Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 11-01-2020 , and ending 10-31-2021
Name of foundation
THE CROLL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)GOODWIN 100 NORTHERN AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02210
A Employer identification number

22-2946282
B Telephone number (see instructions)

(617) 570-1391
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$15,396,556J 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 57 57  
4 Dividends and interest from securities... 137,349 137,349  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 708,692
b Gross sales price for all assets on line 6a 3,240,952
7 Capital gain net income (from Part IV, line 2)... 708,692
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 54,488 54,488  
12 Total. Add lines 1 through 11........ 900,586 900,586  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 9,450 9,450   0
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 58,496 58,496   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 42,309 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 47,996 47,996   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 158,251 115,942   0
25 Contributions, gifts, grants paid....... 1,160,029 1,160,029
26 Total expenses and disbursements. Add lines 24 and 25 1,318,280 115,942   1,160,029
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -417,694
b Net investment income (if negative, enter -0-) 784,644
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 745,592 1,620,328 1,620,328
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)....... 2,645,371 Click to see attachment3,531,211 5,096,186
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).......... 7,633,535 Click to see attachment5,285,513 8,680,042
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) 11,024,498 10,437,052 15,396,556
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 11,024,498 10,437,052
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 11,024,498 10,437,052
30 Total liabilities and net assets/fund balances (see instructions). 11,024,498 10,437,052
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
11,024,498
2
Enter amount from Part I, line 27a .....................
2
-417,694
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
10,606,804
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
169,752
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,437,052
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 470 SHS FIDELITY NATL INFO SVCS INC P   2020-11-05
b 400 SHS ISHARES SHORT TREAS BD P   2020-11-02
c 484 SHS SPDR BLOOMBERG BARCLAYS P   2020-11-02
d 537 SHS MERCK & CO P   2020-11-02
e 2815.518 SHS PIMCO HIGH YIELD FD P   2020-11-02
5223.531 SHS PRINCIPAL SPECTRUM PRFRD & CAPITAL INC P   2020-11-02
4553.879 SHS MAINSTAY MACKAY HIGH YIELD CORP P   2020-11-02
156 SHS BERKSHIRE HATHAWAY INC P   2020-11-05
185 SHS FIDELITY NATL INFO SVCS INC P   2020-11-02
516 SHS MERCK & CO P   2020-11-02
94 SHS THERMO FISHER SCIENTIFIC INC P   2020-11-16
347 SHS ABBOTT LABS P    
6 SHS AMAZON COM INC P    
741 SHS ALIBABA GROUP HOLDING P    
16 SHS ALPHABET INC P    
1105 SHS BRISTOL MYERS SQUIBB CO P    
3976 SHS EARGO INC P    
27 SHS ISHARES CORE S&P P    
CASH/LIEU GENERAL ELEC CO P    
720 SHS GENERAC HLDGS INC P    
845 SHS ISHARES MSCI JAPAN P    
2750 SHS WISDOMTREE EMERGING P    
2708 SHS PENN NATL GAMING CORP P    
803 SHS TELADOC HEALTH INC P    
22047.8 SHS PIMCO HIGH YIELD P    
1654.011 SHS PRINCIPAL SPECTRUM PRFD P    
35496.551 SHS MAINSTAY MACKAY P    
697 SHS ABBOTT LABS P    
13 SHS AMAZON INC P    
40 SHS ALPHABET INC P    
215 SHS BRISTOL MYERS SQUIBB P    
144 SHS CHARLES RIVER LABS P    
132 SHS META PLATFORMS INC P    
1407 SHS ISHARES CORE S&P P    
1200 SHS VANGUARD FTSE EMER P    
121 SHS GOLDMAN SACHS GROUP INC P    
80 SHS IDEXX LAB INC P    
102 SHS MICROSOFT CORP P    
150 SHS PAYPAL HOLDINGS INC P    
36213.469 SHS PRINCIPAL SPECTRUM PFD P    
ABRAMS CAPITAL PARTNERS II LP P    
ABRAMS CAPITAL PARTNERS II LP P    
ABRAMS CAPITAL PARTNERS II LP P    
ABRAMS CAPITAL PARTNERS II LP P    
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP P    
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP P    
DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP P    
OVERLOOK PARTNERS FUND LP P    
OVERLOOK PARTNERS FUND LP P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 62,260   65,221 -2,961
b 44,269   44,376 -107
c 44,297   44,344 -47
d 41,117   42,051 -934
e 24,579   23,960 619
53,123   46,542 6,581
24,682   23,929 753
32,526   32,747 -155
24,507   23,741 766
39,509   43,305 -3,796
45,481   28,384 17,097
42,849   32,885 9,964
17,954   14,074 3,880
145,767   203,724 -57,957
32,373   23,130 9,243
69,008   65,506 3,502
111,967   246,181 -81,347
3,073   1,838 1,235
26   27 -1
307,992   147,646 160,346
56,218   57,326 -1,108
106,603   114,512 -7,909
305,744   106,214 199,530
135,755   151,315 -15,560
199,312   187,810 11,502
17,334   16,324 1,010
201,265   186,405 14,860
86,068   57,797 28,271
38,900   24,756 14,144
80,934   51,719 29,215
13,455   12,692 763
45,695   18,583 27,112
33,843   26,776 7,067
160,144   106,962 53,182
61,422   47,929 13,493
49,748   24,261 25,487
41,492   21,642 19,850
23,158   13,872 9,286
36,986   15,860 21,126
379,517   322,662 56,855
      20,642
      -58,013
      2,012
      36,850
      34,120
      6,510
      13
      7,427
      84,274
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       -2,961
b       -107
c       -47
d       -934
e       619
      6,581
      753
      -155
      766
      -3,796
      17,097
      9,964
      3,880
      -57,957
      9,243
      3,502
      -81,347
      1,235
      -1
      160,346
      -1,108
      -7,909
      199,530
      -15,560
      11,502
      1,010
      14,860
      28,271
      14,144
      29,215
      763
      27,112
      7,067
      53,182
      13,493
      25,487
      19,850
      9,286
      21,126
      56,855
      20,642
      -58,013
      2,012
      36,850
      34,120
      6,510
      13
      7,427
      84,274
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 2 708,692
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 10,907
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 10,907
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 10,907
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 23,040
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 23,040
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 12,133
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet10,920 RefundedBullet 11 1,213
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletMARY KATHLEEN O'CONNELL ESQ Telephone no.bullet (617) 570-1391

    Located atbulletGOODWIN PROCTER LLP 100 NORTHERNAVENUEBOSTONMA ZIP+4bullet02210
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
    Yes
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    DAVID D CROLL TRUSTEE
    2.00     		0 0 0
    53 STATE STREET SUITE 2602
    BOSTON,MA02109
    VICTORIA B CROLL TRUSTEE
    1.00     		0 0 0
    53 STATE STREET SUITE 2602
    BOSTON,MA02109
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    CAMBRIDGE ASSOCIATES LLC INVESTMENT ADVICE 37,204
    100 SUMMER STREET
    BOSTON,MA02104
    GOODWIN PROCTER LLP LEGAL ADVICE 9,450
    100 NORTHERN AVENUE
    BOSTON,MA02210
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,270,810
    b
    Average of monthly cash balances.......................
    1b
    644,737
    c
    Fair market value of all other assets (see instructions)................
    1c
    8,687,721
    d
    Total (add lines 1a, b, and c).........................
    1d
    13,603,268
    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
    13,603,268
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    204,049
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    13,399,219
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    669,961
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    669,961
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    10,907
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    10,907
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    659,054
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    659,054
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    659,054
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,160,029
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,160,029
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,160,029
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 659,054
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015...... 986,355
    b From 2016...... 506,128
    c From 2017...... 62,593
    d From 2018...... 584,969
    e From 2019...... 976,975
    fTotal of lines 3a through e........ 3,117,020
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,160,029
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 659,054
    e Remaining amount distributed out of corpus 500,975
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,617,995
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		986,355
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		2,631,640
    10 Analysis of line 9:
    a Excess from 2016.... 506,128
    b Excess from 2017.... 62,593
    c Excess from 2018.... 584,969
    d Excess from 2019.... 976,975
    e Excess from 2020.... 500,975
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    DAVID D CROLL
    VICTORIA B CROLL
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    BOYS AND GIRLS CLUB OF BOSTON
    50 CONGRESS STREET SUITE 750
    BOSTON,MA02109     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 25,000
    BRIGHAM & WOMEN'S HOSPITAL
    116 HUNTINGTON AVENUE
    BOSTON,MA02116     		NONE PUBLIC CHARITY SUPPORT WOMEN'S HEALTH FUND 2,000
    BRIGHAM & WOMEN'S HOSPITAL
    116 HUNTINGTON AVE
    BOSTON,MA02116     		NONE PUBLIC CHARITY SOLOMON SCHOLARS 50,000
    BRIGHAM & WOMEN'S HOSPITAL
    116 HUNTINGTON AVE
    BOSTON,MA02116     		NONE PUBLIC CHARITY CONNORS CENTER - SUPPORT WOMEN'S HEALTH FUND 10,000
    BUZZARDS BAY COALITION
    114 FRONT STREET
    NEW BEDFORD,MA02740     		NONE PUBLIC CHARITY SUPPORT FOR THE GENERATIONS CAMPAIGN 100,000
    BUZZARDS BAY COALITION
    114 FRONT STREET
    NEW BEDFORD,MA02740     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 25,000
    CENTER FOR REPRODUCTIVE RIGHTS
    199 WATER STREET 22ND FLOOR
    NEW YORK,NY10038     		NONE PUBLIC CHARITY SUPPORT CURRENT PROGRAMS 20,000
    CENTER FOR SCIENCE IN THE PUBLIC INTEREST
    1220 L ST NW
    WASHINGTON,DC20005     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 2,000
    CHILDREN'S HOSPITAL
    401 PARK DRIVE SUITE 602
    BOSTON,MA02215     		NONE PUBLIC CHARITY PHASE 2 EDMC FUND, 3RD INSTALLMENT 200,000
    CHURCH OF THE REDEEMER
    379 HAMMOND STREET
    CHESTNUT HILL,MA02167     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 10,000
    CHURCH OF THE REDEEMER
    379 HAMMOND STREET
    CHESTNUT HILL,MA02167     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 20,000
    CORNELL UNIVERSITY
    130 EAST SENACA ST
    ITHACA,NY14850     		NONE PUBLIC CHARITY LAB OF ORNITHOLOGY 50,000
    CORNELL UNIVERSITY
    130 EAST SENACA ST
    ITHACA,NY14850     		NONE PUBLIC CHARITY SUPPORT CURRENT PROGRAMS 150,000
    COURAGEOUS PARENTS NETWORK
    21 ROCHESTER ROAD
    NEWTON,MA02458     		NONE PUBLIC CHARITY SUPPORT CURRENT PROGRAMS 2,000
    EMERALD NECKLACE CONSERVANCY INC
    170 GODDARD AVENUE
    BROOKLINE,MA02445     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 10,000
    FRANCIS OUIMET SCHOLARSHIP FUND
    300 ARNOLD PALMER BLVD
    NORTON,MA02766     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 1,030
    FRIENDS OF BRADLEY SCHOOL
    110 BEACHVIEW ROAD
    EAST BOSTON,MA02128     		NONE PUBLIC CHARITY SUPPORT EDUCATIONAL PROGRAMS 5,000
    FRIENDS OF MARION COUNCIL OF AGING
    PO BOX 937
    MARION,MA02737     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 10,000
    HARVARD BUSINESS SCHOOL
    124 MOUNT AUBURN STREET
    CAMBRIDGE,MA02138     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS - ANNUAL FUND 25,000
    LYCEUM FELLOWSHIP
    533 PALMER AVE
    FALMOUTH,MA02540     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 20,000
    MARION ART CENTER
    PO BOX 602
    MARION,MA02738     		NONE PUBLIC CHARITY ANNUAL FUND 1,000
    MASSACHUSETTS AUDUBON SOCIETY
    208 SOUTH GREAT RD
    LINCOLN,MA01773     		NONE PUBLIC CHARITY ANNUAL FUND 25,000
    MASSACHUSETTS GOLF ASSOCIATION
    300 ARNOLD PALMER BLVD
    NORTON,MA02766     		NONE PUBLIC CHARITY SUPPORT FOR THE US SENIOR AMATEUR CHAMPIONSHIP 10,000
    MASSACHUSETTS LAND TRUST COALITION
    18 WOLBACH ROAD
    SUDBURY,MA01776     		NONE PUBLIC CHARITY SUPPORT CURRENT PROGRAMS 2,000
    MASSACHUSETTS OYSTER PROJECTS INC
    501 BOYLSTON STREET
    BOSTON,MA02116     		  PUBLIC CHARITY SUPPORT OF SHELL EBRATION EVENT 1,000
    MUSEUM OF FINE ARTS
    465 HUNTINGTON AVENUE
    BOSTON,MA02115     		NONE PUBLIC CHARITY SUPPORT FOR ART OF AMERICA CURATORS CIRCLES; SUPPORT FOR FASHION COUNCIL; SUPPORT FOR THREADS 4,500
    NEW BEDFORD LIGHT INC
    PO BOX 80666
    SOUTH DARTMOUTH,MA02748     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 10,000
    NEW BEDFORD WHALING MUSEUM
    18 JOHNNY CAKE HILL
    NEW BEDFORD,MA02740     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 10,000
    NEW BEDFORD WHALING MUSEUM
    18 JOHNNY CAKE HILL
    NEW BEDFORD,MA02740     		NONE PUBLIC CHARITY SUPPORT FOR SPONSORSHIP - RYDER CENTURY OF AMERICAN ART 10,000
    NEWTON CONSERVATORS
    PO 5900
    NEWTON,MA02459     		NONE PUBLIC CHARITY SUPPORT CURRENT PROGRAMS 10,000
    NEWTON CONSERVATORS
    PO 5900
    NEWTON,MA02459     		NONE PUBLIC CHARITY SUPPORT FOR THE HOUGHTON GARDEN FUND 2,500
    OHIO WESLEYAN UNIVERSITY
    75 STATE STREET
    DELAWARE,OH43015     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 25,000
    OLD STURBRIDGE VILLAGE
    1 OLD STURBRIDGE VILLAGE
    STURBRIDGE,MA01566     		NONE PUBLIC CHARITY FIRST INSTALLATION OF THREE TO SUPPORT CABINET MAKERS REPLICA 10,000
    PAN MA CHALLENGE
    77 4TH AVE
    NEEDHAM,MA02494     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 1,024
    PARK SCHOOL
    171 GODDARD AVENUE
    BROOKLINE,MA02445     		NONE PUBLIC CHARITY ANNUAL FUND 10,000
    PHILANTHROPY CONNECTION
    PO BOX 300
    WATERTOWN,MA02471     		NONE PUBLIC CHARITY MEMBERSHIP RENEWAL 2,175
    PIONEER INSTITUTE
    185 DEVONSHIRE STREET SUITE 1101
    BOSTON,MA02110     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 10,000
    PLANNED PARENTHOOD LEAGUE OF MASSACHUSETTS
    1055 COMMONWEALTH AVE
    BOSTON,MA02215     		NONE PUBLIC CHARITY ANNUAL FUND 10,000
    PROJECT BREAD
    145 BORDER STREET
    E BOSTON,MA02128     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 2,000
    SIPPICAN HISTORICAL SOCIETY
    589 MILL STREET
    MARION,MA02738     		NONE PUBLIC CHARITY ANNUAL FUND 8,500
    SIPPICAN LANDS TRUST
    589 MILL STREET
    MARION,MA02738     		NONE PUBLIC CHARITY SUPPORT FOR ANNUAL FUND 5,000
    SOUTHCOAST COMMUNITY FOUNDATION
    128 UNION STREET
    NEW BEDFORD,MA02740     		NONE PUBLIC CHARITY SUPPORT FOR ANNUAL SUMMER'S LAST BLAST 2,500
    SOUTHCOAST HEALTH SYSTEM
    TOBEY HOSPITAL 43 HIGH STREET
    WAREHAM,MA02571     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 5,000
    ST STEPHEN'S YOUTH PROGRAMS
    419 SHAWMUT AVE
    BOSTON,MA02118     		NONE PUBLIC CHARITY ANNUAL FUND 35,000
    STAR KIDS SCHOLARSHIP PROGRAM
    PO BOX 79198
    DARTMOUTH,MA02747     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 5,000
    STEPPINGSTONE FOUNDATION
    155 FEDERAL STREET SUITE 800
    BOSTON,MA02110     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 10,000
    THE CATHOLIC SCHOOLS FOUNDATION INC
    260 FRANKLIN STREET SUITE 630
    BOSTON,MA02110     		NONE PUBLIC CHARITY SUPPORT FOR INNER CITY SCHOLARSHIP FUND 25,000
    THE TRUSTEES
    200 HIGH STREET
    BOSTON,MA02110     		NONE PUBLIC CHARITY ANNUAL FUND 5,000
    THE TRUSTEES OF RESERVATIONS
    572 ESSEX ST
    BEVERLY,MA01915     		NONE PUBLIC CHARITY SUPPORT FOR COPPER BEACH AT AMES 9,000
    THE TRUSTEES OF RESERVATIONS
    572 ESSEX ST
    BEVERLY,MA01915     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 4,300
    TRUSTEES OF RESERVATIONS
    396 MOOSE HILL STREET
    SHARON,MA02067     		NONE PUBLIC CHARITY SUPPORT FOR ANNUAL FUND 50,000
    TRUSTEES OF RESERVATIONS
    396 MOOSE HILL STREET
    SHARON,MA02067     		NONE PUBLIC CHARITY SUPPORT FOR DECORDOVA SCULPTURE PARK AND MUSEUM 100,000
    WBUR
    890 COMMONWEALTH AVE
    BOSTON,MA02215     		NONE PUBLIC CHARITY SUPPORT FOR CURRENT PROGRAMS 2,500
    Total .................................bullet 3a 1,160,029
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 57  
    4 Dividends and interest from securities....     14 137,349  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     14 54,488  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 708,692  
    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).. 0 900,586 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    900,586
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    THE CROLL FOUNDATION
    EIN:
    22-2946282
    Name of Stock End of Year Book Value End of Year Fair Market Value
    265 SHS ADOBE INC 99,601 172,345
    1645 SHS ADVNCD MICRO D INC 131,477 197,778
    50 SHS ALPHABET INC CL C 78,599 148,270
    838 SHS APPLE INC 67,249 125,532
    569 SHS BERKSHIRE HATHAWAY INC DEL CL B 129,410 163,309
    1293 SHS BLACKSTONE GROUP INC CL A 72,624 178,977
    1259 SHS CAESARS ENTERTAINMENT 118,930 137,810
    319 SHS CHARLES RIVER LABS INTL 56,645 143,129
    2340 SHS CITIGROUP INC 166,773 161,834
    334 SHS DANAHER CORP DEL 55,813 104,131
    1427 SHS DYNATRACE INC REG SHS 53,661 107,025
    2863 SHS EMERSON ELECTRIC CO 209,135 277,740
    399 SHS FACEBOOK INC 87,600 129,104
    1003 SHS GENERAL HLDGS INC 109,471 105,185
    380 SHS GOLDMAN SACHS GROUP INC 83,234 157,073
    2679 SHS HDFC BANK LTD ADR 153,648 192,647
    756 SHS HONEYWELL INTL INC DEL 133,194 165,277
    169 SHS IDEXX LABE INC DEL 58,841 112,578
    408 SHS IQVIA HLDGS INC 68,840 106,659
    2697 SHS MARVELL TECHNOLOGY GROUP 97,539 184,744
    564 SHS MICROSOFT CORP 107,389 187,034
    948 SHS NVDIA 84,022 242,375
    2436 SHS ON SEMICONDUCTOR 105,272 117,099
    405 SHS PAYPAL HOLDINGS INC 53,962 94,199
    825 SHS QORVO INC 116,278 138,790
    975 SHS SKYWORKS SOLUTIONS INC 130,444 162,952
    346 SHS TAIWAN S MANUFACTURING 39,100 39,340
    408 SHS THERMO FISHER SCIENTIFIC INC 153,559 258,293
    709 SHS VISA INC CL A 170,273 150,145
    734 SHS WORKDAY INC CL A 172,873 212,845
    1328 SHS ZOETIS INC 194,842 287,114
    491 SHS ZOOM VIDEO 170,913 134,853

    TY 2020 InvestmentsOtherSchedule2
    Name:
    THE CROLL FOUNDATION
    EIN:
    22-2946282
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    HEDGE FUNDS AT COST 4,300,005 7,540,510
    34 SHS AMAZON COM INC AT COST 93,745 114,663
    1024 SHS ISHARES CORE S&P SMALL AT COST 83,239 115,773
    863 SHS ISHARES RS 2000 AT COST 134,636 143,586
    1073 SHS ISHARES CORE MSCI EUROPE AT COST 57,237 63,178
    3125 SHS GLOBAL X FUNDS AT COST 86,109 86,375
    1234 SHS SECTOR SPDR INDUSTRIAL AT COST 100,300 128,941
    3196 SHS SPDR PORTFOLIO S&P 500 AT COST 120,704 130,365
    3989 SHS SPDR US FINANCIAL SECTOR AT COST 143,726 160,597
    3870 SHS VANGUARD FTSE EMERGING AT COST 165,812 196,054

    TY 2020 LegalFeesSchedule
    Name:
    THE CROLL FOUNDATION
    EIN:
    22-2946282
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GOODWIN PROCTER LLP 9,450 9,450   0


    TY 2020 OtherDecreasesSchedule
    Name:
    THE CROLL FOUNDATION
    EIN:
    22-2946282
    Description Amount
    DISTRIBUTION REPORTED IN PRIOR YEAR - REFLECTED IN BOOK VALUE 140,125
    DISTRIBUTIONS NOT REPORTED - FUNDS TO BE REIMABURSED 29,627


    TY 2020 OtherExpensesSchedule
    Name:
    THE CROLL FOUNDATION
    EIN:
    22-2946282
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DAVIDSON KEMPNER INSTITUTIONAL PARTNERS LP 4,792 4,792   0
    ABRAMS CAPITAL PARTNERS II LP 1,025 1,025   0
    MA FORM PC FILING FEE 70 70   0
    ADR FEE 83 83   0
    MARGIN INTEREST EXPENSE 42,026 42,026   0


    TY 2020 OtherIncomeSchedule2
    Name:
    THE CROLL FOUNDATION
    EIN:
    22-2946282
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    DAVIDSON KEMPNER INSTITUTIONAL 2,413 2,413 2,413
    ABRAMS CAPITAL PARTNERS II LP 1,250 1,250 1,250
    ABRAMS CAPITAL PARTNERS II LP -5,081 -5,081 -5,081
    DAVIDSON KEMPNER INSTITUTIONAL 2 2 2
    DAVIDSON KEMPNER INSTITUTIONAL 312 312 312
    HIGHFIELDS CAPITAL IV LP -7,943 -7,943 -7,943
    ABRAMS CAPITAL PARTNERS II LP 3,374 3,374 3,374
    DAVIDSON KEMPNER INSTITUTIONAL 1,808 1,808 1,808
    DAVIDSON KEMPNER INSTITUTIONAL 17,666 17,666 17,666
    JANCHOR PARTNERS 166,187 166,187 166,187
    MERRILL LYNCH/BANK OF AMERICA 3,865 3,865 3,865
    ALPHADYNE INTERNATIONAL FUND -129,365 -129,365 -129,365


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    THE CROLL FOUNDATION
    EIN:
    22-2946282
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CAMBRIDGE ASSOCIATES 37,204 37,204   0
    ML ADVISORY 21,292 21,292   0


    TY 2020 TaxesSchedule
    Name:
    THE CROLL FOUNDATION
    EIN:
    22-2946282
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXCISE TAX 42,309 0   0