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
DEDHAM INSTITUTION FOR SAVINGS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)45 SCHOOL ST 5TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA021083204
A Employer identification number

04-3423462
B Telephone number (see instructions)

(781) 461-0163
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$4,424,490J 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) 2,500
2 Check right arrow.............
3 Interest on savings and temporary cash investments 1,667 1,667  
4 Dividends and interest from securities... 69,184 67,102  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 198,840
b Gross sales price for all assets on line 6a 766,981
7 Capital gain net income (from Part IV, line 2)... 200,650
8 Net short-term capital gain......... 0
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
59,177 47,686  
12 Total. Add lines 1 through 11........ 331,368 317,105  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,000 3,000 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
33,166 33,166   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
12,767 656   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,149 198    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 50,082 37,020 0 0
25 Contributions, gifts, grants paid....... 267,700 267,700
26 Total expenses and disbursements. Add lines 24 and 25 317,782 37,020 0 267,700
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 13,586
b Net investment income (if negative, enter -0-) 280,085
c Adjusted net income (if negative, enter -0-)... 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............. 126,359 95,448 95,448
2 Savings and temporary cash investments......... 155,131 323,580 323,580
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)   Click to see attachment
List of Attached Documents:
// Content
49,652 		49,309
b Investments—corporate stock (attach schedule)....... 1,586,692 Click to see attachment
List of Attached Documents:
// Content
1,542,113 		3,327,320
c Investments—corporate bonds (attach schedule)....... 556,155 Click to see attachment
List of Attached Documents:
// Content
455,444 		432,830
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)..........     0
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
675,281 		Click to see attachment
List of Attached Documents:
// Content
646,967 		Click to see attachment
List of Attached Documents:
// Content
196,003
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,099,618 3,113,204 4,424,490
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
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...........    
25 Net assets with donor restrictions............    
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........ 3,099,618 3,113,204
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)..... 3,099,618 3,113,204
30 Total liabilities and net assets/fund balances (see instructions). 3,099,618 3,113,204
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
3,099,618
2
Enter amount from Part I, line 27a .....................
2
13,586
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
3,113,204
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,113,204
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 200. APPLE COMPUTER INC   2012-10-11 2022-05-06
b 200. APPLE COMPUTER INC   2012-10-11 2022-11-02
c 100. AUTOMATIC DATA PROCESSING INC   2005-01-26 2022-11-02
d 100. DANAHER CORPORATION   2008-11-14 2022-11-02
e 60. EMBECTA CORP COMMON STOCK   2010-03-17 2022-11-02
4504.983 FEDERATED HERMES ULTRASHORT BD   2020-10-16 2022-05-06
28139.195 FEDERATED HERMES ULTRASHORT BD   2020-10-16 2022-08-24
200. FORTIVE CORP COM   2018-04-26 2022-01-04
400. FORTIVE CORP COM   2008-11-14 2022-01-04
100. GALLAGHER ARTHUR J & CO   2019-12-04 2022-11-02
600. ISHARES SHORT-TERM CORPORATE BOND ETF   2010-06-14 2022-12-06
800. MERCK & CO INC   2010-03-17 2022-01-04
10. METTLER TOLEDO INTERNATIONAL INC   2014-09-17 2022-11-02
50000. NETAPP INC DTD 12/12/2012 3.25% 12/15/20   2019-05-08 2022-09-15
25. O REILLY AUTOMOTIVE INC   2004-04-21 2022-01-04
45. O REILLY AUTOMOTIVE INC   2004-04-21 2022-11-02
300. STANLEY BLACK & DECKER INC   2018-09-21 2022-11-02
200. VANGUARD INTERMEDIATE-TERM BOND ETF (MKT   2009-06-24 2022-12-07
50000. WALGREEN CO SR NT DTD 09/13/2012 3.1% 09   2015-02-20 2022-07-19
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN 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 31,356   4,544 26,812
b 29,804   4,544 25,260
c 24,421   3,465 20,956
d 25,110   2,111 22,999
e 1,765   550 1,215
40,680   41,401 -721
252,971   258,599 -5,628
14,744   12,370 2,374
29,488   5,010 24,478
18,585   9,250 9,335
29,917   31,191 -1,274
61,444   28,710 32,734
12,772   2,673 10,099
50,000   50,000  
17,495   509 16,986
37,474   916 36,558
23,037   45,189 -22,152
15,243   15,299 -56
50,118   50,000 118
      557
      557
      557
      557
      557
      557
      557
      557
      557
      557
      557
      557
      557
      557
      557
      557
      557
      557
      557
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       26,812
b       25,260
c       20,956
d       22,999
e       1,215
      -721
      -5,628
      2,374
      24,478
      9,335
      -1,274
      32,734
      10,099
       
      16,986
      36,558
      -22,152
      -56
      118
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 200,650
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 3,893
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 3,893
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 3,893
6 Credits/Payments:
a 2022 estimated tax payments and 2021 overpayment credited to 2022 6a 3,576
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 6,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,576
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2221 is attached. 8 63
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 5,620
11 Enter the amount of line 10 to be: Credited to 2023 estimated taxright arrow5,620 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 arrowMA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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. ...............................
10
 
No
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 arrow  
14
The books are in care ofright arrowAMANDA JUSTICE Telephone no.right arrow (781) 320-1426

Located atright arrow55 ELM ST DEDHAM MADEDHAMMA ZIP+4right arrow02026
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)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
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)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
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
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
GERARD LAVOIE TRUSTEE
1 		0    
20 FAIRFIELD ST
REHOBOTH,MA02769
JUANITA ALLEN KINGSLEY TRUSTEE
1 		0    
165 HIGHLAND STREET
DEDHAM,MA02026
MARK C INGALLS TRUSTEE
1 		0    
10 ELLIOT CIRCLE
NORTH EASTON,MA02356
PETER G BROWN TRUSTEE
1 		0    
39 KENILWORTH RD
WELLESLEY,MA02482
LIZ BISSELL TRUSTEE
1 		0    
3 UPLAND WOODS CIRCLE 306
NORWOOD,MA02062
DEAN P PLAKIAS TRUSTEE
1 		0    
23 BOYDEN ROAD
MEDFIELD,MA02052
BEVERLY SOMERVILLE TRUSTEE
1 		0    
44 HILLIS ROAD
HYDE PARK,MA02136
DEAN STEEGER TRUSTEE
1 		0    
SIX COUNTRY WAY
MEDFIELD,MA02052
TOM FILBIN TRUSTEE
1 		0    
107 BIRCH TREE DRIVE
WESTWOOD,MA02090
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
NONE
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 arrow  
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
4,177,212
b
Average of monthly cash balances.......................
1b
278,483
c
Fair market value of all other assets (see instructions)................
1c
210,160
d
Total (add lines 1a, b, and c).........................
1d
4,665,855
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
4,665,855
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
69,988
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,595,867
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
229,793
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
229,793
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
3,893
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,893
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
225,900
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
225,900
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
225,900
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
267,700
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
267,700
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 7 225,900
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...... 101,552
b From 2018...... 60,351
c From 2019...... 246,586
d From 2020...... 153,441
e From 2021...... 188,737
f Total of lines 3a through e ........ 750,667
4Qualifying distributions for 2022 from Part
XI, line 4: right arrow$ 267,700
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..... 225,900
e Remaining amount distributed out of corpus 41,800
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 5 792,467
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) ... 		101,552
9 Excess distributions carryover to 2023.
Subtract lines 7 and 8 from line 6a ...... 		690,915
10 Analysis of line 9:
a Excess from 2018.... 60,351
b Excess from 2019.... 246,586
c Excess from 2020.... 153,441
d Excess from 2021.... 188,737
e Excess from 2022.... 41,800
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).)
NA
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.
NA
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:
GERARD R LAVOIE
55 ELM STREET
DEDHAM,MA02026
(781) 461-0163
bThe form in which applications should be submitted and information and materials they should include:
APPLICATIONS ARE AVAILABLE BY REQUEST
cAny submission deadlines:
10/31/2022 FOR DECEMBER 2022 GRANTS; 04/30/2023 FOR JUNE 2023 GRANTS
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
MUST BE 501(c)(3) ORGANIZATION
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

UP EDUCATION NETWORK

77 SUMMER STREET
BOSTON,MA02110 		NONE SECTION 501 (C) (3) FUND PROGRAMMING & 5,000

HOLBROOK ECUMENICAL FOOD
PANTRY
322 S FRANKLIN STREET
HOLBROOK,MA02343 		NONE SECTION 501 (C) (3) TO FUND FOOD DONATIONS 1,500

NEW LIFE FURNITURE BANK OF MA

102 ELM STREET
WALPOLE,MA02081 		NONE SECTION 501 (3) (C) TO FUND PURCHASE OF A TRUCK 2,500

ST JOHNS NURSERY SCHOOL

95 DEERFIELD AVENUE
WESTWOOD,MA02090 		NONE SECTION 501 (C) (3) 50TH ANNIVERSARY CAMPAIGN 5,000

DOVE INC

P O BOX 690267
QUINCY,MA02269 		NONE SECTION 501 (3) (C) FUND PURCHASE OF WASHER & 3,500

FRAMINGHAM FOOD PANTRY

214 CONCORD ST
FRAMINGHAM,MA01702 		NONE SECTION 501 (C) (3) TO FUND FOOD DONATIONS 1,500

SOUTH SHORE HABITAT FOR
HUMANITY
77 ACCORD PARK DR UNIT D-7
NORWELL,MA02061 		NONE SECTION 501 (3) (C) GIVING FAMILIES A HAND UP 10,000

WALPOLE HIGH SCHOOL

275 COMMON STREET
WALPOLE,MA02081 		NONE SECTION 501 (C) (3) WHS TRANSITION PROGRAM ROOM 2,500

EAST BOSTON COMMUNITY SOUP
KITCHEN
28 PARIS STREET
BOSTON,MA02128 		NONE SECTION 501 (3) (C) TO FUND FOOD DONATIONS 1,500

DEDHAM VILLAGE PRESERVATION
ASSOCIATION
612 HIGH STREET
DEDHAM,MA02026 		NONE SECTION 501 (C) (3) RESTORATION OF OLD VILLAGE 10,000

FOURTH PRESBYTERIAN CHURCH
FOOD PANTRY
340 DORCHESTER STREET
BOSTON,MA02127 		NONE SECTION 501 (C) (3) TO FUND FOOD DONATIONS 1,500

CRISTO REY BOSTON HIGH SCHOOL

100 SAVIN HILL AVENUE
DORCHESTER,MA02125 		NONE SECTION 501 (3) (C) IT INFRASTRUCTURE SUPPORT 9,000

THE COMPLETE PUZZLE

THE CRADOC REC CENTER ALLEN RD
PORTSMOUTH,MA23702 		NONE SECTION 501 (C) (3) ENRICHMENT CLASSES FOR 2,000

JEFF'S PLACE CHILDREN'S
BEREAVEMENT CTR
281 PLEASANT ST
FRAMINGHAM,MA01701 		NONE SECTION 501 (C) (3) CAPITAL REQUEST PROJECTS 11,200

SACRED HEART CHURCH FOOD
PANTRY
45 BROOKS ST
BOSTON,MA02128 		NONE SECTION 501 (C) (3) TO FUND FOOD DONATIONS 1,500

HOUSE OF POSSIBILITIES (HOPE)

350 WASHINGTON STREET
NORTH EASTON,MA02356 		NONE SECTION 501 (C) (3) OUTDOOR LEARNING CENTER 10,000

BIG HILLS ADULT EDUCATION

322 SPRAGUE STREET
DEDHAM,MA02026 		NONE SECTION 501 (C) (3) FUND EQUITY & ACCESS FOR 10,000

MOTHER BROOKS ARTS & COMMUNITY
CENTER
P O BOX 1003
DEDHAM,MA02027 		NONE SECTION 501 (C) (3) FUND WILLIAM B GOULD 25,000

WESTWOOD INTEGRATED
PRESCHOOL PTO
200 NAHANTAN STREET
WESTWOOD,MA02090 		NONE SECTION 501 (C) (3) PLAYGROUND EQUIPMENT GRANT 5,000

SELF-HELP INC

45 PEARL ST
BROCKTON,MA02301 		NONE SECTION 501 (3) (C) FUEL ASSISTANCE FOR 15,000

HALE EDUCATION

80 CARBY STREET
WESTWOOD,MA02090 		NONE SECTION 501 (C) (3) THE CAMPAIGN FOR KIDS 100,000

HYDE PARK FOOD PANTRY

1179 RIVER STREET
HYDE PARK,MA02136 		NONE SECTION 501 (C) (3) TO FUND FOOD DONATIONS 1,500

USCC HYDE PARK FOOD PANTRY

1179 RIVER STREET
HYDE PARK,MA02136 		NONE SECTION 501 (C) (3) TO FUND FOOD DONATIONS 1,500

ASHLAND FOOD PANTRY

162 W UNION STREET
ASHLAND,MA01721 		NONE SECTION 501 (C) (3) TO FUND FOOD DONATIONS 1,500

DEDHAM EXCHANGE

445 WASHINGTON STREET
DEDHAM,MA02026 		NONE SECTION 501 (C) (3) PRESERVATION & CONSERVATION 10,000

SOUTHWEST BOSTON SENIOR
SERVICES
555 AMORY STREET
JAMAICA PLAIN,MA02130 		NONE SECTION 501 (C) (3) AFFORDABLE HOUSING 20,000
Total .................................right arrow 3a 267,700
bApproved for future payment
Total ................................. right arrow 3b  
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 1,667  
4 Dividends and interest from securities ....     14 69,184  
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 .....     18 59,177  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 198,840  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   328,868  
13Total. Add line 12, columns (b), (d), and (e)..................
13
328,868
(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

TY 2022 AccountingFeesSchedule
Name:
DEDHAM INSTITUTION FOR SAVINGS FOUNDATION
EIN:
04-3423462
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE 3,000 3,000    

TY 2022 InvestmentsCorpBondsSchedule
Name:
DEDHAM INSTITUTION FOR SAVINGS FOUNDATION
EIN:
04-3423462
Name of Bond End of Year Book Value End of Year Fair Market Value
WALGREEN CO SR NT DTD 9/13/12    
NETAPP INC DTD 12/12/2012 3.25    
GOLDMAN SACHS GR INC DTD 1/23/ 50,225 49,874
FEDERATED HERMS ULTRASHORT BD    
ORACLE CORP 2.5% 2025 52,528 47,122
TJX COS 2.25% 2026 52,351 45,791
AMERICAN EXPRESS CO 2/22/24 3. 49,860 49,130
BANK OF AMERICA 8/1/25 3.875% 50,166 48,716
FISERV INC DTD 7/1/24 2.75% 51,158 48,158
MCDONALDS CORP 1/30/26 3.7% 49,946 48,667
OMNICOM GROUP INC SR NT 11/1/2 49,799 48,994
PAYPAL HLDS INC 6/1/25 1.65% 49,411 46,378

TY 2022 InvestmentsCorpStockSchedule
Name:
DEDHAM INSTITUTION FOR SAVINGS FOUNDATION
EIN:
04-3423462
Name of Stock End of Year Book Value End of Year Fair Market Value
ALPHABET INC CL C 16,750 106,476
APPLE INC 18,175 103,944
ADP INC 17,535 119,430
BECTON DICKINSON 23,239 76,290
CARMAX INC 11,624 48,712
DANAHER CORP 9,992 106,168
ECOLAB INC 22,010 72,780
FIRST TR NORTH AMER ENERGY 70,471 80,070
FORTIVE CORP    
FISERV INC 63,726 90,963
IRON MTN INC COM 55,978 109,670
ISHARES IBOXX 35,594 36,900
JOHNSON & JOHNSON 51,979 123,655
MCDONALDS CORP 26,481 105,412
MERCK & CO    
METTLER TOLEDO 24,055 130,091
MICROSOFT CORP 16,903 143,892
O REILLY AUTOMOTIVE INC 3,662 151,925
PEPSICO INC 26,438 108,396
PROCTER & GAMBLE 31,518 121,248
QUALCOMM INC 29,762 87,952
ROPER TECH INC 57,457 108,022
STRYKER CORP 27,099 97,796
TORONTO DOMINION 73,670 103,616
VANGUARD INTERM    
CHUBB LTD COM 68,671 110,300
ISHARES S/T CORP BOND ETF    
STANLEY BLACK & DECKER INC    
BOOKING HLDGS INC 66,061 70,535
CHURCH & DWIGHT CO 84,154 96,732
CHEVRON CORP NEW 40,877 71,796
GALAGHER ARTHUR J & CO 61,344 131,978
JP MORGAN CHASE & CO 73,614 80,460
VISA INC COM CL A 102,580 124,656
WATSCO INC 60,176 87,290
RAYTHEON TECH CORP COM 11,425 60,552
BALL CORP 53,986 30,684
COSTCO WHOLESALE 40,530 52,498
ACCENTURE PLC A 41,871 40,026
ABBVIE INC 61,005 72,725
TJX COS INC NEW 61,701 63,680

TY 2022 InvestmentsGovtObligationsSch
Name:
DEDHAM INSTITUTION FOR SAVINGS FOUNDATION
EIN:
04-3423462
US Government Securities - End of Year Book Value:

49,652
US Government Securities - End of Year Fair Market Value:

49,309
State & Local Government Securities - End of Year Book Value:


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


 


TY 2022 OtherAssetsSchedule
Name:
DEDHAM INSTITUTION FOR SAVINGS FOUNDATION
EIN:
04-3423462
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PSC PE FUND VIII LP 482,190 453,478 169,878
PSC PE FUND VII LP 193,091 193,489 26,125


TY 2022 OtherExpensesSchedule
Name:
DEDHAM INSTITUTION FOR SAVINGS FOUNDATION
EIN:
04-3423462
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 951 0   0
2021 MA BALANCE DUE 198 198   0


TY 2022 OtherIncomeSchedule2
Name:
DEDHAM INSTITUTION FOR SAVINGS FOUNDATION
EIN:
04-3423462
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PARK STREET CAPITAL PE FD VIII, LP 47,288 47,288  
PARK STREET CAPITAL PE FD VII, LP 398 398  
FEDERAL TAX REFUNDS 11,491 0  


TY 2022 OtherProfessionalFeesSchedule
Name:
DEDHAM INSTITUTION FOR SAVINGS FOUNDATION
EIN:
04-3423462
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES 33,166 33,166    


TY 2022 TaxesSchedule
Name:
DEDHAM INSTITUTION FOR SAVINGS FOUNDATION
EIN:
04-3423462
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 656 656   0
FEDERAL TAX PAYMENT - PRIOR YE 8,535 0   0
FEDERAL ESTIMATED TAX 3,576 0   0