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

04-6013680
B Telephone number (see instructions)

(617) 426-5600
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$163,844,341J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 770 770  
4 Dividends and interest from securities... 1,193,254 1,193,254  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 17,264,753
b Gross sales price for all assets on line 6a 44,226,874
7 Capital gain net income (from Part IV, line 2)... 17,247,164
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 1,888,552 2,100,801  
12 Total. Add lines 1 through 11........ 20,347,329 20,541,989  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 658,206 98,731   592,324
14 Other employee salaries and wages...... 619,185 24,767   629,318
15 Pension plans, employee benefits....... 316,143 30,565   286,730
16a Legal fees (attach schedule)......... Click to see attachment 4,348 0   4,348
b Accounting fees (attach schedule)....... Click to see attachment 99,224 61,046   33,307
c Other professional fees (attach schedule).... Click to see attachment 948,097 909,146   32,919
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 172,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 198,180 7,927   191,053
21 Travel, conferences, and meetings....... 10,284 411   9,873
22 Printing and publications.......... 600 24   591
23 Other expenses (attach schedule)....... Click to see attachment 1,066,987 910,110   128,451
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 4,093,254 2,042,727   1,908,914
25 Contributions, gifts, grants paid....... 4,892,375 4,982,940
26 Total expenses and disbursements. Add lines 24 and 25 8,985,629 2,042,727   6,891,854
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 11,361,700
b Net investment income (if negative, enter -0-) 18,499,262
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............. 403,545 206,206 206,206
2 Savings and temporary cash investments......... 2,568,460 3,242,878 3,242,878
3 Accounts receivable bullet49,531
Less: allowance for doubtful accounts bullet   46,359 49,531 49,531
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.......... 53,064 15,839 15,839
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 61,248,808 Click to see attachment66,150,084 66,150,084
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).......... 81,654,638 Click to see attachment89,333,664 89,333,664
14 Land, buildings, and equipment: basis bullet253,888
Less: accumulated depreciation (attach schedule) bullet253,888      
15 Other assets (describe bullet) Click to see attachment4,953,966 Click to see attachment4,846,139 Click to see attachment4,846,139
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 150,928,840 163,844,341 163,844,341
Liabilities 17 Accounts payable and accrued expenses.......... 111,075 120,982
18 Grants payable................. 1,490,000 1,305,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment545,806 Click to see attachment603,417
23 Total liabilities (add lines 17 through 22)......... 2,146,881 2,029,399
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........... 35,354,317 43,386,360
25 Net assets with donor restrictions............ 113,427,642 118,428,582
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)..... 148,781,959 161,814,942
30 Total liabilities and net assets/fund balances (see instructions). 150,928,840 163,844,341
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
148,781,959
2
Enter amount from Part I, line 27a .....................
2
11,361,700
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,728,894
4
Add lines 1, 2, and 3 ..........................
4
161,872,553
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
57,611
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
161,814,942
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 Publicly traded securities      
b Capital gain distributions P    
c Distributions in excess of basis P    
d Passthrough K-1 capital gain P    
e Commonfund Capital Private Equity Partners V P 2010-01-01 2021-04-30
Doddington Global Fund P 2012-11-01 2021-06-11
Fir Tree International P 2013-03-01 2021-02-17
Iridian Private Business Value Equity P 2010-01-01 2021-01-31
Park Street Capital Natural Resource Fund III, AIV P 2010-01-01 2021-03-31
Park Street Capital Private Equity Fund V P 2010-01-01 2021-02-04
Park Street Capital Private Equity Fund VI P 2010-01-01 2021-08-24
PSC Luxembourg Holdings P 2010-01-01 2021-12-31
Thomas H. Lee Equity Fund VI Liquidating Trust P 2010-01-01 2021-12-30
Wellington Trust Company P 2010-01-01 2021-01-04
(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 13,360,459   8,061,543 5,298,916
b 1,082,955     1,082,955
c 284,745     284,745
d 13,440,310     13,440,310
e 2,499   30,101 -27,602
5,939,551   5,759,842 179,709
5,292     5,292
7,472,057   9,743,866 -2,271,809
6,132   10,551 -4,419
13,776   15,056 -1,280
20,065   28,649 -8,584
10,166     10,166
837   1,013 -176
2,570,441   3,311,500 -741,059
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       5,298,916
b       1,082,955
c       284,745
d       13,440,310
e       -27,602
      179,709
      5,292
      -2,271,809
      -4,419
      -1,280
      -8,584
      10,166
      -176
      -741,059
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 17,247,164
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........................... 3 257,140
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- ..... 5 257,140
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 96,441
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 270,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 366,441
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 10 109,301
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet109,301 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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part 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 addressbulletwww.hyamsfoundation.org
    14
    The books are in care ofbulletMark Paley Telephone no.bullet (617) 426-5600

    Located atbullet89 South Street Suite 404BostonMA ZIP+4bullet02111
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 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)
    Yes
     
    (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
     
    No
    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)
    Yes
     
    (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
     
    No
    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
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    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
    Penn Loh Board Chair/Trustee
    5.00     		30,000 0 0
    89 South Street Suite 404
    Boston,MA02111
    Lily Mendez-Morgan Co-Chair/Trustee
    2.00     		20,000 0 0
    89 South Street Suite 404
    Boston,MA02111
    Willma Davis Treasurer/Trustee (dec. Aug '21)
    2.00     		10,000 0 0
    89 South Street Suite 404
    Boston,MA02111
    Omar Simmons Treasurer/Trustee
    2.00     		17,000 0 0
    89 South Street Suite 404
    Boston,MA02111
    Iris Gomez Clerk/Trustee
    2.00     		16,000 0 0
    89 South Street Suite 404
    Boston,MA02111
    Julie Goodridge Assist Treasurer/Trustee
    2.00     		16,000 0 0
    89 South Street Suite 404
    Boston,MA02111
    Lucas H Guerra Trustee
    2.00     		16,000 0 0
    89 South Street Suite 404
    Boston,MA02111
    Rahsaan Hall Trustee
    2.00     		19,000 0 0
    89 South Street Suite 404
    Boston,MA02111
    Karen L Mapp Trustee
    2.00     		20,000 0 0
    89 South Street Suite 404
    Boston,MA02111
    Martella Wilson-Taylor Trustee
    2.00     		16,000 0 0
    89 South Street Suite 404
    Boston,MA02111
    Lisa Owens Executive Director
    40.00     		223,838 8,530 0
    89 South Street Suite 404
    Boston,MA02111
    David Moy Deputy Director
    40.00     		254,368 44,711 0
    89 South Street Suite 404
    Boston,MA02111
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    Mark Paley Dir of Admin/Finance
    40.00     		203,000 47,121 0
    89 South Street Suite 404
    Boston,MA02111
    Nahir Torres Sr. Program Officer
    40.00     		126,875 22,092 0
    89 South Street Suite 404
    Boston,MA02111
    Maria Mulkeen Program Officer
    40.00     		107,871 20,241 0
    89 South Street Suite 404
    Boston,MA02111
    Ratchanee Pankam Grants Manager
    40.00     		83,830 25,947 0
    89 South Street Suite 404
    Boston,MA02111
    Jasmine Benjamin 1st pay 814 Program Associate
    40.00     		71,050 351 0
    89 South Street Suite 404
    Boston,MA02111
    Total number of other employees paid over $50,000...................bullet 1
    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
    Cambridge Associates Investment consulting 297,247
    125 High Street
    Boston,MA02110
    Iridian Private Business Value Equity Fund LP Investment management 71,345
    276 Post Road West
    Westport,CT06880
    Fluxx Labs Inc Grant technology services 70,113
    2261 Market Street 4060
    San Francisco,CA94114
    Axiom Investors Investment management 66,716
    33 Benedict Place
    Greenwich,CT06830
    Varadero Capital LP Investment management 59,987
    452 5th Ave 30th Floor
    New York,NY10018
    Total number of others receiving over $50,000 for professional services.............bullet4
    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
    116,088,259
    b
    Average of monthly cash balances.......................
    1b
    2,666,973
    c
    Fair market value of all other assets (see instructions)................
    1c
    37,193,586
    d
    Total (add lines 1a, b, and c).........................
    1d
    155,948,818
    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
    155,948,818
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,339,232
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    153,609,586
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    7,680,479
    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
    7,680,479
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    257,140
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    257,140
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    7,423,339
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    7,423,339
    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
    7,423,339
    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 7,423,339
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 340,413
    b From 2017...... 547,732
    c From 2018...... 284,922
    d From 2019...... 1,001,588
    e From 2020...... 847,069
    f Total of lines 3a through e ........ 3,021,724
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 6,891,854
    a Applied to 2020, 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 2021 distributable amount..... 6,891,854
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 531,485 531,485
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 2,490,239
    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 ..........     		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 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 ......     		2,490,239
    10 Analysis of line 9:
    a Excess from 2017.... 356,660
    b Excess from 2018.... 284,922
    c Excess from 2019.... 1,001,588
    d Excess from 2020.... 847,069
    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 e-mail address of the person to whom applications should be addressed:
    Lisa Owens The Hyams Foundation
    89 South Street Suite 404
    Boston,MA02111
    (617) 426-5600
    Grants@hyamsfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    See https://hyamsfoundation.org/how-to-apply/ for information.
    cAny submission deadlines:
    There are no deadlines.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    See https://hyamsfoundation.org/funding-eligibility/ and https://hyamsfoundation.org/funding-criteria/ for information.
    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
    African Community Economic Development of New England
    48 John Eliot Square
    Boston,MA02119     		N/A PC Youth Ubuntu Project and Community Development Project 35,000
    Alternatives for Community & Environment
    2201 Washington St
    Roxbury,MA02119     		N/A PC Reclaim Roxbury Project, Movement Building Panel, capacity building, and general support 106,000
    American Civil Liberties Union Fdn
    One Center Plz Suite 850
    Boston,MA02108     		N/A PC Grant for Racial Justice Program 45,000
    Asian American Resource Workshop
    42 Charles St A
    Boston,MA02122     		N/A PC Building panel and design, Dorchester Not for Sale project, and general support 100,500
    Association Black Fdn Exec
    55 Exchange Place
    New York,NY10005     		N/A PC General support 2,500
    AYNI Institute
    19 Meridian Street
    Boston,MA02128     		N/A PC Neighbors United for a Better East Boston (NUBE) 30,000
    Black Economic Council of Massachusetts
    1 Beacon Street
    Boston,MA02108     		N/A PC Participation on the Foundation's Field Building Design Team 25,000
    Black Economic Justice Institute
    64 Starbird Ave
    Roslindale,MA02131     		N/A PC General support 40,000
    Boston Affordable Housing Coalition
    42 Seaverns Ave
    Jamaica Plain,MA02130     		N/A PC General support 35,000
    Boston Alliance of Gay and Lesbian Youth
    28 Court Square
    Boston,MA02108     		N/A PC Massachusetts Transgender Political Coalition's initiatives and general support 70,000
    Boston Foundation Inc
    75 Arlington Street
    Boston,MA02116     		N/A PC Home Funders Management and Convening, Asian Community Fund, and King Boston Co-coordinating Field Building Design Team 100,000
    Boston Impact Initiative Fund
    14 Chestnut Pl
    Jamaica Plain,MA02130     		N/A PC General support 75,000
    Boston Neighborhood Community Land Trust
    550 Dudley Street
    Roxbury,MA02119     		N/A PC Boston Community Land Trust Network Panel and general support 35,500
    Boston Private Industry Council
    2 Oliver St
    Boston,MA02109     		N/A PC Youth Transitions Task Force 45,000
    Boston Tenant Coalition Inc
    11 Beacon Street
    Boston,MA02108     		N/A PC General support 50,000
    Brazilian Women's Group
    697 Cambridge St Suite 106
    Brighton,MA02135     		N/A PC General support 35,000
    Brazilian Worker Center Inc
    14 Harvard Ave
    Allston,MA02134     		N/A PC General support 50,000
    CAIR-MA Inc
    123 South Street
    Boston,MA02111     		N/A PC General support 30,000
    Center for Economic Democracy
    769 Centre Street
    Boston,MA02130     		N/A PC Boston Ujima, Center for Cooperative Development and Solidarity, Solidarity Economy Initiative, and general support 235,000
    Center for Labor Educ & Research
    375 Centre Street
    Boston,MA02130     		N/A PC Massachusetts TPS Committee and general support 115,000
    Centro Presente Inc
    12 Bennington St 202
    Boston,MA02128     		N/A PC General support 45,000
    Chinatown Community Land Trust Inc
    28 Ash Street
    Boston,MA02111     		N/A PC Boston Community Land Trust Network Panel and general support 40,500
    Chinese Progressive Assoc
    28 Ash Street
    Boston,MA02111     		N/A PC General support 100,500
    Citizens for Juvenile Justice
    44 School Street Suite 415
    Boston,MA02108     		N/A PC General support 55,000
    CommonWealth Kitchen
    196 Quincy S
    Dorchester,MA02121     		N/A PC General support 50,000
    Community Labor United Inc
    8 Beacon St
    Boston,MA02108     		N/A PC New England United for Justice project and general support 175,500
    Confluence Philanthropy Inc
    54 West 40th Street
    New York,NY10018     		N/A PC Development of racial equity programming and general support 20,000
    Congregation Lion of Judah
    20 Reed St
    Boston,MA02118     		N/A PC Agencia ALPHA Project 45,000
    Dudley Street Neighborhood Initiative
    504 Dudley St
    Roxbury,MA02119     		N/A PC Boston Community Land Trust Network Panel and general support 65,500
    Educators 4 Excellence
    80 Pine Street Floor 28
    New York,NY10018     		N/A PC Educators for Excellence Boston Chapter and general support 25,000
    Families for Justice as Healing
    100R Warren Street
    Roxbury,MA02119     		N/A PC General support 45,000
    Fenway Community Development Corporation
    70 Burbank Street
    BOSTON,MA02115     		N/A PC Countering Displacement and Gentrification Project 35,000
    Foundation Financial Officers Group Inc
    19 Mantua Rd
    Mt Royal,NJ08061     		N/A PC General support 1,550
    Friends of St Stephen's Youth Program
    149 Shawmut Avenue
    Boston,MA02118     		N/A PC St. Stephen's Collaborative Organizing Project 40,000
    Grantmakers Concerned with Immigrants & Refugees
    PO Box 2178
    Petaluma,CA94953     		N/A PC General support 2,500
    Grantmakers for Effective Organizations
    1310 L Street NW
    Washington,DC20005     		N/A PC General support 2,090
    Greater Boston Interfaith Organization
    1803 Dorchester Avenue
    Boston,MA02124     		N/A PC General support 55,000
    GreenRoots
    227 Marginal Street
    Chelsea,MA02150     		N/A PC General support 55,000
    Health Resources in Action
    95 Berkeley St 2nd Fl
    Boston,MA02116     		N/A PC CPLAN Project 25,000
    Immigrant Family Services Institute
    1626 Blue Hill Avenue
    Mattapan,MA02126     		N/A PC Special Education Initiative and general support 65,000
    Justice At Work
    33 Harrison Avenue
    Boston,MA02111     		N/A PC General support 40,000
    Justice Funders
    436 14th St Ste 700
    Oakland,CA94612     		N/A PC 2021-2022 Institutional Membership Dues 2,500
    La Colaborativa (Chelsea Collaborative)
    318 Broadway
    Chelsea,MA02150     		N/A PC Strengthening Housing Supports in Chelsea and general support 100,000
    Lawyers for Civil Rights
    61 Batterymarch Street
    Boston,MA02110     		N/A PC General support 50,000
    Mass Senior Action Council Inc
    108 Myrtle Street
    Quincy,MA02171     		N/A PC General support 60,000
    Massachusetts Advocates for Children
    25 Kingston Street
    Boston,MA02111     		N/A PC General support 40,000
    Massachusetts Affordable Housing
    1803 Dorchester Avenue
    Dorchester,MA02124     		N/A PC Home Ownership Justice Vision Project 35,000
    Massachusetts Budget & Policy Center
    1 State Street Suite 1250
    Boston,MA02109     		N/A PC Delivering on Equity Project and general support 165,000
    Massachusetts Coalition for Occupational Safety and Health
    42 Charles Street Suite D
    Dorchester,MA02122     		N/A PC General support 65,000
    Massachusetts Communities Action Network
    14 Cushing Avenue
    Boston,MA02125     		N/A PC I Have a Future Program and general support 255,000
    Massachusetts Immigrant & Refugee Advocacy
    105 Chauncy Street
    Boston,MA02111     		N/A PC General support 75,000
    Massachusetts Law Reform Institute
    40 Court Street
    Boston,MA02108     		N/A PC Housing Justice Through Community Empowerment, Engagement, and Eviction Defense 50,000
    Massachusetts Legal Assistance Corporation
    40 Court Street
    Boston,MA02108     		N/A PC The Greater Boston Immigrant Defense Fund 75,000
    Massachusetts Nonprofit Network
    2 Atlantic Avenue
    Boston,MA02110     		N/A PC General support 350
    Massachusetts Voter Education Network
    41 West Street
    Boston,MA02121     		N/A PC Democracy Hub Initiative and general support 125,000
    Mission Investors Exchange
    105 W 86th St
    New York,NY10024     		N/A PC General support 3,000
    Muslim Justice League
    8th Floor
    Boston,MA02111     		N/A PC General support 50,000
    National Committee for Responsive Philant
    1900 L Street NW
    Washington,DC20036     		N/A PC General support 3,000
    Neighbor to Neighbor MA Ed Fund Inc
    15 Court Square
    Boston,MA02108     		N/A PC General support 50,000
    Neighborhood Funders Group Inc
    548 Market Street 95631
    Oakland,CA94612     		N/A PC General support 11,250
    NEO Philanthropy
    45 W 36th St 6th floor
    New York,NY10018     		N/A PC General support 3,000
    New Venture Fund
    1828 L Street NW Suite 300A
    Washington,DC20036     		N/A PC Communities for Just Schools Fund (CJSF) 35,000
    North American Indian Center of Boston
    105 South Huntington Avenue
    Jamaica Plain,MA02130     		N/A PC Black and Indigenous Resistance Fund 75,000
    PEAK Grantmaking
    1701 Pennsylvania Avenue NW
    Washington,DC20006     		N/A PC General support 2,000
    Philanthropy Massachusetts
    133 Federal Street Suite 802
    Boston,MA02110     		N/A PC General support 91,000
    Project RIGHT Inc
    320A Blue Hill Avenue
    Dorchester,MA02121     		N/A PC General support 25,000
    Proteus Fund
    15 Research Drive
    Amherst,MA01002     		N/A PC RISE Together Fund 25,000
    Resist
    PO Box 301240
    Jamaica Plain,MA02130     		N/A PC Student Immigrant Movement, Boston Education Justice Alliance Project, and New England Sustainer Learning Circles 115,000
    Right to the City Alliance
    388 Atlantic Avenue
    Brooklyn,NY11217     		N/A PC Promoting Wellness to Organizing and general support 125,500
    Schott Foundation for Public Education
    One Mifflin Place
    Cambridge,MA02138     		N/A PC Massachusetts Gateway City Strategy for Education Justice and Just Relationships: A Funder Series 55,000
    Social and Environmental Entrepreneurs
    23564 Calabasas Road Suite 201
    Calabasas,CA91302     		N/A PC General support 5,000
    Sociedad Latina Inc
    1530 Tremont Street
    Boston,MA02120     		N/A PC General support 30,000
    Solidaire
    1423 Broadway 314
    Oakland,CA94612     		N/A PC General support 50,000
    The Center for Teen Empowerment Inc
    384 Warren St
    Boston,MA02118     		N/A PC Grant for general support 45,000
    The Center for the Study of Public Policy
    384 Warren St
    Boston,MA02118     		N/A PC Boston Jobs Coalition Project 40,000
    The City School Inc
    614 Columbus Avenue
    Boston,MA02118     		N/A PC General support 115,000
    The Lenny Zakim Fund Inc
    33 Arch Street 26th Floor
    Boston,MA02110     		N/A PC General support 50,000
    Third Sector New England Inc
    89 South St Ste 700
    Boston,MA02111     		N/A PC Center for Support Immigrant Organizing, DS4SI, Voter Table Project, and general support 240,000
    Tides Center FOR EPIP
    1012 Torney Avenue
    San Francisco,CA941291755     		N/A PC TIDES/EPIP 0669 NEW YORK NY 150
    United Negro College Fund Inc
    1805 7th Street NW
    Washington,DC20001     		N/A PC General support 28,050
    Urban Revival Inc
    284 Amory Street
    Jamaica Plain,MA02130     		N/A PC Homes For All Massachusetts and general support 265,500
    Utec Inc
    35 Warren St
    LOWELL,MA01852     		N/A PC Teens Leading the Way 60,000
    Vietnamese American Initiative for Development
    42 Charles Street
    Dorchester,MA02122     		N/A PC Nail Salon Project 35,000
    Youth Policy Institute of Iowa
    6200 Aurora Avenue
    Urbandale,IA50322     		N/A PC Youth Transitions Funders Group and general support 5,000
    Total .................................bullet 3a 4,982,940
    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 ...........     		    14 770  
    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 ............     		525990 17,589 18 17,247,164  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aAlternative investment dividends     		    14 527,552  
    bPartnership income 525990 -218,998 14 1,526,190  
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) .. -201,409 20,494,930 53,808
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    20,347,329
    (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.)
    1a Interest earned from loans to low-income housing development projects and other program related investments which further the Foundation's mission of increasing economic, racial and social justice and power within low-income communities in Boston and Chelsea, Massachusetts.
    Form 990-PF (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
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    Form 990-PF (2021)
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    TY 2021 AccountingFeesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax compliance 13,000 5,000   6,500
    Accounting services 32,144 20,894   11,701
    Audit services 54,080 35,152   15,106

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    TY 2021 ExpenditureResponsibilityStmt
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    Home Funders Collaborative LLC
          		75 Arlington St
    Boston,MA02116     		2003-06-26 3,007,500 The purpose of this program related investment is to make predevelopment and permanent financing loans to qualifying low-income housing developments.Detail of the dates and PRI amounts in the totals above:Date Amount06/26/2003 $ 7,50010/31/2004 $ 135,00012/31/2004 $ 525,00010/31/2005 $ 162,50003/31/2006 $ 450,00005/31/2006 $ 120,00002/28/2007 $ 225,00003/31/2007 $ 202,50006/30/2007 $ 240,00010/29/2008 $ 540,00001/08/2009 $ 400,000   To the knowledge of the Foundaton, the funds from the investment have been u Latest reports received: 04/25/17, 10/09/18, 07/11/19, 05/14/20, 04/29/21, a   Home Funders has submitted complete reports since December of 2003 of the type ordinarily required by commercial investors under similar circumstances, including annual audited financial statements. This investment remained on the Foundations books as of 12/31/21.

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    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    From Sch K-1 (Form 1065)   Purchased     17,589   Cost 0 17,589  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Name of Stock End of Year Book Value End of Year Fair Market Value
    480 3M Co 85,262 85,262
    215 Adobe Inc 121,918 121,918
    325 Advance Auto Parts Inc 77,961 77,961
    515 Agilent Technologies Inc 82,220 82,220
    110 Alphabet Inc Cl C 318,295 318,295
    365 American Water Works Co Inc 68,934 68,934
    230 Ameriprise Financial, Inc. 69,382 69,382
    325 Analog Devices Inc 57,125 57,125
    240 Aon PLC Shs Cl A 72,134 72,134
    2,200 Apple Inc 390,654 390,654
    615 Applied Materials Inc 96,776 96,776
    375 Aptar Group Inc 45,930 45,930
    48,471 Ariel Fund Inst Class 4,051,696 4,051,696
    211 Biogen Inc 50,623 50,623
    28 Booking Holdings Inc 67,178 67,178
    112,868 Brown Capital Management International Small Company Fund Inst 3,145,635 3,145,635
    1,550 Carrier Global Corporation 84,072 84,072
    845 Cerner Corporation 78,475 78,475
    1,275 Ciena Corp 98,137 98,137
    1,880 Citigroup Inc 113,533 113,533
    235 CME Group Inc 53,688 53,688
    690 Colgate Palmolive Co 58,885 58,885
    236,744 Community Impact Bond Fund Institutional Class 2,490,550 2,490,550
    355 Cummins Inc 77,440 77,440
    265 Danaher Corp 87,188 87,188
    257,836 DoubleLine Total Return Bond Fund Class I 2,681,492 2,681,492
    227 Ecolab Inc 53,252 53,252
    938 Emerson Electric Co 87,206 87,206
    955 First Solar Inc 83,238 83,238
    1,910 Hannon Armstrong Sustainable 101,459 101,459
    245 Home Depot Inc 101,677 101,677
    185 Intuit Inc 118,996 118,996
    1,210 KB Home 54,123 54,123
    2,925 Kimco Realty Corp 72,101 72,101
    193 Lauder Estee Cos Inc Cl A 71,449 71,449
    710 Magna Intl Inc Cl A 57,467 57,467
    902 McCormick & Co Inc Non-voting Shares 87,142 87,142
    1,135 Merck Co Inc 86,986 86,986
    1,120 Micron Technology Inc 104,328 104,328
    1,389 Microsoft Corp 467,148 467,148
    360 Mohawk Inds Inc 65,585 65,585
    1,105 Mondelez International W I 73,273 73,273
    1,830 Morgan Stanley 179,633 179,633
    194 Netflix Inc 116,873 116,873
    985 New York Times Co 47,576 47,576
    710 Novo Nordisk AS ADR 79,520 79,520
    465 PNC Financial Services Group Inc 93,242 93,242
    600 PVH Corp 63,990 63,990
    135 Regeneron Pharmaceuticals Inc 85,255 85,255
    348 Salesforce Inc 88,437 88,437
    2,215 Sprouts Farmers Markets Inc 65,741 65,741
    415 T Rowe Price Group Inc 81,606 81,606
    404 Target Corp 93,502 93,502
    430 The Walt Disney Co 66,603 66,603
    1,210 TJX Companies Inc 91,863 91,863
    288 TopBuild Corp 79,462 79,462
    1,526 Vanguard Balanced Index Fund Admiral Shares 74,795 74,795
    152,521 Vanguard Inflation-Protected Securities Fund Admiral Shares 4,337,684 4,337,684
    40,180 Vanguard Institutional Index Fund Institutional Shares 16,304,843 16,304,843
    932,100 Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares 9,274,392 9,274,392
    916,624 Vanguard Intermediate-Term Treasury Fund Admiral Shares 10,367,016 10,367,016
    2,021 Verizon Communications Inc 105,011 105,011
    325 Vertex Pharmaceuticals Inc 71,370 71,370
    825 Visa Inc Cl A 178,786 178,786
    753 Wabtec Corporation 69,359 69,359
    140 Waters Corporation 52,164 52,164
    329,012 Wellington CTF Global Impact Portfolio 7,692,300 7,692,300
    1,905 Weyerhaeuser Co 78,448 78,448

    TY 2021 InvestmentsOtherSchedule2
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    57 Stars Global Opportunity Fund 3 Blocker (Cayman), L.P. FMV 1,099,628 1,099,628
    AACP Tax Exempt Investors II, L.P. FMV 708,956 708,956
    AACP Tax-Exempt Investors III, L.P. FMV 576,478 576,478
    AACP Tax-Exempt Investors V, L.P. FMV 916,814 916,814
    Arrowstreet Capital Global FMV 8,417,686 8,417,686
    Asia Alternatives Delaware III, LP FMV 24,359 24,359
    Asia Alternatives Delaware V, LP FMV 80,265 80,265
    Auldbrass Partners Secondary Opportunity Fund II, L.P. FMV 1,686,429 1,686,429
    Auldbrass Partners Secondary Opportunity Fund III, L.P. FMV 112,182 112,182
    Avanath Affordable Housing IV, LLC FMV 501,102 501,102
    Axiom International Equity Fund II FMV 9,484,443 9,484,443
    Base10 Advancement Initiative I LP FMV 1,209,001 1,209,001
    Brightwood Capital Fund IV-U, LP FMV 1,811,990 1,811,990
    CA Resources Fund L.P. - Series Bain X FMV 170,142 170,142
    Commonfund Capital International Partners VI LP FMV 148,253 148,253
    Commonfund Capital Natural Resources Partners IX, L.P. FMV 833,084 833,084
    Commonfund Capital Natural Resources Partners VII L P FMV 103,677 103,677
    Commonfund Capital Venture Partners VI LP FMV 78,171 78,171
    Commonfund Capital Venture Partners VII L P FMV 190,067 190,067
    Commonfund Capital Venture Partners VIII L P FMV 509,886 509,886
    Dover Street IX Cayman Fund L.P. FMV 815,612 815,612
    Dover Street VIII Cayman Fund L.P. FMV 100,094 100,094
    Endowment Venture Partners V, L.P. FMV 27,405 27,405
    Genesis Emerging Markets, L .P. FMV 7,524,882 7,524,882
    Grain Communications Opportunity Fund II, L.P. FMV 2,271,545 2,271,545
    Iridian Private Business Value Equity Fund, LP FMV 7,472,057 7,472,057
    Japan Chickadee Fund Ltd. FMV 1,666,758 1,666,758
    Kabouter International Opportunities Fund II, LLC FMV 4,723,762 4,723,762
    Knighthead Offshore Fund, Ltd. FMV 15,951 15,951
    LCP VII (Offshore), L.P. FMV 283,274 283,274
    Legacy Venture V (QP), LLC FMV 1,477,487 1,477,487
    Legacy Venture VI (QP), LLC FMV 2,797,885 2,797,885
    Metropolitan Real Estate Partners Global II, L.P. FMV 49,387 49,387
    Metropolitan Real Estate Partners Global IV, L.P. FMV 135,565 135,565
    Metropolitan Real Estate Partners International II, L.P. FMV 44,115 44,115
    Metropolitan Real Estate Partners IV-A, L.P. FMV 188,399 188,399
    Park Street Capital Natural Resource Fund II, L.P. FMV 61,270 61,270
    Park Street Capital Natural Resource Fund III, L.P. FMV 450,472 450,472
    Park Street Capital Natural Resource Fund IV, L.P. FMV 149,711 149,711
    Park Street Capital Natural Resource Fund V, L.P. FMV 605,654 605,654
    Park Street Capital Private Equity Fund IX, L.P. FMV 518,096 518,096
    Park Street Capital Private Equity Fund VII, L.P. FMV 20,124 20,124
    Park Street Capital Private Equity Fund VIII, L.P. FMV 443,085 443,085
    Park Street Capital Private Equity Fund X, L.P. FMV 1,366,567 1,366,567
    Pennant Windward Fund, Ltd. FMV 326,432 326,432
    Preserver, L.P. FMV 3,631,881 3,631,881
    Siguler Guff Distressed Opportunities Fund III, LP FMV 177,145 177,145
    Siguler Guff Distressed Opportunities Fund IV, LP FMV 328,006 328,006
    SJF Ventures IV, L.P. FMV 1,173,819 1,173,819
    The Overlook Partners Fund, L.P. FMV 6,623,221 6,623,221
    The Sanderson International Value Fund FMV 5,701,874 5,701,874
    TrueBridge-Kauffman Fellows Endowment Fund III, L.P. FMV 2,701,316 2,701,316
    TrueBridge-Kauffman Fellows Endowment Fund IV, L.P. FMV 3,395,579 3,395,579
    Varadero International, Ltd FMV 3,402,621 3,402,621

    TY 2021 LegalFeesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General governance and counsel 4,348 0   4,348


    TY 2021 OtherAssetsSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    PRI - Boston Impact Initiative 470,000 470,000 470,000
    PRI - Center for Economic Democaracy Inc 100,000 100,000 100,000
    MRI - ETODAF LLC 1,500,000 1,500,000 1,500,000
    PRI - Home Funders Collaborative LLC 2,883,966 2,776,139 2,776,139


    TY 2021 OtherDecreasesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Description Amount
    Change in deferred tax liability 57,611


    TY 2021 OtherExpensesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Partnership expenses 940,851 893,434   0
    Internet 2,449 98   2,499
    Computer maintenance 2,234 89   2,386
    Web design & maintenance 9,800 392   9,408
    Postage & delivery fees 1,319 53   1,298
    Office expense 8,356 334   9,006
    Telephone 6,725 269   6,456
    Insurance 4,433 177   4,256
    Bank fees 340 14   326
    Payroll fees 4,045 162   3,883
    Financial management software 15,572 15,088   0
    Grant management software 70,863 0   88,933


    TY 2021 OtherIncomeSchedule2
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Interest from PRI/MRIs 53,808 53,808 53,808
    Alternative investment dividends 527,552 527,552 527,552
    Partnership income 1,307,192 1,519,441 1,307,192


    TY 2021 OtherIncreasesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Description Amount
    Unrealized appreciation in value of investments 1,728,894


    TY 2021 OtherLiabilitiesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Description Beginning of Year - Book Value End of Year - Book Value
    Cumulative deferred excise tax 545,806 603,417


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Philanthropic consulting 29,949 0   32,919
    Investment and custodial fees 918,148 909,146   0


    TY 2021 TaxesSchedule
    Name:
    The Hyams Foundation Inc
    EIN:
    04-6013680
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise tax 172,000 0   0