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 JACK SATTER FOUNDATION
C/O HEMENWAY TRUST COMPANY
Number and street (or P.O. box number if mail is not delivered to street address)23 KEEWAYDIN DR SUITE 400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALEM, NH03079
A Employer identification number

65-6316190
B Telephone number (see instructions)

(603) 913-8022
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$59,985,586J 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      
4 Dividends and interest from securities... 1,327,526 1,327,526  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 570,036
b Gross sales price for all assets on line 6a 17,383,715
7 Capital gain net income (from Part IV, line 2)... 570,036
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).......      
12 Total. Add lines 1 through 11........ 1,897,562 1,897,562  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 110,000 0   110,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
12,277 6,138   6,139
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
347,052 159,189   187,863
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
8,000 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
248 248   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 477,577 165,575   304,002
25 Contributions, gifts, grants paid....... 6,425,808 6,425,808
26 Total expenses and disbursements. Add lines 24 and 25 6,903,385 165,575   6,729,810
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -5,005,823
b Net investment income (if negative, enter -0-) 1,731,987
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......... 4,855,915 2,549,671 2,549,671
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) 10,485,591 Click to see attachment
List of Attached Documents:
// Content
12,585,337 		11,824,204
b Investments—corporate stock (attach schedule)....... 23,909,069 Click to see attachment
List of Attached Documents:
// Content
19,753,848 		37,841,071
c Investments—corporate bonds (attach schedule)....... 8,581,562 Click to see attachment
List of Attached Documents:
// Content
8,016,660 		7,770,640
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)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 47,832,137 42,905,516 59,985,586
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)    
23 Total liabilities (add lines 17 through 22)......... 0 0
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 47,832,137 42,905,516
29 Total net assets or fund balances (see instructions)..... 47,832,137 42,905,516
30 Total liabilities and net assets/fund balances (see instructions). 47,832,137 42,905,516
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
47,832,137
2
Enter amount from Part I, line 27a .....................
2
-5,005,823
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
79,202
4
Add lines 1, 2, and 3 ..........................
4
42,905,516
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
42,905,516
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 VARIOUS PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 17,233,165   16,813,679 419,486
b 150,550     150,550
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       419,486
b       150,550
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 570,036
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 24,075
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 24,075
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 24,075
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 22,760
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 22,760
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
8 108
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,423
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
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 arrowFL
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 arrowN/A
14
The books are in care ofright arrowHEMENWAY TRUST COMPANY Telephone no.right arrow (603) 913-8022

Located atright arrow23 KEEWAYDIN DR SUITE 400SALEMNH ZIP+4right arrow03079
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
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
SAMUEL LEVY TRUSTEE
3.00 		20,000 0 0
12 CRESTWOOD DRIVE
FRAMINGHAM,MA01701
SYLVIA LEVY TRUSTEE
3.00 		20,000 0 0
12 CRESTWOOD DRIVE
FRAMINGHAM,MA01701
ERIC M WOLF TRUSTEE
11.00 		35,000 0 0
3891 TOULOUSE DRIVE
PALM BEACH GARDENS,FL33410
MARY LOU COCCI TRUSTEE
10.00 		35,000 0 0
3891 TOULOUSE DRIVE
PALM BEACH GARDENS,FL33410
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
NONE
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
HEMENWAY & BARNES LLP LEGAL & GRANT MANAGEMENT SERVICES 187,863
75 STATE STREET
BOSTON,MA02109
HEMENWAY TRUST CO LLC INVESTMENT MANAGEMENT SERVICES 33,947
23 KEEWAYDIN DR SUITE 400
SALEM,NH03079
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
56,445,041
b
Average of monthly cash balances.......................
1b
3,584,704
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
60,029,745
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
60,029,745
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
900,446
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
59,129,299
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,956,465
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
2,956,465
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
24,075
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
24,075
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,932,390
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,932,390
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
2,932,390
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
6,729,810
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
6,729,810
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 2,932,390
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...... 601,489
b From 2019...... 963,964
c From 2020...... 1,742,596
d From 2021...... 2,793,319
e From 2022...... 2,575,389
f Total of lines 3a through e ........ 8,676,757
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 6,729,810
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..... 2,932,390
e Remaining amount distributed out of corpus 3,797,420
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 12,474,177
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) ... 		601,489
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		11,872,688
10 Analysis of line 9:
a Excess from 2019.... 963,964
b Excess from 2020.... 1,742,596
c Excess from 2021.... 2,793,319
d Excess from 2022.... 2,575,389
e Excess from 2023.... 3,797,420
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

ACCESSPORTAMERICA INC

119 HIGH STREET
ACTON,MA01720 		  PC THE GAIT TRAINER PROGRAM 30,000

ACCESSPORTAMERICA INC

119 HIGH STREET
ACTON,MA01720 		  PC SUMMER SPORT PROGRAM AT WATCH CITY 30,000

AMERICAN CANCER SOCIETY

3 SPEEN STREET SUITE 250
FRAMINGHAM,MA01701 		  PC THE HOTEL PARTNERS PROGRAM IN BOSTON 150,000

AMERICAN CANCER SOCIETY

3 SPEEN STREET SUITE 250
FRAMINGHAM,MA01701 		  PC SUPPORT THE ASTRAZENECA HOPE LODGE IN BOSTON, IN MEMORY OF EDNA GLASS. 20,000

AMERICAN FRIENDS OF MAGEN DAVID ADOM

20 W 36TH STREET SUITE 1100
NEW YORK,NY10018 		  PC GENERAL OPERATING SUPPORT 5,000

AMERICAN FRIENDS OF SHALVA ISRAEL INC

441 LEXINGTON AVENUE SUITE 602
NEW YORK,NY10017 		  PC THE SHALVA NATIONAL CRISIS RESPONSE CENTER 10,000

BEACON ACADEMY

814 SOUTH STREET
BOSTON,MA021312429 		  PC ALUMNI AND SUMMER PROGRAMS 100,000

BOSTON MEDICAL CENTER CORPORATION

960 MASSACHUSETTS AVE 2ND FLOOR
BOSTON,MA02118 		  PC WRAP WITHOUT WALLS 747,673

BOSTON MEDICAL CENTER CORPORATION

960 MASSACHUSETTS AVE 2ND FLOOR
BOSTON,MA02118 		  PC CANCER PATIENT NAVIGATOR PROGRAM 91,435

BRIGHAM AND WOMEN'S HOSPITAL

263 HUNTINGTON AVENUE 318
BOSTON,MA02115 		  PC GILLIAN RENY STEPPING STRONG CENTER FOR TRAUMA INNOVATION BREAKTHROUGH AWARD ENDOWMENT 600,000

BRIGHAM AND WOMEN'S HOSPITAL

263 HUNTINGTON AVENUE 318
BOSTON,MA02116 		  PC GILLIAN RENY STEPPING STRONG CENTER FOR TRAUMA INNOVATION LEADERSHIP TEAM 200,000

CATIE'S CLOSET

28 LOON HILL ROAD
DRACUT,MA018264617 		  PC PROGRAM EXPANSION WITHIN THE BOSTON PUBLIC SCHOOLS 375,000

CHILDREN'S HOSPITAL CORPORATION

401 PARK DRIVE SUITE 602
BOSTON,MA02115 		  PC CHILD LIFE SERVICES 150,000

CHILDREN'S HOSPITAL CORPORATION

401 PARK DRIVE SUITE 602
BOSTON,MA02115 		  PC THE EVERY CHILD FUND, IN MEMORY OF GERARD HAYDEN 5,000

DANIEL'S TABLE INC

10 PEARL STREET
FRAMINGHAM,MA01702 		  PC OPERATING SUPPORT 5,000

EDVESTORS INC

142 BERKELEY STREET SUITE 410
BOSTON,MA02116 		  PC MATH IS FOR EVERYONE PROGRAMMING 100,000

ELS FOR AUTISM

18370 LIMESTONE CREEK ROAD
JUPITER,FL33458 		  PC CHALLENGE GRANT FOR THE RECREATION AND ADULT SERVICES PROGRAMS. THE CHALLENGE GRANT WILL REQUIRE A 1 TO .25 MATCH ANNUALLY 240,500

FRANCISCAN HOSPITAL FOR CHILDREN INC

30 WARREN STREET
BRIGHTON,MA02135 		  PC CHILDREN'S WELLNESS INITIATIVE 50,000

FRIENDS OF THE CALLAHAN SENIOR CENTER

535 UNION AVENUE
FRAMINGHAM,MA01702 		  PC OPERATING SUPPORT 5,000

FRIENDS OF THE CALLAHAN SENIOR CENTER

535 UNION AVENUE
FRAMINGHAM,MA01702 		  PC GENERAL OPERATING SUPPORT 5,000

HANLEY FOUNDATION

101 NORTHPOINT PARKWAY
WEST PALM BEACH,FL33407 		  PC PROJECT COPE, GRASP AND THE KIDS/TEEN PLACE. 35,000

HANLEY FOUNDATION

101 NORTHPOINT PARKWAY
WEST PALM BEACH,FL33401 		  PC PROJECT COPE, GRASP AND THE KIDS/TEEN PLACE. 65,000

HANLEY FOUNDATION

101 NORTHPOINT PARKWAY
WEST PALM BEACH,FL33401 		  PC SAFE PRESCRIBING INITIATIVE 200,000

HEBREW SENIORLIFE INC

1200 CENTRE STREET
BOSTON,MA02131 		  PC JEWISH PROGRAMMING AT THE JACK SATTER HOUSE. 25,000

HEBREW SENIORLIFE INC

1200 CENTRE STREET
BOSTON,MA02131 		  PC FBO THE JACK SATTER HOUSE FOR KOSHER DINING 5,000

HEBREW SENIORLIFE INC

1200 CENTRE STREET
BOSTON,MA02131 		  PC HEBREW REHABILITATION CENTER'S BRAIN STIMULATION AND HOME-BASED NEUROMODULATION PROGRAM 300,000

HEBREW SENIORLIFE INC

1200 CENTRE STREET
BOSTON,MA02131 		  PC GENERAL OPERATING SUPPORT FOR THE JACK SATTER HOUSE. 100,000

HUMANE SOCIETY OF GREATER JUPITER TEQUESTA INC

100 CAPITAL STREET
JUPITER,FL33458 		  PC FURRY FRIENDS SHELTER TO SERVICE DOG PROGRAM 50,000

INDIAN HILLS COMMUNITY COLLEGE FOUNDATION

525 GRANDVIEW AVENUE
OTTUMWA,IA52501 		  PC FOR THE BENEFIT OF THE BASEBALL PROGRAM 5,000

JEWISH EDUCATION IN MEDIA INC DBA JEWISH BROADCASTING SERVICE

PO BOX 360
STAMFORD,CT06904 		  PC GENERAL OPERATING SUPPORT 5,000

JUPITER MEDICAL CENTER FOUNDATION

1210 SOUTH OLD DIXIE HIGHWAY
JUPITER,FL33458 		  PC ALZHEIMER'S AND DEMENTIA CAREGIVER SUPPORT PROGRAM 200,000

JUPITER MEDICAL CENTER FOUNDATION

1210 SOUTH OLD DIXIE HIGHWAY
JUPITER,FL33458 		  PC MINIMALLY INVASIVE CARDIAC SURGERY PROGRAM 200,000

LITERATIONS

1 FEDERAL STREET 5TH FLOOR
BOSTON,MA02110 		  PC EXPANSION OF THE INTERGENERATIONAL LITERACY PROGRAM IN FRAMINGHAM PUBLIC SCHOOLS 30,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA STREET SUITE 540
BOSTON,MA02114 		  PC DEMENTIA CARE COLLABORATIVE 350,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA STREET SUITE 540
BOSTON,MA02114 		  PC THE MGH FUND, IN HONOR OF ANNE ESPOSITO 20,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA STREET SUITE 540
BOSTON,MA02114 		  PC IN MEMORY OF PAULA WOLFSON TO SUPPORT THE ANDREW WARSHAW INSTITUTE FOR PANCREATIC CANCER RESEARCH FUND IN HONOR OF DOCTOR DAVID RYAN 5,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA STREET SUITE 540
BOSTON,MA02114 		  PC THE MASSGENERAL INSTITUTE FOR NEURODEGENERATIVE DISEASE (MIND) YOUNG INVESTIGATORS PROGRAM 300,000

MIND MUSIC AND MOVEMENT FOUNDATION FOR NEUROLGICAL DISORDERS INC

PO BOX 7128
JUPITER,FL33468 		  PC GENERAL OPERATING SUPPORT 5,000

MINDING YOUR MIND

124 SIBLEY AVENUE
ARDMORE,PA19003 		  PC MENTAL HEALTH EDUCAITON PROGRAMS IN MASSACHUSETTS 150,000

MINDING YOUR MIND

124 SIBLEY AVENUE
ARDMORE,PA19003 		  PC MENTAL HEALTH EDUCATION PROGRAMS IN FLORIDA 250,000

NEADS

PO BOX 1100
PRINCETON,MA01541 		  PC IN SUPPORT OF ALL SERVICE DOGS 125,000

NEW ENGLAND CONSERVATORY OF MUSIC

290 HUNTINGTON AVENUE
BOSTON,MA02115 		  PC HARRIS EDWARD "TEDDY" MALASKY MEMORIAL FUND 10,000

ONE MISSION

69 MILK STREET SUITE 300
WESTBOROUGH,MA01581 		  PC GENERAL PROGRAM SUPPORT IN BOSTON 100,000

PALM BEACH CANCER INSTITUTE FOUNDATION INC

3401 PGA BOULEVARD
PALM BEACH GARDENS,FL33410 		  PC SARI CENTER FOR INTEGRATIVE CANCER CARE IN HONOR OF DAVID CHARLOWE 10,000

PEDIATRIC ONCOLOGY SUPPORT TEAM INC

927 45TH STREET SUITE 203
WEST PALM BEACH,FL33407 		  PC GENERAL OPERATING SUPPORT 25,000

RIVERS SCHOOL CORPORATION

333 WINTER STREET
WESTON,MA02493 		  PC TO ESTABLISH THE SATTER SCHOLARS PROGRAM 50,000

RIVERS SCHOOL CORPORATION

333 WINTER STREET
WESTON,MA02493 		  PC EXISTING AUXILIARY FINANCIAL AID ENDOWMENT 100,000

RIVERS SCHOOL CORPORATION

333 WINTER STREET
WESTON,MA02493 		  PC TO ESTABLISH THE SATTER SCHOLARS PROGRAM 50,000

ROCKLAND ATHLETIC CLUB INC

50 ALBION STREET
ROCKLAND,MA02370 		  PC GENERAL OPERATING SUPPORT 5,000

SPAULDING REHABILITATION HOSPITAL

300 FIRST STREET
CHARLESTOWN,MA02129 		  PC SPAULDING PEDIATRIC PATIENT AND FAMILY CARE 400,000

TAKE STOCK IN CHILDREN PALM BEACH COUNTY

1896 PALM BEACH LAKES BLVD SUITE
103
WEST PALM BEACH,FL334093513 		  PC PROGRAM EXPANSION 75,000

THE GREATER BOSTON FOOD BANK INC

70 SOUTH BAY AVENUE
BOSTON,MA02118 		  PC GENERAL OPERATING SUPPORT 5,000

WOUNDED VETERANS RELIEF FUND

300 PROSPERITY FARMS ROAD SUITE F
NORTH PALM BEACH,FL33408 		  PC EMERGENCY FINANCIAL ASSISTANCE FOR DISABLED VETERANS 100,000

ZENO MOUNTAIN FARM

950 ZENO ROAD
BRISTOL,VT05443 		  PC GENERAL OPERATING SUPPORT 46,200

AMERICAN FRIENDS OF SHALVA ISRAEL INC

441 LEXINGTON AVENUE SUITE 602
NEW YORK,NY10017 		  PC GENERAL OPERATING SUPPORT 5,000

AMERICAN FRIENDS OF SHALVA ISRAEL INC

441 LEXINGTON AVENUE SUITE 602
NEW YORK,NY10017 		  PC THE SHALVA NATIONAL CRISIS RESPONSE CENTER 10,000

COTTING SCHOOL INC

453 CONCORD AVENUE
LEXINGTON,MA02421 		  PC PROJECT BRIDGES AND TRANSITION SERVICES 60,000

COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON INC

126 HIGH STREET
BOSTON,MA02110 		  PC THE ISRAEL EMERGENCY FUND 5,000

QUANTUM HOUSE INC

987 45TH STREET
WEST PALM BEACH,FL33407 		  PC GENERAL OPERATING SUPPORT 25,000
Total .................................right arrow 3a 6,425,808
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 1,327,526  
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 ............ 		    18 570,036  
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 1,897,562 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,897,562
(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

TY 2023 AccountingFeesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HEMENWAY & BARNES LLP TAX PREPARATION 12,277 6,138   6,139

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Name of Bond End of Year Book Value End of Year Fair Market Value
120227.543 VANGUARD S/T CORPORATE-INV 1,264,793 1,229,927
151000 AECOM SR GLBL NT 27 5.125% 03/15/2027 158,974 149,912
142000 CHARTER COMM OPT LLC/CAP 4.908% 07/23/25 144,747 140,649
168000 COMMONSPIRIT HEALTH BD 3.347% 10/01/2029 168,000 153,394
157000 CROWN CASTLE INTL CORP 4.3% 02/15/2029 164,594 151,094
155000 DIAMONDBACK ENERGY INC 3.5% 12/01/2029 153,371 143,952
156000 FISERV INC SR GLBL NT 4.2% 10/01/2028 158,443 152,457
155000 HOWMET AEROSPACE INC 6.875% 05/01/2025 163,623 157,009
217000 MICROSOFT CORP GLBL 2.525% 06/01/2050 164,864 148,139
620000 UNITED RENTALS NORTH 5.5% 05/15/2027 64,287 62,137
174000 AMERICAN EXPRESS CO VAR 12/31/2099 171,663 149,170
175000 BK OF AMERICA CORP FR VAR 03/15/2050 204,372 154,032
148000 BOEING CO SR 5.15% 05/01/2030 167,129 150,665
176000 VERIZON COMMUNICATIONS 3.55% 03/22/2051 181,226 135,608
154000 AMERICAN TOWER CORP NEW SR GLBL NT DTD 10/03/2019 2.75% 01/15/2027 141,195 144,350
212000 BALL CORP SR GLBL NT 2.875% 08/15/2030 CALL 175,580 181,894
139000 CELANESE US HLDGS LLC VAR 03/15/2025 138,119 146,941
154000 CHENIERE ENERGY PARTNERS 4.5% 10/01/2029 145,525 147,296
156000 DELL INTL LLC/EMC CORP 5.3% 10/01/2029 176,653 160,649
169000 FREEPORT MCMORAN INC 4.25% 03/01/2030 172,045 158,703
138000 GOLDMAN SACHS GROUP 3.5% 04/01/2025 131,183 134,862
181000 JPMORGAN CHASE & CO SR VAR 04/22/2042 177,773 139,794
146000 MORGAN STANLEY FR DTD 01/23/2019 145,128 142,201
142000 NRG ENERGY INC SR NT 5.75% 01/15/2028 135,965 141,479
149000 OLIN CORP SR GLBL NT DTD 07/16/2019 5.625% 08/01/2029 146,206 146,631
175000 ORACLE CORP SR 2.8% 04/01/2027 160,146 165,067
169000 SONOCO PRODS CO SR 2.85% 02/01/2032 165,167 143,799
162000 TEVA PHARMACEUTICALS NE 3.15% 10/01/2026 146,408 149,996
119000 UNITED RENTALS INC SR 3.875% 02/15/2031 107,898 108,123
161000 WELLS FARGO & CO FR DTD 10/31/2019 VAR 10/30/2030 144,245 143,123
154000 KRAFT HEINZ FOODS CO 3.75% 04/01/2030 156,218 147,138
148000 AIRCASTLE LTD SR 4.25% 06/15/2026 141,549 142,986
58000 AT&T INC 5.4% 02/15/2034 CALLABLE 57,955 59,817
181000 BANK NEW YORK MELLON VAR 12/31/2099 148,873 156,444
167000 CAMPBELL SOUP CO SR 2.375% 04/24/2030 138,772 144,749
107000 CLEVELAND-CLIFFS INC 5.875% 06/01/2027 102,720 106,618
159000 CROWDSTRIKE HLDGS INC 3.00% 02/15/2029 140,318 143,693
134000 ENERGY TRANSFER PARTNERS 6.55% 12/01/2033 142,559 145,430
159000 HCA INC. SR GLBL NT 3.5% 09/01/2030 141,683 144,138
140000 GENERAL MOTORS FINL CO 5.8% 06/23/2028 137,126 143,858
132000 NETFLIX INC 5.875% 11/15/2028 133,730 138,967
152000 NAVIENT CORPORATION 5.00% 03/15/2027 138,320 146,750
125000 OCCIDENTAL PETE CORP 7.875% 09/15/2031 142,428 142,195
146000 PNC FINANCIAL SERVICES VAR 01/24/2034 139,747 142,855
138000 MCDONALDS CORP FR 4.8% 08/14/2028 134,495 140,381
139000 US BANCORP FR VAR 06/12/2029 138,728 142,802
169000 WALGREENS BOOTS 3.2% 04/15/2030 142,117 148,766

TY 2023 InvestmentsCorpStockSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Name of Stock End of Year Book Value End of Year Fair Market Value
8750 NESTLE NAM SPON ADR 652,947 1,011,763
10750 ABBOTT LABORATORIES 456,999 1,183,253
11500 ALPHABET INC CL A 362,332 1,606,435
8500 AMAZON.COM INC 746,406 1,291,490
7600 ANALOG DEVICES INC 537,234 1,509,056
9000 APPLE INC COM 216,918 1,732,770
8500 APTARGROUP INC 595,284 1,050,770
5250 AUTOMATIC DATA PROCESSING INC 441,688 1,223,093
2300 BECTON DICKINSON & CO 549,815 560,809
5600 DANAHER CORP 487,851 1,295,504
9500 FISERV INC COM 494,460 1,261,980
3300 HOME DEPOT INC 449,534 1,143,615
8000 JOHNSON & JOHNSON 821,894 1,253,920
3800 MASTERCARD INC CL A 342,405 1,620,738
3700 MICROSOFT CORP 698,528 1,391,348
5000 NIKE INC CL B 640,759 542,850
3300 NVIDIA CORP 37,826 1,634,226
7250 PROCTER & GAMBLE CO 575,068 1,062,415
3800 ROCKWELL AUTOMATION INC 412,911 1,179,824
10500 TJX COMPANIES INC NEW 621,737 985,005
9500 XYLEM INC 423,491 1,086,420
10000 CANADIAN NATL RY CO COM 655,002 1,256,300
26328.284 DODGE & COX FDS INTL STK FD 981,022 1,294,298
30023.611 FPA CRESCENT FUND 955,417 1,159,812
61800.464 NEUBERGER BERMAN LONG SHORT FD 850,103 1,078,417
91825.438 ROBECO BP LNG/SHRT RES INS 1,387,964 1,214,850
11000 ADVANCED MICRO DEVICES INC 355,884 1,621,510
6000 MEDTRONIC PLC 551,675 494,280
13000 RTX CORPORATION COM 800,218 1,093,820
12500 SCHNEIDER ELEC ADR 416,144 502,875
400 ADOBE INC COM 234,332 238,640
89428.193 ADVISORS INNER CIRCLE FD III GQG PRIN INSTL 1,250,000 1,416,543
87209.302 AMG RIVER ROAD SELECT VALUE FUND CL I 750,000 842,442

TY 2023 InvestmentsGovtObligationsSch
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
US Government Securities - End of Year Book Value:

11,656,922
US Government Securities - End of Year Fair Market Value:

10,963,355
State & Local Government Securities - End of Year Book Value:


928,415
State & Local Government Securities - End of Year Fair Market Value:


860,849


TY 2023 OtherExpensesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 248 248   0


TY 2023 OtherIncreasesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Description Amount
ADJUSTMENT 74,228
STATE REFUND 4,974


TY 2023 OtherProfessionalFeesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GW&K INVESTMENT MANAGEMENT FEES 33,947 33,947   0
HEMENWAY TRUST COMPANY INVESTMENT MANAGEMENT 125,242 125,242   0
HEMENWAY & BARNES LLP GRANT ADMINISTRATION 187,863 0   187,863


TY 2023 TaxesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX PAID -ESTIMATES 8,000 0   0