Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
THE SHAPIRO FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)339 CHESTNUT STREET UNIT 2
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEEDHAM, MA02492
A Employer identification number

04-3541595
B Telephone number (see instructions)

(818) 610-2900
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$159,257,199J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 87,458 87,400  
4 Dividends and interest from securities... 812,664 771,244  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 10,847,218
b Gross sales price for all assets on line 6a 14,243,971
7 Capital gain net income (from Part IV, line 2)... 9,278,202
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 -201,791 -141,963  
12 Total. Add lines 1 through 11........ 11,545,549 9,994,883  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 461,000 0   368,800
15 Pension plans, employee benefits....... 58,000 0   46,400
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 32,408 3,240   3,240
c Other professional fees (attach schedule).... Click to see attachment 304,372 302,218   302,218
17 Interest............... 402,337 402,337   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 35,080 0   20,732
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 23,610 0   0
21 Travel, conferences, and meetings....... 21,086 0   0
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 279,341 233,048   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,617,234 940,843   741,390
25 Contributions, gifts, grants paid....... 7,577,007 7,577,007
26 Total expenses and disbursements. Add lines 24 and 25 9,194,241 940,843   8,318,397
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,351,308
b Net investment income (if negative, enter -0-) 9,054,040
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 8,804,608 10,708,242 10,708,242
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 8,000,000 Click to see attachment13,000,000 14,624,360
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment7,292,845 7,292,845
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 126,454,402 Click to see attachment123,540,561 123,910,512
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment354,004 Click to see attachment2,807,353 Click to see attachment2,721,240
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 143,613,014 157,349,001 159,257,199
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment4,001 Click to see attachment9,992
23 Total liabilities (add lines 17 through 22)......... 4,001 9,992
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 143,609,013 157,339,009
29 Total net assets or fund balances (see instructions)..... 143,609,013 157,339,009
30 Total liabilities and net assets/fund balances (see instructions). 143,613,014 157,349,001
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
143,609,013
2
Enter amount from Part I, line 27a .....................
2
2,351,308
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
11,378,688
4
Add lines 1, 2, and 3 ..........................
4
157,339,009
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
157,339,009
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 PASSTHROUGH FROM PAR GROUP II, L.P. P    
b PASSTHROUGH FROM PAR GROUP II, L.P. P    
c PASSTHROUGH FROM ORVIETO FUND, L.P. P    
d PASSTHROUGH FROM ORVIETO FUND, L.P. 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 14,069,850   2,068,268 12,001,582
b     2,897,020 -2,897,020
c 174,121     174,121
d     481 -481
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       12,001,582
b       -2,897,020
c       174,121
d       -481
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 9,278,202
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........................... 3 125,851
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- ..... 5 125,851
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 20,982
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 250,000
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 270,982
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 2,297
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 10 142,834
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet142,834 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.THESHAPIROFOUNDATION.ORG
    14
    The books are in care ofbulletTHE ORGANIZATION Telephone no.bullet (818) 610-2900

    Located atbullet661 HIGHLAND AVE NO 103ANEEDHAMMA ZIP+4bullet02494
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
    Yes
     
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
    No
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    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
    EDWARD L SHAPIRO TRUSTEE
    30.00     		0 0 0
    339 CHESTNUT STREET UNIT 2
    NEEDHAM,MA02492
    BARBARA J SHAPIRO TRUSTEE
    5.00     		0 0 0
    339 CHESTNUT STREET UNIT 2
    NEEDHAM,MA02492
    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
    LAWRENCE L TOBIN FDTN DIRECTOR
    40.00     		281,500 19,500 0
    339 CHESTNUT STREET UNIT 2
    NEEDHAM,MA02492
    KAYLA W ROWE EXECUTIVE ASSISTANT
    40.00     		140,500 19,500 0
    339 CHESTNUT STREET UNIT 2
    NEEDHAM,MA02492
    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
    MOBILIZATION CONSULTING INC CONSULTING 150,000
    4 ROCKCLIFFE WAY
    OTTAWA,ONTARIOK1M 1B1
    CA
    SARAH WISEMAN CONSULTING 53,268
    5503 LITTLE HARBOUR ROAD
    LITTLE HARBOUR,NOVA SCOTIAB25 5C4
    CA
    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 KIVA REFUGEE INVESTMENT FUND LLC - THE ORGANIZATION'S MISSION IS TO EXPAND FINANCIAL ACCESS TO HELP UNDERSERVED COMMUNITIES THRIVE BY CROWDFUNDING LOANS, UNLOCKING CAPITAL FOR THE UNDERSERVED, IMPROVING THE QUALITY AND COST OF FINANCIAL SERVICES, AND ADDRESSING THE UNDERLYING BARRIERS TO FINANCIAL ACCESS. 82,176
    2 SOCIAL FINANCE UP FUND- THE ORGANIZATION'S MISSION IS TO HELP LOW-INCOME STUDENTS SECURE GOOD JOBS IN A CHANGING ECONOMY. 41,996
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet124,172
    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
    3,013,715
    b
    Average of monthly cash balances.......................
    1b
    8,382,915
    c
    Fair market value of all other assets (see instructions)................
    1c
    133,944,428
    d
    Total (add lines 1a, b, and c).........................
    1d
    145,341,058
    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
    145,341,058
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    2,180,116
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    143,160,942
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    7,158,047
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    7,158,047
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    125,851
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    153,254
    c
    Add lines 2a and 2b............................
    2c
    279,105
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    6,878,942
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    6,878,942
    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
    6,878,942
    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 6,878,942
    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...... 146,814
    b From 2017...... 979,468
    c From 2018...... 590,753
    d From 2019...... 919,343
    e From 2020...... 1,607,644
    f Total of lines 3a through e ........ 4,244,022
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 8,442,569
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 6,878,942
    e Remaining amount distributed out of corpus 1,563,627
    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 5,807,649
    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) ...     		146,814
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		5,660,835
    10 Analysis of line 9:
    a Excess from 2017.... 979,468
    b Excess from 2018.... 590,753
    c Excess from 2019.... 919,343
    d Excess from 2020.... 1,607,644
    e Excess from 2021.... 1,563,627
    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).)
    EDWARD L SHAPIRO
    BARBARA J SHAPIRO
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    AIRBNBORG
    888 BRANNAN ST
    SAN FRANCISCO,CA94103     		NONE PUBLIC CHARITY DOMESTIC NEEDS 100
    MT AUBURN HOSPITAL
    330 MT AUBURN STREET
    CAMBRIDGE,MA02138     		NONE PUBLIC CHARITY MEDICAL RESEARCH 250
    ZUMIX
    260 SUMMER STREET
    EAST BOSTON,MA02128     		NONE PUBLIC CHARITY DOMESTIC NEEDS 250
    ACADEMY OF THE PACIFIC RIM
    1 WESTINGHOUSE PLAZA BUILDING B
    HYDE PARK,MA02136     		NONE PUBLIC CHARITY DOMESTIC NEEDS 288
    DRIVEN TOGETHER FOUNDATION
    10 KATHERINE DRIVE
    TAUNTON,MA02780     		NONE PUBLIC CHARITY DOMESTIC NEEDS 400
    AMERICARES FOUNDATION
    88 HAMILTON AVENUE
    STAMFORD,CT06902     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 500
    MOVING TRADITIONS
    8380 OLD YORK ROAD SUITE 4300
    ELKINS PARK,PA19027     		NONE PUBLIC CHARITY DOMESTIC NEEDS 540
    NATIONALITIES SERVICE CENTER
    1216 ARCH STREET 4TH FLOOR
    PHILADELPHIA,PA19107     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CHURCH WORLD SERVICE SOUTH FLORIDA
    1924 NW 84 AVENUE
    DORAL,FL33126     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CHURCH WORLD SERVICE VIRGINIA
    250 EAST ELIZABETH STREET SUITE 109
    HARRISONBURG,VA22802     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    COLORADO HOSTING ASYLUM NETWORK
    11757 W KEN CARYL AVENUE STE F BOX
    414
    LITTLETON,CO80127     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    COMMUNITY ASYLUM SEEKERS PROJECT (CASP)
    PO BOX 1355
    BRATTLEBORO,VT05302     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    COMMUNITY REFUGEE AND IMMIGRATION SERVICES (CRIS)
    1925 E DUBLIN GRANVILLE ROAD
    COLUMBUS,OH43229     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    DELLA LAMB COMMUNITY SERVICES
    500 WOODLAND AVENUE
    KANSAS CITY,MO64106     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    DORCAS INTERNATIONAL
    220 ELMWOOD AVENUE
    PROVIDENCE,RI02907     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    EAST CENTRAL ILLINOIS REFUGEE MUTUAL ASSISTANCE CENTER
    201 W KENYON ROAD 4D
    CHAMPAIGN,IL61820     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    SOLUTIONS IN HOMETOWN CONNECTIONS
    4423 LEHIGH ROAD PO 458
    COLLEGE PARK,MD20740     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    SOCIAL AND ENVIRONMENTAL ENTREPRENEURS
    23564 CALABASAS ROAD SUITE 201
    CALABASAS,CA91302     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    SALEM ALLIANCE CHURCH (SPARROW FURNITURE)
    555 GAINES STREET NE
    SALEM,OR97301     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    HEARTS AND HOMES FOR REFUGEES
    PO BOX 8558
    PELHAM,NY10803     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    REFUGEE SERVICES OF TEXAS
    9241 LBJ FREEWAY SUITE 210
    DALLAS,TX75243     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    HIAS
    1300 SPRING STREET SUITE 500
    SILVER SPRING,MD20910     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CHURCH WORLD SERVICE LANCASTER
    308 EAST KING STREET PO BOX 1676
    LANCASTER,PA17602     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CHURCH WORLD SERVICE JERSEY CITY
    26 JOURNAL SQUARE SUITE 600
    JERSEY CITY,NJ07306     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    THE IMMIGRANT LEARNING CENTER
    442 MAIN ST
    MALDEN,MA02148     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CENTER FOR TRANSFORMATIVE ACTION
    PO BOX 760
    ITHACA,NY14851     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    WORLD RELIEF SPOKANE WA
    1522 N WASHINGTON STREET SUITE 200
    SPOKANE,WA99201     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    WORLD RELIEF SEATTLE
    841 CENTRAL AVENUE N SUITE 106
    KENT,WA98032     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    AID FOR IMMIGRANTS IN DETENTION NORTHWEST (AIDNW)
    1915 S SHERIDAN AVENUE
    TACOMA,WA98405     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    WEAVETALES
    C/O ANSBACHER LAW 8818 GOODBYS
    EXECUTIVE DRIVE
    JACKSONVILLE,FL32217     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    USAHELLO
    PO BOX 15167
    PORTLAND,OR97293     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    AMERICAN PARKINSON DISEASE
    135 PARKINSON AVENUE
    STATEN ISLAND,NY10305     		NONE PUBLIC CHARITY RESEARCH 1,000
    ASYLUM WORKS
    1000 S STREET NW 7
    WASHINGTON,DC20001     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CANOPY NORTHWEST ARKANSAS
    2592 GREGG AVENUE SUITE 40
    FAYETTEVILLE,AR72703     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CATHERINE MCAULEY CENTER
    1220 FIFTH AVENUE SE
    CEDAR RAPIDS,IA52403     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CATHOLIC CHARITIES CAMDEN
    1845 HADDON AVENUE
    CAMDEN,NJ08103     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CATHOLIC CHARITIES SAN DIEGO
    3888 PADUCH DRIVE
    SAN DIEGO,CA92117     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CATHOLIC CHARITIES SPRINGFIELD MA
    65 ELLIOT STREET
    SPRINGFIELD,MA01105     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CATHOLIC FAMILY CENTER OF ROCHESTER
    87 N CLINTON AVENUE
    ROCHESTER,NY14604     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CATHOLIC FAMILY SERVICES BIRMINGHAM
    1515 12TH AVENUE S
    BIRMINGHAM,AL35205     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    CATHOLIC SOCIAL SERVICES OF SOUTHERN NEBRASKA
    2241 O STREET
    LINCOLN,NE68510     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    HIAS PENNSYLVANIA
    600 CHESTNUT STREET SUITE 500B
    PHILADELPHIA,PA19106     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    REFUGEE DREAM CENTER
    747 BROAD STREET
    PROVIDENCE,RI02907     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    SQUASHBUSTERS
    795 COLUMBUS AVENUE
    ROXBURY CROSSING,MA02120     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    JANNUS INC
    440 GRAND AVENUE
    OAKLAND,CA94610     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    NORCAL RESIST
    2121 BROADWAY
    SACRAMENTO,CA95818     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    LANDLINE CARES
    9237 GRAND AVE SOUTH
    BLOOMINGTON,MN55420     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 1,000
    ONEOC
    1901 E 4TH STREET SUITE 100
    SANTA ANA,CA92705     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    JOURNEY'S END REFUGEE SERVICES
    2495 MAIN STREET SUITE 530
    BUFFALO,NY14214     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    PHILANTHROPY MASSACHUSETTS
    133 FEDERAL ST 802
    BOSTON,MA02110     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    HONEST REPORTING
    165 E 56TH ST2ND FLOOR
    NEW YORK,NY10022     		NONE PUBLIC CHARITY RELIGIOUS 1,000
    IRC SALT LAKE CITY
    221 SOUTH 400 WEST PO BOX 3988
    SALT LAKE CITY,UT84101     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    IRC NORCAL
    440 GRAND AVENUE
    OAKLAND,CA94610     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    IRC ELIZABETH NJ
    208 COMMERCE PLACE 4TH FLOOR
    ELIZABETH,NJ07201     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    IRC DENVER
    1873 S BELLAIRE STREET 5TH FLOOR
    DENVER,CO80222     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    REFUGE COFFEE CO
    4170 E PONCE DE LEON AVE NE
    CLARKSTON,GA30021     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    INTERNATIONAL INSTITUTE OF NEW ENGLAND
    2 BOYLSTON STREET 3RD FLOOR
    BOSTON,MA02116     		NONE PUBLIC CHARITY EDUCATION 1,000
    INTERNATIONAL INSTITUTE OF MINNESOTA (IIMN)
    1694 COMO AVENUE
    ST PAUL,MN55108     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    KIM'S OPEN DOOR
    4000 SPRING PARK ROAD
    JACKSONVILLE,FL32207     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    INTERFAITH WORKS OF CENTRAL NEW YORK
    1010 JAMES STREET
    SYRACUSE,NY13203     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    LUTHERAN IMMIGRATION AND REFUGEE SERVICE
    700 LIGHT STREET
    BALTIMORE,MD21230     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    LUTHERAN FAMILY SERVICES ROCKY MOUNTAINS
    1600 DOWNING STREET SUITE 600
    DENVER,CO80218     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    INSPIRITUS
    731 PEACHTREE STREET NE SUITE B
    ATLANTA,GA30308     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    MINNESOTA COUNCIL OF CHURCHES
    122 FRANKLIN AVENUE WEST SUITE 100
    MINNEAPOLIS,MN55404     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    INTERNATIONAL CRISIS GROUP
    155 EAST 44TH STREET
    NEW YORK,NY10017     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 1,000
    LUTHERAN SOCIAL SERVICES OF THE NATIONAL CAPITAL AREA
    8922 LITTLE RIVER TURNPIKE
    FAIRFAX,VA22031     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    HUMAN RIGHTS FIRST
    75 BROAD STREET 31ST FLOOR
    NEW YORK,NY10004     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    NEW AMERICAN PATHWAYS
    2300 HENDERON MILL ROAD NE SUITE
    100
    ATLANTA,GA30345     		NONE PUBLIC CHARITY DOMESTIC NEEDS 1,000
    BATES COLLEGE
    2 ANDREWS RD
    LEWISTON,ME04240     		NONE PUBLIC CHARITY EDUCATION 1,050
    EMMA'S TORCH
    345 SMITH STREET
    BROOKLYN,NY11231     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 2,500
    UNICEF
    125 MAIDEN LANE
    NEW YORK,NY10038     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 2,500
    FAMILIES FIRST
    50 HUNT STREET
    WATERTOWN,MA02472     		NONE PUBLIC CHARITY DOMESTIC NEEDS 2,500
    INTEGRATED REFUGEE & IMMIGRANT SERVICES
    235 NICOLL STREET 2ND FLOOR
    NEW HAVEN,CT06511     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 3,000
    BETH ISRAEL DEACONESS MEDICAL CENTER
    148 CHESTNUT STREET
    NEEDHAM,MA02492     		NONE PUBLIC CHARITY RESEARCH 5,000
    THE CHILDREN'S ROOM
    1210 MASSACHUSETTS AVENUE
    ARLINGTON,MA02476     		NONE PUBLIC CHARITY DOMESTIC NEEDS 5,000
    NEW ENGLAND INTERNATIONAL DONORS (NEID)
    120 ST JAMES AVE
    BOSTON,MA02116     		NONE PUBLIC CHARITY EDUCATION 7,500
    DANA FARBER JIMMY FUND
    450 BROOKLINE AVENUE
    BOSTON,MA02215     		NONE PUBLIC CHARITY RESEARCH 7,609
    THE NISKANEN CENTER
    820 FIRST STREET NE SUITE 675
    WASHINGTON,DC20002     		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000
    MINORITY HUMANITARIAN FOUNDATION
    1618 SAN MIGUEL AVENUE
    SPRING VALLEY,CA91977     		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000
    DE NOVO CENTER FOR JUSTICE & HEALING
    405 MAIN STREET
    WORCESTER,MA01608     		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000
    KEEPING OUR PROMISE
    888 PITTSFORD MENDON CENTER RD
    PITTSFORD,NY14534     		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000
    SOLES4SOULS
    319 MARTINGALE DRIVE
    OLD HICKORY,TN37138     		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000
    BOSTON BRIDGES INITIATIVE
    PO BOX 293
    WESTON,MA02493     		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000
    THE WAYUU TAYA FOUNDATION
    PO BOX 328
    MIDLAND PARK,NJ07432     		NONE PUBLIC CHARITY DOMESTIC NEEDS 15,000
    FRANCISCAN CHILDREN'S HOSPITAL
    30 WARREN ST
    BRIGHTON,MA02135     		NONE PUBLIC CHARITY MEDICAL RESEARCH 20,000
    THRIVE SCHOLARS
    160 STATE STREET
    BOSTON,MA02109     		NONE PUBLIC CHARITY EDUCATION 20,000
    JEWISH BIG BROTHERS BIG SISTERS OF GREATER BOSTON
    333 NAHANTON STREET
    NEWTON,MA02459     		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000
    THE SHALEM FOUNDATION
    845 THIRD AVENUE SIXTH FLOOR
    NEW YORK,NY10022     		NONE PUBLIC CHARITY RELIGIOUS 25,000
    TEACH FOR AMERICA
    25 BROADWAY 12TH FLOOR
    NEW YORK,NY10004     		NONE PUBLIC CHARITY EDUCATION 25,000
    THE GOODNATION FOUNDATION
    100 CROSBY STREET ROOM 303
    NEW YORK,NY10012     		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000
    TRUSTBRIDGE FBO RESET UK
    1901 ULMERTON ROAD SUITE 400
    CLEARWATER,FL33762     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 28,500
    NATIONAL CENTER FOR CIVIC INNOVATION
    121 AVENUE OF THE AMERICAS 6TH
    FLOOR
    NEW YORK,NY10013     		NONE PUBLIC CHARITY DOMESTIC NEEDS 30,000
    TEAM IMPACT
    500 VICTORY ROAD
    QUINCY,MA02171     		NONE PUBLIC CHARITY DOMESTIC NEEDS 40,000
    TEMPLE BETH ELOHIM
    10 BETHEL ROAD
    WELLESLEY,MA02481     		NONE PUBLIC CHARITY RELIGIOUS 44,330
    CATHOLIC CHARITIES OF NORTHEAST KANSAS
    9720 W 87TH STREET
    OVERLAND PARK,KS66212     		NONE PUBLIC CHARITY DOMESTIC NEEDS 48,515
    UCLA FOUNDATION - ANDERSON
    110 WESTWOOD PLAZA
    LOS ANGELES,CA90024     		NONE PUBLIC CHARITY EDUCATION 50,000
    POLITICAL ASYLUM IMMIGRATION REPRESENTATION PROJECT INC
    98 NORTH WASHINGTON ST SUITE 106
    BOSTON,MA02114     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 50,000
    TENACITY
    38 EVERETT STEEET SUITE 50
    BOSTON,MA02134     		NONE PUBLIC CHARITY EDUCATION 50,000
    NEW ROOTS FUND
    1610 S KING STREET
    SEATTLE,WA98144     		NONE PUBLIC CHARITY DOMESTIC NEEDS 50,000
    BRIDGE2RWANDA
    1818 N TAYLOR ST SUITE B PMB 322
    LITTLE ROCK,AR72207     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 50,650
    HUMANITY RISES INC
    346 CONGRESS ST UNIT 402
    BOSTON,MA02210     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 60,000
    BEAVER COUNTRY DAY SCHOOL
    791 HAMMOND ST
    CHESTNUT HILL,MA02467     		NONE PUBLIC CHARITY EDUCATION 61,435
    REFUGEE COUNCIL USA (RCUSA)
    1628 16TH STREET NW
    WASHINGTON,DC20009     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 66,000
    ACS ATHENS
    RODNEY SQUARE 1000 NORTH KING
    STREET
    WILMINGTON,DE19801     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 67,000
    WELCOME FUND
    701 8TH ST NW STE 800
    WASHINGTON,DC20001     		NONE PUBLIC CHARITY DOMESTIC NEEDS 100,000
    EDESIA
    550 ROMANO VINEYARD WAY
    NORTH KINGSTOWN,RI02852     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 100,000
    MILES4MIGRANTS
    3629 LAUREL STREET
    NEW ORLEANS,LA70115     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 109,500
    DUET
    50 MILK STREET
    BOSTON,MA02110     		NONE PUBLIC CHARITY EDUCATION 124,500
    KARAM FOUNDATION
    230 NORTHGATE 742
    LAKE FOREST,IL60045     		NONE PUBLIC CHARITY EDUCATION 196,855
    SOUTHERN NEW HAMPSHIRE UNIVERSITY
    2500 N RIVER RD
    HOOKSETT,NH03106     		NONE PUBLIC CHARITY EDUCATION 212,287
    SOCIAL FINANCE
    10 MILK STREET SUITE 1010
    BOSTON,MA02108     		NONE PUBLIC CHARITY DOMESTIC NEEDS 250,000
    HOME IS HERE NOLA
    3500 CANAL STREET 2ND FLOOR
    NEW ORLEANS,LA70119     		NONE PUBLIC CHARITY DOMESTIC NEEDS 250,000
    PARTNERS IN HEALTH
    888 COMMONWEALTH AVENUE 3RD FLOOR
    BOSTON,MA02215     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 250,000
    FRIENDS OF THE UNIVERSITY OF OTTAWA
    1725 I ST NW STE 800
    WASHINGTON,DE20006     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 300,000
    REFUGEE HOME PROJECT
    134 E 40TH STREET
    NEW YORK,NY10016     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 305,000
    FOCUSING PHILANTHROPY
    1637 16TH STREET
    SANTA MONICA,CA90404     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 312,038
    UNIVERSITY OF PENNSYLVANIA-WHARTON
    3620 LOCUST WALK
    PHILADELPHIA,PA19104     		NONE PUBLIC CHARITY EDUCATION 325,000
    BOSTON MEDICAL CENTER CORPORATION
    1 BOSTON MEDICAL CENTER PLACE
    BOSTON,MA02118     		NONE PUBLIC CHARITY RESEARCH 352,500
    INTERNATIONAL REFUGEE ASSISTANCE PROJECT
    ONE BATTERY PARK PLAZA 4TH FLOOR
    NEW YORK,NY10004     		NONE PUBLIC CHARITY EDUCATION 382,360
    HORIZONS FOR HOMELESS CHILDREN
    1705 COLUMBUS AVENUE
    ROXBURY,MA02119     		NONE PUBLIC CHARITY DOMESTIC NEEDS 408,500
    THE RASHI SCHOOL
    8000 GREAT MEADOW ROAD
    DEDHAM,MA02026     		NONE PUBLIC CHARITY RELIGIOUS 513,050
    ROCKEFELLER PHILANTHROPY ADVISORS
    6 WEST 48TH STREET 10TH FLOOR
    NEW YORK,NY10036     		NONE PUBLIC CHARITY DOMESTIC NEEDS 550,000
    HELP REFUGEES CHOOSE LOVE
    45 WEST 36TH STREET 6TH FLOOR
    NEW YORK,NY10018     		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 672,000
    BOSTON CHILDREN'S HOSPITAL
    300 LONGWOOD AVENUE
    BOSTON,MA02115     		NONE PUBLIC CHARITY RESEARCH 852,000
    Total .................................bullet 3a 7,577,007
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		900001 58 14 87,400  
    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 ............     		900001 1,569,016 18 9,278,202  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPASSTHROUGH ORDINARY INCOME - PAR GR II LP     		900001 -38,156 01 -112,235  
    bPASSTHROUGH ORDINARY INCOME -ORVIETO FUND, L.P 900001 -15,787 01 0  
    cPASSTHROUGH ORDINARY INCOME - POWERHOUSE CAPITAL I LP 900001 -5,885 01 -18,037  
    dPASSTHROUGH ORDINARY INCOME - UP FUND, L.P. 900001 0 01 -11,222  
    ePASSTHROUGH ORDINARY INCOME - ORVIETO FUND, L.P. 900001 0 01 -34  
    fPASSTHROUGH ORDINARY INCOME - KIVA REFUGEE INVESTMENT FUND LLC 900001 0 01 -435  
    12 Subtotal. Add columns (b), (d), and (e) .. 1,550,666 9,994,883 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    11,545,549
    (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.)
    3 NONE
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

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


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


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING 32,408 3,240   3,240

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Name of Bond End of Year Book Value End of Year Fair Market Value
    MORGAN STANLEY CORPORATE BOND 7,292,845 7,292,845

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Name of Stock End of Year Book Value End of Year Fair Market Value
    BRACEBRIDGE - BIL FUND 5,000,000 5,470,108
    HILL CITY OFFSHORE FUND 3,000,000 4,052,035
    ITHAN CREEK LP 5,000,000 5,102,217

    TY 2021 InvestmentsOtherSchedule2
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    PAR GROUP II, L.P. FMV 118,372,494 118,372,494
    POWERHOUSE CAPITAL I L.P. FMV 294,614 296,881
    BETTOR CAPITAL FUND FMV 776,272 392,769
    DIGITAL FUEL CAPITAL FUND I LP FMV 693,029 1,245,354
    GRIFFIN GAMING PARTNERS II LP FMV 472,255 485,018
    ORVIETO FUND I LP FMV 2,647,889 2,867,765
    PROGRAM RELATED INVESTMENT - SOCIAL FINANCE CT - UP FUND FMV 201,832 169,016
    PROGRAM RELATED INVESTMENT - KIVA REFUGEE INVESTMENT FUND LLC FMV 82,176 81,215

    TY 2021 OtherAssetsSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    REFUGEE FILM PROJECT ( LOST & FOUND FILMS LLC) 104,004 104,004 104,004
    PROGRAM RELATED INVESTMENT - WORKAROUND 25,000 25,000 25,000
    PROGRAM RELATED INVESTMENT - LOAN RECEIVABLE - KIVA USER FUNDS 100,000 100,000 100,000
    PROGRAM RELATED INVESTMENT - CENTER FOR ECONOMIC OPPORTUNITY FUND 125,000 125,000 125,000
    NINETEEN77 ENVIRONMENTAL FOCUS FUND (UBS) 0 2,088,396 2,002,283
    FLYBRIDGE 2022 LP 0 114,953 114,953
    ARTEMIS WAX CORP (SERIES B) 0 250,000 250,000


    TY 2021 OtherExpensesSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    DEDUCTIONS RELATED TO PORTFOLIO INCOME -PASSTHROUGH PAR GROUP II 164,944 164,944   0
    DEDUCTIONS RELATED TO PORTFOLIO INCOME -PASSTHROUGH BETTOR CAPITAL FUND I LP 14,515 14,515   0
    DEDUCTIONS RELATED TO PORTFOLIO INCOME -PASSTHROUGH ORVIETO FUND LP 24,924 24,924   0
    DEDUCTIONS RELATED TO PORTFOLIO INCOME -PASSTHROUGH GRIFFIN GAMING PARTNERS 7,069 7,069   0
    DEDUCTIONS RELATED TO PORTFOLIO INCOME -PASSTHROUGH KIVA REFUGEE INVESTMENT 2,107 2,107   0
    DEDUCTIONS RELATED TO PORTFOLIO INCOME -PASSTHROUGH DIGITAL FUEL CAPITAL 19,489 19,489   0
    MEALS 7,337 0   0
    INSURANCE 1,181 0   0
    BANK FEES 5,792 0   0
    OUTSIDE SERVICES 5,000 0   0
    UTILITIES 3,978 0   0
    DUES & SUBSCRIPTIONS 811 0   0
    OFFICE SUPPLIES 21,435 0   0
    PARKING 712 0   0
    POSTAGE 47 0   0


    TY 2021 OtherIncomeSchedule2
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PASSTHROUGH ORDINARY INCOME - PAR GR II LP -150,391 -112,235 -150,391
    PASSTHROUGH ORDINARY INCOME -ORVIETO FUND, L.P -15,787 0 -15,787
    PASSTHROUGH ORDINARY INCOME - POWERHOUSE CAPITAL I LP -23,922 -18,037 -23,922
    PASSTHROUGH ORDINARY INCOME - UP FUND, L.P. -11,222 -11,222 -11,222
    PASSTHROUGH ORDINARY INCOME - ORVIETO FUND, L.P. -34 -34 -34
    PASSTHROUGH ORDINARY INCOME - KIVA REFUGEE INVESTMENT FUND LLC -435 -435 -435


    TY 2021 OtherIncreasesSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Description Amount
    UNREALIZED CHANGE IN VALUE OF INVESTMENTS 11,378,688


    TY 2021 OtherLiabilitiesSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Description Beginning of Year - Book Value End of Year - Book Value
    CREDIT CARDS PAYABLE 4,001 9,992


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL AND PROFESSIONAL SERVICES 304,372 302,218   302,218


    TY 2021 TaxesSchedule
    Name:
    THE SHAPIRO FOUNDATION
    EIN:
    04-3541595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FOREIGN TAXES - ORVIETO FUND LP 215 0   0
    FOREIGN TAXES - PAR GROUP II LP 491 0   0
    TAXES & LICENSES 600 0   0
    MASSACHUSETTS TAXES 7,859 0   0
    PAYROLL TAXES 25,915 0   20,732