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
HENRY P KENDALL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)176 FEDERAL STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

04-6029103
B Telephone number (see instructions)

(617) 951-2555
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$99,878,743J 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) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,516,440 1,516,590  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 146,887
b Gross sales price for all assets on line 6a 19,864,844
7 Capital gain net income (from Part IV, line 2)... 143,087
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 139,970 140,768  
12 Total. Add lines 1 through 11........ 1,803,297 1,800,445  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 438,955 0   438,955
14 Other employee salaries and wages...... 107,262 0   107,262
15 Pension plans, employee benefits....... 107,953 0   107,953
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 31,000 15,500   15,500
c Other professional fees (attach schedule).... Click to see attachment 402,744 213,297   2,000
17 Interest............... 18,762 18,762   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 20,500 0   20,500
19 Depreciation (attach schedule) and depletion... Click to see attachment 2,406 0  
20 Occupancy.............. 103,930 0   103,930
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see list of attachments 586,167 358,797   69,200
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,819,679 606,356   865,300
25 Contributions, gifts, grants paid....... 2,735,500 2,735,500
26 Total expenses and disbursements. Add lines 24 and 25 4,555,179 606,356   3,600,800
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,751,882
b Net investment income (if negative, enter -0-) 1,194,089
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............. 593,070 430,814 430,814
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet303,933
Less: allowance for doubtful accounts bullet   2,238,722 303,933 303,933
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) bullet106,049
Less: allowance for doubtful accounts bullet0 241,682 Click to see attachment106,049 106,049
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 5,676 10,588 10,588
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 89,849,528 Click to see attachment97,656,071 97,656,071
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,327,205 Click to see attachment1,319,072 1,319,072
14 Land, buildings, and equipment: basis bullet111,362
Less: accumulated depreciation (attach schedule) bullet72,386 57,863 Click to see attachment38,976 38,976
15 Other assets (describe bullet) Click to see attachment13,240 Click to see attachment13,240 Click to see attachment13,240
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 94,326,986 99,878,743 99,878,743
Liabilities 17 Accounts payable and accrued expenses.......... 30,567 30,868
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)......... 30,567 30,868
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........... 94,296,419 99,847,875
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........    
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)..... 94,296,419 99,847,875
30 Total liabilities and net assets/fund balances (see instructions). 94,326,986 99,878,743
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
94,296,419
2
Enter amount from Part I, line 27a .....................
2
-2,751,882
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
8,303,395
4
Add lines 1, 2, and 3 ..........................
4
99,847,932
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
57
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
99,847,875
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 SIGULER GUFF III - K-1 SHORT TERM P   2020-12-31
b SIGULER GUFF III - K-1 LONG TERM P   2020-12-31
c IR&M CORE BOND FUND II - K-1 SHORT TERM P   2020-12-31
d IR&M CORE BOND FUND II - K-1 LONG TERM P   2020-12-31
e CANYON VALUE REALIZATION FUND, LP - K-1 SECTION 1256 LOSS - NET SHORT TERM P   2020-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 SECTION 1256 LOSS - NET LONG TERM P   2020-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 SHORT TERM P   2020-12-31
CANYON VALUE REALIZATION FUND, LP - K-1 LONG TERM P   2020-12-31
HEITMAN AMERICA REAL ESTATE - K-1 NET LONG TERM P   2020-12-31
BOSTON PARTNERS GLOBAL EQUITY - K-1 SECTION 1256 GAIN - NET LONG TERM P   2020-12-31
BOSTON PARTNERS GLOBAL EQUITY FUND - K-1 - NET SHORT TERM P   2020-12-31
BOSTON PARTNERS GLOBAL EQUITY FUND - K-1 - NET LONG TERM P   2020-12-31
PARAMETRIC DEFENSIVE EQUITY FUND 1256 LOSS - NET SHORT TERM P   2020-12-31
PARAMETRIC DEFENSIVE EQUITY FUND 1256 LOSS - NET LONG TERM P   2020-12-31
PARAMETRIC DEFENSIVE EQUITY FUND - K-1 - NET SHORT TERM P   2020-12-31
PARAMETRIC DEFENSIVE EQUITY FUND - K-1 - NET LONG TERM P   2020-12-31
HIGHBAR PARTNERS III, L.P. - NET LONG TERM P   2020-12-31
LAZARD EMERGING MARKETS SMALL CAP EQUITY TRUST - K-1 - NET SHORT TERM P   2020-12-31
LAZARD EMERGING MARKETS SMALL CAP EQUITY TRUST - K-1 - NET LONG TERM P   2020-12-31
RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC - NET SHORT TERM P   2020-12-31
RENAISSANCE INSTITUTIONAL EQUITIES FUND LLC - NET LONG TERM P   2020-12-31
LITTLE LEAF FARM LLC - SECTION 1231 GAIN P   2020-12-31
KABOUTER - NET LONG TERM P   2020-12-31
GLENDOWER CAPITAL SOF IV, LP - NET LONG TERM P   2020-12-31
INVESCO DB COMMODITY - K-1 - NET SHORT TERM P   2020-12-31
INVESCO DB COMMODITY 1256 LOSS - NET SHORT TERM P   2020-12-31
INVESCO DB COMMODITY 1256 LOSS - NET LONG TERM P   2020-12-31
ENTERPRISE PRODUCTS PARTNERS L.P. - K-1 - SECTION 1231 LOSS P   2020-12-31
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - HOUSE ACCOUNT P   2020-12-31
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - HOUSE ACCOUNT P   2020-12-31
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - RANGER SMA ACCOUNT P   2020-12-31
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - RANGER SMA ACCOUNT P   2020-12-31
AUTONOMY REDEMPTION P   2020-12-31
BLUE HARBOUR REDEMPTION P   2020-12-31
KABOUTER REDEMPTION P   2020-12-31
WHITEBOX REDEMPTION P   2020-12-31
WHITEBOX REDEMPTION P   2020-12-31
DISPOSAL OF DELL LAPTOP E6220 P 2011-12-06 2020-12-31
DISPOSAL OF IPAD MINI WIFI P 2013-11-22 2020-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     261 -261
b 6,934     6,934
c 112,216     112,216
d 123,062     123,062
e     9,742 -9,742
    14,613 -14,613
    108,081 -108,081
    92,752 -92,752
92,965     92,965
1     1
41,976     41,976
126,418     126,418
    10,524 -10,524
    15,786 -15,786
37,255     37,255
115     115
27,381     27,381
    102,149 -102,149
    435,055 -435,055
    553,518 -553,518
190,519     190,519
583     583
158,154     158,154
4,394     4,394
    58 -58
    1,491 -1,491
    2,236 -2,236
    15 -15
2,039,219   2,171,521 -132,302
7,942,406   7,616,776 325,630
612,087   402,646 209,441
473,158   566,613 -93,455
1,275,516   1,500,000 -224,484
1,945,538   2,250,000 -304,462
3,000,000   2,867,920 132,080
432,340   500,000 -67,660
495,837   500,000 -4,163
  3,059 3,059 0
  947 947 0
726,770     726,770
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       -261
b       6,934
c       112,216
d       123,062
e       -9,742
      -14,613
      -108,081
      -92,752
      92,965
      1
      41,976
      126,418
      -10,524
      -15,786
      37,255
      115
      27,381
      -102,149
      -435,055
      -553,518
      190,519
      583
      158,154
      4,394
      -58
      -1,491
      -2,236
      -15
      -132,302
      325,630
      209,441
      -93,455
      -224,484
      -304,462
      132,080
      -67,660
      -4,163
      0
      0
      726,770
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 2 143,087
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 16,598
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 16,598
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 16,598
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 76,515
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 76,515
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 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 59,917
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet59,917 RefundedBullet 11 0
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. Click to see attachment...............................
    10
    Yes
     
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.KENDALL.ORG
    14
    The books are in care ofbulletJOHN MCCRAE Telephone no.bullet (617) 951-2525

    Located atbullet176 FEDERAL STREETBOSTONMA ZIP+4bullet02110
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOHN P KENDALL TRUSTEE
    2.00     		0 0 0
    176 FEDERAL STREET
    BOSTON,MA02110
    ANDREW W KENDALL TRUSTEE/EXECUTIVE DIRECTOR
    40.00     		438,955 65,481 0
    176 FEDERAL STREET
    BOSTON,MA02110
    PHOEBE S WINDER TRUSTEE
    2.00     		0 0 0
    176 FEDERAL STREET
    BOSTON,MA02110
    KENNETH F MEYERS TRUSTEE
    2.00     		0 0 0
    176 FEDERAL STREET
    BOSTON,MA02110
    TORE C NELSON TRUSTEE
    2.00     		0 0 0
    176 FEDERAL STREET
    BOSTON,MA02110
    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
    KALILLA BOOKER-CASSANO PROGRAM ASSISTANT
    40.00     		73,623 17,462 0
    176 FEDERAL STREET
    BOSTON,MA02110
    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
    ADAMEC COMMUNICATIONS CONSULTANTS 125,196
    74 HOWE STREET
    ASHLAND,MA01721
    NEPC LLC INVESTMENT MANAGEMENT 62,991
    255 STATE STREET
    BOSTON,MA02109
    NORTHBOUND VENTURES LLC CONSULTANTS 62,250
    66 RAYMOND AVENUE
    SOMERVILLE,MA02144
    HEITMAN AMER REAL ESTATE FUND INVESTMENT MANAGEMENT 51,114
    C/O HEITMAN LLC 191 NORTH WACKER
    DRIVE 2500
    CHICAGO,IL60606
    NORTHERN TRUST COMPANY INVESTMENT MANAGEMENT 32,376
    125 SUMMER STREET SUITE 1400
    BOSTON,MA02110
    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
    88,203,168
    b
    Average of monthly cash balances.......................
    1b
    465,393
    c
    Fair market value of all other assets (see instructions)................
    1c
    1,341,119
    d
    Total (add lines 1a, b, and c).........................
    1d
    90,009,680
    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
    90,009,680
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,350,145
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    88,659,535
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    4,432,977
    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
    4,432,977
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    16,598
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    16,598
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    4,416,379
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    4,416,379
    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
    4,416,379
    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
    3,600,800
    b
    Program-related investments—total from Part IX-B..................
    1b
    13,562
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    1,381
    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
    3,615,743
    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
    3,615,743
    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 4,416,379
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019...... 890,792
    fTotal of lines 3a through e........ 890,792
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,615,743
    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..... 3,615,743
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020. 800,636 800,636
    (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 90,156
    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) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		90,156
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019.... 90,156
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or 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
    BABSON COLLEGE
    231 FOREST STREET
    BABSON PARK,MA02457     		NO RELATIONSHIP PC THE COLLEGE BECAME UNABLE TO PERFORM ON THE GRANT PURPOSES -250,000
    BLACKSTONE VALLEY TOURISM COUNCIL
    175 MAIN STREET
    PAWTUCKET,RI02860     		NO RELATIONSHIP PC SUPPORT FOR THE SLATERSVILLE PROJECT IN CHRONICLING THE HISTORY OF SLATERSVILLE 10,000
    BOSTON AREA GLEANERS
    1833 MASSACHUSETTS AVE
    LEXINGTON,MA02420     		NO RELATIONSHIP PC SUPPORTING THE POTENTIAL ACQUISTION OF A FARM PROPERTY 10,000
    BOSTON BALLET INC
    19 CLARENDON STREET
    BOSTON,MA02116     		NO RELATIONSHIP PC HELPING TO MAKE BALLET ACCESSIBLE AND MEANINGFUL TO BROADER SEGMENTS OF THE COMMUNITY 500
    BOSTON PUBLIC MARKET ASSOCIATION
    PO BOX 52385
    BOSTON,MA02205     		NO RELATIONSHIP PC PROVIDING OPERATING SUPPORT FOR THE PUBLIC MARKET TO ADDRESS THE COVID CLOSING 750,000
    CEEDS4CHANGE
    PO BOX 124
    RANDOLPH,MA02368     		NO RELATIONSHIP PC BUILDING COLLABORATIONS IN EDUCATION AND REDUCING FOOD INSECURITY 500
    COASTAL ENTERPRISE INSTITUTE
    30 FEDERAL STREET
    BRUNSWICK,ME04011     		NO RELATIONSHIP PC FUNDS FOR THE ORGANIZATION TO PROVIDE DEBT RELIEF TO FARM LOAN BORROWERS 100,000
    COMMONWEALTH KITCHEN
    196 QUINCY STREET
    DORCHESTER,MA02121     		NO RELATIONSHIP PC PROVIDING WORKING CAPITAL AND OPERATING RELIEF DURING THE COVID CRISIS 150,000
    COMMUNITY INVOLVED IN SUSTAINING AGRICULTURE
    ONE SUGARLOAF STREET
    SOUTH DEERFIELD,MA01373     		NO RELATIONSHIP PC TO EXPLORE THE CREATION OF A FOOD HUB, HEALTHY FOOD IN LOW-ACCESS AREA 10,000
    FARM FRESH RHODE ISLAND
    1005 MAIN ST 1220
    PAWTUCKET,RI02860     		NO RELATIONSHIP PC SUPPORTING THE RHODE ISLAND FARM-TO-SCHOOL COALITION 75,000
    FOODBANK OF WESTERN MASSACHUSETTS
    PO BOX 160
    HATFIELD,MA01038     		NO RELATIONSHIP PC ASSISTING THE FOOD BANK OF WESTERN MA IN PURCHASING 142 ACRES OF FARMLAND TO INCREASE GROWTH OF PRODUCE BY 1 MILLION POUNDS 150,000
    FOODCORPS
    1140 SE 7TH AVE SUITE 110
    PORTLAND,OR97214     		NO RELATIONSHIP PC SUPPORTING THE STATEWIDE FARM TO SCHOOL STAKEHOLDER COLLABORATION 10,000
    HALEY HOUSE INC
    23 DARTMOUTH STREET
    BOSTON,MA02116     		NO RELATIONSHIP PC FUNDING FOOD WITH PURPOSE OF BREAKING DOWN COMMUNITY BARRIERS 500
    HARTFORD FOOD SYSTEM INC
    ONE CONGRESS STREET AUITE 302
    HARTFORD,CT06114     		NO RELATIONSHIP PC TO DEVELOP A STATEWIDE FOOD ACTION PLAN AND FOOD SYSTEM DATA COLLECTION 50,000
    HEALTHY COMMUNITIES OF THE CAPITAL AREA
    11 MECHANIC STREET SUITE 101
    GARDINER,ME04345     		NO RELATIONSHIP PC TO PROVIDE STAFFING FOR IMPLEMENTING THE FARM TO SCHOOL STRATEGIC PLAN 50,000
    ISLAND GROWN INITIATIVE LTD
    80 STONEY HILL ROAD
    VINEYARD HAVEN,MA02568     		NO RELATIONSHIP PC TO TEACH HANDS-ON SUSTAINABLE FARMING PRACTICES 500
    JOHN MERCK FUND
    31 ST JAMES AVE SUITE 888
    BOSTON,MA02116     		NO RELATIONSHIP PC TO SUPPLEMENT THE MERCK FUND'S EFFORTS TO ESTABLISH A NEW ENGLAND FOOD SYSTEMS COVID-19 RESPONSE FUND 250,000
    NEW ENGLAND GRASSROOTS ENVIRONMENT FUND
    PO BOX 1057
    MONTPELIER,VT05601     		NO RELATIONSHIP PC TO SUPPORT TRAINING AND ENGAGEMENT IN CREATING SUSTAINABLE COMMUNITIES IN NEW ENGLAND 150,000
    POPE FRANCIS PREPARATORY SCHOOL
    99 WENDOVER ROAD
    SPRINGFIELD,MA01118     		NO RELATIONSHIP PC TO FOSTER ACADEMIC EXCELLENCE IN A DIVERSE COMMUNITY 500
    SHELBURNE FARMS
    1611 HARBOR RD
    SHELBURNE,VT05482     		NO RELATIONSHIP PC TO ADVANCE STRATEGIC ACTIVITIES AND FARM TO SCHOOL ADVOCACY 100,000
    SOUL FIRE FARM INSTITUTE
    1972 NY ROUTE 2
    PETERSBURG,NY12138     		NO RELATIONSHIP PC SUPPORTING THE UPROOTING RACISM TRAINING AT SOUL FIRE FARM 10,000
    SPRINGFIELD PUBLIC SCHOOLS
    1550 MAIN STREET
    SPRINGFIELD,MA01103     		NO RELATIONSHIP PC SUPPORT FOR THE SCHOOL SYSTEMS FOOD SERVICE STRATEGIC PLAN 162,500
    SUPPORT OUR LIBRARY ASSOCIATION
    84 PARK STREET
    STOUGHTON,MA02072     		NO RELATIONSHIP PC SUPPORTING THE STOUGHTON PUBLIC LIBRARY ACTIVITIES AND CHILDREN PROGRAMS DURING COVID 500
    THE FOOD PROJECT
    10 LEWIS STREET
    LINCOLN,MA01773     		NO RELATIONSHIP PC SUPPORTING THE STATEWIDE FARM TO SCHOOL STAKEHOLDER COLLABORATION 10,000
    THIRD SECTOR NEW ENGLAND
    89 SOUTH STREET 700
    BOSTON,MA02111     		NO RELATIONSHIP PC 1. SUPPORTING THE STATEWIDE FARM TO SCHOOL STAKEHOLDER COLLABORATION 2. TO STRENGTHEN THE FARM TO SCHOOL INSTITUTE AND ENGAGE A WIDER NETWORK OF SCHOOLS 3. SUPPORT FOR THE HUNGER ELIMINATION TASK FORCE EVALUATION OF FOOD ACCESS AND DELIVERY SYSTEMS 285,000
    UNIVERSITY OF NEW HAMPSHIRE
    107 NESMITH HALL 131 MAIN STREET
    DURHAM,NH03824     		NO RELATIONSHIP PC 1. SUPPORT FOR THE UNH SUSTAINABILITY INSTITUTE 2. TO BROADEN THE AWARENESS OF THE IMPORTANCE OF A STRONG REGIONAL FOOD SYSTEM DURING A PANDEMIC 3. SUPPORTING THE NEW HAMPSHIRE FOOD ALLIANCE IN ASSESSING COVID IMPACTS TO THE STATE FOOD SYSTEM 325,000
    URBAN FOOD INITIATIVE
    54 WILDE ROAD
    WABAN,MA02468     		NO RELATIONSHIP PC TO ASSIST WITH OPERATING NEEDS AND CAPITAL EXPANSION OF NEW RETAIL LOCATIONS 250,000
    VERMONT SUSTAINABLE JOBS FUND
    3 PITKIN COURT SUITE 301E
    MONTPELIER,VT05602     		NO RELATIONSHIP PC TO EXPAND LOCAL GROWERS' ACCESS TO WHOLESALE MARKETS 75,000
    Total .................................bullet 3a 2,735,500
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 1,516,440  
    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.....     14 139,970  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 146,887  
    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 1,803,297 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    1,803,297
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 31,000 15,500   15,500

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 AmortizationSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description of Amortized Expenses Date Acquired, Completed, or Expended Amount Amortized Deduction for Prior Years Amortization Method Current Year Amortization Net Investment Income Adjusted Net Income Total Amount of Amortization
    COMPUTER EQUIPMENT - 2017 2017-03-24 399 387 36.000000000000 12 0   399
    WEBSITE DEVELOPMENT 2019-07-01 53,550 8,925 36.000000000000 17,850 0   26,775

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    TY 2020 DepreciationSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    COMPUTER EQUIPMENT 2003 - 2008 2006-12-31 2,226 2,226 200DB 5.000000000000 0 0    
    COMPUTER EQUIPMENT - 2010 2010-12-31 4,628 4,628 200DB 5.000000000000 0 0    
    COMPUTER EQUIPMENT - 2011 2011-12-31 2,164 2,164 200DB 5.000000000000 0 0    
    LEASEHOLD IMPROVEMENTS 2003-06-01 21,795 9,269 SL 39.000000000000 559 0    
    FURNITURE & FIXTURES 2002-07-01 6,740 6,740 200DB 7.000000000000 0 0    
    FURNITURE & FIXTURES 2006-05-02 2,572 2,572 200DB 7.000000000000 0 0    
    FURNITURE & FIXTURES 2008-08-15 2,216 2,216 200DB 7.000000000000 0 0    
    COMPUTER EQUIPMENT - 2013 2013-11-22 947 473 200DB 5.000000000000 0 0    
    COMPUTER EQUIPMENT - 2016 2016-04-18 2,241 926 200DB 5.000000000000 129 0    
    COMPUTER EQUIPMENT - 2016 2016-05-17 5,863 2,425 200DB 5.000000000000 337 0    
    COMPUTER EQUIPMENT - 2018 2018-12-19 2,050   200DB 5.000000000000 0 0    
    COMPUTER EQUIPMENT - 2019 2019-03-06 2,051   200DB 5.000000000000 0 0    
    COMPUTER EQUIPMENT - 2019 2019-04-19 1,486   200DB 5.000000000000 0 0    
    COMPUTER EQUIPMENT - 2020 2020-04-14 1,381   200DB 5.000000000000 1,381 0    
    COMPUTER EQUIPMENT - 2011 2011-12-31 3,059 3,059 200DB 5.000000000000 0 0    

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Name of Stock End of Year Book Value End of Year Fair Market Value
    SECURITIES, FIXED INCOME & MUTUAL FUNDS 97,656,071 97,656,071

    TY 2020 InvestmentsOtherSchedule2
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    LITTLE LEAF FARMS LLC AT COST 1,319,072 1,319,072

    TY 2020 LandEtcSchedule2
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTER EQUIPMENT 2003 - 2008 2,226 2,226 0  
    COMPUTER EQUIPMENT - 2010 4,628 4,628 0  
    COMPUTER EQUIPMENT - 2011 2,164 2,164 0  
    LEASEHOLD IMPROVEMENTS 21,795 9,828 11,967  
    FURNITURE & FIXTURES 6,740 6,740 0  
    FURNITURE & FIXTURES 2,572 2,572 0  
    FURNITURE & FIXTURES 2,216 2,216 0  
    COMPUTER EQUIPMENT - 2016 2,241 2,176 65  
    COMPUTER EQUIPMENT - 2016 5,863 5,694 169  
    COMPUTER EQUIPMENT - 2017 399 399 0  
    COMPUTER EQUIPMENT - 2018 2,050 2,050 0  
    COMPUTER EQUIPMENT - 2019 2,051 2,051 0  
    COMPUTER EQUIPMENT - 2019 1,486 1,486 0  
    WEBSITE DEVELOPMENT 53,550 26,775 26,775  
    COMPUTER EQUIPMENT - 2020 1,381 1,381 0  


    TY 2020 OtherAssetsSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSITS 13,240 13,240 13,240


    TY 2020 OtherDecreasesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Amount
    OTHER DIFFERENCES AS REPORTED ON K-1 PASS-THROUGH ENTITIES 57


    TY 2020 OtherExpensesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    COMPUTER EXPENSE 18,362 0   18,362
    OFFICE EXPENSE 7,592 0   5,642
    POSTAGE & DELIVERY 195 0   195
    PROGRAM EXPENSES 18,398 0   18,398
    TELEPHONE & INTERNET 20,015 0   20,015
    SHARON PROPERTY COSTS 1,746 0   1,746
    DEDUCTIONS FROM SIGULER GUFF III K-1 5,083 5,083   0
    DEDUCTIONS FROM INVESCO DB COMMODITY INDEX TRACKING FUND K-1 0 204   0
    DEDUCTIONS FROM IR&M CORE BOND FUND II K-1 15,007 15,007   0
    INSURANCE 4,842 0   4,842
    DEDUCTIONS FROM CANYON VALUE REALIZATION K-1 10,665 10,665   0
    DEDUCTIONS FROM HEITMAN AMERICA REAL ESTATE TRUST K-1 65 65   0
    DEDUCTIONS FROM BOSTON PARTNERS GLOBAL EQUITY FUND K-1 256 256   0
    DEDUCTIONS FROM PARAMETRIC DEFENSIVE EQUITY FUND K-1 5,373 5,373   0
    DEDUCTIONS FROM HIGHBAR PARTNERS III K-1 19,735 19,735   0
    DEDUCTIONS FROM LITTLE LEAF FARM LLC K-1 1,243 1,243   0
    DEDUCTIONS FROM LAZARD EMERGING MARKETS SMALL CAP EQUITY TRUST K-1 7,541 7,541   0
    DEDUCTIONS FROM RENAISSANCE INSTITUTIONAL EQUITIES K-1 52,054 52,054   0
    DEDUCTIONS FROM CVI CREDIT VALUE FUND K-1 245 245   0
    DEDUCTIONS FROM DALFEN LAST MILE INDUSTRIAL FUND K-1 4,326 4,326   0
    DEDUCTIONS FROM INDUSTRY VENTURES K-1 371 371   0
    DEDUCTIONS FROM IPI FUND II-A LP K-1 16,959 16,959   0
    BAD DEBT EXPENSE - FAIR FOOD FUND PROGRAM RELATED INVESTMENT 138,562 0   0
    INVESTMENT LOSS FROM CANYON VALUE REALIZATION FUND 24,990 24,990   0
    INVESTMENT LOSS FROM BOSTON PARTNERS GLOBAL EQUITY 1 1   0
    INVESTMENT LOSS FROM LAZARD EMERGING MARKETS 2,594 2,594   0
    INVESTMENT LOSS FROM LITTLE LEAF FARM 7,085 7,085   0
    INVESTMENT LOSS FROM GLENDOWER SOF IV 42,358 42,358   0
    INVESTMENT LOSS FROM DIRECT LENDING FUND III 2,837 2,837   0
    INVESTMENT LOSS FROM WHITEBOX MULTI STRATEGY FUND 64,114 64,114   0
    INVESTMENT LOSS FROM INDUSTRY VENTURES 24 24   0
    INVESTMENT LOSS FROM CANYON VALUE REALIZATION FUND 75,667 75,667   0
    AMORTIZATION 17,862 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    SIGULER GUFF DISTRESSED OPPORTUNITIES FUND III, LP - K-1 501 501 501
    CRESCENT DIRECT LENDING FUND, LP - K-1 31,903 31,903 31,903
    CANYON VALUE REALIZATION 0 0 0
    IR&M CORE BOND FUND II 2,750 2,750 2,750
    BOSTON PARTNERS GLOBAL EQUITY 0 0 0
    POWERSHARES DB COMMODITY INDEX TRACKING - K-1 0 0 0
    LITTLE LEAF FARM LLC - K-1 0 0 0
    LAZARD EMERGING MARKETS SMALL CAP EQUITY TRUST 0 0 0
    KABOUTER INTERNATIONAL OPPORTUNITIES OFFSHORE FUND II, LTD 22,621 22,621 22,621
    GLENDWOER SOF IV 0 0 0
    ENTERPRISE PRODUCTS PARTNERS L.P. - K-1 0 0 0
    RENAISSANCE INSTITUTIONAL EQUITIES 895 895 895
    CANYON VALUE REALIZATION OFFSHORE 0 0 0
    DIRECT LENDING FUND III 0 0 0
    WHITEBOX MULTI STRATEGY FUND 0 0 0
    POWERSHARES DB COMMODITY INDEX TRACKING - K-1 0 11 0
    PARAMETRIC DEFENSIVE EQUITY FUND 12 12 12
    HG VORA SPECIAL OPPORTUNITIES FUND 81,211 81,211 81,211
    CVI CREDIT VALUE FUND 77 77 77
    INDUSTRY VENTURES 0 0 0
    ENTERPRISE PRODUCTS PARTNERS L.P. - K-1 0 787 0


    TY 2020 OtherIncreasesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Description Amount
    NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS AND LIMITED PARTNERSHIPS 8,303,395


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    TY 2020 OtherNotesLoansRcvblLongSch
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103

    Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
    PIONEER VALLEY GROWS RISK CAPITAL POOL NONE 25,000 27,947 2015-12 2021-12 LUMP SUM, INCLUDING ACCRUED INTEREST 0 %   PROGRAM-RELATED INVESTMENT CASH 25,000
    PIONEER VALLEY GROWS PATIENT CAPITAL POOL NONE 37,500 39,096 2015-12 2018-07 LUMP SUM, INCLUDING ACCRUED INTEREST 400.0000000000 %   PROGRAM-RELATED INVESTMENT CASH 37,500
    PIONEER VALLEY GROWS PATIENT CAPITAL POOL NONE 37,500 39,006 2018-09 2026-09   400.0000000000 %   PROGRAM-RELATED INVESTMENT CASH 37,500

    TY 2020 OtherProfessionalFeesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ALLOCABLE CONSULTING FEES 250,438 62,991   0
    INVESTMENT MANAGEMENT FEES 116,787 116,787   0
    CUSTODIAN FEES 33,519 33,519   0
    RETIREMENT PLAN SERVICES 2,000 0   2,000


    TY 2020 SubstantialContributorsSch
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Name Address
    HENRY WAY KENDALL TRUST
          		C/O JOHN CLYMER TRUSTEE 176 FEDERAL
    STREET
    BOSTON,MA02110


    TY 2020 TaxesSchedule
    Name:
    HENRY P KENDALL FOUNDATION
    EIN:
    04-6029103
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MASSACHUSETTS ANNUAL REPORT - FORM PC 500 0   500
    FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 20,000 0   20,000