Form990-PF
Click to see attachment

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 07-01-2018 , and ending 06-30-2019
Name of foundation
CAROLINE & SIGMUND SCHOTT FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 391408
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
CAMBRIDGE, MA02139
A Employer identification number

11-2856561
B Telephone number (see instructions)

(617) 499-9901
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$41,765,107J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,672 2,672  
4 Dividends and interest from securities... 668,336 668,336  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,324,442
b Gross sales price for all assets on line 6a 3,888,181
7 Capital gain net income (from Part IV, line 2)... 1,324,442
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 887,758 1,290,149  
12 Total. Add lines 1 through 11........ 2,883,208 3,285,599  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 360 0   360
b Accounting fees (attach schedule)....... Click to see attachment 136,954 0   91,288
c Other professional fees (attach schedule).... Click to see attachment 360,262 264,755   106,773
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 67,983 28,955   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 17,412 0   20,168
22 Printing and publications.......... 19,478 0   26,867
23 Other expenses (attach schedule)....... Click to see attachment 31,616 82,499   34,468
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 634,065 376,209   279,924
25 Contributions, gifts, grants paid....... 1,142,374 1,185,470
26 Total expenses and disbursements. Add lines 24 and 25 1,776,439 376,209   1,465,394
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,106,769
b Net investment income (if negative, enter -0-) 2,909,390
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............. 1,078,114 408,113 408,113
2 Savings and temporary cash investments......... 227,578 310,929 310,929
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   309    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 1,502 34,965 34,965
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 10,222,705 Click to see attachment8,316,805 8,316,805
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).......... 27,622,314 Click to see attachment32,406,347 32,406,347
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment1,645,354 Click to see attachment287,948 Click to see attachment287,948
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 40,797,876 41,765,107 41,765,107
Liabilities 17 Accounts payable and accrued expenses.......... 363,681 292,918
18 Grants payable.................   56,904
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment94,098 Click to see attachment99,000
23 Total liabilities (add lines 17 through 22)......... 457,779 448,822
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.................. 40,340,097 41,316,285
25 Temporarily restricted...............    
26 Permanently restricted...............    
Foundations that do not follow SFAS 117, check here bullet
and complete lines 27 through 31.
27 Capital stock, trust principal, or current funds........    
28 Paid-in or capital surplus, or land, bldg., and equipment fund    
29 Retained earnings, accumulated income, endowment, or other funds    
30 Total net assets or fund balances (see instructions)..... 40,340,097 41,316,285
31 Total liabilities and net assets/fund balances (see instructions). 40,797,876 41,765,107
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
40,340,097
2
Enter amount from Part I, line 27a .....................
2
1,106,769
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
41,446,866
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
130,581
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .
6
41,316,285
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 2522.704 SHS NB SUSTAINABLE EQUITY FUND   2012-11-01 2018-11-29
b 22185.894 SHS VANGUARD IT TREASURY INDEX ADMIRAL   2018-01-24 2019-01-24
c 2320.27 SHS WALDEN EQUITY FUND   2017-12-12 2018-11-29
d 61.75 SHS WALDEN EQUITY FUND   2012-11-15 2018-11-29
e 495.14 SHS WALDEN EQUITY FUND   2015-12-10 2018-11-29
1461.15 SHS WALDEN EQUITY FUND   2016-12-08 2018-11-29
4.76 SHS BOSTON WALDEN SMALL CAP   2017-12-12 2018-10-04
699.586 SHS PIMCO TOTAL RETURN ESG   2012-06-06 2018-10-22
882.397 SHS PIMCO TOTAL RETURN ESG   2012-06-29 2018-10-22
691.389 SHS PIMCO TOTAL RETURN ESG   2012-07-31 2018-10-22
713.887 SHS PIMCO TOTAL RETURN ESG   2012-08-31 2018-10-22
526.991 SHS PIMCO TOTAL RETURN ESG   2012-09-28 2018-10-22
890.944 SHS PIMCO TOTAL RETURN ESG   2012-10-31 2018-10-22
9803.922 SHS PIMCO TOTAL RETURN ESG   2012-11-01 2018-10-22
928.257 SHS PIMCO TOTAL RETURN ESG   2012-11-30 2018-10-22
5416.206 SHS PI,CO TOTAL RETURN ESG   2012-12-12 2018-10-22
3403.607 SHS PIMCO TOTAL RETURN ESG   2012-12-12 2018-10-22
.074 SHS PIMCO TOTAL RETURN ESG   2012-12-12 2018-10-22
.296 SHS PIMCO TOTAL RETURN ESG   2012-12-12 2018-10-22
2989.783 SHS PIMCO TOTAL RETURN ESG   2012-12-27 2018-10-22
746.37 SHS PIMCO TOTAL RETURN ESG   2012-12-31 2018-10-22
877.72 SHS PIMCO TOTAL RETURN ESG   2012-11-01 2018-10-22
973.2549 SHS NYES LEDGE CAPITAL OFFSHORE FUND   2008-01-31 2018-12-31
197.3997 SHS FORESTER DIVERSIFIED LTD B3/SER 01/16   2016-01-01 2018-12-31
60 SHS ACUITY BRANDS INC   2018-01-09 2018-10-22
5 SHS FACEBOOK INC   2019-02-15 2019-04-18
60 SHS ACUITY BRANDS INC   2016-10-17 2018-09-13
60 SHS JARDINE MATHESON HOLDINGS LTD   2012-09-18 2018-09-27
40 SHS JARDINE MATHESON HOLDINGS LTD   2012-09-18 2018-09-28
20 SHS JARDINE MATHESON HOLDINGS LTD   2012-09-18 2018-10-01
30 SHS JARDINE MATHESON HOLDINGS LTD   2012-09-18 2018-10-02
40 SHS JARDINE MATHESON HOLDINGS LTD   2012-09-18 2018-10-04
25 SHS JARDINE MATHESON HOLDINGS LTD   2012-09-18 2018-10-05
673 SHS JOHNSON CONTROLS INTERNATIONAL   2016-09-06 2018-10-05
80 SHS JOHNSON CONTROLS INTERNATIONAL   2017-09-21 2018-10-05
10 SHS JARDINE MATHESON HOLDINGS LTD   2009-06-12 2018-10-08
370 SHS JARDINE MATHESON HOLDINGS LTD   2009-06-12 2018-10-09
75 SHS COGNIZANT TECHNOLOGY SOLUTIONS   2012-07-30 2018-10-22
10 SHS ALPHABET INC CL C   2012-11-02 2018-10-22
20 SHS MASTERCARD INC   2010-09-16 2018-10-22
540 SHS COLGATE PALMOLIVE CO   1999-03-04 2018-10-22
85 SHS NOVO-NORDISK A/S ADR   2011-11-10 2018-10-22
175 SHS STARBUCKS CORP   2007-12-21 2018-10-22
155 SHS TJX COMPANIES INC   2010-06-29 2018-10-22
70 SHS DANAHER CORP   2012-09-24 2018-10-22
25 SHS AUTOMATIC DATA PROCESSING   2011-08-17 2018-10-22
80 SHS NIKE INC CL B   2017-09-21 2018-10-22
85 SHS FISERV INC   2010-02-12 2018-10-22
20 SHS APPLE INC   2009-02-18 2018-10-22
35 SHS ACUITY BRANDS INC   2017-09-21 2018-10-22
75 SHS NOVOZYMES A/S ADR   2012-07-25 2018-10-23
25 SHS CUMMINS INC   2012-07-19 2019-01-30
45 SHS CUMMINS INC   2017-09-21 2019-01-30
45 SHS NIKE INC CL B   2011-04-15 2019-02-15
85 SHS NIKE INC CL B   2017-09-21 2019-02-15
105 SHS STARBUCKS CORP   2007-12-21 2019-02-15
450 SHS NOVO-NORDISK A/S ADR   2011-11-10 2018-12-19
125 SHS CELGENE CORPORATION   2013-06-18 2019-02-15
25 SHS CELGENE CORPORATION   2017-09-21 2019-02-15
20 SHS CELGENE CORPORATION   2013-06-18 2019-02-25
110 SHS CELGENE CORPORATION   2013-06-18 2019-04-11
115 SHS FACEBOOK INC   2016-10-17 2019-04-18
10 SHS APPLE INC   2009-02-18 2019-06-12
115 SHS COGNIZANT TECHNOLOGY SOLUTIONS   2012-07-30 2019-06-12
45 SHS MASTERCARD INC   2010-09-16 2019-06-12
THRU CHARLES SCHWAB - ZEVIN ASSET MGMT   2018-01-01 2019-06-30
THRU CHARLES SCHWAB - ZEVIN ASSET MGMT   2018-07-01 2019-06-30
THRU US BANK   2018-01-01 2019-06-30
THRU US BANK   2018-07-01 2019-06-30
MERCK & CO - CLASS ACTION SETTLEMENT   2018-01-01 2019-06-30
CRODA INTL - CASH-IN-LIEU   2018-01-01 2019-05-09
AMCOR PLC   2018-01-01 2019-06-12
TRG FORESTRY FUND 8-B LP   2017-01-01 2018-12-31
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 100,000   67,634 32,366
b 475,000   471,727 3,273
c 53,482   49,979 3,503
d 1,423   831 592
e 11,413   8,670 2,743
33,680   27,645 6,035
100   91 9
6,121   6,926 -805
7,721   8,780 -1,059
6,050   6,990 -940
6,247   7,232 -985
4,611   5,370 -759
7,796   9,088 -1,292
85,784   100,000 -14,216
8,122   9,487 -1,365
47,392   54,054 -6,662
29,782   33,968 -4,186
1   1 0
3   3 0
26,161   29,569 -3,408
6,531   7,382 -851
7,680   8,953 -1,273
1,719,290   952,432 766,858
205,279   48,605 156,674
7,357   9,486 -2,129
892   806 86
9,537   14,554 -5,017
3,713   3,293 420
2,494   2,195 299
1,250   1,098 152
1,889   1,646 243
2,471   2,195 276
1,526   1,372 154
24,537   32,378 -7,841
2,917   3,202 -285
606   255 351
22,453   9,435 13,018
5,525   2,155 3,370
11,035   3,435 7,600
4,103   422 3,681
34,349   12,137 22,212
3,658   1,877 1,781
10,290   1,832 8,458
16,913   3,299 13,614
6,864   2,898 3,966
3,606   1,056 2,550
5,976   4,264 1,712
6,769   981 5,788
4,435   269 4,166
4,292   5,675 -1,383
3,772   1,841 1,931
3,660   2,214 1,446
6,588   7,514 -926
3,840   896 2,944
7,253   4,530 2,723
7,377   1,099 6,278
20,380   9,937 10,443
11,275   7,520 3,755
2,255   3,604 -1,349
1,799   1,203 596
10,353   6,618 3,735
20,507   14,665 5,842
1,948   135 1,813
7,169   3,304 3,865
11,827   949 10,878
287,985     287,985
1,644     1,644
    409,169 -409,169
    50,909 -50,909
1,338     1,338
17     17
6     6
3,140     3,140
424,922     424,922
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       32,366
b       3,273
c       3,503
d       592
e       2,743
      6,035
      9
      -805
      -1,059
      -940
      -985
      -759
      -1,292
      -14,216
      -1,365
      -6,662
      -4,186
      0
      0
      -3,408
      -851
      -1,273
      766,858
      156,674
      -2,129
      86
      -5,017
      420
      299
      152
      243
      276
      154
      -7,841
      -285
      351
      13,018
      3,370
      7,600
      3,681
      22,212
      1,781
      8,458
      13,614
      3,966
      2,550
      1,712
      5,788
      4,166
      -1,383
      1,931
      1,446
      -926
      2,944
      2,723
      6,278
      10,443
      3,755
      -1,349
      596
      3,735
      5,842
      1,813
      3,865
      10,878
      287,985
      1,644
      -409,169
      -50,909
      1,338
      17
      6
      3,140
      424,922
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,324,442
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 1,372,795 38,921,300 0.035271
2016 1,435,413 36,325,272 0.039516
2015 1,970,683 35,404,594 0.055662
2014 1,509,239 38,594,225 0.039105
2013 1,562,047 38,469,086 0.040605
2
Total of line 1, column (d) .....................
2
0.210159
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
0.042032
4
Enter the net value of noncharitable-use assets for 2018 from Part X, line 5......
4
39,283,554
5
Multiply line 4 by line 3......................
5
1,651,166
6
Enter 1% of net investment income (1% of Part I, line 27b)...........
6
29,094
7
Add lines 5 and 6........................
7
1,680,260
8
Enter qualifying distributions from Part XII, line 4,.............
8
1,465,394
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 58,188
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 58,188
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 58,188
6 Credits/Payments:
a 2018 estimated tax payments and 2017 overpayment credited to 2018 6a 93,366
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 93,366
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 35,178
11 Enter the amount of line 10 to be: Credited to 2019 estimated taxBullet35,178 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition).................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA, DE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2018 or the taxable year beginning in 2018? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2018)
    Form 990-PF (2018)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMARGO BRATHWAITE Telephone no.bullet (617) 499-9901

    Located atbullet678 MASSACHUSETTS AVENUE 7TH FLCAMBRIDGEMA ZIP+4bullet02139
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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
    GREG JOBIN-LEEDS CHAIR/PRESIDENT/TREAS
    6.00     		0 0 0
    C/O SCHOTT FUND PO BOX 391408
    CAMBRIDGE,MA02139
    MARIA JOBIN-LEEDS VICE-CHAIR/SEC'Y
    0.25     		0 0 0
    C/O SCHOTT FUND PO BOX 391408
    CAMBRIDGE,MA02139
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    CAMBRIDGE ASSOCIATES LLC INVESTMENT ADVISORY 151,289
    100 SUMMER STREET
    BOSTON,MA02110
    MAZARS USA LLP ACCOUNTING SERVICES 60,247
    135 WEST 50TH STREET
    NEW YORK,NY10020
    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
    8,645,780
    b
    Average of monthly cash balances.......................
    1b
    1,453,646
    c
    Fair market value of all other assets (see instructions)................
    1c
    29,782,355
    d
    Total (add lines 1a, b, and c).........................
    1d
    39,881,781
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    39,881,781
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    598,227
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    39,283,554
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,964,178
    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
    1,964,178
    2a
    Tax on investment income for 2018 from Part VI, line 5......
    2a
    58,188
    b
    Income tax for 2018. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    58,188
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,905,990
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,905,990
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,905,990
    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
    1,465,394
    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
    1,465,394
    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
    1,465,394
    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 1,905,990
    2 Undistributed income, if any, as of the end of 2018:
    a Enter amount for 2017 only....... 297,448
    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$ 1,465,394
    a Applied to 2017, but not more than line 2a 297,448
    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..... 1,167,946
    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 ..........     		738,044
    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
    AGITARTE INC
    PO BOX 390164
    CAMBRIDGE,MA02139     		N/A PC NURTURE SOCIALLY CONSCIOUS ARTISTS 114,970
    ALLIED MEDIA PROJECTS
    4126 THIRD STREET
    DETROIT,MI48201     		N/A PC THE DECOLONIZING WEALTH 10,000
    MARIN HUMANE SOCIETY
    171 BEL MARIN KEYS BOULEVARD
    NOVATO,CA94949     		N/A PC REHABILITATION AND EDUCATIONAL PROGRAM WITH SAN QUENTIN STATE PRISON 10,000
    MASSACHUSETTS COMMUNITIES ACTION NETWORK
    14 CUSHING AVENUE
    BOSTON,MA02125     		N/A PC CAMPAIGN TO INCREASE SCHOOL FUNDING 500
    MS FOUNDATION FOR WOMEN
    12 METROTECH CENTER SUITE 26
    BROOKLYN,NY11201     		N/A PC GENDER EQUITY 10,000
    NATIONAL PUBLIC EDUCATION SUPPORT FUND
    1900 L STREET NW SUITE 520
    WASHINGTON,DC20036     		N/A PC EDUCATION DEVELOPMENT 10,000
    NORTH SHORE CHILD AND FAMILY GUIDANCE CENTER
    480 OLD WESTBURY ROAD
    ROSLYN HEIGHTS,NY11577     		N/A PC SUSTAIN TRIAGE, EMERGENCY AND HIGH RISK RESPONSE TO YOUNG CHILDREN 10,000
    PAWSITIVE PERSPECTIVES ASSISTANCE DOGS
    9877 234TH STREET EAST
    LAKEVILLE,MN550448299     		N/A PC GENERAL OPERATING SUPPORT 10,000
    SOUTHERN POVERTY LAW CENTER
    400 WASHINGTON AVENUE
    MONTGOMERY,AL36104     		N/A PC JUVENILE JUSTICE 10,000
    THE SCHOTT FOUNDATION FOR PUBLIC EDUCATION
    1250 HANCOCK STREET SUITE 803N
    QUINCY,MA02169     		N/A PC EDUCATION EXCELLENCE 900,000
    Total .................................bullet 3a 1,085,470
    bApproved for future payment
    AGITARTE INC
    PO BOX 390164
    CAMBRIDGE,MA02139     		N/A PC NURTURE SOCIALLY CONSCIOUS ARTISTS 1,904
    THE SCHOTT FOUNDATION FOR PUBLIC EDUCATION
    1250 HANCOCK STREET SUITE 803N
    QUINCY,MA02169     		N/A PC GIRLS EQUITY & JUSTICE 50,000
    THE SCHOTT FOUNDATION FOR PUBLIC EDUCATION
    1250 HANCOCK STREET SUITE 803N
    QUINCY,MA02169     		N/A PC EDUCATION EXCELLENCE 5,000
    Total .................................bullet 3b 56,904
    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 2,672  
    4 Dividends and interest from securities....     14 668,336  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 887,758  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,324,442  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,883,208 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,883,208
    (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:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 136,954 0   91,288

    TY 2018 GeneralExplanationAttachment
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Identifier Return Reference Explanation
    CONTRIBUTIONS - CASH BASIS FORM 990-PF, PART I, LINE 25, COLUMN D RECONCILIATION OF FORM 990, PAGE 1, LINE 25, COLUMNS A AND DCONTRIBUTIONS, LINE 25, COLUMN A 1,142,374ADD: PRIOR YEAR ACCRUED CONTRIBUTIONS PAID IN CURRENT YEAR 100,000LESS: ACCRUED CONTRIBUTIONS IN CURRENT YEAR (56,904)CONTRIBUTIONS, LINE 25, COLUMN D 1,185,470

    TY 2018 InvestmentsCorpStockSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ALLOWANCE FOR UNREALIZED GAIN/LOSS 2,047,619 0
    CHARLES SCHWAB & CO, INC 1,504,996 2,056,966
    FORESTER DIVERSIFIED LTD 185,312 222,442
    LORING WOLCOTT & COOLIDGE 477,693 1,108,028
    US BANK 4,101,185 4,929,369

    TY 2018 InvestmentsOtherSchedule2
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ALLOWANCE FOR UNREALIZED GAIN/LOSS FMV 2,926,387 0
    CITY OF LONDON-INVESTABLE EMERGING MKTS FMV 1,041,228 1,593,194
    CRA QUALIFIED INVESTMENT FUND FMV 1,122,554 1,103,941
    ECOSYSTEM INVESTMENT PARTNERS III LP FMV 46,848 62,116
    GENERATION IM GLOBAL EQUITY FMV 4,352,718 5,501,343
    GMO FORESTRY FUND FMV 148,126 122,771
    GREENSPRING IMPACT I FMV 100,000 87,815
    ILLUMEN CAPITAL FMV 117,010 96,809
    LYME FOREST FUND III TE LP FMV 242,157 342,944
    LYME FOREST FUND IV TE LP FMV 456,564 502,344
    NB SOCIALLY RESPONSIVE FUND FMV 977,927 1,134,617
    OWL VENTURES LP FMV 131,904 262,504
    PIMCO TOTAL RETURN FUND III FMV 8,172,212 8,242,025
    TOUCHSTONE SUSTAINABILITY & IMPACT EQUITY FUND FMV 4,788,411 4,707,174
    VANGUARD INFLATION PROTECTED SECURITIES FUND FMV 2,768,780 2,830,823
    VANGUARD IT TREASURY INDEX ADMIRAL FUND FMV 3,616,614 3,782,657
    WALDEN EQUITY FUND FMV 745,887 1,236,403
    WALDEN SMALL CAP INNOVATIONS FUND FMV 651,020 796,867

    TY 2018 LegalFeesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 360 0   360


    TY 2018 OtherAssetsSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    DUE FROM FORESTER DIVERSIFIED LTD 1,645,354 0 0
    DUE FROM CLEAN GROWTH FUND V LP 0 287,948 287,948


    TY 2018 OtherDecreasesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Description Amount
    UNREALIZED LOSS ON MARKETABLE SECURITIES 130,581


    TY 2018 OtherExpensesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 1,904 0   1,904
    DED RELATED TO PORTFOLIO INC 0 82,499   0
    DUES & SUBSCRIPTIONS 1,822 0   1,770
    INSURANCE 5,998 0   5,998
    LICENSES & FEES 924 0   924
    OFFICE EXPENSE 291 0   380
    OFFICE SUPPLIES 9,975 0   12,738
    OTHER EXPENSE 1,300 0   1,300
    POSTAGE & DELIVERY 302 0   354
    PROFESSIONAL DEVELOPMENT 9,100 0   9,100


    TY 2018 OtherIncomeSchedule2
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BERNARD L MADOFF RECOVERY 65,496 0 65,496
    COLCHESTER GLOBAL BOND FUND 0 -21,514 0
    COLCHESTER GLOBAL BOND FUND 0 -167 0
    COLCHESTER GLOBAL BOND FUND 0 -1,785 0
    ECOSYSTEM INVESTMENT PARTNERS III LP 0 208 0
    ECOSYSTEM INVESTMENT PARTNERS III LP 0 181 0
    EMERGING MARKETS INVESTABLE FUND 0 70,422 0
    EMERGING MARKETS INVESTABLE FUND 0 33,136 0
    EMERGING MARKETS INVESTABLE FUND 0 -18,544 0
    GENERATION IM GLOBAL EQUITY FUND LLC 60,386 60,386 60,386
    GENERATION IM GLOBAL EQUITY FUND LLC 625,728 625,728 625,728
    GENERATION IM GLOBAL EQUITY FUND LLC 41,587 45,574 41,587
    GREENSPRING IMPACT I 0 140 0
    ILLUMEN CAPITAL LP -2,291 0 -2,291
    LYME FOREST FUND III TE LP 7,879 8,938 7,879
    LYME FOREST FUND III TE LP 575 575 575
    LYME FOREST FUND IV TE LP 8,817 9,561 8,817
    LYME FOREST FUND IV TE LP 129 129 129
    OTHER INVESTMENT INCOME 5,533 5,533 5,533
    OWL VENTURES LP -70 137 -70
    OWL VENTURES LP 50,857 50,857 50,857
    PIMCO TOTAL RETURN - CAPITAL GAINS 98 0 98
    ROYALTY INCOME 6,874 6,874 6,874
    SOMERSET GLOBAL EMERGING MKTS FUND LLC 0 31,472 0
    SOMERSET GLOBAL EMERGING MKTS FUND LLC 0 98 0
    SOMERSET GLOBAL EMERGING MKTS FUND LLC 0 362,292 0
    TRG FORESTRY FUND I-B LP 15,729 17,101 15,729
    VANGUARD IT TREASURY - CAPITAL GAINS -2,386 0 -2,386
    VONOVAI SE RT 2,817 2,817 2,817


    TY 2018 OtherLiabilitiesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX 85,000 99,000
    FEDERAL EXCISE TAX PAYABLE 9,098 0


    TY 2018 OtherProfessionalFeesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 96,046 0   106,773
    INVESTMENT ADVISORY FEES 151,289 151,289   0
    INVESTMENT MANAGEMENT FEES 112,927 112,927   0
    INVESTMENT MANAGEMENT FEES - COLCHESTER GLOBAL BOND FUND 0 539   0


    TY 2018 TaxesSchedule
    Name:
    CAROLINE & SIGMUND SCHOTT FUND
    EIN:
    11-2856561
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 42,536 0   0
    FOREIGN TAX WITHHELD 25,447 25,447   0
    FOREIGN TAXES-GEN IM GLOBAL EQ 0 2,763   0
    FOREIGN TAXES-EMERGING MKTS INVESTABLE FUND 0 495   0
    FOREIGN TAXES-SOMERSET GLOBAL EMERGING MARKETS FUND LLC 0 250   0