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 Schooner Foundation
c/o Schooner Capital LLC
Number and street (or P.O. box number if mail is not delivered to street address)60 South Street Suite 1120
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02111
A Employer identification number

04-3347626
B Telephone number (see instructions)

(617) 963-5200
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$248,732,681J 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 809,908 809,908  
4 Dividends and interest from securities... 3,451,726 3,451,726  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 13,269,565
b Gross sales price for all assets on line 6a 47,296,586
7 Capital gain net income (from Part IV, line 2)... 13,269,565
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
43,912 43,912  
12 Total. Add lines 1 through 11........ 17,575,111 17,575,111  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 164,793 0   164,400
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
1,080 0   780
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
60,674 0   60,596
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
280,056 62,174   13,351
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
1,118 0  
20 Occupancy..............        
21 Travel, conferences, and meetings....... 32,756 0   28,831
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,045,459 1,994,490   32,139
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,585,936 2,056,664   300,097
25 Contributions, gifts, grants paid....... 9,646,986 9,646,986
26 Total expenses and disbursements. Add lines 24 and 25 12,232,922 2,056,664   9,947,083
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 5,342,189
b Net investment income (if negative, enter -0-) 15,518,447
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......... 42,924,972 68,761,694 68,761,694
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)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 150,042,009 Click to see attachment
List of Attached Documents:
// Content
175,960,223 		175,960,223
14 Land, buildings, and equipment: basis right arrow13,331
Less: accumulated depreciation (attach schedule) right arrow13,145 1,304 Click to see attachment
List of Attached Documents:
// Content
186 		186
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
2,835,119 		Click to see attachment
List of Attached Documents:
// Content
4,010,578 		Click to see attachment
List of Attached Documents:
// Content
4,010,578
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 195,803,404 248,732,681 248,732,681
Liabilities 17 Accounts payable and accrued expenses.......... 17,995 5,243,726
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
0 		Click to see attachment
List of Attached Documents:
// Content
2,767,002
23 Total liabilities (add lines 17 through 22)......... 17,995 8,010,728
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........... 195,785,409 240,721,953
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 195,785,409 240,721,953
30 Total liabilities and net assets/fund balances (see instructions). 195,803,404 248,732,681
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
195,785,409
2
Enter amount from Part I, line 27a .....................
2
5,342,189
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
47,572,705
4
Add lines 1, 2, and 3 ..........................
4
248,700,303
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
7,978,350
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
240,721,953
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 SalesForce Inc P    
b SPX Put Option Exp 12/29/23 P    
c Aegean Airlines P    
d Autohellas SA P    
e Cairo Mezz P    
Character Group P    
Eurobank P    
Fourlis SA P    
Link Mobility Group Holdings P    
Farragut P    
Galaxy Cosmos Mezz PLC P    
Mugoya Estates Note P    
From K-1: Green Bay Ventures Growth LLC P    
From K-1: Green Bay Ventures Opportunities LLC - SD P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 985,983   999,968 -13,985
b 1,913,337   2,036,185 -122,848
c 10,443,941   4,512,937 5,931,004
d 2,170,595   434,914 1,735,681
e 220,669   123,424 97,245
1,208,134   1,853,182 -645,048
21,216,471   9,728,153 11,488,318
1,974,035   2,175,482 -201,447
3,281,724   6,982,961 -3,701,237
3,872,388   2,717,526 1,154,862
9,309     9,309
    52,976 -52,976
    1,019,580 -1,019,580
    1,389,733 -1,389,733
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       -13,985
b       -122,848
c       5,931,004
d       1,735,681
e       97,245
      -645,048
      11,488,318
      -201,447
      -3,701,237
      1,154,862
      9,309
      -52,976
      -1,019,580
      -1,389,733
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 13,269,565
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) 1 215,706
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........................... 3 215,706
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- ..... 5 215,706
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 287,704
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.............. 7 287,704
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 71,998
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow71,998 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowJonathan Corbett Treasurer Telephone no.right arrow (617) 963-5200

Located atright arrow60 South Street Suite 1120BostonMA ZIP+4right arrow02111
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16Yes  
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrowMP
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)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Vincent J Ryan Trustee
5.00 		0 0 0
10703 Charleston Drive
Vero Beach,FL32963
Carla E Meyer Trustee
1.00 		0 0 0
10703 Charleston Drive
Vero Beach,FL32963
Jennifer Ryan Trustee
1.00 		0 0 0
41 Barnard Hill Rd
Boylston,MA01505
Cynthia A Ryan Trustee/Director
1.00 		0 0 0
514 Americas Way PMB 16304
Box Elder,SD577197600
Kimberly R Dano Trustee
1.00 		0 0 0
2611 Oakland Avenue
Nashville,TN37212
Stephanie R Ditenhafer Trustee
1.00 		0 0 0
2504 Oakland Avenue
Nashville,TN37212
Stephen D Maiocco Trustee/Treasurer in 2023
2.00 		0 0 0
23 Gerloff Road
Falmouth,MA02540
Nicholas L Ryan Trustee
1.00 		0 0 0
175 Richdale Ave 103
Cambridge,MA02140
Julia B Pettengill Executive Director
40.00 		164,252 0 0
64 Dartmouth Street
Belmont,MA02478
Jonathan Corbett Treasurer in 2024
2.00 		0 0 0
34 Auburndale Road
Marblehead,MA01945
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
Schooner Capital LLC Investment & Administrative Services 1,439,183
60 South Street Suite 1120
Boston,MA02111
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 Mugoya Farm Estates Limited: A debt program related investment to support sustainable agriculture, training and finance assets including technical equipment to be used to develop the farm. 0
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
172,347,054
b
Average of monthly cash balances.......................
1b
55,850,600
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
228,197,654
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
228,197,654
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,422,965
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
224,774,689
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
11,238,734
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
11,238,734
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
215,706
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
215,706
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
11,023,028
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
11,023,028
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
11,023,028
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
9,947,083
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
9,947,083
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 11,023,028
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...... 1,509,815
b From 2019...... 163,851
c From 2020...... 1,332,235
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........ 3,005,901
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 9,947,083
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..... 9,947,083
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 1,075,945 1,075,945
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,929,956
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) ... 		433,870
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,496,086
10 Analysis of line 9:
a Excess from 2019.... 163,851
b Excess from 2020.... 1,332,235
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
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).)
Vincent J Ryan
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

ACLU Foundation of TN

PO Box 120160
Nashville,TN37212 		  PC General Operations 5,000

Block Island Club

PO Box 147
Block Island,RI02807 		  PC General Support 5,000

Block Island Health Services

PO Box 919
Block Island,RI02807 		  PC Capital Campaign 50,000

Boston Bridges Initiative Inc

PO Box 293
Weston,MA02493 		  PC General Support 50,000

Boys and Girls Clubs of Indian River County

1729 17th Avenue
Vero Beach,FL32960 		  PC General Support 10,000

Brennan Center for Justice

120 Broadway STE 1750
New York,NY10271 		  PC General Support 200,000

Center Stone Foundation Inc

PO Box 530281
Atlanta,GA30353 		  PC General Support 5,000

Choose Love Inc

45 W 36th Street Floor 6
New York,NY10018 		  PC Turkey & Syria Earthquake Emergency Response 100,000

Council for Native Hawaiian Advancement

91-1270 Kinoiki St Bldg 1
Kapolei,HI96707 		  PC Kako Maui Fund (Maui Fire Emergency Response) 50,000

Crossover Mission Inc

4425 US-1
Vero Beach,FL32967 		  PC General Support 100,000

Dothouse Health Inc

1353 Dorchester Avenue
Dorchester,MA02122 		  PC Support of the Superemos Foundation 65,000

Familias Triunfadras Inc

12496 Socorro Rd
San Elizario,TX79849 		  PC General Support 50,000

Father's Uplift Inc

12 Southern Ave
Dorchester,MA02124 		  PC General Support and Mentorship Program 75,000

Fortify Rights Inc

PO Box 110
Portland,ME04915 		  PC Human Rights - Myanmar 100,000

Forward TN

5016 Centennial Blvd Suite 200
Nashville,TN37209 		  PC General Support 2,500

Freeform

12405 Venice Blvd Suite 422
Los Angeles,CA90066 		  PC General Support 5,000

Friends of Radnor Lake

1160 Otter Creek Road
Nashville,TN372201471 		  PC General Support 1,000

Gallman Africa Conservancy

30 W 60th Street Apt 5C
New York,NY100237909 		  PC Designated for funding the Operations Manager Role 100,000

Gerald E Allen Foundation Corporation

1101 17th Ave South
Nashville,TN37212 		  PC Treatment Scholarship 8,500

Gifford Legal Services Clinic Inc

4875 43rd Avenue
Vero Beach,FL32967 		  PC General Support 65,000

Gifford Youth Achievement Center

4875 43rd Avenue
Vero Beach,FL32967 		  PC Capital Campaign 60,000

Global Fund for Children

1411 K Street NW 12th Floor
Washington,DC20005 		  PC Arpan 30,000

Global Greengrants Fund

2840 Wilderness Place Suite A
Boulder,CO80301 		  PC General Support 25,000

Gordon School

45 Maxfield Avenue
East Providence,RI02914 		  PC General Support 5,000

Hack Diversity Inc

50 Milk Street 16th FL
Boston,MA02109 		  PC Annual Grant & Capacity Building Grant 125,000

Harvard Kennedy School President and Fellows

79 JFK Street
Cambridge,MA02138 		  PC Deans Council, Leadership Council, HKS Carr Center 75,000

Harvard Kennedy SchoolPresident and Fellows

79 JFK Street
Cambridge,MA02138 		  PC HKS Carr Center for Human Rights - Racial Justice Challenge 25,000

Harvard Medical School

401 Park Drive Suite 505
Boston,MA02215 		  PC HMS Program in Global Public Policy and Social Change 100,000

Here Right Matters Foundation

4222 Fortuna Centre STE 456
Dumfries,VA22025 		  PC Patient Support 10,000

Here Right Matters Foundation

4222 Fortuna Centre STE 456
Dumfries,VA22025 		  PC Ukraine Medic Education 500,000

Hillsboro School PTSO

3812 Hillsboro Pike
Nashville,TN38215 		  PC General Support 5,000

Hobart and William Smith Colleges

300 Pulteney Street
Geneva,NY14456 		  PC General Support 1,000

Homeless Children's Foundation of Indian River County

2050 13th Ave Box 606
Vero Beach,FL32960 		  PC General Support 50,000

Hopewell Foundation

1201 Connecticut Ave NW STE 300
Washington,DC20036 		  PC Free Election Fund General Operating Grant 250,000

Immigrant Justice Corps Inc

17 Battery Pl STE 1234
New York,NY10004 		  PC General Support 100,000

Indian River Community Foundation

PO Box 643968
Vero Beach,FL32964 		  PC IRCF Center for Indicators and Insights 20,000

Indian River Land Trust

3150 Cardinal Dr Ste 201
Vero Beach,FL32963 		  PC General Support 20,000

Initiative for a Competitive Inner City

PO Box 191297
Roxbury,MA02119 		  PC General Support 10,000

Institute for Justice and Democracy in Haiti

892 Plain St Ste 1
Marshfield,MA02050 		  PC General Support 50,000

International Justice Mission

PO Box 2227
Arlington,VA22202 		  PC General Support 6,000

John F Kennedy Library Foundation

Columbia Point
Boston,MA02125 		  PC Annual Gala 15,000

Karam Foundation

230 Northgate 742
Lake Forest,IL60045 		  PC Emergency Earthquake Relief 100,000

Karam Foundation

230 Northgate 742
Lake Forest,IL60045 		  PC General Support 100,000

King Baudouin Foundation United States

551 Fifth Ave Suite 200
New York,NY10176 		  PC African Visionary Fund 250,000

King Baudouin Foundation United States

551 Fifth Ave Suite 200
New York,NY10176 		  PC Friendship Bench US Fund 100,000

King Baudouin Foundation United States

551 Fifth Ave Suite 200
New York,NY10176 		  PC FundiBots US Fund 100,000

King Baudouin Foundation United States

551 Fifth Ave Suite 200
New York,NY10176 		  PC Ember Fund 100,000

KIPP Nashville

PO Box 78126
Nashville,TN37207 		  PC General Support 7,000

Labhya USA Inc

47 Cross Street
Topsfield,MA01983 		  PC General Support 10,000

Lake Tanganyika Floating Health Clinic

1646 North Leavitt Street
Chicago,IL60647 		  PC Research partnership with JRS & TNC 50,000

Last Mile Health

Dept 1400 PO Box 986524
Boston,MA022986524 		  PC Community Health & General Operations 100,000

Little Sisters Fund Inc

PO Box 909
Hailey,ID83333 		  PC General Operations & Capacity Building Grant 40,000

Madre Inc

121 West 27th Street 604
New York,NY10001 		  PC General Support 250,000

Madre Inc

121 West 27th Street 604
New York,NY10001 		  PC Gaza Emergency Response 90,000

Martha O'Bryan Cebter Center

711 S 7th Street
Nashville,TN37206 		  PC General Support 20,000

Massachusetts General Hospital

125 Nashua Street Suite 540
Boston,MA02114 		  PC Rural Health Fellowship Program 250,000

Mindful Philanthropy Inc

120 S 21ts Street 503
Philadelphia,PA19103 		  PC General Support 5,000

Montana State University Foundation

PO Box 172750
Bozeman,MT59715 		  PC General Support 10,000

Montserrat Aspirers Inc

PO Box 240874
Dorchester,MA02124 		  PC General Support 16,000

NAACP

4805 Mount Hope Dr
Baltimore,MD212153206 		  PC Salary of Executive Director of BCVF 97,500

Nashville Safe Haven Family Shelter

1234 Third Avenue South
Nashville,TN37210 		  PC General Support 2,000

Network of Engaged International Donors Global

131 Dartmouth St 3rd Fl
Boston,MA02116 		  PC Network for Engaged International Donors Membership for 2023 3,500

Network of Engaged International Donors Global

131 Dartmouth St 3rd Fl
Boston,MA02116 		  PC 2023 NEID Gala 2,500

New Hampton School

70 Main Street
New Hampton,NH03256 		  PC General Support 5,000

Nyaya Health

99 Wall Street 4100
New York,NY10005 		  PC Rural Healthcare Program 200,000

Oasis Center

1704 Charlotte Ave Suite 200
Nashville,TN37203 		  PC Emergency Shelter and Counseling services 5,000

One Heart Worldwide

8141 El Extenso Court
San Diego,CA92119 		  PC OHWW Expansion of the Skilled Birthing Membership Program 100,000

ORCA

PO Box 4291
Fort Pierce,FL34948 		  PC Citizen Science 50,000

Partners in Health

800 Boylston St Suite 300
Boston,MA02199 		  PC Advance Global Health Equity via Human Resources for Health Advocacy 289,085

Plan A Health Inc

700 Columbus Avenue 20066
New York,NY10025 		  PC General Support 100,000

Planned Parenthood of TN and North MS

2430 Poplar Avenue Suite 100
Memphis,TN38112 		  PC General Support 6,000

Primera Iglesia Bautista Hispana de Mayfield Inc

401 Jeffrey Street
Mayfield,KY42066 		  PC Flood Victims 10,000

Protect Democracy

2020 Pennsylvania Ave NW 163
Washington,DC20006 		  PC General Support 250,000

Public Rights Project

490 43rd Street Unit 115
Oakland,CA94609 		  PC General Support 10,000

Recidiviz Inc

135 West 20th Street 5th Floor
New York,NY10011 		  PC General Support 100,000

Resilient Sisterhood Project Inc

263 Huntington Avenue Suite 302
Boston,MA02115 		  PC General Support 30,000

Resilient Sisterhood Project Inc

263 Huntington Avenue Suite 302
Boston,MA02115 		  PC Schooner Foundation organizational development grant 20,000

Resolution Project

370 Lexington Ave Room302
New York,NY10017 		  PC Accelerating Impact Challenge and Fellow Ventures 50,000

Rian Immigrant Center

One State Street 8th Floor
Boston,MA02109 		  PC General Support, BMC Partnership, Matching 100,000

RYR-1 Foundation

PO Box 13312
Pittsburgh,PA15243 		  PC Executive Director Position 35,000

Seed Global Health Inc

20 Ashburton Place 6th Floor
Boston,MA02108 		  PC Global Health Equity - Emergency Medical Training 250,000

Shirley Ryan Ability Lab

355 E Erie Street
Chicago,IL606113167 		  PC Perez Lab 200,000

Sicangu Community Development Center

27565 Research Park Drive PO Box
236
Mission,SD57555 		  PC In support of Health Director Position 32,500

Sicangu Community Development Center

27565 Research Park Drive PO Box
236
Mission,SD57555 		  PC Capacity Building Grant 17,000

Silent Spring Institute

320 Nevada Street
Newton,MA02460 		  PC General Support 15,000

SisterLove Inc

3709 Bakers Ferry Rd SW
Atlanta,GA30331 		  PC Domestic Efforts in Georgia 5,500

St George's School

372 Purgatory Road
Middleton,RI02842 		  PC General Support 2,000

State Leadership Project

PO Box 223
Raleigh,NC27602 		  PC Strategic Victory Fund's Megaphone Program 500,000

Syrian American Medical Society Foundation

1012 14th Street NW Suite 1500
Washington,DC20005 		  PC Earthquake Emergency Response 200,000

Syrian American Medical Society Foundation

1012 14th Street NW Suite 1500
Washington,DC20005 		  PC Provision of Mental Health and Psychosocial Services for Syrian Refugees 250,000

Teach United

19 Old Town Square Suite 238
Fort Collins,CO80524 		  PC General Support 100,000

Tennessee Higher Education Initiative

1006 Shelby Ave
Nashville,TN37206 		  PC General Support 50,000

Tennessee Immigrant & Refugee Rights Coalition

3310 Ezell Road
Nashville,TN37211 		  PC General Support 10,000

Tennessee Innocence Project

2126 21st Avenue South
Nashville,TN37212 		  PC General Support 200,000

Tennessee Innocence Project

700 Craighead St STE 300
Nashville,TN37204 		  PC Sponsorship table at Five Years of Fighting for Freedom event - for Exonorees 5,500

Tennessee Justice for our Neighbors

2195 Nolensville Pike
Nashville,TN37211 		  PC General Support 5,000

The Friendship Bench Inc

485 Barbara Way
Hillsborough,CA94010 		  PC Friendship Bench 2023 Board Retreat 1,000

The Friendship Bench Inc

PO Box 117338
Burlingame,CA94011 		  PC Friendship Bench US for a Organizational Development Grant 25,000

The Furniture Society

1226 Duell Rd
Stanfordville,NY12581 		  PC Nuts and Bolts Program 50,000

The Furniture Society

1226 Duell Rd
Stanfordville,NY12581 		  PC General Support 10,000

The Marjorie Inc

6209 NW 246th Ave
Alachua,FL32615 		  PC General Support 25,000

The Marshall Project Inc

156 West Street Suite 701
New York,NY10019 		  PC General Support 100,000

The Nature Conservancy

PO Box 1287
Block Island,RI02807 		  PC General Support 12,000

The Progressive

PO Box 121
Madison,WI53701 		  PC General Support 1,000

The Roddenberry Foundation

15260 Ventura Blvd 1040
Sherman Oaks,CA91403 		  PC Schooner/Roddenberry + 1 Global Fund - Food Security 250,000

The Stephen C Rose Legacy Foundation

PO Box 9070
Providence,RI02940 		  PC Steve Fund for expanding digital reach 100,000

Think Tennessee

414 Union Street Suite 1900
Nashville,TN37219 		  PC General Support 9,000

Trustees of Boston University

44 Cummington Mall
Boston,MA02215 		  PC BU Center for Forced Displacement 500,000

Trustees of Boston University

595 Commonwealth Avenue Suite 700
Boston,MA02215 		  PC Friends of Mens Rowing - Boston Univeristy Giving Day 25,000

Trustees of Boston University

881 Commonwealth Avenue
Boston,MA02215 		  PC Betty J. Ruth and Ken Schulman Scholarship Fund 20,000

Trustees of Boston University

881 Commonwealth Avenue
Boston,MA02215 		  PC Student fund in honor of Mena DaSilva-Clark for BU Giving Day 20,000

Trustees of Boston University

881 Commonwealth Avenue
Boston,MA02215 		  PC Cuala Press 1,901

Trustees of Tufts University

200 Westboro Road
North Grafton,MA01536 		  PC Cummings School of Vetinary Medicine 20,000

Turquoise Mountain Foundation

1634 I Street Suite 205
Washington,DC200064020 		  PC Seed Funding in Jordan, Critical Gap Afghanistan 350,000

UC Davis Foundation

202 Cousteau Place Suite 185
Davis,CA95618 		  PC Support for Animal Science Inititives 5,000

UCSF Foundation

Lock Box 45339
San Francisco,CA94145 		  PC HEAL Initiative - Capacity Building Grant 275,000

Utopia Foundation Inc

123 W Front St Suite B
Traverse City,MI49684 		  PC Butterfly Home 10,000

Vero Beach Rowing Inc

95 Cache Max Drive
Vero Beach,FL32963 		  PC Annual Gift 2,000

Vet Voice Foundation Inc

4518 N Kerby Ave Box 10031
Portland,OR97117 		  PC Informed American Leadership, Veteran Voter File Project 250,000

Village Health Works

45 West 36th St 8th Floor
New York,NY10018 		  PC M&E Project 50,000

Village Health Works

45 West 36th St 8th Floor
New York,NY10018 		  PC Improving the Continuum of Mental Health Care at CHW Level 50,000

Youth Sailing Foundation of Indian River County

17 17th St
Vero Beach,FL32960 		  PC Capital Campaign 50,000
Total .................................right arrow 3a 9,646,986
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 ........... 		    14 809,908  
4 Dividends and interest from securities ....     14 3,451,726  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 43,912  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 13,269,565  
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 17,575,111 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
17,575,111
(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


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Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

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TY 2023 DepreciationSchedule
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
APPLE IPHONE X 2018-06-01 1,432 1,432 SL 3.000000000000 0 0    
APPLE MACBOOK PRO 2018-06-01 3,262 3,262 SL 3.000000000000 0 0    
APPLE MACBOOK PRO 2018-11-01 3,761 3,761 SL 3.000000000000 0 0    
APPLE MACBOOK AIR 2018-12-01 1,523 1,523 SL 3.000000000000 0 0    
APPLE MACBOOK AIR 2021-03-01 3,353 2,049 SL 3.000000000000 1,118 0    

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TY 2023 ExpenditureResponsibilityStmt
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
Mugoya Farm Estates Limited
  		PO Box 29130
Kampala    
UG 		2015-04-29 49,500 To Support Sustainable Agriculture, training and to finance assets including technical equipment to be used to develop the farm.     07/27/16, 08/08/2016, 11/18/16, 01/30/17, 6/29/2022    

TY 2023 GeneralExplanationAttachment
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Identifier Return Reference Explanation
  Expenditure Responsibility Statement, Part VII-B, Line 5C Mugoya Farm Estates LimitedAdditional Dates of Reports:02/07/2018, 05/14/2018, 01/21/2019, 11/12/2021, 06/29/2022

TY 2023 InvestmentsOtherSchedule2
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Other Investments FMV 175,960,223 175,960,223

TY 2023 LandEtcSchedule2
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
APPLE IPHONE X 1,432 1,432 0  
APPLE MACBOOK PRO 3,262 3,262 0  
APPLE MACBOOK PRO 3,761 3,761 0  
APPLE MACBOOK AIR 1,523 1,523 0  
APPLE MACBOOK AIR 3,353 3,167 186  


TY 2023 LegalFeesSchedule
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal Expense 1,080 0   780


TY 2023 OtherAssetsSchedule
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
A/R 1,886,647 3,872,570 3,872,570
Note Receivable SAF - Mugoya Farm Estates Ltd 49,500 0 0
Interest & Dividend Receivable 665,792 59,152 59,152
Other Assets 233,180 78,856 78,856


TY 2023 OtherDecreasesSchedule
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Description Amount
Deferred Supplemental Fees 7,978,350


TY 2023 OtherExpensesSchedule
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Portfolio Deductions 1,536,601 1,536,601   0
K-1 Green Bay Ventures Growth - Other Loss 211,999 211,999   0
K-1 Gallatin Point Capital Partners - Other Loss 195,307 195,307   0
Due and Subscriptions 3,559 0   2,669
Insurance and Benefits 2,550 0   2,527
Operating Expenses 12,505 0   9,543
Payroll Processing Fees 2,355 0   2,355
Postage & Shipping 0 0   45
Admin Service Charges 30,000 0   15,000
K-1 Moon Capital - Other Loss 1,241 1,241   0
K-1 Green Bay Ventures Opp - Other Loss 49,339 49,339   0
K-1 Moon Capital - Investment Interest 3 3   0


TY 2023 OtherIncomeSchedule2
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Other Income - Foreign Currency 43,855 43,855 43,855
Other Misc Income 57 57 57


TY 2023 OtherIncreasesSchedule
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Description Amount
Unrealized Gain/Loss 44,575,060
Flow through amounts from K-1 investments 2,794,382
Partnership Distributions 203,263


TY 2023 OtherLiabilitiesSchedule
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Description Beginning of Year - Book Value End of Year - Book Value
Deferred Supplemental Fees 0 2,767,002


TY 2023 OtherProfessionalFeesSchedule
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Consulting 60,674 0   60,596


TY 2023 TaxesSchedule
Name:
The Schooner Foundation
 
c/o Schooner Capital LLC
EIN:
04-3347626
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Foreign Taxes 62,174 62,174   0
Excise & Payroll Taxes 217,882 0   13,351