Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
SHIPPY FOUNDATION
C/O THE CLARK ESTATES INC
Number and street (or P.O. box number if mail is not delivered to street address)ONE ROCKEFELLER PLAZA 31ST FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10020
A Employer identification number

20-4083744
B Telephone number (see instructions)

(212) 977-6900
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$38,805,054J 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) 800,000
2 Check bullet.............
3 Interest on savings and temporary cash investments 19,360 19,360  
4 Dividends and interest from securities... 15,906 556,339  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 115,144
b Gross sales price for all assets on line 6a 2,511,663
7 Capital gain net income (from Part IV, line 2)... 613,101
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 1,240,209 -55,603  
12 Total. Add lines 1 through 11........ 2,190,619 1,133,197  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 71,275 0   71,275
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 584 584   0
17 Interest...............   32,900    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 82,095 65,671   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 306,633 253,128   66,480
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 460,587 352,283   137,755
25 Contributions, gifts, grants paid....... 3,034,033 3,039,995
26 Total expenses and disbursements. Add lines 24 and 25 3,494,620 352,283   3,177,750
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,304,001
b Net investment income (if negative, enter -0-) 780,914
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,029,751 3,102,774 3,102,774
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,499,962 0 0
b Investments—corporate stock (attach schedule)....... 13,252,175 Click to see attachment12,031,610 16,014,654
c Investments—corporate bonds (attach schedule)....... 2,362,912 Click to see attachment2,807,204 2,716,806
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 13,731,148 Click to see attachment13,630,359 16,970,820
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,875,948 31,571,947 38,805,054
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 32,875,948 31,571,947
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 32,875,948 31,571,947
30 Total liabilities and net assets/fund balances (see instructions). 32,875,948 31,571,947
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
32,875,948
2
Enter amount from Part I, line 27a .....................
2
-1,304,001
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
31,571,947
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
31,571,947
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 500000 T 1.375 2/29/20   2020-02-03 2020-02-29
b 1000000 T 1.50 4/15/20   2019-12-11 2020-04-15
c 500000 T 2.00 1/31/20   2019-08-01 2020-01-31
d 821 VERIZON COMM   2014-02-24 2020-08-18
e 2300 VERIZON COMM   2014-03-17 2020-08-18
400 VERIZON COMM   2014-03-24 2020-08-18
2500 VERIZON COMM   2014-04-24 2020-08-18
2600 VERIZON COMM   2017-05-17 2020-08-18
GENERATION IM GLOBAL EQUITY FD P    
GENERATION IM GLOBAL EQUITY FD P    
CLARK BP LLC P    
CLARK BP LLC P    
CBPS LLC P    
CBPS LLC P    
CLARK FUND LLC P    
CLARK FUND LLC P    
CLARK FOCUS LLC P    
CLARK FOCUS LLC P    
CLARK FOCUS II LLC P    
CLARK FOCUS II LLC P    
CWS LLC P    
FEDERAL PARTNERS LP P    
FEDERAL PARTNERS LP P    
CLARK PARTNERS I LP P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 500,000   500,000 0
b 1,000,000   1,000,000 0
c 500,000   500,000 0
d 48,727   38,603 10,124
e 136,507   106,698 29,809
23,740   18,612 5,128
148,377   116,362 32,015
154,312   116,244 38,068
      221,882
      768,620
      -95,923
      -158,380
      -19,235
      -13,860
      -215,430
      -3,161
      -213,701
      -23,251
      -48,985
      188,941
      -7,546
      -35,248
      139,623
      13,611
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       0
b       0
c       0
d       10,124
e       29,809
      5,128
      32,015
      38,068
      221,882
      768,620
      -95,923
      -158,380
      -19,235
      -13,860
      -215,430
      -3,161
      -213,701
      -23,251
      -48,985
      188,941
      -7,546
      -35,248
      139,623
      13,611
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 2 613,101
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 10,855
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 10,855
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 10,855
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 28,794
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 28,794
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 17,939
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet17,939 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletDE
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletANTHONY J FASANO Telephone no.bullet (212) 977-6900

    Located atbulletONE ROCKEFELLER PLAZA 31ST FLOORNEW YORKNY ZIP+4bullet10020
    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
    ANNE L PERETZ PRESIDENT/DIRECTOR
    1.00     		0 0 0
    ONE ROCKEFELLER PLAZA 31ST FLOOR
    NEW YORK,NY10020
    DAVID L FARNSWORTH CHAIRMAN/DIRECTOR
    20.00     		71,275 39,046 0
    ONE ROCKEFELLER PLAZA 31ST FLOOR
    NEW YORK,NY10020
    ANNE E FARNSWORTH VICE PRESIDENT/DIRECTOR
    1.00     		0 0 0
    ONE ROCKEFELLER PLAZA 31ST FLOOR
    NEW YORK,NY10020
    JESSE W PERETZ VICE PRES/TREASURER/DIRECT
    1.00     		0 0 0
    ONE ROCKEFELLER PLAZA 31ST FLOOR
    NEW YORK,NY10020
    EVGENIA S PERETZ VICE PRES,SECRETARY/DIRECT
    1.00     		0 0 0
    ONE ROCKEFELLER PLAZA 31ST FLOOR
    NEW YORK,NY10020
    RICHARD C VANISON ASST. TREASURER
    1.00     		0 0 0
    ONE ROCKEFELLER PLAZA 31ST FLOOR
    NEW YORK,NY10020
    WILLIAM T BURDICK ASST. SECRETARY
    1.00     		0 0 0
    ONE ROCKEFELLER PLAZA 31ST FLOOR
    NEW YORK,NY10020
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    THE CLARK ESTATES INC INVESTMENT ADVISORY 265,700
    ONE ROCKEFELLER PLAZA
    NEW YORK,NY10020
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    31,072,104
    b
    Average of monthly cash balances.......................
    1b
    2,317,757
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    33,389,861
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    33,389,861
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) Click to see attachment.............................
    4
    2,000,000
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    31,389,861
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    1,569,493
    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
    1,569,493
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    10,855
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
    3,805
    c
    Add lines 2a and 2b............................
    2c
    14,660
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    1,554,833
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    1,554,833
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    1,554,833
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,177,750
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,177,750
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,177,750
    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 1,554,833
    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...... 127,146
    b From 2016...... 38,309
    c From 2017...... 104,537
    d From 2018...... 201,648
    e From 2019...... 123,807
    fTotal of lines 3a through e........ 595,447
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,177,750
    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..... 1,554,833
    e Remaining amount distributed out of corpus 1,622,917
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,218,364
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		127,146
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		2,091,218
    10 Analysis of line 9:
    a Excess from 2016.... 38,309
    b Excess from 2017.... 104,537
    c Excess from 2018.... 201,648
    d Excess from 2019.... 123,807
    e Excess from 2020.... 1,622,917
    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 email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AIDS SUPPORT GROUP CAPE COD
    148A COMMERCIAL STREET
    PROVINCETOWN,MA02657     		NONE PC GENERAL SUPPORT 5,000
    ALLIANCE FOR QUALITY EDUCATION
    94 CENTRAL AVENUE
    ALBANY,NY12206     		NONE PC GENERAL SUPPORT 4,000
    ARLINGTON BOYS AND GIRLS CLUB
    60 POND LANE
    ARLINGTON,MA02474     		NONE PC GENERAL SUPPORT 2,000
    BOSTON ARTS ACADEMY
    11 CHARLES STREET
    DORCHESTER,MA02122     		NONE PC GENERAL SUPPORT 25,000
    BOSTON COLLEGIATE CHARTER SCHOOL FOUNDATION
    215 SYDNEY STREET
    DORCHESTER,MA02125     		NONE PC GENERAL SUPPORT 60,000
    BOSTON DEBATE LEAGUE
    1542 TREMONT STREET
    BOSTON,MA02120     		NONE PC GENERAL SUPPORT 60,000
    BOSTON EDUCATION DEVELOPMENT FOUNDATION INC
    7 PALMER STREET 2ND FLOOR
    BOSTON,MA02119     		NONE PC ORCHARD GARDENS K-8 PILOT SCHOOL 65,073
    BOSTON PREPARATORY CHARTER PUBLIC SCHOOL
    885 RIVER STREET
    HYDE PARK,MA02136     		NONE PC GENERAL SUPPORT 50,000
    BOTTOM LINE
    500 AMORY STREET
    JAMAICA PLAIN,MA02130     		NONE PC GENERAL SUPPORT 50,000
    BOWERY MISSION IN NYC
    355 LEXINGTON AVENUE FLOOR 19
    NEW YORK,NY10017     		NONE SO I GENERAL SUPPORT 45,000
    BREAKTHROUGH NEW YORK INC
    123 WILLIAM STREET 4TH FLOOR
    NEW YORK,NY10038     		NONE PC GENERAL SUPPORT 25,000
    BRONX COMMUNITY CHARTER SCHOOL
    3170 WEBSTER AVENUE
    BRONX,NY10467     		NONE PC GENERAL SUPPORT 35,000
    BUILD BOSTON
    711 ATLANTIC AVENUE 6TH FLOOR
    BOSTON,MA02111     		NONE PC GENERAL SUPPORT 25,000
    CITY HARVEST
    6 EAST 32ND STREET 5TH FLOOR
    NEW YORK,NY10016     		NONE PC GENERAL SUPPORT 275,000
    CITY SQUASH INC
    602 E 187TH STREET 204
    BRONX,NY10458     		NONE PC GENERAL SUPPORT 25,000
    CITYMEALS ON WHEELS
    355 LEXINGTON AVENUE
    NEW YORK,NY10017     		NONE PC GENERAL SUPPORT 100,000
    COMMONWEALTH SCHOOL INC
    151 COMMONWEALTH AVENUE
    BOSTON,MA02116     		NONE PC GENERAL SUPPORT 1,000
    COMMUNITIES IN SCHOOLS OF CHICAGO
    815 W VAN BUREN STREET 300
    CHICAGO,IL60607     		NONE PC GENERAL SUPPORT 40,000
    CONCORD ACADEMY
    166 MAIN STREET
    CONCORD,MA01742     		NONE PC GENERAL SUPPORT 5,000
    COOLIDGE CORNER THEATER FOUNDATION
    290 HARVARD STREET
    BROOKLINE,MA02446     		NONE PC GENERAL SUPPORT 2,000
    EPIPHANY SCHOOL
    154 CENTRE STREET
    DORCHESTER,MA02124     		NONE PC GENERAL SUPPORT 45,000
    ETHOS MEALS ON WHEELS
    555 ARMORY STREET
    JAMAICA PLAIN,MA02130     		NONE PC GENERAL SUPPORT 60,000
    FENWAY HIGH SCHOOL FUND
    67 ALLEGHANY STREET
    BOSTON,MA02120     		NONE PC GENERAL SUPPORT 50,000
    FOOD BANK FOR NEW YORK CITY
    39 BROADWAY 10TH FLOOR
    NEW YORK,NY10006     		NONE PC GENERAL SUPPORT 175,000
    FOOD LINK INC
    32 OLDHAM ROAD
    ARLINGTON,MA02474     		NONE PC GENERAL SUPPORT 1,000
    GEMS (GIRLS EDUCATION AND MENTORING SERVICES INC)
    201 WEST 148TH STREET GROUND FLOOR
    NEW YORK,NY10039     		NONE PC GENERAL SUPPORT 7,500
    GREATER BOSTON FOOD BANK
    70 SOUTH BAY AVENUE
    BOSTON,MA02118     		NONE PC GENERAL SUPPORT 200,000
    GREATER CHICAGO FOOD DEPOSITORY
    4100 W ANN LURIE PLACE
    CHICAGO,IL60632     		NONE PC GENERAL SUPPORT 50,000
    HEALTH RESEARCH INC
    150 BROADWAY SUITE 560
    MENANDS,NY12204     		NONE PC GOVERNOR'S FIRST RESPONDERS FUND 65,000
    HELPING OUR WOMEN
    34 CONWELL STREET
    PROVINCETOWN,MA02657     		NONE PC GENERAL SUPPORT 5,000
    HOWARD BROWN HEATLH CENTER
    4025 N SHERIDAN ROAD
    CHICAGO,IL60613     		NONE PC GENERAL SUPPORT 50,000
    INTERFAITH POWER & LIGHT
    369 PINE STREET SUITE 700
    SAN FRANCISCO,CA94101     		NONE PC GENERAL SUPPORT & REGENERATION PROJECT 12,000
    JOY J INITIATIVE
    152 WEST 71ST STREET
    NEW YORK,NY10023     		NONE PC FEED THE FRONTLINES 25,000
    JUBILEE JUMPSTART INC
    2525 ONTARIO ROAD NW B
    WASHINGTON,DC20009     		NONE PC GENERAL SUPPORT 10,000
    KIDS IN NEED DISTRIBUTION INC
    6917 ARLINGTON ROAD 302
    BETHESDA,MD20814     		NONE PC GENERAL SUPPORT 15,000
    LAKEVIEW PANTRY
    3945 N SHERIDAN ROAD
    CHICAGO,IL60613     		NONE PC GENERAL SUPPORT 25,000
    LEGAL OUTREACH
    36-14 35TH STREET
    LONG ISLAND CITY,NY11106     		NONE PC GENERAL SUPPORT 25,000
    MARIN SHAKESPEARE COMPANY
    PO BOX 4053
    SAN RAFAEL,CA94913     		NONE PC GENERAL SUPPORT 2,000
    METROPOLITAN WATERWORKS MUSEUM INC
    2450 BEACON STREET
    BOSTON,MA02467     		NONE PC GENERAL SUPPORT 8,000
    MIL MILAGROS
    400 ATLANTIC AVENUE
    BOSTON,MA02110     		NONE PC GUATEMALA PROJECT AND GENERAL SUPPORT 25,000
    MINDS MATTER OF SAN FRANCISCO
    PO BOX 2511
    SAN FRANCISCO,CA94126     		NONE PC GENERAL SUPPORT 4,000
    MOTT HAVEN ACADEMY CHARTER SCHOOL
    170 BROWN PLACE
    BRONX,NY10454     		NONE PC GENERAL SUPPORT 50,000
    NATIONAL DOMESTIC WORKER'S ALLIANCE
    243 5TH AVENUE 257
    NEW YORK,NY10006     		NONE PC GENERAL SUPPORT 25,000
    NEW VENTURE FUND
    1201 CONNECTICUT AVENUE NW SUITE
    300
    WASHINGTON,DC20036     		NONE PC JAMES BEARD FOUNDATION FOOD AND BEVERAGE INDUSTRY RELIEF FUND 10,000
    NEW YORK CITY URBAN DEBATE LEAGUE
    25 BROADWAY 12TH FLOOR
    NEW YORK,NY10004     		NONE PC GENERAL SUPPORT 100,000
    NEW YORKERS FOR CHILDREN
    450 SEVENTH AVENUE SUITE 403
    NEW YORK,NY10123     		NONE PC GENERAL SUPPORT 3,000
    NPOWER INC
    55 WASHINGTON STREET SUITE 560
    BROOKLYN,NY11201     		NONE PC GENERAL SUPPORT 50,000
    OUTER CAPE HEALTH SERVICES INC
    PO BOX 598
    HARWICH PORT,MA02646     		NONE PC GENERAL SUPPORT 15,000
    PASSIM FOLK MUSIC AND CULTURAL CENTER
    26 CHURCH STREET SUITE 300
    CAMBRIDGE,MA02138     		NONE PC GENERAL SUPPORT 3,000
    PAYOMET PERFORMING ARTS CENTER
    PO BOX 1202
    TURO,MA02666     		NONE PC GENERAL SUPPORT 2,000
    PEACE ACTION EDUCATION FUND
    8630 FENTON STREET SUITE 524
    SILVER SPRING,MD20910     		NONE PC GENERAL SUPPORT 2,000
    PEACE FIRST
    25 KINGSTON STREET 6TH FLOOR
    BOSTON,MA02111     		NONE PC GENERAL SUPPORT 30,000
    PEN AMERICA
    588 BROADWAY SUITE 303
    NEW YORK,NY10012     		NONE PC GENERAL SUPPORT 5,000
    PHILLIPS BROOKS HOUSE
    1 HARVARD YARD
    CAMBRIDGE,MA02138     		NONE PC HSHS - HARVARD SQUARE HOMELESS SHELTER 5,000
    REFUGEPOINT
    689 MASSACHUSSETS AVENUE
    CAMBRIDGE,MA02139     		NONE PC GENERAL SUPPORT 5,000
    RISE ACADEMY
    263 HUNTINGTON AVENUE SUITE 323
    BOSTON,MA02115     		NONE PC GENERAL SUPPORT 20,000
    ROCKING THE BOAT INC
    812 EDGEWATER ROAD
    BRONX,NY10474     		NONE PC GENERAL SUPPORT 25,000
    ROW NEW YORK
    252 WEST 37TH STREET 4TH FLOOR
    NEW YORK,NY10018     		NONE PC GENERAL SUPPORT 30,000
    SAINT ANN'S SCHOOL
    129 PIERREPONT STREET
    BROOKLYN HEIGHTS,NY11201     		NONE PC GENERAL SUPPORT 40,000
    SCHOLAR ATHLETES INC
    65 ALLERTON STREET
    BOSTON,MA02119     		NONE PC GENERAL SUPPORT 50,000
    SKIP (SOUP KITCHEN IN PROVINCETOWN)
    PO BOX 538
    PROVINCETOWN,MA02657     		NONE PC GENERAL SUPPORT 5,000
    STREET LAB INC
    280 NEVINS STREET STE 2-9
    BROOKLYN,NY11217     		NONE PC GENERAL SUPPORT 15,000
    STUDENT LEADERSHIP NETWORK INC
    322 EIGHTH AVENUE 4TH FLOOR
    NEW YORK,NY10001     		NONE PC GENERAL SUPPORT 78,960
    SUMMER SEARCH
    90 BROAD STREET SUITE 701
    NEW YORK,NY10004     		NONE PC GENERAL SUPPORT 35,000
    TEACH FOR AMERICA INC
    60 CANAL STREET 5TH FLOOR
    BOSTON,MA02114     		NONE PC GENERAL SUPPORT 50,000
    THE ART OF PROBLEM SOLVING INITIATIVE INC
    55 EXCHANGE PLACE SUITE 603
    NEW YORK,NY10005     		NONE PC BEAM 50,000
    THE BOSTON FOUNDATION INC
    75 ARLINGTON STREET 3RD FLOOR
    BOSTON,MA02116     		NONE PC MA COVID 19 RELIEF FUND 100,000
    THE CHICAGO DEBATE COMMISSION
    PO BOX A3464
    CHICAGO,IL60690     		NONE PC GENERAL SUPPORT 50,000
    THE COMMONS
    46 BRADFORD STREET
    PROVINCETOWN,MA02657     		NONE PC GENERAL SUPPORT 2,000
    THE NEW YORK OPPORTUNITY NETWORK INC
    85 BROAD STREET 6TH FLOOR
    NEW YORK,NY10004     		NONE PC GENERAL SUPPORT 60,000
    THE OLIVER SCHOLARS PROGRAM INC
    80 MAIDEN LANE 7TH FLOOR
    NEW YORK,NY10038     		NONE PC GENERAL SUPPORT 50,000
    THE PARENTING JOURNEY
    366 SOMERVILLE AVENUE
    SOMERVILLE,MA02143     		NONE PC GENERAL SUPPORT 2,500
    THE WRITING REVOLUTION INC
    22 COURTLAND STREET 33RD FLOOR
    NEW YORK,NY10007     		NONE PC GENERAL SUPPORT 50,000
    UNITED POLICYHOLDERS
    381 BUSH STREET 8TH FLOOR
    SAN FRANCISCO,CA94104     		NONE PC GENERAL SUPPORT 7,000
    URBAN ASSEMBLY INC
    90 BROAD STREET 2101
    NEW YORK,NY10004     		NONE PC GENERAL SUPPORT 100,000
    URBAN DOVE INC
    21-21 41ST AVENUE SUITE 2-D
    LONG ISLAND CITY,NY11101     		NONE PC GENERAL SUPPORT 35,000
    WEST END HOUSE INC
    105 ALLSTON STREET
    ALLSTON,MA02134     		NONE PC GENERAL SUPPORT 25,000
    Y2Y NETWORK INC
    103 LEWIS AVENUE
    WALPOLE,MA02081     		NONE PC GENERAL SUPPORT 20,000
    YOUTHBUILD BOSTON INC
    27 CENTRE STREET
    BOSTON,MA02119     		NONE PC GENERAL SUPPORT 50,000
    ZUCKER SCHOOL OF MEDICINE
    500 HOFSTRA UNIVERSITY
    HEMPSTEAD,MA02119     		NONE PC MEDICAL SCHOLARS PIPELINE PROGRAM 20,000
    Total .................................bullet 3a 3,034,033
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 19,360  
    4 Dividends and interest from securities....     14 15,906  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 1,240,209  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 115,144  
    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 1,390,619 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,390,619
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


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

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    SHIPPY FOUNDATION
    C/O THE CLARK ESTATES INC
    Employer identification number

    20-4083744
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    SHIPPY FOUNDATION
    C/O THE CLARK ESTATES INC         		Employer identification number
    20-4083744
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    JP FLETCHER FOUNDATION INC
     
    PO BOX 380188
     
    CAMBRIDGE, MA022380188

    		$ 800,000


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

    		$  


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

    		$  


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

    		$  


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

    		$  


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

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    SHIPPY FOUNDATION
    C/O THE CLARK ESTATES INC         		Employer identification number

    20-4083744
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    SHIPPY FOUNDATION
    C/O THE CLARK ESTATES INC         		Employer identification number

    20-4083744
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2020 CashDeemedCharitableExplnStmt
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Explanation:
    CASH AMOUNTS EQUAL TO BUDGETED ANNUAL CHARITABLE PAYOUTS ARE MAINTANIED.

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Name of Bond End of Year Book Value End of Year Fair Market Value
    BONDS 2,807,204 2,716,806

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Name of Stock End of Year Book Value End of Year Fair Market Value
    STOCK 12,031,610 16,014,654

    TY 2020 InvestmentsOtherSchedule2
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PRIVATE EQUITY AT COST 13,630,359 16,970,820

    TY 2020 OtherExpensesSchedule
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MANAGEMENT FEE 265,700 239,130   26,570
    CUSTODY FEE 1,023 1,023   0
    MISCELLANEOUS 532 0   532
    PARTNERSHIP K-1 0 12,975   0
    MEDICAL INSURANCE 39,046 0   39,046
    OTHER INSURANCE 332 0   332


    TY 2020 OtherIncomeSchedule2
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PARTNERSHIP INVESTMENT INCOME 1,159,114 0 1,159,114
    PARTNERSHIP OTHER INCOME 81,095 -106,523 81,095
    ROYALTIES K-1 INCOME 0 50,920 0


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROFESSIONAL FEES 584 584   0


    TY 2020 TaxesSchedule
    Name:
    SHIPPY FOUNDATION
     
    C/O THE CLARK ESTATES INC
    EIN:
    20-4083744
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 53,713 0   0
    FOREIGN TAX PD 0 65,671   0
    PAYROLL TAX 28,382 0   0