Form990-PF
Click to see list of attachments

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 Hyams Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)89 South Street 404
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02111
A Employer identification number

04-6013680
B Telephone number (see instructions)

(617) 426-5600
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$150,928,840J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 4,198 4,198  
4 Dividends and interest from securities... 798,205 798,205  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,750,634
b Gross sales price for all assets on line 6a 9,549,887
7 Capital gain net income (from Part IV, line 2)... 3,749,825
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 3,584,088 3,549,623  
12 Total. Add lines 1 through 11........ 8,137,125 8,101,851  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 367,374 55,106   292,118
14 Other employee salaries and wages...... 732,943 29,318   658,222
15 Pension plans, employee benefits....... 275,788 15,148   259,857
16a Legal fees (attach schedule)......... Click to see attachment 1,740     1,740
b Accounting fees (attach schedule)....... Click to see attachment 89,387 54,652   33,144
c Other professional fees (attach schedule).... Click to see attachment 1,112,684 935,968   187,566
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 37,322 540    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 200,510 8,020   191,687
21 Travel, conferences, and meetings....... 14,829 593   14,236
22 Printing and publications.......... 646 26   707
23 Other expenses (attach schedule)....... Click to see list of attachments 1,212,844 991,045   111,329
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,046,067 2,090,416   1,750,606
25 Contributions, gifts, grants paid....... 4,847,240 4,887,240
26 Total expenses and disbursements. Add lines 24 and 25 8,893,307 2,090,416   6,637,846
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -756,182
b Net investment income (if negative, enter -0-) 6,011,435
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............. 591,833 403,545 403,545
2 Savings and temporary cash investments......... 8,492,661 2,568,460 2,568,460
3 Accounts receivable bullet46,359
Less: allowance for doubtful accounts bullet   38,909 46,359 46,359
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.......... 35,421 53,064 53,064
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 34,512,719 Click to see attachment61,248,808 61,248,808
c Investments—corporate bonds (attach schedule)....... 20,852,038    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 71,286,220 Click to see attachment81,654,638 81,654,638
14 Land, buildings, and equipment: basis bullet253,888
Less: accumulated depreciation (attach schedule) bullet253,888      
15 Other assets (describe bullet) Click to see attachment4,425,657 Click to see attachment4,953,966 Click to see attachment4,953,966
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 140,235,458 150,928,840 150,928,840
Liabilities 17 Accounts payable and accrued expenses.......... 1,536 111,075
18 Grants payable................. 1,530,000 1,490,000
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 attachment371,873 Click to see attachment545,806
23 Total liabilities (add lines 17 through 22)......... 1,903,409 2,146,881
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........... 19,903,467 118,428,582
25 Net assets with donor restrictions............   113,427,642
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 138,332,049 148,781,959
30 Total liabilities and net assets/fund balances (see instructions). 140,235,458 150,928,840
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
138,332,049
2
Enter amount from Part I, line 27a .....................
2
-756,182
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
11,494,816
4
Add lines 1, 2, and 3 ..........................
4
149,070,683
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
288,724
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
148,781,959
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b Capital gain distributions      
c From Sch K-1 (Form 1065)      
d Security litigation proceeds      
e Endowment Private Equity Partners IV LP P 2010-01-01 2020-02-02
Fir Tree Intl Value Fund (USTE) LP P 2010-01-01 2020-02-02
Somerset Emerging Mkts Small Cap Fund LLC P 2010-01-01 2020-02-02
TA X, L.P. P 2010-01-01 2020-02-02
Thomas H. Lee Equity Fund VI LP P 2010-01-01 2020-02-02
(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 4,365,704   3,363,866 1,001,838
b 1,590,675     1,590,675
c 1,361,725     1,361,725
d 216     216
e 7,525   59,221 -51,696
148,140   94,939 53,201
1,966,168   2,118,050 -151,882
23,552     23,552
86,182   163,986 -77,804
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,001,838
b       1,590,675
c       1,361,725
d       216
e       -51,696
      53,201
      -151,882
      23,552
      -77,804
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 3,749,825
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 83,559
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  
3 Add lines 1 and 2........................... 3 83,559
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 83,559
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 12,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 145,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 157,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
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 73,441
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet73,441 RefundedBullet 11  
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$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
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. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.hyamsfoundation.org
    14
    The books are in care ofbulletMark Paley Telephone no.bullet (617) 426-5600

    Located atbullet89 South Street Suite 404BostonMA ZIP+4bullet02111
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Penn Loh Chair/Trustee
    5.00     		30,000    
    89 South Street Suite 404
    Boston,MA02111
    Lily Mendez-Morgan Co-Ch/A. Clk/Tr
    2.00     		20,000    
    89 South Street Suite 404
    Boston,MA02111
    Willma Davis Treasurer/Trust
    2.00     		20,000    
    89 South Street Suite 404
    Boston,MA02111
    Omar Simmons Asst Treas/Trus
    2.00     		16,000    
    89 South Street Suite 404
    Boston,MA02111
    Iris Gomez Clerk/Trustee
    2.00     		16,000    
    89 South Street Suite 404
    Boston,MA02111
    Julie Goodridge Clerk/Trustee
    2.00     		16,000    
    89 South Street Suite 404
    Boston,MA02111
    Lucas H Guerra Trustee
    2.00     		16,000    
    89 South Street Suite 404
    Boston,MA02111
    Rahsaan Hall Trustee
    2.00     		16,000    
    89 South Street Suite 404
    Boston,MA02111
    Karen L Mapp Trustee
    2.00     		20,000    
    89 South Street Suite 404
    Boston,MA02111
    Martella Wilson-Taylor Trustee
    2.00     		16,000    
    89 South Street Suite 404
    Boston,MA02111
    David Moy Interim ED
    40.00     		181,374 37,419  
    89 South Street Suite 404
    Boston,MA02111
    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
    Jocelyn Sargent Former ED
    40.00     		220,157 31,420  
    89 South Street Suite 404
    Boston,MA02111
    Mark Paley Dir of Adm/Fin
    40.00     		218,060 48,692  
    89 South Street Suite 404
    Boston,MA02111
    Nahir Torres Sr Prog Offic
    40.00     		113,453 20,689  
    89 South Street Suite 404
    Boston,MA02111
    Maria L Mulkeen Prog Officer
    40.00     		108,303 20,370  
    89 South Street Suite 404
    Boston,MA02111
    Sergio Marin Prog Officer
    40.00     		102,901 19,663  
    89 South Street Suite 404
    Boston,MA02111
    Total number of other employees paid over $50,000...................bullet 1
    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
    Cambridge Associates Investment consulting 252,239
    125 High Street
    Boston,MA02110
    Iridian Private Business Value Equity Fund LP Investment management 52,420
    276 Post Road West
    Westport,CT06880
    Isaacson Miller Inc Executive search 86,948
    1300 19th St NW
    Washington,DC20036
    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 During 2020, the board of trustees voted to invest $500,000 with the Boston Impact Initiative as a program-related investment. The Boston Impact Initiative uses investor funds to focus on economic justice, investing in opportunity for all peopleespecially those most oppressed or abandoned by the current economic systemto lead a dignified and productive life. 500,000
    2 During 2020, the board of trustees voted to invest $100,000 with the the Center for Economic Democracy's Ujima Fund as a program-related investment. The Ujima Fund is a democratic investment vehicle raising capital to finance small businesses, real estate and infrastructure projects in Bostons working-class Black, Indigenous, and other communities of color, as part of the larger Boston Ujima Project. Ujima, named for the Swahili word for collective work and responsibility, uses a participatory budgeting process in combination with traditional underwriting to put economic development decisions in the hands of community members. 100,000
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet600,000
    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
    96,004,473
    b
    Average of monthly cash balances.......................
    1b
    5,105,539
    c
    Fair market value of all other assets (see instructions)................
    1c
    30,287,677
    d
    Total (add lines 1a, b, and c).........................
    1d
    131,397,689
    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
     
    3
    Subtract line 2 from line 1d.........................
    3
    131,397,689
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,970,965
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    129,426,724
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    6,471,336
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    6,471,336
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    83,559
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    83,559
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,387,777
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    3,000
    5
    Add lines 3 and 4............................
    5
    6,390,777
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    6,390,777
    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
    6,637,846
    b
    Program-related investments—total from Part IX-B..................
    1b
    600,000
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    7,237,846
    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
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    7,237,846
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 6,390,777
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 100,780
    b From 2016...... 340,413
    c From 2017...... 547,732
    d From 2018...... 284,922
    e From 2019...... 1,001,588
    fTotal of lines 3a through e........ 2,275,435
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 7,237,846
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 6,390,777
    e Remaining amount distributed out of corpus 847,069
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,122,504
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    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......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		100,780
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		3,021,724
    10 Analysis of line 9:
    a Excess from 2016.... 340,413
    b Excess from 2017.... 547,732
    c Excess from 2018.... 284,922
    d Excess from 2019.... 1,001,588
    e Excess from 2020.... 847,069
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Lisa Owens Executive Director
    89 South Street Suite 404
    Boston,MA02111
    (617) 426-5600
    rpankam@hyamsfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    See https://hyamsfoundation.org/how-to-apply/ for information regarding grant applications.
    cAny submission deadlines:
    There are no deadlines.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    The Hyams Foundation provides general operating and program support to non-profit organizations that work to increase economic, racial and social justice and power within low-income communities and communities of color in Boston and Chelsea. Only organizations with a 501(c)3 tax-exempt status from the IRS or a fiscal sponsor that is not a private foundation are eligible for funding.? The Foundation prioritizes support to frontline constituent-led organizations and coalitions that are using leadership development and base-building strategies that focus on addressing root causes of problems they face and have a commitment to movement building. If the applicants strategies focus on advocacy or capacity building absent direct base building, funding criteria will be applied to the extent the applicant demonstrates partnership, and efforts to align with, base building organizations that meet the criteria. The Foundation will consider organizations based outside of Boston or Chelsea if their
    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
    African Community Economic Dev of N
    48 John Eliot Square
    Boston,MA02119     		N/A PC Youth Ubuntu 35,000
    Alternatives for Community Environm
    2201 Washington St
    Roxbury,MA02119     		N/A PC General support 50,000
    American Civil Liberties Union Fdn
    211 Congress St
    Boston,MA02110     		N/A PC What a Difference a Day Makes 40,000
    Asian AmerPacific Islanders in Phil
    1714 Franklin Street
    Oakland,CA94612     		N/A PC General support 5,000
    Asian American Resource Workshop
    42 Charles St Ste A
    Dorchester,MA02122     		N/A PC Dorchester Not for Sale project and general support 70,000
    Asian Community Development Corpora
    38 Oak Street
    Boston,MA02111     		N/A PC Asian Community Emergency Relief 25,000
    Association of Black Foundation Exe
    42 Broadway f20
    New York,NY10004     		N/A PC General support 2,500
    AYNI Institute
    19 Meridian Street
    Boston,MA02128     		N/A PC Neighbors United for a Better East Boston 30,000
    Bend the Arc A Jewish Ptrsh for Jus
    330 Seventh Avenue 19th flr
    New York,NY10502     		N/A PC Funders' Collaborative on Youth Organizing 50,000
    Bikes Not Bombs Inc
    284 Amory St
    Jamaica Plain,MA02130     		N/A PC Bicyclists Organizing for Community Change 15,000
    Black Economic Council of Massachus
    1 Beacon Street
    Boston,MA02108     		N/A PC Black Mass Coalition 25,000
    Black Economic Justice Institute
    64 Starbird Ave
    Roslindale,MA02131     		N/A PC General support 40,000
    Boston Affordable Housing Coalition
    42 Seaverns Ave
    Jamaica Plain,MA02130     		N/A PC General support 35,000
    Boston Alliance of Gay and Lesbian
    28 Court Square
    Boston,MA02108     		N/A PC Mass Transgender Protection Coalition Strategic Planning and general support 45,000
    Boston Impact Initiative Fund
    PO Box 300443
    Jamaica Plain,MA02130     		N/A PC Loan grantee fund and general support 100,000
    Boston Neighborhood Community Land
    550 Dudley Street
    Roxbury,MA02119     		N/A PC Community Controlled Housing 30,000
    Boston Private Industry Council
    2 Oliver St
    Boston,MA02109     		N/A PC Youth Transitions Task Force 65,000
    Boston Tenant Coalition Inc
    11 Beacon Street
    Boston,MA02108     		N/A PC General support 50,000
    Brazilian Women's Group
    697 Cambridge St Suite 106
    Brighton,MA02135     		N/A PC General support 35,000
    Brazilian Worker Center Inc
    14 Harvard Ave
    Allston,MA02134     		N/A PC Education project and general support 75,000
    CAIR-MA Inc
    123 South Street
    Boston,MA02111     		N/A PC General support 30,000
    Center for Economic Democracy
    434 Massachusetts Avenue
    Boston,MA02118     		N/A PC Boston Ujima, Centro Cooperativo de Desarrollo y Solidaridad, ProjectMass Redistribution Fund, and general support 200,000
    Center for Labor Education and Rese
    375 Centre Street
    Boston,MA02130     		N/A PC SIM project, UndocuFund for COVID-19 relief, and general support 140,000
    Center for Study of Public Policy I
    44 Foskett Street
    Somerville,MA02144     		N/A PC Boston Jobs Coalition 40,000
    Centro Presente Inc
    12 Bennington St 202
    East Boston,MA02128     		N/A PC General support 50,000
    Chinatown Community Land Trust Inc
    28 Ash Street
    Boston,MA02111     		N/A PC General support 40,000
    Chinese Progressive Association
    28 Ash Street
    Boston,MA02111     		N/A PC COVID-19 rapid response and general support 80,000
    Citizens for Juvenile Justice
    44 School Street Suite 400
    Boston,MA02108     		N/A PC General support 60,000
    CommonWealth Kitchen
    196 Quincy St
    Dorchester,MA02121     		N/A PC General support 50,000
    Community Labor United Inc
    8 Beacon St
    Boston,MA02108     		N/A PC NE United for Justice, COVID-19 Response Alliance for a Just Recovery and Beyond, and general support 151,500
    Confluence Philanthropy Inc
    1 Penn Plaza
    New York,NY10119     		N/A PC General support 5,000
    Congregacin Len de Jud
    20 Reed St
    Boston,MA02118     		N/A PC General support 40,000
    Cooperative Fund of New England
    589 North Farms Rd
    Northampton,MA01062     		N/A PC Dorchester Food Co-op 25,000
    Dudley Street Neighborhood Initiati
    504 Dudley St
    Roxbury,MA02119     		N/A PC General support 60,000
    Educators 4 Excellence
    80 Pine Street Floor 28
    New York,NY10018     		N/A PC Educators for Excellence Boston 30,000
    Episcopal City Mission
    138 Tremont Street
    Boston,MA02111     		N/A PC Black and Indigenous Resistance Fund and Soul of the Movement 75,000
    Families for Justice as Healing
    100R Warren Street
    Roxbury,MA02119     		N/A PC Families for Justice as Healing Transformative Justice 5,000
    Fenway Community Development Corpor
    70 Burbank Street
    BOSTON,MA02115     		N/A PC Countering Displacement and Gentrification Project 35,000
    Foundation Financial Officers Group
    19 Mantua Rd
    Mt Royal,NJ08061     		N/A PC General support 1,550
    Fourth Presbyterian Church
    340 Dorchester St
    South Boston,MA02127     		N/A PC General support 25,000
    Friends of St Stephen's Youth Progr
    149 Shawmut Avenue
    Boston,MA02118     		N/A PC St. Stephen's Collaborative Organizing Project 40,000
    Grantmakers Concerned with Immigran
    PO Box 2178
    Petaluma,CA94953     		N/A PC General support 2,500
    Grantmakers for Effective Organizat
    1310 L Street NW
    Washington,DC20005     		N/A PC General support 42,090
    Greater Boston Interfaith Organizat
    1803 Dorchester Avenue
    Dorchester,MA02124     		N/A PC General support 60,000
    GreenRoots
    227 Marginal Street
    Chelsea,MA02150     		N/A PC COVID-19 rapid response and general support 60,000
    Haymarket Peoples Fund
    42 Seaverns Ave
    Jamaica Plain,MA02130     		N/A PC 2021 Joint Convenings 20,000
    Health Resources in Action
    95 Berkeley St 2nd Fl
    Boston,MA02116     		N/A PC Collaborative Parent Leadership Action Network 35,000
    Hyde Square Task Force Inc
    30 Sunnyside Street
    Boston,MA02130     		N/A PC General support 50,000
    Immigrant Family Services Institute
    1626 Blue Hill Avenue
    Mattapan,MA02126     		N/A PC General support 30,000
    Justice At Work
    33 Harrison Avenue
    Boston,MA02111     		N/A PC General support 45,000
    La Colaborativa Chelsea Collaborati
    318 Broadway
    Chelsea,MA02150     		N/A PC COVID-19 rapid response and general support 90,000
    Lawyers for Civil Rights
    61 Batterymarch Street
    Boston,MA02110     		N/A PC General support 50,000
    MA Coalition For Occu Safety and He
    1532B Dorchester Avenue
    Dorchester,MA02122     		N/A PC General support 65,000
    MA Immigrant and Refugee Adv Coalit
    105 Chauncy Street
    Boston,MA02111     		N/A PC COVID-19 rapid response and general support 76,000
    Mass Mentoring Partnership Inc
    75 Kneeland St
    Boston,MA02111     		N/A PC General support 30,000
    Mass Senior Action Council Inc
    108 Myrtle Street
    Quincy,MA02171     		N/A PC General support 60,000
    Massachusetts Advocates for Childre
    25 Kingston Street
    Boston,MA02111     		N/A PC General support 90,000
    Massachusetts Affordable Housing
    1803 Dorchester Avenue
    Dorchester,MA02124     		N/A PC General support 30,000
    Massachusetts Budget Policy Center
    1 State Street Suite 1250
    Boston,MA02109     		N/A PC General support 65,000
    Massachusetts Communities Action Ne
    14 Cushing Avenue
    Boston,MA02125     		N/A PC General support 60,000
    Massachusetts Law Reform Institute
    40 Court Street
    Boston,MA02108     		N/A PC Housing Justice Through Community Empowerment, Engagement, and Eviction Defense 50,000
    Massachusetts Legal Assistance Corp
    18 Tremont St
    Boston,MA02108     		N/A PC COVID-19 rapid response and the Greater Boston Immigrant Defense Fund 115,000
    Massachusetts Nonprofit Network
    2 Atlantic Avenue
    Boston,MA02110     		N/A PC General support 350
    Massachusetts Voter Education Netwo
    41 West Street
    Boston,MA02121     		N/A PC Deepening Democracy for a Just Recovery Project and general support 150,000
    Mission Investors Exchange
    105 W 86th St
    New York,NY10024     		N/A PC General support 3,000
    Momentum Community
    5482 Wilshire Blvd 115
    Los Angeles,CA90016     		N/A PC Leadership development 5,000
    Movement Strategy Center
    436 14th Street Suite 500
    Oakland,CA94612     		N/A PC Justice Funder Network and general support 30,000
    Muslim Justice League
    1 Lincoln Street 8th Floor
    Boston,MA02111     		N/A PC General support 30,000
    National Committee For Responsive P
    1900 L Street NW
    Washington,DC20036     		N/A PC General support 28,000
    Neighbor to Neighbor MA Ed Fund Inc
    15 Court Square
    Boston,MA02108     		N/A PC General support 50,000
    Neighborhood Funders Group Inc
    300 Frank H Ogawa Plaza
    Oakland,CA94612     		N/A PC General support 1,250
    NEO Philanthropy
    45 W 36th St 6th floor
    New York,NY10018     		N/A PC Funders Committee for Civic Participation 3,000
    New Venture Fund
    1201 Connecticut Ave NW Suite 300
    Washington,DC20036     		N/A PC Communities for Just Schools Fund 55,000
    PEAK Grantmaking
    1701 Pennsylvania Avenue NW
    Washington,DC20006     		N/A PC General support 2,000
    Philanthropy Massachusetts
    133 Federal Street Suite 802
    Boston,MA02110     		N/A PC Census Equity Fund, Drawing Democracy, and general support 117,500
    Political Research Associates
    1310 Broadway 201
    Somerville,MA02144     		N/A PC General support 50,000
    Project RIGHT Inc
    320A Blue Hill Avenue
    Dorchester,MA02121     		N/A PC General support 35,000
    Proteus Fund
    15 Research Drive
    Amherst,MA01002     		N/A PC RISE Together Fund 25,000
    Resist Inc
    42 Seaverns Ave
    Boston,MA02130     		N/A PC Boston Education Justice Alliance 40,000
    Right to the City Alliance-V
    388 Atlantic Avenue
    Brooklyn,NY11217     		N/A PC Right to the City Boston 50,000
    Schott Foundation for Public Educat
    1250 Hancock St
    Quincy,MA02169     		N/A PC Massachusetts Gateway City Strategy for Education Justice 50,000
    Sociedad Latina Inc
    1530 Tremont Street
    Boston,MA02120     		N/A PC Greater Boston Latino Network Project's Covid-19 Rapid Response and general support 45,000
    The Boston Charitable Trust
    Boston City Hall No M-5
    Boston,MA02201     		N/A PC Boston Resiliency Fund 25,000
    The Boston Foundation
    75 Arlington Street
    Boston,MA02116     		N/A PC Business Equity COVID-19 Emergency Fund and Home Funders Project 50,000
    The Center for Teen Empowerment Inc
    384 Warren St
    Boston,MA02118     		N/A PC General support 50,000
    The City School Inc
    614 Columbia Rd Ste 1C
    Dorchester,MA02125     		N/A PC Keep it 100, Unnamed Youth Collaborative, and general support 165,000
    Transgender Emergency Fund of Mass
    1062 Hyde Park Ave
    Hyde park,MA02136     		N/A PC COVID-19 rapid response 1,000
    TSNE MissionWorks
    89 South Street
    Boston,MA02111     		N/A PC Design Studio for Social Intervention, Matahari Women Worker's Center, COVID-19 rapid response, Immigrant Organizing CSIO, EDs of Color Capacity Support Pilot Project, and general support 341,000
    Union of Minority Neighborhoods
    42 Seaverns Avenue
    Jamaica Plain,MA02130     		N/A PC General support 25,000
    United Teen Equality Center Inc
    15 Warren St No3
    Lowell,MA01852     		N/A PC Formerly Teens Leading the Way now general support 75,000
    United Way of Mass Bay Inc
    51 Sleeper Street
    Boston,MA02210     		N/A PC One Chelsea Fund and general support 50,000
    Urban Revival Inc
    284 Amory Street
    Jamaica Plain,MA02130     		N/A PC Grant leadership transition and general support 84,000
    Vietnamese American Initiative for
    42 Charles Street
    Dorchester,MA02122     		N/A PC Nail Salon 35,000
    Violence in Boston
    6 Fenno Street
    Roxbury,MA02119     		N/A PC Social Impact Center 5,000
    Youth Policy Institute of Iowa
    6200 Aurora Avenue
    Urbandale,IA50322     		N/A PC 2020 Youth Transition Funders Group and Economic Well Being Work Group 5,000
    YouthBuild USA
    1785 Columbus Ave Suite 500
    Somerville,MA02144     		N/A PC Youth on Board andd Boston Student Advisory Council 75,000
    Total .................................bullet 3a 4,887,240
    bApproved for future payment
    Total .................................bullet 3b  
    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
    aInterest from PRI/MRIs         49,577
    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 4,198  
    4 Dividends and interest from securities....     14 798,205  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		525990 809 18 3,749,825  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aAlternative investment dividends     		    14 492,691  
    bPartnership income 525990 12,002 14 3,029,818  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 12,811 8,074,737 49,577
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    8,137,125
    (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.)
    1a Interest earned from loans to low-income housing development projects and other program related investments which further the Foundation's mission of increasing economic, racial and social justice and power within low-income communities in Boston and Chelsea, Massachusetts.
    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: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting services 37,283 24,234 0 12,958
    Audit services 39,104 25,418 0 13,686
    Tax compliance 13,000 5,000 0 6,500

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Name of Stock End of Year Book Value End of Year Fair Market Value
    310 3M Co 54,185 54,185
    215 Adobe Inc 107,526 107,526
    250 Advance Auto Parts Inc 39,378 39,378
    640 Agilent Technologies Inc 75,834 75,834
    228 Alexandria Real Estate Equities Inc 40,634 40,634
    120 Alphabet Inc Cl C 210,226 210,226
    255 American Water Works Co Inc 39,135 39,135
    200 Amgen Inc 45,984 45,984
    325 Analog Devices Inc 48,012 48,012
    240 Aon Plc 50,705 50,705
    2,400 Apple Inc 318,456 318,456
    615 Applied Materials Inc 53,075 53,075
    375 Aptar Group Inc 51,334 51,334
    45,811 Ariel Fund Inst Cl 3,098,682 3,098,682
    765 Avangrid Inc 34,769 34,769
    205 Biogen Inc 50,196 50,196
    23 Booking Holdings Inc 51,227 51,227
    107,344 Brown Cap Mgmt Intl Small Co Fd 2,784,502 2,784,502
    265 Carlisle Cos Inc 41,388 41,388
    1,550 Carrier Global Corporation Com 58,466 58,466
    236,744 CCM Qualified Investment Fd Inst 2,563,941 2,563,941
    845 Cerner Corporation 66,316 66,316
    1,520 Ciena Corp 80,332 80,332
    1,725 Citigroup Inc 106,364 106,364
    235 CME Group Inc 42,782 42,782
    475 Colgate Palmolive Co 40,617 40,617
    355 Cummins Inc 80,621 80,621
    325 Danaher Corp 72,196 72,196
    250,018 Doubleline Total Return Bond Fd 2,675,196 2,675,196
    227 Ecolab Inc 49,114 49,114
    770 Emerson Electric Co 61,885 61,885
    1,155 First Solar Inc 114,253 114,253
    445,753 Frontier Mfg Global Equity Fund 9,231,539 9,231,539
    955 Gilead Sciences Inc 55,638 55,638
    1,910 Hannon Armstrong Sustainable 121,151 121,151
    295 Home Depot Inc 78,358 78,358
    265 Intuit Inc 100,660 100,660
    240 Kansas City Southern 48,991 48,991
    410 Kimberly Clark Corp 55,280 55,280
    193 Lauder Estee Cos Inc Cl A 51,375 51,375
    1,135 Merck Co Inc 92,843 92,843
    1,300 Micron Technology Inc 97,734 97,734
    1,494 Microsoft Corp 332,295 332,295
    605 Mohawk Inds Inc 85,275 85,275
    1,105 Mondelez International W I 64,609 64,609
    1,635 Morgan Stanley 112,047 112,047
    107 Netflix Inc 57,858 57,858
    985 New York Times Co 50,993 50,993
    710 Novo Nordisk A/S ADR 49,594 49,594
    465 PNC Financial Services Group Inc 69,285 69,285
    431 Procter & Gamble Co 59,969 59,969
    465 PVH Corp 43,659 43,659
    105 Regeneron Pharmaceuticals Inc 50,727 50,727
    200 Salesforce Inc 44,506 44,506
    415 T Rowe Price Group Inc 62,827 62,827
    500 Target Corp 88,265 88,265
    430 The Walt Disney Co 77,907 77,907
    755 TJX Companies Inc 51,559 51,559
    288 TopBuild Corp 53,015 53,015
    1,477 Vanguard Balanced Index Fund Adm 65,485 65,485
    12,745 Vanguard Growth Index Fund Adm 1,662,708 1,662,708
    54,467 Vanguard Infl-Protect Sec Adm 1,542,506 1,542,506
    39,416 Vanguard Inst Index Fund Inst 13,065,283 13,065,283
    896,029 Vanguard Inter-Term Inv-Gr Adm 9,381,428 9,381,428
    905,928 Vanguard Inter-Term Treasury Adm 10,599,357 10,599,357
    2,021 Verizon Communications Inc 118,734 118,734
    825 Visa Inc Class A Shares 180,452 180,452
    235 VMware Inc Cl A 32,961 32,961
    753 Wabtec Corp 55,120 55,120
    200 Waters Corp 49,484 49,484

    TY 2020 InvestmentsOtherSchedule2
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    57 Stars Global Opp Fd 3 Blocker (CJ) LP FMV 1,146,577 1,146,577
    AACP Tax Exempt Investors II LP FMV 761,735 761,735
    AACP Tax-Exempt Investors III LP FMV 704,005 704,005
    AACP Tax-Exempt Investors V LP FMV 574,336 574,336
    Asia Alternatives Delaware III LP FMV 29,065 29,065
    Asia Alternatives Delaware V LP FMV 55,595 55,595
    Auldbrass Partners Sec Opp Fund II LP FMV 830,352 830,352
    Avanath Affordable Housing IV LLC FMV 398,330 398,330
    Axiom International Equity Fund II FMV 7,957,695 7,957,695
    Brightwood Capital Fund IV-U LP FMV 1,896,161 1,896,161
    CA Resources Fund LP - Series Bain X FMV 156,980 156,980
    Commonfund Capital Intrl Partners VI LP FMV 193,511 193,511
    Commonfund Capital Nat Res Ptrs IX LP FMV 679,776 679,776
    Commonfund Cap Nat Res Partners VII LP FMV 101,081 101,081
    Commonfund Capital Venture Partners VI L FMV 80,812 80,812
    Commonfund Cap Venture Partners VII LP FMV 205,334 205,334
    Commonfund Capital Venture Ptrs VIII LP FMV 630,960 630,960
    Doddington Global Fund LLC FMV 5,115,286 5,115,286
    Dover Street IX Cayman Fund LP FMV 871,300 871,300
    Dover Street VIII Cayman Fund LP FMV 195,383 195,383
    Endowment Venture Partners V LP FMV 32,099 32,099
    Fir Tree Intnl Value Fund (USTE) LP FMV 2,867 2,867
    Genesis Emerging Markets L P FMV 8,102,821 8,102,821
    Grain Communications Opportunity Fund II FMV 1,328,324 1,328,324
    Iridian Private Business Val Eqty Fd LP FMV 6,593,082 6,593,082
    Japan Chickadee Fund Ltd FMV 1,567,392 1,567,392
    Kabouter International Opp Fund II LLC FMV 5,200,597 5,200,597
    Knighthead Offshore Fund Ltd FMV 153,835 153,835
    LCP VII (Offshore) LP FMV 298,281 298,281
    Legacy Venture V (QP) LLC FMV 2,221,211 2,221,211
    Legacy Venture VI (QP) LLC FMV 2,677,029 2,677,029
    Metropolitan RE Partners Global II LP FMV 69,662 69,662
    Metropolitan RE Partners Global IV LP FMV 135,348 135,348
    Metropolitan RE Ptrs International II LP FMV 49,203 49,203
    Metropolitan Real Estate Partners IV-A L FMV 207,659 207,659
    Park Street Cap Natural Res Fd II AIV LP FMV 12,594 12,594
    Park Street Cap Natural Res Fund II LP FMV 43,523 43,523
    Park Street Cap Nat Res Fd III AIV LP FMV 6,387 6,387
    Park Street Cap Natural Res Fund III LP FMV 374,228 374,228
    Park Street Cap Natural Res Fund IV LP FMV 162,677 162,677
    Park Street Cap Natural Res Fund V LP FMV 503,922 503,922
    Park Street Cap Private Equity Fd IX LP FMV 578,202 578,202
    Park Street Cap Private Equity Fund V LP FMV 14,067 14,067
    Park Street Cap Private Equity Fd VI LP FMV 20,732 20,732
    Park Street Cap Private Equity Fd VII LP FMV 99,680 99,680
    Park Street Cap Pvt Equity Fund VIII LP FMV 427,495 427,495
    Park Street Cap Private Equity Fund X LP FMV 1,444,460 1,444,460
    Pennant Windward Fund Ltd FMV 297,517 297,517
    Preserver LP FMV 3,247,713 3,247,713
    PSC Luxembourg Holdings LLC FMV 1,619 1,619
    Siguler Guff Distressed Opp Fund III LP FMV 185,974 185,974
    Siguler Guff Distressed Opp Fund IV LP FMV 334,328 334,328
    SJF Ventures IV LP FMV 1,058,627 1,058,627
    The Overlook Partners Fund LP FMV 6,227,479 6,227,479
    The Sanderson International Value Fund FMV 5,311,315 5,311,315
    TrueBridge-Kauffman Fellows En Fd III LP FMV 2,191,655 2,191,655
    TrueBridge-Kauffman Fellows En Fd IV LP FMV 2,244,287 2,244,287
    Varadero International Ltd FMV 3,072,032 3,072,032
    Wellington Trust Co NA CTF Strategic RAP FMV 2,570,441 2,570,441

    TY 2020 LandEtcSchedule2
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Machinery and Equipment 228,097 228,097    
    Improvements 25,791 25,791    


    TY 2020 LegalFeesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General governance and counsel 1,740 0 0 1,740


    TY 2020 OtherDecreasesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    Change in deferred tax liability 285,724
    Recovery of prior year qualifying distribution 3,000


    TY 2020 OtherExpensesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank and credit card fees 3,925 157   3,768
    Computer maintenance 11,513 461   10,621
    Financial management software 17,774 17,774    
    Grant management software 84,031     68,961
    Insurance 4,542 182   4,360
    Internet 2,184 87   2,097
    Office expense 9,224 369   8,160
    Partnership expenses 1,065,790 971,461    
    Payroll fees 3,608 144   3,463
    Postage & delivery fees 1,005 40   934
    Supplies 2,129 85   2,130
    Telephone 6,019 241   5,779
    Web design & maintenance 1,100 44   1,056


    TY 2020 OtherIncomeSchedule2
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Alternative investment dividends 492,691 492,691  
    Interest from PRI/MRIs 49,577 49,577  
    Partnership income 3,041,820 3,007,355  


    TY 2020 OtherIncreasesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Amount
    Audited financial statement prior period adjustment 119,864
    Unrealized appreciation in value of investments 11,374,952


    TY 2020 OtherLiabilitiesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value
    Cumulative deferred excise tax 371,873 545,806


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment and custodial fees 937,448 935,968 0 0
    Philanthropic consulting 175,236 0 0 187,566


    TY 2020 TaxesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise tax 36,782      
    Foreign tax 540 540