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
HENRY P KENDALL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 52200
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02205
A Employer identification number

04-6029103
B Telephone number (see instructions)

(617) 951-2555
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$91,972,668J 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) 390,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,725,104 1,727,489  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -103,824
b Gross sales price for all assets on line 6a 10,487,138
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
20,508 17,706  
12 Total. Add lines 1 through 11........ 2,031,788 1,745,195  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 508,805 0   508,805
14 Other employee salaries and wages...... 236,573 0   236,573
15 Pension plans, employee benefits....... 172,991 0   172,991
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,991 0   1,991
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
33,000 16,500   16,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
281,214 250,491   30,723
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
358,018 0   358,018
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
4,000 0  
20 Occupancy.............. 87,345 0   87,345
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
967,266 670,449   297,201
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,651,203 937,440   1,710,147
25 Contributions, gifts, grants paid....... 3,213,795 3,213,795
26 Total expenses and disbursements. Add lines 24 and 25 5,864,998 937,440   4,923,942
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -3,833,210
b Net investment income (if negative, enter -0-) 807,755
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............. 41,534 493,405 493,405
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow176,291
Less: allowance for doubtful accounts right arrow   549,341 176,291 176,291
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow107,953
Less: allowance for doubtful accounts right arrow0 107,302 Click to see attachment
List of Attached Documents:
// Content
107,953 		107,953
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 16,390 5,826 5,826
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 83,172,864 Click to see attachment
List of Attached Documents:
// Content
89,511,272 		89,511,272
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).......... 1,947,298 Click to see attachment
List of Attached Documents:
// Content
1,654,025 		1,654,025
14 Land, buildings, and equipment: basis right arrow75,710
Less: accumulated depreciation (attach schedule) right arrow74,979 10,849 Click to see attachment
List of Attached Documents:
// Content
731 		731
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
23,165 		Click to see attachment
List of Attached Documents:
// Content
23,165 		Click to see attachment
List of Attached Documents:
// Content
23,165
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 85,868,743 91,972,668 91,972,668
Liabilities 17 Accounts payable and accrued expenses.......... 68,784 42,070
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 68,784 42,070
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........... 85,799,959 91,930,598
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........    
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)..... 85,799,959 91,930,598
30 Total liabilities and net assets/fund balances (see instructions). 85,868,743 91,972,668
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
85,799,959
2
Enter amount from Part I, line 27a .....................
2
-3,833,210
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
9,967,765
4
Add lines 1, 2, and 3 ..........................
4
91,934,514
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,916
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
91,930,598
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 IR&M CORE BOND FUND II - K-1 SHORT TERM P   2023-12-31
b IR&M CORE BOND FUND II - K-1 LONG TERM P   2023-12-31
c IR&M SHORT BOND FUND - K-1 SHORT TERM P   2023-12-31
d IR&M SHORT BOND FUND - K-1 LONG TERM P   2023-12-31
e HEITMAN AMERICA REAL ESTATE - K-1 LONG TERM P   2023-12-31
THOMABRAVO - K-1 SHORT TERM P   2023-12-31
GLENDOWER SOF IV - K-1 LONG TERM P   2023-12-31
CVI CREDIT VALUE FUND - K-1 LONG TERM P   2023-12-31
INDUSTRY VENTURES IX - K-1 SHORT TERM P   2023-12-31
INDUSTRY VENTURES IX - K-1 LONG TERM P   2023-12-31
IPI FUND III-A LP - K-1 SHORT TERM P   2023-12-31
TRIVE CAPITAL IV - K-1 SHORT TERM P   2023-12-31
TRIVE CAPITAL IV - K-1 LONG TERM P   2023-12-31
GLENDOWER SOF V - K-1 LONG TERM P   2023-12-31
INVESCO DB COMMODITY - K-1 SHORT TERM P   2023-12-31
PUBLICY TRADED SECURITIES - NORTHERN TRUST - HOUSE ACCOUNT P   2023-12-31
PUBLICY TRADED SECURITIES - NORTHERN TRUST - HOUSE ACCOUNT P   2023-12-31
PUBLICY TRADED SECURITIES - NORTHERN TRUST - RANGER SMA ACCOUNT P   2023-12-31
PUBLICY TRADED SECURITIES - NORTHERN TRUST - RANGER SMA ACCOUNT P   2023-12-31
HG VORA SPECIAL OPPORTUNITUES REDEMPTION P   2023-12-31
LIBREMAX OFFSHORE REDEMPTION P   2023-12-31
SOMA OFFSHORE LTD. REDEMPTION P   2023-12-31
DISPOSAL OF COMPUTER EQUIPMENT P   2023-12-31
DISPOSAL OF FURNITURE & FIXTURES P   2023-12-31
DISPOSAL OF LEASEHOLD IMPROVEMENTS P   2023-04-30
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a     23,250 -23,250
b     292,035 -292,035
c     13,159 -13,159
d     28,012 -28,012
e 15,860     15,860
941     941
59,248     59,248
425     425
7     7
13,739     13,739
254     254
19     19
9     9
    9,826 -9,826
    804 -804
114,784   105,914 8,870
6,507,921   7,039,063 -531,142
334,300   295,597 38,703
911,968   645,030 266,938
1,427,669   1,115,199 312,470
35,503   13,191 22,312
748,734   1,000,000 -251,266
  3,074 3,074 0
  6,213 6,213 0
  11,109 21,795 -10,686
315,757     315,757
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       -23,250
b       -292,035
c       -13,159
d       -28,012
e       15,860
      941
      59,248
      425
      7
      13,739
      254
      19
      9
      -9,826
      -804
      8,870
      -531,142
      38,703
      266,938
      312,470
      22,312
      -251,266
      0
      0
      -10,686
      315,757
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 -104,628
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 11,228
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 11,228
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 11,228
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 220,000
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.............. 7 220,000
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 10 208,772
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow208,772 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
 
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.KENDALL.ORG
14
The books are in care ofright arrowJOHN MCCRAE Telephone no.right arrow (617) 951-2525

Located atright arrowPO BOX 52200BOSTONMA ZIP+4right arrow02205
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)
 
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
 
 
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)
 
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
 
 
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
JOHN P KENDALL TRUSTEE
2.00 		0 0 0
176 FEDERAL STREET
BOSTON,MA02110
ANDREW W KENDALL TRUSTEE/EXECUTIVE DIRECTOR
40.00 		508,805 51,901 0
176 FEDERAL STREET
BOSTON,MA02110
PHOEBE S WINDER TRUSTEE
2.00 		0 0 0
176 FEDERAL STREET
BOSTON,MA02110
KENNETH F MEYERS TRUSTEE
2.00 		0 0 0
176 FEDERAL STREET
BOSTON,MA02110
TORE C NELSON TRUSTEE
2.00 		0 0 0
176 FEDERAL STREET
BOSTON,MA02110
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
BETH ZSCHAU PROGRAM OFFICER
40.00 		158,379 24,726 0
PO BOX 52200
BOSTON,MA02205
KRISTEN VALE PROGRAM ASSISTANT
40.00 		76,430 28,559 0
PO BOX 52200
BOSTON,MA02205
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
NORTHERN TRUST COMPANY INVESTMENT MANAGEMENT 88,626
125 SUMMER STREET SUITE 1400
BOSTON,MA02110
NEPC LLC INVESTMENT MANAGEMENT 66,627
255 STATE STREET
BOSTON,MA02109
DARMODY MERLINO & CO LLP ACCOUNTANT 33,000
C/O HEITMAN LLC 191 NORTH WACKER
DRIVE 2500
CHICAGO,IL60606
HAIRPIN COMMUNICATIONS LLC CONSULTANTS 22,429
74 HOWE STREET
ASHLAND,MA01721
NORTHBOUND VENTURES LLC CONSULTANTS 16,473
66 RAYMOND AVENUE
SOMERVILLE,MA02144
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
83,918,461
b
Average of monthly cash balances.......................
1b
4,108,261
c
Fair market value of all other assets (see instructions)................
1c
402,514
d
Total (add lines 1a, b, and c).........................
1d
88,429,236
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
88,429,236
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,326,439
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
87,102,797
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,355,140
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
4,355,140
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
11,228
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
11,228
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,343,912
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,343,912
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
4,343,912
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
4,923,942
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
4,567
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,928,509
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 4,343,912
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......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022...... 880,021
f Total of lines 3a through e ........ 880,021
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 4,928,509
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..... 4,343,912
e Remaining amount distributed out of corpus 584,597
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 1,464,618
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,464,618
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022.... 880,021
e Excess from 2023.... 584,597
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

ADDISON COUNTY RELOCALIZATION NETWORK

PO BOX 404
BRISTOL,VT05443 		NO RELATIONSHIP PC STRENGTHEN LOCAL FOOD PROCUREMENT IN K-12 SCHOOLS AND MIDDLEBURY COLLEGE 95,782

AMMONOOSUC CONSERVATION TRUST

PO BOX 191
FRANCONIA,NH03580 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 1,000

BLACKSTONE VALLEY TOURISM COUNCIL

175 MAIN STREET
PAWTUCKET,RI02860 		NO RELATIONSHIP PC PRODUCTION AND DEVELOPMENT OF THE SLATERSVILLE DOCUMENTARY 10,000

CENTERBOARD INC

16 CITY HALL SQUARE
LYNN,MA01901 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

CHICAGOLAND LAB RESCUE INC

1954 FIRST STREET 164
HIGHLAND PARK,IL60035 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 1,000

CHOLANGIOCARCINOMA FOUNDATION

5526 WEST 13400 SOUTH 510
HERRIMAN,UT84096 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

CITY OF NEW BEDFORD

1213 PURCHASE STREET
NEW BEDFORD,MA02740 		NO RELATIONSHIP PC SUPPORT THE ONGOING EFFORT OF NEW BEDFORD PUBLIC SCHOOLS TO PROVIDE LOCAL FRESH FOODS 125,000

COMMONWEALTH KITCHEN

196 QUINCY STREET
DORCHESTER,MA02121 		NO RELATIONSHIP PC RE-GRANT FUNDS TO CORE PARTNER IN NEW ENGLAND FOOD VISION PRIZE 35,879

ELYSSA'S MISSION

900 SKOKIE BLVD STE 120
NORTHBROOK,IL60062 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 1,000

FARM FRESH RHODE ISLAND

10 SIMS AVENUE UNIT 103
PROVIDENCE,RI02909 		NO RELATIONSHIP PC 1. INCREASE THE ABILITY TO CONNECT LOCAL AND REGIONAL FARMERS WITH THE 36 RI SCHOOL DISTRICTS 2. EXPAND SUPPLY CHAIN OF MAINE GROWN BROCCOLI WITH K-12 SCHOOLS, COLLEGES AND INSTITUTIONS 315,000

FOOD CONNECTS INC

22 BROWNE COURT 110
BRATTLEBORO,VT05301 		NO RELATIONSHIP PC EXPAND THE WHOLESALE DISTRIBUTION SYSTEM TO PROVIDE NEW ENGLAND SOURCED REGIONAL FOODS 199,788

FOODCORPS

1140 SE 7TH AVE SUITE 110
PORTLAND,OR97214 		NO RELATIONSHIP PC SUPPORT THE EMERGING WORK IN RHODE ISLAND'S K-12 SCHOOLS 75,000

HARTFORD FOOD SYSTEM INC

ONE CONGRESS STREET AUITE 302
HARTFORD,CT06114 		NO RELATIONSHIP PC 1. TO COLLECT LOCAL FOOD SALES DATA FROM RETAILERS IN CT 2. BUILD ORGANIZATIONAL CAPACITY OF THE STATEWIDE FOOD SYSTEMS NETWORK 43,600

HARVARD UNIVERSITY DINING SERVICES

65-67 WINTHROP STREET
CAMBRIDGE,MA02138 		NO RELATIONSHIP PC RETURN UNUSED FUNDS FROM NEW ENGLAND FOOD VISION PRIZE -35,879

KENEY PARK SUSTAINABLE PROJECT

183 WINDSOR AVE
WINDSOR,CT06095 		NO RELATIONSHIP PC ESTABLISH AND OPERATE A LOCAL FOOD PREP KITCHEN FOR HARTFORD'S SCHOOL KITCHENS AND CAFETERIAS 200,000

MARTHA'S VINEYARD FISHERMAN'S PRESERVATION

PO BOX 96
MENEMSHA,MA02552 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

NORTHEAST ORGANIC FARMING ASSOCIATION OF VT

PO BOX 697
RICHMOND,VT05477 		NO RELATIONSHIP PC SUPPORT THE VT FARMER EMERGENCY FUND 10,000

POCASSET POKANOKET LAND TRUST

44 BEDSON ROAD
CRANSTON,RI02910 		NO RELATIONSHIP PC CREATE A DIRECT FARM-TO-SCHOOL PROGRAM FOR BEGINNER FARMER TRAINING AND CERTIFICATION 120,300

POPE FRANCIS PREPARATORY SCHOOL

99 WENDOVER ROAD
SPRINGFIELD,MA01118 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

RHODE ISLAND DEPARTMENT OF COMMERCE

315 IRON HORSE WAY SUITE 101
PROVIDENCE,RI02908 		NO RELATIONSHIP PC TO DEVELOP AN UPDATED STATEWIDE FOOD STRATEGY AND SHARED GOALS OUT TO 2030 120,000

RHODE ISLAND FOOD POLICY COUNCIL

1618 SOUTH ROAD
KINGSTON,RI02881 		NO RELATIONSHIP PC CONTINUE ACTIVE LEADERSHIP ROLE IN STATEWIDE NETWORK TO IMPROVE FOOD SECURITY 50,000

RISE ABOVE FOUNDATION

PO BOX 174
NORTHBRIDGE,MA01534 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

SALVATION FARMS

49 PORTLAND ST POB 1174
MORRISTOWN,VT05661 		NO RELATIONSHIP PC CREATE A LINE OF COST COMPETITIVE FROZEN FOODS FOR K-12 SCHOOLS USING LOCAL SURPLUS CROPS 168,875

SHELBURNE FARMS

1611 HARBOR RD
SHELBURNE,VT05482 		NO RELATIONSHIP PC SUSTAIN FARM TO SCHOOL EFFORTS ACROSS THE REGION, ADVOCATING FOR FOOD POLICY 100,000

SPRINGFIELD PUBLIC SCHOOLS

1550 MAIN STREET
SPRINGFIELD,MA01103 		NO RELATIONSHIP PC DEVELOP A PRICE-COMPETITIVE LOCAL PIZZA SHELL COMPLIANT WITH USDA K-12 NUTRITION GUIDELINES 185,000

SUPPORT OUR LIBRARY ASSOCATION INC

84 PARK STREET
STOUGHTON,MA02072 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

THIRD SECTOR NEW ENGLAND

89 SOUTH STREET 700
BOSTON,MA02111 		NO RELATIONSHIP PC 1. SUPPORT HIRING AN ORGANIZER FOR LOCAL FOOD SYSTEM POLICY CHANGE 2. OPERATING SUPPORT FOR FARM TO INSTITUTION NEW ENGLAND NETWORK 3. TO GROW THE FARM TO SCHOOL INSTITUTE AND PROFESSIONAL DEVELOPMENT OFFERINGS 4. TO MEASURE PROGRESS TOWARDS THE NE FOOD VISION GOAL OF 30% LOCAL FOOD CONSUMED BY 2030 5. SUPPORT THE FARM TO INSTITUTION NEW ENGLAND COLLABORATIVE ADVOCACY EFFORTS. 365,000

UMASS LOWELL

220 PAWTUCKET STREET
LOWELL,MA01854 		NO RELATIONSHIP PC SUPPORT THE LOWELL EATS LOCAL PROJECT INCREASING LOCAL FOOD PURCHASES AT UMASS LOWELL 199,500

UNITED WAY OF CENTRAL MASSACHUSETTS

18 CHESTNUT STREET STE 530
WORCESTER,MA01608 		NO RELATIONSHIP PC PROVIDE SUPPORT TO THE MA FARM RESILIENCY FUND 10,000

UNIVERSITY OF NEW HAMPSHIRE

107 NESMITH HALL 131 MAIN ST
DURHAM,NH03824 		NO RELATIONSHIP PC 1. HELP TO EXPAND THE FOOD SOLUTIONS NEW ENGLAND IMPACT ACROSS 4 PROGRAM AREAS 2. BUILD A SUSTAINABLE AND EQUITABLE LOCAL FOOD SYSTEM IN NH 3. BUILD A SUSTAINABLE AND EQUITABLE LOCAL FOOD SYSTEM IN NH 4. OPERATING SUPPORT FOR NH FARM TO SCHOOL PROGRAM AND STATE LEVEL POLICY EFFORTS 285,000

VERMONT SUSTAINABLE JOBS FUND

3 PITKIN COURT SUITE 301E
MONTPELIER,VT05602 		NO RELATIONSHIP PC 1. IMPLEMENTATION OF THE 10-YEAR NEW ENGLAND FEEDING NEW ENGLAND PROJECT 2. SUPPORT THE FARM TO PLATE NETWORK IN MAKING SYSTEMATIC FOOD SYSTEM CHANGES 275,000

WAYSIDE FOOD PROGRAMS

PO BOX 1278
PORTLAND,ME04104 		NO RELATIONSHIP PC SUPPORT THE MAINE IMMIGRANT GREENS COLLABORATIVE IN PROVIDING HEALTHY GREENS TO K-12 SCHOOLS 199,950

YELLOW FARMHOUSE EDUCATION CENTER

PO BOX 202
STONINGTON,CT06378 		NO RELATIONSHIP PC SUPPORT SCHOOLS IN ALLOCATING 25% OF CULINARY PROGRAM BUDGET TO REGIONALLY PRODUCED FOODS 45,000

YMCA OF GREATER BOSTON

316 HUNTINGTON AVENUE
BOSTON,MA02115 		NO RELATIONSHIP PC HUNGER PREVENTION PLANNING WORK TO INFORM STRATEGIC PLANNING EFFORT 10,000
Total .................................right arrow 3a 3,213,795
bApproved for future payment
Total ................................. right arrow 3b 0
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 ........... 		         
4 Dividends and interest from securities ....     14 1,725,104  
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 20,508  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -103,824  
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 1,641,788 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,641,788
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


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

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

04-6029103
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
HENRY P KENDALL FOUNDATION
  		Employer identification number
04-6029103
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
NORFOLK CHARITABLE TRUST
 
PO BOX 52200
 
BOSTON, MA02205

$ 390,000


(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
HENRY P KENDALL FOUNDATION
  		Employer identification number

04-6029103
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
HENRY P KENDALL FOUNDATION
  		Employer identification number

04-6029103
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:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 33,000 16,500   16,500

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TY 2023 DepreciationSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
COMPUTER EQUIPMENT 2003 - 2008 2006-12-31 1,588 1,588 200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2010 2010-12-31 2,390 2,390 200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2011 2011-12-31 2,164 2,164 200DB 5.000000000000 0 0    
LEASEHOLD IMPROVEMENTS 2003-06-01 21,795 10,946 SL 39.000000000000 164 0    
FURNITURE & FIXTURES 2002-07-01 3,100 3,100 200DB 7.000000000000 0 0    
FURNITURE & FIXTURES 2006-05-02 2,572 2,572 200DB 7.000000000000 0 0    
FURNITURE & FIXTURES 2008-08-15 2,216 2,216 200DB 7.000000000000 0 0    
COMPUTER EQUIPMENT - 2016 2016-04-18 2,241 1,120 200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2018 2018-12-19 2,050   200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2019 2019-03-06 2,051   200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2019 2019-04-19 1,486   200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2020 2020-04-14 1,381   200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2023 2023-03-15 3,148   200DB 5.000000000000 2,644 0    
COMPUTER EQUIPMENT - 2023 2023-12-31 1,419   200DB 5.000000000000 1,192 0    

TY 2023 InvestmentsCorpStockSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Name of Stock End of Year Book Value End of Year Fair Market Value
SECURITIES, FIXED INCOME & MUTUAL FUNDS 89,511,272 89,511,272

TY 2023 InvestmentsOtherSchedule2
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
LITTLE LEAF FARMS LLC AT COST 1,654,025 1,654,025

TY 2023 LandEtcSchedule2
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTER EQUIPMENT - 2010 2,390 2,390 0  
COMPUTER EQUIPMENT - 2011 2,164 2,164 0  
FURNITURE & FIXTURES 3,100 3,100 0  
FURNITURE & FIXTURES 2,216 2,216 0  
COMPUTER EQUIPMENT - 2016 2,241 2,241 0  
COMPUTER EQUIPMENT - 2018 2,050 2,050 0  
COMPUTER EQUIPMENT - 2019 2,051 2,051 0  
WEBSITE DEVELOPMENT 53,550 53,550 0  
COMPUTER EQUIPMENT - 2020 1,381 1,381 0  
COMPUTER EQUIPMENT - 2023 3,148 2,644 504  
COMPUTER EQUIPMENT - 2023 1,419 1,192 227  


TY 2023 LegalFeesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 1,991 0   1,991


TY 2023 OtherAssetsSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSITS 23,165 23,165 23,165


TY 2023 OtherDecreasesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description Amount
OTHER DIFFERENCES AS REPORTED ON K-1 PASS-THROUGH ENTITIES 3,916


TY 2023 OtherExpensesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMPUTER EXPENSE 7,351 0   7,351
OFFICE EXPENSE 40,309 0   40,309
POSTAGE & DELIVERY 68 0   68
PROGRAM EXPENSES 37,883 0   37,883
TELEPHONE & INTERNET 25,323 0   25,323
SHARON PROPERTY COSTS 1,018 0   1,018
DEDUCTIONS FROM INVESCO DB COMMODITY INDEX TRACKING FUND K-1 0 384   0
INSURANCE 5,249 0   5,249
DEDUCTIONS FROM HEITMAN AMERICA REAL ESTATE TRUST K-1 28 28   0
DEDUCTIONS FROM HIGHBAR PARTNERS III K-1 36,584 36,584   0
DEDUCTIONS FROM LITTLE LEAF FARM LLC K-1 702 702   0
DEDUCTIONS FROM DALFEN LAST MILE INDUSTRIAL FUND K-1 2,283 2,283   0
DEDUCTIONS FROM INDUSTRY VENTURES IX K-1 27,841 27,841   0
DEDUCTIONS FROM IPI FUND II-A LP K-1 17,644 17,644   0
DEDUCTIONS FROM ARA FUND II-A K-1 24,790 24,790   0
DEDUCTIONS FROM TRIVE CAPITAL IV K-1 17,622 17,622   0
INVESTMENT LOSS FROM LITTLE LEAF FARM 322,998 322,998   0
INVESTMENT LOSS FROM GLENDOWER SOF IV 55,270 55,270   0
INVESTMENT LOSS FROM DIRECT LENDING FUND III 6,594 6,594   0
INVESTMENT LOSS FROM TRIVE CAPITAL IV 6,482 6,482   0
DEDUCTIONS FROM NEXUS SPECIAL SITUATIONS K-1 16,672 16,672   0
DEDUCTIONS FROM ENTERPRISE PARTNERS K-1 0 0   0
INVESTMENT LOSS FROM GLENDOWER SOF V 47,122 47,122   0
MANAGEMENT FEES 180,000 0   180,000
DEDUCTIONS FROM THOMABRAVO K-1 16,650 16,650   0
DEDUCTIONS FROM IPI FUND III-A LP K-1 27,298 27,298   0
DEDUCTIONS FROM ATLAS CAPITAL RESOURCES K-1 14,244 14,244   0
DEDUCTION FROM WINDROSE K-1 17,884 17,884   0
INVESTMENT LOSS FROM INDUSTRY VENTURES X 814 814   0
INVESTMENT LOSS FROM INDUSTRY VENTURES IX 97 97   0
INVESTMENT LOSS FROM NEXUS SPECIAL SITUATIONS III 9,106 9,106   0
INVESTMENT LOSS FROM ATLAS CAPITAL RESOURCES 1 1   0
DEDUCTION FROM INDUSTRY VENTURES X K-1 442 442   0
DEDUCTION FROM CVI CREDIT VALUE FUND K-1 897 897   0


TY 2023 OtherIncomeSchedule2
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CRESCENT DIRECT LENDING FUND, LP - K-1 2,927 2,927 2,927
IR&M CORE BOND FUND II 4,799 4,799 4,799
POWERSHARES DB COMMODITY INDEX TRACKING - K-1 0 -4,718 0
LITTLE LEAF FARM LLC - K-1 0 0 0
GLENDWOER SOF IV 0 0 0
DIRECT LENDING FUND III 0 0 0
CVI CREDIT VALUE FUND 12 12 12
INDUSTRY VENTURES IX 0 0 0
ENTERPRISE PRODUCTS PARTNERS L.P. - K-1 0 1,916 0
NEXUS SPECIAL SITUATIONS III 0 0 0
ARA FUND II-A 525 525 525
TRIVE CAPITAL IV 0 0 0
IR&M SHORT FUND 2,520 2,520 2,520
IPI FUND III-A LP 9,533 9,533 9,533
IPI FUND II-A LP 192 192 192
GLENDOWER SOF V 0 0 0
INDUSTRY VENTURES X 0 0 0
ATLAS CAPITAL RESOURCES 0 0 0


TY 2023 OtherIncreasesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description Amount
NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS AND LIMITED PARTNERSHIPS 9,967,765


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TY 2023 OtherNotesLoansRcvblLongSch
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
PIONEER VALLEY GROWS RISK CAPITAL POOL NONE 25,000 29,859 2015-12 2021-12 LUMP SUM, INCLUDING ACCRUED INTEREST 0 %   PROGRAM-RELATED INVESTMENT CASH 25,000
PIONEER VALLEY GROWS PATIENT CAPITAL POOL NONE 37,500 39,092 2015-12 2018-07 LUMP SUM, INCLUDING ACCRUED INTEREST 400.0000000000 %   PROGRAM-RELATED INVESTMENT CASH 37,500
PIONEER VALLEY GROWS PATIENT CAPITAL POOL NONE 37,500 39,002 2018-09 2026-09   400.0000000000 %   PROGRAM-RELATED INVESTMENT CASH 37,500

TY 2023 OtherProfessionalFeesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ALLOCABLE CONSULTING FEES 94,100 66,627   27,473
INVESTMENT MANAGEMENT FEES 129,782 129,782   0
CUSTODIAN FEES 54,082 54,082   0
RETIREMENT PLAN SERVICES 3,250 0   3,250


TY 2023 TaxesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MASSACHUSETTS ANNUAL REPORT - FORM PC 500 0   500
FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 357,518 0   357,518