TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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
PATHFINDER FUND

Number and street (or P.O. box number if mail is not delivered to street address)179 HARVEY STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
CAMBRIDGE, MA02140

A Employer identification number

34-6536633

B Telephone number (see instructions)

(617) 905-5119

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$0J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	6,349		6,349	6,349
4	Dividends and interest from securities...	8,201		8,201	8,201
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		146,022
b	Gross sales price for all assets on line 6a 429,376
7	Capital gain net income (from Part IV, line 2)...			40
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........	160,572		14,590	14,550
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		1,350
c	Other professional fees (attach schedule)....		5,790	5,790
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		295	295
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	7,435		6,085		0
25	Contributions, gifts, grants paid.......	208,500				208,500
26	Total expenses and disbursements. Add lines 24 and 25	215,935		6,085		208,500
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-55,363
b	Net investment income (if negative, enter -0-)			8,505
c	Adjusted net income (if negative, enter -0-)...				14,550

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	34,484	69,050
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	48,968	59,406
	b	Investments—corporate stock (attach schedule).......	425,797	394,506
	c	Investments—corporate bonds (attach schedule).......	177,359	147,872
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	56,852	17,263
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	743,460	688,097	0
	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 )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	743,460	688,097
	29	Total net assets or fund balances (see instructions).....	743,460	688,097
	30	Total liabilities and net assets/fund balances (see instructions).	743,460	688,097

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

743,460

Enter amount from Part I, line 27a .....................

-55,363

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

688,097

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

688,097

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.)
1a
b
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
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(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
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	40
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	118
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	118
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	118
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	203
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	203
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	85
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax85	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

PAT GOUDVIS Telephone no. bullet

(617) 868-1999

Located at bullet

179 HARVEY STCAMBRIDGEMA ZIP+4 bullet

02140

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
PAT GOUDVIS	TRUSTEE 000.00	0	0	0
179 HARVEY ST CAMBRIDGE,MA02138	TRUSTEE 000.00	0	0	0
ANN GOUDVIS	TRUSTEE 000.00	0	0	0
210 LIPAN WAY BOULDER,CO80303	TRUSTEE 000.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

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............. 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


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)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

927,296

Average of monthly cash balances.......................

54,483

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

981,779

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

981,779

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

14,727

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

967,052

Minimum investment return. Enter 5% of line 5..................

48,353

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.)

Minimum investment return from Part X, line 6....................

48,353

Tax on investment income for 2020 from Part VI, line 5......

118

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

118

Distributable amount before adjustments. Subtract line 2c from line 1............

48,235

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

48,235

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

48,235

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

208,500

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

208,500

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

208,500

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)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7			48,235
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......	78,500
b From 2016......	32,007
c From 2017......	65,364
d From 2018......	51,447
e From 2019......	65,822
fTotal of lines 3a through e........		293,140
4Qualifying distributions for 2020 from Part
XII, line 4: $ 208,500
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.....			48,235
e Remaining amount distributed out of corpus		160,265
5 Excess distributions carryover applied to 2020.
(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		453,405
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) ...		78,500
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		374,905
10 Analysis of line 9:
a Excess from 2016....	32,007
b Excess from 2017....	65,364
c Excess from 2018....	51,447
d Excess from 2019....	65,822
e Excess from 2020....	160,265

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 section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ARS NOVA SINGERS INC PO BOX 4151 BOULDER,CO80306		PUBLIC	GENERAL	1,000
BOOK LOVE FOUNDATION PO BOX 2575 N CONWAY,NH03860		PUBLIC	GENERAL	2,000
CARLETON COLLEGE NORTH COLLEGE ST NORTHFIELD,MN55057		PUBLIC	GENERAL	10,000
COLUMBINE ELEMENTARY SCHOOL 3130 REPPLIER DR BOULDER,CO80304		PUBLIC	GENERAL	10,000
COMMUNIITY ACTION WORKD 294 WASHINGTON ST BOSTON,MA02108		PUBLIC	GENERAL	5,000
EARTH ISLAND INSTITUTE 2150 ALLSTON WAY BERKELEY,CA94704		PUBLIC	THE BORNEO PROJECT	2,000
ECOLOGIC DEVELOPMENT FUND PO BOX 381571 CAMBRIDGE,MA02138		PUBLIC	GENERAL	5,000
EKVN-YEFOLECV PO BOX 148 WEOGUFKA,AL35183		PUBLIC	GENERAL	2,500
FOOD FOR THOUGHT DENVER PO BOX 11813 DENVER,CO80211		PUBLIC	GENERAL	5,000
FOTOKIDS-FUNDACION DE NINOS ARTISTA 1333 JONES ST SAN FRANCISCO,CA94109		PUBLIC	GENERAL	30,000
FOUNDATION FOR SUSTAINABILITY & PEACEMAKING IN MESOAMERICA 1501 LISA RAE DR ROUND ROCK,TX78665		PUBLIC	GENERAL	1,000
FRIENDS OF BONOBOS PO BOX 2652 DURHAM,NC27715		PUBLIC	GENERAL	1,000
GLOBAL GIVING (OL PEJETA) 1110 VERMONT AVE NW WASHINGTON,DC20005		PUBLIC	GENERAL	2,500
GLOBAL GIVING CORONAVIRUS FUND 1110 VERMONT AVE NW WASHINGTON,DC20005		PUBLIC	GENERAL	5,000
GLOBAL RESPONSE MANAGEMENT 463688 SR 200 SUTE1 150 YULEE,FL32097		PUBLIC	GENERAL	2,500
INT'L FUND FOR ANIMAL WELFARE 290 SUMMER ST YARMOUTH PORT,MA02675		PUBLIC	GENERAL	2,500
NEW GEORGIA PROJECT 830 GLENWOOD AVE SE ATLANTA,GA30316		PUBLIC	GENERAL	5,000
PAN AFRICAN SANCTUARY ASSOC 3426 SW ARNOLD ST PORTLAND,OR97219		PUBLIC	GENERAL	1,000
RETHINKING SCHOOLS 6737 W WASHINGTON ST MILWAUKEE,WI53214		PUBLIC	GENERAL	25,000
RURAL UTAH PROJECT ED FUND 323 SOUTH 600 EAST SALT LAKE CITY,UT84102		PUBLIC	GENERAL	2,500
TEXAS CIVIL RIGHTS PROJECT 1405 MONOTOPOLIS DR AUSTIN,TX78741		PUBLIC	GENERAL	5,000
THE BAIL PROJECT PO BOX 750 VENICE,CA90294		PUBLIC	GENERAL	1,000
TIDES FOUNDATION 1012 TORNEY AVE SAN FRANCISCO,CA94129		PUBLIC	GENERAL	5,000
UNITED WAY OF MA 9 CHANNEL ST BOSTON,MA02210		PUBLIC	GENERAL	1,000
VERDE VALLE SCHOOL 3511 VERDE VALLE SCHOOL R SEDONA,AZ86351		PUBLIC	GENERAL	75,000
Y2Y NETWORK 10 WARE ST CAMBRIDGE,MA02138		PUBLIC	GENERAL	1,000
Total ................................. 3a				208,500

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	6,349
4 Dividends and interest from securities....			14	8,201
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	40	145,982
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)..				14,590	145,982

13Total. Add line 12, columns (b), (d), and (e)..................

160,572

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

PATHFINDER FUND

EIN:

34-6536633

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
	1,350

- TIN:

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

TY 2020 GainLossSaleOtherAssetsSch

Name:

PATHFINDER FUND

EIN:

34-6536633

Name	Date Acquired	How Acquired	Date Sold	Gross Sales Price	Basis	Total (net)
COVIDIEN INTERN2.95% 23FCALLED @	2016-12	PURCHASE	2020-10	16,029	14,851	1,178
DIGITAL REALTY T 3.95%22CALLED @	2016-12	PURCHASE	2020-08	15,905	15,188	717
FEDERAL NTNL MORT 1.7XXXMATURED	2017-01	PURCHASE	2020-01	20,000	20,000
HSBC HOLDINGS PLC5.1%21F DUE 04/05/2	2015-03	PURCHASE	2020-06	5,187	5,104	83
HSBC HOLDINGS PLC5.1%21F DUE 04/05/2	2018-03	PURCHASE	2020-06	10,374	10,158	216
ADOBE INC	2014-07	PURCHASE	2020-11	1,872	290	1,582
ADOBE INC	2014-07	PURCHASE	2020-09	2,434	362	2,072
AUTODESK INC	2016-03	PURCHASE	2020-09	2,816	680	2,136
AMERN TOWER CORP REIT	2019-03	PURCHASE	2020-11	2,889	2,260	629
SMITH A O	2019-06	PURCHASE	2020-12	2,263	1,867	396
SMITH A O	2019-06	PURCHASE	2020-11	2,366	1,959	407
SMITH A O	2015-12	PURCHASE	2020-12	938	660	278
APTIV PLC F	2018-03	PURCHASE	2020-11	3,620	2,745	875
ASML HLDGS NV FSPONSORED ADR 1 ADR R	2015-06	PURCHASE	2020-11	4,178	1,084	3,094
ASML HLDGS NV FSPONSORED ADR 1 ADR R	2015-06	PURCHASE	2020-06	4,333	1,301	3,032
AMERICAN WATER WORKS	2016-06	PURCHASE	2020-11	3,223	1,566	1,657
AMERICAN WATER WORKS	2016-06	PURCHASE	2020-09	2,910	1,566	1,344
ASTRAZENECA PLC FSPONSORED ADR 1 ADR	2019-09	PURCHASE	2020-11	3,084	2,419	665
BRIGHT HORIZON FAM	2017-08	PURCHASE	2020-01	2,783	1,364	1,419
BRIGHT HORIZON FAM	2017-08	PURCHASE	2020-11	4,821	2,327	2,494
BLACKBAUD INC	2020-01	PURCHASE	2020-11	2,124	3,333	-1,209
CHURCH & DWIGHT CO	2016-09	PURCHASE	2020-01	10,469	7,077	3,392
CHIPOTLE MEXICAN GRL	2018-12	PURCHASE	2020-03	5,616	4,870	746
CREE INC	2019-09	PURCHASE	2020-12	4,566	2,559	2,007
SALESFORCE COM	2014-06	PURCHASE	2020-11	2,243	514	1,729
SALESFORCE COM	2014-06	PURCHASE	2020-01	3,115	972	2,143
SALESFORCE COM	2014-06	PURCHASE	2020-09	1,264	286	978
SALESFORCE COM	2019-01	PURCHASE	2020-09	5,055	2,958	2,097
ECOLAB INC	2019-06	PURCHASE	2020-11	2,066	1,992	74
ETSY INC	2019-11	PURCHASE	2020-11	2,899	964	1,935
ETSY INC	2020-01	PURCHASE	2020-06	3,866	2,262	1,604
ETSY INC	2019-11	PURCHASE	2020-09	2,667	1,005	1,662
ETSY INC	2020-01	PURCHASE	2020-09	2,556	1,156	1,400
ETSY INC	2019-11	PURCHASE	2020-12	8,333	1,885	6,448
FIRST SOLAR INC	2019-03	PURCHASE	2020-12	2,785	1,640	1,145
FIRST SOLAR INC	2017-12	PURCHASE	2020-11	4,568	3,925	643
FIRST SOLAR INC	2017-12	PURCHASE	2020-12	1,393	1,033	360
ALPHABET INC. CLASS A	2018-12	PURCHASE	2020-06	2,905	2,145	760
ALPHABET INC. CLASS A	2015-03	PURCHASE	2020-11	5,299	1,694	3,605
ALPHABET INC. CLASS A	2015-03	PURCHASE	2020-09	1,538	565	973
HANNON ARMSTRONG SUS REIT	2016-01	PURCHASE	2020-09	1,553	448	1,105
HANNON ARMSTRONG SUS REIT	2015-09	PURCHASE	2020-09	7,885	2,509	5,376
HANNON ARMSTRONG SUS REIT	2016-01	PURCHASE	2020-11	2,786	641	2,145
HANNON ARMSTRONG SUS REIT	2018-06	PURCHASE	2020-04	139	83	56
HANNON ARMSTRONG SUS REIT	2018-06	PURCHASE	2020-09	6,047	2,413	3,634
HERCULES CAPITAL INC	2016-09	PURCHASE	2020-03	1,147	1,940	-793
HERCULES CAPITAL INC	2018-06	PURCHASE	2020-03	1,308	2,076	-768
HERCULES CAPITAL INC	2018-06	PURCHASE	2020-03	3,027	4,406	-1,379
HEXCEL CORP	2014-09	PURCHASE	2020-01	2,677	1,419	1,258
ILLUMINA INC	2019-06	PURCHASE	2020-06	3,234	3,061	173
ILLUMINA INC	2019-01	PURCHASE	2020-12	1,078	904	174
ILLUMINA INC	2019-01	PURCHASE	2020-11	3,081	3,012	69
ILLUMINA INC	2018-03	PURCHASE	2020-12	1,078	716	362
INGERSOLL RAND INC	2018-03	PURCHASE	2020-03	20	22	-2
INGERSOLL RAND INC	2019-01	PURCHASE	2020-03	30	23	7
INGERSOLL RAND INC	2017-12	PURCHASE	2020-03	1,105	1,255	-150
INGERSOLL RAND INC	2018-03	PURCHASE	2020-03	1,296	1,412	-116
INGERSOLL RAND INC	2019-01	PURCHASE	2020-03	700	847	-147
ITRON INC	2018-06	PURCHASE	2020-11	2,817	2,359	458
LKQ CORP	2019-01	PURCHASE	2020-06	8,289	8,035	254
LKQ CORP	2019-01	PURCHASE	2020-04	1,250	1,444	-194
MASTERCARD INC CLASS A	2019-03	PURCHASE	2020-11	2,982	2,072	910
MASTERCARD INC CLASS A	2018-03	PURCHASE	2020-01	2,581	1,394	1,187
MASTERCARD INC CLASS A	2019-03	PURCHASE	2020-09	2,736	1,842	894
MC CORMICK & CO INC	2017-02	PURCHASE	2020-11	3,854	2,059	1,795
MERCK & CO. INC.	2016-09	PURCHASE	2020-09	2,913	2,128	785
MERCK & CO. INC.	2016-09	PURCHASE	2020-11	2,671	2,066	605
MSCI INC	2016-09	PURCHASE	2020-09	4,534	1,113	3,421
MSCI INC	2016-09	PURCHASE	2020-06	6,808	1,798	5,010
NIKE INC CLASS B	2019-01	PURCHASE	2020-11	4,486	2,814	1,672
NOVOZYMES AS FSPONSORED ADR 1 ADR RE	2019-01	PURCHASE	2020-06	4,703	3,412	1,291
NOVOZYMES AS FSPONSORED ADR 1 ADR RE	2019-01	PURCHASE	2020-11	1,071	740	331
NEW YORK TIMES CLASS A	2019-09	PURCHASE	2020-11	3,672	2,679	993
OMNICELL INC	2020-06	PURCHASE	2020-11	2,067	1,462	605
ORMAT TECHNOLOGIES	2013-11	PURCHASE	2020-01	3,745	1,211	2,534
ORMAT TECHNOLOGIES	2013-11	PURCHASE	2020-11	2,222	737	1,485
PALO ALTO NETWORKS	2016-01	PURCHASE	2020-09	250	149	101
PALO ALTO NETWORKS	2015-03	PURCHASE	2020-09	3,494	2,014	1,480
PALO ALTO NETWORKS	2015-03	PURCHASE	2020-11	1,818	1,007	811
PENUMBRA INC	2020-01	PURCHASE	2020-11	3,909	2,584	1,325
KONINKLIJKE PHILIPS N FSPONSORED ADR	2018-12	PURCHASE	2020-06	3,764	2,927	837
KONINKLIJKE PHILIPS N FSPONSORED ADR	2018-03	PURCHASE	2020-01	3,370	2,577	793
KONINKLIJKE PHILIPS N FSPONSORED ADR	2019-01	PURCHASE	2020-06	5,694	4,410	1,284
KONINKLIJKE PHILIPS N FSPONSORED ADR	2018-03	PURCHASE	2020-06	6,964	5,608	1,356
PROLOGIS INC. REIT	2018-12	PURCHASE	2020-11	4,216	2,550	1,666
PROLOGIS INC. REIT	2018-12	PURCHASE	2020-04	646	435	211
PAYPAL HOLDINGS INCORPOR	2013-11	PURCHASE	2020-11	4,145	706	3,439
PAYPAL HOLDINGS INCORPOR	2019-01	PURCHASE	2020-04	1,209	922	287
PAYPAL HOLDINGS INCORPOR	2019-01	PURCHASE	2020-06	3,438	1,937	1,501
PAYPAL HOLDINGS INCORPOR	2013-11	PURCHASE	2020-06	5,239	1,026	4,213
ROCHE HLDG AG FSPONSORED ADR 1 ADR R	2020-06	PURCHASE	2020-11	2,007	2,101	-94
STARBUCKS CORP	2010-05	PURCHASE	2020-11	3,129	447	2,682
STARBUCKS CORP	2010-05	PURCHASE	2020-04	233	41	192
STARBUCKS CORP	2013-11	PURCHASE	2020-04	1,628	847	781
SCHWAB US AGGREGATE BONDETF	2019-09	PURCHASE	2020-04	11,119	10,756	363
SIEMENS A G FSPONSORED ADR 1 ADR REP	2020-09	PURCHASE	2020-11	956	951	5
SIEMENS A G FSPONSORED ADR 1 ADR REP	2019-03	PURCHASE	2020-11	2,186	1,672	514
SVB FINL GROUP	2019-01	PURCHASE	2020-11	4,457	2,969	1,488
SVB FINL GROUP	2019-09	PURCHASE	2020-11	2,742	1,748	994
SVB FINL GROUP	2013-11	PURCHASE	2020-12	2,157	580	1,577
SVB FINL GROUP	2014-10	PURCHASE	2020-12	359	107	252
SVB FINL GROUP	2019-09	PURCHASE	2020-12	1,797	1,092	705
T P I COMPOSITES INC	2019-06	PURCHASE	2020-09	3,935	3,390	545
T P I COMPOSITES INC	2017-09	PURCHASE	2020-11	1,798	970	828
T P I COMPOSITES INC	2017-09	PURCHASE	2020-09	222	172	50
T P I COMPOSITES INC	2017-09	PURCHASE	2020-12	2,281	1,078	1,203
TRAVELERS COMPANIES	2017-02	PURCHASE	2020-11	2,673	2,441	232
TRAVELERS COMPANIES	2017-12	PURCHASE	2020-11	2,272	2,311	-39
TAIWAN SEMICONDUCTR FSPONSORED ADR 1	2020-06	PURCHASE	2020-11	2,700	1,640	1,060
TRANE TECHNOLOGIES PLC F	2019-01	PURCHASE	2020-11	3,546	1,755	1,791
TRANE TECHNOLOGIES PLC F	2019-01	PURCHASE	2020-12	2,370	1,243	1,127
TRANE TECHNOLOGIES PLC F	2017-12	PURCHASE	2020-12	1,951	962	989
UMPQUA HOLDINGS CORP	2016-06	PURCHASE	2020-01	5,615	4,929	686
UMPQUA HOLDINGS CORP	2013-07	PURCHASE	2020-01	4,503	4,193	310
UNILEVER N V FSPONSORED ADR 1 ADR RE	2013-02	PURCHASE	2020-11	3,361	2,154	1,207
VERISK ANALYTICS INC CLASS A	2016-12	PURCHASE	2020-04	1,209	666	543
VERISK ANALYTICS INC CLASS A	2016-12	PURCHASE	2020-11	2,431	999	1,432
WATERS CORP	2014-09	PURCHASE	2020-01	13,908	2,823	11,085
XYLEM INC.	2015-09	PURCHASE	2020-11	469	165	304
XYLEM INC.	2017-02	PURCHASE	2020-11	4,222	2,162	2,060

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

PATHFINDER FUND

EIN:

34-6536633

Name of Bond	End of Year Book Value	End of Year Fair Market Value
APPLE INC
ADOBE INC
ADOBE INC 15000	15,344
ALPHABET INC 15000	16,136
APPLE INC 15000	15,304
BOSTON PROPERTIES
BOSTON PROPERTIES 15000	15,611
CAPITAL IMPACT PRTNR 3.2%
CAPITAL IMPACT PRTNR INVT 1.0%	9,954
COVIDEN INTL
DIGITAL REALTY 3.95
HSBC HOLDINGS 1%
KREDITANSTALT FUR WIED 2%
KREDTANSTALT FUR 1.0%	9,997
REGENCY CTRS LP 1.0%	10,146
REGENCY CTRS 3.75%
STARBUCKS 2.45%
STARBUCKS 2.1%	19,056
UPS 2.4%
UPS 2.0%	19,968
VERIZON COMMUN 3.875%
VERIZON COMMUN 1.7%	16,356

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

PATHFINDER FUND

EIN:

34-6536633

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADOBE SYSTEMS 8 SHS
ADOBE SYSTEMS 22 SHS
ADOBE SYSTEMS 26 SHRS	6,077
ALPHABET INC 13 SHRS	6,711
ALPHABET INC 19 SHS
AMERICAN TOWER CORP 38 SHS	7,157
AMERICAN WATER WORKS 102 SHS	7,988
AMERICAN WATER WORKS 142 SHS
AMERICAN WATER WORKS 23 SHS
APTIV PLC 107 SHRS	7,852
APTIV PLC 48 SHS
APTIV PLC 92 SHS
ASML HOLDINGS 39 SHS	4,228
ASML HOLDINGS 61 SHS
ASTRAZENECA PLC 231 SHS
ASTRAZENECA PLC 264 SHS	12,371
AUTODESK INC 52 SHS
AUTODESK INC 50 SHS	3,634
BECTON DICKINSON 27 SHS
BECTON DICKINSON 19 SHS
BECTON DICKINSON 46 SHS	9,244
BLACKBAUD INC
BLACKBAUD 199 SHS	13,721
BRIGHT HORIZON 110 SHS
BRIGHT HORIXON 88 SHS	7,396
CHIPOLTE MEXICAN GRL 11 SHS
CHURCH & DWIGHT CO 147 SHS
CREE INC 203 SHS
CREE INC 153 SHS	7,831
ECOLABE 44 SHS
ECOLAB 49 SHS	9,838
EAST WEST BANCORP 219 SHS	11,166
ETSY INC 109SHS	4,566
ETSY INC 201 SHS
FIRST SOLAR 72 SHS
FIRST SOLAR 129 SHRS
FIRST SOLAR 52 SHS
FIRSTSOLAR 151 SHS	8,031
HANNON ARMSTRONG SUS 776 SHRS
HANNON ARMSTRONG SUST 364 SHS	6,596
HERCULES CAPITAL 143 SHS
HERCULES CAPITAL 474 SHS
HERCULES CAPITAL 509 SHS
HEXCEL COR 188SHS
HEXCEL CORP 152 SHS	5,992
ILLUMINA INC 13 SHS
ILLUMINA INC 35 SHS
ILLUMINA INC 9 SHS
ILUMINA INC 32 SHS	7,194
INGERSOLL 75 SHS
INGERSOLL 63 SHS
INGERSOLL 41 SHS
ITRON INC 121 SHS	7,319
ITRON INC 160 SHS
KBC GROUP 245 SHS
KBC GROUP 395 SHS	12,269
KLONINKLIJKE PHILIPS 296 SHS
KLONINKLIJKE PHILIPS121 SHS
LKQ CORP
MASTERCARD INC 54 SHS	9,576
MASTERCARD 59 SHS
MASTERCARD 20 SHS
MCCORMICK 89 SHS
MCCORMICK 136 SHS	6,668
MERCK & CO 172 SHS	10,675
MERCK & CO 174 SHS
MERCK & CO 65 SHS
MSCI INC 72 SHS
MSCI 38 SHS	3,253
NEW YORK TIMES 311 SHS
NEW YORK TIMES 301 SHS	9,074
NIKE INC 125 SHS	8,045
NIKE INC 104 SHS
NIKE INC 56 SHS
NOVOZYMES 280 SHS
NOVOZYMES 179 SHS	7,358
OMNICELL INC 114 SHS	7,937
ORMAT TECH 187 SHS	8,069
ORMAT TECH 157 SHS
PALO ALTO NETWORKS 65 SHS	10,382
PALO ALTO NETWORKS 54 SHS
PALO ALTO NETWOKS 1 SH
PAYPAL HOLDINGS 104 SHS	3,336
PAYPAL HOLDINGS 158 SHS
PAYPAL HOLDINGS 31 SHS
PENUMBRA INC 62 SHS	10,740
PROLOGIS INC 124 SHS	5,271
ROCHE HLDG 335 SHS	14,900
SALESFORCE 20 SHS
SALESFORCE 86 SHS
SALESFORCE 67 CHS	5,858
SAP SPONSORED 123 SHS
SIEMENS AG 206 SHS	12,293
SIEMENS A G 185 SHS
SMITH A O 140 SHS	5,438
SMITYH A O 241 SHS
STARBUCKS CORP 100 SHS	1,355
STARBUCKS CORP 136 SHS
STARBUCKS CORP 21 SHS
SVB FINANCIAL 61 SHS
SVB FINANCIAL 13 SHS
SVB FINANCIAL 13 SHS
SVB FINANCIAL 54 SHS	5,216
TAIWAN SEMICONDUCTOR 146 SHS	8,257
TPI COMPOSITES 350 SHS
TPI COMPOSITES 142 SHS
TPI COMPOSITES 247 SHS	5,207
TRANE TECHNOLOGIS	9,543
TRAVELERS CO 132 SHS
TRAVELERS CO 95 SHS	11,580
UMPQUA HOLDINGS 308 SHS
UMPQUA H OLDINGS 247 SHS
UNILEVER 315 SHS	13,884
UNILEVER 135 SHS
UNILEVER 83 SHS
UNILEVER 66 SHS
VERISK 59 SHS
VERSK ANALYTICS 39 SHS	3,248
VF COP 148 SHS	11,367
WABTEC COM 137 SHS	10,014
WATERS CORP 58 SHS
WEIGHT WATCHERS INTL 165 SHS
XYLEM 163 SHS	8,781
XYLEM 99 SHS
XYLEM 45 SHS

- TIN:

TY 2020 InvestmentsGovtObligationsSch

Name:

PATHFINDER FUND

EIN:

34-6536633

US Government Securities - End of Year Book Value:

59,406

US Government Securities - End of Year Fair Market Value:

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

PATHFINDER FUND

EIN:

34-6536633

Category/ Item	Listed at Cost or FMV	Book Value
PROLOGIS INC. 201 UNITS	AT COST
ARMEN TOWER CORP	AT COST
HANNON ARMSTRONG SUS	AT COST
SCHWAB US AGGREGATE BOND	AT COST
SCHWAB STRATEGIC TR US AGGR 1.8%	AT COST	17,263

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

PATHFINDER FUND

EIN:

34-6536633

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT FEES	5,790	5,790

- TIN:

TY 2020 TaxesSchedule

Name:

PATHFINDER FUND

EIN:

34-6536633

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FOREIGN TAX PAID	295	295