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 GEORGE I ALDEN TRUST
C/O FLETCHER TILTON & WHIPPLE PC
Number and street (or P.O. box number if mail is not delivered to street address)370 MAIN STREET - 11TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WORCESTER, MA016081714
A Employer identification number

04-6023784
B Telephone number (see instructions)

(508) 459-8005
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$267,804,218J 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 16,535 16,535  
4 Dividends and interest from securities... 5,285,322 5,285,322  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 39,569,840
b Gross sales price for all assets on line 6a 76,174,472
7 Capital gain net income (from Part IV, line 2)... 39,569,840
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 655,804 655,804  
12 Total. Add lines 1 through 11........ 45,527,501 45,527,501  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 600,000 300,000   300,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 31,637 31,637   0
c Other professional fees (attach schedule).... Click to see attachment 1,179,608 1,179,608   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 711,930 411,930   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 23,125 11,563   11,562
21 Travel, conferences, and meetings....... 5,104 5,104   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 321,312 321,312   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,872,716 2,261,154   311,562
25 Contributions, gifts, grants paid....... 11,285,000 11,285,000
26 Total expenses and disbursements. Add lines 24 and 25 14,157,716 2,261,154   11,596,562
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 31,369,785
b Net investment income (if negative, enter -0-) 43,266,347
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............. 8,346,096 13,932,264 13,932,264
2 Savings and temporary cash investments.........      
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)....... 114,421,337 Click to see attachment126,608,527 183,697,828
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).......... 57,170,943 Click to see attachment71,509,957 70,174,126
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) 179,938,376 212,050,748 267,804,218
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable................. 5,920,000 4,620,000
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)    
23 Total liabilities (add lines 17 through 22)......... 5,920,000 4,620,000
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........... 172,018,376 205,430,748
25 Net assets with donor restrictions............ 2,000,000 2,000,000
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)..... 174,018,376 207,430,748
30 Total liabilities and net assets/fund balances (see instructions). 179,938,376 212,050,748
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
174,018,376
2
Enter amount from Part I, line 27a .....................
2
31,369,785
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,892,916
4
Add lines 1, 2, and 3 ..........................
4
208,281,077
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
850,329
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
207,430,748
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 HIGHCLERE INTL INVESTORS P 2021-12-31 2021-12-31
b HIGHCLERE INTL INVESTORS P 2021-12-31 2021-12-31
c KILTEARN GLOBAL EQUITY FUND P 2021-12-31 2021-12-31
d KILTEARN GLOBAL EQUITY FUND P 2021-12-31 2021-12-31
e MONDRIAN INTL SMALL CAP EQUIT P 2021-12-31 2021-12-31
MONDRIAN INTL SMALL CAP EQUIT P 2021-12-31 2021-12-31
MONDRIAN EMERGING MARKETS SMALL CAP EQUITY FUND P 2021-12-31 2021-12-31
MONDRIAN EMERGING MARKETS SMALL CAP EQUITY FUND P 2021-12-31 2021-12-31
STATE STREET BANK & TRUST CO - WESTFIELD P 2021-12-31 2021-12-31
STATE STREET BANK & TRUST CO - WESTFIELD P 2021-12-31 2021-12-31
FTW & CO - ALPINE P 2021-12-31 2021-12-31
FIDELITY P 2021-12-31 2021-12-31
WATER PROPERTY INVESTOR II LP P 2021-12-31 2021-12-31
WATER PROPERTY INVESTOR II LP P 2021-12-31 2021-12-31
WAM GLOBAL WATER EQUITY P 2021-12-31 2021-12-31
WAM GLOBAL WATER EQUITY P 2021-12-31 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 654,839     654,839
b 1,230,166     1,230,166
c 67,025     67,025
d 794,937     794,937
e 290,241     290,241
1,556,045     1,556,045
41,286     41,286
3,282,343     3,282,343
22,918,007   18,252,852 4,665,155
19,407,951   9,922,762 9,485,189
290,190   194,142 96,048
16,000,000   8,234,786 7,765,214
    90 -90
2,188     2,188
1,420,629     1,420,629
665,606     665,606
7,553,019     7,553,019
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       654,839
b       1,230,166
c       67,025
d       794,937
e       290,241
      1,556,045
      41,286
      3,282,343
      4,665,155
      9,485,189
      96,048
      7,765,214
      -90
      2,188
      1,420,629
      665,606
      7,553,019
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 39,569,840
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........................... 3 601,402
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- ..... 5 601,402
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 606,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 606,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 2,923
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 2,075
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet2,075 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 addressbulletWWW.ALDENTRUST.ORG
    14
    The books are in care ofbulletJAMES E COLLINS TRUSTEE Telephone no.bullet (508) 459-8005

    Located atbullet370 MAIN STREETWORCESTERMA ZIP+4bullet016081714
    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
    WARNER S FLETCHER TRUSTEE
    25.00     		150,000 0 0
    370 MAIN STREET
    WORCESTER,MA01608
    JAMES E COLLINS TRUSTEE
    20.00     		150,000 0 0
    370 MAIN STREET
    WORCESTER,MA01608
    GAIL T RANDALL TRUSTEE
    20.00     		150,000 0 0
    370 MAIN STREET
    WORCESTER,MA01608
    DOUGLAS MEYSTRE TRUSTEE
    20.00     		150,000 0 0
    370 MAIN STREET
    WORCESTER,MA01608
    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
    WESTFIELD INVESTMENT MANGEMENT 491,422
    1 FINANCIAL CENTER
    BOSTON,MA02111
    HIGHCLERE INTL INVESTORS INVESTMENT MANGEMENT 221,095
    8 WRIGHT STREET SUITE 107
    WESTPORT,CT06880
    KILTEARN PARTNERS INC INVESTMENT MANGEMENT 154,045
    733 WASHINGTON ROAD
    PITTSBURGH,PA15228
    MONDRIAN EMERGING MARKETS SMALL CAP INVESTMENT MANGEMENT 139,991
    1100 N MARKET STREET SUITE 4001
    WILMINGTON,DE19890
    MONDRIAN INTERNATIONAL SMALL CAP INVESTMENT MANGEMENT 88,636
    1105 N MARKET STREET SUITE 1300
    WILMINGTON,DE19801
    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
    256,100,614
    b
    Average of monthly cash balances.......................
    1b
    16,246,485
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    272,347,099
    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
    272,347,099
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    4,085,206
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    268,261,893
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    13,413,095
    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
    13,413,095
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    601,402
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    601,402
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    12,811,693
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    12,811,693
    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
    12,811,693
    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 12,811,693
    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......  
    b From 2017...... 619,326
    c From 2018......  
    d From 2019...... 573,324
    e From 2020...... 489,014
    f Total of lines 3a through e ........ 1,681,664
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 11,596,562
    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..... 11,596,562
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 1,215,131 1,215,131
    (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 5 466,533
    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 ......     		466,533
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020.... 466,533
    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:
    TRUSTEES OF THE GEORGE I ALDEN TRUS
    C/O FLETCHER TILTON WHIPPLE - 370
    MAIN STREET
    WORCESTER,MA01608
    (508) 459-8005
    TRUSTEES@ALDENTRUST.ORG
    bThe form in which applications should be submitted and information and materials they should include:
    ANY LETTER FORM
    cAny submission deadlines:
    PROPOSALS ARE DUE THE 15TH OF THE MONTH PRECEDING QUARTERLY DISTRIBUTION MEETINGS.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    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
    ABBY KELLEY FOSTER HOME
    52 HIGH STREET
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 50,000
    ABBY KELLEY FOSTER HOME - ANNUAL CAMPAIGN
    52 HIGH STREET
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 25,000
    ALBRIGHT COLLEGE
    1621 N 13TH ST
    READING,PA19604     		    TO FURTHER EDUCATION 125,000
    AMERICAN ANTIQUARIAN SOCIETY
    185 SAILSBURY ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 25,000
    AMERICAN RED CROSS
    2000 CENTURY DR
    WORCESTER,MA01606     		    TO FURTHER EDUCATION 200,000
    AMERICAN RED CROSS OF MASSACHUSETTS
    2000 CENTURY DR
    WORCESTER,MA01606     		    TO FURTHER EDUCATION 25,000
    ANNA MARIA COLLEGE
    50 SUNSET LANE
    PAXTON,MA01612     		    TO FURTHER EDUCATION 50,000
    ART IN THE PARK CO ARTS & BUSINESS COUNCIL OF BOSTON
    15 CHANNEL CENTER ST UNIT 103
    BOSTON,MA02210     		    TO FURTHER EDUCATION 15,000
    ARTSWORCESTER
    44 PORTLAND STREET
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 25,000
    ASSUMPTION UNIVERSITY
    500 SALISBURY STREET
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 50,000
    ATTLEBORO YMCA
    63 N MAIN STREET
    ATTLEBORO,MA02703     		    TO FURTHER EDUCATION 125,000
    BANCROFT SCHOOL
    110 SHORE DRIVE
    WORCESTER,MA01605     		    TO FURTHER EDUCATION 50,000
    BARD COLLEGE
    30 CAMPUS ROAD
    ANNANDALEONHUDSON,NY12504     		    TO FURTHER EDUCATION 150,000
    BATES COLLEGE
    2 ANDREWS RD
    LEWISTON,ME04240     		    TO FURTHER EDUCATION 150,000
    BERKSHIRE YMCA
    292 NORTH ST
    PITTSFIELD,MA01201     		    TO FURTHER EDUCATION 150,000
    BIG BROTHERS BIG SISTERS OF CENTRAL MASS
    18 CHESTNUT ST SUITE 340
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 15,000
    BOWDOIN COLLEGE
    255 MAINE ST
    BRUNSWICK,ME04011     		    TO FURTHER EDUCATION 150,000
    BOYS AND GIRLS CLUB OF BURLINGTON
    62 OAK ST
    BURLINGTON,VT05401     		    TO FURTHER EDUCATION 15,000
    BOYS AND GIRLS CLUB OF WORCESTER
    65 BOYS AND GIRLS CLUB WAY
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 50,000
    OLD COLONY YMCA
    320 MAIN ST
    BROCKTON,MA02301     		    TO FURTHER EDUCATION 130,000
    CATHEDRAL CHURCH OF SAINT PAUL
    38 HIGH ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 25,000
    CENTER FOR NONVIOLENT SOLUTIONS
    901 PLEASANT ST
    WORCESTER,MA01602     		    TO FURTHER EDUCATION 15,000
    CENTRAL MASSACHUSETTS HOUSING ALLIANCE
    6 INSTITUTE RD
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 15,000
    CHAMPLAIN COLLEGE
    163 WILLARD ST
    BURLINGTON,VT05401     		    TO FURTHER EDUCATION 100,000
    CLARK UNIVERSITY
    950 MAIN ST
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 50,000
    CLARK UNIVERSITY
    950 MAIN ST
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 400,000
    CLEMENTE PROGRAM
    55 SALISBURY ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 15,000
    COLLEGE OF THE HOLY CROSS
    1 COLLEGE ST
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 50,000
    COMMUNITY HARVEST PROJECT
    37 WHEELER RD
    NORTH GRAFTON,MA01536     		    TO FURTHER EDUCATION 15,000
    COMMUNITY LEGAL AID
    405 MAIN ST
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 15,000
    CURRY COLLEGE
    1071 BLUE HILL AVE
    MILTON,MA02186     		    TO FURTHER EDUCATION 100,000
    DETECTOGETHER
    53 OTIS ST
    WESTBOROUGH,MA01581     		    TO FURTHER EDUCATION 15,000
    DICKINSON COLLEGE
    28 N COLLEGE ST
    CARLISLE,PA17013     		    TO FURTHER EDUCATION 120,000
    DISMAS HOUSE OF MASSACHUSETTS INC
    30 RICHARDS ST
    WORCESTER,MA01603     		    TO FURTHER EDUCATION 15,000
    ECOTARIUM
    222 HARRINGTON WAY
    WORCESTER,MA01604     		    TO FURTHER EDUCATION 50,000
    ECOTARIUM
    222 HARRINGTON WAY
    WORCESTER,MA01604     		    TO FURTHER EDUCATION 500,000
    EDWARD STREET CHILD SERVICES
    50 PORTLAND ST
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 50,000
    ELDER SERVICES OF WORCESTER AREA
    67 MILBROOK ST 100
    WORCESTER,MA01606     		    TO FURTHER EDUCATION 15,000
    EMERSON COLLEGE
    120 BOYLSTON ST
    BOSTON,MA02116     		    TO FURTHER EDUCATION 114,000
    FAMILY HEALTH CARE CENTER OF WORCESTER
    26 QUEEN ST
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 100,000
    FELICIAN UNIVERSITY
    ONE FELICIAN WAY
    RUTHERFORD,NJ07070     		    TO FURTHER EDUCATION 150,000
    FRIENDLY HOUSE INC
    36 WALL ST
    WORCESTER,MA01604     		    TO FURTHER EDUCATION 50,000
    GANNON UNIVERSITY
    109 UNIVERSITY SQUARE
    ERIE,PA16541     		    TO FURTHER EDUCATION 110,000
    GENESIS CLUB INC
    274 LINCOLN ST
    WORCESTER,MA01605     		    TO FURTHER EDUCATION 15,000
    GIRLS INC OF WORCESTER
    125 PROVIDENCE ST
    WORCESTER,MA01604     		    TO FURTHER EDUCATION 50,000
    GREATER WORCESTER LAND TRUST
    4 ASH ST
    WORCESTER,MA01604     		    TO FURTHER EDUCATION 15,000
    GUILD OF ST AGNES
    129 GRANITE ST
    WORCESTER,MA01604     		    TO FURTHER EDUCATION 50,000
    HABITAT FOR HUMANITY GR WORCESTER
    640 LINCOLN ST
    WORCESTER,MA01605     		    TO FURTHER EDUCATION 15,000
    HAMPSHIRE YMCA
    286 PROSPECT ST
    NORTHAMPTON,MA01060     		    TO FURTHER EDUCATION 100,000
    HARTWICK COLLEGE
    1 HARTWICK DR
    ONEONTA,NY13820     		    TO FURTHER EDUCATION 125,000
    IMMACULATA UNIVERSITY
    1145 WEST KING RD
    IMMACULATA DR,PA19345     		    TO FURTHER EDUCATION 100,000
    INTERFAITH HOSPITALITY NETWORK OF GREATER WORCESTER
    91 JUNE ST
    WORCESTER,MA01602     		    TO FURTHER EDUCATION 15,000
    JEREMIAH'S INN
    1059 MAIN ST
    WORCESTER,MA01603     		    TO FURTHER EDUCATION 25,000
    JUNIATA COLLEGE
    1700 MOORE ST
    HUNTINGDON,PA16652     		    TO FURTHER EDUCATION 160,000
    LATIN AMERICAN HEALTH ALLIANCE OF CENTRAL MASS
    27 VERNON ST
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 15,000
    LGBT ASYLUM TASK FORCE
    6 CLOVER ST
    WORCESTER,MA01603     		    TO FURTHER EDUCATION 15,000
    LITERACY VOLUNTEERS OF GR WORCESTER
    3 SALEM ST
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 15,000
    LYCOMING COLLEGE
    ONE COLLEGE PL
    WILLIAMSPORT,PA17701     		    TO FURTHER EDUCATION 125,000
    MAIN SOUTH COMMUNITY DEVELOPMENT CTR
    875 MAIN ST 1
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 15,000
    MASS HUMANITIES
    66 BRIDGE ST
    NORTHAMPTON,MA01060     		    TO FURTHER EDUCATION 15,000
    MASSACHUSETTS SYMPHONY ORCHESTRA
    10 TUCKERMAN ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 25,000
    MCAULEY NAZARETH HOME FOR BOYS
    77 MULBERRY ST
    LEICESTER,MA01524     		    TO FURTHER EDUCATION 15,000
    MUHLENBERG COLLEGE
    2400 W CHEW ST
    ALLENTOWN,PA18104     		    TO FURTHER EDUCATION 150,000
    MUSIC WORCESTER INC
    319 MAIN ST
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 50,000
    NET OF COMPASSION - HOTEL GRACE
    674 MAIN ST
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 25,000
    NOTRE DAME ACADEMY
    425 SALISBURY ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 50,000
    OLD STURBRIDGE VILLAGE
    1 OLD STURBRIDGE VILLAGE RD
    STURBRIDGE,MA01566     		    TO FURTHER EDUCATION 50,000
    OPEN SKY COMMUNITY SERVICES
    4 MANN ST
    WORCESTER,MA01602     		    TO FURTHER EDUCATION 25,000
    PATHWAYS FOR CHANGE
    588 MAIN ST
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 25,000
    PERNET FAMILY HEALTH SERVICE
    237 MILLBURY ST
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 25,000
    PLANNED PARENTHOOD LEAGUE OF MA INC
    1055 COMMONWEALTH AVE
    BOSTON,MA02215     		    TO FURTHER EDUCATION 15,000
    PRATT INSTITUTE
    200 WILLOUGHBY AVE
    BROOKLYN,NY11205     		    TO FURTHER EDUCATION 125,000
    PROVIDENCE COLLEGE
    1 CUNNINGHAM SQ
    PROVIDENCE,RI02918     		    TO FURTHER EDUCATION 150,000
    RACHEL'S TABLE
    633 SALISBURY ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 25,000
    RAINBOW CHILD DEVELOPMENT CENTER
    10 EDWARD ST
    WORCESTER,MA01605     		    TO FURTHER EDUCATION 50,000
    REFUGEE AND IMMIGRANT ASSISTANCE CENTER
    316 MAIN ST FLR 6
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 15,000
    REGIONAL ENVIRONMENTAL COUNCIL OF CITY
    42 LAGRANGE ST REAR
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 15,000
    SAINT PAUL'S DIOCESAN HIGH SCHOOL
    144 GRANITE ST
    WORCESTER,MA01604     		    TO FURTHER EDUCATION 50,000
    SKIDMORE COLLEGE
    815 N BROADWAY
    SARATOGA SPRINGS,NY12866     		    TO FURTHER EDUCATION 200,000
    WORCESTER TECHNICAL HIGH SCHOOL
    1 OFFICER MANNY FAMILIA WY
    WORCESTER,MA01605     		    TO FURTHER EDUCATION 50,000
    ST JOHN'S FOOD FOR THE POOR PROGRAM
    44 TEMPLE ST
    WORCESTER,MA01604     		    TO FURTHER EDUCATION 25,000
    ST JOHN'S HIGH SCHOOL
    378 MAIN ST
    SHREWSBURY,MA01545     		    TO FURTHER EDUCATION 50,000
    SUSQUEHANA UNIVERSITY
    514 UNIVERSITY AVE
    SELINSGROVE,PA17870     		    TO FURTHER EDUCATION 140,000
    CASA PROJECT INC
    100 GROVE ST 403
    WORCESTER,MA01605     		    TO FURTHER EDUCATION 25,000
    MUSTARD SEED CATHOLIC WORKER COMMUNITY
    93 PIEDMONT ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 25,000
    UNITED WAY OF CENTRAL MASSACHUSETTS
    484 MAIN ST STE 300
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 500,000
    UNITED WAY OF CENTRAL MASSACHUSETTS
    484 MAIN ST STE 300
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 275,000
    UNITED WAY OF CENTRAL MASSACHUSETTS
    484 MAIN ST STE 300
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 100,000
    VETERAN'S INC
    69 GROVE ST
    WORCESTER,MA01605     		    TO FURTHER EDUCATION 50,000
    WACHUSETT GREENWAYS
    PO BOX 121
    HOLDEN,MA01520     		    TO FURTHER EDUCATION 15,000
    WEBSTER SQUARE DAY CARE CENTER
    39 QUEEN ST
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 50,000
    WENTWORTH INSTITUTE OF TECHNOLOGY
    550 HUNTINGTON AVE
    BOSTON,MA02115     		    TO FURTHER EDUCATION 100,000
    WICN PUBLIC RADIO INC
    50 PORTLAND ST
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 15,000
    WIDENER UNIVERSITY
    ONE UNIVERSITY PL
    CHESTER,PA19013     		    TO FURTHER EDUCATION 150,000
    WORCESTER ACADEMY
    81 PROVIDENCE ST
    WORCESTER,MA01604     		    TO FURTHER EDUCATION 50,000
    WORCESTER ANIMAL RESCUE LEAGUE
    139 HOLDEN ST
    WORCESTER,MA01606     		    TO FURTHER EDUCATION 15,000
    WORCESTER ART MUSEUM
    55 SALISBURY ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 50,000
    WORCESTER CENTER FOR THE PERFORMING ARTS
    2 FRANCIS R CARROLL PLZ
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 50,000
    WORCESTER CHILDREN'S CHORUS INC
    500 SALISBURY ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 15,000
    WORCESTER COMMON GROUND
    5 PIEDMONT ST
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 15,000
    WORCESTER COMMUNITY AUCTION COUNCIL
    484 MAIN ST 200
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 15,000
    WORCESTER COMMUNITY HOUSING RESOURCES
    11 PLEASANT ST
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 15,000
    WORCESTER COMPREHENSION EDUCATION & CARE
    160 TACOMA ST
    WORCESTER,MA01605     		    TO FURTHER EDUCATION 50,000
    WORCESTER COUNTY FOOD BANK
    474 BOSTON TURNPIKE
    SHREWSBURY,MA01545     		    TO FURTHER EDUCATION 50,000
    WORCESTER COUNTY MECHANICS ASSOCIATION
    321 MAIN ST
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 50,000
    WORCESTER EACH SIDE CDC
    409 SHREWSBURY ST
    WORCESTER,MA01604     		    TO FURTHER EDUCATION 15,000
    WORCESTER EDUCATION COLLABORATIVE
    484 MAIN ST STE 300
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 20,000
    WORCESTER EDUCATIONAL DEVELOPMENT FUND
    210 PARK AVENUE SUITE 224
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 141,000
    WORCESTER HISTORICAL MUSEUM
    30 ELM ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 50,000
    WORCESTER HISTORICAL MUSEUM
    30 ELM ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 1,000,000
    WORCESTER HORTICULTURAL SOCIETY
    11 FRENCH DR
    BOYLSTON,MA01505     		    TO FURTHER EDUCATION 50,000
    WORCESTER JEWISH COMMUNITY CENTER
    633 SALISBURY ST
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 15,000
    WORCESTER POLYTECHNIC INSTITUTE
    100 INSTITUTE RD
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 50,000
    WORCESTER POLYTECHNIC INSTITUTE
    100 INSTITUTE RD
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 1,000,000
    WORCESTER REFUGEE ASSISTANCE PROJECT
    316 MAIN ST FLR 6
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 15,000
    WORCESTER REGIONAL RESEARCH
    390 MAIN ST SUITE 208
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 50,000
    WORCESTER YOUTH CENTER
    326 CHANDLER ST
    WORCESTER,MA01602     		    TO FURTHER EDUCATION 15,000
    YMCA OF GREATER BOSTON
    316 HUNTINGTON AVE
    BOSTON,MA02115     		    TO FURTHER EDUCATION 150,000
    YMCA OF CENTRAL MASSACHUSETTS
    766 MAIN ST 4TH FLOOR
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 125,000
    YMCA OF CENTRAL MASSACHUSETTS
    766 MAIN ST 4TH FLOOR
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 150,000
    YOU SEVEN HILLS
    81 HOPE AVE
    WORCESTER,MA01603     		    TO FURTHER EDUCATION 25,000
    YWCA OF CENTRAL MASSACHUSETTS
    766 MAIN ST 4TH FLOOR
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 50,000
    YWCA OF CENTRAL MASSACHUSETTS
    766 MAIN ST 4TH FLOOR
    WORCESTER,MA01610     		    TO FURTHER EDUCATION 550,000
    YMCA OF GREATER WESTFIELD
    67 COURT ST
    WESTFIELD,MA01085     		    TO FURTHER EDUCATION 150,000
    EDWARD K KENNEDY COMMUNITY HEALTH CARE
    19 TACOMA ST
    WORCESTER,MA01605     		    TO FURTHER EDUCATION 100,000
    Total .................................bullet 3a 11,285,000
    bApproved for future payment
    ALICE LLOYD COLLEGE
    100 PURPOSE RD
    PIPPA PASSES,KY41844     		    TO FURTHER EDUCATION 175,000
    BRYN MAWR COLLEGE
    101 N MERION AVE
    BRYN MAWR,PA19010     		    TO FURTHER EDUCATION 145,000
    COLLEGE OF SAINT ROSE
    432 WESTERN AVE
    ALBANY,NY12203     		    TO FURTHER EDUCATION 100,000
    DENHOLM'S DILEMMA PROJECT
    370 MAIN STREET - 11TH FLOOR
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 150,000
    ELIZABETHTOWN COLLEGE
    1 ALPHA DR
    ELIZABETHTOWN,PA17022     		    TO FURTHER EDUCATION 180,000
    HAMILTON COLLEGE
    198 COLLEGE HILL RD
    CLINTON,NY13323     		    TO FURTHER EDUCATION 150,000
    MISERICORDIA UNIVERSITY
    301 LAKE STREET
    DALLAS,PA18612     		    TO FURTHER EDUCATION 175,000
    ST JOSEPH'S COLLEGE
    278 WHITES BRIDGE RD
    STANDISH,ME04084     		    TO FURTHER EDUCATION 150,000
    SOUTH SHORE YMCA
    79 CODDINGTON ST
    QUINCY,MA02169     		    TO FURTHER EDUCATION 125,000
    WEC
    370 MAIN STREET - 11TH FLOOR
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 20,000
    WORCESTER POLYTECHNIC INSTITUTE
    100 INSTITUTE RD
    WORCESTER,MA01609     		    TO FURTHER EDUCATION 3,000,000
    WORCESTER REGIONAL RESEARCH BUREAU
    390 MAIN ST SUITE 208
    WORCESTER,MA01608     		    TO FURTHER EDUCATION 100,000
    YMCA NORTH SHORE
    254 ESSEX ST
    BEVERLY,MA01915     		    TO FURTHER EDUCATION 150,000
    Total .................................bullet 3b 4,620,000
    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 16,535  
    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 39,569,840  
    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 45,527,501 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    45,527,501
    (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

    TY 2021 AccountingFeesSchedule
    Name:
    THE GEORGE I ALDEN TRUST
     
    C/O FLETCHER TILTON & WHIPPLE PC
    EIN:
    04-6023784
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    STOWE & DEGON 31,637 31,637   0

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE GEORGE I ALDEN TRUST
     
    C/O FLETCHER TILTON & WHIPPLE PC
    EIN:
    04-6023784
    Name of Stock End of Year Book Value End of Year Fair Market Value
    INVESTMENTS - CORPORATE STOCK 126,608,527 183,697,828

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE GEORGE I ALDEN TRUST
     
    C/O FLETCHER TILTON & WHIPPLE PC
    EIN:
    04-6023784
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    INVESTMENTS - MONEY MARKET FUNDS AT COST 5,561,198 5,561,198
    ALTERNATIVE INVESTMENTS - EQUITY AT COST 65,948,759 64,612,928

    TY 2021 OtherDecreasesSchedule
    Name:
    THE GEORGE I ALDEN TRUST
     
    C/O FLETCHER TILTON & WHIPPLE PC
    EIN:
    04-6023784
    Description Amount
    DIFFERENCE - BOOK/TAX MONDRIAN INTERNATIONAL K-1 828,711
    DIFFERENCE - BOOK/TAX WATER PROPERTY K-1 7,079
    DIFFERENCE - BOOK/TAX CHURCHSIDE K-1 14,539


    TY 2021 OtherExpensesSchedule
    Name:
    THE GEORGE I ALDEN TRUST
     
    C/O FLETCHER TILTON & WHIPPLE PC
    EIN:
    04-6023784
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK FEES 105 105   0
    DUES AND SUBSCRIPTIONS 1,147 1,147   0
    MERCANTILE CAPITAL LLC K-1 - OTHER DEDUCTIONS 9,937 9,937   0
    MERCANTILE CAPITAL TWO K-1 - OTHER DEDUCTIONS 3,275 3,275   0
    MONDRIAN EM - K-1 - OTHER DEDUCTIONS 13,725 13,725   0
    MONDRIAN INTERNATIONAL - K-1 - OTHER DEDUCTIONS 2,602 2,602   0
    SUPPLIES 106 106   0
    WAM GLOBAL WATER EQUITY K-1 - OTHER DEDUCTIONS 111,318 111,318   0
    WATER PROPERTY K-1 - OTHER DEDUCTIONS 161,071 161,071   0
    CHURCHSIDE K-1 - OTHER DEDUCTIONS 17,420 17,420   0
    OTHER EXPENSES 606 606   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE GEORGE I ALDEN TRUST
     
    C/O FLETCHER TILTON & WHIPPLE PC
    EIN:
    04-6023784
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME - MONDRIAN INT 255,963 255,963 255,963
    OTHER INCOME - HIGHCLERE 137,578 137,578 137,578
    OTHER INCOME - MONDRIAN EM 72,610 72,610 72,610
    OTHER INCOME - KILTEARN 4,543 4,543 4,543
    OTHER INCOME - MERCANTILE CAPITAL -5,143 -5,143 -5,143
    OTHER INCOME - WATER PROPERTY 71,622 71,622 71,622
    OTHER INCOME - MERCANTILE CAPITAL TWO -1,783 -1,783 -1,783
    OTHER INCOME - CHURCHSIDE LLC 31,959 31,959 31,959
    OTHER INCOME - WAM GLOBAL WATER EQUITY 88,455 88,455 88,455


    TY 2021 OtherIncreasesSchedule
    Name:
    THE GEORGE I ALDEN TRUST
     
    C/O FLETCHER TILTON & WHIPPLE PC
    EIN:
    04-6023784
    Description Amount
    DECREASE IN GRANTS PAYABLE 1,300,000
    DIFFERENCE - BOOK/TAX INVESTMENT INCOME 139,920
    DIFFERENCE - BOOK/TAX HIGHCLERE K-1 268,725
    DIFFERENCE - BOOK/TAX FOREIGN TAXES PAID 391,358
    DIFFERENCE - BOOK/TAX WATER ASSET MANAGEMENT K-1 111,318
    DIFFERENCE - BOOK/TAX MONDRIAN EM K-1 328,190
    DIFFERENCE - BOOK/TAX KILTEARN K-1 333,267
    DIFFERENCE - BOOK/TAX MERCANTILE K-1 15,080
    DIFFERENCE - BOOK/TAX MERCANTILE TWO K-1 5,058


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE GEORGE I ALDEN TRUST
     
    C/O FLETCHER TILTON & WHIPPLE PC
    EIN:
    04-6023784
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT - HIGHCLERE 221,095 221,095   0
    INVESTMENT MANAGEMENT - MONDRIAN INT 88,636 88,636   0
    INVESTMENT MANAGEMENT - WESTFIELD 491,422 491,422   0
    INVESTMENT MANAGEMENT - MONDRIAN EM 139,991 139,991   0
    INVESTMENT MANAGEMENT - KILTEARN 154,045 154,045   0
    INVESTMENT MANAGEMENT - ALPINE 84,419 84,419   0


    TY 2021 TaxesSchedule
    Name:
    THE GEORGE I ALDEN TRUST
     
    C/O FLETCHER TILTON & WHIPPLE PC
    EIN:
    04-6023784
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES W/H ON DIVIDENDS 411,905 411,905   0
    STATE TAXES 25 25   0
    FEDERAL EXCISE TAX ON INVESTMENT INCOME 300,000 0   0