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
HENRY P KENDALL FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 70
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
MARION, MA02738
A Employer identification number

04-6029103
B Telephone number (see instructions)

(617) 951-2555
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$96,901,010J 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) 500,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,986,863 1,989,165  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,216,815
b Gross sales price for all assets on line 6a 14,556,440
7 Capital gain net income (from Part IV, line 2)... 1,216,813
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
136,836 137,923  
12 Total. Add lines 1 through 11........ 3,840,514 3,343,901  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 536,749 0   536,749
14 Other employee salaries and wages...... 267,178 0   267,178
15 Pension plans, employee benefits....... 190,645 0   190,645
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
89,836 11,685   78,151
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
40,000 17,000   23,000
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
268,212 260,153   8,059
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
500 0   500
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
293 0  
20 Occupancy.............. 36,885 0   36,885
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,061,198 811,736   249,830
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,491,496 1,100,574   1,390,997
25 Contributions, gifts, grants paid....... 3,279,854 3,279,854
26 Total expenses and disbursements. Add lines 24 and 25 5,771,350 1,100,574   4,670,851
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,930,836
b Net investment income (if negative, enter -0-) 2,243,327
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............. 493,405 317,867 317,867
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow210,399
Less: allowance for doubtful accounts right arrow   176,291 210,399 210,399
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 arrow99,360
Less: allowance for doubtful accounts right arrow0 107,953 Click to see attachment
List of Attached Documents:
// Content
99,360 		99,360
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 5,826 25,122 25,122
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 89,511,272 Click to see attachment
List of Attached Documents:
// Content
94,948,598 		94,948,598
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,654,025 Click to see attachment
List of Attached Documents:
// Content
1,289,301 		1,289,301
14 Land, buildings, and equipment: basis right arrow72,088
Less: accumulated depreciation (attach schedule) right arrow71,650 731 Click to see attachment
List of Attached Documents:
// Content
438 		438
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
23,165 		Click to see attachment
List of Attached Documents:
// Content
9,925 		Click to see attachment
List of Attached Documents:
// Content
9,925
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 91,972,668 96,901,010 96,901,010
Liabilities 17 Accounts payable and accrued expenses.......... 42,070 90,421
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)......... 42,070 90,421
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........... 91,930,598 96,810,589
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)..... 91,930,598 96,810,589
30 Total liabilities and net assets/fund balances (see instructions). 91,972,668 96,901,010
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
91,930,598
2
Enter amount from Part I, line 27a .....................
2
-1,930,836
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
6,813,826
4
Add lines 1, 2, and 3 ..........................
4
96,813,588
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
2,999
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
96,810,589
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 CRESCENT DIRECT LENDING - K-1 LONG TERM P   2024-12-31
b IR&M CORE BOND FUND II - K-1 SHORT TERM P   2024-12-31
c IR&M CORE BOND FUND II - K-1 LONG TERM P   2024-12-31
d IR&M SHORT FUND - K-1 SHORT TERM P   2024-12-31
e IR&M SHORT FUND - K-1 LONG TERM P   2024-12-31
HEITMAN AMERICA REAL ESTATE - K-1 LONG TERM P   2024-12-31
THOMABRAVO - K-1 SHORT TERM P   2024-12-31
GLENDOWER SOF IV - K-1 LONG TERM P   2024-12-31
INDUSTRY VENTURES X - K-1 SHORT TERM P   2024-12-31
INDUSTRY VENTURES X - K-1 LONG TERM P   2024-12-31
CVI CREDIT VALUE FUND - K-1 LONG TERM P   2024-12-31
DALFEN LAST MILE INDUSTRIAL FUND - K-1 LONG TERM P   2024-12-31
INDUSTRY VENTURES IX - K-1 SHORT TERM P   2024-12-31
INDUSTRY VENTURES IX - K-1 LONG TERM P   2024-12-31
IPI FUND III-A - K-1 SHORT TERM P   2024-12-31
IPI FUND III-A - K-1 LONG TERM P   2024-12-31
TRIVE CAPITAL IV - K-1 SHORT TERM P   2024-12-31
TRIVE CAPITAL IV - K-1 LONG TERM P   2024-12-31
GLENDOWER SOF V - K-1 LONG TERM P   2024-12-31
ENTERPRISE - K-1 LONG TERM P   2024-12-31
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - HOUSE ACCOUNT P   2024-12-31
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - HOUSE ACCOUNT P   2024-12-31
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - RANGER SMA ACCOUNT P   2024-12-31
PUBLICLY TRADED SECURITIES - NORTHERN TRUST - RANGER SMA ACCOUNT P   2024-12-31
CRESCENT DIRECT LENDING REDEMPTION P   2024-12-31
DISPOSAL OF COMPUTER EQUIPMENT P   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     761 -761
b     3,825 -3,825
c     43,005 -43,005
d 4,907     4,907
e     11,464 -11,464
212,134     212,134
575     575
21,399     21,399
    376 -376
3,111     3,111
    2,592 -2,592
86,976     86,976
6,433     6,433
22,622     22,622
    417 -417
71     71
    299 -299
22     22
16,176     16,176
    2 -2
139,760   140,585 -825
11,620,924   11,769,138 -148,214
407,204   448,256 -41,052
902,318   892,980 9,338
34,294   25,927 8,367
  3,622 3,622 0
1,077,514     1,077,514
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       -761
b       -3,825
c       -43,005
d       4,907
e       -11,464
      212,134
      575
      21,399
      -376
      3,111
      -2,592
      86,976
      6,433
      22,622
      -417
      71
      -299
      22
      16,176
      -2
      -825
      -148,214
      -41,052
      9,338
      8,367
      0
      1,077,514
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 1,216,813
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 31,182
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 31,182
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 31,182
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 208,772
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.............. 7 208,772
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 10 177,590
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow177,590 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 instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.KENDALL.ORG
14
The books are in care ofright arrowJOHN MCCRAE Telephone no.right arrow (617) 951-2525

Located atright arrowPO BOX 70MARIONMA ZIP+4right arrow02738
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
JOHN P KENDALL TRUSTEE
2.00 		0 0 0
29 HOLMES STREET
MARION,MA02738
ANDREW W KENDALL TRUSTEE/EXECUTIVE DIRECTOR
40.00 		536,749 53,779 0
29 HOLMES STREET
MARION,MA02738
PHOEBE S WINDER TRUSTEE
2.00 		0 0 0
29 HOLMES STREET
MARION,MA02738
KENNETH F MEYERS TRUSTEE
2.00 		0 0 0
29 HOLMES STREET
MARION,MA02738
TORE C NELSON TRUSTEE
2.00 		0 0 0
29 HOLMES STREET
MARION,MA02738
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
BETH ZSCHAU PROGRAM OFFICER
40.00 		194,736 50,359 0
PO BOX 70
MARION,MA02738
HOLLY HANNAWAY PROGRAM ASSISTANT
40.00 		73,768 40,374 0
PO BOX 70
MARION,MA02738
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
NORTHERN TRUST COMPANY INVESTMENT MANAGEMENT 93,423
125 SUMMER STREET SUITE 1400
BOSTON,MA02110
SULLIVAN & WORCESTER LLP LEGAL 78,151
PO BOX 847423
BOSTON,MA02284
NEPC LLC INVESTMENT MANAGEMENT 68,241
255 STATE STREET
BOSTON,MA02109
DARMODY MERLINO & CO LLP ACCOUNTANT 34,000
C/O HEITMAN LLC 191 NORTH WACKER
DRIVE 2500
CHICAGO,IL60606
HAIRPIN COMMUNICATIONS LLC CONSULTANTS 14,400
74 HOWE STREET
ASHLAND,MA01721
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
95,521,000
b
Average of monthly cash balances.......................
1b
516,170
c
Fair market value of all other assets (see instructions)................
1c
225,949
d
Total (add lines 1a, b, and c).........................
1d
96,263,119
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
96,263,119
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,443,947
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
94,819,172
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,740,959
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
4,740,959
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
31,182
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
31,182
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,709,777
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,709,777
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
4,709,777
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
4,670,851
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
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
4,670,851
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 4,709,777
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
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...... 880,021
e From 2023...... 584,597
f Total of lines 3a through e ........ 1,464,618
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 4,670,851
a Applied to 2023, 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 2024 distributable amount..... 4,670,851
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024. 38,926 38,926
(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 1,425,692
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 .......... 		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 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 ...... 		1,425,692
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022.... 841,095
d Excess from 2023.... 584,597
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

AMMONOOSUC CONSERVATION TRUST

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

CENTER FOR AGRICULTURAL ECONOMY

PO BOX 451 41 SOUTH MAIN STREET
HARDWICK,VT05843 		NO RELATIONSHIP PC STRENGTHEN THE FARM TO SCHOOL PREPARED PRODUCE PROGRAM 50,000

CITY OF NEW BEDFORD

1213 PURCHASE STREET
NEW BEDFORD,MA02740 		NO RELATIONSHIP PC PROVIDING FRESH PREPARED MEALS TO 34 SCHOOLS 125,000

COMMERCIAL FISHERIES CENTER OF RI

PO BOX 5161
WAKEFIELD,RI02880 		NO RELATIONSHIP PC BUILDING DEMAND FOR UNDERUTILIZED FISH SPECIES IN SCHOOL FOOD 200,000

COMMUNITY INVOLVED IN SUSTAINING AGRICULTURE

ONE SUGARLOAF STREET
SOUTH DEERFIELD,MA01373 		NO RELATIONSHIP PC OPERATING SUPPORT FOR ASSISTING FARMS EXPERIENCING UNFORESEEN EMERGENCIES 60,000

ECOLOGY LEARNING CENTER

230 MAIN STREET
UNITY,ME04988 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

EMORY UNIVERSITY

1762 CLIFTON ROAD SUITE 1400
ATLANTA,GA30322 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 1,000

FARM FRESH RHODE ISLAND

10 SIMS AVENUE UNIT 103
PROVIDENCE,RI02909 		NO RELATIONSHIP PC SUPPORT THE FARM TO SCHOOL SALES PROGRAM SERVING ALL 36 RHODE ISLAND SCHOOL DISTRICTES 50,000

FOOD BANK OF WESTERN MASSACHUSETTS

PO BOX 160
HATFIELD,MA01038 		NO RELATIONSHIP PC STRENGTHENING FOOD BANK - LOCAL FARMER CONNECTIONS IN SPRINGFIELD 124,420

FOOD FOR FREE COMMITTEES INC

11 INMAN STREET
CAMBRIDGE,MA02139 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

FOODCORPS

1140 SE 7TH AVE SUITE 110
PORTLAND,OR97214 		NO RELATIONSHIP PC SUPPORT THE EMERGING WORK IN RHODE ISLAND'S K-12 SCHOOLS 500

FORK FOOD LAB

95-97 DARLING AVE
SOUTH PORTLAND,ME04106 		NO RELATIONSHIP PC UPCYCLING BROCCOLI PROCESSING BYPRODUCTS 193,369

GROWING PLACES GARDEN PROJECTS INC

325 LINDELL AVE
LEOMINSTER,MA01453 		NO RELATIONSHIP PC LOCAL FOOD WORKS FOR EDUCATAIONAL INSTITUTIONS 119,885

HEALTHY COMMUNITIES OF THE CAPITAL AREA

11 MECHANIC STREET SUITE 101
GARDINER,ME04345 		NO RELATIONSHIP PC ADVANCING FARM AND SEA SCHOOL INITIATIVES ACROSS MAINE 50,000

INTERVALE CENTER INC

180 INTERVALE ROAD
BURLINGTON,VT05401 		NO RELATIONSHIP PC EXPANDING INSTITUTIONAL FOOD MARKETS 150,000

JUST ROOTS INC

34 GLENBROOK DRIVE APT 1B
GREENFIELD,MA01301 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

LIFT THE CYRUS ZSCHAU MEMORIAL FUND

961 ROUTE 100B
MORETOWN,VT05660 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

MAINE COAST FISHERMAN'S ASSOCIATION

93 PLEASANT STREET
BRUNWICK,ME04011 		NO RELATIONSHIP PC DEVELOP A VALUE-ADDED FISH CAKE FOR K-12 LUNCH MENUS THROUGHOUT MAINE 120,000

MARTHA'S VINEYARD FISHERMAN'S PRESERVATION

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

MASS ENVIRONMENTAL EDUCTION SOCIETY

450 PROVIDENCE HIGHWAY
DEDHAM,MA02026 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

MILL CITY GROWS INC

650 SUFFOLK STREET SUITE G10
LOWELL,MA01854 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

POPE FRANCIS PREPARATORY SCHOOL

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

RED TOMATO

78 EVERETT SKINNER ROAD
PLAINVILLE,MA02907 		NO RELATIONSHIP PC BUILDING ACCESS INTO FARM TO SCHOOL SUPPLY CHAINS 53,012

RHODE ISLAND DEPARTMENT OF COMMERCE

315 IRON HORSE WAY SUITE 101
PROVIDENCE,RI02908 		NO RELATIONSHIP PC RENEWING THE RHODE ISLAND FOOD SYSTEM PLAN FOR 2030 70,000

RHODE ISLAND FOOD POLICY COUNCIL

1618 SOUTH ROAD
KINGSTON,RI02881 		NO RELATIONSHIP PC BUILDING CAPACITY IN THE LOCAL FOOD SYSTEM FOR HEALTHY LIVES 50,000

RISE ABOVE FOUNDATION

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

ROOTS RISING INC

923 BARKER ROAD
PITTSFIELD,MA01201 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

SHELBURNE FARMS

1611 HARBOR RD
SHELBURNE,VT05482 		NO RELATIONSHIP PC SUSTAIN FARM TO SCHOOL EFFORTS ACROSS THE NORTHEAST REGION 100,000

SKOWHEGAN ECONOMIC DEVELOPMENT CORP

225 WATER STREET
SKOWHEGAN,ME04976 		NO RELATIONSHIP PC EXPAND CAPACITY TO MANUFACTURE UPCYCLED NUTRITIOUS GRAIN CEREALS FOR COLLEGE STUDENTS 200,000

SOUTHSIDE COMMUNITY LAND TRUST

109 SOMERSET STREET
PROVIDENCE,RI02907 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 500

SOUTHWEST OASIS LABRADOR RESCUE INC

7739 E BROADWAY STE 212
TUCSON,AZ85710 		NO RELATIONSHIP PC UNRESTRICTED OPERATING SUPPORT 1,000

SPRINGFIELD PUBLIC SCHOOLS

1550 MAIN STREET
SPRINGFIELD,MA01103 		NO RELATIONSHIP PC SUPPORT THE SPRINGFIELD CULINARY AND NUTRITION CENTER SERVING SPRINGFIELD K -12 10,000

SUPPORT OUR LIBRARY ASSOCATION INC

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

THIRD SECTOR NEW ENGLAND

89 SOUTH STREET 700
BOSTON,MA02111 		NO RELATIONSHIP PC 1. STRENGTHEN REGIONAL FARM TO SCHOOL MOVEMENT 2. SUPPORT THE 7TH ANNUAL FARM TO SCHOOL INSITITUTE AND PROFESSIONAL LEARNING OPPORTUNITIES 3. ENGAGE A DIVERSE COALITION OF FOOD SYSTEM STAKEHOLDERS IN ADVOCACY EFFORTS 300,000

UNIVERSITY OF CONNECTICUT FOUNDATION

2390 ALUMNI DRIVE UNIT 3206
STORRS,CT06269 		NO RELATIONSHIP PC TO INCREASE THE COLLABORATIVES NETWORK IMPACT AND BUILD A LONG-TERM PLAN 50,000

UNIVERSITY OF NEW HAMPSHIRE

107 NESMITH HALL 131 MAIN ST
DURHAM,NH03824 		NO RELATIONSHIP PC 1. SUPPORT FOOD SYSTEMS NETWORK EXPANSION WITH OPERATING SUPPORT 2. CREATING CULTURALLY CONNECTED CAFETERIAS IN THE MANCHESTER NH SCHOOL DISTRICT 3. OPERATING SUPPORT TO BUILD A THRIVING AND SUSTAINABLE FOOD SYSTEM IN NEW HAMPSHIRE 4.OPERATING SUPPORT FOR THE STATE'S FARM TO SCHOOL AND SCHOOL GARDEN NETWORKS 310,894

URBAN FOOD INITIATIVE

54 WILDE ROAD
WABAN,MA02468 		NO RELATIONSHIP PC PROVIDE OPERATING STABILITY DURING HISTORIC INFLATION AND PANDEMIC IMPACT 500,000

VERMONT FARM TO SCHOOL INC

115 2ND STREET
NEWPORT,VT05855 		NO RELATIONSHIP PC 1.SUPPORT THE FARM TO SCHOOL SALES INITIATIVE AND FOOD HUB ENTERPRISE 2. ADVANCING LOCAL PROCUREMENT IN VERMONT'S SCHOOL CAFETERIAS 108,774

VERMONT SUSTAINABLE JOBS FUND

3 PITKIN COURT SUITE 301E
MONTPELIER,VT05602 		NO RELATIONSHIP PC 1. SUPPORT TRANSFORMATIVE PROJECTS TO MAKE SYSTEMATIC FOOD SYSTEM CHANGES 2. OPERATING SUPPORT FOR VT SUSTAINABLE JOBS FUND 275,000
Total .................................right arrow 3a 3,279,854
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 ........... 		         
4 Dividends and interest from securities ....     14 1,986,863  
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 .....     14 136,836  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,216,815  
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 3,340,514 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,340,514
(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
HENRY P KENDALL FOUNDATION
 
Employer identification number

04-6029103
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
HENRY P KENDALL FOUNDATION
  		Employer identification number
04-6029103
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
NORFOLK CHARITABLE TRUST
 
PO BOX 70
 
MARION, MA02738

$ 500,000


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

$  


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

$  


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

$  


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

$  


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

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
HENRY P KENDALL FOUNDATION
  		Employer identification number

04-6029103
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
HENRY P KENDALL FOUNDATION
  		Employer identification number

04-6029103
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
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:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 40,000 17,000   23,000

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
COMPUTER EQUIPMENT - 2010 2010-12-31 2,390 2,390 200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2011 2011-12-31 2,164 2,164 200DB 5.000000000000 0 0    
FURNITURE & FIXTURES 2002-07-01 3,100 3,100 200DB 7.000000000000 0 0    
FURNITURE & FIXTURES 2008-08-15 2,216 2,216 200DB 7.000000000000 0 0    
COMPUTER EQUIPMENT - 2016 2016-04-18 2,241 1,120 200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2018 2018-12-19 2,050   200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2019 2019-03-06 2,051   200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2020 2020-04-14 1,381   200DB 5.000000000000 0 0    
COMPUTER EQUIPMENT - 2023 2023-03-15 3,148 126 200DB 5.000000000000 202 0    
COMPUTER EQUIPMENT - 2023 2023-12-31 1,419 57 200DB 5.000000000000 91 0    

TY 2024 InvestmentsCorpStockSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Name of Stock End of Year Book Value End of Year Fair Market Value
SECURITIES, FIXED INCOME & MUTUAL FUNDS 94,948,598 94,948,598

TY 2024 InvestmentsOtherSchedule2
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
LITTLE LEAF FARMS LLC AT COST 1,289,301 1,289,301

TY 2024 LandEtcSchedule2
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
COMPUTER EQUIPMENT - 2010 2,390 2,390 0  
COMPUTER EQUIPMENT - 2011 2,164 2,164 0  
FURNITURE & FIXTURES 3,100 3,100 0  
FURNITURE & FIXTURES 2,216 2,216 0  
COMPUTER EQUIPMENT - 2018 2,050 2,050 0  
COMPUTER EQUIPMENT - 2019 2,051 2,051 0  
WEBSITE DEVELOPMENT 53,550 53,550 0  
COMPUTER EQUIPMENT - 2023 3,148 2,846 302  
COMPUTER EQUIPMENT - 2023 1,419 1,283 136  


TY 2024 LegalFeesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 89,836 11,685   78,151


TY 2024 OtherAssetsSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSITS 23,165 9,925 9,925


TY 2024 OtherDecreasesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description Amount
OTHER DIFFERENCES AS REPORTED ON K-1 PASS-THROUGH ENTITIES 2,999


TY 2024 OtherExpensesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
COMPUTER EXPENSE 2,826 0   2,826
OFFICE EXPENSE -3,151 0   -3,151
POSTAGE & DELIVERY 161 0   161
PROGRAM EXPENSES 37,346 0   37,346
TELEPHONE & INTERNET 17,559 0   17,559
SHARON PROPERTY COSTS 503 0   503
DEDUCTIONS FROM INVESCO DB COMMODITY INDEX TRACKING FUND K-1 0 368   0
INSURANCE 5,249 0   5,249
DEDUCTIONS FROM HEITMAN AMERICA REAL ESTATE TRUST K-1 45 45   0
DEDUCTIONS FROM HIGHBAR PARTNERS III K-1 38,766 38,766   0
DEDUCTIONS FROM LITTLE LEAF FARM LLC K-1 39,873 39,873   0
DEDUCTIONS FROM DALFEN LAST MILE INDUSTRIAL FUND K-1 3,348 3,348   0
DEDUCTIONS FROM INDUSTRY VENTURES IX K-1 28,081 28,081   0
DEDUCTIONS FROM IPI FUND II-A LP K-1 23,501 23,501   0
DEDUCTIONS FROM ARA FUND II-A K-1 14,375 14,375   0
DEDUCTIONS FROM TRIVE CAPITAL IV K-1 8,316 8,316   0
INVESTMENT LOSS FROM LITTLE LEAF FARM 324,937 324,937   0
INVESTMENT LOSS FROM GLENDOWER SOF IV 49,515 49,515   0
INVESTMENT LOSS FROM DIRECT LENDING FUND III 3,054 3,054   0
INVESTMENT LOSS FROM TRIVE CAPITAL IV 5,770 5,770   0
DEDUCTIONS FROM NEXUS SPECIAL SITUATIONS K-1 13,681 13,681   0
DEDUCTIONS FROM ENTERPRISE PARTNERS K-1 0 0   0
INVESTMENT LOSS FROM GLENDOWER SOF V 72,635 72,635   0
MANAGEMENT FEES 180,000 0   180,000
DEDUCTIONS FROM THOMABRAVO K-1 16,241 16,241   0
DEDUCTIONS FROM IPI FUND III-A LP K-1 24,402 24,402   0
DEDUCTIONS FROM ATLAS CAPITAL RESOURCES K-1 7,311 7,311   0
DEDUCTION FROM WINDROSE K-1 22,456 22,456   0
INVESTMENT LOSS FROM INDUSTRY VENTURES X 3,126 3,126   0
INVESTMENT LOSS FROM INDUSTRY VENTURES IX 7 7   0
DEDUCTION FROM INDUSTRY VENTURES X K-1 19,034 19,034   0
DEDUCTION FROM CVI CREDIT VALUE FUND K-1 1,178 1,178   0
INVESTMENT LOSS FROM CVI CREDIT VALUE FUND 72 72   0
INVESTMENT LOSS FROM GLENDOWER SOF VI 13,990 13,990   0
INVESTMENT LOSS FROM PSG VI 1 1   0
INVESTMENT LOSS FROM TRIVE CAPITAL V 15,133 15,133   0
INVESTMENT LOSS FROM CRESCENT DIRECT LENDING 1,952 1,952   0
BAD DEBT 9,337 0   9,337
DEDUCTION FROM CVC IX K-1 15,544 15,544   0
DEDUCTION FROM PSG VI K-1 36,959 36,959   0
DEDUCTION FROM TRIVE CAPITAL V K-1 8,065 8,065   0


TY 2024 OtherIncomeSchedule2
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
CRESCENT DIRECT LENDING FUND, LP - K-1 0 0 0
IR&M CORE BOND FUND II 10,964 10,964 10,964
POWERSHARES DB COMMODITY INDEX TRACKING - K-1 0 -1,446 0
LITTLE LEAF FARM LLC - K-1 0 0 0
GLENDWOER SOF IV 0 0 0
DIRECT LENDING FUND III 0 0 0
CVI CREDIT VALUE FUND 0 0 0
INDUSTRY VENTURES IX 0 0 0
ENTERPRISE PRODUCTS PARTNERS L.P. - K-1 0 2,533 0
NEXUS SPECIAL SITUATIONS III 98,450 98,450 98,450
ARA FUND II-A 432 432 432
TRIVE CAPITAL IV 0 0 0
IR&M SHORT FUND 2,738 2,738 2,738
IPI FUND III-A LP 14,794 14,794 14,794
IPI FUND II-A LP 8,158 8,158 8,158
GLENDOWER SOF V 0 0 0
INDUSTRY VENTURES X 0 0 0
ATLAS CAPITAL RESOURCES 9 9 9
CVC IX 1,291 1,291 1,291
GLENDOWER SOF VI 0 0 0
PSG VI 0 0 0
TRIVE CAPITAL V 0 0 0


TY 2024 OtherIncreasesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Description Amount
NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS AND LIMITED PARTNERSHIPS 6,813,826


Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 OtherNotesLoansRcvblLongSch
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103

Borrower's Name Relationship to Insider Original Amount of Loan Balance Due Date of Note Maturity Date Repayment Terms Interest Rate Security Provided by Borrower Purpose of Loan Description of Lender Consideration Consideration FMV
PIONEER VALLEY GROWS RISK CAPITAL POOL NONE 25,000 25,000 2015-12 2021-12 LUMP SUM, INCLUDING ACCRUED INTEREST 0 %   PROGRAM-RELATED INVESTMENT CASH 25,000
PIONEER VALLEY GROWS PATIENT CAPITAL POOL NONE 37,500 37,272 2015-12 2018-07 LUMP SUM, INCLUDING ACCRUED INTEREST 400.0000000000 %   PROGRAM-RELATED INVESTMENT CASH 37,500
PIONEER VALLEY GROWS PATIENT CAPITAL POOL NONE 37,500 37,088 2018-09 2026-09   400.0000000000 %   PROGRAM-RELATED INVESTMENT CASH 37,500

TY 2024 OtherProfessionalFeesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ALLOCABLE CONSULTING FEES 73,141 68,241   4,900
INVESTMENT MANAGEMENT FEES 126,019 126,019   0
CUSTODIAN FEES 65,893 65,893   0
RETIREMENT PLAN SERVICES 3,159 0   3,159


TY 2024 TaxesSchedule
Name:
HENRY P KENDALL FOUNDATION
EIN:
04-6029103
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MASSACHUSETTS ANNUAL REPORT - FORM PC 500 0   500
FEDERAL EXCISE TAX ON NET INVESTMENT INCOME 0 0   0