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CAMBRIDGE, MA02140
A Employer identification number

34-6536633
B Telephone number (see instructions)

(617) 905-5119
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$0J 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) 8,816
2 Check bullet.............
3 Interest on savings and temporary cash investments 6,046 6,046 6,046
4 Dividends and interest from securities... 9,178 9,178 9,178
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 63,298
b Gross sales price for all assets on line 6a 272,554
7 Capital gain net income (from Part IV, line 2)... 123
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).......      
12 Total. Add lines 1 through 11........ 87,338 15,347 15,224
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 1,200      
c Other professional fees (attach schedule).... Click to see attachment 8,555      
17 Interest............... 349      
18 Taxes (attach schedule) (see instructions)... Click to see attachment 671      
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 32      
23 Other expenses (attach schedule)....... Click to see attachment 95      
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 10,902 0   0
25 Contributions, gifts, grants paid....... 100,750 100,750
26 Total expenses and disbursements. Add lines 24 and 25 111,652 0   100,750
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -24,314
b Net investment income (if negative, enter -0-) 15,347
c Adjusted net income (if negative, enter -0-)... 15,224
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............. 9,167    
2 Savings and temporary cash investments......... 61,265 42,826  
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) 58,951 Click to see attachment73,958  
b Investments—corporate stock (attach schedule)....... 534,630 Click to see attachment520,699  
c Investments—corporate bonds (attach schedule)....... 161,480 Click to see attachment154,316  
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........   Click to see attachment9,380  
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 825,493 801,179 0
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22).........   0
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..................    
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 825,493 801,179
30 Total net assets or fund balances (see instructions)..... 825,493 801,179
31 Total liabilities and net assets/fund balances (see instructions). 825,493 801,179
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
825,493
2
Enter amount from Part I, line 27a .....................
2
-24,314
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
801,179
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
801,179
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.)
1a
b
c
d
e
(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
b
c
d
e
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
b
c
d
e
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 2 123
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 113,349 965,730 0.117371
2016 77,358 912,704 0.084757
2015 78,380 916,590 0.085513
2014 73,348 925,025 0.079293
2013 85,242 852,068 0.100041
2
Total of line 1, column (d) .....................
2
0.466975
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
0.093395
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
989,128
5
Multiply line 4 by line 3......................
5
92,380
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
153
7
Add lines 5 and 6........................
7
92,533
8
Enter qualifying distributions from Part XII, line 4,.............
8
100,750
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 1 153
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  
3 Add lines 1 and 2........................... 3 153
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 153
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a  
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 163
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 163
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 10
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet10 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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)
    bullet
    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 ofbulletPAT GOUDVIS Telephone no.bullet (617) 868-1999

    Located atbullet179 HARVEY STCAMBRIDGEMA ZIP+4bullet02140
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2018, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet  
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
     
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PAT GOUDVIS TRUSTEE
    000.00     		0 0 0
    179 HARVEY ST
    CAMBRIDGE,MA02138
    ANN GOUDVIS TRUSTEE
    000.00     		0 0 0
    210 LIPAN WAY
    BOULDER,CO80303
    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  
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    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 N/A  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    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
    973,713
    b
    Average of monthly cash balances.......................
    1b
    30,478
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    1,004,191
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    1,004,191
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    15,063
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    989,128
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    49,456
    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
    49,456
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    153
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    153
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    49,303
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    49,303
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    49,303
    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
    100,750
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    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
    100,750
    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
    153
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    100,597
    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 49,303
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013...... 42,955
    b From 2014...... 27,401
    c From 2015...... 78,500
    d From 2016...... 32,007
    e From 2017...... 65,364
    fTotal of lines 3a through e........ 246,227
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 100,750
    a Applied to 2017, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2018 distributable amount..... 49,303
    e Remaining amount distributed out of corpus 51,447
    5 Excess distributions carryover applied to 2018.    
    (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 5 297,674
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		42,955
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		254,719
    10 Analysis of line 9:
    a Excess from 2014.... 27,401
    b Excess from 2015.... 78,500
    c Excess from 2016.... 32,007
    d Excess from 2017.... 65,364
    e Excess from 2018.... 51,447
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    CENTER FOR JUSTICE & ACCOUNTABILITY
    1 HALLIDIE PLAZA
    SAN FRANSISCO,CA94102     		  PUBLIC GENERAL 2,500
    FOTOKIDS-FUNDACION DE NINOS ARTISTA
    PO BOX 661447
    MIAMI,FL33266     		  PUBLIC GENERAL 25,000
    RETHINKING SCHOOLS
    1001 EAST KEEFE AVE
    MILWAUKEE,WI53212     		  PUBLIC GENERAL 25,000
    NETWORK FOR PUBLIC EDUCATION
    PO BOX 150266
    KEW GARDENS,NY11415     		  PUBLIC GENERAL 5,000
    CENTER FOR INDEPENDENT DOCUMENTARY
    1300 SOLDIERS FIELD ROD
    BOSTON,MA02135     		  PUBLIC GENERAL 2,500
    ECOLOGIC DEVELOPMENT FUND
    186 ALEWIFE BROOK PARKWAY
    CAMBRIDGE,MA02138     		  PUBLIC GENERAL 5,000
    INSTITUTE FOR PEACABLE COMMUNITIES
    PO BOX 390-325
    CAMBRIDGE,MA02139     		  PUBLIC GENERAL 250
    CARLETON COLLEGE
    NORTH COLLEGE ST
    NORTHFIELD,MN55057     		  PUBLIC GENERAL 10,000
    COMMUNITY LEGAL SERVICES & COUNSEL
    47 THORNDIKE ST
    CAMBRIDGE,MA02141     		  PUBLIC GENERAL 10,000
    TOXICS ACTION CENTER
    294 WASHINGTON ST
    BOSTON,MA02108     		  PUBLIC GENERAL 1,500
    CENTER FOR BIOLOGICAL DIVERSITY
    PO BOX 710
    TUCSON,AZ85702     		  PUBLIC GENERAL 2,500
    AMERICAN FRIENDS SERVICE COMMITTEE
    1501 CHERRY ST
    PHILADELPHIA,PA19102     		  PUBLIC GENERAL 2,000
    GRASSROOTS INTERENATIONAL
    179 BOYLSTON ST
    BOSTON,MA02130     		  PUBLIC GENERAL 2,000
    PALO ALTO FRIENDS MEETING
    957 COLORADO AVE
    PALO ALTO,CA94303     		  PUBLIC EL SALVADOR PROJECTS 1,500
    URBAN PEAK
    2100 STOUT ST
    DENVER,CO80205     		  PUBLIC GENERAL 1,500
    PLANNED PARENTHOOD
    7155 E 38TH ST
    DENVER,CO80207     		  PUBLIC GENERAL 1,500
    WINGS GUATEMALA
    1043 GRAND AVE 299
    ST PAUL,MN55105     		  PUBLIC VOLCANO RELIEF 1,000
    VAMOS ADELANTE
    41W655 MAIN ST ROAD
    EBIRM,IL60119     		  PUBLIC VOLCANO RELIEF 1,000
    SEDS OF LOVE
    2461 MOSSWOOD LANE
    SANTA CLARA,CA95051     		  PUBLIC GUATEMALA 1,000
    Total .................................bullet 3a 100,750
    bApproved for future payment
    Total .................................bullet 3b  
    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 6,046  
    4 Dividends and interest from securities....     14 9,178  
    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.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 123 63,175
    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)..   15,347 63,175
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    78,522
    (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
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2018
    Name of the organization
    PATHFINDER FUND
     
    Employer identification number

    34-6536633
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    PATHFINDER FUND
          		Employer identification number
    34-6536633
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    PATRICIA GOUDVIS  
    179 HARVEY ST
     
    CAMBRIDGE, MA02140

    		$ 8,816


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    PATHFINDER FUND
          		Employer identification number

    34-6536633
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 70 SHARES SVB FINANCIAL $ 5,902 2018-11-13
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 34 SHARES ADOVE $ 2,914 2018-11-13
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    PATHFINDER FUND
          		Employer identification number

    34-6536633
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INDIRECT ACCOUNTING FEES 1,200      

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

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    HORACE MANN EDUCATOR 2017-12 PURCHASE 2018-12   5,575 6,792     -1,217  
    PREMEIR INC   PURCHASE 2018-06   5,983 5,852     131  
    ACUITY BRANDS   PURCHASE 2018-03   7,694 9,942     -2,248  
    ADOBE INC 2013-11 PURCHASE 2018-06   5,694 1,298     4,396  
    ADOBE INC 2013-11 PURCHASE 2018-12   10,785 2,653     8,132  
    ASML HOLDINGS 2015-06 PURCHASE 2018-06   2,861 1,518     1,343  
    AUTODESK INC 2016-03 PURCHASE 2018-12   7,355 3,119     4,236  
    CERNER CORP 2013-07 PURCHASE 2018-03   5,062 4,427     635  
    CITRIX SYSTEMS   PURCHASE 2018-06   13,113 6,424     6,689  
    EATON CORP 2013-07 PURCHASE 2018-12   3,394 2,745     649  
    FOREST CITY REALTY   PURCHASE 2018-12   14,424 11,319     3,105  
    HCP INC REIT 2016-08 PURCHASE 2018-03   6,256 9,456     -3,200  
    HEXCEL CORP 2014-09 PURCHASE 2018-06   2,686 1,577     1,109  
    HOLOGIC INC   PURCHASE 2018-06   17,404 8,975     8,429  
    LOGMEIN INC   PURCHASE 2018-03   2,211 1,494     717  
    LULULEMON ATHLETICA 2017-04 PURCHASE 2018-06   11,691 4,867     6,824  
    MCCORMICK & CO 2017-02 PURCHASE 2018-12   1,171 784     387  
    MCCORMICK & CO 2017-04 PURCHASE 2018-12   4,390 3,041     1,349  
    MIDDLEBY CORP 2013-11 PURCHASE 2018-12   2,539 1,660     879  
    MIDDLEBY CORP 2017-08 PURCHASE 2018-12   4,085 4,857     -772  
    MSCI INC 2016-09 PURCHASE 2018-06   6,975 3,510     3,465  
    NOVARTIS AG 2013-11 PURCHASE 2018-03   15,145 14,996     149  
    NXP SEMICONDUCTORS 2015-09 PURCHASE 2018-03   12,725 9,547     3,178  
    PAYPAL HOLDINGS 2015-09 PURCHASE 2018-12   1,393 543     850  
    PAYPAL HOLDINGS 2016-06 PURCHASE 2018-12   2,960 1,229     1,731  
    SALESFORCE COM 2014-06 PURCHASE 2018-06   3,047 1,257     1,790  
    SALESFORCE COM 2014-06 PURCHASE 2018-12   3,370 1,429     1,941  
    SVB FINL GROUP 2016-03 PURCHASE 2018-03   2,204 907     1,297  
    SVB FINL GROUP   PURCHASE 2018-06   7,206 2,293     4,913  
    SVB FIN GROUP 2014-10 PURCHASE 2018-12   13,342 7,361     5,981  
    SYMANTEC CORP 2016-12 PURCHASE 2018-04   15,121 15,286     -165  
    TESLA INC   PURCHASE 2018-03   5,106 3,797     1,309  
    TESLA INC 2016-03 PURCHASE 2018-12   3,725 2,371     1,354  
    US BANCORP 2017-02 PURCHASE 2018-10   20,000 20,008     -8  
    UMPQUA HOLDINGS CORP   PURCHASE 2018-06   3,498 2,673     825  
    UNITED NATURAL FOODS   PURCHASE 2018-12   3,226 15,786     -12,560  
    VERSIK ANALYTICS 2016-12 PURCHASE 2018-12   2,584 1,915     669  
    WABTEC 2012-11 PURCHASE 2018-06   8,001 3,195     4,806  
    EIGHT POINT THREE ENERGY 2015-12 PURCHASE 2018-03   2,363 2,634     -271  
    EIGHT POINT THREE ENERGY   PURCHASE 2018-06   6,067 5,719     348  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BANK AMER CORP 19,816  
    HSBC HLDGS PLC 5,309  
    HSBC HOLDINGS 5.1%21 10,470  
    REGENCY CTRS LP GREEN BD 10,226  
    SYMANTIEC CORP    
    DIGITAL REALTY 3.95 15,381  
    COVIDEN INTL 14,851  
    US BANCORP 1.95%    
    MICROSOFT CORP 1.1%    
    KREDITANSTALT FUR WIED 2% 9,985  
    UPS 2.4% 19,903  
    CAPITAL IMPACT PRTNR 3.2% 9,935  
    MICROSOFT CORP 1.1% 19,806  
    STARBUCKS 2.45% 18,634  

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Name of Stock End of Year Book Value End of Year Fair Market Value
    AO SMITH 224 SHS    
    ACUITY BRANDS 57 SHS    
    ADOBE SYSTEMS 78 SHS    
    ADOBE SYSTEMS 34 SHRS 2,914  
    ALPHABET INC 21 SHRS 12,243  
    ALPHABET INC 19 SHS    
    AMERICAN WATER WORKS 148 SHS 11,591  
    AMERICAN WATER WORKS 23 SHS 2,003  
    APTIV PLC 90 SHRS 7,486  
    ASML HOLDINGS 72 SHS 7,805  
    ASML HOLDINGS 86 SHS    
    AUTODESK INC 128 SHS    
    AUTODESK INC 73 SHS 4,139  
    BECTON DICKINSON 27 SHS 4,810  
    BECTON DICKINSON 33 SHS 7,701  
    BIOGEN 41 SHS 13,350  
    BLACKBAUD 143 SHS 11,046  
    BORG WARNER 129 SHS 4,446  
    BOSTON PROPERTIES 90 SHRS 10,785  
    BRIGHT HORIZON 110 SHS 8,826  
    BYD CO LTD 577 SHRS 6,883  
    CELGENE CO 80 SHS 8,703  
    CELGENE CO 85 SHRS 7,330  
    CERNER CORP 89 SHS    
    CHIPOLTE MEXICAN GRL 16 SHS 7,084  
    CHURCH & DWIGHT CO 147 SHS 7,077  
    CITRIX SYS 123 SHS    
    EATON CORP 124SHS 5,865  
    EATON CORP 173 SHS    
    FIRST SOLAR 72 SHS 4,958  
    FIRST SOLAR 129 SHRS 6,828  
    FOREST CITY 569 SHS    
    HANNON AN 511 SHS    
    HANNON ARMSTRONG SUS 776 SHRS 13,071  
    HCP 283 SHS    
    HERCULES CAPITAL 474 SHS 6,453  
    HERCULES CAPITAL 509 SHS 6,482  
    HEXCEL COR 188SHS 7,411  
    HEXCEL CORP 228 SHS    
    HOLOGIC 441 SHS    
    HORACE MANN 153 SHS    
    ILLUMINA INC 20 SHS    
    ILLUMINA INC 35 SHS 7,909  
    INGERSOLL 87SHS 7,709  
    INGERSOLL 75 SHS 6,379  
    ITRON INC 195 SHS 11,794  
    JB HUNT 63 SHS 4,508  
    KLONINKLIJKE PHILIPS 296 SHS 11,112  
    LOGMEIN 66 SHS    
    LOGMEIN 91 SHS 8,753  
    LULULEMON ATHLETICA 128 SHS 6,772  
    LULULEMON ATHLETICA 220 SHS    
    MASTERCARD 59 SHS 10,279  
    MAXIM INTER 130 SHS 6,984  
    MAXIM INTER 100 6,020  
    MCCORMICK    
    MCCORMICK 133 SHS 13,161  
    MCSI INC 125 SHS    
    MERCK & CO 213 SHS 13,333  
    MERCK & CO 65 SHS 6,977  
    MIDDLEBY CORP 74 SHS 6,738  
    MIDDLEBY CORP 90 SHS    
    MSCI 84 SHS 7,192  
    NIKE INC 140 SHS 8,557  
    NOVARTIS A G 192 SHS    
    NXP SEMICONDUCTORS 105 SHS    
    NXP SEMICONDUCTORS 75 SHS 5,651  
    ORMAT TECH 337 SHS 12,411  
    ORMAT TECH 206 SHS    
    OWENS ILLINOIS 707 SHS 11,352  
    OWENS ILLINOIS 467SHS    
    PALO ALTO NETWORKS 69 SHS 9,999  
    PAYPAL HOLDINGS 182 SHS 5,845  
    PAYPAL HOLDINGS 232 SHS    
    PREMIER 166 SHS    
    PROLOGICS 133 SHS    
    ROYAL BK OF CAN 138 SHS 11,162  
    SALESFORCE 133 SHS    
    SALESFORCE 86 SHS 4,915  
    SAP SPONSORED 123 SHS 11,271  
    SMITH A O 224 SHS 8,700  
    SONOCO PRC 139 SHS 6,064  
    STARBUCKS CORP 247 SHS 6,321  
    SVB FINANCIAL 61 SHS 5,902  
    SVB FINANCIAL 92 SHS    
    TESLA MOTORS 28 SHS    
    TPI COMPO 350 SHS 7,427  
    THE TRAVERS 132 SHS    
    TRAVELERS CO 152 SHS 19,052  
    UMPQUA H OLDINGS 925 SHS    
    UMPQUA HOLDINGS 777 SHS 12,931  
    UNILEVER 348 SHS 14,006  
    UNILEVER 666 SHS    
    VERISK 59 SHS 4,913  
    VERISK 82 SHS    
    WABTEC 79 SHS    
    WATERS CORP 58 SHS 5,881  
    WEIGHT WATCHERS INTL 165 SHS 7,263  
    XYLEM 201 SHS 8,166  
    8POINT3 688 SHS    

    TY 2018 InvestmentsGovtObligationsSch
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    US Government Securities - End of Year Book Value:

    73,958
    US Government Securities - End of Year Fair Market Value:

     
    State & Local Government Securities - End of Year Book Value:


     
    State & Local Government Securities - End of Year Fair Market Value:


     


    TY 2018 InvestmentsOtherSchedule2
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PROLOGIS INC. 201 UNITS AT COST 9,380  

    TY 2018 OtherExpensesSchedule
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
      95      


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES FOR BYLAW CHANGE 2,282      
    INVESTMENT FEES 6,273      


    TY 2018 TaxesSchedule
    Name:
    PATHFINDER FUND
    EIN:
    34-6536633
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX PAID 671