Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
For calendar year 2022, or tax year beginning 01-01-2022 , and ending 12-31-2022
Name of foundation
MERCK FAMILY FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)100 SUMMER STREET 1600
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA021102104
A Employer identification number

22-6063382
B Telephone number (see instructions)

(781) 789-6516
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$60,421,201J 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) 2,070,659
2 Check right arrow.............
3 Interest on savings and temporary cash investments 27,590 27,590  
4 Dividends and interest from securities... 712,376 939,785  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,920,898
b Gross sales price for all assets on line 6a 18,871,273
7 Capital gain net income (from Part IV, line 2)... 1,625,287
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
List of Attached Documents:
// Content
2,722 116,230  
12 Total. Add lines 1 through 11........ 5,734,245 2,708,892  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 379,482 25,717   353,766
14 Other employee salaries and wages...... 38,017 0   38,017
15 Pension plans, employee benefits....... 138,886 9,751   127,981
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
11,694 0   10,481
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
27,150 0   21,950
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
581,597 204,847   376,750
17 Interest...............   38,528    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
39,840 25,282   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 46,496 0   46,826
21 Travel, conferences, and meetings....... 27,168 0   25,101
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
30,937 270,010   13,942
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,321,267 574,135   1,014,814
25 Contributions, gifts, grants paid....... 2,995,165 3,457,165
26 Total expenses and disbursements. Add lines 24 and 25 4,316,432 574,135   4,471,979
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,417,813
b Net investment income (if negative, enter -0-) 2,134,757
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2022)
Form 990-PF (2022)
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............. 49,669 87,776 87,776
2 Savings and temporary cash investments......... 4,943,788 3,194,693 3,194,693
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 69,446 126,798 126,798
10a Investments—U.S. and state government obligations (attach schedule) 3,284,450 Click to see attachment
List of Attached Documents:
// Content
4,782,187 		4,782,187
b Investments—corporate stock (attach schedule)....... 24,562,082 Click to see attachment
List of Attached Documents:
// Content
19,492,609 		19,492,609
c Investments—corporate bonds (attach schedule)....... 2,791,930 Click to see attachment
List of Attached Documents:
// Content
4,010,312 		4,010,312
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 37,219,950 Click to see attachment
List of Attached Documents:
// Content
28,664,497 		28,664,497
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
41,539 		Click to see attachment
List of Attached Documents:
// Content
62,329 		Click to see attachment
List of Attached Documents:
// Content
62,329
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 72,962,854 60,421,201 60,421,201
Liabilities 17 Accounts payable and accrued expenses.......... 20,623 33,461
18 Grants payable................. 997,000 535,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
473,530 		Click to see attachment
List of Attached Documents:
// Content
261,200
23 Total liabilities (add lines 17 through 22)......... 1,491,153 829,661
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 71,387,760 59,567,908
25 Net assets with donor restrictions............ 83,941 23,632
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 71,471,701 59,591,540
30 Total liabilities and net assets/fund balances (see instructions). 72,962,854 60,421,201
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
71,471,701
2
Enter amount from Part I, line 27a .....................
2
1,417,813
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
492,643
4
Add lines 1, 2, and 3 ..........................
4
73,382,157
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
13,790,617
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
59,591,540
Form 990-PF (2022)
Form 990-PF (2022)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b T. ROWE PRICE LARGE-CAP GROWTH FUND CLASS (TRLGX) 1,607.016 SHARES D 2022-04-18 2022-05-04
c T. ROWE PRICE LARGE-CAP GROWTH FUND CLASS (TRLGX) 23.644 SHARES D 2022-04-18 2022-05-04
d T. ROWE PRICE LARGE-CAP GROWTH FUND CLASS (TRLGX) 54.340 SHARES D 2022-04-18 2022-05-04
e T. ROWE PRICE LARGE-CAP GROWTH FUND CLASS (TRLGX) 97.000 SHARES D 2022-05-27 2022-05-31
THRU SCHEDULE K-1S, NET OF UBI P    
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 18,740,127   17,993,068 747,059
b 91,774   14,324 77,450
c 1,350   1,385 -35
d 3,103   3,224 -121
e 5,149   865 4,284
      766,880
29,770     29,770
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       747,059
b       77,450
c       -35
d       -121
e       4,284
      766,880
      29,770
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 1,625,287
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 (2022)
Form 990-PF (2022)
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 right arrow 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) 1 29,673
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 29,673
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 29,673
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 137,002
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.............. 7 137,002
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 107,329
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow107,329 Refundedright arrow 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. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowCA, MA, NJ
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
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 2022 or the taxable year beginning in 2022? 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. Click to see attachment
List of Attached Documents:
// Content
...............................
10
Yes
 
Form 990-PF (2022)
Form 990-PF (2022)
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 addressright arrowWWW.MERCKFF.ORG
14
The books are in care ofright arrowJAMES MAGUIRE CFO Telephone no.right arrow (781) 789-6516

Located atright arrow100 SUMMER STREET SUITE 1600BOSTONMA ZIP+4right arrow021102104
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2022, 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 right arrow
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2022? .............
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 2022, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2022?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2022 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 2022.) .....................
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 2022? ..
4b
 
No
Form 990-PF (2022)
Form 990-PF (2022)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ELIZA HATCH TRUSTEE, PRESIDENT
1.00 		0 0 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
GEORGE WHITRIDGE TRUSTEE, VICE PRESIDENT
1.00 		0 0 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
WILHELM MERCK JR TRUSTEE, SECRETARY
1.00 		0 0 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
NATHANIEL CHAMBERLIN TRUSTEE
1.00 		0 0 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
OLIVIA FARR TRUSTEE
1.00 		0 0 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
IAN HATCH TRUSTEE
1.00 		0 0 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
SUSANNAH HATCH TRUSTEE
1.00 		0 0 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
WILHELM MERCK TRUSTEE
1.00 		0 0 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
FREDERICK MORGAN WHITRIDGE TRUSTEE
1.00 		0 0 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
SERENA WHITRIDGE TRUSTEE
1.00 		0 0 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
JOSEPHINE MERCK TREASURER
1.00 		0 0 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
JENNY D RUSSELL EXECUTIVE DIRECTOR (ENDED 05/31/22)
40.00 		179,100 32,341 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
DARRYL YOUNG EXECUTIVE DIRECTOR (BEGAN 08/22/22)
40.00 		65,538 9,333 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
JAMES A MAGUIRE CHIEF FINANCIAL OFFICER
40.00 		134,844 50,535 0
100 SUMMER STREET SUITE 1600
BOSTON,MA021102104
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...................right arrow 0
Form 990-PF (2022)
Form 990-PF (2022)
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
ANALYSIS GROUP RESEARCH CONSULTANT 150,000
111 HUNTINGTON AVE
BOSTON,MA02199
FORTIGENT INVESTMENT MANAGEMENT 111,638
75 STATE STREET
BOSTON,MA02109
PATHSTONE INVESTMENT ADVISORY 85,000
24 FEDERAL STREET 8TH FLOOR
BOSTON,MA02110
RUTH GOLDMAN PROGRAM CONSULTANT 79,832
100 SUMMER STREET SUITE 1600
BOSTON,MA02110
ISAACSON MILLER INC EXECUTIVE SEARCH 70,066
263 SUMMER STREET
BOSTON,MA02110
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2022)
Form 990-PF (2022)
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
59,750,931
b
Average of monthly cash balances.......................
1b
3,404,822
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
63,155,753
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
63,155,753
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
947,336
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
62,208,417
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,110,421
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,110,421
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
29,673
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
29,673
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,080,748
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,080,748
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,080,748
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
4,471,979
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,471,979
Form 990-PF (2022)
Form 990-PF (2022)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2021 		(c)
2021 		(d)
2022
1 Distributable amount for 2022 from Part X, line 7 3,080,748
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2021 only....... 0
b Total for prior years:20, 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2017...... 728,793
b From 2018...... 844,211
c From 2019...... 792,593
d From 2020...... 1,548,357
e From 2021...... 617,130
f Total of lines 3a through e ........ 4,531,084
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 4,471,979
a Applied to 2021, 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 2022 distributable amount..... 3,080,748
e Remaining amount distributed out of corpus 1,391,231
5 Excess distributions carryover applied to 2022. 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 5,922,315
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 2021. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2022. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2023 .......... 		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 2017 not
applied on line 5 or line 7 (see instructions) ... 		728,793
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		5,193,522
10 Analysis of line 9:
a Excess from 2018.... 844,211
b Excess from 2019.... 792,593
c Excess from 2020.... 1,548,357
d Excess from 2021.... 617,130
e Excess from 2022.... 1,391,231
Form 990-PF (2022)
Form 990-PF (2022)
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 2022, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2022 (b) 2021 (c) 2020 (d) 2019
         
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
MERCK FAMILY FUND ATTN JAMES MAGUIR
100 SUMMER STREET STE 1600
BOSTON,MA021102104
(781) 789-6516
bThe form in which applications should be submitted and information and materials they should include:
STEP 1 - LETTER OF INQUIRY USING THE ONLINE APPLICATION; STEP 2 - FULL PROPOSAL USING THE ONLINE APPLICATION SYSTEM
cAny submission deadlines:
FEBRUARY 1 AND AUGUST 1
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS MADE ONLY TO ORGANIZATIONS THAT ARE TAX EXEMPT
Form 990-PF (2022)
Form 990-PF (2022)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ACADIA CENTER

PO BOX 583
ROCKPORT,ME04856 		N/A PC ADVANCING ENERGY EFFICIENCY IN NEW ENGLAND 100,667

AMERICAN COUNCIL FOR AN ENERGY-EFFICIENT ECONOMY

529 14TH STREET NW SUITE 600
WASHINGTON,DC20045 		N/A PC EMPOWERING STATE LEADERSHIP ON ENERGY EFFICIENCY IN THE SOUTHEAST 71,558

AMERICAN RIVERS

1101 14TH STREET NW SUITE 1400
WASHINGTON,DC20009 		N/A PC INCREASED AQUATIC BIODIVERSITY, JUSTICE AND CLIMATE RESILIENCE IN THE TENNESSEE RIVER BASIN 50,000

BLACK FARMER FUND

2161 PROSPECT AVENUE
BRONX,NY10457 		N/A PC GENERAL SUPPORT 25,000

BLUEPRINT NC

3125 POPLARWOOD COURT SUITE 300
RALEIGH,NC27604 		N/A PC BUILDING COMMUNITY POWER AND RESILIENCY IN NC 50,000

BOSTON FARMS

487 NORFOLK STREET
MATTAPAN,MA02126 		N/A PC GENERAL SUPPORT 20,000

CASA PENNSYLVANIA

8151 15TH AVENUE
HYATTSVILLE,MD20783 		N/A PC DEFENDING OUR DEMOCRACY IN PENNSYLVANIA 50,000

CERES

99 CHAUNCY STREET 6TH FLOOR
BOSTON,MA02111 		N/A PC MOBILIZING CORPORATE ENERGY USERS TO INCREASE ENERGY EFFICIENCY 75,000

CIVIL EATS

502 E COTATI AVENUE SUITE 7014
COTATI,CA94931 		N/A PC GENERAL SUPPORT FOR CIVIL EATS 10,000

CLEAN ENERGY GROUP INC

50 STATE STREET SUITE 1
MONTPELIER,VT05602 		N/A PC PHASE OUT PEAKERS: ADVANCING CLEAN ALTERNATIVES TO PEAKER POWER PLANTS IN MASSACHUSETTS 25,000

CLEAN WATER FUND

88 BROAD STREET LOWER LEVEL
BOSTON,MA02110 		N/A PC CENTERING EQUITY IN ENERGY EFFICIENCY 35,000

COASTAL CONSERVATION LEAGUE

131 SPRING STREET
CHARLESTON,SC29403 		N/A PC 2022-2023 ENERGY PROGRAM 40,000

CONFLUENCE PHILANTHROPY

475 10TH AVENUE 14TH FLOOR
NEW YORK,NY10018 		N/A PC GENERAL SUPPORT 1,650

CONSERVATION LAW FOUNDATION

62 SUMMER STREET
BOSTON,MA02110 		N/A PC ADVANCING STATE-BASED DECARBONIZATION STRATEGIES 51,156

DOGWOOD ALLIANCE

PO BOX 7645
ASHEVILLE,NC28802 		N/A PC OUR FORESTS AREN'T FUEL 35,000

EASTERN WOODLANDS REMATRIATION COLLECTIVE

102 PACKARD AVENUE
HULL,MA02045 		N/A PC INDIGENOUS FOOD SOVEREIGNTY 30,000

EL PUEBLO

2321 CRABTREE BOULEVARD SUITE 105
RALEIGH,NC27604 		N/A PC ENGAGING NORTH CAROLINA'S LATINX COMMUNITY, BUILDING FOR 2024 AND BEYOND 50,000

ENVIRONMENTAL ADVOCATES

353 HAMILTON STREET
ALBANY,NY12210 		N/A PC SUPPORTING NEW YORK'S CLIMATE LAW WITH ECONOMY-WIDE CARBON PRICING 25,000

ENVIRONMENTAL AND ENERGY STUDY INSTITUTE

1020 19TH STREET NW SUITE 650
WASHINGTON,DC20036 		N/A PC EQUITABLE ACCESS TO ENERGY UPGRADES FOR RURAL HOUSEHOLDS 35,000

ENVIRONMENTAL GRANTMAKERS ASSOCIATION

475 RIVERSIDE DRIVE SUITE 960
NEW YORK,NY10115 		N/A PC GENERAL SUPPORT 8,530

ENVIRONMENTAL INTEGRITY PROJECT

1000 VERMONT AVENUE NW SUITE 1100
WASHINGTON,DC20005 		N/A PC BUILDING AND LEADING A COALITION TO COMBAT THE RAPIDLY EXPANDING WOOD BIOMASS INDUSTRY 30,000

ENVIRONMENTAL PAPER NETWORK

PO BOX 7091
ASHEVILLE,NC28802 		N/A PC GENERAL SUPPORT 50,000

EQUITY ADVOCATES

258 HALSUITEAD AVENUE SUITE 613
HARRISON,NY10528 		N/A PC GENERAL SUPPORT 37,000

EVERETT COMMUNITY GROWERS

471 BROADWAY SUITE 1
EVERETT,MA02149 		N/A PC 2022 EVERETT COMMUNITY GROWERS YOUTH CREW 20,000

EXPONENT PHILANTHROPY

1720 NORTH STREET NW
WASHINGTON,DC20036 		N/A PC GENERAL SUPPORT 795

FARM SCHOOL NYC

505 EIGHTH AVENUE SUITE 2100
NEW YORK,NY10018 		N/A PC GENERAL SUPPORT 45,000

FOOD POLICY ADVISORY COUNCIL OF PHILADELPHIA

1515 ARCH ST 13TH FLOOR
PHILADELPHIA,PA19102 		N/A PC CATALYZING IMPLEMENTATION OF THE URBAN AGRICULTURE & FOOD POLICY ADVISORY COUNCIL STRATEGIC PLANS 15,000

GARDENING THE COMMUNITY

PO BOX 90774
SPRINGFIELD,MA01139 		N/A PC GENERAL SUPPORT 30,000

GEORGE MASON UNIVERSITY FOUNDATION

4400 UNIVERSITY DRIVE MS 6A8
FAIRFAX,VA22030 		N/A PC REPUBLICEN.ORG 30,000

GREEN CITY FORCE

630 FLUSHING AVENUE 8TH FLOOR
BROOKLYN,NY11206 		N/A PC SERVICE CORPS AND ECO-HUBS 25,000

GREEN GUERILLAS

30 3RD STREET SUITE 848
BROOKLYN,NY11216 		N/A PC GREEN GUERILLAS YOUTH EMPOWERMENT PIPELINE (YEP) 30,000

GREENROOTS

227 MARGINAL STREET SUITE 1
CHELSEA,MA02150 		N/A PC ACHIEVING FOOD SOVEREIGNTY THROUGH URBAN AGRICULTURE AND YOUTH LEADERSHIP 25,000

GROUNDWORK LAWRENCE

60 ISLAND STREET SUITE 101
LAWRENCE,MA01840 		N/A PC GROWING YOUTH LEADERS THROUGH JOB TRAINING AND URBAN FARMING 30,000

GROUNDWORK SOMERVILLE

337 SOMERVILLE AVENUE SUITE 2B
SOMERVILLE,MA02143 		N/A PC GENERAL SUPPORT 25,000

GROUNDWORK SOUTHCOAST

1285 ACUSHNET AVENUE
NEW BEDFORD,MA02746 		N/A PC URBAN FARMING WITHIN A SOCIAL JUSTICE FRAMEWORK TO EMPOWER YOUTH IN THE SOUTH COAST OF MASSACHUSETTS 25,000

HALEY HOUSE

23 DARTMOUTH STREET
BOSTON,MA02116 		N/A PC HALEY HOUSES URBAN FARMING PROGRAM (ROXBURY/SOUTH END) 20,000

HATTIE CARTHAN COMMUNITY GARDEN

677 LAFAYETTE AVE
BROOKLYN,NY11216 		N/A PC GENERAL SUPPORT 25,000

JOHN BARTRAM ASSOCIATION

54TH STREET AND LINDBERGH BOULEVARD
PHILADELPHIA,PA19143 		N/A PC YOUTH-LED AGRICULTURE AND LOCAL FOOD SOVEREIGNTY AT THE SANKOFA COMMUNITY FARM AT BARTRAM'S GARDEN 30,000

LAND TRUST ALLIANCE

1250 H STREET NW SUITE 600
WASHINGTON,DC20005 		N/A PC ADDRESSING CLIMATE CHANGE THROUGH LAND CONSERVATION 35,000

MA FOOD SYSTEM COLLABORATIVE

324 WELLS STREET
GREENFIELD,MA01301 		N/A PC GENERAL SUPPORT. 45,000

MAJORITY ACTION

8705 COLESVILLE ROAD 312
SILVER SPRING,MD20910 		N/A PC ENABLING POWERFUL SHAREHOLDER ACTION FOR DEEP DECARBONIZATION 50,000

MAKE THE ROAD PA

347 N 8TH STREET
ALLENTOWN,PA18102 		N/A PC REDISTRICTING 50,000

MILL CITY GROWS

650 SUFFOLK STREET SUITE G10
LOWELL,MA01854 		N/A PC LOWELL'S URBAN FARM AND YOUTH FOOD JUSTICE 25,000

MOVELA

1000 N ALAMEDA ST 240
LOS ANGELES,CA90012 		N/A PC BUILDING TRANSIT PROJECTS BETTER AT LOS ANGELES COUNT METROPOLITAN TRANSPORTATION AUTHORITY 50,000

NATIONAL CAUCUS OF ENVIRONMENTAL LEGISLATORS

1100 H STREET NW SUITE 600
WASHINGTON,DC20005 		N/A PC BUILDING STATE CHAMPIONS FOR CARBON REDUCTION IN THE NORTHEAST AND SOUTHEAST UNITED STATES 40,000

NATIONAL VOTE AT HOME INSTITUTE

PO BOX 65752
WASHINGTON,DC20035 		N/A PC NATIONAL VOTE AT HOME INSTITUTE 50,000

NATURAL RESOURCES COUNCIL OF MAINE

3 WADE STREET
AUGUSTA,ME04330 		N/A PC ACCELERATING MAINE'S TRANSITION TO A CLEAN ENERGY SYSTEM 40,000

NC CLEAN ENERGY FUND

5132 THEYS ROAD
RALEIGH,NC27606 		N/A PC GENERAL SUPPORT 30,000

NORRIS SQUARE NEIGHBORHOOD PROJECT

2141 N HOWARD STREET
PHILADELPHIA,PA19122 		N/A PC NSNP DISCRETIONARY GRANT 2022 4,000

NORRIS SQUARE NEIGHBORHOOD PROJECT

2141 N HOWARD STREET
PHILADELPHIA,PA19122 		N/A PC GENERAL SUPPORT 30,000

NORTH CAROLINA BLACK ALLIANCE

PO BOX 27886
RALEIGH,NC27611 		N/A PC NORTH CAROLINA BLACK ALLIANCE CIVIC ENGAGEMENT 50,000

NORTH CAROLINA SUSTAINABLE ENERGY ASSOCIATION

4800 SIX FORKS ROAD SUITE 300
RALEIGH,NC27609 		N/A PC NCSEA PAYS AND INNOVATIVE ENERGY SOLUTIONS INITIATIVE 30,000

NORTH STAR FUND

520 8TH AVENUE SUITE 1800
NEW YORK,NY10018 		N/A PC COMMUNITY FOOD FUNDERS 20,000

NORTHEAST ENERGY EFFICIENCY PARTNERSHIPS

81 HARTWELL AVENUE
LEXINGTON,MA02421 		N/A PC GENERAL SUPPORT 76,734

NORTHEAST SUSTAINABLE AGRICULTURE WORKING GROUP (NESAWG)

PO BOX 2247
KINGSTON,NY12402 		N/A PC YOUTH LEADERSHIP, URBAN AG, POLICY ADVOCACY AND EQUITY-CENTERED STRATEGIC PLANNING 30,000

NRDC

40 W 20TH STREET
NEW YORK,NY10011 		N/A PC PROTECTING FORESTS FROM DIRTY AND DESTRUCTIVE BIOENERGY 40,000

OLD-GROWTH FOREST NETWORK

PO BOX 21
EASTON,MD21601 		N/A PC PRESERVING SOUTHEASTERN US OLD-GROWTH FORESTS 15,000

ONE ART COMMUNITY CENTER (OACC)

1431 N 52ND STREET
PHILADELPHIA,PA19131 		N/A PC URBAN AQUAPONIC GREENHOUSE LEARNING LAB AND YOUTH PROGRAM 25,000

OPEN SPACE INSTITUTE

1350 BROADWAY SUITE 201
NEW YORK,NY10018 		N/A PC CRADLE OF THE APPALACHIANS EQUITY CATALYST PROGRAM 45,000

ORGANIZING EMPOWERMENT FUND

2800 ROYAL AVENUE SUITE 204
MONONA,WI53713 		N/A PC ORGANIZING EMPOWERMENT FUND 50,000

OUR CLIMATE EDUCATION FUND

PO BOX 221012
SEATTLE,WA98102 		N/A PC EMPOWERING YOUNG CLIMATE LEADERS TO ADVOCATE FOR EQUITABLE CARBON PRICING IN THE NORTHEAST 30,000

PARTNERSHIP FOR POLICY INTEGRITY

54 ARNOLD ROAD
PELHAM,MA01002 		N/A PC PROTECTING MASSACHUSETTS'S SCIENCE-BASED CARBON ACCOUNTING FOR BIOMASS ENERGY 25,000

PENNSYLVANIA HORTICULTURAL SOCIETY

100 N 20TH STREET
PHILADELPHIA,PA19103 		N/A PC ADVANCING LONG-TERM SUSTAINABILITY OF COMMUNITY GARDENS IN PHILADELPHIA 30,000

PENNSYLVANIA VOICE

123 SOUTH BROAD STREET SUITE 630
PHILADELPHIA,PA19109 		N/A PC 2021 CHAMPIONING GOOD GOVERNANCE 50,000

PHILADELPHIA FOOD POLICY ADVISORY COUNCIL

1515 ARCH ST 13TH FLOOR
PHILADELPHIA,PA19102 		N/A PC CATALYZING IMPLEMENTATION OF THE URBAN AGRICULTURE & FOOD POLICY ADVISORY COUNCIL STRATEGIC PLANS 40,000

PHILANTHROPY MASSACHUSETTS

55 COURT STREET SUITE 520
BOSTON,MA02108 		N/A PC GENERAL SUPPORT 3,075

PLANNED PARENTHOOD

PO BOX 97166
WASHINGTON,DC20090 		N/A PC GENERAL SUPPORT 7,000

POWER

1429 N 11TH STREET
PHILADELPHIA,PA19122 		N/A PC POWER - DEFENDING DEMOCRACY THROUGH YEAR-ROUND VOTER ENGAGEMENT 50,000

RED HOOK INITIATIVE

767 HICKS STREET
BROOKLYN,NY11231 		N/A PC RED HOOK FARMS - AN URBAN YOUTH-CENTERED FARM IN RED HOOK, BROOKLYN 25,000

REGIONAL ENVIRONMENTAL COUNCIL INC

PO BOX 255 9 CASTLE STREET
WORCESTER,MA01613 		N/A PC YOUTHGROW (YOUTH GROWING ORGANICS IN WORCESTER) 30,000

RISEBORO COMMUNITY PARTNERSHIP

565 BUSHWICK AVENUE
BROOKLYN,NY11206 		N/A PC BUSHWICK GROWS COMMUNITY FARM 20,000

ROCKAWAY YOUTH TASK FORCE

1920 MOTT AVENUE SUITE 5
FAR ROCKAWAY,NY11691 		N/A PC URBAN FARM LEADERSHIP AND RYTF DATA ANALYSIS CERTIFICATION PROGRAM 20,000

ROOTS RISING

PO BOX 1805
PITTSFIELD,MA01202 		N/A PC ROOTS RISING'S YOUTH CREWS 20,000

SOIL GENERATION

1449 N 30TH STREET
PHILADELPHIA,PA19119 		N/A PC GENERAL SUPPORT 30,000

SOUL FIRE FARM INSTITUTE INC

1972 NY HIGHWAY 2
PETERSBURGH,NY12138 		N/A PC UPROOTING RACISM, SEEDING SOVEREIGNTY 25,000

SOUTHEAST ASIAN COALITION OF CENTRAL MASSACHUSETTS

484 MAIN STREET SUITE 400
WORCESTER,MA01608 		N/A PC URBAN GARDEN AND YOUTH LEADERSHIP 15,000

SOUTHEAST ENERGY EFFICIENCY ALLIANCE

50 HURT PLAZA SUITE 1250
ATLANTA,GA30303 		N/A PC ILLUMINATING INEQUITY IN SOUTHEAST ENERGY POLICY 100,000

SOUTHEAST SUSTAINABILITY DIRECTORS NETWORK

9 VON RUCK TERRACE
ASHEVILLE,NC28801 		N/A PC LEVERAGING LOCAL GOVERNMENT INFLUENCE FOR ENERGY EFFICIENCY IN THE SOUTH 50,000

SOUTHERN ALLIANCE FOR CLEAN ENERGY

PO BOX 1842
KNOXVILLE,TN37901 		N/A PC PROMOTING ENERGY EFFICIENCY IN THE SOUTHEAST 100,000

SOUTHERN COALITION FOR SOCIAL JUSTICE

1415 W NC HIGHWAY 54
DURHAM,NC27707 		N/A PC 2021-2023 REDISTRICTING ADVOCACY AND LITIGATION INITIATIVE 50,000

SOUTHERN ENVIRONMENTAL LAW CENTER

201 WEST MAIN STREET SUITE 14
CHARLOTTESVILLE,VA22902 		N/A PC PROMOTING ENERGY EFFICIENCY AS THE FIRST ENERGY RESOURCE OF THE SOUTHEAST 150,000

STANDEARTH

548 MARKET STREET SUITE 74196
SAN FRANCISCO,CA94104 		N/A PC HEALTHY FORESTS CAMPAIGN 40,000

THE CAMPAIGN AGAINST HUNGER

PO BOX 330532
BROOKLYN,NY11233 		N/A PC GREEN TEENS INTERNSHIP PROGRAM 30,000

THE FOOD PROJECT

10 LEWIS STREET
LINCOLN,MA01773 		N/A PC THE FOOD PROJECT: EMPOWERING YOUTH, GROWING COMMUNITIES 25,000

THE FUNDERS NETWORK

6705 SW 57TH AVENUE SUITE 700
CORAL GABLES,FL33143 		N/A PC GENERAL SUPPORT 7,500

TIDES FOUNDATION

PO BOX 889389
LOS ANGELES,CA90088 		N/A PC NY RENEWS CAPACITY BUILDING AND PROJECTS REGRANTING PROGRAM 50,000

TIDES FOUNDATION

PO BOX 29903
SAN FRANCISCO,CA94129 		N/A PC CANOPY'S TRANSFORMING THE PACKAGING SUPPLY CHAIN TO PROTECT THE WORLDS FORESTS 70,000

TRANSITCENTER INC

1 WHITEHALL STREET 17TH FLOOR
NEW YORK,NY10004 		N/A PF ADVOCATE FOR TRANSIT AGENCIES TO ADOPT COST CONTAINMENT RECOMMENDATIONS OF REPORTS ON CONSTRUCTION OF U.S. TRANSIT INFRASTRUCTURE 50,000

UNITED COMMUNITY CENTERS

613 NEW LOTS AVENUE
BROOKLYN,NY11207 		N/A PC EAST NEW YORK FARMS! PROJECT 50,000

UPSTATE FOREVER

507 PETTIGRU STREET
GREENVILLE,SC29601 		N/A PC ADVANCING EQUITY AND ACCOUNTABILITY IN SC ENERGY EFFICIENCY 15,000

URBAN CREATORS

2315 N 11TH STREET
PHILADELPHIA,PA19133 		N/A PC GENERAL SUPPORT 25,000

URBAN FARMING INSTITUTE

487R NORFOLK STREET
MATTAPAN,MA02126 		N/A PC GENERAL SUPPORT + DISCRETIONARY $2,500 GRANT FOR FILLING THE GAP FOR UFI NONPROFIT LEADERS RETREAT 32,500

URBAN TREE CONNECTION

1445 N 52ND STREET
PHILADELPHIA,PA19131 		N/A PC YOUTH APPRENTICESHIP PROGRAM 30,000

VIETLEAD

320 W OREGON AVENUE SUITE 3C-1
PHILADELPHIA,PA19148 		N/A PC RESILIENT ROOTS FARM PROGRAM 30,000

VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT INC

42 CHARLES ST SUITE E
DORCHESTER,MA02122 		N/A PC GROWING YOUTH & RESIDENT POWER 20,000
Total .................................right arrow 3a 3,457,165
bApproved for future payment

CERES
99 CHAUNCY STREET 6TH FLOOR
BOSTON,MA02111 		N/A PC MOBILIZING CORPORATE ENERGY USERS TO INCREASE ENERGY EFFICIENCY 75,000

FARM SCHOOL NYC
505 EIGHTH AVENUE SUITE 2100
NEW YORK,NY10018 		N/A PC GENERAL SUPPORT 45,000

GARDENING THE COMMUNITY
PO BOX 90774
SPRINGFIELD,MA01139 		N/A PC GENERAL SUPPORT 30,000

GREENROOTS
227 MARGINAL STREET SUITE 1
CHELSEA,MA02150 		N/A PC ACHIEVING FOOD SOVEREIGNTY THROUGH URBAN AGRICULTURE AND YOUTH LEADERSHIP 25,000

GROUNDWORK LAWRENCE
60 ISLAND STREET SUITE 101
LAWRENCE,MA01840 		N/A PC GROWING YOUTH LEADERS THROUGH JOB TRAINING AND URBAN FARMING 30,000

HATTIE CARTHAN COMMUNITY GARDEN
677 LAFAYETTE AVE
BROOKLYN,NY11216 		N/A PC GENERAL SUPPORT 25,000

LAND TRUST ALLIANCE
1250 H STREET NW SUITE 600
WASHINGTON,DC20005 		N/A PC ADDRESSING CLIMATE CHANGE THROUGH LAND CONSERVATION 35,000

NORRIS SQUARE NEIGHBORHOOD PROJECT
2141 N HOWARD STREET
PHILADELPHIA,PA19122 		N/A PC GENERAL SUPPORT 30,000

PUBLIC INTEREST LAW CENTER OF PHILADELPHIA
2 PENN CENTER SUITE 802
PHILADELPHIA,PA19102 		N/A PC GARDEN JUSTICE LEGAL INITIATIVE 50,000

SOUTHERN ALLIANCE FOR CLEAN ENERGY
PO BOX 1842
KNOXVILLE,TN37901 		N/A PC PROMOTING ENERGY EFFICIENCY IN THE SOUTHEAST 100,000

THE CAMPAIGN AGAINST HUNGER
PO BOX 330532
BROOKLYN,NY11233 		N/A PC GREEN TEENS INTERNSHIP PROGRAM 30,000

URBAN FARMING INSTITUTE
487R NORFOLK STREET
MATTAPAN,MA02126 		N/A PC GENERAL SUPPORT 30,000

URBAN TREE CONNECTION
1445 N 52ND STREET
PHILADELPHIA,PA19131 		N/A PC YOUTH APPRENTICESHIP PROGRAM 30,000
Total ................................. right arrow 3b 535,000
Form 990-PF (2022)
Form 990-PF (2022)
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 27,590  
4 Dividends and interest from securities ....     14 712,376  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 1,513  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,920,898  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aSTATE UNRELATED BUSINESS INCOME TAX REFUND 		    01 1,209  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 3,663,586 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,663,586
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2022)
Form 990-PF (2022)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2022)
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
2022
Name of the organization
MERCK FAMILY FUND
 
Employer identification number

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






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2022)
Schedule B (Form 990) (2022) Page 2
Name of organization
MERCK FAMILY FUND
  		Employer identification number
22-6063382
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
NATHANIEL CHAMBERLIN
100 SUMMER STREET SUITE 1600
 
BOSTON, MA02110

$ 106,093


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
DANIEL HILDRETH
100 SUMMER STREET SUITE 1600
 
BOSTON, MA02110

$ 100,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
JOHN MERCK FUND
 
100 SUMMER STREET SUITE 1600
 
BOSTON, MA02110

$ 1,862,166


(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) (2022)
Schedule B (Form 990) (2022)
Page 3
Name of organization
MERCK FAMILY FUND
  		Employer identification number

22-6063382
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 T. ROWE PRICE LARGE-CAP GROWTH FUND I CLASS (TRLGX) 1,685.000 SHARES $ 100,898 2022-04-18
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 T. ROWE PRICE LARGE-CAP GROWTH FUND I CLASS (TRLGX) 97.000 SHARES $ 5,195 2022-05-27
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 BROOKSIDE CAPITAL PARTNERS FUND, L.P. $ 580 2022-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 CLARUS LIFESCIENCES I, L.P. $ 125,664 2022-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 CLARUS LIFESCIENCES II, L.P. $ 45,639 2022-12-31
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 ROCKPORT CAPITAL PARTNERS III, L.P. $ 211,127 2022-12-31
Schedule B (Form 990) (2022)
Name of organization
MERCK FAMILY FUND
  		Employer identification number

22-6063382
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 WINDSAIL CREDIT FUND, L.P. $ 339,003 2022-12-31
(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) (2022)
Schedule B (Form 990) (2022)
Page 4
Name of organization
MERCK FAMILY FUND
  		Employer identification number

22-6063382
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2022)
Additional Data


Software ID:  
Software Version:  

TY 2022 AccountingFeesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FINANCIAL STATEMENT AUDIT/REVIEW 12,600 0   12,600
TAX RETURN PREPARATION 14,550 0   9,350

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

TY 2022 ExpenditureResponsibilityStmt
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
TRANSITCENTER INC
  		1 WHITEHALL STREET 17TH FLOOR
NEW YORK,NY10004 		2022-05-25 50,000 ADVOCATE FOR TRANSIT AGENCIES TO ADOPT COST CONTAINMENT RECOMMENDATIONS OF REPORTS ON CONSTRUCTION OF U.S. TRANSIT INFRASTRUCTURE.   TO OUR KNOWLEDGE THE GRANTEE HAS NOT MADE ANY DIVERSION OF FUNDS. PENDING REPORT    

TY 2022 ExplnOfNonFilingWithAGStmt
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Statement:
THE FOUNDATION IS NOT REQUIRED TO FILE A COPY OF FEDERAL FORM 990-PF WITH THE STATE OF NEW JERSEY'S ATTORNEY GENERAL'S OFFICE AS IT DOES NOT SOLICIT FUNDS FROM THE PUBLIC.

TY 2022 InvestmentsCorpBondsSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC SR NT 2.600% 11/21/24 (00287YBZ1) 65,000 QTY 62,213 62,213
ABBVIE INC SR NT FLTG ACCD INV 3.200% 11/21/29 (00287YBX6) 35,000 QTY 31,683 31,683
ACE INA HLDGS INC GTD SR NT 3.350% 05/15/24 (00440EAR8) 30,000 QTY 29,372 29,372
AIR PRODS & CHEMS INC NT 1.850% 05/15/27 (009158AY2) 50,000 QTY 44,500 44,500
ALEXANDRIA REAL ESTATE EQUITIES INC 4.900% 12/15/30 (015271AU3) 15,000 QTY 14,643 14,643
AMERICAN EXPRESS CO 2.250% 03/04/25 (025816CQ0) 50,000 QTY 47,217 47,217
AMERICAN EXPRESS CO SR NT 3.950% 08/01/25 (025816CY3) 30,000 QTY 29,413 29,413
AMERICAN HONDA FIN CORP MED TERM NTS 1.200% 07/08/25 (02665WDL2) 40,000 QTY 36,606 36,606
AMERICAN HONDA FIN CORP MED TERM NTS 1.500% 01/13/25 (02665WEA5) 110,000 QTY 102,929 102,929
AMERICAN TOWER CORP NEW FIXED RATE 3.125% 01/15/27 (03027XAM2) 20,000 QTY 18,347 18,347
AMERICAN TOWER CORP NEW SR NT 2.400% 03/15/25 (03027XAZ3) 30,000 QTY 28,229 28,229
AMGEN INC FXD RT SR NT 3.125% 05/01/25 (031162BY5) 45,000 QTY 43,216 43,216
AMGEN INC FXD RT SR NT 3.625% 05/22/24 (031162BV1) 15,000 QTY 14,709 14,709
AMGEN INC SR NT 2.200% 02/21/27(031162CT5) 30,000 QTY 26,954 26,954
ANTHEM INC FXD RT NT 3.350% 12/01/24 (036752AC7) 70,000 QTY 67,884 67,884
AON CORP GTD SR NT 2.800% 05/15/30 (037389BE2) 40,000 QTY 34,240 34,240
AON PLC GTD SR NT 3.500% 06/14/24 (00185AAF1) 30,000 QTY 29,291 29,291
AT&T INC FXD RT SR NT 4.300% 02/15/30 (00206RGQ9) 30,000 QTY 28,341 28,341
BANK AMER CORP 3.841% 04/25/25 (06051GKS7) 90,000 QTY 87,957 87,957
BANK AMER CORP SR NT FXD/FLTG 2.687% 04/22/32 (06051GJT7) 55,000 QTY 44,165 44,165
BANK NEW YORK MELLON CORP MEDIUM TERM 2.100% 10/24/24 (06406RAL1) 80,000 QTY 76,295 76,295
BANK NOVA SCOTIA BC SR MEDIUM TERM 1.450% 01/10/25 (06417XAB7) 80,000 QTY 74,451 74,451
BANK NOVA SCOTIA BC SR SUSTAINABILTY 3.450% 04/11/25 (06417XAH4) 50,000 QTY 48,154 48,154
BK OF NOVA SCOTIA 0.550% 09/15/23 (064159YM2) 60,000 QTY 58,119 58,119
BOSTON PPTYS LED PARTNERSHIP GTD 3.800% 02/01/24 (10112RAW4) 30,000 QTY 29,472 29,472
BOSTON PPTYS LTD PARTNERSHIP SR NT 2.750% 10/01/26 (10112RAY0) 20,000 QTY 18,032 18,032
CALVERT IMPACT CAP INC CALVERT CMNTY 1.000% 02/14/25 (13162EEK8) 250,000 QTY 250,000 250,000
CANADIAN PAC RY CO NEW GTD ST NT 1.750% 12/02/26 (13645RBE3) 10,000 QTY 8,924 8,924
CARRIER GLOBAL CORP NT 2.24% 02/15/25 (14448CAN4) 15,000 QTY 14,141 14,141
CATERPILLAR FINL SVCS CORP MEDIUM 3.650% 08/12/25 (14913R2Z9) 110,000 QTY 107,378 107,378
CHUBB INA HLDGS INC GTD SR NT 1.375% 09/15/30 (171239AG1) 40,000 QTY 31,150 31,150
CITIGROUP INC AFFORDABLE HSG SR NT 0.776% 10/30/24 (172967MT5) 60,000 QTY 57,502 57,502
CITIGROUP INC FXD TO FLTG SR NT 3.668% 07/24/28 (172967LP4) 45,000 QTY 41,429 41,429
CITIGROUP INC NT FXD/FLTG RATE 1.678% 05/15/24 (172967MR9) 65,000 QTY 64,085 64,085
CNH INDL CAP LLC NT 1.950% 07/02/23 (12592BAK0) 15,000 QTY 14,744 14,744
COMCAST CORP GTD FXD RT NT 3.375% 02/15/25 (20030NBL4) 60,000 QTY 58,205 58,205
COMCAST CORP GTD FXD RT SR NOTE 4.150% 10/15/28 (20030NCT6) 50,000 QTY 48,038 48,038
CVS HEALTH CORP FXD RT SR NT 4.100% 03/25/25 (126650CW8) 60,000 QTY 59,195 59,195
CVS HEALTH CORP FXD RT SR NT 4.300% 03/25/28 (126650CX6) 35,000 QTY 33,911 33,911
EQUINIX INC SR NT 2.625% 11/18/24 (29444UBC9) 30,000 QTY 28,588 28,588
EQUINIX INC SR NT 3.200% 11/18/29 (29444UBE5) 15,000 QTY 13,077 13,077
FIFTH THIRD BANCORP SR NT FIXED/FLTG 6.361% 10/27/28 (316773DJ6) 29,000 QTY 29,884 29,884
GENERAL MLS INC FXD RT SR NT 4.200% 04/17/28 (370334CG7) 20,000 QTY 19,363 19,363
GOLDMAN SACHS GROUP INC FXD RT SR NTS 3.500% 01/23/25 (38148LAC0) 60,000 QTY 57,998 57,998
GOLDMAN SACHS GROUP INC SR GLOBAL NT 0.673% 03/08/24 (38141GXZ2) 50,000 QTY 49,464 49,464
GOLDMAN SACHS GROUP INC SR NT 3.625% 01/22/23 (38141GRD8) 15,000 QTY 14,985 14,985
HEALTHPEAK PPTYS INC SR NT 3.000% 01/15/30 (42250PAA1) 10,000 QTY 8,622 8,622
HOME DEPOT INC FXD RT SR NT 3.350% 09/15/25 (437076BK7) 35,000 QTY 33,963 33,963
HOME DEPOT INC NT 4.000% 09/15/25 (437076CR1) 33,000 QTY 32,602 32,602
JPMORGAN CHASE & CO 2.580% 04/22/32 (46647PCC8) 53,000 QTY 42,613 42,613
JPMORGAN CHASE & CO NT FIXED/FLTG 0.563% 02/16/25 (46647PBY1) 30,000 QTY 28,301 28,301
JPMORGAN CHASE & CO NT FXD/FLTG 0.969% 06/23/25 (46647PCK0) 65,000 QTY 60,589 60,589
KEURIG DR PEPPER INC SR NT 0.750% 03/15/24 (49271VAL4) 45,000 QTY 42,731 42,731
LINCOLN NATL CORP IND SR NT 3.050% 01/15/30 (534187BJ7) 15,000 QTY 12,455 12,455
LOWES COS INC SR NT 4.400% 09/08/25 (548661EK9) 74,000 QTY 72,953 72,953
MARSH & MCLENNAN COS INC FXD RT SR 3.500% 06/03/24 (571748AV4) 30,000 QTY 29,363 29,363
MARSH & MCLENNAN COS INC FXD RT SR 3.500% 06/03/24 (571748AV4) 35,000 QTY 34,257 34,257
MERCK & CO INC NEW FXD RT NT 2.750% 02/10/25 (58933YAR6) 60,000 QTY 57,544 57,544
MERCK & CO INC NEW NT 3.400% 03/07/29 (58933YAX3) 45,000 QTY 42,026 42,026
MITSUBISHI UFJ FINANCIAL GROUP INC 3.777% 03/02/25 (606822AU8) 45,000 QTY 43,747 43,747
MORGAN STANLET FXD RT SR NTS 3.700% 10/23/24 (61761JVL0) 35,000 QTY 34,177 34,177
MORGAN STANLEY FXD RT SR NT SER-F 4.000% 07/23/25 (6174468C6) 60,000 QTY 58,667 58,667
MORGAN STANLEY SR NT FIXED/FLTG 0.529% 01/25/24 (6174468W2) 50,000 QTY 49,666 49,666
PAYPAL HLDGS INC NT 2.400% 10/01/24 (70450YAC7) 60,000 QTY 57,529 57,529
PAYPAL HLDGS INC SR NT 1.650% 06/01/25 (70450YAG8) 60,000 QTY 55,654 55,654
PEPSICO INC FXD RT SR NT 3.000% 10/15/27 (713448DY1) 35,000 QTY 32,871 32,871
PNC FINL SVCS GROUP INC SR 5.671% 10/28/25 (693475BH7) 85,000 QTY 85,945 85,945
PROLOGIS L P NT 1.250% 10/15/30 B/E DTD 08/20/20 (74340XBR1) 35,000 QTY 26,619 26,619
ROYAL BK CDA GLOBAL MED TERM NTS 1.150% 06/10/25 (78015K7H1) 50,000 QTY 45,804 45,804
ROYAL BK CDA GLOBAL MEDIUM TERMS 3.375% 04/14/25 (78016EZ59) 75,000 QTY 72,528 72,528
SALESFORCE COM INC NT 0.625% 7/15/24 (79466LAG9) 50,000 QTY 46,921 46,921
SALESFORCE COM INC NT 1.950% 07/15/31 (79466LAJ3) 35,000 QTY 27,990 27,990
SIMON PPTY GROUP L P FXD RT NT 3.375% 10/01/24 (828807CS4) 45,000 QTY 43,672 43,672
STATE STR CORP FXD RT SR NT 3.550% 08/18/25 (857477AT0) 45,000 QTY 43,781 43,781
THERMO FISHER SCIENTIFIC INC SR NT 1.215% 10/18/24 (883556CS9) 60,000 QTY 56,338 56,338
TORONTO DOMINION BANK NOTES 3.250% 03/11/24 (89114QCB2) 45,000 QTY 44,042 44,042
TORONTO DOMINION BK SR MEDIUM TERM 0.750% 01/06/26 (89114QCP1) 60,000 QTY 53,111 53,111
TORONTO-DOMINION SR BK MEDIUM TERM 3.766% 06/06/25 (89115A2A9) 75,000 QTY 72,777 72,777
UNITEDHEALTH GROUP INC 5.150% 10/15/25 (91324PEN8) 85,000 QTY 86,044 86,044
VERIZON COMMUNICATIONS INC NT 0.750% 03/22/24 (92343VGF5) 65,000 QTY 61,702 61,702
VERIZON COMMUNICATIONS INC NT 1.500% 09/18/30 (92343VFL3) 35,000 QTY 27,304 27,304
WALT DISNEY CO GTD NT 1.750% 08/30/24 (254687FK7) 55,000 QTY 52,460 52,460
WALT DISNEY CO GTD NT 2.000% 09/01/29 (254687FL5) 50,000 QTY 42,037 42,037
WELLTOWER INC NT 3.625% 03/15/24 (95040QAG9) 35,000 QTY 34,251 34,251
WELLTOWER INC NT 4.000% 06/01/25 (42217KBF2) 30,000 QTY 29,244 29,244
WESTPAC BANKING CORP 5.350% 10/18/24 (961214FH1) 25,000 QTY 25,231 25,231
WESTPAK BKG CORP NTS 3.300% 02/26/24 (961214EC3) 75,000 QTY 73,688 73,688

TY 2022 InvestmentsCorpStockSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Name of Stock End of Year Book Value End of Year Fair Market Value
3M CO (MMM) 167.000 SHARES 20,027 20,027
A P MOLLER MAERSK AS (AMKBY) 522.000 SHARES 5,857 5,857
ABBOTT LABS COM (ABT) 85.000 SHARES 9,332 9,332
ABBVIE INC (ABBV) 511.000 SHARES 82,583 82,583
ACCENTURE PLC IRELAND CLASS (ACN) 230.000 SHARES 61,373 61,373
ACCO BRANDS CORP (ACCO) 5,044.00 SHARES 28,196 28,196
ADDUS HOMECARE CORP COM (ADUS) 152.000 SHARES 15,122 15,122
ADIDAS SALOMON (ADDYY) 415.000 SHARES 28,112 28,112
ADOBE SYS INC (ADBE) 349.000 SHARES 117,449 117,449
ADVANCED MICRO DEVICES INC COM (AMD) 142.000 SHARES 9,197 9,197
AFLAC INC COM (AFL) 641.000 SHARES 46,114 46,114
AGILENT TECHNOLOGIES INC COM (A) 202.000 SHARES 30,229 30,229
AIA GROUP LTD (AAGIY) 1,132.000 SHARES 50,295 50,295
AIR LIQUIDE (AIQUY) 1,148.000 SHARES 32,468 32,468
AIR PRODS & CHEMS INC COM (APD) 185.000 SHARES 57,028 57,028
AKAMAI TECHNOLOGIES INC (AKAM) 254.000 SHARES 21,412 21,412
ALCON SA ACT (ALC) 512.000 SHARES 34,971 34,971
ALIBABA GROUP HLDG LTD (BABA) 377.000 SHARES 33,210 33,210
ALLEGRO MICROSYSTEMS INC DEL COM (ALGM) 267.000 SHARES 8,015 8,015
ALLIANZ SE (ALIZY) 1,948.000 SHARES 41,785 41,785
ALLSTATE CORP (ALL) 134.000 SHARES 18,170 18,170
ALPHABET INC CAP STK CL C (GOOG) 2,531.000 SHARES 224,576 224,576
ALPHABET INC CL A (GOOGL) 1,510.000 SHARES 133,227 133,227
AMAZON COM INC (AMZN) 1,515.000 SHARES 127,260 127,260
AMDOCS LTD (DOX) 345.000 SHARES 31,361 31,361
AMEDISYS INC COM (AMED) 121.000 SHARES 10,108 10,108
AMERESCO INC CL A (AMRC) 149.000 SHARES 8,514 8,514
AMERICAN EXPRESS COMPANY (AXP) 287.000 SHARES 42,404 42,404
AMERICAN FINL GROUP INC (AFG) 412.000 SHARES 56,559 56,559
AMERICAN INTL GROUP INC COM (AIG) 745.000 SHARES 47,114 47,114
AMERICAN TOWER CORP (AMT) 747.000 SHARES 158,259 158,259
AMERICAN WTR WKS CO INC NEW COM (AWK) 219.000 SHARES 33,380 33,380
AMERICOLD RLTY TR COM (COLD) 325.000 SHARES 9,201 9,201
AMERIPRISE FINL INC COM (AMP) 39.000 SHARES 12,143 12,143
AMERISAFE INC COM (AMSF) 432.000 SHARES 22,451 22,451
AMGEN INC (AMGN) 29.000 SHARES 7,617 7,617
ANALOG DEVICES INC (ADI) 441.000 SHARES 72,337 72,337
ANHEUSER BUSCH INBEV SA NV (BUD) 158.000 SHARES 9,486 9,486
AON PLC REGISTERED SHS CL A (AON) 35.000 SHARES 10,505 10,505
APPLE INC (AAPL) 2,636.000 SHARES 342,495 342,495
APPLIED INDL TECHNOLOGIES INC (AIT) 111.000 SHARES 13,989 13,989
APPLIED MATERIALS INC (AMAT) 298.000 SHARES 29,019 29,019
APTARGROUP INC (ATR) 153.000 SHARES 16,827 16,827
APTIV PLC (APTV) 170.000 SHARES 15,832 15,832
ARCH CAPITAL GROUP LTD (ACGL) 136.000 SHARES 8,538 8,538
ARCOSA INC COM (ACA) 136.000 SHARES 7,390 7,390
ASGN INC COM (ASGN) 264.000 SHARES 21,511 21,511
ASML HLDG N V N Y REGISTRY SHS (ASML) 34.000 SHARES 18,578 18,578
ASPEN TECHNOLOGY INC NEW COM (AZPN) 33.000 SHARES 6,778 6,778
ASSA ABLOY (ASAZY) 4,476.000 SHARES 47,893 47,893
ASSICURAZIONI GENERALI S P A (ARZGY) 735.000 SHARES 6,527 6,527
ASTELLAS PHARMA INC (ALPMY) 383.000 SHARES 5,806 5,806
ASTRAZENECA PLC (AZN) 1,147.000 SHARES 77,767 77,767
AT&T INC (T) 3,515.000 SHARES 64,711 64,711
ATKORE INC COM (ATKR) 456.000 SHARES 51,720 51,720
ATLAS COPCO (ATLCY) 3,391.000 SHARES 36,097 36,097
ATLASSIAN CORP CL A (TEAM) 222.000 SHARES 28,567 28,567
ATMOS ENERGY CORP (ATO) 59.000 SHARES 6,612 6,612
AUTODESK INC (ADSK) 428.000 SHARES 79,980 79,980
AUTOMATIC DATA PROCESSING INC (ADP) 239.000 SHARES 57,088 57,088
AUTOZONE INC (AZO) 14.000 SHARES 34,527 34,527
AVALONBAY CMNTYS INC COM (AVB) 119.000 SHARES 19,221 19,221
AVANGRID INC COM (AGR) 459.000 SHARES 19,728 19,728
AVERY DENNISON CORP (AVY) 201.000 SHARES 36,381 36,381
AVID BIOSERVICES INC COM (CDMO) 573.000 SHARES 7,890 7,890
AVIENT CORP COM (AVNT) 461.000 SHARES 15,563 15,563
AVIVA PLC (AVVIY) 1,304.000 SHARES 13,927 13,927
AXA SA (AXAHY) 3,505.000 SHARES 97,684 97,684
AZEK CO INC CL A (AZEK) 902.000 SHARES 18,329 18,329
AZENTA INC COM (AZTA) 171.000 SHARES 9,956 9,956
BAKER HUGHES CO CL A (BKR) 999.000 SHARES 29,500 29,500
BALL CORP (BLL) 339.000 SHARES 17,336 17,336
BANCO BILBAO VIZCAYA ARGENTARIA SA (BBVA) 3,187.000 SHARES 19,154 19,154
BANCO SANTANDER SA (SAN) 8,187.000 SHARES 24,152 24,152
BANK AMER CORP COM (BAC) 4,563.000 SHARES 151,127 151,127
BANK OF NEW YORK MELLON CORP (BK) 359.000 SHARES 16,342 16,342
BARCLAYS PLC (BCS) 1,282.000 SHARES 10,000 10,000
BARRAT BUSINESS SERVICES INC (BBSI) 343.000 SHARES 31,995 31,995
BARRAT DEVS PLC ADR (BTDPY) 3,926.000 SHARES 37,297 37,297
BAXTER INTL INC COM (BAX) 261.000 SHARES 13,303 13,303
BAYER AG (BAYRY) 1,857.000 SHARES 23,881 23,881
BAYERISCHE MOTOREN WERKE (BMWYY) 552.000 SHARES 16,373 16,373
BECTON DICKINSON & CO (BDX) 165.000 SHARES 41,960 41,960
BERKELEY GROUP HLDGS PLC (BKGFY) 259.000 SHARES 2,353 2,353
BEST BUY INC COM (BBY) 89.000 SHARES 7,139 7,139
BIO RAD LABORATORIES INC CL A (BIO) 158.000 SHARES 66,437 66,437
BIOGEN INC COM (BIIB) 52.000 SHARES 14,400 14,400
BIONTECH SE ADS (BNTX) 236.000 SHARES 35,452 35,452
BJS WHSL CLUB HLDGS INC COM (BJ) 210.000 SHARES 13,894 13,894
BLACKLINE INC COM (BL) 196.000 SHARES 13,185 13,185
BLACKROCK INC (BLK) 57.000 SHARES 40,392 40,392
BLACKSTONE INC COM (BX) 595.000 SHARES 44,143 44,143
BLOCK INC CL A (SQ) 592.000 SHARES 37,201 37,201
BLUEPRINT MEDICINES CORP COM (BPMC) 174.000 SHARES 7,623 7,623
BNP PARIBAS (BNPQY) 1,057.000 SHARES 30,093 30,093
BOOKING HLDGS INC (BKNG) 7.000 SHARES 14,107 14,107
BOOT BARN HLDGS INC COM (BOOT) 100.000 SHARES 6,252 6,252
BOSTON SCIENTIFIC CORP COM (BSX) 229.000 SHARES 10,596 10,596
BOX INC CL A (BOX) 354.000 SHARES 11,020 11,020
BRAEMAR HOTELS & RESORTS INC COM (BHR) 2,573.000 SHARES 10,575 10,575
BRIDGESTONE CORP (BRDCY) 393.000 SHARES 6,929 6,929
BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM (BFAM) 148.000 SHARES 9,339 9,339
BRISTOL MYERS SQUIBB CO (BMY) 437.000 SHARES 31,442 31,442
BROADRIDGE FINL SOLUTIONS INC (BR) 214.000 SHARES 28,704 28,704
BROWN & BROWN INC (BRO) 384.000 SHARES 21,876 21,876
BUILDERS FIRSTSOURCE INC COM (BLDR) 377.000 SHARES 24,460 24,460
BURBERRY GROUP PLC (BURBY) 729.000 SHARES 17,700 17,700
BYD CO LTD ADR (BYDDY) 683.000 SHARES 33,563 33,563
C H ROBINSON WORLDWIDE INC (CHRW) 241.000 SHARES 22,066 22,066
CABLE ONE INC COM (CABO) 13.000 SHARES 9,254 9,254
CACTUS INC CL A (WHD) 229.000 SHARES 11,510 11,510
CADENCE DESIGN SYS INC (CDNS) 458.000 SHARES 73,573 73,573
CAMPBELL SOUP CO COM (CPB) 125.000 SHARES 7,094 7,094
CANON INC (CAJ) 353.000 SHARES 7,653 7,653
CAPITAL ONE FINL CORP COM (COF) 180.000 SHARES 16,733 16,733
CARNIVAL CORP (CCL) 445.000 SHARES 3,587 3,587
CARRIER GLOBAL CORP COM (CARR) 482.000 SHARES 19,883 19,883
CARTERS INC (CRI) 102.000 SHARES 7,610 7,610
CAVCO INDS INC DEL COM (CVCO) 37.000 SHARES 8,371 8,371
CBIZ INC COM (CBZ) 217.000 SHARES 10,166 10,166
CBOE GLOBAL MKTS INC (CBOE) 272.000 SHARES 34,128 34,128
CBRE GROUP INC CL A (CBRE) 165.000 SHARES 12,698 12,698
CENTENE CORP DEL COM (CNC) 195.000 SHARES 15,992 15,992
CHEMED CORP NEW COM (CHE) 27.000 SHARES 13,782 13,782
CHIPOTLE MEXICAN GRILL INC COM (CMG) 45.000 SHARES 62,437 62,437
CHOICE HOTELS INTL INC (CHH) 102.000 SHARES 11,489 11,489
CHUBB LTD (CB) 180.000 SHARES 39,708 39,708
CHURCH & DWIGHT CO INC (CHD) 348.000 SHARES 28,052 28,052
CIGNA CORP NEW COM (CI) 47.000 SHARES 15,573 15,573
CINCINNATI FINL CORP COM (CINF) 69.000 SHARES 7,065 7,065
CINTAS CORP COM (CTAS) 14.000 SHARES 6,323 6,323
CISCO SYSTEMS INC (CSCO) 2,632.000 SHARES 125,388 125,388
CITIGROUP INC (C) 1,128.000 SHARES 51,019 51,019
CITIZENS FINL GROUP INC (CFG) 609.000 SHARES 23,976 23,976
CLOROX CO (CLX) 69.000 SHARES 9,683 9,683
CME GROUP INC COM (CME) 145.000 SHARES 24,383 24,383
CMS ENERGY CORP (CMS) 139.000 SHARES 8,803 8,803
CNH INDL (CNHI) 785.000 SHARES 12,536 12,536
COCA COLA COMPANY (KO) 884.000 SHARES 56,231 56,231
COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A (CTSH) 195.000 SHARES 11,152 11,152
COHEN & STEERS INC (CNS) 107.000 SHARES 6,908 6,908
COLGATE PALMOLIVE CO (CL) 415.000 SHARES 32,698 32,698
COLUMBIA BKG SYS INC (COLB) 1,444.000 SHARES 43,508 43,508
COLUMBIA SPORTSWEAR CO (COLM) 421.000 SHARES 36,871 36,871
COLUMBUS MCKINNON CORP N Y (CMCO) 999.000 SHARES 32,438 32,438
COMCAST CORP CL A (CMCSA) 3,380.000 SHARES 118,199 118,199
COMERICA INC (CMA) 289.000 SHARES 19,320 19,320
COMFORT SYS USA INC COM (FIX) 95.000 SHARES 10,933 10,933
COMMERCE BANCSHARES INC COM (CBSH) 311.000 SHARES 21,170 21,170
COMMONWEALTH BK (CMWAY) 405.000 SHARES 28,322 28,322
COMMUNITY HEALTHCARE TR INC (CHCT) 789.000 SHARES 28,246 28,246
CONAGRA BRANDS INC COM (CAG) 294.000 SHARES 11,378 11,378
CONMED CORP COM (CNMD) 193.000 SHARES 17,108 17,108
CONSOLIDATED EDISON INC (ED)384.000 SHARES 36,599 36,599
CONSTELLATION BRANDS INC CL A (STZ) 55.000 SHARES 12,746 12,746
COOPER COS INC (COO) 50.000 SHARES 16,534 16,534
CORE LABORATORIES NV (CLB) 420.000 SHARES 8,513 8,513
COSTCO WHOLESALE CORP (COST) 177.000 SHARES 80,801 80,801
CREDO TECHNOLOGY GROUP HOLDING LIMITED (CRDO) 590.000 SHARES 7,853 7,853
CRH PLC (CRH) 293.000 SHARES 11,658 11,658
CRODA INTL (COIHY) 1,005.000 SHARES 40,250 40,250
CSX CORP COM (CSX) 355.000 SHARES 10,998 10,998
CUBESMART (CUBE) 582.000 SHARES 23,426 23,426
CUMMINS INC (CMI) 147.000 SHARES 35,617 35,617
CVS HEALTH CORP (CVS) 751.000 SHARES 69,986 69,986
D R HORTON INC COM (DHI) 128.000 SHARES 11,410 11,410
DAIKIN INDS LTD (DKILY) 3,022.000 SHARES 45,662 45,662
DAITO TR CONSTR CO LTD (DIFTY) 674.000 SHARES 17,187 17,187
DANA INC (DAN) 1,243.000 SHARES 18,807 18,807
DANAHER CORP (DHR) 515.000 SHARES 136,691 136,691
DARDEN RESTAURANTS INC COM (DRI) 63.000 SHARES 8,715 8,715
DASSAULT SYS S A (DASTY) 722.000 SHARES 25,812 25,812
DEERE & CO (DE) 222.000 SHARES 95,185 95,185
DELEK US HLDGS INC (DK) 812.000 SHARES 21,924 21,924
DELTA AIRLINES INC (DAL) 451.000 SHARES 14,820 14,820
DENTSPLY SIRONA INC (XRAY) 167.000 SHARES 5,317 5,317
DEUTSCHE BANK AG NAMEN (DB) 718.000 SHARES 8,271 8,271
DEUTSCHE POST AG (DPSGY) 235.000 SHARES 8,813 8,813
DEUTSCHE TELEKOM (DTEGY) 4,670.000 SHARES 93,307 93,307
DEXCOM INC COM (DXCM) 68.000 SHARES 7,700 7,700
DIAMONDROCK HOSPITALITY CO (DRH) 2,012.000 SHARES 16,478 16,478
DISCOVER FINL SVCS COM (DFS) 167.000 SHARES 16,338 16,338
DISNEY WALT CO DISNEY COM (DIS) 454.000 SHARES 39,444 39,444
DOLBY LABORATORIES INC CL A (DLB) 271.000 SHARES 19,116 19,116
DOLLAR GEN CORP (DG) 134.000 SHARES 32,998 32,998
DONALDSON INC (DCI) 255.000 SHARES 15,012 15,012
DOVER CORP (DOV) 124.000 SHARES 16,791 16,791
DXC TECHNOLOGY CO (DXC) 555.000 SHARES 14,708 14,708
DYNATRACE INC (DT) 1,773.000 SHARES 67,906 67,906
EAST WEST BANCORP INC (EWBC) 308.000 SHARES 20,297 20,297
EASTGROUP PPTYS INC (EGP) 142.000 SHARES 21,025 21,025
EASTMAN CHEM CO (EMN) 168.000 SHARES 13,682 13,682
EATON CORPORATION PLC (ETN) 432.000 SHARES 67,802 67,802
EBAY INC COM (EBAY) 290.000 SHARES 12,026 12,026
ECOLAB INC (ECL) 391.000 SHARES 56,914 56,914
EDWARDS LIFESCIENCES CORP (EW) 799.000 SHARES 59,613 59,613
EISAI CO LTD ADRS (ESALY) 429.000 SHARES 28,447 28,447
ELECTRONIC ARTS INC COM (EA) 144.000 SHARES 17,594 17,594
ELEVANCE HEALTH INC COM (ELV) 168.000 SHARES 86,179 86,179
EMERSON ELEC CO COM (EMR) 146.000 SHARES 14,025 14,025
ENEL SOCIETA PER AZIONI (ENLAY) 3,908.000 SHARES 20,869 20,869
ENPHASE ENERGY INC COM (ENPH) 141.000 SHARES 37,359 37,359
ENSIGN GROUP INC COM (ENSG) 157.000 SHARES 14,854 14,854
ENVADA PLC ADR (DAVA) 240.000 SHARES 18,360 18,360
ENVESTNET INC COM (ENV) 277.000 SHARES 17,091 17,091
EQUINIX INC COM (EQIX) 12.000 SHARES 7,860 7,860
ESSILOR INTL S A (ESLOY) 65.000 SHARES 5,888 5,888
ETSY INC (ETSY) 109.000 SHARES 13,056 13,056
EVERBRIDGE INC COM (EVBG) 224.000 6,626 6,626
EVEREST REINSURANCE GROUP LTD (RE) 24.000 SHARES 7,950 7,950
EVERSOURCE ENERGY COM (ES) 230.000 SHARES 19,283 19,283
EXELON CORP COM (EXC) 162.000 SHARES 7,003 7,003
EXPEDITORS INTL WASH INC (EXPD) 124.000 SHARES 12,886 12,886
F5 INC COM (FFIV) 63.000 SHARES 9,041 9,041
FACTSET RESH SYS INC (FDS) 81.000 SHARES 32,498 32,498
FATE THERAPEUTICS INC COM (FATE) 323.000 SHARES 3,259 3,259
FEDEX CORP (FDX) 88.000 SHARES 15,242 15,242
FIFTH THIRD BANCORP COM (FITB) 431.000 SHARES 14,141 14,141
FIRST REP BK SAN FRANCISCO CALIF NEW COM (FRC) 222.000 SHARES 27,060 27,060
FIRST SOLAR INC COM (FSLR) 220.000 SHARES 32,954 32,954
FLOWERS FOODS INC (FLO) 1,191.000 SHARES 34,229 34,229
FMC CORP COM NEW (FMC) 60.000 SHARES 7,488 7,488
FORD MOTOR CO DEL COM PAR (F) 2,174.000 SHARES 25,284 25,284
FORTIVE CORP (FTV) 1,028.000 SHARES 66,049 66,049
FOX FACTORY HLDG CORP COM (FOXF) 148.000 SHARES 13,502 13,502
FUJIFILM HLDGS CORP (FUJIY) 118.000 SHARES 5,908 5,908
G III APPAREL GROUP LTD (GIII) 732.000 SHARES 10,036 10,036
GENERAL MILLS INC COM (GIS) 325.000 SHARES 27,251 27,251
GENERAL MTRS CO COM (GM) 634.000 SHARES 21,328 21,328
GENPACT LTD (G) 285.000 SHARES 13,201 13,201
GENUINE PARTS CO COM (GPC) 40.000 SHARES 6,940 6,940
GILEAD SCIENCES INC COM (GILD) 293.000 SHARES 25,154 25,154
GLOBANT S A COM (GLOB) 94.000 SHARES 15,807 15,807
GLOBUS MED INC CL A (GMED) 735.000 SHARES 54,588 54,588
GOLDMAN SACHS GROUP INC (GS) 275.000 SHARES 94,430 94,430
GOOSEHEAD INS INC COM CL A (GSHD) 298.000 SHARES 10,233 10,233
GRAINGER WW INC (GWW) 40.000 SHARES 22,250 22,250
GREENBRIER COS INC (GBX) 835.000 SHARES 27,998 27,998
GROUP 1 AUTOMOTIVE INC COM (GPI) 143.000 SHARES 25,793 25,793
GSK PLC SPONSORED ADR NEW (GSK) 955.000 SHARES 33,559 33,559
HALLIBURTON CO (HAL) 443.000 SHARES 17,432 17,432
HAMILTON LANE INC CL A (HLNE) 175.000 SHARES 11,179 11,179
HANG LUNG PPTYS LTD (HLPPY) 3,135.000 SHARES 30,221 30,221
HARTFORD FINL SVCS GROUP INC (HIG) 294.000 SHARES 22,294 22,294
HASBRO INC (HAS) 147.000 SHARES 8,968 8,968
HENKEL AG & CO KGAA (HENKY) 1,409.000 SHARES 22,727 22,727
HENKEL AG & CO KGAA (HENOY) 312.000 SHARES 5,413 5,413
HENRY JACK & ASSOC INC (JKHY) 62.000 SHARES 10,885 10,885
HERSHEY CO (HSY) 126.000 SHARES 29,178 29,178
HEWLETT PACKARD ENTERPRISE CO COM (HPE) 681.000 SHARES 10,869 10,869
HEXCEL CORP (HXL) 590.000 SHARES 34,722 34,722
HILTON WORLDWIDE HLDGS INC COM NEW (HLT) 45.000 SHARES 5,686 5,686
HITACHI LTD (HTHIY) 229.000 SHARES 23,145 23,145
HOME DEPOT INC (HD) 482.000 SHARES 152,245 152,245
HONDA MTR LTD (HMC) 1,984.000 SHARES 45,354 45,354
HOST HOTELS & RESORTS INC (HST) 512.000 SHARES 8,218 8,218
HOSTESS BRANDS INC CL A (TWNK) 1,035.000 SHARES 23,225 23,225
HOULIHAN LOKEY INC CL A (HLI) 219.000 SHARES 19,088 19,088
HOYA CORP (HOCPY) 468.000 SHARES 44,647 44,647
HP INC COM (HPQ) 546.000 SHARES 14,671 14,671
HSBC HLDGS PLC SPONS ADR NEW (HSBC) 1,906.000 SHARES 59,391 59,391
HUBBELL INC (HUBB) 84.000 SHARES 19,713 19,713
HUMANA INC COM (HUM) 28.000 SHARES 14,341 14,341
HUNT J B TRANS SVCS INC COM (JBHT) 152.000 SHARES 26,503 26,503
HUNTINGTON BANCSHARES INC COM (HBAN) 1,990.000 SHARES 28,059 28,059
IBERDROLA S A (IBDRY) 710.000 SHARES 33,200 33,200
IDEX CORP (IEX) 73.000 SHARES 16,668 16,668
IDEXX LABS INC (IDXX) 185.000 SHARES 75,473 75,473
ILLINOIS TOOL WORKS INC (ITW) 107.000 SHARES 23,572 23,572
ILLUMINA INC (ILMN) 26.000 SHARES 5,257 5,257
INARI MED INC COM (NARI) 212.000 SHARES 13,475 13,475
INDEPENDENT BK GROUP INC (IBTX) 557.000 SHARES 33,465 33,465
INFINEON TECHNOLOGIES AG (IFNNY) 1,728.000 SHARES 52,099 52,099
ING GROEP N V (ING) 7,352.000 SHARES 89,474 89,474
INGERSOLL RAND INC COM (IR) 237.000 SHARES 12,383 12,383
INNOSPEC INC COM (IOSP) 110.000 SHARES 11,315 11,315
INSPIRE MED SYS INC COM (INSP) 95.000 SHARES 23,929 23,929
INSTEEL INDS INC COM (IIIN) 645.000 SHARES 17,750 17,750
INTEGRA LIFESCIENCE HLDGS CORP COM NEW (IART) 430.000 SHARES 24,110 24,110
INTEL CORP (INTC) 2,213.000 SHARES 58,490 58,490
INTERCONTINENTAL EXCHANGE INC COM (ICE) 159.000 SHARES 16,312 16,312
INTERNATIONAL BUSINESS MACHS CORP (IBM) 532.000 SHARES 74,953 74,953
INTERNATIONAL FLAVORS & FRAGRANCES INC COM (IFF) 264.000 SHARES 27,678 27,678
INTERPUBLIC GROUP COS INC (IPG) 1,785.000 SHARES 59,458 59,458
INTESA SANPAOLO S P A (ISNPY) 1,309.000 SHARES 17,488 17,488
INTUIT INCORPORATED (INTU) 271.000 SHARES 105,479 105,479
INTUITIVE SURGICAL INC (ISRG) 42.000 SHARES 11,145 11,145
INVESCO LTD (IVZ) 1,274.000 SHARES 22,919 22,919
IQVIA HLDGS INC COM (IQV) 83.000 SHARES 17,006 17,006
IRIDIUM COMMUNICATIONS INC (IRDM) 386.000 SHARES 19,840 19,840
JAPAN AIRLS LTD (JAPSY) 3,069.000 SHARES 30,936 30,936
JOHN BEAN TECHNOLOGIES CORP COM (JBT) 113.000 SHARES 10,320 10,320
JOHNSON & JOHNSON (JNJ) 598.000 SHARES 105,637 105,637
JOHNSON CTLS INTL PLC (JCI) 405.000 SHARES 25,920 25,920
JONES LANG LASALLE INC (JLL) 197.000 SHARES 31,396 31,396
JP MORGAN CHASE & CO (JPM) 1,817.000 SHARES 243,660 243,660
JULIUS BAER GROUP LTD ADR (JBAXY) 2,176.000 SHARES 25,155 25,155
JUNIPER NETWORKS INC (JNPR) 288.000 SHARES 9,204 9,204
KBC GROUP NV (KBCSY) 1,443.000 SHARES 46,421 46,421
KDDI CORP (KDDIY) 1,528.000 SHARES 23,088 23,088
KELLOGG CO COM (K) 163.000 SHARES 11,612 11,612
KERRY GROUP PLC (KRYAY) 440.000 SHARES 39,380 39,380
KEURIG DR PEPPER INC COM (KDP) 318.000 SHARES 11,340 11,340
KEYCORP NEW COM (KEY) 1,288.000 SHARES 22,437 22,437
KIMBERLY-CLARK CORP COM (KMB) 53.000 SHARES 7,195 7,195
KINSALE CAP GROUP INC COM (KNSL) 47.000 SHARES 12,291 12,291
KLA CORP COM (KLAC) 21.000 SHARES 7,918 7,918
KOHLS CORP (KSS) 502.000 SHARES 12,676 12,676
KONINKLIJKE AHOLD NV (ADRNY) 2,865.000 SHARES 82,226 82,226
KONINKLIJKE PHILIPS N V (PHG) 983.000 SHARES 14,735 14,735
KOPPERS HLDGS INC (KOP) 818.000 SHARES 23,068 23,068
KROGER CO COM (KR) 381.000 SHARES 16,985 16,985
LABORATORY CORP AMER HLDGS COM NEW (LH) 34.000 SHARES 8,006 8,006
LAM RESH CORP COM (LRCX) 45.000 SHARES 18,914 18,914
LAMAR ADVERTISING CO NEW CL A (LAMR) 111.000 SHARES 10,479 10,479
LAMB WESTON HLDGS INC COM (LW) 280.000 SHARES 25,021 25,021
LANTHEUS HLDGS INC COM (LNTH) 404.000 SHARES 20,588 20,588
LAUDER ESTEE COS INC CL A (EL) 163.000 SHARES 40,442 40,442
LEGAL & GEN GROUP PLC (LGGNY) 387.000 SHARES 5,848 5,848
LENNAR CORP CL A (LEN) 198.000 SHARES 17,919 17,919
LILLY ELI & CO COM (LLY) 20.000 SHARES 7,317 7,317
LINCOLN ELEC HLDGS INC (LECO) 227.000 SHARES 32,799 32,799
LINDE PLC (LIN) 171.000 SHARES 55,777 55,777
LIVENT CORP COM (LTHM) 644.000 SHARES 12,796 12,796
LLOYDS BANKING GROUP PLC SPONS ADR (LYG) 30,688.000 SHARES 67,514 67,514
LOREAL CO (LRLCY) 679.000 SHARES 48,375 48,375
LOWES COS INC COM (LOW) 234.000 SHARES 46,622 46,622
LPL FINL HLDGS INC COM (LPLA) 101.000 SHARES 21,833 21,833
LULULEMON ATHLETICA INC COM (LULU) 55.000 SHARES 17,621 17,621
M & T BK CORP COM (MTB) 62.000 SHARES 8,994 8,994
MADDEN STEVEN LTD COM (SHOO) 514.000 SHARES 16,427 16,427
MALIBU BOATS INC COM CL A (MBUU) 279.000 SHARES 14,871 14,871
MANHATTAN ASSOCS INC COM (MANH) 95.000 SHARES 11,533 11,533
MARKEL CORP COM (MKL) 5.000 SHARES 6,587 6,587
MARRIOTT INTL INC NEW CL A (MAR) 77.000 SHARES 11,465 11,465
MARSH & MCLENNAN COS INC COM (MMC) 292.000 SHARES 48,320 48,320
MARVELL TECHNOLOGY INC COM (MRVL) 1,399.000 SHARES 51,819 51,819
MASCO CORP (MAS) 589.000 SHARES 27,489 27,489
MASTERCARD INC CL A (MA) 142.000 SHARES 49,378 49,378
MAXIMUM INC COM (MMS) 308.000 SHARES 22,586 22,586
MCCORMICK & CO INC COM NON VTG (MKC) 368.000 SHARES 30,504 30,504
MEDPACE HLDGS INC (MEDP) 170.000 SHARES 36,110 36,110
MEDTRONIC PLC (MDT) 789.000 SHARES 61,321 61,321
MERCANTILE BK CORP (MBWM) 1,176.000 SHARES 39,372 39,372
MERCEDES-BENZ GROUP AG (MBGYY) 1,531.000 SHARES 25,032 25,032
MERCK & CO INC (MRK) 1,433.000 SHARES 158,991 158,991
MERCK & CO INC (MRK) 5,524.000 SHARES 612,888 612,888
MERCURY SYS INC COM (MRCY) 190.000 SHARES 8,501 8,501
METLIFE INC COM (MET) 408.000 SHARES 29,527 29,527
MGP INGREDIENTS INC NEW COM (MGPI) 196.000 SHARES 20,850 20,850
MICHELIN COMPAGNIE GENERALE DES ESTABLISH (MGDDY) 447.000 SHARES 6,209 6,209
MICRON TECHNOLOGY INC COM (MU) 505.000 SHARES 25,240 25,240
MICROSOFT CORP (MSFT) 2,037.000 SHARES 488,513 488,513
MIDDLEBY CORP (MIDD) 93.000 SHARES 12,453 12,453
MIZUHO FINANCIAL GROUP INC (MFG) 4,616.000 SHARES 13,109 13,109
MKS INSTRS INC COM (MKSI) 331.000 SHARES 28,046 28,046
MODEL N INC COM (MODN) 512.000 SHARES 20,767 20,767
MODERNA INC (MRNA) 60.000 SHARES 10,777 10,777
MONDELEZ INTL INC CL A (MDLZ) 673.000 SHARES 44,855 44,855
MONOLITHIC PWR SYS INC (MPWR) 197.000 SHARES 69,661 69,661
MONTROSE ENVIRONMENTAL GROUP INC COM (MEG) 257.000 SHARES 11,408 11,408
MOODYS CORP (MCO) 73.000 SHARES 20,339 20,339
MSCI INC COM (MSCI) 185.000 SHARES 86,056 86,056
MUNICH RE GROUP (MURGY) 242.000 SHARES 7,840 7,840
NASDAQ INC COM (NDAQ) 87.000 SHARES 5,337 5,337
NATERA INC COM (NTRA) 264.000 SHARES 10,605 10,605
NATIONAL GRID PLC (NGG) 346.000 SHARES 20,871 20,871
NATIONAL STORAGE AFFILIATES TR (NSA) 402.000 SHARES 14,520 14,520
NETAPP INC (NTAP) 287.000 SHARES 17,237 17,237
NEW YORK TIMES CO CL A (NYT) 499.000 SHARES 16,198 16,198
NEXSTAR MEDIA GROUP INC CL A (NXST) 175.000 SHARES 30,630 30,630
NIKE INC CL B (NKE) 920.000 SHARES 107,649 107,649
NORDEA BK ABP (NRDBY) 1,353.000 SHARES 14,626 14,626
NORDSON CORP (NDSN) 147.000 SHARES 34,945 34,945
NORTHERN TR CORP (NTRS) 405.000 SHARES 35,838 35,838
NOVANTA INC (NOVT) 246.000 SHARES 33,434 33,434
NOVARTIS AG (NVS) 1,790.000 SHARES 162,389 162,389
NOVO NORDISK A.S.(NVO) 528.000 SHARES 71,460 71,460
NV5 GLOBAL INC COM (NVEE) 168.000 SHARES 22,230 22,230
NVIDIA CORP (NVDA) 1,040.000 SHARES 151,986 151,986
NXP SEMICONDUCTORS NV COM (NXPI) 95.000 SHARES 15,013 15,013
OMNICELL INC COM (OMCL) 378.000 SHARES 19,059 19,059
OMNICOM GROUP INC (OMC) 652.000 SHARES 53,184 53,184
ONE GAS INC COM (OGS) 296.000 SHARES 22,413 22,413
ONTO INNOVATION INC (ONTO) 598.000 SHARES 40,718 40,718
OPTION CARE HEALTH INC COM NEW (OPCH) 998.000 SHARES 30,030 30,030
ORACLE CORP COM (ORCL) 245.000 SHARES 20,026 20,026
ORANGE SPONSORED ADR (ORAN) 677.000 SHARES 6,689 6,689
ORGANON & CO COM (OGN) 125.000 SHARES 3,491 3,491
ORIX CORP (IX) 830.000 SHARES 66,832 66,832
ORSTED A/S (DNNGY) 1,171.000 SHARES 35,352 35,352
OVERSEA CHINEASE BKG CORP LTD ADR (OVCHY) 4,204.000 SHARES 75,987 75,987
OXFORD INDS INC COM (OXM) 216.000 SHARES 20,127 20,127
PACCAR INC COM (PCAR) 132.000 SHARES 13,064 13,064
PACIFIC PREMIER BANCORP (PPBI) 575.000 SHARES 18,147 18,147
PACIRA BIOSCIENCE INC COM (PCRX) 184.000 SHARES 7,104 7,104
PACKAGING CORP AMER (PKG) 185.000 SHARES 23,663 23,663
PALO ALTO NETWORKS INC COM (PANW) 113.000 SHARES 15,768 15,768
PALOMAR HLDGS INC COM (PLMR) 145.000 SHARES 6,548 6,548
PANASONIC HLDGS CORP (PCRFY) 743.000 SHARES 6,204 6,204
PARKER HANNIFIN CORP (PH) 76.000 SHARES 22,116 22,116
PATRICK IND INC (PATK) 433.000 SHARES 26,240 26,240
PAYPAL HLDGS INC (PYPL) 351.000 SHARES 24,998 24,998
PEPSICO INC (PEP) 730.000 SHARES 131,882 131,882
PERKINELMER INC (PKI) 221.000 SHARES 30,989 30,989
PFIZER INC (PFE) 1,062.000 SHARES 54,417 54,417
PHYSICIANS RLTY TR COM (DOC) 628.000 SHARES 9,087 9,087
PINNACLE FINL PARTNERS INC (PNFP) 609.000 SHARES 44,701 44,701
PNC FINL SVCS GROUP INC COM (PNC) 349.000 SHARES 55,121 55,121
POWER INTEGRATIONS INC COM (POWI) 261.000 SHARES 18,719 18,719
PPG INDS INC (PPG) 230.000 SHARES 28,920 28,920
PRICE T ROWE GROUP INC (TROW) 282.000 SHARES 30,755 30,755
PRINCIPAL FINL GROUP INC COM (PFG) 156.000 SHARES 13,092 13,092
PROCTER & GAMBLE CO (PG) 575.000 SHARES 87,147 87,147
PROGRESS SOFTWARE CORP (PRGS) 223.000 SHARES 11,250 11,250
PROGRESSIVE CORP OH (PGR) 145.000 SHARES 18,808 18,808
PROLOGIS INC (PLD) 304.000 SHARES 34,270 34,270
PRUDENTIAL FINL INC (PRU) 217.000 SHARES 21,583 21,583
PRYSMIAN SPA (PRYMY) 2,136.000 SHARES 39,644 39,644
PT BK RAKYAT (BKRKY) 2,189.000 SHARES 34,433 34,433
PULTEGROUP INC COM (PHM) 153.000 SHARES 6,966 6,966
QUALCOMM INC (QCOM) 114.000 SHARES 12,533 12,533
QUANTA SVCS INC COM (PWR) 39.000 SHARES 5,558 5,558
QUEST DIAGNOSTICS INC COM (DGX) 50.000 SHARES 7,822 7,822
RAPID7 INC COM (RPD) 414.000 SHARES 14,068 14,068
RAYMOND JAMES FINL INC (RJF) 244.000 SHARES 26,071 26,071
RECRUIT HLDGS CO LTD (RCRUY) 5,565.000 SHARES 34,447 34,447
REGAL REXNORD CORP COM (RRX) 35.000 SHARES 4,199 4,199
REGENCY CTRS CORP (REG) 142.000 SHARES 8,875 8,875
REGENERON PHARMACEUTICALS INC (REGN) 25.000 SHARES 18,037 18,037
REGIONS FINL CORP NEW COM (RF) 595.000 SHARES 12,828 12,828
REINSURANCE GROUP AMER INC (RGA) 311.000 SHARES 44,190 44,190
RELIANCE STL & ALUM CO (RS) 288.000 SHARES 58,303 58,303
REPUBLIC SVCS INC COM (RSG) 40.000 SHARES 5,160 5,160
RESMED INC COM (RMD) 63.000 SHARES 13,112 13,112
REVOLVE GROUP INC CL A (RVLV) 360.000 SHARES 8,014 8,014
RITCHIE BROS AUCTIONEER INC COM (RBA) 271.000 SHARES 15,672 15,672
RLJ LODGING TR L P COM (RLJ) 2,865.000 SHARES 30,340 30,340
ROBERT HALF INTL INC (RHI) 388.000 SHARES 28,646 28,646
ROCHE HLDGS LTD (RHHBY) 1,937.000 SHARES 75,834 75,834
ROCKWELL AUTOMATION INC (ROK) 105.000 SHARES 27,045 27,045
ROSS STORES INC (ROST) 285.000 SHARES 33,080 33,080
ROYAL CARIBBEAN CRUISES LTD (RCL) 331.000 SHARES 16,361 16,361
RPM INTL INC (RPM) 172.000 SHARES 16,761 16,761
RUTH HOSPITALITY GROUP INC COM (RUTH) 719.000 SHARES 11,130 11,130
S&P GLOBAL INC (SPGI) 68.000 SHARES 22,776 22,776
SAIA INC COM (SAIA) 63.000 SHARES 13,210 13,210
SALESFORCE.COM INC (CRM) 153.000 SHARES 20,286 20,286
SAMPO OYJ (SAXPY) 3,380.000 SHARES 88,150 88,150
SANFILIPPO JOHN B & SON INC (JBSS) 206.000 SHARES 16,752 16,752
SANOFI SPONS ADR (SNY) 1,456.000 SHARES 70,514 70,514
SAP AE (SAP) 652.000 SHARES 67,280 67,280
SCHEIN HENRY INC (HSIC) 505.000 SHARES 40,334 40,334
SCHNEIDER (SBGSY) 2,462.000 SHARES 68,838 68,838
SCHWAB CHARLES CORP (SCHW) 559.000 SHARES 46,542 46,542
SEI INVESTMENTS CO (SEIC) 267.000 SHARES 15,566 15,566
SEMPRA ENERGY (SRE) 59.000 SHARES 9,118 9,118
SENSATA TECHNOLOGIES HOLDING PLC (ST) 1,020.000 SHARES 41,188 41,188
SERVICENOW INC (NOW) 195.000 SHARES 75,713 75,713
SHAKE SHACK INC CL A (SHAK) 243.000 SHARES 10,092 10,092
SHERWIN WILLIAMS CO (SHW) 72.000 SHARES 17,088 17,088
SHIMANO (SMNNY) 2,427.000 SHARES 38,092 38,092
SIEMENS A G (SIEGY) 726.000 SHARES 49,942 49,942
SIGNATURE BK NEW YORK N Y (SBNY) 169.000 SHARES 19,472 19,472
SILICON LABORATORIES INC COM (SLAB) 264.000 SHARES 35,817 35,817
SILK RD MED INC COM (SILK) 276.000 SHARES 14,587 14,587
SIMPLY GOOD FOODS CO COM (SMPL) 481.000 SHARES 18,292 18,292
SINGAPORE TELECOMMUNICATIONS LTD (SGAPY) 1,543.000 SHARES 29,471 29,471
SITEONE LANDSCAPE SUPPLY INC COM (SITE) 74.000 SHARES 8,682 8,682
SITIME CORP COM (SITM) 68.000 SHARES 6,910 6,910
SMITH A O CORP (AOS) 163.000 SHARES 9,330 9,330
SMUCKER J M CO (SJM) 281.000 SHARES 44,527 44,527
SNAP ON INC COM (SNA) 140.000 SHARES 31,989 31,989
SNOWFLAKE INC CL A (SNOW) 99.000 SHARES 14,210 14,210
SOCIETE GENERALE FRANCE SPON (SCGLY) 1,344.000 SHARES 6,666 6,666
SOFTBANK CORP (SFTBY) 1,152.000 SHARES 24,371 24,371
SOFTBANK MOBILE SVCS CORP (SOBKY) 1,105.000 SHARES 12,431 12,431
SONY GROUP CORP AMERN SH NEW (SONY) 478.000 SHARES 36,462 36,462
SOUTH ST CORP (SSB) 263.000 SHARES 20,082 20,082
SOUTHWEST GAS HLDGS INC (SWX) 761.000 SHARES 47,091 47,091
SPROUT SOCIAL INC COM CL A (SPT) 210.000 SHARES 11,857 11,857
SSE PLC (SSEZY) 2,739.000 SHARES 56,341 56,341
STAG INDL INC (STAG) 769.000 SHARES 24,846 24,846
STANDARD CHARTERED (SCBFY) 601.000 SHARES 8,973 8,973
STANLEY BLACK & DECKER INC (SWK) 104.000 SHARES 7,812 7,812
STARBUCKS CORP (SBUX) 788.000 SHARES 78,170 78,170
STATE STR CORP (STT) 155.000 SHARES 12,023 12,023
STEEL DYNAMICS INC COM (STLD) 76.000 SHARES 7,425 7,425
STELLANTIS N V SHS (STLA) 860.000 SHARES 12,172 12,172
STEPSTONE GROUP INC CL A (STEP) 509.000 SHARES 12,817 12,817
STERIS PLC (STE) 71.000 SHARES 13,113 13,113
STOCK YDS BANCORP INC (SYBT) 254.000 SHARES 16,505 16,505
STRYKER CORP (SYK) 69.000 SHARES 16,870 16,870
SUMITOMO MITSUI FINL GROUP INC (SMFG) 3,082.000 SHARES 24,718 24,718
SUPER MICRO COMPUTER INC COM (SMCI) 238.000 SHARES 19,540 19,540
SURGERY PARTERS INC COM (SGRY) 360.000 SHARES 10,030 10,030
SVB FINL GROUP (SIVB) 58.000 SHARES 13,348 13,348
SWATCH GROUP AG (SWGAY) 438.000 SHARES 6,215 6,215
SYNCHRONY FINL COM (SYF) 283.000 SHARES 9,299 9,299
SYSCO CORP COM (SYY) 621.000 SHARES 47,475 47,475
TAIWAN SEMICONDUCTOR MFG CO (TSM) 411.000 SHARES 30,615 30,615
TAKEDA PHARMACEUTICAL CO (TAK) 1,418.000 SHARES 22,121 22,121
TARGET CORP COM (TGT) 487.000 SHARES 72,582 72,582
TAYLOR MORRISON HOME CORP (TMHC) 752.000 SHARES 22,823 22,823
TDK CORP (TTDKY) 1,122.000 SHARES 36,510 36,510
TE CONNECTIVITY LTD (TEL) 209.000 SHARES 23,993 23,993
TELEFLEX INC COM (TFX) 47.000 SHARES 11,733 11,733
TELEFONICA S A (TEF) 1,755.000 SHARES 6,265 6,265
TENARIS S A (TS) 940.000 SHARES 33,050 33,050
TERRENO RLTY CORP COM (TRNO) 281.000 SHARES 15,981 15,981
TESLA INC (TSLA) 247.000 SHARES 30,425 30,425
TETRA TECH INC NEW COM (TTEK) 324.000 SHARES 47,042 47,042
TEXAS INSTRS INC COM (TXN) 354.000 SHARES 58,488 58,488
TEXAS ROADHOUSE INC (TXRH) 241.000 SHARES 21,919 21,919
THERMO FISHER SCIENTIFIC INC (TMO) 244.000 SHARES 134,368 134,368
TILLYS INC CL A (TLYS) 661.000 SHARES 5,982 5,982
TJX COS INC (TJX) 997.000 SHARES 79,361 79,361
T-MOBILE US INC COM (TMUS) 59.000 SHARES 8,260 8,260
TOPBUILD CORP (BLD) 121.000 SHARES 18,935 18,935
TORO CO (TTC) 104.000 SHARES 11,773 11,773
TOYOTA MTR CO (TM) 501.000 SHARES 68,427 68,427
TRACTOR SUPPLY CO (TSCO) 101.000 SHARES 22,722 22,722
TRANE TECHNOLOGIES PLC (TT) 324.000 SHARES 54,461 54,461
TRAVELERS COS INC COM (TRV) 331.000 SHARES 62,059 62,059
TRICO BANCSHARES (TCBK) 525.000 SHARES 26,770 26,770
TRIMBLE INC COM (TRMB) 180.000 SHARES 9,101 9,101
TRUIST FINL CORP COM (TFC) 770.000 SHARES 33,133 33,133
UBS GROUP (UBS) 3,468.000 SHARES 64,748 64,748
UMB FINL CORP (UMBF) 389.000 SHARES 32,489 32,489
UMH PPTYS INC (UMH) 671.000 SHARES 10,803 10,803
UNICREDIT SPA (UNCRY) 1,573.000 SHARES 11,090 11,090
UNILEVER PLC (UL) 3,427.000 SHARES 172,549 172,549
UNION PAC CORP (UNP) 406.000 SHARES 84,070 84,070
UNITED CMNTY BK BLAIRSVILLE GA (UCBI) 861.000 SHARES 29,102 29,102
UNITED PARCEL SVC INC CL B (UPS) 519.000 SHARES 90,223 90,223
UNITED RENTALS INC COM (URI) 31.000 SHARES 11,018 11,018
UNITEDHEALTH GROUP INC COM (UNH) 519.000 SHARES 275,163 275,163
UNUM GROUP COM (UNM) 568.000 SHARES 23,305 23,305
UPM KYMMENE CORP (UPMMY) 175.000 SHARES 6,542 6,542
US BANCORP DEL COM NEW (USB) 1,198.000 SHARES 52,245 52,245
V F CORP COM (VFC) 176.000 SHARES 4,859 4,859
VALEO (VLEEY) 3,194.000 SHARES 28,171 28,171
VENTAS INC (VTR) 200.000 SHARES 9,010 9,010
VERISK ANALYTICS INC (VRSK) 542.000 SHARES 95,620 95,620
VERITEX HLDGS INC (VBTX) 1,189.000 SHARES 33,387 33,387
VERIZON COMMUNICATIONS INC COM (VZ) 2,936.000 SHARES 115,678 115,678
VERTEX PHARMACEUTICALS INC COM (VRTX) 46.000 SHARES 13,284 13,284
VESTAS WIND SYS (VWDRY) 3,475.000 SHARES 33,362 33,362
VISA INC COM CL A (V) 892.000 SHARES 185,322 185,322
VODAFONE GROUP PLC (VOD) 3,439.000 SHARES 34,803 34,803
VOLKSWAGEN A G ADR (VWAGY) 297.000 SHARES 4,647 4,647
VOLKSWAGEN A G ADR (VWAPY) 696.000 SHARES 8,616 8,616
VOLVO AB ADR (VLVLY) 2,555.000 SHARES 46,092 46,092
VONOVIA SE ADR (VONOY) 459.000 SHARES 5,352 5,352
VORNADO RLTY TR (VNO) 206.000 SHARES 4,287 4,287
WABTEC COM (WAB) 191.000 SHARES 19,064 19,064
WALMART INC COM (WMT) 552.000 SHARES 78,268 78,268
WARBY PARKER INC CL A COM (WRBY) 694.000 SHARES 8,755 8,755
WARNER BROS DISCOVERY INC COM SER A (WBD) 876.000 SHARES 8,304 8,304
WASTE MGMT INC DEL COM (WM) 287.000 SHARES 45,025 45,025
WATERS CORP COM (WAT) 48.000 SHARES 16,444 16,444
WELLS FARGO & CO (WFC) 1,256.000 SHARES 51,860 51,860
WEST PHARMACEUTICAL SVCS INC (WST) 265.000 SHARES 62,368 62,368
WILLIAMS COS INC (WMB) 368.000 SHARES 12,107 12,107
WILLIAMS SONOMA INC (WSM) 215.000 SHARES 24,708 24,708
WILLIS TOWERS WATSON PUB LTD (WTW) 28.000 SHARES 6,848 6,848
WINGSTOP INC COM (WING) 74.000 SHARES 10,184 10,184
WNS HLDGS LTD (WNS) 87.000 SHARES 6,959 6,959
WORKIVA INC COM CL A (WK) 209.000 SHARES 17,550 17,550
WORLDLINE SA ADR (WRDLY) 1,640.000 SHARES 31,964 31,964
WSFS FINL CORP (WSFS) 575.000 SHARES 26,050 26,050
XENCOR INC COM (XNCR) 318.000 SHARES 8,281 8,281
XYLEM INC (XYL) 112.000 SHARES 12,384 12,384
YAMAHA CORP (YAMCY) 960.000 SHARES 35,510 35,510
YETI HLDGS INC COM (YETI) 288.000 SHARES 11,897 11,897
YUM BRANDS INC (YUM) 146.000 SHARES 18,700 18,700
ZURICH INS GROUP LTD (ZURVY) 715.000 SHARES 34,209 34,209

TY 2022 InvestmentsGovtObligationsSch
Name:
MERCK FAMILY FUND
EIN:
22-6063382
US Government Securities - End of Year Book Value:

3,350,332
US Government Securities - End of Year Fair Market Value:

3,350,332
State & Local Government Securities - End of Year Book Value:


1,431,855
State & Local Government Securities - End of Year Fair Market Value:


1,431,855


TY 2022 InvestmentsOtherSchedule2
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACRE VENTURE PARTNERS II, LP FMV 383,781 383,781
ACRE VENTURE PARTNERS III, LP FMV 65,318 65,318
AMG TIMESSQUARE INTERNATIONAL SMALL CAP CL I (TQTIX) 177,641.338 SHARES FMV 2,350,195 2,350,195
BLOCPOWER ENERGY, LLC 4.00% 12/31/31 91,671 QTY FMV 91,671 91,671
BOSTON IMPACT INITIATIVE FUND 4.00% 12/01/25 25,000 QTY FMV 25,000 25,000
BOXPOWER INC. LIBOR +2.5% 11/11/2023 100,000 QTY FMV 100,000 100,000
CALVERT ABSOLUTE RETURN BOND FUND CLASS I (CUBIX) 122,892.638 SHARES FMV 1,720,497 1,720,497
CLARUS LIFESCIENCES I, L.P. FMV 125,665 125,665
CLARUS LIFESCIENCES II, L.P. FMV 45,639 45,639
CLEAN GROWTH FUND IV, LP FMV 272,079 272,079
CLEAN GROWTH FUND V, LP FMV 264,058 264,058
DBL PARTNERS III, LP FMV 702,435 702,435
ECOSYSTEM INTEGRITY FUND III, LP FMV 636,120 636,120
ECOSYSTEM INTEGRITY FUND IV, LP FMV 362,250 362,250
ECOSYSTEM INVESTMENT PARTNERS II, LP FMV 175,945 175,945
ECOSYSTEM INVESTMENT PARTNERS III, LP FMV 347,233 347,233
ENERGY IMPACT FUND II, LP FMV 466,579 466,579
ENTERPRISE COMMUNITY IMPACT 1.50% 09/30/26 300,000 QTY FMV 300,000 300,000
FOODSHED CAPITAL 1.50% 11/30/31 100,000 QTY FMV 100,000 100,000
GENERATION IM CLIMATE SOLUTIONS FUND (II) (U.S.), L.P. FMV 629,034 629,034
GENERATION IM CLIMATE SOLUTIONS FUND (U.S.), L.P. FMV 209,510 209,510
GENERATION IM GLOBAL EQUITY FUND, LLC FMV 5,272,149 5,272,149
GERDING EDLEN GREEN CITIES IV, LP FMV 773,222 773,222
LOCAL ENTERPRISE ASSISTANCE FUND 3.00% 01/15/24 50,000 QTY FMV 50,000 50,000
LOCAL ENTERPRISE ASSISTANCE FUND 3.00% 12/14/24 50,000 QTY FMV 50,000 50,000
MCE SOCIAL CAPITAL 1.75% 12/15/23 500,000 QTY FMV 500,000 500,000
NATURAL CAPITAL INVESTMENT FUND 3.00% 03/20/29 100,000 QTY FMV 100,000 100,000
NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND II LP FMV 1,164,798 1,164,798
NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND LP FMV 33,942 33,942
PHILAIMPACT REINVESTMENT FUND 1.50% 12/31/23 300,000 QTY FMV 300,000 300,000
RBC MARKETS EQUITY FUND CLASS I (REEIX) 346,519.546 SHARES FMV 3,926,066 3,926,066
RESONANT ENERGY, LLC 5.00% 09/30/26 100,000 QTY FMV 100,000 100,000
ROCKPORT CAPITAL PARTNERS III, LP FMV 633,382 633,382
SJF VENTURES III, LP FMV 387,171 387,171
SJF VENTURES IV, LP FMV 850,861 850,861
SJF VENTURES V, LP FMV 199,110 199,110
SUMMIT PARTNERS SUSTAINABLE OPPORTUNITIES L/S QP FUND, L.P. FMV 2,782,359 2,782,359
SUN INITIATIVE II 3.50% 12/31/25 25,000 QTY FMV 25,000 25,000
SUNWEALTH LOAN COMPANY 4, LLC 5.00% 09/30/24 75,000 QTY FMV 75,000 75,000
SUNWEALTH NOTE POOL 2 LLC FMV 25,000 25,000
THE LYME FOREST FUND III TE LIMITED PARTNERSHIP FMV 34,454 34,454
THE LYME FOREST FUND IV TE LP FMV 265,442 265,442
THE LYME FOREST FUND V TE LP FMV 414,915 414,915
THEOREM MAIN FUND OFFSHORE, LP FMV 989,615 989,615
WINDSAIL CREDIT FUND, L.P. FMV 339,002 339,002

TY 2022 LegalFeesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL AND ADMINISTRATIVE LEGAL COUNSEL 11,694 0   10,481


TY 2022 OtherAssetsSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INVESTMENT INCOME 41,539 59,949 59,949
OTHER RECEIVABLES 0 2,380 2,380


TY 2022 OtherDecreasesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Amount
UNREALIZED DEPRECIATION ON INVESTMENTS 13,790,617


TY 2022 OtherExpensesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 4,034 0   3,787
OFFICE EXPENSE AND SUPPLIES 14,512 0   10,155
OTHER INVESTMENT EXPENSES 12,391 12,391   0
THRU SCHEDULE K-1 - OTHER DEDUCTIONS, NET OF UBI 0 257,619   0


TY 2022 OtherIncomeSchedule2
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS INVESTMENT INCOME 1,513 1,513 1,513
THRU SCHEDULE K-1 - ORDINARY BUSINESS INCOME (LOSS)   5,076  
THRU SCHEDULE K-1 - NET RENTAL REAL ESTATE INCOME, NET OF UBI   -16,619  
THRU SCHEDULE K-1 - OTHER INCOME (LOSS), NET OF UBI   126,260  
STATE UNRELATED BUSINESS INCOME TAX REFUND 1,209   1,209


TY 2022 OtherIncreasesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Amount
DEFERRED FEDERAL EXCISE TAX BENEFIT 212,000
GAIN ON GRANTS OF SECURITIES TO GRANTEES 280,643


TY 2022 OtherLiabilitiesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED FEDERAL EXCISE TAX 471,000 259,000
DEFERRED RENT 2,530 2,200


TY 2022 OtherProfessionalFeesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROGRAM AND RESEARCH CONSULTANTS 306,684 0   306,684
EXECUTIVE SEARCH 70,066 0   70,066
INVESTMENT ADVISORY 85,000 85,000   0
INVESTMENT MANAGEMENT 119,847 119,847   0


TY 2022 SubstantialContributorsSch
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Name Address
JOHN MERCK FUND
  		100 SUMMER STREET SUITE 1600
BOSTON,MA02110


TY 2022 TaxesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 20,472 0   0
FOREIGN TAXES WITHHELD 19,368 19,368   0
THRU SCHEDULE K-1 - FOREIGN TAXES, NET OF UBI 0 5,914   0