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 08-01-2021 , and ending 07-31-2022
Name of foundation
EDWARDS SCHOLARSHIP FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)HEMENWAY BARNES BOX 961209
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02109
A Employer identification number

04-6002496
B Telephone number (see instructions)

(617) 227-7940
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$11,360,423J Accounting method:
Cash
(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) 24,083
2 Check bullet.............
3 Interest on savings and temporary cash investments 45,289 45,289  
4 Dividends and interest from securities... 150,209 150,209  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 686,318
b Gross sales price for all assets on line 6a 4,176,553
7 Capital gain net income (from Part IV, line 2)... 686,318
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 905,899 881,816 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 55,923 11,185 0 44,738
b Accounting fees (attach schedule)....... Click to see attachment 13,550 2,710 0 10,840
c Other professional fees (attach schedule).... Click to see attachment 74,221 69,927 0 4,294
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,917 4,926 0 1,991
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 150,611 88,748 0 61,863
25 Contributions, gifts, grants paid....... 397,750 397,750
26 Total expenses and disbursements. Add lines 24 and 25 548,361 88,748 0 459,613
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 357,538
b Net investment income (if negative, enter -0-) 793,068
c Adjusted net income (if negative, enter -0-)... 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............. 1,278,139 800,254 800,254
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 12,332    
10a Investments—U.S. and state government obligations (attach schedule) 1,078,593 Click to see attachment1,500,895 1,419,735
b Investments—corporate stock (attach schedule)....... 8,489,298 Click to see attachment5,283,757 5,885,890
c Investments—corporate bonds (attach schedule)....... 915,737 Click to see attachment1,149,088 1,053,387
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 686,722 Click to see attachment2,202,436 2,201,157
14 Land, buildings, and equipment: basis bullet2,024
Less: accumulated depreciation (attach schedule) bullet2,024      
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 12,460,821 10,936,430 11,360,423
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 10,960,821 9,436,430
25 Net assets with donor restrictions............ 1,500,000 1,500,000
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 12,460,821 10,936,430
30 Total liabilities and net assets/fund balances (see instructions). 12,460,821 10,936,430
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
12,460,821
2
Enter amount from Part I, line 27a .....................
2
357,538
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
1,596
4
Add lines 1, 2, and 3 ..........................
4
12,819,955
5
Decreases not included in line 2 (itemize) bulletClick to see attachment
5
1,883,525
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
10,936,430
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 MORGAN STANLEY #XX9220 - LT SALE P   2022-07-31
b MORGAN STANLEY #XX9220 - ST SALE P   2022-07-31
c MORGAN STANLEY #XX7616 - LT SALE P   2022-07-31
d MORGAN STANLEY #XX7616 - ST SALE P   2022-07-31
e MORGAN STANLEY #XX1120 - LT SALE P   2022-07-31
MORGAN STANLEY #XX1120 - ST SALE P   2022-07-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 496,460   492,810 3,650
b 87,430   88,313 -883
c 1,768,109   1,311,193 456,916
d 953,559   855,057 98,502
e 448,241   373,324 74,917
420,696   369,538 51,158
2,058     2,058
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       3,650
b       -883
c       456,916
d       98,502
e       74,917
      51,158
      2,058
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 2 686,318
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 11,024
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 11,024
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 12,332
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 12,332
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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 1,308
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet1,308 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletMA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.EDWARDSFUND.ORG
    14
    The books are in care ofbulletHEMENWAY BARNES LLP Telephone no.bullet (617) 227-7940

    Located atbullet75 STATE STREETBOSTONMA ZIP+4bullet02109
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (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
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    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
    BERNARD BONN III TRUSTEE
    5.00     		0 0 0
    C/O HEMENWAY BARNES LLP 75 STATE
    STREET
    BOSTON,MA02109
    MARGARET FLANAGAN TRUSTEE
    5.00     		0 0 0
    C/O HEMENWAY BARNES LLP 75 STATE
    STREET
    BOSTON,MA02109
    TIMOTHY BLANK TRUSTEE
    5.00     		0 0 0
    C/O HEMENWAY BARNES LLP 75 STATE
    STREET
    BOSTON,MA02109
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (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
    MORGAN STANLEY SMITH BARNEY INVESTMENT MANAGEMENT SERVICES 68,853
    112 WORCESTER STREET
    WELLESLEY,MA02481
    HEMEWAY & BARNES LLP LEGAL & GRANT MANAGEMENT SERVICES 55,923
    75 STATE STREET
    BOSTON,MA02109
    BURKE & ASSOCIATES CPAS INC AUDITING AND TAXATION SERVICES 13,550
    300 LEDGEWOOD PLACE SUITE 200
    ROCKLAND,MA02370
    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 GRANT SCHOLARSHIPS TO COLLEGE STUDENTS 397,750
    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
    10,788,908
    b
    Average of monthly cash balances.......................
    1b
    1,083,209
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    11,872,117
    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
    11,872,117
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    178,082
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    11,694,035
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    584,702
    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
    584,702
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    11,024
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    11,024
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    573,678
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    573,678
    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
    573,678
    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 7 573,678
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 44,532
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 459,613
    a Applied to 2020, but not more than line 2a 44,532
    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..... 415,081
    e Remaining amount distributed out of corpus 0
    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 0
    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 ..........     		158,597
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    EDWARDS SCHOLARSHIP FUND
    C/O HEMENWAY BARNES 75 STATE STREET
    BOSTON,MA02109
    (617) 227-7940
    bThe form in which applications should be submitted and information and materials they should include:
    APPLICATIONS MADE THROUGH FUND'S WEBSITE; WWW.EDWARDSFUND.ORG
    cAny submission deadlines:
    MARCH 1ST FOR FOLLOWING YEAR
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    STUDENTS' FAMILY HAS TO RESIDE IN BOSTON SINCE BEGINNING OF STUDENTS' JUNIOR YEAR IN HIGH SCHOOL
    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
    NAOMI CARRIGG
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    LEA CARRIGG
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    ARON LE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    LEWIS ROSARIO
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    JENNIFLORE BEAUBRUN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    DAVID IZZO
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    MEHDI KAYI
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    NAOD ZACHARIAS
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    MELEY KELATI
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ABIGAELLE NORBRUN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    KARVENS FELIX
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    WENDI GJATA
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    HANNA HUI
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ELIZANGI ARAUJO
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    CHRISTINA ZHU
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    GAR WAI LEE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    WILSI TAVERAS
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    QIANYING GUAN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JULIE LEE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    STEEVEN CAJUSTE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JAMES WILLIAMS
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    BLERYNTHON LANGLOIS
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    MICHEKA FENELON
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    KAREN MAI
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 1,500
    IIANNYSH RODRIGUEZ
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    SUMAYA SALAT
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    NORDA LINO-KELLY
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    ALEXIS DELVALLE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    AUTUMN JOHNSON
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    LISMARY TAVERAS DE LA CRUZ
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    CONOR KELLY
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    VANESSA BARBOSA
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    LIAM RIMAS
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    MICHEL-ANGE MORAVIA
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    HUBERT GALAN JR
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JULIANAH ADUBI
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    MAKAYLA QUIRK
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    CHRISTINE TRAN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    RICHARD ANDRADE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    GABRIELLA IZZO
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ELIJAH MIRANDA
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    CHRISLEEN HERARD
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    DEJA STRAUGHTER
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JONNAI HOWARD
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JOSHUA LOPEZ-FLOREZ
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    NYANJA HANEY
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    MARTINA ALBIN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JAILENE GUZMAN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    MARISELA GUITY
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    SARA RUKAVINA
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JOHN BRADLEY
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    FEN HUSSAIN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ANH LE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ANH LONG
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    CARMEN-ISABEL BELIZAIRE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    TARA KIRCHMEN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JAYCEN TAN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    KIMI NGUYEN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    NATALIE CHAN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    GISSELLE VITTINI RUIZ
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    NY HO
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    NIKITA CLARK
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    WESLEY WARD
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    GUI YING LIU
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    NAIA WALTER
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    BRIAN NGUYEN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    KATARINA KHAKALI
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    LILLIAN GIBSON
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    ELIZA FLEMING
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    SAMANTHA PIERRE-LOUIS
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    VANESSA MCKENZIE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JANAISHA DELCOMPARE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    LINETTE PERALTA
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    MYRSAIDA BARON
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    CASSANDRA MIDY
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    JHANEL POTTS
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 1,750
    KAYLEN JOHNSON
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    AMANDA SU
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    CHRISTINA EMILE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    CAITLIN WILLIS
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    SAADIQAH YUSUF
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    DEJANEE MILLER
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    MARY GHAZALEH
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    HENRY OHMAN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    KATHLEEN ALVAREZ
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JAYCEE BULLOCK
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    SHANNON MCLNTOSH
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JAYLEN FONFIELD
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    AISLING MCQUAID
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    CRISTOPHER TRAN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    MICHAEL LIN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    BITANIA ADMASU
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    BRIGHT IGBINOSA
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 1,750
    NATANEL ERVIN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    MOUNIROU FASSASSI
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    DAVID THAI
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    YUNIS EGAL
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    HONGHUI SUN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    SOLANNY PEGUERO
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    FALIANNE FORGES
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ERIC DANG
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ANAB MOHAMED
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 1,750
    TAMMY MUI
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    DESANI CRAWFORD
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    LUC CHARLES
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ISAIAH JEAN-FONTAINE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    AYAT YUSEF
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    YELENA CONNOR
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    MARYAN HASSAN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    VICTOR CHEN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ADAM WERTHEIMER
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    PALOMA OKUNBOR
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ORIANA HEREDIA
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    DUNIA GOMES
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    KELEYIA ROCHELLE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ANGELYN ZUNIGA-ALEMAN
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    JAKE HARRISON
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,000
    JONATHAN WEISS
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    ARBRI LEKA
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    BERGELINE HILARIE
    75 STATE STREET 16 FLOOR
    BOSTON,MA02109     		  I SCHOLARSHIP 3,500
    Total .................................bullet 3a 397,750
    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 ...........     		    14 45,289  
    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 ............     		    18 686,318  
    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) .. 0 881,816 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    881,816
    (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 INTEREST FROM MONEY MARKET FUND
    4 INTEREST AND DIVIDENDS FROM STOCKS AND BONDS
    8 GAIN ON THE SALES OF VARIOUS SECURITIES
    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
    EDWARDS SCHOLARSHIP FUND
     
    Employer identification number

    04-6002496
    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
    EDWARDS SCHOLARSHIP FUND
          		Employer identification number
    04-6002496
    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
    TIMOTHY BARROWS & MARGARET FLANAGAN
     
    31 ST JAMES AVENUE SUITE 740
     
    BOSTON, MA02116

    		$ 5,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    JAMES LI
     
    7 CAMBRIDGE TERRACE
     
    ALLSTON, MA02134

    		$ 400


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    STANLEY WENOCUR
     
    11217 GREEN DRAGON CT
     
    COLUMBIA, MD210441025

    		$ 500


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    4
    EUGENE & GILES PUGATCH
     
    140 HEPBURN ROAD 19H
     
    CLIFTON, NJ07012

    		$ 100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    5
    PATRICIA HOOPER
     
    5721 39TH AVENUE
     
    HYATTSVILLE, MD207811717

    		$ 100


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    6
    BRIAN & JANET MCGILLICUDY
     
    620 ROLLING SPRINGS DRIVE
     
    CARY, NC275191871

    		$ 150


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Name of organization
    EDWARDS SCHOLARSHIP FUND
          		Employer identification number
    04-6002496
    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
    7
    ELIOTT MORRA
     
    85 SALEM END LANE
     
    FRAMINGHAM, MA01702

    		$ 525


    (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
    EDWARDS SCHOLARSHIP FUND
          		Employer identification number

    04-6002496
    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
     
    		$    
    (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
    EDWARDS SCHOLARSHIP FUND
          		Employer identification number

    04-6002496
    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:
    EDWARDS SCHOLARSHIP FUND
    EIN:
    04-6002496
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING AND TAX SERVICES FEES 13,550 2,710 0 10,840

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    EDWARDS SCHOLARSHIP FUND
    EIN:
    04-6002496
    Name of Bond End of Year Book Value End of Year Fair Market Value
    19000 BANK OF AMERICA CORP FXD TO 012047 VAR THRAFTR 20,223 18,244
    20000 ENTERPRISE PRODUCTS OPERATING LLC 20,144 19,101
    22000 ANHEUSER-BUSCH INBEV FINANCE INC 23,120 22,683
    22000 MICROSOFT CORP 21,993 17,415
    23868.865 LOOMIS SAYLES CORE PLUS BD Y (NERYX) 289,522 291,200
    27000 JPMORGAN CHASE & CO FXD TO 052027 VAR THRAFTR 3.5400% 26,997 26,404
    27000 KINDER MORGAN INC 27,624 27,466
    27000 ORACLE CORP 30,740 21,432
    29000 MARSH & MCLENNAN COS INC 29,362 29,613
    29000 MASTERCARD INC 32,405 29,114
    29000 NORTHROP GRUMMAN CORP 28,693 28,770
    29000 NVIDIA CORP 31,464 27,983
    31000 APPLE INC 30,066 26,315
    31000 BAT INTERNATIONAL FINANCE PLC 30,964 28,204
    31000 HOME DEPOT INC/THE 33,323 29,539
    31000 UNITEDHEALTH GROUP INC 31,638 27,915
    34000 ABBVIE INC 41,455 32,364
    34000 ALPHABET INC 32,382 24,802
    34000 CITIGROUP INC FXD TO 062030 VAR THRAFTR 2.5720% 35,318 29,734
    36000 FISERV INC 36,743 34,268
    36000 JPMORGAN CHASE & CO FXD TO 022031 VAR THRAFTR 1.9530% 35,630 30,290
    36000 LOWE'S COS INC 35,676 30,422
    36000 VERIZON COMMUNICATIONS INC 36,643 27,070
    38000 UNION PACIFIC CORP 39,016 39,446
    40000 COMCAST CORP 40,628 34,443
    43000 BANK OF AMERICA CORP 43,712 44,082
    63000 AMAZON.COM INC 63,607 55,068

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    EDWARDS SCHOLARSHIP FUND
    EIN:
    04-6002496
    Name of Stock End of Year Book Value End of Year Fair Market Value
    1040 WELLS FARGO & CO NEW (WFC) 40,016 45,233
    110 UNITEDHEALTH GP INC (UNH) 51,156 58,202
    1100 ALPHABET INC CL A 67,503 127,952
    1159 TJX COS INC NEW 65,765 70,884
    1166 APPLE INC 79,037 189,487
    120 GOLDMAN SACHS GRP INC (GS) 40,363 39,905
    1200 VERIZON COMMUNICATIONS (VZ) 27,932 55,428
    1220 AMAZON COM INC 150,299 164,639
    1225 COCA COLA CO (KO) 62,781 78,609
    128 COSTCO WHOLESALE CORP NEW (COST) 67,486 69,286
    131 THERMO FISHER SCIENTIFIC 70,505 78,392
    137 SERVICENOW INC 70,509 61,192
    145 ELI LILLY & CO (LLY) 34,617 46,265
    160 LINDE PLC (LIN) 38,691 48,150
    163 NORTHROP GRUMMAN CP 60,117 78,061
    1640 EXELON CORP 59,511 76,244
    165 EATON CORP PLC SHS (ETN) 20,440 24,331
    165 VISA INC CL A (V) 27,468 34,817
    185 PEPSICO INC NC (PEP) 26,109 32,161
    1927 VANGUARD EXTENDED MKT ETF (VXF) 291,220 278,644
    208 UNITEDHEALTH GP INC 64,581 112,806
    210 MC DONALDS CORP (MCD) 50,777 54,659
    211 NETFLIX 97,810 47,454
    215 STRYKER CORP (SYK) 43,641 45,901
    217 BERKSHTRE HATHAWAY CL-B 47,124 65,230
    224 ACCENTURE PLC IRELAND 73,033 68,602
    225 PNC FINL SVCS GP (PNC) 41,902 37,337
    233 HOME DEPOT INC 66,650 70,119
    2361 COMCAST CORP (NEW) CLASS A (CMCSA) 90,841 88,585
    250 AMERICAN EXPRESS CO (AXP) 31,932 37,845
    250 ANALOG DEVICES INC (ADI) 42,049 42,250
    250 CHUBB LTD (CB) 38,231 47,160
    250 HONEYWELL INTL INC (HON) 48,086 48,001
    262 ROCKWELL AUTOMATION 72,477 66,883
    275 JOHNSON & JOHNSON (JNJ) 38,033 47,964
    276 ESTEE LAUDER CO INC CL A 83,693 75,376
    285 STRYKER CORP 58,468 61,204
    290 PROCTER & GAMBLE (PG) 40,648 40,077
    292 AMGEN 67,189 72,261
    295 MICROSOFT CORP (MSFT) 79,099 82,233
    300 AMAZON COM INC (AMZN) 34,318 38,484
    300 TARGET CORPORATION (TGT) 60,918 49,014
    315 CHEVRON CORP (CVX) 42,623 51,581
    320 MASTERCARD INC CL A 115,845 113,213
    330 ABBVIE INC COM (ABBV) 46,386 47,313
    335 QUALCOMM INC (QCOM) 45,064 48,336
    340 WALT DISNEY CO HLDG CO (DIS) 53,399 36,074
    3428 ISHARES CORE MSCI EMERGING (IEMG) 197,763 168,178
    373 META PLATFORMS INC CL A 70,481 59,344
    387 HONEYWELL INTL INC 51,038 74,482
    413 AMERICAN EXPRESS CO 38,958 63,610
    4501 ISHARES CORE MSCI EAFE ETF (IEFA) 298,515 279,287
    460 NEXTERA ENERGY INC (NEE) 28,154 38,558
    483 QUALCOMM INC 66,605 70,064
    495 PROCTER & GAMBLE 58,309 68,760
    496 IQVIA HOLDINGS INC 58,642 119,174
    520 ALPHABET INC CL A (GOOGL) 39,363 59,551
    525 MERCK & CO INC NEW COM (MRK) 29,088 46,844
    543 SALESFORCE INC 118,699 99,923
    544 JPMORGAN CHASE & CO 61,205 62,756
    592 NIKE INC B 76,555 68,033
    600 DUPONT DE NEMOURS INC (DD) 40,718 36,438
    625 ABBOTT LABORATORIES 43,534 68,016
    625 EMERSON ELECTRIC CO (EMR) 36,582 56,121
    645 RAYTHEON TECHNOLOGIES CORP (RTX) 54,713 60,094
    652 CITIGROUP INC NEW ( C ) 45,229 33,839
    70 PALO ALTO NETWORKS INC (PANW) 23,516 34,937
    707 VISA INC CL A 143,238 149,961
    755 APPLE INC (AAPL) 75,171 120,561
    755 MICROSOFT CORP 143,468 211,959
    80 COSTCO WHOLESALE CORP NEW (COST) 43,561 43,304
    800 TJX COS INC NEW (TJX) 41,296 48,644
    807 T-MOBILE US INC 110,044 115,449
    85 ADOBE INC (ADBE) 48,422 34,860
    876 EXXON MOBIL CORP 55,033 84,911
    90 TESLA INC 80,488 80,230
    950 CISCO SYS INC (CSCO) 46,862 42,703
    961 MONSTER BEVERAGE CORP NEW COM 91,074 95,735
    975 SCHLUMBERGER LTD (SLB) 41,091 35,720

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    EDWARDS SCHOLARSHIP FUND
    EIN:
    04-6002496
    US Government Securities - End of Year Book Value:

    1,500,895
    US Government Securities - End of Year Fair Market Value:

    1,419,735
    State & Local Government Securities - End of Year Book Value:


    0
    State & Local Government Securities - End of Year Fair Market Value:


    0


    TY 2021 InvestmentsOtherSchedule2
    Name:
    EDWARDS SCHOLARSHIP FUND
    EIN:
    04-6002496
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    1086 REALTY INCOME CORP FMV 74,985 80,353
    221 SBA COMMUNICATNS CORP NEW CL A FMV 71,830 74,210
    22824.571 BLACKROCK EVENT DRIVEN EQ INST (BILPX) FMV 225,989 223,909
    25581.738 LOCORR MACRO STRATEGIES I (LFMIX) FMV 225,092 236,886
    2657 REAL ESTATE SELECT SECT SPDR (XLRE) FMV 109,362 117,811
    28949.038 BLACKROCK STRATEGIC INC OPP I (BSIIX FMV 296,489 277,911
    3128.499 GATEWAY FUND Y (GTEYX) FMV 113,741 115,661
    3215 ISHARES GOLD TRUST (IAU) FMV 113,903 107,542
    4225 GLOBAL X MLP & ENERGY INFRAS FMV 123,762 177,704
    6123 BLACKROCK BATS: SERIES C PTF (BRACX) FMV 67,165 57,189
    66039 BLACKROCK BATS: SERIES M PTF (BRAMX FMV 635,633 590,388
    700 REALTY INCOME CORP FMV 47,366 50,294
    9723 BLACKROCK BATS: SERIES A PTF (BATAX) FMV 97,119 91,299

    TY 2021 LegalFeesSchedule
    Name:
    EDWARDS SCHOLARSHIP FUND
    EIN:
    04-6002496
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL SERVICES 55,923 11,185 0 44,738


    TY 2021 OtherDecreasesSchedule
    Name:
    EDWARDS SCHOLARSHIP FUND
    EIN:
    04-6002496
    Description Amount
    UNREALIZED GAIN ON SECURITIES 1,853,267
    FEDERAL INCOME TAX 30,258


    TY 2021 OtherExpensesSchedule
    Name:
    EDWARDS SCHOLARSHIP FUND
    EIN:
    04-6002496
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OFFICE EXPENSES 920 920 0 0
    INTERNET AND DATA STORAGE 2,107 421 0 1,686
    PAYROLL SERVICES FEES 173 173 0 0
    INSURANCE 1,510 1,404 0 106
    TELEPHONE 74 0 0 74
    BANK FEES 125 0 0 125
    DUES AND SUBSCRIPTIONS 2,008 2,008 0 0


    TY 2021 OtherIncreasesSchedule
    Name:
    EDWARDS SCHOLARSHIP FUND
    EIN:
    04-6002496
    Description Amount
    WASH SALES 1,596


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    EDWARDS SCHOLARSHIP FUND
    EIN:
    04-6002496
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    MORGAN STANLEY 68,854 68,854 0 0
    CONSULTING FEES 5,367 1,073 0 4,294