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 05-01-2018 , and ending 04-30-2019
Name of foundation
GARDINER HOWLAND SHAW FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)C/O WELCH FORBES LLC 45 SCHOOL ST
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02108
A Employer identification number

04-6111826
B Telephone number (see instructions)

(617) 523-1635
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$23,087,621J 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) 2,500
2 Check bullet.............
3 Interest on savings and temporary cash investments 37,132 37,132  
4 Dividends and interest from securities... 442,716 442,716  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 875,365
b Gross sales price for all assets on line 6a 2,150,852
7 Capital gain net income (from Part IV, line 2)... 875,365
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........ 1,357,713 1,355,213  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 166,899 0   166,899
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 41,957 0   41,957
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 7,060 7,060   0
c Other professional fees (attach schedule).... Click to see attachment 110,604 110,604   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 24,802 1,552   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 400 0   400
21 Travel, conferences, and meetings....... 6,337 0   6,337
22 Printing and publications.......... 825 0   825
23 Other expenses (attach schedule)....... Click to see attachment 5,948 125   5,823
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 364,832 119,341   222,241
25 Contributions, gifts, grants paid....... 798,794 798,794
26 Total expenses and disbursements. Add lines 24 and 25 1,163,626 119,341   1,021,035
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 194,087
b Net investment income (if negative, enter -0-) 1,235,872
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2018)
Form 990-PF (2018)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 30,840 40,305 40,305
2 Savings and temporary cash investments......... 545,192 1,430,143 1,430,143
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)....... 7,098,337 Click to see attachment6,870,320 18,202,511
c Investments—corporate bonds (attach schedule)....... 2,206,664 Click to see attachment2,003,702 2,004,198
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,640,944 Click to see attachment1,371,594 1,410,464
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) 11,521,977 11,716,064 23,087,621
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 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........ 11,521,977 11,716,064
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 0 0
30 Total net assets or fund balances (see instructions)..... 11,521,977 11,716,064
31 Total liabilities and net assets/fund balances (see instructions). 11,521,977 11,716,064
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
11,521,977
2
Enter amount from Part I, line 27a .....................
2
194,087
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
11,716,064
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
11,716,064
Form 990-PF (2018)
Form 990-PF (2018)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 500 SHS MCDONALDS CORP P 2010-06-14 2018-06-12
b 500 SHS STRYKER CORP P 2008-11-14 2018-06-12
c 500 SHS AUTOMATIC DATA PROCESSING INC P 2005-04-22 2018-06-12
d 500 SHS DANAHER CORP P 2007-05-21 2018-06-12
e 700 SHS ISHARES IBOXX INVST GRADE CRP BOND P 2009-06-11 2018-06-12
300 SHS ISHARES SHORT-TERM CORP BOND P 2010-06-18 2018-06-12
400 SHS ISHARES SHORT-TERM CORP BOND P 2012-10-04 2018-06-12
900 SHS VANGUARD INTERMEDIATE TERM BOND P 2009-06-11 2018-06-12
500 SHS HOME DEPOT INC P 2009-02-25 2018-06-12
500 SHS JOHNSON & JOHNSON P 2002-12-23 2018-06-12
1000 SHS MICROSOFT CORP P 2002-10-23 2018-06-12
500 SHS VISA INC CLASS A P 2010-06-14 2018-06-12
200000 UNITS KENNAMETAL INC SR NT P 2013-06-03 2018-07-09
1500 SHS PRAXAIR INC P 2008-11-14 2018-09-21
1000 SHS ISHARES SHORT-TERM CORP BOND P 2010-06-18 2018-09-24
2500 SHS PRAXAIR INC P 2008-11-14 2018-10-30
200000 UNITS CVS HEALTH CORP NOTE P 2013-12-24 2018-12-05
200000 UNITS CAPITAL ONE FINANCIAL CORP SR GLBL NT P 2017-05-05 2019-03-25
(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 83,294   34,866 48,428
b 82,279   23,254 59,025
c 67,809   17,648 50,161
d 51,552   13,458 38,094
e 79,989   68,999 10,990
31,047   31,101 -54
41,396   42,190 -794
72,370   68,083 4,287
100,019   10,145 89,874
61,179   27,310 33,869
101,090   26,085 75,005
67,114   9,383 57,731
200,000   200,280 -280
248,710   94,069 154,641
51,714   51,835 -121
411,290   156,781 254,509
200,000   200,000 0
200,000   200,000 0
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       48,428
b       59,025
c       50,161
d       38,094
e       10,990
      -54
      -794
      4,287
      89,874
      33,869
      75,005
      57,731
      -280
      154,641
      -121
      254,509
      0
      0
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 2 875,365
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 1,061,970 20,888,805 0.050839
2016 943,999 19,537,900 0.048316
2015 926,481 18,834,490 0.049191
2014 976,247 19,676,750 0.049614
2013 953,050 18,705,539 0.050950
2
Total of line 1, column (d) .....................
2
0.248910
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
0.049782
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
21,209,871
5
Multiply line 4 by line 3......................
5
1,055,870
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
12,359
7
Add lines 5 and 6........................
7
1,068,229
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,021,035
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 24,717
hereBulletand enter 1% of Part I, line 27b...................
c All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 24,717
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 24,717
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 31,714
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 31,714
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 6,997
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet6,997 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.SHAWFOUNDATION.ORG
    14
    The books are in care ofbulletWELCH FORBES LLC Telephone no.bullet (617) 523-1635

    Located atbullet45 SCHOOL STREETBOSTONMA ZIP+4bullet02108
    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
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2018?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2018, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2018?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2018 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2018.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2018?
    4b
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........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
    THOMAS E COURY EXECUTIVE DIRECTOR
    40.00     		166,899 30,943 0
    59 GILBERT ROAD
    NEEDHAM,MA02192
    BENJAMIN J WILLIAMS JR TRUSTEE
    1.00     		0 0 0
    45 SCHOOL STREET
    BOSTON,MA02108
    THEODORE E OBER TRUSTEE
    0.50     		0 0 0
    45 SCHOOL STREET
    BOSTON,MA02108
    PETER P BROWN TRUSTEE
    0.50     		0 0 0
    45 SCHOOL STREET
    BOSTON,MA02108
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    WELCH & FORBES LLC INVESTMENT MANAGEMENT 110,604
    45 SCHOOL STREET
    BOSTON,MA02108
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 TECHNICAL ASSISTANCE TO GRANTEES:19 ORGANIZATIONS ASSISTED TOTAL HOURS = 131 15,952
    2 TECHNICAL ASSISTANCE TO OTHER ORGANIZATIONS:12 ORGANIZATIONS ASSISTED TOTAL HOURS = 62 7,549
    3 CRIMINAL JUSTICE REFORM COALITION TOTAL HOURS = 37 4,140
    4 PUBLICATIONS, RESEARCH, PRESENTATIONS: TOTAL HOURS = 40 4,871
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (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
    21,497,686
    b
    Average of monthly cash balances.......................
    1b
    35,178
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    21,532,864
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    21,532,864
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    322,993
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    21,209,871
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,060,494
    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
    1,060,494
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    24,717
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    24,717
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,035,777
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,035,777
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,035,777
    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
    1,021,035
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,021,035
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,021,035
    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 1,035,777
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2018:
    a From 2013......  
    b From 2014...... 2,897
    c From 2015...... 3,806
    d From 2016......  
    e From 2017...... 40,370
    fTotal of lines 3a through e........ 47,073
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,021,035
    a Applied to 2017, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2018 distributable amount..... 1,021,035
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 14,742 14,742
    (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 32,331
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2017. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2018. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2019 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2013 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2019.
    Subtract lines 7 and 8 from line 6a ......     		32,331
    10 Analysis of line 9:
    a Excess from 2014....  
    b Excess from 2015....  
    c Excess from 2016....  
    d Excess from 2017.... 32,331
    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).)
    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 e-mail address of the person to whom applications should be addressed:
    THOMAS E COURY GARDINER HOWLAND SHA
    355 BOYLSTON STREET
    BOSTON,MA02116
    (617) 247-3500
    bThe form in which applications should be submitted and information and materials they should include:
    WRITTEN PROPOSAL
    cAny submission deadlines:
    NONE
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    ORGANIZATIONS MUST DEAL WITH THE PREVENTION OF CRIME AND THE REHABILITATION OF CRIMINALS.
    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
    ADOLESCENT CONSULTATION SERVICES INC
    189 CAMBRIDGE STREET
    CAMBRIDGE,MA02141     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE JUVENILE COURT CLINIC ADVOCACY PROJECT. 9,000
    BETHEL INSTITUTE FOR SOCIAL JUSTICE
    40 WALK HILL STREET
    BOSTON,MA02130     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S YOUTH PROGRAMS. 9,000
    BOSTON FOUNDATION
    75 ARLINGTON STREET
    BOSTON,MA02116     		N/A OTHER PUBLIC CHARITY SUPPORT FOR TBF CIVIC FUND. 3,000
    CHILDREN'S ADVOCACY CENTER OF SUFFOLK COUNTY
    989 COMMONWEALTH AVENUE
    BOSTON,MA02215     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S SEXUAL EXPLOITATION PREVENTION PROGRAMS. 2,500
    CHILDREN'S LAW CENTER OF MASSACHUSETTS
    298 UNION STREET
    LYNN,MA01901     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S LEGAL ADVOCACY PROGRAM SERVING REFUGEE YOUTH. 10,000
    CHILDREN'S TRUST FUND
    55 COURT STREET
    BOSTON,MA02108     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE MALE PARENTING PROJECT. 11,000
    CITIZENS FOR JUVENILE JUSTICE
    44 SCHOOL STREET
    BOSTON,MA02108     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S JUVENILE JUSTICE ADVOCACY SERVICES. 32,500
    COMMUNITY DISPUTE SETTLEMENT CENTER
    60 GORE STREET
    CAMBRIDGE,MA02141     		N/A OTHER PUBLIC CHARITY SUPPORT FOR COURT MEDIATION SERVICES. 2,500
    COMMUNITY RESOURCES FOR JUSTICE
    355 BOYLSTON STREET
    BOSTON,MA02116     		N/A OTHER PUBLIC CHARITY GENERAL SUPPORT. 65,000
    COMMUNITY SERVINGS INC
    179 AMORY STREET
    JAMAICA PLAIN,MA02130     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE VOCATIONAL TRAINING PROGRAM FOR PAROLEES. 10,000
    CELEBRATION FOR KIDS INC
    10 LINCOLN ROAD 208
    FOXBORO,MA02035     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S FUNDRAISING INITIATIVE. 3,000
    DISMAS HOUSE
    30 RICHARDS STREET
    WORCESTER,MA01603     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S OFFENDER RE-ENTRY SERVICES. 20,000
    DOC WAYNE YOUTH SERVICES
    418 COMMONWEALTH AVENUE
    BOSTON,MA02215     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S CLINICAL YOUTH SPORTS PROGRAMS. 5,000
    EPOCA INC
    5 PLEASANT STREET 3RD FLR
    WORCESTER,MA01609     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE PRISON REFORM ADVOCACY PROJECT. 15,000
    ESSEX COUNTY COMMUNITY FOUNDATION
    175 ANDOVER STREET
    DANVERS,MA01923     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE 2018 YOUTH CONFERENCE. 1,000
    FAMILIES FOR JUSTICE AND HEALING
    100R WARREN STREET
    ROXBURY,MA02119     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S PRISON REFORM ACTIVITIES. 15,000
    FREEDOM MINISTRIES INC
    PO BOX 51521
    BOSTON,MA02205     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S JUVENILE FAMILY VISITATION PROJECT. 8,000
    FRIENDS OF BOSTON'S HOMELESS
    12 WISE STREET
    BOSTON,MA02130     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S SERVICES FOR HOMELESS EX-OFFENDERS. 2,500
    GREATER BOSTON LEGAL SERVICES
    197 FRIEND STREET
    BOSTON,MA02114     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S CORI IMPLEMENTATION PROJECT. 20,000
    HEALTH LAW ADVOCATES
    1 FEDERAL STREET
    BOSTON,MA02110     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE JUVENILE JUSTICE MENTAL HEALTH PROJECT. 17,500
    INNERCITY WEIGHTLIFTING
    PO BOX 171313
    BOSTON,MA02117     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE GANG VIOLENCE PREVENTION PROGRAM. 750
    JUVENILE LAW CENTER
    1315 WALNUT STREET
    PHILADELPHIA,PA19107     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S NATIONAL JUVENILE JUSTICE REFORM PROJECT. 5,000
    MA COMMUNITIES ACTION NETWORK
    14 CUSHING AVE
    DORCHESTER,MA02125     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S COMMUNITY BASED CRIMINAL JUSTICE REFORM PROJECT. 15,000
    MA COUNCIL OF HUMAN SERVICE PROVIDERS INC
    88 BROAD STREET
    BOSTON,MA02110     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE PROVIDERS ANNUAL TRAINING CONFERENCE. 4,000
    MA OFFICE OF PUBLIC COLLABORATION
    100 MORRISSEY BLVD
    BOSTON,MA02125     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE JAIL BASED OFFENDER/VICTIM MEDIATION PROJECT. 18,000
    MASSINC
    11 BEACON STREET SUITE 500
    BOSTON,MA02108     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S CRIMINAL JUSTICE REFORM PROJECT AND THE ANNUAL MA CRIMINAL JUSTICE SUMMIT. 45,000
    MISSION SAFE
    18 JOHN ELIOT SQUARE
    BOSTON,MA02119     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S GANG INTERVENTION PROGRAM. 10,000
    MORE THAN WORDS INC
    56 FELTON STREET
    WALTHAM,MA02453     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE YOUTH RUN ENTREPRENEURIAL PROGRAMS. 15,000
    MOTHERS FOR JUSTICE AND EQUALITY
    2201 WASHINGTON STREET
    BOSTON,MA02119     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S YOUTH DEVELOPMENT PROGRAM AND THE ANNUAL VIOLENCE PREVENTION CONFRENCE. 15,000
    NEADS INC
    305 REDEMPTION ROCK TRAIL
    PRINCETON,MA01541     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE PRISON PUP TRAINING PROJECT. 13,000
    OAK HILL COMMUNITY DEVEOPMENT CORP
    74 PROVIDENCE STREET
    WORCESTER,MA01604     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE GREATER WORCESTER COUNTY COMING HOME DIRECTORY. 15,000
    OLD COLONY YMCA
    320 MAIN STREET
    BROCKTON,MA02301     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE SOAR EX-OFFENDER RE-ENTRY PROJECT. 20,000
    ON THE RISE INC
    341 BROADWAY
    CAMBRIDGE,MA02139     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S ASSISTANCE PROGRAMS FOR HOMELESS FEMALE EX-OFFENDERS. 1,000
    PRISON BOOK PROGRAM
    1306 HANCOCK STREET
    QUINCY,MA02169     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S BOOK COLLECTION AND DISTRIBUTION PROGRAM SERVING MA PRISONS AND JAILS. 5,000
    PRISON POLICY INITIATIVE
    PO BOX 127
    NORTHAMPTON,MA01061     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S CRIMINAL JUSTICE RESEARCH AND ANALYSIS ACTIVITIES. 15,000
    PRISONERS LEGAL SERVICE
    50 FEDERAL STREET 4TH FLR
    BOSTON,MA02110     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S LEGAL ADVOCACY SERVICES ASSISTING INCARCERATED INDIVIDUALS. 22,500
    ROBERT F KENNEDY CHILDREN'S ACTION CORPS
    40 COURT STREET SUITE 410
    BOSTON,MA02108     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S JUVENILE DETENTION DIVERSION PROGRAMS. 26,000
    ROCA INC
    101 PARK STREET
    CHELSEA,MA02150     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S GANG INTERVENTION PROGRAMS. 5,000
    RODMAN RIDE FOR KIDS
    10 LINCOLN ROAD 208
    FOXBORO,MA02035     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE DISNEY FOR KIDS PROGRAM. 1,000
    ROOM TO GROW INC
    400 SHAWMUT AVE
    BOSTON,MA02118     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S PARENTING PROGRAM SERVING COURT INVOLVED FAMILIES. 11,544
    SELF ESTEEM BOSTON
    PO BOX 301156
    JAMAICA PLAIN,MA02130     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S 25TH YEAR CELEBRATION EVENT. 25,000
    SISTERS OF ST JOSEPH PRISON MINISTRY
    1020 STATE STREET
    BADEN,PA15005     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S SUPPORT AND MENTORING PROGRAM FOR FEMALE OFFENDERS RETURNING TO THE COMMUNITY. 20,000
    THE KEY PROGRAM
    670 OLD CONNECTICUT PATH
    FRAMINGHAM,MA01701     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S RESIDENTIAL PROGRAMS FOR DYS YOUTH. 5,000
    THE PETEY GREENE PROGRAM
    9 MERCER STREET
    PRINCETON,NJ08540     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S MASSACHUSETTS VOLUNTEER TUTORING PROGRAM. 20,000
    TRINITY BOSTON FOUNDATION
    206 CLARENDON STREET
    BOSTON,MA02116     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE 2018 BOSTONIANS FOR YOUTH EVENT. 5,000
    WAYSIDE YOUTH AND FAMILY SUPPORT NETWORK
    1 FREDERICK ABBOTT WAY
    FRAMINGHAM,MA01701     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE 2018 ANNUAL FUNDRAISING EVENT. 2,500
    YOUTH ADVOCACY FOUNDATION
    44 BROMFIELD STREET 2ND FLR
    BOSTON,MA02108     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE EDUCATION LAW PROJECT. 30,000
    DORCHESTER BAY EDC
    594 COLUMBIA ROAD RM 302
    DORCHESTER,MA02125     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S OFFENDER RE-ENTRY SERVICES. 20,000
    EMERSON COLLEGE
    120 BOYLSTON STREET
    BOSTON,MA02116     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE EMERSON PRISON EDUCATION PROJECT. 13,000
    INTERNATIONAL LEGAL FOUNDATION
    315 W 39TH STREET RM 507
    NEW YORK,NY10018     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE JUVENILE DEFENSE REPLICATION PROJECT. 5,000
    JAIL GUITAR DOOR INC
    PO BOX 46115
    LOS ANGELES,CA90046     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE PRISON PROJECT IN MA. 10,000
    MA LAW REFORM INSTITUTE
    40 COURT STREET RM 800
    BOSTON,MA02108     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S ANNUAL FUNDRAISING EVENT. 2,500
    MADISON PARK DEVELOPMENT CORPORATION INC
    184 DUDLEY STREET SUITE 102
    BOSTON,MA02119     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S VIOLENCE PREVENTION PROGRAMS. 10,000
    MASSACHUSETTS COMMUNITY OUTREACH
    40 WALK HILL STREET
    JAMAICA PLAIN,MA02130     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S EX-OFFENDER RE-ENTRY PROJECT. 10,000
    MERRIMACK COLLEGE
    315 TURNPIKE STREET
    NORTH ANDOVER,MA01845     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE PRISON EDUCATION PROJECT. 10,000
    PHILANTHROPY MASSACHUSETTS
    133 FEDERAL STREET SUITE 802
    BOSTON,MA02110     		N/A OTHER PUBLIC CHARITY SUPPORT FOR 2018 MEMBERSHIP. 5,000
    PINE STREET INN
    444 HARRISON AVENUE
    BOSTON,MA02118     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE PINE STREET INN HOMELESS COURT PROJECT. 15,000
    NEW GARDEN SOCIETY
    PO BOX 301264
    BOSTON,MA02130     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S HORTICULTURAL TRAINING PROGRAM FOR FEMALE OFFENDERS. 15,000
    RIA HOUSE
    330 COCHITUATE ROAD
    FRAMINGHAM,MA01701     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S SEXUAL EXPLOITATION AND HUMAN TRAFFICKING PREVENTION PROGRAMS. 9,000
    STRATEGIES FOR YOUTH
    PO BOX 390174
    CAMBRIDGE,MA02139     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S LAW ENFORCEMENT JUVENILE JUSTICE TRAINING PROGRAMS. 15,000
    THE PHOENIX
    54 NEWMARKET SQUARE
    BOSTON,MA02118     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE AGENCY'S BOSTON SOBER AND ACTIVE COMMUNITY. 5,000
    TRUSTEES OF COLUMBIA UNIVERSITY
    535 W 116TH STREET
    NEW YORK,NY10027     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE CRIME LAB EMERGING ADULT OFFENDER PROJECT. 20,000
    MENTOR INC
    201 SOUTH STREET
    BOSTON,MA02111     		N/A OTHER PUBLIC CHARITY SUPPORT FOR THE NATIONAL MENTORING PARTNERSHIP NATIONAL CONFERENCE. 2,500
    Total .................................bullet 3a 798,794
    bApproved for future payment
    Total .................................bullet 3b 0
    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 37,132  
    4 Dividends and interest from securities....     14 442,716  
    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 ............     		    18 875,365  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 1,355,213 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,355,213
    (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:
    GARDINER HOWLAND SHAW FOUNDATION
    EIN:
    04-6111826
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RUSSELL BRIER & CO, LLP 4,560 4,560   0
    WELCH & FORBES TAX PREP FEE 2,500 2,500   0

    TY 2018 InvestmentsCorpBondsSchedule
    Name:
    GARDINER HOWLAND SHAW FOUNDATION
    EIN:
    04-6111826
    Name of Bond End of Year Book Value End of Year Fair Market Value
    200,000 MEDCO HEALTH SOLUTIONS INC NOTE DTD 09/10/10, 4.125% 201,083 203,196
    200,000 EBAY INC SR GLBL NT DTD 07/28/14, 2.875% 198,088 200,006
    200,000 WALGREEN CO SR NT DTD 09/13/12, 3.1% 201,449 200,420
    200,000 FISERV INC SR GLBL NT DTD 05/22/2015, 2.7% 198,254 199,716
    200,000 EOG RESOURCES INC SR NT DTD 03/21/2014, 2.45% 200,246 199,516
    200,000 MCDONALDS CORP SR NT DTD 09/30/2011, 2.625% 202,089 199,742
    200,000 SYSCO CORP NT DTD 06/12/2012, 2.6% 200,828 198,316
    200,000 WELLS FARGO & CO NEW DTD 03/04/2016, 2.5% 200,675 199,016
    200,000 TORONTO DOMINION BANK 200,247 202,406
    200,000 UNITED PARCEL SERVICE SR NT 200,743 201,864

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    GARDINER HOWLAND SHAW FOUNDATION
    EIN:
    04-6111826
    Name of Stock End of Year Book Value End of Year Fair Market Value
    8,000 AFLAC INC 129,960 403,040
    4,000 AUTOMATIC DATA PROCESSING INC 136,616 657,560
    2,500 BECTON DICKINSON & CO 176,586 601,850
    7,500 CARMAX INC 66,061 583,950
    3,000 CHEVERON CORP 62,649 360,180
    5,000 DANAHER CORP 134,576 662,200
    3,000 EXXON MOBIL CORP 5,441 240,840
    3,500 HOME DEPOT INC 71,015 712,950
    6,000 HOSPITALITY PROPERTIES TRUST 198,888 156,000
    2,000 IBM CORP 257,008 280,540
    4,500 JOHNSON & JOHNSON 242,430 635,400
    3,000 MCDONALDS CORP 209,195 592,710
    6,500 MERCK & CO INC 279,364 511,615
    6,000 MICROSOFT CORP 156,510 783,600
    6,500 PEPSICO INC 290,525 832,325
    6,500 PROCTER & GAMBLE CO 11,035 692,120
    7,200 QUALCOMM INC 252,637 620,136
    5,000 SCHLUMBERGER LTD 155,521 213,400
    3,500 STRYKER CORP 162,781 661,185
    2,400 3M CO 15,967 454,824
    4,000 UNITED TECHNOLOGIES CORP 81,935 570,440
    10,000 VERIZON COMMUNICATIONS INC 263,409 571,900
    4,500 VISA INC CLASS A SHARES 84,451 739,935
    10,000 WELLS FARGO & CO 251,194 484,100
    5,000 CHECK POINT SOFTWARE TECHNOLOGIES LTD 253,338 603,800
    2,000 CVS HEALTH CORP 164,480 108,760
    7,200 CHURCH & DWIGHT CO 243,136 539,640
    600 METTLER TOLEDO INTERNATIONAL INC 160,367 447,156
    466 ALPHABET INC CAP STK 251,144 553,832
    6,000 FISERV INC 241,829 523,440
    4,000 JPMORGAN CHASE & CO 273,720 464,200
    850 ALLERGAN PLC 253,623 124,950
    2,000 CHUBB LIMITED 232,719 290,400
    3,000 FORTIVE CORP 52,589 259,020
    210 BOOKING HLDGS INC 248,824 389,548
    900 ROPER TECHNOLOGIES INC 241,166 323,730
    2,400 STANLEY BLACK & DECKER INC 357,282 351,840
    3,500 TORONTO DOMINION BANK ONTARIO 200,347 199,395
    ROUNDING ADJUSTMENT 2 0

    TY 2018 InvestmentsOtherSchedule2
    Name:
    GARDINER HOWLAND SHAW FOUNDATION
    EIN:
    04-6111826
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    15,000 FIRST TRUST NORTH AMERN ENERGY INFRAS FD ETF AT COST 302,278 371,400
    1,200 ISHARES IBOXX INVESTMENT GRADE CORPORATE BOND ETF AT COST 118,284 143,064
    2,400 ISHARES SHORT TERM CORP BND AT COST 124,404 126,768
    19,000 KAYNE ANDERSON MLP INVESTMENT CO AT COST 388,079 299,820
    1,600 VANGUARD INTERMEDIATE TERM BOND ETF AT COST 121,036 134,112
    14,000 MANNING & NAPIER AT COST 317,513 335,300

    TY 2018 OtherExpensesSchedule
    Name:
    GARDINER HOWLAND SHAW FOUNDATION
    EIN:
    04-6111826
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IT COSTS 132 0   132
    POSTAGE 14 0   14
    SUPPLIES 712 0   712
    TELEPHONE & TELECOMMUNICATIONS 3,683 0   3,683
    MA FILING FEES 125 125   0
    EQUIPMENT RENTAL & MAINTENANCE 1,144 0   1,144
    MISCELLANEOUS 138 0   138


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    GARDINER HOWLAND SHAW FOUNDATION
    EIN:
    04-6111826
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 110,604 110,604   0


    TY 2018 TaxesSchedule
    Name:
    GARDINER HOWLAND SHAW FOUNDATION
    EIN:
    04-6111826
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAX WITHHELD 1,552 1,552   0
    FEDERAL INCOME TAX 23,250 0   0