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
Grimshaw-Gudewicz Charitable Foundation A Shabshelowitz Co-Trustee
 
Number and street (or P.O. box number if mail is not delivered to street address)263 Walnut St
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Fall River, MA02720
A Employer identification number

04-6778721
B Telephone number (see instructions)

(508) 672-2182
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$31,170,340J 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 94 94  
4 Dividends and interest from securities... 969,906 969,906  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 4,214,262
b Gross sales price for all assets on line 6a 6,347,807
7 Capital gain net income (from Part IV, line 2)... 4,214,262
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........ 5,184,262 5,184,262  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 260,360 182,252   78,108
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
17,835      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
69,603      
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
358     358
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 348,156 182,252   78,466
25 Contributions, gifts, grants paid....... 1,500,000 1,500,000
26 Total expenses and disbursements. Add lines 24 and 25 1,848,156 182,252   1,578,466
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 3,336,106
b Net investment income (if negative, enter -0-) 5,002,010
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.............      
2 Savings and temporary cash investments......... 582,395 2,960,349 2,960,349
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..........   472 472
10a Investments—U.S. and state government obligations (attach schedule) 8,875,380 8,489,843 8,438,540
b Investments—corporate stock (attach schedule)....... 6,122,869 Click to see attachment
List of Attached Documents:
// Content
4,196,022 		9,294,204
c Investments—corporate bonds (attach schedule).......      
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).......... 6,415,988 Click to see attachment
List of Attached Documents:
// Content
9,662,474 		10,476,775
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) 21,996,632 25,309,160 31,170,340
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) Click to see attachment
List of Attached Documents:
// Content
23,578 		 
23 Total liabilities (add lines 17 through 22)......... 23,578 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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 21,973,054 25,309,160
29 Total net assets or fund balances (see instructions)..... 21,973,054 25,309,160
30 Total liabilities and net assets/fund balances (see instructions). 21,996,632 25,309,160
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
21,973,054
2
Enter amount from Part I, line 27a .....................
2
3,336,106
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
25,309,160
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
25,309,160
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 Publicly Traded Securities P    
b Capital Gain Dividends P    
c
d
e
(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 6,272,276   2,133,545 4,138,731
b 75,531     75,531
c
d
e
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       4,138,731
b       75,531
c
d
e
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 4,214,262
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 69,528
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  
3 Add lines 1 and 2........................... 3 69,528
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 69,528
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 70,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 70000 7 70,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 337
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 10 135
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow135 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 arrowNH
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 arrowAndrew Shabshelowitz Co-Trustee Telephone no.right arrow (508) 672-2182

Located atright arrow263 Walnut StFall RiverMA ZIP+4right arrow02720
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 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
Barry Robbins Trustee
010.00 		21,670    
865 Central Avenue
Needham,MA02422
Andrew Shabshelowitz Trustee
010.00 		47,738    
263 Walnut St
Fall River,MA02720
Jason Marshall Trustee
010.00 		47,738    
300 Centerville Rd-Suite 204
Warwick,RI02886
Anne Fazendeiro Trustee
010.00 		47,738    
173 Auburn St
New Bedford,MA02740
Bernard AG Taradash Trustee
010.00 		47,738    
1684 Main Road
Westport,MA02790
Stephen J Hanna Trustee
010.00 		47,738    
1754 Waterbury Place
The Villages,FL32163
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  
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 arrow  
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 N/A 0
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
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
28,726,645
b
Average of monthly cash balances.......................
1b
2,832,738
c
Fair market value of all other assets (see instructions)................
1c
24,167
d
Total (add lines 1a, b, and c).........................
1d
31,583,550
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
31,583,550
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
473,753
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
31,109,797
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,555,490
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
1,555,490
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
69,528
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
69,528
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,485,962
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,485,962
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,485,962
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 Click to see attachment
List of Attached Documents:
// Content
..........
1a
1,578,466
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,578,466
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 1,485,962
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 171,021
b From 2019...... 219,235
c From 2020...... 186,504
d From 2021...... 149,057
e From 2022...... 9,719
f Total of lines 3a through e ........ 735,536
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,578,466
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 1,485,962
e Remaining amount distributed out of corpus 92,504
5 Excess distributions carryover applied to 2023.    
(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 5 828,040
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
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) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		171,021
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		657,019
10 Analysis of line 9:
a Excess from 2019.... 219,235
b Excess from 2020.... 186,504
c Excess from 2021.... 149,057
d Excess from 2022.... 9,719
e Excess from 2023.... 92,504
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).)
None
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.
None
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:
Jason Marshall
7 Lupine Court
Wakefield,RI02879
(401) 732-8070
jasonjmarshall-law.com
bThe form in which applications should be submitted and information and materials they should include:
A letter indicating purpose for which funds requested accompanied by a copy of the federal exemption letter and evidence that the organizaton is currently in good standing.
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
A minimum of 80 of the Foundations annual distribution is given to charitable organizations as designated in the trust instrument. The Trustees have discretion as to 20 of the annual distribution. The Trustees policy is to give to charitable organizations in geographical areas comprising Bristol County, MA, proximate Rhode Island areas, Peterborough, New Hampshire and vicinity and locations that can affect or benefit the inhabitants of Southeastern Massachusetts, Rhode Island, or New Hampshire areas. Generally the targeted areas for giving are the arts, education, especially those that enhance business and entrepreneurial skills, healthcare, and preservation of local culture. The Trustees also favor those organizations that will provide a lasting named memorial whenever possible.
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

Dana Farber Cancer Institute

450 Brookline Avenue
Boston,MA02115 		  PC Pan Mass Challenge 9,500

Atlantis Charter School

991 Jefferson Street
Fall River,MA02721 		  PC Rowing Program 6,000

Altemont Lodge #26

PO Box 175
West Peterborough,NH03468 		  PC Operating 2,000

Amos Fortune Forum

PO Box 153
Jaffrey,NH034520193 		  PC Operating 500

Andy's Summer Playhouse

PO Box 601
Wilton,NH030860601 		  PC Operating 500

Faxon Animal Rescue League of Greater Fall River

474 Durfee Street
Fall River,MA02720 		  PC Operating 3,000

Apple Hill Center for Chamber Music

Apple Hill Road PO Box 217
Sullivan,NH034450217 		  PC Operating 2,000

John E Boyd Center

2028 Rodman Street
Fall River,MA02721 		  PC Operating 2,000

Boys & Girls Club of Greater New Bedford Inc

PO Box 1506
New Bedford,MA02741 		  PC Operating 2,000

Bristol Community College

777 Elsbree Street
Fall River,MA02720 		  PC Scholarships 10,000

Brown University

Box 1860
Providence,RI02912 		  PC Scholarships 150,000

Buttonwood Park Zoological Society

425 Hawthorne Street
New Bedford,MA02740 		  PC Operating 3,000

The College Light Opera Company

PO Box 906
Falmouth,MA025410906 		  PC Operating 3,600

Concerts at the Poin t

PO Box 3
Westport,MA02791 		  PC Operating 3,000

ConVal High School

184 Hancock Road
Peterborough,NH03458 		  PC Scholarships 15,000

Dartmouth High School

555 Bakerville Road
North Dartmouth,MA02747 		  PC Scholarships 3,000

Dennison Memorial Community Center Inc

755 South First Street
New Bedford,MA02744 		  PC Operating 2,000

Diman Regional Technical High School

251 Stonehaven Road
Fall River,MA02723 		  PC Scholarships 6,000

Eastern Nazarene College

23 East Elm Avenue
Quincy,MA021702999 		  PC Scholarships 56,000

Fall River United Jewish Appeal Inc

385 High Street
Fall River,MA02720 		  PC Operating 10,800

Franklin Pierce University

40 University Drive
Rindge,NH03461 		  PC Rennovations/Operating 150,000

Freetown Historical Society

3 Slab Bridge Road PO Box 253
Assonet,MA02702 		  PC Operating 122,500

Friends Academy Inc

1088 Tucker Road
Dartmouth,MA02747 		  PC Scholarships 9,000

Future in Sight

25 Walker Street
Concord,NH03301 		  PC Operating 150,000

Happy Valley School

132 Gulf Road
Peterborough,NH03458 		  PC Operating 500

Harris Center for Conservation Education Inc

83 Kings Highway
Hancock,NH03449 		  PC Operating 500

Mary Hitchcock Memorial Hospital

One Medical Center Drive
Lebanon,NH037560001 		  PC Operating 150,000

The Home for the Little Wanderers Inc

10 Guest Street
Boston,MA02135 		  PC Operating 5,000

Humane Society & Shelter Southcoast

31 Ventura Drive
North Dartmouth,MA02747 		  PC Operating 1,000

Immigrants Assistance Center

58 Crapo Street
New Bedford,MA02740 		  PC Operating 3,000

Lown Institute Inc

163 Highland Avenue
Needham,MA02494 		  PC Operating 5,000

Masonic Education & Charity Trust

186 Tremont Street
Boston,MA02111 		  PC Scholarships 150,000

Massachusetts Eye & Ear Infirmary

243 Charles Street
Boston,MA021143096 		  PC Research 5,000

Mobile Ministries Inc

199 Pine Island Road
North Dartmouth,MA02747 		  PC Operating 4,000

Monadnock Chorus

PO Box 218
Peterborough,NH03458 		  PC Operating 500

Monadnock Community Daycare Center

PO Pox 262
Peterborough,NH03458 		  PC Operating 500

Monadnock Community Hospital

452 Old Street Road
Peterborough,NH03458 		  PC Operating 15,000

Monadnock Music

PO Box 3022
Peterborough,NH03458 		  PC Operating 500

Monadnock United Way Inc

23 Center Street
Keene,NH034313399 		  PC Operating 500

Monadnock Worksource Inc

90 Vose Farm Road Suite 150
Peterborough,NH03458 		  PC Operating 500

Narrows Center for the Arts

16 Anawan Street
Fall River,MA02721 		  PC Operating 2,000

The National Brain Tumor Society

55 Chapel Street Suite 200
Newton,MA02458 		  PC Operating 4,000

Nativity Preparatory School of New Bedford Inc

66 Spring Street
New Bedford,MA02740 		  PC Operating 2,000

National Education for Assistance Dog Services Inc

PO Box 1100
Princeton,MA01541 		  PC Operating 500

New Bedford High School

230 Hathaway Boulevard
New Bedford,MA02740 		  PC Scholarships 15,000

New Bedford Port Sociaety

15 Johnny Cake Hill
New Bedford,MA02740 		  PC Operating 1,000

New Bedford Symphoney Orchestra

128 Union Street Suite 204
New Bedford,MA02740 		  PC Operating 16,000

New Hampshire Public Radio

2 Pillsbury Street 6th Floor
Concord,NH03301 		  PC Operating 500

Old Rochester Regional High School

135 Marion Road
Mattapoisett,MA02739 		  PC Operating 2,000

Peterborough Fire & Rescue Association

PO Box 244
Peterborough,NH03458 		  PC Operating 500

Peterborough Historical Society

19 Grove Street PO Box 58
Peterborough,NH03458 		  PC Operating 8,000

Peterborough Players

Hadley Road PO Box 118
Peterborough,NH03458 		  PC Operating 7,500

Peterborough Town Library

2 Concord Street
Peterborough,NH034581511 		  PC Operating 1,500

The River Center Family & Community Resource Cener

9 Vose Farm Road Suite 115
Peterborough,NH03458 		  PC Operating 5,000

Roger William University School of Law

One Old Ferry Road
Bristol,RI028092921 		  PC Scholarships 8,000

Roth-Jones-Duff House & Garden Museum

396 County Street
New Bedford,MA027404934 		  PC Operating 15,000

Salve Regina University

100 Ochre Point Avenue
Newport,RI02840 		  PC Scholarships 5,000

Schepens Eye Research Institute

243 Charles Street
Boston,MA02114 		  PC Operating 150,000

Shriners Hospital for Children

51 Blossom Street
Boston,MA02114 		  PC Operating 6,000

Society for the Protection of NH Forests

54 Portsmouth Street
Concord,NH033015400 		  PC Operating 12,500

Southcoast Hospitals Group

101 Page Street
New Bedford,MA02740 		  PC Operating 2,500

Southeastern Massachusetts Veterans Housing Program Inc

1297 Purchase Street
New Bedford,MA02740 		  PC Operating 9,500

Strawbery Banke

PO Box 300
Portsmouth,NH038020300 		  PC Operating 500

Tabor Academy

66 Spring Street
Marion,MA02738 		  PC Scholarships 7,000

United Church of Assonet

North Main Street PO Box 155
Assonet,MA02702 		  PC Operating 500

United States Equestrian Team

Pottersville Road PO Box 355
Gladstone,NJ07934 		  PC Operating 2,600

University of New HampshireNortheast Passage

121 Technology Drive Suite 151
Durham,NH03824 		  PC Operating 10,000

URI Foundation

Three Keaney Road Suite One
Kingston,RI02881 		  PC Womens Rowing 3,000

Waterfront Historic Area League

15 Johnny Cake Hill
New Bedford,MA02740 		  PC Operating 500

Town of Westport

17 Main Road
Westport,MA02790 		  PC Scholarships 8,000

WGBH Educational Foundation

One Guest Street
Boston,MA02135 		  PC Operating 500

Zeiterion Theatre Inc

684 Purchase Street
New Bedford,MA02740 		  PC Operating 1,000

Bradley Hospital Foundation

PO Box H
Providence,RI02901 		  PC Operating 5,000

Bristol County Agricultural High School

135 Center Street
Dighton,MA02715 		  PC Scholarships 12,000

Bristol-Plymouth Regional Technical High School

207 Hart Street
Taunton,MA02780 		  PC Scholarships 12,000

Crossroads Rhode Island

160 Broad Street
Providence,RI02903 		  PC Operating 5,000

The Galilee Mission Inc

268 Kingston Road
Narragansett,RI02882 		  PC Operating 3,000

Monsignor Clarke School

5074 Tower Hill Road
South Kingstown,RI02879 		  PC Operating 4,000

MY Brother's Keeper

PO Box 338
Easton,MA02356 		  PC Christmas 20,000

New Bedford Whaling Museum

18 Johhny Cake Hill
New Bedford,MA027406398 		  PC Reading Room/ Library 19,000

South County Health

100 Kenyon Avenue
Wakefield,RI02879 		  PC Operating 20,000

Star Kids

PO Box 6214
Middletown,RI02842 		  PC Operating 3,000

The Corliss Institute Inc

290 Main Street
Warren,RI02885 		  PC Operating 8,500

First Baptist Church of Fall River

228 North Main Street
Fall River,MA027202318 		  PC Soup Kitchen 2,000

Forever Paws Animal Shelter

300 Lynwood Street
Fall River,MA02721 		  PC Operating 2,500

Foster Forward

55 South Brow Street
East Providence,RI02914 		  PC Operating 5,000

McAuley Ministries

PO Box 73915
Providence,RI02907 		  PC Operating 4,500

Rhode Island Philharmonic Orchestra & Music School

667 Waterman Avenue
East Providence,RI02914 		  PC Operating 2,000

Yeah Corps Inc

PO Box 9452
Fall River,MA02720 		  PC Operating 2,000
Total .................................right arrow 3a 1,500,000
bApproved for future payment
Total ................................. right arrow 3b  
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 94  
4 Dividends and interest from securities ....     14 969,906  
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 4,214,262  
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) ..   5,184,262  
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,184,262
(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: 23017659
Software Version: 23.1.0.0
Part VI Line 7 - Tax Paid with the Original Return: 70,000


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Grimshaw-Gudewicz Charitable Foundation A Shabshelowitz Co-Trustee
EIN:
04-6778721
Software ID:
23017659
Software Version:
23.1.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Shabshelowitz Co., CPAs 17,835      

TY 2023 InvestmentsCorpStockSchedule
Name:
Grimshaw-Gudewicz Charitable Foundation A Shabshelowitz Co-Trustee
EIN:
04-6778721
Software ID:
23017659
Software Version:
23.1.0.0
Name of Stock End of Year Book Value End of Year Fair Market Value
2000 shares of Abbott Labs 51,585 220,140
30000 shares of Bank of America Corporation 363,703 1,010,100
18000 shares of Cisco Sys Inc. 360,459 909,360
1899 shares of DuPont De Nemours Inc 60,121 146,090
24500 shares of Pfizer Inc. 546,358 705,355
1400 shares of Thermo Fisher Scientific Inc. 78,301 743,106
7000 shares of WP Carey Co. 400,803 453,670
3000 shares of Illinois Tool Wks Inc. 165,738 785,820
4000 shares of Apple Inc. 190,170 770,120
1000 shares of Markel Corp. 636,654 1,419,900
4000 shares of Goldman Sachs Group Inc. 84,700 86,560
1508 shares of International Flavor Fragrance 87,191 122,103
15000 shares of New York Community Bancorp Inc 158,159 153,450
10000 shares of ATT Inc 196,451 167,800
27000 shares of Jefferies Finl Group Inc 506,612 1,091,070
4000 shares of Dow Inc 96,526 219,360
15000 shares of Brookline Bancorp Inc 148,739 163,650
2500 shares of Eastern Bancshares Inc 30,925 35,500
466 shares of Net Lease Office Properties 8,411 8,612
3766 shares of Vitesse Energy Co 24,416 82,438

TY 2023 InvestmentsOtherSchedule2
Name:
Grimshaw-Gudewicz Charitable Foundation A Shabshelowitz Co-Trustee
EIN:
04-6778721
Software ID:
23017659
Software Version:
23.1.0.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
13300 Vanguard Int Term Corp AT COST 1,158,308 1,081,024
60265 Abrdn Healthcare Investors AT COST 1,113,360 998,591
142677.652 Vanguard Short Term Investment AT COST 1,499,164 1,459,592
24461 Vanguard Specialized Funds AT COST 3,086,682 4,168,154
12000 Blackrock Health Scienses Tr II AT COST 222,452 175,800
6115 Energy Select Sector Spdr Etf AT COST 499,534 512,682
32400 JP Morgan Equity Premium AT COST 1,786,759 1,781,352
6000 Nasdaq Equity Premium Income AT COST 296,215 299,580

TY 2023 OtherExpensesSchedule
Name:
Grimshaw-Gudewicz Charitable Foundation A Shabshelowitz Co-Trustee
EIN:
04-6778721
Software ID:
23017659
Software Version:
23.1.0.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office Expense 358     358


TY 2023 OtherLiabilitiesSchedule
Name:
Grimshaw-Gudewicz Charitable Foundation A Shabshelowitz Co-Trustee
EIN:
04-6778721
Software ID:
23017659
Software Version:
23.1.0.0
Description Beginning of Year - Book Value End of Year - Book Value
Federal Income Tax Payable 23,578  


TY 2023 TaxesSchedule
Name:
Grimshaw-Gudewicz Charitable Foundation A Shabshelowitz Co-Trustee
EIN:
04-6778721
Software ID:
23017659
Software Version:
23.1.0.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
New Hampshire Filing Fee 75      
Federal Excise Paid on Investment Income 69,528