TY 2023 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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 03-01-2023 , and ending 02-29-2024

Name of foundation
JAMES W ROLLINS CHARITABLE TRUST #1257898

Number and street (or P.O. box number if mail is not delivered to street address)CO CAMBRIDGE TR CO 75 STATE ST 18
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02109

A Employer identification number

04-6903752

B Telephone number (see instructions)

(617) 441-1548

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$1,393,968J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	31,377		31,377
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		46,991
b	Gross sales price for all assets on line 6a 453,972
7	Capital gain net income (from Part IV, line 2)...			46,991
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	78,368		78,368
13	Compensation of officers, directors, trustees, etc.	6,079		3,647		2,431
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	12,157	12,157		0
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	1,141	633		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	9,548	9,548
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	28,925		25,985	0	2,431
25	Contributions, gifts, grants paid.......	70,000				70,000
26	Total expenses and disbursements. Add lines 24 and 25	98,925		25,985	0	72,431
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-20,557
b	Net investment income (if negative, enter -0-)			52,383
c	Adjusted net income (if negative, enter -0-)...				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	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	40,846	22,454	22,454
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)	172,700
	b	Investments—corporate stock (attach schedule).......	550,434	541,708	1,021,271
	c	Investments—corporate bonds (attach schedule).......	182,041	345,047	335,944
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	19,060	13,439	14,299
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	965,081	922,648	1,393,968
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	2,852
	23	Total liabilities (add lines 17 through 22).........	2,852	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	962,229	922,648
	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).....	962,229	922,648
	30	Total liabilities and net assets/fund balances (see instructions).	965,081	922,648

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

962,229

Enter amount from Part I, line 27a .....................

-20,557

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

941,672

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

19,024

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

922,648

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	25000. ABBVIE INC 2.85% 14 MAY 2023		2020-06-08	2023-05-15
b	19. ALPHABET INC-CL A		2012-12-17	2023-03-15
c	19. AMAZON.COM INC		2014-04-21	2023-03-15
d	25000. AMAZON.COM INC 3.8% 05 DEC 2024		2017-10-03	2024-02-07
e	22. APPLE COMPUTER INC			2023-03-15
	29. APPLE COMPUTER INC		2011-08-10	2024-02-27
	266. BANK OF AMERICA CORPORATION			2023-03-30
	11. BLACKROCK INC			2023-12-13
	15. BRISTOL MYERS SQUIBB		2022-06-24	2023-03-15
	35. BRISTOL MYERS SQUIBB		2023-03-30	2024-02-07
	208. BRISTOL MYERS SQUIBB			2024-02-07
	111. CVS CORP			2023-08-23
	97. CVS CORP		2022-06-24	2023-08-23
	195.614 CAUSEWAY INTERNATL VAL-INST		2023-03-01	2023-03-15
	110.285 CAUSEWAY INTERNATL VAL-INST		2023-03-01	2024-02-14
	324.076 CAUSEWAY INTERNATL VAL-INST		2023-01-17	2024-02-14
	17. CHARTER COMMUNICATIONS INC-A		2023-10-30	2024-02-27
	16. COCA COLA CO		2022-06-24	2023-03-15
	5. DANAHER CORP		2015-10-08	2023-03-15
	5. ECOLAB INC COM		2020-03-18	2023-03-15
	20. EXXON MOBIL CORP		2022-09-06	2023-03-15
	115.207 FIDELITY ADV FOC EM MRK-I		2023-01-17	2023-03-15
	294.717 FIDELITY ADV FOC EM MRK-I		2023-03-01	2024-02-14
	644.862 FIDELITY ADV FOC EM MRK-I			2024-02-14
	220.556 FIDELITY CONSERV INC BND		2019-10-30	2023-03-21
	22. HONEYWELL INTL INC		2016-07-28	2023-06-01
	60. JP MORGAN CHASE & CO			2023-06-01
	105. JPMORGAN EQUITY PREMIUM INCO		2022-11-03	2024-02-01
	6. LOWES COS INC		2015-06-02	2023-03-15
	5. LULULEMON ATHLETICA INC		2020-09-24	2023-03-15
	144.998 MFS RESEARCH INTERNAT-I		2021-09-10	2023-03-15
	994.058 MFS RESEARCH INTERNAT-I			2024-02-14
	23. MC DONALDS CORP			2023-08-23
	20. MICROSOFT CORP		2009-03-18	2023-03-15
	8. NESTLE S A ADR		2005-09-21	2023-03-15
	23. NEXTERA ENERGY INC		2018-08-13	2023-03-15
	11. NOVARTIS AG SPONSORED ADR		2021-08-03	2023-03-15
	87. NOVARTIS AG SPONSORED ADR			2024-02-07
	6. O'REILLY AUTOMOTIVE INC		2012-07-11	2023-08-23
	63. PNC BANK CORP			2023-07-11
	7. PALO ALTO NETWORKS INC		2017-07-10	2023-03-15
	31. PALO ALTO NETWORKS INC		2017-07-10	2023-12-13
	11. PAYPAL HOLDINGS INC		2017-01-06	2023-03-15
	49. PAYPAL HOLDINGS INC		2023-06-01	2024-02-27
	123. PAYPAL HOLDINGS INC		2017-01-06	2024-02-27
	7. PIONEER NATURAL RESOURCES CO			2023-03-15
	47. PIONEER NATURAL RESOURCES CO		2021-02-26	2023-03-30
	36. PIONEER NATURAL RESOURCES CO		2021-02-26	2023-10-30
	581.875 OSTERWEIS STRATEGIC INC FD I		2021-03-30	2023-07-19
	10. PROLOGIS INC		2018-09-20	2023-03-15
	184. REGIONS FINANCIAL CORP		2022-11-09	2023-03-30
	183. RIO TINTO PLC-SPON ADR			2023-10-30
	910.834 T ROWE PR INST FLTNG RT-INST			2023-03-21
	7. SALESFORCE INC		2015-02-17	2023-03-15
	29. SANDOZ GROUP AG			2023-10-12
	.6 SANDOZ GROUP AG		2021-08-04	2023-10-23
	25000. TARGET CORP 3.5% 01 JUL 2024		2015-04-29	2024-02-07
	32000. U.S. TREASURY NOTE/BOND 3.125% 15 NOV			2023-11-20
	23000. U.S. TREASURY NOTE/BOND 2.875% 15 MAY		2022-05-16	2023-11-21
	6000. U.S. TREASURY NOTE/BOND 2.875% 15 JUN		2022-06-27	2023-05-05
	11000. U.S. TREASURY NOTE/BOND 2.875% 15 JUN		2022-06-27	2023-07-19
	5. UNITED HEALTH GROUP		2016-09-21	2023-03-15
	8. VERISK ANALYTICS INC		2022-02-04	2023-03-15
	26. VERISK ANALYTICS INC			2023-07-25
	12. VISA INC-CLASS A SHARES		2015-02-04	2023-03-15
	33. VISA INC-CLASS A SHARES		2015-02-04	2023-03-30
	25000. VISA INC 3.15% 14 DEC 2025		2017-03-20	2023-11-06
	8. WASTE MGMT INC DEL		2021-03-24	2023-03-15
	11. EATON CORP PLC		2022-02-14	2023-03-15
	19. EATON CORP PLC		2022-02-14	2023-12-13
	3. LINDE PLC		2016-03-23	2023-03-15
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	25,000	25,000
b	1,769	342	1,427
c	1,782	312	1,470
d	24,743	25,221	-478
e	3,312	1,298	2,014
	5,224	382	4,842
	7,512	8,630	-1,118
	8,476	3,362	5,114
	1,000	1,178	-178
	1,701	2,390	-689
	10,111	13,166	-3,055
	7,353	10,294	-2,941
	6,425	9,167	-2,742
	3,300	3,451	-151
	2,082	1,945	137
	6,119	5,658	461
	4,927	6,640	-1,713
	956	1,004	-48
	1,200	338	862
	796	806	-10
	2,044	1,905	139
	3,000	3,350	-350
	8,214	8,158	56
	17,972	18,053	-81
	2,206	2,217	-11
	4,263	2,430	1,833
	8,258	6,409	1,849
	5,855	5,622	233
	1,175	423	752
	1,445	1,587	-142
	3,000	3,764	-764
	22,625	23,787	-1,162
	6,480	3,795	2,685
	5,281	337	4,944
	930	231	699
	1,719	988	731
	900	1,018	-118
	9,006	7,612	1,394
	5,688	526	5,162
	7,976	3,422	4,554
	1,283	322	961
	9,677	1,424	8,253
	796	455	341
	2,940	3,114	-174
	7,380	5,091	2,289
	1,295	1,255	40
	9,480	6,999	2,481
	8,598	5,361	3,237
	6,220	6,610	-390
	1,193	671	522
	3,360	4,141	-781
	11,752	14,628	-2,876
	8,361	8,721	-360
	1,266	435	831
	845	713	132
	19	15	4
	24,808	25,062	-254
	30,078	32,771	-2,693
	20,468	23,016	-2,548
	5,879	5,953	-74
	10,614	10,930	-316
	2,310	697	1,613
	1,431	1,585	-154
	6,160	5,027	1,133
	2,586	798	1,788
	7,339	2,193	5,146
	23,958	25,026	-1,068
	1,230	1,003	227
	1,802	1,668	134
	4,483	2,881	1,602
	984	490	494
			552
			552
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			552

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
b			1,427
c			1,470
d			-478
e			2,014
			4,842
			-1,118
			5,114
			-178
			-689
			-3,055
			-2,941
			-2,742
			-151
			137
			461
			-1,713
			-48
			862
			-10
			139
			-350
			56
			-81
			-11
			1,833
			1,849
			233
			752
			-142
			-764
			-1,162
			2,685
			4,944
			699
			731
			-118
			1,394
			5,162
			4,554
			961
			8,253
			341
			-174
			2,289
			40
			2,481
			3,237
			-390
			522
			-781
			-2,876
			-360
			831
			132
			4
			-254
			-2,693
			-2,548
			-74
			-316
			1,613
			-154
			1,133
			1,788
			5,146
			-1,068
			227
			134
			1,602
			494

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	46,991
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 ...................		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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	728
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	728
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	728
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	1,176
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

7	Total credits and payments. Add lines 6a through 6d..............		7	1,176
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	448
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax448	Refunded	11	0

Form 990-PF (2023)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

The books are in care of right arrow

CAMBRIDGE TRUST COMPANY Telephone no. right arrow

(617) 441-1548

Located at right arrow

75 STATE STREET 18TH FLBOSTONMA ZIP+4 right arrow

02109

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(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)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2023)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
Cambridge Trust Company	TRUSTEE 1	3,039
75 STATE STREET 18TH FL BOSTON,MA02109	TRUSTEE 1	3,039
LAWRENCE B COHEN ESQ	Co-Trustee 1	3,040
100 Summer Street Boston,MA02110	Co-Trustee 1	3,040

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...................				0

Form 990-PF (2023)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2023)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,280,173

Average of monthly cash balances.......................

77,439

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

1,357,612

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,357,612

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

20,364

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

1,337,248

Minimum investment return. Enter 5% (0.05) of line 5................

66,862

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.)

Minimum investment return from Part IX, line 6..................

66,862

Tax on investment income for 2022 from Part V, line 5.......

728

Income tax for 2022. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

728

Distributable amount before adjustments. Subtract line 2c from line 1............

66,134

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

66,134

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

66,134

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

72,431

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

72,431

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					66,134
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......				66,074
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2022:
a From 2018......	0
b From 2019......	0
c From 2020......	0
d From 2021......	0
e From 2022......	0
f Total of lines 3a through e ........		0
4Qualifying distributions for 2023 from Part
XI, line 4: $ 72,431
a Applied to 2022, but not more than line 2a				66,074
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.....					6,357
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2023.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		0
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........					59,777
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		0
10 Analysis of line 9:
a Excess from 2019....	0
b Excess from 2020....	0
c Excess from 2021....	0
d Excess from 2022....	0
e Excess from 2023....	0

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 4942(j)(3) or4942(j)(5)

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	(e) Total

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

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

SMARTERGIVE CO CHRISTINE KENDALL
32 WINTER STREET
WESTON,MA02493
(617) 441-1548

bThe form in which applications should be submitted and information and materials they should include:

WRITTEN

cAny submission deadlines:

APRIL 30TH

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

ORGANIZATIONS THAT PROMOTE ACTIVITIES FOR THE EDUCATION, DEVELOPMENT OR BETTERMENT OF YOUTH

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
ROCA FISCAL YEAR GRANT 101 PARK STREET CHELSEA,MA02150	NONE	N/A	FOR CHARITABLE PURPOSES	35,000
PLUMMER YOUTH PROMISE 37 WINTER ISLAND RD SALEM,MA01970	NONE	PC	GENERAL OPERATING	35,000
Total ................................. 3a				70,000

bApproved for future payment

Total ................................. 3b

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	(e) Related or exempt function income (See instructions.)
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 ...........
4 Dividends and interest from securities ....			14	31,377
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	46,991
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) ..				78,368

13Total. Add line 12, columns (b), (d), and (e)..................

78,368

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2023)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2023 OtherDecreasesSchedule

Name:

JAMES W ROLLINS CHARITABLE TRUST #1257898

EIN:

04-6903752

Description	Amount
BOOK VS TAX COST ADJUSTMENT	16,058
MARCH 2023 TAX EFFECTIVE FEB 2022	1,179
MARCH 2024 TAX EFFECTIVE FEB 2023	494
NONDEDUCTIBLE EXPENSE	1,293

- TIN:

TY 2023 OtherExpensesSchedule

Name:

JAMES W ROLLINS CHARITABLE TRUST #1257898

EIN:

04-6903752

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
GRANT MAKING ADVICE FEE	9,542	9,542		0
ADR FEES	6	6		0

- TIN:

TY 2023 OtherProfessionalFeesSchedule

Name:

JAMES W ROLLINS CHARITABLE TRUST #1257898

EIN:

04-6903752

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED	12,157	12,157

- TIN:

TY 2023 TaxesSchedule

Name:

JAMES W ROLLINS CHARITABLE TRUST #1257898

EIN:

04-6903752

Category	Amount	Net Investment Income
FOREIGN TAXES	267	267
STATE INCOME TAXES - PRINCIPAL	35	35
FEDERAL ESTIMATES - PRINCIPAL	508	0
FOREIGN TAXES ON QUALIFIED FOR	286	286
FOREIGN TAXES ON NONQUALIFIED	45	45