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 Hyams Foundation Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)89 South Street 404
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02111
A Employer identification number

04-6013680
B Telephone number (see instructions)

(617) 426-5600
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$137,975,556
J 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) 800,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments 102,886 102,886  
4 Dividends and interest from securities... 1,116,223 1,116,223  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 91,408
b Gross sales price for all assets on line 6a 17,938,933
7 Capital gain net income (from Part IV, line 2)... 77,724
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... 2,268,662 2,235,642  
12 Total. Add lines 1 through 11........ 4,379,179 3,532,475  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 419,980 62,997   356,983
14 Other employee salaries and wages...... 955,967 38,239   917,728
15 Pension plans, employee benefits....... 352,334 18,063   329,033
16a Legal fees (attach schedule)......... 7,782 0   6,576
b Accounting fees (attach schedule)....... 67,811 40,478   25,901
c Other professional fees (attach schedule).... 759,721 647,632   80,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 127,227 5,089   112,624
21 Travel, conferences, and meetings....... 24,938 998   23,940
22 Printing and publications.......... 1,022 41   655
23 Other expenses (attach schedule)....... 1,016,215 842,817   128,410
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,732,997 1,656,354   1,981,850
25 Contributions, gifts, grants paid....... 5,145,865 5,980,865
26 Total expenses and disbursements. Add lines 24 and 25 8,878,862 1,656,354   7,962,715
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,499,683
b Net investment income (if negative, enter -0-) 1,876,121
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 207,161 336,338 336,338
2 Savings and temporary cash investments......... 2,272,302 609,383 609,383
3 Accounts receivable right arrow230,146
Less: allowance for doubtful accounts right arrow   57,340 230,146 230,146
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable................. 150,000 400,000 400,000
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 20,933 15,819 15,819
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 41,703,477 Click to see attachment
List of Attached Documents:
// Content
49,851,924
49,851,924
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 80,870,751 Click to see attachment
List of Attached Documents:
// Content
80,911,693
80,911,693
14 Land, buildings, and equipment: basis right arrow253,888
Less: accumulated depreciation (attach schedule) right arrow253,888      
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
5,518,946
Click to see attachment
List of Attached Documents:
// Content
5,620,253
Click to see attachment
List of Attached Documents:
// Content
5,620,253
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 130,800,910 137,975,556 137,975,556
Liabilities 17 Accounts payable and accrued expenses.......... 22,454 54,828
18 Grants payable................. 3,272,747 2,420,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
180,540
Click to see attachment
List of Attached Documents:
// Content
417,403
23 Total liabilities (add lines 17 through 22)......... 3,475,741 2,892,231
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........... 32,058,374 34,546,408
25 Net assets with donor restrictions............ 95,266,795 100,536,917
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 127,325,169 135,083,325
30 Total liabilities and net assets/fund balances (see instructions). 130,800,910 137,975,556
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
127,325,169
2
Enter amount from Part I, line 27a .....................
2
-4,499,683
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
12,466,557
4
Add lines 1, 2, and 3 ..........................
4
135,292,043
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
208,718
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
135,083,325
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1 a Publicly traded securities      
b Capital gain distributions P    
c Distributions in excess of basis P    
d From Sch K-1 (Form 1065) P    
e Axiom International Equity Fund II P 2020-11-01 2023-08-09
Endowment Venture Partners V, LP P 2011-01-10 2023-11-16
Kabouter International Opportunities Fund II, LLC P 2013-06-01 2023-08-09
The Sanderson International Value Fund P 2009-04-01 2023-09-20
(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 3,149,489   3,108,494 40,995
b 170,569     170,569
c 21,843     21,843
d 555,252     555,252
e 7,417,938   10,580,565 -3,162,627
17,697   26,196 -8,499
2,763,079   2,908,503 -145,424
3,829,382   1,223,767 2,605,615
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       40,995
b       170,569
c       21,843
d       555,252
e       -3,162,627
      -8,499
      -145,424
      2,605,615
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 77,724
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ...................
Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 26,078
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 26,078
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 26,078
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 235,681
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 235,681
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 209,603
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow209,603 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.hyamsfoundation.org
14
The books are in care ofright arrowMark Paley Telephone no.right arrow (617) 426-5600

Located atright arrow89 South Street Suite 404BostonMA ZIP+4right arrow02111
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position
(c) Compensation
(If not paid, enter
-0-)
(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Penn Loh President/Chair/Trustee
5.00
30,000 0 0
89 South Street Suite 404
Boston,MA02111
Iris Gomez Clerk/Trustee
2.00
16,000 0 0
89 South Street Suite 404
Boston,MA02111
Julie Goodridge Treasurer/Trustee
2.00
19,000 0 0
89 South Street Suite 404
Boston,MA02111
Omar Simmons Asst. Treasurer/Trustee
2.00
5,000 0 0
89 South Street Suite 404
Boston,MA02111
Lily Mendez-Morgan Vice Chair/Trustee
2.00
20,000 0 0
89 South Street Suite 404
Boston,MA02111
Lucas H Guerra Vice Treasurer/Trustee
2.00
16,000 0 0
89 South Street Suite 404
Boston,MA02111
Rahsaan D Hall Trustee
2.00
20,000 0 0
89 South Street Suite 404
Boston,MA02111
Karen L Mapp Trustee
2.00
20,000 0 0
89 South Street Suite 404
Boston,MA02111
Martella Wilson-Taylor Trustee
2.00
16,000 0 0
89 South Street Suite 404
Boston,MA02111
Lisa Owens Executive Director
40.00
257,980 36,090 0
89 South Street Suite 404
Boston,MA02111
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
Mark Paley Dir of Admin/Finance
40.00
219,738 51,477 0
89 South Street Suite 404
Boston,MA02111
David Moy Deputy Director
40.00
194,299 40,913 0
89 South Street Suite 404
Boston,MA02111
Nahir Torres Sr. Program Officer
40.00
137,791 24,071 0
89 South Street Suite 404
Boston,MA02111
Maria Mulkeen Program Officer
40.00
115,855 22,045 0
89 South Street Suite 404
Boston,MA02111
Paola Miranda Program Officer
40.00
92,875 27,381 0
89 South Street Suite 404
Boston,MA02111
Total number of other employees paid over $50,000...................right arrow 2
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
Cambridge Associates LLC Investment consulting 254,476
125 High Street
Boston,MA02110
Fluxx Labs Inc Grant technology services 63,607
2261 Market Street 4060
San Francisco,CA94114
Varadero Capital LP Investment management 60,289
452 5th Avenue 30th Floor
New York,NY10018
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
44,990,927
b
Average of monthly cash balances.......................
1b
2,143,001
c
Fair market value of all other assets (see instructions)................
1c
82,411,693
d
Total (add lines 1a, b, and c).........................
1d
129,545,621
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
129,545,621
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,943,184
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
127,602,437
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,380,122
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
6,380,122
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
26,078
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
26,078
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,354,044
4
Recoveries of amounts treated as qualifying distributions................
4
100,000
5
Add lines 3 and 4............................
5
6,454,044
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
6,454,044
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
7,962,715
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
7,962,715
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 6,454,044
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 284,922
b From 2019...... 1,001,588
c From 2020...... 847,069
d From 2021......  
e From 2022...... 1,997,180
f Total of lines 3a through e ........ 4,130,759
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 7,962,715
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)........
Click to see attachment
List of Attached Documents:
// Content
375,000
d Applied to 2023 distributable amount..... 6,454,044
e Remaining amount distributed out of corpus 1,133,671
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 5,639,430
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed......
0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 ..........
0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) .......
375,000
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 ......
5,264,430
10 Analysis of line 9:
a Excess from 2019.... 911,510
b Excess from 2020.... 847,069
c Excess from 2021....  
d Excess from 2022.... 1,997,180
e Excess from 2023.... 1,508,671
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed ..........
Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed .....
         
d Amounts included in line 2c not used directly
for active conduct of exempt activities ..........
         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c ....
         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)
         
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed ..
         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) ....
         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)....
         
(3) Largest amount of support
from an exempt organization
         
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Lisa Owens The Hyams Foundation
89 South Street Suite 404
Boston,MA02111
(617) 426-5600
Grants@hyamsfoundation.org
bThe form in which applications should be submitted and information and materials they should include:
See https://hyamsfoundation.org/how-to-apply/ for information.
cAny submission deadlines:
There are no deadlines.
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
See https://hyamsfoundation.org/funding-eligibility/ and https://hyamsfoundation.org/funding-criteria/ for information.
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

ACLU Foundation of Massachusetts Inc

1 Center Plaza 850
Boston,MA02108
N/A PC Racial Justice Program 50,000

Action for Equity Inc

420 Washington Street
Boston,MA02124
N/A PC General support 10,000

African Community Economic Development of New England

48 John Eliot Square
Boston,MA02119
N/A PC General support 40,000

Alternatives for Community and Environment Inc

2201 Washington Street Suite 302
Roxbury,MA02119
N/A PC NEU4J's Climate Justice Organizing Training School, participatory design, and general support 375,000

Asian American Resource Workshop Inc

42 Charles St Suite A
Dorchester,MA02122
N/A PC Dorchester Not For Sale, refugee assistance, 2023 ReFrame Academy, and general support 179,500

Association of Black Foundation Executives Inc

55 Exchange Place Suite 401
New York,NY10005
N/A PC General support 2,500

Association of Small Foundations (Exponent Philanthropy)

1720 North St NW
Washington,DC20036
N/A PC General support 815

Ayni Institute Inc

240 Harris Street
Revere,MA02151
N/A PC Neighbors United for a Better East Boston 62,000

BAGLY Inc (Boston Alliance of Gay and Lesbian Youth Inc)

28 Court Square
Boston,MA02108
N/A PC Massachusetts Transgender Political Coalition 46,275

Belmont Food Pantry

455 Concord Ave
Belmont,MA02478
N/A PC Hyams Employee Donation Matching 250

Bend the Arc A Jewish Partnership for Justice

330 7th Ave Ste 1902
New York,NY10502
N/A PC General support 35,000

Black Economic Council of Massachusetts Inc

1 Beacon Street Suite 1500
Boston,MA02108
N/A PC Black Mass. Coalition and general support 180,000

Black Farmer Fund Inc

228 Park Ave S 38732
New York,NY10003
N/A PC Field Building Funding Recommendations for Movement Partners for Endowment Alignment Project 5,000

Boston Affordable Housing Coalition Inc

42 Seaverns Avenue
Jamaica Plain,MA02130
N/A PC General support 40,000

Boston Chinatown Neighborhood Center Inc

885 Washington St
Boston,MA02111
N/A PC Hyams Employee Donation Matching 500

Boston Impact Initiative Fund

PO Box 300443
Jamaica Plain,MA02130
N/A SO I Growing the Solidarity Finance Movement to Strengthen the Solidarity Economy in Massachusetts 75,000

Boston Neighborhood Community Land Trust Inc

550 Dudley Street
Roxbury,MA02119
N/A PC General support 45,000

Boston Tenant Coalition Inc

11 Beacon Street Suite 510
Boston,MA02108
N/A PC General support 50,000

Brazilian Women's Group Inc

697 Cambridge St Suite 106
Brighton,MA02135
N/A PC The Power of Workers' Voices Project 45,000

Brazilian Worker Center Inc

14 Harvard Ave 2nd Floor
Allston,MA02134
N/A PC General support 62,000

Brockton Interfaith Community

1350 Pleasant Street
Brockton,MA02301
N/A PC General support, IT, training and development 82,000

Brockton Workers Alliance

721 Belmont St
Brockton,MA02301
N/A PC Supporting low wage workers to learn ESOL to become CNA's and PCA' providers 10,000

CAIR-MA Inc

123 South Street Suite 3
Boston,MA02111
N/A PC General support 90,000

Center for Economic Democracy

769 Centre Street Suite 143
Boston,MA02130
N/A PC Boston Ujima support, Center for Cooperative Development and Solidarity, employee match, and general support 233,517

Center for Labor Education and Research Inc

375 Centre Street
Boston,MA02130
N/A PC Participatory design and general support 103,000

Centro Presente Inc

12 Bennington Street Suite 202
East Boston,MA02128
N/A PC General support 50,000

Chinatown Community Land Trust Inc

28 Ash Street
Boston,MA02111
N/A PC General support and employee match 45,413

Chinese Progressive Association Inc

28 Ash Street
Boston,MA02111
N/A PC Participatory design and general support 113,000

Citizens for Juvenile Justice Inc

44 School Street Suite 415
Boston,MA02108
N/A PC General support 55,000

Climate Justice Alliance

1960A University Ave
Berkeley,CA94712
N/A PC Field Building Funding Recommendations for Movement Partners for Endowment Alignment Project 5,000

Community Action Pioneer Valley Inc

393 Main Street
Greenfield,MA01301
N/A PC Rough Sleepers Winterizing project and employee matching 10,515

Community Labor United Inc

8 Beacon Street 5th Floor
Boston,MA02108
N/A PC New England United for Justice, project design, and general support 175,000

Confluence Philanthropy Inc

215 Lexington Avenue 10th Floor
New York,NY10016
N/A PC General support 5,500

Darrell Lee Jenkins Jr Resource Center Inc

390 Dickinson Street
Springfield,MA01108
N/A PC General support 10,000

Doctors Without Borders USA Inc

40 Rector Street 16th Floor
New York,NY10006
N/A PC Hyams Foundation Employee Donation Matching 176

Dudley Street Neighborhood Initiative Inc

550 Dudley Street
Roxbury,MA02119
N/A PC Participatory design and general support 70,000

Families for Justice as Healing Inc

100R Warren Street
Roxbury,MA02119
N/A PC General support 50,000

Fenway Community Development Corporation

70 Burbank Street
BOSTON,MA02115
N/A PC Growing Resident Power for Systems Change Project 35,000

Foundation Financial Officers Group Inc

19 Mantua Rd
Mt Royal,NJ08061
N/A PC General support 1,550

Friends of St Stephen's Youth Programs Inc

149 Shawmut Avenue
Boston,MA02118
N/A PC SSYP Parent and Community Organizing Project 40,000

GLBTQ Legal Advocates & Defenders Inc

18 Tremont Street Ste 950
Boston,MA02108
N/A PC Hyams Employee Donation Matching 313

Grantmakers Concerned with Immigrants and Refugees

PO Box 2178
Petaluma,CA94953
N/A PC General support 3,750

Greater Boston Interfaith Organization Sponsoring Committee Inc

1803 Dorchester Avenue
Boston,MA02124
N/A PC Housing Justice Project 68,780

Greenroots Inc

90 Everett Ave 3rd Floor Suite 10
Chelsea,MA02150
N/A PC General support 73,000

Hawaii Community Foundation

827 Fort Street Mall
Honolulu,HI96813
N/A PC Hyams Employee Donation Matching 1,000

Haymarket Peoples Fund Inc

42 Seaverns Avenue
Jamaica Plain,MA02130
N/A PC Joint Grantee Partners' Convening 15,000

Immigrant Family Services Institute Inc

1626 Blue Hill Ave
Mattapan,MA02126
N/A PC Immigrants Make America Strong and general support 90,000

Justice at Work

33 Harrison Avenue Suite 501
Boston,MA02111
N/A PC General support and employee match 52,500

Justice Funders

1423 Broadway 1139
Oakland,CA94612
N/A PC General support 5,000

La Colaborativa Inc

318 Broadway
Chelsea,MA02150
N/A PC General support 78,000

Lawyers for Civil Rights Inc

61 Batterymarch Street 5th Floor
Boston,MA02110
N/A PC General support and employee match 62,309

Level Ground Mixed Martial Arts Inc

527 Columbia Road
Boston,MA02125
N/A PC Hyams Employee Matching Donation 1,000

Massachusetts Advocates for Children Inc

25 Kingston Street 2nd Floor
Boston,MA02111
N/A PC General support, executive coaching and DEI initiatives, cybersecurity enhancement and data migration 79,900

Massachusetts Affordable Housing Alliance Inc

1803 Dorchester Avenue
Boston,MA02124
N/A PC Homebuyer Union Project, movement infrastructure, and executive transitions 65,000

Massachusetts Budget and Policy Center Inc

1 State Street Suite 1250
Boston,MA02109
N/A PC Technology infrastructure and general support 71,000

Massachusetts Communities Action Network Inc

14 Cushing Avenue
Boston,MA02125
N/A PC I Have a Future project, staff alignment retreat, and general support 147,000

Massachusetts Immigrant and Refugee Advocacy Coalition Inc

69 Canal Street 3
Boston,MA02114
N/A PC General support 80,000

Massachusetts Law Reform Institute Inc

40 Court Street 700
Boston,MA02108
N/A PC Housing Justice, Equity and Preservation, and Springfield Community Lawyering projects 350,000

Massachusetts Senior Action Council Inc

108 Myrtle Street Suite 112
Quincy,MA02171
N/A PC General support 73,000

Massachusetts Voter Education Network

41 West Street Suite 700
Boston,MA02119
N/A PC General support 75,000

Mission Investor Exchange Inc

105 W 86th St 358
New York,NY10024
N/A PC General support 3,000

Multicultural AIDS Coalition Inc

31 Heath Street
Jamaica Plain,MA02130
N/A PC Encuentro Diaspora Afro/Let's Walk Together/Caminemos Juntos/Ann Mache Ansanm/Vamos Caminhar Juntos 15,000

Muslim Justice League Inc

711 Atlantic Avenue
Boston,MA02111
N/A PC General support 50,000

National Network of Abortion Funds

9450 SW Gemini Drive Dr PMB 16009
Beaverton,OR97008
N/A PC Hyams Employee Donation Matching 250

Neighbor to Neighbor Massachusetts Education Fund Inc

PO Box 30839
Worcester,MA01603
N/A PC Organizing for a Just Transition to Clean Energy and Zero Waste, executive transition, and general support 30,000

Neighborhood Funders Group

548 Market Street 95631
Oakland,CA94612
N/A PC NFG Interim Leadership Project and general support 28,000

NEO Philanthropy Inc

1001 Avenue of the Americas 12th
Floor
New York,NY10018
N/A PC FCCP Membership Dues 2023 6,000

Palestine Children's Relief Fund

1340 Morris Rd
Kent,OH44240
N/A PC Hyams Employee Donation Matching 250

Partners In Health a Nonprofit Corporation

800 Boylston St Ste 300
Frederick,MD21705
N/A PC Hyams Employee Donation Matching 158

Peace Development Fund Inc

PO Box 1280
Amherst,MA01004
N/A PC Community Solstice Different Threads of the Same Fabric Project 10,000

PEAK Grantmaking Inc

1701 Pennsylvania Avenue NW Suite
200
Washington,DC20006
N/A PC General support 2,000

Penn Center Inc

16 Penn Center Cir W
Saint Helena Island,SC29920
N/A PC Hyams Employee Donation Matching 500

Philanthropy Massachusetts Inc

133 Federal Street Suite 802
Boston,MA02110
N/A PC General support 16,100

Pioneer Valley Project Inc

45 Maple Street
Springfield,MA01105
N/A PC Pioneer Valley Project and SOF grant 60,500

Pioneer Valley Workers Center Inc

20 Hampton St Suite 200
Northampton,MA01060
N/A PC PVWC Farmworker Association Initiative and Returning to our Organizing Roots project 20,000

Proteus Fund Inc

15 Research Drive Suite B
Amherst,MA01002
N/A PC 2023 ReFrame Academy participation 43,500

Resist Inc

42 Seaverns Avenue
Jamaica Plain,MA02130
N/A PC Matahari Women Workers' Center, BEJA, SIM, Reclaim Roxbury, MassCOSH, Learning Circle & New Fundraisers Cohort 479,565

Right to the City Alliance Inc

388 Atlantic Avenue
Brooklyn,NY11217
N/A PC SNOL, project alignment, 2023 ReFrame Academy participation 130,000

Social and Environmental Entrepreneurs Inc

23564 Calabasas Road Suite 201
Calabasas,CA91302
N/A PC FY 2023 Funders4Justice Membership 5,000

Solidaire Network Inc

1423 Broadway 314 3rd Floor
Oakland,CA94612
N/A PC Foundation's FY23 membership with Solidaire Network 50,000

The Center for Teen Empowerment Inc

130 Warren Street
Boston,MA02119
N/A PC Program management and data collection database/system 10,000

The City School Inc

614 Columbia Road
Boston,MA02125
N/A PC General support, Youth Justice & Power Union, Ella Baker Young Adult Fellowship, leadership transition, and project design 325,000

The Greater Boston Food Bank Inc

70 South Bay Avenue
Boston,MA02118
N/A PC Hyams Employee Donation Matching 259

The Schott Foundation for Public Education

One Mifflin Place Suite 400
Cambridge,MA02138
N/A PC Massachusetts Education Justice Alliance Project 50,000

Third Sector New England Inc

89 South St Suite 700
Boston,MA02111
N/A PC MA Hubs, Center to Support Immigrant Organizing, and Revere Youth in Action projects 280,000

Tides Center

PO Box 889385
Los Angeles,CA90088
N/A PC General support 300

True Alliance Center Inc

1550 Blue Hill Ave
Mattapan,MA02126
N/A PC Civic Engagement Campaign 10,000

Urban Revival Inc (City LifeVida Urbana)

PO Box 300107
Jamaica Plain,MA02130
N/A PC Homes for All Massachusetts, anniversary, employee match, 2023 ReFrame Academy participation, and general support 444,508

US Solidarity Economy Network Inc

308 Mill Valley Road
Belchertown,MA01007
N/A PC Massachusetts Solidarity Economy Network 5,000

William J Brennan Jr Center for Justice Inc

120 Broadway Suite 1750
New York,NY10271
N/A PC Hyams Employee Donation Matching 250

Women's Lunch Place Inc

67 Newbury Street
Boston,MA02116
N/A PC Hyams Employee Donation Matching 518

Worcester Interfaith

111 Park Ave
Worcester,MA01609
N/A PC Worcester Youth Organizing Academy 25,000

Yad Chessed Fund Inc

440 Totten Pond Rd Suite 401
Waltham,MA02451
N/A PC Hyams Employee Donation Matching 144
Total .................................right arrow 3a 5,980,865
bApproved for future payment

ACLU Foundation of Massachusetts Inc
1 Center Plaza 850
Boston,MA02108
N/A PC ACLU Foundation of Massachusetts Racial Justice Program 50,000

Alternatives for Community and Environment Inc
2201 Washington Street Suite 302
Roxbury,MA02119
N/A PC New England United for Change and general support 120,000

Boston Affordable Housing Coalition Inc
42 Seaverns Avenue
Jamaica Plain,MA02130
N/A PC Save Our Homes Campaign 40,000

Boston Impact Initiative Fund
PO Box 300443
Jamaica Plain,MA02130
N/A SO I Growing the Solidarity Finance Movement to Strengthen the Solidarity Economy in Massachusetts 75,000

Center for Economic Democracy
769 Centre Street Suite 143
Boston,MA02130
N/A PC Boston Ujima Project: Solidarity Economy Infrastructure and Movement Deepening 70,000

Citizens for Juvenile Justice Inc
44 School Street Suite 415
Boston,MA02108
N/A PC Citizens for Juvenile Justice General Support 55,000

Community Labor United Incorporated
8 Beacon Street 5th Floor
Boston,MA02108
N/A PC General support 80,000

Families for Justice As Healing Inc
100R Warren Street
Roxbury,MA02119
N/A PC General support 50,000

Friends of St Stephen's Youth Programs Inc
419 Shawmut Avenue
Boston,MA02118
N/A PC SSYP Parent and Community Organizing 40,000

Massachusetts Advocates for Children Inc
25 Kingston Street 2nd Floor
Boston,MA02111
N/A PC Building a Movement for Education Equity in MA 45,000

Massachusetts Budget and Policy Center Inc
1 State Street Suite 1250
Boston,MA02109
N/A PC Envisioning Equity in the Commonwealth 65,000

Massachusetts Communities Action Network Inc
14 Cushing Avenue
Dorchester,MA02125
N/A PC MCAN General support 75,000

Muslim Justice League Inc
711 Atlantic Avenue
Boston,MA02111
N/A PC General support 50,000

Resist Inc
42 Seaverns Avenue
Jamaica Plain,MA02130
N/A PC General support for BEJA Community Organizing Campaigns 50,000

Third Sector New England Inc
89 South St Suite 700
Boston,MA02111
N/A PC Operating support for CSIO, RYiA, and Democracy HUBS 280,000

Urban Revival Inc (City LifeVida Urbana)
PO Box 300107
Jamaica Plain,MA02130
N/A PC General support 90,000
Total ................................. right arrow 3b 1,235,000
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
aInterest from PRI/MRIs         44,540
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ...........
    14 102,886  
4 Dividends and interest from securities ....     14 1,116,223  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 317,784  
8 Gain or (loss) from sales of assets other than
inventory ............
525990 13,684 18 77,724  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPartnership income
525990 17,523 14 1,874,272  
bInsurance rebate     01 14,543  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 31,207 3,503,432 44,540
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,579,179
(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.)
1a Interest earned from loans to low-income housing development projects and other program related investments which further the Foundation's mission of increasing economic, racial and social justice and power within low-income communities in Boston and Chelsea, Massachusetts.
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
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Form 990-PF (2023)
Additional Data


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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 Hyams Foundation Inc
 
Employer identification number

04-6013680
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 Hyams Foundation Inc
 
Employer identification number
04-6013680
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
Barr Foundation
 
Two Atlantic Avenue
 
Boston, MA02110

$ 775,000


(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
2
Episcopal City Mission
 
89 South Street Suite 202
 
Boston, MA02111

$ 25,000


(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.)
Schedule B (Form 990) (2023)
Schedule B (Form 990) (2023)
Page 3
Name of organization
The Hyams Foundation Inc
 
Employer identification number

04-6013680
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 Hyams Foundation Inc
 
Employer identification number

04-6013680
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I
(b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (2023)
Additional Data


Software ID:  
Software Version:  

TY 2023 AccountingFeesSchedule
Name:
The Hyams Foundation Inc
EIN:
04-6013680
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

TY 2023 DistributionFromCorpusElection
Name:
The Hyams Foundation Inc
EIN:
04-6013680
Election:
Pursuant to Regulation 53.4942(a)-3(c)(2)(iv), the foundation hereby elects to treat, as a current distibution out of corpus, the following unused prior years distributions that were treated as corpus distributions under Regulation 53.4942(a)-3(d)(1)(iii) in such prior tax year:Tax Year Amount2018 $284,9222019 $90,078During 2023, The Hyams Foundation received $375,000 in cash contributions from Barr Foundation, a private foundation.Pursuant to Regulation 53.4942(a)-3(c)(2)(iv), The Hyams Foundation elects to treat, as a current distribution out of corpus, $284,922 of excess 2018 qualifying distributions and $90,078 of excess 2019 qualifying distributions that were treated as distributions out of corpus in such prior tax year to satisfy the requirements imposed by Section 4942(g)(3).

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TY 2023 ExpenditureResponsibilityStmt
Name:
The Hyams Foundation Inc
EIN:
04-6013680
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.

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TY 2023 GainLossSaleOtherAssetsSch
Name:
The Hyams Foundation Inc
EIN:
04-6013680
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  

TY 2023 GeneralExplanationAttachment
Name:
The Hyams Foundation Inc
EIN:
04-6013680
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).

TY 2023 InvestmentsCorpStockSchedule
Name:
The Hyams Foundation Inc
EIN:
04-6013680
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

TY 2023 InvestmentsOtherSchedule2
Name:
The Hyams Foundation Inc
EIN:
04-6013680
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

TY 2023 LegalFeesSchedule
Name:
The Hyams Foundation Inc
EIN:
04-6013680
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
General governance and counsel 7,782 0   6,576


TY 2023 OtherAssetsSchedule
Name:
The Hyams Foundation Inc
EIN:
04-6013680
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


TY 2023 OtherDecreasesSchedule
Name:
The Hyams Foundation Inc
EIN:
04-6013680
Description Amount
Change in deferred tax liability 108,718
Uncollectible pledge 100,000


TY 2023 OtherExpensesSchedule
Name:
The Hyams Foundation Inc
EIN:
04-6013680
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


TY 2023 OtherIncomeSchedule2
Name:
The Hyams Foundation Inc
EIN:
04-6013680
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


TY 2023 OtherIncreasesSchedule
Name:
The Hyams Foundation Inc
EIN:
04-6013680
Description Amount
Unrealized appreciation in value of investments 12,466,557


TY 2023 OtherLiabilitiesSchedule
Name:
The Hyams Foundation Inc
EIN:
04-6013680
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


TY 2023 OtherProfessionalFeesSchedule
Name:
The Hyams Foundation Inc
EIN:
04-6013680
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