-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0052
20
19
Open to Public Inspection
For calendar year 2019, or tax year beginning
01-01-2019
, and ending
12-31-2019
Name of foundation
Grimshaw-Gudewicz Charitable Foundation A Shabshelowitz Co-Trustee
Number and street (or P.O. box number if mail is not delivered to street address)
263 Walnut St
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Fall River
,
MA
02720
A Employer identification number
04-6778721
B
Telephone number (see instructions)
(508) 672-2182
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Final return
Amended return
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
31,471,493
J
Accounting method:
Cash
Accrual
Other (specify)
(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)
1
Contributions, gifts, grants, etc., received (attach schedule)
2
Check
.............
3
Interest on savings and temporary cash investments
90
90
4
Dividends and interest from securities
...
810,857
810,857
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
1,688,060
b
Gross sales price for all assets on line 6a
6,326,375
7
Capital gain net income (from Part IV, line 2)
...
1,688,060
8
Net short-term capital gain
.........
9
Income modifications
...........
10a
Gross sales less returns and allowances
b
Less: Cost of goods sold
....
c
Gross profit or (loss) (attach schedule)
.....
11
Other income (attach schedule)
.......
12
Total.
Add lines 1 through 11
........
2,499,007
2,499,007
13
Compensation of officers, directors, trustees, etc.
252,770
176,939
75,831
14
Other employee salaries and wages
......
15
Pension plans, employee benefits
.......
16a
Legal fees (attach schedule)
.........
b
Accounting fees (attach schedule)
.......
11,055
c
Other professional fees (attach schedule)
....
17
Interest
...............
18
Taxes (attach schedule) (see instructions)
...
32,658
10,108
19
Depreciation (attach schedule) and depletion
...
20
Occupancy
..............
21
Travel, conferences, and meetings
.......
22
Printing and publications
..........
23
Other expenses (attach schedule)
.......
761
516
245
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
297,244
187,563
76,076
25
Contributions, gifts, grants paid
.......
1,600,000
1,600,000
26
Total expenses and disbursements.
Add lines 24 and 25
1,897,244
187,563
1,676,076
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
601,763
b
Net investment income
(if negative, enter -0-)
2,311,444
c
Adjusted net income
(if negative, enter -0-)
...
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2019)
Form 990-PF (2019)
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
1
Cash—non-interest-bearing
.............
2
Savings and temporary cash investments
.........
1,683,518
602,384
602,384
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
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)
Less: allowance for doubtful accounts
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
7,123
10a
Investments—U.S. and state government obligations (attach schedule)
b
Investments—corporate stock (attach schedule)
.......
13,837,622
12,976,094
21,471,755
c
Investments—corporate bonds (attach schedule)
.......
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
6,137,264
8,692,284
9,397,354
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
15
Other assets (describe
)
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
21,665,527
22,270,762
31,471,493
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
)
40,870
44,342
23
Total liabilities
(add lines 17 through 22)
.........
40,870
44,342
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
16,279,503
16,279,503
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
5,345,154
5,946,917
29
Total net assets or fund balances
(see instructions)
.....
21,624,657
22,226,420
30
Total liabilities and net assets/fund balances
(see instructions)
.
21,665,527
22,270,762
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 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
21,624,657
2
Enter amount from Part I, line 27a
.....................
2
601,763
3
Other increases not included in line 2 (itemize)
3
4
Add lines 1, 2, and 3
..........................
4
22,226,420
5
Decreases not included in line 2 (itemize)
5
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29
.
6
22,226,420
Form
990-PF
(2019)
Form 990-PF (2019)
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
Publicly Traded Securities
P
b
Capital Gain Dividends
c
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
6,227,811
4,638,315
1,589,496
b
98,564
98,564
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
1,589,496
b
98,564
c
d
e
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
1,688,060
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
...................
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?
Yes
No
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))
2018
1,670,340
30,270,379
000000.055181
2017
1,678,214
30,891,439
000000.054326
2016
1,658,606
28,727,527
000000.057736
2015
1,662,848
29,841,301
000000.055723
2014
1,678,462
30,962,081
000000.054210
2
Total
of line 1, column (d)
.....................
2
000000.277176
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
000000.055435
4
Enter the net value of noncharitable-use assets for 2019 from Part X, line 5
......
4
30,061,405
5
Multiply line 4 by line 3
......................
5
1,666,454
6
Enter 1% of net investment income (1% of Part I, line 27b)
...........
6
23,114
7
Add lines 5 and 6
........................
7
1,689,568
8
Enter qualifying distributions from Part XII, line 4
,.............
8
1,676,076
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
(2019)
Form 990-PF (2019)
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
and enter “N/A" on line 1.
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
46,229
here
and enter 1% of Part I, line 27b
...................
c
All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
3
Add lines 1 and 2
...........................
3
46,229
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
46,229
6
Credits/Payments:
a
2019 estimated tax payments and 2018 overpayment credited to 2019
6a
30,000
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
d
Backup withholding erroneously withheld
...........
6d
7
Total credits and payments. Add lines 6a through 6d
..............
7
30,000
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
16,229
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2020 estimated tax
Refunded
11
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? (see Instructions
for definition)
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
(2)
On foundation managers.
$
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
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)
NH
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 2019 or the taxable year beginning in 2019? 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
(2019)
Form 990-PF (2019)
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
No
Website address
N/A
14
The books are in care of
Andrew Shabshelowitz Co-Trustee
Telephone no.
(508) 672-2182
Located at
263 Walnut St
Fall River
MA
ZIP+4
02720
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2019, did the foundation have an interest in or a signature or other authority over
Yes
No
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
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?
Yes
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
......................
Yes
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
Yes
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
Yes
No
(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)?
...............
Yes
No
(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.)
.......
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
........
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 2019?
.............
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 2019, did the foundation have any undistributed income (lines 6d
and 6e, Part XIII) for tax year(s) beginning before 2019?
.............
Yes
No
If "Yes," list the years
20
,
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.
20
,
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?
......................
Yes
No
b
If "Yes," did it have excess business holdings in 2019 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 2019.)
..................
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 2019?
4b
No
Form
990-PF
(2019)
Form 990-PF (2019)
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))?
Yes
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
.............
Yes
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
Yes
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
................
Yes
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.....
Yes
No
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
Organizations relying on a current notice regarding disaster assistance check here
.........
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?
..........
Yes
No
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?
.....................
Yes
No
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?
Yes
No
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?
.................
Yes
No
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
Barry Robbins
Trustee
010.00
50,554
7 Harwich Road
Barrington
,
RI
02906
Andrew Shabshelowitz
Trustee
010.00
50,554
263 Walnut St
Fall River
,
MA
02720
Arthur Parker
Trustee
010.00
50,554
8 Harbour Rd
Barrington
,
RI
02806
Anne Fazendeiro
Trustee
010.00
50,554
173 Auburn St
New Bedford
,
MA
02740
Bernard AG Taradash
Trustee
010.00
50,554
PO Box 488
Fall River
,
MA
02722
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
Total
number of other employees paid over $50,000
...................
Form
990-PF
(2019)
Form 990-PF (2019)
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
Total
number of others receiving over $50,000 for professional services
.............
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
N/A
0
2
3
4
Part IX-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
N/A
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
Form
990-PF
(2019)
Form 990-PF (2019)
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
29,975,242
b
Average of monthly cash balances
.......................
1b
513,659
c
Fair market value of all other assets (see instructions)
................
1c
30,292
d
Total
(add lines 1a, b, and c)
.........................
1d
30,519,193
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
.............
1e
2
Acquisition indebtedness applicable to line 1 assets
..................
2
3
Subtract line 2 from line 1d
.........................
3
30,519,193
4
Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
instructions)
.............................
4
457,788
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3. Enter here and on Part V, line 4
5
30,061,405
6
Minimum investment return.
Enter 5% of line 5
..................
6
1,503,070
Part XI
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part X, line 6
....................
1
1,503,070
2a
Tax on investment income for 2019 from Part VI, line 5
......
2a
46,229
b
Income tax for 2019. (This does not include the tax from Part VI.)
...
2b
c
Add lines 2a and 2b
............................
2c
46,229
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
1,456,841
4
Recoveries of amounts treated as qualifying distributions
................
4
5
Add lines 3 and 4
............................
5
1,456,841
6
Deduction from distributable amount (see instructions)
.................
6
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1
...
7
1,456,841
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
1,676,076
b
Program-related investments—total from Part IX-B
..................
1b
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
b
Cash distribution test (attach the required schedule)
.................
3b
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
4
1,676,076
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
6
Adjusted qualifying distributions.
Subtract line 5 from line 4
..............
6
1,676,076
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
(2019)
Form 990-PF (2019)
Page
9
Part XIII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2018
(c)
2018
(d)
2019
1
Distributable amount for 2019 from Part XI, line 7
1,456,841
2
Undistributed income, if any, as of the end of 2019:
a
Enter amount for 2018 only
.......
b
Total for prior years:
20
,
20
,
20
3
Excess distributions carryover, if any, to 2019:
a
From 2014
......
175,632
b
From 2015
......
199,839
c
From 2016
......
252,434
d
From 2017
......
157,626
e
From 2018
......
171,021
f
Total
of lines 3a through e
........
956,552
4
Qualifying distributions for 2019 from Part
XII, line 4:
$
1,676,076
a
Applied to 2018, but not more than line 2a
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
d
Applied to 2019 distributable amount
.....
1,456,841
e
Remaining amount distributed out of corpus
219,235
5
Excess distributions carryover applied to 2019.
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
1,175,787
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
e
Undistributed income for 2018. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
f
Undistributed income for 2019. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2020
..........
0
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
8
Excess distributions carryover from 2014 not
applied on line 5 or line 7 (see instructions)
...
175,632
9
Excess distributions carryover to 2020.
Subtract lines 7 and 8 from line 6a
......
1,000,155
10
Analysis of line 9:
a
Excess from 2015
....
199,839
b
Excess from 2016
....
252,434
c
Excess from 2017
....
157,626
d
Excess from 2018
....
171,021
e
Excess from 2019
....
219,235
Form
990-PF
(2019)
Form 990-PF (2019)
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 2019, enter the date of the ruling
.......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
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)
2019
(b)
2018
(c)
2017
(d)
2016
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.)
1
Information Regarding Foundation Managers:
a
List 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).)
None
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
None
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Anne Fazendeiro
173 Auburn Street
New Bedford
,
MA
02740
(508) 997-2297
b
The form in which applications should be submitted and information and materials they should include:
A letter indicating purpose for which funds requested accompanied by a copy of the federal exemption letter and evidence that the organizaton is currently in good standing.
c
Any submission deadlines:
None
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
A minimum of 80 of the Foundations annual distribution is given to charitable organizations as designated in the trust instrument. The Trustees have discretion as to 20 of the annual distribution. The Trustees policy is to give to charitable organizations in geographical areas comprising Bristol County, MA, proximate Rhode Island areas, Peterborough, New Hampshire and vicinity and locations that can affect or benefit the inhabitants of Southeastern Massachusetts, Rhode Island, or New Hampshire areas. Generally the targeted areas for giving are the arts, education, especially those that enhance business and entrepreneurial skills, healthcare, and preservation of local culture. The Trustees also favor those organizations that will provide a lasting named memorial whenever possible.
Form
990-PF
(2019)
Form 990-PF (2019)
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)
a
Paid during the year
Apple Hill Center for Chamber Music
Apple Hill Road PO Box 217
East Sullivan
,
NH
03445
None
PC
General Support
2,000
Atlantis Charter School
2501 South Main St
Fall River
,
MA
02721
None
PC
General Support
9,000
Blithewold Inc
101 Ferry Road
Bristol
,
RI
02809
None
PC
General Support
15,000
Boys & Girls Club of New Bedford
PO Box 1506
New Bedford
,
MA
02741
None
PC
General Support
2,000
Bristol Community College
777 Elsbree St
Fall River
,
MA
02720
None
PC
Support College Art Library
15,000
Brown University
PO Box 1860
Providence
,
RI
02912
None
PC
Scholarships and Support of University Operations
160,000
Buttonwood Park Zoological Society Inc
425 Hawthorne St
New Bedford
,
MA
02740
None
PC
General Support
3,000
Charlton Memorial Hospital Auxiliary Fund
363 Highland Ave
Fall River
,
MA
02720
None
PC
General Support
10,000
Children's Museum of Greater Fall River Inc
441 North Main St
Fall River
,
MA
02720
None
PC
General Support
3,000
College Light Opera Company
At Highfield-PO Box 906
Falmouth
,
MA
025410906
None
PC
General Support
3,800
Con Val High School
184 Hancock Road
Peterborough
,
NH
03458
None
PC
Scholarships
10,000
Concerts at the Point
PO Box 3
Westport Point
,
MA
02791
None
PC
Scholarships
3,000
Dana-Farber Cancer Institute Inc
450 Brookline Avenue
Boston
,
MA
02115
None
PC
General Support
10,000
Dartmouth High School
555 Bakerville Road
North Dartmouth
,
MA
02747
None
PC
Scholarships
6,000
Dennison Memorial Community Center Inc
755 South First St
New Bedford
,
MA
02744
None
PC
General Support
2,000
Eastern Nazarene College
23 East Elm Ave
Quincy
,
MA
02170
None
PC
Scholarships
60,000
Fall River High School Alumni Scholarships
PO Box 2519
Fall River
,
MA
02722
None
PC
Scholarships
6,000
Fall River Historical Society
457 Rock St
Fall River
,
MA
02720
None
PC
General Support
6,500
Fall River United Jewish Appeal
385 High St
Fall River
,
MA
02720
None
PC
General Support
11,500
First Baptist Church of Fall River
228 North Main St
Fall River
,
MA
027202318
None
PC
General Support
2,500
Franklin Pierce University
College Road PO Box 60
Rindge
,
NH
03461
None
PC
General Support
160,000
Freetown Historical Society
3 Slab Bridge Rd PO Box 253
Assonet
,
MA
02702
None
PC
General Support
130,000
Friends Academy Inc
1088 Tucker Road
Dartmouth
,
MA
02747
None
PC
General Support
4,000
Future in Sight
25 Walker St
Concord
,
NH
03301
None
PC
General Support
160,000
Happy Valley School
130 Gulf Road
Peterborough
,
NH
03458
None
PC
General Support
500
Harris Center for Conservation Education
341 Kings Highway
Hancock
,
NH
03449
None
PC
General Support
500
Home for Little Wanderers Inc
271 Huntington Ave
Boston
,
MA
02130
None
PC
General Support
4,000
Immigrants Assistance Center
58 Crapo St
New Bedford
,
MA
02740
None
PC
General Support
5,000
John E Boyd Center
2028 Rodman St
Fall River
,
MA
02721
None
PC
General Support
1,500
Katie Brown Educational Program
10 Purchase St Fifth Floor
Fall River
,
MA
02720
None
PC
General Support
4,000
Lown Cardiovascular Group Inc
830 Boylston St Ste 205
Chestnut Hill
,
MA
02467
None
PC
General Support
2,000
Lown Institute Inc
21 Longwood Ave
Brookline
,
MA
02446
None
PC
General Support
6,000
Marine Museum at Fall River
70 Water St
Fall River
,
MA
02721
None
PC
General Support
500
Mary Hitchcock Memorial Hospital
One Medical Center Drive
Lebanon
,
NH
037560001
None
PC
General Support
160,000
Masonic Education and Charity Trust
186 Tremont St
Boston
,
MA
02111
None
PC
General Support
160,000
Massachusetts Eye & Ear
243 Charles St
Boston
,
MA
02114
None
PC
Eye Melanoma Research
7,500
Michael's Fund
966 Walnut St
Fall River
,
MA
02720
None
PC
General Support
5,000
Miriam Hospital Foundation
PO Box H
Providence
,
RI
02901
None
PC
General Support
10,000
Monadnock Chorus
PO Box 540
Peterborough
,
NH
03458
None
PC
General Suppport
500
Monadnock Community Day Care
PO Box 262
Peterborough
,
NH
03458
None
PC
General Support
500
Monadnock Community Hospital
452 Old Street Road
Peterborough
,
NH
03458
None
PC
Hospital Capital Fund
16,000
Monadnock Music
20 Depot St 3rd Floor Office 18
Peterborough
,
NH
03458
None
PC
General Support
500
Monadnock United Care
23 Center St
Keene
,
NH
03431
None
PC
General Support
500
Monadnock Worksource
225 Concord St PO Box 28
Peterborough
,
NH
03458
None
PC
General Support
500
NEADS
PO Box 213
West Boylston
,
MA
01583
None
PC
General Support
500
National Brain Tumor Society
124 Watertown St Suite 3H
Watertown
,
MA
02472
None
PC
Medical Research
2,000
Nativity Prep School
66 Spring St
New Bedford
,
MA
02740
None
PC
Scholarships
5,000
New Bedford Free Public Library
613 Pleasant St
New Bedford
,
MA
02740
None
PC
General Support
1,000
New Bedford High School
230 Hathaway Blvd
New Bedford
,
MA
02740
None
PC
Scholarships
34,000
New Bedford Port Society
15 Johnny Cake Hill
New Bedford
,
MA
02740
None
PC
General Support
1,000
New Bedford Symphony Orchestra
128 Union St Suite 204
New Bedford
,
MA
02740
None
PC
General Support
17,000
New Bedford Whaling Museum
18 Johnny Cake Hill
New Bedford
,
MA
02740
None
PC
Public Education Programs
19,000
New Hampshire Public Radio
207 North Main St
Concord
,
NH
03301
None
PC
General Support
500
Old Rochester Regional High School
135 Marion Road
Mattapoisett
,
MA
02739
None
PC
Scholarships
2,000
Our Sisters School
145 Brownell Avenue
New Bedford
,
MA
02740
None
PC
Scholarships
5,000
Peterborough Fire Rescue Assoc Inc
PO Box 244
Peterborough
,
NH
03458
None
PC
General Support
500
Peterborough Historical Society
19 Grove St PO Box 58
Peterborough
,
NH
03458
None
PC
General Support
8,500
Peterborough Players
Hadley Rd PO Box 118
Peterborough
,
NH
03458
None
PC
General Support
8,000
Peterborough Town Library
2 Concord St
Peterborough
,
NH
03458
None
PC
General Support
1,500
Rhode Island Public Radio
One Union Station
Providence
,
RI
02903
None
PC
General Support
5,000
RI Council for the Humanities
131 Washington St Suite 210
Providence
,
RI
02903
None
PC
General Support
2,000
River Center Family and Community Resource Center
46 Concord St
Peterborough
,
NH
03458
None
PC
General Support
5,000
Roger Williams University School of Law
One Old Ferry Road
Bristol
,
RI
028092921
None
PC
General Support
3,000
Roger Williams University
One Old Ferry Road
Bristol
,
RI
02809
None
PC
Scholarships
2,500
Rotch-Jones Duff House & Garden Museum Inc
396 County St
New Bedford
,
MA
02740
None
PC
General Support
16,000
Salve Regina University
100 Ochre Point Ave
Newport
,
RI
02840
None
PC
Scholarships
5,000
Save the Bay Inc (RI)
100 Save the Bay Drive
Providence
,
RI
02905
None
PC
General Support
4,000
Schepens Eye Research Institute
20 Staniford St
Boston
,
MA
02114
None
PC
Macula Degeneration Research
160,000
SHARE Foundation Inc
285 Old Westport Road
North Dartmouth
,
MA
02747
None
PC
General Support
8,000
Shriners Hospital for Children
51 Blossom St
Boston
,
MA
02114
None
PC
General Support
5,000
Society for the Protection of NH Forests
54 Portsmouth St
Concord
,
NH
03301
None
PC
General Support
13,000
Southcoast Hospitals Group Inc
101 Page St
New Bedford
,
MA
02740
None
PC
General Support
1,500
Strawbery Banke
PO Box 300
Portsmouth
,
NH
03802
None
PC
General Support
500
Tabor Academy
66 Spring St
Marion
,
MA
02738
None
PC
General Support
4,000
Thomas Chew Boys & Girls Club
PO Box 5155
Fall River
,
MA
02723
None
PC
General Support
13,000
Union Congregational Church
33 Concord St
Peterborough
,
NH
03458
None
PC
General Support
2,500
United Church of Assonet
North Main St PO Box 155
Assonet
,
MA
02702
None
PC
General Support
500
United States Equestrian Team
PO Box 355
Gladstone
,
NJ
07934
None
PC
General Support
2,800
University of NH Northeast Passage
121 Technology Drive Suite 161
Durham
,
NH
03824
None
PC
General Support
10,000
USS Massachusetts Memorial Committee
5 Water St PO Box 111
Fall River
,
MA
02722
None
PC
General Support
2,000
Waterfront Historic Area League of New Bedford
15 Johnny Cake Hill
New Bedford
,
MA
02740
None
PC
General Support
1,500
Westport Community Schools
19 Main Road
Westport
,
MA
02790
None
PC
General Support
7,500
Westport River Watershed Alliance Inc
1151 Main Rd
Westport
,
MA
02790
None
PC
General Support
20,000
WGBH Educational Foundation
One Guest St
Boston
,
MA
02135
None
PC
General Support
500
Zeiterion Theatre
684 Purchase St
New Bedford
,
MA
02741
None
PC
Children Programs
1,000
Southeastern Massachusetts Veterans Housing Program Inc
344 County St
New Bedford
,
MA
02740
None
PC
General Support
5,000
Altemont Lodge #26
PO Box 138
West Peterborough
,
NH
03468
None
PC
General Support
2,400
Amos Fortune Forum
PO Box 153
Jaffrey
,
NH
03452
None
PC
General Support
500
Andy's Summer Playhouse
PO Box 601
Wilton
,
NH
03086
None
PC
General Support
500
Animal Rescue League of Fall River
474 Durfee St
Fall River
,
MA
02720
None
PC
General Support
2,000
Animal Rescue League of New Bedford dba Humane Society & Shelter Southcoast
31 Ventura Drive
North Dartmouth
,
MA
02747
None
PC
General Support
1,000
Tiverton Land Trust
PO Box 167
Tiverton
,
RI
02878
None
PC
General Support
1,000
Narrows Center for the Arts
16 Anawan Street
Fall River
,
MA
02721
None
PC
General Support
2,000
Mobile Ministries
199 Pine Hill Road
North Dartmouth
,
MA
02747
None
PC
General Support
5,000
Total
.................................
3a
1,600,000
b
Approved for future payment
Total
.................................
3b
Form
990-PF
(2019)
Form 990-PF (2019)
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.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
b
c
d
e
f
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
3
Interest on savings and temporary cash
investments
...........
14
90
4
Dividends and interest from securities
....
14
810,857
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
b
Not debt-financed property
.....
6
Net rental income or (loss) from personal property
7
Other investment income
.....
8
Gain or (loss) from sales of assets other than
inventory
............
18
1,688,060
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)
..
2,499,007
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
2,499,007
(See worksheet in line 13 instructions to verify calculations.)
Part XVI-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
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
(2019)
Form 990-PF (2019)
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?
...........
Yes
No
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.
May the IRS discuss this return
with the preparer shown below
(see instr.)
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2019)
Additional Data
Software ID:
19009610
Software Version:
19.2.1.0
Part VI Line 7 - Tax Paid with the Original Return:
30,000
Form 990PF - Special Condition Description:
Special Condition Description