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
MERCK FAMILY FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 870245
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MILTON VILLAGE, MA021870245
A Employer identification number

22-6063382
B Telephone number (see instructions)

(617) 696-3580
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$72,962,854J 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) 101,142
2 Check bullet.............
3 Interest on savings and temporary cash investments 681 681  
4 Dividends and interest from securities... 860,422 1,058,760  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,785,893
b Gross sales price for all assets on line 6a 28,952,024
7 Capital gain net income (from Part IV, line 2)... 9,002,660
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 0 832,657  
12 Total. Add lines 1 through 11........ 7,748,138 10,894,758  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 347,553 23,584   323,969
14 Other employee salaries and wages...... 33,566 0   33,566
15 Pension plans, employee benefits....... 133,239 9,429   138,933
16a Legal fees (attach schedule)......... Click to see attachment 3,787 0   5,000
b Accounting fees (attach schedule)....... Click to see attachment 24,000 0   18,500
c Other professional fees (attach schedule).... Click to see attachment 407,325 277,663   129,662
17 Interest...............   23,598    
18 Taxes (attach schedule) (see instructions)... Click to see attachment 167,026 34,113   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 47,300 0   46,187
21 Travel, conferences, and meetings....... 2,823 0   28,419
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 49,876 313,986   23,398
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,216,495 682,373   747,634
25 Contributions, gifts, grants paid....... 3,156,580 3,209,580
26 Total expenses and disbursements. Add lines 24 and 25 4,373,075 682,373   3,957,214
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,375,063
b Net investment income (if negative, enter -0-) 10,212,385
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............. 97,936 49,669 49,669
2 Savings and temporary cash investments......... 1,540,015 4,943,788 4,943,788
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.......... 94,033 69,446 69,446
10a Investments—U.S. and state government obligations (attach schedule) 4,305,880 Click to see attachment3,284,450 3,284,450
b Investments—corporate stock (attach schedule)....... 26,363,522 Click to see attachment24,562,082 24,562,082
c Investments—corporate bonds (attach schedule)....... 3,123,831 Click to see attachment2,791,930 2,791,930
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 31,502,733 Click to see attachment37,219,950 37,219,950
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment155,684 Click to see attachment41,539 Click to see attachment41,539
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 67,183,634 72,962,854 72,962,854
Liabilities 17 Accounts payable and accrued expenses.......... 40,691 20,623
18 Grants payable................. 1,050,000 997,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment390,210 Click to see attachment473,530
23 Total liabilities (add lines 17 through 22)......... 1,480,901 1,491,153
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........... 65,618,562 71,387,760
25 Net assets with donor restrictions............ 84,171 83,941
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)..... 65,702,733 71,471,701
30 Total liabilities and net assets/fund balances (see instructions). 67,183,634 72,962,854
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
65,702,733
2
Enter amount from Part I, line 27a .....................
2
3,375,063
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
2,475,905
4
Add lines 1, 2, and 3 ..........................
4
71,553,701
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
82,000
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
71,471,701
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b T. ROWE PRICE LARGE-CAP GROWTH FUND I CLASS (TRLGX) 1,523.000 SHARES D 2021-02-16 2021-02-17
c THRU SCHEDULE K-1S, NET OF UBI P    
d CAPITAL GAINS DIVIDENDS P    
e
(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 28,757,405   22,064,989 6,692,416
b 100,924   54,889 46,035
c       2,170,514
d 93,695     93,695
e
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       6,692,416
b       46,035
c       2,170,514
d       93,695
e
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 9,002,660
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........................... 3 141,952
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- ..... 5 141,952
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 167,954
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.............. 7 167,954
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 26,002
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet26,002 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, NJ
    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.MERCKFF.ORG
    14
    The books are in care ofbulletJAMES MAGUIRE CFO Telephone no.bullet (617) 696-3580

    Located atbullet95 ELIOT STREET SUITE 2MILTONMA ZIP+4bullet021863033
    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)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
     
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    ELIZA HATCH TRUSTEE, PRESIDENT
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    GEORGE WHITRIDGE TRUSTEE, VICE PRESIDENT
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    WILHELM MERCK JR TRUSTEE, SECRETARY (BEGAN 02/06/21)
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    NATHANIEL CHAMBERLIN TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    OONA COY TRUSTEE (TERM ENDED 02/06/21)
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    OLIVIA FARR TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    IAN HATCH TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    SUSANNAH HATCH TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    KATHARINE CHAMBERLIN MATYS TRUSTEE (TERM ENDED 02/06/21)
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    WILHELM MERCK TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    MORGAN WHITRIDGE TRUSTEE
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    SERENA WHITRIDGE TRUSTEE (BEGAN 02/06/21)
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    JOSEPHINE MERCK TREASURER
    1.00     		0 0 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    JENNY RUSSELL EXECUTIVE DIRECTOR
    40.00     		223,421 67,165 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    JAMES MAGUIRE CHIEF FINANCIAL OFFICER
    40.00     		124,132 47,011 0
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    FORTIGENT INVESTMENT MANAGEMENT FEES 174,595
    75 STATE STREET
    BOSTON,MA021091827
    PATHSTONE FEDERAL STREET ADVISORS INVESTMENT ADVISOR 85,000
    24 FEDERAL STREET SUITE 800
    BOSTON,MA021102540
    RUTH GOLDMAN PROGRAM CONSULTANT 76,530
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    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
    67,255,271
    b
    Average of monthly cash balances.......................
    1b
    3,445,958
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    70,701,229
    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
    70,701,229
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    1,060,518
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    69,640,711
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    3,482,036
    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
    3,482,036
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    141,952
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    141,952
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,340,084
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    3,340,084
    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
    3,340,084
    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 3,340,084
    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...... 942,406
    b From 2017...... 728,793
    c From 2018...... 844,211
    d From 2019...... 792,593
    e From 2020...... 1,548,357
    f Total of lines 3a through e ........ 4,856,360
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 3,957,214
    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..... 3,340,084
    e Remaining amount distributed out of corpus 617,130
    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 5,473,490
    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) ...     		942,406
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		4,531,084
    10 Analysis of line 9:
    a Excess from 2017.... 728,793
    b Excess from 2018.... 844,211
    c Excess from 2019.... 792,593
    d Excess from 2020.... 1,548,357
    e Excess from 2021.... 617,130
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    MERCK FAMILY FUND ATTN JAMES MAGUIR
    PO BOX 870245
    MILTON VILLAGE,MA021870245
    (617) 696-3580
    bThe form in which applications should be submitted and information and materials they should include:
    STEP 1 - LETTER OF INQUIRY USING THE ONLINE APPLICATION; STEP 2 - FULL PROPOSAL USING THE ONLINE APPLICATION SYSTEM
    cAny submission deadlines:
    FEBRUARY 1 AND AUGUST 1
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANTS MADE ONLY TO ORGANIZATIONS THAT ARE TAX EXEMPT
    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
    ACADIA CENTER
    PO BOX 583
    ROCKPORT,ME04856     		N/A PC ADVANCING ENERGY EFFICIENCY IN NEW ENGLAND 100,000
    AMERICAN COUNCIL FOR AN ENERGY-EFFICIENT ECONOMY
    529 14TH STREET NW SUITE 600
    WASHINGTON,DC20045     		N/A PC EMPOWERING STATE LEADERSHIP ON ENERGY EFFICIENCY IN THE SOUTHEAST 70,000
    AMERICAN RIVERS
    1101 14TH STREET NW SUITE 1400
    WASHINGTON,DC20009     		N/A PC COLLABORATING FOR INCREASED AQUATIC BIODIVERSITY AND CLIMATE RESILIENCE IN THE TENNESSEE RIVER BASIN 40,000
    BIODIVERSITY FUNDERS GROUP
    PO BOX 29361
    SAN FRANCISCO,CA94129     		N/A PC GENERAL SUPPORT 5,000
    BLACK FARMER FUND
    2161 PROSPECT AVENUE
    BRONX,NY10457     		N/A PC GENERAL SUPPORT 25,000
    BLUEPRINT NC
    3125 POPLARWOOD COURT SUITE 300
    RALEIGH,NC27604     		N/A PC BUILDING COMMUNITY POWER AND RESILIENCY IN NORTH CAROLINA 50,000
    BOSTON FARMS
    487 NORFOLK STREET
    MATTAPAN,MA02126     		N/A PC GENERAL SUPPORT 20,000
    CASA PENNSYLVANIA
    8151 15TH AVENUE
    HYATTSVILLE,MD20783     		N/A PC DEFENDING OUR DEMOCRACY IN PENNSYLVANIA 25,000
    CERES
    99 CHAUNCY STREET 6TH FLOOR
    BOSTON,MA02111     		N/A PC MOBILIZING CORPORATE ENERGY USERS TO INCREASE ENERGY EFFICIENCY 75,000
    CIVIL EATS
    502 E COTATI AVENUE NO 7014
    COTATI,CA94931     		N/A PC GENERAL SUPPORT FOR CIVIL EATS 10,000
    CLEAN ENERGY GROUP INC
    50 STATE STREET SUITE 1
    MONTPELIER,VT05602     		N/A PC ASSISTANCE TO THE NYC PEAK COALITION ON THE REPLACEMENT OF PEAKER POWER PLANTS 25,000
    COASTAL CONSERVATION LEAGUE
    131 SPRING STREET
    CHARLESTON,SC29403     		N/A PC 2020-2022 ENERGY AND CLIMATE PROGRAM SUPPORT 40,000
    CONFLUENCE PHILANTHROPY
    475 10TH AVENUE 14TH FLOOR
    NEW YORK,NY10018     		N/A PC GENERAL SUPPORT 1,500
    CONSERVATION LAW FOUNDATION
    62 SUMMER STREET
    BOSTON,MA02110     		N/A PC ADVANCING STATE-BASED DECARBONIZATION STRATEGIES 50,000
    CONSERVATION LAW FOUNDATION
    62 SUMMER STREET
    BOSTON,MA02110     		N/A PC FARM AND FOOD INITIATIVE 25,000
    DOGWOOD ALLIANCE
    PO BOX 7645
    ASHEVILLE,NC28802     		N/A PC OUR FORESTS AREN'T FUEL 35,000
    DREAM CORPS
    436 14TH STREET SUITE 920
    OAKLAND,CA94612     		N/A PC GREEN FOR ALL #FUEL CHANGE: TRANSPORTATION AND CLIMATE INITIATIVE 20,000
    EL PUEBLO
    2321 CRABTREE BOULEVARD SUITE 105
    RALEIGH,NC27604     		N/A PC ENGAGING NORTH CAROLINA'S LATINX COMMUNITY, BUILDING FOR 2024 AND BEYOND 25,000
    ENVIRONMENTAL AND ENERGY STUDY INSTITITE
    1020 19TH STREET NW SUITE 650
    WASHINGTON,DC20036     		N/A PC EQUITABLE ACCESS TO ENERGY UPGRADES FOR RURAL HOUSEHOLDS 35,000
    ENVIRONMENTAL GRANTMAKERS ASSOCIATION
    475 RIVERSIDE DRIVE SUITE 960
    NEW YORK,NY10115     		N/A PC GENERAL SUPPORT 8,500
    ENVIRONMENTAL INTEGRITY PROJECT
    1000 VERMONT AVENUE NW SUITE 1100
    WASHINGTON,DC20005     		N/A PC BUILDING AND LEADING A COALITION TO COMBAT THE RAPIDLY EXPANDING WOOD BIOMASS INDUSTRY 30,000
    ENVIRONMENTAL PAPER NETWORK
    PO BOX 7091
    ASHEVILLE,NC28802     		N/A PC GENERAL SUPPORT 40,000
    EQUITY ADVOCATES
    258 HALSTEAD AVENUE SUITE 613
    HARRISON,NY10528     		N/A PC BUILDING POWER AND POLITICAL EDUCATION WITHIN THE NYC FOOD JUSTICE COMMUNITY 25,000
    EVERETT COMMUNITY GROWERS
    471 BROADWAY SUITE 1
    EVERETT,MA02149     		N/A PC 2021 EVERETT COMMUNITY GROWERS YOUTH CREW 20,000
    EXPONENT PHILANTHROPY
    1720 NORTH STREET NW
    WASHINGTON,DC20036     		N/A PC GENERAL SUPPORT 780
    FARM SCHOOL NYC
    505 EIGHTH AVENUE SUITE 2100
    NEW YORK,NY10018     		N/A PC GENERAL SUPPORT 25,000
    FUNDERS NETWORK FOR SMART GROWTH
    6705 SW 57TH AVENUE SUITE 700
    CORAL GABLES,FL33143     		N/A PC GENERAL SUPPORT 7,500
    GARDENING THE COMMUNITY
    PO BOX 90774
    SPRINGFIELD,MA01139     		N/A PC GENERAL SUPPORT 30,000
    GEORGETOWN CLIMATE CENTER
    600 NEW JERSEY AVENUE NW
    WASHINGTON,DC20001     		N/A PC REGIONAL GREENHOUSE GAS INITIATIVE 2.0: GETTING TO NET ZERO POWER SECTOR EMISSIONS 50,000
    GREEN CITY FORCE
    630 FLUSHING AVENUE 8TH FLOOR
    BROOKLYN,NY11206     		N/A PC GREEN CITY FORCE (GCF) SERVICE CORPS AND ECO-HUBS 25,000
    GREEN ENERGY CONSUMERS ALLIANCE INC
    284 AMORY STREET
    BOSTON,MA02130     		N/A PC SUPPORTING TRANSPORTATION CLIMATE INITIATIVE AND ADVANCING THE HEATING FUELS EMISSIONS CAP IN MASS. 50,000
    GREEN GUERILLAS
    30 3RD STREET SUITE 848
    BROOKLYN,NY11216     		N/A PC GREEN GUERILLAS YOUTH EMPOWERMENT PIPELINE (YEP) 25,000
    GREENROOTS
    227 MARGINAL STREET SUITE 1
    CHELSEA,MA02150     		N/A PC DEVELOPING YOUNG FARMERS AND COMMUNITY CULTIVATORS WHILE ADDRESSING CHELSEA'S FOOD INSECURITY 25,000
    GROUNDWORK LAWRENCE
    60 ISLAND STREET SUITE 101
    LAWRENCE,MA01840     		N/A PC CULTIVATING LAWRENCE LEADERS OF TOMORROW THROUGH URBAN FARMING, EMPLOYMENT AND LEADERSHIP DEVELOPMENT 30,000
    GROUNDWORK SOMERVILLE
    337 SOMERVILLE AVENUE SUITE 2B
    SOMERVILLE,MA02143     		N/A PC GENERAL SUPPORT 25,000
    GROUNDWORK SOUTHCOAST
    1285 ACUSHNET AVENUE
    NEW BEDFORD,MA02746     		N/A PC URBAN FARMING WITHIN A SOCIAL JUSTICE FRAMEWORK TO EMPOWER YOUTH IN THE SOUTH COAST OF MASSACHUSETTS 25,000
    HALEY HOUSE
    23 DARTMOUTH STREET
    BOSTON,MA02116     		N/A PC HALEY HOUSES URBAN FARMING PROGRAM (ROXBURY/SOUTH END) 20,000
    HARLEM GROWN
    127 W 127TH STREET SUITE 201
    NEW YORK,NY10027     		N/A PC HARLEM GROWN YOUTH LEADERSHIP PROGRAMMING 20,000
    HATTIE CARTHAN COMMUNITY GARDEN
    677 LAFAYETTE AVE
    BROOKLYN,NY11216     		N/A PC GENERAL SUPPORT 25,000
    JOHN BARTRAM ASSOCIATION
    54TH STREET AND LINDBERGH BOULEVARD
    PHILADELPHIA,PA19143     		N/A PC YOUTH-LED AGRICULTURE AND LOCAL FOOD SOVEREIGNTY AT THE SANKOFA COMMUNITY FARM AT BARTRAM'S GARDEN 30,000
    LAND TRUST ALLIANCE
    1250 H STREET NW STE 600
    WASHINGTON,DC20005     		N/A PC ADDRESSING CLIMATE CHANGE THROUGH LAND CONSERVATION 35,000
    LION'S TOOTH PROJECT
    400 RUGBY ROAD
    BROOKLYN,NY11226     		N/A PC LION'S TOOTH PROJECT 10,000
    MA FOOD SYSTEM COLLABORATIVE
    324 WELLS STREET
    GREENFIELD,MA01301     		N/A PC GENERAL SUPPORT. 35,000
    MAKE THE ROAD PA
    347 N 8TH STREET
    ALLENTOWN,PA18102     		N/A PC REDISTRICTING 25,000
    MILL CITY GROWS
    650 SUFFOLK STREET SUITE G10
    LOWELL,MA01854     		N/A PC LOWELL'S URBAN FARM AND YOUTH FOOD JUSTICE 25,000
    NATIONAL CAUCUS OF ENVIRONMENTAL LEGISLATORS
    1100 H STREET NW SUITE 600
    WASHINGTON,DC20005     		N/A PC ADVANCING CARBON REDUCTION STRATEGIES IN THE SOUTHEAST 40,000
    NATIONAL VOTE AT HOME INSTITUTE
    PO BOX 65752
    WASHINGTON,DC20035     		N/A PC NATIONAL VOTE AT HOME INSTITUTE 50,000
    NATURAL RESOURCES COUNCIL OF MAINE
    3 WADE STREET
    AUGUSTA,ME04330     		N/A PC IMPLEMENTING MAINE'S CLIMATE ACTION PLAN 40,000
    NEW YORK LAWYERS FOR THE PUBLIC INTEREST
    151 W 30TH STREET 11TH FLOOR
    NEW YORK,NY10001     		N/A PC PEAK CAMPAIGN 100,000
    NISKANEN CENTER
    820 FIRST STREET NE SUITE 675
    WASHINGTON,DC20002     		N/A PC NISKANEN CENTER CLIMATE POLICY PROJECT 20,000
    NORRIS SQUARE NEIGHBORHOOD PROJECT
    2141 N HOWARD STREET
    PHILADELPHIA,PA19122     		N/A PC GENERAL SUPPORT 20,000
    NORTH CAROLINA BLACK ALLIANCE
    PO BOX 27886
    RALEIGH,NC27611     		N/A PC NORTH CAROLINA BLACK ALLIANCE CIVIC ENGAGEMENT 25,000
    NORTH CAROLINA SUSTAINABLE ENERGY ASSOCIATION
    4800 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609     		N/A PC NCSEA PAYS AND INNOVATIVE ENERGY SOLUTIONS INITIATIVE 30,000
    NORTH STAR FUND
    520 8TH AVENUE SUITE 1800
    NEW YORK,NY10018     		N/A PC COMMUNITY FOOD FUNDERS 20,000
    NORTHEAST ENERGY EFFICIENCY PARTNERSHIPS
    81 HARTWELL AVENUE
    LEXINGTON,MA02421     		N/A PC GENERAL SUPPORT 75,000
    NORTHEAST SUSTAINABLE AGRICULTURE WORKING GROUP (NESAWG)
    PO BOX 2247
    KINGSTON,NY12402     		N/A PC YOUTH LEADERSHIP, URBAN AG, POLICY ADVOCACY AND EQUITY-CENTERED STRATEGIC PLANNING 25,000
    NRDC
    40 W 20TH STREET
    NEW YORK,NY10011     		N/A PC PROTECTING FORESTS FROM DIRTY AND DESTRUCTIVE BIOENERGY 40,000
    ONE ART COMMUNITY CENTER (OACC)
    1431 N 52ND STREET
    PHILADELPHIA,PA19131     		N/A PC URBAN AQUAPONIC GREENHOUSE LEARNING LAB 25,000
    OPEN SPACE INSTITUTE
    1350 BROADWAY SUITE 201
    NEW YORK,NY10018     		N/A PC CRADLE OF THE APPALACHIANS EQUITY CATALYST PROGRAM 45,000
    ORGANIZING EMPOWERMENT FUND
    2800 ROYAL AVENUE SUITE 204
    MONONA,WI53713     		N/A PC ORGANIZING EMPOWERMENT FUND 50,000
    OUR CLIMATE EDUCATION FUND
    PO BOX 221012
    SEATTLE,WA98102     		N/A PC CARBON PRICING YOUTH ENGAGEMENT IN THE NORTHEAST 30,000
    PARTNERSHIP FOR POLICY INTEGRITY
    54 ARNOLD ROAD
    PELHAM,MA01002     		N/A PC PROTECTING MASSACHUSETT'S SCIENCE-BASED CARBON ACCOUNTING FOR BIOMASS ENERGY 25,000
    PENNSYLVANIA HORTICULTURAL SOCIETY
    100 N 20TH STREET
    PHILADELPHIA,PA19103     		N/A PC ADVANCING LONG-TERM SUSTAINABILITY OF COMMUNITY GARDENS IN PHILADELPHIA 20,000
    PENNSYLVANIA VOICE
    123 SOUTH BROAD STREET SUITE 630
    PHILADELPHIA,PA19109     		N/A PC 2021 CHAMPIONING GOOD GOVERNANCE 50,000
    PHILANTHROPY MA
    55 COURT STREET SUITE 520
    BOSTON,MA02108     		N/A PC GENERAL SUPPORT 4,300
    POWER
    1429 N 11TH STREET
    PHILADELPHIA,PA19122     		N/A PC POWER - DEFENDING DEMOCRACY THROUGH YEAR-ROUND VOTER ENGAGEMENT 25,000
    PUBLIC INTEREST LAW CENTER OF PHILADELPHIA
    2 PENN CENTER SUITE 802
    PHILADELPHIA,PA19102     		N/A PC GARDEN JUSTICE LEGAL INITIATIVE 50,000
    RED HOOK INITIATIVE
    767 HICKS STREET
    BROOKLYN,NY11231     		N/A PC RED HOOK FARMS - AN URBAN YOUTH-CENTERED FARM IN RED HOOK, BROOKLYN 25,000
    REGIONAL ENVIRONMENTAL COUNCIL INC
    PO BOX 255 9 CASTLE STREET
    WORCESTER,MA01613     		N/A PC YOUTHGROW (YOUTH GROWING ORGANICS IN WORCESTER) 30,000
    REPUBLICEN
    GEORGE MASON UNIVERSITY 4400
    UNIVERSITY DRIVE MS 6A8
    FAIRFAX,VA22030     		N/A PC ENERGY AND ENTERPRISE INITIATIVE (REPUBLICEN.ORG) 30,000
    RISEBORO COMMUNITY PARTNERSHIP
    565 BUSHWICK AVENUE
    BROOKLYN,NY11206     		N/A PC BUSHWICK GROWS COMMUNITY FARM 20,000
    ROCKAWAY YOUTH TASK FORCE
    1920 MOTT AVENUE SUITE 5
    FAR ROCKAWAY,NY11691     		N/A PC ROCKAWAY ROOTS 25,000
    ROOTS RISING
    PO BOX 1805
    PITTSFIELD,MA01202     		N/A PC RE-LAUNCHING OUR YOUTH CREWS AND PLANNING AN URBAN YOUTH FARM 20,000
    SOIL GENERATION
    1449 N 30TH STREET
    PHILADELPHIA,PA19119     		N/A PC GENERAL SUPPORT 30,000
    SOUL FIRE FARM INSTITUTE INC
    1972 NY HIGHWAY 2
    PETERSBURGH,NY12138     		N/A PC UPROOTING RACISM, SEEDING SOVEREIGNTY 25,000
    SOUTHEAST ASIAN COALITION OF CENTRAL MASSACHUSETTS
    484 MAIN STREET SUITE 400
    WORCESTER,MA01608     		N/A PC SOUTHEAST ASIAN INTER-GENERATION URBAN FARMING AND YOUTH LEADERSHIP 15,000
    SOUTHEAST ENERGY EFFICIENCY ALLIANCE
    50 HURT PLAZA SUITE 1250
    ATLANTA,GA30303     		N/A PC ILLUMINATING INEQUITY IN SOUTHEAST ENERGY POLICY 50,000
    SOUTHEAST SUSTAINABILITY DIRECTORS NETWORK
    9 VON RUCK TERRACE
    ASHEVILLE,NC28801     		N/A PC LEVERAGING LOCAL GOVERNMENT INFLUENCE FOR ENERGY EFFICIENCY IN THE SOUTH 50,000
    SOUTHERN ALLIANCE FOR CLEAN ENERGY
    PO BOX 1842
    KNOXVILLE,TN37901     		N/A PC PROMOTING ENERGY EFFICIENCY IN THE SOUTHEAST 100,000
    SOUTHERN COALITION FOR SOCIAL JUSTICE
    1415 W NC HIGHWAY 54
    DURHAM,NC27707     		N/A PC 2021-2023 REDISTRICTING ADVOCACY AND LITIGATION INITIATIVE 25,000
    SOUTHERN CONSERVATION PARTNERS
    PO BOX 33222
    RALEIGH,NC27636     		N/A PC FOCUS ON THE FUTURE OF NATURAL HERITAGE AND BIODIVERSITY CONSERVATION IN SOUTHEASTERN U.S. 2,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    201 WEST MAIN STREET SUITE 14
    CHARLOTTESVILLE,VA22902     		N/A PC PROMOTING ENERGY EFFICIENCY AS THE FIRST ENERGY RESOURCE OF THE SOUTHEAST 150,000
    STANDEARTH
    548 MARKET STREET SUITE 74196
    SAN FRANCISCO,CA94104     		N/A PC HEALTHY FORESTS CAMPAIGN 40,000
    THE CAMPAIGN AGAINST HUNGER
    PO BOX 330532
    BROOKLYN,NY11233     		N/A PC GREEN TEENS INTERNSHIP PROGRAM 25,000
    THE FOOD PROJECT
    10 LEWIS STREET
    LINCOLN,MA01773     		N/A PC THE FOOD PROJECT: EMPOWERING YOUTH, GROWING COMMUNITIES 25,000
    TIDES FOUNDATION
    PO BOX 29903
    SAN FRANCISCO,CA94129     		N/A PC CANOPY'S TRANSFORMING THE PACKAGING SUPPLY CHAIN TO PROTECT THE WORLDS FORESTS 70,000
    TRANSPORTATION FOR AMERICA
    1152 15TH STREET NW SUITE 450
    WASHINGTON,DC20005     		N/A PC PROTECTING AND EXPANDING TRANSIT THROUGH COVID-19 AND ECONOMIC RECOVERY 50,000
    TRUST FOR PUBLIC LAND
    6 BEACON STREET SUITE 615
    BOSTON,MA02108     		N/A PC SOUTHERN APPALACHIAN CONSERVATION FINANCE INITIATIVE 40,000
    UNION OF CONCERNED SCIENTISTS
    2 BRATTLE SQUARE
    CAMBRIDGE,MA02138     		N/A PC ADVANCING A REGIONAL CAP AND INVEST PROGRAM FOR A CLEAN, EQUITABLE TRANSPORTATION SYSTEM 50,000
    UNITED COMMUNITY CENTERS
    613 NEW LOTS AVENUE
    BROOKLYN,NY11207     		N/A PC EAST NEW YORK FARMS! 50,000
    URBAN CREATORS
    2315 N 11TH STREET
    PHILADELPHIA,PA19133     		N/A PC GENERAL SUPPORT 25,000
    URBAN FARMING INSTITUTE
    487R NORFOLK STREET
    MATTAPAN,MA02126     		N/A PC GENERAL SUPPORT 30,000
    URBAN TREE CONNECTION
    1445 N 52ND STREET
    PHILADELPHIA,PA19131     		N/A PC YOUTH APPRENTICESHIP PROGRAM 25,000
    VIETLEAD
    320 W OREGON AVENUE SUITE 3C-1
    PHILADELPHIA,PA19148     		N/A PC RESILIENT ROOTS FARM PROGRAM 30,000
    Total .................................bullet 3a 3,209,580
    bApproved for future payment
    BLUEPRINT NC
    3125 POPLARWOOD COURT SUITE 300
    RALEIGH,NC27604     		N/A PC BUILDING COMMUNITY POWER AND RESILIENCY IN NC 50,000
    CASA PENNSYLVANIA
    8151 15TH AVENUE
    HYATTSVILLE,MD20783     		N/A PC DEFENDING OUR DEMOCRACY IN PENNSYLVANIA 25,000
    CIVIL EATS
    502 E COTATI AVENUE SUITE 7014
    COTATI,CA94931     		N/A PC GENERAL SUPPORT 10,000
    CONSERVATION LAW FOUNDATION
    62 SUMMER STREET
    BOSTON,MA02110     		N/A PC ADVANCING STATE-BASED DECARBONIZATION STRATEGIES 50,000
    EL PUEBLO
    2321 CRABTREE BOULEVARD SUITE 105
    RALEIGH,NC27604     		N/A PC ENGAGING NC'S LATINX COMMUNITY, BUILDING FOR 2024 AND BEYOND 25,000
    JOHN BARTRAM ASSOCIATION
    54TH STREET AND LINDBERGH BOULEVARD
    PHILADELPHIA,PA19143     		N/A PC YOUTH-LED AGRICULTURE AND LOCAL FOOD SOVEREIGNTY AT THE SANKOFA COMMUNITY FARM AT BARTRAM'S GARDEN 30,000
    MAKE THE ROAD PA
    347 N 8TH STREET
    ALLENTOWN,PA18102     		N/A PC REDISTRICTING 25,000
    NATIONAL VOTE AT HOME INSTITUTE
    PO BOX 65752
    WASHINGTON,DC20035     		N/A PC NATIONAL VOTE AT HOME INSTITUTE 50,000
    NORTH CAROLINA BLACK ALLIANCE
    PO BOX 27886
    RALEIGH,NC27611     		N/A PC NORTH CAROLINA BLACK ALLIANCE CIVIC ENGAGEMENT 25,000
    NORTH CAROLINA SUSTAINABLE ENERGY ASSOCIATION
    4800 SIX FORKS ROAD SUITE 300
    RALEIGH,NC27609     		N/A PC NCSEA PAYS AND INNOVATIVE ENERGY SOLUTIONS INITIATIVE 30,000
    OPEN SPACE INSTITUTE
    1350 BROADWAY SUITE 201
    NEW YORK,NY10018     		N/A PC CRADLE OF THE APPALACHIANS EQUITY CATALYST PROGRAM 45,000
    ORGANIZING EMPOWERMENT FUND
    2800 ROYAL AVENUE SUITE 204
    MONONA,WI53713     		N/A PC ORGANIZING EMPOWERMENT FUND 50,000
    PENNSYLVANIA VOICE
    123 SOUTH BROAD STREET SUITE 630
    PHILADELPHIA,PA19109     		N/A PC 2021 CHAMPIONING GOOD GOVERNANCE 50,000
    PLANNED PARENTHOOD
    PO BOX 97166
    WASHINGTON,DC20090     		N/A PC GENERAL SUPPORT 7,000
    POWER
    1429 N 11TH STREET
    PHILADELPHIA,PA19122     		N/A PC POWER - DEFENDING DEMOCRACY THROUGH YEAR-ROUND VOTER ENGAGEMENT 25,000
    PUBLIC INTEREST LAW CENTER OF PHILADELPHIA
    2 PENN CENTER SUITE 802
    PHILADELPHIA,PA19102     		N/A PC GARDEN JUSTICE LEGAL INITIATIVE 50,000
    RED HOOK INITIATIVE
    767 HICKS STREET
    BROOKLYN,NY11231     		N/A PC RED HOOK FARMS - AN URBAN YOUTH-CENTERED FARM IN RED HOOK, BROOKLYN 25,000
    REGIONAL ENVIRONMENTAL COUNCIL INC
    PO BOX 255
    WORCESTER,MA01613     		N/A PC YOUTHGROW (YOUTH GROWING ORGANICS IN WORCESTER) 30,000
    SOUTHEAST ENERGY EFFICIENCY ALLIANCE
    50 HURT PLAZA SUITE 1250
    ATLANTA,GA30303     		N/A PC ILLUMINATING INEQUITY IN SOUTHEAST ENERGY POLICY 50,000
    SOUTHERN COALITION FOR SOCIAL JUSTICE
    1415 W NC HIGHWAY 54
    DURHAM,NC27707     		N/A PC 2021-2023 REDISTRICTING ADVOCACY AND LITIGATION INITIATIVE 25,000
    SOUTHERN ENVIRONMENTAL LAW CENTER
    201 W MAIN STREET SUITE 14
    CHARLOTTESVILLE,VA22902     		N/A PC PROMOTING ENERGY EFFICIENCY AS THE FIRST ENERGY RESOURCE OF THE SOUTHEAST 150,000
    STANDEARTH
    548 MARKET STREET SUITE 74196
    SAN FRANCISCO,CA94104     		N/A PC HEALTHY FORESTS CAMPAIGN 40,000
    THE FOOD PROJECT
    10 LEWIS STREET
    LINCOLN,MA01773     		N/A PC THE FOOD PROJECT: EMPOWERING YOUTH, GROWING COMMUNITIES 25,000
    UNITED COMMUNITY CENTERS
    613 NEW LOTS AVENUE
    BROOKLYN,NY11207     		N/A PC EAST NEW YORK FARMS! 50,000
    URBAN CREATORS
    2315 N 11TH STREET
    PHILADELPHIA,PA19133     		N/A PC GENERAL SUPPORT 25,000
    VIETLEAD
    320 W OREGON AVENUE SUITE 3C-1
    PHILADELPHIA,PA19148     		N/A PC RESILIENT ROOTS FARM PROGRAM 30,000
    Total .................................bullet 3b 997,000
    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 ...........     		    14 681  
    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 6,785,893  
    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 7,646,996 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    7,646,996
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    MERCK FAMILY FUND
     
    Employer identification number

    22-6063382
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    MERCK FAMILY FUND
          		Employer identification number
    22-6063382
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    NATHANIEL CHAMBERLIN
    PO BOX 870245
     
    MILTON VILLAGE, MA021870245

    		$ 101,142


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    MERCK FAMILY FUND
          		Employer identification number

    22-6063382
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 T. ROWE PRICE LARGE-CAP GROWTH FUND I CLASS (TRLGX) 1,523.000 SHARES $ 101,142 2021-02-16
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    MERCK FAMILY FUND
          		Employer identification number

    22-6063382
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FINANCIAL STATEMENT REVIEW 12,150 0   12,150
    TAX RETURN PREPARATION 11,850 0   6,350

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ABBOTT LABS FXD RT SR NT 2.950% 03/15/25 (002824BB5) 40,000 QTY 42,013 42,013
    ABBVIE INC SR NT 2.600% 11/21/24 (00287YBZ1) 45,000 QTY 46,705 46,705
    ABBVIE INC SR NT FLTG ACCD INV 3.200% 11/21/29 (00287YBX6) 35,000 QTY 37,457 37,457
    ALEXANDRIA REAL ESTATE EQUITIES INC 4.900% 12/15/30 (015271AU3) 15,000 QTY 18,035 18,035
    AMERICAN EXPRESS CO FXD RT NT 3.700% 08/03/23 (025816BW8) 35,000 QTY 36,496 36,496
    AMERICAN HONDA FIN CORP MED TERM NTS 0.650% 09/08/23 (02665WDM0) 30,000 QTY 29,912 29,912
    AMERICAN HONDA FIN CORP MED TERM NTS 1.200% 07/08/25 (02665WDL2) 40,000 QTY 39,861 39,861
    AMERICAN TOWER CORP NEW FIXED RATE 3.125% 01/15/27 (03027XAM2) 20,000 QTY 20,950 20,950
    AMERICAN TOWER CORP NEW ST NT 0.600% 01/15/24 (03027XBH2) 15,000 QTY 14,843 14,843
    AMGEN INC FXD RT SR NT 2.250% 08/19/23 (031162CH1) 35,000 QTY 35,757 35,757
    AMGEN INC SR NT 2.200% 02/21/27(031162CT5) 30,000 QTY 30,726 30,726
    ANTHEM INC FXD RT NT 3.350% 12/01/24 (036752AC7) 30,000 QTY 31,701 31,701
    AON CORP GTD SR NT 2.800% 05/15/30 (037389BE2) 40,000 QTY 41,264 41,264
    AON PLC GTD SR NT 3.500% 06/14/24 (00185AAF1) 30,000 QTY 31,534 31,534
    APPLE INC FXD RT NT 2.850% 02/23/23 (037833BU3) 40,000 QTY 40,837 40,837
    AT&T INC FXD RT SR NT 4.300% 02/15/30 (00206RGQ9) 30,000 QTY 33,796 33,796
    AT&T INC FXD RT SR NT 4.450% 04/01/24 (00206RDC3) 50,000 QTY 53,377 53,377
    BANK AMER CORP FXD RT NT SERIES L 4.000% 04/01/24 (06051GFF1) 60,000 QTY 63,794 63,794
    BANK AMER CORP SR NT FXD/FLTG 2.687% 04/22/32 (06051GJT7) 55,000 QTY 55,878 55,878
    BK OF NOVA SCOTIA 0.550% 09/15/23 (064159YM2) 45,000 QTY 44,744 44,744
    BK OF NOVA SCOTIA 0.550% 09/15/23 (064159YM2) 60,000 QTY 59,659 59,659
    BOSTON PPTYS LED PARTNERSHIP GTD 3.800% 02/01/24 (10112RAW4) 10,000 QTY 10,460 10,460
    BOSTON PPTYS LTD PARTNERSHIP SR NT 2.750% 10/01/26 (10112RAY0) 20,000 QTY 20,822 20,822
    CANADIAN PAC RY CO NEW GTD ST NT 1.750% 12/02/26 (13645RBE3) 10,000 QTY 10,051 10,051
    CARRIER GLOBAL CORP NT 2.24% 02/15/25 (14448CAN4) 15,000 QTY 15,366 15,366
    CATERPILLAR FINL SVCS CORP MEDIUM TERM 0.450% 09/14/23 (14913R2F3) QTY 54,756 54,756
    CHUBB INA HLDGS INC GTD SR NT 1.375% 09/15/30 (171239AG1) 40,000 QTY 37,716 37,716
    CITIGROUP INC FXD TO FLTG SR NT 3.668% 07/24/28 (172967LP4) 45,000 QTY 48,567 48,567
    CITIGROUP INC NT FXD/FLTG RATE 1.678% 05/15/24 (172967MR9) 65,000 QTY 65,726 65,726
    CNH INDL CAP LLC NT 1.950% 07/02/23 (12592BAK0) 15,000 QTY 15,197 15,197
    COMCAST CORP GTD FXD RT SR NOTE 4.150% 10/15/28 (20030NCT6) 50,000 QTY 56,807 56,807
    CVS HEALTH CORP FXD RT SR NT 4.300% 03/25/28 (126650CX6) 35,000 QTY 39,305 39,305
    EQUINIX INC SR NT 3.200% 11/18/29 (29444UBE5) 15,000 QTY 15,781 15,781
    GENERAL MLS INC FXD RT SR NT 3.700% 10/17/23 (370334CE2) 30,000 QTY 31,394 31,394
    GOLDMAN SACHS GROUP INC SR GLOBAL NT 0.673% 03/08/24 (38141GXZ2) 50,000 QTY 49,778 49,778
    GOLDMAN SACHS GROUP INC SR NT 3.625% 01/22/23 (38141GRD8) 15,000 QTY 15,449 15,449
    HOME DEPOT INC FXD RT SR NT 3.350% 09/15/25 (437076BK7) 35,000 QTY 37,380 37,380
    INTEL CORP FXD RT SR NT 3.700% 07/29/25 (458140AS9) 55,000 QTY 59,371 59,371
    INTERCONTINENTAL EXCHANGE INC SR NT 0.700% 06/15/23 (45866FAM6) 30,000 QTY 29,972 29,972
    JPMORGAN CHASE & CO 2.580% 04/22/32 (46647PCC8) 53,000 QTY 53,742 53,742
    JPMORGAN CHASE & CO NT FIXED/FLTG 0.697% 03/16/24 (46647PBZ8) 65,000 QTY 64,846 64,846
    KEURIG DR PEPPER INC SR NT 144A 4.057% 05/25/23 (49271VAG5) 30,000 QTY 31,280 31,280
    LINCOLN NATL CORP IND SR NT 3.050% 01/15/30 (534187BJ7) 15,000 QTY 15,613 15,613
    LOWES COS INC FXD RT SR NT 3.100% 05/03/27 (54866PD9) 35,000 QTY 37,365 37,365
    MARSH & MCLENNAN COS INC FXD RT SR 3.500% 06/03/24 (571748AV4) 35,000 QTY 36,908 36,908
    MASTERCARD INC NT 3.300% 03/26/27 (57636QAR5) 55,000 QTY 59,472 59,472
    MERCK & CO INC NEW FXD RT 2.800% 05/18/23 (58933YAF2) 75,000 QTY 77,213 77,213
    MERCK & CO INC NEW NT 3.400% 03/07/29 (58933YAX3) 45,000 QTY 48,996 48,996
    MICROSOFT CORP FXD RT NT 2.700% 02/12/25 (594918BB9) 40,000 QTY 41,893 41,893
    MITSUBISHI UFJ FINANCIAL GROUP INC 3.455% 03/02/23 (606822AT) 55,000 QTY 56,643 56,643
    MORGAN STANLET FXD RT SR NTS 3.700% 10/23/24 (61761JVL0) 35,000 QTY 37,281 37,281
    MORGAN STANLEY SR NT FIXED/FLTG 0.529% 01/25/24 (6174468W2) 50,000 QTY 49,832 49,832
    NIKE INC NT 2.750% 03/27/27 (654106AJ2) 55,000 QTY 58,303 58,303
    PEPSICO INC FXD RT SR NT 3.000% 10/15/27 (713448DY1) 35,000 QTY 37,542 37,542
    PEPSICO INC SR NT 0.750% 05/01/23 (713448EY0) 50,000 QTY 50,068 50,068
    PNC FINL SVCS GROUP INC SR NT 3.500% 01/23/24 (693475AV7) 20,000 QTY 20,945 20,945
    ROYAL BK CDA GLOBAL MEDIUM TERM SR 0.425% 01/19/24 (78015K7L2) 45,000 QTY 44,454 44,454
    SALESFORCE COM INC NT 0.625% 7/15/24 (79466LAG9) 50,000 QTY 49,545 49,545
    SIMON PPTY GROUP L P FXD RT NT 3.375% 10/01/24 (828807CS4) 55,000 QTY 57,863 57,863
    STATE STR CORP FXD RT SR NT 3.550% 08/18/25 (857477AT0) 45,000 QTY 48,500 48,500
    THERMO FISHER SCIENTIFIC INC SR NT 1.215% 10/18/24 (883556CS9) 30,000 QTY 29,972 29,972
    TORONTO DOMINION BANK NOTES 3.250% 03/11/24 (89114QCB2) 45,000 QTY 47,033 47,033
    TORONTO DOMINION BK SR MEDIUM TERM 0.750% 01/06/26 (89114QCP1) 60,000 QTY 58,174 58,174
    UNITEDHEALTH GROUP INC NT 3.500% 02/15/24 (91324PDM1) 55,000 QTY 57,972 57,972
    VERIZON COMMUNICATIONS INC NT 0.750% 03/22/24 (92343VGF5) 65,000 QTY 64,745 64,745
    VERIZON COMMUNICATIONS INC NT 1.500% 09/18/30 (92343VFL3) 21,000 QTY 19,718 19,718
    WALT DISNEY CO GTD NT 2.000% 09/01/29 (254687FL5) 50,000 QTY 49,784 49,784
    WELLTOWER INC NT 3.625% 03/15/24 (95040QAG9) 15,000 QTY 15,778 15,778
    WESTPAK BKG CORP NTS 3.300% 02/26/24 (961214EC3) 45,000 QTY 47,213 47,213

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Name of Stock End of Year Book Value End of Year Fair Market Value
    3M CO (MMM) 300.000 SHARES 53,289 53,289
    908 DEVICES INC COM (MASS) 667.000 SHARES 17,255 17,255
    A P MOLLER MAERSK AS (AMKBY) 6,866.000 SHARES 123,052 123,052
    ABBVIE INC (ABBV) 169.000 SHARES 22,883 22,883
    ACCENTURE PLC IRELAND CLASS (ACN) 650.000 SHARES 269,457 269,457
    ACCO BRANDS CORP (ACCO) 11,840.00 SHARES 97,798 97,798
    ADAPTIVE BIOTECHNOLOGIES CORP COM (ADPT) 652.000 SHARES 18,295 18,295
    ADDUS HOMECARE CORP COM (ADUS) 365.000 SHARES 34,131 34,131
    ADIDAS SALOMON (ADDYY) 321.000 SHARES 46,224 46,224
    ADOBE SYS INC (ADBE) 234.000 SHARES 132,692 132,692
    AIA GROUP LTD (AAGIY) 827.000 SHARES 33,348 33,348
    AIR LIQUIDE (AIQUY) 1,140.000 SHARES 39,752 39,752
    AKAMAI TECHNOLOGIES INC (AKAM) 361.000 SHARES 42,251 42,251
    ALCON SA ACT (ALC) 220.000 SHARES 19,498 19,498
    ALIBABA GROUP HLDG LTD (BABA) 310.000 SHARES 36,825 36,825
    ALLSTATE CORP (ALL) 134.000 SHARES 15,765 15,765
    ALPHABET INC CAP STK CL C (GOOG) 140.000 SHARES 405,103 405,103
    ALPHABET INC CL A (GOOGL) 6.000 SHARES 17,382 17,382
    AMAZON COM INC (AMZN) 45.000 SHARES 150,045 150,045
    AMDOCS LTD (DOX) 189.000 SHARES 14,144 14,144
    AMEDISYS INC COM (AMED) 110.000 SHARES 17,807 17,807
    AMERESCO INC CL A (AMRC) 236.000 SHARES 19,220 19,220
    AMERICAN EXPRESS COMPANY (AXP) 229.000 SHARES 37,464 37,464
    AMERICAN FINL GROUP INC (AFG) 587.000 SHARES 80,607 80,607
    AMERICAN TOWER CORP (AMT) 324.000 SHARES 94,770 94,770
    AMERICOLD RLTY TR COM (COLD) 215.000 SHARES 7,050 7,050
    AMERISAFE INC (AMSF) 577.000 SHARES 31,060 31,060
    AMGEN INC (AMGN) 129.000 SHARES 29,021 29,021
    ANALOG DEVICES INC (ADI) 543.000 SHARES 95,443 95,443
    ANAPLAN INC COM (PLAN) 340.000 SHARES 15,589 15,589
    ANTHEM INC (ANTM) 53.000 SHARES 24,568 24,568
    APPLE HOSPITALITY REIT INC COM NEW (APLE) 1,118.000 SHARES 18,056 18,056
    APPLE INC (AAPL) 1,966.000 SHARES 349,103 349,103
    APPLIED INDL TECHNOLOGIES INC (AIT) 304.000 SHARES 31,221 31,221
    APPLIED MATERIALS INC (AMAT) 237.000 SHARES 37,294 37,294
    APTARGROUP INC (ATR) 633.000 SHARES 77,530 77,530
    APTIV PLC (APTV) 87.000 SHARES 14,350 14,350
    ASGN INC COM (ASGN) 264.000 SHARES 32,578 32,578
    ASPEN TECHNOLOGY INC (AZPN) 324.000 SHARES 49,313 49,313
    ASSA ABLOY (ASAZY) 3,009.000 SHARES 45,947 45,947
    AT&T INC (T) 1,893.000 SHARES 46,568 46,568
    ATKORE INC COM (ATKR) 1253.000 SHARES 139,321 139,321
    ATLAS COPCO (ATLCY) 449.000 SHARES 26,760 26,760
    ATMOS ENERGY CORP (ATO) 372.000 SHARES 38,974 38,974
    AUTODESK INC (ADSK) 237.000 SHARES 66,642 66,642
    AUTOMATIC DATA PROCESSING INC (ADP) 434.000 SHARES 107,016 107,016
    AUTOZONE INC (AZO) 29.000 SHARES 60,795 60,795
    AVERY DENNISON CORP (AVY) 383.000 SHARES 82,946 82,946
    AVIENT CORP COM (AVNT) 461.000 SHARES 25,793 25,793
    AVIVA PLC (AVVIY) 2,344.000 SHARES 26,054 26,054
    AXA SA (AXAHY) 5,951.000 SHARES 177,161 177,161
    AZEK CO INC CL A (AZEK) 1,831.000 SHARES 84,665 84,665
    BAKER HUGHES CO CL A (BKR) 719.000 SHARES 17,299 17,299
    BALL CORP (BLL) 375.000 SHARES 36,101 36,101
    BANCO BILBAO VIZCAYA ARGENTARIA SA (BBVA) 10,235.000 SHARES 60,079 60,079
    BANK OF AMERICA CORPORATION (BAC) 2,212.000 SHARES 98,412 98,412
    BANK OF NEW YORK MELLON CORP (BK) 359.000 SHARES 20,851 20,851
    BANK OZK LITTLE ROCK ARK COM (OZK) 247.000 SHARES 11,493 11,493
    BARCLAYS PLC (BCS) 8,288.000 SHARES 85,781 85,781
    BARRAT BUSINESS SERVICES INC (BBSI) 743.000 SHARES 51,312 51,312
    BARRAT DEVS PLC ADR (BTDPY) 3,552.000 SHARES 72,159 72,159
    BAYERISCHE MOTOREN WERKE (BMWYY) 2,858.000 SHARES 95,457 95,457
    BECTON DICKINSON & CO (BDX) 331.000 SHARES 83,240 83,240
    BED BATH & BEYOND INC COM (BBBY) 704.000 SHARES 10,264 10,264
    BERKELEY GROUP HLDGS PLC (BKGFY) 7,242.000 SHARES 97,188 97,188
    BIO RAD LABORATORIES INC CL A (BIO) 110.000 SHARES 83,113 83,113
    BIONTECH SE ADS (BNTX) 99.000 SHARES 25,522 25,522
    BLACKROCK INC (BLK) 24.000 SHARES 21,973 21,973
    BLACKSTONE INC COM (BX) 98.000 SHARES 12,680 12,680
    BLOCK INC CL A (SQ) 190.000 SHARES 30,687 30,687
    BLUEPRINT MEDICINES CORP COM (BPMC) 273.000 SHARES 29,241 29,241
    BNP PARIBAS (BNPQY) 2,760.000 SHARES 96,020 96,020
    BOOKING HLDGS INC (BKNG) 7.000 SHARES 16,795 16,795
    BRAEMAR HOTELS & RESORTS INC COM (BHR) 5,820.000 SHARES 29,682 29,682
    BRAMBLES (BXBLY) 1,161.000 SHARES 18,036 18,036
    BRENNTAG (BNTGY) 3,530.000 SHARES 63,787 63,787
    BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM (BFAM) 256.000 SHARES 32,225 32,225
    BRISTOL MYERS SQUIBB CO (BMY) 230.000 SHARES 14,341 14,341
    BROADRIDGE FINL SOLUTIONS INC (BR) 112.000 SHARES 20,476 20,476
    BROWN & BROWN INC (BRO) 489.000 SHARES 34,367 34,367
    BUILDERS FIRSTSOURCE INC COM (BLDR) 1,995.000 SHARES 170,991 170,991
    BYD CO LTD ADR (BYDDY) 432.000 SHARES 29,160 29,160
    C H ROBINSON WORLDWIDE INC (CHRW) 158.000 SHARES 17,006 17,006
    CADENCE DESIGN SYS INC (CDNS) 322.000 SHARES 60,005 60,005
    CALLAWAY GOLF CO COM (ELY) 815.000 SHARES 22,364 22,364
    CANADIAN PAC RY LTD COM (CP) 285.000 SHARES 20,503 20,503
    CAPITAL ONE FINL CORP COM (COF) 113.000 SHARES 16,395 16,395
    CARNIVAL CORP (CCL) 644.000 SHARES 12,957 12,957
    CARTERS INC (CRI) 219.000 SHARES 22,167 22,167
    CASTLE BIOSCIENCE INC COM (CSTL) 397.000 SHARES 17,019 17,019
    CATERPILLAR INC (CAT) 107.000 SHARES 22,121 22,121
    CAVCO INDS INC(DEL) COM (CVCO) 90.000 SHARES 28,589 28,589
    CBOE GLOBAL MKTS INC (CBOE) 137.000 SHARES 17,865 17,865
    CDK GLOBAL INC (CDK) 145.000 SHARES 6,052 6,052
    CHEMED CORP (CHE) 104.000 SHARES 55,020 55,020
    CHOICE HOTELS INTL INC (CHH) 360.000 SHARES 56,156 56,156
    CHOW TAI FOOK JEWLLERY GROUP LTD (CJEWY) 1,399.000 SHARES 25,042 25,042
    CHUBB LTD (CB) 253.000 SHARES 48,907 48,907
    CHURCH & DWIGHT CO INC (CHD) 482.000 SHARES 49,405 49,405
    CISCO SYSTEMS INC (CSCO) 1,200.000 SHARES 76,044 76,044
    CITIGROUP INC (C) 603.000 SHARES 36,415 36,415
    CITIZENS FINL GROUP INC (CFG) 721.000 SHARES 34,067 34,067
    CITRIX SYSTEMS INC (CTXS) 231.000 SHARES 21,850 21,850
    CLOROX CO (CLX) 69.000 SHARES 12,031 12,031
    CME GROUP INC COM (CME) 48.000 SHARES 10,966 10,966
    CMS ENERGY CORP (CMS) 139.000 SHARES 9,042 9,042
    CNH INDL (CNHI) 3,535.000 SHARES 68,615 68,615
    COCA COLA COMPANY (KO) 316.000 SHARES 18,710 18,710
    COCA COLA FEMSA SAB DE CV (KOF) 742.000 SHARES 40,654 40,654
    COGENT COMMUNICATIONS HLDGS INC (CCOI) 535.000 SHARES 39,151 39,151
    COHEN & STEERS INC (CNS) 246.000 SHARES 22,757 22,757
    COHU INC COM (COHU) 1,650.000 SHARES 62,849 62,849
    COLGATE PALMOLIVE CO (CL) 415.000 SHARES 35,416 35,416
    COLUMBIA BKG SYS INC (COLB) 1,549.000 SHARES 50,683 50,683
    COLUMBIA SPORTSWEAR CO (COLM) 240.000 SHARES 23,386 23,386
    COLUMBUS MCKINNON CORP N Y (CMCO) 2,127.000 SHARES 98,395 98,395
    COMCAST CORP CL A (CMCSA) 3,373.000 SHARES 169,763 169,763
    COMERICA INC (CMA) 289.000 SHARES 25,143 25,143
    COMMUNITY HEALTHCARE TR INC (CHCT) 1,077.000 SHARES 50,910 50,910
    COMPAGINE FINANCIERE RICHEMONT AG SWITZ (CFRUY) 4,984.000 SHARES 74,511 74,511
    COMPASS GROUP PLC (CMPGY) 4,040.000 SHARES 93,203 93,203
    CONMED CORP COM (CNMD) 356.000 SHARES 50,467 50,467
    CONSOLIDATED EDISON INC (ED) 475.000 SHARES 40,527 40,527
    CONSTELLATION BRANDS INC CL A (STZ) 73.000 SHARES 18,321 18,321
    COOPER COS INC (COO) 281.000 SHARES 117,722 117,722
    COSTCO WHOLESALE CORP (COST) 278.000 SHARES 157,821 157,821
    CRODA INTL (COIHY) 1,005.000 SHARES 71,737 71,737
    CUBESMART (CUBE) 1,136.000 SHARES 64,650 64,650
    CUMMINS INC (CMI) 356.000 SHARES 77,658 77,658
    CVS HEALTH CORP (CVS) 189.000 SHARES 19,497 19,497
    DAIKIN INDS LTD (DKILY) 3,022.000 SHARES 68,479 68,479
    DAITO TR CONSTR CO LTD (DIFTY) 896.000 SHARES 25,742 25,742
    DANA INC (DAN) 3,473.000 SHARES 79,254 79,254
    DANAHER CORP (DHR) 409.000 SHARES 134,565 134,565
    DASSAULT SYS S A (DASTY) 950.000 SHARES 56,696 56,696
    DEERE & CO (DE) 261.000 SHARES 89,494 89,494
    DELEK US HLDGS INC (DK) 2,601.000 SHARES 38,989 38,989
    DELTA AIRLINES INC (DAL) 559.000 SHARES 21,846 21,846
    DENTSPLY SIRONA INC (XRAY) 183.000 SHARES 10,210 10,210
    DEUTSCHE TELEKOM (DTEGY) 1,995.000 SHARES 36,927 36,927
    DIAMONDROCK HOSPITALITY CO (DRH) 4,952.000 SHARES 47,589 47,589
    DISNEY WALT CO (DIS) 164.000 SHARES 25,402 25,402
    DOLBY LABORATORIES INC CL A (DLB) 271.000 SHARES 25,805 25,805
    DOLLAR GEN CORP (DG) 308.000 SHARES 72,636 72,636
    DONALDSON INC (DCI) 1,265.000 SHARES 74,964 74,964
    DORMAN PRODS INC (DORM) 154.000 SHARES 17,404 17,404
    DOVER CORP (DOV) 124.000 SHARES 22,518 22,518
    DXC TECHNOLOGY CO (DXC) 555.000 SHARES 17,865 17,865
    DYNATRACE INC (DT) 713.000 SHARES 43,030 43,030
    EAST WEST BANCORP INC (EWBC) 467.000 SHARES 36,744 36,744
    EASTGROUP PPTYS INC (EGP) 302.000 SHARES 68,811 68,811
    EASTMAN CHEM CO (EMN) 168.000 SHARES 20,313 20,313
    EATON CORPORATION PLC (ETN) 129.000 SHARES 22,293 22,293
    EBAY INC COM (EBAY) 439.000 SHARES 29,194 29,194
    ECOLAB INC (ECL) 249.000 SHARES 58,413 58,413
    EDWARDS LIFESCIENCES CORP (EW) 689.000 SHARES 89,260 89,260
    EISAI CO LTD ADRS (ESALY) 279.000 SHARES 15,853 15,853
    ELECTRONIC ARTS INC (EA) 144.000 SHARES 18,994 18,994
    ENPHASE ENERGY INC COM (ENPH) 113.000 SHARES 20,672 20,672
    ENVADA PLC ADR (DAVA) 375.000 SHARES 62,970 62,970
    ENVESTNET INC COM (ENV) 245.000 SHARES 19,438 19,438
    ESTEE LAUDER COMPANIES INC CL A (EL) 172.000 SHARES 63,674 63,674
    ETSY INC (ETSY) 299.000 SHARES 65,463 65,463
    EVENTBRITE INC COM CL A (EB) 1,057.000 SHARES 18,434 18,434
    EVERBRIDGE INC COM (EVBG) 163.000 10,975 10,975
    EVERCORE INC CL A (EVR) 144.000 SHARES 19,562 19,562
    EVERSOURCE ENERGY (ES) 1,041.000 SHARES 94,710 94,710
    EXPEDITORS INTL WASH INC (EXPD) 354.000 SHARES 47,539 47,539
    F5 INC COM (FFIV) 156.000 SHARES 38,175 38,175
    FACTSET RESH SYS INC (FDS) 164.000 SHARES 79,706 79,706
    FATE THERAPEUTICS INC COM (FATE) 339.000 SHARES 19,835 19,835
    FEDEX CORP (FDX) 88.000 SHARES 22,760 22,760
    FERGUSON PLC (FERGY) 309.000 SHARES 54,837 54,837
    FIDELITY NATL INFORMATION SVCS INC COM (FIS) 168.000 SHARES 18,337 18,337
    FLOWERS FOODS INC (FLO) 2,287.000 SHARES 62,824 62,824
    FOCUS FINL PARTNERS INC CL A COM (FOCS) 383.000 SHARES 22,873 22,873
    FORD MOTOR CO DEL COM PAR (F) 567.000 SHARES 11,777 11,777
    FORTIVE CORP (FTV) 791.000 SHARES 60,345 60,345
    FOX FACTORY HLDG CORP COM (FOXF) 209.000 SHARES 35,551 35,551
    FRESENIUS MED CARE AKTIENGESELLSCHAFT (FMS) 1,339.000 SHARES 43,464 43,464
    FUTUREFUEL CORP (FF) 3,344.000 SHARES 25,548 25,548
    G III APPAREL GROUP LTD (GIII) 2,212.000 SHARES 61,140 61,140
    GENERAL MILLS INC COM (GIS) 134.000 SHARES 9,029 9,029
    GENERAL MTRS CO COM (GM) 384.000 SHARES 22,514 22,514
    GENPACT LTD (G) 285.000 SHARES 15,127 15,127
    GLOBUS MED INC CL A (GMED) 872.000 SHARES 62,958 62,958
    GOLDMAN SACHS GROUP INC (GS) 98.000 SHARES 37,490 37,490
    GOOSEHEAD INS INC COM CL A (GSHD) 205.000 SHARES 26,666 26,666
    GRAINGER WW INC (GWW) 40.000 SHARES 20,730 20,730
    GRAY TELEVISION INC (GTN) 4,145.000 SHARES 83,563 83,563
    GREENBRIER COS INC (GBX) 1,463.000 SHARES 67,137 67,137
    HALLIBURTON CO (HAL) 712.000 SHARES 16,283 16,283
    HAMILTON LANE INC CL A (HLNE) 246.000 SHARES 25,491 25,491
    HANG LUNG PPTYS LTD (HLPPY) 3,136.000 SHARES 32,803 32,803
    HARTFORD FINL SVCS GROUP INC (HIG) 294.000 SHARES 20,298 20,298
    HASBRO INC (HAS) 147.000 SHARES 14,962 14,962
    HDFC BK LTD (HDB) 260.000 SHARES 16,918 16,918
    HELEN OF TROY LTD (HELE) 122.000 SHARES 29,825 29,825
    HENKEL AG & CO KGAA (HENKY) 914.000 SHARES 18,024 18,024
    HENRY JACK & ASSOC INC (JKHY) 84.000 SHARES 14,027 14,027
    HERITAGE FINL CORP WASH (HFWA) 2,139.000 SHARES 52,277 52,277
    HERSHEY CO (HSY) 184.000 SHARES 35,598 35,598
    HEXCEL CORP (HXL) 950.000 SHARES 49,210 49,210
    HIKMA PHARMACEUTICAL PLC (HKMPY) 420.000 SHARES 25,305 25,305
    HITACHI LTD (HTHIY) 614.000 SHARES 66,539 66,539
    HOME DEPOT INC (HD) 290.000 SHARES 120,353 120,353
    HONDA MTR LTD (HMC) 1.374.000 SHARES 39,090 39,090
    HOST HOTELS & RESORTS INC (HST) 677.000 SHARES 11,773 11,773
    HOSTESS BRANDS INC CL A (TWNK) 4,368.000 SHARES 89,195 89,195
    HOULIHAN LOKEY INC CL A (HLI) 219.000 SHARES 22,671 22,671
    HOYA CORP (HOCPY) 752.000 SHARES 112,477 112,477
    HP INC COM (HPQ) 252.000 SHARES 9,493 9,493
    HUBBELL INC (HUBB) 645.000 SHARES 134,334 134,334
    HUMANA INC COM (HUM) 28.000 SHARES 12,988 12,988
    HUNTINGTON BANCSHARES INC COM (HBAN) 2,312.000 SHARES 35,651 35,651
    HURON CONSULTING GROUP INC COM (HURN) 622.000 SHARES 31,038 31,038
    HYPERA S A (HYPMY) 3,508.000 SHARES 17,522 17,522
    IAC INTERACTIVECORP (IAC) 355.000 SHARES 46,402 46,402
    IDEX CORP (IEX) 73.000 SHARES 17,251 17,251
    IDEXX LABS INC (IDXX) 146.000 SHARES 96,135 96,135
    II-VI INC (IIVI) 280.000 SHARES 19,132 19,132
    ILLINOIS TOOL WORKS INC (ITW) 107.000 SHARES 26,408 26,408
    ILLUMINA INC (ILMN) 22.000 SHARES 8,370 8,370
    INARI MED INC COM (NARI) 207.000 SHARES 18,893 18,893
    INDEPENDENT BK GROUP INC (IBTX) 981.000 SHARES 70,779 70,779
    INDUSTRIA DE DISENO TEXTIL INDITEX SA ADR (IDEXY) 2,218.000 SHARES 35,907 35,907
    INFINEON TECHNOLOGIES AG (IFNNY) 1,768.000 SHARES 81,328 81,328
    ING GROEP N V (ING) 7,159.000 SHARES 99,653 99,653
    INGEVITY CORP COM (NGVT) 729.000 SHARES 52,269 52,269
    INNOSPEC INC COM (IOSP) 199.000 SHARES 17,978 17,978
    INOTIV INC COM (NOTV) 138.000 SHARES 5,806 5,806
    INSPIRE MED SYS INC COM (INSP) 229.000 SHARES 52,684 52,684
    INSTEEL INDS INC COM (IIIN) 1,067.000 SHARES 42,477 42,477
    INTEGRA LIFESCIENCE HLDGS CORP COM NEW (IART) 701.000 SHARES 46,960 46,960
    INTEL CORP (INTC) 726.000 SHARES 37,389 37,389
    INTERNATIONAL BUSINESS MACHS CORP (IBM) 248.000 SHARES 33,148 33,148
    INTERPUBLIC GROUP COS INC (IPG) 1,891.000 SHARES 70,818 70,818
    INTESA SANPAOLO S P A (ISNPY) 2,567.000 SHARES 40,111 40,111
    INTL FLAVORS & FRAGRANCES INC (IFF) 85.000 SHARES 12,805 12,805
    INTUIT INCORPORATED (INTU) 170.000 SHARES 109,347 109,347
    INTUITIVE SURGICAL INC (ISRG) 95.000 SHARES 34,134 34,134
    INVESCO LTD (IVZ) 1,274.000 SHARES 29,327 29,327
    IPG PHOTONICS CORP (IPGP) 109.000 SHARES 18,763 18,763
    IRIDIUM COMMUNICATIONS INC (IRDM) 386.000 SHARES 15,938 15,938
    ITAU UNIBANCO HLDG SA NS (ITUB) 4,510.000 SHARES 16,913 16,913
    JAPAN AIRLS LTD (JAPSY) 3,107.000 SHARES 29,517 29,517
    JOHN BEAN TECHNOLOGIES CORP COM (JBT) 159.000 SHARES 24,416 24,416
    JOHNSON & JOHNSON (JNJ) 366.000 SHARES 62,612 62,612
    JOHNSON CTLS INTL PLC (JCI) 405.000 SHARES 32,930 32,930
    JONES LANG LASALLE INC (JLL) 203.000 SHARES 54,676 54,676
    JP MORGAN CHASE & CO (JPM) 1,324.000 SHARES 209,655 209,655
    JULIUS BAER GROUP LTD ADR (JBAXY) 1,397.000 SHARES 18,601 18,601
    JUNIPER NETWORKS INC (JNPR) 288.000 SHARES 10,284 10,284
    KAISER ALUM CORP (KALU) 334.000 SHARES 31,376 31,376
    KAO CORP (KAOOY) 1,759.000 SHARES 18,382 18,382
    KBC GROUP NV (KBCSY) 1,075.000 SHARES 46,333 46,333
    KERRY GROUP PLC (KRYAY) 334.000 SHARES 43,904 43,904
    KEYCORP NEW (KEY) 1,556.000 SHARES 35,990 35,990
    KION GROUP (KIGRY) 1,899.000 SHARES 52,317 52,317
    KOHLS CORP (KSS) 502.000 SHARES 24,794 24,794
    KONINKLIJKE PHILIPS N V (PHG) 1,191.000 SHARES 43,888 43,888
    KOPPERS HLDGS INC (KOP) 888.000 SHARES 27,794 27,794
    KYNDRYL HLDGS INC COM (KD) 29.000 SHARES 525 525
    LAM RESEARCH CORP (LRCX) 52.000 SHARES 37,396 37,396
    LAMAR ADVERTISING CO NEW CL A (LAMR) 246.000 SHARES 29,840 29,840
    LAMB WESTON HLDGS INC COM (LW) 310.000 SHARES 19,648 19,648
    LANCASTER COLONY CORP (LANC) 78.000 SHARES 12,917 12,917
    LANTHEUS HLDGS INC (LNTH) 2,584.000 SHARES 74,652 74,652
    LENDINGTREE INC NEW COM (TREE) 155.000 SHARES 19,003 19,003
    LINCOLN ELEC HLDGS INC (LECO) 193.000 SHARES 26,918 26,918
    LINDE PLC (LIN) 77.000 SHARES 26,675 26,675
    LIVANOVA PLC SHS (LIVN) 153.000 SHARES 13,376 13,376
    LIVENT CORP COM (LTHM) 1,334.000 SHARES 32,523 32,523
    LLOYDS BANKING GROUP PLC SPONS ADR (LYG) 11,570.000 SHARES 29,504 29,504
    LOWES COS INC (LOW) 179.000 SHARES 46,268 46,268
    LUMENTUM HLDGS INC (LITE) 222.000 SHARES 23,481 23,481
    M & T BK CORP (MTB) 338.000 SHARES 51,910 51,910
    MADDEN STEVEN LTD (SHOO) 1,772.000 SHARES 82,345 82,345
    MALIBU BOATS INC COM CL A (MBUU) 641.000 SHARES 44,056 44,056
    MANHATTAN ASSOCS INC (MANH) 215.000 SHARES 33,430 33,430
    MARSH & MCLENNAN COS INC (MMC) 550.000 SHARES 95,601 95,601
    MARVELL TECHNOLOGY INC COMMON (MRVL) 1,254.000 SHARES 109,712 109,712
    MASCO CORP (MAS) 863.000 SHARES 60,600 60,600
    MAXIMUM INC COM (MMS) 470.000 SHARES 37,445 37,445
    MCDONALDS CORP (MCD) 89.000 SHARES 23,858 23,858
    MEDPACE HLDGS INC (MEDP) 301.000 SHARES 65,510 65,510
    MEDTRONIC PLC (MDT) 621.000 SHARES 64,242 64,242
    MERCANTILE BK CORP (MBWM) 2,975.000 SHARES 104,214 104,214
    MERCK & CO INC (MRK) 1,251.000 SHARES 95,877 95,877
    MERCK & CO INC (MRK) 8,477.000 SHARES 649,677 649,677
    META PLATFORMS INC CL A (FB) 57.000 SHARES 19,172 19,172
    METSO OUTOTEC CORP (OUKPY) 8,296.000 SHARES 45,545 45,545
    MICROSOFT CORP (MSFT) 1,529.000 SHARES 514,233 514,233
    MIDDLEBY CORP (MIDD) 74.000 SHARES 14,560 14,560
    MKS INSTRS INC (MKSI) 226.000 SHARES 39,362 39,362
    MODEL N INC COM (MODN) 1,286.000 SHARES 38,619 38,619
    MODERNA INC (MRNA) 23.000 SHARES 5,842 5,842
    MONDELEZ INTL INC CL A (MDLZ) 312.000 SHARES 20,689 20,689
    MONDI PLC (MONDY) 1,280.000 SHARES 63,373 63,373
    MONOLITHIC PWR SYS INC (MPWR) 154.000 SHARES 75,973 75,973
    MONTROSE ENVIRONMENTAL GROUP INC COM (MEG) 178.000 SHARES 12,551 12,551
    MOODYS CORP (MCO) 97.000 SHARES 37,886 37,886
    MSCI INC COM (MSCI) 133.000 SHARES 81,488 81,488
    MTU AERO ENGINES AG (MTUAY) 419.000 SHARES 42,529 42,529
    NANOSTRING TECHNOLOGIES INC COM (NSTG) 487.000 SHARES 20,566 20,566
    NATERA INC COM (NTRA) 239.000 SHARES 22,320 22,320
    NATIONAL STORAGE AFFILIATES TR (NSA) 1,248.000 SHARES 86,362 86,362
    NCINO INC COM (NCNO) 337.000 SHARES 18,488 18,488
    NESTLE SA (NSRGY) 156.000 SHARES 21,898 21,898
    NETAPP INC (NTAP) 287.000 SHARES 26,401 26,401
    NEW YORK TIMES CO CL A (NYT) 384.000 SHARES 18,547 18,547
    NEXSTAR MEDIA GROUP INC CL A (NXST) 550.000 SHARES 83,039 83,039
    NIKE INC CL B (NKE) 920.000 SHARES 153,336 153,336
    NINTENDO LTD (NTDOY) 326.000 SHARES 19,029 19,029
    NORDSON CORP (NDSN) 168.000 SHARES 42,885 42,885
    NORTHERN TR CORP (NTRS) 767.000 SHARES 91,741 91,741
    NORTHRIM BANCORP INC (NRIM) 1,110.000 SHARES 48,241 48,241
    NORTHWEST PIPE CO COM (NWPX) 1,293.000 41,117 41,117
    NOVANTA INC (NOVT) 408.000 SHARES 71,943 71,943
    NOVARTIS AG (NVS) 700.000 SHARES 61,229 61,229
    NOVO NORDISK A.S.(NVO) 720.000 SHARES 80,640 80,640
    NVIDIA CORP (NVDA) 452.000 SHARES 132,938 132,938
    OLLIES BARGAIN OUTLET HLDGS INC COM (OLLI) 295.000 SHARES 15,101 15,101
    OLO INC CL A (OLO) 976.000 SHARES 20,311 20,311
    OMNICELL INC COM (OMCL) 485.000 SHARES 87,513 87,513
    OMNICOM GROUP INC (OMC) 462.000 SHARES 33,851 33,851
    ONE GAS INC (OGS) 296.000 SHARES 22,967 22,967
    ONTO INNOVATION INC (ONTO) 2,175.000 SHARES 220,175 220,175
    OPTION CARE HEALTH INC COM NEW (OPCH) 1,445.000 SHARES 41,096 41,096
    ORACLE CORP (ORCL) 1,025.000 SHARES 89,390 89,390
    ORGANNON & CO COM (OGN) 847.000 SHARES 25,791 25,791
    ORGANON & CO COM (OGN) 125.000 SHARES 3,806 3,806
    ORIX CORP (IX) 900.000 SHARES 91,602 91,602
    ORSTED A/S (DNNGY) 879.000 SHARES 37,560 37,560
    OVERSEA CHINEASE BKG CORP LTD ADR (OVCHY) 2,659.000 SHARES 45,017 45,017
    OXFORD INDS INC COM (OXM) 593.000 SHARES 60,201 60,201
    PACIFIC PREMIER BANCORP (PPBI) 1,280.000 SHARES 51,238 51,238
    PACIRA BIOSCIENCE INC COM (PCRX) 325.000 SHARES 19,555 19,555
    PACKAGING CORP AMER (PKG) 132.000 SHARES 17,972 17,972
    PALOMAR HLDGS INC COM (PLMR) 215.000 SHARES 13,926 13,926
    PARKER HANNIFIN CORP (PH) 76.000 SHARES 24,177 24,177
    PATRICK IND INC (PATK) 1,093.000 SHARES 88,194 88,194
    PAYPAL HLDGS INC (PYPL) 215.000 SHARES 40,545 40,545
    PEPSICO INC (PEP) 675.000 SHARES 117,254 117,254
    PERKINELMER INC (PKI) 280.000 SHARES 56,297 56,297
    PFIZER INC (PFE) 1,245.000 SHARES 73,517 73,517
    PHYSICIANS RLTY TR COM (DOC) 2,936.000 SHARES 55,285 55,285
    PINNACLE FINL PARTNERS INC (PNFP) 841.000 SHARES 80,316 80,316
    PNC FINL SVCS GROUP INC (PNC) 515.000 SHARES 103,268 103,268
    POWER INTEGRATIONS INC COM (POWI) 274.000 SHARES 25,452 25,452
    PPG INDS INC (PPG) 230.000 SHARES 39,661 39,661
    PRICE T ROWE GROUP INC (TROW) 331.000 SHARES 65,088 65,088
    PROCTER & GAMBLE CO (PG) 388.000 SHARES 63,469 63,469
    PROGRESS SOFTWARE CORP (PRGS) 906.000 SHARES 43,733 43,733
    PROGRESSIVE CORP OH (PGR) 145.000 SHARES 14,884 14,884
    PROLOGIS INC (PLD) 134.000 SHARES 22,560 22,560
    PRUDENTIAL FINL INC (PRU) 217.000 SHARES 23,488 23,488
    PRYSMIAN SPA (PRYMY) 2,398.000 SHARES 45,094 45,094
    PT BK RAKYAT (BKRKY) 1,654.000 SHARES 23,735 23,735
    QUALCOMM INC (QCOM) 114.000 SHARES 20,847 20,847
    RAYMOND JAMES FINL INC (RJF) 244.000 SHARES 24,498 24,498
    RECRUIT HLDGS CO LTD (RCRUY) 3,276.000 SHARES 39,902 39,902
    REGENCY CTRS CORP (REG) 161.000 SHARES 12,131 12,131
    REGENERON PHARMACEUTICALS INC (REGN) 25.000 SHARES 15,788 15,788
    REINSURANCE GROUP AMER INC (RGA) 280.000 SHARES 30,657 30,657
    RELIANCE STL & ALUM CO (RS) 660.000 SHARES 107,065 107,065
    RESMED INC (RMD) 63.000 SHARES 16,410 16,410
    REVOLVE GROUP INC CL A (RVLV) 295.000 SHARES 16,532 16,532
    RITCHIE BROS AUCTIONEER INC COM (RBA) 471.000 SHARES 28,830 28,830
    ROBERT HALF INTL INC (RHI) 535.000 SHARES 59,663 59,663
    ROCHE HLDGS LTD (RHHBY) 2,308.000 SHARES 119,301 119,301
    ROCKWELL AUTOMATION INC (ROK) 66.000 SHARES 23,024 23,024
    ROSS STORES INC (ROST) 363.000 SHARES 41,484 41,484
    ROYAL CARIBBEAN CRUISES LTD (RCL) 372.000 SHARES 28,606 28,606
    RPM INTL INC (RPM) 415.000 SHARES 41,915 41,915
    RUTH HOSPITALITY GROUP INC COM (RUTH) 968.000 SHARES 19,263 19,263
    S&P GLOBAL INC (SPGI) 48.000 SHARES 22,653 22,653
    SAIA INC COM (SAIA) 64.000 SHARES 21,570 21,570
    SALESFORCE.COM INC (CRM) 112.000 SHARES 28,463 28,463
    SAMPO OYJ (SAXPY) 3,500.000 SHARES 87,780 87,780
    SANFILIPPO JOHN B & SON INC (JBSS) 400.000 SHARES 36,064 36,064
    SANOFI SPONS ADR (SNY) 806.000 SHARES 40,381 40,381
    SAP AE (SAP) 717.000 SHARES 100,459 100,459
    SCHEIN HENRY INC (HSIC) 567.000 SHARES 43,960 43,960
    SCHNEIDER (SBGSY) 4,021.000 SHARES 157,663 157,663
    SCHWAB CHARLES CORP (SCHW) 316.000 SHARES 26,576 26,576
    SEI INVESTMENTS CO (SEIC) 623.000 SHARES 37,966 37,966
    SELECTQUOTE INC COM (SLQT) 1,332.000 SHARES 12,068 12,068
    SEMPRA ENERGY (SRE) 59.000 SHARES 7,805 7,805
    SENSATA TECHNOLOGIES HOLDING PLC (ST) 1,190.000 SHARES 73,411 73,411
    SERVICENOW INC (NOW) 137.000 SHARES 88,928 88,928
    SHAKE SHACK INC CL A (SHAK) 232.000 SHARES 16,741 16,741
    SHERWIN WILLIAMS CO (SHW) 72.000 SHARES 25,356 25,356
    SHIFT4 PMTS INC CL A (FOUR) 361.000 SHARES 20,913 20,913
    SHIMANO (SMNNY) 2,138.000 SHARES 57,170 57,170
    SHINHAN FINL GROUP CO LTD (SHG) 565.000 SHARES 17,464 17,464
    SHISEIDO LTD (SSDOY) 529.000 SHARES 29,554 29,554
    SIGNATURE BK NEW YORK N Y (SBNY) 169.000 SHARES 54,666 54,666
    SILICON LABORATORIES INC COM (SLAB) 324.000 SHARES 66,880 66,880
    SILK RD MED INC COM (SILK) 395.000 SHARES 16,831 16,831
    SIMPLY GOOD FOODS CO COM (SMPL) 448.000 SHARES 18,623 18,623
    SINGAPORE TELECOMMUNICATIONS LTD (SGAPY) 1,150.000 SHARES 19,769 19,769
    SITIME CORP COM (SITM) 97.000 SHARES 28,376 28,376
    SK TELECOM CO LTD SPONSORED ADR NEW (SKM) 660.000 SHARES 17,602 17,602
    SMITH A O CORP (AOS) 309.000 SHARES 26,528 26,528
    SMUCKER J M CO (SJM) 217.000 SHARES 29,473 29,473
    SONY GROUP CORP AMERN SH NEW (SONY) 373.000 SHARES 47,147 47,147
    SOUTH ST CORP (SSB) 615.000 SHARES 49,268 49,268
    SOUTHWEST GAS HLDGS INC (SWX) 690.000 SHARES 48,335 48,335
    SPROUT SOCIAL INC COM CL A (SPT) 477.000 SHARES 43,259 43,259
    STAG INDL INC (STAG) 1,903.000 SHARES 91,268 91,268
    STANDARD CHARTERED (SCBFY) 3,217.000 SHARES 39,601 39,601
    STANLEY BLACK & DECKER INC (SWK) 104.000 SHARES 19,616 19,616
    STARBUCKS CORP (SBUX) 944.000 SHARES 110,420 110,420
    STATE STR CORP (STT) 155.000 SHARES 14,415 14,415
    STEPSTONE GROUP INC CL A (STEP) 409.000 SHARES 17,002 17,002
    STERIS PLC (STE) 249.000 SHARES 60,609 60,609
    STITCH FIX INC CL A COM (SFIX) 601.000 SHARES 11,371 11,371
    STOCK YDS BANCORP INC (SYBT) 1,044.000 SHARES 66,691 66,691
    STRYKER CORP (SYK) 227.000 SHARES 60,704 60,704
    SUPER MICRO COMPUTER INC COM (SMCI) 767.000 SHARES 33,710 33,710
    SURGERY PARTERS INC COM (SGRY) 376.000 SHARES 20,082 20,082
    SVB FINL GROUP (SIVB) 33.000 SHARES 22,382 22,382
    TAIWAN SEMICONDUCTOR MFG CO (TSM) 465.000 SHARES 55,944 55,944
    TARGET CORP COM (TGT) 71.000 SHARES 16,432 16,432
    TAYLOR MORRISON HOME CORP (TMHC) 3,328.000 SHARES 116,347 116,347
    TDK CORP (TTDKY) 1,540.000 SHARES 60,276 60,276
    TE CONNECTIVITY LTD (TEL) 142.000 SHARES 22,910 22,910
    TECHNIPFMC LIMITED (FTI) 2,809.000 SHARES 16,629 16,629
    TERRENO RLTY CORP COM (TRNO) 426.000 SHARES 36,334 36,334
    TESLA INC (TSLA) 31.000 SHARES 32,760 32,760
    TETRA TECH INC NEW COM (TTEK) 201.000 SHARES 34,130 34,130
    TEXAS INSTRUMENTS INC (TXN) 147.000 SHARES 27,705 27,705
    TEXAS ROADHOUSE INC (TXRH) 241.000 SHARES 21,516 21,516
    THERMO FISHER SCIENTIFIC INC (TMO) 170.000 SHARES 113,431 113,431
    TILLYS INC CL A (TLYS) 5,461.000 SHARES 87,977 87,977
    TJX COS INC (TJX) 384.000 SHARES 29,153 29,153
    TOPBUILD CORP (BLD) 189.000 SHARES 52,147 52,147
    TORO CO (TTC) 192.000 SHARES 19,183 19,183
    TRACTOR SUPPLY CO (TSCO) 253.000 SHARES 60,366 60,366
    TRICO BANCSHARES (TCBK) 1,099.000 SHARES 47,213 47,213
    TRUIST FINL CORP COM (TFC) 349.000 SHARES 20,434 20,434
    TRUPANION INC COM (TRUP) 380.000 SHARES 50,171 50,171
    TURNING PT THERAPEUTICS INC COM (TPTX ) 442.000 SHARES 21,083 21,083
    UBS GROUP (UBS) 2,998.000 SHARES 53,574 53,574
    UMB FINL CORP (UMBF) 556.000 SHARES 58,997 58,997
    UMH PPTYS INC (UMH) 2,951.000 SHARES 80,651 80,651
    UNIFIRST CORP MASS (UNF) 127.000 SHARES 26,721 26,721
    UNILEVER PLC (UL) 1,199.000 SHARES 64,494 64,494
    UNION PAC CORP (UNP) 460.000 SHARES 115,888 115,888
    UNITED CMNTY BK BLAIRSVILLE GA (UCBI) 3,556.000 SHARES 127,803 127,803
    UNITED PARCEL SVC INC CL B (UPS) 519.000 SHARES 111,242 111,242
    UNITEDHEALTH GROUP INC (UNH) 478.000 SHARES 240,023 240,023
    UNIVERSAL ELECTRS INC (UEIC) 458.000 SHARES 18,664 18,664
    UNUM GROUP COM (UNM) 739.000 SHARES 18,157 18,157
    UPWORK INC COM (UPWK) 598.000 SHARES 20,428 20,428
    US BANCORP DEL (USB) 1,063.000 SHARES 59,709 59,709
    VALEO (VLEEY) 2,109.000 SHARES 32,067 32,067
    VENTAS INC (VTR) 318.000 SHARES 16,256 16,256
    VERISK ANALYTICS INC (VRSK) 481.000 SHARES 110,019 110,019
    VERITEX HLDGS INC (VBTX) 2,497.000 SHARES 99,331 99,331
    VERIZON COMMUNICATIONS INC (VZ) 1,287.000 SHARES 66,873 66,873
    VESTAS WIND SYS (VWDRY) 5,015.000 SHARES 51,003 51,003
    VIAVI SOLUTIONS INC (VIAV) 3,127.000 SHARES 55,098 55,098
    VISA INC (V) 785.000 SHARES 170,117 170,117
    VOCERA COMMUNICATIONS INC COM (VCRA) 744.000 SHARES 48,241 48,241
    VODAFONE GROUP PLC (VOD) 1,146.000 SHARES 17,110 17,110
    VOLVO AB ADR (VLVLY) 1,441.000 SHARES 33,273 33,273
    VORNADO RLTY TR (VNO) 244.000 SHARES 10,214 10,214
    WABTEC (WAB) 191.000 SHARES 17,593 17,593
    WALMART INC (WMT) 261.000 SHARES 37,764 37,764
    WARBY PARKER INC CL A COM (WRBY) 591.000 SHARES 27,517 27,517
    WASTE MGMT INC DEL COM (WM) 60.000 SHARES 10,014 10,014
    WATERS CORP (WAT) 309.000 SHARES 115,133 115,133
    WELLS FARGO & CO (WFC) 944.000 SHARES 45,293 45,293
    WEST PHARMACEUTICAL SVCS INC (WST) 200.000 SHARES 93,802 93,802
    WILLIAMS COS INC (WMB) 449.000 SHARES 11,692 11,692
    WILLIAMS SONOMA INC (WSM) 291.000 SHARES 49,217 49,217
    WINGSTOP INC COM (WING) 151.000 SHARES 26,093 26,093
    WORLDLINE SA ADR (WRDLY) 490.000 SHARES 13,720 13,720
    WSFS FINL CORP (WSFS) 1,128.000 SHARES 56,535 56,535
    XENCOR INC COM (XNCR) 684.000 SHARES 27,442 27,442
    XYLEM INC (XYL) 112.000 SHARES 13,431 13,431
    YAMAHA CORP (YAMCY) 687.000 SHARES 33,903 33,903
    YUM BRANDS INC (YUM) 155.000 SHARES 21,523 21,523

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    US Government Securities - End of Year Book Value:

    2,059,083
    US Government Securities - End of Year Fair Market Value:

    2,059,083
    State & Local Government Securities - End of Year Book Value:


    1,225,367
    State & Local Government Securities - End of Year Fair Market Value:


    1,225,367


    TY 2021 InvestmentsOtherSchedule2
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    ACRE VENTURE PARTNERS II, LP FMV 259,240 259,240
    AMG TIMESSQUARE INTERNATIONAL SMALL CAP CL I (TQTIX) 215,277.224 SHARES FMV 3,986,934 3,986,934
    BLOCPOWER ENERGY, LLC 4.00% 12/31/31 100,000 QTY FMV 100,000 100,000
    BOSTON IMPACT INITIATIVE FUND 4.00% 12/01/25 25,000 QTY FMV 25,000 25,000
    CALVERT ABSOLUTE RETURN BOND FUND CLASS I (CUBIX) 142,239.471 SHARES FMV 2,176,264 2,176,264
    CLEAN GROWTH FUND IV, LP FMV 383,613 383,613
    CLEAN GROWTH FUND V, LP FMV 250,804 250,804
    DBL PARTNERS III, LP FMV 734,995 734,995
    ECOSYSTEM INTEGRITY FUND III, LP FMV 856,058 856,058
    ECOSYSTEM INTEGRITY FUND IV, LP FMV 183,421 183,421
    ECOSYSTEM INVESTMENT PARTNERS II, LP FMV 398,394 398,394
    ECOSYSTEM INVESTMENT PARTNERS III, LP FMV 283,012 283,012
    ENERGY IMPACT FUND II, LP FMV 325,609 325,609
    ENTERPRISE COMMUNITY IMPACT 1.50% 09/30/26 300,000 QTY FMV 300,000 300,000
    FOODSHED CAPITAL 1.50% 11/30/31 100,000 QTY FMV 100,000 100,000
    GENERATION IM CLIMATE SOLUTIONS FUND (II) (U.S.), L.P. FMV 1,239,583 1,239,583
    GENERATION IM CLIMATE SOLUTIONS FUND (U.S.), L.P. FMV 147,326 147,326
    GENERATION IM GLOBAL EQUITY FUND, LLC FMV 9,181,872 9,181,872
    GERDING EDLEN GREEN CITIES IV, LP FMV 622,217 622,217
    HIGHLAND ELECTRIC TRANSPORTATION 3.25% 12/21/22 75,000 QTY FMV 75,000 75,000
    LOCAL ENTERPRISE ASSISTANCE FUND 3.00% 01/15/24 50,000 QTY FMV 50,000 50,000
    LOCAL ENTERPRISE ASSISTANCE FUND 3.00% 12/14/24 50,000 QTY FMV 50,000 50,000
    MCE SOCIAL CAPITAL 1.75% 12/15/23 500,000 QTY FMV 500,000 500,000
    NATURAL CAPITAL INVESTMENT FUND 2.00% 05/31/22 25,000 QTY FMV 25,000 25,000
    NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND II LP FMV 689,612 689,612
    NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND LP FMV 616,339 616,339
    PHILAIMPACT REINVESTMENT FUND 1.50% 12/31/23 300,000 QTY FMV 300,000 300,000
    RBC MARKETS EQUITY FUND CLASS I (REEIX) 361,888.644 SHARES FMV 4,867,402 4,867,402
    RENEW ENERGY PARTNER, LLC FMV 100,000 100,000
    RESONANT ENERGY, LLC 5.00% 09/30/26 100,000 QTY FMV 100,000 100,000
    ROCKPORT CAPITAL PARTNERS III, LP FMV 596,693 596,693
    SJF VENTURES III, LP FMV 551,383 551,383
    SJF VENTURES IV, LP FMV 880,364 880,364
    SJF VENTURES V, LP FMV 115,646 115,646
    SUMMIT PARTNERS SUSTAINABLE OPPORTUNITIES L/S QP FUND, L.P. FMV 3,734,930 3,734,930
    SUN INITIATIVE II 3.50% 12/31/25 25,000 QTY FMV 25,000 25,000
    SUNWEALTH LOAN COMPANY 4, LLC 5.00% 09/30/24 75,000 QTY FMV 75,000 75,000
    SUNWEALTH NOTE POOL 2 LLC FMV 19,027 19,027
    THE LYME FOREST FUND III TE LIMITED PARTNERSHIP FMV 247,273 247,273
    THE LYME FOREST FUND IV TE LP FMV 598,730 598,730
    THE LYME FOREST FUND V TE LP FMV 417,503 417,503
    THEOREM MAIN FUND OFFSHORE, LP FMV 1,030,706 1,030,706

    TY 2021 LegalFeesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    GENERAL AND ADMINISTRATIVE LEGAL COUNSEL 3,787 0   5,000


    TY 2021 OtherAssetsSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    INTEREST AND DIVIDENDS RECEIVABLE 46,653 41,539 41,539
    INVESTMENTS RECEIVABLE 109,031    


    TY 2021 OtherDecreasesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Amount
    DEFERRED FEDERAL EXCISE TAX EXPENSE 82,000


    TY 2021 OtherExpensesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INSURANCE 2,841 0   2,841
    OFFICE EXPENSE AND SUPPLIES 15,529 0   20,557
    OTHER INVESTMENT EXPENSES 31,506 31,506   0
    THRU SCHEDULE K-1 - OTHER DEDUCTIONS, NET OF UBI 0 282,480   0


    TY 2021 OtherIncomeSchedule2
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    THRU SCHEDULE K-1 - ORDINARY BUSINESS INCOME (LOSS)   1,985  
    THRU SCHEDULE K-1 - NET RENTAL REAL ESTATE INCOME, NET OF UBI   -2,042  
    THRU SCHEDULE K-1 - OTHER INCOME (LOSS), NET OF UBI   832,714  


    TY 2021 OtherIncreasesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Amount
    UNREALIZED GAIN ON INVESTMENTS 2,475,905


    TY 2021 OtherLiabilitiesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Description Beginning of Year - Book Value End of Year - Book Value
    DEFERRED FEDERAL EXCISE TAX 389,000 471,000
    DEFERRED RENT 1,210 2,530


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    PROGRAM AND RESEARCH CONSULTANTS 129,662 0   129,662
    INVESTMENT ADVISORY 85,000 85,000   0
    INVESTMENT MANAGEMENT 192,663 192,663   0


    TY 2021 TaxesSchedule
    Name:
    MERCK FAMILY FUND
    EIN:
    22-6063382
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL EXCISE TAX 141,952 0   0
    STATE UNRELATED BUSINESS INCOME TAX 2,000 0   0
    FOREIGN TAXES WITHHELD 23,074 23,074   0
    THRU SCHEDULE K-1 - FOREIGN TAXES, NET OF UBI 0 11,039   0