Form990-PF
Click to see attachment

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 Schooner Foundation
c/o Schooner Capital LLC
Number and street (or P.O. box number if mail is not delivered to street address)60 South Street Suite 1120
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02111
A Employer identification number

04-3347626
B Telephone number (see instructions)

(617) 963-5200
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$169,403,129J 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) 8,771,250
2 Check bullet.............
3 Interest on savings and temporary cash investments 100,786 100,786  
4 Dividends and interest from securities... 3,768,642 3,768,642  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 26,060,222
b Gross sales price for all assets on line 6a 50,730,998
7 Capital gain net income (from Part IV, line 2)... 26,060,222
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........ 38,700,900 29,929,650  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 125,561 0   130,529
14 Other employee salaries and wages...... 1,008 0   1,008
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 11,588 0   2,953
b Accounting fees (attach schedule)....... Click to see attachment 6,555 0   6,555
c Other professional fees (attach schedule).... Click to see attachment 30,170 0   20,103
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 442,171 28,492   11,421
19 Depreciation (attach schedule) and depletion... Click to see attachment 4,246 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 11,132 0   16,266
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 1,608,322 1,536,730   55,683
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,240,753 1,565,222   244,518
25 Contributions, gifts, grants paid....... 7,421,932 7,431,932
26 Total expenses and disbursements. Add lines 24 and 25 9,662,685 1,565,222   7,676,450
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 29,038,215
b Net investment income (if negative, enter -0-) 28,364,428
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......... 31,252,003 36,095,415 36,095,415
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 45,795,405 Click to see attachment33,357,386 33,357,386
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 81,661,190 Click to see attachment99,369,006 99,369,006
14 Land, buildings, and equipment: basis bullet9,978
Less: accumulated depreciation (attach schedule) bullet7,815 7,649 Click to see attachment2,163 2,163
15 Other assets (describe bullet) Click to see attachment1,041,138 Click to see attachment579,159 Click to see attachment579,159
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 159,757,385 169,403,129 169,403,129
Liabilities 17 Accounts payable and accrued expenses.......... 3,851,061 2,579,069
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)......... 3,851,061 2,579,069
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........... 155,906,324 166,824,060
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........    
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)..... 155,906,324 166,824,060
30 Total liabilities and net assets/fund balances (see instructions). 159,757,385 169,403,129
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
155,906,324
2
Enter amount from Part I, line 27a .....................
2
29,038,215
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
5,157,368
4
Add lines 1, 2, and 3 ..........................
4
190,101,907
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
23,277,847
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
166,824,060
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 Iron Mountain - Expired Options P    
b Converge Technology Solution P    
c Crayon Group Holding AS P    
d Credit Analysis and Research P    
e Somero Enterpries Inc P    
Gym Group PLC P    
ZooPlus AG P    
SPX Put Option 1/15/21 3050 P    
Iron Mountain P    
Iron Mountain - Options Assigned P    
Fourlis SA P    
Glenveagh Properties P    
ZooPlus AG P    
Crayon Group Holding AS P    
Bow Street SOF XI LP P    
Capital Losses from Pass-Through P    
Capital Losses from SAF USA P    
Capital Losses from Schooner Kenya 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 1,134,900     1,134,900
b 5,191,018   4,264,084 926,934
c 955,376   695,895 259,481
d 540,743   838,931 -298,188
e 2,673,362   2,357,422 315,940
3,204,647   3,095,674 108,973
2,171,493   1,881,639 289,854
6,297,188   2,499,412 3,797,776
11,960,456     11,960,456
5,155,808     5,155,808
186,448   175,310 11,138
1,428,763   1,519,705 -90,942
5,442,664   5,249,079 193,585
4,372,610   1,349,923 3,022,687
15,522   33,797 -18,275
    661,702 -661,702
    44,132 -44,132
    4,071 -4,071
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       1,134,900
b       926,934
c       259,481
d       -298,188
e       315,940
      108,973
      289,854
      3,797,776
      11,960,456
      5,155,808
      11,138
      -90,942
      193,585
      3,022,687
      -18,275
      -661,702
      -44,132
      -4,071
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 26,060,222
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................................ 1 394,266
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........................... 3 394,266
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- ..... 5 394,266
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 401,216
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 900,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,301,216
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 10 906,950
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet906,950 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See 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 ofbulletS Maiocco Treasurer Telephone no.bullet (617) 963-5200

    Located atbullet60 South Street Suite 1120BostonMA ZIP+4bullet02111
    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? .................
    16Yes  
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bulletMP
    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
     
    No
    .........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). Click to see attachment
    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
    Vincent J Ryan Trustee
    5.00     		0 0 0
    10703 Charleston Drive
    Vero Beach,FL32963
    Carla E Meyer Trustee
    1.00     		0 0 0
    10703 Charleston Drive
    Vero Beach,FL32963
    Jennifer Ryan Trustee
    1.00     		0 0 0
    5590 Elk Knob Court
    Denver,NC28037
    Cynthia A Ryan Trustee/Director
    1.00     		2,125 0 0
    514 Americas Way PMB 16304
    Box Elder,SD577197600
    Kimberly R Dano Trustee
    1.00     		0 0 0
    2611 Oakland Avenue
    Nashville,TN37212
    Stephanie R Ditenhafer Trustee
    1.00     		0 0 0
    2504 Oakland Avenue
    Nashville,TN37212
    Stephen D Maiocco Trustee/Treasurer
    2.00     		0 0 0
    23 Gerloff Road
    Falmouth,MA02540
    Nicholas L Ryan Trustee
    1.00     		0 0 0
    175 Richdale Ave 103
    Cambridge,MA02140
    Julia B Pettengill Executive Director
    40.00     		128,404 0 0
    505 Common Street Apt H207
    Belmont,MA02478
    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
    Schooner Capital LLC Investment & Administrative Services 1,335,383
    60 South Street Suite 1120
    Boston,MA02111
    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 Mugoya Farm Estates Limited: A debt program related investment to support sustainable agriculture, training and finance assets including technical equipment to be used to develop the farm. 0
    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
    99,758,190
    b
    Average of monthly cash balances.......................
    1b
    37,063,757
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    136,821,947
    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
    136,821,947
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    2,052,329
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    134,769,618
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,738,481
    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
    6,738,481
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    394,266
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    394,266
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,344,215
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,344,215
    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
    6,344,215
    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
    7,676,450
    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
    7,676,450
    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
    7,676,450
    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 6,344,215
    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...... 1,236,899
    b From 2016...... 771,305
    c From 2017...... 3,226,707
    d From 2018...... 1,509,815
    e From 2019...... 163,851
    fTotal of lines 3a through e........ 6,908,577
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 7,676,450
    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..... 6,344,215
    e Remaining amount distributed out of corpus 1,332,235
    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 8,240,812
    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) ...     		1,236,899
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		7,003,913
    10 Analysis of line 9:
    a Excess from 2016.... 771,305
    b Excess from 2017.... 3,226,707
    c Excess from 2018.... 1,509,815
    d Excess from 2019.... 163,851
    e Excess from 2020.... 1,332,235
    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).)
    Vincent J Ryan
    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
    ACLU Foundation of TN
    PO Box 120160
    Nashville,TN37212     		  PC General Support 20,000
    African Leadership Program
    PO Box 7408
    New York,NY10150     		  PC African Leadership Academy Alum Intern Stipend 5,400
    American Oversight
    660 Pennsylvania Ave SE Suite 303
    Washington,DC20003     		  PC General Support 100,000
    Block Island Health Services
    PO Box 919
    Block Island,RI02807     		  PC Block Island Medical Center Capital Campaign 50,000
    Boys and Girls Clubs of Indian River County
    1729 17th Avenue
    Vero Beach,FL32960     		  PC General Support 10,000
    Brave New Films
    10510 Culver Boulevard
    Culver City,CA90232     		  PC General Support 100,000
    Brennan Center for Justice
    161 Avenue of the Americas 12th
    Floor
    New York,NY10013     		  PC General Support 200,000
    Brigham and Women's Hospital
    116 Huntington Avenue3rd Floor
    Boston,MA02116     		  PC Hiatt Residency in Global Health Equity 500,000
    Bunker Labs
    125 S Clark St WeWork 17th Floor
    Chicago,IL60603     		  PC General Support 10,000
    Center for Community Change
    1536 U Street NW
    Washington,DC20009     		  PC General Support 100,000
    Center for Victims of Torture
    2356 University Avenue W Suite 430
    St Paul,MN55114     		  PC General Support 100,000
    Center on Budget and Policy Priorities
    1275 1st St NE Suite 1200
    Washington,DC20006     		  PC General Support 100,000
    Childcare Resources of Indian River Inc
    2300 Fifth Avenue Suite 149
    Vero Beach,FL32960     		  PC General Support 1,000
    Dothouse Health Inc
    1353 Dorchester Avenue
    Dorchester,MA02122     		  PC General Support 60,000
    Dream Corps
    436 14th Street Suite 920
    Oakland,CA94612     		  PC Covid Pandemic Relief 15,000
    EqualHealth Inc
    PO Box 1575
    Brookline,MA02246     		  PC General Support 100,000
    Equity Alliance
    PO Box 331821
    Nashville,TN37203     		  PC General Support 5,000
    Esthers Aid
    225 Country Club Lane
    Ponoma,NY10970     		  PC General Support 5,000
    Forify Inc
    PO Box 110
    Belfast,ME04915     		  PC General Support 8,000
    Forward TN
    5016 Centennial Blvd Suite 200
    Nashville,TN37209     		  PC General Support 5,000
    Foundation for National Progress
    22 Sutter Street Suite 600
    San Francisco,CA94108     		  PC Mother Jones 200,000
    Friends of Radnor Lake
    1160 Otter Creek Road
    Nashville,TN372201471     		  PC General Support 2,000
    Fund for Global Human Rights
    1301 Connecticut Avenue NW Suite
    400
    Washington,DC20036     		  PC General Support 250,000
    Gallman Africa Conservancy
    175 West Main Street Suite 2
    Babylon,NY11702     		  PC General Support 100,000
    Gifford Youth Achievement Center
    4875 43rd Avenue
    Vero Beach,FL32967     		  PC Capital Campaign 60,000
    Global Greengrants Fund
    2840 Wilderness Place Suite A
    Boulder,CO80301     		  PC General Support 10,000
    Global Health Partners
    39 Broadway Suite 1540
    New York,NY10006     		  PC In Support of Fuderelo 50,000
    Gordon School
    45 Maxfield Avenue
    East Providence,RI02914     		  PC General Support 1,000
    GreenRoots Inc
    227 Marginal Street
    Chelsea,MA02150     		  PC General Support 20,000
    GreenWave Organization Corp
    315 Front Street
    New Haven,CT06513     		  PC General Support 20,000
    Hobart and William Smith Colleges
    300 Pulteney Street
    Geneva,NY14456     		  PC General Support 1,000
    Homeless Children's Foundation of Indian River
    6001 Hwy A1A - PMB 8071
    Indian River Shores,FL32963     		  PC General Support 50,000
    Indian River Land Trust
    80 Royal Palm Point Suite 301
    Vero Beach,FL32960     		  PC General Support 20,000
    Initiative for a Competitive Inner City
    56 Warren Street Suite 300
    Roxbury,MA02119     		  PC General Support 5,000
    Institute for Justice and Democracy in Haiti
    867 Boylston Street 5th Floor
    Boston,MA02116     		  PC General Support 25,000
    International Justice Mission
    PO Box 96961
    Washington,DC20090     		  PC General Support 11,000
    Isabella Stewart Gardner Museum
    25 Evans Way
    Boston,MA02115     		  PC General Support 15,000
    J Street Education Fund
    PO Box 66073
    Washington,DC20035     		  PC General Support 25,000
    John F Kennedy Library Foundation
    Columbia Point
    Boston,MA02125     		  PC General Support 15,000
    Just City Inc
    PO Box 41852
    Memphis,TN38174     		  PC Pandemic Relief Efforts 5,000
    Karam Foundation
    230 Northgate 742
    Lake Forest,IL60045     		  PC General Support 100,000
    KIPP Nashville
    3410 Knight Drive
    Nashville,TN37207     		  PC General Support 6,000
    Little Sisters Fund Inc
    PO Box 909
    Hailey,ID83333     		  PC General Support 25,000
    Martha O'Bryan Center
    711 S 7th Street
    Nashville,TN37206     		  PC Pandemic Relief Efforts 20,000
    Massachusetts General Hospital
    125 Nashua Street Suite 540
    Boston,MA02114     		  PC Rural Health Fellowship Program 250,000
    Medicinis Sans Frontiers
    40 Rector Street 16th Floor
    New York,NY10006     		  PC MFS work in Yemen 10,000
    Montgomery Bell Academy
    4001 Harding Road
    Nashville,TN37205     		  PC General Support 20,000
    Montserrat Aspirers Inc
    PO Box 240874
    Dorchester,MA02124     		  PC General Support 16,000
    Nashville Children's Alliance Inc
    610 Murfreesboro Pike
    Nashville,TN37210     		  PC General Support 3,000
    Nashville Community Bail
    PO Box 70120
    Nashville,TN37207     		  PC Pandemic Relief Efforts 5,000
    Nashville Safe Haven Family Shelter
    1234 Third Avenue South
    Nashville,TN37210     		  PC General Support 2,000
    National Coalition Against Domestic Violence
    600 Grant St 750
    Denver,CO80203     		  PC General Support 10,000
    New England International Donors
    120 St James Aev 6th Floor
    Boston,MA02116     		  PC General Support 5,000
    New Georgia Project
    830 Glenwood Ave SE Suite 501-221
    Atlanta,GA30316     		  PC General Support 5,000
    New Hampton School
    70 Main Street
    New Hampton,NH03256     		  PC General Support 10,000
    Ocean Research and Conservation Association (ORCA)
    1420 Seaway Drive
    Fort Pierce,FL34949     		  PC General Support 50,000
    One Heart Worldwide
    1818 Pacheco Street
    San Francisco,CA94116     		  PC Covid Relief/General Support 90,000
    Physicians for Human Rights
    256 W 38th 9th Floor
    New York,NY10018     		  PC General Support 25,000
    Planned Parenthood of TN and North MS
    2430 Poplar Avenue Suite 1000
    Memphis,TN38112     		  PC General Support 6,000
    Ploughshares Fund
    1808 Wedemeyer Street Suite 200
    San Francisco,CA94129     		  PC General Support 125,000
    Pomfret School
    398 Pomfret Street PO Box 128
    Pomfret,CT06258     		  PC General Support 2,000
    President and Fellows of Harvard College
    Po Box 419209
    Boston,MA02241     		  PC Harvard Kennedy School 500,000
    President and Fellows of Harvard College
    Po Box 419209
    Boston,MA02241     		  PC HKS - Deans Coucil 50,000
    President and Fellows of Harvard College
    Po Box 419209
    Boston,MA02241     		  PC HKS - Carr Center for Human Rights Policy 25,000
    President and Fellows of Harvard College
    Po Box 419209
    Boston,MA02241     		  PC HKS - Belfar Center 25,000
    Protect Democracy Project
    126 Walnut Street
    Watertown,MA02472     		  PC General Support 250,000
    Resilient Sisterhood Project Inc
    263 Huntington Avenue Suite 302
    Boston,MA02115     		  PC General Support 20,000
    Resolve Inc
    1255 23rd Steet NW Suite 275
    Washington,DC20037     		  PC General Support 38,500
    Rian Immigrant Center
    One State Street 8th Floor
    Boston,MA02109     		  PC General Support 50,000
    RYR-1 Foundation
    PO Box 13312
    Pittsburgh,PA15243     		  PC Support of Family Conference 25,000
    Safe Tennessee Project
    1028 Woodvale Drive
    Nashville,TN37204     		  PC General Support 5,000
    Seed Global Health Inc
    20 Ashburton Place 6th Floor
    Boston,MA02108     		  PC General Support 250,000
    Seven Loaves
    309 East 4th Street Suite 3B
    New York,NY10009     		  PC NBO Musical Threatre Inititive 45,000
    Shining Hope for Communities
    175 Varick Street 5th Floor
    New York,NY10014     		  PC General Support 503,600
    Shining Hope for Communities
    175 Varick Street 5th Floor
    New York,NY10014     		  PC Crime Si Poa/Youth Safety Awareness Initiative 10,000
    Sicangu Community Development
    27565 Research Park Drive PO Box
    236
    Mission,SD57555     		  PC General Support 65,000
    Silent Spring Institute
    320 Nevada Street
    Newton,MA02460     		  PC General Support 40,000
    Social Good Fund
    12651-5473 San Pablo Ave
    Richmond,CA94805     		  PC Liberated Capital Giving Circle 50,000
    St George's School
    372 Purgatory Road
    Middleton,RI02842     		  PC General Support 10,000
    St George's School
    372 Purgatory Road
    Middleton,RI02842     		  PC General Support 5,000
    Street Business School
    6797 Winchester Circle Suite 200
    Boulder,CO80302     		  PC General Support 75,000
    Syrian American Medical Society Foundation
    1012 14th Street NW Suite 1500
    Washington,DC20005     		  PC Provision of Mental Health and Pyschological Services for Syrian Refugees 250,000
    Tanzanian Children's Fund
    9 Waterhouse Street
    Cambridge,MA02138     		  PC General Support 50,000
    Tennessee Innocence Project
    2126 21st Avenue South
    Nashville,TN37212     		  PC General Support 100,000
    Tennessee Innocence Project
    2126 21st Avenue South
    Nashville,TN37212     		  PC General Support 100,000
    Tennessee Justice for our Neighbors
    2195 Nolensville Pike
    Nashville,TN37211     		  PC General Support 5,000
    The Boston Foundation
    75 Arlington St 3rd Floor
    Boston,MA02116     		  PC Hack Diversity Fund 2,000
    The Furniture Society
    536 17th Street
    Brooklyn,NY11215     		  PC General Support 10,000
    The Greenbelt Movement International NA
    165 Court Street Suite 175
    Brooklyn,NY11201     		  PC The Wangari Maathai Foundation 45,000
    The Nature Conservancy
    352 High Street PO Box 1287
    Block Island,RI02807     		  PC To Preserve Block Island 10,000
    The Nature Conservancy
    601 N University Avenue
    Little Rock,AR72205     		  PC The Arkansas Pinnacle Mountain Area Project 1,000,000
    The Progressive
    30 W Mifflin Street Suite 703
    Madison,WI53703     		  PC General Support 1,000
    Think Tennessee
    414 Union Street Suite 1900
    Nashville,TN37219     		  PC General Support 9,000
    TN Immigrant & Refugee Rights Coalition
    2195 Nolensville Pike
    Nashville,TN37221     		  PC General Support 5,000
    Trust Africa
    Lot 4
    Almadies Nigor,Dakar  
    SG     		  PC General Support 6,400
    Trustees of Boston University - School of Social Work
    44 Cummington Mall
    Boston,MA02215     		  PC General Support 25,000
    Trustees of Boston University
    44 Cummington Mall
    Boston,MA02215     		  PC Friends of Mens Rowing 25,000
    Trustees of Boston University
    44 Cummington Mall
    Boston,MA02215     		  PC Professor Zaman's Student Refugee Health Program 50,000
    UC Davis Foundation
    202 Cousteau Place Suite 185
    Davis,CA95618     		  PC Support for Animal Science Inititives 5,000
    UCSF Foundation
    Lock Box 45339
    San Francisco,CA94145     		  PC HEAL Initiative 250,000
    University of Dublin
    80 Pine Street
    New York,NY10005     		  PC Ryan-Gallagher-Kennedy Cuala Project at Trinity College Dublin 132,032
    University School of Nashville
    2000 Edgehill Ave
    Nashville,TN37212     		  PC USN Horizons Program 5,000
    Utopia Foundation Inc
    123 W Front St Suite B
    Traverse City,MI49684     		  PC General Support 10,000
    Village Health Networks
    45 West 36th St 8th Floor
    New York,NY10018     		  PC General Support 15,000
    Whitehead Institute
    455 Main Street
    Cambridge,MA02142     		  PC General Support 5,000
    Yale University
    PO Box 1873
    New Haven,CT06508     		  PC WIRAC Clinic at Yale Law School 100,000
    Total .................................bullet 3a 7,421,932
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 100,786  
    4 Dividends and interest from securities....     14 3,768,642  
    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    
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 26,060,222  
    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 29,929,650 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    29,929,650
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


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

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    The Schooner Foundation
    c/o Schooner Capital LLC
    Employer identification number

    04-3347626
    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
    The Schooner Foundation
    c/o Schooner Capital LLC         		Employer identification number
    04-3347626
    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
    Vincent J Ryan
    10703 Charleston Drive
     
    Vero Beach, FL32963

    		$ 8,771,250


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    The Schooner Foundation
    c/o Schooner Capital LLC         		Employer identification number

    04-3347626
    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
    		 300,000 shares of Iron Mountain Stock $ 8,771,250 2020-12-31
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    The Schooner Foundation
    c/o Schooner Capital LLC         		Employer identification number

    04-3347626
    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:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax & Accounting Fees 6,555 0   6,555

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

    TY 2020 DepreciationSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    FURNITURE & FIXTURES 2016-04-01 5,967 3,942 SL 7.000000000000 852 0    
    COMPUTER EQUIPMENT 2016-04-01 3,836 3,836 SL 5.000000000000 0 0    
    COMPUTER EQUIPMENT 2016-04-30 1,346 1,211 SL 5.000000000000 68 0    
    APPLE IPHONE X 2018-06-01 1,432 755 SL 3.000000000000 477 0    
    APPLE MACBOOK PRO 2018-06-01 3,262 1,721 SL 3.000000000000 1,087 0    
    APPLE MACBOOK PRO 2018-11-01 3,761 1,463 SL 3.000000000000 1,254 0    
    APPLE MACBOOK AIR 2018-12-01 1,523 550 SL 3.000000000000 508 0    

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

    TY 2020 ExpenditureResponsibilityStmt
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Mugoya Farm Estates Limited
          		PO Box 29130
    Kampala    
    UG     		2015-04-29 49,500 To Support Sustainable Agriculture, training and to finance assets including technical equipment to be used to develop the farm.     07/27/16, 08/08/2016, 11/18/16, 01/30/17    

    TY 2020 GeneralExplanationAttachment
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Identifier Return Reference Explanation
      Expenditure Responsibility Statement, Part VII-B, Line 5C Mugoya Farm Estates LimitedAdditional Dates of Reports:02/07/2018, 05/14/2018, 01/21/2019, 11/12/2021

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Iron Mountain, Inc 33,357,386 33,357,386

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Other Investments FMV 99,369,006 99,369,006

    TY 2020 LandEtcSchedule2
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    APPLE IPHONE X 1,432 1,232 200 200
    APPLE MACBOOK PRO 3,262 2,808 454 454
    APPLE MACBOOK PRO 3,761 2,717 1,044 1,044
    APPLE MACBOOK AIR 1,523 1,058 465 465


    TY 2020 LegalFeesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Legal Expense 11,588 0   2,953


    TY 2020 OtherAssetsSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    A/R 4,338 10,237 10,237
    Note Receivable SAF - Mugoya Farm Estates Ltd 49,500 49,500 49,500
    Interest & Dividend Receivable 892,726 518,393 518,393
    Other Assets 94,574 1,029 1,029


    TY 2020 OtherDecreasesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Amount
    Book/Tax Gain Differences 21,868,453
    Deferred Supplemental Fees 1,034,943
    Book/Tax Dividend Difference 374,451


    TY 2020 OtherExpensesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Other Income/(Loss) - Foreign Currency 6,221 6,221   0
    Portfolio Deductions 1,345,016 1,345,016   0
    K-1 Moon Capital - Other Loss 1,159 1,159   0
    K-1 Bow Street - Other Loss 3,516 3,516   0
    K-1 Green Bay Ventures Growth - Other Loss 177,328 177,328   0
    K-1 Green Bay Ventures Growth - Investment Interest 3,490 3,490   0
    Due and Subscriptions 8,355 0   7,304
    Insurance and Benefits 751 0   811
    Operating Expenses 7,559 0   8,417
    Payroll Processing Fees 2,128 0   2,128
    Postage & Shipping 772 0   629
    Telephone 0 0   187
    Bank Fees 276 0   0
    Admin Service Charges 51,724 0   36,207
    Interest & Penalties 27 0   0


    TY 2020 OtherIncreasesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Description Amount
    Unrealized Gain/Loss 4,311,142
    Flow through amounts from K-1 investments 846,226


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Consulting 30,170 0   20,103


    TY 2020 TaxesSchedule
    Name:
    The Schooner Foundation
     
    c/o Schooner Capital LLC
    EIN:
    04-3347626
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes 28,492 28,492   0
    Excise & Payroll Taxes 413,679 0   11,421