| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Tax compliance | 14,000 | 5,500 | 7,000 | |
| Accounting services | 20,004 | 13,003 | 7,069 | |
| Audit services | 33,807 | 21,975 | 11,832 |
| Grantee's Name | Grantee's Address | Grant Date | Grant Amount | Grant Purpose | Amount Expended By Grantee | Any Diversion By Grantee? | Dates of Reports By Grantee | Date of Verification | Results of Verification |
|---|---|---|---|---|---|---|---|---|---|
|
Home Funders Collaborative LLC |
75 Arlington St Boston,MA02116 |
2003-06-26 | 3,007,500 | The purpose of this program related investment is to make predevelopment and permanent financing loans to qualifying low-income housing developments.Detail of the dates and PRI amounts in the totals above:Date Amount06/26/2003 $ 7,50010/31/2004 $ 135,00012/31/2004 $ 525,00010/31/2005 $ 162,50003/31/2006 $ 450,00005/31/2006 $ 120,00002/28/2007 $ 225,00003/31/2007 $ 202,50006/30/2007 $ 240,00010/29/2008 $ 540,00001/08/2009 $ 400,000 | To the knowledge of the Foundaton, there have been no diversions. | Latest reports received: 05/14/20, 04/29/21, 06/30/22, 03/01/23, 07/24/24 | Home Funders has submitted complete reports since December of 2003 of the type ordinarily required by commercial investors under similar circumstances, including annual audited financial statements. This investment remained on the Foundations books as of 12/31/23. | ||
|
EBNT Holdings LLC (East Boston Neighborhood Trust) |
72 Marginal Street 6th Floor Boston,MA02128 |
2022-09-23 | 1,000,000 | PRI loan for a period of fifteen years. EBNT agreed to use the loan funds to acquire and provide permanently affordable rental housing stock throughout East Boston. | To the knowledge of the Foundaton, there have been no diversions. | Latest reports received: 05/25/23, 04/10/24 | This investment remained on the Foundations books as of 12/31/23. |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| From Sch K-1 (Form 1065) | Purchased | 13,684 | Cost | 0 | 13,684 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990-PF, Part XII, Line 3e | On its 2022 Form 990-PF, the Foundation reported $525,000 in recoveries of amounts treated as qualifying distributions. These amounts were contribution revenues from other charities to fund program initiatives of the Foundation. The 2022 revenues were not recoveries of amounts previously reported as qualifying distributions, so the 2022 excess distributions carried over into 2023, reported on the 2023 990-PF, Part XII Line 3e, have been increased by $525,000. Additionally, cash amounts received from private foundations during 2022 were passed through by way of the out of corpus election to satisfy the requirements imposed by Section 4942(g)(3). |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 263 Adobe Inc | 156,906 | 156,906 |
| 484 Agilent Technologies Inc | 67,291 | 67,291 |
| 2,070 Alphabet Inc Class C | 291,725 | 291,725 |
| 605 American Water Works Company Inc | 79,854 | 79,854 |
| 230 Ameriprise Financial, Inc. | 87,361 | 87,361 |
| 325 Analog Devices, Inc. | 64,532 | 64,532 |
| 273 Aon PLC | 79,448 | 79,448 |
| 2,200 Apple Inc | 423,566 | 423,566 |
| 397 Applied Materials, Inc. | 64,342 | 64,342 |
| 56,092 Ariel Fund Institutional | 3,833,305 | 3,833,305 |
| 1,892 Ball Corp | 108,828 | 108,828 |
| 33 Booking Holdings Inc | 117,058 | 117,058 |
| 182 Broadcom Inc | 203,158 | 203,158 |
| 96,712 Brown Advisory Sustainable Growth Fund Institutional | 4,651,840 | 4,651,840 |
| 112,900 Brown Capital Management Intl Small Company Fund Inst | 2,596,698 | 2,596,698 |
| 1,159 Carrier Global Corp | 66,585 | 66,585 |
| 240,492 CCM Community Impact Bond Fund Institutional | 2,267,841 | 2,267,841 |
| 471 CME Group Inc | 99,193 | 99,193 |
| 690 Colgate-Palmolive Company | 55,000 | 55,000 |
| 698 Consolidated Edison, Inc. | 63,497 | 63,497 |
| 241 Costco Wholesale Corporation | 159,079 | 159,079 |
| 355 Cummins Inc | 85,047 | 85,047 |
| 244 Danaher Corp | 56,447 | 56,447 |
| 408 Darden Restaurants, Inc. | 67,034 | 67,034 |
| 439 Digital Realty Trust Inc | 59,081 | 59,081 |
| 279,391 DoubleLine Total Return Bond Fund Class I | 2,469,812 | 2,469,812 |
| 330 Ecolab Inc | 65,455 | 65,455 |
| 129 Edwards Lifesciences Corp | 98,972 | 98,972 |
| 142 Eli Lilly And Co | 82,775 | 82,775 |
| 1,083 Emerson Electric Co | 105,408 | 105,408 |
| 738 Eversource Energy | 45,549 | 45,549 |
| 2,069 Fifth Third Bancorp | 71,360 | 71,360 |
| 736 Hologic Inc | 52,587 | 52,587 |
| 310 Home Depot Inc | 107,431 | 107,431 |
| 270 Intuit Inc | 168,758 | 168,758 |
| 2,925 Kimco Realty Corp | 62,332 | 62,332 |
| 1,682 Merck & Co Inc | 183,372 | 183,372 |
| 891 Metlife Inc | 58,922 | 58,922 |
| 1,279 Microsoft Corp | 480,955 | 480,955 |
| 1,566 Mondelez International Inc | 113,425 | 113,425 |
| 903 Morgan Stanley | 84,205 | 84,205 |
| 299 Netflix Inc | 145,577 | 145,577 |
| 163 NVIDIA Corp | 80,721 | 80,721 |
| 468 Procter & Gamble Co | 68,581 | 68,581 |
| 770 Ralph Lauren Corp | 111,034 | 111,034 |
| 130 Regeneron Pharmaceuticals Inc | 114,178 | 114,178 |
| 1,640 TJX Companies Inc | 153,848 | 153,848 |
| 735 T-Mobile Us Inc | 117,843 | 117,843 |
| 216 Valmont Industries, Inc. | 50,438 | 50,438 |
| 1,639 Vanguard Balanced Index Fund Admiral Shares | 73,082 | 73,082 |
| 353,924 Vanguard Developed Markets Index Fund Institutional Shares | 5,461,048 | 5,461,048 |
| 117,636 Vanguard Inflation-Protected Securities Fund Admiral Shares | 2,709,158 | 2,709,158 |
| 1,000,538 Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 8,684,670 | 8,684,670 |
| 648,977 Vanguard Intermediate-Term Treasury Fund Admiral Shares | 6,483,283 | 6,483,283 |
| 23,522 Vanguard Total World Stock Index Fund Institutional Shares | 4,939,458 | 4,939,458 |
| 288 Vertex Pharmaceuticals Incorporated | 117,184 | 117,184 |
| 838 Visa Inc | 218,173 | 218,173 |
| 753 Westinghouse Air Brake Technologies Corp | 95,556 | 95,556 |
| 2,360 Weyerhaeuser Co | 82,057 | 82,057 |
| 787 Xylem Inc | 90,001 | 90,001 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 57 Stars Global Opportunity Fund 3 Blocker (Cayman), L.P. | FMV | 728,410 | 728,410 |
| AACP Tax Exempt Investors II, L.P. | FMV | 104,295 | 104,295 |
| AACP Tax-Exempt Investors III, L.P. | FMV | 323,716 | 323,716 |
| AACP Tax-Exempt Investors V, L.P. | FMV | 1,018,778 | 1,018,778 |
| Arrowstreet Capital Global All Country Alpha Extension Fund (Cayman) Ltd. | FMV | 9,343,672 | 9,343,672 |
| Asia Alternatives Delaware III, LP | FMV | 4,875 | 4,875 |
| Asia Alternatives Delaware V, LP | FMV | 133,066 | 133,066 |
| Auldbrass Partners Secondary Opportunity Fund II, L.P. | FMV | 687,482 | 687,482 |
| Auldbrass Partners Secondary Opportunity Fund III, L.P. | FMV | 783,932 | 783,932 |
| Avanath Affordable Housing IV, LLC | FMV | 1,292,251 | 1,292,251 |
| Banneker Partners Fund II, L.P. | FMV | 685,070 | 685,070 |
| Base10 Advancement Initiative I, L.P. | FMV | 1,175,385 | 1,175,385 |
| Base10 Partners III, L.P. | FMV | 273,335 | 273,335 |
| Brightwood Capital Fund IV-U, LP | FMV | 1,912,656 | 1,912,656 |
| CA Resources Fund (U.S. Tax-Exempt), L.P. - Series Bain X | FMV | 124,773 | 124,773 |
| Commonfund Capital International Partners VI LP | FMV | 74,776 | 74,776 |
| Commonfund Capital Natural Resources Partners IX, L.P. | FMV | 727,510 | 727,510 |
| Commonfund Capital Natural Resources Partners VII LP | FMV | 56,041 | 56,041 |
| Commonfund Capital Venture Partners VI LP | FMV | 281 | 281 |
| Commonfund Capital Venture Partners VII LP | FMV | 96,236 | 96,236 |
| Commonfund Capital Venture Partners VIII LP | FMV | 277,274 | 277,274 |
| Dover Street IX Cayman Fund L.P. | FMV | 605,954 | 605,954 |
| Dover Street VIII Cayman Fund L.P. | FMV | 36,674 | 36,674 |
| Genesis Emerging Markets, L.P. | FMV | 6,270,066 | 6,270,066 |
| Genesis Emerging Markets, L.P. - Side Pocket (Russia) | FMV | 1 | 1 |
| Genesis Emerging Markets, L.P. - Side Pocket 2 (Nigeria) | FMV | 61,504 | 61,504 |
| Grain Communications Opportunity Fund II, L.P. | FMV | 2,761,375 | 2,761,375 |
| Heard High Conviction Long Only Fund LLC | FMV | 2,238,969 | 2,238,969 |
| Impact America Fund III, L.P. | FMV | 39,490 | 39,490 |
| Impactive Capital Fund Ltd. | FMV | 2,030,623 | 2,030,623 |
| LCP VII (Offshore), L.P. | FMV | 156,198 | 156,198 |
| Legacy Venture V (QP), LLC | FMV | 814,606 | 814,606 |
| Legacy Venture VI (QP), LLC | FMV | 1,535,353 | 1,535,353 |
| Material Impact Fund III, L.P. | FMV | 96,151 | 96,151 |
| Metis Equity Trust- Metis US Equity Index Portfolio | FMV | 15,507,550 | 15,507,550 |
| Metropolitan Real Estate Partners Global II, L.P. | FMV | 40,133 | 40,133 |
| Metropolitan Real Estate Partners Global IV, L.P. | FMV | 116,174 | 116,174 |
| Metropolitan Real Estate Partners International II, L.P. | FMV | 14,938 | 14,938 |
| Park Street Capital Natural Resource Fund II, L.P. | FMV | 55,675 | 55,675 |
| Park Street Capital Natural Resource Fund III, L.P. | FMV | 65,015 | 65,015 |
| Park Street Capital Natural Resource Fund IV, L.P. | FMV | 28,601 | 28,601 |
| Park Street Capital Natural Resource Fund V, L.P. | FMV | 453,589 | 453,589 |
| Park Street Capital Private Equity Fund IX, L.P. | FMV | 270,279 | 270,279 |
| Park Street Capital Private Equity Fund VII, L.P. | FMV | 15,898 | 15,898 |
| Park Street Capital Private Equity Fund VIII, L.P. | FMV | 130,870 | 130,870 |
| Park Street Capital Private Equity Fund X, L.P. | FMV | 900,999 | 900,999 |
| Preserver, L.P. | FMV | 5,319,470 | 5,319,470 |
| Siguler Guff Distressed Opportunities Fund III, L.P. | FMV | 105,776 | 105,776 |
| Siguler Guff Distressed Opportunities Fund IV, L.P. | FMV | 178,765 | 178,765 |
| SJF Ventures IV, L.P. | FMV | 1,045,484 | 1,045,484 |
| The Overlook Partners Fund, L.P. | FMV | 5,827,380 | 5,827,380 |
| TrueBridge-Kauffman Fellows Endowment Fund III, L.P. | FMV | 1,626,943 | 1,626,943 |
| TrueBridge-Kauffman Fellows Endowment Fund IV, L.P. | FMV | 2,247,379 | 2,247,379 |
| Varadero International, Ltd | FMV | 3,710,999 | 3,710,999 |
| Wellington Trust Company, NA CTF Global Impact Portfolio | FMV | 6,778,998 | 6,778,998 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| General governance and counsel | 7,782 | 0 | 6,576 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| MRI - Equitable Transit Oriented Development Accelerator Fund, LLC | 1,500,000 | 1,500,000 | 1,500,000 |
| Operating right-of-use asset | 139,588 | 244,141 | 244,141 |
| PRI - Boston Impact Initiative | 500,000 | 500,000 | 500,000 |
| PRI - EBNT Holdings LLC | 1,000,000 | 1,000,000 | 1,000,000 |
| PRI - Home Funders Collaborative, LLC | 2,279,358 | 2,266,812 | 2,266,812 |
| PRI - The Ujima Fund | 100,000 | 100,000 | 100,000 |
| Employee emergency loan | 9,300 | 9,300 |
| Description | Amount |
|---|---|
| Change in deferred tax liability | 108,718 |
| Uncollectible pledge | 100,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Partnership expenses | 872,813 | 828,776 | 0 | |
| Information technology | 9,062 | 362 | 8,387 | |
| Office expense | 31,693 | 1,267 | 30,354 | |
| Telephone | 7,020 | 281 | 6,739 | |
| Insurance | 16,294 | 652 | 15,642 | |
| Payroll fees | 3,887 | 199 | 3,681 | |
| Financial management software | 11,839 | 11,280 | 0 | |
| Grant management software | 63,607 | 0 | 63,607 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| Dividends from private funds | 317,784 | 317,784 | 317,784 |
| Interest from PRI/MRIs | 44,540 | 44,540 | 44,540 |
| Partnership income | 1,891,795 | 1,872,572 | 1,891,795 |
| Insurance rebate | 14,543 | 746 | 14,543 |
| Description | Amount |
|---|---|
| Unrealized appreciation in value of investments | 12,466,557 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| Cumulative deferred excise tax | 40,540 | 168,685 |
| Operating lease liability | 140,000 | 248,718 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| Philanthropic consulting | 80,000 | 0 | 80,000 | |
| Investment and custodial fees | 679,721 | 647,632 | 0 |