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
William E Schrafft and Bertha E Schrafft Charitable Trust
 
Number and street (or P.O. box number if mail is not delivered to street address)2 Liberty Square 5th Floor
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02109
A Employer identification number

04-6065605
B Telephone number (see instructions)

(617) 338-4624
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$44,892,071J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 1,784 1,784  
4 Dividends and interest from securities... 922,592 922,592  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 635,856
b Gross sales price for all assets on line 6a 6,351,366
7 Capital gain net income (from Part IV, line 2)... 635,856
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........ 1,560,232 1,560,232  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 107,000 23,800   44,950
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 10,500      
c Other professional fees (attach schedule).... Click to see attachment 290,917 265,137   25,780
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 37,112 3,420    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 18,000      
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,929 252    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 465,458 292,609   70,730
25 Contributions, gifts, grants paid....... 1,855,000 1,855,000
26 Total expenses and disbursements. Add lines 24 and 25 2,320,458 292,609   1,925,730
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -760,226
b Net investment income (if negative, enter -0-) 1,267,623
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.............      
2 Savings and temporary cash investments......... 867,140 782,483 782,483
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)....... 28,538,470 Click to see attachment31,646,736 31,646,736
c Investments—corporate bonds (attach schedule)....... 9,801,505 Click to see attachment9,691,402 9,691,402
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 3,078,412 Click to see attachment2,771,450 2,771,450
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,285,527 44,892,071 44,892,071
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 attachment141,088 Click to see attachment187,886
23 Total liabilities (add lines 17 through 22)......... 141,088 187,886
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........... 42,144,439 44,704,185
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)..... 42,144,439 44,704,185
30 Total liabilities and net assets/fund balances (see instructions). 42,285,527 44,892,071
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
42,144,439
2
Enter amount from Part I, line 27a .....................
2
-760,226
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
3,366,770
4
Add lines 1, 2, and 3 ..........................
4
44,750,983
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
46,798
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
44,704,185
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 Publicly Traded Securities      
b From K-1s      
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 6,008,383   5,715,510 292,873
b 341,540     341,540
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       292,873
b       341,540
c
d
e
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 2 635,856
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 3 217
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 17,620
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  
3 Add lines 1 and 2........................... 3 17,620
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 17,620
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 63,109
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.............. Part VI Line 7 - Tax Paid with the Original Return: 63109 7 63,109
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.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 45,489
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet45,489 RefundedBullet 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 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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 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 addressbulletschrafftcharitable.org
    14
    The books are in care ofbulletShabshelowitz & Co CPA's Telephone no.bullet (508) 672-2182

    Located atbullet263 Walnut StFall RiverMA ZIP+4bullet02720
    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
    Arthur Parker Trustee
    008.00     		17,000    
    2 Liberty Square 5th Floor
    Boston,MA02109
    Lavinia B Chase Trustee
    004.00     		15,000    
    2 Liberty Square 5th Floor
    Boston,MA02109
    Kristen J McCormack Trustee
    004.00     		15,000    
    2 Liberty Square 5th Floor
    Boston,MA02109
    Karen Faulkner Executive Director
    030.00     		45,000    
    2 Liberty Square 5th Floor
    Boston,MA02109
    Joseph Corrado Trustee
    006.00     		15,000    
    2 Liberty Square 5th Floor
    Boston,MA02109
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    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
    Middleton Co Investments Advisors 101,319
    600 Atlantic Avenue
    Boston,MA02210
    Merrill Lynch Investment Advisors 89,647
    75 Rockefeller Plaza
    New York,NY10019
    Total number of others receiving over $50,000 for professional services.............bullet  
    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.........................bullet  
    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
    39,824,577
    b
    Average of monthly cash balances.......................
    1b
    1,519,467
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    41,344,044
    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
    41,344,044
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    620,161
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    40,723,883
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,036,194
    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
    2,036,194
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    17,620
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    17,620
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,018,574
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    2,018,574
    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
    2,018,574
    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 Click to see attachment..........
    1a
    1,925,730
    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
    1,925,730
    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
    1,925,730
    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 2,018,574
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 71,025
    c From 2017...... 68,818
    d From 2018...... 74,756
    e From 2019......  
    fTotal of lines 3a through e........ 214,599
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,925,730
    a Applied to 2019, 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 2020 distributable amount..... 1,925,730
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020. 92,844 92,844
    (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 5 121,755
    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 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    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) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		121,755
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017.... 46,999
    c Excess from 2018.... 74,756
    d Excess from 2019....  
    e Excess from 2020....  
    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).)
    None
    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.
    None
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Karen Faulkner
    2 Liberty Square 5th Floor
    Boston,MA02109
    (617) 338-4624
    bThe form in which applications should be submitted and information and materials they should include:
    Please see www.schrafftcharitable.org
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Generally must be a Massachusetts tax exempt organization in existance for at least three years
    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
    826 Boston
    3035 Washington St
    Roxbury,MA02119     		  PC After School Writing Tutoring Program 10,000
    Appalachian Mountain Club
    Five Joy St
    Boston,MA021081490     		  PC Youth Opportunities Program 15,000
    Artists for Humanity
    100 West Second St
    Boston,MA02127     		  PC Youth Arts Enterprise 20,000
    Berklee College of Music
    1140 Boylston St MS-1140IA
    Boston,MA022153693     		  PC City Music Summer Scholarship 20,000
    Big Brothers Big Sisters of Massachusetts Bay
    75 Federal St 5th Fl
    Boston,MA02115     		  PC One-to-One Mentoring 25,000
    Boston Arts Academy Foundation
    174 Ipswitch St
    Boston,MA02115     		  PC Operating 25,000
    Big Sister Association of Greater Boston
    161 Massachusetts Ave
    Boston,MA02115     		  PC One-to-One Mentoring Enrichment Program 25,000
    Boston Children's Museum
    308 Congress St
    Boston,MA02038     		  PC Remote Museum Experiences 25,000
    Birthday Wishes
    24 Superior Dr Ste B1
    Natick,MA01760     		  PC Operating 5,000
    Boston Children's Chorus
    112 Shawmut Ave Ste 5B
    Boston,MA02118     		  PC Integrated Music Social Education Programs 15,000
    Boston Chinatown Neighborhood Center Inc
    885 Washington St
    Boston,MA02111     		  PC Youth Center 15,000
    Boston Music Project
    885 Washington St
    Boston,MA02111     		  PC Operating 5,000
    Boston Scores
    29 Germania St
    Jamaica Plain,MA02130     		  PC Leadership in Action Program 10,000
    Community Economic Development Center
    1285 Acushnet Ave
    New Bedford,MA02740     		  PC COVID 19 Operating 35,000
    Damien's Place
    Development Office PO Box 11
    Fairhaven,MA02719     		  PC Operating 5,000
    Boston Debate League
    1542 Tremont St
    Boston,MA02120     		  PC After School Debate Program 20,000
    Boston Symphony Orchestra
    301 Massachusetts Ave
    Boston,MA02115     		  PC Operating 5,000
    Boys & Girls Clubs of Boston
    50 Congress St Ste 370
    Boston,MA02109     		  PC Operating 30,000
    Boys & Girls Clubs of Dorchester
    1135 Dorchester St
    Dorchester,MA02135     		  PC Operating 25,000
    Breakthrough Greater Boston
    PO Box 381486
    Cambridge,MA02238     		  PC Operating 35,000
    Bridge Over Troubled Waters
    47 West St
    Boston,MA02111     		  PC COVID 19 Education Career Development Program 25,000
    Cantata Singers
    161 First St Ste 203
    Cambridge,MA02142     		  PC Classroom Cantatas 10,000
    Catholic Charitable Bureau of the Archdiocese of Boston Inc
    275 West Broadway
    Boston,MA02127     		  PC Operating 25,000
    Catholic Schools Foundation Inc
    67 Batterymarch St 6th Fl
    Boston,MA02110     		  PC Inner-City Scholarship Fund 30,000
    Citizens Schools
    308 Congress St 5th Fl
    Boston,MA02110     		  PC Programming in Boston 20,000
    City Sprouts
    25 River St
    Cambridge,MA02139     		  PC Youth Leaders Program 20,000
    Coastal Foodshed
    466 Brock Ave
    New Bedford,MA02744     		  PC Operating 5,000
    Codman Academy Charter Public School
    637 Washington St
    Dorchester,MA02124     		  PC Theatre Art Education 25,000
    Community Art Center Inc
    19 Windsor St
    Cambridge,MA02139     		  PC Teen Program 20,000
    Community Boat Building
    89 South St Ste 700
    Boston,MA02111     		  PC Operating 15,000
    Community Boating Center of New Bedford
    1641 Padanarum Ave
    New Bedford,MA02740     		  PC Sailing Into Knowledge 30,000
    Community Music Center of Boston
    34 Warren Ave
    Boston,MA02126     		  PC Satellite Program 15,000
    Discovery Museum
    177 Main St
    Acton,MA01720     		  PC Operating 5,000
    Doc Wayne Youth Services Inc
    418 Commonwealth Ave
    Boston,MA02215     		  PC Operating 30,000
    Dream Out Loud Center
    One Johnny Cake Hill
    New Bedford,MA02740     		  PC Operating 20,000
    Duet Inc
    50 Milk St Fl 6
    Boston,MA02109     		  PC Operating 15,000
    Ellis Memorial
    58 Berkeley St
    Boston,MA021166215     		  PC School Age Program 15,000
    Epiphany School
    154 Centre St
    Dorchester,MA02120     		  PC Operating 20,000
    EV Kids Inc
    218 Adams St 220502
    Dorchester,MA02124     		  PC Tutoring At Risk Boston Youth 15,000
    First Connections
    179 Great Rd Ste 104A
    Acton,MA01720     		  PC Operating 5,000
    Future Chefs
    681 Main St Ste 2-4
    Waltham,MA02451     		  PC FY20 School to Career Program 15,000
    Generations Inc
    25 Kingston St 4th Fl
    Boston,MA02110     		  PC Classroom Literacy in Boston 10,000
    Girl Scouts of Eastern Massachusetts
    95 Berkeley St Ste 404
    Boston,MA02116     		  PC Community Engagement 10,000
    Hale Reservation
    80 Carby St
    Westwood,MA02090     		  PC Operating 15,000
    Hyde Square Task Force Inc
    30 Sunnyside St
    Boston,MA02130     		  PC Jovenes en Accion Arts Enrichment 15,000
    Inquilinos Boricuas en Accion
    405 Shawmut Ave
    Boston,MA02118     		  PC Youth Development Program 20,000
    Lasell University
    1844 Commonwealth Ave
    Newton,MA02146     		  PC Scholarships 25,000
    Manomet Center for Conservation Sciences
    PO Box 1770
    Manomet,MA02135     		  PC Operating 15,000
    Mattapoisett Land Trust Inc
    PO Box 31
    Mattapoisett,MA02739     		  PC Operating 10,000
    Mil Milagros co Goulston
    400 Atlantic Ave
    Boston,MA02110     		  PC Operating 2,500
    More Than Words
    242 E Berkeley St
    Boston,MA02118     		  PC Education Impact Initiatives 10,000
    Mother Caroline Academy
    515 Blue Hilll Ave
    Dorchester,MA02121     		  PC Operating 5,000
    Museum of Fine Arts Boston
    465 Huntington Ave
    Boston,MA02115     		  PC Operating 5,000
    Mystic River Watershed Association
    20 Academy St Ste 306
    Arlington,MA024766401     		  PC Operating 25,000
    Neighborhood House Charter School
    21 Queen St
    Dorchester,MA02122     		  PC Creative Arts Program 40,000
    New England Aquarium
    Central Wharf
    Boston,MA021103399     		  PC Education Engagement Support 35,000
    NE Organic Farming AssocMassachusetts
    411 Sheldon Rd
    Barre,MA01005     		  PC Operating 5,000
    Old Sturbridge Village
    One Old Sturbridge Village Rd
    Sturbridge,MA01566     		  PC Digital Museum Civics Resources for Grades 5-8 30,000
    Philanthropy Massachusetts Inc
    133 Federal St No 802
    Boston,MA02110     		  PC The Summer Fund 80,000
    Plimoth Plantation Inc
    PO Box 1620
    Plymouth,MA02362     		  PC Operating 5,000
    Prospect Hill Academy Charter School
    50 Essex St
    Cambridge,MA02139     		  PC College Counseling Success Program 25,000
    Regis College
    235 Wellesley St
    Weston,MA02493     		  PC Scholarships 25,000
    Save the HarborSave the Bay
    212 Northern Ave Ste 304W
    Boston,MA02110     		  PC Youth Environmental Education Programs 5,000
    Science Club for Girls
    136 Magazine St
    Cambridge,MA02139     		  PC Cambridge Boston Programming 20,000
    Shooting Touch
    61 Endicott St Bldg 23 4th Fl
    Norwood,MA02026     		  PC Shooting Touch Boston 15,000
    Social Innovation Forum
    One Congress St Ste 113
    Boston,MA02114     		  PC Capacity Camp 75,000
    Sociedad Latina Inc
    1530 Tremont St
    Boston,MA02120     		  PC Arts Initiative 20,000
    St Paul's Choir School
    29 Mount Auburn St
    Cambridge,MA02138     		  PC Schrafft Scholars Program 25,000
    Strong Women Strong Girls
    555 Armory St No 3R
    Boston,MA02130     		  PC Operating 10,000
    The 3 Point Foundation
    57 Beresford Rd
    Chestnut Hill,MA02467     		  PC Operating 7,500
    The Food Project
    10 Lewis St
    Lincoln,MA01773     		  PC Sprouts Crew 30,000
    The Institute of Contemporary ArtBoston
    25 Harbor Shore Dr
    Boston,MA02110     		  PC Teen Programs 32,500
    The Steppingstone Foundation
    155 Federal St Ste 800
    Boston,MA02110     		  PC College Success Academy 15,000
    Thompson Island Outward Bound Education Center
    PO Box 127
    Boston,MA02127     		  PC Connections Program 10,000
    Trinity Boston Connects
    200 Clarendon St
    Boston,MA02127     		  PC Education for Excellence Program 25,000
    Wentworth Institute of Technology
    550 Huntington Ave
    Boston,MA021155998     		  PC Scholarships 25,000
    West End House Inc Boys & Girls Club
    105 Allston St
    Allston,MA02134     		  PC Academic College Success Program 30,000
    Westport Land Conservation Trust
    PO Box 3975
    Westport,MA02790     		  PC Operating 15,000
    Westport River Watershed Alliance
    PO Box 3427
    Westport,MA02790     		  PC Operating 10,000
    Write Boston
    2300 Washington St
    Roxbury,MA02119     		  PC Operating 20,000
    Zumix
    260 Summer St
    East Boston,MA02128     		  PC Hands-on Programming 25,000
    Gallery X
    Development Office 109 William St
    New Bedford,MA02740     		  PC Operating 5,000
    Greater Boston Food Bank
    Donor Services 70 South Bay Ave
    Boston,MA02118     		  PC COVID 19 50,000
    Immigrants' Assistance Center
    58 Crapo St
    New Bedford,MA02740     		  PC COVID 19 15,000
    North Bennett Street School
    39 North Bennet St
    Boston,MA02113     		  PC Workforce Development Initiative 10,000
    Our Sister's School
    145 Brownell Ave
    New Bedford,MA02740     		  PC Operating 5,000
    People Acting in Community Endeavors
    166 William St
    New Bedford,MA02740     		  PC COVID 19 20,000
    Planned Parent League of Massachusetts
    1055 Commonwealth Ave
    Boston,MA02215     		  PC Sex Education Related Support for You and Family 25,000
    Playworks Education EnergizedNew Bedford
    67 Kemble St Ste 36
    Boston,MA02119     		  PC New Bedford Expansion 20,000
    Southcoast Emergency Response Fund
    128 Union St Ste 403
    New Bedford,MA02740     		  PC COVID 19 50,000
    Southeastern Mass Agricultural Partnership
    PO Box 80625
    So Dartmouth,MA02748     		  PC Operating 2,500
    Trustees of Reservations
    200 High St4th Fl
    Boston,MA02110     		  PC Operating 10,000
    Uaspire Inc
    31 St James Ave Ste 520
    Boston,MA02116     		  PC College Affordability Advising Program 20,000
    Waterfront Historic Area League
    15 Johnny Cake Hill
    New Bedford,MA02740     		  PC Operating 15,000
    Young Man With a Plan
    885 River St
    Hyde Park,MA02136     		  PC Operating 15,000
    Buzzards Bay Coalition
    114 Front St
    New Bedford,MA02740     		  PC Operating 5,000
    MassBay Foundation
    50 Oakland Street
    Wellesley Hill,MA02481     		  PC Operating 10,000
    Total .................................bullet 3a 1,855,000
    bApproved for future payment
    Total .................................bullet 3b  
    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 ...........     		    14 1,784  
    4 Dividends and interest from securities....     14 922,592  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 635,856  
    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)..   1,560,232  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,560,232
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (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: 20011406
    Software Version: 20.0.2.0
    Part VI Line 7 - Tax Paid with the Original Return: 63,109


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    William E Schrafft and Bertha E Schrafft Charitable Trust
    EIN:
    04-6065605
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Legal Fees 10,500      

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    William E Schrafft and Bertha E Schrafft Charitable Trust
    EIN:
    04-6065605
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of Bond End of Year Book Value End of Year Fair Market Value
    250M Viacom 6.88 2036-04-30 361,607 361,607
    150M Wells Fargo 3.00 2021-01-22 150,195 150,195
    150M EOG Res 4.10 2021-02-01 150,384 150,384
    150M CVS Health Corp 3.35 2021-03-09 150,822 150,822
    250M Gilead Sciences 4.50 2021-04-01 250,000 250,000
    150M General Mills 3.20 2021-04-16 151,150 151,150
    250M General Dynamics 3.00 2021-05-11 252,407 252,407
    250M United Health Group 3.15 2021-06-15 253,138 253,138
    150M Zoetis Inc 3.25 2021-08-20 152,766 152,766
    150M Duke Energy Corp 3.55 2021-09-15 152,136 152,136
    150M Abbvie 3.38 2021-11-14 154,032 154,032
    150M Home Depot Inc 3.25 2022-03-01 155,142 155,142
    150M Amgen 3.63 2022-05-15 155,412 155,412
    150M US Bancorp 2.95 2022-07-15 155,874 155,874
    150M Celgene Corp 3.25 2022-08-15 155,601 155,601
    10M ATT Pfd 5.35 276,200 276,200
    10M Bank Amer Corp Pfd Ser HH 5.88 275,500 275,500
    4M First Rep Bk San Francisco 5.50 110,720 110,720
    10M Metlife Pfd Ser E 5.63 282,700 282,700
    10M Wells Fargo Co New Ser X 5.50 262,400 262,400
    150M Toyota 3.18 2021-07-20 152,366 152,366
    25,925 Ishares Core US Aggregate Bd EF 2,623,818 2,623,818
    150M Laboratory Corp Amer Hldgs 3.20 2022-02-01 154,464 154,464
    150M Wells Fargo Co New 3.45 2023-02-13 158,963 158,963
    150M CVS Caremark Corp. 3.38 2024-08-12 163,593 163,593
    150M American Tower Corp New 2.95 2025-01-15 162,534 162,534
    10M Nextera Energy Cap Hldgs Inc 5.65 284,100 284,100
    6M Duke Energy Corp New Ser A 5.75 171,060 171,060
    10M JP Morgan Chase Co Ser EE 6.00 284,800 284,800
    10M Renaissancere Hldgs Pfd 5.75 284,200 284,200
    2,800 Vanguard Short Term Corporate Bond 333,000 333,000
    Vanguard Short Term Govt 492,800 492,800
    200M Roper Tech 3.65 2023-09-15 217,008 217,008
    Valero Energy Variable 2023-09-15 200,510 200,510

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    William E Schrafft and Bertha E Schrafft Charitable Trust
    EIN:
    04-6065605
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    400 shares of Alphabet Inc Cl A 701,056 701,056
    7682 shares of Altria Group 314,962 314,962
    387 shares of Amazon.com 1,260,432 1,260,432
    15351 shares of Apple 2,036,924 2,036,924
    4334 shares of Berkshire Hathaway B 1,004,924 1,004,924
    844 shares of Blackrock 608,980 608,980
    6349 shares of Chevron 536,173 536,173
    3021 shares of Cinn Financial Corp Ohio 263,945 263,945
    8758 shares of Cisco Systems 391,920 391,920
    4033 shares of Coca Cola 221,170 221,170
    1400 shares of Danaher Corp 310,996 310,996
    2832 shares of Diageco Plc New SPSD 449,750 449,750
    5156 shares of Dominion Energy Inc 387,731 387,731
    1630 shares of Ecolab 352,667 352,667
    4960 shares of Eog Res Inc 247,355 247,355
    1960 shares of Facebook Cl A 535,394 535,394
    3240 shares of Fortive Corp 229,457 229,457
    7452 shares of Intel 371,259 371,259
    3560 shares of Lowes Companies Inc 571,415 571,415
    10765 shares of Merck 880,577 880,577
    3752 shares of Microsoft Corp 834,520 834,520
    2241 shares of Norfolk Southern Corp 532,484 532,484
    3897 shares of Paychex 363,122 363,122
    10406 shares of Pfizer 383,045 383,045
    1550 shares of Salesforce Com 344,922 344,922
    1830 shares of Steris Plc United Kingdom 346,858 346,858
    1500 shares of Verisk Analytics Inc CL A 311,385 311,385
    16709 shares of Verizon Communications 981,654 981,654
    2775 shares of Visa Inc Cl A 606,976 606,976
    5060 shares of Abbvie Inc. 542,179 542,179
    1030 shares of Adobie Systems Inc. 515,123 515,123
    1800 shares of American Tower Corp 404,028 404,028
    750 shares of Costco Whls Corp 282,585 282,585
    2757 shares of Crown Castle REIT 438,887 438,887
    200 shares of Equinix Inc New 142,836 142,836
    1400 shares of Estee Lauder Companies 372,666 372,666
    5670 shares of Mondelez Intl Inc 331,525 331,525
    855 shares of OReilly Automotive 386,947 386,947
    3486 shares of Philip Morris Intl 288,606 288,606
    2656 shares of Target Corp 468,864 468,864
    1490 shares of United Health Group Inc 522,513 522,513
    5400 shares of Nextera Energy 416,610 416,610
    3800 shares of Qualcomm Inc. 578,892 578,892
    4340 shares of Starbucks Corp 464,293 464,293
    1740 shares of Broadbridge Finl Solutions Inc 266,568 266,568
    2000 shares of Renaissancre Holdings 331,640 331,640
    7649 shares of Fastenal Company 373,501 373,501
    6395 shares of Franklin Resources Inc 159,811 159,811
    3742 shares of Johnson and Johnson 588,916 588,916
    2920 shares of Nestle SA Sponsored ADR 343,976 343,976
    3955 shares of Texas Instruments 649,134 649,134
    3067 shares of United Parcel Service CL B 516,483 516,483
    2500 shares of Fidelity Natl Info Svcs 353,650 353,650
    2400 shares of First Rep Bk San Fran 352,632 352,632
    1980 shares of Iqvia Holdings Inc 354,756 354,756
    3440 shares of JP Morgan Chase 437,121 437,121
    4390 shares of Lamb Weston Hldgs Inc 345,669 345,669
    2000 shares of Paypal Holdings Inc 468,400 468,400
    1600 shares of Pepsico 237,280 237,280
    1500 shares of Watsco Inc 339,825 339,825
    1559 shares of Air Prod Chemical Inc. 425,950 425,950
    7651 shares of Comcast Corp Special Cl A 400,912 400,912
    2500 shares of Fiserv Inc 284,650 284,650
    750 shares of MSCI Inc Cl A 334,898 334,898
    5353 shares of Nintendo Ltd ADR 431,023 431,023
    2800 shares of Otis Worldwide 189,140 189,140
    1200 shares of Public Storage Inc 277,116 277,116
    800 shares of Stryker Corp 196,032 196,032
    1500 shares of Waste Connections Inc 153,855 153,855
    2900 shares of Xylem Inc 295,191 295,191

    TY 2020 InvestmentsOtherSchedule2
    Name:
    William E Schrafft and Bertha E Schrafft Charitable Trust
    EIN:
    04-6065605
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Bio Ventures Investors IV FMV 506,246 506,246
    Harmony Partners Fund I FMV 856,466 856,466
    Harmony Partners Fund II FMV 584,113 584,113
    Harmony Partners Fund III FMV 824,625 824,625

    TY 2020 OtherDecreasesSchedule
    Name:
    William E Schrafft and Bertha E Schrafft Charitable Trust
    EIN:
    04-6065605
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Amount
    Increase in Deferred Taxes 46,798


    TY 2020 OtherExpensesSchedule
    Name:
    William E Schrafft and Bertha E Schrafft Charitable Trust
    EIN:
    04-6065605
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Office and Misc 1,109      
    Other Expense from K-1 820 252    


    TY 2020 OtherIncreasesSchedule
    Name:
    William E Schrafft and Bertha E Schrafft Charitable Trust
    EIN:
    04-6065605
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Amount
    Revaluation of Securities to Market Value 3,366,770


    TY 2020 OtherLiabilitiesSchedule
    Name:
    William E Schrafft and Bertha E Schrafft Charitable Trust
    EIN:
    04-6065605
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Description Beginning of Year - Book Value End of Year - Book Value
    Deferred Federal Excise Taxes 141,088 187,886


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    William E Schrafft and Bertha E Schrafft Charitable Trust
    EIN:
    04-6065605
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Fees 265,137 265,137    
    Grantmaking Services 25,780     25,780


    TY 2020 TaxesSchedule
    Name:
    William E Schrafft and Bertha E Schrafft Charitable Trust
    EIN:
    04-6065605
    Software ID:
    20011406
    Software Version:
    20.0.2.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MA Filing Fee and Excise 250      
    Payroll Taxes 3,442      
    Foreign Taxes Paid 3,420 3,420    
    Federal Excise Tax 30,000