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 Saab Family Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)579 East Merrimack Street
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Lowell, MA01852
A Employer identification number

27-4392768
B Telephone number (see instructions)

(603) 628-1340
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$18,372,626J 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 2,597 2,597  
4 Dividends and interest from securities... 526,268 491,734  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -474,048
b Gross sales price for all assets on line 6a 5,999,450
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 54,817 494,331  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 8,003 0   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,829 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 119,397 107,855   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 148,229 107,855   0
25 Contributions, gifts, grants paid....... 885,584 885,584
26 Total expenses and disbursements. Add lines 24 and 25 1,033,813 107,855   885,584
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -978,996
b Net investment income (if negative, enter -0-) 386,476
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............. 9,707 6 6
2 Savings and temporary cash investments......... 1,386,090 233,836 233,836
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) 1,331,300 Click to see attachment2,038,475 2,076,161
b Investments—corporate stock (attach schedule)....... 5,303,570 Click to see attachment5,375,934 6,432,549
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).......... 9,773,383 Click to see attachment9,206,327 9,630,074
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) 17,804,050 16,854,578 18,372,626
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........ 4,000,000 4,000,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 13,804,050 12,854,578
29 Total net assets or fund balances (see instructions)..... 17,804,050 16,854,578
30 Total liabilities and net assets/fund balances (see instructions). 17,804,050 16,854,578
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
17,804,050
2
Enter amount from Part I, line 27a .....................
2
-978,996
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
29,524
4
Add lines 1, 2, and 3 ..........................
4
16,854,578
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
16,854,578
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities - Morgan Stanley - 2923      
b Publicly traded securities - Morgan Stanley - 2923      
c NYC Mun Wtr 42JN15      
d Publicly traded securities - Morgan Stanley - 8339      
e Publicly traded securities - Morgan Stanley - 8339      
Publicly traded securities - Morgan Stanley - 2923 wash sale      
Publicly traded securities - Morgan Stanley - 2923 wash sale      
Publicly traded securities - Morgan Stanley - 8339 wash sale      
Publicly traded securities - Morgan Stanley - 8339 wash sale      
(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 957,581   1,077,217 -119,636
b 878,106   893,204 -15,098
c 200,000   205,062 -5,062
d 1,895,039   2,067,871 -172,832
e 2,014,421   2,230,144 -215,723
6,180     6,180
187     187
27,187     27,187
20,749     20,749
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       -119,636
b       -15,098
c       -5,062
d       -172,832
e       -215,723
      6,180
      187
      27,187
      20,749
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 -474,048
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 5,372
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 5,372
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 5,372
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 16,541
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 16,541
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 11,169
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet11,169 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)
    bulletNH, MA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.saabfamilyfoundation.org
    14
    The books are in care ofbulletElisia M Saab Telephone no.bullet (603) 491-3888

    Located atbullet579 East Merrimack StreetLowellMA ZIP+4bullet01852
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
    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).
    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
    Elisia M Saab Trustee, Chair, Treasurer
    1.60     		0 0 0
    396 Andover Street
    Lowell,MA01852
    Mark A Saab Trustee
    1.60     		0 0 0
    396 Andover Street
    Lowell,MA01852
    Analise S Brown Trustee
    1.60     		0 0 0
    45 Clark Road
    Lowell,MA01853
    Tricia L Albert Trustee
    1.60     		0 0 0
    29 Northwestern Drive
    Salem,NH03079
    Alana T Saab Trustee
    1.60     		0 0 0
    396 Andover Street
    Lowell,MA01852
    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
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 Provide funds to charitable organizations in the Lowell, MA and Salem, NH areas that provide assistance to low-income individuals, youth and homeless individuals. 535,584
    2 High school and college scholarships for deserving local youth of limited economic means. 245,000
    3 Provide funds to charitable organizations in the Lowell, MA and Salem, NH areas that provide assistance to individuals impacted by the pandemic. 105,000
    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
    15,216,004
    b
    Average of monthly cash balances.......................
    1b
    2,184,654
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    17,400,658
    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
    17,400,658
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    261,010
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    17,139,648
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    856,982
    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
    856,982
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    5,372
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    5,372
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    851,610
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    851,610
    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
    851,610
    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
    885,584
    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
    885,584
    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
    885,584
    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 7 851,610
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 878,006
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........ 0
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 885,584
    a Applied to 2019, but not more than line 2a 878,006
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 7,578
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		844,032
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Board of Directors
    27 Northwestern Drive
    Salem,NH03079
    (603) 475-6162
    grant@saabfamilyfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    Application should include information on the applicant, reason for the request for a grant, and budget information.
    cAny submission deadlines:
    October 15 for grant applications
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The Foundation focuses in the areas of fostering education, supporting youth, elderly, disabled and low income individuals, addressing housing and homelessness and fostering social responsibility
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Board of Directors
    27 Northwestern Drive
    Salem,NH03079
    (603) 475-6162
    Grant@saabfamilyfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    Scholarship applications should include grade transcript, statement demonstrating financial need, latest tax return, list of liabilities and letters of recommendation.
    cAny submission deadlines:
    May 15 for scholarship applications
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The Foundation focuses in the areas of fostering education for youth who might not be able to pursue continued education without financial assistance.
    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
    Nazeli Acosta
    452 Prospect Street Apt 3
    Methuen,MA01844     		None I Scholarship 5,000
    Mikayla Almeida
    14 Carly Way
    Lowell,MA01854     		None I Scholarship 3,000
    Jamie Aranzabal
    9 Preserve Drive
    Londonderry,NH03053     		None I Scholarship 5,000
    Katherine Aste
    45 May Street
    Lowell,MA01850     		None I Scholarship 1,000
    Ashley Bettencourt
    43 18th St
    Lowell,MA01859     		None I College scholarship 4,500
    Youssef Bourouphae
    45 Wesley Street
    Lawrence,MA01841     		None I Scholarship 3,000
    Chad Cao
    102 Sunset Rock Road
    Andover,MA01810     		None I Scholarship 1,000
    Ava Carolan
    16 Belrose Avenue
    Lowell,MA01852     		None I Scholarship 1,000
    Jesus Caceres
    25 Miller Street
    Methuen,MA01844     		None I Scholarship 1,000
    Samuel Cintra
    32 Brook Street
    Lawrence,MA01841     		None I Scholarship 3,000
    Eleni Clermont
    234 Crawford St
    Lowell,MA01854     		None I Scholarship 2,500
    Tristan Correia
    14 Caledonia Ave
    Dracut,MA01826     		None I Scholarship 3,500
    Kathleen Curran
    132 Luce Street
    Lowell,MA01852     		None I Scholarship 1,000
    Kenisha De La Rosa
    32 Brook Street
    Lawrence,MA01841     		none I Scholarship 2,000
    Raquel Delacruz
    374 Elm Street Apt 42
    Lawrence,MA01841     		none I Scholarship 2,500
    Jacob Desruisseau
    16 Gaston Terrace
    Lowell,MA01850     		none I Scholarship 3,000
    Rachel Diaz
    17 Fallon Street
    Lawrence,MA01843     		none I Scholarship 1,000
    Julia Espinola
    312 Princeton Blvd
    Lowell,MA01851     		None I Scholarship 3,000
    Milagros Fabian
    52 Ward Street Apt 1-2
    Salem,MA01970     		none I Scholarship 2,000
    Owen Fanning
    39 Township Road
    Pelham,NH03076     		None I Scholarship 5,000
    Mackenzie Faria
    82 Cosgrove Street
    Lowell,MA01852     		none I Scholarship 1,000
    Alexandria Ferguson
    2 Ripple Road
    Townsend,MA01469     		None I Scholarship 5,000
    Mahta Fesshaie
    33 Auburn Street
    Malden,MA02148     		none I Scholarship 4,000
    Colin Fitzpatrick
    176 Humphrey Street
    Lowell,MA01850     		none I Scholarship 2,000
    Ariannys Germosen
    550 Haverhill Street 1
    Lawrence,MA01841     		None I Scholarship 2,000
    Jalen Gilmore
    62 Joliette Street
    Manchester,NH03102     		None I Scholarship 2,000
    Anelyn Gomez
    9 Newton Avenue
    Methuen,MA01844     		None I Scholarship 2,000
    Jessica Hagg
    23 Brouilette Street
    North Chelmsford,MA01863     		None I Scholarship 3,500
    Savanna Hall
    30 Deerpoint Drive
    Hillsborough,NH03244     		None I Scholarship 3,000
    Madison Hugo
    26 Humphrey St
    Lowell,MA01850     		None I Scholarship 3,000
    Lily Jerzylo
    17 Bay View Ave
    Salem,MA01970     		none I Scholarship 5,000
    Devin Jozokos
    42 Windsor Park Road
    Lowell,MA01852     		none I Scholarship 1,500
    Emily Jussaume
    1 Merrimac Way Unit B
    Tyngsboro,MA01879     		none I Scholarship 2,500
    Diana Kara Mourto
    3 Tree Top Way
    Methuen,MA01844     		none I Scholarship 3,500
    Christopher Kelly
    13 Morgan Avenue
    Pelham,NH03076     		None I Scholarship 3,500
    Victoria Kish
    20 Hawk Drive
    Salem,NH03079     		none I Scholarship 5,000
    Michaela Kowalyk
    9 Whippletree Road
    Chelmsford,MA01824     		None I Scholarship 5,000
    Alexander Lambert
    89 Rainbow Avenue
    Dracut,MA01826     		none I Scholarship 3,000
    Pichliya Liang
    23 Phillips Street
    Lowell,MA01854     		None I Scholarship 5,000
    Socheata Mam
    35 Evergreen Street
    Chelmsford,MA01824     		none I Scholarship 4,000
    Philip Marks
    20 Maxwell Road
    Winchester,MA01890     		none I Scholarship 4,000
    Taylor Marerro
    14 Mount Vernon Street
    Haverhill,MA01830     		None I Scholarship 3,000
    Zoe Marrero
    14 Mount Vernon Street
    Haverhill,MA01830     		None I Scholarship 1,000
    Sophia Marsden
    72 Pentucket Ave
    Lowell,MA01852     		none 1 Scholarship 4,500
    Dominic Mateo
    150 Saratoga Street
    Lawrence,MA01841     		None 1 Scholarship 1,000
    Hannah Mattsen
    185 Old Westford Road
    Chelmsford,MA01824     		None I Scholarship 2,000
    Molly McAnespie
    5 Holyrood Avenue
    Lowell,MA01852     		none I Scholarship 1,000
    Allison McCabe
    4 Carriage Way
    Westford,MA01886     		none I Scholarship 4,000
    Bailey McCaul
    16 Acorn Street
    Lynn,MA01902     		none I Scholarship 2,000
    Emily McDaid
    71 Wyman Street
    Medford,MA02155     		None I Scholarship 3,000
    Kyle Luis Melo
    599 Central Street
    Lowell,MA01852     		None I Scholarship 3,000
    Rebecca Morgheim
    173 Brook Street
    Dracut,MA01826     		None I Scholarship 4,000
    Ashton Mota
    105 18th Street
    Lowell,MA01850     		None I Scholarship 1,000
    Meghan Mulvey
    36 West Duston Raod
    Salem,NH03079     		none I Scholarship 4,500
    Riley Mulvey
    36 West Duston Raod
    Salem,NH03079     		None I Scholarship 1,000
    Karynna Munoz
    39 East Platt Street
    Lawrence,MA01841     		None I Scholarship 4,000
    Erin O'Brien
    6 Laurel Lane
    Tyngsborough,MA01879     		none I Scholarship 3,000
    Owen O'Brien
    6 Charme Road
    Billerica,MA01821     		None I Scholarship 2,000
    Corey O'Neill
    7 Chestnut Road
    Tyngsboro,MA01879     		None I Scholarship 4,000
    Paul Pacheco
    70 Boylston Street
    Lowell,MA01852     		None I Scholarship 2,000
    Cassidy Peinert
    58 Gumpus Road
    Dracut,MA01826     		none I Scholarship 3,000
    Joargy Perez
    55 Avon Street
    Lawrence,MA01841     		None I Scholarship 4,500
    Jone Perez
    55 Avon Street
    Lawrence,MA01841     		none 1 Scholarship 4,500
    Jonathan Picanco
    20 Olive Street
    Lowell,MA01852     		none I Scholarship 1,000
    Juliana Porto
    9 Harley Lane
    Salem,NH03079     		none I Scholarship 3,500
    Olivia Porto
    24 Lannan Drive
    Pelham,NH03076     		None 1 Scholarship 3,500
    Luke Priestly
    60 Thomas Drive
    Chelmsford,MA01824     		None I Scholarship 3,000
    Pranal Rai
    215 Gresham Street
    Springfield,MA01119     		none I Scholarship 2,000
    Hadley Raymond
    5 Hillside Avenue
    Exeter,NH03833     		none I Scholarship 1,000
    Abigail Reyes
    102 Broadway 2
    Methuen,MA01844     		none 1 Scholarship 1,000
    Kate Santos
    4 Cider Lane
    Dracut,MA01826     		none 1 Scholarship 3,000
    Ryan Santos
    14 Anna Louise Drive
    Hudson,NH03051     		None I Scholarship 4,000
    Jakob Scopelites
    30 Brickyard Drive
    Litchfield,NH03052     		none I Scholarship 4,500
    Trevor Scopelites
    30 Brickyard Drive
    Litchfield,NH03052     		none I Scholarship 1,000
    Tyler Scopelites
    30 Brickyard Drive
    Litchfield,NH03052     		none I Scholarship 1,000
    Davonn Smith
    65 South Highland Street
    Lowell,MA01852     		none I Scholarship 3,000
    Jennifer Souza
    12 Village Lane 47
    Tyngsborough,MA01879     		None 1 Scholarship 1,000
    Nolan Speidel
    31 Baniulis Road
    Billerica,MA01821     		None I Scholarship 4,500
    Titiana Tambi
    1929 Middlesex St 6
    Lowell,MA01851     		none 1 Scholarship 2,500
    Julia Terra-Salom
    1 Woodland Drive
    Hudson,MA01749     		none I Scholarship 1,000
    Noah Tierney-Honan
    77 Chapman Street
    Dracut,MA01826     		None I Scholarship 4,500
    Tayleigh Tierney-Honan
    77 Chapman Street
    Dracut,MA01826     		none 1 Scholarship 1,000
    Miguel Vasconcelos
    106 Valley Road
    Dracut,MA01826     		None I Scholarship 2,000
    Paris Vega
    39 Abbott Street
    Lawrence,MA01843     		none I Scholarship 1,000
    Emily Veiga
    27 Tiffany Drive
    Lowell,MA01852     		none I Scholarship 4,000
    Alexis Vitorino
    26 Cidalia Drive
    Lowell,MA01854     		none I Scholarship 3,000
    Ariana Vitorino
    1585 Mammoth Road
    Dracut,MA01826     		none I Scholarship 3,500
    Nathan Vitorino
    1585 Mammoth Road
    Dracut,MA01826     		None I Scholarship 1,000
    Aarons' Presents
    180 Main Street
    Andover,MA01810     		None PC General operations 15,000
    Able to Serve - New England Inc
    998 Varum Avenue
    Lowell,MA01854     		none PC General operations 2,500
    ACT Lawrence Inc
    15 Union Street Suite 409
    Lawrence,MA01840     		none PC General operations 10,000
    Adolescent Consultation Services
    189 Cambridge Street 1
    Cambridge,MA02141     		none PC General operations 10,000
    Bethany Community Services Inc
    10 Phoenix Row 4th Floor
    Haverhill,MA01832     		None PC General operations 20,000
    Boys & Girls Club of Greater Billerica
    19 Campbell Road
    Billerica,MA01821     		None PC General operations 5,000
    Boys & Girls Club of Greater Lowell
    657 Middlesex Street
    Lowell,MA01851     		none PC General operations 25,000
    Boys & Girls Club of Greater Nashua
    One Positive Place
    Nashua,NH03060     		none PC General operations 20,000
    Boys & Girls Clubs of MetroWest
    169 Pleasant Street
    Marlborough,MA01752     		none PC General operations 7,500
    Bread & Roses
    58 Newbury Street
    Lawrence,MA01840     		None PC General operations 10,000
    Breakthrough Manchester
    The Derryfield School 2108 River
    Road
    Manchester,NH03104     		None PC General operations 5,000
    Budget Buddies Inc
    114 Turnpike Road
    Chelmsford,MA01824     		none PC General operations 6,000
    Catholic Charities New Hampshire
    215 Myrtle Street
    Manchester,NH03104     		None PC General operations 15,000
    Catie's Closet
    19 School Street
    Dracut,MA01826     		None PC General operations 15,000
    Central Food Ministry
    69 Skyline Drive
    Acton,MA01720     		none PC General operations 25,000
    Challenge Unlimited Inc
    450 Lowell Street Ironstone Farm
    Andover,MA01810     		none PC General operations 20,000
    D'Youville Life & Wellness Community
    981 Varnum Avenue
    Lowell,MA01854     		none PC General operations 25,000
    Discovery Museum
    177 Main Street
    Acton,MA01720     		none PC General operations 5,000
    Emmaus Inc
    127 How Street
    Haverhill,MA01832     		none PC General operations 5,000
    Esperanza Academy
    198 Garden Street
    Lawrence,MA01840     		None PC General operations 10,000
    Family Promise of Southern New Hampshire
    3 Crown Street
    Nashua,NH03061     		none PC General operations 10,000
    Friends of Aine
    146 Lowell Street
    Manchester,NH03104     		None PC General operations 5,000
    Gaining Ground
    341 Virginia Road
    Concord,MA01742     		None PC General operations 10,000
    Harbor Homes dba Harbor Care
    77 Northeastern Blvd
    Nashua,NH03051     		none PC General operations 10,000
    Housing Families Inc
    919 Eastern Avenue
    Malden,MA02148     		none PC General operations 25,000
    Jeanne Geiger Crisis Center Inc
    2 Harris Street
    Newburyport,MA01950     		None PC General operations 10,000
    Lowell Catholic
    530 Stevens Street
    Lowell,MA01851     		none PC General operations 20,184
    Lowell General Hospital
    295 Varnum Avenue
    Lowell,MA01854     		None PC General operations 25,000
    Mayhew Program
    293 West Shore Road
    Bristol,NH03222     		None PC General operations 5,000
    Merrimack Valley Food Bank
    733 Broadway Street
    Lowell,MA01854     		none PC General operations 10,000
    Mill City Grows
    650 Suffolk Street Suite G10
    Lowell,MA01854     		none PC General operations 12,000
    Mind Your Business Inc
    1 Heritage Lane
    Andover,MA01810     		none PC General operations 900
    Nashua Association for the Elderly DBA Nashua Senior Activity Center
    70 Temple Street
    Nashua,NH03060     		none PC General operations 5,000
    Plummer Youth Promise
    37 Winter Island Road
    Salem,MA01970     		None PC General operations 10,000
    Power of Flowers Project
    PO Box 294
    Tewksbury,MA01876     		None PC General operations 5,000
    Reach Out and Read
    89 South Street 201
    Boston,MA02111     		None PC General operations 10,000
    Rise Above Foundation
    PO Box 174
    Northbridge,MA01534     		None PC General operations 20,000
    Silverthorne Medical Adult Day Center
    23 Geremonty Drive
    Salem,NH03079     		None PC General operations 10,000
    St George Anatiochian Orthodox Church
    8 Lowell Street
    Lawrence,MA01840     		none PC General operations 15,000
    Southern New Hampshire Mental Health Center DBA Center for Life Management
    10 Tsienneto Road
    Derry,NH03038     		None PC General operations 5,000
    St Joseph Community Services
    395 Daniel Webster Highway
    Merrimack,NH03054     		None PC General operations 17,000
    The Friends Program
    202 N State Street
    Concord,NH03301     		None PC General operations 5,000
    The Mental Health Center of Greater Manchester
    2 Wall Street 200
    Manchester,NH03101     		None PC General operations 12,500
    ThinkGive Inc
    26 Elm Street
    Concord,NH01742     		None PC General operations 5,000
    YMCA of Greater Nashua
    10 Cotton Road Suite 1
    Nashua,NH03063     		None PC General operations 10,000
    Life Connection Center
    192 Appleton Street
    Lowell,MA01852     		None PC General operations 7,000
    Rise Above Foundation
    PO Box 174
    Northbridge,MA01534     		None PC General operations - pandemic relief 5,000
    Pelham NH Council on Aging Corp
    103 Dutton Road
    Pelham,NH03076     		None PC General operations - pandemic relief 5,000
    Lowell Community Charter Public School
    206 Jackson Street
    Lowell,MA01852     		None PC General operations - pandemic relief 5,000
    Boys & Girls Club of Manchester
    555 Union Street
    Manchester,NH03104     		None PC General operations - pandemic relief 5,000
    Lowell Association for the Blind
    169 Merrimack Street 2nd Floor
    Lowell,MA01852     		None PC General operations - pandemic relief 5,000
    Alzheimer's Association of MANH Chapter
    309 Waverly Oaks Road
    Waltham,MA02452     		None PC General operations - pandemic relief 5,000
    Seacoast Family Promise
    27 Hampton Road
    Exeter,NH03833     		None PC General operations - pandemic relief 5,000
    Hospice Help Foundation
    155 Fleet Street
    Portsmouth,NH03801     		None PC General operations - pandemic relief 5,000
    Catie's Closet
    19 School Street
    Dracut,MA01826     		None PC General operations - pandemic relief 5,000
    Lowell Humane Society
    951 Broadway Street
    Lowell,MA01854     		None PC General operations - pandemic relief 5,000
    Employment Options Inc
    82 Brigham Street
    Marlborough,MA01752     		None PC General operations - pandemic relief 5,000
    Arlington EATS
    58 Medford Street
    Arlington,MA02474     		None PC General operations - pandemic relief 5,000
    Cambodian Mutual Assistance Association (CMAA)
    465 School Street
    Lowell,MA01851     		None PC General operations - pandemic relief 5,000
    Alternative House (Women In Transition Inc)
    PO Box 2100
    Lowell,MA01851     		None PC General operations - pandemic relief 5,000
    WHEAT Community Cupboard
    PO Box 847 272 High Street
    Clinton,MA01510     		None PC General operations - pandemic relief 5,000
    Boys & Girls Club of Greater Lowell
    657 Middlesex Street
    Lowell,MA01851     		None PC General operations - pandemic relief 5,000
    Greater Lawrence Family Health Center
    1 Griffin Brook Drive 209
    Methuen,MA01844     		None PC General operations - pandemic relief 5,000
    Wayside Youth & Family Support Network
    3 Frederick Abbott Way
    Framingham,MA01701     		None PC General operations - pandemic relief 5,000
    One Family Inc
    423 West Broadway Suite 402
    Boston,MA02127     		None PC General operations - pandemic relief 5,000
    My Breast Cancer Support
    PO Box 1576
    Portsmouth,NH03802     		None PC General operations - pandemic relief 5,000
    The Price Center
    27 Christina Street Suite 201
    Newton,MA02461     		None PC General operations - pandemic relief 5,000
    Total .................................bullet 3a 885,584
    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 2,597  
    4 Dividends and interest from securities....     14 526,268  
    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 -474,048  
    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 54,817 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    54,817
    (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 InvestmentsCorpStockSchedule
    Name:
    The Saab Family Foundation
    EIN:
    27-4392768
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Morgan Stanley - stocks details available on request 5,375,934 6,432,549

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Saab Family Foundation
    EIN:
    27-4392768
    US Government Securities - End of Year Book Value:

    1,423,966
    US Government Securities - End of Year Fair Market Value:

    1,423,966
    State & Local Government Securities - End of Year Book Value:


    614,509
    State & Local Government Securities - End of Year Fair Market Value:


    652,195


    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Saab Family Foundation
    EIN:
    27-4392768
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Morgan Stanley - ETF details available on request AT COST 4,978,007 5,261,478
    Morgan Stanley - mut fnd details available on request AT COST 3,728,320 3,685,243
    Millennium Intnl HF Adv AT COST 423,418 586,279
    HF Milleninium Intl CL AT COST 76,582 97,074

    TY 2020 LegalFeesSchedule
    Name:
    The Saab Family Foundation
    EIN:
    27-4392768
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Professional Fees 8,003 0   0


    TY 2020 OtherExpensesSchedule
    Name:
    The Saab Family Foundation
    EIN:
    27-4392768
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Fees - 52923 32,641 27,641   0
    Investment Fees - 68345 2,627 2,627   0
    Investment Fees & exp - 68339 77,111 77,111   0
    Service fees - 68922 476 476   0
    Scholarship mgmt system 2,500 0   0
    Other expense 4,042 0   0


    TY 2020 OtherIncreasesSchedule
    Name:
    The Saab Family Foundation
    EIN:
    27-4392768
    Description Amount
    Book to Tax Timing differences 29,524


    TY 2020 TaxesSchedule
    Name:
    The Saab Family Foundation
    EIN:
    27-4392768
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Taxes - 52923 78 0   0
    Foreign Taxes - 68339 9,418 0   0
    Federal Excise Taxes 11,333 0   0