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
JANE'S TRUST FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)HEMENWAY BARNES LLP PO BOX 961209
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA021961209
A Employer identification number

27-3422536
B Telephone number (see instructions)

(617) 227-7940
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$46,869,020J 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) 5,040,231
2 Check bullet.............
3 Interest on savings and temporary cash investments 6,681 6,681  
4 Dividends and interest from securities... 804,648 803,695  
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 2,227,411
b Gross sales price for all assets on line 6a 3,557,499
7 Capital gain net income (from Part IV, line 2)... 2,424,761
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 15,328 688,169  
12 Total. Add lines 1 through 11........ 8,094,299 3,923,306  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 99,883 49,941   49,942
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 429 215   214
b Accounting fees (attach schedule)....... Click to see attachment 16,280 8,140   8,140
c Other professional fees (attach schedule).... Click to see attachment 146,059 146,059   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 68,977 22,908   0
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 245,424 244,924   500
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 577,052 472,187   58,796
25 Contributions, gifts, grants paid....... 1,625,000 1,625,000
26 Total expenses and disbursements. Add lines 24 and 25 2,202,052 472,187   1,683,796
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,892,247
b Net investment income (if negative, enter -0-) 3,451,119
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.............   139,916 139,916
2 Savings and temporary cash investments......... 1,574,025 3,329,555 3,329,555
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)....... 8,045,893 Click to see attachment8,452,760 8,964,133
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 25,481,028 Click to see attachment30,320,962 34,435,416
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) 35,100,946 42,243,193 46,869,020
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........ 6,604,742 6,604,742
28 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
29 Retained earnings, accumulated income, endowment, or other funds 28,496,204 35,638,451
30 Total net assets or fund balances (see instructions)..... 35,100,946 42,243,193
31 Total liabilities and net assets/fund balances (see instructions). 35,100,946 42,243,193
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
35,100,946
2
Enter amount from Part I, line 27a .....................
2
5,892,247
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,250,000
4
Add lines 1, 2, and 3 ..........................
4
42,243,193
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
42,243,193
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 490 SHRS SPDR TRUST SER 1   2015-12-31 2018-01-04
b 1500 SHRS SPDR TRUST SER 1     2018-02-14
c 1850 SHRS SPDR TRUST SER 1   2010-12-30 2018-05-16
d 750 SHRS SPDR TRUST SER 1   2010-12-30 2018-08-22
e 100 SHRS APPLE INC COM   2017-11-16 2018-10-03
100 SHRS AUTOMATIC DATA PROCESSING   2017-04-05 2018-10-03
100 SHRS FISERV INC   2017-11-16 2018-10-03
100 SHRS ILLUMIA INC   2017-11-16 2018-10-03
400 SHRS GILEAD SCIENCES   2017-10-04 2018-10-03
600 SHRS GILEAD SCIENCES   2017-04-05 2018-10-03
100 SHRS MASTERCARD INC CL A   2017-11-16 2018-10-03
200 SHRS SPDR TRUST SER 1   2010-12-30 2018-11-14
K-1 LL MORTGAGE FUND LP P    
K-1 MAHOUT GLOBAL EMERGING MARKETS P    
K-1 MAHOUT GLOBAL EMERGING MARKETS P    
K-1 IR&M CORE BOND FUND P    
K-1 IR&M CORE BOND FUND P    
K-1 KILTEARN GLOBAL EQUITY P    
K-1 KILTEARN GLOBAL EQUITY P    
K-1 GLOBAL RESOURCE OPTIMIZATION FUND P    
K-1 GLOBAL RESOURCE OPTIMIZATION FUND P    
K-1 POLUNIN DEVELOPING COUNTRIES FUND P    
K-1 POLUNIN DEVELOPING COUNTRIES FUND P    
KABOUTER QUALIFIED OFFSHORE PFIC GAINS P    
COATUE OFFSHORE FUND P    
VALINOR CAPITAL PARTNERS OFFSHORE P    
K-1 CAPITAL DYNAMICS CHAMPION P    
K-1 CAPITAL DYNAMICS CHAMPION P    
K-1 ASIA ALTERNATIVES CAP P    
K-1 DAVIDSON KEMPNER P    
K-1 DAVIDSON KEMPNER P    
K-1 HRJ CAPITAL VC VI INTL P    
K-1 CLEAN GROWTH FUND IV LP P    
K-1 STRATEGIC INVESTORS P    
K-1 STRATEGIC INVESTORS P    
K-1 HRJ CAPITAL VC V FOREIGN P    
K-1 HRJ GLOBAL BUY-OUT III EUROPE P    
K-1 HRJ GROWTH CAPITAL II, L.P. P    
K-1 HRJ GROWTH CAPITAL II, L.P. P    
K-1 HRJ GLOBAL BUY-OUT III US P    
K-1 HRJ GLOBAL BUY-OUT III US P    
K-1 ASIA ALTERNATIVES CAP P    
K-1 CLEAN GROWTH FUND IV LP P    
K-1 HRJ CAPITAL VC VI INTL P    
K-1 CAPITAL DYNAMICS CHAMPION VENTURES V P    
K-1 CAPITAL DYNAMICS CHAMPION VENTURES V P    
GREENLIGHT CAPITAL OFFSHORE LTD P    
MARBLE ARCH OFFSHORE PARTNERS LP P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 132,997   100,624 32,373
b 404,338   220,606 183,732
c 502,122   232,878 269,244
d 214,722   94,410 120,312
e 23,232   17,148 6,084
15,175   10,297 4,878
8,195   6,492 1,703
35,923   20,903 15,020
31,664   32,944 -1,280
47,497   42,996 4,501
22,321   15,047 7,274
54,319   25,177 29,142
      6,096
      -13,118
      206,730
      -29,405
      -27,320
      9,064
      68,813
      -1,165
      51,012
      -6,178
      -6,367
4,715     4,715
145,900     145,900
53,372     53,372
      983
      341,413
      234,417
      43,580
      71,386
      175,942
      33,113
      1,650
      69,418
      69,942
      233,313
      -4,531
      69,115
      -5
      14,743
      701
      -299
      442
      735
      70,916
663,153   950,000 -286,847
1,050,382   1,048,352 2,030
147,472     147,472
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       32,373
b       183,732
c       269,244
d       120,312
e       6,084
      4,878
      1,703
      15,020
      -1,280
      4,501
      7,274
      29,142
      6,096
      -13,118
      206,730
      -29,405
      -27,320
      9,064
      68,813
      -1,165
      51,012
      -6,178
      -6,367
      4,715
      145,900
      53,372
      983
      341,413
      234,417
      43,580
      71,386
      175,942
      33,113
      1,650
      69,418
      69,942
      233,313
      -4,531
      69,115
      -5
      14,743
      701
      -299
      442
      735
      70,916
      -286,847
      2,030
      147,472
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 2,424,761
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 1,514,411 38,853,930 0.038977
2016 1,336,802 25,872,016 0.051670
2015 1,064,951 27,175,029 0.039189
2014 735,026 21,588,130 0.034048
2013 451,973 15,030,258 0.030071
2
Total of line 1, column (d) .....................
2
0.193955
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
0.038791
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
45,948,517
5
Multiply line 4 by line 3......................
5
1,782,389
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
34,511
7
Add lines 5 and 6........................
7
1,816,900
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,683,796
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 69,022
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 69,022
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 69,022
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 30,480
b Exempt foreign organizations—tax withheld at source...... 6b
c Tax paid with application for extension of time to file (Form 8868)... 6c 48,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 78,480
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 496
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 8,962
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet8,962 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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. Click to see attachment...............................
    10
    Yes
     
    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 ofbulletHEMENWAY BARNES LLP Telephone no.bullet (617) 227-7940

    Located atbullet75 STATE STREETBOSTONMA ZIP+4bullet021091466
    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
    NANCY B GARDINER TRUSTEE
    1.25     		49,942 0 0
    C/O HEMENWAY BARNES LLP 75 STATE ST
    16TH FLOOR
    BOSTON,MA02109
    KURT F SOMERVILLE TRUSTEE
    1.25     		49,941 0 0
    C/O HEMENWAY BARNES LLP 75 STATE ST
    16TH FLOOR
    BOSTON,MA02109
    MARTHA S ROBES TRUSTEE
    1.25     		0 0 0
    C/O HEMENWAY BARNES LLP 75 STATE ST
    16TH FLOOR
    BOSTON,MA02109
    JEAN B STEVENSON TRUSTEE
    1.25     		0 0 0
    C/O HEMENWAY BARNES LLP 75 STATE ST
    16TH FLOOR
    BOSTON,MA02109
    ELIZABETH STEELE TRUSTEE
    1.25     		0 0 0
    C/O HEMENWAY BARNES LLP 75 STATE ST
    16TH FLOOR
    BOSTON,MA02109
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (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
    9,652,271
    b
    Average of monthly cash balances.......................
    1b
    2,230,964
    c
    Fair market value of all other assets (see instructions)................
    1c
    34,765,006
    d
    Total (add lines 1a, b, and c).........................
    1d
    46,648,241
    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
    46,648,241
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    699,724
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    45,948,517
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,297,426
    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
    2,297,426
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    69,022
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
    776
    c
    Add lines 2a and 2b............................
    2c
    69,798
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,227,628
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    2,227,628
    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
    2,227,628
    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
    1,683,796
    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
    1,683,796
    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
    1,683,796
    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 2,227,628
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 1,623,104
    b Total for prior years:20, 20, 20 0
    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........ 0
    4Qualifying distributions for 2018 from Part
    XII, line 4: bullet$ 1,683,796
    a Applied to 2017, but not more than line 2a 1,623,104
    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..... 60,692
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2018. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 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 ..........     		2,166,936
    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 ......     		0
    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).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BIGELOW LABORATORY FOR OCEAN SCIENCES
    60 BIGELOW DRIVE
    EAST BOOTHBAY,ME04544     		NONE PUBLIC CHARITY CLIMATE CHANGE AND OCEANS RESEARCH 90,000
    CONSERVATION LAW FOUNDATION
    62 SUMMER STREET
    BOSTON,MA02110     		NONE PUBLIC CHARITY CLEAN WATER AND CLIMATE RESILIENCE PROGRAMS IN NEW HAMPSHIRE AND MAINE. 90,000
    GULF OF MAINE RESEARCH INSTITUTE
    350 COMMERCIAL STREET
    PORTLAND,ME04101     		NONE PUBLIC CHARITY NEW MODELING CHANGE PROGRAM. 85,000
    ISLAND INSTITUTE
    386 MAIN STREET
    ROCKLAND,ME04841     		NONE PUBLIC CHARITY LOCAL ENERGY PROGRAMS 85,000
    MAIN COMMUNITY FOUNDATION
    245 MAIN STREET
    ELLSWORTH,ME04605     		NONE PUBLIC CHARITY THE GRANTS TO GREEN PROGRAM 75,000
    MAINE PEOPLE'S RESOURCE CENTER FBO MAINE CLIMATE TABLE
    200 MAIN STREET
    WESTBROOK,ME04049     		NONE PUBLIC CHARITY OPERATING SUPPORT 20,000
    MAINE PHILANTHROPY CENTER FBO ENVIRONMENTAL FUNDERS NETWORK
    PO BOX 9301
    PORTLAND,ME041019301     		NONE PUBLIC CHARITY MAINE CLIMATE CHANGE FUNDER MEETINGS 5,000
    MANOMET INC
    PO BOX 1770
    MANOMET,MA02345     		NONE PUBLIC CHARITY GROCERY STEWARDSHIP CERTIFICATION PROGRAM IN NORTHERN NEW ENGLAND 65,000
    MASSACHUSETTS GENERAL HOSPITAL FBO EDWIN L STEELE LABORATORY
    100 CAMBRIDGE STREET 13TH FLOOR
    BOSTON,MA02114     		NONE PUBLIC CHARITY A FELLOWSHIP FOR DR. GINO FERRARO. 100,000
    MOTE MARINE LABORATORY
    1600 KEN THOMPSON PARKWAY
    SARASOTA,FL342361004     		NONE PUBLIC CHARITY CORAL REEF RESEARCH AND RESTORATION 100,000
    NEW ENGLAND GRASSROOTS ENVIRONMENT FUND
    PO BOX 611
    NEWMARKET,NH03857     		NONE PUBLIC CHARITY GRASSROOTS ENERGY, CLIMATE CHANGE AND SUSTAINABILITY PROGRAMS 85,000
    OPEN SPACE INSTITUTE LAND TRUST
    1350 BROADWAY SUITE 201
    NEW YORK CITY,NY10018     		NONE PUBLIC CHARITY THE RESILIENT LANDSCAPES INITIATIVE CATALYST PROGRAM IN NORTHERN NEW ENGLAND. 80,000
    PLANNED PARENTHOOD OF NORTHERN NEW ENGLAND
    784 HERCULES DRIVE SUITE 110
    COLCHESTER,VT05446     		NONE PUBLIC CHARITY OPERATING SUPPORT 100,000
    POSITIVE TRACKS
    35 SOUTH MAIN STREET
    HANOVER,NH03755     		NONE PUBLIC CHARITY ANALYSIS AND EXPANSION OF THE CORE STRENGTH CURRICULUM. 100,000
    SHELBURNE FARMS
    1611 HARBOR ROAD
    SHELBURNE,VT05482     		NONE PUBLIC CHARITY CLIMATE CHANGE EDUCATION PROGRAMS 85,000
    UNIVERSITY OF NEW HAMPSHIRE FOUNDATION
    9 EDGEWOOD RD
    DURHAM,NH03824     		NONE PUBLIC CHARITY THE UNH SUSTAINABILITY FELLOWS PROGRAM 85,000
    VERMONT COUNCIL ON RURAL DEVELOPMENT
    43 STATE STREET
    MONTPELIER,VT05601     		NONE PUBLIC CHARITY THE CLIMATE ECONOMY MODEL COMMUNITIES PROGRAM 50,000
    VERMONT LAW SCHOOL INC
    164 CHELSEA STREET
    SOUTH ROYALTON,VT05068     		NONE PUBLIC CHARITY THE CLIMATE JUSTICE FELLOWSHIP 80,000
    VERMONT NATURAL RESOURCES COUNCIL
    9 BAILEY AVENUE
    MONTPELIER,VT05602     		NONE PUBLIC CHARITY COMMUNITY ENERGY EFFICIENCY PROGRAMS 90,000
    VERMONT SUSTAINABLE JOBS FUND
    3 PITKIN CT 301E
    MONTPELIER,VT05602     		NONE PUBLIC CHARITY THE ACCEL-VT CLIMATE BUSINESS INCUBATOR 50,000
    VITAL COMMUNITIES
    195 NORTH MAIN STREET
    WHITE RIVER JUNCTION,VT05001     		NONE PUBLIC CHARITY COMMUNITY ENERGY EFFICIENCY EFFORTS IN THE UPPER VALLEY 85,000
    UPSTAGE PLAYERS
    PO BOX 786
    LITTLETON,NH03561     		NONE PUBLIC CHARITY OPERATING SUPPORT 10,000
    WHITE MOUNTAIN SCIENCE INC
    PO BOX 671
    BETHLEHEM,NH03574     		NONE PUBLIC CHARITY OPERATING SUPPORT 10,000
    Total .................................bullet 3a 1,625,000
    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 6,681  
    4 Dividends and interest from securities.... 523000 648 14 804,000  
    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 ............     		523000 6,637 18 2,220,774  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aK-1 ASIA ALTERNATIVES CAP PART II     		523000 313 14 -184  
    bK-1 KILTEARN GLOBAL EQUITY     14 -8,929  
    cK-1 DAVIDSON KEMPNER 523000 -206 14 40,268  
    dK-1 STRATEGIC INVESTORS FUND IV 523000 40 14 7,755  
    eK-1 HRJ GROWTH CAP II 523000 9,664 14 -1,334  
    fK-1 HRJ CAPITAL VC VI     14 -515  
    gK-1 HRJ GLOBAL BUY-OUT III     14 -574  
    hK-1 CAPITAL DYNAMICS 523000 346 14 137  
    iK-1 POLUNIN DEVELOPING     14 -3,157  
    jK-1 HRJ CAPITAL VC V FOREIGN     14 -997  
    kK-1 HRJ GLOBAL BUY-OUT III US 523000 790 14 -106  
    lK-1 IR&M CORE BOND FUND LLC     14 15  
    mK-1 GLOBAL RESOURCE OPTIMIZATION FD L.P.     14 -286  
    nK-1 CLEAN GROWTH FUND IV 523000 151 14 18  
    oOTHER PASS THROUGH INCOME     14 6,859  
    pK-1 LANSDOWNE CLEAN ENERGY     14 -34,787  
    qK-1 CAPITAL DYNAMICS CHAMPION VENTURES V 523000 89 14 -42  
    12 Subtotal. Add columns (b), (d), and (e).. 18,472 3,035,596 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,054,068
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

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

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

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

    27-3422536
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution. An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
    Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018) Page 2
    Name of organization
    JANE'S TRUST FOUNDATION
          		Employer identification number
    27-3422536
    Part I
    Contributors (See instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    JANE'S TRUST
     
    C/O HEMENWAY BARNES LLP PO BOX 9612
     
    BOSTON, MA021961209

    		$ 2,162,387


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    JANE'S TRUST
     
    C/O HEMENWAY BARNES LLP PO BOX 9612
     
    BOSTON, MA021961209

    		$ 2,877,844


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 3
    Name of organization
    JANE'S TRUST FOUNDATION
          		Employer identification number

    27-3422536
    Part II
    Noncash Property (See instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 PECUNIARY FUNDING - TRANSFER OF PARTNERSHIP INTEREST $ 2,162,387 2018-12-12
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)
    Page 4
    Name of organization
    JANE'S TRUST FOUNDATION
          		Employer identification number

    27-3422536
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2018)

    Additional Data


    Software ID:  
    Software Version:  

    TY 2018 AccountingFeesSchedule
    Name:
    JANE'S TRUST FOUNDATION
    EIN:
    27-3422536
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 16,280 8,140   8,140

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

    TY 2018 GainLossSaleOtherAssetsSch
    Name:
    JANE'S TRUST FOUNDATION
    EIN:
    27-3422536
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    K-1 HRJ GLOBAL BUY-OUT III U.S.   PURCHASED           0 1  
    K-1 HRJ GLOBAL BUY-OUT III U.S.   PURCHASED           0 312  
    K-1 HRJ GROWTH CAPITAL II LP   PURCHASED           0 50  
    K-1 HRJ GROWTH CAPITAL II LP   PURCHASED           0 1,550  
    K-1 CLEAN GROWTH FUND IV LP   PURCHASED           0 958  
    K-1 ASIA ALT CAPITAL PARTNERS   PURCHASED           0 1,398  
    K-1 STRATEGIC INVESTORS FUND   PURCHASED           0 2,368  

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    JANE'S TRUST FOUNDATION
    EIN:
    27-3422536
    Name of Stock End of Year Book Value End of Year Fair Market Value
    200 SPDR S&P 500 ETF 25,176 49,984
    75,681.130 AQR STYLE PREMIA ALTERNATIVE FD 750,000 686,428
    68,593.12 ARTISAN INTL VALUE INST 2,008,175 2,120,899
    2,665 NOVOZYMES AS DKK 2.0 93,112 118,691
    900 ROCKWELL AUTOMATION 144,639 135,432
    1,700 XYLEM INC 91,454 113,424
    1,600 CVS HEALTH 123,401 104,832
    2,000 NESTLE SA ADR 160,872 161,920
    2,000 PROCTER & GAMBLE 171,365 183,840
    2,500 UNILEVER PLC NEW 123,816 130,625
    2,600 ABBOTT LABS 115,828 188,058
    1,700 DANAHER CORP 143,323 175,304
    400 ILLUMINA 59,002 119,972
    2,200 NOVARTIS AG ADR 176,245 188,782
    1,200 CHUBB LTD 166,495 155,016
    150 ALPHABET INC CL A 136,264 156,744
    2,000 ANALOG DEVICES 163,758 171,660
    1,000 APPLE INC 141,111 157,740
    1,150 AUTOMATIC DATA PROCESSING 116,689 150,788
    2,500 FISERV 151,747 183,725
    1,000 MASTERCARD 116,577 188,650
    2,000 XILINX 126,900 170,340
    1,500 APTARGROUP 126,660 141,105
    2,000 CANADIAN NATIONAL RAILWAY 137,905 148,220
    1,500 FORTIV CORP 104,565 101,490
    600 3M 125,427 114,324
    1,400 UNITED TECHNOLOGIES 167,876 149,072
    1,500 WASTE MANAGEMENT INC 111,216 133,485
    800 HOME DEPOT 123,810 137,456
    2,100 ORMAT TECHNOLOGIES 123,440 109,830
    950 CELGENE CORP 97,801 60,885
    1,250 JOHNSON & JOHNSON 168,816 161,312
    1,400 PAYPAL HOLDINGS 101,140 117,726
    2,200 INTEL CORP 100,453 103,246
    1,000 MICROSOFT CORP 73,911 101,570
    48,100.05 JOHN HANCOCK INTL SELECT FD 1 1,000,000 977,874
    15 AMAZON.COM 24,206 22,530
    1,500 CHURCH & DWIGHT 90,111 98,640
    2,100 ORSTED AS 123,376 140,082
    750 DISNEY 87,996 82,237
    500 IPG PHOTONICS 78,627 56,645
    150 NVIDIA CORP 29,826 20,025
    2,500 WELLTOWER 149,649 173,525

    TY 2018 InvestmentsOtherSchedule2
    Name:
    JANE'S TRUST FOUNDATION
    EIN:
    27-3422536
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    223,817.72 CLEAN GROWTH FUND IV AT COST 347,869 566,095
    750,000 ABDIEL QUALIFIED OFFSHORE PARTNERS AT COST 898,820 1,281,832
    1,000,000 IMPAX GLOBAL RESOURCE OPTIMIZATION FD AT COST 1,094,746 1,237,230
    79,287.19 HRJ GLOBAL BUY-OUT III EUROPE AT COST 423,585 199,925
    9,000 COATUE OFFSHORE FUND AT COST 1,189,234 1,452,584
    239,506.04 INCOME RESEARCH AND MANAGEMENT CORE BOND FUND AT COST 5,188,515 5,309,834
    37,158.02 MAHOUT GLOBAL AT COST 1,862,363 1,113,719
    1,240,610 DAVIDSON KEMPNER INSTITUTIONAL AT COST 2,142,140 2,449,944
    6,337.93 HHR TITAN OFFSHORE AT COST 1,150,000 1,784,692
    107,879.30 HRJ GLOBAL BUY-OUT III US AT COST 211,137 341,197
    588,277.77 HRJ CAPITAL VC, INTL AT COST 671,825 1,060,406
    357,812.73 ASIA ALTERNATIVES CAP PARTNERS II AT COST 212,631 1,345,795
    50,000 GREENLIGHT CAPITAL AT COST 50,000 34,903
    712,872.33 HRJ GROWTH CAPITAL II AT COST 218,522 1,068,724
    388,254.38 SVB STRATEGIC INVESTORS IV AT COST 393,785 1,242,041
    491,264.87 HRJ CAPITAL DYNAMICS CHAMP VI US AT COST 1,000,193 1,340,033
    133,079.31 KILTEARN GLOBAL EQUITY AT COST 2,544,152 2,454,652
    710,144.09 LL MORTGAGE FUND AT COST 885,986 944,932
    1,000 VALINOR CAPITAL PARTNERS AT COST 1,113,321 864,714
    1,000,000 KABOUTER INTL AT COST 1,019,269 1,157,970
    350,931.37 HRJ CAPITAL VC V FOREIGN AT COST 550,014 411,811
    79,671.44 POLUNIN DEVELOPING COUNTRIES FD LLC AT COST 1,280,928 1,296,597
    1,500 PARK PRESIDO CAP OFFSHORE AT COST 1,500,000 1,300,837
    1,000,000 LANDSDOWNE CLEAN ENERGY FUND AT COST 962,685 877,240
    1,270,237.44 DI CAPITAL PARTNERS OFFSHORE AT COST 1,261,934 1,304,381
    712,643.45 HRJ VC V, L.P. AT COST 2,147,308 1,993,328

    TY 2018 LegalFeesSchedule
    Name:
    JANE'S TRUST FOUNDATION
    EIN:
    27-3422536
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 429 215   214


    TY 2018 OtherExpensesSchedule
    Name:
    JANE'S TRUST FOUNDATION
    EIN:
    27-3422536
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MISCELLANEOUS FEES 1,610 1,610   0
    COMMONWEALTH OF MASSACHUSETTS - FILING FEE 500 0   500
    PORTFOLIO DEDUCTIONS - FROM K-1 INCOME RESEARCH PARTNERS (02-0552970) 3,155 3,155   0
    PORTFOLIO DEDUCTIONS - FROM K-1 DAVIDSON KEMPNER (13-3597020) 50,603 50,603   0
    PORTFOLIO DEDUCTIONS - FROM K-1 MAHOUT GLOBAL (20-6762882) 6,790 6,790   0
    PORTFOLIO DEDUCTIONS - FROM K-1 HRJ GLOBAL BUY-OUT III 5,771 5,771   0
    PORTFOLIO DEDUCTIONS - FROM K-1 HRJ GLOBAL BUY-OUT III US 1,264 1,264   0
    PORTFOLIO DEDUCTIONS - FROM K-1 STRATEGIC INVESTORS (26-2776097) 22,762 22,762   0
    PORTFOLIO DEDUCTIONS - FROM K-1 HRJ CAPITAL VC V FOREIGN 24,397 24,397   0
    PORTFOLIO DEDUCTIONS - FROM K-1 ASIA ALTERNATIVES CAP II (26-1738262) 10,364 10,364   0
    PORTFOLIO DEDUCTIONS - FROM K-1 HRJ CAPITAL VC 17,127 17,127   0
    PORTFOLIO DEDUCTIONS - FROM K-1 CAPITAL DYNAMICS 26,104 26,104   0
    PORTFOLIO DEDUCTIONS - FROM K-1 HRJ GROWTH CAPITAL II 25,450 25,450   0
    PORTFOLIO DEDUCTIONS - FROM K-1 LL MORTGAGE 8,594 8,594   0
    PORTFOLIO DEDUCTIONS - FROM K-1 POLUNIN DEVELOPING 1,319 1,319   0
    PORTFOLIO DEDUCTIONS - FROM K-1 CLEAN GROWTH FUND IV, LP 15,148 15,148   0
    PORTFOLIO DEDUCTIONS - FROM K-1 GLOBAL RESOURCE OPTIMIZATION FD L.P. 15,031 15,031   0
    PORTFOLIO DEDUCTIONS - FROM K-1 LANSDOWNE CLEAN ENERGY 15 15   0
    PORTFOLIO DEDUCTIONS - FROM K-1 CAPITAL DYNAMICS VENTURES V 9,420 9,420   0


    TY 2018 OtherIncomeSchedule2
    Name:
    JANE'S TRUST FOUNDATION
    EIN:
    27-3422536
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    HHR TITAN OFFSHORE MTM   634,692  
    KABOUTER OFFSHORE FUND   6,962  
    ABDIEL QUALIFIED OFFSHORE PARTNERS   30,440  
    DI CAPITAL PARTNERS OFFSHORE LP   11,934  
    K-1 ASIA ALTERNATIVES CAP PART II 129 -184 129
    K-1 KILTEARN GLOBAL EQUITY -8,929 -8,929 -8,929
    K-1 DAVIDSON KEMPNER 40,062 40,268 40,062
    K-1 STRATEGIC INVESTORS FUND IV 7,795 7,755 7,795
    K-1 HRJ GROWTH CAP II 8,330 -1,334 8,330
    K-1 HRJ CAPITAL VC VI -515 -515 -515
    K-1 HRJ GLOBAL BUY-OUT III -574 -574 -574
    K-1 CAPITAL DYNAMICS 483 137 483
    K-1 POLUNIN DEVELOPING -3,157 -3,157 -3,157
    K-1 HRJ CAPITAL VC V FOREIGN -997 -997 -997
    K-1 HRJ GLOBAL BUY-OUT III US 684 -106 684
    K-1 IR&M CORE BOND FUND LLC 15 15 15
    K-1 GLOBAL RESOURCE OPTIMIZATION FD L.P. -286 -286 -286
    K-1 CLEAN GROWTH FUND IV 169 18 169
    OTHER PASS THROUGH INCOME 6,859 6,859 6,859
    K-1 LANSDOWNE CLEAN ENERGY -34,787 -34,787 -34,787
    K-1 CAPITAL DYNAMICS CHAMPION VENTURES V 47 -42 47


    TY 2018 OtherIncreasesSchedule
    Name:
    JANE'S TRUST FOUNDATION
    EIN:
    27-3422536
    Description Amount
    BOOK/TAX ADJUSTMENT 1,250,000


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    JANE'S TRUST FOUNDATION
    EIN:
    27-3422536
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES 146,059 146,059   0


    TY 2018 SubstantialContributorsSch
    Name:
    JANE'S TRUST FOUNDATION
    EIN:
    27-3422536
    Name Address
    JANE'S TRUST
          		C/O HEMENWAY BARNES LLP PO BOX
    961209
    BOSTON,MA021961209
    HUGH AND SHANA GRIFFITHS C/O HEMENWAY BARNES LLP PO BOX
    961209
    BOSTON,MA021961209
    JANE COOK 1992 TRUST C/O HEMENWAY BARNES LLP PO BOX
    961209
    BOSTON,MA021961209
    JANE COOK 1993 TRUST C/O HEMENWAY BARNES LLP PO BOX
    961209
    BOSTON,MA021961209


    TY 2018 TaxesSchedule
    Name:
    JANE'S TRUST FOUNDATION
    EIN:
    27-3422536
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES WITHHELD 22,908 22,908   0
    FEDERAL TAX 46,069 0   0