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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
SHIPLEY FOUNDATION INC #0755496
 
Number and street (or P.O. box number if mail is not delivered to street address)NUTTER MCCLENNEN FISH POB 51400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02205
A Employer identification number

23-7015570
B Telephone number (see instructions)

(617) 439-2276
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$234,587,785J 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) 194,404
2 Check bullet.............
3 Interest on savings and temporary cash investments 204 204  
4 Dividends and interest from securities... 4,771,918 4,771,642  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -22,056,273
b Gross sales price for all assets on line 6a 53,437,834
7 Capital gain net income (from Part IV, line 2)... 13,715,850
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 4,647 -12,833  
12 Total. Add lines 1 through 11........ -17,085,100 18,474,863  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 287,296 215,472   71,824
b Accounting fees (attach schedule)....... Click to see attachment 17,500 13,125   4,375
c Other professional fees (attach schedule).... Click to see attachment 207,884 155,914   51,970
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 381,517 75,554   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications.......... 499 0   499
23 Other expenses (attach schedule)....... Click to see attachment 1,109,882 832,038   277,844
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,004,578 1,292,103   406,512
25 Contributions, gifts, grants paid....... 9,207,075 9,207,075
26 Total expenses and disbursements. Add lines 24 and 25 11,211,653 1,292,103   9,613,587
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -28,296,753
b Net investment income (if negative, enter -0-) 17,182,760
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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............. 1,000 6,575 6,575
2 Savings and temporary cash investments......... 1,706,066 3,976,909 3,976,909
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)      
b Investments—corporate stock (attach schedule)....... 117,459,738 Click to see attachment134,960,265 196,599,445
c Investments—corporate bonds (attach schedule)....... 36,940,839 Click to see attachment23,579,858 23,726,979
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 37,992,535 Click to see attachment3,279,818 10,277,877
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) 194,100,178 165,803,425 234,587,785
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........ 59,077,250 59,077,250
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 135,022,928 106,726,175
29 Total net assets or fund balances (see instructions)..... 194,100,178 165,803,425
30 Total liabilities and net assets/fund balances (see instructions). 194,100,178 165,803,425
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
194,100,178
2
Enter amount from Part I, line 27a .....................
2
-28,296,753
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
165,803,425
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
165,803,425
Form 990-PF (2021)
Form 990-PF (2021)
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 GOLDMAN SACHS 653-2 P 2017-01-03 2021-12-31
b GOLDMAN SACHS 653-2 P 2021-01-03 2021-12-31
c GOLDMAN SACHS 649-5 P 2017-01-03 2021-12-31
d GOLDMAN SACHS 649-5N P 2021-01-03 2021-12-31
e SIGULER GUFF BRIC P 2017-03-03 2021-12-31
WEST GULF INVESTMENT STRATEGIES P 2021-01-03 2021-12-31
WEST GULF INVESTMENT STRATEGIES P 2017-01-03 2021-12-31
SIGULER GUFF DISTRESSED P 2021-01-03 2021-12-31
SIGULER GUFF DISTRESSED P 2017-01-03 2021-12-31
WEST GULF INVESTMENT STRATEGIES P 2019-01-03 2021-12-31
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 31,909,619   20,768,371 11,141,248
b 915,940   771,881 144,059
c 8,578,239   8,290,599 287,640
d 9,871,697   9,891,100 -19,403
e 18,865     18,865
    33 -33
256,270     256,270
282     282
152,754     152,754
      0
1,734,168     1,734,168
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       11,141,248
b       144,059
c       287,640
d       -19,403
e       18,865
      -33
      256,270
      282
      152,754
      0
      1,734,168
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 13,715,850
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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........................... 3 238,840
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- ..... 5 238,840
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 251,847
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 351,847
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 734
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 10 112,273
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet112,273 RefundedBullet 11 0
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 ofbulletNUTTER MCCLENNEN & FISH LLP Telephone no.bullet (617) 439-2000

    Located atbulletSEAPORT WEST 155 SEAPORT BLVDBOSTONMA ZIP+4bullet022102604
    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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
     
     
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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
    RICHARD C SHIPLEY PRESIDENT
    5.00     		0 0 0
    3333 POINCIANA AVE
    COCONUT GROVE,FL33133
    THOMAS P JALKUT TREASURER
    5.00     		0 0 0
    NUTTERMCCLENNEN FISHLLP PO BOX
    51400
    BOSTON,MA02205
    RICHARD C SHIPLEY DIRECTOR
    5.00     		0 0 0
    3333 POINCIANA AVE
    COCONUT GROVE,FL33133
    JULIA SATTI COSENTINO CLERK
    5.00     		0 0 0
    NUTTERMCCLENNEN FISHLLP PO BOX
    51400
    BOSTON,MA02205
    THOMAS P JALKUT DIRECTOR
    5.00     		0 0 0
    NUTTERMCCLENNEN FISHLLP PO BOX
    51400
    BOSTON,MA02205
    JULIA SATTI COSENTINO DIRECTOR
    5.00     		0 0 0
    NUTTERMCCLENNEN FISHLLP PO BOX
    51400
    BOSTON,MA02205
    KAREN L SHIPLEY DIRECTOR
    5.00     		0 0 0
    1000 ISLAND BLVD 3103
    AVENTURA,FL33160
    JASON R SHIPLEY VICE PRESIDENT
    5.00     		0 0 0
    7901 HISPANOLA AVE 1512
    NORTH BAY VILLAGE,FL33141
    JASON R SHIPLEY DIRECTOR
    5.00     		0 0 0
    7901 HISPANOLA AVE 1512
    NORTH BAY VILLAGE,FL33141
    FEYZA ALTINDAG SHIPLEY DIRECTOR
    5.00     		0 0 0
    3333 POINCIANA AVE
    COCONUT GROVE,FL33133
    ELIZABETH S HUNT DIRECTOR
    5.00     		0 0 0
    14 NORWOOD AVENUE
    KENSINGTON,CA94707
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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
    GOLDMAN SACHS & CO INVESTMENT EXPENSE 1,046,230
    200 WEST STREET
    NEW YORK,NY10282
    NUTTER MCCLENNEN & FISH LLP LEGAL FEES 287,296
    155 SEAPORT BLVD
    BOSTON,MA02201
    NUTTER MCCLENNEN & FISH LLP PROFESSIONAL FEES 194,534
    155 SEAPORT BLVD
    BOSTON,MA02201
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    219,930,721
    b
    Average of monthly cash balances.......................
    1b
    2,532,147
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    222,462,868
    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
    222,462,868
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    3,336,943
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    219,125,925
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    10,956,296
    Part X
    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 IX, line 6..................
    1
    10,956,296
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    238,840
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    238,840
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    10,717,456
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    10,717,456
    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 XII, line 1 ...
    7
    10,717,456
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    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 XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 10,717,456
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 9,049,186
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 9,613,587
    a Applied to 2020, but not more than line 2a 9,049,186
    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 2021 distributable amount..... 564,401
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		10,153,055
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    AMERICAN FRIEND SERVICES COMMITTEE
    1501 CHERRY STREET
    PHILADELPHIA,PA19102     		NONE PUBLIC SUPPORT WORK WITH IMMIGRANTS AND REFUGEES IN MIAMI-DADE COUNTY 75,000
    BAY AREA COMMUNITY SERVICES
    390 40TH STREET
    OAKLAND,CA94609     		NONE PUBLIC GENERAL OPERATION SUPPORT 25,000
    BEST FRIENDS ANIMAL SOCIETY
    501 ANGEL CANYON RD
    KANAB,UT84741     		NONE PUBLIC FOR SHIPLEY DOG LODGES 1,000,000
    BEYOND THE 11TH
    PO BOX 457
    NEEDHAM,MA02494     		NONE PUBLIC SUPPORT AND ASSISTANCE TO RESIDENTS OF AFGHANISTAN 20,000
    BORN FREE PET SHELTER
    PO BOX 772050
    MIAMI,FL33177     		NONE PUBLIC GENERAL OPERATING SUPPORT FUND 15,000
    BRIDGE TO HOPE
    4201 LONG BEACH BLVD SUITE 218-B
    LONG BEACH,CA90807     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    BRIDGE TO TURKIYE
    100 FOX BRIAR LANE
    CARY,NC27518     		NONE PUBLIC BTF PROGRAMS GASTRONOMY AND CULINARY ARTS/CYDD CESME CAPACITY BUILDING 175,000
    CAMILLUS HOUSE
    1603 NW 7TH AVE
    MIAMI,FL33136     		NONE PUBLIC GENERAL OPERATING SUPPORT FUND 125,000
    CENTER FOR IMMIGRANT ADVANCEMENT
    1109 SW 8TH ST
    MIAMI,FL33130     		NONE PUBLIC GENERAL OPERATING SUPPORT 15,000
    CENTRO CAMPESINO FARMWORKERS CENTER
    35801 SW 186TH AVE
    HOMESTEAD,FL33034     		NONE PUBLIC FOR GENERAL OPERATING SUPPORT 50,000
    CENTRO LEGAL DE LA RAZA
    3400 E 12TH ST
    OAKLAND,CA94601     		NONE PUBLIC FOR GENERAL OPERATING SUPPORT AND TO SUPPORT OAKLAND UNDOCUMENTED RELIEF FUND 50,000
    CHELSEA COLLABORATIVE
    318 BROADWAY
    CHELSEA,MA02150     		NONE PUBLIC FOR HUNGER RELIEF EFFORTS 25,000
    CLINIC FOR REHABILITATION OF WILDLIFE
    3883 SANIBEL CAPTIVA RD
    SANIBEL,FL33957     		NONE PUBLIC REHABILITATION OF WILDLIFE 15,000
    COCONUT GROVE CARES
    3870 WASHINGTON AVE
    MIAMI,FL33133     		NONE PUBLIC GENERAL OPERATING SUPPORT FOR COCONUT GROVE HEALTH CENTER 31,500
    COLORADO STATE UNIVERSITY
    OVAL DRIVE
    FORT COLLINS,CO80523     		NONE PUBLIC SUPPORT OF FACC ONCOLOGY PROJECT 275,000
    COMMUNITY HEALTH OF SOUTH FLORIDA
    10300 SW 216TH STREET
    MIAMI,FL33190     		NONE PUBLIC FOR COCONUT GROVE HEALTH CENTER 62,500
    COMMUNITY WATER CENTER
    900 W OAK AVE
    VISALIA,CA93291     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    DENOVO CENTER FOR JUSTICE AND HEALING
    47 THORNDIKE ST
    CAMBRIDGE,MA02141     		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000
    DING DARLING WILDLIFE SOCIETY
    1 WILDLIFE DRIVE
    SANIBEL,FL33957     		NONE PUBLIC ANNUAL FUND RAISING- GENERAL 10,000
    EARTH ISLAND INSTITUTE
    2150 ALLSTON WAY SUITE 460
    BERKELEY,CA94704     		NONE PUBLIC FOR USE BY FOOD SHIFT 25,000
    EMPOWER U
    7900 NW 27TH AVE STE E-12
    MIAMI,FL33147     		NONE PUBLIC TO COMBAT SUBSTANCE US DISORDER 50,000
    ENGLISH FOR NEW BOSTONIANS INC
    105 CHAUNCY ST 4TH FL
    BOSTON,MA02111     		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000
    FAMILY ACTION NETWORK
    1718 SHERMAN AVE STE 201
    EVANSTON,IL60201     		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000
    FARM SHARE
    738 MAIN ST
    WALTHAM,MA02451     		NONE PUBLIC GENERAL OPERATING SUPPORT 93,500
    FEEDING SOUTH FLORIDA
    2501 SW 32ND TERRACE
    PEMBROKE,FL33023     		NONE PUBLIC GERNERAL OPERATING SUPPORT 100,000
    FISHER HOUSE FOUNDATION
    111 ROCKVILLE PIKE SUITE 420
    ROCKVILLE,MD20850     		NONE PUBLIC CONSTRUCTING ONE OF THE NEW FISHER HOUSES PLANNED FOR BAY PINES, FL 250,000
    FLORIDA IMMIGRANT COALITION
    2800 BISCAYNE BLVD 300
    MIAMI,FL33137     		NONE PUBLIC GENERAL OPERATING SUPPORT 75,000
    FLORIDA INTERNATIONAL UNIVERSITY
    11200 SW 8TH ST
    MIAMI,FL33199     		NONE PUBLIC FOR SUPPORT OF STUDENTS IN NEED 50,000
    FRIENDS OF MIAMI ANIMAL FOUNDATION
    2665 S BAYSHORE DRIVE
    MIAMI,FL33133     		NONE PUBLIC GENERAL OPERATING SUPPORT FUND 47,025
    FRIENDS OF THE COMMODORE TRAIL
    3109 GRAND AVE 288
    COCONUT GROVE,FL33133     		NONE PUBLIC GENERAL OPERATING SUPPORT FUND 10,450
    FUTURE CHEFS
    305 BLUE HILL AVENUE
    BOSTON,MA02121     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    GLOBAL NETWORK OF WOMEN PEACE BUILDERS INC
    777 UNITED NATIONS PLAXA STE 11-E
    NEW YORK,NY10017     		NONE PUBLIC SUPPORT OF ORGANIZATIONS WORKING WITH WOMEN IN AFGHANISTAN 20,000
    GREAT PLAINS CONSERVATION FOUNDATION
    165 CAT ROCK LANE
    JUPITER,FL33458     		NONE PUBLIC GENERAL OPERATING SUPPORT FUND 25,000
    HILLSDALE COLLEGE
    33 E COLLEGE ST
    HILLSDALE,MI49242     		NONE PUBLIC TO ESTABLISH CHARLES R. SHIPLEY JR. SCHOLARSHIP FUND 545,000
    HIRE HEROES USA
    100 NORTH POINT CENTER EAST STE 200
    ALPHARETTA,GA30022     		NONE PUBLIC VETERAN CAREER TRANSITION SUPPORT PROGRAM 300,000
    HOMES FOR OUR TROOPS
    6 MAIN STREET
    TAUNTON,MA02780     		NONE PUBLIC CONSTRUCTION OF HOMES FOR DISABLED MILITARY PERSONNEL 700,000
    HOPE FOR HEROES HORSEMANSHIP CENTER
    14528 AVIS LANE SE
    YELM,WA98597     		NONE PUBLIC THERAPEUTIC RIDING PROGRAM 10,000
    INTERNATIONAL CIVIL SOCIETY ACTION NETWORK
    1126 16TH ST NW STE 250
    WASHINGTON,DC20036     		NONE PUBLIC FOR SUPPORT OF WOMEN IN AFGHANISTAN 25,000
    INTERNATIONAL RESCUE COMMITTEE
    PO BOX 6068
    ALBERT LEA,MN56007     		NONE PUBLIC SUPPORT OF THE CENTER FOR ECONOMIC OPPORTUNITY 25,000
    ISRAAID (US) GLOBAL HUMANITARIAN ASSISTANCE
    PO BOX 61227
    PALO ALTO,CA94306     		NONE PUBLIC GLOBAL HUMANITARIAN ASSISTANCE INC/ FOR HUMANITARIAN RELIEF EFFORTS 25,000
    LEE MEMORIAL HEALTH SYSTEMS FOUNDATION
    2776 CLEVELAND AVE
    FORT MYERS,FL33901     		NONE PUBLIC CENTER FOR CARDIOTHORACIC SURGERY, INNOVATION, EDUCATION AND RESEARCH 25,000
    MIAMI ANIMAL RESCUE
    13313 SW 124TH ST
    MIAMI,FL33186     		NONE PUBLIC GENERAL OPERATING SUPPORT 10,000
    MIAMI DIAPER BANK
    4770 BISCANYE BLVD SUITE 980
    MIAMI,FL33137     		NONE PUBLIC GENERAL OPERATING SUPPORT 12,500
    MIAMI VETERINARY FOUNDATION
    11622 N KENDALL DR
    MIAMI,FL33176     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    MIAMI-DADE COLLEGE FOUNDATION
    300 NE 2ND AVE 1423
    MIAMI,FL33132     		NONE PUBLIC SUPPORT OF MIAMI-DADE COLLEGE FOOD PANTRIES 50,000
    MIRA COALITION
    105 CHAUNCY STREET STE 901
    BOSTON,MA02111     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    NATIVE AMERICAN HEALTH CENTER
    2077 CENTRE ST
    WEST ROXBURY,MA02132     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    NEW HOPE CORPS
    1020 N KROME AVE
    HOMESTEAD,FL33030     		NONE PUBLIC FOR WORK IN MIAMI TO COMBAT SUBSTANCE USE 31,250
    NEWTON WELLESLEY HOSPITAL
    2014 WASHINGTON ST
    NEWTON,MA02462     		NONE PUBLIC GENERAL OPERATING SUPPORT 149,400
    OASIS RESCUE
    5802 BOB BULLOCK LP C1 504-296
    LAREDO,TX78041     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    OVERTOWN CHILDREN AND YOUTH COALITION
    1951 NW 7TH AVE
    MIAMI,FL33136     		NONE PUBLIC TO COMBAT SUBSTANCE USE 15,000
    PAWS4YOU RESCUE
    8717 SW 134TH ST
    MIAMI,FL33176     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    PETS FOR VETS INC
    PO BOX 10860
    WILMINGTON,NC28404     		NONE PUBLIC VETERAN ADOPTIONS AND CHAPTER EXPANSION 20,000
    PINE STREET INN
    330 PINE ST
    WILLIAMSPORT,PA17701     		NONE PUBLIC VETERANS SERVICE AND HOUSING 250,000
    PLANTING JUSTICE
    319 105TH AVE
    OAKLAND,CA94603     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    POLITICAL ASYLUM IMMIGRATION REPRESENTATION
    98 N WASHINGTON ST STE 106
    BOSTON,MA02114     		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000
    PRINCETON UNIVERSITY
    I NASSAU HALL
    PRINCETON,NJ08544     		NONE PUBLIC FOR HELEN SHIPLEY HUNT FUND FOR PRACTICAL ENGINEERING APPLICTIONS 500,000
    PROJECT BREAD
    145 BORDER ST
    BOSTON,MA02128     		NONE PUBLIC GENERAL OPERATING SUPPORT 75,000
    PURPLE HEART HOMES
    755 WASHINGTON AVE
    STATEVILLE,NC28677     		NONE PUBLIC TINY HOME PROJECT 25,000
    RAZIA'S RAY OF HOPE
    PO BOX 81052
    WELLESLEY,MA02481     		NONE PUBLIC GENERAL OPERATING SUPPORT 20,000
    REBUILDING TOGETHER MIAMI- DADE
    3628 GRAND AVE
    MIAMI,FL33133     		NONE PUBLIC GENERAL OPERATING SUPPORT 62,500
    REFUGEE ASSISTANCE ALLIANCE
    1825 PONCE DE LEON
    CORAL GABLES,FL33134     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    SAN FRANCISCO ESTUARY INSTITUTE
    4911 CENTER AVE
    RICHMOND,CA94804     		NONE PUBLIC TO SUPPORT THE DEVELOPMENT OF A VISUALIZATION TOOL FOR PESTICIDES AND WATER QUALITY DATA 100,000
    SANIBEL CAPTIVA CONSERVATION FOUNDATION
    3399 SANIBEL CAPTIVA ROAD
    SANIBEL,FL33957     		NONE PUBLIC ANNUAL FUND AND OPERATIONS 50,000
    SELF HELP ENTERPRISES
    8445 W ELOWIN CT
    VISALIA,CA93291     		NONE PUBLIC FOR GENERAL OPERATING SUPPORT 35,000
    SOCIAL INNOVATION FORUM
    ONE CONGRESS ST
    BOSTON,MA02114     		NONE PUBLIC GENERAL OPERATING SUPPORT 30,000
    ST ALBAN'S CHILD ENRICHMENT CENTER
    3465 BROOKER ST
    MIAMI,FL33133     		NONE PUBLIC GENERAL OPERATING SUPPORT 62,500
    ST STEPHEN'S EPISCOPAL CHURCH
    419 SHAWMUT AVE
    BOSTON,MA02118     		NONE PUBLIC FOR SUPPORT OF AIDS MINISTRY 31,500
    STUDENT'S CLINIC FOR IMMIGRANT JUSTICE
    217 HANOVER ST STE 320
    BOSTON,MA02113     		NONE PUBLIC GENERAL OPPERATING SUPPORT 5,000
    SUNDARI FOUNDATION
    217 NW ST
    MIAMI,FL33136     		NONE PUBLIC SUPPORT WORK OF LOTUS HOUSE 75,000
    TEAM RED WHITE AND BLUE
    1110 W PLATT ST
    TAMPA,FL33606     		NONE PUBLIC FOR CIVIC ENGAGEMENT AND LEADERSHIP PROGRAMS 75,000
    THE WATERSHED PROJECT
    1327 S 46TH BUILDING 155
    RICHMOND,CA94804     		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000
    THELMA GIBSON HEALTH INIATIVE
    3646 GRAND AVE
    COCONUT GROVE,FL33133     		NONE PUBLIC GENERAL OPERATING SUPPORT 43,500
    THRIVING MIND SOUTH FLORIDA
    7205 NW 19TH STREET STE 200
    MIAMI,FL33126     		NONE PUBLIC SUPPORT TO HELP PEOPLE WITH SUBSTANCE USE DISORDERS 50,000
    TRUSTEES OF BOSTON UNIVERSITY
    1113-1115 COMMONWEALTH AVE
    BOSTON,MA02215     		NONE PUBLIC QUESTROM SCHOOL OF BUSSINESS ANNUAL FUND AND CENTER FOR DIGITAL LEARNING & INNOVATION 2,050,000
    TRUSTEES OF PRINCETON UNIVERSITY
    ONE NASSAU HALL
    PRINCETON,NJ08544     		NONE PUBLIC GRRADUATE ALUMNI ANNUAL GIVING FUND 50,000
    TUFTS UNIVERSITY
    711 WASHINGTON ST 9
    BOSTON,MA02111     		NONE PUBLIC ANNUAL FUND OF CUMMINGS SCHOOL OF VETERINARY MEDICINE 10,000
    URBAN FOOD INITIATIVE DAILY TABLE
    2201 WASHINGTON ST
    ROXBURY,MA02119     		NONE PUBLIC TO SUPPORT THE WORK OF THE DAILY TABLE 25,000
    URBAN OASIS PROJECT
    6870 SW 45TH LN 7
    MIAMI,FL33155     		NONE PUBLIC GENERAL OPERATING SUPPORT 18,500
    VETERANS INC
    69 GROVE ST
    WORCESTER,MA01605     		NONE PUBLIC VETERAN CAREER TRANSITION SUPPORT PROGRAM 100,000
    VETERANS LEGAL SERVICES
    PO BOX 8457
    BOSTON,MA02114     		NONE PUBLIC LEGAL VERERANS SERVICES 100,000
    VETS HELPING HEROES INC
    PO BOX 540723
    GREENACRES,FL33454     		NONE PUBLIC TRAINING ASSISTANCE DOGS TRAINING 100,000
    VOICES FOR CHILDREN
    110 DAGGETT AVE
    VINEYARD HAVEN,MA02568     		NONE PUBLIC 2022 GALA/ GENERAL OPERATING SUPPORT 60,450
    WHISPERING MANES THERAPEUTIC RIDING CENTER
    6105 SW 125TH AVE
    MIAMI,FL33138     		NONE PUBLIC THERAPEUTIC RIDING PROGRAM 20,000
    WOUNDED VETRANS RELIEF FUND
    2635 OLD OKEECHOBEE RD
    WEST PALM BEACH,FL33409     		NONE PUBLIC EMERGENCY FINANCIAL ASSISTANCE FOR DISABLED VETS 50,000
    Total .................................bullet 3a 9,207,075
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 ...........     		    14 204  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 -22,056,273  
    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 -17,279,504 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    -17,279,504
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    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
    2021
    Name of the organization
    SHIPLEY FOUNDATION INC #0755496
     
    Employer identification number

    23-7015570
    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) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    SHIPLEY FOUNDATION INC #0755496
          		Employer identification number
    23-7015570
    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
    LUCIA H SHIPLEY 1993 REV INDENTURE OF TRUST UNDER ARTICLE 5
     
    155 SEAPORT BLVD
     
    BOSTON, MA02205

    		$ 194,404


    (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) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    SHIPLEY FOUNDATION INC #0755496
          		Employer identification number

    23-7015570
    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) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    SHIPLEY FOUNDATION INC #0755496
          		Employer identification number

    23-7015570
    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) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NUTTER MCCLENNEN & FISH LLP 17,500 13,125   4,375

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Name of Bond End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS ACCOUNT #649-5 23,579,858 23,726,979

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Name of Stock End of Year Book Value End of Year Fair Market Value
    GOLDMAN SACHS ACCOUNT #653-2 134,960,265 196,599,445

    TY 2021 InvestmentsOtherSchedule2
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    SIGULER GUFF BRIC OPPORTUNITIES FUND II, L.P. AT COST 712,638 974,202
    SIGULER GUFF DIST OPPORTUNITIES FUND IV, L.P. AT COST 1,342,733 1,305,206
    BROAD STREET REAL ESTATE CREDIT PARTNERS III OFFSHORE FUND, L.P. AT COST 844,761 799,797
    VINTAGE VII AIV OFFSHORE SCSP AT COST 159,633 6,982,069
    ARES DIRECT LENDING OPPORTUNITIES ACCESS AT COST 220,053 216,603

    TY 2021 LegalFeesSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NUTTER MCCLENNEN & FISH LLP 287,296 215,472   71,824


    TY 2021 OtherExpensesSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BROAD STREET REAL ESTATE CR PARTNERS 8,268 6,201   2,067
    FILING FEES 500 0   500
    GOLDMAN SACHS 649-5 MANAGEMENT FEES 209,196 156,897   52,299
    GOLDMAN SACHS 653-2 MANAGEMENT FEES 837,034 627,776   209,258
    SIGULER GUFF BRIC OPP FUND II LP 4,484 3,363   1,121
    SIGULER GUFF DIST OPP FUND IV, L.P. 19,655 14,741   4,914
    VINTAGE VII AIV OFFSHORE SCSP 5,545 4,159   1,386
    WEST GULF INV STRAT 24,242 18,182   6,060
    ARES DIRECT LENDING OPPORTUNITIES 958 719   239


    TY 2021 OtherIncomeSchedule2
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    WEST GULF INV STRAT -9,451 -9,451 -9,451
    WEST GULF INV STRAT SEC 1231 6,160 6,160 6,160
    SIGULER GUFF BRIC -48,988 -48,988 -48,988
    BROAD STREET REAL ESTATE PARTNERS III 18,384 18,384 18,384
    SIGULER GUFF DISTRESSED -41 -41 -41
    WEST GULF INV STRAT ROYALTIES 14,127 14,127 14,127
    FED REFUND 17,480 0 17,480
    GOLDMAN 653 SEC 1250 GAINS 473 473 473
    ARES DIRECT LENDING OPPORTUNITIES 4,408 4,408 4,408
    SIGULER GUFF DISTRESSED SEC 1231 -6 -6 -6
    SIGULAR GUFF DISTRESSED 1256 CONTR -175 -175 -175
    WEST GULF INV STRAT SEC 1250 GAINS 2,000 2,000 2,000
    WEST GULF INV STRAT OTHER INC 276 276 276


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    NUTTER MCCLENNEN & FISH LLP 177,034 132,776   44,258
    KONRAD HOCHEDLINGER (SCIENTIFIC ADV FEES) 10,000 7,500   2,500
    HANNO HOCK (SCIENTIFIC ADV FEES) 10,000 7,500   2,500
    METROCREATE 10,850 8,138   2,712


    TY 2021 TaxesSchedule
    Name:
    SHIPLEY FOUNDATION INC #0755496
    EIN:
    23-7015570
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FED EXCISE TAX 300,000 0   0
    FOREIGN TAX PD SIGULER GUFF BRIC 5,903 0   0
    FOREIGN TAX PD GOLDMAN SACHS 653 75,554 75,554   0
    WEST GULF INVESTMENT STRATEGIES 60 0   0