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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
SHIPLEY FOUNDATION INC #0755496
 
Number and street (or P.O. box number if mail is not delivered to street address)NUTTER MCCLENNEN FISH POB 51400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02205
A Employer identification number

23-7015570
B Telephone number (see instructions)

(617) 439-2276
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$238,076,940J 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) 192,697
2 Check right arrow.............
3 Interest on savings and temporary cash investments 55,332 55,332  
4 Dividends and interest from securities... 3,148,627 3,148,627  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 9,977,050
b Gross sales price for all assets on line 6a 24,123,702
7 Capital gain net income (from Part IV, line 2)... 9,984,521
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
285,748 285,748  
12 Total. Add lines 1 through 11........ 13,659,454 13,474,228  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
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
428,921 321,691   107,230
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,000 7,500   2,500
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
203,908 151,932   51,976
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
88,403 38,403   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
932,138 698,730   233,408
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,663,370 1,218,256   395,114
25 Contributions, gifts, grants paid....... 9,977,586 9,977,586
26 Total expenses and disbursements. Add lines 24 and 25 11,640,956 1,218,256   10,372,700
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,018,498
b Net investment income (if negative, enter -0-) 12,255,972
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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............. 1,828 1,323 1,323
2 Savings and temporary cash investments......... 2,899,031 3,907,033 3,907,033
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)....... 101,843,108 Click to see attachment
List of Attached Documents:
// Content
98,806,414 		138,888,821
c Investments—corporate bonds (attach schedule)....... 20,431,604 Click to see attachment
List of Attached Documents:
// Content
25,427,105 		24,868,738
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).......... 32,385,124 Click to see attachment
List of Attached Documents:
// Content
31,437,318 		70,411,025
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) 157,560,695 159,579,193 238,076,940
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........ 59,077,250 59,077,250
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 98,483,445 100,501,943
29 Total net assets or fund balances (see instructions)..... 157,560,695 159,579,193
30 Total liabilities and net assets/fund balances (see instructions). 157,560,695 159,579,193
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
157,560,695
2
Enter amount from Part I, line 27a .....................
2
2,018,498
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
159,579,193
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
159,579,193
Form 990-PF (2024)
Form 990-PF (2024)
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 GOLDMAN SACHS #653 P 2022-02-01 2024-12-31
b GOLDMAN SACHS #649 P 2022-02-01 2024-12-31
c GOLDMAN SACHS #649 P 2024-02-01 2024-12-31
d SIGULAR BRIC P 2024-02-01 2024-12-31
e SIGULAR DIST P 2024-02-01 2024-12-31
AIERS DIRECT LEANDING P 2022-02-01 2024-12-31
ARES SOECIAL OPPORTUNITIES II ACCESS OFFSHORE P 2022-02-01 2024-12-31
VINTAGE VII AIV OFFSHORE SCSP P 2022-02-01 2024-12-31
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 19,072,700   9,867,614 9,205,086
b 3,653,880   3,774,386 -120,506
c 351,750   341,207 10,543
d     24,450 -24,450
e     131,524 -131,524
4,235     4,235
26,172     26,172
12,627     12,627
1,002,338     1,002,338
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       9,205,086
b       -120,506
c       10,543
d       -24,450
e       -131,524
      4,235
      26,172
      12,627
      1,002,338
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 9,984,521
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) 1 170,358
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........................... 3 170,358
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- ..... 5 170,358
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 226,675
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 100,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 326,675
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 156,317
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow156,317 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 instructionsClick to see attachment
List of Attached Documents:
// Content
.................
12
Yes
 
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 arrowNUTTER MCCLENNEN & FISH LLP Telephone no.right arrow (617) 439-2000

Located atright arrowSEAPORT WEST 155 SEAPORT BLVDBOSTONMA ZIP+4right arrow022102604
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 2024, 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 (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
RICHARD C SHIPLEY PRESIDENT
5.00 		0 0 0
NUTTERMCCLENNEN FISHLLP PO BOX
51400
BOSTON,MA02205
THOMAS P JALKUT TREASURER
5.00 		0 0 0
NUTTERMCCLENNEN FISHLLP PO BOX
51400
BOSTON,MA02205
RICHARD C SHIPLEY DIRECTOR
5.00 		0 0 0
NUTTERMCCLENNEN FISHLLP PO BOX
51400
BOSTON,MA02205
JULIA SATTI COSENTINO CLERK
5.00 		0 0 0
NUTTERMCCLENNEN FISHLLP PO BOX
51400
BOSTON,MA02205
THOMAS P JALKUT DIRECTOR
5.00 		0 0 0
NUTTERMCCLENNEN FISHLLP PO BOX
51400
BOSTON,MA02205
JULIA SATTI COSENTINO DIRECTOR
5.00 		0 0 0
NUTTERMCCLENNEN FISHLLP PO BOX
51400
BOSTON,MA02205
KAREN L SHIPLEY DIRECTOR
5.00 		0 0 0
NUTTERMCCLENNEN FISHLLP PO BOX
51400
BOSTON,MA02205
JASON R SHIPLEY VICE PRESIDENT
5.00 		0 0 0
NUTTERMCCLENNEN FISHLLP PO BOX
51400
BOSTON,MA02205
JASON R SHIPLEY DIRECTOR
5.00 		0 0 0
NUTTERMCCLENNEN FISHLLP PO BOX
51400
BOSTON,MA02205
FEYZA ALTINDAG SHIPLEY DIRECTOR
5.00 		0 0 0
NUTTERMCCLENNEN FISHLLP PO BOX
51400
BOSTON,MA02205
ELIZABETH S HUNT DIRECTOR
5.00 		0 0 0
NUTTERMCCLENNEN FISHLLP PO BOX
51400
BOSTON,MA02205
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 (2024)
Form 990-PF (2024)
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
GOLDMAN SACHS & CO INVESTMENT EXPENSE 831,607
200 WEST STREET
NEW YORK,NY10282
NUTTER MCCLENNEN & FISH LLP LEGAL FEES 428,921
155 SEAPORT BLVD
BOSTON,MA02201
NUTTER MCCLENNEN & FISH LLP PROFESSIONAL FEES (TRUSTEES FEES) 181,994
155 SEAPORT BLVD
BOSTON,MA02201
NUTTER MCCLENNEN & FISH LLP PROFESSIONAL FEES 10,000
155 SEAPORT BLVD
BOSTON,MA02201
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 (2024)
Form 990-PF (2024)
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
214,450,372
b
Average of monthly cash balances.......................
1b
3,303,553
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
217,753,925
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
217,753,925
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,266,309
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
214,487,616
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
10,724,381
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
10,724,381
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
170,358
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
170,358
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
10,554,023
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
10,554,023
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
10,554,023
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
10,372,700
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
10,372,700
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 10,554,023
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 9,976,687
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 10,372,700
a Applied to 2023, but not more than line 2a 9,976,687
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 2024 distributable amount..... 396,013
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 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 0
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		10,158,010
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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

AGASSIZ VILLAGE

9 VERNON ST
FRAMINGHAM,MA01710 		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000

AMERICAN FRIEND SERVICES COMMITTEE

1501 CHERRY STREET
PHILADELPHIA,PA19102 		NONE PUBLIC SUPPORT WORK WITH IMMIGRANTS AND REFUGEES IN MIAMI-DADE COUNTY 80,000

BAY AREA COMMUNITY SERVICES

390 40TH STREET
OAKLAND,CA94609 		NONE PUBLIC GENERAL OPERATING SUPPORT 30,000

BEST FRIENDS ANIMAL SOCIETY

501 ANGEL CANYON RD
KANAB,UT84741 		NONE PUBLIC FOR SHIPLEY DOG LODGES 493,086

BOSTON MEDICAL CENTER

ONE BOSTON MEDICAL CENTER PLACE
BOSTON,MA02118 		NONE PUBLIC ADDICTION FELLOWSHIP PROGRAM 100,000

BOSTON UNIVERSITY

ONE SHERBORN STREET
BOSTON,MA02215 		NONE PUBLIC SHIPLEY CENTER FOR DIGITAL LEARNING & INNOVATION 1,310,000

BREAKING THROUGH MIAMI

3250 SW 3RD AVE
MIAMI,FL33129 		NONE PUBLIC GENERAL OPERATING SUPPORT; CTR ON FORCED DISPLACEMENT; ANNUAL FUND; MED SCHOOL 50,000

BRIDGE TO HOPE

10844 SW 188TH ST
CULTER BAY,FL33157 		NONE PUBLIC GENERAL OPERATING SUPPORT 30,000

BRIDGE TO TURKIYE

1609 E FRANKLIN STREET
CHAPEL HILL,NC27514 		NONE PUBLIC DORMITORIES PROJECT 1,400,000

BRIDGE TO TURKIYE

1609 E FRANKLIN STREET
CHAPEL HILL,NC27514 		NONE PUBLIC CAPACITY BUILDING GRANT 175,000

BRIDGE TO TURKIYE

1609 E FRANKLIN STREET
CHAPEL HILL,NC27514 		NONE PUBLIC AL TINDAG- SHIPLEY SCHOLARSHIPS 250,000

CAMILLUS HOUSE

1603 NW 7TH AVE
MIAMI,FL33136 		NONE PUBLIC GENERAL OPERATING SUPPORT FUND 150,000

CATALYST FUND

1515 ARCH ST 12TH FLOOR
PHILADELPHIA,PA19102 		NONE PUBLIC GENERAL SUPPORT 290,000

CENTRO CAMPESINO FARMWORKERS CENTER

35801 SW 186TH AVE
HOMESTEAD,FL33034 		NONE PUBLIC FOR GENERAL OPERATING SUPPORT 75,000

CENTRO LEGAL DE LA RAZA

3400 E 12TH ST
OAKLAND,CA94601 		NONE PUBLIC FOR GENERAL OPERATING SUPPORT 25,000

CHILDREN'S BEREAVEMENT CENTER

6619 S DIXIE HWY 302
MIAMI,FL33143 		NONE PUBLIC GENERAL OPERATING SUPPORT 40,000

COCONUT GROVE CARES

3870 WASHINGTON AVE
MIAMI,FL33133 		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000

COLORADO STATE UNIVERSITY

OVAL DRIVE
FORT COLLINS,CO80523 		NONE PUBLIC SUPPORT RESEARCH BY DR STEVEN DOW ON MONOCYTE TARGETED IMMUNOTHERAPY 275,000

COLORADO-RAPID AVALANCHE DEPLOYMENT

PO BOX 983
FRISCO,CO80443 		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000

COMMUNITY HEALTH OF SOUTH FLORIDA

10300 SW 216TH STREET
MIAMI,FL33190 		NONE PUBLIC FOR COCONUT GROVE HEALTH CENTER 65,000

COMMUNITY WATER CENTER

900 W OAK AVE
VISALIA,CA93291 		NONE PUBLIC GENERAL OPERATING SUPPORT 35,000

DENOVO CENTER FOR JUSTICE AND HEALING

47 THORNDIKE ST
CAMBRIDGE,MA02141 		NONE PUBLIC GENERAL OPERATING SUPPORT 60,000

EARTH ISLAND INSTITUTE

2150 ALLSTON WAY SUITE 460
BERKELEY,CA94704 		NONE PUBLIC FOR USE BY FOOD SHIFT 25,000

ELAYNE FIVENSON

1489 BEACON ST APT 2
BROOKLINE,MA02446 		NONE PUBLIC BERNARD N. FIELDS PRIZE FOR MICROBIOLOGY (ELAYNE FIVENSON PHD ) 2,000

EMPOWER U COMMUNITY HEALTH CENTER

7900 NW 27TH AVE STE E-12
MIAMI,FL33147 		NONE PUBLIC TO COMBAT SUBSTANCE USE DISORDER 50,000

ENGLISH FOR NEW BOSTONIANS INC

105 CHAUNCY ST 4TH FL
BOSTON,MA02111 		NONE PUBLIC GENERAL OPERATING SUPPORT 70,000

FAMILY ACTION NETWORK

1718 SHERMAN AVE STE 201
EVANSTON,IL60201 		NONE PUBLIC GENERAL OPERATING SUPPORT 55,000

FARM SHARE

738 MAIN ST
WALTHAM,MA02451 		NONE PUBLIC GENERAL OPERATING SUPPORT 100,000

FLORIDA IMMIGRANT COALITION

2800 BISCAYNE BLVD 300
MIAMI,FL33137 		NONE PUBLIC GENERAL OPERATING SUPPORT 85,000

FLORIDA INTERNATIONAL UNIVERSITY

11200 SW 8TH ST
MIAMI,FL33199 		NONE PUBLIC STUDENT SUCCESS FUND-FOR SUPPORT OF STUDENTS IN NEED 55,000

FRIENDS OF MIAMI ANIMAL FOUNDATION

2665 S BAYSHORE DRIVE
MIAMI,FL33133 		NONE PUBLIC GENERAL OPERATING SUPPORT 115,000

FRIENDS OF THE COMMODORE TRAIL

3109 GRAND AVE 288
COCONUT GROVE,FL33133 		NONE PUBLIC GENERAL OPERATING SUPPORT 110,000

GREAT PLAINS CONSERVATION FOUNDATION

165 CAT ROCK LANE
JUPITER,FL33458 		NONE PUBLIC SUPPORT OF PROJECT REWILD AND SCHOOL FEEDING PROGRAM 100,000

HUMANE SOCIETY INTERNATIONAL

WASHINGTON STREET
BOSTON,MA02205 		NONE PUBLIC EARTHQUAKE RELIEF FUND IN TURKEY 150,000

ICAN

1126 16TH STREET NW SUITE 250
WASHINGTON,DC20036 		NONE PUBLIC SUPPORT OF WOMEN IN AFGHANISTAN 30,000

IRC'S CENTER OF ECONOMIC OPPORTUNITY INC

PO BOX 152188
SAN DIEGO,CA92195 		NONE PUBLIC SUPPORT OF ECONOMIC OPPORTUNITY CENTER 30,000

ISRAAID (US) GLOBAL HUMANITARIAN ASSISTANCE

PO BOX 61227
PALO ALTO,CA94306 		NONE PUBLIC FOR HUMANITARIAN RELIEF EFFORTS 30,000

LA COLABORATIVA INC

318 BROADWAY
CHELSEA,MA02150 		NONE PUBLIC HUNGER RELIEF EFFORTS 30,000

LEE MEMORIAL HEALTH SYSTEMS FOUNDATION

2776 CLEVELAND AVE
FORT MYERS,FL33901 		NONE PUBLIC CENTER FOR CARDIOTHORACIC SURGERY, INNOVATION, EDUCATION AND RESEARCH ENDOWMENT 25,000

LOMA LINDA UNIVERSITY HEALTH

11234 ANDERSON ST
LOMA LINDA,CA92354 		NONE PUBLIC SUPPORT OF THERANOSTICS PROGRAM 50,000

MASS DOWN SYNDROME CONGRESS

20 BURLINGTON MALL RD STE 261
BURLINGTON,MA01803 		NONE PUBLIC FOR DSC2U PROGRAM AND FOR MDSC BUDDY WALK- TAYLAN'S TROOPERS 150,000

MASSACHUSETTS SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS

350 SOUTH HUNTINTON AVE
BOSTON,MA02130 		NONE PUBLIC SUPPORT WORK AT THE NORTHEAST ANIMAL SHELTER 25,000

MIAMI ANIMAL RESCUE

13313 SW 124TH ST
MIAMI,FL33186 		NONE PUBLIC GENERAL OPERATING SUPPORT 20,000

MIAMI CHILDRENS MUSEUM

980 MACARTHUR CSWY
MIAMI,FL33132 		NONE PUBLIC GENERAL SUPPORT 25,000

MIAMI DIAPER BANK

4770 BISCANYE BLVD SUITE 980
MIAMI,FL33137 		NONE PUBLIC GENERAL OPERATING SUPPORT 20,000

MIAMI FOUNDATION

40 NW 3RD ST 305
MIAMI,FL33128 		NONE PUBLIC BENEFIT OF RADICAL PARTNERS ACCELERATING SOCIAL IMPACT FUND 30,000

MIAMI VETERINARY FOUNDATION

11622 N KENDALL DR
MIAMI,FL33176 		NONE PUBLIC GENERAL OPERATING SUPPORT 30,000

MIAMI-DADE COLLEGE FOUNDATION

300 NE 2ND AVE 1423
MIAMI,FL33132 		NONE PUBLIC SUPPORT OF SCHOLARSHIPS AND CAMPUS FOOD PANTRIES 1,055,000

MIRA COALITION

105 CHAUNCY STREET STE 901
BOSTON,MA02111 		NONE PUBLIC GENERAL OPERATING SUPPORT 30,000

NATIONAL ALLIANCE OF STATE PROSTATE CANCER COALITIONS

1999 AVENUE OF THE STARS SUITE 1100
LOS ANGELES,CA90067 		NONE PUBLIC GENERAL OPERATING SUPPORT 100,000

NATIVE AMERICAN HEALTH CENTER

2077 CENTRE ST
WEST ROXBURY,MA02132 		NONE PUBLIC GENERAL OPERATING SUPPORT 30,000

NEW HOPE CORPS

1020 N KROME AVE
HOMESTEAD,FL33030 		NONE PUBLIC FOR WORK IN MIAMI TO COMBAT SUBSTANCE USE 35,000

NEWTON WELLESLEY HOSPITAL

2014 WASHINGTON ST
NEWTON,MA02462 		NONE PUBLIC ANNUAL FUND 25,000

OASIS RESCUE

5802 BOB BULLOCK LP C1 504-296
LAREDO,TX78041 		NONE PUBLIC UNRESTRICTED GRANT 25,000

OVERTOWN CHILDREN AND YOUTH COALITION

1951 NW 7TH AVE
MIAMI,FL33136 		NONE PUBLIC GENERAL OPERATING SUPPORT 20,000

PAWS4YOU RESCUE

8717 SW 134TH ST
MIAMI,FL33176 		NONE PUBLIC GENERAL OPERATING SUPPORT 30,000

PINE STREET INN

330 PINE ST
WILLIAMSPORT,PA17701 		NONE PUBLIC VETERANS SERVICE AND HOUSING 200,000

PLANTING JUSTICE

319 105TH AVE
OAKLAND,CA94603 		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000

PLAST CONFERENCE INC

297 CLARKSVILLE RD
WEST WINDSOR,NJ08550 		NONE PUBLIC GENERAL SUPPORT 75,000

POLITICAL ASYLUM IMMIGRATION REPRESENTATION

98 N WASHINGTON ST STE 106
BOSTON,MA02114 		NONE PUBLIC GENERAL OPERATING SUPPORT 55,000

PRINCETON UNIVERSITY

I NASSAU HALL
PRINCETON,NJ08544 		NONE PUBLIC FOR HELEN SHIPLEY HUNT FUND FOR PRACTICAL ENGINEERING APPLICTIONS AND GRADUATE ALUMNI ANNUAL GIVING FUND 550,000

PROJECT BREAD

145 BORDER ST
BOSTON,MA02128 		NONE PUBLIC GENERAL OPERATING SUPPORT 85,000

RAZIA'S RAY OF HOPE

PO BOX 81052
WELLESLEY,MA02481 		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000

REBUILDING TOGETHER MIAMI- DADE

3628 GRAND AVE
MIAMI,FL33133 		NONE PUBLIC GENERAL OPERATING SUPPORT 75,000

REFUGEE ASSISTANCE ALLIANCE

1825 PONCE DE LEON
CORAL GABLES,FL33134 		NONE PUBLIC GENERAL OPERATING SUPPORT 35,000

SANIBEL CAPTIVA CONSERVATION FOUNDATION

3399 SANIBEL CAPTIVA ROAD
SANIBEL,FL33957 		NONE PUBLIC ANNUAL FUND AND GENERAL OPERATIONS 50,000

SELF HELP ENTERPRISES

8445 W ELOWIN CT
VISALIA,CA93291 		NONE PUBLIC FOR GENERAL OPERATING SUPPORT 35,000

SOCIAL INNOVATION FORUM

ONE CONGRESS ST
BOSTON,MA02114 		NONE PUBLIC GENERAL OPERATING SUPPORT 40,000

SOGOREA TE'LAND TRUST

PO BOX 6758
OAKLAND,CA94603 		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000

ST ALBAN'S CHILD ENRICHMENT CENTER

3465 BROOKER ST
MIAMI,FL33133 		NONE PUBLIC GENERAL OPERATING SUPPORT 70,000

STUDENT CLINIC FOR IMMIGRANT JUSTICE

217 HANOVER ST STE 320
BOSTON,MA02113 		NONE PUBLIC GENERAL OPPERATING SUPPORT 20,000

SUNDARI FOUNDATION

217 NW ST
MIAMI,FL33136 		NONE PUBLIC SUPPORT WORK OF LOTUS HOUSE 100,000

THE MIAMI FOUNDATION

40 NW 3RD ST 305
MIAMI,FL33128 		NONE PUBLIC MIAMI-DADE COUNTY HOMESLESS TRUST 25,000

THE WATERSHED PROJECT

1327 S 46TH BUILDING 155
RICHMOND,CA94804 		NONE PUBLIC GENERAL OPERATING SUPPORT 37,500

THELMA GIBSON HEALTH INIATIVE

3646 GRAND AVE
COCONUT GROVE,FL33133 		NONE PUBLIC GENERAL OPERATING SUPPORT 50,000

THIRD SECTOR NEW ENGLAND

89 SOUTH STREET
BOSTON,MA02111 		NONE PUBLIC FUTURE CHEFS 50,000

TUFTS UNIVERSITY

711 WASHINGTON ST 9
BOSTON,MA02111 		NONE PUBLIC ANNUAL FUND OF CUMMINGS SCHOOL OF VETERINARY MEDICINE 10,000

UNIVERSITY OF MIAMI MILLER SCHOOL OF MEDICINE

1600 NW 10TH AVE 1140
MIAMI,FL33136 		NONE PUBLIC FOR PROJECTS ADDRESSING SUBSTANCE USE DISORDER 250,000

URBAN FOOD INITIATIVE DAILY TABLE

2201 WASHINGTON ST
ROXBURY,MA02119 		NONE PUBLIC TO SUPPORT THE WORK OF THE DAILY TABLE 35,000

URBAN OASIS PROJECT

6870 SW 45TH LN 7
MIAMI,FL33155 		NONE PUBLIC GENERAL OPERATING SUPPORT 25,000

VOICES FOR CHILDREN

601 NW 1ST COURT
MIAMI,FL33136 		NONE PUBLIC GENERAL OPERATING SUPPORT 150,000

WALTHAM PARTNERS FOR YOUTH

617 LEXINGTON ST
WALTHAM,MA02451 		NONE PUBLIC GENERAL OPERATING SUPPORT 15,000

WINGS OF RESCUE

7900 BALBO BLVD
VAN NUYS,CA91406 		NONE PUBLIC GENERAL OPERATING SUPPORT 20,000
Total .................................right arrow 3a 9,977,586
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
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 55,332  
4 Dividends and interest from securities ....     14 3,148,627  
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 .....     14 285,748  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 9,977,050  
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 13,466,757 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
13,466,757
(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 (2024)
Form 990-PF (2024)
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 Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
SHIPLEY FOUNDATION INC #0755496
 
Employer identification number

23-7015570
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
SHIPLEY FOUNDATION INC #0755496
  		Employer identification number
23-7015570
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
LUCIA H SHIPLEY 1993 REV INDENTURE OF TRUST UNDER ARTICLE 5
 
155 SEAPORT BLVD
 
BOSTON, MA02205

$ 192,697


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
SHIPLEY FOUNDATION INC #0755496
  		Employer identification number

23-7015570
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
SHIPLEY FOUNDATION INC #0755496
  		Employer identification number

23-7015570
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
SHIPLEY FOUNDATION INC #0755496
EIN:
23-7015570
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NUTTER MCCLENNEN & FISH LLP 10,000 7,500   2,500

TY 2024 InvestmentsCorpBondsSchedule
Name:
SHIPLEY FOUNDATION INC #0755496
EIN:
23-7015570
Name of Bond End of Year Book Value End of Year Fair Market Value
GOLDMAN SACHS ACCOUNT #649-5 25,427,105 24,868,738

TY 2024 InvestmentsCorpStockSchedule
Name:
SHIPLEY FOUNDATION INC #0755496
EIN:
23-7015570
Name of Stock End of Year Book Value End of Year Fair Market Value
GOLDMAN SACHS ACCOUNT #653-2 98,806,414 138,888,821

TY 2024 InvestmentsOtherSchedule2
Name:
SHIPLEY FOUNDATION INC #0755496
EIN:
23-7015570
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
SIGULER GUFF BRIC OPPORTUNITIES FUND II, L.P. AT COST 295,679 215,264
SIGULER GUFF DIST OPPORTUNITIES FUND IV, L.P. AT COST 305,235 726,051
BROAD STREET REAL ESTATE CREDIT PARTNERS III OFFSHORE FUND, L.P. AT COST 582,003 467,232
VINTAGE VII AIV OFFSHORE SCSP AT COST 280,957 4,160,196
ARES DIRECT LENDING OPPORTUNITIES ACCESS AT COST 1,413,776 1,304,772
VINTAGE IX B OFFSHORE SCSP AT COST 1,419,311 2,127,851
ARES SPECIAL OPP II ACCESS OFFSHORE LP AT COST 2,617,552 2,564,418
ALTERNATE INVESTMENT AT COST 24,522,805 58,845,241

TY 2024 LegalFeesSchedule
Name:
SHIPLEY FOUNDATION INC #0755496
EIN:
23-7015570
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NUTTER MCCLENNEN & FISH LLP 5185 13,614 10,211   3,403
NUTTER MCCLENNEN & FISH LLP 0755496 415,307 311,480   103,827


TY 2024 OtherExpensesSchedule
Name:
SHIPLEY FOUNDATION INC #0755496
EIN:
23-7015570
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
BROAD STREET REAL ESTATE CR PARTNERS 8,883 6,662   2,221
FILING FEES 500 0   500
GOLDMAN SACHS 649-5 MANAGEMENT FEES 109,982 82,487   27,495
GOLDMAN SACHS 653-2 MANAGEMENT FEES 721,625 541,219   180,406
SIGULER GUFF BRIC OPP FUND II LP 5,508 4,131   1,377
SIGULER GUFF DIST OPP FUND IV, L.P. 12,058 9,044   3,014
VINTAGE VII AIV OFFSHORE SCSP 12,172 9,129   3,043
ARES DIRECT LENDING OPPORTUNITIES 5,598 4,199   1,399
TRAVEL EXPENSES 1,980 1,485   495
VINTAGE IX B OFFSHORE 44,979 33,734   11,245
AMERICAN SECURITIES 932 699   233
ARES SPECIAL OPPURTUNITY II ACCESS 7,921 5,941   1,980


TY 2024 OtherIncomeSchedule2
Name:
SHIPLEY FOUNDATION INC #0755496
EIN:
23-7015570
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ARIES SPECIAL OPPORTUNITIES 11 118,396 118,396 118,396
BROAD STREET REAL ESTATE PARTNERS III 9,274 9,274 9,274
VINTAGE IX B OFFSHORE SCSP 4,514 4,514 4,514
SIGULAR GUFF DISTRESSED OTHER INCOME 1,870 1,870 1,870
SINGULAR GUFF BRIC OTHER 800 800 800
ARES DIRECT LENDING OPPORTUNITIES 150,894 150,894 150,894


TY 2024 OtherProfessionalFeesSchedule
Name:
SHIPLEY FOUNDATION INC #0755496
EIN:
23-7015570
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
NUTTER MCCLENNEN & FISH LLP 5185 1,914 1,436   478
KONRAD HOCHEDLINGER (SCIENTIFIC ADV FEES) 10,000 7,500   2,500
HANNO HOCK (SCIENTIFIC ADV FEES) 10,000 7,500   2,500
NUTTER MCCLENNEN & FISH LLP 0755496 181,994 135,496   46,498


TY 2024 TaxesSchedule
Name:
SHIPLEY FOUNDATION INC #0755496
EIN:
23-7015570
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FED EXCISE TAX 50,000 0   0
FOREIGN TAX PD SIGULER GUFF BRIC 2,805 2,805   0
FOREIGN TAX PD GOLDMAN SACHS 653 35,598 35,598   0