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
MERCK FAMILY FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)131 DARTMOUTH STREET 301
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA021165297
A Employer identification number

22-6063382
B Telephone number (see instructions)

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

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$62,426,771J 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) 97,705
2 Check right arrow.............
3 Interest on savings and temporary cash investments 94,660 94,660  
4 Dividends and interest from securities... 972,513 1,133,446  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,688,126
b Gross sales price for all assets on line 6a 12,166,453
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
3,103 42,837  
12 Total. Add lines 1 through 11........ 2,856,107 1,270,943  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 399,991 27,724   372,267
14 Other employee salaries and wages...... 56,779 0   56,779
15 Pension plans, employee benefits....... 154,974 8,015   156,096
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
40,624 0   40,624
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
34,882 0   41,732
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
440,131 197,036   243,095
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
56,851 28,262   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 33,033 0   35,233
21 Travel, conferences, and meetings....... 30,967 0   28,717
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
43,102 294,414   25,201
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,291,334 555,451   999,744
25 Contributions, gifts, grants paid....... 2,740,202 3,120,202
26 Total expenses and disbursements. Add lines 24 and 25 4,031,536 555,451   4,119,946
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,175,429
b Net investment income (if negative, enter -0-) 715,492
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............. 87,776 192,502 192,502
2 Savings and temporary cash investments......... 3,194,693 2,082,443 2,082,443
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.......... 126,798 125,227 125,227
10a Investments—U.S. and state government obligations (attach schedule) 4,782,187 Click to see attachment
List of Attached Documents:
// Content
4,896,626 		4,896,626
b Investments—corporate stock (attach schedule)....... 19,492,609 Click to see attachment
List of Attached Documents:
// Content
22,664,547 		22,664,547
c Investments—corporate bonds (attach schedule)....... 4,010,312 Click to see attachment
List of Attached Documents:
// Content
3,891,114 		3,891,114
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).......... 28,664,497 Click to see attachment
List of Attached Documents:
// Content
28,487,827 		28,487,827
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
62,329 		Click to see attachment
List of Attached Documents:
// Content
86,485 		Click to see attachment
List of Attached Documents:
// Content
86,485
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 60,421,201 62,426,771 62,426,771
Liabilities 17 Accounts payable and accrued expenses.......... 33,461 8,765
18 Grants payable................. 535,000 155,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
261,200 		Click to see attachment
List of Attached Documents:
// Content
278,000
23 Total liabilities (add lines 17 through 22)......... 829,661 441,765
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........... 59,567,908 61,985,006
25 Net assets with donor restrictions............ 23,632 0
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)..... 59,591,540 61,985,006
30 Total liabilities and net assets/fund balances (see instructions). 60,421,201 62,426,771
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
59,591,540
2
Enter amount from Part I, line 27a .....................
2
-1,175,429
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
3,587,895
4
Add lines 1, 2, and 3 ..........................
4
62,004,006
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
19,000
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
61,985,006
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      
b T. ROWE PRICE LARGE-CAP GROWTH FUND CLASS (TRLGX) 899.238 SHARES D 2009-03-03 2023-05-15
c T. ROWE PRICE LARGE-CAP GROWTH FUND CLASS (TRLGX) 50.568 SHARES D 2022-12-15 2023-05-15
d T. ROWE PRICE LARGE-CAP GROWTH FUND CLASS (TRLGX) 0.1940 SHARES D 2022-12-15 2023-05-15
e MCE SOCIAL CAPITAL 1.75% 12/15/23 500,000 QTY P 2020-12-15 2023-12-15
THRU SCHEDULE K-1S, NET OF UBI P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 11,614,641   11,174,391 440,250
b 49,043   8,015 41,028
c 2,758   2,388 370
d 11   9 2
e 500,000   500,000 0
      -546,142
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       440,250
b       41,028
c       370
d       2
e       0
      -546,142
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 -64,492
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 9,945
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 9,945
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 9,945
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 123,329
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.............. 7 123,329
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 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 113,384
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow113,384 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowCA, MA, NJ
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 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 arrowJAMES MAGUIRE CFO Telephone no.right arrow (781) 789-6516

Located atright arrow131 DARTMOUTH STREET SUITE 301BOSTONMA ZIP+4right arrow021165297
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
GEORGE WHITRIDGE TRUSTEE, PRESIDENT
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
KATHARINE MATYS TRUSTEE, VICE PRES (BEGAN 02/04/2023)
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
SERENA WHITRIDGE TRUSTEE, SECRETARY
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
FREDERICK MORGAN WHITRIDGE TRUSTEE, TREASURER
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
NATHANIEL CHAMBERLIN TRUSTEE
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
IAN HATCH TRUSTEE
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
WILHELM MERCK TRUSTEE
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
WILHELM MERCK JR TRUSTEE
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
ELIZA HATCH TRUSTEE (THRU 02/04/2023)
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
OLIVIA FARR TRUSTEE (THRU 02/04/2023)
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
SUSANNAH HATCH TRUSTEE (THRU 02/04/2023)
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
JOSEPHINE MERCK TRUSTEE (THRU 02/04/2023)
1.00 		0 0 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
DARRYL YOUNG EXECUTIVE DIRECTOR (THRU 04/15/2023)
40.00 		102,932 15,401 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
RUTH GOLDMAN EXECUTIVE DIRECTOR (BEGAN 04/15/2023)
40.00 		142,569 45,779 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
JAMES A MAGUIRE CHIEF FINANCIAL OFFICER
40.00 		154,490 57,258 0
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
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
FORTIGENT INVESTMENT MANAGEMENT 102,962
75 STATE STREET
BOSTON,MA02109
KELLY NOWLIN STRATEGIC PLANNING CONSULTANT 100,837
10 BLUEBERRY LANE
HOPKINGTON,MA01748
PATHSTONE FAMILY OFFICE INVESTMENT ADVISORY 85,000
3333 PIEDMOND ROAD NE SUITE 2000
ATLANTA,GA30305
ANALYSIS GROUP RESEARCH CONSULTANT 83,000
111 HUNTINGTON AVE
BOSTON,MA02199
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
58,654,537
b
Average of monthly cash balances.......................
1b
2,647,834
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
61,302,371
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
61,302,371
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
919,536
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
60,382,835
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,019,142
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
3,019,142
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
9,945
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,945
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,009,197
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,009,197
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,009,197
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
4,119,946
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,119,946
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 3,009,197
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 844,211
b From 2019...... 792,593
c From 2020...... 1,548,357
d From 2021...... 617,130
e From 2022...... 1,391,231
f Total of lines 3a through e ........ 5,193,522
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,119,946
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 3,009,197
e Remaining amount distributed out of corpus 1,110,749
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 6,304,271
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		844,211
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		5,460,060
10 Analysis of line 9:
a Excess from 2019.... 792,593
b Excess from 2020.... 1,548,357
c Excess from 2021.... 617,130
d Excess from 2022.... 1,391,231
e Excess from 2023.... 1,110,749
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:
MERCK FAMILY FUND ATTN JAMES MAGUIR
131 DARTMOUTH STREET SUITE 301
BOSTON,MA021165297
(781) 789-6516
bThe form in which applications should be submitted and information and materials they should include:
STEP 1 - LETTER OF INQUIRY USING THE ONLINE APPLICATION; STEP 2 - FULL PROPOSAL USING THE ONLINE APPLICATION SYSTEM
cAny submission deadlines:
FEBRUARY 1 AND AUGUST 1
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
GRANTS MADE ONLY TO ORGANIZATIONS THAT ARE TAX EXEMPT
Form 990-PF (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

AMERICAN COUNCIL FOR AN ENERGY-EFFICIENT ECONOMY

529 14TH STREET NW
WASHINGTON,DC20045 		N/A PC ENDORSING ENERGY EFFICIENCY AND PROTECTING PUBLIC HEALTH IN THE SOUTHEAST 70,000

AMERICAN RIVERS

1101 14TH STREET NW
WASHINGTON,DC20009 		N/A PC AQUATIC BIODIVERSITY, ENVIRONMENTAL JUSTICE, AND CLIMATE RESILIENCE IN THE TENNESSEE RIVER BASIN 30,000

ANCIENT SONG

521 HALSEY STREET
BROOKLYN,NY11233 		N/A PC GENERAL SUPPORT 50,000

BIODIVERSITY FUNDERS' CLIMATE & ENERGY FUNDERS GROUP

PO BOX 29361
SAN FRANCISCO,CA94129 		N/A PC MEMBERSHIP GRANT 1,000

BLUEPRINT NC

3125 POPLARWOOD COURT SUITE 300
RALEIGH,NC27604 		N/A PC GENERAL SUPPORT 50,000

BOSTON FARMS

487 NORFOLK STREET
MATTAPAN,MA02126 		N/A PC GENERAL SUPPORT 25,000

CASA PENNSYLVANIA

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

CERES

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

CLEAN ENERGY GROUP INC

50 STATE STREET
MONTPELIER,VT05602 		N/A PC PHASING OUT PEAKERS IN MASSACHUSETTS AND PHILADELPHIA 80,000

CLEAN WATER FUND

88 BROAD STREET LOWER LEVEL
BOSTON,MA02110 		N/A PC CENTERING EQUITY IN ENERGY EFFICIENCY 30,000

COASTAL CONSERVATION LEAGUE

131 SPRING STREET
CHARLESTON,SC29403 		N/A PC COASTAL CONSERVATION LEAGUE 2023-2024 ENERGY PROGRAM SUPPORT 40,000

CONSERVATION LAW FOUNDATION

62 SUMMER STREET
BOSTON,MA02110 		N/A PC ADVANCING STATE-BASED DECARBONIZATION STRATEGIES 50,000

DOGWOOD ALLIANCE

PO BOX 7645
ASHEVILLE,NC28802 		N/A PC OUR FORESTS AREN'T FUEL 50,000

EASTIE FARM INC

213 WEBSTER STREET
BOSTON,MA02128 		N/A PC LIVING LANDS PROGRAM 25,000

EL PUEBLO

2321 CRABTREE BOULEVARD SUITE 105
RALEIGH,NC27604 		N/A PC GENERAL SUPPORT 50,000

ENVIRONMENTAL AND ENERGY STUDY INSTITUTE

1020 19TH STREET NW
WASHINGTON,DC20036 		N/A PC LEVERAGING EFFICIENCY FOR NONPROFITS AND RURAL ON-BILL FINANCING TO SPEED AN ENERGY TRANSITION 35,000

ENVIRONMENTAL GRANTMAKERS

475 RIVERSIDE DRIVE
NEW YORK,NY10115 		N/A PC MEMBERSHIP GRANT 8,937

ENVIRONMENTAL INTEGRITY PROJECT

1000 VERMONT AVENUE NW SUITE 1100
WASHINGTON,DC20005 		N/A PC BIOFUELS ENVIRONMENTAL ACCOUNTABILITY PROJECT 35,000

ENVIRONMENTAL PAPER NETWORK

PO BOX 7091
ASHEVILLE,NC28802 		N/A PC GENERAL SUPPORT 25,000

EQUITY ADVOCATES

258 HALSTEAD AVENUE SUITE 613
HARRISON,NY10528 		N/A PC BUILDING CIVIC ENGAGEMENT WITHIN THE NYC URBAN AGRICULTURE & FOOD JUSTICE COMMUNITY 40,000

EVERETT COMMUNITY GROWERS

471 BROADWAY
EVERETT,MA02149 		N/A PC EXPLORING ECOSYSTEMS: YOUTH IN AGRICULTURE AND COMMUNITY 25,000

EXPONENT PHILANTHROPY

1720 N STREET NW
WASHINGTON,DC20036 		N/A PC MEMBERSHIP GRANT 815

FARM SCHOOL NYC

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

GARDENING THE COMMUNITY

PO BOX 90774
SPRINGFIELD,MA01139 		N/A PC BLACK URBAN FARMERS CONFERENCE 2,500

GARDENING THE COMMUNITY

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

GREEN CITY FORCE

630 FLUSHING AVENUE
BROOKLYN,NY11206 		N/A PC GREEN CITY FORCE (GCF) SERVICE CORPS AND ECO-HUBS 30,000

GREEN GUERILLAS

232 E 11TH STREET
NEW YORK,NY10003 		N/A PC GREEN GUERILLAS YOUTH EMPOWERMENT PIPELINE 50,000

GREEN GUERILLAS

232 E 11TH STREET
NEW YORK,NY10003 		N/A PC BLACK URBAN FARMERS CONFERENCE 2,500

GREENROOTS

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

GROUNDWORK LAWRENCE

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

GROUNDWORK SOUTHCOAST

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

HALEY HOUSE INC

23 DARTMOUTH STREET
BOSTON,MA02116 		N/A PC HALEY HOUSE'S URBAN AGRICULTURE PROGRAM 25,000

HATTIE CARTHAN COMMUNITY GARDEN

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

JOHN BARTRAM ASSOCIATION

5400 LINDBERGH BOULEVARD
PHILADELPHIA,PA19143 		N/A PC YOUTH-LED AGRICULTURE AND LOCAL FOOD SOVEREIGNTY AT THE SANKOFA COMMUNITY FARM AT BARTRAM'S GARDEN 35,000

LAND TRUST ALLIANCE

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

MA FOOD SYSTEM COLLABORATIVE

NONPROFIT CENTER 89 SOUTH STREET
SUITE 700
BOSTON,MA02111 		N/A PC GENERAL SUPPORT. 40,000

MAJORITY ACTION

8705 COLESVILLE ROAD SUITE 312
SILVER SPRING,MD20910 		N/A PC EXPANDING INVESTOR POWER FOR 1.5 C CORPORATE GOVERNANCE ALIGNMENT & LARGE AM ACCOUNTABILITY 30,000

MAKE THE ROAD PA

347 N 8TH STREET
ALLENTOWN,PA18102 		N/A PC BUILDING LATINE CIVIC ENGAGEMENT POWER IN EASTERN PA 50,000

NATIONAL CAUCUS OF ENVIRONMENTAL LEGISLATORS

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

NATIONAL VOTE AT HOME INSTITUTE

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

NATURAL RESOURCES COUNCIL OF MAINE

3 WADE STREET
AUGUSTA,ME04330 		N/A PC CLIMATE ACTION AND THE CLEAN ENERGY SYSTEM FOR MAINES FUTURE 40,000

NC CLIMATE JUSTICE COLLECTIVE

POB 15422
DURHAM,NC27704 		N/A PC GENERAL SUPPORT 35,000

NEIGHBORHOOD GARDENS TRUST

100 N 20TH STREET
PHILADELPHIA,PA19103 		N/A PC GENERAL SUPPORT 25,000

NEW YORK LAWYERS FOR THE PUBLIC INTEREST

151 W 30TH STREET
NEW YORK,NY10001 		N/A PC PEAK COALITION 75,000

NORRIS SQUARE NEIGHBORHOOD PROJECT

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

NORTH CAROLINA BLACK ALLIANCE

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

NORTH CAROLINA CLEAN ENERGY FUND

8105 HALETHORPE DRIVE
RALEIGH,NC27613 		N/A PC GENERAL SUPPORT 50,000

NORTH STAR FUND

520 8TH AVENUE SUITE 2203
NEW YORK,NY10018 		N/A PC COMMUNITY FOOD FUNDERS 40,000

NORTHEAST ENERGY EFFICIENCY PARTNERSHIPS

81 HARTWELL AVENUE
LEXINGTON,MA02421 		N/A PC GENERAL SUPPORT 75,000

NORTHEAST SUSTAINABLE AGRICULTURE WORKING GROUP

PO BOX 3301-09
PROVIDENCE,RI02909 		N/A PC GENERAL SUPPORT 25,000

ONE ART COMMUNITY CENTER

1431 N 52ND STREET
PHILADELPHIA,PA19131 		N/A PC URBAN HERBAL PLANT PROJECT 25,000

ONE ART COMMUNITY CENTER

1431 N 52ND STREET
PHILADELPHIA,PA19131 		N/A PC LAND ACQUISITION 25,000

ONE PENNSYLVANIA UNITED

1414 BRIGHTON ROAD
PITTSBURGH,PA15212 		N/A PC DEFEND AND EXPAND DEMOCRACY TO PROMOTE ENERGY EFFICIENCY PHILLY 2023 40,000

OPEN SPACE INSTITUTE

1350 BROADWAY SUITE 201
NEW YORK,NY10018 		N/A PC DISCRETIONARY 2,000

OUR CLIMATE EDUCATION FUND

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

PENNSYLVANIA HORTICULTURAL SOCIETY

100 N 20TH STREET
PHILADELPHIA,PA19103 		N/A PC SUPPORTING COMMUNITY GARDENS AND URBAN AGRICULTURE IN PHILADELPHIA 25,000

PENNSYLVANIA VOICE

915 SPRING GARDEN STREET
PHILADELPHIA,PA19103 		N/A PC GENERAL SUPPORT. 50,000

PHILADELPHIA CITY FUND

1400 JOHN F KENNEDY BOULEVARD
PHILADELPHIA,PA19107 		N/A PC THE URBAN AGRICULTURE RELEASE PLAN EVENT 3,000

PHILADELPHIA FOOD POLICY ADVISORY COUNCIL

1515 ARCH STREET
PHILADELPHIA,PA19102 		N/A PC CATALYZING IMPLEMENTATION OF THE FOOD POLICY ADVISORY COUNCIL STRATEGIC PLAN 25,000

PHILANTHROPY MA

133 FEDERAL STREET
BOSTON,MA12110 		N/A PC MEMBERSHIP GRANT 4,450

POWER

1429 N 11TH ST
PHILADELPHIA,PA19122 		N/A PC BUILDING STATEWIDE POWER IN RELATIONSHIPS 50,000

PUBLIC INTEREST LAW CENTER OF PHILADELPHIA

1709 BENJAMIN FRANKLIN PARKWAY 2ND
FLOOR
PHILADELPHIA,PA19103 		N/A PC GARDEN JUSTICE LEGAL INITIATIVE 90,000

RED HOOK INITIATIVE

767 HICKS STREET
BROOKLYN,NY11231 		N/A PC RED HOOK FARMS - AN URBAN YOUTH FARM IN RED HOOK, BROOKLYN 30,000

REGIONAL ENVIRONMENTAL COUNCIL INC

PO BOX 255
WORCESTER,MA01613 		N/A PC YOUTHGROW PROGRAM 30,000

RISEBORO COMMUNITY PARTNERSHIP

565 BUSHWICK AVENUE
BROOKLYN,NY11206 		N/A PC BUSHWICK GROWS COMMUNITY FARM 25,000

ROOT CATALYST

130 E 94TH STREET APT 5A
NEW YORK,NY10128 		N/A PC BLACKWELL COMMUNITY GARDEN 15,000

SOIL GENERATION

6024 RIDGE AVENUE
PHILADELPHIA,PA19128 		N/A PC GENERAL SUPPORT. BUILDING COMMUNITY CAPACITY THROUGH AGROECOLOGY 30,000

SOUL FIRE FARM INSTITUTE INC

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

SOUTHEAST ASIAN COALITION OF CENTRAL MASSACHUSETTS

484 MAIN STREET SUITE 400
WORCESTER,MA01608 		N/A PC YOUTH GARDENING 15,000

SOUTHEAST ENERGY EFFICIENCY ALLIANCE

100 PEACHTREE STREET NW
ATLANTA,GA30303 		N/A PC ADVANCING ENERGY SECURITY AND EQUITY IN THE SOUTHEAST 50,000

SOUTHEAST SUSTAINABILITY DIRECTORS NETWORK

9 VON RUCK TERRACE
ASHEVILLE,NC28801 		N/A PC SCALING ENERGY EFFICIENCY WORK IN LOCAL GOVERNMENTS AND COMMUNITIES THROUGHOUT THE SOUTH 50,000

SOUTHERN ALLIANCE FOR CLEAN ENERGY

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

SOUTHERN COALITION FOR SOCIAL JUSTICE

1415 WEST NC HIGHWAY 54
DURHAM,NC27707 		N/A PC CHALLENGING ADMINISTRATIVE DISENFRANCHISEMENTS 50,000

SOUTHERN ENVIRONMENTAL LAW CENTER

201 WEST MAIN STREET SUITE 14
CHARLOTTESVILLE,VA22902 		N/A PC PROMOTING ENERGY EFFICIENCY AS THE FIRST ENERGY RESOURCE OF THE SOUTH 100,000

THE CAMPAIGN AGAINST HUNGER INC

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

THE CHISHOLM LEGACY PROJECT

PO BOX 1031
BURTONSVILLE,MD20866 		N/A PC GENERAL SUPPORT 40,000

THE FOOD PROJECT

10 LEWIS STREET
LINCOLN,MA01773 		N/A PC THE FOOD PROJECTS YOUTH PROGRAMS 30,000

TIDES FOUNDATION

PO BOX 889389
LOS ANGELES,CA90088 		N/A PC NY RENEWS COALITION-WIDE CLIMATE JUSTICE REGRANTS 50,000

UNITED COMMUNITY CENTERS

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

URBAN CREATORS

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

URBAN FARMING INSTITUTE

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

URBAN TREE CONNECTION

1445 N 52ND STREET
PHILADELPHIA,PA19131 		N/A PC 2023 PHILLY LAND JUSTICE CONVENING 30,000

URBAN TREE CONNECTION

1445 N 52ND STREET
PHILADELPHIA,PA19131 		N/A PC PHILADELPHIA LAND JUSTICE COALITION 30,000

VIETLEAD

320 W OREGON AVENUE
PHILADELPHIA,PA19148 		N/A PC RESILIENT ROOTS FARM PROGRAM 35,000

VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT INC

42 CHARLES STREET SUITE E
DORCHESTER,MA02122 		N/A PC GROWING YOUTH & RESIDENT POWER 20,000
Total .................................right arrow 3a 3,120,202
bApproved for future payment

CLEAN ENERGY GROUP INC
50 STATE STREET
MONTPELIER,VT05602 		N/A PC PHASING OUT PEAKERS IN MASSACHUSETTS AND PHILADELPHIA 80,000

NEW YORK LAWYERS FOR THE PUBLIC INTEREST
151 W 30TH STREET
NEW YORK,NY10001 		N/A PC PEAK COALITION 75,000
Total ................................. right arrow 3b 155,000
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 94,660  
4 Dividends and interest from securities ....     14 972,513  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 3,103  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,688,126  
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 2,758,402 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,758,402
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Name of the organization
MERCK FAMILY FUND
 
Employer identification number

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






Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......... Arrow Bullet $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (2023)
Schedule B (Form 990) (2023) Page 2
Name of organization
MERCK FAMILY FUND
  		Employer identification number
22-6063382
Part I
Contributors
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
NATHANIEL CHAMBERLIN
131 DARTMOUTH STREET SUITE 301
 
BOSTON, MA021165297

$ 51,747


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
DANIEL HILDRETH
131 DARTMOUTH STREET SUITE 301
 
BOSTON, MA021165297

$ 30,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
JOHN MERCK FUND
 
131 DARTMOUTH STREET SUITE 301
 
BOSTON, MA021165297

$ 15,958


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
MERCK FAMILY FUND
  		Employer identification number

22-6063382
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 T. ROWE PRICE LARGE-CAP GROWTH FUND CLASS I (TRLGX) 950.000 SHARES $ 51,747 2023-05-11
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 4
Name of organization
MERCK FAMILY FUND
  		Employer identification number

22-6063382
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FINANCIAL STATEMENT AUDIT/REVIEW 19,200 0   22,800
TAX RETURN PREPARATION 15,682 0   18,932

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

TY 2023 ExpenditureResponsibilityStmt
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
TRANSITCENTER INC
  		1 WHITEHALL STREET 17TH FLOOR
NEW YORK,NY10004 		2022-05-25 50,000 ADVOCATE FOR TRANSIT AGENCIES TO ADOPT COST CONTAINMENT RECOMMENDATIONS OF REPORTS ON CONSTRUCTION OF U.S. TRANSIT INFRASTRUCTURE. 50,000 TO OUR KNOWLEDGE THE GRANTEE HAS NOT MADE ANY DIVERSION OF FUNDS. 10/02/2023   N/A

TY 2023 ExplnOfNonFilingWithAGStmt
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Statement:
THE FOUNDATION IS NOT REQUIRED TO FILE A COPY OF FEDERAL FORM 990-PF WITH THE STATE OF NEW JERSEY'S ATTORNEY GENERAL'S OFFICE AS IT DOES NOT SOLICIT FUNDS FROM THE PUBLIC.

TY 2023 InvestmentsCorpBondsSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Name of Bond End of Year Book Value End of Year Fair Market Value
ABBVIE INC FXD RT SR NT 3.200% 05/14/26 (00287YAY5) 120,000.0000 QTY 116,273 116,273
ABBVIE INC SR NT FLTG ACCD INV 3.200% 11/21/29 (00287YBX6) 35,000.0000 QTY 32,758 32,758
ACE INA HLDGS INC GTD SR NT 3.350% 05/03/26 (00440EAV9) 55,000 QTY 53,412 53,412
AIR PRODS & CHEMS INC NT 1.850% 05/15/27 (009158AY2) 55,000.0000 QTY 50,731 50,731
ALEXANDRIA REAL ESTATE EQUITIES INC 4.900% 12/15/30 (015271AU3) 15,000 QTY 15,043 15,043
AMERICAN EXPRESS CO NT 4.900% 02/13/26 (025816DC0) 119,000.0000 QTY 119,325 119,325
AMERICAN EXPRESS CO SR NT 3.950% 08/01/25 (025816CY3) 30,000.0000 QTY 29,519 29,519
AMERICAN HONDA FIN CORP 5.250% 07/07/26 (02665WEK3) 55,000 QTY 55,993 55,993
AMERICAN TOWER CORP 2.400% 03/15/25 (03027XAZ3) 15,000.0000 QTY 14,492 14,492
AMERICAN TOWER CORP NEW FIXED RATE 3.125% 01/15/27 (03027XAM2) 20,000 QTY 18,915 18,915
AMGEN INC 5.250% 03/02/33 (031162DR8) 30,000 QTY 30,801 30,801
AMGEN INC FXD RT SR NT 3.125% 05/01/25 (031162BY5) 45,000 QTY 38,977 38,977
AMGEN INC SR NT 2.200% 02/21/27(031162CT5) 45,000.0000 QTY 41,871 41,871
ANTHEM INC FXD RT SR NT 4.101% 03/01/28 (036752AG8) 45,000.0000 QTY 44,274 44,274
AT&T INC FXD RT SR NT 4.300% 02/15/30 (00206RGQ9) 30,000 QTY 44,133 44,133
BANK AMER CORP 3.841% 04/25/25 (06051GKS7) 40,000.0000 QTY 39,743 39,743
BANK AMER CORP SR NT FIXED/FLTG 1.530% 12/06/25 (06051GKE8) 30,000 QTY 28,839 28,839
BANK AMER CORP SR NT FXD/FLTG 2.687% 04/22/32 (06051GJT7) 55,000.0000 QTY 46,522 46,522
BANK NEW YORK MELLON CORP 4.414% 07/24/26 (06406RBJ5) 60,000 QTY 59,374 59,374
BANK NOVA SCOTIA B C I 4.750% 02/02/26 (06417XAN1) 60,000 QTY 59,882 59,882
BANK NOVA SCOTIA BC SR MEDIUM 1.450% 01/10/25 (06417XAB7) 25,000 QTY 24,044 24,044
BOSTON PPTYS LED PARTNERSHIP GTD 3.800% 02/01/24 (10112RAW4) 55,000.0000 QTY 29,943 29,943
BOSTON PPTYS LTD PARTNERSHIP SR NT 2.750% 10/01/26 (10112RAY0) 20,000 QTY 18,558 18,558
CALVERT IMPACT CAP INC CALVERT CMNTY 1.000% 02/14/25 (13162EEK8) 250,000 QTY 250,000 250,000
CARRIER GLOBAL CORP NT 2.24% 02/15/25 (14448CAN4) 15,000.0000 QTY 14,538 14,538
CHUBB INA HLDGS INC GTD SR NT 1.375% 09/15/30 (171239AG1) 40,000 QTY 32,957 32,957
CITIGROUP INC 4.910% 05/24/33 (172967NU1) 30,000.0000 QTY 29,425 29,425
CITIGROUP INC FXD RT SR NT 3.700% 01/12/26 (172967KG5) 30,000.0000 QTY 29,297 29,297
CITIGROUP INC FXD TO FLTG SR NT 3.668% 07/24/28 (172967LP4) 45,000 QTY 42,917 42,917
CNH INDL CAP LLC NT 1.450% 07/15/26 (12592BAM6) 30,000.0000 QTY 27,526 27,526
COMCAST CORP GTD FXD RT NT 3.150% 03/01/26 (20030NBS9) 115,000.0000 QTY 111,679 111,679
COMCAST CORP GTD FXD RT SR NOTE 4.150% 10/15/28 (20030NCT6) 50,000 QTY 49,346 49,346
CVS HEALTH CORP FXD RT SR NT 4.300% 03/25/28 (126650CX6) 35,000.0000 QTY 34,447 34,447
CVS HEALTH CORP SR NT 5.000% 02/20/26 (126650DS6) 115,000.0000 QTY 115,587 115,587
DEERE JOHN CAP CORP MEDIUM TERM 0.700% 01/15/26 (24422EVK2) 70,000.0000 QTY 64,901 64,901
DEERE JOHN CAP CORP MEDIUM TERM R 4.800% 01/09/26 (24422EWP0) 67,000 QTY 67,375 67,375
FIFTH THIRD BANCORP SR NT 6.361% 10/27/28 (316773DJ6) 40,000 QTY 41,525 41,525
GENERAL MLS INC FXD RT SR NT 4.200% 04/17/28 (370334CG7) 20,000.0000 QTY 19,697 19,697
GOLDMAN SACHS GROUP INC FXD 3.814% 04/23/29 (38141GWV2) 45,000 QTY 42,750 42,750
GOLDMAN SACHS GROUP INC NT FIXED 0.855% 02/12/26 (38141GXS8) 30,000 QTY 28,444 28,444
HOME DEPOT INC NT 2.950% 06/15/29 (437076BY7) 70,000 QTY 84,680 84,680
HOME DEPOT INC NT 4.000% 09/15/25 (437076CR1) 50,000.0000 QTY 49,543 49,543
JPMORGAN CHASE & CO 2.580% 04/22/32 (46647PCC8) 75,000.0000 QTY 63,557 63,557
JPMORGAN CHASE & CO 4.080% 04/26/26 (46647PCZ7) 30,000.0000 QTY 29,517 29,517
KEURIG DR PEPPER INC SR NT 2.250% 03/15/31 (49271VAN0) 50,000.0000 QTY 42,617 42,617
LINCOLN NATL CORP IND SR NT 3.050% 01/15/30 (534187BJ7) 15,000 QTY 13,268 13,268
LOWES COS INC SR NT 4.400% 09/08/25 (548661EK9) 54,000.0000 QTY 53,599 53,599
LOWES COS INC SR NT 4.400% 09/08/25 (548661EK9) 55,000.0000 QTY 54,591 54,591
MASTERCARD INC 4.850% 03/09/33 (57636QAX2) 40,000 QTY 41,380 41,380
MEDTRONIC GLOBAL HOLDINGS 0.000% 03/30/28 (58507LBB4) 40,000 QTY 39,871 39,871
MITSUBISHI UFJ FINANCIAL INC 3.777% 03/02/25 (606822AU8) 25,000 QTY 24,577 24,577
MORGAN STANLEY FXD 4.000% 07/23/25 (6174468C6) 20,000 QTY 19,715 19,715
MORGAN STANLEY FXD RT NTS SER F 3.875% 01/27/26 (61746BDZ6) 55,000.0000 QTY 53,886 53,886
MORGAN STANLEY SR NT FIXED/FLTG SER I 6.342% 10/18/33 (61747YEY7) 40,000 QTY 43,209 43,209
PEPSICO INC 5.125% 11/10/26 B/E DTD 11/10/23 (713448FW3) 25,000 QTY 25,539 25,539
PEPSICO INC FXD RT SR NT 3.000% 10/15/27 (713448DY1) 35,000 QTY 33,639 33,639
PNC FINL SVCS GROUP INC SR 5.671% 10/28/25 (693475BH7) 125,000.0000 QTY 124,949 124,949
PROLOGIS L P NT 1.250% 10/15/30 B/E DTD 08/20/20 (74340XBR1) 55,000.0000 QTY 44,515 44,515
ROYAL BK CDA GLOBAL 4.875% 01/12/26 (78016FZT4) 45,000 QTY 45,101 45,101
ROYAL BK CDA GLOBAL MED TERM NTS 1.150% 06/10/25 (78015K7H1) 50,000 QTY 47,395 47,395
ROYAL BK CDA GLOBAL MEDIUM 3.375% 04/14/25 (78016EZ59) 20,000 QTY 19,596 19,596
S&P GLOBAL INC GTD FXD 2.950% 01/22/27 (78409VAM6) 65,000.0000 QTY 62,080 62,080
SIMON PPTY GROUP L P 3.300% 01/15/26 (828807CW5) 100,000 QTY 96,901 96,901
STATE STR CORP FXD RT SR NT 3.550% 08/18/25 (857477AT0) 45,000.0000 QTY 44,154 44,154
STATE STR CORP SR NT FIXED/FLTG 4.857% 01/26/26 (857477BZ5) 75,000.0000 QTY 99,537 99,537
THERMO FISHER SCIENTIFIC INC 5.000% 12/05/26 (883556CZ3) 30,000 QTY 30,442 30,442
TORONTO DOMINION 0.750% 01/06/26 (89114QCP1) 60,000.0000 QTY 55,447 55,447
TORONTO DOMINION BK SR 5.103% 07/09/23 (89115A2K7) 125,000 QTY 125,901 125,901
UNITEDHEALTH GROUP INC 5.150% 10/15/25 (91324PEN8) 90,000.0000 QTY 91,000 91,000
UNITEDHEALTH GROUP INC FXD RT SR NT 3.850% 06/15/28 (91324PDK5) 65,000.0000 63,625 63,625
WALT DISNEY CO GTD NT 1.750% 01/13/26 (254687FV3) 65,000.0000 QTY 61,536 61,536
WALT DISNEY CO GTD NT 2.000% 09/01/29 (254687FL5) 50,000 QTY 44,383 44,383
WASTE MGMT INC DEL 4.875% 02/15/34 (94106LBW8) 55,000.0000 QTY 56,203 56,203
WESTPAC BKG CORP 3.735% 08/26/25 (961214FA6) 60,000.0000 QTY 58,997 58,997
WILLIS NORTH AMER INC 5.350% 05/15/33 (970648AM3) 30,000.0000 QTY 30,331 30,331

TY 2023 InvestmentsCorpStockSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Name of Stock End of Year Book Value End of Year Fair Market Value
3I GROUP PLC ADR (TGOPY) 1,415.0000 SHARES 22,003 22,003
3M CO (MMM) 131.0000 SHARES 14,321 14,321
A P MOLLER MAERSK AS (AMKBY) 1,015.0000 SHARES 9,054 9,054
ABBOTT LABS COM (ABT) 85.000 SHARES 9,356 9,356
ABBVIE INC (ABBV) 237.0000 SHARES 36,728 36,728
ABN AMRO BK N V AMSTERDAM 848.0000 SHARES 12,703 12,703
ACCENTURE PLC IRELAND CLASS (ACN) 230.000 SHARES 80,709 80,709
ACCO BRANDS CORP (ACCO) 6,147.0000 SHARES 37,374 37,374
ADDUS HOMECARE CORP COM (ADUS) 234.0000 SHARES 21,727 21,727
ADECCO GROUP AG ADR 687.0000 SHARES 16,969 16,969
ADOBE SYS INC (ADBE) 246.0000 SHARES 146,764 146,764
ADVANCED MICRO DEVICES INC COM (AMD) 142.000 SHARES 20,932 20,932
AEGON LTD NY REGESTRY SHS 2,725.0000 SHARES 15,696 15,696
AFLAC INC COM (AFL) 641.0000 SHARES 52,883 52,883
AGILENT TECHNOLOGIES INC COM (A) 166.0000 SHARES 23,079 23,079
AIA GROUP LTD (AAGIY) 1,294.0000 SHARES 44,863 44,863
AIR LIQUIDE (AIQUY) 1,081.0000 SHARES 42,105 42,105
AIR PRODS & CHEMS INC COM (APD) 153.0000 SHARES 41,891 41,891
AKAMAI TECHNOLOGIES INC (AKAM) 181.0000 SHARES 21,421 21,421
ALCON SA ACT (ALC) 474.0000 SHARES 36,974 36,974
ALIBABA GROUP HLDG LTD (BABA) 344.0000 SHARES 26,663 26,663
ALKERMES PLC SHS 1,058.0000 SHARES 29,349 29,349
ALLIANZ SE (ALIZY) 1,948.000 SHARES 51,992 51,992
ALLSTATE CORP (ALL) 134.000 SHARES 18,757 18,757
ALPHABET INC CAP STK CL C (GOOG) 841.0000 SHARES 118,522 118,522
ALPHABET INC CL A (GOOGL) 1,727.0000 SHARES 241,245 241,245
ALSTOM ADR (ALSMY) 5,409.0000 SHARES 6,978 6,978
AMAZON COM INC (AMZN) 1,455.0000 SHARES 221,073 221,073
AMDOCS LTD (DOX) 257.0000 SHARES 22,588 22,588
AMERESCO INC CL A (AMRC) 373.0000 SHARES 11,813 11,813
AMERICAN EXPRESS COMPANY (AXP) 287.000 SHARES 53,767 53,767
AMERICAN FINL GROUP INC (AFG) 412.000 SHARES 48,983 48,983
AMERICAN INTL GROUP INC COM (AIG) 638.0000 SHARES 43,225 43,225
AMERICAN TOWER CORP (AMT) 625.0000 SHARES 134,925 134,925
AMERICAN WTR WKS CO INC NEW COM (AWK) 219.000 SHARES 28,906 28,906
AMERICOLD RLTY TR COM (COLD) 521.0000 SHARES 15,771 15,771
AMERIPRISE FINL INC COM (AMP) 39.000 SHARES 14,813 14,813
AMERISAFE INC COM (AMSF) 388.0000 SHARES 18,151 18,151
AMGEN INC (AMGN) 159.0000 SHARES 45,795 45,795
ANALOG DEVICES INC (ADI) 257.0000 SHARES 51,030 51,030
ANZ GROUP HLDGS LTD (ANZGY) 2,750.0000 SHARES 48,483 48,483
AON PLC REGISTERED SHS CL A (AON) 35.000 SHARES 10,186 10,186
APPLE INC (AAPL) 2,232.0000 SHARES 429,727 429,727
APPLIED MATERIALS INC (AMAT) 285.0000 SHARES 46,190 46,190
APTARGROUP INC (ATR) 153.000 SHARES 18,914 18,914
APTIV PLC (APTV) 170.000 SHARES 15,252 15,252
ARCH CAPITAL GROUP LTD (ACGL) 136.000 SHARES 10,101 10,101
ARCOSA INC COM (ACA) 429.0000 SHARES 35,453 35,453
ARKEMA SPONSORED ADR (ARKAY) 149.0000 SHARES 16,935 16,935
ASHTEAD GROUP PLC ADR (ASHTY) 104.0000 SHARES 29,562 29,562
ASML HLDG N V N Y REGISTRY SHS (ASML) 105.0000 SHARES 79,477 79,477
ASSA ABLOY (ASAZY) 4,289.0000 SHARES 61,676 61,676
ASSICURAZIONI GENERALI S P A (ARZGY) 823.0000 SHARES 8,699 8,699
ASTRAZENECA PLC (AZN) 1,607.0000 SHARES 108,231 108,231
ASX LTD ADR 506.0000 SHARES 21,685 21,685
AT&T INC (T) 3,515.000 SHARES 58,982 58,982
ATKORE INC COM (ATKR) 326.0000 SHARES 52,160 52,160
ATLAS COPCO (ATLCY) 3,391.000 SHARES 50,628 50,628
ATLASSIAN CORP CL A (TEAM) 274.0000 SHARES 65,174 65,174
AUTOMATIC DATA PROCESSING INC (ADP) 155.0000 36,110 36,110
AUTOZONE INC (AZO) 10.0000 SHARES 25,856 25,856
AVALONBAY CMNTYS INC COM (AVB) 119.000 SHARES 22,279 22,279
AVANGRID INC COM (AGR) 459.000 SHARES 14,876 14,876
AVERY DENNISON CORP (AVY) 167.0000 SHARES 33,761 33,761
AVIENT CORP COM (AVNT) 461.000 SHARES 19,164 19,164
AVIVA PLC (AVVIY) 1,304.000 SHARES 14,318 14,318
AXA SA (AXAHY) 3,596.0000 SHARES 117,535 117,535
AZEK CO INC CL A (AZEK) 662.0000 SHARES 25,322 25,322
AZENTA INC COM (AZTA) 247.0000 SHARES 16,090 16,090
BAKER HUGHES CO CL A (BKR) 489.0000 SHARES 16,714 16,714
BALL CORP (BLL) 290.0000 SHARES 16,681 16,681
BANCO BILBAO VIZCAYA ARGENTARIA SA (BBVA) 3,500.0000 SHARES 31,885 31,885
BANCO SANTANDER SA (SAN) 9,840.0000 SHARES 40,738 40,738
BANK AMER CORP COM (BAC) 4,563.000 SHARES 153,636 153,636
BANK OF NEW YORK MELLON CORP (BK) 359.000 SHARES 18,686 18,686
BARCLAYS PLC (BCS) 2,333.0000 SHARES 18,384 18,384
BARRAT BUSINESS SERVICES INC (BBSI) 329.0000 SHARES 38,098 38,098
BARRAT DEVS PLC ADR (BTDPY) 4,213.0000 SHARES 60,583 60,583
BAXTER INTL INC COM (BAX) 261.000 SHARES 10,090 10,090
BAYER AG (BAYRY) 2,258.0000 SHARES 20,841 20,841
BAYERISCHE MOTOREN WERKE (BMWYY) 552.000 SHARES 20,545 20,545
BECTON DICKINSON & CO (BDX) 112.0000 SHARES 27,309 27,309
BELLRING BRANDS INC (BRBR) 423.0000 SHARES 23,447 23,447
BEST BUY INC COM (BBY) 89.000 SHARES 6,967 6,967
BIO RAD LABORATORIES INC CL A (BIO) 111.0000 SHARES 35,841 35,841
BIOGEN INC COM (BIIB) 52.000 SHARES 13,456 13,456
BIONTECH SE ADS (BNTX) 232.0000 SHARES 24,485 24,485
BJS WHSL CLUB HLDGS INC COM (BJ) 210.000 SHARES 13,999 13,999
BLACKLINE INC COM (BL) 394.0000 SHARES 24,601 24,601
BLACKROCK INC (BLK) 57.000 SHARES 46,273 46,273
BLACKSTONE INC COM (BX) 500.0000 SHARES 65,460 65,460
BLUEPRINT MEDICINES CORP COM (BPMC) 237.0000 SHARES 21,861 21,861
BNP PARIBAS (BNPQY) 1,274.0000 SHARES 44,259 44,259
BOOKING HLDGS INC (BKNG) 7.000 SHARES 24,831 24,831
BOOT BARN HLDGS INC COM (BOOT) 220.0000 SHARES 16,887 16,887
BORGWARNER INC (BWA) 147.0000 SHARES 5,270 5,270
BOSTON SCIENTIFIC CORP COM (BSX) 229.000 SHARES 13,238 13,238
BOX INC CL A (BOX) 935.0000 SHARES 23,945 23,945
BRIDGESTONE CORP (BRDCY) 655.0000 SHARES 13,460 13,460
BRIGHT HORIZONS FAMILY SOLUTIONS INC DEL COM (BFAM) 148.000 SHARES 13,948 13,948
BRISTOL MYERS SQUIBB CO (BMY) 411.0000 SHARES 21,088 21,088
BROADRIDGE FINL SOLUTIONS INC (BR) 143.0000 SHARES 29,422 29,422
BROOKLINE BANCORP INC (BRKL) 1,517.0000 SHARES 16,550 16,550
BROWN & BROWN INC (BRO) 316.0000 SHARES 22,471 22,471
BYD CO LTD ADR (BYDDY) 682.0000 SHARES 37,694 37,694
C H ROBINSON WORLDWIDE INC (CHRW) 206.0000 SHARES 17,796 17,796
CABLE ONE INC COM (CABO) 13.000 SHARES 7,236 7,236
CACTUS INC CL A (WHD) 515.0000 SHARES 23,381 23,381
CADENCE DESIGN SYS INC (CDNS) 284.0000 SHARES 77,353 77,353
CAMPBELL SOUP CO COM (CPB) 125.000 SHARES 5,404 5,404
CANON INC ADR (CAJPY) 547.0000 SHARES 14,003 14,003
CAPITAL ONE FINL CORP COM (COF) 217.0000 SHARES 28,453 28,453
CARMAX INC (KMX) 79.0000 SHARES 6,062 6,062
CARRIER GLOBAL CORP COM (CARR) 482.000 SHARES 27,691 27,691
CASELLA WASTE SYS INC CL A (CWST) 236.0000 SHARES 20,169 20,169
CBIZ INC COM (CBZ) 231.0000 SHARES 14,458 14,458
CBRE GROUP INC CL A (CBRE) 165.0000 SHARES 15,360 15,360
CELANESE CORP DEL (CE) 52.0000 SHARES 8,079 8,079
CELLNEX TELECOM S A ADR (CLLNY) 1,591.0000 SHARES 31,247 31,247
CENTENE CORP DEL COM (CNC) 195.000 SHARES 14,471 14,471
CENTRAL JAPAN RAILWAY CO (CJPRY) 1,168.0000 SHARES 14,789 14,789
CHARTER COMMUNICATIONS INC (CHTR) 32.0000 SHARES 12,438 12,438
CHEESECAKE FACTORY INC (CAKE) 366.0000 SHARES 12,814 12,814
CHIPOTLE MEXICAN GRILL INC COM (CMG) 43.0000 SHARES 98,339 98,339
CHURCH & DWIGHT CO INC (CHD) 224.0000 SHARES 21,181 21,181
CIE DE SAINT-GOBAIN SHS (CODYY) 1,420.0000 SHARES 20,945 20,945
CIGNA CORP NEW COM (CI) 47.000 SHARES 14,074 14,074
CINTAS CORP COM (CTAS) 14.000 SHARES 8,437 8,437
CISCO SYSTEMS INC (CSCO) 2,013.0000 SHARES 101,697 101,697
CITIGROUP INC (C) 1,128.000 SHARES 58,024 58,024
CITIZENS FINL GROUP INC (CFG) 609.000 SHARES 20,182 20,182
CLOROX CO (CLX) 69.000 SHARES 9,839 9,839
CME GROUP INC COM (CME) 145.000 SHARES 30,537 30,537
CMS ENERGY CORP (CMS) 139.000 SHARES 8,072 8,072
CNH INDL (CNHI) 1,032.0000 SHARES 12,629 12,629
COCA COLA COMPANY (KO) 560.0000 SHARES 33,001 33,001
COGNIZANT TECHNOLOGY SOLUTIONS CORP CL A (CTSH) 195.000 SHARES 14,728 14,728
COLGATE PALMOLIVE CO (CL) 340.0000 SHARES 27,101 27,101
COLUMBIA BKG SYS INC (COLB) 1,429.0000 SHARES 38,126 38,126
COLUMBIA SPORTSWEAR CO (COLM) 211.0000 SHARES 16,783 16,783
COLUMBUS MCKINNON CORP N Y (CMCO) 952.0000 SHARES 37,147 37,147
COMCAST CORP CL A (CMCSA) 1,674.0000 SHARES 73,405 73,405
COMERICA INC (CMA) 289.000 SHARES 16,129 16,129
COMFORT SYS USA INC COM (FIX) 160.0000 SHARES 32,907 32,907
COMMERCE BANCSHARES INC COM (CBSH) 326.0000 SHARES 17,412 17,412
COMMERZBANK AG SPONSORED ADR (CBSH) 1,254.0000 SHARES 14,785 14,785
COMMUNITY HEALTHCARE TR INC (CHCT) 789.000 SHARES 21,019 21,019
CONAGRA BRANDS INC COM (CAG) 294.000 SHARES 8,426 8,426
CONMED CORP COM (CNMD) 160.0000 SHARES 17,522 17,522
CONSOLIDATED EDISON INC (ED)384.000 SHARES 34,932 34,932
COSTCO WHOLESALE CORP (COST) 158.0000 SHARES 104,293 104,293
COVESTRO AG SPONSORED (COVTY) 645.0000 SHARES 18,844 18,844
CREDIT AGRICOLE SA ADR (CRARY) 2,569.0000 SHARES 18,137 18,137
CREDO TECHNOLOGY GROUP HOLDING LIMITED (CRDO) 590.000 SHARES 11,487 11,487
CRODA INTL (COIHY) 1,119.0000 SHARES 37,240 37,240
CSX CORP COM (CSX) 355.000 SHARES 12,308 12,308
CUBESMART (CUBE) 542.0000 SHARES 25,122 25,122
CUMMINS INC (CMI) 123.0000 SHARES 29,467 29,467
CVS HEALTH CORP (CVS) 751.000 SHARES 59,299 59,299
D R HORTON INC COM (DHI) 128.000 SHARES 19,453 19,453
DAIKIN INDS LTD (DKILY) 3,606.0000 SHARES 58,309 58,309
DAIMLER TRUCK HLDG AG (DTRUY) 410.0000 SHARES 7,667 7,667
DAITO TR CONSTR CO LTD (DIFTY) 664.0000 SHARES 19,389 19,389
DAIWA HOUSE IND LTD (DWAHY) 631.0000 SHARES 19,025 19,025
DANA INC (DAN) 1,212.0000 SHARES 17,707 17,707
DANAHER CORP (DHR) 515.000 SHARES 119,140 119,140
DANSKE BK A/S SPONSORED (DNKEY) 1,377.0000 SHARES 18,342 18,342
DARDEN RESTAURANTS INC COM (DRI) 63.000 SHARES 10,351 10,351
DASSAULT SYS S A (DASTY) 716.0000 SHARES 35,098 35,098
DEERE & CO (DE) 192.0000 SHARES 76,775 76,775
DELEK US HLDGS INC (DK) 1,557.0000 SHARES 40,171 40,171
DELTA AIRLINES INC (DAL) 375.0000 SHARES 15,086 15,086
DENTSPLY SIRONA INC (XRAY) 167.000 SHARES 5,944 5,944
DESCARTES SYS GROUP (DSGX) 363.0000 SHARES 30,514 30,514
DEUTSCHE BANK AG NAMEN (DB) 1,369.0000 SHARES 18,550 18,550
DEUTSCHE POST AG (DPSGY) 518.0000 SHARES 25,666 25,666
DEUTSCHE TELEKOM (DTEGY) 6,164.0000 SHARES 148,737 148,737
DEXCOM INC COM (DXCM) 68.000 SHARES 8,438 8,438
DIAMONDROCK HOSPITALITY CO (DRH) 2,012.000 SHARES 18,893 18,893
DISCOVER FINL SVCS COM (DFS) 167.000 SHARES 18,771 18,771
DISNEY WALT CO DISNEY COM (DIS) 535.0000 SHARES 48,305 48,305
DNB BK ASA SPONSORED (DNBBY) 3,460.0000 SHARES 73,629 73,629
DOLBY LABORATORIES INC CL A (DLB) 255.0000 SHARES 21,976 21,976
DOLLAR GEN CORP (DG) 134.000 SHARES 18,217 18,217
DOLLAR TREE INC (DLTR) 66.0000 SHARES 9,375 9,375
DONALDSON INC (DCI) 255.000 SHARES 16,664 16,664
DOVER CORP (DOV) 124.000 SHARES 19,072 19,072
DXC TECHNOLOGY CO (DXC) 506.0000 SHARES 11,572 11,572
DYNATRACE INC (DT) 987.0000 SHARES 53,979 53,979
E ON SE SPONSORED ADR (EONGY) 1,351.0000 SHARES 18,171 18,171
EAST JAPAN RY CO (EJPRY) 1,484.0000 SHARES 14,187 14,187
EAST WEST BANCORP INC (EWBC) 308.000 SHARES 22,161 22,161
EASTGROUP PPTYS INC (EGP) 140.0000 SHARES 25,696 25,696
EASTMAN CHEM CO (EMN) 168.000 SHARES 15,090 15,090
EATON CORPORATION PLC (ETN) 432.000 SHARES 104,034 104,034
EBAY INC COM (EBAY) 290.0000 SHARES 12,650 12,650
ECOLAB INC (ECL) 391.000 SHARES 77,555 77,555
EDP ELECTICIDADE DE PORTUGAL (EDPFY) 374.0000 SHARES 18,877 18,877
EDWARDS LIFESCIENCES CORP (EW) 792.0000 SHARES 60,390 60,390
ELECTRONIC ARTS INC COM (EA) 113.0000 SHARES 15,460 15,460
ELEVANCE HEALTH INC COM (ELV) 197.0000 SHARES 92,897 92,897
EMERSON ELEC CO COM (EMR) 146.0000 SHARES 14,210 14,210
ENAGAS S A ADR (ENGGY) 1,679.0000 SHARES 14,171 14,171
ENEL SOCIETA PER AZIONI (ENLAY) 4,730.0000 SHARES 34,978 34,978
ENSIGN GROUP INC COM (ENSG) 268.0000 SHARES 30,072 30,072
ENVADA PLC ADR (DAVA) 431.0000 SHARES 33,553 33,553
EQUINIX INC COM (EQIX) 37.0000 SHARES 29,799 29,799
ERICSSON L M TEL CO ADR (ERIC) 2,384.0000 SHARES 15,019 15,019
ESSILOR INTL S A (ESLOY) 176.0000 SHARES 17,686 17,686
ETSY INC (ETSY) 106.0000 SHARES 8,591 8,591
EVERCORE INC CL A (EVR) 104.0000 SHARES 17,789 17,789
EVEREST REINSURANCE GROUP LTD (RE) 24.000 SHARES 8,486 8,486
EVERSOURCE ENERGY COM (ES) 230.000 SHARES 14,196 14,196
EXELON CORP COM (EXC) 639.0000 SHARES 22,940 22,940
FACTSET RESH SYS INC (FDS) 45.0000 SHARES 21,467 21,467
FEDEX CORP (FDX) 88.000 SHARES 22,261 22,261
FIFTH THIRD BANCORP COM (FITB) 431.000 SHARES 14,865 14,865
FIRST CTZNS BANCSHARES INC N C CL A (FCNCA) 5.0000 SHARES 7,095 7,095
FIRST SOLAR INC COM (FSLR) 93.0000 SHARES 16,022 16,022
FLOWERS FOODS INC (FLO) 708.0000 SHARES 15,937 15,937
FMC CORP COM NEW (FMC) 60.000 SHARES 3,783 3,783
FORD MOTOR CO DEL COM PAR (F) 1,681.0000 SHARES 20,491 20,491
FORTIVE CORP (FTV) 1,028.000 SHARES 75,692 75,692
FORTREA HLDGS INC (FTRE) 34.0000 SHARES 1,187 1,187
FRESENIUS MED CARE AG (FMS) 680.0000 SHARES 14,164 14,164
FUJIFILM HLDGS CORP (FUJIY) 269.0000 SHARES 16,070 16,070
G III APPAREL GROUP LTD (GIII) 1,342.0000 SHARES 45,601 45,601
GALLAGHER ARTHUR J & CO (AJG) 123.0000 SHARES 27,660 27,660
GARTNER INC COM (IT) 125.0000 SHARES 56,389 56,389
GENERAL MILLS INC COM (GIS) 325.000 SHARES 21,171 21,171
GENERAL MTRS CO COM (GM) 634.000 SHARES 22,773 22,773
GENESCO INC COM (GCO) 533.0000 SHARES 18,767 18,767
GENPACT LTD (G) 285.000 SHARES 9,890 9,890
GENUINE PARTS CO COM (GPC) 40.000 SHARES 5,540 5,540
GILEAD SCIENCES INC COM (GILD) 293.000 SHARES 23,736 23,736
GLOBANT S A COM (GLOB) 109.0000 SHARES 25,940 25,940
GLOBUS MED INC CL A (GMED) 735.000 SHARES 39,168 39,168
GOLDMAN SACHS GROUP INC (GS) 275.000 SHARES 106,087 106,087
GOOSEHEAD INS INC COM CL A (GSHD) 234.0000 SHARES 17,737 17,737
GRAINGER WW INC (GWW) 30.0000 SHARES 24,861 24,861
GREENBRIER COS INC (GBX) 830.0000 SHARES 36,669 36,669
GROUP 1 AUTOMOTIVE INC COM (GPI) 181.0000 SHARES 55,158 55,158
GSK PLC SPONSORED ADR NEW (GSK) 955.000 SHARES 35,392 35,392
HAMILTON LANE INC CL A (HLNE) 297.0000 SHARES 33,692 33,692
HANG LUNG PPTYS LTD (HLPPY) 4,554.0000 SHARES 31,696 31,696
HANNOVER RUECK SE SPONS (HVRRY) 435.0000 SHARES 52,004 52,004
HARTFORD FINL SVCS GROUP INC (HIG) 294.000 SHARES 23,632 23,632
HASBRO INC (HAS) 147.000 SHARES 7,506 7,506
HENKEL AG & CO KGAA (HENKY) 1,721.0000 SHARES 31,064 31,064
HENKEL AG & CO KGAA (HENOY) 312.000 SHARES 6,269 6,269
HENRY JACK & ASSOC INC (JKHY) 62.000 SHARES 10,131 10,131
HERSHEY CO (HSY) 88.0000 SHARES 16,407 16,407
HEWLETT PACKARD ENTERPRISE CO COM (HPE) 681.000 SHARES 11,563 11,563
HEXCEL CORP (HXL) 467.0000 SHARES 34,441 34,441
HILTON WORLDWIDE HLDGS INC COM NEW (HLT) 45.000 SHARES 8,194 8,194
HITACHI LTD (HTHIY) 274.0000 SHARES 39,612 39,612
HOME DEPOT INC (HD) 389.0000 SHARES 134,808 134,808
HONDA MTR LTD (HMC) 1,336.0000 SHARES 41,296 41,296
HOST HOTELS & RESORTS INC (HST) 512.000 SHARES 9,969 9,969
HOULIHAN LOKEY INC CL A (HLI) 255.0000 SHARES 30,577 30,577
HOYA CORP (HOCPY) 463.0000 SHARES 57,653 57,653
HP INC COM (HPQ) 546.000 SHARES 16,429 16,429
HSBC HLDGS PLC SPONS ADR NEW (HSBC) 2,301.0000 SHARES 93,283 93,283
HUBBELL INC (HUBB) 76.0000 SHARES 24,999 24,999
HUMANA INC COM (HUM) 28.000 SHARES 12,819 12,819
HUNT J B TRANS SVCS INC COM (JBHT) 152.000 SHARES 30,360 30,360
HUNTINGTON BANCSHARES INC COM (HBAN) 1,886.0000 SHARES 23,990 23,990
IBERDROLA S A (IBDRY) 757.0000 SHARES 39,743 39,743
IDEX CORP (IEX) 73.000 SHARES 15,849 15,849
IDEXX LABS INC (IDXX) 155.0000 SHARES 86,033 86,033
ILLINOIS TOOL WORKS INC (ITW) 107.000 SHARES 28,028 28,028
ILLUMINA INC (ILMN) 127.0000 SHARES 17,683 17,683
INARI MED INC COM (NARI) 276.0000 SHARES 17,918 17,918
INDEPENDENT BK GROUP INC (IBTX) 614.0000 SHARES 31,240 31,240
INDUSTRIA DE DISENO TEXTIL (IDEXY) 2,918.0000 SHARES 63,875 63,875
INFINEON TECHNOLOGIES AG (IFNNY) 1,094.0000 SHARES 45,784 45,784
ING GROEP N V (ING) 7,976.0000 SHARES 119,800 119,800
INGERSOLL RAND INC COM (IR) 237.000 SHARES 18,330 18,330
INNOSPEC INC COM (IOSP) 167.0000 SHARES 20,581 20,581
INSTEEL INDS INC COM (IIIN) 752.0000 SHARES 28,794 28,794
INTEGRA LIFESCIENCE HLDGS CORP COM NEW (IART) 389.0000 SHARES 16,941 16,941
INTEL CORP (INTC) 2,213.000 SHARES 111,203 111,203
INTERCONTINENTAL EXCHANGE INC COM (ICE) 159.000 SHARES 20,420 20,420
INTERNATIONAL BUSINESS MACHS CORP (IBM) 170.0000 SHARES 27,804 27,804
INTERNATIONAL FLAVORS & FRAGRANCES INC COM (IFF) 264.000 SHARES 21,376 21,376
INTERPUBLIC GROUP COS INC (IPG) 1,608.0000 SHARES 52,485 52,485
INTESA SANPAOLO S P A (ISNPY) 1,555.0000 SHARES 27,275 27,275
INTUIT INCORPORATED (INTU) 227.0000 SHARES 141,882 141,882
INTUITIVE SURGICAL INC (ISRG) 42.000 SHARES 14,169 14,169
INVESCO LTD (IVZ) 1,130.0000 SHARES 20,157 20,157
IQVIA HLDGS INC COM (IQV) 83.000 SHARES 19,205 19,205
J SAINSBURY PLC SPONSORED ADR NEW (JSAIY) 1,066.0000 SHARES 16,363 16,363
JAPAN AIRLS LTD (JAPSY) 1,456.0000 SHARES 14,167 14,167
JOHN BEAN TECHNOLOGIES CORP COM (JBT) 245.0000 SHARES 24,365 24,365
JOHNSON & JOHNSON (JNJ) 453.0000 SHARES 71,003 71,003
JOHNSON CTLS INTL PLC (JCI) 405.0000 SHARES 23,344 23,344
JONES LANG LASALLE INC (JLL) 178.0000 SHARES 33,619 33,619
JP MORGAN CHASE & CO (JPM) 1,110.0000 SHARES 188,811 188,811
JULIUS BAER GROUP LTD ADR (JBAXY) 1,902.0000 SHARES 21,236 21,236
JUNIPER NETWORKS INC (JNPR) 288.000 SHARES 8,490 8,490
KBC GROUP NV (KBCSY) 628.0000 SHARES 20,397 20,397
KDDI CORP (KDDIY) 1,533.0000 SHARES 24,145 24,145
KELLANOVA COM (K) 163.0000 SHARES 9,113 9,113
KERRY GROUP PLC (KRYAY) 443.0000 SHARES 38,756 38,756
KEURIG DR PEPPER INC COM (KDP) 318.000 SHARES 10,596 10,596
KEYCORP NEW COM (KEY) 1,288.000 SHARES 18,547 18,547
KIMBERLY-CLARK CORP COM (KMB) 53.000 SHARES 6,440 6,440
KINSALE CAP GROUP INC COM (KNSL) 56.0000 SHARES 18,755 18,755
KLA CORP COM (KLAC) 21.000 SHARES 12,207 12,207
KOMATSU LTD SPONSORED (KMTUY) 657.0000 SHARES 17,056 17,056
KONE OYJ ADR (KNYJY) 519.0000 SHARES 12,955 12,955
KONINKLIJKE AHOLD NV (ADRNY) 3,104.0000 SHARES 89,085 89,085
KONINKLIJKE PHILIPS N V (PHG) 1,026.0000 SHARES 23,937 23,937
KOPPERS HLDGS INC (KOP) 849.0000 SHARES 43,486 43,486
KROGER CO COM (KR) 381.000 SHARES 17,416 17,416
KUBOTA CORP ADR (KUBTY) 206.0000 SHARES 15,425 15,425
KYOCERA CORP ADR (KYOCY) 289.0000 SHARES 16,918 16,918
LABORATORY CORP AMER HLDGS COM NEW (LH) 34.000 SHARES 7,728 7,728
LAM RESH CORP COM (LRCX) 45.000 SHARES 35,247 35,247
LAMB WESTON HLDGS INC COM (LW) 154.0000 SHARES 16,646 16,646
LANTHEUS HLDGS INC COM (LNTH) 644.0000 SHARES 39,928 39,928
LAUDER ESTEE COS INC CL A (EL) 57.0000 SHARES 8,336 8,336
LEGAL & GEN GROUP PLC (LGGNY) 899.0000 SHARES 14,708 14,708
LENNAR CORP CL A (LEN) 174.0000 SHARES 25,933 25,933
LILLY ELI & CO COM (LLY) 60.0000 SHARES 34,975 34,975
LINDE PLC (LIN) 171.000 SHARES 70,231 70,231
LIVENT CORP COM (LTHM) 856.0000 SHARES 15,391 15,391
LLOYDS BANKING GROUP PLC SPONS ADR (LYG) 9,597.0000 SHARES 22,937 22,937
LOREAL CO (LRLCY) 679.000 SHARES 67,499 67,499
LOWES COS INC COM (LOW) 107.0000 SHARES 23,813 23,813
LPL FINL HLDGS INC COM (LPLA) 101.000 SHARES 22,990 22,990
LULULEMON ATHLETICA INC COM (LULU) 70.0000 SHARES 35,790 35,790
LY CORP ADR (YAHOY) 2,580.0000 SHARES 18,137 18,137
M & T BK CORP COM (MTB) 62.000 SHARES 8,499 8,499
MACOM TECHNOLOGY SOLUTIONS HLDGS (MTSI) 254.0000 SHARES 23,609 23,609
MADDEN STEVEN LTD COM (SHOO) 596.0000 SHARES 25,032 25,032
MALIBU BOATS INC COM CL A (MBUU) 279.000 SHARES 15,295 15,295
MARRIOTT INTL INC NEW CL A (MAR) 77.000 SHARES 17,364 17,364
MARSH & MCLENNAN COS INC COM (MMC) 185.0000 SHARES 35,052 35,052
MARVELL TECHNOLOGY INC COM (MRVL) 967.0000 SHARES 58,320 58,320
MASCO CORP (MAS) 347.0000 SHARES 23,242 23,242
MASTERCARD INC CL A (MA) 141.0000 SHARES 60,138 60,138
MAXIMUM INC COM (MMS) 376.0000 SHARES 31,531 31,531
MAZDA MTR CORP (MZDAY) 3,520.0000 SHARES 18,726 18,726
MCCORMICK & CO INC COM NON VTG (MKC) 368.000 SHARES 25,179 25,179
MEDPACE HLDGS INC (MEDP) 92.0000 SHARES 28,201 28,201
MEDTRONIC PLC (MDT) 789.000 SHARES 64,998 64,998
MERCANTILE BK CORP (MBWM) 1,019.0000 SHARES 41,147 41,147
MERCEDES-BENZ GROUP AG (MBGYY) 4,013.0000 SHARES 69,184 69,184
MERCK & CO INC (MRK) 1,433.0000 SHARES 156,226 156,226
MERCK & CO INC (MRK) 5,524.000 SHARES 602,228 602,228
META PLATFORMS INC CL A (META) 64.0000 SHARES 22,653 22,653
METLIFE INC COM (MET) 408.000 SHARES 26,981 26,981
MGP INGREDIENTS INC NEW COM (MGPI) 293.0000 SHARES 28,866 28,866
MICHELIN COMPAGNIE GENERALE DES ESTABLISH (MGDDY) 938.0000 SHARES 16,846 16,846
MICRON TECHNOLOGY INC COM (MU) 415.0000 SHARES 35,416 35,416
MICROSOFT CORP (MSFT) 1,695.0000 SHARES 637,388 637,388
MIDDLEBY CORP (MIDD) 93.000 SHARES 13,687 13,687
MIMEDX GROUP INC (MDXG) 2,786.0000 SHARES 24,433 24,433
MITSUBISHI ESTATE LTD ADR (MITEY) 1,555.0000 SHARES 21,272 21,272
MIZUHO FINANCIAL GROUP INC (MFG) 8,783.0000 SHARES 30,214 30,214
MKS INSTRS INC COM (MKSI) 331.000 SHARES 34,050 34,050
MODEL N INC COM (MODN) 545.0000 SHARES 14,677 14,677
MODERNA INC (MRNA) 60.000 SHARES 5,967 5,967
MONDELEZ INTL INC CL A (MDLZ) 673.000 SHARES 48,745 48,745
MONOLITHIC PWR SYS INC (MPWR) 122.0000 SHARES 76,955 76,955
MONTROSE ENVIRONMENTAL GROUP INC COM (MEG) 311.0000 SHARES 9,992 9,992
MOODYS CORP (MCO) 73.000 SHARES 28,511 28,511
MS&AD INS GROUP HLDGS (MSADY) 882.0000 SHARES 17,252 17,252
MSCI INC COM (MSCI) 149.0000 SHARES 84,282 84,282
MURAL ONCOLOGY PUB LTD 105.0000 SHARES 622 622
MURATA MFG CO LTD (MRAAY) 1,782.0000 SHARES 18,809 18,809
NASDAQ INC COM (NDAQ) 87.000 SHARES 5,058 5,058
NATERA INC COM (NTRA) 403.0000 SHARES 25,244 25,244
NATIONAL AUSTRALIA BANK LTD (NABZY) 3,630.0000 SHARES 37,825 37,825
NATIONAL GRID PLC (NGG) 421.0000 SHARES 28,624 28,624
NATIONAL STORAGE AFFILIATES TR (NSA) 402.000 SHARES 16,671 16,671
NATWEST GROUP PLC SPONSORED ADR (NWG) 2,152.0000 SHARES 12,116 12,116
NETAPP INC (NTAP) 287.000 SHARES 25,302 25,302
NETFLIX INC COM (NFLX) 70.0000 SHARES 34,082 34,082
NEW YORK TIMES CO CL A (NYT) 499.000 SHARES 24,446 24,446
NEXSTAR MEDIA GROUP INC CL A (NXST) 272.0000 SHARES 42,636 42,636
NIKE INC CL B (NKE) 811.0000 SHARES 88,050 88,050
NIPPON YUSEN KABUSHIKI KAISHA (NPNYY) 2,778.0000 SHARES 17,418 17,418
NISOURCE INC COM (NI) 212.0000 SHARES 5,629 5,629
NISSAN MOTOR LTD SPON ADR (NSANY) 2,188.0000 SHARES 17,141 17,141
NN GROUP NV (NNGRY) 737.0000 SHARES 14,548 14,548
NOKIA CORP SPONSORED ADR (NOK) 3,332.0000 SHARES 11,395 11,395
NOMURA HLDGS INC SPONSORED (NMR) 5,693.0000 SHARES 25,675 25,675
NORDEA BK ABP (NRDBY) 1,930.0000 SHARES 23,913 23,913
NORDSON CORP (NDSN) 94.0000 SHARES 24,831 24,831
NORTHERN TR CORP (NTRS) 282.0000 SHARES 23,795 23,795
NOVANTA INC (NOVT) 246.000 SHARES 41,429 41,429
NOVARTIS AG (NVS) 1,790.000 SHARES 180,736 180,736
NOVO NORDISK A.S.(NVO) 1,039.0000 SHARES 107,485 107,485
NVIDIA CORP (NVDA) 830.0000 SHARES 411,033 411,033
NXP SEMICONDUCTORS NV COM (NXPI) 148.0000 SHARES 33,993 33,993
OMNICELL INC COM (OMCL) 276.0000 SHARES 10,386 10,386
OMNICOM GROUP INC (OMC) 402.0000 SHARES 34,777 34,777
OMRON CORP SPONSORED ADR (OMRNY) 284.0000 SHARES 13,200 13,200
ONE GAS INC COM (OGS) 296.000 SHARES 18,861 18,861
ONTO INNOVATION INC (ONTO) 466.0000 SHARES 71,251 71,251
OPTION CARE HEALTH INC COM NEW (OPCH) 998.000 SHARES 33,623 33,623
ORACLE CORP COM (ORCL) 245.000 SHARES 25,830 25,830
ORANGE SPONSORED ADR (ORAN) 1,274.0000 SHARES 14,562 14,562
ORGANON & CO COM (OGN) 125.000 SHARES 1,803 1,803
ORIX CORP (IX) 911.0000 SHARES 85,078 85,078
ORSTED A/S (DNNGY) 1,686.0000 SHARES 31,073 31,073
OVERSEA CHINEASE BKG CORP LTD ADR (OVCHY) 4,204.000 SHARES 82,440 82,440
OWENS CORNING NEW COM (OC) 72.0000 SHARES 10,673 10,673
OXFORD INDS INC COM (OXM) 175.0000 SHARES 17,500 17,500
PACCAR INC COM (PCAR) 198.0000 SHARES 19,335 19,335
PACIFIC PREMIER BANCORP (PPBI) 769.0000 SHARES 22,386 22,386
PACKAGING CORP AMER (PKG) 185.000 SHARES 30,138 30,138
PALO ALTO NETWORKS INC COM (PANW) 132.0000 SHARES 38,924 38,924
PALOMAR HLDGS INC COM (PLMR) 225.0000 SHARES 12,488 12,488
PANASONIC HLDGS CORP (PCRFY) 1,346.0000 SHARES 13,245 13,245
PARAMOUNT GLOBAL CL B (PARA) 1,090.0000 SHARES 16,121 16,121
PARKER HANNIFIN CORP (PH) 75.0000 SHARES 34,553 34,553
PATRICK IND INC (PATK) 350.0000 SHARES 35,123 35,123
PAYPAL HLDGS INC (PYPL) 196.0000 SHARES 12,036 12,036
PDF SOLUTIONS INC COM (PDFS) 294.0000 SHARES 9,449 9,449
PEPSICO INC (PEP) 570.0000 SHARES 96,809 96,809
PERSIMMON ADR (PSMMY) 450.0000 SHARES 16,029 16,029
PFIZER INC (PFE) 2,467.0000 SHARES 71,025 71,025
PINNACLE FINL PARTNERS INC (PNFP) 609.000 SHARES 53,117 53,117
PNC FINL SVCS GROUP INC COM (PNC) 349.000 SHARES 54,043 54,043
POWER INTEGRATIONS INC COM (POWI) 242.0000 SHARES 19,871 19,871
PPG INDS INC (PPG) 201.0000 SHARES 30,060 30,060
PRICE T ROWE GROUP INC (TROW) 215.0000 SHARES 23,153 23,153
PRINCIPAL FINL GROUP INC COM (PFG) 156.0000 SHARES 12,273 12,273
PROCTER & GAMBLE CO (PG) 575.000 SHARES 84,261 84,261
PROGRESSIVE CORP OH (PGR) 316.0000 SHARES 50,332 50,332
PROLOGIS INC (PLD) 304.000 SHARES 40,523 40,523
PROSUS N V ADR (PROSY) 4,099.0000 SHARES 24,389 24,389
PRUDENTIAL FINL INC (PRU) 217.000 SHARES 22,505 22,505
PRYSMIAN SPA (PRYMY) 2,596.0000 SHARES 59,137 59,137
PT BK RAKYAT (BKRKY) 2,096.0000 SHARES 38,399 38,399
PUBLICIS S A NEW SPONS ADR (PUBGY) 692.0000 SHARES 16,043 16,043
PULTEGROUP INC COM (PHM) 153.000 SHARES 15,793 15,793
QUALCOMM INC (QCOM) 114.000 SHARES 16,488 16,488
QUANTA SVCS INC COM (PWR) 87.0000 SHARES 18,775 18,775
QUEST DIAGNOSTICS INC COM (DGX) 50.000 SHARES 6,894 6,894
RAMBUS INC DEL COM (RMBS) 318.0000 SHARES 21,704 21,704
RAYMOND JAMES FINL INC (RJF) 156.0000 SHARES 17,394 17,394
RECKITT BENCKISER PLC SPONSORED (RBGLY) 866.0000 SHARES 11,899 11,899
REDEIA CORPORACION S A ADR (RDEIY) 1,609.0000 SHARES 13,210 13,210
REGAL REXNORD CORP COM (RRX) 35.000 SHARES 5,181 5,181
REGENCY CTRS CORP (REG) 142.000 SHARES 9,514 9,514
REGENERON PHARMACEUTICALS INC (REGN) 22.0000 SHARES 19,322 19,322
REGIONS FINL CORP NEW COM (RF) 595.000 SHARES 11,531 11,531
REINSURANCE GROUP AMER INC (RGA) 311.000 SHARES 50,314 50,314
RELIANCE STL & ALUM CO (RS) 202.0000 SHARES 56,495 56,495
RENAULT S A ADR (RNLSY) 1,727.0000 SHARES 14,006 14,006
REPUBLIC SVCS INC COM (RSG) 40.000 SHARES 6,596 6,596
REVVITY INC COM (RVTY) 162.0000 SHARES 17,708 17,708
REXEL SA ADR (RXEEY) 1,566.0000 SHARES 43,441 43,441
RIVIAN AUTOMOTIVE INC CL A (RIVN) 604.0000 SHARES 14,170 14,170
RLJ LODGING TR L P COM (RLJ) 2,157.0000 SHARES 25,280 25,280
ROBERT HALF INTL INC (RHI) 232.0000 SHARES 20,397 20,397
ROCHE HLDGS LTD (RHHBY) 5,255.0000 SHARES 190,389 190,389
ROCKWELL AUTOMATION INC (ROK) 105.000 SHARES 32,600 32,600
ROSS STORES INC (ROST) 131.0000 SHARES 18,129 18,129
ROYAL KPN N V SPONS ADR (KKPNY) 3,842.0000 SHARES 13,140 13,140
S&P GLOBAL INC (SPGI) 68.000 SHARES 29,955 29,955
SAGE GROUP PLC ADR NEW (SGPYY) 502.0000 SHARES 30,110 30,110
SAIA INC COM (SAIA) 59.0000 SHARES 25,855 25,855
SALESFORCE.COM INC (CRM) 141.0000 SHARES 37,103 37,103
SAMPO OYJ (SAXPY) 3,380.000 SHARES 73,819 73,819
SANDOZ GROUP AG SPONSORED ADS (SDZNY) 358.0000 SHARES 11,460 11,460
SANFILIPPO JOHN B & SON INC (JBSS) 303.0000 SHARES 31,221 31,221
SANOFI SPONS ADR (SNY) 1,357.0000 SHARES 67,484 67,484
SAP AE (SAP) 418.0000 SHARES 64,619 64,619
SCHEIN HENRY INC (HSIC) 324.0000 SHARES 24,530 24,530
SCHNEIDER (SBGSY) 2,462.000 SHARES 99,046 99,046
SCHWAB CHARLES CORP (SCHW) 851.0000 SHARES 58,549 58,549
SEACOAST BKG CORP FLA COM (SBCF) 940.0000 SHARES 26,752 26,752
SEIKO EPSON CORP UNSPONSORED ADR (SEKEY) 1,923.0000 SHARES 14,249 14,249
SELECTIVE INS GROUP INC COM (SIGI) 146.0000 SHARES 14,524 14,524
SEMPRA ENERGY (SRE) 118.0000 SHARES 8,818 8,818
SENSATA TECHNOLOGIES HOLDING PLC (ST) 469.0000 SHARES 17,620 17,620
SERVICENOW INC (NOW) 205.0000 SHARES 144,830 144,830
SHAKE SHACK INC CL A (SHAK) 207.0000 SHARES 15,343 15,343
SHERWIN WILLIAMS CO (SHW) 70.0000 SHARES 21,833 21,833
SHISEIDO LTD SPON ADR (SSDOY) 748.0000 SHARES 22,470 22,470
SIEMENS A G (SIEGY) 802.0000 SHARES 75,019 75,019
SILGAN HLDGS INC COM (SLGN) 165.0000 SHARES 7,466 7,466
SILICON LABORATORIES INC COM (SLAB) 152.0000 SHARES 20,105 20,105
SIMPLY GOOD FOODS CO COM (SMPL) 540.0000 SHARES 21,384 21,384
SIMPSON MFG INC COM (SSD) 134.0000 SHARES 26,529 26,529
SINGAPORE TELECOMMUNICATIONS LTD (SGAPY) 1,334.0000 SHARES 24,932 24,932
SITEONE LANDSCAPE SUPPLY INC COM (SITE) 122.0000 SHARES 19,825 19,825
SITIME CORP COM (SITM) 145.0000 SHARES 17,702 17,702
SKF AB ADR (SKFRY) 720.0000 SHARES 14,432 14,432
SMUCKER J M CO (SJM) 237.0000 SHARES 29,952 29,952
SMURFIT KAPPA GROUP PLC ADR (SMFKY) 347.0000 SHARES 13,578 13,578
SNAM S P A ADR (SNMRY) 1,328.0000 SHARES 13,678 13,678
SNAP ON INC COM (SNA) 140.000 SHARES 32,928 32,928
SOCIETE GENERALE FRANCE SPON (SCGLY) 2,903.0000 SHARES 15,589 15,589
SOFTBANK MOBILE SVCS CORP (SOBKY) 1,105.000 SHARES 13,642 13,642
SONIC HEALTHCARE LTD SPONSORED ADR (SKHHY) 710.0000 SHARES 15,443 15,443
SONY GROUP CORP AMERN SH NEW (SONY) 618.0000 SHARES 58,518 58,518
SOUTH ST CORP (SSB) 263.000 SHARES 22,210 22,210
SOUTHWEST GAS HLDGS INC (SWX) 922.0000 SHARES 58,409 58,409
SPARK NEW ZEALAND LTD SPONS ADR (SPKKY) 863.0000 SHARES 14,119 14,119
SPROUT SOCIAL INC COM CL A (SPT) 356.0000 SHARES 21,873 21,873
SSE PLC (SSEZY) 3,836.0000 SHARES 92,141 92,141
STAG INDL INC (STAG) 769.000 SHARES 30,191 30,191
STANDARD CHARTERED (SCBFY) 800.0000 SHARES 13,536 13,536
STANLEY BLACK & DECKER INC (SWK) 104.000 SHARES 10,202 10,202
STARBUCKS CORP (SBUX) 740.0000 SHARES 71,047 71,047
STATE STR CORP (STT) 155.000 SHARES 12,006 12,006
STEEL DYNAMICS INC COM (STLD) 91.0000 SHARES 10,747 10,747
STELLANTIS N V SHS (STLA) 860.000 SHARES 20,090 20,090
STEPSTONE GROUP INC CL A (STEP) 509.000 SHARES 20,530 20,530
STOCK YDS BANCORP INC (SYBT) 253.0000 SHARES 13,027 13,027
STRYKER CORP (SYK) 69.000 SHARES 20,663 20,663
SUMITOMO CHEM CO LTD USPON ADR (SOMMY) 830.0000 SHARES 10,046 10,046
SUMITOMO ELEC INDS LTD ADR (SMTOY) 1,264.0000 SHARES 15,952 15,952
SUMITOMO MITSUI FINL GROUP INC (SMFG) 3,701.0000 SHARES 35,826 35,826
SUMITOMO MITSUI TR HLDGS INC SPONS ADR (SUTNY) 6,189.0000 SHARES 23,354 23,354
SUN HUNG KAI PPTYS LTD ADR NEW (SUHJY) 1,300.0000 SHARES 14,040 14,040
SUPER MICRO COMPUTER INC COM (SMCI) 90.0000 SHARES 25,583 25,583
SURGERY PARTERS INC COM (SGRY) 461.0000 SHARES 14,747 14,747
SUZUKI MTR CORP ADR (SZKMY) 110.0000 SHARES 18,740 18,740
SWATCH GROUP AG (SWGAY) 536.0000 SHARES 7,268 7,268
SWEDBANK A B SPONS ADR (SWDBY) 783.0000 SHARES 15,758 15,758
SWIRE PACIFIC LTD SPONS ADR (SWRAY) 1,637.0000 SHARES 13,767 13,767
SWISS RE LTD SPONS ADR (SSREY) 542.0000 SHARES 15,252 15,252
SWISSCOM SPON ADR (SCMWY) 213.0000 SHARES 12,818 12,818
SYNCHRONY FINL COM (SYF) 283.000 SHARES 10,808 10,808
SYSCO CORP COM (SYY) 621.000 SHARES 45,414 45,414
TAIWAN SEMICONDUCTOR MFG CO (TSM) 411.000 SHARES 26,936 26,936
TAKEDA PHARMACEUTICAL CO (TAK) 1,828.0000 SHARES 26,086 26,086
TARGET CORP COM (TGT) 487.000 SHARES 69,359 69,359
TAYLOR MORRISON HOME CORP (TMHC) 720.0000 SHARES 38,412 38,412
TDK CORP (TTDKY) 816.0000 SHARES 38,613 38,613
TE CONNECTIVITY LTD (TEL) 183.0000 SHARES 25,712 25,712
TECHNIPFMC LIMITED REGISTERED 1,567.0000 SHARES 31,559 31,559
TELEFLEX INC COM (TFX) 47.000 SHARES 11,719 11,719
TELEFONICA S A (TEF) 3,507.0000 SHARES 13,677 13,677
TELIA A B ADR (TLSNY) 2,751.0000 SHARES 13,920 13,920
TENARIS S A (TS) 432.0000 SHARES 15,016 15,016
TERNA RETE ELETTRICA NAZIONALE (TEZNY) 607.0000 SHARES 15,190 15,190
TERRENO RLTY CORP COM (TRNO) 390.0000 SHARES 24,441 24,441
TESCO PLC SPONSORED ADR (TSCDY) 1,582.0000 SHARES 17,655 17,655
TESLA INC (TSLA) 230.0000 SHARES 57,150 57,150
TETRA TECH INC NEW COM (TTEK) 254.0000 SHARES 42,400 42,400
TEVA PHARMACEUTICAL INDUSTRIES LTD (TEVA) 1,283.0000 SHARES 13,395 13,395
TEXAS INSTRS INC COM (TXN) 242.0000 SHARES 41,251 41,251
TEXAS ROADHOUSE INC (TXRH) 241.000 SHARES 29,457 29,457
THERMO FISHER SCIENTIFIC INC (TMO) 244.000 SHARES 129,513 129,513
TJX COS INC (TJX) 892.0000 SHARES 83,679 83,679
T-MOBILE US INC COM (TMUS) 59.000 SHARES 9,459 9,459
TOPBUILD CORP (BLD) 85.0000 SHARES 31,812 31,812
TORAY INDS INC ADR (TRYIY) 1,283.0000 SHARES 13,212 13,212
TOYOTA INDS CORP ADR (TYIDY) 257.0000 SHARES 20,863 20,863
TOYOTA MTR CO (TM) 308.0000 SHARES 56,481 56,481
TRACTOR SUPPLY CO (TSCO) 101.000 SHARES 21,718 21,718
TRANE TECHNOLOGIES PLC (TT) 324.000 SHARES 79,024 79,024
TRANSMEDICS GROUP INC COM (TMDX) 137.0000 SHARES 10,813 10,813
TRAVELERS COS INC COM (TRV) 331.000 SHARES 63,052 63,052
TREX CO INC COM (TREX) 173.0000 SHARES 14,323 14,323
TRICO BANCSHARES (TCBK) 656.0000 SHARES 28,188 28,188
TRUIST FINL CORP COM (TFC) 770.000 SHARES 28,428 28,428
UBER TECHNOLOGIES INC COM (UBER) 1,750.0000 SHARES 107,748 107,748
UBS GROUP (UBS) 2,246.0000 SHARES 69,401 69,401
UMH PPTYS INC (UMH) 1,045.0000 SHARES 16,009 16,009
UNICREDIT SPA (UNCRY) 2,234.0000 SHARES 30,427 30,427
UNILEVER PLC (UL) 3,427.000 SHARES 166,141 166,141
UNION PAC CORP (UNP) 162.0000 SHARES 39,790 39,790
UNITED CMNTY BK BLAIRSVILLE GA (UCBI) 434.0000 SHARES 12,699 12,699
UNITED OVERSEAS BK LTD (UOVEY) 359.0000 SHARES 15,538 15,538
UNITED PARCEL SVC INC CL B (UPS) 519.000 SHARES 81,602 81,602
UNITED RENTALS INC COM (URI) 31.000 SHARES 17,776 17,776
UNITED UTILS GROUP PLC SPON ADR (UUGRY) 816.0000 SHARES 22,399 22,399
UNITEDHEALTH GROUP INC COM (UNH) 409.0000 SHARES 215,326 215,326
UNUM GROUP COM (UNM) 441.0000 SHARES 19,942 19,942
UPM KYMMENE CORP (UPMMY) 389.0000 SHARES 14,656 14,656
US BANCORP DEL COM NEW (USB) 1,014.0000 SHARES 43,886 43,886
V F CORP COM (VFC) 176.000 SHARES 3,309 3,309
VAXCYTE INC COM (PCVX) 380.0000 SHARES 23,864 23,864
VENTAS INC (VTR) 200.000 SHARES 9,968 9,968
VEOLIA ENVIRONMENT SPONSORED ADR (VEOEY) 980.0000 SHARES 15,466 15,466
VERALTO CORP COM (VLTO) 389.0000 SHARES 31,999 31,999
VERISK ANALYTICS INC (VRSK) 542.000 SHARES 129,462 129,462
VERITEX HLDGS INC (VBTX) 1,028.0000 SHARES 23,922 23,922
VERIZON COMMUNICATIONS INC COM (VZ) 2,936.000 SHARES 110,687 110,687
VERTEX PHARMACEUTICALS INC COM (VRTX) 46.000 SHARES 18,717 18,717
VESTAS WIND SYS (VWDRY) 4,345.0000 SHARES 45,579 45,579
VINCI S A ADR (VCISY) 1,217.0000 SHARES 38,384 38,384
VISA INC COM CL A (V) 656.0000 SHARES 170,790 170,790
VODAFONE GROUP PLC (VOD) 2,524.0000 SHARES 21,959 21,959
VOLKSWAGEN A G ADR (VWAGY) 297.000 SHARES 3,855 3,855
VOLKSWAGEN A G ADR (VWAPY) 1,021.0000 SHARES 12,528 12,528
VOLVO AB ADR (VLVLY) 2,769.0000 SHARES 71,842 71,842
VONOVIA SE ADR (VONOY) 1,619.0000 SHARES 25,410 25,410
VULCAN MATLS CO COM (VMC) 30.0000 SHARES 6,810 6,810
WABTEC COM (WAB) 191.000 SHARES 24,238 24,238
WALMART INC COM (WMT) 431.0000 SHARES 67,947 67,947
WARNER BROS DISCOVERY INC COM SER A (WBD) 1,045.0000 SHARES 11,892 11,892
WASTE MGMT INC DEL COM (WM) 287.000 SHARES 51,402 51,402
WEC ENERGY GROUP INC COM (WEC) 143.0000 SHARES 12,036 12,036
WELLS FARGO & CO (WFC) 1,404.0000 SHARES 69,105 69,105
WEST JAPAN RY CO ADR (WJRYY) 340.0000 SHARES 14,164 14,164
WEST PHARMACEUTICAL SVCS INC (WST) 210.0000 SHARES 73,945 73,945
WESTERN DIGITAL CORP COM (WDC) 142.0000 SHARES 7,437 7,437
WHITBREAD PLC SPONS ADR (WTBDY) 1,311.0000 SHARES 15,215 15,215
WILLIAMS SONOMA INC (WSM) 145.0000 SHARES 29,258 29,258
WILLIS TOWERS WATSON PUB LTD (WTW) 28.000 SHARES 6,754 6,754
WK KELLOGG CO COM (KLG) 40.0000 SHARES 526 526
WORKIVA INC COM CL A (WK) 298.0000 SHARES 30,256 30,256
WPP PLC NEW ADR (WPP) 261.0000 SHARES 12,416 12,416
WSFS FINL CORP (WSFS) 575.0000 SHARES 26,410 26,410
XENCOR INC COM (XNCR) 533.0000 SHARES 11,316 11,316
XYLEM INC (XYL) 112.000 SHARES 12,808 12,808
YAMAHA CORP (YAMCY) 642.0000 SHARES 14,715 14,715
YUM BRANDS INC (YUM) 106.0000 SHARES 13,850 13,850
ZURICH INS GROUP LTD (ZURVY) 869.0000 SHARES 45,436 45,436

TY 2023 InvestmentsGovtObligationsSch
Name:
MERCK FAMILY FUND
EIN:
22-6063382
US Government Securities - End of Year Book Value:

3,656,962
US Government Securities - End of Year Fair Market Value:

3,656,962
State & Local Government Securities - End of Year Book Value:


1,239,664
State & Local Government Securities - End of Year Fair Market Value:


1,239,664


TY 2023 InvestmentsOtherSchedule2
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACRE VENTURE PARTNERS II, LP FMV 354,222 354,222
ACRE VENTURE PARTNERS III, LP FMV 153,727 153,727
AMG TIMESSQUARE INTERNATIONAL SMALL CAP CL I (TQTIX) 130,969.3380 SHARES FMV 1,872,862 1,872,862
BLOCPOWER ENERGY, LLC 4.00% 12/31/31 91,671 QTY FMV 83,009 83,009
BOSTON IMPACT INITIATIVE FUND 4.00% 12/01/25 25,000 QTY FMV 25,000 25,000
BOSTON TRUST WALDEN SMID-CAP FUND (WASMX) 18,554.2410 SHARES FMV 421,181 421,181
CALVERT ABSOLUTE RETURN BOND FUND CLASS I (CUBIX) 148,441.0900 SHARES FMV 2,140,521 2,140,521
CLARUS LIFESCIENCES I, L.P. FMV 105,522 105,522
CLARUS LIFESCIENCES II, L.P. FMV 35,443 35,443
CLEAN GROWTH FUND IV, LP FMV 140,125 140,125
CLEAN GROWTH FUND V, LP FMV 289,192 289,192
CLEAN GROWTH FUND VI, LP FMV 190,903 190,903
DBL PARTNERS III, LP FMV 635,263 635,263
ECOSYSTEM INTEGRITY FUND III, LP FMV 594,360 594,360
ECOSYSTEM INTEGRITY FUND IV, LP FMV 309,732 309,732
ECOSYSTEM INVESTMENT PARTNERS II, LP FMV 80,697 80,697
ECOSYSTEM INVESTMENT PARTNERS III, LP FMV 341,056 341,056
ENERGY IMPACT FUND II, LP FMV 692,001 692,001
ENTERPRISE COMMUNITY IMPACT 1.50% 09/30/26 300,000 QTY FMV 300,000 300,000
FOODSHED CAPITAL 1.50% 11/30/31 100,000 QTY FMV 100,000 100,000
GENERATION IM CLIMATE SOLUTIONS FUND (II) (U.S.), L.P. FMV 59,442 59,442
GENERATION IM CLIMATE SOLUTIONS FUND (U.S.), L.P. FMV 383,207 383,207
GENERATION IM GLOBAL EQUITY FUND, LLC FMV 5,930,996 5,930,996
GENERATION IM SUSTAINABLE SOLUTIONS FUND (IV) (B) I.L.P. FMV 183,094 183,094
GERDING EDLEN GREEN CITIES IV, LP FMV 646,445 646,445
LOCAL ENTERPRISE ASSISTANCE FUND 3.00% 01/15/24 50,000 QTY FMV 50,000 50,000
LOCAL ENTERPRISE ASSISTANCE FUND 3.00% 12/14/24 50,000 QTY FMV 50,000 50,000
MCE SOCIAL CAPITAL 1.75% 12/15/23 500,000 QTY FMV 25,000 25,000
NATURAL CAPITAL INVESTMENT FUND 3.00% 03/20/29 100,000 QTY FMV 100,000 100,000
NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND II LP FMV 1,089,478 1,089,478
NEW ENERGY CAPITAL INFRASTRUCTURE CREDIT FUND LP FMV 97,929 97,929
PHILAIMPACT REINVESTMENT FUND 1.50% 12/31/23 300,000 QTY FMV 300,000 300,000
RBC MARKETS EQUITY FUND CLASS I (REEIX) 339,034.8290 SHARES FMV 4,241,326 4,241,326
RESONANT ENERGY, LLC 5.00% 09/30/26 100,000 QTY FMV 100,000 100,000
ROCKPORT CAPITAL PARTNERS III, LP FMV 7,256 7,256
SJF VENTURES III, LP FMV 316,050 316,050
SJF VENTURES IV, LP FMV 784,113 784,113
SJF VENTURES V, LP FMV 252,803 252,803
SUMMIT PARTNERS SUSTAINABLE OPPORTUNITIES L/S QP FUND, L.P. FMV 3,179,995 3,179,995
SUN INITIATIVE II 3.50% 12/31/25 25,000 QTY FMV 25,000 25,000
SUNWEALTH LOAN COMPANY 4, LLC 5.00% 09/30/24 75,000 QTY FMV 75,000 75,000
THE LYME FOREST FUND IV TE LP FMV 230,260 230,260
THE LYME FOREST FUND V TE LP FMV 415,067 415,067
THEOREM MAIN FUND OFFSHORE, LP FMV 851,687 851,687
WINDSAIL CREDIT FUND, L.P. FMV 228,863 228,863

TY 2023 LegalFeesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL AND ADMINISTRATIVE LEGAL COUNSEL 40,624 0   40,624


TY 2023 OtherAssetsSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED INVESTMENT INCOME 59,949 83,050 83,050
OTHER RECEIVABLES 2,380 586 586
SECURITY DEPOSIT   2,849 2,849


TY 2023 OtherDecreasesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Amount
DEFERRED FEDERAL EXCISE TAX EXPENSE 19,000


TY 2023 OtherExpensesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INSURANCE 4,924 0   4,766
OFFICE EXPENSE AND SUPPLIES 19,633 0   20,435
OTHER INVESTMENT EXPENSES 18,545 18,545   0
THRU SCHEDULE K-1 - OTHER DEDUCTIONS, NET OF UBI 0 275,869   0


TY 2023 OtherIncomeSchedule2
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
THRU SCHEDULE K-1 - ORDINARY BUSINESS INCOME (LOSS), NET OF UBI   -1,111  
THRU SCHEDULE K-1 - NET RENTAL REAL ESTATE INCOME, NET OF UBI   -22,569  
THRU SCHEDULE K-1 - OTHER INCOME (LOSS), NET OF UBI   63,414  
MISCELLANEOUS INVESTMENT INCOME 3,103 3,103 3,103


TY 2023 OtherIncreasesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Amount
UNREALIZED APPRECIATION ON INVESTMENTS 3,587,895


TY 2023 OtherLiabilitiesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Description Beginning of Year - Book Value End of Year - Book Value
DEFERRED FEDERAL EXCISE TAX 259,000 278,000
DEFERRED RENT 2,200 0


TY 2023 OtherProfessionalFeesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY 85,000 85,000   0
INVESTMENT MANAGEMENT 112,036 112,036   0
OTHER PROFESSIONAL FEES 31,662 0   31,662
PROGRAM AND RESEARCH CONSULTANTS 108,000 0   108,000
STRATEGIC PLANNING CONSULTANT 103,433 0   103,433


TY 2023 TaxesSchedule
Name:
MERCK FAMILY FUND
EIN:
22-6063382
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 19,146 0   0
STATE UNRELATED BUSINESS INCOME TAX 9,443 0   0
FOREIGN TAXES WITHHELD 28,262 28,262   0