TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go 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 Thoracic Foundation
C/O Taylor Ganson & Perrin LLP

Number and street (or P.O. box number if mail is not delivered to street address)160 Federal St No 20th
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02110

A Employer identification number

04-2226641

B Telephone number (see instructions)

(617) 951-2777

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$11,176,341J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	5,327		4,853	5,327
4	Dividends and interest from securities...	101,533		101,533	101,533
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		340,989
b	Gross sales price for all assets on line 6a 2,423,791
7	Capital gain net income (from Part IV, line 2)...			340,989
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).......		669	669	669
12	Total. Add lines 1 through 11........	448,518		448,044	107,529
13	Compensation of officers, directors, trustees, etc.	51,097		51,097	0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......		13,956	13,956	0	0
c	Other professional fees (attach schedule)....		92,237	92,237	0	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...		2,569	0	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......		748	0	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	160,607		157,290	0	0
25	Contributions, gifts, grants paid.......	389,000				389,000
26	Total expenses and disbursements. Add lines 24 and 25	549,607		157,290	0	389,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-101,089
b	Net investment income (if negative, enter -0-)			290,754
c	Adjusted net income (if negative, enter -0-)...				107,529

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	124,427	81,573	81,573
	2	Savings and temporary cash investments.........	2,696	83,769	83,769
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	30,078	0	0
	b	Investments—corporate stock (attach schedule).......	4,405,633	4,684,762	10,747,085
	c	Investments—corporate bonds (attach schedule).......	130,294	65,069	66,197
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	513,615	192,782	197,717
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,206,743	5,107,955	11,176,341
	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 )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	5,206,743	5,107,955
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	5,206,743	5,107,955
	30	Total liabilities and net assets/fund balances (see instructions).	5,206,743	5,107,955

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

5,206,743

Enter amount from Part I, line 27a .....................

-101,089

Other increases not included in line 2 (itemize) bullet

2,301

Add lines 1, 2, and 3 ..........................

5,107,955

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

5,107,955

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	5 shs Boeing Co.	P	2020-01-06	2020-05-18
b	300 shs Vanguard ST Corp BD	P	2020-07-09	2020-07-17
c	545 shs Vanguard ST Corp BD	P	2020-01-01	2020-07-29
d	35 shs Vanguard ST Corp BD	P	2020-05-18	2020-09-23
e	540 shs Vanguard ST Corp BD	P	2020-05-18	2020-12-24
	30,000 US Treasury NT 2.75%	P	2019-03-13	2020-09-30
	45 shs 3M Co.	P	2017-10-18	2020-02-25
	10 shs Alphabet Inc	P	2010-04-28	2020-05-18
	170 shs Lilly Eli & Co	P	1995-08-17	2020-05-18
	30 shs Microsoft Corp	P	1995-08-17	2020-03-23
	320 shs Microsoft Corp	P	1995-08-17	2020-05-18
	150 shs Microsoft Corp	P	1995-07-17	2020-07-09
	400 shs Omnicom Group	P	2003-03-04	2020-07-09
	80 shs Simon PPTY Group	P	2019-01-01	2020-05-18
	34 shs Texa Instruments	P	1996-01-29	2020-03-23
	180 shs Texas Instruments	P	1996-01-29	2020-05-18
	200 shs Texas Instruments	P	1996-01-29	2020-07-09
	5 shs Amazon	P	2016-02-02	2020-07-08
	2 shs Amazon	P	2016-02-02	2020-09-30
	25,000 shares Biogen Inc. Senior notes	P	2016-02-03	2020-05-28
	15,000 shs Ebay Inc.	P	2015-10-14	2020-08-10
	25,000 shs Ebay Inc Senior Note	P	2019-07-01	2020-07-08
	125 shs Exxon Mobil Corp	P	2019-07-01	2020-09-30
	35 shs Madison Square Garden Entertianment Corp	P	2019-07-01	2020-09-30
	75 shs Microsoft	P	2006-11-24	2020-03-13
	100 shs Microsoft	P	2006-11-24	2020-07-08
	30 shs Microsoft Corp	P	2006-11-24	2020-09-30
	50 shs Nestles SA-Sponsored ADR	P	2005-08-23	2020-09-30
	375 shs Rollins Inc	P	2016-11-15	2020-03-13
	375 shs Ventas Inc	P	2016-11-15	2020-03-13
	216 shs Alibaba Group Holding-SP ADR	P	2019-03-04	2020-02-28
	258 shs Alibaba Group Holding-SP ADR	P	2019-08-15	2020-07-16
	105 shs Alibaba Group Holding-SP ADR	P	2020-06-16	2020-07-16
	514 shs Alibaba Group Holding-SP ADR	P	2020-07-20	2020-08-07
	82 shs Alphabet Inc-CL C	P	2010-11-15	2020-02-04
	86 shs Apple Computer Inc	P	2019-10-11	2020-02-28
	690 shs Caterpillar Inc.	P	2020-04-22	2020-05-12
	219 shs Caterpillar Inc.	P	2020-04-22	2020-05-12
	262 shs Envision Solar International	P	2020-02-27	2020-04-07
	293 shs Envision Solar International	P	2020-02-28	2020-04-07
	258 shs Envision Solar International	P	2020-03-02	2020-04-07
	142 shs Envision Solar International	P	2020-03-02	2020-04-08
	116 shs Envision Solar International	P	2020-03-02	2020-04-09
	216 shs Envision Solar International	P	2020-03-03	2020-04-09
	342 shs Envision Solar International	P	2020-03-03	2020-04-13
	214 shs Envision Solar International	P	2020-03-03	2020-04-14
	314 shs Envision Solar International	P	2020-03-04	2020-04-14
	40 shs Envision Solar International	P	2020-03-05	2020-04-14
	396 shs Envision Solar International	P	2020-03-05	2020-04-15
	212 shs Envision Solar International	P	2020-03-06	2020-04-15
	439 shs Envision Solar International	P	2020-03-06	2020-04-16
	1,002 shs Everquote Inc	P	2019-11-05	2020-10-15
	849 shs Everquote Inc	P	2019-11-06	2020-10-15
	136 shs JP Morgan	P	2019-10-11	2020-03-06
	138 shs JP Morgan	P	2019-10-14	2020-03-06
	1,533 shs Morgan Stanley Dean Witter	P	2019-10-11	2020-03-05
	1494 shs Morgan Stanley Dean Witter	P	2019-10-14	2020-03-05
	19 shs Northrop Grumman Corp	P	2019-12-19	2020-10-12
	549 shs Occidental Petroleum Corp	P	2019-08-09	2020-01-24
	688 shs State Street Corp	P	2020-01-17	2020-03-05
	1,110 shs Sundial Growers	P	2019-08-01	2020-01-30
	0.80 shs Sunrun Inc.	P	2019-11-25	2020-10-12
	47 shs Tesla Motors Inc.	P	2019-12-20	2020-01-09
	44 shs Tesla Motors Inc	P	2019-12-20	2020-02-05
	44 shs Tesla Motors Inc	P	2019-12-20	2020-02-12
	1,188 shs Vivint Solar	P	2019-11-22	2020-07-24
	2,574 shs Vivint Solar	P	2019-11-25	2020-07-24
	478 shs Zoom Video	P	2020-03-30	2020-04-09
	3,475 shs Tsakos Energy Navigation	P	2019-07-16	2020-04-06
	23,305 shs Tsakos Energy Navigation	P	2010-07-16	2020-04-07
	1,561 shs Tsakos Energy Navigation	P	2019-07-17	2020-04-07
	85 shs Alibaba Group	P	2019-03-04	2020-05-04
	227 shs Alibaba Group	P	2019-03-29	2020-05-04
	91 shs Alibaba Group	P	2019-03-29	2020-05-28
	37 shs Alibaba	P	2019-05-01	2020-05-28
	82 shs Alibaba	P	2019-05-01	2020-07-16
	108 shs Alibaba	P	2019-07-12	2020-07-16
	12 shs Amazon Com	P	2015-07-20	2020-02-14
	1,465 shs Beacon Roofing Supply	P	2018-11-21	2020-04-06
	1,540 shs Continental Resources Inc.	P	2017-06-27	2020-01-09
	499 shs Disney (Walt) Company	P	2018-11-09	2020-02-26
	160 shs EOG RES Inc	P	2014-09-16	2020-01-09
	383 shs EOG RES Inc	P	2015-02-03	2020-01-09
	588 shs JP Morgan Chase	P	2016-11-15	2020-03-05
	232 shs JP Morgan Chase	P	2016-11-15	2020-03-06
	292 shs Microsoft Corp	P	2016-07-20	2020-02-14
	221 shs Northrop Grumman	P	2019-08-30	2020-10-12
	2,000 Outfront Media	P	2019-06-17	2020-10-05
	185 shs Outfront Media	P	2019-06-17	2020-10-05
	188 shs Raytheon Co.	P	2016-02-05	2020-02-14
	533 shs Raytheon Co.	P	2016-02-05	2020-03-02
	80 shs Raytheon Co.	P	2017-04-07	2020-03-02
	183 shs Raytheon Co.	P	2018-04-12	2020-03-02
	980 shs APTIV PLC	P	2017-09-22	2020-04-06
	Capital Gain distributions (Schwab)	P
	Capital Gain distributions (SSB)	P
	Capital Gains Dividends	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	659	1,649	-990
b	24,828	24,791	37
c	45,231	44,843	388
d	2,901	2,845	56
e	44,886	43,899	987
	30,000	30,000	0
	6,610	9,823	-3,213
	13,799	2,646	11,153
	26,868	3,211	23,657
	4,112	187	3,925
	59,218	1,992	57,226
	32,138	934	31,204
	20,635	10,447	10,188
	4,537	7,327	-2,790
	3,310	203	3,107
	20,351	1,076	19,275
	26,066	1,196	24,870
	14,959	2,821	12,138
	6,131	1,129	5,002
	25,195	25,041	154
	15,384	14,981	403
	25,000	25,000	0
	5,246	9,846	-4,600
	2,281	2,724	-443
	10,591	2,281	8,310
	20,715	3,041	17,674
	6,046	911	5,135
	5,803	1,396	4,407
	13,480	8,030	5,450
	10,425	23,223	-12,798
	43,576	40,296	3,280
	62,443	43,319	19,124
	25,413	23,530	1,883
	128,506	131,101	-2,595
	117,904	109,115	8,789
	22,295	20,387	1,908
	73,634	76,785	-3,151
	23,371	24,257	-886
	1,853	2,379	-526
	2,073	2,692	-619
	1,825	2,502	-677
	971	1,377	-406
	770	1,125	-355
	1,434	2,108	-674
	2,250	3,338	-1,088
	1,437	2,088	-651
	2,109	2,936	-827
	269	453	-184
	2,679	4,485	-1,806
	1,434	2,629	-1,195
	2,915	5,445	-2,530
	37,839	27,943	9,896
	32,061	25,054	7,007
	14,496	15,878	-1,382
	14,709	16,039	-1,330
	64,965	64,512	453
	63,312	62,812	500
	6,039	6,512	-473
	22,999	25,419	-2,420
	42,499	57,010	-14,511
	1,738	14,430	-12,692
	57	11	46
	22,620	19,244	3,376
	31,710	18,016	13,694
	33,726	18,016	15,710
	26,437	8,211	18,226
	57,280	18,851	38,429
	55,370	72,089	-16,719
	9,421	11,915	-2,494
	8,397	11,332	-2,935
	3,966	5,354	-1,388
	16,180	15,857	323
	43,211	41,150	2,061
	18,055	16,496	1,559
	7,341	7,104	237
	19,846	15,744	4,102
	26,139	18,302	7,837
	25,560	5,857	19,703
	22,173	48,527	-26,354
	51,519	47,714	3,805
	62,361	59,490	2,871
	13,657	16,847	-3,190
	32,690	36,907	-4,217
	66,333	46,145	20,188
	24,729	18,207	6,522
	53,857	16,305	37,552
	70,239	81,467	-11,228
	30,679	49,808	-19,129
	2,838	4,594	-1,756
	42,492	23,674	18,818
	100,226	67,119	33,107
	15,043	12,272	2,771
	34,412	40,510	-6,098
	47,921	84,218	-36,297
	4		4
	39		39
	40		40

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			-990
b			37
c			388
d			56
e			987
			0
			-3,213
			11,153
			23,657
			3,925
			57,226
			31,204
			10,188
			-2,790
			3,107
			19,275
			24,870
			12,138
			5,002
			154
			403
			0
			-4,600
			-443
			8,310
			17,674
			5,135
			4,407
			5,450
			-12,798
			3,280
			19,124
			1,883
			-2,595
			8,789
			1,908
			-3,151
			-886
			-526
			-619
			-677
			-406
			-355
			-674
			-1,088
			-651
			-827
			-184
			-1,806
			-1,195
			-2,530
			9,896
			7,007
			-1,382
			-1,330
			453
			500
			-473
			-2,420
			-14,511
			-12,692
			46
			3,376
			13,694
			15,710
			18,226
			38,429
			-16,719
			-2,494
			-2,935
			-1,388
			323
			2,061
			1,559
			237
			4,102
			7,837
			19,703
			-26,354
			3,805
			2,871
			-3,190
			-4,217
			20,188
			6,522
			37,552
			-11,228
			-19,129
			-1,756
			18,818
			33,107
			2,771
			-6,098
			-36,297
			4
			39
			40

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	340,989
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 ...................		3	62,474

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

Reserved...........................

Reserved,..........................

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	4,041
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	4,041
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	4,041
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	0
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	3,400
d	Backup withholding erroneously withheld ...........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	3,400
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	83
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	724
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax	Refunded	11

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

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?................

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

N/A

The books are in care of bullet

Bradley R Cook Trustee Telephone no. bullet

(617) 951-2777

Located at bullet

160 Federal StreetBostonMA ZIP+4 bullet

02110

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

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

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? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(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)?...............YesNo

(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.).......YesNo

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 ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

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?.............

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)):

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?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

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.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

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 ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

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?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

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? .................YesNo

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
Hilary Worthen	Trustee 0.50	0	0	0
2587 Hilgard Ave Berkeley,CA94709	Trustee 0.50	0	0	0
Bradley R Cook	Trustee 1.00	0	0	0
160 Federal Street Boston,MA02110	Trustee 1.00	0	0	0
Patricia Shepard	Trustee 0.50	0	0	0
23 Burnham Street Belmont,MA02478	Trustee 0.50	0	0	0

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...................				0

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............. bullet

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......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

8,606,936

Average of monthly cash balances.......................

115,515

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

8,722,451

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

8,722,451

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

130,837

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

8,591,614

Minimum investment return. Enter 5% of line 5..................

429,581

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.)

Minimum investment return from Part X, line 6....................

429,581

Tax on investment income for 2020 from Part VI, line 5......

4,041

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

4,041

Distributable amount before adjustments. Subtract line 2c from line 1............

425,540

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

425,540

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

425,540

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

389,000

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

389,000

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.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

389,000

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)

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					425,540
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......
b From 2016......
c From 2017......
d From 2018......
e From 2019......	14,791
fTotal of lines 3a through e........		14,791
4Qualifying distributions for 2020 from Part
XII, line 4: $ 389,000
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					389,000
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		14,791			14,791
(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 ..........					21,749
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)

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 section4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

Bradley R Cook Trustee
160 Federal Street 20th Floor
Boston,MA02110
(617) 951-2777

bThe form in which applications should be submitted and information and materials they should include:

Open

cAny submission deadlines:

None

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

None

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Action on Smoking and Health(ASH) 2013 H Street NW Washington,DC20006	none	Health	General funding for non-smokers rights	5,000
Asthma & Allergy Foundation of America 109 Highland Ave Needham Heights,MA02494	none	Health	Asthma Education and Awareness	25,000
Campaign for Tobacco Free Kids 1400 Eye Street NW Suite 1200 Washington,DC20005	none	Charity	Advocacy program - Kick Butts Day	20,000
Campaign for Tobacco Free Kids 1400 Eye Street NW Suite 1200 Washington,DC20005	none	Charity	Accountability program - Protecting Kids	30,000
Children's Hospital 300 Longwood Ave Boston MA 02215 300 Longwood Avenue Boston,MA02115	none	Charity	Asthma Program-Ms. Klements program	25,000
Compassion & Choices 4155 East Jewell Ave Suite 200 Denver,CO80222	none	Charity	General purpose	35,000
Dana Farber Cancer Institute 10 Brookline Place West Brookline,MA02445	none	Charity	Dr. Janne's research on therapeutic targeting of drug induced persister cells	35,000
Dana Farber Cancer Institute 10 Brookline Place West Brookline,MA02445	none	Charity	Dr. David Barbie Research sensitizing small cell lung cancer to immune checkpoint blockade by restoring neoantigen displayEducation	35,000
Francscan Children's Hospital 30 Warren Street Boston,MA02135	none	Charity	Grant for evaluation of impact of diaphragm ultrasounds for children	30,000
Ichahn School of Medicine at Mount Sinai 1428 Madison Avenue New York NY 1428 Madison Avenue New York,NY10029	None	Charity	Grant to assist Dr. Kale with research related to lung cancer screening project	35,000
Southcoast Hospital 101 Page Street New Bedford MA 02740 101 Page Street New Bedford,MA02470	none	Charity	Smoking cessation program	25,000
Migrant Clinician Network 912 Dartmoor Drive Austin,TX78746	None	Charity	Assisting with covid issues with migrant workers	25,000
Iowa City Free Medical and Dental Clinic 2440 Towncrest Drive Iowa City,IA52240	None	Charity	Assist with programs to reduce smoking addiction	25,000
Lucy Love Bus PO Box 464 Amesbury,MA01913	None	Charity	Assist children coping with cancer and other life-threatening illnesses (focus is on cancers that have metastasided to the lungs and suffer from thoracic disorders due to long-term side effects of cancer treatment.	5,000
Tower Foundation of SJSU One Washington Square San Jose State Univ San Jose,CA95192	None	Charity	Assist with COVID-19 Inequities Research Study	34,000
Total ................................. 3a				389,000

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	5,327
4 Dividends and interest from securities....			14	101,533
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.....			18	669
8 Gain or (loss) from sales of assets other than inventory ............			18	340,989
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		448,518	0

13Total. Add line 12, columns (b), (d), and (e)..................

448,518

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2020 AccountingFeesSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Tax Preparation Fee	13,956	13,956	0	0

- TIN:

TY 2020 InvestmentsCorpBondsSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Name of Bond	End of Year Book Value	End of Year Fair Market Value
15,000 Molson Coors Brewing Co CPN 3.5% 5/1/2002	15,060	15,598
25,000 CVS Health Corp Senior Notes CPN 2.125% due 9/15/21	24,919	25,148
25,000 Analog Devices Inc Senior Notes CPN 2.5% due 12/5/21	25,090	25,451

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Name of Stock	End of Year Book Value	End of Year Fair Market Value
1300 Shs. Southwest Airlines	7,366	60,593
666 Shs. Analog Devices	6,785	98,388
200 shs Pfizer Inc.	5,512	7,362
400 shs Medtronic Inc.	29,533	46,856
800 shs Intel Corp	6,620	39,856
200 shs Novartis AG Sponsored ADR	10,176	18,886
1,200 shs Roche Holdings Ltd Sponsored ADR	26,867	52,608
600 shs PNC Financial Services Group	14,961	89,400
150 shs McDonald's Corp Inc.	10,545	32,187
270 shs US Bancorp	3,448	12,579
200 shs Accenture PLC	11,015	52,242
16 shs American International Group Cw Warrant 1/19/21	273	2
400 shs Caterpillar Inc	6,869	72,808
500 shs Exxon Mobil Corp	8,601	20,610
25 shs Alphabet (Google) Inc.-Class C	6,616	43,816
400 shs IBM	9,413	50,352
210 shs Rockwell Automation	24,430	52,670
250 shs Sempra Energy	13,330	31,853
25 shs Alphabet Inc. CL A	6,850	43,816
200 shs IPG Photonics Corp	12,410	44,758
250 shs Nike Inc-CL B	11,766	70,735
300 shs Pepsico Inc.	20,881	44,490
250 shs Procter & Gamble Co	17,637	34,785
600 shs Unilever PLC Sponsored ADR	18,884	36,216
893 shs Snap On Inc	38,962	152,828
1,695 shs Quanta Services	39,918	122,074
377 shs Targa Resources Corp	4,314	9,945
2,017 shs Marcus & Millichap Inc	24,204	75,093
350 shs Aptargroup	9,320	47,912
200 shs Home Depot	18,964	53,124
200 shs Johnson & Johnson	10,621	31,476
250 shs Visa Inc	17,885	54,683
150 shs 3M Company	11,644	26,219
300 shs Canadian National Railway	2,107	32,955
300 shs JP Morgan Chase & Co.	20,463	38,121
1,495 shs Cheniere Energy Inc	45,054	89,745
400 shs Nextera Energy	14,367	30,860
175 shs Edwards Lifesciences	17,998	47,896
315 shs Novartis	18,554	29,745
693 shs Vertex Pharmaceuticals Inc.	85,741	163,784
2,163 shs Everbridge, Inc	51,846	322,438
808 shs Abbott Laboratories	6,645	88,468
75 shs Berkshire Hathaway	15,805	17,390
233 shs Corteva Inc.	2,986	9,022
233 shs Dupont De Nemours Inc.	8,557	16,569
75 shs Fedex Corp	8,191	19,472
90 shs Lowes Companies Inc.	9,905	14,446
649 shs Royal Dutch Shell	19,097	22,806
98 shs Verizon Communication	5,644	5,758
40 shs Alcon Inc.	1,416	2,639
22 shs Crown Castle Intl Co.	2,912	3,502
150 shs Emerson Electric	10,328	12,056
900 shs Enterprise Products Partners	25,362	17,631
900 shs Coloplast AS	10,690	13,753
10 shs Constellation Software Inc.	9,951	13,030
2,446 shs Coca Cola Co.	133,330	134,139
1,395 shs Pepsico Inc.	179,749	206,879
249 shs Home Depot, Inc.	54,804	66,139
1,076 shs Cognex Corp	55,532	86,387
634 shs Intuit Inc.	39,444	240,825
527 shs Goldman Sachs Group Inc.	113,332	138,975
1,382 shs Innovative Industrial Proper	58,205	253,086
2,643 shs Vaneck Vectors ETF Trust	89,347	143,356
1,657 shs ASGN Inc.	93,437	138,409
4,006 shs AXOS Finl Inc.	105,838	150,345
3,282 shs Cown Inc - Class A	57,484	85,299
6,508 shs CNS Pharmceuticals	26,032	11,584
1,900 shs Teladoc Health Inc.	92,883	379,924
835 shs Celcuity LLC	7,933	7,649
382 shs IGM Biosciences Inc.	6,112	33,727
4,124 shs Akoustis Technologies Inc.	25,775	50,437
1,866 shs Pluralsight Inc - A	46,459	39,111
4,847 shs QUMU Corp	12,118	38,728
2,592 shs Sunnova Energy International	31,104	116,977
1,408 shs Crispr Therapeutics AG	55,768	215,579
3,099 shs Barrick Gold Corp	48,508	70,595
10,877 shs Kinross Gold Corp	55,498	79,837
500 shs Microsoft Corp.	3,113	111,210
15 shs Alphabet Inc.	3,969	26,278
650 shs Lilly Eli & Co	12,279	109,746
800 shs Texas Instruments	4,783	131,304
130 shs Mondelez Intl	7,443	7,601
24 shs Viatris	292	450
150 shs Coresite Realty Corp	18,549	18,792
18 shs Amazon.com inc	10,461	58,625
50 shs Ecolab Inc	9,978	10,818
100 shs Graco Inc	6,333	7,235
130 shs J & J Snack Foods	19,369	20,198
700 shs Keurig Dr. Pepper Inc	18,681	22,400
35 shs Madison Square Garden	7,206	6,444
295 shs Microsoft Corp	8,754	65,614
700 shs Par Technology	14,989	43,953
438 shs Alcon Inc.	23,896	28,899
450 shs Nestle SA-Sponsored ADR	13,179	53,077
459 shs Biogen Inc.	136,130	112,391
182 shs Regeneron	83,248	87,926
763 shs Gilead Sciences	56,037	44,452
920 shs Disney (The Walt) Company	120,076	166,686
262 shs Netflix Inc	97,336	141,671
117 shs Amazon.com	86,626	381,061
1,625 shs Microsoft	90,738	361,433
1,000 shs Verisign	197,591	216,400
7,832 shs Aspen Aerogels Inc	66,630	130,716
722 shs Caterpillar Inc	85,871	131,418
2,240 shs Apple Inc.	134,948	297,226
3,022 shs Newmont Corp	152,186	180,988
1,190 shs Albemarle Corp	97,857	175,549
297 shs Telos Corporation	5,049	9,795
781 shs Peloton Interactive Inc.-A	73,929	118,493
7,728 shs Draftkings Inc.	83,056	359,816
6,310 shs Growgeneration Corp	35,336	253,788
258 shs Altabancorp	3,741	7,203
14 shs Lemonade Inc	406	1,715
6,508 shs Processa Pharmaceuticls Inc	26,744	44,094
1,668 shs Twist Bioscience Corp	62,380	235,672
5,739 shs Sunrun, Inc	79,875	398,172
655 shs Boxlight Corp	1,310	1,002
27 shs Snowflake Inc.	3,240	7,598
6,429 shs Cloudera Inc	53,924	89,427
914 shs Crowdstrike Holdings Inc.	57,979	193,603
2,500 shs Array Technologies Inc	74,414	107,850
3,597 shs Kubient Inc.	18,345	20,071
7,919 shs Livent Corp	70,780	149,194
90 shs Royalty Pharma PLC	2,520	4,505
2,275 shs Agnico Eagle Mines LTD	118,696	160,410
3,050 shs Seabridge Gold Inc	38,742	64,264
6,694 shs Wimi Hologram Cloud Inc - ADR	36,817	38,557

- TIN:

TY 2020 InvestmentsOtherSchedule2

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
780 shs Vanguard Short Term Cor	AT COST	63,410	64,935
25,000 Hasbro3% due 11/19/24	AT COST	26,402	27,070
25,000 Coach Inc 4.25% due 4/1/25	AT COST	24,561	26,821
25,000 Molson Coors Brewing Co	AT COST	26,238	27,254
15,000 Coach Inc 4.125% due 7/15/27	AT COST	14,983	16,195
25,000 Starbucks Corp 2.25% due 3/12/30	AT COST	26,399	26,464
40 shs American Tower Corp	AT COST	10,789	8,978

- TIN:

TY 2020 OtherExpensesSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Form PC filing fee	70	0	0	0
RBC Investment expenses	49	0	0	0
ADR Fees Schwab	229	0	0	0
Account Maintenance Fee	400	0	0	0

- TIN:

TY 2020 OtherIncomeSchedule2

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Nondividend distributions (Schwab)	103	103	103
Nondividend distributions (SSB)	566	566	566

- TIN:

TY 2020 OtherIncreasesSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Description	Amount
Adjustment to Book values	2,301

- TIN:

TY 2020 OtherProfessionalFeesSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Category	Amount	Net Investment Income
State Street Agency fees	4,943	4,943
Lowell Blake & Associates	8,153	8,153
Taylor, Ganson & Perrin, LLP, for Trust Administration for 2020	19,237	19,237
Essex Management	59,904	59,904

- TIN:

TY 2020 TaxesSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Foreign Taxes paid Charles Schwab	1,087	0	0	0
Foreign Taxes paid from State Street Bank	973	0	0	0
Foreign Taxes paid RBC Dain Rauscher	509	0	0	0