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
THE SHAPIRO FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)661 HIGHLAND AVE NO 103A
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEEDHAM, MA02494
A Employer identification number

04-3541595
B Telephone number (see instructions)

(818) 610-2900
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$141,613,014J 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 386,379 386,379  
4 Dividends and interest from securities... 752,718 743,835  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -25,260,637
b Gross sales price for all assets on line 6a 4,579,681
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 151,759 67,190  
12 Total. Add lines 1 through 11........ -23,969,781 1,197,404  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 378,333 0   302,666
15 Pension plans, employee benefits....... 39,000 0   31,200
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 36,021 0   0
c Other professional fees (attach schedule)....        
17 Interest............... 783,851 783,851   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 78,419 0   17,926
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 13,770 0   0
21 Travel, conferences, and meetings....... 6,993 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 214,666 199,892   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,551,053 983,743   351,792
25 Contributions, gifts, grants paid....... 8,541,344 8,541,344
26 Total expenses and disbursements. Add lines 24 and 25 10,092,397 983,743   8,893,136
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -34,062,178
b Net investment income (if negative, enter -0-) 213,661
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......... 15,964,649 8,804,608 8,804,608
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)....... 142,803,508 Click to see attachment134,294,566 132,294,566
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 104,004 Click to see attachment104,004 104,004
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment392,675 Click to see attachment409,836 Click to see attachment409,836
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 159,264,836 143,613,014 141,613,014
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 attachment28,092 Click to see attachment4,001
23 Total liabilities (add lines 17 through 22)......... 28,092 4,001
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...........    
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 159,236,744 143,609,013
29 Total net assets or fund balances (see instructions)..... 159,236,744 143,609,013
30 Total liabilities and net assets/fund balances (see instructions). 159,264,836 143,613,014
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
159,236,744
2
Enter amount from Part I, line 27a .....................
2
-34,062,178
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
18,434,447
4
Add lines 1, 2, and 3 ..........................
4
143,609,013
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
143,609,013
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 PASSTHROUGH FROM PAR GROUP II, L.P. P    
b PASSTHROUGH FROM PAR GROUP II, L.P. P    
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 4,579,681   4,130,414 449,267
b     2,927,335 -2,927,335
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       449,267
b       -2,927,335
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 -2,478,068
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 2,970
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 2,970
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,970
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 23,952
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 23,952
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 20,982
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet20,982 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 addressbulletWWW.THESHAPIROFOUNDATION.ORG
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (818) 610-2900

    Located atbullet661 HIGHLAND AVE NO 103ANEEDHAMMA ZIP+4bullet02494
    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
     
    No
    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
    EDWARD L SHAPIRO TRUSTEE
    30.00     		0 0 0
    661 HIGHLAND AVE NO 103A
    NEEDHAM,MA02494
    BARBARA J SHAPIRO TRUSTEE
    5.00     		0 0 0
    661 HIGHLAND AVE NO 103A
    NEEDHAM,MA02494
    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
    LAWRENCE L TOBIN FDTN DIRECTOR
    40.00     		250,500 19,500 0
    661 HIGHLAND AVE NO 103A
    NEEDHAM,MA02494
    KAYLA W ROWE EXECUTIVE ASSISTANT
    40.00     		88,833 19,500 0
    661 HIGHLAND AVE NO 103A
    NEEDHAM,MA02494
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    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 LOAN TO THE INTERNATIONAL RESCUE COMMITTEE (IRC) - THE ORGANIZATION'S MISSION IS TO HELP NEWLY ARRIVED REFUGEES AND OTHER LOW-INCOME FAMILIES CLIMB THE ECONOMIC LADDER AND HAVE ACCESS TO CONSUMER FINANCING. 125,000
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet125,000
    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
    137,110,169
    b
    Average of monthly cash balances.......................
    1b
    13,629,339
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    150,739,508
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    150,739,508
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,261,093
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    148,478,415
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    7,423,921
    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
    7,423,921
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,970
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    10,459
    c
    Add lines 2a and 2b............................
    2c
    13,429
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,410,492
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    7,410,492
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    7,410,492
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    8,893,136
    b
    Program-related investments—total from Part IX-B..................
    1b
    125,000
    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
    9,018,136
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    9,018,136
    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 7,410,492
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 219,549
    b From 2016...... 146,814
    c From 2017...... 979,468
    d From 2018...... 590,753
    e From 2019...... 919,343
    fTotal of lines 3a through e........ 2,855,927
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 9,018,136
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 7,410,492
    e Remaining amount distributed out of corpus 1,607,644
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 4,463,571
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		219,549
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		4,244,022
    10 Analysis of line 9:
    a Excess from 2016.... 146,814
    b Excess from 2017.... 979,468
    c Excess from 2018.... 590,753
    d Excess from 2019.... 919,343
    e Excess from 2020.... 1,607,644
    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).)
    EDWARD L SHAPIRO
    BARBARA J SHAPIRO
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACS ATHENS
    RODNEY SQUARE 1000 NORTH KING
    STREET
    WILMINGTON,DE19801     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 223,000
    AGAHOZO SHALOM YOUTH VILLAGE
    620 8TH AVE 19TH FLOOR
    NEW YORK,NY10018     		NONE PUBLIC CHARITY EDUCATION 20,000
    ALIMA USA
    ONE WHITEHALL ST 2ND FL
    NEW YORK,NY10004     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 100,000
    ALZHEIMER'S ASSOCIATION
    225 N MICHIGAN AVENUE FLOOR 17
    CHICAGO,IL01701     		NONE PUBLIC CHARITY RESEARCH 100
    AMERICANS FOR OXFORD -OXFORD UNIVERSITY REFUGEE STUDIES
    88 HAMILTON AVENUE
    STAMFORD,CT06902     		NONE PUBLIC CHARITY EDUCATION 500
    BEAVER COUNTRY DAY SCHOOL
    791 HAMMOND ST
    CHESTNUT HILL,MA02467     		NONE PUBLIC CHARITY EDUCATION 150,000
    BECOME - ISRAEL GIVES - AMERICAN SUPPORT FOR ISRAEL
    PO BOX 3263
    WASHINGTON,DC20010     		NONE PUBLIC CHARITY EDUCATION 1,400
    BETH ISRAEL DEACONESS MEDICAL CENTER
    148 CHESTNUT STREET
    NEEDHAM,MA02492     		NONE PUBLIC CHARITY RESEARCH 6,500
    BOSTON BULLPEN PROJECT
    PO BOX 920512
    NEEDHAM,MA02492     		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000
    BOSTON CHILDREN'S HOSPITAL
    300 LONGWOOD AVENUE
    BOSTON,MA02115     		NONE PUBLIC CHARITY RESEARCH 752,500
    BOSTON MEDICAL CENTER CORPORATION
    1 BOSTON MEDICAL CENTER PLACE
    BOSTON,MA02118     		NONE PUBLIC CHARITY RESEARCH 355,000
    BRANDEIS UNIVERSITY JEWISH IDENTITY FUND
    415 SOUTH STREET
    WALTHAM,MA02453     		NONE PUBLIC CHARITY EDUCATION 67,000
    BRIDGE2RWANDA
    1818 N TAYLOR ST SUITE B PMB 322
    LITTLE ROCK,AR72207     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 37,005
    CHAPEL & YORK FOUNDATION
    155 E 44TH STREET 6TH FLOOR SUITE
    34
    NEW YORK,NY10017     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 10,000
    COHEN CAMPS
    888 WORCESTER STREET SUITE 350
    WELLESLEY,MA02482     		NONE PUBLIC CHARITY EDUCATION 185
    DANA FARBER JIMMY FUND
    450 BROOKLINE AVENUE
    BOSTON,MA02215     		NONE PUBLIC CHARITY RESEARCH 5,500
    DE NOVO CENTER FOR JUSTICE & HEALING
    405 MAIN STREET
    WORCESTER,MA01608     		NONE PUBLIC CHARITY DOMESTIC NEEDS 41,500
    DUET
    50 MILK STREET
    BOSTON,MA02110     		NONE PUBLIC CHARITY EDUCATION 103,750
    EDESIA
    550 ROMANO VINEYARD WAY
    NORTH KINGSTOWN,RI02852     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 50,000
    EMORY
    1599 CLIFTON ROAD
    ATLANTA,GA30322     		NONE PUBLIC CHARITY EDUCATION 7,000
    FACING HISTORY AND OURSELVES
    16 HURD ROAD
    BROOKLINE,MA02445     		NONE PUBLIC CHARITY EDUCATION 2,500
    FOCUSING PHILANTHROPY
    1637 16TH STREET
    SANTA MONICA,CA90404     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 57,017
    FRANCISCAN CHILDREN'S HOSPITAL
    30 WARREN ST
    BRIGHTON,MA02135     		NONE PUBLIC CHARITY MEDICAL RESEARCH 20,000
    FRIENDS OF THE UNIVERSITY OF OTTAWA
    1725 I ST NW STE 800
    WASHINGTON,DE20006     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 300,000
    HEALTH LAW ADVOCATES
    ONE FEDERAL STREET 5TH FLOOR
    BOSTON,MA02110     		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000
    HEBREW COLLEGE
    160 HERRICK RD
    NEWTON CENTRE,MA02459     		NONE PUBLIC CHARITY DOMESTIC NEEDS 72
    HELP REFUGEES CHOOSE LOVE
    45 WEST 36TH STREET 6TH FLOOR
    NEW YORK,NY10018     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 762,000
    HILLELS OF GEORGIA
    735 GATEWOOD ROAD NE
    ATLANTA,GA30322     		NONE PUBLIC CHARITY RELIGIOUS 540
    HORIZONS FOR HOMELESS CHILDREN
    1705 COLUMBUS AVENUE
    ROXBURY,MA02119     		NONE PUBLIC CHARITY DOMESTIC NEEDS 400,515
    HUMANITY RISES INC
    346 CONGRESS ST UNIT 402
    BOSTON,MA02210     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 50,000
    IMMIGRANT FAMILY SERVICES INSTITUTE
    1626 BLUE HILL AVENUE
    MATTAPAN,MA02126     		NONE PUBLIC CHARITY DOMESTIC NEEDS 30,000
    INTEGRATED REFUGEE & IMMIGRANT SERVICES
    235 NICOLL STREET 2ND FLOOR
    NEW HAVEN,CT06511     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 26,000
    INTERNATIONAL INSTITUTE OF NEW ENGLAND
    2 BOYLSTON STREET 3RD FLOOR
    BOSTON,MA02116     		NONE PUBLIC CHARITY EDUCATION 3,500
    INTERNATIONAL REFUGEE ASSISTANCE PROJECT
    ONE BATTERY PARK PLAZA 4TH FLOOR
    NEW YORK,NY10004     		NONE PUBLIC CHARITY EDUCATION 275,000
    INTERNATIONAL RESCUE COMMITTEE
    PO BOX 6068
    ALBERT LEA,MN56007     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 710,000
    JAFCO (JEWISH ADOPTION AND FAMILY CARE OPTIONS)
    4200 N UNIVERSITY DRIVE
    SUNRISE,FL33351     		NONE PUBLIC CHARITY DOMESTIC NEEDS 250
    JANE DOE INC
    745 ATLANTIC AVENUE 8TH FLOOR
    BOSTON,MA02111     		NONE PUBLIC CHARITY DOMESTIC NEEDS 263
    JEWISH BIG BROTHERS BIG SISTERS OF GREATER BOSTON
    333 NAHANTON STREET
    NEWTON,MA02459     		NONE PUBLIC CHARITY DOMESTIC NEEDS 100,000
    JEWISH FAMILY SERVICES
    1430 MAIN STREET
    WALTHAM,MA02451     		NONE PUBLIC CHARITY RELIGIOUS 250
    JUVENILE DIABETES RESEARCH FUNDING
    200 VESEY STREET 28TH FLOOR
    NEW YORK,NY02459     		NONE PUBLIC CHARITY RESEARCH 2,500
    KARAM FOUNDATION
    230 NORTHGATE 742
    LAKE FOREST,IL60045     		NONE PUBLIC CHARITY EDUCATION 386,772
    KATALUMA
    48 LANTERN LANE
    NEWTON,MA02459     		NONE PUBLIC CHARITY DOMESTIC NEEDS 5,000
    MAYYIM HAYYIM LIVING WATERS
    1838 WASHINGTON STREET
    NEWTON,MA02466     		NONE PUBLIC CHARITY RELIGIOUS 180
    MILES4MIGRANTS
    3629 LAUREL STREET
    NEW ORLEANS,LA70115     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 200,000
    NEEDHAM GOES PURPLE
    PO BOX 920873
    NEEDHAM,MA02492     		NONE PUBLIC CHARITY EDUCATION 50
    NEW ENGLAND INTERNATIONAL DONORS (NEID)
    120 ST JAMES AVE
    BOSTON,MA02116     		NONE PUBLIC CHARITY EDUCATION 5,000
    ONE VOICE LA
    1228 15TH ST STE C
    SANTA MONICA,CA90404     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,023
    ONE WORLD PLAY PROJECT (ONE WORLD FUTBOL)
    2560 9TH STREET 319
    BERKELEY,CA94710     		NONE PUBLIC CHARITY DOMESTIC NEEDS 322
    OUKO COMMUNITY INTIATIVES
    2604 LAKEFIELD CT
    MARIETTA,GA30064     		NONE PUBLIC CHARITY EDUCATION 500
    PARTNERS IN HEALTH
    888 COMMONWEALTH AVENUE 3RD FLOOR
    BOSTON,MA02215     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 250,000
    POLITICAL ASYLUM IMMIGRATION REPRESENTATION PROJECT INC
    98 NORTH WASHINGTON ST SUITE 106
    BOSTON,MA02114     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 109,000
    PRINCIPE PRODUCTIONS
    390 RIVERSIDE DR APT 8C
    NEW YORK,NY10025     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 5,000
    REFUGEE COUNCIL USA (RCUSA)
    1628 16TH STREET NW
    WASHINGTON,DC20009     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 200,000
    REFUGEE HOME PROJECT
    134 E 40TH STREET
    NEW YORK,NY10016     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 300,000
    REFUGEE INVESTMENT NETWORK
    1401 K STREET NW
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 40,000
    REFUGEPOINT
    689 MASSACHUSETTS AVE 2ND FL
    CAMBRIDGE,MA02139     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 210,000
    RELIEF INTERNATIONAL
    1101 14TH STREET NW
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 1,000
    RIAN IMMIGRANT CENTER
    ONE STATE STREET
    BOSTON,MA02109     		NONE PUBLIC CHARITY EDUCATION 40,000
    SOCIAL FINANCE
    10 MILK STREET SUITE 1010
    BOSTON,MA02108     		NONE PUBLIC CHARITY DOMESTIC NEEDS 225,000
    SOLES4SOULS
    319 MARTINGALE DRIVE
    OLD HICKORY,TN37138     		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000
    SOUTHERN NEW HAMPSHIRE UNIVERSITY
    2500 N RIVER RD
    HOOKSETT,NH03106     		NONE PUBLIC CHARITY EDUCATION 235,380
    SPARKSHARE
    50 MILK STREET 15TH FLOOR
    BOSTON,MA02109     		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000
    TEACH FOR AMERICA
    25 BROADWAY 12TH FLOOR
    NEW YORK,NY10004     		NONE PUBLIC CHARITY EDUCATION 25,000
    TEAM IMPACT
    500 VICTORY ROAD
    QUINCY,MA02171     		NONE PUBLIC CHARITY DOMESTIC NEEDS 35,000
    TEMPLE BETH ELOHIM
    31 MT EBO ROAD NORTH
    BREWSTER,NY10509     		NONE PUBLIC CHARITY RELIGIOUS 40,120
    TENACITY
    38 EVERETT STEEET SUITE 50
    BOSTON,MA02134     		NONE PUBLIC CHARITY EDUCATION 110,000
    THE CHILDREN'S ROOM
    1210 MASSACHUSETTS AVENUE
    ARLINGTON,MA02476     		NONE PUBLIC CHARITY DOMESTIC NEEDS 5,000
    THE RASHI SCHOOL
    8000 GREAT MEADOW ROAD
    DEDHAM,MA02026     		NONE PUBLIC CHARITY RELIGIOUS 513,000
    THE SECOND STEP
    PO BOX 600213
    NEWTONVILLE,MA02460     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    THE SHALEM FOUNDATION
    845 THIRD AVENUE SIXTH FLOOR
    NEW YORK,NY10022     		NONE PUBLIC CHARITY RELIGIOUS 25,000
    TRUSTEES OF TUFTS COLLEGE
    163 PACHARD AVENUE
    MEDFORD,MA02155     		NONE PUBLIC CHARITY EDUCATION 10,000
    UCLA FOUNDATION - ANDERSON
    110 WESTWOOD PLAZA
    LOS ANGELES,CA90024     		NONE PUBLIC CHARITY EDUCATION 55,000
    UNICEF
    125 MAIDEN LANE
    NEW YORK,NY10038     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 500
    UNIVERSITY OF PENNSYLVANIA-WHARTON
    3620 LOCUST WALK
    PHILADELPHIA,PA19104     		NONE PUBLIC UNIVERSITY EDUCATION 325,000
    UPWARDLY GLOBAL
    582 MARKET STREET SUITE 1207
    SAN FRANCISCO,CA94104     		NONE PUBLIC UNIVERSITY DOMESTIC NEEDS 1,000
    US HOLOCAUST MUSEUM
    100 RAOUL WALLENBERG PL SW
    WASHINGTON,DC20024     		NONE PUBLIC CHARITY EDUCATION 5,000
    USA FOR IOM
    1752 N STREET NW SUITE 600
    WASHINGTON,DC20036     		NONE PUBLIC CHARITY DOMESTIC NEEDS 80,000
    WORLD CENTRAL KITCHEN
    1342 FLORIDA AVENUE NW
    WASHINGTON,DC20009     		NONE PUBLIC CHARITY DOMESTIC NEEDS 50
    YEAR UP INC
    45 MILK STREET 9TH FLOOR
    BOSTON,MA02109     		NONE PUBLIC CHARITY EDUCATION 385,000
    YOUTH MENTAL HEALTH PROJECT
    12 SALT BOX LANE
    DARIEN,CT06820     		NONE PUBLIC CHARITY EDUCATION 100
    Total .................................bullet 3a 8,541,344
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 386,379  
    4 Dividends and interest from securities.... 900000 8,883 14 743,835  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 308 89,871
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -25,260,637  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPASSTHROUGH ORDINARY INCOME     		900000 -5,302 01 66,882  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 3,581 -24,063,233 89,871
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -23,969,781
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    3 NONE
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 36,021 0   0

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Name of Stock End of Year Book Value End of Year Fair Market Value
    PAR GROUP II, L.P. 126,163,378 126,163,378
    POWERHOUSE CAPITAL I L.P. 131,188 131,188
    HILL CITY OFFSHORE FUND 3,000,000 3,000,000
    BRACEBRIDGE - BIL FUND 5,000,000 3,000,000

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    REFUGEE FILM PROJECT AT COST 104,004 104,004

    TY 2020 OtherAssetsSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PROGRAM RELATED INVESTMENT - MASSACHUSETTS PATHWAYS 63,653 0 0
    PROGRAM RELATED INVESTMENT - SOCIAL FINANCE CT FAMILY OPIOID 212,323 0 0
    PROGRAM RELATED INVESTMENT - LOAN RECEIVABLE - KIVA USER FUNDS 100,000 100,000 100,000
    SOCIAL FINANCE CT FAMILY OPIOID -8,301 159,836 159,836
    PROGRAM RELATED INVESTMENT - WORKAROUND 25,000 25,000 25,000
    PROGRAM RELATED INVESTMENT - CENTER FOR ECONOMIC OPPORTUNITY FUND 0 125,000 125,000


    TY 2020 OtherExpensesSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DEDUCTIONS RELATED TO PORTFOLIO INCOME -PASSTHROUGH PAR 186,127 186,127   0
    DEDUCTIONS RELATED TO PORTFOLIO INCOME -PASSTHROUGH POWERHOUSE CAPITAL I LP 1,712 1,712   0
    DEDUCTIONS RELATED TO PORTFOLIO INCOME -PASSTHROUGH POWERHOUSE UP FUND LP 11,489 12,053   0
    OFFICE EXPENSE 7,270 0   0
    MEALS 3,207 0   0
    INSURANCE 650 0   0
    BANK FEES 66 0   0
    OUTSIDE SERVICES 1,050 0   0
    UTILITIES 2,502 0   0
    DUES & SUBSCRIPTIONS 593 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PASSTHROUGH ORDINARY INCOME - MA PATHWAYS 308 308 308
    STATE TAX REFUND 89,871 0 89,871
    PASSTHROUGH ORDINARY INCOME 61,580 66,882 61,580


    TY 2020 OtherIncreasesSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Description Amount
    UNREALIZED CHANGE IN VALUE OF INVESTMENTS 18,434,447


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARDS PAYABLE 28,092 4,001


    TY 2020 TaxesSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 30,000 0   0
    TAXES & LICENSES 2,020 0   0
    MASSACHUSETTS TAXES 23,928 0   0
    PAYROLL TAXES 22,471 0   17,926