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
MERCK FAMILY FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 870245
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILTON VILLAGE, MA021870245
A Employer identification number

22-6063382
B Telephone number (see instructions)

(617) 696-3580
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$67,183,634J 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) 274,457
2 Check bullet.............
3 Interest on savings and temporary cash investments 2,798 2,798  
4 Dividends and interest from securities... 682,399 974,181  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 3,278,273
b Gross sales price for all assets on line 6a 16,873,885
7 Capital gain net income (from Part IV, line 2)... 3,095,823
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 605 550,349  
12 Total. Add lines 1 through 11........ 4,238,532 4,623,151  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 338,767 22,823   315,944
14 Other employee salaries and wages...... 30,361 0   30,361
15 Pension plans, employee benefits....... 143,648 9,815   126,321
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 23,350 0   21,850
c Other professional fees (attach schedule).... Click to see attachment 367,418 221,288   146,130
17 Interest...............   51,365    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 66,309 15,462   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 44,713 0   42,237
21 Travel, conferences, and meetings....... 5,453 0   6,288
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 37,284 275,750   20,430
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,057,303 596,503   709,561
25 Contributions, gifts, grants paid....... 4,196,025 3,691,025
26 Total expenses and disbursements. Add lines 24 and 25 5,253,328 596,503   4,400,586
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,014,796
b Net investment income (if negative, enter -0-) 4,026,648
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............. 68,512 97,936 97,936
2 Savings and temporary cash investments......... 1,615,377 1,540,015 1,540,015
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.......... 157,414 94,033 94,033
10a Investments—U.S. and state government obligations (attach schedule) 3,130,066 Click to see attachment4,305,880 4,305,880
b Investments—corporate stock (attach schedule)....... 21,204,394 Click to see attachment26,363,522 26,363,522
c Investments—corporate bonds (attach schedule)....... 2,360,928 Click to see attachment3,123,831 3,123,831
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 32,824,169 Click to see attachment31,502,733 31,502,733
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment5,539 Click to see attachment155,684 Click to see attachment155,684
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 61,366,399 67,183,634 67,183,634
Liabilities 17 Accounts payable and accrued expenses.......... 29,638 40,691
18 Grants payable................. 545,000 1,050,000
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 attachment311,546 Click to see attachment390,210
23 Total liabilities (add lines 17 through 22)......... 886,184 1,480,901
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........... 60,295,823 65,618,562
25 Net assets with donor restrictions............ 184,392 84,171
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 60,480,215 65,702,733
30 Total liabilities and net assets/fund balances (see instructions). 61,366,399 67,183,634
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
60,480,215
2
Enter amount from Part I, line 27a .....................
2
-1,014,796
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,314,768
4
Add lines 1, 2, and 3 ..........................
4
65,780,187
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
77,454
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
65,702,733
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b ADVANCED MICRO DEVICES INC (AMD) 391.000 SHARES D 2019-08-09 2020-09-28
c EXACT SCIENCES CORP (EXAS) 51.000 SHARES D 2019-08-09 2020-09-28
d IRIDIUM COMMUNICATIONS INC (IRDM) 85.000 SHARES D 2019-05-09 2020-09-28
e IRIDIUM COMMUNICATIONS INC (IRDM) 52.000 SHARES D 2019-03-29 2020-09-28
APPLE INC (AAPL) 12.000 SHARES D 2019-05-09 2020-09-28
APPLE INC (AAPL) 36.000 SHARES D 2019-05-09 2020-10-08
MICROSOFT CORP (MSFT) 125.000 SHARES D 2019-08-09 2020-09-28
MICROSOFT CORP (MSFT) 50.000 SHARES D 2020-10-02 2020-10-08
T. ROWE PRICE LARGE-CAP GROWTH FUND CL I (TRLGX) 4,750.000 SHARS D 2020-10-08 2020-10-09
NVIDIA CORP (NVDA) 40.000 SHARES D 2019-08-09 2020-09-28
NVIDIA CORP (NVDA) 6.000 SHARES D 2019-03-29 2020-09-28
PTC THERAPEUTICS INC (PTCT) 28.000 SHARES D 2019-08-09 2020-09-28
RINGCENTRAL INC CL A (RNG) 19.000 SHARES D 2019-08-09 2020-09-28
SAREPTA THERAPEUTICS INC (SRPT) 51.000 SHARES D 2019-08-09 2020-09-28
THRU SCHEDULE K-1S, NET OF UBI P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 16,486,939   15,146,775 1,340,164
b 30,944   778 30,166
c 5,119   792 4,327
d 2,136   738 1,398
e 1,307   700 607
1,365   370 995
4,128   1,111 3,017
26,136   1,890 24,246
10,501   1,382 9,119
267,785   29,660 238,125
20,730   899 19,831
3,109   283 2,826
1,331   199 1,132
5,076   348 4,728
7,279   691 6,588
      1,408,554
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       1,340,164
b       30,166
c       4,327
d       1,398
e       607
      995
      3,017
      24,246
      9,119
      238,125
      19,831
      2,826
      1,132
      4,728
      6,588
      1,408,554
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 3,095,823
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 55,970
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 55,970
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 55,970
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 136,924
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.............. 7 136,924
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 80,954
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet80,954 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, NJ
    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.MERCKFF.ORG
    14
    The books are in care ofbulletJAMES MAGUIRE CFO Telephone no.bullet (617) 696-3580

    Located atbullet95 ELIOT STREET SUITE 2MILTONMA ZIP+4bullet021863033
    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
     
    No
    ........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
    ELIZA HATCH TRUSTEE, PRESIDENT
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    GEORGE WHITRIDGE TRUSTEE, VICE PRES (BEGAN 02/01/2020)
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    NATHANIEL CHAMBERLIN TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    OONA COY TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    OLIVIA FARR TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    IAN HATCH TRUSTEE (BEGAN 02/01/2020)
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    SUSANNAH HATCH TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    KATHARINE CHAMBERLIN MATYS TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    WILHELM MERCK TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    MORGAN WHITRIDGE TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    PATIENCE CHAMBERLIN TRUSTEE (TERM ENDED 02/01/2020)
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    FRIEDRIKE MERCK TRUSTEE (TERM ENDED 02/01/2020)
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    JOSIE MERCK TREASURUER
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    WILHELM MERCK JR SECRETARY
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    JENNY RUSSELL EXECUTIVE DIRECTOR
    40.00     		221,075 75,495 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    JAMES MAGUIRE CHIEF FINANCIAL OFFICER
    40.00     		117,692 44,633 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    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
    FORTIGENT INVESTMENT MANAGEMENT FEES 107,341
    75 STATE STREET
    BOSTON,MA021091827
    PATHSTONE FEDERAL STREET ADVISORS INVESTMENT ADVISOR 85,000
    24 FEDERAL STREET SUITE 800
    BOSTON,MA021102540
    RUTH GOLDMAN PROGRAM CONSULTANT 74,909
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    ENO CENTER FOR TRANSPORTATION RESEARCH CONSULTANT 70,000
    1629 K STREET NW SUITE 200
    WASHINGTON,DC200061629
    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
    56,157,008
    b
    Average of monthly cash balances.......................
    1b
    2,881,990
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    59,038,998
    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
    59,038,998
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    885,585
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    58,153,413
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    2,907,671
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    2,907,671
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    55,970
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    55,970
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    2,851,701
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    528
    5
    Add lines 3 and 4............................
    5
    2,852,229
    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
    2,852,229
    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
    4,400,586
    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
    4,400,586
    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
    4,400,586
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 2,852,229
    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...... 566,765
    b From 2016...... 942,406
    c From 2017...... 728,793
    d From 2018...... 844,211
    e From 2019...... 792,593
    fTotal of lines 3a through e........ 3,874,768
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,400,586
    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..... 2,852,229
    e Remaining amount distributed out of corpus 1,548,357
    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 5,423,125
    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) ...     		566,765
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		4,856,360
    10 Analysis of line 9:
    a Excess from 2016.... 942,406
    b Excess from 2017.... 728,793
    c Excess from 2018.... 844,211
    d Excess from 2019.... 792,593
    e Excess from 2020.... 1,548,357
    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 e-mail address of the person to whom applications should be addressed:
    MERCK FAMILY FUND ATTN JAMES MAGUIR
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    (617) 696-3580
    bThe form in which applications should be submitted and information and materials they should include:
    STEP 1 - LETTER OF INQUIRY USING THE ONLINE APPLICATION; STEP 2 - FULL PROPOSAL USING THE ONLINE APPLICATION SYSTEM
    cAny submission deadlines:
    FEBRUARY 1 AND AUGUST 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS MADE ONLY TO ORGANIZATIONS THAT ARE TAX EXEMPT
    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
    ACADIA CENTER
    PO BOX 583
    ROCKPORT,ME048560583     		N/A PC ADVANCING ENERGY EFFICIENCY IN NEW ENGLAND 100,000
    ACLU PA
    PO BOX 60173
    PHILADELPHIA,PA191020173     		N/A PC VOTING RIGHTS & ELECTION PROTECTION 25,000
    AMERICAN COUNCIL FOR AN ENERGY-EFFICIENT ECONOMY
    529 14TH STREET NW SUITE 600
    WASHINGTON,DC200451802     		N/A PC EMPOWERING STATE LEADERSHIP ON ENERGY EFFICIENCY IN THE SOUTHEAST 70,000
    AMERICAN RIVERS INC
    1101 14TH STREET NW SUITE 1400
    WASHINGTON,DC200092637     		N/A PC CONSERVE AND RESTORE HABITAT FOR NATIVE AQUATIC ORGANISMS IN THE LITTLE TENNESSEE RIVER BASIN 40,000
    BIODIVERSITY FUNDERS GROUP
    PO BOX 29361
    SAN FRANCISCO,CA941290361     		N/A PC 2020 MEMBERSHIP GRANT 5,000
    BLUEPRINT NORTH CAROLINA
    3125 POPLARWOOD COURT SUITE 300
    RALEIGH,NC276046445     		N/A PC VOTER EDUCATION, REGISTRATION, AND GOVERNMENT EFFORTS ACROSS THE STATE 25,000
    BLUEPRINT NORTH CAROLINA
    3125 POPLARWOOD COURT SUITE 300
    RALEIGH,NC276046445     		N/A PC SCALING FOR REMOTE CIVIC ENGAGEMENT 50,000
    BREAD AND ROSES
    58 NEWBURY STREET
    LAWRENCE,MA018401714     		N/A PC THE GIVING PROJECT TO BUILD LOCAL LEADERSHIP AND FUNDING FOR SOCIAL JUSTICE 50,000
    CASA DE MARYLAND INC
    8151 15TH AVENUE
    HYATTSVILLE,MD207833501     		N/A PC VOTER OUTREACH, EDUCATION, AND REGISTRATION EFFORTS IN THE LATINO COMMUNITY IN SOUTHEASTERN PENNSYLVANIA 25,000
    CERES INC
    99 CHAUNCY STREET 6TH FLOOR
    BOSTON,MA021111703     		N/A PC MOBILIZING CORPORATE ENERGY USERS TO INCREASE ENERGY EFFICIENCY 75,000
    CLEAN ENERGY GROUP INC
    50 STATE STREET SUITE 1
    MONTPELLER,VT056022957     		N/A PC ADVANCING BATTERY STORAGE AND RENEWABLES FOR PEAKER POWER PLANT REPLACEMENT IN NEW YORK CITY 25,000
    CLEAN WATER FUND
    88 BROAD STREET LOWER LEVEL
    BOSTON,MA021103407     		N/A PC EQUITY AND THE TCI: MODELING SOLUTIONS THAT CENTER OVERBURDENED COMMUNITIES 35,000
    CONFLUENCE PHILANTHROPY
    475 10TH AVENUE 14TH FLOOR
    NEW YORK,NY100189715     		N/A PC 2020 MEMBERSHIP GRANT 1,500
    CONSERVATION LAW FOUNDATION INC
    62 SUMMER STREET
    BOSTON,MA021101008     		N/A PC ADVANCING STATE-BASED DECARBONIZATION STRATEGIES 50,000
    CONSERVATION LAW FOUNDATION INC
    62 SUMMER STREET
    BOSTON,MA021101008     		N/A PC FARM AND FOOD INITIATIVE 30,000
    DEMOCRACY NORTH CAROLINA
    3000 AERIAL CENTER PARKWAY SUITE
    160
    MORRISVILLE,NC275609132     		N/A PC GENERAL SUPPORT 25,000
    DOGWOOD ALLIANCE INC
    PO BOX 7645
    ASHEVILLE,NC288027645     		N/A PC WETLAND FOREST PROTECTION IN THE SOUTHERN US COASTAL PLAIN 25,000
    DUKE UNIVERSITY
    PO BOX 90335
    DURHAM,NC277080335     		N/A PC SOUTHEAST ENERGY AND ENVIRONMENTAL LEADERSHIP FORUM: USING EE TO ADDRESS ENERGY INSECURITY 75,000
    ENERGY & ENTERPRISE INITIATIVE
    GEORGE MASON UNIVERSITY 4400
    UNIVERSITY DRIVE MS 6A8
    FAIRFAX,VA220304422     		N/A PC GENERAL SUPPORT 40,000
    ENVIRONMENTAL ADVOCATES NY INC
    353 HAMILTON STREET
    ALBANY,NY122101709     		N/A PC CARBON PRICING FOR NEW YORK'S CLIMATE ACTION PLAN 20,000
    ENVIRONMENTAL AND ENERGY STUDY INSTITUTE
    1020 19TH STREET NW SUITE 650
    WASHINGTON,DC200366119     		N/A PC EQUITABLE ACCESS TO ENERGY EFFICIENCY FOR RURAL HOUSEHOLDS 25,000
    ENVIRONMENTAL DEFENSE FUND
    257 PARK AVENUE SOUTH 17TH FLOOR
    NEW YORK,NY100107386     		N/A PC CATALYZING A CARBON MARKET IN OREGON 60,000
    ENVIRONMENTAL GRANTMAKERS ASSOCIATION
    475 RIVERSIDE DRIVE SUITE 960
    NEW YORK,NY101151001     		N/A PC 2020 MEMBERSHIP GRANT 8,525
    ENVIRONMENTAL INTEGRITY PROJECT
    1000 VERMONT AVENUE NW SUITE 1100
    WASHINGTON,DC200054939     		N/A PC BUILDING AND LEADING A COALITION TO COMBAT THE RAPIDLY EXPANDING WOOD BIOMASS INDUSTRY 25,000
    ENVIRONMENTAL PAPER NETWORK
    PO BOX 7091
    ASHEVILLE,NC288027091     		N/A PC GENERAL SUPPORT 40,000
    EQUITY ADVOCATES INC
    495A HENRY STREET 312
    BROOKLYN,NY112313012     		N/A PC BUILDING POWER AND POLITICAL EDUCATION WITHIN THE NYC FOOD JUSTICE YOUTH COMMUNITY 20,000
    FEDERATION OF NEIGHBORHOOD CENTERS INC
    1901 SOUTH 9TH STREET
    PHILADELPHIA,PA191482384     		N/A PC COMMUNITY LEARNING FARM OF FEDERATION OF NEIGHBORHOOD CENTERS INC. 20,000
    FRANKLIN COUNTY COMMUNITY DEVELOPMENT CORPORATION
    324 WELLS STREET
    GREENFIELD,MA013011636     		N/A PC URBAN AGRICULTURE TASK FORCE 15,000
    FRANKLIN COUNTY COMMUNITY
    324 WELLS STREET
    GREENFIELD,MA013011636     		N/A PC GENERAL SUPPORT 40,000
    FUND FOR PHILADELPHIA INC
    1515 ARCH STREET 13TH FLOOR
    PHILADELPHIA,PA191021504     		N/A PC RESPONDING TO COVID-19 AND PLANNING FOR A MORE RACIALLY JUST AND RESILIENT PHILADELPHIA FOOD SYSTEM 30,000
    FUNDERS NETWORK FOR SMART GROWTH
    6705 SW 57TH AVENUE SUITE 700
    CORAL GABLES,FL331433649     		N/A PC 2020 MEMBERSHIP GRANT 5,000
    GEORGETOWN UNIVERSITY
    600 NEW JERSEY AVENUE NW
    WASHINGTON,DC200012022     		N/A PC GENERAL SUPPORT 45,000
    GREEN CITY FORCE
    630 FLUSHING AVENUE 8TH FLOOR
    BROOKLYN,NY112065768     		N/A PC FARMS AT NYCHA 25,000
    GREEN GUERILLAS INC
    232 EAST 11TH STREET
    NEW YORK,NY100037301     		N/A PC GENERAL SUPPORT 25,000
    GREENROOTS INC
    227 MARGINAL STREET SUITE 1
    CHELSEA,MA021503538     		N/A PC SUPPORTING A PIPELINE OF YOUNG URBAN FARMERS TO ADDRESS FOOD INSECURITY IN CHELSEA 20,000
    GROUNDWORK LAWRENCE INC
    60 ISLAND STREET
    LAWRENCE,MA018401835     		N/A PC CULTIVATING LAWRENCE LEADERS OF TOMORROW THROUGH URBAN FARMING, EMPLOYMENT & LEADERSHIP DEVELOPMENT 30,000
    GROUNDWORK SOMERVILLE INC
    337 SOMERVILLE AVENUE 2B
    SOMERVILLE,MA021432914     		N/A PC GENERAL SUPPORT 25,000
    GROUNDWORK SOUTHCOAST
    1285 ACUSHNET AVENUE
    NEW BEDFORD,MA027462020     		N/A PC URBAN FARMING WITHIN A SOCIAL JUSTICE FRAMEWORK TO EMPOWER YOUTH IN THE SOUTH COAST OF MASSACHUSETTS 25,000
    HALEY HOUSE INC
    23 DARTMOUTH STREET
    BOSTON,MA021165912     		N/A PC HALEY HOUSES URBAN FARMING PROGRAM 15,000
    HARLEM GROWN INC
    127 WEST 127TH STREET 201
    NEW YORK,NY100273723     		N/A PC HARLEM GROWN YOUTH LEADERSHIP PROGRAMMING 20,000
    IN OUR BACKYARDS INC (IOBY)
    400 RUGBY ROAD
    BROOKLYN,NY112265672     		N/A PC GENERAL SUPPORT 10,000
    INSTITUTE FOR POLICY INTEGRITY AT NEW YORK UNIVERSITY SCHOOL OF LAW
    139 MACDOUGAL STREET THIRD FLOOR
    NEW YORK,NY100121076     		N/A PC CARBON PRICING IN ORGANIZED WHOLESALE ENERGY MARKETS 50,000
    JOHN BARTRAM ASSOCIATION
    5400 LINDBERGH BOULEVARD
    PHILADELPHIA,PA191436128     		N/A PC YOUTH-LED AGRICULTURE AND LOCAL FOOD SOVEREIGNTY AT THE SANKOFA COMMUNITY FARM AT BARTRAM'S GARDEN 25,000
    KEYSTONE RESEARCH CENTER
    412 NORTH 3RD STREET
    HARRISBURG,PA171011346     		N/A PC VOTER REGISTRATION PROGRAMS AND GOVERNMENT IN PENNSYLVANIA 50,000
    LA COMUNIDAD INC
    471 BROADWAY SUITE 1
    EVERETT,MA021493640     		N/A PC 2020 NORTHERN STRAND COMMUNITY FARM YOUTH CREW 20,000
    LAND TRUST ALLIANCE INCORPORATED
    1250 H ST NW SUITE 600
    WASHINGTON,DC200053952     		N/A PC ADDRESSING CLIMATE CHANGE THROUGH LAND CONSERVATION 35,000
    LIVABLESTREETS
    70 PACIFIC STREET
    CAMBRIDGE,MA021394204     		N/A PC GENERAL SUPPORT 40,000
    LOCAL ENTERPRISE ASSISTANCE FUND INC
    386 WESTERN AVENUE
    BOSTON,MA021351011     		N/A PC THE MASSACHUSETTS FOOD TRUST PROGRAM 25,000
    MAGNOLIA TREE EARTH CENTER OF BEDFORD STUYVESANT INC
    677 LAFAYETTE AVENUE
    BROOKLYN,NY112161009     		N/A PC GENERAL SUPPORT 25,000
    MAJORITY ACTION
    PO BOX 4831
    SILVER SPRING,MD209044831     		N/A PC DEEP DECARBONIZATION OF THE ELECTRIC UTILITY SECTOR - AN INVESTOR STRATEGY 35,000
    MAKE THE ROAD NY
    347 NORTH 8TH STREET
    ALLENTOWN,PA181023228     		N/A PC CREATING STREETS AND COMMUNITIES THAT ARE SAFE, VIBRANT, AND WELL-CONNECTED 25,000
    MILL CITY GROWS INC
    650 SUFFOLK STREET SUITE G10
    LOWELL,MA018543639     		N/A PC YOUTH EDUCATION AND ENGAGEMENT AT THE URBAN FARM 25,000
    NATIONAL VOTE AT HOME INSTITUTE
    PO BOX 65752
    WASHINGTON,DC200355752     		N/A PC GENERAL SUPPORT 50,000
    NATURAL RESOURCES DEFENSE COUNCIL INC
    40 WEST 20TH STREET
    NEW YORK,NY100114211     		N/A PC PROTECTING FORESTS FROM DIRTY AND DESTRUCTIVE BIOENERGY 40,000
    NATURE'S GARDEN FOR VICTORY AND PEACE INC
    1709 BENJAMIN FRANKLIN PARKWAY 2ND
    FLOOR
    PHILADELPHIA,PA191031206     		N/A PC GENERAL SUPPORT 25,000
    NEW FLORIDA MAJORITY EDUCATION FUND
    10800 BISCAYNE BOULEVARD SUITE 1050
    MIAMI,FL331617566     		N/A PC VOTER EMPOWERMENT IN COMMUNITIES OF COLOR THROUGH VOTER EDUCATION AND VOTER PROTECTION 50,000
    NEW GEORGIA PROJECT
    830 GLENWOOD AVENUE SE SUITE
    510-221
    ATLANTA,GA303161966     		N/A PC VOTER REGISTRATION, EDUCATION, AND GOVERNMENT EFFORTS IN THE STATE OF GEORGIA 39,000
    NEW VENTURES FUND
    1201 CONNECTICUT AVENUE NW SUITE
    300
    WASHINGTON,DC200362611     		N/A PC SUPPORTING PREPARATIONS FOR, AND RESPONSES TO, HIGH-RISK THREATS TO ELECTION INTEGRITY 50,000
    NEW YORK LAWYERS FOR THE PUBLIC INTEREST INC
    151 WEST 30TH STREET 11TH FLOOR
    NEW YORK,NY100014017     		N/A PC PEAK CAMPAIGN 100,000
    NORRIS SQUARE NEIGHBORHOOD PROJECT
    2141 NORTH HOWARD STREET
    PHILADELPHIA,PA191221712     		N/A PC EMPOWERING YOUNG FARMERS IN NSNPS URBAN GARDENS 20,000
    NORTH STAR FUND INC
    520 8TH AVENUE SUITE 2203
    NEW YORK,NY100186656     		N/A PC COMMUNITY FOOD FUNDERS 25,000
    NORTH STAR FUND
    520 8TH AVENUE SUITE 2203
    NEW YORK,NY100186656     		N/A PC NEW YORK COVID-19 IMPACT ON FOOD SYSTEM COLLABORATIVE PROJECT 15,000
    NORTHEAST ENERGY EFFICIENCY PARTNERSHIPS INC
    81 HARTWELL AVENUE
    LEXINGTON,MA024213160     		N/A PC GENERAL SUPPORT 75,000
    NUBIAN UNITED BENEVOLENT INTERNATIONAL ASSOCIATION
    98 REGENT STREET
    ROXBURY,MA021191905     		N/A PC NUBIA SEED & YIELD 15,000
    OREGON ENVIRONMENTAL COUNCIL
    222 NW DAVIS STREET SUITE 309
    PORTLAND,OR972093900     		N/A PC OREGON CARBON PRICING AND CLIMATE PROTECTION CAMPAIGN 50,000
    ORGANIZING EMPOWERMENT FUND
    2800 ROYAL AVENUE SUITE 204
    MONONA,WI537131518     		N/A PC GENERAL SUPPORT FOR WORK IN NORTH CAROLINA AND PENNSYLVANIA 25,000
    OUR CLIMATE EDUCATION FUND
    PO BOX 221012
    SEATTLE,WA981021012     		N/A PC CARBON PRICING YOUTH ENGAGEMENT IN THE NORTHEAST 20,000
    PENNSYLVANIA HORTICULTURAL SOCIETY
    100 NORTH 20TH STREET
    PHILADELPHIA,PA191031495     		N/A PC ADVANCING LONG-TERM SUSTAINABILITY OF COMMUNITY GARDENS IN PHILADELPHIA 20,000
    PHILANTHROPY MASSACHUSETTS INC
    55 COURT STREET SUITE 520
    BOSTON,MA021082104     		N/A PC 2020 MEMBERSHIP GRANT 3,000
    POWER
    1429 NORTH 11TH STREET
    PHILADELPHIA,PA191223410     		N/A PC VOTER PROTECTION, GOVERNMENT, AND VOTER PROTECTION STRATEGIES IN PENNSYLVANIA 25,000
    PROJECT BREAD - THE WALK FOR HUNGER INC
    145 BORDER STREET
    EAST BOSTON,MA021281903     		N/A PC ENSURING THE EMERGENCY FOOD SYSTEM IS ADAPTED, IMPROVED, AND ACCELERATED 25,000
    PUBLIC INTEREST LAW CENTER OF PENNSYLVANIA
    1709 BEN FRANKLIN PARKWAY 2ND FLOOR
    PHILADELPHIA,PA191031206     		N/A PC GENERAL SUPPORT 25,000
    RED HOOK INITIATIVE
    767 HICKS STREET
    BROOKLYN,NY112312505     		N/A PC RED HOOK FARMS 25,000
    REGIONAL ENVIRONMENTAL COUNCIL INC
    9 CASTLE STREET
    WORCESTER,MA016136404     		N/A PC YOUTHGROW (YOUTH GROWING ORGANICS IN WORCESTER) 35,000
    RESOURCES FOR THE FUTURE INC
    1616 P STREET NW SUITE 600
    WASHINGTON,DC200361436     		N/A PC CARBON PRICING INITIATIVE 30,000
    RESOURCES FOR THE FUTURE
    1616 P STREET NW SUITE 600
    WASHINGTON,DC200361436     		N/A PC EXPANDING CARBON MARKETS TO TRANSPORTATION 33,500
    RISEBORO COMMUNITY PARTNERSHIP INC
    565 BUSHWICK AVENUE
    BROOKLYN,NY112064628     		N/A PC BUSHWICK GROWS COMMUNITY FARM 20,000
    ROCKAWAY YOUTH TASK FORCE INC
    1920 MOTT AVENUE SUITE 5
    FAR ROCKAWAY,NY116914106     		N/A PC ROCKAWAY YOUTH TASK FORCE FOOD JUSTICE PROJECT 25,000
    ROCKY MOUNTAIN INSTITUTE
    2490 JUNCTION PLACE
    BOULDER,CO803012167     		N/A PC SOLARAPP 85,000
    ROOTS RISING INC
    PO BOX 1805
    PITTSFIELD,MA012021805     		N/A PC INCREASE THE SCALE AND IMPACT OF OUR YOUTH DEVELOPMENT AND FOOD ACCESS WORK 20,000
    SOUTH CAROLINA COASTAL CONSERVATION LEAGUE INC
    131 SPRING STREET
    CHARLESTON,SC294036739     		N/A PC 2020-2022 ENERGY & CLIMATE PROGRAM SUPPORT 40,000
    SOUTHEAST ASIAN COALITION OF CENTRAL MASS INC
    484 MAIN STREET SUITE 400
    WORCESTER,MA016081817     		N/A PC SOUTHEAST ASIAN INTERGENERATIONAL URBAN FARMING AND YOUTH LEADERSHIP 15,000
    SOUTHERN ALLIANCE FOR CLEAN ENERGY
    PO BOX 1842
    KNOXVILLE,TN379011842     		N/A PC PROMOTING ENERGY EFFICIENCY IN THE SOUTHEAST 100,000
    SOUTHERN COALITION FOR SOCIAL JUSTICE
    1415 WEST NC HIGHWAY 54 SUITE 101
    DURHAM,NC277075598     		N/A PC 2020 ELECTION PROTECTION 25,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    201 WEST MAIN STREET SUITE 14
    CHARLOTTESVILLE,VA229025064     		N/A PC PROMOTING ENERGY EFFICIENCY AS THE FIRST ENERGY RESOURCE OF THE SOUTHEAST 150,000
    SOUTHERN POWER FUND
    1959 HIGHLANDER WAY
    NEW MARKET,TN378204939     		N/A PC SOUTHERN POWER FUND MATCHING GRANT 50,000
    SPRINGFIELD PARTNERS FOR COMMUNITY ACTION INC
    721 STATE STREET
    SPRINGFIELD,MA011094109     		N/A PC MA URBAN AG WORKING GROUP & PRODUCTION SCHOOL GARDENS 10,000
    STAND
    548 MARKET STREET SUITE 74196
    SAN FRANCISCO,CA941045401     		N/A PC DRIVING THE MARKET TOWARD RESPONSIBLE PAPER PURCHASING PRACTICES 40,000
    SUSTAINABLE AGRICULTURE AND FOOD SYSTEMS FUNDERS
    133 EAST DE LA GUERRA 306
    SANTA BARBARA,CA931012228     		N/A PC 2020 MEMBERSHIP GRANT 5,500
    SUSTAINABLE MARKETS FOUNDATION
    502 EAST COTATI AVENUE UNIT 7014
    COTATI,CA949311214     		N/A PC CIVIL EATS URBAN FARMING AND YOUTH LEADERSHIP PROJECT 10,000
    THE CAMPAIGN AGAINST HUNGER INC
    PO BOX 330532
    BROOKLYN,NY112330532     		N/A PC GREEN TEENS INTERNSHIP PROGRAM 25,000
    THE FOOD PROJECT INC
    10 LEWIS STREET
    LINCOLN,MA017733816     		N/A PC CULTIVATING YOUTH LEADERSHIP THROUGH SUSTAINABLE AGRICULTURE 25,000
    THE PUBLIC INTEREST LAW CENTER
    1709 BENJAMIN FRANKLIN PARKWAY 2ND
    FLOOR
    PHILADELPHIA,PA191031206     		N/A PC GARDEN JUSTICE LEGAL INITIATIVE 25,000
    TIDES CENTER
    PO BOX 2247
    KINGSTON,NY124022247     		N/A PC YOUTH & URBAN AG AT THE 2020 NESAWG CONFERENCE + NESAWG POLICY WORK + UPDATED/EXPANDED ITAR PAPER 25,000
    TIDES FOUNDATION
    PO BOX 29903
    SAN FRANCISCO,CA941290903     		N/A PC TRANSFORMING THE PACKAGING SUPPLY CHAIN TO PROTECT THE WORLDS FORESTS 70,000
    TRANSITMATTERS
    62 SUMMER STREET
    BOSTON,MA021101008     		N/A PC RESILIENTTRANSIT- RESPONDING TO COVID AND BUILDING A BETTER SERVICE 25,000
    TRANSPORTATION FOR AMERICA
    1152 15TH STREET NW SUITE 450
    WASHINGTON,DC200051871     		N/A PC PROTECTING AND EXPANDING TRANSIT THROUGH COVID-19 AND ECONOMIC RECOVERY 50,000
    TRUST FOR PUBLIC LAND
    6 BEACON STREET SUITE 615
    BOSTON,MA021083826     		N/A PC SOUTHERN APPALACHIAN CONSERVATION FINANCE INITIATIVE 40,000
    TSNE MISSIONWORKS
    PO BOX 90774
    SPRINGFIELD,MA011390774     		N/A PC GENERAL SUPPORT 30,000
    UNION OF CONCERNED SCIENTISTS
    2 BRATTLE SQUARE
    CAMBRIDGE,MA021383780     		N/A PC REPORT ON RURAL TRANSPORTATION OPPORTUNITIES AND CHALLENGES IN FOUR NORTHEASTERN STATES 45,000
    UNION OF CONCERNED SCIENTISTS
    2 BRATTLE SQUARE SUITE 6
    CAMBRIDGE,MA021383780     		N/A PC ADVANCING A REGIONAL CAP AND INVEST PROGRAM FOR A CLEAN, EQUITABLE TRANSPORTATION SYSTEM 50,000
    UNITED COMMUNITY CENTERS INC
    613 NEW LOTS AVENUE
    BROOKLYN,NY112077214     		N/A PC EAST NEW YORK FARMS! 50,000
    UPSTATE FOREVER
    507 PETTIGRU STREET
    GREENVILLE,SC296013116     		N/A PC AMPLIFYING THE UPSTATE SOUTH CAROLINA ENERGY EFFICIENCY VOICE 15,000
    URBAN AFFAIRS COALITION
    320 WEST OREGON AVENUE SUITE 3C-1
    PHILADELPHIA,PA191484710     		N/A PC RESILIENT ROOTS FARM PROGRAM 25,000
    URBAN FARMING INSTITUTE OF BOSTON INC
    487R NORFOLK STREET
    MATTAPAN,MA021262344     		N/A PC GENERAL SUPPORT 30,000
    URBAN SUSTAINABILITY DIRECTORS NETWORK
    9 VON RUCK TERRACE
    ASHEVILLE,NC288012027     		N/A   SUPPORT FOR SUSTAINABLE ENERGY IN THE TENNESSEE VALLEY 30,000
    URBAN TREE CONNECTION
    1445 NORTH 52ND STREET
    PHILADELPHIA,PA191314435     		N/A PC YOUTH APPRENTICESHIP PROGRAM 25,000
    VERMONT PUBLIC INTEREST RESEARCH AND EDUCATION FUND INC
    141 MAIN STREET SUITE 6
    MONTPELIER,VT056022916     		N/A PC ENERGY INDEPENDENT VERMONT 15,000
    Total .................................bullet 3a 3,691,025
    bApproved for future payment
    ACADIA CENTER
    PO BOX 583
    ROCKPORT,ME048560583     		N/A PC ADVANCING ENERGY EFFICIENCY IN NEW ENGLAND 100,000
    AMERICAN COUNCIL FOR AN ENERGY-EFFICIENT ECONOMY
    529 14TH STREET NW SUITE 600
    WASHINGTON,DC200451802     		N/A PC EMPOWERING STATE LEADERSHIP ON ENERGY EFFICIENCY IN THE SOUTHEAST 70,000
    CERES INC
    99 CHAUNCY STREET 6TH FLOOR
    BOSTON,MA021111703     		N/A PC MOBILIZING CORPORATE ENERGY USERS TO INCREASE ENERGY EFFICIENCY 75,000
    FRANKLIN COUNTY COMMUNITY DEVELOPMENT CORPORATION
    324 WELLS STREET
    GREENFIELD,MA013011636     		N/A PC GENERAL SUPPORT 40,000
    GROUNDWORK LAWRENCE INC
    60 ISLAND STREET
    LAWRENCE,MA018401835     		N/A PC CULTIVATING LAWRENCE LEADERS OF TOMORROW THROUGH URBAN FARMING, EMPLOYMENT & LEADERSHIP DEVELOPMENT 30,000
    MAGNOLIA TREE EARTH CENTER OF BEDFORD STUYVESANT INC
    677 LAFAYETTE AVENUE
    BROOKLYN,NY112161009     		N/A PC GENERAL SUPPORT 25,000
    NATURAL RESOURCES DEFENSE COUNCIL INC
    40 WEST 20TH STREET
    NEW YORK,NY100114211     		N/A PC PROTECTING FORESTS FROM DIRTY AND DESTRUCTIVE BIOENERGY 40,000
    NATURE'S GARDEN FOR VICTORY AND PEACE INC
    1709 BENJAMIN FRANKLIN PARKWAY 2ND
    FLOOR
    PHILADELPHIA,PA191031206     		N/A PC ADDRESSING CLIMATE CHANGE THROUGH LAND CONSERVATION 35,000
    NEW YORK LAWYERS FOR THE PUBLIC INTEREST INC
    151 WEST 30TH STREET 11TH FLOOR
    NEW YORK,NY100014017     		N/A PC PEAK CAMPAIGN 100,000
    NORTHEAST ENERGY EFFICIENCY PARTNERSHIPS INC
    81 HARTWELL AVENUE
    LEXINGTON,MA024213160     		N/A PC GENERAL SUPPORT 75,000
    SOIL GENERATION
    1709 BENJAMIN FRANKLIN PARKWAY 2ND
    FLOOR
    PHILADELPHIA,PA191031206     		N/A PC GENERAL SUPPORT 25,000
    SOUTH CAROLINA COASTAL CONSERVATION LEAGUE INC
    131 SPRING STREET
    CHARLESTON,SC294036739     		N/A PC 2020-2022 ENERGY & CLIMATE PROGRAM SUPPORT 40,000
    SOUTHERN ALLIANCE FOR CLEAN ENERGY
    PO BOX 1842
    KNOXVILLE,TN379011842     		N/A PC PROMOTING ENERGY EFFICIENCY IN THE SOUTHEAST 100,000
    THE CAMPAIGN AGAINST HUNGER INC
    PO BOX 330532
    BROOKLYN,NY112330532     		N/A PC GREEN TEENS INTERNSHIP PROGRAM 25,000
    TIDES FOUNDATION
    PO BOX 29903
    SAN FRANCISCO,CA941290903     		N/A PC TRANSFORMING THE PACKAGING SUPPLY CHAIN TO PROTECT THE WORLDS FORESTS 70,000
    TRANSPORTATION FOR AMERICA
    1152 15TH STREET NW SUITE 450
    WASHINGTON,DC200051871     		N/A PC PROTECTING AND EXPANDING TRANSIT THROUGH COVID-19 AND ECONOMIC RECOVERY 50,000
    TRUST FOR PUBLIC LAND
    6 BEACON STREET SUITE 615
    BOSTON,MA021083826     		N/A PC SOUTHERN APPALACHIAN CONSERVATION FINANCE INITIATIVE 40,000
    TSNE MISSIONWORKS
    PO BOX 90774
    SPRINGFIELD,MA011390774     		N/A PC GENERAL SUPPORT 30,000
    UNION OF CONCERNED SCIENTISTS
    2 BRATTLE SQUARE SUITE 6
    CAMBRIDGE,MA021383780     		N/A PC ADVANCING A REGIONAL CAP AND INVEST PROGRAM FOR A CLEAN, EQUITABLE TRANSPORTATION SYSTEM 50,000
    URBAN FARMING INSTITUTE OF BOSTON INC
    487R NORFOLK STREET
    MATTAPAN,MA021262344     		N/A PC GENERAL SUPPORT 30,000
    Total .................................bullet 3b 1,050,000
    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 2,798  
    4 Dividends and interest from securities.... 525990 5 14 682,394  
    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 77  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 42,133 18 3,236,140  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aGRANT REFUNDS     		    01 528  
    bTHRU SCHEDULE K-1 - ORDINARY BUSINESS INCOME (LOSS) 525990 41,663 14 -41,663  
    cTHRU SCHEDULE K-1 - NET RENTAL REAL ESTATE INCOME 525990 -14,009 14 14,009  
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 69,792 3,894,283 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    3,964,075
    (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

    Form 990PF Part XV Line 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
    ACADIA CENTERPO BOX 583
    ROCKPORT,ME048560583     		N/A PC ADVANCING ENERGY EFFICIENCY IN NEW ENGLAND 100,000
    ACLU PAPO BOX 60173
    PHILADELPHIA,PA191020173     		N/A PC VOTING RIGHTS & ELECTION PROTECTION 25,000
    AMERICAN COUNCIL FOR AN ENERGY-EFFICIENT ECONOMY529 14TH STREET NW SUITE 600
    WASHINGTON,DC200451802     		N/A PC EMPOWERING STATE LEADERSHIP ON ENERGY EFFICIENCY IN THE SOUTHEAST 70,000
    AMERICAN RIVERS INC1101 14TH STREET NW SUITE 1400
    WASHINGTON,DC200092637     		N/A PC CONSERVE AND RESTORE HABITAT FOR NATIVE AQUATIC ORGANISMS IN THE LITTLE TENNESSEE RIVER BASIN 40,000
    BIODIVERSITY FUNDERS GROUPPO BOX 29361
    SAN FRANCISCO,CA941290361     		N/A PC 2020 MEMBERSHIP GRANT 5,000
    BLUEPRINT NORTH CAROLINA3125 POPLARWOOD COURT SUITE 300
    RALEIGH,NC276046445     		N/A PC VOTER EDUCATION, REGISTRATION, AND GOVERNMENT EFFORTS ACROSS THE STATE 25,000
    BLUEPRINT NORTH CAROLINA3125 POPLARWOOD COURT SUITE 300
    RALEIGH,NC276046445     		N/A PC SCALING FOR REMOTE CIVIC ENGAGEMENT 50,000
    BREAD AND ROSES58 NEWBURY STREET
    LAWRENCE,MA018401714     		N/A PC THE GIVING PROJECT TO BUILD LOCAL LEADERSHIP AND FUNDING FOR SOCIAL JUSTICE 50,000
    CASA DE MARYLAND INC8151 15TH AVENUE
    HYATTSVILLE,MD207833501     		N/A PC VOTER OUTREACH, EDUCATION, AND REGISTRATION EFFORTS IN THE LATINO COMMUNITY IN SOUTHEASTERN PENNSYLVANIA 25,000
    CERES INC99 CHAUNCY STREET 6TH FLOOR
    BOSTON,MA021111703     		N/A PC MOBILIZING CORPORATE ENERGY USERS TO INCREASE ENERGY EFFICIENCY 75,000
    CLEAN ENERGY GROUP INC50 STATE STREET SUITE 1
    MONTPELLER,VT056022957     		N/A PC ADVANCING BATTERY STORAGE AND RENEWABLES FOR PEAKER POWER PLANT REPLACEMENT IN NEW YORK CITY 25,000
    CLEAN WATER FUND88 BROAD STREET LOWER LEVEL
    BOSTON,MA021103407     		N/A PC EQUITY AND THE TCI: MODELING SOLUTIONS THAT CENTER OVERBURDENED COMMUNITIES 35,000
    CONFLUENCE PHILANTHROPY475 10TH AVENUE 14TH FLOOR
    NEW YORK,NY100189715     		N/A PC 2020 MEMBERSHIP GRANT 1,500
    CONSERVATION LAW FOUNDATION INC62 SUMMER STREET
    BOSTON,MA021101008     		N/A PC ADVANCING STATE-BASED DECARBONIZATION STRATEGIES 50,000
    CONSERVATION LAW FOUNDATION INC62 SUMMER STREET
    BOSTON,MA021101008     		N/A PC FARM AND FOOD INITIATIVE 30,000
    DEMOCRACY NORTH CAROLINA3000 AERIAL CENTER PARKWAY SUITE
    160
    MORRISVILLE,NC275609132     		N/A PC GENERAL SUPPORT 25,000
    DOGWOOD ALLIANCE INCPO BOX 7645
    ASHEVILLE,NC288027645     		N/A PC WETLAND FOREST PROTECTION IN THE SOUTHERN US COASTAL PLAIN 25,000
    DUKE UNIVERSITYPO BOX 90335
    DURHAM,NC277080335     		N/A PC SOUTHEAST ENERGY AND ENVIRONMENTAL LEADERSHIP FORUM: USING EE TO ADDRESS ENERGY INSECURITY 75,000
    ENERGY & ENTERPRISE INITIATIVEGEORGE MASON UNIVERSITY 4400
    UNIVERSITY DRIVE MS 6A8
    FAIRFAX,VA220304422     		N/A PC GENERAL SUPPORT 40,000
    ENVIRONMENTAL ADVOCATES NY INC353 HAMILTON STREET
    ALBANY,NY122101709     		N/A PC CARBON PRICING FOR NEW YORK'S CLIMATE ACTION PLAN 20,000
    ENVIRONMENTAL AND ENERGY STUDY INSTITUTE1020 19TH STREET NW SUITE 650
    WASHINGTON,DC200366119     		N/A PC EQUITABLE ACCESS TO ENERGY EFFICIENCY FOR RURAL HOUSEHOLDS 25,000
    ENVIRONMENTAL DEFENSE FUND257 PARK AVENUE SOUTH 17TH FLOOR
    NEW YORK,NY100107386     		N/A PC CATALYZING A CARBON MARKET IN OREGON 60,000
    ENVIRONMENTAL GRANTMAKERS ASSOCIATION475 RIVERSIDE DRIVE SUITE 960
    NEW YORK,NY101151001     		N/A PC 2020 MEMBERSHIP GRANT 8,525
    ENVIRONMENTAL INTEGRITY PROJECT1000 VERMONT AVENUE NW SUITE 1100
    WASHINGTON,DC200054939     		N/A PC BUILDING AND LEADING A COALITION TO COMBAT THE RAPIDLY EXPANDING WOOD BIOMASS INDUSTRY 25,000
    ENVIRONMENTAL PAPER NETWORKPO BOX 7091
    ASHEVILLE,NC288027091     		N/A PC GENERAL SUPPORT 40,000
    EQUITY ADVOCATES INC495A HENRY STREET 312
    BROOKLYN,NY112313012     		N/A PC BUILDING POWER AND POLITICAL EDUCATION WITHIN THE NYC FOOD JUSTICE YOUTH COMMUNITY 20,000
    FEDERATION OF NEIGHBORHOOD CENTERS INC1901 SOUTH 9TH STREET
    PHILADELPHIA,PA191482384     		N/A PC COMMUNITY LEARNING FARM OF FEDERATION OF NEIGHBORHOOD CENTERS INC. 20,000
    FRANKLIN COUNTY COMMUNITY DEVELOPMENT CORPORATION324 WELLS STREET
    GREENFIELD,MA013011636     		N/A PC URBAN AGRICULTURE TASK FORCE 15,000
    FRANKLIN COUNTY COMMUNITY324 WELLS STREET
    GREENFIELD,MA013011636     		N/A PC GENERAL SUPPORT 40,000
    FUND FOR PHILADELPHIA INC1515 ARCH STREET 13TH FLOOR
    PHILADELPHIA,PA191021504     		N/A PC RESPONDING TO COVID-19 AND PLANNING FOR A MORE RACIALLY JUST AND RESILIENT PHILADELPHIA FOOD SYSTEM 30,000
    FUNDERS NETWORK FOR SMART GROWTH6705 SW 57TH AVENUE SUITE 700
    CORAL GABLES,FL331433649     		N/A PC 2020 MEMBERSHIP GRANT 5,000
    GEORGETOWN UNIVERSITY600 NEW JERSEY AVENUE NW
    WASHINGTON,DC200012022     		N/A PC GENERAL SUPPORT 45,000
    GREEN CITY FORCE630 FLUSHING AVENUE 8TH FLOOR
    BROOKLYN,NY112065768     		N/A PC FARMS AT NYCHA 25,000
    GREEN GUERILLAS INC232 EAST 11TH STREET
    NEW YORK,NY100037301     		N/A PC GENERAL SUPPORT 25,000
    GREENROOTS INC227 MARGINAL STREET SUITE 1
    CHELSEA,MA021503538     		N/A PC SUPPORTING A PIPELINE OF YOUNG URBAN FARMERS TO ADDRESS FOOD INSECURITY IN CHELSEA 20,000
    GROUNDWORK LAWRENCE INC60 ISLAND STREET
    LAWRENCE,MA018401835     		N/A PC CULTIVATING LAWRENCE LEADERS OF TOMORROW THROUGH URBAN FARMING, EMPLOYMENT & LEADERSHIP DEVELOPMENT 30,000
    GROUNDWORK SOMERVILLE INC337 SOMERVILLE AVENUE 2B
    SOMERVILLE,MA021432914     		N/A PC GENERAL SUPPORT 25,000
    GROUNDWORK SOUTHCOAST1285 ACUSHNET AVENUE
    NEW BEDFORD,MA027462020     		N/A PC URBAN FARMING WITHIN A SOCIAL JUSTICE FRAMEWORK TO EMPOWER YOUTH IN THE SOUTH COAST OF MASSACHUSETTS 25,000
    HALEY HOUSE INC23 DARTMOUTH STREET
    BOSTON,MA021165912     		N/A PC HALEY HOUSES URBAN FARMING PROGRAM 15,000
    HARLEM GROWN INC127 WEST 127TH STREET 201
    NEW YORK,NY100273723     		N/A PC HARLEM GROWN YOUTH LEADERSHIP PROGRAMMING 20,000
    IN OUR BACKYARDS INC (IOBY)400 RUGBY ROAD
    BROOKLYN,NY112265672     		N/A PC GENERAL SUPPORT 10,000
    INSTITUTE FOR POLICY INTEGRITY AT NEW YORK UNIVERSITY SCHOOL OF LAW139 MACDOUGAL STREET THIRD FLOOR
    NEW YORK,NY100121076     		N/A PC CARBON PRICING IN ORGANIZED WHOLESALE ENERGY MARKETS 50,000
    JOHN BARTRAM ASSOCIATION5400 LINDBERGH BOULEVARD
    PHILADELPHIA,PA191436128     		N/A PC YOUTH-LED AGRICULTURE AND LOCAL FOOD SOVEREIGNTY AT THE SANKOFA COMMUNITY FARM AT BARTRAM'S GARDEN 25,000
    KEYSTONE RESEARCH CENTER412 NORTH 3RD STREET
    HARRISBURG,PA171011346     		N/A PC VOTER REGISTRATION PROGRAMS AND GOVERNMENT IN PENNSYLVANIA 50,000
    LA COMUNIDAD INC471 BROADWAY SUITE 1
    EVERETT,MA021493640     		N/A PC 2020 NORTHERN STRAND COMMUNITY FARM YOUTH CREW 20,000
    LAND TRUST ALLIANCE INCORPORATED1250 H ST NW SUITE 600
    WASHINGTON,DC200053952     		N/A PC ADDRESSING CLIMATE CHANGE THROUGH LAND CONSERVATION 35,000
    LIVABLESTREETS70 PACIFIC STREET
    CAMBRIDGE,MA021394204     		N/A PC GENERAL SUPPORT 40,000
    LOCAL ENTERPRISE ASSISTANCE FUND INC386 WESTERN AVENUE
    BOSTON,MA021351011     		N/A PC THE MASSACHUSETTS FOOD TRUST PROGRAM 25,000
    MAGNOLIA TREE EARTH CENTER OF BEDFORD STUYVESANT INC677 LAFAYETTE AVENUE
    BROOKLYN,NY112161009     		N/A PC GENERAL SUPPORT 25,000
    MAJORITY ACTIONPO BOX 4831
    SILVER SPRING,MD209044831     		N/A PC DEEP DECARBONIZATION OF THE ELECTRIC UTILITY SECTOR - AN INVESTOR STRATEGY 35,000
    MAKE THE ROAD NY347 NORTH 8TH STREET
    ALLENTOWN,PA181023228     		N/A PC CREATING STREETS AND COMMUNITIES THAT ARE SAFE, VIBRANT, AND WELL-CONNECTED 25,000
    MILL CITY GROWS INC650 SUFFOLK STREET SUITE G10
    LOWELL,MA018543639     		N/A PC YOUTH EDUCATION AND ENGAGEMENT AT THE URBAN FARM 25,000
    NATIONAL VOTE AT HOME INSTITUTEPO BOX 65752
    WASHINGTON,DC200355752     		N/A PC GENERAL SUPPORT 50,000
    NATURAL RESOURCES DEFENSE COUNCIL INC40 WEST 20TH STREET
    NEW YORK,NY100114211     		N/A PC PROTECTING FORESTS FROM DIRTY AND DESTRUCTIVE BIOENERGY 40,000
    NATURE'S GARDEN FOR VICTORY AND PEACE INC1709 BENJAMIN FRANKLIN PARKWAY 2ND
    FLOOR
    PHILADELPHIA,PA191031206     		N/A PC GENERAL SUPPORT 25,000
    NEW FLORIDA MAJORITY EDUCATION FUND10800 BISCAYNE BOULEVARD SUITE 1050
    MIAMI,FL331617566     		N/A PC VOTER EMPOWERMENT IN COMMUNITIES OF COLOR THROUGH VOTER EDUCATION AND VOTER PROTECTION 50,000
    NEW GEORGIA PROJECT830 GLENWOOD AVENUE SE SUITE
    510-221
    ATLANTA,GA303161966     		N/A PC VOTER REGISTRATION, EDUCATION, AND GOVERNMENT EFFORTS IN THE STATE OF GEORGIA 39,000
    NEW VENTURES FUND1201 CONNECTICUT AVENUE NW SUITE
    300
    WASHINGTON,DC200362611     		N/A PC SUPPORTING PREPARATIONS FOR, AND RESPONSES TO, HIGH-RISK THREATS TO ELECTION INTEGRITY 50,000
    NEW YORK LAWYERS FOR THE PUBLIC INTEREST INC151 WEST 30TH STREET 11TH FLOOR
    NEW YORK,NY100014017     		N/A PC PEAK CAMPAIGN 100,000
    NORRIS SQUARE NEIGHBORHOOD PROJECT2141 NORTH HOWARD STREET
    PHILADELPHIA,PA191221712     		N/A PC EMPOWERING YOUNG FARMERS IN NSNPS URBAN GARDENS 20,000
    NORTH STAR FUND INC520 8TH AVENUE SUITE 2203
    NEW YORK,NY100186656     		N/A PC COMMUNITY FOOD FUNDERS 25,000
    NORTH STAR FUND520 8TH AVENUE SUITE 2203
    NEW YORK,NY100186656     		N/A PC NEW YORK COVID-19 IMPACT ON FOOD SYSTEM COLLABORATIVE PROJECT 15,000
    NORTHEAST ENERGY EFFICIENCY PARTNERSHIPS INC81 HARTWELL AVENUE
    LEXINGTON,MA024213160     		N/A PC GENERAL SUPPORT 75,000
    NUBIAN UNITED BENEVOLENT INTERNATIONAL ASSOCIATION98 REGENT STREET
    ROXBURY,MA021191905     		N/A PC NUBIA SEED & YIELD 15,000
    OREGON ENVIRONMENTAL COUNCIL222 NW DAVIS STREET SUITE 309
    PORTLAND,OR972093900     		N/A PC OREGON CARBON PRICING AND CLIMATE PROTECTION CAMPAIGN 50,000
    ORGANIZING EMPOWERMENT FUND2800 ROYAL AVENUE SUITE 204
    MONONA,WI537131518     		N/A PC GENERAL SUPPORT FOR WORK IN NORTH CAROLINA AND PENNSYLVANIA 25,000
    OUR CLIMATE EDUCATION FUNDPO BOX 221012
    SEATTLE,WA981021012     		N/A PC CARBON PRICING YOUTH ENGAGEMENT IN THE NORTHEAST 20,000
    PENNSYLVANIA HORTICULTURAL SOCIETY100 NORTH 20TH STREET
    PHILADELPHIA,PA191031495     		N/A PC ADVANCING LONG-TERM SUSTAINABILITY OF COMMUNITY GARDENS IN PHILADELPHIA 20,000
    PHILANTHROPY MASSACHUSETTS INC55 COURT STREET SUITE 520
    BOSTON,MA021082104     		N/A PC 2020 MEMBERSHIP GRANT 3,000
    POWER1429 NORTH 11TH STREET
    PHILADELPHIA,PA191223410     		N/A PC VOTER PROTECTION, GOVERNMENT, AND VOTER PROTECTION STRATEGIES IN PENNSYLVANIA 25,000
    PROJECT BREAD - THE WALK FOR HUNGER INC145 BORDER STREET
    EAST BOSTON,MA021281903     		N/A PC ENSURING THE EMERGENCY FOOD SYSTEM IS ADAPTED, IMPROVED, AND ACCELERATED 25,000
    PUBLIC INTEREST LAW CENTER OF PENNSYLVANIA1709 BEN FRANKLIN PARKWAY 2ND FLOOR
    PHILADELPHIA,PA191031206     		N/A PC GENERAL SUPPORT 25,000
    RED HOOK INITIATIVE767 HICKS STREET
    BROOKLYN,NY112312505     		N/A PC RED HOOK FARMS 25,000
    REGIONAL ENVIRONMENTAL COUNCIL INC9 CASTLE STREET
    WORCESTER,MA016136404     		N/A PC YOUTHGROW (YOUTH GROWING ORGANICS IN WORCESTER) 35,000
    RESOURCES FOR THE FUTURE INC1616 P STREET NW SUITE 600
    WASHINGTON,DC200361436     		N/A PC CARBON PRICING INITIATIVE 30,000
    RESOURCES FOR THE FUTURE1616 P STREET NW SUITE 600
    WASHINGTON,DC200361436     		N/A PC EXPANDING CARBON MARKETS TO TRANSPORTATION 33,500
    RISEBORO COMMUNITY PARTNERSHIP INC565 BUSHWICK AVENUE
    BROOKLYN,NY112064628     		N/A PC BUSHWICK GROWS COMMUNITY FARM 20,000
    ROCKAWAY YOUTH TASK FORCE INC1920 MOTT AVENUE SUITE 5
    FAR ROCKAWAY,NY116914106     		N/A PC ROCKAWAY YOUTH TASK FORCE FOOD JUSTICE PROJECT 25,000
    ROCKY MOUNTAIN INSTITUTE2490 JUNCTION PLACE
    BOULDER,CO803012167     		N/A PC SOLARAPP 85,000
    ROOTS RISING INCPO BOX 1805
    PITTSFIELD,MA012021805     		N/A PC INCREASE THE SCALE AND IMPACT OF OUR YOUTH DEVELOPMENT AND FOOD ACCESS WORK 20,000
    SOUTH CAROLINA COASTAL CONSERVATION LEAGUE INC131 SPRING STREET
    CHARLESTON,SC294036739     		N/A PC 2020-2022 ENERGY & CLIMATE PROGRAM SUPPORT 40,000
    SOUTHEAST ASIAN COALITION OF CENTRAL MASS INC484 MAIN STREET SUITE 400
    WORCESTER,MA016081817     		N/A PC SOUTHEAST ASIAN INTERGENERATIONAL URBAN FARMING AND YOUTH LEADERSHIP 15,000
    SOUTHERN ALLIANCE FOR CLEAN ENERGYPO BOX 1842
    KNOXVILLE,TN379011842     		N/A PC PROMOTING ENERGY EFFICIENCY IN THE SOUTHEAST 100,000
    SOUTHERN COALITION FOR SOCIAL JUSTICE1415 WEST NC HIGHWAY 54 SUITE 101
    DURHAM,NC277075598     		N/A PC 2020 ELECTION PROTECTION 25,000
    SOUTHERN ENVIRONMENTAL LAW CENTER201 WEST MAIN STREET SUITE 14
    CHARLOTTESVILLE,VA229025064     		N/A PC PROMOTING ENERGY EFFICIENCY AS THE FIRST ENERGY RESOURCE OF THE SOUTHEAST 150,000
    SOUTHERN POWER FUND1959 HIGHLANDER WAY
    NEW MARKET,TN378204939     		N/A PC SOUTHERN POWER FUND MATCHING GRANT 50,000
    SPRINGFIELD PARTNERS FOR COMMUNITY ACTION INC721 STATE STREET
    SPRINGFIELD,MA011094109     		N/A PC MA URBAN AG WORKING GROUP & PRODUCTION SCHOOL GARDENS 10,000
    STAND548 MARKET STREET SUITE 74196
    SAN FRANCISCO,CA941045401     		N/A PC DRIVING THE MARKET TOWARD RESPONSIBLE PAPER PURCHASING PRACTICES 40,000
    SUSTAINABLE AGRICULTURE AND FOOD SYSTEMS FUNDERS133 EAST DE LA GUERRA 306
    SANTA BARBARA,CA931012228     		N/A PC 2020 MEMBERSHIP GRANT 5,500
    SUSTAINABLE MARKETS FOUNDATION502 EAST COTATI AVENUE UNIT 7014
    COTATI,CA949311214     		N/A PC CIVIL EATS URBAN FARMING AND YOUTH LEADERSHIP PROJECT 10,000
    THE CAMPAIGN AGAINST HUNGER INCPO BOX 330532
    BROOKLYN,NY112330532     		N/A PC GREEN TEENS INTERNSHIP PROGRAM 25,000
    THE FOOD PROJECT INC10 LEWIS STREET
    LINCOLN,MA017733816     		N/A PC CULTIVATING YOUTH LEADERSHIP THROUGH SUSTAINABLE AGRICULTURE 25,000
    THE PUBLIC INTEREST LAW CENTER1709 BENJAMIN FRANKLIN PARKWAY 2ND
    FLOOR
    PHILADELPHIA,PA191031206     		N/A PC GARDEN JUSTICE LEGAL INITIATIVE 25,000
    TIDES CENTERPO BOX 2247
    KINGSTON,NY124022247     		N/A PC YOUTH & URBAN AG AT THE 2020 NESAWG CONFERENCE + NESAWG POLICY WORK + UPDATED/EXPANDED ITAR PAPER 25,000
    TIDES FOUNDATIONPO BOX 29903
    SAN FRANCISCO,CA941290903     		N/A PC TRANSFORMING THE PACKAGING SUPPLY CHAIN TO PROTECT THE WORLDS FORESTS 70,000
    TRANSITMATTERS62 SUMMER STREET
    BOSTON,MA021101008     		N/A PC RESILIENTTRANSIT- RESPONDING TO COVID AND BUILDING A BETTER SERVICE 25,000
    TRANSPORTATION FOR AMERICA1152 15TH STREET NW SUITE 450
    WASHINGTON,DC200051871     		N/A PC PROTECTING AND EXPANDING TRANSIT THROUGH COVID-19 AND ECONOMIC RECOVERY 50,000
    TRUST FOR PUBLIC LAND6 BEACON STREET SUITE 615
    BOSTON,MA021083826     		N/A PC SOUTHERN APPALACHIAN CONSERVATION FINANCE INITIATIVE 40,000
    TSNE MISSIONWORKSPO BOX 90774
    SPRINGFIELD,MA011390774     		N/A PC GENERAL SUPPORT 30,000
    UNION OF CONCERNED SCIENTISTS2 BRATTLE SQUARE
    CAMBRIDGE,MA021383780     		N/A PC REPORT ON RURAL TRANSPORTATION OPPORTUNITIES AND CHALLENGES IN FOUR NORTHEASTERN STATES 45,000
    UNION OF CONCERNED SCIENTISTS2 BRATTLE SQUARE SUITE 6
    CAMBRIDGE,MA021383780     		N/A PC ADVANCING A REGIONAL CAP AND INVEST PROGRAM FOR A CLEAN, EQUITABLE TRANSPORTATION SYSTEM 50,000
    UNITED COMMUNITY CENTERS INC613 NEW LOTS AVENUE
    BROOKLYN,NY112077214     		N/A PC EAST NEW YORK FARMS! 50,000
    UPSTATE FOREVER507 PETTIGRU STREET
    GREENVILLE,SC296013116     		N/A PC AMPLIFYING THE UPSTATE SOUTH CAROLINA ENERGY EFFICIENCY VOICE 15,000
    URBAN AFFAIRS COALITION320 WEST OREGON AVENUE SUITE 3C-1
    PHILADELPHIA,PA191484710     		N/A PC RESILIENT ROOTS FARM PROGRAM 25,000
    URBAN FARMING INSTITUTE OF BOSTON INC487R NORFOLK STREET
    MATTAPAN,MA021262344     		N/A PC GENERAL SUPPORT 30,000
    URBAN SUSTAINABILITY DIRECTORS NETWORK9 VON RUCK TERRACE
    ASHEVILLE,NC288012027     		N/A   SUPPORT FOR SUSTAINABLE ENERGY IN THE TENNESSEE VALLEY 30,000
    URBAN TREE CONNECTION1445 NORTH 52ND STREET
    PHILADELPHIA,PA191314435     		N/A PC YOUTH APPRENTICESHIP PROGRAM 25,000
    VERMONT PUBLIC INTEREST RESEARCH AND EDUCATION FUND INC141 MAIN STREET SUITE 6
    MONTPELIER,VT056022916     		N/A PC ENERGY INDEPENDENT VERMONT 15,000
    Total ...............................bullet 3a 3,691,025
    bApproved for future payment
    ACADIA CENTERPO BOX 583
    ROCKPORT,ME048560583     		N/A PC ADVANCING ENERGY EFFICIENCY IN NEW ENGLAND 100,000
    AMERICAN COUNCIL FOR AN ENERGY-EFFICIENT ECONOMY529 14TH STREET NW SUITE 600
    WASHINGTON,DC200451802     		N/A PC EMPOWERING STATE LEADERSHIP ON ENERGY EFFICIENCY IN THE SOUTHEAST 70,000
    CERES INC99 CHAUNCY STREET 6TH FLOOR
    BOSTON,MA021111703     		N/A PC MOBILIZING CORPORATE ENERGY USERS TO INCREASE ENERGY EFFICIENCY 75,000
    FRANKLIN COUNTY COMMUNITY DEVELOPMENT CORPORATION324 WELLS STREET
    GREENFIELD,MA013011636     		N/A PC GENERAL SUPPORT 40,000
    GROUNDWORK LAWRENCE INC60 ISLAND STREET
    LAWRENCE,MA018401835     		N/A PC CULTIVATING LAWRENCE LEADERS OF TOMORROW THROUGH URBAN FARMING, EMPLOYMENT & LEADERSHIP DEVELOPMENT 30,000
    MAGNOLIA TREE EARTH CENTER OF BEDFORD STUYVESANT INC677 LAFAYETTE AVENUE
    BROOKLYN,NY112161009     		N/A PC GENERAL SUPPORT 25,000
    NATURAL RESOURCES DEFENSE COUNCIL INC40 WEST 20TH STREET
    NEW YORK,NY100114211     		N/A PC PROTECTING FORESTS FROM DIRTY AND DESTRUCTIVE BIOENERGY 40,000
    NATURE'S GARDEN FOR VICTORY AND PEACE INC1709 BENJAMIN FRANKLIN PARKWAY 2ND
    FLOOR
    PHILADELPHIA,PA191031206     		N/A PC ADDRESSING CLIMATE CHANGE THROUGH LAND CONSERVATION 35,000
    NEW YORK LAWYERS FOR THE PUBLIC INTEREST INC151 WEST 30TH STREET 11TH FLOOR
    NEW YORK,NY100014017     		N/A PC PEAK CAMPAIGN 100,000
    NORTHEAST ENERGY EFFICIENCY PARTNERSHIPS INC81 HARTWELL AVENUE
    LEXINGTON,MA024213160     		N/A PC GENERAL SUPPORT 75,000
    SOIL GENERATION1709 BENJAMIN FRANKLIN PARKWAY 2ND
    FLOOR
    PHILADELPHIA,PA191031206     		N/A PC GENERAL SUPPORT 25,000
    SOUTH CAROLINA COASTAL CONSERVATION LEAGUE INC131 SPRING STREET
    CHARLESTON,SC294036739     		N/A PC 2020-2022 ENERGY & CLIMATE PROGRAM SUPPORT 40,000
    SOUTHERN ALLIANCE FOR CLEAN ENERGYPO BOX 1842
    KNOXVILLE,TN379011842     		N/A PC PROMOTING ENERGY EFFICIENCY IN THE SOUTHEAST 100,000
    THE CAMPAIGN AGAINST HUNGER INCPO BOX 330532
    BROOKLYN,NY112330532     		N/A PC GREEN TEENS INTERNSHIP PROGRAM 25,000
    TIDES FOUNDATIONPO BOX 29903
    SAN FRANCISCO,CA941290903     		N/A PC TRANSFORMING THE PACKAGING SUPPLY CHAIN TO PROTECT THE WORLDS FORESTS 70,000
    TRANSPORTATION FOR AMERICA1152 15TH STREET NW SUITE 450
    WASHINGTON,DC200051871     		N/A PC PROTECTING AND EXPANDING TRANSIT THROUGH COVID-19 AND ECONOMIC RECOVERY 50,000
    TRUST FOR PUBLIC LAND6 BEACON STREET SUITE 615
    BOSTON,MA021083826     		N/A PC SOUTHERN APPALACHIAN CONSERVATION FINANCE INITIATIVE 40,000
    TSNE MISSIONWORKSPO BOX 90774
    SPRINGFIELD,MA011390774     		N/A PC GENERAL SUPPORT 30,000
    UNION OF CONCERNED SCIENTISTS2 BRATTLE SQUARE SUITE 6
    CAMBRIDGE,MA021383780     		N/A PC ADVANCING A REGIONAL CAP AND INVEST PROGRAM FOR A CLEAN, EQUITABLE TRANSPORTATION SYSTEM 50,000
    URBAN FARMING INSTITUTE OF BOSTON INC487R NORFOLK STREET
    MATTAPAN,MA021262344     		N/A PC GENERAL SUPPORT 30,000
    Total ................................bullet 3b 1,050,000
    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
    MERCK FAMILY FUND
     
    Employer identification number

    22-6063382
    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
    MERCK FAMILY FUND
          		Employer identification number
    22-6063382
    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
    NATHANIEL CHAMBERLIN
    PO BOX 870245
     
    MILTON VILLAGE, MA021870245

    		$ 10,309


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    PATIENCE CHAMBERLIN
    PO BOX 870245
     
    MILTON VILLAGE, MA021870245

    		$ 264,148


    (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
    MERCK FAMILY FUND
          		Employer identification number

    22-6063382
    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
    1
    		 MICROSOFT CORP (MSFT) 50.000 SHARES $ 10,309 2020-10-02
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 T. ROWE PRICE LARGE CAP GROWTH FUND CL I (TRLGX) 4,750.000 SHARES $ 264,148 2020-10-08
    (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
    MERCK FAMILY FUND
          		Employer identification number

    22-6063382
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 AccountingFeesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FINANCIAL STATEMENT REVIEW 14,750 0   14,750
    TAX RETURN PREPARATION 8,600 0   7,100

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

    TY 2020 GainLossSaleOtherAssetsSch
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    GENERATION IM GLOBAL EQUITY FUND, LLC   PURCHASED         COST 0 750,000  
    GENERATION IM CLIMATE SOLUTIONS FUND (U.S.) L.P.   PURCHASED         COST 0 86,389  
    THE HIGHCLERE INTERNATIONAL INVESTORS SMALLER COMPANIES FUND   PURCHASED         COST 0 558,349  
    ALTERNATIVE INVESTMENTS SUSTAINABILITY, LP   PURCHASED         COST 0 491,236  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS FXD RT SR NT 2.950% 03/15/25 (002824BB5) 40,000 QTY 43,889 43,889
    ABBVIE INC FIXED RATE SR NT 2.900% 11/06/22 (00287YAL3) 55,000 QTY 57,534 57,534
    ABBVIE INC SR NT FLTG ACCD INV 3.200% 11/21/29 (00287YBX6) 20,000 QTY 22,414 22,414
    ACE INA HLDGS INC GTD FXD RT SR NT 2.875% 11/03/22 (00440EAU1) 65,000 QTY 67,757 67,757
    AMERICAN EXPRESS CO NT 2.500% 07/30/24 (025816CG2) 40,000 QTY 42,672 42,672
    AMERICAN EXPRESS CO NT 2.750% 05/20/22 (025816CD9) 65,000 QTY 67,057 67,057
    AMERICAN HONDA FIN CORP MED TERM NTS 2.050% 01/10/23 (02665WDC2) 60,000 QTY 62,045 62,045
    APPLE INC FXD RT NT 2.850% 02/23/23 (037833BU3) 90,000 QTY 94,512 94,512
    AT&T INC FXD RT SR NTS 4.125% 02/17/26 (00206RCT7) 35,000 QTY 40,504 40,504
    AT&T INC GLOBAL NT 2.625% 12/01/22 (00206RBN1) 65,000 QTY 67,426 67,426
    BANK AMER CORP FXD RT NT SERIES L 3.500% 04/19/26 (06051GFX2) 45,000 QTY 51,000 51,000
    BANK AMER CORP SR NT SER L 3.300% 01/11/23 (06051GEU9) 95,000 QTY 100,720 100,720
    BANK NEW YORK MELLON CORP 2.950% 01/29/23 (06406RAE7) 30,000 QTY 31,556 31,556
    BANK NEW YORK MELLON CORP MEDIUM 2.950% 01/29/23 (06406RAE7) 95,000 QTY 99,928 99,928
    BANK NOVA SCOTIA BC SR NT 1.950% 02/01/23 (064159TE6) 70,000 QTY 72,292 72,292
    BANK OF MONTREAL 0.450% 12/08/23 (06368EA36) 73,000 QTY 73,214 73,214
    BOSTON PPTYS LTD PARTNERSHIP SR NT 3.850% 02/01/23 (10112RAU8) 30,000 QTY 31,916 31,916
    CITIGROUP INC FXD RT SR NT 2.700% 10/27/22 (172967LQ2) 95,000 QTY 98,802 98,802
    CITIGROUP INC FXD TO FLTG SR NT 3.668% 07/24/28 (172967LP4) 45,000 QTY 51,017 51,017
    COMCAST CORP GTD FXD RT SR NOTE 4.150% 10/15/28 (20030NCT6) 30,000 QTY 36,113 36,113
    CVS HEALTH CORP FXD RT SR NT 3.500% 07/20/22 (126650CK4) 65,000 QTY 67,852 67,852
    CVS HEALTH CORP FXD RT SR NT 3.875% 07/20/25 (126650CL2) 45,000 QTY 50,963 50,963
    DISNEY WALT CO NEW MEDIUM TERM NTS 2.350% 12/01/22 (25468PCW4) 100,000 QTY 103,842 103,842
    GOLDMAN SACHS GROUP INC SR NT 3.625% 01/22/23 (38141GRD8) 15,000 QTY 16,007 16,007
    GOLDMAN SACHS GROUP INC SR NT 3.625% 01/22/23 (38141GRD8) 65,000 QTY 69,363 69,363
    HOME DEPOT INC FXD RT SR NT 3.350% 09/15/25 (437076BK7) 35,000 QTY 39,414 39,414
    JPMORGAN CHASE & CO FXD RT NT 3.900% 07/15/25 (46625HMN7) 45,000 QTY 51,122 51,122
    JPMORGAN CHASE & CO SR NT 3.250% 09/23/22 (46625HJE1) 95,000 QTY 99,912 99,912
    MERCK & CO INC NEW FXD RT 2.800% 05/18/23 (58933YAF2) 95,000 QTY 100,746 100,746
    MERCK & CO INC NEW NT 3.400% 03/07/29 (58933YAX3) 45,000 QTY 52,352 52,352
    MICROSOFT CORP FXD RT NT 2.700% 02/12/25 (594918BB9) 40,000 QTY 43,454 43,454
    MORGAN STANLEY FXD RT SR NT SER I 3.125% 01/23/23 (61744YAN8) 35,000 QTY 36,938 36,938
    NOVARTIS CAP CORP GTD FXD RT NTS 3.000% 11/20/25 (66989HAJ7) 40,000 QTY 44,245 44,245
    ORACLE CORP NT 2.500% 10/15/22 (68389XAP0) 70,000 QTY 72,760 72,760
    PEPSICO INC FXD RT SR NT 3.000% 10/15/27 (713448DY1) 35,000 QTY 39,481 39,481
    PEPSICO INC SR NT 0.750% 05/01/23 (713448EY0) 50,000 QTY 50,713 50,713
    PRUDENTIAL FINL INC 3.500% 05/15/24 (74432QBZ7) 40,000 QTY 44,028 44,028
    ROYAL BK CDA GLOBAL 1.950% 01/17/23 (78015K7D0) 100,000 QTY 103,270 103,270
    ROYAL BK CDA GLOBAL MEDIUM TERM 1.950% 01/17/23 (78015K7D0) 30,000 QTY 30,981 30,981
    SIMON PPTY GROUP L P FXD RT NT 3.375% 10/01/24 (828807CS4) 55,000 QTY 59,808 59,808
    STATE STR CORP FXD RT SR NT 3.550% 08/18/25 (857477AT0) 45,000 QTY 51,084 51,084
    THE TORONTO-DOMINION BANK 1.900% 12/01/22 (89114QCD8) 100,000 QTY 103,110 103,110
    THE TORONTO-DOMINION BANK 1.900% 12/01/22 (89114QCD8) 20,000 QTY 20,622 20,622
    UNION PAC CORP NT 2.400% 02/05/30 (907818FH6) 60,000 QTY 64,591 64,591
    UNION PAC CORP NT 4.163% 07/15/22 (907818DK1) 65,000 QTY 68,190 68,190
    UNITED PARCEL SVC INC SR NT 2.450% 10/01/22 (911312AQ9) 80,000 QTY 82,981 82,981
    UNITEDHEALTH GROUP INC 2.375% 10/15/22 (91324PDD1) 30,000 QTY 31,178 31,178
    UNITEDHEALTH GROUP INC FXD RT NTS 2.375% 10/15/22 (91324PDD1) 90,000 QTY 93,533 93,533
    VERIZON COMMUNICATIONS INC NT 1.500% 09/18/30 (92343VFL3) 21,000 QTY 20,687 20,687
    VERIZON COMMUNICATIONS INC NT 2.450% 11/01/22 (92343VBJ2) 65,000 QTY 67,174 67,174
    WALT DISNEY CO GTD NT 2.000% 09/01/29 (254687FL5) 50,000 QTY 52,258 52,258
    WESTPAC BKG CORP SR NT 2.750% 01/11/23 (961214DS9) 75,000 QTY 78,804 78,804

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO (MMM) 527.000 SHARES 92,114 92,114
    A P MOLLER MAERSK AS (AMKBY) 11,986.000 SHARES 133,164 133,164
    ABBVIE INC (ABBV) 342.000 SHARES 36,645 36,645
    ACCENTURE PLC IRELAND CLASS (ACN) 1,176.000 SHARES 307,183 307,183
    ACCO BRANDS CORP (ACCO) 2,830.00 SHARES 23,914 23,914
    ADECCO SA (AHEXY) 4,382.000 SHARES 145,789 145,789
    ADIDAS SALOMON (ADDYY) 241.000 SHARES 44,101 44,101
    ADOBE SYS INC (ADBE) 288.000 SHARES 144,035 144,035
    ADVANCED ENERGY INDS (AEIS) 436.000 SHARES 42,279 42,279
    AIA GROUP LTD (AAGIY) 1,484.000 SHARES 72,909 72,909
    AIR LIQUIDE (AIQUY) 1,140.000 SHARES 37,495 37,495
    AKAMAI TECHNOLOGIES INC (AKAM) 364.000 SHARES 38,216 38,216
    AKZO NOBEL (AKZOY)1,562.000 SHARES 56,326 56,326
    ALCON SA ACT (ALC) 220.000 SHARES 14,516 14,516
    ALIBABA GROUP HLDG LTD (BABA) 171.000 SHARES 39,797 39,797
    ALLSTATE CORP (ALL) 134.000 SHARES 14,731 14,731
    ALPHABET INC CAP STK CL C (GOOG) 194.000 SHARES 339,865 339,865
    ALPHABET INC CL A (GOOGL) 119.000 SHARES 208,564 208,564
    AMAZON COM INC (AMZN) 63.000 SHARES 205,187 205,187
    AMBARELLA INC (AMBA) 1,129.000 SHARES 103,665 103,665
    AMDOCS LTD (DOX) 62.000 SHARES 4,398 4,398
    AMERICAN EAGLE OUTFITTERS INC (AEO) 2,065.000 SHARES 41,445 41,445
    AMERICAN EXPRESS COMPANY (AXP) 583.000 SHARES 70,491 70,491
    AMERICAN FINL GROUP INC (AFG) 587.000 SHARES 51,433 51,433
    AMERICAN TOWER CORP (AMT) 440.000 SHARES 98,762 98,762
    AMERISAFE INC (AMSF) 188.000 SHARES 10,797 10,797
    AMGEN INC (AMGN) 148.000 SHARES 34,028 34,028
    ANALOG DEVICES INC (ADI) 1,066.000 SHARES 157,480 157,480
    ANTHEM INC (ANTM) 53.000 SHARES 17,018 17,018
    APPLE INC (AAPL) 3,467.000 SHARES 460,036 460,036
    APPLIED INDL TECHNOLOGIES INC (AIT) 219.000 SHARES 17,080 17,080
    APPLIED MATERIALS INC (AMAT) 237.000 SHARES 20,453 20,453
    APTARGROUP INC (ATR) 633.000 SHARES 86,651 86,651
    APTIV PLC (APTV) 173.000 SHARES 22,540 22,540
    ARCOSA INC (ACA) 711.000 SHARES 39,055 39,055
    ASBURY AUTOMOTIVE GROUP INC (ABG) 326.000 SHARES 47,511 47,511
    ASML HLDG (ASML) 101.000 SHARES 49,260 49,260
    ASPEN TECHNOLOGY INC (AZPN) 229.000 SHARES 29,827 29,827
    ASSA ABLOY (ASAZY) 3,009.000 SHARES 37,011 37,011
    ASSOCIATED BANC CORP (ASB) 2,315.000 SHARES 39,471 39,471
    AT&T INC (T) 1,595.000 SHARES 45,872 45,872
    ATARA BIOTHERAPEUTICS INC (ATRA) 1,260.000 SHARES 24,734 24,734
    ATKORE INTL GROUP INC (ATKR) 1,610.000 SHARES 66,187 66,187
    ATLAS COPCO (ATLCY) 1,040.000 SHARES 46,810 46,810
    ATMOS ENERGY CORP (ATO) 497.000 SHARES 47,429 47,429
    AUTODESK INC (ADSK) 318.000 SHARES 97,097 97,097
    AUTOMATIC DATA PROCESSING INC (ADP) 575.000 SHARES 101,315 101,315
    AUTOZONE INC (AZO) 37.000 SHARES 43,861 43,861
    AVERY DENNISON CORP (AVY) 383.000 SHARES 59,407 59,407
    AVIVA PLC (AVVIY) 4,234.000 SHARES 37,344 37,344
    AXA SA (AXAHY) 6,804.000 SHARES 162,956 162,956
    AXT INC (AXTI) 1,361.000 SHARES 13,025 13,025
    BAKER HUGHES CO CL A (BKR) 719.000 SHARES 14,991 14,991
    BALL CORP (BLL) 1,110.000 SHARES 103,430 103,430
    BANCO SANTANDER (SAN) 33,251.000 SHARES 101,416 101,416
    BANK OF AMERICA CORPORATION (BAC) 2,735.000 SHARES 82,898 82,898
    BANK OF N T BUTTERFIELD & SON (NTB) 551.000 SHARES 17,169 17,169
    BANK OF NEW YORK MELLON CORP (BK) 359.000 SHARES 15,236 15,236
    BARCLAYS PLC (BCS) 16,625.000 SHARES 132,834 132,834
    BAYERISCHE MOTOREN WERKE (BMWYY) 4,536.000 SHARES 133,132 133,132
    BECTON DICKINSON & CO (BDX) 412.000 SHARES 103,091 103,091
    BERKELEY GROUP HLDGS PLC (BKGFY) 1,315.000 SHARES 82,214 82,214
    BERRY GLOBAL GROUP INC (BERY) 992.000 SHARES 55,740 55,740
    BIO RAD LABORATORIES INC CL A (BIO) 123.000 SHARES 71,702 71,702
    BLACKROCK INC (BLK) 24.000 SHARES 17,317 17,317
    BMC STK HLDGS INC (BMCH) 436.000 SHARES 23,404 23,404
    BNP PARIBAS (BNPQY) 3,841.000 SHARES 102,209 102,209
    BOOKING HLDGS INC (BKNG) 7.000 SHARES 15,591 15,591
    BRAMBLES (BXBLY) 3,115.000 SHARES 51,211 51,211
    BRENNTAG (BNTGY) 6,181.000 SHARES 97,413 97,413
    BRISTOL MYERS SQUIBB CO (BMY) 230.000 SHARES 14,267 14,267
    BROADRIDGE FINL SOLUTIONS INC (BR) 99.000 SHARES 15,167 15,167
    BROWN & BROWN INC (BRO) 389.000 SHARES 18,442 18,442
    C H ROBINSON WORLDWIDE INC (CHRW) 158.000 SHARES 14,831 14,831
    CABLE ONE INC (CABO) 29.000 SHARES 64,604 64,604
    CADENCE DESIGN SYS INC (CDNS) 566.000 SHARES 77,219 77,219
    CALERES INC (CAL) 2,507.000 SHARES 39,235 39,235
    CAMDEN PPTY TR (CPT) 166.000 SHARES 16,587 16,587
    CAPRI HLDGS LTD (CPRI) 1,989.000 SHARES 83,538 83,538
    CARA THERAPEUTICS INC (CARA) 865.000 SHARES 13,087 13,087
    CARNIVAL CORP (CCL) 644.000 SHARES 13,949 13,949
    CARTERS INC (CRI) 196.000 SHARES 18,438 18,438
    CASELLA WASTE SYSTEMS INC CL A (CWST) 268.000 SHARES 16,603 16,603
    CATERPILLAR INC (CAT) 107.000 SHARES 19,476 19,476
    CBOE GLOBAL MKTS INC (CBOE) 127.000 SHARES 11,826 11,826
    CDK GLOBAL INC (CDK) 145.000 SHARES 7,515 7,515
    CERNER CORP (CERN) 267.000 SHARES 20,954 20,954
    CHEMED CORP (CHE) 39.000 SHARES 20,772 20,772
    CHOICE HOTELS INTL INC (CHH) 154.000 SHARES 16,436 16,436
    CHOW TAI FOOK JEWLLERY GROUP LTD (CJEWY) 3,796.000 SHARES 46,805 46,805
    CHUBB LTD (CB) 367.000 SHARES 56,489 56,489
    CHURCH & DWIGHT CO INC (CHD) 127.000 SHARES 11,078 11,078
    CIENA CORP (CIEN) 960.000 SHARES 50,736 50,736
    CISCO SYSTEMS INC (CSCO) 1,575.000 SHARES 70,481 70,481
    CITIGROUP INC (C) 353.000 SHARES 21,766 21,766
    CITIZENS FINL GROUP INC (CFG) 882.000 SHARES 31,540 31,540
    CITRIX SYSTEMS INC (CTXS) 224.000 SHARES 29,142 29,142
    CLOROX CO (CLX) 69.000 SHARES 13,932 13,932
    CMS ENERGY CORP (CMS) 139.000 SHARES 8,480 8,480
    CNH INDL (CNHI) 7,746.000 SHARES 99,459 99,459
    COCA COLA COMPANY (KO) 502.000 SHARES 27,530 27,530
    COCA COLA FEMSA SAB DE CV (KOF) 1,192.000 SHARES 54,951 54,951
    COGENT COMMUNICATIONS HLDGS INC (CCOI) 193.000 SHARES 11,555 11,555
    COGNEX CORP (CGNX) 1,610.000 SHARES 129,259 129,259
    COHEN & STEERS INC (CNS) 246.000 SHARES 18,278 18,278
    COLGATE PALMOLIVE CO (CL) 650.000 SHARES 55,582 55,582
    COLUMBIA BKG SYS INC (COLB) 955.000 SHARES 34,285 34,285
    COLUMBIA SPORTSWEAR CO (COLM) 144.000 SHARES 12,583 12,583
    COLUMBUS MCKINNON CORP N Y (CMCO) 476.000 SHARES 18,297 18,297
    COMCAST CORP CL A (CMCSA) 3,450.000 SHARES 180,780 180,780
    COMERICA INC (CMA) 289.000 SHARES 16,144 16,144
    COMMUNITY BK SYS INC (CBU) 357.000 SHARES 22,245 22,245
    COMMUNITY HEALTHCARE TR INC (CHCT) 330.000 SHARES 15,546 15,546
    COMMUNITY TR BANCORP INC (CTBI) 983.000 SHARES 36,420 36,420
    COMMVAULT SYS INC (CVLT) 643.000 SHARES 35,603 35,603
    COMPAGINE FINANCIERE RICHEMONT AG SWITZ (CFRUY) 9,386.000 SHARES 83,995 83,995
    COMPASS GROUP PLC (CMPGY) 6,107.000 SHARES 114,384 114,384
    CONSOLIDATED EDISON INC (ED) 804.000 SHARES 58,105 58,105
    CONSTELLATION BRANDS INC CL A (STZ) 73.000 SHARES 15,991 15,991
    COOPER COS INC (COO) 281.000 SHARES 102,093 102,093
    CORESITE RLTY CORP (COR) 163.000 SHARES 20,421 20,421
    COSTCO WHOLESALE CORP (COST) 377.000 SHARES 142,046 142,046
    COUSINS PPTYS INC (CUZ) 912.000 SHARES 30,552 30,552
    CRODA INTL (COIHY) 1,094.000 SHARES 49,230 49,230
    CUBESMART (CUBE) 837.000 SHARES 28,132 28,132
    CUMMINS INC (CMI) 464.000 SHARES 105,374 105,374
    CVS HEALTH CORP (CVS) 175.000 SHARES 11,953 11,953
    CYRUSONE INC (CONE) 886.000 SHARES 64,811 64,811
    CYTOKINETICS INC (CYTK) 905.000 SHARES 18,806 18,806
    DAIKIN INDS LTD (DKILY) 3,022.000 SHARES 67,481 67,481
    DANA INC (DAN) 1,123.000 SHARES 21,921 21,921
    DANAHER CORP (DHR) 632.000 SHARES 140,392 140,392
    DASSAULT SYS S A (DASTY) 190.000 SHARES 38,697 38,697
    DEERE & CO (DE) 356.000 SHARES 95,782 95,782
    DELEK US HLDGS INC (DK) 497.000 SHARES 7,987 7,987
    DELTA AIRLINES INC (DAL) 559.000 SHARES 22,477 22,477
    DENTSPLY SIRONA INC (XRAY) 488.000 SHARES 25,552 25,552
    DEUTSCHE TELEKOM (DTEGY) 2,851.000 SHARES 52,088 52,088
    DIAMONDROCK HOSPITALITY CO (DRH) 1,726.000 SHARES 14,240 14,240
    DIGITAL RLTY TR INC (DLR) 830.000 SHARES 115,793 115,793
    DISCOVERY INC COM SER C (DISCK) 1,928.000 SHARES 50,494 50,494
    DISNEY WALT CO (DIS) 650.000 SHARES 117,767 117,767
    DOLBY LABORATORIES INC CL A (DLB) 271.000 SHARES 26,322 26,322
    DOLLAR GEN CORP (DG) 447.000 SHARES 94,004 94,004
    DONALDSON INC (DCI) 1,265.000 SHARES 70,688 70,688
    DORMAN PRODS INC (DORM) 154.000 SHARES 13,370 13,370
    DOVER CORP (DOV) 124.000 SHARES 15,655 15,655
    DTE ENERGY CO (DTE) 116.000 SHARES 14,084 14,084
    DUPONT DE NEMOURS INC (DD) 261.000 SHARES 18,560 18,560
    DXC TECHNOLOGY CO (DXC) 555.000 SHARES 14,291 14,291
    DYNATRACE INC (DT) 1,243.000 SHARES 53,785 53,785
    EAST WEST BANCORP INC (EWBC) 333.000 SHARES 16,886 16,886
    EASTGROUP PPTYS INC (EGP) 112.000 SHARES 15,463 15,463
    EASTMAN CHEM CO (EMN) 168.000 SHARES 16,847 16,847
    EATON CORPORATION PLC (ETN) 129.000 SHARES 15,498 15,498
    ECOLAB INC (ECL) 374.000 SHARES 80,919 80,919
    EDWARDS LIFESCIENCES CORP (EW) 1,161.000 SHARES 105,918 105,918
    ELECTRONIC ARTS INC (EA) 144.000 SHARES 20,678 20,678
    EMERGENT BIOSOLUTIONS INC (EBS) 204.000 SHARES 18,278 18,278
    ENERSYS (ENS) 276.000 SHARES 22,925 22,925
    ENVISTA HLDGS CORP (NVST) 1,211.000 SHARES 40,847 40,847
    ESPERION THERAPEUTICS INC (ESPR) 724.000 SHARES 18,824 18,824
    ESTEE LAUDER COMPANIES INC CL A (EL) 338.000 SHARES 89,972 89,972
    ETSY INC (ETSY) 497.000 SHARES 88,421 88,421
    EVERSOURCE ENERGY (ES) 1,437.000 SHARES 124,315 124,315
    EVOQUA WATER TECHNOLOGIES CORP (AQUA) 1,834.000 SHARES 49,481 49,481
    EXPEDITORS INTL WASH INC (EXPD) 354.000 SHARES 33,669 33,669
    F5 NETWORKS INC (FFIV) 103.000 SHARES 18,122 18,122
    FABRINET (FN) 520.000 SHARES 40,347 40,347
    FACEBOOK INC CL A (FB) 102.000 SHARES 27,862 27,862
    FACTSET RESH SYS INC (FDS) 78.000 SHARES 25,935 25,935
    FANUC CORPORATION (FANUY) 980.000 SHARES 24,196 24,196
    FARO TECHNOLOGIES INC (FARO) 904.000 SHARES 63,850 63,850
    FBL FINL GROUP INC CL A (FFG) 708.000 SHARES 37,177 37,177
    FEDEX CORP )FDX) 88.000 SHARES 22,847 22,847
    FERGUSON PLC (FERGY) 5,348.000 SHARES 64,764 64,764
    FIBROGEN INC (FGEN) 650.000 SHARES 24,109 24,109
    FIREEYE INC (FEYE) 1,699.000 SHARES 39,179 39,179
    FIRST BUSEY CORP (BUSE) 922.000 SHARES 19,869 19,869
    FIRST HAWAIIAN INC (FHB) 1,627.000 SHARES 38,365 38,365
    FIRST HORIZON NATL CORP (FHN) 3,167.000 SHARES 40,411 40,411
    FLOWERS FOODS INC (FLO) 573.000 SHARES 12,967 12,967
    FORMFACTOR INC (FORM) 1,745.000 SHARES 75,070 75,070
    FORTIVE CORP (FTV) 1,033.000 SHARES 73,157 73,157
    FORWARD AIR CORP (FWRD) 718.000 SHARES 60,012 60,012
    FRESENIUS MED CARE AKTIENGESELLSCHAFT (FMS) 1,864.000 SHARES 77,468 77,468
    FUTUREFUEL CORP (FF) 1,216.000 SHARES 15,443 15,443
    G III APPAREL GROUP LTD (GIII) 907.000 SHARES 21,532 21,532
    GENPACT LTD (G) 285.000 SHARES 11,788 11,788
    GIBRALTAR INDS INC (ROCK) 1,043.000 SHARES 75,033 75,033
    GILEAD SCIENCES INC (GILD) 271.000 SHARES 15,788 15,788
    GLAXOSMITHKLINE PLC (GSK) 760.000 SHARES 27,968 27,968
    GLOBUS MED INC CL A (GMED) 276.000 SHARES 18,001 18,001
    GOLDMAN SACHS GROUP INC (GS) 64.000 SHARES 16,877 16,877
    GRAINGER WW INC (GWW) 40.000 SHARES 16,334 16,334
    GRAND CANYON ED INC (LOPE) 195.000 SHARES 18,156 18,156
    GRAPHIC PACKAGING HLDG CO (GPK) 3,169.000 SHARES 53,683 53,683
    GRAY TELEVISION INC (GTN) 488.000 SHARES 8,730 8,730
    GREENBRIER COS INC (GBX) 1,623.000 SHARES 59,045 59,045
    GREENBRIER COS INC (GBX) 731.000 SHARES 26,594 26,594
    GREENHILL & CO INC (GHL) 2,025.000 SHARES 24,584 24,584
    GRIFOLS S A SPONSORED (GRFS) 2,274.000 SHARES 41,933 41,933
    HALLIBURTON CO (HAL) 712.000 SHARES 13,457 13,457
    HANCOCK WHITNEY CORP (HWC) 839.000 SHARES 28,543 28,543
    HANG LUNG PPTYS LTD (HLPPY) 3,947.000 SHARES 51,982 51,982
    HARTFORD FINL SVCS GROUP INC (HIG) 294.000 SHARES 14,400 14,400
    HASBRO INC (HAS) 147.000 SHARES 13,750 13,750
    HDFC BK LTD (HDB) 626.000 SHARES 45,235 45,235
    HEALTHCARE TR AMER INC CL A (HTA) 872.000 SHARES 24,015 24,015
    HELEN OF TROY LTD (HELE) 73.000 SHARES 16,220 16,220
    HENKEL AG & CO KGAA (HENKY) 2,164.000 SHARES 52,315 52,315
    HENRY JACK & ASSOC INC (JKHY) 76.000 SHARES 12,311 12,311
    HERITAGE FINL CORP WASH (HFWA) 562.000 SHARES 13,145 13,145
    HERSHEY CO (HSY) 375.000 SHARES 57,124 57,124
    HEXCEL CORP (HXL) 950.000 SHARES 46,066 46,066
    HIL ROM HLDGS (HRC) 164.000 SHARES 16,067 16,067
    HILLTOP HLDGS INC (HTH) 513.000 SHARES 14,113 14,113
    HITACHI LTD (HTHIY) 1,843.000 SHARES 146,334 146,334
    HOLLYFRONTIER CORP (HFC) 527.000 SHARES 13,623 13,623
    HOME DEPOT INC (HD) 708.000 SHARES 188,059 188,059
    HONDA MTR LTD (HMC) 3,604.000 SHARES 101,813 101,813
    HOST HOTELS & RESORTS INC (HST) 912.000 SHARES 13,343 13,343
    HOSTESS BRANDS INC CL A (TWNK) 1,641.000 SHARES 24,024 24,024
    HOYA CORP (HOCPY) 973.000 SHARES 135,043 135,043
    HSBC HLDGS PLC (HSBC) 1,357.000 SHARES 35,160 35,160
    HUB GROUP INC CL A (HUBG) 815.000 SHARES 46,455 46,455
    HUBBELL INC (HUBB) 753.000 SHARES 118,063 118,063
    HYPERA S A (HYPMY) 2,657.000 SHARES 17,398 17,398
    IAC INTERACTIVECORP (IAC) 355.000 SHARES 67,219 67,219
    ICON PLC LTD (ICLR) 113.000 SHARES 22,033 22,033
    IDEX CORP (IEX) 152.000 SHARES 30,278 30,278
    IDEXX LABS INC (IDXX) 215.000 SHARES 107,472 107,472
    II-VI INC (IIVI) 1,528.000 SHARES 116,067 116,067
    ILLINOIS TOOL WORKS INC (ITW) 107.000 SHARES 21,815 21,815
    ILLUMINA INC (ILMN) 22.000 SHARES 8,140 8,140
    IMMUNOGEN INC (IMGN) 3,305.000 SHARES 21,317 21,317
    INDEPENDENT BK GROUP INC (IBTX) 335.000 SHARES 20,944 20,944
    INFINEON TECHNOLOGIES AG (IFNNY) 1,768.000 SHARES 68,156 68,156
    ING GROEP N V (ING) 8,297.000 SHARES 78,324 78,324
    INTEGER HLDGS CORP (ITGR) 560.000 SHARES 45,466 45,466
    INTEL CORP (INTC) 2,083.000 SHARES 103,775 103,775
    INTERNATIONAL BUSINESS MACHS CORP (IBM) 175.000 SHARES 22,029 22,029
    INTERPUBLIC GROUP COS INC (IPG) 956.000 SHARES 22,485 22,485
    INTESA SANPAOLO S P A (ISNPY) 5,520.000 SHARES 78,108 78,108
    INTL FLAVORS & FRAGRANCES INC (IFF) 85.000 SHARES 9,251 9,251
    INTRA-CELLULAR THERAPIES INC (ITCI) 756.000 SHARES 24,041 24,041
    INTUIT INCORPORATED (INTU) 289.000 SHARES 109,777 109,777
    INTUITIVE SURGICAL INC (ISRG) 66.000 SHARES 53,995 53,995
    INVACARE CORP (IVC) 1,944.000 SHARES 17,399 17,399
    INVESCO LTD (IVZ) 1,274.000 SHARES 22,206 22,206
    IONIS PHARMACEUTICALS INC (IONS) 1,037.000 SHARES 58,632 58,632
    IPG PHOTONICS CORP (IPGP) 109.000 SHARES 24,393 24,393
    IRIDIUM COMMUNICATIONS INC (IRDM) 2,721.000 SHARES 107,003 107,003
    ITAU UNIBANCO HLDG SA NS (ITUB) 9,702.000 SHARES 59,085 59,085
    JAPAN AIRLS LTD (JAPSY) 3,107.000 SHARES 30,045 30,045
    JOHNSON & JOHNSON (JNJ) 760.000 SHARES 119,609 119,609
    JOHNSON CTLS INTL PLC (JCI) 405.000 SHARES 18,869 18,869
    JONES LANG LASALLE INC (JLL) 63.000 SHARES 9,347 9,347
    JP MORGAN CHASE & CO (JPM) 1,707.000 SHARES 216,908 216,908
    JUNIPER NETWORKS INC (JNPR) 288.000 SHARES 6,483 6,483
    KAISER ALUM CORP (KALU) 230.000 SHARES 22,747 22,747
    KANSAS CITY SOUTHN (KSU) 356.000 SHARES 72,671 72,671
    KAO CORP (KAOOY) 4,009.000 SHARES 61,899 61,899
    KBC GROUP NV (KBCSY) 1,556.000 SHARES 54,289 54,289
    KENNEDY-WILSON HLDGS INC (KW) 2,366.000 SHARES 42,328 42,328
    KERRY GROUP PLC (KRYAY) 338.000 SHARES 50,592 50,592
    KEYCORP NEW (KEY) 1,890.000 SHARES 31,015 31,015
    KION GROUP (KIGRY) 1,295.000 SHARES 27,855 27,855
    KOHLS CORP (KSS) 502.000 SHARES 20,426 20,426
    KOMATSU LTD (KMTUY) 2,155.000 SHARES 59,656 59,656
    KONINKLIJKE PHILIPS N V (PHG) 1,191.000 SHARES 64,516 64,516
    KOPPERS HLDGS INC (KOP) 580.000 SHARES 18,073 18,073
    LAM RESEARCH CORP (LRCX) 437.000 SHARES 206,382 206,382
    LAMAR ADVERTISING CO NEW CL A (LAMR) 207.000 SHARES 17,227 17,227
    LANCASTER COLONY CORP (LANC) 78.000 SHARES 14,331 14,331
    LANTHEUS HLDGS INC (LNTH) 1,110.000 SHARES 14,974 14,974
    LEXICON PHARMACEUTICALS INC (LXRX) 10,576.000 SHARES 36,170 36,170
    LIBERTY MEDIA CORP DEL COM SER A SIRIUSXM GROUP (LSXMA) 445.000 SHARES 19,220 19,220
    LINCOLN ELEC HLDGS INC (LECO) 145.000 SHARES 16,856 16,856
    LINDE PLC (LIN) 132.000 SHARES 34,783 34,783
    LOWES COS INC (LOW) 112.000 SHARES 17,977 17,977
    LUMENTUM HLDGS INC (LITE) 1,364.000 SHARES 129,307 129,307
    M & T BK CORP (MTB) 263.000 SHARES 33,480 33,480
    MACK CALI RLTY CORP (CLI) 2,176.000 SHARES 27,113 27,113
    MACROGENICS INC (MGNX) 297.000 SHARES 6,789 6,789
    MADDEN STEVEN LTD (SHOO) 435.000 SHARES 15,364 15,364
    MADISON SQUARE GARDEN CO NEW CL A (MSG) 152.000 SHARES 27,983 27,983
    MALIBU BOATS INC COM CL A (MBUU) 203.000 SHARES 12,675 12,675
    MANHATTAN ASSOCS INC (MANH) 215.000 SHARES 22,614 22,614
    MARSH & MCLENNAN COS INC (MMC) 550.000 SHARES 64,350 64,350
    MARTEN TRANS LTD (MRTN) 826.000 SHARES 14,232 14,232
    MARVELL TECHNOLOGY GROUP LTD (MRVL) 2,248.000 SHARES 106,870 106,870
    MASCO CORP (MAS) 539.000 SHARES 29,607 29,607
    MASIMO CORP (MASI) 79.000 SHARES 21,202 21,202
    MATCH GROUP INC (MTCH) 766.000 SHARES 115,812 115,812
    MAXIMUS INC (MMS) 520.000 SHARES 38,059 38,059
    MCDONALDS CORP (MCD) 273.000 SHARES 58,580 58,580
    MEDPACE HLDGS INC (MEDP) 170.000 SHARES 23,664 23,664
    MEDTRONIC PLC (MDT) 1,148.000 SHARES 134,477 134,477
    MERCANTILE BK CORP (MBWM) 783.000 SHARES 21,274 21,274
    MERCK & CO INC (MRK) 1,251.000 SHARES 102,332 102,332
    MERCK & CO INC (MRK) 8,477.000 SHARES 693,389 693,389
    MERITAGE HOMES CORP (MTH) 382.000 SHARES 31,637 31,637
    METSO OUTOTEC CORP (OUKPY) 9,030.000 SHARES 44,558 44,558
    MICROSOFT CORP (MSFT) 2,657.000 SHARES 590,970 590,970
    MIDDLEBY CORP (MIDD) 74.000 SHARES 9,540 9,540
    MKS INSTRS INC (MKSI) 125.000 SHARES 18,806 18,806
    MODERNA INC (MRNA) 113.000 SHARES 11,805 11,805
    MONDELEZ INTL INC CL A (MDLZ) 312.000 SHARES 18,243 18,243
    MONDI PLC (MONDY) 1,280.000 SHARES 61,331 61,331
    MONOLITHIC PWR SYS INC (MPWR) 243.000 SHARES 88,994 88,994
    MOODYS CORP (MCO) 66.000 SHARES 19,156 19,156
    MORGAN STANLEY (MS) 592.000 SHARES 40,570 40,570
    MTU AERO ENGINES AG (MTUAY) 472.000 SHARES 61,431 61,431
    MUELLER INDS INC (MLI) 1,416.000 SHARES 49,716 49,716
    NASPERS LTD (NPSNY) 718.000 SHARES 29,180 29,180
    NATIONAL STORAGE AFFILIATES TR (NSA) 472.000 SHARES 17,006 17,006
    NESTLE SA (NSRGY) 544.000 SHARES 64,083 64,083
    NETAPP INC (NTAP) 173.000 SHARES 11,460 11,460
    NEW JERSEY RES CORP (NJR) 369.000 SHARES 13,118 13,118
    NEXSTAR MEDIA GROUP INC CL A (NXST) 201.000 SHARES 21,947 21,947
    NEXSTAR MEDIA GROUP INC CL A (NXST) 491.000 SHARES 53,612 53,612
    NIKE INC CL B (NKE) 1,159.000 SHARES 163,964 163,964
    NINTENDO LTD (NTDOY) 767.000 SHARES 61,759 61,759
    NIPPON TELEG & TELEPHONE CORP (NTTYY) 1,460.000 SHARES 37,522 37,522
    NLIGHT INC (LASR) 2,105.000 SHARES 68,728 68,728
    NORDSON CORP (NDSN) 430.000 SHARES 86,409 86,409
    NORTHERN TR CORP (NTRS) 1,005.000 SHARES 93,606 93,606
    NORTHRIM BANCORP INC (NRIM) 310.000 SHARES 10,525 10,525
    NORTHWESTERN CORP (NWE) 670.000 SHARES 39,068 39,068
    NOVANTA INC (NOVT) 135.000 SHARES 15,960 15,960
    NOVARTIS AG (NVS) 1,263.000 SHARES 119,265 119,265
    NOVO NORDISK A.S.(NVO) 788.000 SHARES 55,042 55,042
    NUANCE COMMUNICATIONS INC (NUAN) 559.000 SHARES 24,646 24,646
    NVIDIA CORP (NVDA) 84.000 SHARES 43,865 43,865
    OMNICOM GROUP INC (OMC) 330.000 SHARES 20,582 20,582
    ONE GAS INC (OGS) 307.000 SHARES 23,568 23,568
    ONTO INNOVATION INC (ONTO) 449.000 SHARES 21,350 21,350
    ORACLE CORP (ORCL) 1,925.000 SHARES 124,528 124,528
    ORIX CORP (IX) 965.000 SHARES 74,623 74,623
    ORSTED A/S (DNNGY) 879.000 SHARES 60,080 60,080
    PACIFIC PREMIER BANCORP (PPBI) 688.000 SHARES 21,555 21,555
    PACKAGING CORP AMER (PKG) 132.000 SHARES 18,204 18,204
    PARKER HANNIFIN CORP (PH) 76.000 SHARES 20,703 20,703
    PATRICK IND INC (PATK) 283.000 SHARES 19,343 19,343
    PAYPAL HLDGS INC (PYPL) 142.000 SHARES 33,256 33,256
    PC CONNECTION INC (CNXN) 339.000 SHARES 16,031 16,031
    PEBBLEBROOK HOTEL TR (PEB) 2,300.000 SHARES 43,240 43,240
    PEPSICO INC (PEP) 892.000 SHARES 132,284 132,284
    PERDOCEO ED CORP (PRDO) 716.000 SHARES 9,043 9,043
    PERKINELMER INC (PKI) 185.000 SHARES 26,548 26,548
    PFIZER INC (PFE) 862.000 SHARES 31,730 31,730
    PINNACLE FINL PARTNERS INC (PNFP) 215.000 SHARES 13,846 13,846
    PLUG PWR INC (PLUG) 9,979.000 SHARES 338,388 338,388
    PNC FINL SVCS GROUP INC (PNC) 725.000 SHARES 108,025 108,025
    PPG INDS INC (PPG) 230.000 SHARES 33,171 33,171
    PRESTIGE CONSUMER HEALTHCARE INC (PBH) 877.000 SHARES 30,581 30,581
    PRICE T ROWE GROUP INC (TROW) 331.000 SHARES 50,110 50,110
    PROCTER & GAMBLE CO (PG) 406.000 SHARES 56,491 56,491
    PROGRESS SOFTWARE CORP (PRGS) 333.000 SHARES 15,048 15,048
    PROGRESSIVE CORP OH (PGR) 145.000 SHARES 14,338 14,338
    PROLOGIS INC (PLD) 134.000 SHARES 13,354 13,354
    PROVIDENT FINL SVCS INC (PFS) 2,192.000 SHARES 39,368 39,368
    PRUDENTIAL FINL INC (PRU) 217.000 SHARES 16,941 16,941
    PRYSMIAN SPA (PRYMY) 1,752.000 SHARES 31,116 31,116
    PT BK RAKYAT (BKRKY) 717.000 SHARES 10,547 10,547
    PTC THERAPEUTICS INC (PTCT) 28.000 SHARES 1,709 1,709
    QORVO INC (QRVO) 1,067.000 SHARES 177,410 177,410
    QUALCOMM INC (QCOM) 160.000 SHARES 24,374 24,374
    QUANTA SVCS INC (PWR) 1,098.000 SHARES 79,078 79,078
    RADIAN GROUP INC (RDN) 1,501.000 SHARES 30,395 30,395
    RADNET INC (RDNT) 2,353.000 SHARES 46,048 46,048
    RAYMOND JAMES FINL INC (RJF) 575.000 SHARES 55,010 55,010
    RECKITT BENCKISER PLC (RBGLY) 1,434.000 SHARES 25,984 25,984
    RECRUIT HLDGS CO LTD (RCRUY) 4,453.000 SHARES 37,450 37,450
    RED ELECTRICA DE ESPANA (RDEIY) 3,165.000 SHARES 32,758 32,758
    REGENCY CTRS CORP (REG) 230.000 SHARES 10,486 10,486
    REGENERON PHARMACEUTICALS INC (REGN) 201.000 SHARES 97,105 97,105
    REINSURANCE GROUP AMER INC (RGA) 219.000 SHARES 25,382 25,382
    RELIANCE STL & ALUM CO (RS) 318.000 SHARES 38,081 38,081
    RENAISSANCE RE HOLDINGS LTD (RNR) 228.000 SHARES 37,807 37,807
    RESMED INC (RMD) 63.000 SHARES 13,391 13,391
    ROBERT HALF INTL INC (RHI) 755.000 SHARES 47,172 47,172
    ROCHE HLDGS LTD (RHHBY) 2,399.000 SHARES 105,172 105,172
    ROCKWELL AUTOMATION INC (ROK) 66.000 SHARES 16,553 16,553
    ROGERS CORP (ROG) 214.000 SHARES 33,232 33,232
    ROSS STORES INC (ROST) 595.000 SHARES 73,072 73,072
    ROYAL CARIBBEAN CRUISES LTD (RCL) 856.000 SHARES 63,935 63,935
    RPM INTL INC (RPM) 238.000 SHARES 21,606 21,606
    S&P GLOBAL INC (SPGI) 56.000 SHARES 18,409 18,409
    SALESFORCE.COM INC (CRM) 134.000 SHARES 29,819 29,819
    SAMPO OYJ (SAXPY) 3,500.000 SHARES 75,390 75,390
    SANDY SPRING BANCORP INC CMT (SASR) 1,161.000 SHARES 37,373 37,373
    SANFILIPPO JOHN B & SON INC (JBSS) 169.000 SHARES 13,327 13,327
    SAP AE (SAP) 319.000 SHARES 41,594 41,594
    SAPIENS INTL CORP (SPNS) 714.000 SHARES 21,856 21,856
    SAREPTA THERAPEUTICS INC (SRPT) 245.000 SHARES 41,770 41,770
    SCHEIN HENRY INC (HSIC) 117.000 SHARES 7,823 7,823
    SCHNEIDER (SBGSY) 4,021.000 SHARES 116,408 116,408
    SCHWAB CHARLES CORP (SCHW) 316.000 SHARES 16,761 16,761
    SCRIPPS E W CO OHIO CL A (SSP) 1,353.000 SHARES 20,687 20,687
    SEAGEN INC (SGEN) 626.000 SHARES 109,638 109,638
    SEAWORLD ENTMT INC (SEAS) 2,129.000 SHARES 67,255 67,255
    SEI INVESTMENTS CO (SEIC) 380.000 SHARES 21,839 21,839
    SEMPRA ENERGY (SRE) 88.000 SHARES 11,212 11,212
    SENSATA TECHNOLOGIES HOLDING PLC (ST) 1,966.000 SHARES 103,687 103,687
    SERVICENOW INC (NOW) 168.000 SHARES 92,472 92,472
    SHERWIN WILLIAMS CO (SHW) 24.000 SHARES 17,638 17,638
    SHIMANO (SMNNY) 1,216.000 SHARES 28,612 28,612
    SHINHAN FINL GROUP CO LTD (SHG) 1,878.000 SHARES 55,889 55,889
    SHISEIDO LTD (SSDOY) 525.000 SHARES 36,383 36,383
    SIGNATURE BK NEW YORK N Y (SBNY) 122.000 SHARES 16,505 16,505
    SINGAPORE TELECOMMUNICATIONS LTD (SGAPY) 1,695.000 SHARES 29,493 29,493
    SMITH & NEPHEW P L C (SNN) 602.000 SHARES 25,386 25,386
    SMITH A O CORP (AOS) 269.000 SHARES 14,747 14,747
    SMUCKER J M CO (SJM) 273.000 SHARES 31,559 31,559
    SONY CORP (SNE) 952.000 SHARES 96,247 96,247
    SOUTH ST CORP (SSB) 306.000 SHARES 22,124 22,124
    SOUTH ST CORP (SSB) 487.000 SHARES 35,210 35,210
    SOUTHWEST GAS HLDGS INC (SWX) 318.000 SHARES 19,319 19,319
    SOUTHWEST GAS HLDGS INC (SWX) 584.000 SHARES 35,478 35,478
    SPECTRUM BRANDS HLDGS INC NEW (SPB) 586.000 SHARES 46,282 46,282
    SPIRE INC (SR) 586.000 SHARES 37,527 37,527
    SQUARE INC CL A (SQ) 190.000 SHARES 41,352 41,352
    STAG INDL INC (STAG) 1,157.000 SHARES 36,238 36,238
    STAG INDL INC (STAG) 469.000 SHARES 14,689 14,689
    STANDARD CHARTERED (SCBFY) 3,489.000 SHARES 44,624 44,624
    STANLEY BLACK & DECKER INC (SWK) 104.000 SHARES 18,570 18,570
    STARBUCKS CORP (SBUX) 1,781.000 SHARES 190,531 190,531
    STATE STR CORP (STT) 155.000 SHARES 11,281 11,281
    STERIS PLC (STE) 128.000 SHARES 24,261 24,261
    STOCK YDS BANCORP INC (SYBT) 360.000 SHARES 14,573 14,573
    STRYKER CORP (SYK) 454.000 SHARES 111,248 111,248
    SVB FINL GROUP (SIVB) 82.000 SHARES 31,802 31,802
    SYNEOS HEALTH INC CL A (SYNH) 594.000 SHARES 40,469 40,469
    TAIWAN SEMICONDUCTOR MFG CO (TSM) 465.000 SHARES 50,704 50,704
    TAYLOR MORRISON HOME CORP (TMHC) 1,021.000 SHARES 26,189 26,189
    TAYLOR MORRISON HOME CORP (TMHC) 1,511.000 SHARES 38,757 38,757
    TCF FINL CORP (TCF) 1,000.000 SHARES 37,020 37,020
    TDK CORP (TTDKY) 395.000 SHARES 59,876 59,876
    TE CONNECTIVITY LTD (TEL) 142.000 SHARES 17,192 17,192
    TECHNIPFMC LIMITED (FTI) 4,476.000 SHARES 42,075 42,075
    TEGNA INC (TGNA) 2,711.000 SHARES 37,818 37,818
    TELOS CORP MD (TLS) 832.000 SHARES 27,439 27,439
    TENABLE HLDGS INC (TENB) 901.000 SHARES 47,086 47,086
    TESLA INC (TSLA) 57.000 SHARES 40,223 40,223
    TEXAS INSTRUMENTS INC (TXN) 147.000 SHARES 24,127 24,127
    TEXAS ROADHOUSE INC (TXRH) 241.000 SHARES 18,837 18,837
    THERMO FISHER SCIENTIFIC INC (TMO) 221.000 SHARES 102,937 102,937
    TIFFANY & CO (TIF) 61.000 SHARES 8,018 8,018
    TILLYS INC CL A (TLYS) 1,324.000 SHARES 10,804 10,804
    TJX COS INC (TJX) 384.000 SHARES 26,223 26,223
    TOPBUILD CORP (BLD) 96.000 SHARES 17,672 17,672
    TRACTOR SUPPLY CO (TSCO) 125.000 SHARES 17,573 17,573
    TREEHOUSE FOODS INC (THS) 300.000 SHARES 12,747 12,747
    TREEHOUSE FOODS INC (THS) 660.000 SHARES 28,043 28,043
    TRICO BANCSHARES (TCBK) 555.000 SHARES 19,580 19,580
    TRIMBLE INC (TRMB) 1,829.000 SHARES 122,122 122,122
    TUTOR PERINI CORP (TPC) 1,207.000 SHARES 15,631 15,631
    TYLER TECHNOLOGIES INC (TYL) 111.000 SHARES 48,454 48,454
    UBS GROUP (UBS) 5,285.000 SHARES 74,677 74,677
    ULTRA CLEAN HLDGS INC (UCTT) 919.000 SHARES 28,627 28,627
    ULTRAGENYX PHARMACEUTICAL INC (RARE) 228.000 SHARES 31,562 31,562
    UMB FINL CORP (UMBF) 94.000 SHARES 6,485 6,485
    UMH PPTYS INC (UMH) 1,245.000 SHARES 18,438 18,438
    UNIFIRST CORP MASS (UNF) 127.000 SHARES 26,885 26,885
    UNIFIRST CORP MASS (UNF) 234.000 SHARES 49,535 49,535
    UNILEVER PLC (UL) 1,461.000 SHARES 88,186 88,186
    UNION PAC CORP (UNP) 640.000 SHARES 133,261 133,261
    UNITED CMNTY BK BLAIRSVILLE GA (UCBI) 1,267.000 SHARES 36,033 36,033
    UNITED PARCEL SVC INC CL B (UPS) 519.000 SHARES 87,400 87,400
    UNITEDHEALTH GROUP INC (UNH) 833.000 SHARES 292,116 292,116
    UNIVERSAL ELECTRS INC (UEIC) 327.000 SHARES 17,154 17,154
    US BANCORP DEL (USB) 902.000 SHARES 42,024 42,024
    VALEO (VLEEY) 1,645.000 SHARES 32,242 32,242
    VALMONT INDUSTRIES INC (VMI) 298.000 SHARES 52,129 52,129
    VARIAN MED SYS INC (VAR) 77.000 SHARES 13,476 13,476
    VENTAS INC (VTR) 318.000 SHARES 15,595 15,595
    VERISK ANALYTICS INC (VRSK) 580.000 SHARES 120,402 120,402
    VERITEX HLDGS INC (VBTX) 644.000 SHARES 16,525 16,525
    VERIZON COMMUNICATIONS INC (VZ) 1,683.000 SHARES 98,876 98,876
    VESTAS WIND SYS (VWDRY) 1,181.000 SHARES 92,390 92,390
    VIAVI SOLUTIONS INC (VIAV) 3,127.000 SHARES 46,827 46,827
    VISA INC (V) 1,239.000 SHARES 271,007 271,007
    VISHAY INTERTECHNOLOGY INC (VSH) 1,450.000 SHARES 30,030 30,030
    VODAFONE GROUP PLC (VOD) 2,047.000 SHARES 33,735 33,735
    VONTIER CORP (VNT) 413.000 SHARES 13,794 13,794
    VORNADO RLTY TR (VNO) 244.000 SHARES 9,110 9,110
    WABTEC (WAB) 191.000 SHARES 13,981 13,981
    WALMART INC (WMT) 217.000 SHARES 31,281 31,281
    WASHINGTON FED INC (WAFD) 1,529.000 SHARES 39,356 39,356
    WATERS CORP (WAT) 325.000 SHARES 80,412 80,412
    WELLS FARGO & CO (WFC) 944.000 SHARES 28,490 28,490
    WERNER ENTERPRISES INC (WERN) 1,141.000 SHARES 44,750 44,750
    WEST PHARMACEUTICAL SVCS INC (WST) 331.000 SHARES 93,776 93,776
    WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) 12.000 SHARES 12,008 12,008
    WILLIAMS COS INC (WMB) 626.000 SHARES 12,551 12,551
    WILLIAMS SONOMA INC (WSM) 291.000 SHARES 29,635 29,635
    WILLIAMS SONOMA INC (WSM) 336.000 SHARES 34,218 34,218
    WORLD WRESTLING ENTMT INC CL A (WWE) 656.000 SHARES 31,521 31,521
    WSFS FINL CORP (WSFS) 513.000 SHARES 23,023 23,023
    XYLEM INC (XYL) 112.000 SHARES 11,400 11,400
    YAMAHA CORP (YAMCY) 511.000 SHARES 30,037 30,037
    YUM BRANDS INC (YUM) 155.000 SHARES 16,827 16,827
    ZAGG INC (ZAGG) 2,632.000 SHARES 10,969 10,969

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    US Government Securities - End of Year Book Value:

    2,828,739
    US Government Securities - End of Year Fair Market Value:

    2,828,739
    State & Local Government Securities - End of Year Book Value:


    1,477,141
    State & Local Government Securities - End of Year Fair Market Value:


    1,477,141


    TY 2020 InvestmentsOtherSchedule2
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    AMG TIMESSQUARE INTERNATIONAL SMALL CAP CL I (TQTIX) 215,065.103 SHARES FMV 3,976,554 3,976,554
    BOSTON IMPACT INITIATIVE FUND 4.00% 12/01/25 25,000 QTY FMV 25,000 25,000
    BOXPOWER INC. 2.95% 05/22/21 FMV 50,000 50,000
    CALVERT ABSOLUTE RETURN BOND FUND CLASS I (CUBIX) 144,745.011 SHARES FMV 2,210,256 2,210,256
    CLEAN GROWTH FUND IV, LP FMV 410,982 410,982
    CLEAN GROWTH FUND V, LP FMV 143,227 143,227
    DBL PARTNERS III, LP FMV 514,859 514,859
    ECOSYSTEM INTEGRITY FUND III, LP FMV 381,501 381,501
    ECOSYSTEM INTEGRITY FUND IV, LP FMV 62,876 62,876
    ECOSYSTEM INVESTMENT PARTNERS II, LP FMV 401,117 401,117
    ECOSYSTEM INVESTMENT PARTNERS III, LP FMV 323,163 323,163
    GENERATION IM CLIMATE SOLUTIONS FUND (II) (U.S.), L.P. FMV 1,132,806 1,132,806
    GENERATION IM CLIMATE SOLUTIONS FUND (U.S.), L.P. FMV 127,793 127,793
    GENERATION IM GLOBAL EQUITY FUND, LLC FMV 7,673,895 7,673,895
    GERDING EDLEN GREEN CITIES IV, LP FMV 177,058 177,058
    GREEN CITY GROWERS, LLC 5.00% 02/23/22 25,000 QTY FMV 25,000 25,000
    GREEN CITY GROWERS, LLC 5.00% 12/03/23 25,000 QTY FMV 25,000 25,000
    HIGHLAND ELECTRIC TRANSPORTATION 3.25% 12/21/22 75,000 QTY FMV 75,000 75,000
    LOCAL ENTERPRISE ASSISTANCE FUND 3.00% 01/15/24 50,000 QTY FMV 50,000 50,000
    LOCAL ENTERPRISE ASSISTANCE FUND 3.00% 12/14/24 50,000 QTY FMV 50,000 50,000
    MCE SOCIAL CAPITAL FMV 500,000 500,000
    NATURAL CAPITAL INVESTMENT FUND 2.00% 05/31/22 25,000 QTY FMV 25,000 25,000
    NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND II LP FMV 264,456 264,456
    NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND LP FMV 1,007,976 1,007,976
    PHILAIMPACT 1.50% 12/31/23 300,000 QTY FMV 300,000 300,000
    RBC MARKETS EQUITY FUND CLASS I (REEIX) 354,132.144 SHARES FMV 5,124,292 5,124,292
    RENEW ENERGY PARTNER, LLC FMV 50,000 50,000
    ROCKPORT CAPITAL PARTNERS III, LP FMV 230,103 230,103
    SEALED INC. 6.00% 07/15/21 50,000 QTY FMV 50,000 50,000
    SJF VENTURES III, LP FMV 611,866 611,866
    SJF VENTURES IV, LP FMV 793,970 793,970
    SJF VENTURES V, LP FMV 71,969 71,969
    SUMMIT PARTNERS SUSTAINABLE OPPORTUNITIES L/S QP FUND, L.P. FMV 3,503,886 3,503,886
    SUN INITIATIVE II 3.50% 12/31/25 25,000 QTY FMV 25,000 25,000
    SUNWEALTH LOAN COMPANY 4, LLC 5.00% 09/30/24 75,000 QTY FMV 75,000 75,000
    SUNWEALTH NOTE POOL 2 LLC FMV 21,141 21,141
    THE LYME FOREST FUND III TE LIMITED PARTNERSHIP FMV 224,093 224,093
    THE LYME FOREST FUND IV TE LP FMV 486,753 486,753
    THE LYME FOREST FUND V TE LP FMV 301,141 301,141

    TY 2020 OtherAssetsSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST AND DIVIDENDS RECEIVABLE 5,539 46,653 46,653
    INVESTMENTS RECEIVABLE 0 109,031 109,031


    TY 2020 OtherDecreasesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Amount
    DEFERRED FEDERAL EXCISE TAX EXPENSE 77,454


    TY 2020 OtherExpensesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 2,795 0   2,840
    OFFICE EXPENSE AND SUPPLIES 22,952 0   17,590
    OTHER INVESTMENT EXPENSES 11,537 11,537   0
    SCHEDULE K-1S: OTHER DEDUCTIONS, NET OF UBI 0 264,213   0


    TY 2020 OtherIncomeSchedule2
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INVESTMENT INCOME 77 77 77
    THRU SCHEDULE K-1 - ORDINARY BUSINESS INCOME (LOSS), NET OF UBI 0 -10,827 0
    THRU SCHEDULE K-1 - NET RENTAL REAL ESTATE INCOME, NET OF UBI 0 2,544 0
    THRU SCHEDULE K-1 - ROYALTIES, NET OF UBI 0 49 0
    THRU SCHEDULE K-1 - OTHER INCOME (LOSS), NET OF UBI 0 558,506 0
    GRANT REFUNDS 528   528


    TY 2020 OtherIncreasesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 6,314,768


    TY 2020 OtherLiabilitiesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX 311,546 389,000
    DEFERRED RENT 0 1,210


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROGRAM CONSULTANTS 146,130 0   146,130
    INVESTMENT ADVISORY FEES 85,000 85,000   0
    INVESTMENT MANAGEMENT FEES 136,288 136,288   0


    TY 2020 TaxesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 55,970 0   0
    STATE UNRELATED BUSINESS INCOME TAX 775 0   0
    FOREIGN TAXES WITHHELD 9,564 9,564   0
    SCHEDULE K-1S: TAXES, NET OF UBI 0 5,898   0