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
CEDAR TREE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)100 FRANKLIN STREET 704
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

13-3601934
B Telephone number (see instructions)

(617) 695-6767
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$119,892,393J 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 10,668 10,668  
4 Dividends and interest from securities... 1,330,945 1,172,021  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 11,223,291
b Gross sales price for all assets on line 6a 28,221,415
7 Capital gain net income (from Part IV, line 2)... 11,835,285
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).......      
12 Total. Add lines 1 through 11........ 12,564,904 13,017,974  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 231,249 27,362   203,887
14 Other employee salaries and wages...... 246,022 29,110   216,912
15 Pension plans, employee benefits....... 190,656 17,561   173,095
16a Legal fees (attach schedule)......... Click to see attachment 4,108 0   4,108
b Accounting fees (attach schedule)....... Click to see attachment 41,215 5,358   35,857
c Other professional fees (attach schedule).... Click to see attachment 801,829 801,829   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 192,651 4,020   29,711
19 Depreciation (attach schedule) and depletion... 4,162 541  
20 Occupancy.............. 170,606 21,432   149,174
21 Travel, conferences, and meetings....... 2,896 0   2,896
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 673,467 309,093   456,981
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,558,861 1,216,306   1,272,621
25 Contributions, gifts, grants paid....... 8,666,323 6,892,808
26 Total expenses and disbursements. Add lines 24 and 25 11,225,184 1,216,306   8,165,429
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,339,720
b Net investment income (if negative, enter -0-) 11,801,668
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.............      
2 Savings and temporary cash investments......... 3,092,834 2,771,364 2,771,364
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.......... 144,573 76,413 76,413
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 79,063,117 Click to see attachment89,338,423 89,338,423
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet525,000
Less: accumulated depreciation (attach schedule) bullet   525,000 525,000 525,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 31,618,559 Click to see attachment27,010,646 27,010,646
14 Land, buildings, and equipment: basis bullet69,127
Less: accumulated depreciation (attach schedule) bullet64,462 5,746 4,665 4,665
15 Other assets (describe bullet) Click to see attachment180,536 Click to see attachment165,882 Click to see attachment165,882
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 114,630,365 119,892,393 119,892,393
Liabilities 17 Accounts payable and accrued expenses.......... 946,277 775,309
18 Grants payable................. 8,916,223 10,689,738
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)......... 9,862,500 11,465,047
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........... 104,767,865 108,427,346
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 104,767,865 108,427,346
30 Total liabilities and net assets/fund balances (see instructions). 114,630,365 119,892,393
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
104,767,865
2
Enter amount from Part I, line 27a .....................
2
1,339,720
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,319,761
4
Add lines 1, 2, and 3 ..........................
4
108,427,346
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
108,427,346
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 EAGLE CAPITAL MANAGEMENT P    
b GRANITE INVESTMENT MANAGEMENT P    
c RIVERBRIDGE P    
d WALDEN ASSET MANAGEMENT P    
e HARDING LOEVNER P    
BRECKINRIDGE P    
PASSTHROUGH GAINS FROM PARTNERSHIP INVESTMENTS P    
MUTUAL FUNDS P    
MUTUAL FUND - NEW ALTERNATIVES 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 3,447,924   1,343,430 2,104,494
b 5,322,416   2,962,555 2,359,861
c 2,548,762   1,252,208 1,296,554
d 1,230,696   833,495 397,201
e 3,792,125   2,580,636 1,211,489
7,427,604   7,139,684 287,920
3,568,925     3,568,925
382,963     382,963
500,000   274,122 225,878
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       2,104,494
b       2,359,861
c       1,296,554
d       397,201
e       1,211,489
      287,920
      3,568,925
      382,963
      225,878
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 11,835,285
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........................... 3 164,043
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- ..... 5 164,043
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 174,732
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 70,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 244,732
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 174
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 80,515
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet80,515 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.CEDARTREEFOUND.ORG
    14
    The books are in care ofbulletDEBRA MONIZ Telephone no.bullet (617) 695-6767

    Located atbullet100 FRANKLIN STREETBOSTONMA ZIP+4bullet02110
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
    Yes
     
    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
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    JOAN M SMITH PRESIDENT
    10.00     		0 0 0
    100 FRANKLIN STREET SUITE 704
    BOSTON,MA02110
    ANDREA L SMITH VICE PRESIDENT
    10.00     		8,000 0 0
    100 FRANKLIN STREET SUITE 704
    BOSTON,MA02110
    KRISTIN LEADER CLERK
    10.00     		8,000 0 0
    100 FRANKLIN STREET SUITE 704
    BOSTON,MA02110
    RACHEL ALTERNATIVE TREASURER
    10.00     		10,500 0 0
    100 FRANKLIN STREET SUITE 704
    BOSTON,MA02110
    JENNIFER L SMITH BOARD MEMBER
    10.00     		8,500 0 0
    100 FRANKLIN STREET SUITE 704
    BOSTON,MA02110
    JODY LEADER BOARD MEMBER
    10.00     		8,000 0 0
    100 FRANKLIN STREET SUITE 704
    BOSTON,MA02110
    SOPHIA KOLEHMAINEN EXECUTIVE DIRECTOR
    40.00     		188,249 54,037 0
    100 FRANKLIN STREET SUITE 704
    BOSTON,MA02110
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    DEBRA MONIZ DIRECTOR FINANCE & A
    40.00     		161,410 51,521 0
    100 FRANKLIN STREET SUITE 704
    BOSTON,MA02110
    GREG HORNER SENIOR PROGRAM OFFIC
    30.00     		87,343 44,301 0
    100 FRANKLIN STREET SUITE 704
    BOSTON,MA02110
    DANA CAMPION GRANTS MANAGER
    40.00     		75,859 43,332 0
    100 FRANKLIN STREET SUITE 704
    BOSTON,MA02110
    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
    MICHAEL DOMBECK CONSULTING 187,332
    750 GRANITE RIDGE ROAD
    STEVENS POINT,WI54481
    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
    109,264,272
    b
    Average of monthly cash balances.......................
    1b
    6,683,200
    c
    Fair market value of all other assets (see instructions)................
    1c
    771,960
    d
    Total (add lines 1a, b, and c).........................
    1d
    116,719,432
    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
    116,719,432
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,750,791
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    114,968,641
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    5,748,432
    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
    5,748,432
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    164,043
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    1,872
    c
    Add lines 2a and 2b............................
    2c
    165,915
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    5,582,517
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    5,582,517
    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
    5,582,517
    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 5,582,517
    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...... 1,088,229
    b From 2017...... 1,534,754
    c From 2018...... 2,093,633
    d From 2019...... 5,634,522
    e From 2020...... 7,161,950
    f Total of lines 3a through e ........ 17,513,088
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 8,165,429
    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..... 5,582,517
    e Remaining amount distributed out of corpus 2,582,912
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 20,096,000
    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) ...     		1,088,229
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		19,007,771
    10 Analysis of line 9:
    a Excess from 2017.... 1,534,754
    b Excess from 2018.... 2,093,633
    c Excess from 2019.... 5,634,522
    d Excess from 2020.... 7,161,950
    e Excess from 2021.... 2,582,912
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AGARIAN TRUST
    22 BUXTON SCHOOL RD
    WEARE,NH03281     		  PC PROJECT SUPPORT FOR THE BLACK SWAMP LAND REMATRIATION PROJECT 10,000
    ALASKA COMMUNITY ACTION ON TOXINS
    505 WEST NORTHERN LIGHTS SUITE 205
    ANCHORAGE,AK99503     		  PC GENERAL SUPPORT 125,000
    ALDO LEOPOLD FOUNDATION
    E13701 LEVEE ROAD
    BARABOO,WI53913     		  PC PROJECT SUPPORT OF THE FUTURE LEADERS FELLOWSHIP 20,000
    ALL IN ENERGY
    30 FAIRVIEW ST
    ROSLINDALE,MA02131     		  PC GENERAL SUPPORT 10,000
    ALTERNATIVE FOUNDATION
    2200 HUNT STREET SUITE 441
    DETROIT,MI48207     		  PF PROJECT SUPPORT FOR ACTIVITIES WITHIN THE HISTORIC PRACTICES OF THE CEDAR TREE FOUNDATION, INCLUDING INITIATIVES PRIMARILY FOCUSED ON THE ENVIRONMENT 500,000
    ALTERNATIVES FOR COMMUNITY AND ENVIRONMENT
    2201 WASHINGTON STREET SUITE 302
    ROXBURY,MA02119     		  PC GENERAL SUPPORT 5,000
    BEACON HOUSE COMMUNITY MINISTRY INC
    601 EDGEWOOD STREET NE SUITE 15
    WASHINGTON,DC20017     		  PC GENERAL SUPPORT 3,500
    BK ROT
    86 WYCKOFF AVENUE
    BROOKLYN,NY11237     		  PC GENERAL SUPPORT 25,000
    BOSTON IMPACT INITIATIVE FUND
    PO BOX 300443
    JAMAICA PLAIN,MA02130     		  SO I PROJECT SUPPORT FOR FIELD BUILDING INITIATIVES 50,000
    CENTER FOR BLACK WOMEN'S WELLNESS
    477 WINDSOR ST SW RM 309
    ATLANTA,GA30312     		  PC PROJECT SUPPORT FOR THE CHILDREN'S ENVIRONMENTAL HEALTH PROGRAM 125,000
    CENTER FOR ECONOMIC DEMOCRACY FOR BOSTON UJIMA PROJECT
    434 MASSACHUSETTS AVENUE SUITE 201
    BOSTON,MA02118     		  PC PROJECT SUPPORT FOR BOSTON UJIMA PROJECT 20,000
    CENTER FOR ENVIRONMENTAL HEALTH
    2201 BROADWAY SUITE 302
    OAKLAND,CA94612     		  PC PROJECT SUPPORT FOR CHILDREN'S ENVIRONMENTAL HEALTH 125,000
    CENTRO OBERO DEL FRONTERIZO
    200 TEXAS AVE
    EL PASO,TX79901     		  PC PROJECT SUPPORT FOR LA MUJER OBRERA'S CHILDREN'S ENVIRONMENTAL HEALTH PROGRAM 75,000
    CHELSEA COLLABORATIVE
    318 BROADWAY
    CHELSEA,MA02150     		  PC GENERAL SUPPORT 30,000
    CHILDREN'S ENVIRONMENTAL HEALTH NETWORK
    110 MARYLAND AVENUE NE SUITE 404
    WASHINGTON,DC20002     		  PC GENERAL SUPPORT 70,000
    CITY BLOSSOMS
    516 KENNEDY ST NW
    WASHINGTON,DC20011     		  PC GENERAL SUPPORT 70,000
    CIVIL EATS
    502 E COTATI AVE UNIT 7014
    COTATI,CA94931     		  PC GENERAL SUPPORT 5,000
    COLORADO PLATEAU FOUNDATION
    113 E BIRCH AVE
    FLAGSTAFF,AZ86001     		  PC GENERAL SUPPORT 50,000
    COMING CLEAN
    28 VERNON STREET SUITE 434
    BRATTLEBORO,VT05301     		  PC GENERAL SUPPORT 125,000
    CONSERVATORY LAB CHARTER SCHOOL FOUNDATION
    2120 DORCHESTER AVENUE
    DORCHESTER,MA02124     		  PC PROJECT SUPPORT FOR ENVIRONMENTAL SCIENCE TEACHERS 160,000
    CONSERVATORY LAB CHARTER SCHOOL FOUNDATION
    2120 DORCHESTER AVENUE
    DORCHESTER,MA02124     		  PC GENERAL SUPPORT 15,000
    DEFEND OUR HEALTH
    565 CONGRESS STREET
    PORTLAND,MA04101     		  PC GENERAL SUPPORT 125,000
    DEFENDERS OF WILDLIFE
    1130 17TH ST NW
    WASHINGTON,DC20036     		  PC PROJECT SUPPORT OF THE WOLF-LIVESTOCK COEXISTENCE AND REGENERATIVE GRAZING PARTNERSHIP 120,000
    DELAWARE RIVERKEEPER NETWORK
    925 CANAL STREET SUITE 3701
    BRISTOL,PA19007     		  PC PROJECT SUPPORT FOR DEFEATING FRACKING AND ITS INFRASTRUCTURE 150,000
    EARTHFORCE
    PO BOX 1228
    DENVER,CO80201     		  PC GENERAL SUPPORT 100,000
    EARTHJUSTICE
    50 CALIFORNIA STREET SUITE 500
    SAN FRANCISCO,CA94111     		  PC PROJECT SUPPORT FOR TRIBAL PARTNERSHIPS PROGRAM FOR COMMUNITIES RESISTING FOSSIL FUEL PROJECTS 10,000
    ECOLOGY CENTER
    339 E LIBERTY STREET SUITE 300
    ANN ARBOR,MI48104     		  PC GENERAL SUPPORT 125,000
    EMMANUAL MUSIC
    PO BOX 171184
    BOSTON,MA02117     		  PC GENERAL SUPPORT 50,000
    ENVIRONMENTAL DEFENSE FUND
    1875 CONNECTICUT AVE NW
    WASHINGTON,DC20009     		  PC PROJECT SUPPORT FOR ENVIRONMENTAL HEALTH 20,000
    ENVIRONMENTAL WORKING GROUP
    1436 U ST NW SUITE 100
    WASHINGTON,DC20009     		  PC PROJECT SUPPORT FOR THE CHILDREN'S ENVIRONMENTAL HEALTH CAMPAIGN 125,000
    EPISCOPAL CITY MISSION
    89 SOUTH ST
    BOSTON,MA02111     		  PC PROJECT SUPPORT OF THE BOSTON IMMIGRATION JUSTICE ACCOMPAINMENT NETWORK 4,000
    ESF COLLEGE FOUNDATION
    1 FORESTRY DRIVE
    SYRACUSE,NY13210     		  PC PROJECT SUPPORT FOR INDIGENOUS YOUTH PROGRAMS 28,000
    EVERGREEN COMMUNITY DEVELOPMENT INITIATIVE
    4121 MARTIN LUTHER KING AVENUE
    FLINT,MI04850     		  PC PROJECT SUPPORT FOR THE FLINT DEVELOPMENT CENTER'S YOUTH PROGRAM AT THE COMMUNITY WATER LAB 50,000
    EVKIDS
    PO BOX 220502
    DORCHESTER,MA02122     		  PC GENERAL SUPPORT 100,000
    GREENROOTS
    227 MARGINAL ST SUITE 1
    CHELSEA,MA02150     		  PC GENERAL SUPPORT 15,000
    GROUNDSWELL
    PO BOX 71642
    OAKLAND,CA94612     		  PC PROJECT SUPPORT FOR THE LIBERATION FUND 20,000
    HEALTHY BUILDING NETWORK
    1710 CONNECTICUT AVENUE NW 4TH
    FLOOR
    WASHINGTON,DC20009     		  PC PROJECT SUPPORT FOR THE HOME FREE PROJECT 125,000
    HONOR THE EARTH
    PO BOX 63
    CALLAWAY,MN56521     		  PC PROJECT SUPPORT FOR THE REGRANTING PROGRAM 50,000
    IMMIGRANT FAMILY SERVICES INSTITUTE (IFSI-USA)
    5 JALLEISON STREET
    HYDE PARK,MA02136     		  PC GENERAL SUPPORT 5,000
    INDIJ PUBLIC MEDIA
    PO BOX 929
    PHOENIX,AZ85001     		  PC GENERAL SUPPORT FOR INDIAN COUNTRY TODAY 5,000
    INTERTRIBAL AGRICULTURE COUNCIL
    100 NORTH 27TH STREET SUITE 500
    BILLINGS,MT59101     		  PC PROJECT SUPPORT OF THE REGENERATIVE GRAZING INIATIATIVE 125,000
    LAND STEWARDSHIP PROJECT
    821 EAST 35TH STREET SUITE 200
    MINNEAPOLIS,MN55407     		  PC PROJECT SUPPORT FOR PROMOTING REGENERATIVE GRAZING AS PART OF THE BRIDGE TO SOIL HEALTH PROGRAM 125,000
    MAINE COMMUNITY INTEGRATION
    PO BOX 653
    LEWISTON,ME04243     		  PC PROJECT SUPPORT FOR YOUTH LED URBAN AGRICULTURE PROGRAM 20,000
    MARTHA'S VINEYARD COMMUNITY FOUNDATION INC
    PO BOX 1069
    EDGARTOWN,MA02538     		  PC PROJECT SUPPORT FOR TICK BORNE ILLNESS PREVENTION FUND 10,000
    MARTHA'S VINEYARD MUSEUM
    PO BOX 1310
    EDGARTOWN,MA02539     		  PC GENERAL SUPPORT 3,000
    NAAEE
    1725 DESALES 401 NW
    WASHINGTON,DC20036     		  PC PROJECT SUPPORT FOR ESTABLISHMENT OF CEE CHANGE FELLOWSHIP 143,810
    NA'AH ILLAHEE FUND
    PO BOX 17844
    SEATTLE,WA98127     		  PC PROJECT SUPPORT FOR CAPACITY BUILDING & REGRANTING PROGRAMS 50,000
    NATIONAL AUDUBON SOCIETY
    225 VARICK STREET 7TH FLOOR
    NEW YORK,NY10014     		  PC PROJECT SUPPORT FOR THE AUDUBON CONSERVATION RANCHING PROGRAM 165,000
    NATIONAL WILDLIFE FEDERATION
    20 RIDGELY AVENUE SUITE 203
    ANNAPOLIS,MD21401     		  PC PROJECT SUPPORT FOR TEACH FOR CLIMATE INSTITUE 45,000
    NATIONAL WILDLIFE FEDERATION
    20 RIDGELY AVENUE SUITE 203
    ANNAPOLIS,MD21401     		  PC PROJECT SUPPORT FOR TEACH FOR CLIMATE INSTITUE 45,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET 11TH FLOOR
    NEW YORK,NY10011     		  PC PROJECT SUPPORT FOR ENVIRONMENTAL HEALTH 20,000
    NEIGHBOR TO NEIGHBOR MASSACHUSETTS EDUCATION FUND
    15 COURT SQUARE SUITE 345
    BOSTON,MA02108     		  PC PROJECT SUPPORT FOR LIFTING THE VOICES OF THE NEW MAJORITY IN THE ENVIRONMENTAL AND CLIMATE JUSTICE MOVEMENT 20,000
    NEW ENGLAND CONSERVATORY
    290 HUNTINGTON AVE
    BOSTON,MA02115     		  PC GENERAL SUPPORT 10,000
    NEW ENGLAND GRASSROOTS ENVIRONMENTAL FUND
    PO BOX 611
    NEWMARKET,NH03857     		  PC PROJECT SUPPORT FOR INDIGENOUS REGRANTING IN NEW ENGLAND 50,000
    NEW FLORIDA MAJORITY EDUCATION FUND
    10800 BISCAYNE BOULEVARD SUITE 1050
    MIAMI,FL33161     		  PC GENERAL SUPPORT 50,000
    PESTICIDE ACTION NETWORK NORTH AMERICA REGIONAL CENTER
    2029 UNIVERSITY AVENUE SUITE 200
    BERKELEY,CA94704     		  PC PROJECT SUPPORT FOR BUILDING A BETTER FOOD & FARMING SYSTEM FROM THE GROUND UP 25,000
    PIIKANI LODGE HEALTH INSTITUTE
    PO BOX 850 GOVERNMENT SQUARE
    BROWNING,MT59417     		  PC PROJECT SUPPORT OF THE BLACKFEET NATION REGENERATIVE GRAZING INITIATIVE 100,000
    POLLY HILL ARBORETUM
    PO BOX 561 809 STATE ROAD
    WEST TISBURY,MA02575     		  PC GENERAL SUPPORT 20,000
    PRACTICAL FARMERS OF IOWA
    1615 GOLDEN ASPEN DRIVESUITE 101
    AMES,IA50010     		  PC PROJECT SUPPORT FOR PROMOTING REGENERATIVE GRAZING 175,000
    QUIVIRA COALITION
    1413 SECOND ST STE 1
    SANTE FE,NM87505     		  PC PROJECT SUPPORT FOR NORTHERN PLAINS RANGELAND STEWARDSHIP PROGRAM 110,000
    REGENERATIVE AGRICULTURE FOUNDATION
    45 WEST 36TH STREET 6TH FLOOR
    NEW YORK,NY10018     		  PC PROJECT SUPPORT FOR THE HERD FELLOWS SCHOLARSHIP FUND 10,000
    RESILIENT SISTERHOOD PROJECT
    263 HUNTINGTON AVENUE SUITE 302
    BOSTON,MA02115     		  PC GENERAL SUPPORT 40,000
    ROCKAWAY YOUTH TASK FORCE INC
    1920 MOTT AVENUE
    ROCKAWAY,NY11691     		  PC GENERAL SUPPORT OF ROCKAWAY ROOTS 20,000
    SEVENTH GENERATION FUND FOR INDIGENOUS PEOPLES INC
    PO BOX 4569
    ARCATA,CA95518     		  PC GENERAL SUPPORT 10,000
    SHERIFFS MEADOW FOUNDATION
    PO BOX 1088
    VINEYARD HAVEN,MA02568     		  PC GENERAL SUPPORT 10,000
    SILENT SPRING INSTITUTE
    320 NEVADA STREET SUITE 302
    NEWTON,MA02460     		  PC GENERAL SUPPORT 50,000
    SMART FROM THE START INC
    68 ANNUNCIATION ROAD
    ROXBURY,MA02120     		  PC $5,000 FOR PROJECT SUPPORT FOR THE JUSTICE 4 ALL INITIATIVE AND $5,000 FOR PROJECT SUPPORT FOR THE CIVIL RIGHTS SUMMER PILGRIMAGE BUS TOUR 10,000
    SOCIAL & ENVIRONMENTAL ENTREPRENEURS INC FOR BUILDING EQUITY AND ALIGNMENT
    23532 CALABASAS ROAD SUITE A
    CALABASAS,CA91302     		  PC PROJECT SUPPORT FOR THE BUILDING EQUITY AND ALIGNMENT FOR IMPACT FUND 60,000
    SOCIETY FOR CONSERVATION BIOLOGY
    1133 15TH STREET NW SUITE 300
    WASHINGTON,DC20005     		  PC PROJECT SUPPORT FOR SMITH FELLOWS PROGRAM 1,472,498
    SOUL FIRE FARM
    1972 NY-2
    PETERSBURG,NY12138     		  PC GENERAL SUPPORT, WITH AN ADDITIONAL $25,000 IN YEAR ONE FOR PROJECT SUPPORT FOR THE FORTIFYING OUR FOUNDATION PROJECT 10,000
    SOUTHWEST ORGANIZING PROJECT
    211 10TH ST SW
    ALBUQUERQUE,NM87102     		  PC GENERAL SUPPORT 80,000
    SPEAK FOR THE TREES BOSTON
    49 OLIVER STREET
    WATERTOWN,MA02472     		  PC GENERAL SUPPORT 25,000
    TANKA FUND
    287 WATER TOWER ROAD
    KYLE,SD57752     		  PC GENERAL SUPPORT 80,000
    THE NATURE CONSERVANCY
    99 BEDFORD STREET
    BOSTON,MA02111     		  PC PROJECT SUPPORT FOR WORK ON MARTHA'S VINEYARD 3,000
    THE OHIO ORGANIZING COLLABORATIVE
    25 E BOARDMAN STREET SUITE 230
    YOUNGSTOWN,OH44503     		  PC PROJECT SUPPORT FOR THE PEOPLES JUSTICE PROJECT AND THE OHIO STUDENT ASSOCIATION 15,000
    TOXICS ACTION CENTER INC
    294 WASHINGTON STREET SUITE 500
    BOSTON,MA02108     		  PC PROJECT SUPPORT FOR FORE RIVER RESIDENTS AGAINST THE COMPRESSOR STATION (FRRACS) 10,000
    UNITED TRIBES OF KANSAS &SE NEBRASKA
    3301 THRASHER RD
    WHITE CLOUD,KS06609     		  PC PROJECT SUPPORT OF HEALING THE SACRED LAND INITIATIVE 75,000
    URBAN AFFAIRS COALITION FOR VIETLEAD
    1207 CHESTNUT STREET
    PHILADELPHIA,PA19107     		  PC PROJECT SUPPORT FOR VIETLEADS YOUTH WORK AT RESILIENT ROOTS COMMUNITY FARM 20,000
    URBAN FARMING INSTITUTE
    34 LINWOOD STREET
    ROXBURY,MA02119     		  PC GENERAL SUPPORT WITH $5,000 EACH YEAR GOING TOWARDS PROJECT SUPPORT FOR THE FISCAL RESERVE FUND 25,000
    UUA FOR FIRST PARISH
    382 WALNUT STREET
    BROOKLINE,MA02445     		  PC PROJECT SUPPORT FOR THE FIRST PARISH SOCIAL JUSTICE FUND 5,000
    VINEYARD CONSERVATION SOCIETY
    PO BOX 2189 VINEYARD HAVEN MA 02568
    VINEYARD HAVEN,MA02568     		  PC GENERAL SUPPORT 75,000
    VIRGINIA ORGANIZING INC FOR SCIENCE COMMUNICATION NETWORK
    703 CONCORD AVE
    CHARLOTTESVILLE,VA22903     		  PC PROJECT SUPPORT FOR THE SCIENCE COMMUNICATION NETWORK'S PROJECT ON HEALTH IMPACTS OF UNCONVENTIONAL OIL AND GAS DEVELOPMENT 20,000
    WEST HARLEM ENVIRONMENTAL ACTION INC
    1854 AMSTERDAM AVENUE 2ND FLOOR
    NEW YORK,NY01003     		  PC PROJECT SUPPORT FOR THE CAMPAIGN AGAINST TOXIC SKIN AND HAIR PRODUCTS 100,000
    WEST HARLEM ENVIRONMENTAL ACTION INC
    1854 AMSTERDAM AVENUE 2ND FLOOR
    NEW YORK,NY01003     		  PC PROJECT SUPPORT FOR THE CECIL CORBIN-MARK FELLOWSHIP FUND 15,000
    WEST TISBURY LIBRARY FOUNDATION
    PO BOX 1238
    WEST TISBURY,MA02575     		  PC GENERAL SUPPORT 3,000
    WESTERN SUSTAINABILITY EXCHANGE
    PO BOX 1448
    LIVINGSTON,MT59047     		  PC PROJECT SUPPORT FOR ADVANCING REGENERATIVE GRAZING IN MONTANA 90,000
    WINDHAM REGIONAL COMMUNITY COUNCIL INC
    872 MAIN ST
    WILLIMANTIC,CT06226     		  PC PROJECT SUPPORT FOR GROW WINDHAM 25,000
    WINROCK INTERNATIONAL INSTITUTE FOR AGRICULTURAL DEVELOPMENT FOR THE PASTUR
    2101 RIVERFRONT DRIVE
    LITTLE ROCK,AR72202     		  PC PROJECT SUPPORT WINROCK SOLUTIONS' PASTURE PROJECT 125,000
    WINSOR MUSIC
    312 WALTHAM ST
    LEXINGTON,MA02421     		  PC GENERAL SUPPORT 2,000
    WOLFE'S NECK FARM FOUNDATION
    184 BURNETT RD
    FREEPORT,ME04032     		  PC PROJECT SUPPORT FOR NEW ENGLAND GRAZING NETWORK 125,000
    WOMEN'S VOICES FOR THE EARTH
    PO BOX 8743
    MISSOULA,MT05980     		  PC GENERAL SUPPORT 125,000
    Total .................................bullet 3a 6,892,808
    bApproved for future payment
    ALASKA COMMUNITY ACTION ON TOXINS
    505 WEST NORTHERN LIGHTS SUITE 205
    ANCHORAGE,AK99503     		  PC GENERAL SUPPORT 250,000
    ALDO LEOPOLD FOUNDATION
    E13701 LEVEE ROAD
    BARABOO,WI53913     		  PC PROJECT SUPPORT OF THE FUTURE LEADERS FELLOWSHIP 20,000
    ALL IN ENERGY
    30 FAIRVIEW ST
    ROSLINDALE,MA02131     		  PC GENERAL SUPPORT 10,000
    BOSTON IMPACT INITIATIVE FUND
    PO BOX 300443
    JAMAICA PLAIN,MA02130     		  SO I PROJECT SUPPORT FOR FIELD BUILDING INITIATIVES 50,000
    CENTER FOR ENVIRONMENTAL HEALTH
    2201 BROADWAY SUITE 302
    OAKLAND,CA94612     		  PC PROJECT SUPPORT FOR CHILDREN'S ENVIRONMENTAL HEALTH 250,000
    CITY BLOSSOMS
    516 KENNEDY ST NW
    WASHINGTON,DC20011     		  PC GENERAL SUPPORT 140,000
    CIVIL EATS
    502 E COTATI AVE UNIT 7014
    COTATI,CA94931     		  PC GENERAL SUPPORT 5,000
    COMING CLEAN
    28 VERNON STREET SUITE 434
    BRATTLEBORO,VT05301     		  PC GENERAL SUPPORT 250,000
    CONSERVATORY LAB CHARTER SCHOOL FOUNDATION
    2120 DORCHESTER AVENUE
    DORCHESTER,MA02124     		  PC PROJECT SUPPORT FOR ENVIRONMENTAL SCIENCE TEACHERS 160,000
    DEFEND OUR HEALTH
    565 CONGRESS STREET
    PORTLAND,ME04101     		  PC GENERAL SUPPORT 250,000
    DELAWARE RIVERKEEPER NETWORK
    925 CANAL STREET SUITE 3701
    BRISTOL,PA19007     		  PC PROJECT SUPPORT FOR DEFEATING FRACKING AND ITS INFRASTRUCTURE 150,000
    EARTHFORCE
    PO BOX 1228
    DENVER,CO80201     		  PC GENERAL SUPPORT 200,000
    EARTHJUSTICE
    50 CALIFORNIA STREET SUITE 500
    SAN FRANCISCO,CA94111     		  PC PROJECT SUPPORT FOR TRIBAL PARTNERSHIPS PROGRAM FOR COMMUNITIES RESISTING FOSSIL FUEL PROJECTS 10,000
    ECOLOGY CENTER
    339 E LIBERTY STREET SUITE 300
    ANN ARBOR,MI48104     		  PC PROJECT SUPPORT FOR MARKETPLACE WORK 150,000
    EMMANUAL MUSIC
    PO BOX 171184
    BOSTON,MA02117     		  PC GENERAL SUPPORT 100,000
    ENVIRONMENTAL DEFENSE FUND
    1875 CONNECTICUT AVE NW
    WASHINGTON,DC20009     		  PC PROJECT SUPPORT FOR ENVIRONMENTAL HEALTH 20,000
    ENVIRONMENTAL WORKING GROUP
    1436 U ST NW SUITE 100
    WASHINGTON,DC20009     		  PC PROJECT SUPPORT FOR THE CHILDREN'S ENVIRONMENTAL HEALTH CAMPAIGN 250,000
    GREENROOTS
    227 MARGINAL ST SUITE 1
    CHELSEA,MA02150     		  PC GENERAL SUPPORT 15,000
    HEALTHY BUILDING NETWORK
    1710 CONNECTICUT AVENUE NW 4TH
    FLOOR
    WASHINGTON,DC20009     		  PC PROJECT SUPPORT FOR THE HOME FREE PROJECT 250,000
    HONOR THE EARTH
    PO BOX 63
    CALLAWAY,MN56521     		  PC PROJECT SUPPORT FOR THE REGRANTING PROGRAM 100,000
    LAND STEWARDSHIP PROJECT
    821 EAST 35TH STREET SUITE 200
    MINNEAPOLIS,MN55407     		  PC PROJECT SUPPORT FOR PROMOTING REGENERATIVE GRAZING AS PART OF THE BRIDGE TO SOIL HEALTH PROGRAM 125,000
    NA'AH ILLAHEE FUND
    PO BOX 17844
    SEATTLE,WA98127     		  PC PROJECT SUPPORT FOR CAPACITY BUILDING & REGRANTING PROGRAMS 100,000
    NATIONAL AUDUBON SOCIETY
    225 VARICK STREET 7TH FLOOR
    NEW YORK,NY10014     		  PC PROJECT SUPPORT FOR THE AUDUBON CONSERVATION RANCHING PROGRAM 275,000
    NATURAL RESOURCES DEFENSE COUNCIL
    40 WEST 20TH STREET 11TH FLOOR
    NEW YORK,NY10011     		  PC PROJECT SUPPORT FOR ENVIRONMENTAL HEALTH 20,000
    PESTICIDE ACTION NETWORK NORTH AMERICA REGIONAL CENTER
    2029 UNIVERSITY AVENUE SUITE 200
    BERKELEY,CA94704     		  PC PROJECT SUPPORT FOR BUILDING A BETTER FOOD & FARMING SYSTEM FROM THE GROUND UP 20,000
    POLLY HILL ARBORETUM
    PO BOX 561 809 STATE ROAD
    WEST TISBURY,MA02575     		  PC GENERAL SUPPORT 20,000
    PRACTICAL FARMERS OF IOWA
    1615 GOLDEN ASPEN DRIVE SUITE 101
    AMES,IA50010     		  PC PROJECT SUPPORT FOR PROMOTING REGENERATIVE GRAZING 350,000
    QUIVIRA COALITION
    1413 SECOND ST STE 1
    SANTE FE,NM87505     		  PC PROJECT SUPPORT FOR NORTHERN PLAINS RANGELAND STEWARDSHIP PROGRAM 220,000
    REGENERATIVE AGRICULTURE FOUNDATION
    45 WEST 36TH STREET 6TH FLOOR
    NEW YORK,NY10018     		  PC PROJECT SUPPORT FOR THE HERD FELLOWS SCHOLARSHIP FUND 10,000
    SHERIFFS MEADOW FOUNDATION
    PO BOX 1088
    VINEYARD HAVEN,MA02568     		  PC GENERAL SUPPORT 10,000
    THE NATURE CONSERVANCY
    99 BEDFORD STREET
    BOSTON,MA02111     		  PC PROJECT SUPPORT FOR WORK ON MARTHA'S VINEYARD 3,000
    URBAN FARMING INSTITUTE
    34 LINWOOD STREET
    ROXBURY,MA02119     		  PC GENERAL SUPPORT WITH $5,000 EACH YEAR GOING TOWARDS PROJECT SUPPORT FOR THE FISCAL RESERVE FUND 25,000
    VINEYARD CONSERVATION SOCIETY
    PO BOX 2189
    VINEYARD HAVEN,MA02568     		  PC GENERAL SUPPORT 75,000
    WESTERN SUSTAINABILITY EXCHANGE
    PO BOX 1448
    LIVINGSTON,MT59047     		  PC PROJECT SUPPORT FOR ADVANCING REGENERATIVE GRAZING IN MONTANA 180,000
    WINROCK INTERNATIONAL INSTITUTE FOR AGRICULTURAL DEVELOPMENT FOR THE PASTUR
    2101 RIVERFRONT DRIVE
    LITTLE ROCK,AR72202     		  PC PROJECT SUPPORT WINROCK SOLUTIONS' PASTURE PROJECT 125,000
    WOLFE'S NECK FARM FOUNDATION
    184 BURNETT RD
    FREEPORT,ME04032     		  PC PROJECT SUPPORT FOR NEW ENGLAND GRAZING NETWORK 125,000
    WOMEN'S VOICES FOR THE EARTH
    PO BOX 8743
    MISSOULA,MT05980     		  PC GENERAL SUPPORT 250,000
    Total .................................bullet 3b 4,563,000
    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 10,668  
    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 11,223,291  
    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) .. 13,898 12,551,006 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    12,564,904
    (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:
    CEDAR TREE FOUNDATION
    EIN:
    13-3601934
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 41,215 5,358   35,857

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

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    CEDAR TREE FOUNDATION
    EIN:
    13-3601934
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    ALTERNATIVE FOUNDATION
          		2200 HUNT STREET SUITE 441
    DETROIT,MI48207     		2021-12-31 500,000 PROJECT SUPPORT FOR ACTIVITIES WITHIN THE HISTORIC PRACTICES OF CEDAR TREE FOUNDATION, INCLUDING INITIATIVES PRIMARILY FOCUSED ON THE ENVIRONMENT. 500,000 CEDAR TREE FOUNDATION HAS NO KNOWLEDGE OF ANY DIVERSION. THE GRANTEE'S ANNUAL REPORT WAS SUBMITTED ON JANUARY 15, 2022 2021-12-31 VERIFICATION WILL OCCUR FOLLOWING RECEIPT OF THE GRANTEE'S REPORT AS DEEMED NECESSARY.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    CEDAR TREE FOUNDATION
    EIN:
    13-3601934
    Name of Stock End of Year Book Value End of Year Fair Market Value
    EAGLE CAPITAL MANAGEMENT 15,837,703 15,837,703
    GRANITE 17,404,825 17,404,825
    WALDEN CAPITAL 6,702,108 6,702,108
    GENERATION 21,031,512 21,031,512
    RIVERBRIDGE ADVISORS 6,865,239 6,865,239
    NEW ALTERNATIVES FUND 2,867,770 2,867,770
    PAX GLOBAL ENVIRONMENT MARKETS FUND 5,873,993 5,873,993
    HARDING LOVE 11,691,211 11,691,211
    BROWN CAPITAL 1,064,062 1,064,062

    TY 2021 InvestmentsOtherSchedule2
    Name:
    CEDAR TREE FOUNDATION
    EIN:
    13-3601934
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    CASH EQUIVALENTS FMV 1,364,635 1,364,635
    REAL ESTATE INVESTMENT TRUST FMV 536,503 536,503
    MONEY MARKET FUNDS FMV 1,251,396 1,251,396
    INV. PARTNERSHIP - CLEANTECH FUND OF FUNDS FMV 704,852 704,852
    INV. PARTNERSHIP - CLEANTECH DIRECT FUND FMV 4,154 4,154
    FIXED INCOME - RSF SOCIALLY RESPONSIBLE FUND FMV 530,365 530,365
    PROGRAM RELATED INVESTMENTS FMV 500,000 500,000
    LOW DURATION/HIGH CREDIT PORTFOLIO - BRECKINRIDGE ADVISORS FMV 22,118,741 22,118,741

    TY 2021 LegalFeesSchedule
    Name:
    CEDAR TREE FOUNDATION
    EIN:
    13-3601934
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 4,108 0   4,108


    TY 2021 OtherAssetsSchedule
    Name:
    CEDAR TREE FOUNDATION
    EIN:
    13-3601934
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSIT 29,640 29,640 29,640
    INVESTMENT INCOME RECEIVABLE 150,896 136,242 136,242


    TY 2021 OtherExpensesSchedule
    Name:
    CEDAR TREE FOUNDATION
    EIN:
    13-3601934
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING 293,844 272,317   21,527
    BOARD EXPENSE 62,370 8,108   54,262
    INSURANCE 20,039 2,605   17,434
    FELLOW PROGRAM EXPENSE 235,842 0   235,842
    OFFICE EXPENSE 34,741 605   34,135
    EQUIPMENT 774 101   673
    FOREIGN TAXES 25,357 25,357   0
    STATE FILING FEE 500 0   500
    ACCRUAL TO CASH ADJUSTMENT 0 0   92,608


    TY 2021 OtherIncreasesSchedule
    Name:
    CEDAR TREE FOUNDATION
    EIN:
    13-3601934
    Description Amount
    UNREALIZED GAIN 2,319,761


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CEDAR TREE FOUNDATION
    EIN:
    13-3601934
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT MANAGEMENT FEES - ALL ACCOUNTS 801,829 801,829   0


    TY 2021 TaxesSchedule
    Name:
    CEDAR TREE FOUNDATION
    EIN:
    13-3601934
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 158,920 0   0
    PAYROLL TAXES 33,731 4,020   29,711