Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
LAWRENCE & LILLIAN SOLOMON FOUNDATION
INC
Number and street (or P.O. box number if mail is not delivered to street address)10 LAUREL AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WELLESLEY, MA02481
A Employer identification number

20-2631943
B Telephone number (see instructions)

(781) 431-1440
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$2,224,740J 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) 1,027,308
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 181,300 164,537  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,306
b Gross sales price for all assets on line 6a 7,031,004
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 1,210,914 164,537  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 174,739 0   159,738
14 Other employee salaries and wages...... 109,072 0   88,303
15 Pension plans, employee benefits....... 19,270 0   19,270
16a Legal fees (attach schedule)......... Click to see attachment 190,585 0   0
b Accounting fees (attach schedule)....... Click to see attachment 29,816 0   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 29,049 634   18,604
19 Depreciation (attach schedule) and depletion... Click to see attachment 1,014 0  
20 Occupancy.............. 64,008 0   0
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 215,909 21,372   150,718
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 833,462 22,006   436,633
25 Contributions, gifts, grants paid....... 451,690 451,690
26 Total expenses and disbursements. Add lines 24 and 25 1,285,152 22,006   888,323
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -74,238
b Net investment income (if negative, enter -0-) 142,531
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
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............. 613,166 1,420,249 1,420,249
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,066,223 Click to see attachment6,235,960 793,773
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)..........      
14 Land, buildings, and equipment: basis bullet38,019
Less: accumulated depreciation (attach schedule) bullet35,101 613 Click to see attachment2,918 2,918
15 Other assets (describe bullet) Click to see attachment7,800 Click to see attachment7,800 Click to see attachment7,800
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,687,802 7,666,927 2,224,740
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment6,830 Click to see attachment0
23 Total liabilities (add lines 17 through 22)......... 6,830 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 8,680,972 7,666,927
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 8,680,972 7,666,927
30 Total liabilities and net assets/fund balances (see instructions). 8,687,802 7,666,927
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
8,680,972
2
Enter amount from Part I, line 27a .....................
2
-74,238
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
8,606,734
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
939,807
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,666,927
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 500 AMERICAN TOW CORP P 2019-05-01 2020-03-23
b 265 BOEING CO P 2019-05-02 2020-03-23
c 2000 CITIGROUP P 2020-07-23 2020-10-01
d 800 CROWN CAST TINL CO REIT P 2019-04-17 2020-03-10
e 50 DIAMOND HILL SHORT DUR SECURITIZ P 2020-03-10 2020-03-23
540 FEDEX P 2019-12-12 2020-03-10
2000 GLOBAL X NASDAQ 100 P 2020-02-04 2020-03-10
3000 GLOBAL X NASDAQ 100 P 2020-02-04 2020-03-10
870 JP MORGAN P 2019-05-02 2020-03-10
400 LOCKHEED MARTIN CORP P 2020-07-23 2020-12-31
400 MASTERCARD P 2019-05-02 2020-03-10
500 NORTHROP GRUMMAN P 2020-07-23 2020-12-29
3000 PACER BNCHMARK P 2020-08-05 2020-10-01
15000 PROSHARES SHORT S&P 500 P 2020-03-23 2020-03-24
1500 REALTY INCM CORP P 2019-04-17 2020-03-10
5000 TEEKAY PTRS P 2020-07-27 2020-07-29
1000 TEXAS INSTRUMENTS P 2020-07-23 2020-08-05
750 WALT DISNEY P 2019-05-02 2020-03-10
2000 ANNALY CAPITAL 6.5% PFD P 2018-11-14 2020-07-28
1000 ANWORTH MORT 7.625% PFD P 2018-01-01 2020-07-27
3250 APOLLO TACTICAL INCOME P 2018-08-10 2020-01-16
10000 ARCHROCK INC P 2019-02-25 2020-03-10
3000 BLACKSTONE LONG SHORT CR P 2018-08-10 2020-01-16
2000 CAPSTEAD MORTG 7.5% PFD P 2018-11-16 2020-07-28
20020 COHEN & STEERS LOW DURATION P 2018-08-28 2020-03-23
32265 COHEN & STEER PREFERRED P 2018-01-01 2020-03-23
109453 DIAMOND HILL SHORT DUR P 2018-01-01 2020-03-23
3333 DYNEX CAPITAL INC. REIG P 2018-08-28 2020-03-10
2222 ENBRIDGE INC P 2018-12-18 2020-03-10
9442 GUGGENHEIM MACRO OPPORT P 2018-01-01 2020-03-23
20059 LAZARD GLOBAL LIST INFRA P 2018-01-01 2020-03-23
111520 PALMER SQUARE INC PLUS P 2018-01-01 2020-03-23
20539 PIMCO INC INSTL P 2018-01-01 2020-03-23
1200 PROLOGIS INC REIT P 2019-05-01 2020-07-24
100908 SHENKMAN CAPITAL SHORT DUR P 2018-11-14 2020-03-23
2270 MPLX LP P 2015-10-30 2020-03-10
100 BANK OF AMERICA 7.25% PFD P 2010-02-17 2020-03-23
3000 BROOKFIELD INFRASTRUC LP P 2016-05-31 2020-03-23
389 BROOKFIELD INFRASTRUC FCLASS P 2018-01-01 2020-07-24
3840 ENERGY TRANSFER LP P 2015-10-01 2020-03-10
4000 ENTERPRISE PRODS PART LP P 2015-10-01 2020-03-10
1500 MAGELLAN MIDSTREAM LP P 2016-04-25 2020-03-10
3000 PLAINS ALL AMERICA LP P 2015-10-01 2020-03-10
6000 USA COMPRESSION PARTN LP P 2019-02-25 2020-03-10
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 94,770   97,182 -2,412
b 26,515   99,770 -73,255
c 86,048   103,530 -17,482
d 123,401   97,685 25,716
e 475   511 -36
64,610   101,232 -36,622
41,739   47,424 -5,685
62,579   71,137 -8,558
86,554   100,469 -13,915
141,063   156,443 -15,380
109,323   99,110 10,213
150,290   158,211 -7,921
106,706   112,500 -5,794
457,341   481,050 -23,709
111,898   101,368 10,530
56,323   56,505 -182
131,527   130,930 597
81,914   101,432 -19,518
41,999   48,402 -6,403
20,700   23,280 -2,580
50,399   49,788 611
39,409   101,198 -61,789
47,747   49,650 -1,903
45,309   44,045 1,264
168,353   200,015 -31,662
350,066   434,197 -84,131
1,023,376   1,100,620 -77,244
51,926   55,812 -3,886
70,178   70,993 -815
224,997   250,226 -25,229
234,682   282,083 -47,401
989,175   1,100,015 -110,840
214,421   248,342 -33,921
119,819   94,181 25,638
881,922   1,000,015 -118,093
36,121   113,408 -77,287
115,246   89,504 25,742
93,968   85,095 8,873
18,111     18,111
28,844   89,770 -60,926
74,890   100,778 -25,888
70,558   104,558 -34,000
26,984   94,500 -67,516
56,422   95,634 -39,212
2,306     2,306
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       -2,412
b       -73,255
c       -17,482
d       25,716
e       -36
      -36,622
      -5,685
      -8,558
      -13,915
      -15,380
      10,213
      -7,921
      -5,794
      -23,709
      10,530
      -182
      597
      -19,518
      -6,403
      -2,580
      611
      -61,789
      -1,903
      1,264
      -31,662
      -84,131
      -77,244
      -3,886
      -815
      -25,229
      -47,401
      -110,840
      -33,921
      25,638
      -118,093
      -77,287
      25,742
      8,873
      18,111
      -60,926
      -25,888
      -34,000
      -67,516
      -39,212
      2,306
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 -1,011,594
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
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
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 for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 1,981
c All other domestic foundations enter 1.39% 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 1,981
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 1,981
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 17,919
b Exempt foreign organizations—tax withheld at source...... 6b 0
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 17,919
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 15,938
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet15,938 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 the instructions
for the 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
     
    No
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? 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 (2020)
    Form 990-PF (2020)
    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 ofbulletDAVID SOLOMON Telephone no.bullet (781) 431-2577

    Located atbullet10 LAUREL AVENUEWELLESLEYMA ZIP+4bullet02481
    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 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    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 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    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 2020 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 2020.)..................
    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 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    DAVID SOLOMON DIRECTOR
    20.00     		15,000 0 0
    10 LAUREL AVENUE
    WELLESLEY,MA02481
    HERBERT NOLAN EXECUTIVE DIRECTOR
    40.00     		159,738 9,635 0
    10 LAUREL AVENUE
    WELLESLEY,MA02481
    BETTY JANE KRINTZMAN ASST. DIRECTOR
    3.00     		94,101 0 0
    10 LAUREL AVENUE
    WELLESLEY,MA02481
    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
    ALLISON BURSON ASSOCIATE
    35.00     		88,303 9,635 0
    81 SEAVER ST
    WELLESLEY,MA02481
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 NONE. ALL OF THE FOUNDATION'S ACTIVITIES WERE INDIRECT (NOT DIRECT) CHARITABLE ACTIVITIES ACCORDING TO REGULATION SECTION 53.4942(B)-(1)(B)(1). 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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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
    4,889,484
    b
    Average of monthly cash balances.......................
    1b
    3,268,574
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    8,158,058
    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
    8,158,058
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    122,371
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    8,035,687
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    401,784
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    401,784
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    1,981
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    1,981
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    399,803
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    399,803
    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
    399,803
    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
    888,323
    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
    888,323
    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
    888,323
    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 (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 399,803
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 93,458
    b From 2016...... 151,576
    c From 2017...... 300,811
    d From 2018...... 266,497
    e From 2019...... 337,146
    fTotal of lines 3a through e........ 1,149,488
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 888,323
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 399,803
    e Remaining amount distributed out of corpus 488,520
    5 Excess distributions carryover applied to 2020. 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 1,638,008
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		93,458
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		1,544,550
    10 Analysis of line 9:
    a Excess from 2016.... 151,576
    b Excess from 2017.... 300,811
    c Excess from 2018.... 266,497
    d Excess from 2019.... 337,146
    e Excess from 2020.... 488,520
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 2020, 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) 2020 (b) 2019 (c) 2018 (d) 2017
             
    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 (2020)
    Form 990-PF (2020)
    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
    AMERICAN HEART ASSOCIATION
    300 5TH ST
    WALTHAM,MA02451     		  PC FULFILL CHARITABLE PURPOSE 250
    AMERICAN SOCIETY OF LAND ARCHITECTS
    636 EYE ST NW
    WASHINGTON,DC20001     		  PC FULFILL CHARITABLE PURPOSE 475
    BEYOND WALLS INC
    11 MT VERNON ST
    LYNN,MA01901     		  PC FULFILL CHARITABLE PURPOSE 9,900
    BIKE TO THE SEA
    57 HAMERSMITH DR
    SAUGUS,MA01906     		  PC FULFILL CHARITABLE PURPOSE 6,000
    BOSTON CYCLISTS UNION
    PO BOX 301394
    JAMAICA PLAIN,MA02130     		  PC FULFILL CHARITABLE PURPOSE 11,500
    BOSTON HARBOR NOW
    15 STATE ST STE 1100
    BOSTON,MA02109     		  PC FULFILL CHARITABLE PURPOSE 5,000
    BOSTON PARK ADVOCATES
    69 BEACON ST
    BOSTON,MA02108     		  PC FULFILL CHARITABLE PURPOSE 2,500
    BRISTOL COUNTY CHAMBER FOUNDATION
    200 POCASSET ST
    FALL RIVER,MA02721     		  PC FULFILL CHARITABLE PURPOSE 10,000
    CENTRAL SQ BUSINESS IMPROVEMENT DISTRICTS
    620 MASS AVE STE 3
    CAMBRIDGE,MA02139     		  PC FULFILL CHARITABLE PURPOSE 10,000
    CHARLES RIVER CONSERVACY
    4 BRATTLE ST 309
    CAMBRIDGE,MA02138     		  PC FULFILL CHARITABLE PURPOSE 6,000
    CHARLES RIVER WATER SHED ASSOCIATION
    109 PARK RD
    WESTON,MA02493     		  PC FULFILL CHARITABLE PURPOSE 5,000
    CHARLESGATE ALLIANCE
    423 MARLBOROUGH ST 3
    BOSTON,MA02115     		  PC FULFILL CHARITABLE PURPOSE 1,000
    CITY OF MEDFORD
    85 GEORGE P HASSET DR
    MEDFORD,MA02155     		  PC FULFILL CHARITABLE PURPOSE 5,000
    CITY OF NORTHHAMPTON
    210 MAIN ST 2ND FL
    NORTHHAMPTON,MA01060     		  PC FULFILL CHARITABLE PURPOSE 10,000
    CITY OF PITTSFIELD
    DEPOT OF PUBLIC SERVICE
    PITTSFIELD,MA01201     		  PC FULFILL CHARITABLE PURPOSE 16,000
    CITY PARKS ALLIANCE
    1777 CHURCH ST NW
    WASHINGTON,DC20036     		  PC FULFILL CHARITABLE PURPOSE 250
    COALITION FOR A BETTER ACRE
    517 MOODY ST
    LOWELL,MA01854     		  PC FULFILL CHARITABLE PURPOSE 3,000
    COMMON WHEELS
    130 LINCOLN ST
    ALLSTON,MA02134     		  PC FULFILL CHARITABLE PURPOSE 250
    COMMUNITY BOATING
    21 DAVID MUGAR WAY
    BOSTON,MA02114     		  PC FULFILL CHARITABLE PURPOSE 1,000
    COMMUNITY OUTREACH
    PO BOX 380275
    CAMBRIDGE,MA02238     		  PC FULFILL CHARITABLE PURPOSE 1,000
    DOWNTOWN AMHEARST FOUNDATION
    35 PLEASANT ST
    AMHEARST,MA01002     		  PC FULFILL CHARITABLE PURPOSE 10,000
    EAST COAST GREENWAY ALLIANCE
    5826 FAYETTEVILLE RD STE 210
    DURHAM,NC27713     		  PC FULFILL CHARITABLE PURPOSE 4,500
    EMERALD NECKLACE CONSERVANCY
    TWO BROOKLINE PL
    BROOKLINE,MA02445     		  PC FULFILL CHARITABLE PURPOSE 15,250
    ENVIRONMENTAL LEAGUE OF MASSACHUSETTS
    14 BEACON ST STE 201
    BOSTON,MA02018     		  PC FULFILL CHARITABLE PURPOSE 1,000
    FRANKLIN PARK COALITION
    PO BOX 302333
    BOSTON,MA02130     		  PC FULFILL CHARITABLE PURPOSE 500
    FRIENDS OF THE BEACON BRIDLEPATH
    PO BOX 470514
    BROOKLINE,MA02447     		  PC FULFILL CHARITABLE PURPOSE 500
    FIRENDS OF THE PUBLIC GARDEN
    87 MT VERNON ST
    BOSTON,MA02108     		  PC FULFILL CHARITABLE PURPOSE 500
    GREENROOTS
    227 MARGINAL ST STE 1
    CHELSEA,MA02150     		  PC FULFILL CHARITABLE PURPOSE 15,500
    LIVABLE STREETS ALLIANCE
    70 PACIFIC ST
    CAMBRIDGE,MA02139     		  PC FULFILL CHARITABLE PURPOSE 11,000
    MAGAZINE BEACH PARTNERS
    668 MEMORIAL DR
    CAMBRIDGE,MA02139     		  PC FULFILL CHARITABLE PURPOSE 500
    MAPC
    60 TEMPLE PL
    BOSTON,MA02111     		  PC FULFILL CHARITABLE PURPOSE 18,200
    GLOBAL DESIGNING CITIES INITIATIVE
    MASS DEVELOPMENT 99 HIGH ST
    BOSTON,MA02110     		  PC FULFILL CHARITABLE PURPOSE 250
    MASSBIKE
    171 BIKE ST
    BOSTON,MA02109     		  PC FULFILL CHARITABLE PURPOSE 11,250
    MISSION EARTH
    873 CONCORD ST
    FRAMINGHAM,MA01701     		  PC FULFILL CHARITABLE PURPOSE 240
    MORSELIFE FUNDING
    4920 LORING DR
    WEST PALM BEACH,FL33417     		  PC FULFILL CHARITABLE PURPOSE 350
    MYSTIC RIVER WATERSHED ASSOC
    20 ACADEMY ST 306
    ARLINGTON,MA02476     		  PC FULFILL CHARITABLE PURPOSE 41,000
    NATICK CENTER ASSOCIATES
    PO BOX 6284
    NATICK,MA01760     		  PC FULFILL CHARITABLE PURPOSE 5,000
    GLOBAL DESIGNING CITIES INITIATIVE
    120 PARK AVE
    NEW YORK,NY10017     		  PC FULFILL CHARITABLE PURPOSE 100
    NEPONSET RIVER WATERSHED ASSOC
    2173 WASHINGTON ST
    CANTON,MA02021     		  PC FULFILL CHARITABLE PURPOSE 11,000
    NEWTON CONSERVATORS
    PO BOX 590011
    NEWTON,MA02459     		  PC FULFILL CHARITABLE PURPOSE 1,000
    ONE HOLYOKE CDC
    70 LYNN ST
    HOLYOKE,MA01040     		  PC FULFILL CHARITABLE PURPOSE 13,000
    PATHWAY TO THE FUTURE
    10119 JOHN MARSHALL DR
    INDIANAPOLIS,IN46235     		  PC FULFILL CHARITABLE PURPOSE 50
    FRAMINHAM HISTORY CENTER
    3 OAK ST
    FRAMINGHAM,MA01701     		  PC FULFILL CHARITABLE PURPOSE 50
    SOUTHWEST BOSTON CDC
    11 FAIRMONT AVE 101
    HYDE PARK,MA02136     		  PC FULFILL CHARITABLE PURPOSE 350
    RAILS TO TRAILS CONSERVANCY
    2121 WARD CT NW
    WASHINGTON,DC20037     		  PC FULFILL CHARITABLE PURPOSE 1,500
    ROSE KENNEDY GREENWAY
    185 KNEELAND ST
    BOSTON,MA02111     		  PC FULFILL CHARITABLE PURPOSE 4,000
    SOUTHWEST BOSTON COMMUNITY DEVELOPMENT
    11 FAIRMONT AVE 101
    HYDE PARK,MA02136     		  PC FULFILL CHARITABLE PURPOSE 84,500
    SPRINGFIEDL JCC
    1160 DICKINSON ST
    SPRINGFIELD,MA01108     		  PC FULFILL CHARITABLE PURPOSE 100
    ST JUDE HOSPITAL
    501 ST JUDE PL
    MEMPHIS,TN38105     		  PC FULFILL CHARITABLE PURPOSE 5,000
    THE NEW NORWOTTUCK NETWORK
    62 CHESTNUT ST
    NORTHHAMPTON,MA01062     		  PC FULFILL CHARITABLE PURPOSE 500
    THE PRICE CENTER
    21 CHRISTINA ST STE 201
    NEWTON,MA02109     		  PC FULFILL CHARITABLE PURPOSE 10,000
    THE TRUSTEES OF RESERVATIONS
    10 MILK ST 810
    BOSTON,MA02108     		  PC FULFILL CHARITABLE PURPOSE 1,000
    TOWN OF BROOKLINE
    333 WASHINGTON ST
    BROOKLINE,MA02445     		  PC FULFILL CHARITABLE PURPOSE 18,750
    TOWN OF SWAMPSCOTT
    22 MONUMENT AVE
    SWAMPSCOTT,MA01907     		  PC FULFILL CHARITABLE PURPOSE 20,000
    TOWN OF WINCHESTER
    71 MT VERNON ST
    WINCHESTER,MA01890     		  PC FULFILL CHARITABLE PURPOSE 4,000
    TRUST FOR PUBLIC LAND
    10 MILK ST 810
    BOSTON,MA02108     		  PC FULFILL CHARITABLE PURPOSE 1,000
    TRUSTEES OF RESERVATION
    200 HIGH ST 4TH FL
    BOSTON,MA02110     		  PC FULFILL CHARITABLE PURPOSE 125
    TSNE MISSION WORKS
    89 SOUTH ST STE 700
    BOSTON,MA02111     		  PC FULFILL CHARITABLE PURPOSE 1,000
    WALK BOSTON
    45 SCHOOL ST OLD CITY HALL
    BOSTON,MA02108     		  PC FULFILL CHARITABLE PURPOSE 34,000
    WALTHAM LAND TRUST
    PO BOX 541120
    WALTHAM,MA02454     		  PC FULFILL CHARITABLE PURPOSE 500
    WESTON FOREST AND TRAILS
    PO BOX 665
    WESTON,MA02493     		  PC FULFILL CHARITABLE PURPOSE 500
    Total .................................bullet 3a 451,690
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 ...........     		         
    4 Dividends and interest from securities....     14 180,864 436
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    14 2,306  
    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).. 0 183,170 436
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    183,606
    (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.)
    3 N/A
    8 N/A
    Form 990-PF (2020)
    Form 990-PF (2020)
    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 instructions.
    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 (2020)
    Additional Data


    Software ID:  
    Software Version:  


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

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
    INC
    Employer identification number

    20-2631943
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
    INC         		Employer identification number
    20-2631943
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    BARR FOUNDATION
     
    2 ATLANTIC AVE
     
    BOSTON, MA02110

    		$ 425,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    BARR FOUNDATION
     
    2 ATLANTIC AVE
     
    BOSTON, MA02110

    		$ 79,500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    BARR FOUNDATION
     
    2 ATLANTIC AVE
     
    BOSTON, MA02110

    		$ 470,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    COMMONWEALTH OF MASSACHUSETTS (MATCHING GRANT)
     
    251 CAUSEWAY ST
     
    BOSTON, MA02114

    		$ 37,808


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
    INC         		Employer identification number

    20-2631943
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
    INC         		Employer identification number

    20-2631943
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
     
    INC
    EIN:
    20-2631943
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL SERVICE 1,602 0   0
    ACCOUNTING 28,214 0   0

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

    TY 2020 DepreciationSchedule
    Name:
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
     
    INC
    EIN:
    20-2631943
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    OFFICE EQUIPMENT 2006-07-01 4,819 4,819 200DB 7.000000000000 0 0    
    COMPUTER 2009-12-22 1,069 534 200DB 5.000000000000 0 0    
    COMPUTER 2010-03-30 2,344 2,344 200DB 5.000000000000 0 0    
    APPLE WEB STORE 2010-05-25 881 881 200DB 5.000000000000 0 0    
    DELL 2010-05-25 806 806 200DB 5.000000000000 0 0    
    ZEFF PHOTO SUPPLY-CAMARA 2010-08-03 1,440 1,440 200DB 5.000000000000 0 0    
    ZEFF PHOTO SUPPLY-CAMARA 2010-08-03 398 398 200DB 5.000000000000 0 0    
    BEST BUY - NETBOOK 2010-08-03 227 227 200DB 5.000000000000 0 0    
    APPLE WEB STORE 2010-08-24 874 874 200DB 5.000000000000 0 0    
    COMPUTER 2013-04-01 4,147 2,073 200DB 5.000000000000 0 0    
    CAMERA HUNT'S PHOTO 2013-06-24 1,110 555 200DB 5.000000000000 0 0    
    APPLE STORE 2013-06-24 1,030 515 200DB 5.000000000000 0 0    
    STAPLES 2014-10-27 1,230 1,230 200DB 5.000000000000 0 0    
    OFFICE EQUIPMENT 2015-02-05 2,000 777 200DB 7.000000000000 89 0    
    OFFICE EQUIPMENT 2016-06-23 1,236 511 200DB 5.000000000000 71 0    
    APPLE STORE 2016-08-04 1,054 436 200DB 5.000000000000 61 0    
    APPLE STORE 2016-09-26 2,239 926 200DB 5.000000000000 129 0    
    PERRY'S (PRINTER) 2018-04-24 853   200DB 5.000000000000 0 0    
    APPLE STORE 2018-04-24 1,251   200DB 5.000000000000 0 0    
    DELL 2018-12-21 1,658   200DB 5.000000000000 0 0    
    COMPUTER 2019-03-04 4,035   200DB 5.000000000000 0 0    
    CAMERA HUNT'S PHOTO 2020-04-01 1,355   200DB 5.000000000000 271 0    
    COMPUTER - ALLISON 2020-09-22 1,964   200DB 5.000000000000 393 0    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
     
    INC
    EIN:
    20-2631943
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BROADSTONE 750,000 793,773
    EQUITIES-SCHWAB 5,485,960 0

    TY 2020 LandEtcSchedule2
    Name:
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
     
    INC
    EIN:
    20-2631943
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    OFFICE EQUIPMENT 4,819 4,819 0  
    COMPUTER 1,069 1,069 0  
    COMPUTER 2,344 2,344 0  
    APPLE WEB STORE 881 881 0  
    DELL 806 806 0  
    ZEFF PHOTO SUPPLY-CAMARA 1,440 1,440 0  
    ZEFF PHOTO SUPPLY-CAMARA 398 398 0  
    BEST BUY - NETBOOK 227 227 0  
    APPLE WEB STORE 874 874 0  
    COMPUTER 4,147 4,147 0  
    CAMERA HUNT'S PHOTO 1,110 1,110 0  
    APPLE STORE 1,030 1,030 0  
    STAPLES 1,230 1,230 0  
    OFFICE EQUIPMENT 2,000 1,866 134  
    OFFICE EQUIPMENT 1,236 1,200 36  
    APPLE STORE 1,054 1,024 30  
    APPLE STORE 2,239 2,175 64  
    PERRY'S (PRINTER) 853 853 0  
    APPLE STORE 1,251 1,251 0  
    DELL 1,658 1,658 0  
    COMPUTER 4,035 4,035 0  
    CAMERA HUNT'S PHOTO 1,355 271 1,084  
    COMPUTER - ALLISON 1,964 393 1,571  


    TY 2020 LegalFeesSchedule
    Name:
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
     
    INC
    EIN:
    20-2631943
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 190,585 0   0


    TY 2020 OtherAssetsSchedule
    Name:
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
     
    INC
    EIN:
    20-2631943
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 7,800 7,800 7,800


    TY 2020 OtherDecreasesSchedule
    Name:
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
     
    INC
    EIN:
    20-2631943
    Description Amount
    CAPITAL LOSS NOT REPORTED ON TAX RETURN 939,807


    TY 2020 OtherExpensesSchedule
    Name:
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
     
    INC
    EIN:
    20-2631943
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 158 0   0
    COMPUTER 10,779 0   0
    CONSULTING 9,170 0   9,170
    DUES AND SUBSCRIPTIONS 1,803 0   0
    EDUCATION 95 0   0
    FEES 105 0   0
    GRANT RELATED EXPENSES 141,548 0   141,548
    INSURANCE 12,089 0   0
    INVESTMENT EXPENSES 21,372 21,372   0
    MEALS & ENTERTAINMENT 726 0   0
    MEDICAL EXPENSES 7,349 0   0
    MEMBERSHIP 750 0   0
    OFFICE EXPENSE 220 0   0
    POSTAGE 1,286 0   0
    REPAIRS 1,290 0   0
    SUPPLIES 2,933 0   0
    TELEPHONE 2,307 0   0
    TRAVEL 649 0   0
    WEBSITE 1,280 0   0


    TY 2020 OtherLiabilitiesSchedule
    Name:
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
     
    INC
    EIN:
    20-2631943
    Description Beginning of Year - Book Value End of Year - Book Value
    ACCRUED 401K 6,830 0


    TY 2020 TaxesSchedule
    Name:
    LAWRENCE & LILLIAN SOLOMON FOUNDATION
     
    INC
    EIN:
    20-2631943
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PAYROLL TAXES 21,287 0   18,604
    FOREIGN TAXES 634 634   0
    FEDERAL TAXES 7,128 0   0