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 SHAPIRO FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)339 CHESTNUT STREET UNIT 2
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEEDHAM, MA02492
A Employer identification number

04-3541595
B Telephone number (see instructions)

(818) 610-2900
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$132,903,628J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 459,125 459,125  
4 Dividends and interest from securities... 321,081 321,081  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,793,214
b Gross sales price for all assets on line 6a 9,593,000
7 Capital gain net income (from Part IV, line 2)... 1,452,527
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
2,069,981 3,021,915  
12 Total. Add lines 1 through 11........ 4,643,401 5,254,648  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 529,000 0   529,000
15 Pension plans, employee benefits....... 95,887 0   95,887
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
166,366 0   166,366
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
71,084 14,216   56,868
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
323,803 0   323,803
17 Interest............... 704,829 704,829   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
828,858 3,176   825,682
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 20,950 0   20,950
21 Travel, conferences, and meetings....... 138,594 0   138,594
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
637,808 563,386   74,422
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,517,179 1,285,607   2,231,572
25 Contributions, gifts, grants paid....... 11,094,363 11,094,363
26 Total expenses and disbursements. Add lines 24 and 25 14,611,542 1,285,607   13,325,935
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -9,968,141
b Net investment income (if negative, enter -0-) 3,969,041
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.............      
2 Savings and temporary cash investments......... 14,637,518 893,860 893,860
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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 arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,562,479 Click to see attachment
List of Attached Documents:
// Content
731,892 		731,892
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 0 Click to see attachment
List of Attached Documents:
// Content
11,078,385 		11,078,385
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).......... 92,641,793 Click to see attachment
List of Attached Documents:
// Content
96,869,949 		104,691,112
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
25,504,004 		Click to see attachment
List of Attached Documents:
// Content
15,508,379 		Click to see attachment
List of Attached Documents:
// Content
15,508,379
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 136,345,794 125,082,465 132,903,628
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
21,812 		Click to see attachment
List of Attached Documents:
// Content
23,346
23 Total liabilities (add lines 17 through 22)......... 21,812 23,346
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 136,323,982 125,059,119
29 Total net assets or fund balances (see instructions)..... 136,323,982 125,059,119
30 Total liabilities and net assets/fund balances (see instructions). 136,345,794 125,082,465
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
136,323,982
2
Enter amount from Part I, line 27a .....................
2
-9,968,141
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
126,355,841
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
1,296,722
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
125,059,119
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 SHORT TERM CAPITAL GAIN FROM PASSTHROUGH P   2023-12-31
b LONG TERM CAPITAL GAIN FROM PASSTHROUGH P   2023-12-31
c SHORT TERM CAPITAL GAIN MS#0253 P   2023-12-31
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 8,868,000   1,913,053 6,954,947
b     5,502,420 -5,502,420
c 725,000   725,000 0
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       6,954,947
b       -5,502,420
c       0
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,452,527
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 55,170
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 55,170
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 55,170
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 256,417
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.............. 7 256,417
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 201,247
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow201,247 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.THESHAPIROFOUNDATION.ORG
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (818) 610-2900

Located atright arrow339 CHESTNUT STREET UNIT 2NEEDHAMMA ZIP+4right arrow02492
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
Yes
 
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
 
No
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
EDWARD L SHAPIRO TRUSTEE
30.00 		0 0 0
339 CHESTNUT STREET UNIT 2
NEEDHAM,MA02492
BARBARA J SHAPIRO TRUSTEE
5.00 		0 0 0
339 CHESTNUT STREET UNIT 2
NEEDHAM,MA02492
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
LAWRENCE L TOBIN FDTN DIRECTOR
40.00 		339,000 43,500 0
339 CHESTNUT STREET UNIT 2
NEEDHAM,MA02492
KAYLA W ROWE EXECUTIVE ASSISTANT
40.00 		190,000 22,500 0
339 CHESTNUT STREET UNIT 2
NEEDHAM,MA02492
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
SARAH WISEMAN CONSULTING 166,366
5503 LITTLE HARBOUR ROAD
LITTLE HARBOUR,NOVA SCOTIAB25 5C4
CA
MOBILIZATION CONSULTING CONSULTING 150,000
200 MULOCK DR
NEWMARKET,ONTARIOL3Y 9B6
CA
ALEJANDRO OKRET CONSULTING 138,899
4 HALE CLOSE
LONDON   E4 6SA
UK
ESMOND & ASSOCIATES INC ACCOUNTING 71,084
23901 CALABASAS RD
CALABASAS,CA91302
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
13,409,616
b
Average of monthly cash balances.......................
1b
13,228,952
c
Fair market value of all other assets (see instructions)................
1c
120,108,657
d
Total (add lines 1a, b, and c).........................
1d
146,747,225
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
146,747,225
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
2,201,208
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
144,546,017
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
7,227,301
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
7,227,301
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
55,170
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
55,170
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
7,172,131
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
7,172,131
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
7,172,131
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
13,325,935
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
13,325,935
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 7,172,131
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...... 590,753
b From 2019...... 919,343
c From 2020...... 1,607,644
d From 2021...... 1,563,627
e From 2022...... 2,765,495
f Total of lines 3a through e ........ 7,446,862
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 13,325,935
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..... 7,172,131
e Remaining amount distributed out of corpus 6,153,804
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 13,600,666
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) ... 		590,753
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		13,009,913
10 Analysis of line 9:
a Excess from 2019.... 919,343
b Excess from 2020.... 1,607,644
c Excess from 2021.... 1,563,627
d Excess from 2022.... 2,765,495
e Excess from 2023.... 6,153,804
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).)
EDWARD L SHAPIRO
BARBARA J SHAPIRO
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

ACS ANTHENS

RODNEY SQUARE 100 N KIND STREET
WILMINGTON,DE19801 		NONE PUBLIC CHARITY EDUCATION 92,250

ADAPTIVE SPORTS PARTNERS OF THE NORTH COUNTRY

297 MAIN STREET
FRANCONIA,NH03580 		NONE PUBLIC CHARITY DOMESTIC NEEDS 515

AIRBNBORG

888 BRANNAN STREET
SAN FRANCISCO,CA94103 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 1,100,000

ALIGHT

1325 QUINCY STREET NE SUITE A1
MINNEAPOLIS,MN55413 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 656,667

BATES COLLEGE

2 ANDREWS RD
LEWISTON,ME04240 		NONE PUBLIC CHARITY EDUCATION 50,500

BEAVER COUNTRY DAY SCHOOL

791 HAMMOND STREET
CHESTNUT HILL,MA02467 		NONE PUBLIC CHARITY EDUCATION 61,627

BENTLEY UNIVERSITY

175 FOREST STREET
WALTHAM,MA02452 		NONE PUBLIC CHARITY EDUCATION 15,000

BLESSED ARE THE FLEXIBLE CORPORATION

364 MUSKRAT FARM ROAD
STOCKTON SPRINGS,ME04981 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 515

BOSTON BRIDGES INITIATIVE

PO BOX 293
WESTON,MA02493 		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000

BOSTON CHILDREN'S HOSPITAL

300 LONGWOOD AVENUE
BOSTON,MA02115 		NONE PUBLIC CHARITY MEDICAL RESEARCH 1,002,500

BOSTON MEDICAL CENTER

1 BOSTON MEDICAL CENTER
BOSTON,MA02118 		NONE PUBLIC CHARITY MEDICAL RESEARCH 450,000

BRIDGE2RWANDA

1818 N TAYLOR ST SUITE B
LITTLE ROCK,AR72207 		NONE PUBLIC CHARITY EDUCATION 124,500

CHOOSE LOVE

45 WEST 36TH STREET 6TH FLOOR
NEW YORK,NY10018 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 1,285,000

CONNECTICUT IMMIGRANT & REFUGEE COALITION

36 WOODLAND STREET
HARTFORD,CT06105 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 13,500

DUET

50 MILK STREET
BOSTON,MA02110 		NONE PUBLIC CHARITY EDUCATION 194,614

EDUCATION FOR ALL CHILDREN

104 CONGRESS STREET SUITE 301
PORTSMOUTH,NH03801 		NONE PUBLIC CHARITY EDUCATION 7,500

EMORY

1599 CLIFTON ROAD
ATLANTA,GA30322 		NONE PUBLIC CHARITY EDUCATION 30,000

EVERY CAMPUS A REFUGE

5800 WEST FRIENDLY AVENUE
GREENSBORO,NC27410 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 83,000

FALMOUTH ROAD RACE

PO BOX 732
FALMOUTH,MA02541 		NONE PUBLIC CHARITY DOMESTIC NEEDS 273

FOCUSING PHILANTHROPY

1637 16TH STREET
SANTA MONICA,CA90404 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 200,000

FRIENDS OF THE UNIVERSITY OF OTTAWA

1725 I STREET NW SUITE 800
WASHINGTON,DC20006 		NONE PUBLIC CHARITY EDUCATION 300,000

HIAS

1300 SPRING STREET SUITE 500
SILVER SPRING,MD20910 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 100,000

HORIZONS FOR HOMELESS CHILDREN

1705 COLUMBUS AVENUE
ROXBURY,MA02119 		NONE PUBLIC CHARITY DOMESTIC NEEDS 309,195

HUMANITARIAN INNOVATION GROUP

1325 AVENUE OF THE AMERICAS SUITE
2700
NEW YORK,NY10019 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 20,000

HUMANITY RISES

346 CONGRESS STREET UNIT 402
BOSTON,MA02210 		NONE PUBLIC CHARITY DOMESTIC NEEDS 60,000

IMMIGRANT FAMILY SERVICES INSTITUTE (IFSI)

1626 BLUE HILL AVENUE
MATTPAN,MA02126 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 112,500

INSTITUTE FOR COMMUNITY HEALTHLEAH ZALLMAN CENTER

350 MAIN STREET
MALDEN,MA02148 		NONE PUBLIC CHARITY MEDICAL 10,000

INTEGRATED REFUGEE & IMMIGRANT SERVICES

235 NICOLL STREET 2ND FLOOR
NEW HAVEN,CT06511 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 5,000

INTERNATION INSTITUTE OF NEW ENGLAND

2 BOYLSTON STREET 3RD FLOOR
BOSTON,MA02116 		NONE PUBLIC CHARITY EDUCATION 255,000

INTERNATIONAL REFUGEE ASSISTANCE PROJECT (IRAP)

ONE BATTERY PARK PLAZA 4TH FLOOR
NEW YORK,NY10004 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 500,000

JAPAN ICU FOUNDATION

475 RIVERSIDE DRIVE 439
NEW YORK,NY10115 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 68,000

JEWISH BIG BROTHERS BIG SISTERS

333 NAHANTON STREET
NEWTON,MA02459 		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000

JEWISH FAMILY SERVICES

1430 MAIN ST
WALTHAM,MA02451 		NONE PUBLIC CHARITY DOMESTIC NEEDS 50,000

JUSTICE ACTION CENTER

PO BOX 27280
LOS ANGELES,CA90027 		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000

JUVENILE DIABETES RESEARCH FUNDING

200 VESEY STREET 28TH FLOOR
NEW YORK,NY10281 		NONE PUBLIC CHARITY MEDICAL RESEARCH 500

KARAM FOUNDATION

2045 W GRAND AVE STE B UNIT 88293
CHICAGO,IL60612 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 50,000

MEMORIAL SLOAN KETTERING GIVING

933 3RD AVENUE 5TH FLOOR
NEW YORK,NY10017 		NONE PUBLIC CHARITY MEDICAL RESEARCH 100

MILES4MIGRANTS

3629 LAUREL STREET
NEW ORLEANS,LA70115 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 1,130,000

NEW ENGLAND INTERNATIONAL DONORS (NEID)

120 ST JAMES AVE
BOSTON,MA02116 		NONE PUBLIC CHARITY MEDICAL RESEARCH 5,050

OPEN COLLECTIVE

340 S LEMON AVENUE 3717
WALNUT,CA91789 		NONE PUBLIC CHARITY DOMESTIC NEEDS 50,000

PINE TREE SOCIETY

71 US-1 B
SCARBOROUGH,ME04074 		NONE PUBLIC CHARITY DOMESTIC NEEDS 500

POLITICAL ASYLUM IMMIGRATION REP (PAIR)

98 N WASHINGTON STREET 106
BOSTON,MA02114 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 30,000

RAINBOW RAILROAD

424 WEST 54TH STREET
NEW YORK,NY10019 		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000

REBEKAH'S ANGEL FOUNDATION

808 3RD AVENUE WEST SUITE 701
BRADENTON,FL34205 		NONE PUBLIC CHARITY DOMESTIC NEEDS 500

REFUGE COFFEE CO

4170 E PONCE DE LEON AVE NE
CLARKSTON,GA30021 		NONE PUBLIC CHARITY DOMESTIC NEEDS 3,500

REFUGEE COUNCIL USA (RCUSA)

1628 16TH STREET NW
WASHINGTON,DC20009 		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000

REFUGEE HOME PROJECT

134 E 40TH STREET
NEW YORK,NY10016 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 190,000

REFUGEES INTERNATIONAL

1800 M STREET NW SUITE 405N
WASHINGTON,DC20036 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 25,000

REFUGEPOINT

689 MASSACHUSETTS AVENUE 2ND FLOOR
CAMBRIDGE,MA02139 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 90,209

ROCKEFELLER PHILANTHROPY ADVISORS

6 WEST 48TH STREET 10TH FLOOR
NEW YORK,NY10036 		NONE PUBLIC CHARITY EDUCATION 250,000

SHARE OUR STRENGTH

1030 15TH STREET NW SUITE 1100 W
WASHINGTON,DC20005 		NONE PUBLIC CHARITY DOMESTIC NEEDS 9,200

SOCIAL FINANCE

10 MILK STREET SUITE 1010
BOSTON,MA02108 		NONE PUBLIC CHARITY DOMESTIC NEEDS 300,000

SOLES4SOULS

319 MARTINGALE DRIVE
OLD HICKORY,TN37138 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 10,000

SOUTHERN NEW HAMPSHIRE UNIVERSITY

2500 N RIVER RD
HOOKSETT,NH03106 		NONE PUBLIC CHARITY EDUCATION 77,922

SQUASHBUSTERS

795 COLUMBUS AVENUE
ROXBURY CROSSING,MA02120 		NONE PUBLIC CHARITY DOMESTIC NEEDS 5,000

TARGET ALS

PO BOX 1598
NEW YORK,NY10101 		NONE PUBLIC CHARITY MEDICAL RESEARCH 2,500

TEACH FOR AMERICA

25 BROADWAY 12TH FLOOR
NEW YORK,NY10004 		NONE PUBLIC CHARITY EDUCATION 10,000

TEAM IMPACT

500 VICTORY BLVD
QUINCY,MA02171 		NONE PUBLIC CHARITY DOMESTIC NEEDS 29,500

TEMPLE BETH ELOHIM

10 BETHEL ROAD
WELLESLEY,MA02481 		NONE PUBLIC CHARITY DOMESTIC NEEDS 53,899

TENACITY

38 EVERETT STREET SUITE 50
BOSTON,MA02134 		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000

THE AMERICAN SERVICE

1321 7TH STREET WEST 2
SAINT PAUL,MN55102 		NONE PUBLIC CHARITY DOMESTIC NEEDS 400,000

THE CHILDREN'S ROOM

1210 MASSACHUSETTS AVENUE
ARLINGTON,MA02476 		NONE PUBLIC CHARITY DOMESTIC NEEDS 5,000

THE ETHIOPIAN COMMUNITY DEVELOPMENT COUNCIL (ECDC)

901 S HIGHLAND STREET
ARLINGTON,VA22204 		NONE PUBLIC CHARITY EDUCATION 512

THE GOLDRICH FAMILY FOUNDATION

5150 OVERLAND AVENUE
CULVER CITY,CA90230 		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000

THE NISKANEN CENTER

820 FIRST STREET NE SUITE 675
WASHINGTON,DC20002 		NONE PUBLIC CHARITY DOMESTIC NEEDS 105,392

THE RASHI SCHOOL

8000 GREAT MEADOW ROAD
DEDHAM,MA02026 		NONE PUBLIC CHARITY EDUCATION 413,000

THREE SQUARES NEW ENGLAND (RIDE FOR FOOD)

PO BOX 1055
DEDHAM,MA02027 		NONE PUBLIC CHARITY DOMESTIC NEEDS 361

THRIVE SCHOLARS

160 STATE STREET
BOSTON,MA02109 		NONE PUBLIC CHARITY DOMESTIC NEEDS 20,000

UCLA FOUNDATION - ANDERSON

110 WESTWOOD PLAZA
LOS ANGELES,CA90024 		NONE PUBLIC CHARITY EDUCATION 60,562

UNIVERSITY OF PENNSYLVANIA-WHARTON

3620 LOCUST WALK
PHILADELPHIA,PA19104 		NONE PUBLIC CHARITY EDUCATION 20,000

WELCOME FUND

90 CHURCH ST
NEW YORK,NY10007 		NONE PUBLIC CHARITY DOMESTIC NEEDS 127,500

WELCOMENST

225 CEDAR HILL SUITE 200
MARLBOROUGH,MA01752 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 20,000

WHITE STAR EDUCATION FUND

1007 EASY STREET
BURKBURNETT,TX76354 		NONE PUBLIC CHARITY EDUCATION 32,000

WORLD RELIEF

7 E BALTIMORE ST 1602
BALTIMORE,MD21202 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 279,000
Total .................................right arrow 3a 11,094,363
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 ........... 		900001   14 459,125  
4 Dividends and interest from securities .... 900001   14 321,081  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		900001 340,687 18 1,452,527  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPASSTHROUGH ORDINARY INCOME 		900001 105,043 01 1,116,284  
bPASSTHROUGH INCOME (LOSS) 900001 -1,056,977 01 -365,976  
cPASSTHROUGH INTEREST INCOME 900001 0 01 1,454,263  
dPASSTHROUGH DIVIDEND INCOME 900001 0 01 809,094  
eMORGAN STANLEY ACCRUED MARKET DISCOUNT 900001 0 01 8,250  
12 Subtotal. Add columns (b), (d), and (e) .. -611,247 5,254,648 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
4,643,401
(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.)
3 NONE
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

TY 2023 AccountingFeesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 71,084 14,216   56,868

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Name of Bond End of Year Book Value End of Year Fair Market Value
MS CORPORATE BONDS - BANK OF MONTREAL 720,411 720,411
MS CORPORATE BONDS - TOYOTA MOTOR CREDIT CORP 526,412 526,412
MS CORPORATE BONDS - GILEAD SCIENCES INC 711,468 711,468
MS CORPORATE BONDS - ABBVIE INC 714,546 714,546
MS CORPORATE BONDS - AMERICAN HONDA FINANCE CORP 731,074 731,074
MS CORPORATE BONDS - ROYAL BANK OF CANADA 719,207 719,207
MS CORPORATE BONDS - AMERICAN EXPRESS CO 727,661 727,661
MS CORPORATE BONDS - HONEYWELL INTERNATIONAL INC 722,233 722,233
MS CORPORATE BONDS - AMAZON.COM INC 724,199 724,199
MS CORPORATE BONDS - WALT DISNEY CO/THE 727,500 727,500
MS CORPORATE BONDS - NEXTERA ENERGY CAPITAL HOLDINGS INC 703,827 703,827
MS CORPORATE BONDS - WELLS FARGO & CO 711,241 711,241
MS CORPORATE BONDS - CATERPILLAR FINANCIAL SERVICES CORP 714,907 714,907
MS CORPORATE BONDS - TORONTO-DOMINION BANK/THE1 704,462 704,462
MS CORPORATE BONDS - UNITEDHEALTH GROUP INC 509,635 509,635
MS CORPORATE BONDS - BANK OF NOVA SCOTIA/THE 709,602 709,602

TY 2023 InvestmentsGovtObligationsSch
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
US Government Securities - End of Year Book Value:

0
US Government Securities - End of Year Fair Market Value:

0
State & Local Government Securities - End of Year Book Value:


731,892
State & Local Government Securities - End of Year Fair Market Value:


731,892


TY 2023 InvestmentsOtherSchedule2
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BETTOR CAPITAL FUND FMV 2,887,383 2,783,545
BRACEBRIDGE - BIL FUND FMV 8,000,000 9,175,102
CONTINUUM HEALTH VENTURES FMV 450,000 409,803
DIGITAL FUEL CAPITAL FUND I LP FMV 1,022,967 1,366,978
FLYBRIDGE 2019 LEADERS LP FMV 231,109 228,705
FLYBRIDGE 2022 LP FMV 442,591 434,394
FLYBRIDGE OPPORTUNITIES 2022 FMV 130,085 128,479
FORGELIGHT (UNIVISION) INVESTORS II LLC FMV 2,002,077 2,219,969
GRIFFIN GAMING PARTNERS II LP FMV 592,691 656,181
HILL CITY OFFSHORE FUND FMV 3,000,000 4,576,162
ITHAN CREEK LP FMV 5,000,000 5,561,225
ORVIETO FUND I LP FMV 7,521,100 7,521,100
PAR GROUP II, L.P. FMV 35,453,336 35,453,336
POWERHOUSE CAPITAL I L.P. FMV 308,716 333,965
PRI - SOCIAL FINANCE CT - UP FUND FMV 240,471 191,904
PRI- KIVA REFUGEE INVESTMENT FUND LLC FMV 248,843 276,904
SELVA II LP FMV 86,739 82,367
FL (FORGELIGHT) TVUN III LLC FMV 4,073,988 5,661,993
JONES STREET INVESTMENT FUND II FMV 3,740,884 3,820,005
CRAWFORD CAPITAL PARTNERS LP FMV 4,969,591 4,969,591
LARP HOLDINGS LLC FMV 13,914,368 15,698,135
LEGACY RIDGE CAPITAL PARTNERS EQUITY FUND I FMV 1,249,057 1,249,057
NEWPATH PARTNERS III FMV 49,908 53,815
TIMBERLANE ACQUISITION FUND LLC FMV 1,168,211 1,752,563
MS MUTUAL FUNDS - MSILF PRIME PTF INST (MPFXX) FMV 85,834 85,834

TY 2023 LegalFeesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 166,366 0   166,366


TY 2023 OtherAssetsSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENT IN FILM PROJECT 104,004 104,004 104,004
PROGRAM RELATED INVESTMENT - WORKAROUND 25,000 25,000 25,000
PROGRAM RELATED INVESTMENT - LOAN RECEIVABLE - KIVA USER FUNDS 100,000 100,000 100,000
PROGRAM RELATED INVESTMENT - CENTER FOR ECONOMIC OPPORTUNITY FUND 275,000 274,375 274,375
DUE FROM PAR GROUP II, L.P. 25,000,000 15,000,000 15,000,000
DUE FROM OTHERS 0 5,000 5,000


TY 2023 OtherDecreasesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Description Amount
UNREALIZED CHANGE IN VALUE OF INVESTMENTS 1,296,722


TY 2023 OtherExpensesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DEDUCTIONS RELATED TO PORTFOLIO INCOME FROM PASSTHROUGH 541,296 541,296   0
MEALS 33,980 0   33,980
INSURANCE 1,187 0   1,187
BANK FEES 524 0   524
UTILITIES 4,216 0   4,216
DUES & SUBSCRIPTIONS 1,321 0   1,321
OFFICE SUPPLIES 4,199 0   4,199
PARKING 3,555 0   3,555
POSTAGE 19 0   19
OFFICE EXPENSES 25,421 0   25,421
INVESTMENT FEES 22,090 22,090   0


TY 2023 OtherIncomeSchedule2
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASSTHROUGH ORDINARY INCOME 1,221,327 1,116,284 1,221,327
PASSTHROUGH INCOME (LOSS) -1,422,953 -365,976 -1,422,953
PASSTHROUGH INTEREST INCOME 1,454,263 1,454,263 1,454,263
PASSTHROUGH DIVIDEND INCOME 809,094 809,094 809,094
MORGAN STANLEY ACCRUED MARKET DISCOUNT 8,250 8,250 8,250


TY 2023 OtherLiabilitiesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARDS PAYABLE 21,812 23,346


TY 2023 OtherProfessionalFeesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 323,803 0   323,803


TY 2023 TaxesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES 715,182 0   715,182
FOREIGN TAXES - FROM PASSTHROUGH 3,176 3,176   0
MASSACHUSETTS TAXES 110,500 0   110,500