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
The Thoracic Foundation
C/O Taylor Ganson & Perrin LLP
Number and street (or P.O. box number if mail is not delivered to street address)160 Federal St 20th
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02110
A Employer identification number

04-2226641
B Telephone number (see instructions)

(617) 951-2777
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$8,744,813J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 15,054 15,054 15,054
4 Dividends and interest from securities... 114,169 114,169 114,169
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -3,173
b Gross sales price for all assets on line 6a 3,925,325
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
240 240 240
12 Total. Add lines 1 through 11........ 126,290 129,463 129,463
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 51,763 51,763 0 0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
9,343 9,343 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
79,639 79,639 0 0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,611 0 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
4,213 3,600 0 0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 147,569 144,345 0 0
25 Contributions, gifts, grants paid....... 475,446 475,446
26 Total expenses and disbursements. Add lines 24 and 25 623,015 144,345 0 475,446
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -496,725
b Net investment income (if negative, enter -0-) 0
c Adjusted net income (if negative, enter -0-)... 129,463
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............. 6,687 3,439 3,439
2 Savings and temporary cash investments......... 25,259 117,771 117,771
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   69,277    
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) 266,229 Click to see attachment
List of Attached Documents:
// Content
280,141 		279,812
b Investments—corporate stock (attach schedule)....... 5,214,935 Click to see attachment
List of Attached Documents:
// Content
3,819,202 		7,256,831
c Investments—corporate bonds (attach schedule)....... 68,250 Click to see attachment
List of Attached Documents:
// Content
58,134 		58,257
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).......... 155,357 Click to see attachment
List of Attached Documents:
// Content
1,033,177 		1,028,703
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) 5,805,994 5,311,864 8,744,813
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........... 5,805,994 5,311,864
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........    
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)..... 5,805,994 5,311,864
30 Total liabilities and net assets/fund balances (see instructions). 5,805,994 5,311,864
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
5,805,994
2
Enter amount from Part I, line 27a .....................
2
-496,725
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,595
4
Add lines 1, 2, and 3 ..........................
4
5,311,864
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
5,311,864
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 150 shs Crown Castle Inc P 2021-06-19 2024-11-14
b 66 shs Analog Devices Inc P 1996-06-07 2023-06-12
c 100 shs Caterpillar Inc P 1995-08-17 2023-11-14
d 100 shs Eli Lilly & Co P 1995-08-17 2023-06-12
e 25 shs Microsoft Corp P 1995-08-17 2023-06-12
40 shs Sandoz Group AG P 2007-05-03 2023-12-19
1,000 shs Southwest Airlines P 1995-08-17 2023-06-12
270 shs US Bancorp P 1997-06-07 2023-06-12
15 shs Eli Lilly and Co P 1995-08-17 2023-11-14
50 shs Alphabet Inc Class A common stock P 2010-07-23 2023-02-15
75 shs Alphabet Inc Class A commons stock P 2010-07-23 2023-10-23
40 shs Amazon.com Inc P 2016-02-02 2023-07-27
100 shs Aptargroup Inc P 2004-11-23 2023-02-15
10,000 shs Bristol Myers Squibb Co P 2022-05-16 2023-11-01
900 shs Coloplast A S American Depositary Receipts P 2019-07-01 2023-11-22
70 shs Graco Inc P 2020-09-30 2023-02-15
15 shs Home Depot Inc P 2014-07-25 2023-02-15
15 shs Home Depot Inc P 2014-07-25 2023-07-27
IPG Photonics Corp P 2012-10-18 2023-02-15
100 shs IPG Photonics Corp P 2013-11-07 2023-04-14
45 shs Lumine Group Inc P 2023-03-01 2023-11-22
20 shs Microsoft Corp P 2007-02-22 2023-02-15
35 shs Microsoft Corp P 2007-02-22 2023-04-14
40 shs Nesle SA-Sponsored ADR P 2005-08-23 2023-02-15
55 shs Pepsico Inc Common stock P 2008-02-22 2023-07-27
25,000 shs Starbucks Corp Senior Unsecured Notes P 2020-07-08 2023-02-15
83 shs Topicus Com Inc Subordinate Voting Shares P 2021-08-15 2023-11-22
25,000 US Treasury Note P 2022-09-01 2023-11-15
10,000 US Treasury Note P 2022-11-03 2023-05-31
20 shs Visa Inc CL A common stock P 2015-05-18 2023-02-15
50 shs Visa Inc CL A common stock P 2015-05-18 2023-07-27
2,521 shs Array Technologies Inc P 2023-09-14 2023-11-13
1,821 shs Array Technologies Inc P 2023-09-15 2023-11-13
70 shs Aspen Aerogels Inc. P 2022-12-08 2023-08-21
577 shs Aspen Aerogels Inc. P 2023-06-15 2023-08-21
1,137 shs Aspen Aerogels Inc. P 2023-06-15 2023-08-22
701 shs Aspen Aerogels Inc. P 2023-06-15 2023-08-23
1,948 shs Aspen Aerogels Inc. P 2023-06-16 2023-08-23
553 shs Box Inc Class A P 2023-06-05 2023-07-19
3,605 shs Box Inc Class A P 2023-06-05 2023-12-06
1,357 shs Box Inc Class A P 2023-06-05 2023-12-06
4,521 shs Chegg Inc Com P 2022-02-08 2023-02-06
1,787 shs Chegg Inc Com P 2022-02-08 2023-02-07
1,984 shs Cutera Inc P 2023-08-03 2023-11-13
2,401 shs Cutera Inc P 2023-08-04 2023-11-13
692 shs Cutera Inc P 2023-08-07 2023-11-13
1,843 shs Cutera Inc P 2023-09-05 2023-11-13
62 shs Dollar Tree Inc P 2022-12-28 2023-07-19
406 shs Globus Medical Inc P 2023-06-27 2023-07-19
3,644 shs Globus Medical Inc P 2023-06-27 2023-11-13
191 shs Guidewire Softward Inc P 2023-01-03 2023-07-19
157 shs Inari Medical Inc P 2023-08-07 2023-11-02
53 shs Inari Medical Inc P 2023-08-07 2023-11-06
150 shs Inari Medical Inc P 2023-08-07 2023-11-07
212 shs New Relic Inc P 2023-04-14 2023-07-19
1,896 shs New Relic Inc P 2023-04-14 2023-08-03
432 shs Primoris Services Corporation Com P 2023-06-06 2023-07-19
104 shs Salesforce Com P 2023-09-22 2023-07-19
419 shs Select Medical Holdings Corp P 2023-06-27 2023-07-19
39 shs Solaredge Technologies P 2022-12-08 2023-07-19
350 shs Solaredge Technologies P 2022-12-08 2023-09-14
1,093 shs TPI Composites Inc P 2023-01-05 2023-07-19
3,407 shs TPI Composites Inc P 2023-01-05 2023-07-27
2,569 shs TPI Composites Inc P 2023-01-06 2023-07-27
3,826 shs TPI Composites Inc P 2023-01-09 2023-07-27
606 shs Tandem Diabetes Care Inc P 2022-09-14 2023-08-04
263 shs Tandem Diabetes Care Inc. P 2022-09-15 2023-08-04
322 shs Tenet Healthcare Corp P 2023-03-30 2023-07-19
1,709 shs Upwork Inc P 2022-11-03 2023-06-05
600 shs Cambium Networks Corp P 2022-12-16 2023-07-19
398 shs Cambium Networks Corp P 2022-12-16 2023-10-12
184 shs Cambium Networks Corp P 2022-12-19 2023-10-12
1,038 shs Cambium Networks Corp P 2022-12-19 2023-10-13
1,662 shs Cambium Networks Corp P 2022-12-20 2023-10-13
2,092 shs Cambium Networks Corp P 2022-12-21 2023-10-13
373 shs Kornit Digital LTD P 2023-06-06 2023-07-19
468 shs Kornit Digital LTD P 2023-06-06 2023-11-13
1,204 shs Kornit Digital LTD P 2023-06-07 2023-11-13
744 shs Kornit Digital LTD P 2023-06-09 2023-11-13
930 shs Kornit Digital LTD P 2023-06-12 2023-11-13
228 shs Agnico-Eagle Mines LTD P 2020-02-25 2023-07-19
524 shs Albemarle Corp P 2020-03-10 2023-01-04
137 shs Albemarle Corp P 2020-08-05 2023-01-04
53 shs Albemarle Corp P 2020-08-05 2023-07-19
476 shs Albemarle Corp P 2020-08-05 2023-08-25
155 shs Amazon Com P 2015-07-20 2023-07-19
225 shs Apple Computer Inc P 2019-10-11 2023-07-19
487 shs Aspen Aerogels Inc P 2020-08-17 2023-07-19
744 shs Aspen Aerogels Inc P 2020-08-18 2023-07-19
846 shs Aspen Aerogels Inc P 2020-08-18 2023-08-17
1,525 shs Aspen Aerogels Inc P 2020-08-19 2023-08-17
177 shs Aspen Aerogels Inc P 2020-08-20 2023-08-17
2 shs Aspen Aerogels Inc P 2020-08-20 2023-08-18
441 shs Aspen Aerogels Inc P 2020-08-21 2023-08-18
992 shs Aspen Aerogels Inc P 2020-08-24  
142 shs Aspen Aerogels Inc P 2020-08-25 2023-08-18
131 shs Aspen Aerogels Inc P 2020-08-26 2023-08-18
264 shs Aspen Aerogels Inc P 2020-08-27 2023-08-18
358 shs Aspen Aerogels Inc P 2020-08-31 2023-08-18
228 shs Aspen Aerogels Inc P 2020-08-31 2023-08-21
1,495 shs Aspen Aerogels Inc P 2020-09-03 2023-08-21
370 shs BP PLC P 2021-01-08 2023-07-19
456 shs Castle Biosciences Inc P 2022-05-26 2023-06-05
1,405 shs Castle Biosciences Inc P 2022-05-27 2023-06-05
7,943 shs Castle Biosciences Inc P 2022-05-31 2023-06-05
219 shs Caterpillar Inc P 2020-04-02 2023-04-14
333 shs Caterpillar Inc P 2020-04-22 2023-04-14
170 shs Caterpillar Inc P 2020-07-15 2023-04-14
150 shs Cheniere Energy P 2016-01-29 2023-07-19
108 shs Cognex Corp P 2019-11-27 2023-07-19
914 shs Crowdstrike Holdings P 2020-01-17 2023-01-05
508 shs Digi Intl Inc P 2022-06-03 2023-07-19
36 shs Digi Intl Inc P 2022-06-03 2023-07-31
315 shs Digi Intl Inc P 2022-06-06 2023-07-31
512 shs Digi Intl Inc P 2022-06-06 2023-08-01
170 shs Disney (Walt) Company P 2018-11-09 2023-07-19
272 shs Exxon Mobil Corp P 2021-06-23 2023-07-19
106 shs Generac Holdings Inc P 2022-05-26 2023-07-19
53 shs Goldman Sachs Group P 2019-07-16 2023-07-19
261 shs HCI Group Inc P 2022-05-02 2023-07-19
82 shs HCI Group Inc P 2022-05-03 2023-07-19
132 shs HCI Group Inc P 2022-05-03 2023-11-20
34 shs Intuit Inc P 2012-12-19 2023-07-19
795 shs Livent Corp P 2020-09-03 2023-07-19
2,017 shs Marcus & Millchap Inc P 2013-10-31 2023-01-04
545 shs Microsoft Corp P 2016-07-20 2023-04-14
108 shs Microsoft Corp P 2016-07-20 2023-07-19
303 shs Newmont Mining Corp P 2020-04-06 2023-07-19
2,719 shs Newmont Mining Corp P 2020-04-06 2023-11-13
140 shs Pepsico Inc P 2019-04-17 2023-07-19
740 shs Pepsico Inc P 2019-04-17 2023-08-25
111 shs Pepsico Inc P 2019-06-07 2023-08-25
219 shs Pepsico Inc P 2019-08-16 2023-08-25
185 shs Pepsico Inc P 2019-08-27 2023-08-25
338 shs Pfizer Inc P 2021-06-24 2023-07-19
3,025 shs Pfizer Inc P 2021-06-24 2023-07-19
1,695 shs Quanta SVCS Inc P 2012-05-03 2023-06-27
90 shs Snap On Inc P 2010-03-17 2023-07-19
380 shs Sterling Construction P 2021-11-03 2023-07-19
117 shs Sterling Construction P 2021-11-03 2023-08-11
381 shs Sterling Construction P 2021-11-03 2023-08-14
1,586 shs Sunopta Inc P 2022-07-01 2023-07-19
399 shs Tandem Diabetes Care Inc P 2022-03-22 2023-07-19
641 shs Tandem Diabetes Care Inc P 2022-03-22 2023-08-03
1,036 shs Tandem Diabetes Care Inc P 2022-03-22 2023-08-04
262 shs Tandem Diabetes Care Inc P 2022-03-30 2023-08-04
766 shs Tandem Diabetes Care Inc P 2022-07-01 2023-08-04
1,903 shs Upwork Inc P 2021-11-03 2023-06-05
875 shs Upwork Inc P 2022-05-02 2023-06-05
3,534 shs Upwork Inc P 2022-05-03 2023-06-05
809 shs APTIV PLC P 2021-06-24 2023-01-05
267 shs APTIV PLC P 2021-10-21 2023-01-05
1,597 shs Sensata Technologies Holding P 2021-11-03 2023-06-06
(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 15,233   27,408 -12,175
b 12,219   672 11,547
c 24,899   1,717 23,182
d 44,040   1,889 42,151
e 8,188   156 8,032
1,247   532 715
31,555   5,666 25,889
8,909   3,448 5,461
9,161   283 8,878
4,586   620 3,966
10,049   925 9,124
5,000   1,129 3,871
10,626   2,590 8,036
10,000   10,000 0
10,053   10,690 -637
4,878   4,433 445
4,597   1,231 3,366
4,803   1,231 3,572
12,256   6,095 6,161
11,358   6,316 5,042
768     768
5,215   602 4,613
9,807   1,053 8,754
4,644   1,117 3,527
10,143   3,968 6,175
20,900   26,093 -5,193
5,461   7,221 -1,760
25,000   24,856 144
10,000   9,923 77
4,416   1,415 3,001
11,410   3,538 7,872
35,459   66,485 -31,026
25,613   47,468 -21,855
408   838 -430
3,363   4,723 -1,360
6,318   9,307 -2,989
4,036   5,738 -1,702
11,216   16,361 -5,145
17,561   15,833 1,728
85,984   103,218 -17,234
32,261   38,853 -6,592
75,782   138,923 -63,141
29,874   54,912 -25,038
3,306   35,929 -32,623
4,001   44,791 -40,790
1,153   12,792 -11,639
3,071   20,418 -17,347
9,291   8,865 426
25,286   23,605 1,681
160,672   211,861 -51,189
15,286   11,990 3,296
8,773   10,340 -1,567
2,818   3,491 -673
7,994   9,879 -1,885
15,508   15,469 39
159,141   138,345 20,796
13,036   12,489 547
24,319   15,685 8,634
12,661   12,956 -295
10,812   12,307 -1,495
50,749   110,451 -59,702
11,281   11,976 -695
23,053   37,331 -14,278
17,383   29,866 -12,483
25,888   48,401 -22,513
18,010   35,061 -17,051
7,816   15,394 -7,578
25,859   18,587 7,272
14,313   22,722 -8,409
9,000   12,433 -3,433
2,081   8,247 -6,166
962   3,886 -2,924
5,187   21,922 -16,735
8,305   35,508 -27,203
10,454   46,383 -35,929
11,549   9,272 2,277
8,020   11,634 -3,614
20,633   32,148 -11,515
12,750   20,630 -7,880
15,938   26,404 -10,466
12,333   12,072 261
115,906   38,922 76,984
30,304   12,123 18,181
12,406   4,690 7,716
89,918   42,122 47,796
20,800   3,782 17,018
43,477   13,335 30,142
4,036   4,252 -216
6,167   6,344 -177
5,003   7,214 -2,211
9,018   12,843 -3,825
1,047   1,510 -463
12   17 -5
2,565   3,690 -1,125
5,769   8,240 -2,471
826   1,183 -357
762   1,115 -353
1,535   2,251 -716
2,082   3,054 -972
1,329   1,945 -616
8,714   12,973 -4,259
13,392   8,969 4,423
5,227   9,610 -4,383
16,106   31,434 -15,328
91,051   176,201 -85,150
49,162   25,258 23,904
74,753   37,057 37,696
38,162   23,556 14,606
23,509   4,520 18,989
6,378   5,574 804
87,596   57,979 29,617
21,285   12,926 8,359
1,508   916 592
13,196   7,994 5,202
21,534   12,993 8,541
14,797   20,267 -5,470
27,710   17,452 10,258
15,280   25,600 -10,320
17,676   11,398 6,278
15,288   16,741 -1,453
4,803   5,365 -562
11,025   8,637 2,388
17,126   2,115 15,011
22,621   7,106 15,515
71,897   24,204 47,693
155,775   30,432 125,343
38,969   6,031 32,938
13,662   15,259 -1,597
93,250   136,927 -43,677
25,907   17,677 8,230
132,411   93,435 38,976
19,862   14,884 4,978
39,187   28,805 10,382
33,103   24,947 8,156
12,237   13,260 -1,023
107,583   118,677 -11,094
326,237   39,918 286,319
26,469   3,927 22,542
22,447   9,607 12,840
9,468   2,958 6,510
30,497   9,632 20,865
9,398   13,094 -3,696
12,786   45,717 -32,931
17,985   73,445 -55,460
30,789   118,704 -87,915
7,786   30,779 -22,993
22,765   45,975 -23,210
15,938   93,068 -77,130
7,328   19,391 -12,063
29,597   81,185 -51,588
77,733   125,782 -48,049
25,655   45,126 -19,471
69,755   93,363 -23,608
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -12,175
b       11,547
c       23,182
d       42,151
e       8,032
      715
      25,889
      5,461
      8,878
      3,966
      9,124
      3,871
      8,036
      0
      -637
      445
      3,366
      3,572
      6,161
      5,042
      768
      4,613
      8,754
      3,527
      6,175
      -5,193
      -1,760
      144
      77
      3,001
      7,872
      -31,026
      -21,855
      -430
      -1,360
      -2,989
      -1,702
      -5,145
      1,728
      -17,234
      -6,592
      -63,141
      -25,038
      -32,623
      -40,790
      -11,639
      -17,347
      426
      1,681
      -51,189
      3,296
      -1,567
      -673
      -1,885
      39
      20,796
      547
      8,634
      -295
      -1,495
      -59,702
      -695
      -14,278
      -12,483
      -22,513
      -17,051
      -7,578
      7,272
      -8,409
      -3,433
      -6,166
      -2,924
      -16,735
      -27,203
      -35,929
      2,277
      -3,614
      -11,515
      -7,880
      -10,466
      261
      76,984
      18,181
      7,716
      47,796
      17,018
      30,142
      -216
      -177
      -2,211
      -3,825
      -463
      -5
      -1,125
      -2,471
      -357
      -353
      -716
      -972
      -616
      -4,259
      4,423
      -4,383
      -15,328
      -85,150
      23,904
      37,696
      14,606
      18,989
      804
      29,617
      8,359
      592
      5,202
      8,541
      -5,470
      10,258
      -10,320
      6,278
      -1,453
      -562
      2,388
      15,011
      15,515
      47,693
      125,343
      32,938
      -1,597
      -43,677
      8,230
      38,976
      4,978
      10,382
      8,156
      -1,023
      -11,094
      286,319
      22,542
      12,840
      6,510
      20,865
      -3,696
      -32,931
      -55,460
      -87,915
      -22,993
      -23,210
      -77,130
      -12,063
      -51,588
      -48,049
      -19,471
      -23,608
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 -3,173
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 -559,519
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 0
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 0
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 0
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
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
 
No
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 arrowEdward R Martin Esq Telephone no.right arrow (617) 951-2777

Located atright arrow160 Federal StreetBostonMA ZIP+4right arrow02110
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)
 
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
Hilary Worthen Trustee
0.50 		0 0 0
2587 Hilgard Ave
Berkeley,CA94709
Edward R Martin Trustee
3.00 		0 0 0
160 Federal Street
Boston,MA02110
Patricia Shepard Trustee
0.50 		0 0 0
23 Burnham Street
Belmont,MA02478
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
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 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
8,659,071
b
Average of monthly cash balances.......................
1b
374,662
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
9,033,733
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
9,033,733
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
135,506
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
8,898,227
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
444,911
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
444,911
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
0
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
444,911
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
444,911
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
444,911
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
475,446
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
475,446
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 7 444,911
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 109,736
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 475,446
a Applied to 2022, but not more than line 2a 109,736
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..... 365,710
e Remaining amount distributed out of corpus 0
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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 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 .......... 		79,201
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) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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:
Edward R Martin Trustee
160 Federal Street 20th Floor
Boston,MA02110
(617) 951-2777
bThe form in which applications should be submitted and information and materials they should include:
Open
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

Action on Smoking and Health(ASH)

1250 Connecticut Ave NW 7th Floor
Washington,DC20036 		none Health General funding for non-smokers rights 5,000

Asthma & Allergy Foundation of America

109 Highland Ave
Needham Heights,MA02494 		none Health Asthma Education and Awareness 25,000

Boston Community Pediatrics

527 Albany Street 200
Boston,MA02118 		none Charity To assist with Covid-19 vaccine education and counseling. 25,000

Campaign for Tobacco Free Kids

1400 Eye Street NW Suite 1200
Washington,DC20005 		none Charity Advocacy program - Take Down Tobacco 25,000

Campaign for Tobacco Free Kids

1400 Eye Street NW Suite 1200
Washington,DC20005 		none Charity Accountability program - Protecting Kids 35,000

Children's Hospital 300 Longwood Ave Boston MA 02215

300 Longwood Avenue
Boston,MA02115 		none Charity Asthma Program-Ms. Klements program 30,000

Compassion & Choices

4155 East Jewell Ave Suite 200
Denver,CO80222 		none Charity General purpose 35,000

Dana Farber Cancer Institute

10 Brookline Place West
Brookline,MA02445 		none Charity Dr. Janne's research on therapeutic targeting of drug induced persister cells 35,000

Dana Farber Cancer Institute

10 Brookline Place West
Brookline,MA02445 		none Charity Dr. David Barbie Research sensitizing small cell lung cancer to immune checkpoint blockade by restoring neoantigen displayEducation 35,000

Migrant Clinician Network

912 Dartmoor Drive
Austin,TX78746 		None Charity Assisting with TB issues with migrant workers 48,646

Southcoast Hospital 101 Page Street New Bedford MA 02740

101 Page Street
New Bedford,MA02470 		none Charity Breathe Free program 30,000

Sportsmen's Tennis & Enrichment Center

950 Blue Hill Ave
Dorchester,MA02124 		None Charity To support nicotine prevention and asthma care 35,000

University of California Berkeley

1995 University Avenue Suite 400
Berkeley,CA94704 		None Charity Gift to UC Regents to assist with research 50,000

Franciscan Children's Hospital

30 Warren Street
Boston,MA02135 		None Charity Support for Pulmonary rehabilitation program 30,000

Children's Wisconsin Foundation

PO Box 1997
Milwaukee,WI53201 		None Charity Support for Vaping project 25,000

Cristo Rey High School

100 Savin Hill Road
Dorchester,MA02125 		None Charity Grant for Vaping project 6,800
Total .................................right arrow 3a 475,446
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 15,054  
4 Dividends and interest from securities ....     14 114,169  
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 .....     18 240  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -3,173  
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) .. 0 126,290 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
126,290
(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

TY 2023 AccountingFeesSchedule
Name:
The Thoracic Foundation
 
C/O Taylor Ganson & Perrin LLP
EIN:
04-2226641
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Tax Preparation Fee 9,343 9,343 0 0

TY 2023 InvestmentsCorpBondsSchedule
Name:
The Thoracic Foundation
 
C/O Taylor Ganson & Perrin LLP
EIN:
04-2226641
Name of Bond End of Year Book Value End of Year Fair Market Value
10,000 shs Oracle Corp 10,007 9,883
10,000 shs Biogen Inc 10,050 9,839
10,000 shs Zoetis Inc 9,873 9,945
10,000 American Tower Corp New 9,701 9,584
20,000 shs Oracle Corp 18,503 19,006

TY 2023 InvestmentsCorpStockSchedule
Name:
The Thoracic Foundation
 
C/O Taylor Ganson & Perrin LLP
EIN:
04-2226641
Name of Stock End of Year Book Value End of Year Fair Market Value
200 shs Pfizer Inc. 5,512 5,758
200 shs Novartis AG Sponsored ADR 9,644 20,194
1,200 shs Roche Holdings Ltd Sponsored ADR 26,867 43,476
150 shs McDonald's Corp Inc. 10,545 44,477
200 shs Accenture PLC 11,015 70,182
500 shs Exxon Mobil Corp 8,601 49,990
210 shs Rockwell Automation 24,430 65,201
250 shs Sempra Energy 13,330 37,365
500 shs Alphabet Inc. CL A 6,616 69,845
250 shs Procter & Gamble Co 17,637 36,635
200 shs Johnson & Johnson 10,621 31,348
300 shs Canadian National Railway 2,107 37,689
300 shs JP Morgan Chase & Co. 20,463 51,030
400 shs Nextera Energy 14,367 24,296
525 shs Edwards Lifesciences 17,998 40,031
75 shs Berkshire Hathaway 15,805 26,750
90 shs Lowes Companies Inc. 9,905 20,030
900 shs Enterprise Products Partners 25,362 23,715
700 shs Keurig Dr. Pepper Inc 18,681 23,324
700 shs Par Technology 14,989 30,478
438 shs Alcon Inc. 23,896 34,217
410 shs Nestle SA-Sponsored ADR 12,062 47,500
175 shs Pepsico Inc. 25,719 29,722
100 shs Watsco Inc 28,485 42,847
150 shs Alcon Inc. 10,458 11,718
75 shs Ecolab Inc. 15,421 14,876
400 shs Nike Inc. 9,699 43,428
30 shs Union Pacific 6,588 7,369
15 shs Constellation Software Inc 16,443 37,270
95 shs American Tower Corporation 24,354 20,509
700 shs Abbott Laboratories 5,757 77,049
100 shs Alphabet Inc 1,323 14,093
500 shs Brookfield Corp 0 20,060
125 shs Brookfield Asset Manag F 4,733 5,021
600 shs Texas Instruments 3,587 102,276
100 shs Visa Inc 20,329 26,035
90 shs J & J Snack Food Corp 12,778 15,043
600 shs Analog Devices 6,113 119,136
300 shs Caterpillar Inc 5,151 88,701
425 shs Microsoft Corp 2,646 159,817
185 shs Lilly Eli & Co. 3,495 107,840
130 shs Mondelez Intl 7,443 9,416
375 shs Alphabet Inc 5,309 52,384
320 shs Amazon.Com Inc 9,332 48,621
150 shs Home Depot 14,861 51,983
150 shs Microsoft Corp 4,393 56,406
245 shs Pepsico Inc 16,913 41,611
180 shs Visa Inc. 12,932 46,863
250 shs Aptargroup Inc 6,730 30,905
300 shs Baxter International 10,755 11,598
200 shs Graco Inc 14,803 17,352
800 shs Keycorp 9,596 11,520
2,047 shs Agnico Eagle Mines LTD 106,623 112,278
1,385 shs Amazon Com Inc. 63,322 210,437
6,846 shs American Superconductor Corp 58,873 76,264
2,015 shs Apple Inc 121,614 387,948
1,345 shs Cheniere Energy Inc 40,533 229,605
968 shs Cognex Corp 49,958 40,404
8,700 shs Coursera Inc 146,017 168,519
4,654 shs Digi International Inc 123,221 121,004
559 shs Dollar Tree Inc 79,930 79,406
6,120 shs Energy Recovery Inc 156,587 115,301
2,439 shs Exxon Mobil Corp 156,489 243,851
952 shs Generac Holdings Inc 187,170 123,036
474 shs Goldman Sachs Group Inc. 101,934 182,855
1,714 shs Guidwire Software Inc. 107,592 186,895
2,938 shs HCI Group Inc 182,877 256,781
1,028 shs Inari Medical Inc. 67,707 66,738
301 shs Intuit Inc. 18,727 188,134
5,651 shs Kratos Defense & Security Solutions Com. 92,409 114,659
7,124 shs Livent Corp. 96,459 128,090
972 shs Microsoft Corp 54,275 365,511
3,871 shs Primoris Services Corp. 111,909 128,556
936 shs Salesforce Inc. 141,163 246,299
4,585 shs Select Medical Holdings Corp 135,570 107,748
803 shs Snap-On Inc 35,036 231,939
2,904 shs Sterling Infrastructure 73,416 255,349
14,220 shs Sunopta Inc 119,587 77,783
2,882 shs Tenet Healthcare Corp 167,886 217,793
1,521 shs Walt Disney Company 172,916 137,331
830 shs Zscaler Inc 132,400 183,895
3,317 shs BP Spon ADR EAch Rep 6 ORD shs 80,403 117,422

TY 2023 InvestmentsGovtObligationsSch
Name:
The Thoracic Foundation
 
C/O Taylor Ganson & Perrin LLP
EIN:
04-2226641
US Government Securities - End of Year Book Value:

280,141
US Government Securities - End of Year Fair Market Value:

279,812
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:
The Thoracic Foundation
 
C/O Taylor Ganson & Perrin LLP
EIN:
04-2226641
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
25,000 Hasbro3% due 11/19/24 AT COST 25,328 24,403
25,000 Coach Inc 4.25% due 4/1/25 AT COST 24,561 24,641
25,000 Molson Coors Brewing Co AT COST 25,586 23,956
15,000 Coach Inc 4.125% due 7/15/27 AT COST 14,983 14,263
10,000 Sherwin Williams Company 2.3% CPN AT COST 10,215 8,684
10,000 CVS Health 3% cpn 8/15/26 AT COST 9,408 9,562
10,000 EBAY Inc 3.6% CPN AT COST 9,576 9,674
913,520.16 units of State Street Treas. MMF AT COST 913,520 913,520

TY 2023 OtherExpensesSchedule
Name:
The Thoracic Foundation
 
C/O Taylor Ganson & Perrin LLP
EIN:
04-2226641
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Form PC filing fee 35 0 0 0
FNZ ADR Fees 70 0 0 0
ADR Fees Schwab 108 0 0 0
Account Maintenance Fee 400 0 0 0
Fee for Medical consultant 3,600 3,600 0 0


TY 2023 OtherIncomeSchedule2
Name:
The Thoracic Foundation
 
C/O Taylor Ganson & Perrin LLP
EIN:
04-2226641
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Nondividend distributions (Schwab) 240 240 240


TY 2023 OtherIncreasesSchedule
Name:
The Thoracic Foundation
 
C/O Taylor Ganson & Perrin LLP
EIN:
04-2226641
Description Amount
Adjustment to Book values 1,616
Adjustment for OID 979


TY 2023 OtherProfessionalFeesSchedule
Name:
The Thoracic Foundation
 
C/O Taylor Ganson & Perrin LLP
EIN:
04-2226641
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FNZ Agency fees 4,970 4,970 0 0
Lowell Blake & Associates 7,153 7,153 0 0
Taylor, Ganson & Perrin, LLP, for Trust Administration for 2020 7,161 7,161 0 0
Essex Management 60,355 60,355 0 0


TY 2023 TaxesSchedule
Name:
The Thoracic Foundation
 
C/O Taylor Ganson & Perrin LLP
EIN:
04-2226641
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Taxes paid Charles Schwab 1,102 0 0 0
Foreign Taxes paid from FNZ 864 0 0 0
Foreign Taxes paid RBC 645 0 0 0