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
SHIPLEY FOUNDATION INC #0755496
 
Number and street (or P.O. box number if mail is not delivered to street address)NUTTER MCCLENNEN FISH POB 51400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02205
A Employer identification number

23-7015570
B Telephone number (see instructions)

(617) 439-2276
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$231,934,095J 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) 173,481
2 Check bullet.............
3 Interest on savings and temporary cash investments 3,446 3,446  
4 Dividends and interest from securities... 3,198,476 3,131,736  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 11,722,882
b Gross sales price for all assets on line 6a 62,857,816
7 Capital gain net income (from Part IV, line 2)... 11,735,651
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 48,570 48,570  
12 Total. Add lines 1 through 11........ 15,146,855 14,919,403  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 313,573 235,180   78,393
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 178,185 133,639   44,546
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 99,204 49,204   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 856,657 642,119   214,538
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,447,619 1,060,142   337,477
25 Contributions, gifts, grants paid....... 9,007,075 9,007,075
26 Total expenses and disbursements. Add lines 24 and 25 10,454,694 1,060,142   9,344,552
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 4,692,161
b Net investment income (if negative, enter -0-) 13,859,261
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............. 75,397 1,000 1,000
2 Savings and temporary cash investments......... 1,109,104 1,706,066 1,706,066
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)....... 114,204,971 Click to see attachment117,459,738 153,716,134
c Investments—corporate bonds (attach schedule)....... 35,720,067 Click to see attachment36,940,839 38,518,360
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 37,951,976 Click to see attachment37,992,535 37,992,535
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 189,061,515 194,100,178 231,934,095
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)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
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........ 59,077,250 59,077,250
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 129,984,265 135,022,928
29 Total net assets or fund balances (see instructions)..... 189,061,515 194,100,178
30 Total liabilities and net assets/fund balances (see instructions). 189,061,515 194,100,178
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
189,061,515
2
Enter amount from Part I, line 27a .....................
2
4,692,161
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
346,502
4
Add lines 1, 2, and 3 ..........................
4
194,100,178
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
194,100,178
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 SIGULER GUFF BRIC OPPORTUNITIES P 2020-01-15 2020-12-31
b SIGULER GUFF BRIC OPPORTUNITIES P 2018-01-15 2020-12-31
c SIGULER GUFF DISTRESSED OPPORTUNITIES P 2020-01-15 2020-12-31
d SIGULER GUFF DISTRESSED OPPORTUNITIES P 2018-01-15 2020-12-31
e WEST GULF INVESTMENTS STRATEGIES P 2020-01-15 2020-12-31
WEST GULF INVESTMENTS STRATEGIES P 2018-01-15 2020-12-31
GOLDMAN SACHS 653-2 P 2018-01-15 2020-12-31
GOLDMAN SACHS 653-2 P 2020-01-15 2020-12-31
GOLDMAN SACHS 653-2 P 2018-01-15 2020-12-31
GOLDMAN SACHS 649-5 P 2018-01-15 2020-12-31
GOLDMAN SACHS 649-5 P 2020-01-15 2020-12-31
CAPITAL GAIN DIV 0755496 P 2018-01-15 2020-12-31
(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     4,458 -4,458
b 213,405     213,405
c 9,849     9,849
d 17,234     17,234
e     292 -292
45,937     45,937
39,975,112   30,333,646 9,641,466
234,339   253,403 -19,064
66,923     66,923
15,321,097   14,022,808 1,298,289
6,973,917   6,507,558 466,359
3     3
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       -4,458
b       213,405
c       9,849
d       17,234
e       -292
      45,937
      9,641,466
      -19,064
      66,923
      1,298,289
      466,359
      3
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 11,735,651
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................................ 1 192,644
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........................... 3 192,644
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- ..... 5 192,644
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 145,081
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 150,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 295,081
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 590
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 10 101,847
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet101,847 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    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 instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletNUTTER MCCLENNEN & FISH LLP Telephone no.bullet (617) 439-2000

    Located atbulletSEAPORT WEST 155 SEAPORT BLVDBOSTONMA ZIP+4bullet022102604
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    RICHARD C SHIPLEY PRESIDENT
    5.00     		0 0 0
    3333 POINCIANA AVE
    COCONUT GROVE,FL33133
    THOMAS P JALKUT TREASURER
    5.00     		0 0 0
    NUTTERMCCLENNEN FISHLLP PO BOX
    51400
    BOSTON,MA02205
    RICHARD C SHIPLEY DIRECTOR
    5.00     		0 0 0
    3333 POINCIANA AVE
    COCONUT GROVE,FL33133
    JULIA S COSENTINO CLERK
    5.00     		0 0 0
    NUTTERMCCLENNEN FISHLLP PO BOX
    51400
    BOSTON,MA02205
    THOMAS P JALKUT DIRECTOR
    5.00     		0 0 0
    NUTTERMCCLENNEN FISHLLP PO BOX
    51400
    BOSTON,MA02205
    JULIA S COSENTINO DIRECTOR
    5.00     		0 0 0
    NUTTERMCCLENNEN FISHLLP PO BOX
    51400
    BOSTON,MA02205
    KAREN L SHIPLEY DIRECTOR
    5.00     		0 0 0
    1000 ISLAND BLVD 3103
    AVENTURA,FL33160
    JASON R SHIPLEY VICE PRESIDENT
    5.00     		0 0 0
    7901 HISPANOLA AVE 1512
    NORTH BAY VILLAGE,FL33141
    JASON R SHIPLEY DIRECTOR
    5.00     		0 0 0
    7901 HISPANOLA AVE 1512
    NORTH BAY VILLAGE,FL33141
    FEYZA ALTINDAG SHIPLEY DIRECTOR
    5.00     		0 0 0
    3333 POINCIANA AVE
    COCONUT GROVE,FL33133
    ELIZABETH S HUNT DIRECTOR
    5.00     		0 0 0
    220 YALE AVE
    KENSINGTON,CA94708
    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...................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
    GOLDMAN SACHS & CO INVESTMENT EXPENSE 794,880
    200 WEST STREET
    NEW YORK,NY10282
    NUTTER MCCLENNEN & FISH LLP LEGAL FEES 313,573
    155 SEAPORT BLVD
    BOSTON,MA02201
    NUTTER MCCLENNEN & FISH LLP PROFESSIONAL FEES 158,185
    155 SEAPORT BLVD
    BOSTON,MA02201
    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  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    186,131,468
    b
    Average of monthly cash balances.......................
    1b
    1,879,214
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    188,010,682
    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
    188,010,682
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,820,160
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    185,190,522
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    9,259,526
    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
    9,259,526
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    192,644
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    192,644
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    9,066,882
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    750,000
    5
    Add lines 3 and 4............................
    5
    9,816,882
    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
    9,816,882
    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
    9,344,552
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    9,344,552
    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
    9,344,552
    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 9,816,882
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 8,576,856
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 9,344,552
    a Applied to 2019, but not more than line 2a 8,576,856
    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..... 767,696
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		9,049,186
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    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
    BAY AREA COMMUNITY SERVICES
    390 40TH STREET
    OAKLAND,CA94609     		NONE PUBLIC GENERAL OPERATION SUPPORT 25,000
    BEST FRIENDS ANIMAL SOCIETY
    501 ANGEL CANYON RD
    KANAB,UT84741     		NONE PUBLIC FOR SHIPLEY DOG LODGES 1,000,000
    BORN FREE PET SHELTER
    PO BOX 772050
    MIAMI,FL33177     		NONE PUBLIC GENERAL FUND 15,000
    BOSTON MEDICAL CENTER
    ONE BOSTON MEDICAL CENTER PLACE
    BOSTON,MA02118     		NONE PUBLIC ADDICTION FELLOWSHIP PROGRAM 100,000
    BOSTON UNIVERSITY MEDICAL SCHOOL
    ONE SHERBORN STREET
    BOSTON,MA02215     		NONE PUBLIC ANNUAL FUND, PROSTATE CANCER RESEARCH CENTER 400,000
    BRIDGE TO HOPE
    4201 LONG BEACH BLVD SUITE 218-B
    LONG BEACH,CA90807     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    BRIDGE TO TURKIYE
    100 FOX BLAIR LANE
    CARRY,NC27518     		NONE PUBLIC WORK WITH CYDD CESME SCHOLARSHIP PROGRAM 50,000
    BRIDGE TO TURKIYE
    100 FOX BLAIR LANE
    CARRY,NC27518     		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000
    BRIDGE TO TURKIYE
    100 FOX BRIAR LANE
    CARY,NC27518     		NONE PUBLIC TO SUPPORT THE PURCHASE AND DISSEMINATION OF EDUCATIONAL CLASSROOM RESOURCES IN TURKEY 25,000
    CAMILLUS HOUSE
    1603 NW 7TH AVE
    MIAMI,FL33136     		NONE PUBLIC GENERAL FUND 100,000
    CENTER FOR IMMIGRANT ADVANCEMENT
    1109 SW 8TH ST
    MIAMI,FL33130     		NONE PUBLIC GENERAL OPERATING SUPPORT 15,000
    CENTRO CAMPENSINO
    35801 SW 186TH AVE
    HOMESTEAD,FL33034     		NONE PUBLIC FOR GENERAL OPERATING SUPPORT 50,000
    CENTRO LEGAL DE LA RAZA
    3400 E 12TH ST
    OAKLAND,CA94601     		NONE PUBLIC FOR GENERAL OPERATING SUPPORT AND BENEFIT OF OUR FUNDS 50,000
    CHELSEA COLLABORATIVE
    318 BROADWAY
    CHELSEA,MA02150     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER
    3333 BURNET AVENUE
    CINCINNATI,OH45229     		NONE PUBLIC TO SUPPORT FUNDED RESEARCH LED BY JAMES WILLS 250,000
    COCONUT GROVE CARES
    3870 WASHINGTON AVE
    MIAMI,FL33133     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    COLORADO RAPID AVALANCHE DEPLOYMENT
    PO BOX 983
    FRISCO,CO80443     		NONE PUBLIC CAPACITY BUILDING 50,000
    COLORADO STATE UNIVERSITY
    OVAL DRIVE
    FORT COLLINS,CO80523     		NONE PUBLIC SUPPORT OF FACC ONCOLOGY PROJECT 275,000
    COMMUNITY HEALTH FOUNDATION
    478 CORWALL BRIDGE ROAD
    SHARON,CT06069     		NONE PUBLIC FOR COCONUT GROVE HEALTH CENTER 50,000
    DENOVO CENTER FOR JUSTICE AND HEALING
    47 THORNDIKE ST
    CAMBRIDGE,MA02141     		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000
    DUKE UNIVERSITY
    2138 CAMPUS DR
    DURHAM,NC27708     		NONE PUBLIC TO SUPORT FUNDED RESEARCH LED BY STEFANO DI TALIA 250,000
    EARTH ISLAND INSTITUTE
    2150 ALLSTON WAY SUITE 460
    BERKELEY,CA94704     		NONE PUBLIC FOR USE BY FOOD SHILF 25,000
    ENGLISH FOR NEW BOSTONIANS INC
    105 CHAUNCY ST 4TH FL
    BOSTON,MA02111     		NONE PUBLIC MANAGEMENT AND GENERAL EXPENSES 50,000
    ENMPOWER U COMMUNITY HEALTH CENTER
    7900 NW 27TH AVE STE E-12
    MIAMI,FL33147     		NONE PUBLIC TO SUPPORT WORK OF LOTUS HOUSE 50,000
    FAMILY ACTION NETWORK
    1718 SHERMAN AVE STE 201
    EVANSTON,IL60201     		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000
    FARM SHARE
    738 MAIN ST
    WALTHAM,MA02451     		NONE PUBLIC GENERAL OPERATING SUPPORT 75,000
    FEEDING SOUTH FLORIDA
    2501 SW 32ND TERRACE
    PEMBROKE,FL33023     		NONE PUBLIC GERNERAL OPERATING SUPPORT 150,000
    FIDELITY CHARITABLE GIFT FUND
    FEDERAL STREET
    BOSTON,MA02111     		NONE PUBLIC FFC CATALYST FUND 500,000
    FISHER HOUSE FOUNDATION
    111 ROCKVILLE PIKE SUITE 420
    ROCKVILLE,MD20850     		NONE PUBLIC SUPPORT OF FISHER HOUSE CONSTRUCTION 250,000
    FLORIDA IMMIGRANT COALITION
    2800 BISCAYNE BLVD 300
    MIAMI,FL33137     		NONE PUBLIC GENERAL OPERATING SUPPORT 75,000
    FRIENDS OF MIAMI ANIMAL FOUNDATION
    2665 S BAYSHORE DRIVE
    MIAMI,FL33133     		NONE PUBLIC GENERAL FUND 35,450
    FRIENDS OF THE COMMODORE TRAIL
    3109 GRAND AVE 288
    COCONUT GROVE,FL33133     		NONE PUBLIC GENERAL OPERATING SUPPORT 5,225
    HARVARD MEDICAL SCHOOL
    25 SHATTUCK STREET
    BOSTON,MA02115     		NONE PUBLIC BERNARD N. FIELDS PRIZE FOR MICROBIOLOGY AND IMMUNIOBIOLOGY (KAITLIN SCHAEFER PHD) 2,000
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		NONE PUBLIC ANNUAL FUND 25,000
    HIRE HEROES USA
    100 NORTH POINT CENTER EAST STE 200
    ALPHARETTA,GA30022     		NONE PUBLIC MANAGEMENT AND GENERAL EXPENSES 300,000
    HOMES FOR TROOPS
    6 MAIN STREET
    TAUNTON,MA02780     		NONE PUBLIC HOME BUILDING PROJECTS 700,000
    INTERNATIONAL RESCUE COMMITTE
    PO BOX 6068
    ALBERT LEA,MN56007     		NONE PUBLIC FOR WORK IN MIAMI TO COMBAT SUBSTANCE USE 25,000
    JACKSON BEHAVIORAL HEALTH HOSPITAL
    1695 NW 9TH AVE
    MIAMI,FL33136     		NONE PUBLIC PROGRAM TO COMBAT YOUTH SUBSTANCE USE 100,000
    LEE HEALTH
    2776 CLEVELAND AVE
    FORT MYERS,FL33901     		NONE PUBLIC CARDIOTHORACIC CENTER OPERATIONS 25,000
    MA IMMIGRANT & REFUGEE COALITION
    105 CHAUNCY ST SUITE 901
    BOSTON,MA02111     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    MASS DOWN SYNDROME CONGRESS
    20 BURLINGTON MALL RD STE 261
    BURLINGTON,MA01803     		NONE PUBLIC STRENGTHEN INFRASTRUCTURE AND RELATIONSHIPS TO DELEVER DSC2U TO DS PATIENTS WITH LIMITED ACCESS TO SPECIALTY CARE 150,000
    MEMORIAL SLOAN KETTERING CANCER CENTER
    1275 YORK AVENUE
    NEW YORK,NY10065     		NONE PUBLIC PROGRAM FOR INNOVATION IN STEM CELL SCIENCE (SET-ASIDE) 250,000
    MIAMI ANIMAL RESCUE
    13313 SW 124TH ST
    MIAMI,FL33186     		NONE PUBLIC GENERAL OPERATING SUPPORT 7,500
    MIAMI DIAPER BANK
    4770 BISCANYE BLVD SUITE 980
    MIAMI,FL33137     		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000
    MIAMI VETERINARY FOUNDATION
    11622 N KENDALL DR
    MIAMI,FL33176     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    MIAMI-DADE COLLEGE FOUNDATION
    300 NE 2ND AVE 1423
    MIAMI,FL33132     		NONE PUBLIC SUPPORT OF MIAMI-DADE COLLEGE FOOD PANTRIES 50,000
    NATIVE AMERICAN HEALTH CENTER
    2077 CENTRE ST
    WEST ROXBURY,MA02132     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    NEW HOPE CORPS
    1020 N KROME AVE
    HOMESTEAD,FL33030     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    NEWTON WELLESLEY HOSPITAL
    2014 WASHINGTON ST
    NEWTON,MA02462     		NONE PUBLIC COLLABORATIVE FOR HEALTHY FAMILIES AND COMMUNITY 149,400
    NYU SCHOOL OF MEDICINE
    550 1ST AVE
    NEW YORK,NY10016     		NONE PUBLIC TO SUPPORT F=FUNDED RESEARCH LED BY MAYUMI ITO 250,000
    OVERTOWN CHILDREN AND YOUTH COALITION
    1951 NW 7TH AVE
    MIAMI,FL33136     		NONE PUBLIC TO COMBAT SUBSTANCE USE 15,000
    PAWS4YOU RESCUE
    8717 SW 134TH ST
    MIAMI,FL33176     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    PETS FOR VETS INC
    PO BOX 10860
    WILMINGTON,NC28404     		NONE PUBLIC PET MATCHES SUPPLIES FOR NEW CHAPTERS AND PET MEDICAL EXPENSES 20,000
    PINE STREET INN
    330 PINE ST
    WILLIAMSPORT,PA17701     		NONE PUBLIC VETERANS SERVICE AND HOUSING 250,000
    POLITICAL ASYLUM IMMIGRATION REPRESENTATIC
    98 N WASHINGTON ST STE 106
    BOSTON,MA02114     		NONE PUBLIC MANAGEMENT AND GENERAL EXPENSES 50,000
    PROJECT BREAD
    145 BORDER ST
    BOSTON,MA02128     		NONE PUBLIC PROJECT BREAD AND GENERAL OPERATING SUPPORT 75,000
    PURPLE HEART HOMES
    755 WASHINGTON AVE
    STATEVILLE,NC28677     		NONE PUBLIC MANAGEMENT AND GENERAL EXPENSE 12,500
    REBUILDING TOGETHER MIAMI- DADE
    3628 GRAND AVE
    MIAMI,FL33133     		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000
    REFUGEE ASSISTANCE ALLIANCE
    1825 PONCE DE LEON
    CORAL GABLES,FL33134     		NONE PUBLIC GENERAL OPERATING SUPPORT 5,000
    SELF HELP ENTERPRISES
    8445 W ELOWIN CT
    VISALIA,CA93291     		NONE PUBLIC FOR EMERGENCY BOTTLED WATER PROGRAM 35,000
    SOCIAL INNOVATION FORUM
    ONE CONGRESS ST
    BOSTON,MA02114     		NONE PUBLIC GENERAL OPERATING SUPPORT 30,000
    SOUTH FLORIDA BEHAVIORAL HEALTH NETWORK
    7205 NW 19TH ST 200
    MIAMI,FL33126     		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000
    ST ALBAN'S CHILD ENRICHMENT CENTER
    3465 BROOKER ST
    MIAMI,FL33133     		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000
    ST JUDE CHILDREN'S RESEARCH HOSPITAL
    262 DANNY THOMAS PL
    MEMPHIS,TN38105     		NONE PUBLIC PROGRAM FOR INNOVATION IN STEM CELL SCIENCE (SET-ASIDE) 250,000
    ST STEPHEN'S EPIXCOPAL CHURCH
    419 SHAWMUT AVE
    BOSTON,MA02118     		NONE PUBLIC FOR SUPPORT OF AIDS MINISTRY 25,000
    STUDENT'S CLINIC FOR IMMIGRANT JUSTICE
    217 HANOVER ST STE 320
    BOSTON,MA02113     		NONE PUBLIC GENERAL OPERATING EXPENSES 5,000
    SUNDARI FOUNDATION
    217 NW ST
    MIAMI,FL33136     		NONE PUBLIC WUPPORT WORK OF LOTUS HOUSE 75,000
    TEAM RED WHITE AND BLUE
    1110 W PLATT ST
    TAMPA,FL33606     		NONE PUBLIC MANAGEMENT AND GENERAL 75,000
    THE AMERICAN FRIENDS SERVICE COMMITTEE
    1501 CHERRY STREET
    PHILADELPHIA,PA19102     		NONE PUBLIC TO SUPPORT WORK WITH IMMIGRANTS AND REFUGEES IN MIAMI-DADE COUNTY 75,000
    THE WATERSHED PROJECT
    1327 S 46TH BUILDING 155
    RICHMOND,CA94804     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    THELMA GIBSON HEALTH INIATIVE
    3646 GRAND AVE
    COCONUT GROVE,FL33133     		NONE PUBLIC GENERAL OPERATING SUPPORT 35,000
    THIRD SECTOR NEW ENGLAND
    89 SOUTH STREET
    BOSTON,MA02111     		NONE PUBLIC 2020 ANNUAL FUND OF FUTURE CHEFS 35,000
    TRUSTEES OF BOSTON UNIVERSITY
    1113-1115 COMMONWEALTH AVE
    BOSTON,MA02215     		NONE PUBLIC QUESTROM SCHOOL OF BUSSINESS ANNUAL FUND 50,000
    TRUSTEES OF PRINCETON UNIVERSITY
    ONE NASSAU HALL
    PRINCETON,NJ08544     		NONE PUBLIC HELEN HUNT SHIPLEY FUND AND ANNUAL FUND 50,000
    TRUSTEES OF TUFTS COLLEGE
    711 WASHINGTON ST 9
    BOSTON,MA02111     		NONE PUBLIC ANNUAL FUND OF CUMMINGS SCHOOL OF VETERINARY MEDICINE 10,000
    UCLA SCHOOL OF MEDICINE
    10833 LE CONTE AVE
    LOS ANGELES,CA90095     		NONE PUBLIC TO SUPPORT FUNDED RESEARCH LED BY KATHRIN PLATH 250,000
    UNIVERSITY OF MIAMI MILLER SCHOOL OF MEDICINE
    1600 NW 10TH AVE 1140
    MIAMI,FL33136     		NONE PUBLIC FOR PROJECTS ADDRESSING SUBSTANCE USE DISORDER 150,000
    UNIVERSITY OF PENNSYLVANIA
    3451 WALNUT ST
    PHILADELPHIA,PA19104     		NONE PUBLIC TO SUPPORT FUNDED RESEARCH LED BY CHRISTOPHER L LEGNER 250,000
    URBAN FOOD INITIATIVE( DAILY TABLE
    2201 WASHINGTON ST
    ROXBURY,MA02119     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    URBAN OASIS PROJECT
    6870 SW 45TH LN 7
    MIAMI,FL33155     		NONE PUBLIC GENERAL OPERATING SUPPORT 15,000
    VETERANS INC
    69 GROVE ST
    WORCESTER,MA01605     		NONE PUBLIC SUBSTANCE ABUSE TREATMENT PROGRAMS 100,000
    VETERANS LEGAL SERVICES
    PO BOX 8457
    BOSTON,MA02114     		NONE PUBLIC MANAGEMENT AND GENERAL EXPENSES FOR LEGAL CLINICS AND CASE MANAGEMENT 100,000
    VETS HELPING HEROES INC
    PO BOX 540723
    GREENACRES,FL33454     		NONE PUBLIC TRAINING ASSISTANCEDOGS 100,000
    VOICES FOR CHILDREN
    110 DAGGETT AVE
    VINEYARD HAVEN,MA02568     		NONE PUBLIC GENERAL OPERATING SUPPORT 100,000
    WASHINGTON UNIVERSITY
    ONE BROOKINGS DRIVE
    ST LOUIS,MO63130     		NONE PUBLIC PROGRAM FOR INNOVATION IN STEM CELL SCIENCE (SET-ASIDE) 250,000
    Total .................................bullet 3a 9,007,075
    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 3,446  
    4 Dividends and interest from securities....     14 3,198,476  
    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 48,570  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 11,722,882  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 14,973,374 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    14,973,374
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


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

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    SHIPLEY FOUNDATION INC #0755496
     
    Employer identification number

    23-7015570
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    SHIPLEY FOUNDATION INC #0755496
          		Employer identification number
    23-7015570
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    LUCIA H SHIPLEY 1993 REV INDENTURE OF TRUST UNDER ARTICLE 5
     
    155 SEAPORT BLVD
     
    BOSTON, MA02205

    		$ 173,481


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    SHIPLEY FOUNDATION INC #0755496
          		Employer identification number

    23-7015570
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    SHIPLEY FOUNDATION INC #0755496
          		Employer identification number

    23-7015570
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS ACCOUNT #649-5 36,940,839 38,518,360

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS ACCOUNT #653-2 117,459,738 153,716,134

    TY 2020 InvestmentsOtherSchedule2
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SIGULER GUFF BRIC OPPORTUNITIES FUND II, L.P. AT COST 1,028,049 1,028,049
    WEST GULF INVESTMENT STRATEGIES AT COST 34,807,305 34,807,305
    SIGULER GUFF DIST OPPORTUNITIES FUND IV, L.P. AT COST 1,298,690 1,298,690
    BROAD STREET REAL ESTATE CREDIT PARTNERS III OFFSHORE FUND, L.P. AT COST 759,063 759,063
    VINTAGE VII AIV OFFSHORE SCSP AT COST 99,428 99,428

    TY 2020 LegalFeesSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NUTTER MCCLENNEN & FISH LLP 313,573 235,180   78,393


    TY 2020 OtherExpensesSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROAD STREET REAL ESTATE CR PARTNERS 4,756 3,567   1,189
    FILING FEES 500 0   500
    GOLDMAN SACHS 649-5 MANAGEMENT FEES 185,707 139,280   46,427
    GOLDMAN SACHS 653-2 MANAGEMENT FEES 609,173 456,880   152,293
    SIGULER GUFF BRIC OPP FUND II LP 11,232 8,424   2,808
    SIGULER GUFF DIST OPP FUND IV, L.P. 22,909 17,182   5,727
    VINTAGE VII AIV OFFSHORE SCSP 3,970 2,978   992
    WEST GULF INV STRAT 18,410 13,808   4,602


    TY 2020 OtherIncomeSchedule2
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    WEST GULF INV STRAT 40,194 40,194 40,194
    WEST GULF INV STRAT SEC 1231 196 196 196
    SIGULER GUFF BRIC OPPORTUNITY 3,628 3,628 3,628
    BROAD STREET REAL ESTATE PARTNERS III -7,502 -7,502 -7,502
    SIGULER GUFF DIST OPPORTUNITY 1231 GAIN -3 -3 -3
    SIGULAR GUFF DIST OTHER 8,815 8,815 8,815
    SIGULAR GUFF BRIC OPPORTUNITIES 3,242 3,242 3,242


    TY 2020 OtherIncreasesSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Description Amount
    CONTIBUTIONS RETURNED 335,843
    ADVISORY FEE CORRECTION 10,659


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NUTTER MCCLENNEN & FISH LLP 158,185 118,639   39,546
    KONRAD HOCHEDLINGER( SCIENTIFIC ADV FEES) 10,000 7,500   2,500
    HANNO HOCK ( SCIENTIFIC ADV FEES0 10,000 7,500   2,500


    TY 2020 TaxesSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FED EXCISE TAX 50,000 0   0
    FOREIGN TAX PD SIGULER GUFF BRIC 2,098 2,098   0
    FOREIGN TAXES GOLDMAN SACHS 653 47,076 47,076   0
    FOREIGN TAX PD WEST GULF 30 30   0