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 1434 FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)160 COMMONWEALTH AVENUE SUITE L10
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02116
A Employer identification number

47-2480352
B Telephone number (see instructions)

(617) 589-3865
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$84,289,747J 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) 1,161,983
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,044,030 1,044,030  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,189,074
b Gross sales price for all assets on line 6a 31,957,791
7 Capital gain net income (from Part IV, line 2)... 1,911,206
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 145,737 145,737  
12 Total. Add lines 1 through 11........ 3,540,824 3,100,973  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 139,051 0   139,051
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 3,301 0   3,301
b Accounting fees (attach schedule)....... Click to see attachment 24,623 21,364   3,259
c Other professional fees (attach schedule).... Click to see attachment 259,516 248,013   11,503
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 78,179 23,102   21,624
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 31,104 0   31,104
21 Travel, conferences, and meetings....... 4,659 0   4,659
22 Printing and publications.......... 11,926 0   11,926
23 Other expenses (attach schedule)....... Click to see attachment 128,581 99,653   28,612
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 680,940 392,132   255,039
25 Contributions, gifts, grants paid....... 3,449,648 3,449,648
26 Total expenses and disbursements. Add lines 24 and 25 4,130,588 392,132   3,704,687
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -589,764
b Net investment income (if negative, enter -0-) 2,708,841
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,223,340 3,921,527 3,921,527
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) 2,759,087 Click to see attachment2,213,941 2,297,836
b Investments—corporate stock (attach schedule)....... 40,958,445 Click to see attachment39,551,444 53,717,820
c Investments—corporate bonds (attach schedule)....... 10,402,716 Click to see attachment9,679,174 10,060,343
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 11,687,102 Click to see attachment12,116,779 14,292,221
14 Land, buildings, and equipment: basis bullet7,070
Less: accumulated depreciation (attach schedule) bullet7,070      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 68,030,690 67,482,865 84,289,747
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) Click to see attachment2,338 Click to see attachment44,277
23 Total liabilities (add lines 17 through 22)......... 2,338 44,277
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 68,028,352 67,438,588
29 Total net assets or fund balances (see instructions)..... 68,028,352 67,438,588
30 Total liabilities and net assets/fund balances (see instructions). 68,030,690 67,482,865
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
68,028,352
2
Enter amount from Part I, line 27a .....................
2
-589,764
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
67,438,588
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
67,438,588
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 FROM K-1: DAVIS INVESTMENT VENTURES FUND IV-B LP P   2020-12-31
b FROM K-1: DAVIS INVESTMENT VENTURES FUND III-A LP P   2020-12-31
c FROM K-1: DAVIS INVESTMENT VENTURES FUND III-A LP P   2020-12-31
d FROM K-1: DAVIS INVESTMENT VENTURES FUND III-A LP P   2020-12-31
e FROM K-1: IVY REALTY FUND IV, LP P   2020-12-31
FROM K-1: TRUEBRIDGE CAPITAL PARTNERS FUND IV (CAYMAN) P   2020-12-31
FROM K-1: TRUEBRIDGE CAPITAL PARTNERS FUND IV (CAYMAN) P   2020-12-31
FROM K-1: TRUEBRIDGE-KAUFFMAN P   2020-12-31
FROM K-1: TRUEBRIDGE-KAUFFMAN P   2020-12-31
FIDELITY - 3897 P   2020-12-31
FIDELITY - 3897 P   2020-12-31
FIDELITY - 7656 P   2020-12-31
FIDELITY - 7656 P   2020-12-31
NET CAPITAL GAIN CATALYST EPF II (SCOTS) LP P   2020-12-31
FROM K-1: RCP FUND X LP P   2020-12-31
FROM K-1: RCP FUND X LP P   2020-12-31
FROM K-1: RCP FUND X LP P   2020-12-31
FROM K-1: CORE PRIVATE EQUITY FUND LP P   2020-12-31
FROM K-1: CORE PRIVATE EQUITY FUND LP P   2020-12-31
FROM K-1: CORE PRIVATE EQUITY FUND LP P   2020-12-31
CAPITAL GAINS DIVIDENDS 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 650     650
b 1,428     1,428
c 6,673     6,673
d 15,200     15,200
e 9,531     9,531
142     142
    9 -9
826     826
59,817     59,817
4,107,634   4,151,705 -44,071
2,602,494   2,560,001 42,493
6,611,299   7,559,272 -947,973
18,372,524   15,775,567 2,596,957
17,061     17,061
65     65
20,749     20,749
6,397     6,397
700     700
    31 -31
2     2
124,599     124,599
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       650
b       1,428
c       6,673
d       15,200
e       9,531
      142
      -9
      826
      59,817
      -44,071
      42,493
      -947,973
      2,596,957
      17,061
      65
      20,749
      6,397
      700
      -31
      2
      124,599
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,911,206
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 37,653
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 37,653
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 37,653
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 31,905
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 27,500
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 59,405
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 21,752
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet21,752 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    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. Click to see attachment...............................
    10
    Yes
     
    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 ofbulletTHOMAS S FITZPATRICK Telephone no.bullet (617) 589-3865

    Located atbullet160 COMMONWEALTH AVENUE SUITE L10BOSTONMA ZIP+4bullet02116
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    FOTENE J DEMOULAS PRESIDENT / DIRECTOR
    45.00     		0 0 0
    160 COMMONWEALTH AVENEUE SUITE L10
    BOSTON,MA02116
    THOMAS S FITZPATRICK CLERK / DIRECTOR
    2.50     		0 0 0
    109 BEACON STREET UNIT 1
    BOSTON,MA02116
    THOMAS P COTE TREASURER / DIRECTOR
    10.00     		0 0 0
    160 COMMONWEALTH AVENEUE SUITE L10
    BOSTON,MA02116
    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
    BRIANNA LAWLESS GRANTS & ADMINISTRAT
    40.00     		116,333 0 0
    26 MYRTLE ST 9
    BOSTON,MA02114
    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
    BALLENTINE PARTNERS WEALTH MANAGEMENT 226,164
    230 3RD AVE FL 6
    WALTHAM,MA02451
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    72,468,597
    b
    Average of monthly cash balances.......................
    1b
    2,510,151
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    74,978,748
    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
    74,978,748
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,124,681
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    73,854,067
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,692,703
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,692,703
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    37,653
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    37,653
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,655,050
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,655,050
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,655,050
    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
    3,704,687
    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
    3,704,687
    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
    3,704,687
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 3,655,050
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 3,675,187
    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$ 3,704,687
    a Applied to 2019, but not more than line 2a 3,675,187
    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..... 29,500
    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 ..........     		3,625,550
    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).)
    FOTENE J DEMOULAS
    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
    ARTISTS FOR HUMANITY
    100 W 2ND STREET
    BOSTON,MA02127     		NONE   CHARITABLE 50,000
    BARD COLLEGE
    30 CMAPUS ROAD
    ANNANDALEONHUDSON,NY12504     		NONE   CHARITABLE 50,000
    BE LIKE BRIT FOUNDATION
    66 PULLMAN STREET
    WORCESTER,MA01606     		NONE   CHARITABLE 50,000
    BOYS & GIRLS CLUB OF BOSTON
    200 HIGH STREET 3RD FLOOR
    BOSTON,MA02110     		NONE   CHARITABLE 50,000
    BRIDGE OVER TROUBLED WATERS INC
    47 WEST STREET
    BOSTON,MA02111     		NONE   CHARITABLE 5,000
    BROOKS SCHOOL
    1160 GREAT POND ROAD
    NORTH ANDOVER,MA01845     		NONE   CHARITABLE 50,000
    BUDGET BUDDIES INC
    114 TURNPIKE ROAD 2D
    CHELMSFORD,MA01824     		NONE   CHARITABLE 50,000
    BUILD GREATER BOSTON
    745 ATLANTIC AVENUE 8TH FLOOR
    BOSTON,MA02111     		NONE   CHARITABLE 25,000
    CAMP HARBOR VIEW FOUNDATION
    1946 WASHINGTON STREET
    BOSTON,MA02118     		NONE   CHARITABLE 125,000
    CATIE'S CLOSET
    19 SCHOOL STREET
    DRACUT,MA01826     		NONE   CHARITABLE 100,000
    CITYSPROUTS INC
    678 MASSACHUSETTS AVENUE
    CAMBRIDGE,MA02139     		NONE   CHARITABLE 25,000
    COMMONWEALTH KITCHEN
    196 QUINCY STREET
    DORCHESTER,MA02121     		NONE   CHARITABLE 105,000
    COMMUNITY SERVING INC
    18 MARBURY TERRACE
    JAMAICA PLAIN,MA02130     		NONE   CHARITABLE 5,000
    CROSSROAD FOR KIDS INC
    119 MYRTLE STREET
    DUXBURY,MA02332     		NONE   CHARITABLE 60,000
    DRACUT SCHOLARSHIP FOUNDATION
    PO BOX 117
    DRACUT,MA01826     		NONE   CHARITABLE 40,000
    EAGLE HILL FOUNDATION OF MASSACHUSETTS
    242 OLD PETERSHAM ROAD
    HARWICH,MA01037     		NONE   CHARITABLE 50,000
    EDESIA
    550 ROMANDO VINEYARD WAY
    NORTH KINGSTOWN,RI02852     		NONE   CHARITABLE 30,000
    ESPERANZA ACADEMY
    198 GARDEN STREET
    LAWRENCE,MA01840     		NONE   CHARITABLE 100,000
    ESPLANADE ASSOCIATION INC
    376 BOYLSTON STREET 503
    BOSTON,MA02116     		NONE   CHARITABLE 25,000
    FAMILY SERVICES OF THE MERRIMACK VALLEY
    430 N CANAL STREET
    LAWRENCE,MA01840     		NONE   CHARITABLE 50,000
    FRIENDS OF THE CHILDREN-BOSTON
    555 AMORY STREET
    JAMAICA PLAIN,MA02130     		NONE   CHARITABLE 50,000
    GENERATIONS INCORPORATED
    25 KINGSTON STREET
    BOSTON,MA02111     		NONE   CHARITABLE 25,000
    GREEK 4 KIDS INC
    1345 CENTRE STREET
    NEWTON,MA02459     		NONE   CHARITABLE 5,000
    HORIZONS FOR HOMELESS CHILDREN INC
    1705 COLUMBUS AVENUE
    ROXBURY,MA02119     		NONE   CHARITABLE 100,000
    IRISH CULTURAL CENTER INC
    429 MORGAN RD
    W SPRINGFIELD,MA01089     		NONE   CHARITABLE 5,000
    JEFF'S PLACE
    34 DELOSS STREET
    FRAMINGHAM,MA01702     		NONE   CHARITABLE 25,000
    JUMPSTART FOR YOUNG CHILDREN INC
    308 CONGRESS STREET
    BOSTON,MA02210     		NONE   CHARITABLE 50,000
    JUNIOR ACHIEVEMENT
    40 FIFTH AVENUE SUITE 300
    WALTHAM,MA02451     		NONE   CHARITABLE 25,000
    LAST HOPE K9 RESCUE
    71 COMMERCIAL ST 184
    BOSTON,MA02109     		NONE   CHARITABLE 5,000
    LET'S GET READY INC
    50 BROADWAY 25TH FLOOR
    NEW YORK,NY10004     		NONE   CHARITABLE 25,000
    LOVIN' SPOONFULS
    367 WESTERN AVE
    BRIGHTON,MA02135     		NONE   CHARITABLE 100,000
    LOWELL TRANSITIONAL LIVING CENTER INC
    189 MIDDLESEX STREET
    LOWELL,MA01852     		NONE   CHARITABLE 5,000
    MACDOWELL COLONY INC
    100 HIGH STREET
    PETERSBOROUGH,NH03458     		NONE   CHARITABLE 15,000
    MASS MENTORING PARTNERSHIP INC
    75 KNEELAND STREET
    BOSTON,MA02111     		NONE   CHARITABLE 25,000
    MASSACHUSETTS COLLEGE OF ART AND DESIGN
    621 HUNTINGTON AVENUE
    BOSTON,MA02115     		NONE   CHARITABLE 30,000
    MASSACHUSETTS FARM TO SCHOOL
    89 SOUTH STREET
    BOSTON,MA02111     		NONE   CHARITABLE 25,000
    MASSACHUSETTS WONDERFUND INC
    600 WASHINGTON STREET 6TH FLOOR
    BOSTON,MA02111     		NONE   CHARITABLE 5,000
    MENTOR THE NATIONAL MENTORING PARTNERSHIP
    201 SOUTH STREET
    BOSTON,MA02111     		NONE   CHARITABLE 50,000
    MICHAEL P QUINN SCHOLARSHIP FUND INC
    PO BOX 290216
    CHARLESTOWN,MA02129     		NONE   CHARITABLE 5,000
    MILL CITY GROWS INC
    122 WESTERN AVE
    LOWELL,MA01851     		NONE   CHARITABLE 95,000
    NEIGHBORHOOD VILLAGES INC
    64 SIGOURNEY ST
    JAMAICA PLAIN,MA02130     		NONE   CHARITABLE 50,000
    NEW ENGLAND GRASSROOTS ENVIRONMENTAL FUND
    PO BOX 611
    NEWMARKET,NH03857     		NONE   CHARITABLE 25,000
    NORTH BENNET STREET SCHOOL
    150 NORTH STREET
    BOSTON,MA02109     		NONE   CHARITABLE 50,000
    NOTRE DAME ACADEMY HINGHAM
    1073 MAIN STREET
    HINGHAM,MA02043     		NONE   CHARITABLE 5,000
    NOW AND THERE INC
    PO BOX 52557
    BOSTON,MA02205     		NONE   CHARITABLE 50,000
    ONE FAMILY INC
    800 SOUTH STREET 610
    WALTHAM,MA02453     		NONE   CHARITABLE 170,000
    PARTNERS FOR YOUTH WITH DISABILITIES
    95 BERKELEY STREET
    BOSTON,MA02116     		NONE   CHARITABLE 25,000
    PERKINS SCHOOL FOR THE BLIND
    175 N BEACON STREET
    WATERTOWN,MA02472     		NONE   CHARITABLE 5,000
    PINE STREET INN
    444 HARRISON AVE
    BOSTON,MA02118     		NONE   CHARITABLE 75,000
    PROJECT BREAD-THE WALK FOR HUNGER INC
    145 BORDER STREET
    BOSTON,MA02128     		NONE   CHARITABLE 50,000
    RAW ART WORKS INC
    37 CENTRAL SQUARE 2
    LYNN,MA01901     		NONE   CHARITABLE 50,000
    RON BURTON TRAINING VILLAGE INC
    55 MORGAN ROAD
    HUBBARDSTON,MA01452     		NONE   CHARITABLE 47,000
    ROSIE'S PLACE INC
    889 HARRISON AVENUE
    BOSTON,MA02118     		NONE   CHARITABLE 5,000
    SALISBURY SCHOOL INC
    251 CANAAN ROAD
    SALISBURY,CT06068     		NONE   CHARITABLE 50,000
    SCHOOL THE WORLD INC
    376 BOYLSTON STREET 203
    BOSTON,MA02116     		NONE   CHARITABLE 50,000
    SCIENCE CLUB FOR GIRLS
    136 MAGAZINE STREET
    CAMBRIDGE,MA02139     		NONE   CHARITABLE 25,000
    SILVER LINING MENTORING
    7327 ATLANTIC AVENUE
    BOSTON,MA02111     		NONE   CHARITABLE 50,000
    SKOWHEGAN SCHOOL OF PAINTING & SCULPTURE
    1 ART SCHOOL ROAD
    SKOWHEGAN,ME04950     		NONE   CHARITABLE 15,000
    SOCIAL INNOVATION FORUM INC
    1 CONGRESS STREET SUITE 113
    BOSTON,MA02114     		NONE   CHARITABLE 50,000
    SQUASHBUSTERS INC
    795 COLUMBUS AVE
    ROXBURY CROSSING,MA02120     		NONE   CHARITABLE 25,000
    SWIM ACROSS AMERICA INC
    11600 N COMMUNITY HOUSE ROAD SUITE
    100
    CHARLOTTE,NC28277     		NONE   CHARITABLE 5,000
    THE BOSTON POLICE FOUNDATION INC
    8 FANUEIL HALL MARKETPLACE 3RD
    FLOOR
    BOSTON,MA02109     		NONE   CHARITABLE 55,000
    THE BOSTON PUBLIC LIBRARY FOUNDATION
    700 BOYLSTON STREET
    BOSTON,MA02116     		NONE   CHARITABLE 25,000
    THE CHILL FOUNDATION
    80 INDUSTRIAL PARKWAY
    BURLINGTON,VT05401     		NONE   CHARITABLE 30,000
    THE FEMINIST INSTITUTE
    1220 PARK AVE SR7
    NEW YORK,MA10128     		NONE   CHARITABLE 50,000
    THE FOOD PROJECT INC
    40 SHIRLEY STREET
    BOSTON,MA02119     		NONE   CHARITABLE 50,000
    THE LIFE IS GOOD KIDS FOUNDATION
    51 MELCHER STREET 9TH FLOOR
    BOSTON,MA02210     		NONE   CHARITABLE 50,000
    THE SATO PROJECT
    77 FRONT STREET
    BROOKLYN,NY11201     		NONE   CHARITABLE 5,000
    UNIVERSITY OF MASSACHUSETTS FOUNDATION
    1 BEACON STREET
    BOSTON,MA02108     		NONE   CHARITABLE 50,000
    URBAN FARMING INSTITUTE OF BOSTON INC
    34 LINWOOD STREET
    ROXBURY,MA02119     		NONE   CHARITABLE 25,000
    URBAN FOOD INITIATIVE
    450 WASHINGTON STREET
    DORCHESTER CENTER,MA02124     		NONE   CHARITABLE 50,000
    UTEC INC
    35 WARREN STREET
    LOWELL,MA01852     		NONE   CHARITABLE 75,000
    VETERAN LEGAL SERVICES
    PO BOX 8457
    BOSTON,MA02114     		NONE   CHARITABLE 50,000
    VOICES IN CONTEMPORARY ART
    70 WASHINGTON STREET SQUARE S
    NEW YORK,NY10012     		NONE   CHARITABLE 75,000
    BOSTON MEDICAL CENTER
    1 BOSTON MEDICAL CENTER PLACE
    BOSTON,MA02118     		NONE   CHARITABLE 10,000
    FINE ARTS WORK CENTER
    24 PEARL ST
    PROVINCETOWN,MA02657     		NONE   CHARITABLE 10,000
    THE GREATER BOSTON FOOD BANK INC
    70 SOUTH BAY AVENUE
    BOSTON,MA02118     		NONE   CHARITABLE 5,000
    HULL LIFESAVING MUSEUM INC
    PO BOX 221 NANTASKET AVENUE
    HULL,MA02045     		NONE   CHARITABLE 5,000
    MARTHA'S VINEYARD MUSEUM INC
    151 LAGOON POND ROAD
    VINEYARD HAVEN,MA02568     		NONE   CHARITABLE 5,000
    MASSACHUSETTS AUDUBON SOCIETY INC
    208 SOUTH GREAT ROAD
    LINCOLN,MA01773     		NONE   CHARITABLE 5,000
    NOBLE AND GREENOUGH SCHOOL
    10 CAMPUS DR
    DEDHAM,MA02026     		NONE   CHARITABLE 5,000
    STEPHEN PHILLIPS MEMORIAL
    230 CONGRESS ST FL 12
    BOSTON,MA02110     		NONE   CHARITABLE 144,968
    THE TRUSTEES OF RESERVATIONS
    200 HIGH STREET 4TH FLOOR
    BOSTON,MA02110     		NONE   CHARITABLE 25,000
    WOUNDED WARRIOR PROJECT
    PO BOX 758516
    TOPEKA,KS66675     		NONE   CHARITABLE 5,000
    NEIGHBOR TO NEIGHBOR
    15 COURT SQUARE 345
    BOSTON,MA02108     		NONE   CHARITABLE 10,000
    SCHOLARSHIP GRANTS
    160 COMMONWEALTH AVENUE SUITE L10
    BOSTON,MA02116     		NONE   SCHOLARSHIP 37,680
    Total .................................bullet 3a 3,449,648
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 1,044,030  
    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.....     14 145,737  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 1,189,074  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 2,378,841 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    2,378,841
    (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 1434 FOUNDATION INC
     
    Employer identification number

    47-2480352
    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 1434 FOUNDATION INC
          		Employer identification number
    47-2480352
    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
    FOTENE J DEMOULAS
     
    160 COMMONWEALTH AVENUE SUITE L10
     
    BOSTON, MA02116

    		$ 540,793


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    FOTENE J DEMOULAS
     
    160 COMMONWEALTH AVENUE SUITE L10
     
    BOSTON, MA02116

    		$ 403,190


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    FOTENE J DEMOULAS
     
    160 COMMONWEALTH AVENUE SUITE L10
     
    BOSTON, MA02116

    		$ 218,000


    (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 1434 FOUNDATION INC
          		Employer identification number

    47-2480352
    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
    		 4,360 SHARES OF APPLE INC. VALUE OF TRANSACTION (CUSIP: XXX-XX-XXXX) $ 540,793 2020-12-08
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    2
    		 1,876 SHARES OF MICROSOFT CORP. VALUE OF TRANSACTION (CUSIP: XXX-XX-XXXX) $ 403,190 2020-12-08
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    THE 1434 FOUNDATION INC
          		Employer identification number

    47-2480352
    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 1434 FOUNDATION INC
    EIN:
    47-2480352
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DGC ACCOUNTANT FEES 24,623 21,364   3,259

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    THE 1434 FOUNDATION INC
    EIN:
    47-2480352
    Name of Bond End of Year Book Value End of Year Fair Market Value
    CORPORATE BONDS 9,679,174 10,060,343

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE 1434 FOUNDATION INC
    EIN:
    47-2480352
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EQUITIES 39,551,444 53,717,820

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    THE 1434 FOUNDATION INC
    EIN:
    47-2480352
    US Government Securities - End of Year Book Value:

    1,153,520
    US Government Securities - End of Year Fair Market Value:

    1,187,359
    State & Local Government Securities - End of Year Book Value:


    1,060,421
    State & Local Government Securities - End of Year Fair Market Value:


    1,110,477


    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE 1434 FOUNDATION INC
    EIN:
    47-2480352
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    OTHER INVESTMENTS AT COST 12,116,779 14,292,221

    TY 2020 LegalFeesSchedule
    Name:
    THE 1434 FOUNDATION INC
    EIN:
    47-2480352
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DAVIS MALM & D'AGOSTINE 3,301 0   3,301


    TY 2020 OtherExpensesSchedule
    Name:
    THE 1434 FOUNDATION INC
    EIN:
    47-2480352
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PORTFOLIO DEDUCTIONS FROM PASSTHROUGH ENTITIES 99,653 99,653   0
    OFFICE SUPPLIES AND EXPENSES 15,020 0   15,020
    IT, SOFTWARE & RELATED COMPUTER EXPENSES 13,592 0   13,592
    NON-DEDUCTIBLE EXPENSES 316 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE 1434 FOUNDATION INC
    EIN:
    47-2480352
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    FROM K-1: RCP FUND X, LP -4,956 -4,956 -4,956
    FROM K-1: IVY REALTY FUND IV, LP -10,300 -10,300 -10,300
    FROM K-1: DAVIS INVESTMENT VENTURES FUND III-A LP -14,357 -14,357 -14,357
    FROM K-1: SJC ONSHORE DIRECT LENDING FUND III, LP 188,398 188,398 188,398
    FIDELITY - 377656 -8,774 -8,774 -8,774
    ORDINARY EARNINGS CATALYST EPF II (SCOTS) LP 0 0 0
    FROM K-1: TRUEBRIDGE-KAUFFMAN -307 -307 -307
    FROM K-1: DAVIS INVESTMENT VENTURES FUND IV-B LP -6,403 -6,403 -6,403
    BOSTON PRIVATE BANK 6 6 6
    FROM K-1: TRUEBRIDGE CAPITAL PARTNERS FUND IV (CAYMAN) 153 153 153
    FROM K-1: CORE PRIVATE EQUITY FUND LP 2,277 2,277 2,277


    TY 2020 OtherLiabilitiesSchedule
    Name:
    THE 1434 FOUNDATION INC
    EIN:
    47-2480352
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARD PAYABLE 2,338 44,277


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE 1434 FOUNDATION INC
    EIN:
    47-2480352
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BALLENTINE 226,164 226,164   0
    FIDELITY ADVISOR FEES 21,849 21,849   0
    MELINDA MARBLE 7,375 0   7,375
    STONE CONSULTING 1,137 0   1,137
    HAYLEY BUONOPAE 1,241 0   1,241
    MASS MENTORING PARTNERSHIP 1,750 0   1,750


    TY 2020 SubstantialContributorsSch
    Name:
    THE 1434 FOUNDATION INC
    EIN:
    47-2480352
    Name Address
    FOTENE J DEMOULAS 160 COMMONWEALTH AVENUE SUITE L10
    BOSTON,MA02116


    TY 2020 TaxesSchedule
    Name:
    THE 1434 FOUNDATION INC
    EIN:
    47-2480352
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES 23,102 23,102   0
    PAYROLL TAXES 21,624 0   21,624
    FEDERAL TAXES 28,346 0   0
    STATE TAXES 5,107 0   0