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
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
MWC FOUNDATION INC
#0726315
Number and street (or P.O. box number if mail is not delivered to street address)NUTTERMCCLENNEN FISH LLP POB 51
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02205
A Employer identification number

22-2914691
B Telephone number (see instructions)

(617) 439-2276
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$51,225,118J 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) 1,190,572
2 Check right arrow.............
3 Interest on savings and temporary cash investments 78,650 78,650  
4 Dividends and interest from securities... 939,578 939,578  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,802,194
b Gross sales price for all assets on line 6a 7,271,781
7 Capital gain net income (from Part IV, line 2)... 3,089,669
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 5,010,994 4,107,897  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
292,948 0   292,948
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
203,980 81,592   122,388
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
48,764 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
145,317 0   138,329
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 691,009 81,592   553,665
25 Contributions, gifts, grants paid....... 6,431,092 6,431,092
26 Total expenses and disbursements. Add lines 24 and 25 7,122,101 81,592   6,984,757
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,111,107
b Net investment income (if negative, enter -0-) 4,026,305
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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............. 36,000 915 915
2 Savings and temporary cash investments......... 1,658,712 87,903 87,903
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..........      
10a Investments—U.S. and state government obligations (attach schedule) 897,799 Click to see attachment
List of Attached Documents:
// Content
1,456,009 		1,423,942
b Investments—corporate stock (attach schedule)....... 13,744,174 Click to see attachment
List of Attached Documents:
// Content
11,233,170 		42,892,047
c Investments—corporate bonds (attach schedule)....... 3,387,049 Click to see attachment
List of Attached Documents:
// Content
3,385,090 		3,320,311
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).......... 2,091,838 Click to see attachment
List of Attached Documents:
// Content
3,541,378 		3,500,000
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 21,815,572 19,704,465 51,225,118
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 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........ 18,059,741 18,059,741
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 3,755,831 1,644,724
29 Total net assets or fund balances (see instructions)..... 21,815,572 19,704,465
30 Total liabilities and net assets/fund balances (see instructions). 21,815,572 19,704,465
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
21,815,572
2
Enter amount from Part I, line 27a .....................
2
-2,111,107
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
19,704,465
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
19,704,465
Form 990-PF (2023)
Form 990-PF (2023)
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 1000 CISCO SYSTEMS INC P 2011-05-27 2023-12-12
b 3000 CISCO SYSTEMS INC P 2012-06-26 2023-12-12
c 3000 CISCO SYSTEMS INC P 2003-07-17 2023-12-12
d 1500 ISHARES RUSSELL 2000 ETF P 2008-08-26 2023-12-12
e 1500 ISHARES RUSSELL 2000 ETF P 2011-11-11 2023-12-12
1000 ISHARES RUSSELL 2000 ETF P 2013-06-25 2023-12-12
2000 3M CO P 2009-06-16 2023-11-06
2000 3M CO P 2006-05-10 2023-11-06
200 3M CO P 2011-05-27 2023-11-06
500 3M CO P 2011-05-27 2023-11-06
8000 PFIZER INC P 2010-03-24 2023-11-06
10000 PFIZER INC P 2011-09-28 2023-11-06
2000 PFIZER INC P 2011-09-09 2023-11-06
300 HOME DEPOT INC P 2009-07-01 2023-01-10
200 APPLE INC P 2013-03-19 2023-01-10
800 APPLE INC P 2013-03-19 2023-01-10
1000 ALPHABET INC - CL C P 2009-06-16 2023-01-10
500 ABBOTT LABORATORIES P 2005-03-14 2023-01-10
700 ABBOTT LABORATORIES P 2005-02-22 2023-01-10
1000 PFIZER INC P 2012-05-01 2023-01-10
1000 PFIZER INC P 2012-05-01 2023-01-10
1000 EMERSON ELECTRIC CO P 2008-11-03 2023-01-10
300 DANAHER CORP P 2006-06-29 2023-01-10
500 MICROSOFT CORP P 2001-02-20 2023-01-10
1000 ISHARES RUSSELL 2000 ETF P 2015-08-11 2023-01-10
1000 ISHARES S&P MIDCAP 400 INDEX FUND P 2015-08-11 2023-01-10
600 PEPSICO INC P 2004-03-24 2023-01-10
600 JOHNSON & JOHNSON P 2008-10-20 2023-01-10
1200 MONDELEZ INTERNATIONAL INC P 2008-10-20 2023-01-10
1000 APPLE INC P 2011-11-11 2023-03-15
500 APPLE INC P 2013-03-19 2023-03-15
1000 ALPHABET INC - CL C P 2009-06-16 2023-03-15
500 DANAHER CORP P 2006-06-29 2023-03-17
400 MICROSOFT CORP P 2001-02-20 2023-03-15
400 MICROSOFT CORP P 2001-02-20 2023-03-15
3000 INTEL CORP P 2002-09-11 2023-03-15
2000 INTEL CORP P 2002-09-11 2023-03-15
5000 INTEL CORP P 2006-03-29 2023-03-15
500 INTEL CORP P 2001-02-20 2023-03-15
4500 INTEL CORP P 2001-02-20 2023-03-15
3000 INTEL CORP P 2004-08-06 2023-03-15
4000 INTEL CORP P 2004-08-05 2023-03-15
3000 INTEL CORP P 2003-07-17 2023-03-15
1000 META PLATFORMS INC P 2016-02-04 2023-03-15
500 US BANCORP P 2020-07-22 2023-04-21
1500 US BANCORP P 2020-07-22 2023-04-21
12000 US BANCORP P 2020-07-22 2023-04-21
250000 US TREAS NOTES 2.5% 8/15/23 P 2014-06-10 2023-08-15
250000 US TREAS NOTES 2.5% 8/15/23 P 2014-06-12 2023-08-15
250000 US TREAS NOTES 2.75% 5/31/23 P 2018-06-12 2023-05-31
0.3331 VERALTO CORP P 2006-06-29 2023-10-13
3000 JOHNSON & JOHNSON P 2008-10-20 2023-11-10
10000 VERIZON COMMUNICATIONS P 2023-03-15 2023-08-02
(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 49,280   16,450 32,830
b 147,839   50,700 97,139
c 147,839   53,210 94,629
d 280,672   107,925 172,747
e 280,672   111,405 169,267
187,115   95,820 91,295
187,139   117,096 70,043
187,139   175,108 12,031
18,714   18,717 -3
46,785   46,793 -8
248,958   133,850 115,108
311,198   168,261 142,937
62,240   34,707 27,533
95,726   7,103 88,623
26,024   3,236 22,788
104,095   12,945 91,150
88,900   10,396 78,504
56,834   11,045 45,789
79,567   15,491 64,076
47,374   21,569 25,805
47,374   21,569 25,805
97,518   31,966 65,552
80,020   7,241 72,779
114,094   15,751 98,343
180,121   120,442 59,679
249,769   149,530 100,239
106,842   30,604 76,238
104,903   38,068 66,835
80,576   22,864 57,712
152,664   14,910 137,754
76,332   8,091 68,241
96,800   10,396 86,404
120,308   12,068 108,240
106,181   12,601 93,580
106,181   12,601 93,580
85,100   50,747 34,353
56,733   33,831 22,902
141,833   98,650 43,183
14,183   11,382 2,801
127,650   102,434 25,216
85,100   69,360 15,740
113,466   95,240 18,226
85,100   74,719 10,381
195,946   109,550 86,396
16,766   18,113 -1,347
50,297   54,338 -4,041
402,375   434,700 -32,325
250,000   248,984 1,016
250,000   249,297 703
250,000   249,375 625
24   3 21
440,649   190,340 250,309
332,766   370,520 -37,754
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       32,830
b       97,139
c       94,629
d       172,747
e       169,267
      91,295
      70,043
      12,031
      -3
      -8
      115,108
      142,937
      27,533
      88,623
      22,788
      91,150
      78,504
      45,789
      64,076
      25,805
      25,805
      65,552
      72,779
      98,343
      59,679
      100,239
      76,238
      66,835
      57,712
      137,754
      68,241
      86,404
      108,240
      93,580
      93,580
      34,353
      22,902
      43,183
      2,801
      25,216
      15,740
      18,226
      10,381
      86,396
      -1,347
      -4,041
      -32,325
      1,016
      703
      625
      21
      250,309
      -37,754
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 3,089,669
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  
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 55,966
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 55,966
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 55,966
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 41,600
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 30,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 71,600
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 498
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 15,136
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow15,136 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
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 2023 or the taxable year beginning in 2023? 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
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 arrowN/A
14
The books are in care ofright arrowNUTTER MCCLENNEN & FISH LLP Telephone no.right arrow (617) 439-2509

Located atright arrowSEAPORT WEST 155 SEAPORT BOULEVARDBOSTONMA ZIP+4right arrow022102604
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 2023, 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
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
THOMAS P JALKUT PRESIDENT/DIRECTOR
0.00 		0 0 0
C/O NUTTER MCCLENNEN FISH LLP
P O BOX BOSTON,MA02205
MELISSA S MCMORROW TREASURER/DIRECTOR
0.00 		0 0 0
C/O NUTTER MCCLENNEN FISH LLP
P O BOX BOSTON,MA02205
ERIN WHITNEY CICCHETTI CLERK
0.00 		0 0 0
C/O NUTTER MCCLENNEN FISH LLP
P O BOX BOSTON,MA02205
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 (2023)
Form 990-PF (2023)
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
NUTTERMCCLENNEN & FISH LLP MANAGEMENT, LEGAL AND TAX PREPARATION FEES 496,228
155 SEAPORT BOULEVARD
BOSTON,MA02210
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 A LOAN TO A NONPROFIT CORPORATION DESCRIBED IN SECTION 501(C)(3) OF CODE AND RECOGNIZED AS A PUBLIC CHARITY UNDER SECTION 509(A)(1) OF THE CODE, TO BE USED SOLELY TO ACCOMPLISH A CHARITABLE PURPOSE OF THE FOUNDATION, NAMELY, TO REDUCE CONFLICTS WITH WILDLIFE AND ENHANCE WILDLIFE HABITAT QUALITY, AND NO SUBSTANTIAL PURPOSE OF WHICH IS TO PRODUCE INVESTMENT INCOME OR A CAPITAL GAIN FROM THE SALE OF THE INVESTMENT, AND AS SUCH, QUALIFIES AS A"PROGRAM-RELATED INVESTMENT" UNDER SECTION 4944(C) OF THE CODE AND A "QUALIFYING DISTRIBUTION" UNDER SECTION 4942(G) OF THE CODE. 0
2 A LOAN TO A NONPROFIT CORPORATION DESCRIBED IN SECTION 501(C)(3) OF CODE AND RECOGNIZED AS A PUBLIC CHARITY UNDER SECTION 509(A)(1) OF THE CODE, TO BE USED SOLELY TO ACCOMPLISH A CHARITABLE PURPOSE OF THE FOUNDATION, NAMELY, TO RESTORE BISON TO THE ROSEBUD INDIAN RESERVATION, AND NO SUBSTANTIAL PURPOSE OF WHICH IS TO PRODUCE INVESTMENT INCOME OR A CAPITAL GAIN FROM THE SALE OF THE INVESTMENT, AND AS SUCH, QUALIFIES AS A"PROGRAM-RELATED INVESTMENT" UNDER SECTION 4944(C) OF THE CODE AND A "QUALIFYING DISTRIBUTION" UNDER SECTION 4942(G) OF THE CODE. 0
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
50,152,564
b
Average of monthly cash balances.......................
1b
1,537,998
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
51,690,562
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
51,690,562
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
775,358
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
50,915,204
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,545,760
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
2,545,760
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
55,966
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
55,966
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,489,794
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,489,794
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
2,489,794
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
6,984,757
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
6,984,757
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,489,794
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 5,323,669
b From 2019...... 6,536,575
c From 2020...... 5,865,566
d From 2021...... 5,494,514
e From 2022...... 3,942,489
f Total of lines 3a through e ........ 27,162,813
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 6,984,757
a Applied to 2022, 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 2023 distributable amount..... 2,489,794
e Remaining amount distributed out of corpus 4,494,963
5 Excess distributions carryover applied to 2023. 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 31,657,776
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		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 2018 not
applied on line 5 or line 7 (see instructions) ... 		5,323,669
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		26,334,107
10 Analysis of line 9:
a Excess from 2019.... 6,536,575
b Excess from 2020.... 5,865,566
c Excess from 2021.... 5,494,514
d Excess from 2022.... 3,942,489
e Excess from 2023.... 4,494,963
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, 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) 2023 (b) 2022 (c) 2021 (d) 2020
         
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:
THOMAS P JALKUT MWC FOUNDATION
POST OFFICE BOX 51400
BOSTON,MA02205
(617) 439-2000
TJALKUT@NUTTER.COM
bThe form in which applications should be submitted and information and materials they should include:
LETTER DESCRIBING ORGANIZATION AND CHARITABLE PURPOSE
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2023)
Form 990-PF (2023)
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

826 BOSTON

3035 WASHINGTON ST
ROXBURY,MA02119 		NONE PUBLIC CHARITY WRITERS ROOM EXPANSION PLAN, CAMPAIGN FOR GROWTH 75,000

ACLU FOUNDATION OF MASSACHUSETTS

211 CONGRESS STREET
BOSTON,MA02110 		NONE PUBLIC CHARITY GENERAL FUND PROTECT CIVIL RIGHTS AND INDIVIDUAL LIBERTIES IN MA 100,000

AGASSIZ VILLAGE

238 BEDFORD ST 8
LEXINGTON,MA02420 		NONE PUBLIC CHARITY TEEN PROGRAMS 65,000

AMERICAN RIVERS INC

1101 14TH ST NW 1400
WASHINGTON,DC20005 		NONE PUBLIC CHARITY DIVERSITY, EQUITY & INCLUSION EFFORTS 122,750

AMNESTY INTERNATIONAL USA

5 PENN PLAZA 16TH FLOOR
NEW YORK,NY10001 		NONE PUBLIC CHARITY REFUGEE RIGHTS CAMPAIGN 50,000

ASTRAEA LESBIAN FOUNDATION FOR JUSTICE

116 E 16TH STREET 7
NEW YORK,NY10003 		NONE PUBLIC CHARITY GENERAL FUND 60,000

BETH ISRAEL LAHEY HEALTH INC

330 BROOKLINE AVENUE
BOSTON,MA02215 		NONE PUBLIC CHARITY CENTER FOR NUTRITION MEDICINE IN DEPARTMENT OF SURGERY 150,000

BLACKFOOT CHALLENGE INC

405 MAIN STREET
OVANDO,MT59854 		NONE PUBLIC CHARITY FOR GRIZZLY BEAR PROTECTION AND BEAVER RESTORATION 35,000

BOSTON CHINATOWN NEIGHBORHOOD CENTER INC

885 WASHINGTON STREET
BOSTON,MA02111 		NONE PUBLIC CHARITY WORKFORCE INITIATIVES, FAMILY SERVICES & PAO ARTS CENTER 35,000

BOSTON MEDICAL CENTER

1 BOSTON MEDICAL CENTER PLACE
BOSTON,MA02118 		NONE PUBLIC CHARITY MOBIL TEAM INITIATIVE 100,000

BOSTON PUBLIC LIBRARY

700 BOYLSTON STREET
BOSTON,MA02116 		NONE PUBLIC CHARITY FOR TEEN CENTRAL PROGRAM AND HOMEWORK ASSISTANCE PROGRAM 50,000

BUILD BOSTON

6 BEACON STREET SUITE 415
BOSTON,MA02108 		NONE PUBLIC CHARITY FOR YOUTH ENTREPRENUERSHIP PROGRAM 40,000

CENTER FOR INDEPENDENT DOCUMENTARY

1300 SOLDIERS FIELD ROAD SUITE 4
BOSTON,MA02135 		NONE PUBLIC CHARITY WILDLIFE - MARY OLIVER AND MARGARET MEAD FILMS 36,842

CLARK FORK COALITION

140 S 4TH ST W 1
MISSOULA,MT59801 		NONE PUBLIC CHARITY TO SUPPORT STREAM RESTORATION 35,000

COMMON GROUND PROJECT

4011 CHAPMAN COURT
DOVER,PA17315 		NONE PUBLIC CHARITY SUPPORT OF LIFE IN THE LAND FILMS 15,000

CONSERVATION LAW FOUNDATION

62 SUMMER ST
BOSTON,MA02110 		NONE PUBLIC CHARITY NORTH ATLANTIC RIGHT WHALE CAMPAIGN 75,000

CONSERVATION NORTHWEST

1829 10TH AVE W SUITE B
SEATTLE,WA98119 		NONE PUBLIC CHARITY NEW HERITAGE AND SAFE PASSAGE 1-5 PROGRAMS 25,000

CRADLES TO CRAYONS

281 NEWTONVILLE AVE
NEWTONVILLE,MA02460 		NONE PUBLIC CHARITY EVERYDAY ESSENTIALS PROGRAM 40,000

CRISTO REY BOSTON HIGH SCHOOL

100 SAVIN HILL AVE
DORCHESTER,MA02125 		NONE PUBLIC CHARITY GENERAL FUND 5,000

DAMASCUS CITIZENS FOR SUSTAINABILITY

POST OFFICE BOX 147
MILANVILLE,PA18443 		NONE PUBLIC CHARITY SUPPORT ANTI-DRILLING & ANTI-FRACKING WORK 25,000

DEFENDERS OF WILDLIFE

1130 17TH STREET NW
WASHINGTON,DC20036 		NONE PUBLIC CHARITY WILDLIFE CONSERVATION IN THE ROCKIES AND PLAINS/SOUTHERN ROCKIES WOLF STRATEGIC PLAN 150,000

DEMOCRACY NOW PRODUCTIONS INC

207 W 25TH STREET FLOOR 11
NEW YORK,NY10001 		NONE PUBLIC CHARITY GENERAL FUND 100,000

EARTH JUSTICE

50 CALIFORNIA STREET SUITE 500
SAN FRANCISCO,CA94111 		NONE PUBLIC CHARITY GENERAL SUPPORT 250,000

ENVIRONMENTAL DEFENSE FUND

18 TREMONT ST
BOSTON,MA02108 		NONE PUBLIC CHARITY HABITAT EXCHANGE PROGRAM/WORK WITH NAVAJO NATION ON METHANE RULES 75,000

FAMILY AID BOSTON

3815 WASHINGTON STREET
BOSTON,MA02130 		NONE PUBLIC CHARITY FOR GENERAL PURPOSES 55,000

FARM SANCTUARY INC

3100 AIKENS ROAD
WATKINS GLEN,NY14891 		NONE PUBLIC CHARITY GENERAL FUND 15,000

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

POST OFFICE BOX 770001
CINCINNATI,OH45277 		NONE PUBLIC CHARITY GENERAL FUND 1,100,000

GLACIER TWO MEDICINE ALLIANCE

PO BOX 181
EAST GLACIER PARK,MT59434 		NONE PUBLIC CHARITY TO FUND COMMUNITY ENGAGEMENT COORDINATOR POSITION 25,000

GRAND CANYON TRUST

2601 N FORT VALLEY ROAD
FLAGSTAFF,AZ86001 		NONE PUBLIC CHARITY GSENM WORK 35,000

GREATER BOSTON FOOD BANK

70 S BAY AVE
BOSTON,MA02118 		NONE PUBLIC CHARITY FOR HUNGER FREE BY 2028 CAMPAIGN 75,000

GREATER BOSTON LEGAL SERVICES INC

197 FRIEND STREET
BOSTON,MA02114 		NONE PUBLIC CHARITY CHILDREN AND FAMILIES STABILIZATION PROJECT AND OTHER PROJECTS 100,000

GREATER YELLOWSTONE COALITION

215 SOUTH WALLACE AVENUE
BOZEMAN,MT59715 		NONE PUBLIC CHARITY GENERAL PURPOSES 67,000

HARLEM LACROSSE AND LEADERSHIP

POST OFFICE BOX 708
NEW YORK,NY10030 		NONE PUBLIC CHARITY TO SUPPORT PROGRAMMING 100,000

HEART OF THE ROCKIES

1000 RUSH DRIVE
SALIDA,CO81201 		NONE PUBLIC CHARITY TYEO - 04/26/22 01:30PM WORKSHEET PRIVATE FOUNDATION 20,000

HEBREW SENIOR LIFE

1200 CENTRE STREET
ROSLINDALE,MA02131 		NONE PUBLIC CHARITY GENERAL SUPPORT 100,000

HIGH COUNTRY NEWS

119 GRAND AVENUE
PAONIA,CO81428 		NONE PUBLIC CHARITY AFFAIRS PROGRAM 20,000

IDAHO CONSERVATION LEAGUE

710 N 6TH STREET
BOISE,ID83702 		NONE PUBLIC CHARITY FOR ANTI-MINING PROGRAM AND SNAKE RIVER CAMPAIGN 40,000

INWATER RESEARCH GROUP

4160 NE HYLINE DRIVE
JENSEN BEACH,FL34957 		NONE PUBLIC CHARITY EDUCATION OUTREACH 50,000

JAMESTOWN REDISCOVERY FOUNDATION

1368 COLONIAL PKWY
JAMESTOWN,VA23081 		NONE PUBLIC CHARITY ARCHAEOLOGICAL PROGRAM AT JAMESTOWN 25,000

LAMBDA LEGAL DEFENSE AND EDUCATION FUND

120 WALL STREET 19TH FOOR
NEW YORK,NY10005 		NONE PUBLIC CHARITY GENERAL FUND 125,000

LAWYERS COMMITTEE FOR CIVIL RIGHTS AND ECONOMIC JUSTICE

294 WASHINGTON STREET SUITE 443
BOSTON,MA02108 		NONE PUBLIC CHARITY GENERAL FUND 35,000

LEGACY PHILANTHROPY WORKS

521 SANTA BARBARA STREET
SANTA BARBARA,CA93101 		NONE PUBLIC CHARITY SUPPORT OF EAST YELLOWSTONE COLLABORATIVE 25,000

MARINE BIOLOGICAL LABORATORY

7 MBL STREET
WOODS HOLE,MA02543 		NONE PUBLIC CHARITY ECOSYSTEMS CENTER SCIENCE SUPPORT FUND 10,000

MASSACHUSETTS APPLESEED CENTER FOR LAW AND JUSTICE

44 SCHOOL STREET SUITE 415
BOSTON,MA02108 		NONE PUBLIC CHARITY CONTRIBUTIONS FOR DCF WORK 95,000

MASSACHUSETTS AUDOBON - WELLFLEET BAY

291 STATE HIGHWAY ROUTE 6
SOUTH WELLFLEET,MA02663 		NONE PUBLIC CHARITY SEA TURTLE RESCUE & RECOVERY PROGRAM/PERMIT CENTER FOR FOSSIL FREE/GOOSE POND DAM & TRAIL RESTORATION PROJECT 35,000

MASSACHUSETTS BREAST CANCER COALITION INC

POST OFFICE BOX 202
FRANLIN,MA02038 		NONE PUBLIC CHARITY GENERAL FUND 30,000

MASSACHUSETTS GENERAL HOSPITAL

55 FRUIT STREET
BOSTON,MA02114 		NONE PUBLIC CHARITY SUPPORT FURTHER RESEARCH BY DR. ANDREW J. COLE 50,000

MASSACHUSETTS SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS - ANGELL

350 SOUTH HUNTINGTON AVENUE
BOSTON,MA02130 		NONE PUBLIC CHARITY GENERAL FUND 25,000

MELROSE WAKEFIELD HOSPITAL

585 LEBANON STREET
MELROSE,MA02176 		NONE PUBLIC CHARITY NURSE RESIDENCY TRAINING PROGRAM 100,000

MONTANA ENVIORNMENTAL INFORMATION CENTER

107 W LAWRENCE STREET
HELENA,MT59601 		NONE PUBLIC CHARITY SUPPORT OF WATER QUALITY EFFORTS 25,000

NATIONAL CENTER FOR LESBIAN RIGHTS

870 MARKET STREET SUITE 370
SAN FRANCISCO,CA94102 		NONE PUBLIC CHARITY GENERAL PURPOSES/ANTIDISCRIMINATION LITIGATION 75,000

NATIONAL MARINE LIFE CENTER

1280 MAIN STREET
BOURNE,MA02359 		NONE PUBLIC CHARITY FOR GENERAL PURPOSES 50,000

NATIONAL PARKS CONSERVATION ASSOCIATION

777 6TH STREET NW
WASHINGTON,DC20001 		NONE PUBLIC CHARITY YELLOWSTONE FLOOD RELIEF AND RECOVERY 60,000

NATIONAL WILDLIFE FEDERATION

11100 WILDLIFE CENTER DRIVE
RESTON,VA20190 		NONE PUBLIC CHARITY FOR BISON MANAGEMENT ON WIND RIVER RESERVATION 125,000

NATURAL RESOURCES DEFENSE COUNCIL INC

40 WEST 20TH STREET
NEW YORK,NY10011 		NONE PUBLIC CHARITY MONTANA OFFICE/WILDLIFE ADVOCATE POSITION 50,000

NEW ENGLAND AQUARIUM

1 CENTRAL WHARF
BOSTON,MA02110 		NONE PUBLIC CHARITY SEA TURTLE RECOVERY PROGRAMS AT QUINCY FAILITY/EDUCATION PROGRAMS 160,000

NEW ENGLAND CENTER FOR ARTS AND TECHNOLOGY

23 BRADSTON STREET
BOSTON,MA02118 		NONE PUBLIC CHARITY BOSTON TRAINING REINFORCEMENT PROGRAM 100,000

NEW VENTURE FUND

30 WASHINGTON STREET 3
WELLESLEY,MA02481 		NONE PUBLIC CHARITY SALMON STATE BLM WILDLANDS CAMPAIGN 25,000

NORTHEAST ANIMAL SHELTER

347 HIGHLAND AVENUE
SALEM,MA01970 		NONE PUBLIC CHARITY GENERAL FUND 35,000

NORTHEAST WILDERNESS TRUST

17 STATE STREET 302
MONTPELIER,VT05602 		NONE PUBLIC CHARITY LAND ACQUISITION & FOREVER WILD EASEMENTS 125,000

NORTHERN PLAINS RESOURCE COUNCIL

220 S 27TH STREET STE A
BILLINGS,MT59101 		NONE PUBLIC CHARITY GENERAL PURPOSES 25,000

OCEAN CONSERVANCY INC

1300 19TH STREET NW 8TH FLOOR
WASHINGTON,DC20036 		NONE PUBLIC CHARITY 25,000 GENERAL FUND & 50,000 ARTIC CONSERVATION WORK 75,000

PERKINS SCHOOL FOR THE BLIND

175 NORTH BEACON STREET
WATERTOWN,MA02472 		NONE PUBLIC CHARITY CAREER LAUNCH PROGRAM 50,000

PINE STREET INN INC

444 HARRISON AVE
BOSTON,MA02118 		NONE PUBLIC CHARITY 50TH ANNIVERSARY CAMPAIGN 125,000

PLAYWORKS NEW ENGLAND

1452 DORCHESTER AVE 4TH FLOOR
BOSTON,MA02122 		NONE PUBLIC CHARITY SUPPORT THE COST OF THE JUNIOR COACH LEADERSHIP PROGRAM FOR THE CHITTICK,TROTTER & ELLIS ELEMENTARY SCHOOLS 37,500

PROJECT CITIZENSHIP

11 BEACON STREET
BOSTON,MA02108 		NONE PUBLIC CHARITY IN SUPPORT OF VIRTUAL PROGRAMMING MODEL 25,000

ROCKY MOUNTAIN FRONT RANCHLAND GROUPS

904 ROBARE LANE
VALIER,MT59486 		NONE PUBLIC CHARITY GENERAL PURPOSES 7,000

ROGERSON COMMUNITIES

1 FLORENCE STREET
ROSLINDALE,MA02131 		NONE PUBLIC CHARITY ADULT DAYCARE PROGRAMS 100,000

ROSIE'S PLACE INC

889 HARRISON AVENUE
BOSTON,MA02118 		NONE PUBLIC CHARITY GENERAL PURPOSES 50,000

SIERRA CLUB FOUNDATION

2101 WEBSTER STREET
OAKLAND,CA94612 		NONE PUBLIC CHARITY CLEAN ENERGY FOR ALL CAMPAIGN 75,000

SITKA CONSERVATION SOCIETY

201 LINCOLN STREET ROOM 4
SITKA,AK99835 		NONE PUBLIC CHARITY WORK IN PROTECTING THE TONGASS NATIONAL FOREST 25,000

SOCIAL AND ENVIORNMENTAL ENTREPRENEURS

23564 CALABASAS ROAD
CALABASAS,CA91302 		NONE PUBLIC CHARITY MOUNTAINS FOR WILDLIFE PASSAGE 20,000

SOCIAL INNOVATION FORUM

2 OLIVER STREET
BOSTON,MA02109 		NONE PUBLIC CHARITY TRACK SPONSORSHIP FOR PATHWAYS TO HEALING 50,000

ST FRANCIS HOUSE

39 BOYLSTON STREET
BOSTON,MA02116 		NONE PUBLIC CHARITY CAROLYN CONNORS WOMEN'S CENTER 50,000

THE COMMON GROUND PROJECT

527 TOM MINER CREEK ROAD
EMIGRANT,MT59027 		NONE PUBLIC CHARITY TO ENABLE YELLOWSTONE SAFE PASSAGES FOR PART TIME LEAD FIELD TECHNICIAN 15,000

THE INTERNATIONAL WILDERNESS LEADERSHIP FOUNDATION INC

717 POPLAR AVE
BOULDER,CO80304 		NONE PUBLIC CHARITY SUPPORT OF BUFFALO KEEPER OR GUARDIAN FOR INDIGENOUS LED 25,000

TSNE

89 SOUTH STREET
BOSTON,MA02110 		NONE PUBLIC CHARITY SUPPORT FOR FUTURE CHEFS 25,000

TURTLE ISLAND RESTORATION NETWORK

9255 SIR FRANCIS DRAKE BLVD
OLEMA,CA94950 		NONE PUBLIC CHARITY PROTECT ENDANGERED SEA TURTLES AND HABITATS 60,000

UNITED WAY OF MASSACHUSETTS BAY

51 SLEEPER STREET
BOSTON,MA02210 		NONE PUBLIC CHARITY ASSISTANCE TO SENIORS 50,000

UNIVERSITY OF IDAHO FOUNDATION

1210 BLAKE AVE
MOSCOW,ID83843 		NONE PUBLIC CHARITY FOR GRAY WOLF RESEARCH PROJECT 30,000

VITAL GROUND

30 FORT MISSOULA ROAD
MISSOULA,MT59804 		NONE PUBLIC CHARITY RESTORING GRIZZLY BEAR HABITAT ON THE YAAK VALLEY 25,000

WESTERN LANDOWNERS ALLIANCE

PO BOX 6278
SANTA FE,NM87502 		NONE PUBLIC CHARITY FOR WORKING WILD CHALLENGE PROGRAM 30,000

WGBH EDUCATIONAL FOUNDATION

ONE GUEST STREET
BOSTON,MA02135 		NONE PUBLIC CHARITY FRONTLINE PROGRAM 50,000

WILDERNESS SOCIETY

1615 M STREET NW
WASHINGTON,DC20036 		NONE PUBLIC CHARITY IDAHO HIGH DIVIDE CAMPAIGN/LEGAL EFFORTS IN THE ARTIC/LEGAL EFFORTS TO PROTECT THE WILDERNESS 150,000

WIND RIVER TRIBAL BISON INITIATIVE

10929 HWY 26
KINNEAR,WY82516 		NONE PUBLIC CHARITY GENERAL PURPOSES 25,000

WOMEN'S BAR FOUNDATION OF MASSACHUSETTS INC

27 SCHOOL STREET 500
BOSTON,MA02108 		NONE PUBLIC CHARITY ELDER LAW PROJECT/FAMILY LAW PROJECT/TECHNOLOGY SUPPORT 40,000

WONDERMORE INC

1647 BEACON STREET SUITE 5
WABAN,MA02468 		NONE PUBLIC CHARITY GENERAL FUND 30,000

WORLD WILDLIFE FUND

1250 24TH STREET NW
WASHINGTON,DC20037 		NONE PUBLIC CHARITY RESTORATION EFFORTS IN NORTHERN GREAT PLAINS/MUSTANG MEADOWS LEASE PAYMENT FOR REDCO ROSEBUD RESERVATION 100,000

WYOMING OUTDOOR COUNCIL

262 LINCOLN STREET
LANDER,WY82520 		NONE PUBLIC CHARITY COMMUNITY OUTREACH 35,000

YELLOWSTONE TO YUKON CONSERVATION INITIATIVE

PO BOX 157
BOZEMAN,MT59771 		NONE PUBLIC CHARITY FOR CONFERENCE ON BUFFALO RESTORATION THROUGH TRIBAL LEADERSHIP 25,000

YMCA OF GREATER BOSTON

316 HUNTINGTON AVENUE
BOSTON,MA02115 		NONE PUBLIC CHARITY SUPPORT SALARY OF EXECUTIVE DIRECTOR OF TEEN PROGRAMS/SERVICES OF WEIKART CENTER FOR YOUTH PROGRAM QUALITY 100,000
Total .................................right arrow 3a 6,431,092
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 78,650  
4 Dividends and interest from securities ....     14 939,578  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,802,194  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 3,820,422 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,820,422
(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 (2023)
Form 990-PF (2023)
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 (2023)
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
2023
Name of the organization
MWC FOUNDATION INC
#0726315
Employer identification number

22-2914691
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) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
MWC FOUNDATION INC
#0726315 		Employer identification number
22-2914691
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
COMMON STREAM INC
 
C/O NUTTER MCCLENNEN FISH LLP PO BO
 
BOSTON, MA02205

$ 1,167,289


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
COMMON STREAM INC
 
C/O NUTTER MCCLENNEN FISH LLP PO BO
 
BOSTON, MA02205

$ 23,283


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
MWC FOUNDATION INC
#0726315 		Employer identification number

22-2914691
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
 PUBLICLY TRADED SECURITIES $ 1,167,289 2023-01-09
(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) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
MWC FOUNDATION INC
#0726315 		Employer identification number

22-2914691
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) (2023)
Additional Data


Software ID:  
Software Version:  

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TY 2023 ExpenditureResponsibilityStmt
Name:
MWC FOUNDATION INC
 
#0726315
EIN:
22-2914691
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
COMMON STREAM INC CO JULIA SATTI COSENTINO
  		155 SEAPORT BOULEVARD
BOSTON,MA02210 		2003-12-29 25,500,000 GENERAL SUPPORT FOR COMMON STREAM, INC.'S CHARITABLE PURPOSES.   NO FUNDS HAVE BEEN DIRECTED TO ANY ACTIVITY OTHER THAN ORIGINALLY STATED. FULL AND COMPLETE REPORT OF ITS EXPENDITURES DURING 2021.   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.

TY 2023 InvestmentsCorpBondsSchedule
Name:
MWC FOUNDATION INC
 
#0726315
EIN:
22-2914691
Name of Bond End of Year Book Value End of Year Fair Market Value
BONDS 3,385,090 3,320,311

TY 2023 InvestmentsCorpStockSchedule
Name:
MWC FOUNDATION INC
 
#0726315
EIN:
22-2914691
Name of Stock End of Year Book Value End of Year Fair Market Value
STOCK 11,233,170 42,892,047

TY 2023 InvestmentsGovtObligationsSch
Name:
MWC FOUNDATION INC
 
#0726315
EIN:
22-2914691
US Government Securities - End of Year Book Value:

1,456,009
US Government Securities - End of Year Fair Market Value:

1,423,942
State & Local Government Securities - End of Year Book Value:


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


0


TY 2023 InvestmentsOtherSchedule2
Name:
MWC FOUNDATION INC
 
#0726315
EIN:
22-2914691
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER INVESTMENTS AT COST 3,541,378 3,500,000

TY 2023 LegalFeesSchedule
Name:
MWC FOUNDATION INC
 
#0726315
EIN:
22-2914691
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NUTTER, MCCLENNEN & FISH, LLP 292,948 0   292,948


TY 2023 OtherExpensesSchedule
Name:
MWC FOUNDATION INC
 
#0726315
EIN:
22-2914691
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MISCELLANEOUS EXPENSE 145,317 0   138,329


TY 2023 OtherProfessionalFeesSchedule
Name:
MWC FOUNDATION INC
 
#0726315
EIN:
22-2914691
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NUTTER, MCCLENNEN & FISH, LLP - MANAGEMENT FEE 203,980 81,592   122,388


TY 2023 TaxesSchedule
Name:
MWC FOUNDATION INC
 
#0726315
EIN:
22-2914691
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX 20,000 0   0
ESTIMATED TAX 28,764 0   0