TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go 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
THE TRUSTEES OF SAILORS' SNUG
HARBOR IN THE CITY OF NEW YORK

Number and street (or P.O. box number if mail is not delivered to street address)260 W BROADWAY SUITE 4
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10013

A Employer identification number

13-5562398

B Telephone number (see instructions)

(646) 465-8585

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$65,278,236J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	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)


1	Contributions, gifts, grants, etc., received (attach schedule)	1,050
2	Check .............
3	Interest on savings and temporary cash investments	128,320		128,320	128,320
4	Dividends and interest from securities...	1,294,341		1,470,451	1,475,450
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		5,204,918
b	Gross sales price for all assets on line 6a 32,771,858
7	Capital gain net income (from Part IV, line 2)...			5,861,084
8	Net short-term capital gain.........				49,294
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).......	List of Attached Documents: // Content	29,860	101,515	155,581
12	Total. Add lines 1 through 11........	6,658,489		7,561,370	1,808,645
13	Compensation of officers, directors, trustees, etc.	148,590		7,430	7,430	141,161
14	Other employee salaries and wages......	28,081		1,404	1,404	26,677
15	Pension plans, employee benefits.......	12,574		629	629	11,945
16a	Legal fees (attach schedule).........	List of Attached Documents: // Content	26,965	1,348	1,348	27,594
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	32,800	0	0	34,700
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	124,988	124,988	124,988	0
17	Interest...............			46,222	50,990
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	103,157	8,538	8,583	54,000
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............	22,598		1,130	1,130	20,499
21	Travel, conferences, and meetings.......	7,330		0	0	7,330
22	Printing and publications..........	1,338		0	0	1,338
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	69,313	451,208	473,870	68,596
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	577,734		642,897	670,372	393,840
25	Contributions, gifts, grants paid.......	1,779,541				1,779,541
26	Total expenses and disbursements. Add lines 24 and 25	2,357,275		642,897	670,372	2,173,381
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	4,301,214
b	Net investment income (if negative, enter -0-)			6,918,473
c	Adjusted net income (if negative, enter -0-)...				1,138,273

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............
	2	Savings and temporary cash investments.........	3,210,071	2,198,399	2,198,399
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	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)
		Less: allowance for doubtful accounts
	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).......	0	List of Attached Documents: // Content 3,515,385	3,515,385
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	58,064,746	List of Attached Documents: // Content 58,947,493	58,947,493
	14	Land, buildings, and equipment: basis 2,748
		Less: accumulated depreciation (attach schedule) 2,748	1	List of Attached Documents: // Content 0	0
	15	Other assets (describe )	List of Attached Documents: // Content 120,723	List of Attached Documents: // Content 616,959	List of Attached Documents: // Content 616,959
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	61,395,541	65,278,236	65,278,236
	17	Accounts payable and accrued expenses..........	14,477	6,600
	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 )	List of Attached Documents: // Content 312,307	List of Attached Documents: // Content 372,686
	23	Total liabilities (add lines 17 through 22).........	326,784	379,286
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	21,775,406	23,309,450
	25	Net assets with donor restrictions............	39,293,351	41,589,500
		Foundations that do not follow FASB ASC 958, check here
		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).....	61,068,757	64,898,950
	30	Total liabilities and net assets/fund balances (see instructions).	61,395,541	65,278,236

Part III

Analysis of Changes in Net Assets or Fund Balances

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) ...............

61,068,757

Enter amount from Part I, line 27a .....................

4,301,214

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

2,577

Add lines 1, 2, and 3 ..........................

65,372,548

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

473,598

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

64,898,950

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
1 a	PUBLICLY TRADED SECURITIES
b	THRU SCHEDULE K-1'S - SHORT TERM	P
c	THRU SCHEDULE K-1'S - LONG TERM	P
d	CAPITAL GAINS DIVIDENDS	P
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	32,039,122	27,566,940	4,472,182
b			32,048
c			624,118
d	732,736		732,736
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			4,472,182
b			32,048
c			624,118
d			732,736
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	5,861,084
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 ...................		3	32,048

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 and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	96,167
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	96,167
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	96,167
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	79,084
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	70,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	149,084
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 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.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	52,917
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax52,917	Refunded	11	0

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

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.

Did the foundation file Form 1120-POL for this year?.....................

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

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

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....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

Yes

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Yes

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

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? ................

Yes

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..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

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 .

Yes

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 .............................

Yes

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

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 .............

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.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

WWW.THESAILORSSNUGHARBOR.ORG

The books are in care of right arrow

JOSEPH J BROOKS Telephone no. right arrow

(646) 465-8585

Located at right arrow

260 W BROADWAY SUITE 4NEW YORKNY ZIP+4 right arrow

10013

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

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)

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

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)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

Yes

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

Yes

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(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)

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 ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

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? .............

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)):

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?....................

If "Yes," list the years right arrow

20, 20, 20, 20

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.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

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.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

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? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(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)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(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)

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 ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

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? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

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? .........................

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-)
CAPTAIN TIMOTHY J FERRIE	TRUSTEE, PRESIDENT 2.50	2,400
260 W BROADWAY SUITE 4 NEW YORK,NY10013	TRUSTEE, PRESIDENT 2.50	2,400
CAPTAIN STEVEN BENDO	TRUSTEE, TREASURER 2.50	3,200
260 W BROADWAY SUITE 4 NEW YORK,NY10013	TRUSTEE, TREASURER 2.50	3,200
REV DR GREG STOVELL	TRUSTEE, SECRETARY 2.00	3,200
260 W BROADWAY SUITE 4 NEW YORK,NY10013	TRUSTEE, SECRETARY 2.00	3,200
CAPTAIN JAMES MCNAMARA	TRUSTEE 1.50	3,200
260 W BROADWAY SUITE 4 NEW YORK,NY10013	TRUSTEE 1.50	3,200
VERONICA M SULLIVAN	TRUSTEE 1.50	3,200
260 W BROADWAY SUITE 4 NEW YORK,NY10013	TRUSTEE 1.50	3,200
DOUG KRUSE	TRUSTEE 1.50	3,200
260 W BROADWAY SUITE 4 NEW YORK,NY10013	TRUSTEE 1.50	3,200
DOUG STEVENSON	TRUSTEE 1.50	2,800
260 W BROADWAY SUITE 4 NEW YORK,NY10013	TRUSTEE 1.50	2,800
JOSEPH J BROOKS	EXECUTIVE DIRECTOR/GOVERNOR 45.00	127,390
260 W BROADWAY SUITE 4 NEW YORK,NY10013	EXECUTIVE DIRECTOR/GOVERNOR 45.00	127,390

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...................				0

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	INVESTMENT MANAGEMENT	124,988
50 SOUTH LA SALLE ST B-2 CHICAGO,IL60603	INVESTMENT MANAGEMENT	124,988

Total number of others receiving over $50,000 for professional services............. right arrow

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	THE TRUSTEES OF THE SAILORS' SNUG HARBOR IN THE CITY OF NEW YORK PROVIDES FINANCIAL ASSISTANCE AND SUPPORT SERVICES TO ELIGIBLE RETIRED AND/OR INCAPACITATED MARINERS.	1,914,112
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 arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

61,224,988

Average of monthly cash balances.......................

2,568,474

Fair market value of all other assets (see instructions)................

115,633

Total (add lines 1a, b, and c).........................

63,909,095

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

63,909,095

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

958,636

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

62,950,459

Minimum investment return. Enter 5% (0.05) of line 5................

3,147,523

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.)

Minimum investment return from Part IX, line 6..................

Tax on investment income for 2024 from Part V, line 5 .......

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

2,173,381

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

2,173,381

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
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......
b Total for prior years:20 , 20, 20
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 ........
4Qualifying distributions for 2024 from Part
XI, line 4: $
a Applied to 2023, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2024 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2024.
(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
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
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......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........
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) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......
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)

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

2008-06-06

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

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	(e) Total
	1,138,273	853,155	984,453	1,053,862	4,029,743
b 85% (0.85) of line 2a .........	967,532	725,182	836,785	895,783	3,425,282
c Qualifying distributions from Part XI, line 4 for each year listed .....	2,173,381	1,957,941	2,118,255	2,157,278	8,406,855
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	0	0	0	0	0
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	2,173,381	1,957,941	2,118,255	2,157,278	8,406,855
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	2,098,349	1,936,378	2,016,296	2,098,701	8,149,724
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) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

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)

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)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
MARINERS 260 W BROADWAY SUITE 4 NEW YORK,NY10013	NONE	I	CHARITABLE PAYMENTS MADE FOR LIVING AND OTHER EXPENSES ON BEHALF OF QUALIFYING BENEFICIARIES	1,779,541
Total ................................. 3a				1,779,541

bApproved for future payment

Total ................................. 3b				0

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	(e) Related or exempt function income (See instructions.)
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	128,320
4 Dividends and interest from securities ....	901101	4,999	14	1,289,342
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............	901101	42,795	18	5,162,123
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aOTHER INCOME (LOSS) THRU SCHEDULE K-1'S	901101	24,206	14	-24,206
bFEDERAL TAX REFUND			01	29,860
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		72,000		6,585,439	0

13Total. Add line 12, columns (b), (d), and (e)..................

6,657,439

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	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)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

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

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

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

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? ...........Yes No

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.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	32,800	0	0	34,700

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ADYEN V (ADYEY) 3,556.000 SHARES	52,131	52,131
AIA GROUP LTD (AAGIY) 1,660.000 SHARES	47,841	47,841
AIR LIQUIDE (AIQUY) 1,256.000 SHARES	40,506	40,506
ALCON AG COM (ALC) 704.000 SHARES	59,763	59,763
ALFA LAVAL AB SWEDEN (ALFVY) 1,453.000 SHARES	60,343	60,343
ALLIANZ SE UNSPON ADS EACH REP 1/10 (ALIZY) 4,743.000 SHARES	144,851	144,851
AMBEV SA SPONSORED (ABEV) 18,348.000 SHARES	33,945	33,945
ATLAS COPCO AB (ATLKY) 4,044.000 SHARES	61,186	61,186
BANCO BILBAO VIZCAYA ARGENTARIA (BBVA) 8,234.000 SHARES	80,034	80,034
BHB GROUP LTD SPONSORED (BHP) 1,136.000 SHARES	55,471	55,471
CANADIAN NATL RY CO COM (CNI) 317.000 SHARES	32,179	32,179
CHUGAI PHARMACEUTICALS CO LTD (CHGCY) 4,989.000 SHARES	109,608	109,608
COLOPLAST A/S SPONSORED (CLPBY) 2,957.000 SHARES	32,113	32,113
CREDICORP LTD (BAP) 231.000 SHARES	42,347	42,347
DAIFUKU CO LTD (DFKCY) 3,220.000 SHARES	33,134	33,134
DASSAULT SYS S A SPONSORED (DASTY) 2,757.000 SHARES	94,951	94,951
DBS GROUP HOLDINGS LTD (DBSDY) 1,330.000 SHARES	170,293	170,293
DISCO CORP (DSCSY) 1,671.000 SHARES	44,398	44,398
ENN ENERGY HLDNGS LTD (XNGSY) 1,894.000 SHARES	53,877	53,877
EPIROC AB UNSPON (EPIAF) 2,787.000 SHARES	48,382	48,382
FOMENTO ECONOMICO MEXICANO SAB DE CV (FMX) 948.000 SHARES	81,045	81,045
GDR ASSA ABLOY (ASAZY) 3,060.000 SHARES	44,829	44,829
GENMAB A/S SPONSORED (GMAB) 1,394.000 SHARES	29,093	29,093
GRUPO FINANCIERO BANORTE SAB DE C (GBOOY) 960.000 SHARES	30,816	30,816
HAIER SMART HOME CO LTD (HSHCY) 3,921.000 SHARES	54,894	54,894
HALEON PLC (HLN) 11,030.000 SHARES	105,226	105,226
HDFC BK LTD REPSTS 3 SHS (HDB) 1,833.000 SHARES	117,055	117,055
INFINEON TECHNOLOGIES AG SPONSORED (IFNNY) 3,301.000 SHARES	107,051	107,051
KOMATSU LTD (KMTUY) 1,801.000 SHARES	49,203	49,203
L OREAL S A (LRLCY) 1,226.000 SHARES	86,323	86,323
LINDE PLC (LIN) 130.000 SHARES	54,427	54,427
MANULIFE FINL CORP COM (MFC) 3,562.000 SHARES	109,389	109,389
MERCADOLIBRE INC (MELI) 34.000 SHARES	57,815	57,815
NESTLE SA (NSRGY) 874.000 SHARES	71,406	71,406
NOVONESIS (NOVOZYMES) B (NVZMF) 517.000 SHARES	29,231	29,231
PERUSAHAAN PERSEROAN TELEKOMUNIKIASI INDONESIA (TLK) 2,277.000 SHARES	37,457	37,457
PING AN INSURANCE SPONSORED (PNGAY) 2,113.000 SHARES	24,595	24,595
RIO TINTO PLC (RIO) 991.000 SHARES	58,281	58,281
ROCHE HOLDINGS LTD (RHHBY) 2,511.000 SHARES	87,584	87,584
ROYAL DUTCH SHELL (SHEL) 1,685.000 SHARES	105,565	105,565
SAP SE-SPONSORED (SAP) 459.000 SHARES	113,010	113,010
SCHNEIDER ELECTRIC SE (SBGSY) 2,040.000 SHARES	101,266	101,266
SHIONOGI & CO (SGIOF) 4,983.000 SHARES	34,681	34,681
SHUMANO INC (SMNNY) 1,937.000 SHARES	25,917	25,917
SONOVA HOLDINGS (SONVY) 605.000 SHARES	39,349	39,349
SONY GROUP CORPORATION (SONY) 4,613.000 SHARES	97,611	97,611
SYMRISE AG (SYIEY) 1,730.000 SHARES	45,689	45,689
SYSMEX CORP (SSMXY) 4,274.000 SHARES	78,129	78,129
TAIWAN SEMICONDUCTOR MANUFACTURING (TSM) 775.000 SHARES	153,055	153,055
TECHTRONIC INDS LTD (TTNDY) 552.000 SHARES	36,217	36,217
TENCENT HLDINGS LTD (TCEHY) 1,431.000 SHARES	76,101	76,101
UNICHARM CORP (UNICY) 7,772.400 SHARES	38,147	38,147
ZTO EXPRESS CAYMAN INC SPONSORED (ZTO) 1,922.000 SHARES	37,575	37,575

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
FEDERAL HOME LOAN BANKS 350,000.000 SHARES	FMV	336,913	336,913
INTEL CORP 350,000.000 SHARES	FMV	335,876	335,876
MAKENA EMERGING MARKETS FUND, L.P. 970,841.000 SHARES	FMV	327,261	327,261
MAKENA ENDOWMENT FUND 1.000 SHARE	FMV	2,101,008	2,101,008
MAKENA PERPETUAL PRIVATE EQUITY FUND, LP 2,165,624.000 SHARES	FMV	4,351,570	4,351,570
MAKENA PERPETUAL US REAL ESTATE FUND, LP 1,385,395.000 SHARES	FMV	1,338,648	1,338,648
MAKENA PERPETUAL VENTURE CAPITAL FUND, LP 2,283,571.000 SHARES	FMV	6,147,548	6,147,548
MAKENA PRIVATE EQUITY FUND III, LP 704,083.000 SHARES	FMV	981,257	981,257
MFB NORTHERN EQUITY INDEX FUNDS MID CAP INDEX FD (NOMIX) 84,634.060 SHARES	FMV	1,751,925	1,751,925
MFB NORTHERN FDS MULTI-MANAGER GLOBAL RE FD (NMMGX) 74,708.510 SHARES	FMV	768,003	768,003
MFB NORTHERN FUNDS SMALL CAP INDEX FD (NSIDX) 160,270.180 SHARES	FMV	2,230,961	2,230,961
MFB NORTHERN MULTI MGR GLOBAL LISTED INFRA FD (NMFIX) 61,116.230 SHARES	FMV	716,893	716,893
MFB NTGI EAFE INDEX FUND - NON LENDING 33,440.390 SHARES	FMV	4,858,153	4,858,153
MFC ISHARES CORE S&P MID-CAP ETF (IJH) 16,750.000 SHARES	FMV	1,043,693	1,043,693
MFC ISHARES INC MSCI EMERGING MKTS EX (EMXC) 23,000.000 SHARES	FMV	1,275,350	1,275,350
MFC ISHARES TR GLOBAL INFRASTRUCTURE (IGF) 12,126.000 SHARES	FMV	633,826	633,826
MFC ISHARES TRUST CORE US (AGG) 20,000.000 SHARES	FMV	1,938,000	1,938,000
MFC VANGUARD INDEX FDS TOTAL STOCK MARKET ETF (VTI) 4,600.000 SHARES	FMV	1,333,126	1,333,126
MFC VANGUARD INTL EQUITY INDEX FDS FTSE (VWO) 85,100.000 SHARES	FMV	3,747,804	3,747,804
MFO BLACKROCK FDS. V HIGH YIELD (BHYIX) 748,198.120 SHARES	FMV	5,312,207	5,312,207
MFO DFA INVT DIMENSIONS GROUP INC REAL (DFVFX) 15,304.950 SHARES	FMV	615,565	615,565
NORTHEN TRUST PRIVATE EQUITY CORE FUND III, LP 1.000 SHARE	FMV	139,740	139,740
NORTHEN TRUST PRIVATE EQUITY CORE FUND VI, LP 1.000 SHARE	FMV	592,393	592,393
NORTHEN TRUST PRIVATE EQUITY CORE FUND VII, LP 537,256.380 SHARES	FMV	1,738,230	1,738,230
NTGI-QM COMMON DAILY S&P 500 EQUITY - NON LENDING 6,559.800 SHARES	FMV	14,331,543	14,331,543

- TIN:

TY 2024 LandEtcSchedule2

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
EQUIPMENT	2,748	2,748	0

- TIN:

TY 2024 LegalFeesSchedule

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LEGAL FEES	26,965	1,348	1,348	27,594

- TIN:

TY 2024 OtherAssetsSchedule

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ACCRUED INVESTMENT INCOME	74,786	69,765	69,765
RIGHT-OF-USE ASSET	20,851	71,536	71,536
PREPAID FEDERAL EXCISE TAX	25,086
SECURITY DEPOSIT		2,000	2,000
INVESTMENT PROCEED RECEIVABLES		473,658	473,658

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Description	Amount
UNREALIZED LOSS ON INVESTMENTS	473,598

- TIN:

TY 2024 OtherExpensesSchedule

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
OTHER EXPENSES THRU SCHEDULE K-1'S	0	450,491	473,153	0
ADVERTISING	2,022	0	0	2,022
INSURANCE	7,683	0	0	7,683
LAND MANAGEMENT	4,770	0	0	4,770
MISCELLANEOUS EXPENSES	3,013	151	151	2,862
OFFICE EXPENSES	5,426	271	271	5,155
OFFICE SUPPLIES AND EQUIPMENT	4,647	232	232	4,415
PAYROLL PROCESSING FEES	963	48	48	915
OTHER ART EXPENSES	40,481	0	0	40,481
UTILITIES	308	15	15	293

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
OTHER INCOME (LOSS) THRU SCHEDULE K-1'S		101,515	125,721
FEDERAL TAX REFUND	29,860		29,860

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Description	Amount
DEFERRED FEDERAL EXCISE TAX BENEFIT	2,577

- TIN:

TY 2024 OtherLiabilitiesSchedule

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Description	Beginning of Year - Book Value	End of Year - Book Value
DEFERRED FEDERAL EXCISE TAX	290,939	288,362
FEDERAL EXCISE TAX PAYABLE	0	11,302
LEASE PAYABLE	21,368	73,022

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES	124,988	124,988	124,988	0

- TIN:

TY 2024 TaxesSchedule

Name:

THE TRUSTEES OF SAILORS' SNUG

HARBOR IN THE CITY OF NEW YORK

EIN:

13-5562398

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
FEDERAL EXCISE TAX	90,389	0	0	54,000
UNRELATED BUSINESS INCOME TAX	12,768	0	0	0
FOREIGN TAXES THRU SCHEDULE K-1'S	0	8,538	8,583	0