Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE VERTEX FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)50 NORTHERN AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02210
A Employer identification number

82-3101518
B Telephone number (see instructions)

(617) 961-5104
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$3,179,591J 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) 5,000,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 209,056 209,056  
4 Dividends and interest from securities...      
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 0
b Gross sales price for all assets on line 6a  
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 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0  
11 Other income (attach schedule)....... 0 0 0
12 Total. Add lines 1 through 11........ 5,209,056 209,056 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,017 0 0 1,017
b Accounting fees (attach schedule)....... 0 0 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
599,603 0 0 594,913
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,500 0 0 0
19 Depreciation (attach schedule) and depletion... 0 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
36,783 0 0 36,783
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 639,903 0 0 632,713
25 Contributions, gifts, grants paid....... 8,773,667 9,353,813
26 Total expenses and disbursements. Add lines 24 and 25 9,413,570 0 0 9,986,526
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,204,514
b Net investment income (if negative, enter -0-) 209,056
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 Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 8,022,259 3,179,591 3,179,591
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
0 		0
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 0 0 0
14 Land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
15 Other assets (describe right arrow) 0 0 0
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,022,259 3,179,591 3,179,591
Liabilities 17 Accounts payable and accrued expenses.......... 251,000  
18 Grants payable................. 1,962,461 1,576,176
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 2,213,461 1,576,176
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 5,808,798 1,603,415
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 5,808,798 1,603,415
30 Total liabilities and net assets/fund balances (see instructions). 8,022,259 3,179,591
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
5,808,798
2
Enter amount from Part I, line 27a .....................
2
-4,204,514
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,604,284
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
869
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,603,415
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.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 0
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 0
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 2,906
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,906
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,906
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,416
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 5,000
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 6,416
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 3,510
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow3,510 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
Yes
 
If "Yes," attach the statement required by General Instruction T.Click to see attachment
List of Attached Documents:
// Content
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, DE, MA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
Yes
 
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 arrowKrista Fiedler Telephone no.right arrow (617) 961-5104

Located atright arrow50 Northern AvenueBostonMA ZIP+4right arrow02210
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)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
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)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
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
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Amit Sachdev Chairman and Director
1.000 		0 0 0
50 NORTHERN AVENUE
Boston,MA02210
Nina Devlin Vice Chair and Director
1.000 		0 0 0
50 NORTHERN AVENUE
Boston,MA02210
Eustacia MacNaught Interim Executive Director and Director
15.000 		0 0 0
50 NORTHERN AVENUE
Boston,MA02210
Melodie Knowlton Executive Director and Director
15.000 		0 0 0
50 NORTHERN AVENUE
Boston,MA02210
Katharine Jensen Executive Director and DIRECTOR
15.000 		0 0 0
50 NORTHERN AVENUE
Boston,MA02210
Ana Carolina Santos Director
1.000 		0 0 0
50 NORTHERN AVENUE
Boston,MA02210
Sabine Hadida Director
1.000 		0 0 0
50 NORTHERN AVENUE
Boston,MA02210
Nigel Moss Acting Secretary
1.000 		0 0 0
50 NORTHERN AVENUE
Boston,MA02210
Susan Grieco Treasurer
1.000 		0 0 0
50 NORTHERN AVENUE
Boston,MA02210
Kimberly Roessiger Secretary
1.000 		0 0 0
50 NORTHERN AVENUE
Boston,MA02210
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
 
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
BOSTON CARES INC day of service planning - volunteer assistance 222,250
10 CITY SQUARE
BOSTON,MA02129
BENEVITY INC matching gift program administration 123,653
611 MERIDITH ROAD NE 700
CALGARY,ABT2E2W5
CA
AMERICAN ONLINE GIVING FOUNDATION INC matching gift program administration 112,184
2454 N MCMULLEN BOOTH RD
SUITE 431
CLEARWATER,FL33759
POINTS OF LIGHT FOUNDATION day of service planning - volunteer assistance 94,950
PO BOX 161466
ATLANTA,GA303211466
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
0
b
Average of monthly cash balances.......................
1b
4,774,982
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
4,774,982
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
 
3
Subtract line 2 from line 1d.........................
3
4,774,982
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
71,625
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,703,357
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
235,168
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
235,168
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
2,906
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,906
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
232,262
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
232,262
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
232,262
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
9,986,526
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
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
9,986,526
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 7 232,262
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, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 1,707,402
b From 2019...... 6,629,560
c From 2020...... 15,147,391
d From 2021...... 10,235,960
e From 2022...... 7,643,660
f Total of lines 3a through e ........ 41,363,973
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 9,986,526
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..... 232,262
e Remaining amount distributed out of corpus 9,754,264
5 Excess distributions carryover applied to 2023.   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 51,118,237
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...... 		 
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) ... 		1,707,402
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		49,410,835
10 Analysis of line 9:
a Excess from 2019.... 6,629,560
b Excess from 2020.... 15,147,391
c Excess from 2021.... 10,235,960
d Excess from 2022.... 7,643,660
e Excess from 2023.... 9,754,264
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
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 Online Giving Foundation

2454 N McMullen Booth Rd Suite 431
Clearwater,FL33759 		  PC Donor advised fund matching gifts 2,083,112

Charitable Giving

Union Mine Road Pitts Cleave
Tavistock,DevonPL190NS
UK 		  PC Donor advised fund matching gifts 62,150

UK Online Giving Foundation

Unit 9 Cirencester Office Park
Tetbury Road
Cirencester,GloucestershireGL76JJ
UK 		  PC Donor advised fund matching gifts 75,965

Charities Aid Foundation of America

225 Reinekers Lane Suite 375
Alexandria,VA22314 		  PC Donor advised fund grants 6,167,224

AUSTRALIAN ONLINE GIVING FOUNDATION

Suites 13-15 56 Neridah Street
Chatswood,New South Wales2067
AS 		  PC Donor advised fund matching gifts 1,633

CANADIAN ONLINE GIVING FOUNDATION

5090 Explorer Drive
Unit 203
Mississauga,OntarioL4W4T9
CA 		  PC Donor advised fund matching gifts 9,293

Haus Des Stiftens gGmbH

Landshuter Allee 11
Muenchen,Bayern80637
GM 		  PC Donor advised fund matching gifts 2,194

Abby Shaffer - University of North Carolina at Charlotte

9201 University City Blvd
Charlotte,NC28223 		None I Scholarship Recipient 5,000

Abigail Wahl - Colorado Christian University

8787 W Alameda Ave
Lakewood,CO80226 		None I Scholarship Recipient 5,000

Abigail Leo - Washington and Lee University

204 W Washington Street
Lexington,VA24450 		None I Scholarship Recipient 5,000

Alexa Wiker - Michigan State University

220 Trowbridge Rd
East Lansing,MI48824 		None I Scholarship Recipient 5,000

Alexander Killian - University of Illinois at Urbana-Champaign

601 E John St
Champaign,IL61820 		None I Scholarship Recipient 5,000

Andreanne Laniel - Sherbrooke University

2500 boulof the University
Sherbrooke,QUEBECJ1k2R1
CA 		None I Scholarship Recipient 4,409

Anna Hall - Colorado State University

711 Oval Drive
Fort Collins,CO80521 		None I Scholarship Recipient 5,000

Anthony Silvestri - Mount St Mary's University

16300 Old Emmitsburg Rd
Emmitsburg,MD21727 		None I Scholarship Recipient 5,000

Ashleigh Hoskins - University of Evansville

1800 Lincoln Ave
Evansville,IN47722 		None I Scholarship Recipient 5,000

Ashley Marchant - Abilene Christian University

1600 Campus Ct
Abilene,TX79601 		None I Scholarship Recipient 5,000

Ashley Schellenberg - Taylor University

1846 S Main St
Upland,IN46989 		None I Scholarship Recipient 5,000

Caedmon Kline - Simpson College

701 North C Street
Indianola,IA50125 		None I Scholarship Recipient 5,000

Cassidy Taylor - Eckerd College

4200 54th Avenue South
St Petersburg,FL33711 		None I Scholarship Recipient 5,000

Charlotte Ward - Kenyon College

106 College Park Dr
Gambier,OH43022 		None I Scholarship Recipient 5,000

Claire Johnson - Northeastern University

360 Huntington Ave
Boston,MA02115 		None I Scholarship Recipient 5,000

Elizabeth Nast - University of Arkansas Community College

2005 White Drive
Batesville,AR72501 		None I Scholarship Recipient 5,000

Elizabeth Wheeler - University of Northwestern - St Paul

3003 Snelling Ave N
St Paul,MN55113 		None I Scholarship Recipient 5,000

Ella Gilbert - Utah State University

0500 Old Main Hill
Logan,UT84322 		None I Scholarship Recipient 5,000

Ellie Nordquist - University of California Santa Barbara

1210 Cheadle Hall
Santa Barbara,CA93106 		None I Scholarship Recipient 5,000

Ellison Leo - Trinity College

300 Summit St
Hartford,CT06106 		None I Scholarship Recipient 5,000

Emily Buchanan - San Diego State University

5500 Campanile Dr
San Diego,CA92182 		None I Scholarship Recipient 5,000

Emma Higgins - Franciscan University of Steubenville

1235 University Blvd
Steubenville,OH43952 		None I Scholarship Recipient 5,000

Evan Mahanna - Pace University

One Pace Plaza
Pleasantville,NY10038 		None I Scholarship Recipient 5,000

Faith Ettlich - Gordon College

255 Grapevine Rd
Wenham,MA01984 		None I Scholarship Recipient 5,000

Faith Dunlap - University of Florida

205 Fletcher Drive
Gainesville,FL32611 		None I Scholarship Recipient 5,000

Frances Kiles - University of California Los Angeles

405 Hilgard Avenue
Los Angeles,CA90095 		None I Scholarship Recipient 5,000

Gabrielle Couture - Bentley University

175 Forest St
Waltham,MA02452 		None I Scholarship Recipient 5,000

Garret Smith - Duke University

2127 Campus Drive
Durham,NC27708 		None I Scholarship Recipient 5,000

Grace Lidgett - Grace College

1 Lancer Wy
Winona Lake,IN46590 		None I Scholarship Recipient 5,000

Haley Demanche - Coastal Carolina University

100 Chanticleer Dr E
Conway,SC29528 		None I Scholarship Recipient 5,000

Hannah McLeod - Cleveland State University

2121 Euclid Ave
Cleveland,OH44115 		None I Scholarship Recipient 5,000

Hannah Buck - Eastern Michigan University

900 Oakwood St
Ypsilanti,MI48197 		None I Scholarship Recipient 5,000

Hannah Sheets - Miami University Oxford

501 E High St
Oxford,OH45056 		None I Scholarship Recipient 5,000

Hope Holderle - Southwest Baptist University

1600 University Ave
Bolivar,MO65613 		None I Scholarship Recipient 5,000

Ian Wissel - College of William and Mary

116 Jamestown Road
Williamsburg,VA23185 		None I Scholarship Recipient 5,000

Isabelle Gibbs - University of South Carolina Columbia

1244 Blossom Street
Columbia,SC29208 		None I Scholarship Recipient 5,000

Jacob Greene - University of California San Francisco School of Medicine

533 Parnassus Ave
San Francisco,CA94143 		None I Scholarship Recipient 5,000

Jessie Sylvain - Trinity Western University

22500 University Dr
Langley,BRITISH COLUMBIAV2Y1Y1
CA 		None I Scholarship Recipient 4,409

Jordan Shopp - University of Pittsburgh

4200 Fifth Ave
Pittsburgh,PA15260 		None I Scholarship Recipient 5,000

Josh Marchant - Baylor University

1311 S 5th St
Waco,TX76706 		None I Scholarship Recipient 5,000

Joshua Hilton - Arizona State University

1151 S Forest Ave
Tempe,AZ85281 		None I Scholarship Recipient 5,000

Justin Shopp - New York University

50 West 4th Street
New York,NY10012 		None I Scholarship Recipient 5,000

Justine Pickard - Westfield State University

577 Western Ave
Westfield,MA01086 		None I Scholarship Recipient 5,000

Katherine Rippon - University of Delaware

210 South College Ave
Newark,DE19716 		None I Scholarship Recipient 5,000

Katherine McKee - University of Maryland - School of Medicine

655 W Baltimore Street
Baltimore,MD21201 		None I Scholarship Recipient 5,000

Kayley Eshleman - Messiah University

One College Ave
Mechanicsburg,PA17055 		None I Scholarship Recipient 5,000

Kiley Dion - Dean College

99 Main St
Franklin,MA02038 		None I Scholarship Recipient 5,000

Liam Gallihue - Univ of Maryland College Park

7999 Regents Dr
College Park,MD20742 		None I Scholarship Recipient 5,000

Lillith Rick - Wentworth Institute of Technology

550 Huntington Ave
Boston,MA02115 		None I Scholarship Recipient 5,000

Lindsey Hoskins - University of Saint Francis

2701 Spring Street
Fort Wayne,IN46808 		None I Scholarship Recipient 5,000

Maci Drewry - University of Oklahoma

660 Parrington Oval
Norman,OK73019 		None I Scholarship Recipient 5,000

Mackenzie Robertson - Arizona Western College

2020 S Ave 8 E
Yuma,AZ85365 		None I Scholarship Recipient 5,000

Madelynn Hernandez - University of New Hampshire

Main Street at Garrison Avenue
Durham,NH03824 		None I Scholarship Recipient 5,000

Maggie Jenkins - University of Alabama at Birmingham

1720 University Blvd
Birmingham,AL35294 		None I Scholarship Recipient 5,000

Maia Bumgardner - Luther College

700 College Dr
Decorah,IA52101 		None I Scholarship Recipient 5,000

Makenzie Quick - Sacred Heart University

5151 Park Ave
Fairfield,CT06825 		None I Scholarship Recipient 5,000

Marcelo Salazar-Barragan - University of Texas Medical Branch John Sealy Sc

301 8th St
Galveston,TX77555 		None I Scholarship Recipient 5,000

Maren Denison - University of Iowa

201 S Clinton St
Iowa City,IA52242 		None I Scholarship Recipient 5,000

Marley Robin - University of Toronto

27 Kings College Cir
Mississauga,ONTARIOM5S
CA 		None I Scholarship Recipient 4,409

Mary Samels - Indiana University-Purdue University Indianapolis

420 University Blvd
Indianapolis,IN46202 		None I Scholarship Recipient 5,000

Meagan McGuinness - University of Tulsa

800 S Tucker Dr
Tulsa,OK74104 		None I Scholarship Recipient 5,000

Merrily Tew - University of North Carolina at Chapel Hill

216 Lenoir Dr
Chapel Hill,NC27599 		None I Scholarship Recipient 5,000

Micaela Vaughn - University of Washington

1410 NE Campus Parkway
Seattle,WA98195 		None I Scholarship Recipient 5,000

Monserrat Tejeda-Munoz - University of Georgia

4435 Atlanta Highway
Athens,GA30606 		None I Scholarship Recipient 5,000

Montgomery McBee - University of Kentucky

101 Main Building
Lexington,KY40506 		None I Scholarship Recipient 5,000

Mylie Hammonds - Texas A&M University

400 Bizzell St
College Station,TX77843 		None I Scholarship Recipient 5,000

Nancy Ortiz - University of Illinois at Chicago

1200 West Harrison St
Chicago,IL60607 		None I Scholarship Recipient 5,000

Natalie Taylor - Carrol College

1601 N Benton Ave
Helena,MT59625 		None I SCHOLARSHIP RECIPIENT 2,500

Nicolaj Bucher - University of Calgary

2500 University Dr NW
Calgary,ALBERTAT2N1N4
CA 		None I Scholarship Recipient 4,409

Noah Ettlich - Gordon College

255 Grapevine Rd
Wenham,MA01984 		None I Scholarship Recipient 5,000

Olivia Tripp - University of Massachusetts Boston

100 Morrissey Blvd
Boston,MA02125 		None I Scholarship Recipient 5,000

Owen Bubczyk - University of Delaware

210 South College Ave
Newark,DE19716 		None I Scholarship Recipient 5,000

Owen Kidd - University of Toledo

2801 Bancroft St
Toledo,OH43606 		None I Scholarship Recipient 5,000

Paytin Drollinger - Utah State University

0500 Old Main Hill
Logan,UT84322 		None I Scholarship Recipient 5,000

Payton Siragusa - Judson University

1151 N State St
Elgin,IL60123 		None I Scholarship Recipient 5,000

Rachel Lenger - Clemson University

105 Sikes Hall
Clemson,SC29634 		None I Scholarship Recipient 5,000

Reagan Grady - University of South Florida

4202 E Fowler Ave
Tampa,FL33620 		None I Scholarship Recipient 5,000

Rianna Bhardwaj - Wilfrid Laurier University

75 University Ave W
Waterloo,ONTARION2L3C5
CA 		None I Scholarship Recipient 4,409

Samantha Poche - University of Mississippi

980 Whirlpool Drive
Oxford,MS38677 		None I Scholarship Recipient 5,000

Sara Martins - Endicott College

376 Hale St
Beverly,MA01915 		None I Scholarship Recipient 5,000

Stephanie Johnson - Tufts University School of Medicine

145 Harrison Ave
Boston,MA02111 		None I Scholarship Recipient 5,000

Tanner Eshleman - Messiah University

One College Ave
Mechanicsburg,PA17055 		None I Scholarship Recipient 5,000

Turner DeMott - Texas Christian University

2800 S University Dr
Fort Worth,TX76109 		None I Scholarship Recipient 5,000

Tyler Pelesh - University of Tampa

401 W Kennedy Blvd
Tampa,FL33606 		None I Scholarship Recipient 5,000

Vanessa Veilleux - Universite de Moncton

18 avenue Antonine-Maillet
Moncton,NEW BRUNSWICKE1A3E9
CA 		None I Scholarship Recipient 4,407

AGE UK

FLOOR 7 ONE AMERICA SQUARE
17 CROSSWALL
London   EC3N2LB
UK 		  PC GENERAL SUPPORT 14,901

CHARLES RIVER CONSERVANCY INC

43 THORNDIKE STREET S3-3
Cambridge,MA02141 		  PC GENERAL SUPPORT 2,500

CRADLES TO CRAYONS

281 NEWTONVILLE AVE
Newton,MA02460 		  PC GENERAL SUPPORT 10,000

CRISIS UK

66 COMMERCIAL STREET
London   E16LT
UK 		  PC GENERAL SUPPORT 13,675

ENTHUSE CHARITABLE TRUST

UNIVERSITY OF YORK
York   YO105DD
UK 		  PC GENERAL SUPPORT 254,749

HABITAT FOR HUMANITY GREATER BOSTON INC

434 MASSACHUSETTS AVENUE
Boston,MA02118 		  PC GENERAL SUPPORT 5,000

MYSTIC RIVER WATERSHED ASSOCIATION

20 ACADEMY ST STE 306
ARLINGTON,MA02476 		  PC GENERAL SUPPORT 2,500

OCEAN DISCOVERY INSTITUTE

4255 THORN ST
San Diego,CA92105 		  PC GENERAL SUPPORT 2,000

PINE STREET INN

444 HARRISON AVE
Boston,MA02218 		  PC GENERAL SUPPORT 1,500

SAVE THE HARBOR SAVE THE BAY

212 NORTHERN AVE STE 304W
Boston,MA02110 		  PC GENERAL SUPPORT 3,500

SECOND CHANCE CARS INC

1211 MAIN STREET
Concord,MA01742 		  PC GENERAL SUPPORT 2,600

THOMPSON ISLAND OUTWARD BOUND EDUCATION CENTER

PO BOX 127
Boston,MA02127 		  PC GENERAL SUPPORT 2,500

TOGETHER WE RISE CORP

560 W LAMBERT ROAD
Brea,CA92821 		  PC GENERAL SUPPORT 24,195

TRUSSELL TRUST

UNIT 9 ASHFIELD TRADING ESTATE
ASHFIELD ROAD
Salisbury   SP27HL
UK 		  PC GENERAL SUPPORT 193,670
Total .................................right arrow 3a 9,353,813
bApproved for future payment

AMERICAN ONLINE GIVING FOUNDATION
2454 N MCMULLEN BOOTH RD SUITE 431
CLEARWATER,FL33759 		  PC DONOR ADVISED FUND MATCHING GIFTS 467,219

CHARITIES AID FOUNDATION AMERICA
225 REINEKERS LANE SUITE 375
ALEXANDRIA,VA22314 		  PC DONOR ADVISED FUND GRANTS 444,000
Total ................................. right arrow 3b 911,219
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 ........... 		    14 209,056  
4 Dividends and interest from securities ....          
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 ............ 		         
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) .. 0 209,056 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
209,056
(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: 23017437
Software Version: 2023v5.1


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
THE VERTEX FOUNDATION INC
 
Employer identification number

82-3101518
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
THE VERTEX FOUNDATION INC
  		Employer identification number
82-3101518
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
Vertex Pharmaceuticals Incorporated
 
50 Northern Avenue
 
BOSTON, MA02210

$ 5,000,000


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
(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
THE VERTEX FOUNDATION INC
  		Employer identification number

82-3101518
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
 
$    
(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
THE VERTEX FOUNDATION INC
  		Employer identification number

82-3101518
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: 23017437
Software Version: 2023v5.1

TY 2023 GeneralExplanationAttachment
Name:
THE VERTEX FOUNDATION INC
EIN:
82-3101518
Software ID:
23017437
Software Version:
2023v5.1
Identifier Return Reference Explanation
DISTRIBUTION TO DONOR ADVISED FUNDS - QUALIFIED DISTRIBUTIONS Form 990-PF, Part VI, Section A Line 12 THE VERTEX FOUNDATION (THE "FOUNDATION") WAS CREATED, IN PART, TO FACILITATE A MATCHING GIFTS PROGRAM OFFERED TO VERTEX PHARMACEUTICALS INCORPORATED ("VERTEX") EMPLOYEES AND DIRECTORS. THE FOUNDATION UTILIZES BENEVITY, A THIRD PARTY VENDOR, TO OPERATE THE MATCHING GIFTS PROGRAM. AS IS BENEVITY'S STANDARD PRACTICE, AMOUNTS CONTRIBUTED BY THE FOUNDATION AS MATCHING GIFTS ARE PAID TO DONOR ADVISED FUNDS ("DAF"), WHICH, IN TURN, DISTRIBUTE THE FUNDS TO CHARITABLE ORGANIZATIONS PURSUANT TO PAYMENT RECOMMENDATIONS MADE BY VERTEX EMPLOYEES WHOSE GIFTS ARE BEING MATCHED. THE VERTEX FOUNDATION MATCHING GIFT PROGRAM IS A ONE-FOR-ONE CHARITABLE DONATION MATCHING PROGRAM DESIGNED TO EXTEND THE IMPACT OF VERTEX PHARMACEUTICALS INCORPORATED EMPLOYEES DIRECTORS' DONATIONS TO QUALIFIED NONPROFIT ORGANIZATIONS. AS VERTEX IS A GLOBAL COMPANY, EMPLOYEE DONATIONS TO QUALIFIED ORGANIZATIONS ARE MATCHED BY THE VERTEX FOUNDATION IN FIVE CURRENCIES: USD, GBP, EUR, CAD AND AUD. ELIGIBLE ORGANIZATIONS MUST BE TAX-EXEMPT AND CLASSIFIED AS A "PUBLIC CHARITY" UNDER CODE SECTION 501(C)(3) AND 509(A)(1) OR 509(A)(2), QUALIFY AS A CODE SECTION 501(C)(3) EQUIVALENT ORGANIZATION, OR CONSTITUTE AN UNIT OF A FEDERAL, STATE OR LOCAL GOVERNMENT UNDER CODE SECTION 170(C)(1) TO QUALIFY FOR MATCHING. BENEVITY AND ITS VENDORS PERFORM DUE DILIGENCE ON EACH ORGANIZATION'S ELIGIBILITY TO ENSURE PROSPECTIVE ORGANIZATIONS ARE ELIGIBLE TO RECEIVE MATCHING FUNDS. BEGINNING IN 2020, THROUGH CYBERGRANTS, THE VERTEX FOUNDATION DISBURSED DOMESTIC GRANTS USING THE CHARITIES AID FOUNDATION AMERICA DONOR ADVISED FUND. THE VERTEX FOUNDATION ALSO USED THE CHARITIES AID AMERICA FOUNDATION DAF TO DISBURSE INTERNATIONAL GRANTS WHEN THE FOUNDATION DID NOT DIRECTLY OBTAIN AN EQUIVALENCY DETERMINATION OR EXERCISE EXPENDITURE RESPONSIBILITY. AMOUNTS CONTRIBUTED BY THE FOUNDATION TO DONOR ADVISED FUNDS ARE TRATED AS QUALIFYING DISTRIBUTIONS. IN ALL CASES, AMOUNTS PAID BY THE FOUNDATION TO DONOR ADVISED FUNDS ARE INTENDED AS GENERAL SUPPORT TOWARDS THE CHARITABLE PURPOSES OF EACH ULTIMATE RECIPIENT ORGANIZATION.
DISTRIBUTIONS TO DONOR ADVISED FUNDS Form 990-PF, Part VI, Section A Line 12 IN 2023 THE FOUNDATION MADE DISTRIBUTIONS TO VARIOUS DONOR ADVISED FUNDS LISTED BELOW. THE DISTRIBUTIONS ARE USED TO BENEFIT CHARITIES IN BOTH THE UNITED STATES AND OTHER COUNTRIES, TO FURTHER RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL PURPOSES. VERTEX FOUNDATION GRANTS CHARITIES AID FOUNDATION AMERICA - $6,167,224 SUBTOTAL: $6,167,224 MATCHING GIFTS PROGRAM AMERICAN ONLINE GIVING FOUNDATION - $2,083,112 UK ONLINE GIVING FOUNDATION - $75,965 CHARITABLE GIVING LTD - $62,150 CANADIAN ONLINE GIVING FOUNDATION - $9,293 HAUS DES STIFTENS GMBH - $2,194 AUSTRALIAN ONLINE GIVING FOUNDATION - $1,633 SUBTOTAL: $2,234,346 TOTAL DISTRIBUTIONS: $8,401,570
SUPPLEMENTAL INFORMATION Form 990-PF, Part VII, Line 1 The below persons served as officers for a portion of the 2023 tax year. Details on beginning and ending term dates are noted below. All individuals listed below are also reported on Part VII, Line 1. KATHARINE JENSEN, EXECUTIVE DIRECTOR, ENDING 4/12/2023 EUSTACIA MCNAUGHT, INTERIM EXECUTIVE DIRECTOR, BEGINNING 4/12/2023 - ENDING 9/26/2023 MELODIE KNOWLTON, EXECUTIVE DIRECTOR, BEGINNING 9/26/2023 KIMBERLY ROESSIGER, SECRETARY, ENDING 6/14/2023 NIGEL MOSS, ACTING SECRETARY, BEGINNING 6/14/2023 - ENDING 10/25/2023 KIMBERLY ROESSIGER, SECRETARY, BEGINNING 10/25/2023

TY 2023 LiquidationExplanationStmt
Name:
THE VERTEX FOUNDATION INC
EIN:
82-3101518
Software ID:
23017437
Software Version:
2023v5.1
Statement:
DURING THE NORMAL COURSE OF ITS GRANTMAKING ACTIVITIES, THE ORGANIZATION DISPOSED OF MORE THAN 25% OF ITS ASSETS RESULTING IN A SUBSTANTIAL CONTRACTION. THIS IS NOT PART OF A PLAN OF TERMINATION OR DISSOLUTION. THE FOUNDATION INTENDS TO CONTINUE IN EXISTENCE FOR THE FORESEEABLE FUTURE.


TY 2023 LegalFeesSchedule
Name:
THE VERTEX FOUNDATION INC
EIN:
82-3101518
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 1,017     1,017


TY 2023 OtherDecreasesSchedule
Name:
THE VERTEX FOUNDATION INC
EIN:
82-3101518
Software ID:
23017437
Software Version:
2023v5.1
Description Amount
Foreign Currency Transaction Adjustments 869


TY 2023 OtherExpensesSchedule
Name:
THE VERTEX FOUNDATION INC
EIN:
82-3101518
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DAY OF SERVICE PROMO MATERIALS 34,358     34,358
State filing fees 1,425     1,425
Board Training 1,000     1,000


TY 2023 OtherProfessionalFeesSchedule
Name:
THE VERTEX FOUNDATION INC
EIN:
82-3101518
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BOSTON DAY OF SERVICE 222,250     222,250
POINTS OF LIGHT FOUNDATION 94,950     94,950
AMERICAN ONLINE GIVING FND FEE 116,874     112,184
BENEVITY INC SUBSCRIPTION FEE 123,653     123,653
SCHOLARSHIP AMERICA INC FEE 24,365     24,365
UK ONLINE GIVING FDN FEE 4,985     4,985
CHARITIES AID FDN AMERICA FEE 8,149     8,149
CHARITABLE GIVING FEE 3,676     3,676
HAUS DES STIFTENS GGMBH FEE 115     115
CANADIAN ONLINE GIVING FDN FEE 522     522
AUSTRALIAN ONLINE GIVING FND FEE 64     64


TY 2023 TaxesSchedule
Name:
THE VERTEX FOUNDATION INC
EIN:
82-3101518
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL EXCISE TAX 2,500