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
THE ASHURST FOUNDATION
C/O ELIZABETH K POZEN
Number and street (or P.O. box number if mail is not delivered to street address)9 ARLINGTON STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA021163410
A Employer identification number

20-6325176
B Telephone number (see instructions)

(617) 816-7903
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$19,070,772J 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 28,840 28,840  
4 Dividends and interest from securities... 1,028,919 1,028,919  
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 35,974
b Gross sales price for all assets on line 6a 5,950,055
7 Capital gain net income (from Part IV, line 2)... 1,664
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 192,660 8,335 184,325
12 Total. Add lines 1 through 11........ 1,286,393 1,067,758 184,325
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 2,200 2,200    
c Other professional fees (attach schedule).... Click to see attachment 22,500 22,500    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 5,295 5,295    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 508 8    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 30,503 30,003   0
25 Contributions, gifts, grants paid....... 1,052,000 1,052,000
26 Total expenses and disbursements. Add lines 24 and 25 1,082,503 30,003   1,052,000
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 203,890
b Net investment income (if negative, enter -0-) 1,037,755
c Adjusted net income (if negative, enter -0-)... 184,325
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 294,612 323,391 323,391
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 15,078,872 Click to see attachment12,986,317 12,986,317
c Investments—corporate bonds (attach schedule)....... 400,000 Click to see attachment400,000 400,000
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 6,441,051 Click to see attachment5,361,064 5,361,064
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) 22,214,535 19,070,772 19,070,772
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........ 22,214,535  
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds   19,070,772
30 Total net assets or fund balances (see instructions)..... 22,214,535 19,070,772
31 Total liabilities and net assets/fund balances (see instructions). 22,214,535 19,070,772
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
22,214,535
2
Enter amount from Part I, line 27a .....................
2
203,890
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
22,418,425
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
3,347,653
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
19,070,772
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 1,664
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 1,006,648 21,203,560 0.047475
2016 959,727 20,433,883 0.046967
2015 965,232 19,456,199 0.049611
2014 803,350 19,730,447 0.040716
2013 637,550 17,900,743 0.035616
2
Total of line 1, column (d) .....................
2
0.220385
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
0.044077
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
19,699,030
5
Multiply line 4 by line 3......................
5
868,274
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
10,378
7
Add lines 5 and 6........................
7
878,652
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,052,000
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 10,378
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 10,378
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 10,378
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 8,352
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,352
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 2,026
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (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)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (617) 954-5707

    Located atbullet9 ARLINGTON STREETBOSTONMA ZIP+4bullet021163410
    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
    ELIZABETH K POZEN TRUSTEE
    000.00     		0 0 0
    9 ARLINGTON STREET
    BOSTON,MA021163410
    ROBERT C POZEN TRUSTEE
    000.00     		0 0 0
    9 ARLINGTON STREET
    BOSTON,MA021163410
    DAVID E POZEN TRUSTEE
    000.00     		0 0 0
    305 RIVERSIDE DRIVE
    NEW YORK,NY10025
    JOANNA R POZEN TRUSTEE
    000.00     		0 0 0
    166 PROSPECT PLACE APT 2
    BROOKLYN,NY11238
    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
    19,122,576
    b
    Average of monthly cash balances.......................
    1b
    476,439
    c
    Fair market value of all other assets (see instructions)................
    1c
    400,000
    d
    Total (add lines 1a, b, and c).........................
    1d
    19,999,015
    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
    19,999,015
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    299,985
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    19,699,030
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    984,952
    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
    984,952
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    10,378
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,378
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    974,574
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    974,574
    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
    974,574
    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
    1,052,000
    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
    1,052,000
    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
    10,378
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,041,622
    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 7 974,574
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 1,051,436
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014......  
    c From 2015......  
    d From 2016......  
    e From 2017......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,052,000
    a Applied to 2017, but not more than line 2a 1,051,436
    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..... 564
    e Remaining amount distributed out of corpus  
    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  
    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 ..........     		974,010
    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) ...     		 
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017....  
    e Excess from 2018....  
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2018, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2018 (b) 2017 (c) 2016 (d) 2015
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    ELIZABETH K POZEN
    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.
    NONE
    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
    ALZHEIMERS ASSOCIATION
    480 PLEASANT ST
    WATERTOWN,MA02472     		  501 (C) (3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 5,000
    ACLU
    211 CONGRESS ST
    BOSTON,MA02110     		  501 (C) (3) TO SUPPORT ORG.'S TAX-EXEPMT PURPOSE 2,000
    AMERICAN ACADEMY OF ARTS AND SCIENC
    136 IRVINGS ST
    CAMBRIDGE,MA02138     		  501(C)(3) TO SUPPORT OR.'S TAX-EXEMPT PURPOSE 500
    ANIMAL RESCUE LEAGUE OF BOSTON
    10 CHANDLER ST
    BOSTON,MA02116     		  501(C)(3) TO SUPPORT OR'S TAX-EXEMPT PURPOSE 1,000
    ANTI-DEFAMATION LEAGUE BOSTON
    40 COURT STREET
    BOSTON,MA02108     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 5,000
    ASHOKA
    1700 MAIN ST
    ARLINGTON,VA22209     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 500
    AUSCHWITZ INST FOR PEACE & RECONCIL
    2 WEST 45TH ST 1602
    NEW YORK,NY10036     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 50,000
    BOSTON FOUNDATION
    75 ARLINGTON STREET
    BOSTON,MA02116     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 45,000
    BOSTON HIGHER ED RESOURCE CENTER
    68 NORTHHAMPTON ST
    BOSTON,MA02118     		  501(C)(3) TO SUPPORT OR'S TAX- EXEMPT PURPOSE 1,000
    BRIDGE OVER TROUBLED WATERS
    47 WEST ST
    BOSTON,MA02111     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 500
    BRIDGEPORT TENNIS
    PO BOX 185574
    HAMDEN,CT06518     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 250
    BROOKINGS INSTITUTION
    1775 MASSACHUSETTS AVE
    WASHINGTON,DC20036     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 150,000
    BROOKLYN MUSEUM
    200 EASTERN PARKWAY
    BROOKLYN,NY112386025     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 25,000
    CAPITAL MARKETS REGULATIONS COMMITT
    125 MT AUBURN STREET
    CAMBRIDGE,MA02138     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 2,000
    CENTRAL REFORM TEMPLE
    15 NEWBURY ST
    BOSTON,MA02116     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 500
    COMBINED JEWISH PHILANTROPIES
    126 HIGH STREET
    BOSTON,MA02110     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 10,000
    COMMITTEE TO LIGHT COMMONWEALTH AVE
    234 CLARENDON STREET
    BOSTON,MA02116     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 1,000
    COMPACT OF CAPE COD
    3239 MAIN ST
    BARNSTABLE,MA02630     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 1,000
    COUNCIL ON FOREIGN RELATIONS
    58 EAST 68TH ST
    NEW YORK,NY10065     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 250
    DIMOCK COMMUNITY HEALTH CENTER
    55 DIMOCK STREET
    ROXBURY,MA02119     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 5,000
    DOCTORS WITHOUT BORDERS
    333 SEVENTH AVE
    NEW YORK,NY10001     		  501(C)(3) TO SUPPORT OR'S TAX-EXEMPT PURPOSE 1,000
    EQUALITY MICHIGAN EDUCATION FUND
    19641 WEST 7 MILE ROAD
    DETROIT,MI48219     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 10,000
    EVERY TOWN FOR GUN SAFETY
    PO BOX 4184
    NEW YORK,NY10146     		  501(C)(3) TO SUPPORT THE OR'S TAX-EXEMPT PURPO 30,000
    FACING HISTORY
    16 HURD STREET
    BROOKLINE,MA02445     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 500
    FEATHERSTONE ARTS CENTER
    PO BOX 1145
    OAK BLUFFS,MA02557     		  501(C)(3) TO SUPPORT ORG.'S TAX EMEMPT PURPOSE 3,000
    FRIENDS OF THE PUBLIC GARDEN
    87 MOUNT VERNON ST
    BOSTON,MA02116     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 10,000
    HARVARD UNIVERSITY
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 121,000
    HOME FOR LITTLE WANDERERS
    271 HUNTINGTON AVE
    BOSTON,MA02115     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 30,000
    INSTITUTE OF CONTEMPORARY ART
    100 NORTHERN AVENUE
    BOSTON,MA02210     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 2,000
    INSTITUTE FOR INTERNATIONAL EDU
    1400 K ST NW 650
    WASHINGTON,DC20005     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 1,000
    JAPAN SOCIETY
    50 MILK ST
    BOSTON,MA02109     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 5,000
    MARTHA'S VINEYARD HEBREW CENTER
    130 CENTER STREET
    VINEYARD HAVEN,MA02568     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 500
    MARTHA'S VINEYARD SUMMER INSTITUTE
    PO BOX 692
    VINEYARD HAVEN,MA02568     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 3,000
    MASS COLLEGE OF ART
    621 HUNTINGTON AVE
    BOSTON,MA02115     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 121,000
    MASS GENERAL HOSPITAL
    100 CAMBRIDGE ST
    BOSTON,MA02114     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 100
    MASSACHUSETTS INSTITUTE FOR TECHNOL
    600 MEMORIAL DRIVE
    CAMBRIDGE,MA02139     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 10,000
    MASS POETRY
    15 CHANEL CENTER ST
    BOSTON,MA02110     		  501(C)(3) TO SUPPORT THE OR'S TAX-EXEMPT PURPO 1,000
    MCMULLEN MUSEUM
    140 COMMONWEALTH AVE
    CHESTNUT HILL,MA02467     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 500
    MEDIA MATTERS
    455 MASS AVE NW
    WASHINGTON,DC20001     		  501(C)(3) TO SUPPORT THE OR'S TAX-EXEMPT PURPO 25,000
    MERCY CORPS
    45 SW ANKENY ST
    PORTLAND,OR97204     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 1,000
    MV CHAMBER MUSIC SOCIETY
    PO BOX 4189
    VINEYARD HAVEN,MA02568     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 300
    MV COMMUNITY SERVICES
    111 EDGARTOWN RD
    OAK BLUFFS,MA02557     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 150
    MUSEUM OF FINE ARTS BOSTON
    465 HUNTINGTON AVE
    BOSTON,MA02115     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 17,000
    NAT'L DEMOCRATIC REDISTRICTING FDN
    700 13TH ST NW
    WASHINGTON,DC20005     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 10,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET
    NEW YORK,NY10011     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 25,000
    NEVUS OUTREACH INC
    600 SE DELAWARE AVE
    BARTLESVILLE,OK74003     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 10,000
    NORTHSTAR FUND
    520 8TH AVE
    NEW YORK,NY10018     		  501(C)(3) TO SUPPORT ORG.'S TAX EXEMPT PURPOSE 25,000
    PARK SLOPE CHILD CARE COLLABORATIVE
    186 ST JOHNS PLACE
    BROOKLYN,NY11217     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 15,000
    PINE STREET INN
    444 HARRISON AVE
    BOSTON,MA02118     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 250
    PLANNED PARENTHOOD
    1055 COMMONWEALTH AVE
    BOSTON,MA02215     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 2,500
    PROTECT OUR DEFENDERS
    20 PARK ROAD
    BURLINGAME,CA94010     		  501(C)(3) TO SUPPORT TAX-EXEMPT PURPOSE 1,000
    SOUTHERN POVERTY LAW CENTER
    403 WASHINGTON AVE
    MONTGOMERY,AL36104     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 1,000
    TEACH FOR AMERICA
    60 CANAL ST
    BOSTON,MA02114     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 1,500
    TENACITY
    38 EVERETT ST
    BOSTON,MA02134     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 6,000
    TIDES CENTER FOR ADVOCACY INSTITUTE
    PO BOX 29229
    SAN FRANCISCO,CA94129     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 25,000
    TUFTS MEDICAL CENTER
    800 WASHINGTON ST
    BOSTON,MA02111     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 750
    UNITED WAY OF MASS BAY
    51 SLEEPER STREET
    BOSTON,MA02210     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 10,000
    URBAN INSTITUTE
    2100 M ST NW
    WASHINGTON,DC20037     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 150,000
    VIDEO ACTION
    1200 18TH ST NW
    WASHINGTON,DC20036     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 1,000
    VINEYARD TENNIS FOUNDATION
    PO BOX 507
    VINEYARD HAVEN,MA02568     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 200
    VINEYARD PLAYHOUSE
    24 CHURCH STREET
    VINEYARD HAVEN,MA02568     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 5,000
    WBUR
    890 COMMONWEALTH AVE 3F
    BOSTON,MA02215     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 1,000
    WGBH
    ONE GUEST STREET
    BOSTON,MA02135     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 25,000
    WOMEN'S REFUGEE COMMISSION
    122 EAST 42ND ST
    NY,NY10168     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 27,000
    WORLD WILDLIFE FUND
    1250 24TH ST NW
    WASHINGTON,DC20037     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 250
    YALE LAW SCHOOL
    PO BOX 2038
    NEW HAVEN,CT06521     		  501(C)(3) TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 1,000
    YOUNG CENTER FOR IMMIGRANT CHILDREN
    1700 W IRVING PARK RD
    CHICAGO,IL60613     		NONE 501(C)3 TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE 10,000
    Total .................................bullet 3a 1,052,000
    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
    aFROM K1 BLACKSTONE GROUP LP         2
    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 28,840  
    4 Dividends and interest from securities....     14 1,028,919  
    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 8,335  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 1,664 34,310
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCANADIAN TAX REFUND     		    14 184,333  
    bFROM BLACKSTONE K-1     14 19  
    cPARTNERSHIPS         -29
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   1,252,110 34,283
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,286,393
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below
    (see instr.)?
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2018)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2018 AccountingFeesSchedule
    Name:
    THE ASHURST FOUNDATION
     
    C/O ELIZABETH K POZEN
    EIN:
    20-6325176
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 2,200 2,200    

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

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    THE ASHURST FOUNDATION
     
    C/O ELIZABETH K POZEN
    EIN:
    20-6325176
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SEE ATTACHED FIRST REPUBLIC 1099-B   PURCHASE     4,260,699 4,538,166     -277,467  
    SEE ATTACHED FIRST REPUBLIC 1099-B   PURCHASE     1,070,585 1,248,961     -178,376  
    SEE ATTACHED FIRST REPUBLIC 1099-B   PURCHASE     617,107 126,954     490,153  

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    THE ASHURST FOUNDATION
     
    C/O ELIZABETH K POZEN
    EIN:
    20-6325176
    Name of Bond End of Year Book Value End of Year Fair Market Value
    PERELLA AND WEINBERG DEBENTURES 400,000 400,000

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    THE ASHURST FOUNDATION
     
    C/O ELIZABETH K POZEN
    EIN:
    20-6325176
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC COM 248,913 248,913
    ADVANSIX INC COM 3,091 3,091
    ALTRIA GROUP INC 451,919 451,919
    AT&T INC COM 360,746 360,746
    BCE INC COM NEW 4,411,627 4,411,627
    BLACKSTONE GROUP LP 68,563 68,563
    CONOCOPHILLIPS 162,110 162,110
    CYS INVTS INC COM    
    DEERE & COMPANY 238,672 238,672
    EXXON MOBIL CORP 220,936 220,936
    GARRETT MOTION INC 3,924 3,924
    GENERAL ELECTRIC CO COM 40,878 40,878
    GENERAL MILLS INC COM 253,110 253,110
    GILEAD SCIENCES INC 245,822 245,822
    GOLDMAN SACHS GROUP INC COM    
    HONEYWELL INTL INC 420,802 420,802
    INTEL CORP COM 234,650 234,650
    INTL BUSINESS MACHINES 59,677 59,677
    JOHNSON & JOHNSON 245,195 245,195
    JPMORGAN CHASE & CO 443,195 443,195
    KRAFT FOODS INC CL A 48,119 48,119
    MONDELEZ INTL INC 134,341 134,341
    MONSANTO CO    
    NIELSEN HOLDINGS 433,938 433,938
    NIKE INC 276,542 276,542
    PFIZER INC COM 163,688 163,688
    PHILIP MORRIS INTL INC 185,927 185,927
    RESIDEO TECHNOLOGIES INC COM 10,892 10,892
    UNITED TECHNOLOGIES CORP 182,613 182,613
    VERIZON COMMUNICATIONS INC 545,334 545,334
    AGNC INVT CORP COM 929,620 929,620
    ANNALY CAP MGMT INC COM 923,080 923,080
    AVALONBAY CMNTYS INC COM 37,421 37,421
    DIGITAL RLTY TR INC COM 58,603 58,603
    TWO HBRS INVT CORP COM NEW 898,787 898,787
    UDR INC COM 43,582 43,582

    TY 2018 InvestmentsOtherSchedule2
    Name:
    THE ASHURST FOUNDATION
     
    C/O ELIZABETH K POZEN
    EIN:
    20-6325176
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALPS ETF TR ALERIAN MLP ETF FMV 250,726 250,726
    EATON VANCE FLOATING RATE INCOME TR FMV 327,451 327,451
    FIDELITY FLOATING RATE HIGH INC FMV 301,178 301,178
    JPMORGAN CHASE & CO ALERIAN MLP INDE FMV 98,208 98,208
    INVESCO ETF TRII EMERGING MARKETS FMV 430,646 430,646
    SELECT SECTOR SPDR TR UTILS FMV 150,822 150,822
    SPDR INDEX SHS FDS S&P INTL DIV FMV 778,035 778,035
    SPDR SER TR S&P REGL BKG FMV 177,802 177,802
    VANGUARD INDEX FDS VANGUARD REIT ETF FMV 487,315 487,315
    VANGUARD WORLD FDS VANGUARD CONSUMER FMV    
    WISDOMTREE TR DIVID EX-FINANCIALS FD FMV 1,152,391 1,152,391
    WISDOMTREE TR EUROPE SMALLCAP DIVID FMV 630,982 630,982
    WISDOMTREE TR MIDCAP DIVID FD FMV 575,508 575,508

    TY 2018 OtherDecreasesSchedule
    Name:
    THE ASHURST FOUNDATION
     
    C/O ELIZABETH K POZEN
    EIN:
    20-6325176
    Description Amount
    CHANGE IN MARKET VALUE 3,347,653


    TY 2018 OtherExpensesSchedule
    Name:
    THE ASHURST FOUNDATION
     
    C/O ELIZABETH K POZEN
    EIN:
    20-6325176
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXPENSES        
    STATE FILING FEES 500      
    STOP PAYMENT 8 8    


    TY 2018 OtherIncomeSchedule2
    Name:
    THE ASHURST FOUNDATION
     
    C/O ELIZABETH K POZEN
    EIN:
    20-6325176
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PERSHING LLC-776 8,226 8,226  
    FROM BLACKSTONE K-1 109 109  
    FROM K1 BLACKSTONE GROUP LP 2   2
    CANADIAN TAX REFUND 184,333   184,333
    FROM BLACKSTONE K-1 19   19
    PARTNERSHIPS -29   -29


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    THE ASHURST FOUNDATION
     
    C/O ELIZABETH K POZEN
    EIN:
    20-6325176
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    VIA GLOBEL ADVISORS 22,500 22,500    


    TY 2018 TaxesSchedule
    Name:
    THE ASHURST FOUNDATION
     
    C/O ELIZABETH K POZEN
    EIN:
    20-6325176
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD-776 5,295 5,295