Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
THE JACK SATTER FOUNDATION
C/O HEMENWAY TRUST COMPANY
Number and street (or P.O. box number if mail is not delivered to street address)25 PELHAM ROAD SUITE 402
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALEM, NH03079
A Employer identification number

65-6316190
B Telephone number (see instructions)

(603) 913-8022
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$72,725,095J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,289,804 1,289,804  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,109,142
b Gross sales price for all assets on line 6a 19,197,754
7 Capital gain net income (from Part IV, line 2)... 1,582,795
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,398,946 2,872,599  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 100,000 0   100,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 6,509 3,255   3,254
c Other professional fees (attach schedule).... Click to see attachment 380,966 178,430   202,536
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 51,652 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 275 275   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 539,402 181,960   305,790
25 Contributions, gifts, grants paid....... 4,670,339 4,670,339
26 Total expenses and disbursements. Add lines 24 and 25 5,209,741 181,960   4,976,129
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,810,795
b Net investment income (if negative, enter -0-) 2,690,639
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,479,628 5,343,000 5,343,000
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 9,032,101 Click to see attachment7,949,302 8,482,985
b Investments—corporate stock (attach schedule)....... 31,073,725 Click to see attachment26,556,246 44,918,395
c Investments—corporate bonds (attach schedule)....... 13,053,314 Click to see attachment12,979,425 13,980,715
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 55,638,768 52,827,973 72,725,095
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 55,638,768 52,827,973
29 Total net assets or fund balances (see instructions)..... 55,638,768 52,827,973
30 Total liabilities and net assets/fund balances (see instructions). 55,638,768 52,827,973
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
55,638,768
2
Enter amount from Part I, line 27a .....................
2
-2,810,795
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
52,827,973
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
52,827,973
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 VARIOUS PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 19,060,386   17,614,959 1,445,427
b 137,368     137,368
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,445,427
b       137,368
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,582,795
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 37,400
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 37,400
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 37,400
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 60,000
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 60,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 22,600
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet22,600 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletFL
    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 addressbulletN/A
    14
    The books are in care ofbulletHEMENWAY TRUST COMPANY Telephone no.bullet (603) 913-8022

    Located atbullet25 PELHAM ROAD SUITE 402SALEMNH ZIP+4bullet03079
    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
    SAMUEL LEVY TRUSTEE
    3.00     		20,000 0 0
    12 CRESTWOOD DRIVE
    FRAMINGHAM,MA01701
    SYLVIA LEVY TRUSTEE
    3.00     		20,000 0 0
    12 CRESTWOOD DRIVE
    FRAMINGHAM,MA01701
    ERIC M WOLF TRUSTEE
    11.00     		30,000 0 0
    3891 TOULOUSE DRIVE
    PALM BEACH GARDENS,FL33410
    MARY LOU COCCI TRUSTEE
    10.00     		30,000 0 0
    3891 TOULOUSE DRIVE
    PALM BEACH GARDENS,FL33410
    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
    HEMENWAY & BARNES LLP LEGAL & GRANT MANAGEMENT SERVICES 202,536
    75 STATE STREET
    BOSTON,MA02109
    HEMENWAY TRUST CO LLC INVESTMENT MANAGEMENT SERVICES 135,024
    25 PELHAM ROAD
    SALEM,NH03079
    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
    63,964,367
    b
    Average of monthly cash balances.......................
    1b
    2,450,509
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    66,414,876
    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
    66,414,876
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    996,223
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    65,418,653
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,270,933
    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
    3,270,933
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    37,400
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    37,400
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,233,533
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,233,533
    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
    3,233,533
    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
    4,976,129
    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
    4,976,129
    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
    4,976,129
    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 3,233,533
    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......  
    b From 2016......  
    c From 2017......  
    d From 2018...... 601,489
    e From 2019...... 963,964
    fTotal of lines 3a through e........ 1,565,453
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 4,976,129
    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..... 3,233,533
    e Remaining amount distributed out of corpus 1,742,596
    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 3,308,049
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		3,308,049
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018.... 601,489
    d Excess from 2019.... 963,964
    e Excess from 2020.... 1,742,596
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ACCESSPORTAMERICA INC
    119 HIGH STREET
    ACTON,MA01720     		  PC SUMMER SPORT PROGRAM AT WATCH CITY 30,000
    ACCESSPORTAMERICA INC
    119 HIGH STREET
    ACTON,MA01720     		  PC GAIT TRAINER PROGRAM 30,000
    AMERICAN CANCER SOCIETY
    3 SPEEN STREET SUITE 250
    FRAMINGHAM,MA01701     		  PC TO SUPPORT THE ASTRAZENECA HOPE LODGE IN BOSTON, IN MEMORY OF EDNA GLASS 10,000
    AMERICAN CANCER SOCIETY
    3 SPEEN STREET SUITE 250
    FRAMINGHAM,MA01701     		  PC HOTEL PARTNERS PROGRAM IN BOSTON 150,000
    AMERICAN CANCER SOCIETY
    3 SPEEN STREET SUITE 250
    FRAMINGHAM,MA01701     		  PC HOPE LODGE 83,000
    AMERICAN FRIENDS OF SHALVA ISRAEL INC
    315 FIFTH AVENUE 6TH FLOOR
    NEW YORK,NY10016     		  PC UNRESTRICTED SUPPORT 5,000
    BEACON ACADEMY
    477 LONGWOOD AVENUE
    BOSTON,MA02215     		  PC ALUMNI AND SUMMER PROGRAMS 75,000
    BOSTON MEDICAL CENTER CORPORATION
    801 MASSACHUSETTS AVENUE FIRST
    FLOOR
    BOSTON,MA02118     		  PC BOSTON CATALYST 398,139
    BOSTON MEDICAL CENTER CORPORATION
    801 MASSACHUSETTS AVENUE FIRST
    FLOOR
    BOSTON,MA02118     		  PC CANCER PATIENT NAVIGATOR PROGRAM 83,000
    BRIGHAM AND WOMEN'S HOSPITAL
    116 HUNTINGTON AVENUE 3RD FLOOR
    BOSTON,MA02116     		  PC ESTABLISHMENT OF STEPPING STRONG INNOVATOR AWARDS ENDOWMENT 250,000
    BRIGHAM AND WOMEN'S HOSPITAL
    116 HUNTINGTON AVENUE 3RD FLOOR
    BOSTON,MA02116     		  PC GILLIAN RENY STEPPING STRONG CENTER FOR TRAUMA INNOVATION DIRECTORSHIP 200,000
    CATIE'S CLOSET
    19 SCHOOL STREET
    DRACUT,MA018264617     		  PC PROGRAM EXPANSION 50,000
    CITIZEN SCHOOLS
    1 BEACON STREET 2ND FLOOR
    BOSTON,MA02108     		  PC EXPANDING MENTOR-LED HANDS-ON STEM LEARNING FOR SOMERVILLE MIDDLE SCHOOL STUDENTS 75,000
    COTTING SCHOOL
    453 CONCORD AVENUE
    LEXINGTON,MA02421     		  PC PROJECT BRIDGES AND TRANSITION SERVICES 50,000
    EDVESTORS INC
    140 CLARENDON STREET STE 401
    BOSTON,MA02116     		  PC ZEROING IN ON MATH PROGRAM 75,000
    ELS FOR AUTISM
    18370 LIMESTONE CREEK ROAD
    JUPITER,FL33458     		  PC OPERATING SUPPORT 150,000
    GREATER BOSTON FOOD BANK
    70 SOUTH BAY AVENUE
    BOSTON,MA02118     		  PC UNRESTRICTED SUPPORT 5,000
    HANLEY FOUNDATION
    700 SOUTH DIXIE HIGHWAY STE 103
    WEST PALM BEACH,FL33401     		  PC PROJECT COPE 75,000
    HANLEY FOUNDATION
    700 SOUTH DIXIE HIGHWAY STE 103
    WEST PALM BEACH,FL33401     		  PC BOTVIN LIFESKILLS TRAINING PROGRAM 75,000
    HEBREW SENIORLIFE INC
    1200 CENTRE STREET
    BOSTON,MA02131     		  PC UNRESTRICTED SUPPORT 5,000
    HEBREW SENIORLIFE INC
    1200 CENTRE STREET
    BOSTON,MA02131     		  PC UNRESTRICTED SUPPORT 500,000
    HEBREW SENIORLIFE INC
    1200 CENTRE STREET
    BOSTON,MA02131     		  PC EMERGENCY GRANT TO HEBREW SENIORLIFE FOR THE JACK SATTER HOUSE TO ADDRESS COVID-19 5,000
    HEBREW SENIORLIFE INC
    1200 CENTRE STREET
    BOSTON,MA02131     		  PC EMERGENCY GRANT TO HEBREW SENIORLIFE FOR THE JACK SATTER HOUSE TO ADDRESS COVID-19 125,000
    HEBREW SENIORLIFE INC
    1200 CENTRE STREET
    BOSTON,MA02131     		  PC JEWISH PROGRAMMING AT THE JACK SATTER HOUSE 25,000
    HUMANE SOCIETY OF GREATER JUPITER TEQUESTA INC
    100 CAPITAL STREET
    JUPITER,FL33458     		  PC SHELTER TO SERVICE DOG PROGRAM 15,000
    HUMANE SOCIETY OF GREATER JUPITER TEQUESTA INC
    100 CAPITAL STREET
    JUPITER,FL33458     		  PC SHELTER TO SERVICE DOG PROGRAM 45,000
    JEWISH BROADCASTING SERVICE
    PO BOX 360
    STAMFORD,CT06904     		  PC GENERAL OPERATING SUPPORT 5,000
    JUPITER MEDICAL CENTER FOUNDATION
    1210 SOUTH OLD DIXIE HIGHWAY
    JUPITER,FL33458     		  PC EXPAND ITS PRIMARY STROKE PROGRAM INTO A COMPREHENSIVE STROKE CENTER TO EXPAND PATIENT SERVICES 200,000
    JUPITER MEDICAL CENTER FOUNDATION
    1210 SOUTH OLD DIXIE HIGHWAY
    JUPITER,FL33458     		  PC MINIMALLY INVASIVE CARDIAC SURGERY PROGRAM 200,000
    KENZI'S CAUSES
    730 COLORADO BOULEVARD SUITE 200
    DENVER,CO80206     		  PC FOR THE KENZI'S KIDZ PROGRAM IN HONOR OF LORNE LEVY 5,000
    MAINE JEWISH MUSEUM
    267 CONGRESS STREET
    PORTLAND,ME04101     		  PC IN RESPONSE TO FIRE AND WATER DAMAGE TO THE ETZ CHAIM SYNAGOGUE 5,000
    MASSACHUSETTS GENERAL HOSPITAL
    125 NASHUA STREET SUITE 540
    BOSTON,MA02114     		  PC SUPPORT OF MIND (MASSGENERAL INSTITUTE FOR NEURODEGENERATIVE DISEASE) 250,000
    MASSACHUSETTS GENERAL HOSPITAL
    125 NASHUA STREET SUITE 540
    BOSTON,MA02114     		  PC ALZHEIMER CAREGIVER SUPPORT PROGRAM 250,000
    MINDING YOUR MIND
    124 SIBLEY AVENUE
    ARDMORE,PA19003     		  PC OPERATING SUPPORT 250,000
    MINDING YOUR MIND
    124 SIBLEY AVENUE
    ARDMORE,PA19003     		  PC AN UNRESTRICTED GRANT 10,000
    MOUNTAIN VISTA BOOSTER CLUB
    10585 MOUNTAIN VISTA RIDGE
    HIGHLANDS RANCH,CO80126     		  PC FOR BASEBALL AND IN HONOR OF LORNE AND LOUIS LEVY 5,000
    NEADS
    PO BOX 1100
    PRINCETON,MA01541     		  PC CONTINUED SUPPORT FOR THE VETERANS PROGRAM 100,000
    ONE MISSION
    69 MILK STREET SUITE 300
    WESTBOROUGH,MA01581     		  PC FUNDS FOR MUSIC THERAPY AND OTHER PROGRAMS AT BOSTON CHILDRENS HOSPITAL 100,000
    PEDIATRIC ONCOLOGY SUPPORT TEAM INC
    927 45TH STREET SUITE 203
    WEST PALM BEACH,FL33407     		  PC COVID-19 RESPONSE FUNDS 20,000
    RIVERS SCHOOLTHE
    333 WINTER STREET
    WESTON,MA02493     		  PC TO ESTABLISH THE SATTER SCHOLARS PROGRAM 50,000
    RIVERS SCHOOLTHE
    333 WINTER STREET
    WESTON,MA02493     		  PC EXISTING AUXILIARY FINANCIAL AID ENDOWMENT 100,000
    SPAULDING REHABILITATION HOSPITAL
    1575 CAMBRIDGE STREET
    CAMBRIDGE,MA02138     		  PC RESEARCH ACCELERATOR SUPPORT 200,000
    SPAULDING REHABILITATION HOSPITAL
    1575 CAMBRIDGE STREET
    CAMBRIDGE,MA02138     		  PC GENERAL OPERATING SUPPORT FOR THE PEDIATRICS PROGRAM 200,000
    UNIVERSITY OF MASSACHUSETTS FOUNDATION
    ONE BEACON STREET 3RD FLOOR
    BOSTON,MA02108     		  PC ENHANCING STUDENT VETERANS' SUCCESS PROJECT 25,000
    WOUNDED VETERANS RELIEF FUND
    300 PROSPERITY FARMS ROAD SUITE F
    NORTH PALM BEACH,FL33408     		  PC TO PROVIDE EMERGANCY FINANCIAL ASSISTANCE TO FLORIDA'S DISABLED VETERANS AND THEIR FAMILIES 50,000
    WOUNDED VETERANS RELIEF FUND
    300 PROSPERITY FARMS ROAD SUITE F
    NORTH PALM BEACH,FL33408     		  PC UNRESTRICTED SUPPORT 10,000
    ZENO MOUNTAIN FARM
    950 ZENO ROAD
    BRISTOL,VT05443     		  PC GENERAL OPERATING SUPPORT 46,200
    Total .................................bullet 3a 4,670,339
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 1,289,804  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,109,142  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,398,946 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,398,946
    (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

    TY 2020 AccountingFeesSchedule
    Name:
    THE JACK SATTER FOUNDATION
     
    C/O HEMENWAY TRUST COMPANY
    EIN:
    65-6316190
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    HEMENWAY & BARNES LLP TAX PREPARATION 6,509 3,255   3,254

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE JACK SATTER FOUNDATION
     
    C/O HEMENWAY TRUST COMPANY
    EIN:
    65-6316190
    Name of Bond End of Year Book Value End of Year Fair Market Value
    319634.72 VANGUARD S/T CORPORATE-INV 3,362,557 3,525,571
    500000 PEPSICO INC 3.00% 08/25/2021 500,292 509,200
    157000 AECOM 5.875% 10/15/2024 167,569 175,099
    31000 AECOM SR GLBL NT 27 5.125% 03/15/2027 31,371 34,498
    163000 ANHEUSER-BUSCH COS LLC 3.65% 02/01/2026 169,152 184,250
    173000 BORGWARNER INC SR NT 2.65% 07/01/2027 173,955 186,025
    228000 BOSTON PPTYS LTD 4.5% 12/01/2028 254,723 272,697
    155000 CAMPBELL SOUP CO 4.15% 03/15/2028 173,136 182,300
    152000 CHARTER COMM OPT LLC/CAP 4.908% 07/23/25 158,994 176,540
    186000 CIT GROUP INC SUB GLBL 6.125% 03/09/2028 200,123 226,455
    229000 COMCAST CORP NEW DTD 10/05/2018 4.150% 10/15/2028 255,782 275,663
    168000 COMMONSPIRIT HEALTH BD 3.347% 10/01/2029 168,000 184,476
    123000 CROWN AMER/CAP CORP IV 4.50% 01/15/2023 125,923 129,781
    48000 CROWN AMERS LLC 4.25% 09/30/2026 47,961 52,903
    154000 CROWN CASTLE INTL CORP 4.3% 02/15/2029 164,684 182,901
    152000 CVS HEALTH CORP 5.125% 07/20/2045 177,314 204,647
    185000 DIAMONDBACK ENERGY INC 3.5% 12/01/2029 183,056 197,639
    161000 ELANCO ANIMAL HEALTH INC 4.9% 08/28/2028 174,421 189,980
    160000 ENERGY TRANSFER OPERATING 5.25% 04/15/29 177,076 186,810
    156000 FISERV INC SR GLBL NT 4.2% 10/01/2028 159,703 185,999
    169000 FORD MTR CO DEL SR 8.5% 04/21/2023 184,533 190,211
    170000 FREEPORT MCMORAN INC 4.55% 11/14/2024 170,759 185,725
    191000 GENERAL MOTORS FINL CO 4.25% 05/15/2023 193,311 205,854
    148000 GEORGE WASHINGTON 4.126% 09/15/2048 148,802 187,424
    157000 GMAC LLC DTD 12/31/2008 8.00% 11/1/2031 192,774 230,456
    285000 GOLDMAN SACHS GROUP 4.4% 12/31/2099 259,350 291,413
    165000 HCA INC. SR GLBL NT 5.375% 02/01/2025 179,876 185,547
    155000 HOWMET AEROSPACE INC 6.875% 05/01/2025 179,500 181,350
    170000 JPMORGAN CHASE & CO 2.95% 10/01/2026 161,223 188,605
    169000 KRAFT HEINZ FOODS CO 4.625% 01/30/2029 183,261 193,377
    167000 LUMEN TECHNOLOGIES INC 5.625% 04/01/2025 180,445 180,151
    75000 MGM RESORTS SR 5.75% 06/15/2025 82,866 82,924
    182000 MICROSOFT CORP GLBL 2.525% 06/01/2050 144,469 191,926
    173000 NEWELL RUBBERMAID INC 4.20% 04/01/2026 176,730 190,560
    163000 PARKER HANNIFIN CORP 3.25% 06/14/2029 163,581 184,976
    172000 PULTE GROUP INC 5.00% 01/15/2027 186,421 202,960
    159000 RELX CAPITAL INC SR 4.00% 03/18/2029 157,154 188,749
    177000 SERVICE CORP INTL SR 3.375% 08/15/2030 181,636 184,117
    170000 SOUTHWEST AIRLS CO SR 4.75% 05/04/2023 178,942 184,770
    157000 SPRINT CORP 7.125% 6/15/24 175,454 183,690
    171000 STARBUCKS CORPORATION 2.55% 11/15/2030 170,530 184,937
    170000 STEEL DYNAMICS INC SR 2.4% 06/15/2025 171,577 180,688
    169000 UNITED RENTALS NORTH 5.5% 05/15/2027 180,118 180,830
    159000 UNITED TECHNOLOGIES 3.95% 08/16/2025 166,795 182,359
    176000 V F CORP SR NT 2.8% 04/23/2027 175,711 192,511
    157000 VERIZON COMMUNICATIONS 3.875% 02/08/2029 157,236 184,805
    150000 VISA INC SR GLBL 4.3% 12/14/2045 158,982 205,461
    170000 WPX ENERGY INC 5.25% 09/15/2024 178,925 185,176
    175000 WYNDHAM DESTINATIONS INC 5.4% 04/01/2024 179,046 189,000
    193000 BK OF AMERICA CORP VAR 12/31/2099 174,407 198,995
    246000 SCHWAB CHARLES CORP VAR 12/31/2099 246,000 273,983
    178000 TRUIST FINL CORP DEP VAR 12/31/2099 182,069 188,009
    177000 AIRCASTLE LTD 5.00% 04/01/2023 180,518 188,666
    165000 ARCELORMITTAL SA 4.55% 03/01/2026 172,345 185,386
    178000 JOHNSON CTLS INTL PLC 1.75% 09/15/2030 178,287 181,690

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE JACK SATTER FOUNDATION
     
    C/O HEMENWAY TRUST COMPANY
    EIN:
    65-6316190
    Name of Stock End of Year Book Value End of Year Fair Market Value
    10000 NESTLE NAM SPON ADR 753,417 1,178,000
    10500 NOVARTIS AG SPON ADR 772,296 991,515
    16000 UNILEVER PLC ADR AMER SHS SPON 709,134 965,760
    12000 ABBOTT LABORATORIES 513,980 1,313,880
    900 ALPHABET INC CL A 548,379 1,577,376
    400 AMAZON.COM INC 690,441 1,302,772
    10000 ANALOG DEVICES INC 737,603 1,477,300
    14000 APPLE INC COM 355,840 1,857,660
    8300 APTARGROUP INC 568,501 1,136,187
    7000 AUTOMATIC DATA PROCESSING INC 593,866 1,233,400
    3000 BECTON DICKINSON & CO 723,554 750,660
    10000 CVS HEALTH CORPORATION 955,199 683,000
    6500 DANAHER CORP 468,650 1,443,910
    8000 FISERV INC COM 328,380 910,880
    4750 HOME DEPOT INC 669,867 1,261,695
    3000 ILLUMINA INC 503,347 1,110,000
    8000 JOHNSON & JOHNSON 821,894 1,259,040
    4200 MASTERCARD INC CL A 380,426 1,499,148
    2500 MICROSOFT CORP 389,396 556,050
    4000 NIKE INC CL B 482,564 565,880
    2050 NVIDIA CORP 96,641 1,070,510
    6000 PAYPAL HOLDINGS INC 532,063 1,405,200
    8000 PROCTER & GAMBLE CO 637,627 1,113,120
    16000 RAYTHEON TECHNOLOGIES CORP COM 1,014,106 1,144,160
    6000 ROCKWELL AUTOMATION INC 705,502 1,504,860
    6000 THE WALT DISNEY CO 688,994 1,087,080
    8600 TJX COMPANIES INC NEW 480,428 587,294
    9000 XILINX INC 527,994 1,275,930
    12000 XYLEM INC 585,836 1,221,480
    10000 CANADIAN NATL RY CO COM 614,023 1,098,500
    12000 NOVOZYMES A/S B SHARES 486,066 686,977
    45964.69 DODGE & COX FDS INTL STK FD 1,875,975 2,008,657
    39762.26 FPA CRESCENT FUND 1,290,000 1,430,248
    36621.31 HARDING LOEVNER EMG MKTS 1,614,257 2,451,430
    86475.88 NEUBERGER BERMAN LONG SHORT FD 1,200,000 1,436,364
    100664.13 ROBECO BP LNG/SHRT RES INS 1,540,000 1,466,676
    73207.50 WALTHAUSEN FOCUSED SM CAP VAL FD INST 700,000 855,796

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE JACK SATTER FOUNDATION
     
    C/O HEMENWAY TRUST COMPANY
    EIN:
    65-6316190
    US Government Securities - End of Year Book Value:

    6,710,368
    US Government Securities - End of Year Fair Market Value:

    7,032,662
    State & Local Government Securities - End of Year Book Value:


    1,238,934
    State & Local Government Securities - End of Year Fair Market Value:


    1,450,323


    TY 2020 OtherExpensesSchedule
    Name:
    THE JACK SATTER FOUNDATION
     
    C/O HEMENWAY TRUST COMPANY
    EIN:
    65-6316190
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ADR FEES 275 275   0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE JACK SATTER FOUNDATION
     
    C/O HEMENWAY TRUST COMPANY
    EIN:
    65-6316190
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GW&K INVESTMENT MANAGEMENT FEES 43,406 43,406   0
    HEMENWAY TRUST COMPANY INVESTMENT MANAGEMENT 135,024 135,024   0
    HEMENWAY & BARNES LLP GRANT ADMINISTRATION 202,536 0   202,536


    TY 2020 TaxesSchedule
    Name:
    THE JACK SATTER FOUNDATION
     
    C/O HEMENWAY TRUST COMPANY
    EIN:
    65-6316190
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX PAID 0 0   0
    EXCISE TAX PAID -ESTIMATES 51,652 0   0