Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
CEDAR TREE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)100 FRANKLIN STREET 704
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02110
A Employer identification number

13-3601934
B Telephone number (see instructions)

(617) 695-6767
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$86,624,071J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 27,247 27,247  
4 Dividends and interest from securities... 1,539,048 1,468,069  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 482,673
b Gross sales price for all assets on line 6a 21,103,108
7 Capital gain net income (from Part IV, line 2)... 758,101
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,048,968 2,253,417  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 225,687 31,643   194,044
14 Other employee salaries and wages...... 241,463 33,854   207,609
15 Pension plans, employee benefits....... 217,942 20,524   197,418
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
2,691 0   2,691
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
40,125 5,216   34,909
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
390,070 390,070   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
69,045 4,600   33,596
19 Depreciation (attach schedule) and depletion... 3,187 414  
20 Occupancy.............. 180,752 23,412   157,340
21 Travel, conferences, and meetings....... 12,858 0   12,858
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
476,109 240,918   310,178
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,859,929 750,651   1,150,643
25 Contributions, gifts, grants paid....... 13,492,844 9,318,134
26 Total expenses and disbursements. Add lines 24 and 25 15,352,773 750,651   10,468,777
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -13,303,805
b Net investment income (if negative, enter -0-) 1,502,766
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 2,829,673 1,149,947 1,149,947
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 88,141 78,479 78,479
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 57,461,273 Click to see attachment
List of Attached Documents:
// Content
64,556,269 		64,556,269
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow525,000
Less: accumulated depreciation (attach schedule) right arrow   525,000 525,000 525,000
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 24,587,086 Click to see attachment
List of Attached Documents:
// Content
19,927,117 		19,927,117
14 Land, buildings, and equipment: basis right arrow74,956
Less: accumulated depreciation (attach schedule) right arrow70,864 5,900 4,092 4,092
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
549,845 		Click to see attachment
List of Attached Documents:
// Content
383,167 		Click to see attachment
List of Attached Documents:
// Content
383,167
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 86,046,918 86,624,071 86,624,071
Liabilities 17 Accounts payable and accrued expenses.......... 655,779 592,872
18 Grants payable................. 11,684,703 13,053,484
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
431,702 		Click to see attachment
List of Attached Documents:
// Content
256,834
23 Total liabilities (add lines 17 through 22)......... 12,772,184 13,903,190
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........... 73,274,734 72,720,881
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)..... 73,274,734 72,720,881
30 Total liabilities and net assets/fund balances (see instructions). 86,046,918 86,624,071
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
73,274,734
2
Enter amount from Part I, line 27a .....................
2
-13,303,805
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
12,749,952
4
Add lines 1, 2, and 3 ..........................
4
72,720,881
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
72,720,881
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a EAGLE CAPITAL MANAGEMENT P    
b GRANITE INVESTMENT MANAGEMENT P    
c RIVERBRIDGE P    
d WALDEN ASSET MANAGEMENT P    
e HARDING LOEVNER P    
BRECKINRIDGE P    
PASSTHROUGH LOSSES FROM PARTNERSHIP INVESTMENTS P    
MUTUAL FUNDS P    
MUTUAL FUND - BROWN CAPITAL MANAGEMENT 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 3,585,658   2,857,359 728,299
b 3,646,414   3,745,430 -99,016
c 1,120,230   903,021 217,209
d 1,912,168   1,486,411 425,757
e 2,079,345   1,821,039 258,306
8,526,286   8,956,535 -430,249
    427,303 -427,303
28,007     28,007
205,000   147,909 57,091
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       728,299
b       -99,016
c       217,209
d       425,757
e       258,306
      -430,249
      -427,303
      28,007
      57,091
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 2 758,101
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 20,888
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 20,888
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 20,888
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 46,911
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 20,888
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 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.CEDARTREEFOUND.ORG
14
The books are in care ofright arrowDEBRA MONIZ Telephone no.right arrow (617) 695-6767

Located atright arrow100 FRANKLIN STREETBOSTONMA ZIP+4right arrow02110
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
Yes
 
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
JOAN M SMITH PRESIDENT
5.00 		0 0 0
100 FRANKLIN STREET SUITE 704
BOSTON,MA02110
ANDREA L SMITH VICE PRESIDENT
5.00 		8,000 0 0
100 FRANKLIN STREET SUITE 704
BOSTON,MA02110
KRISTIN LEADER CLERK
5.00 		8,000 0 0
100 FRANKLIN STREET SUITE 704
BOSTON,MA02110
RACHEL ALTERNATIVE BOARD MEMBER
5.00 		0 0 0
100 FRANKLIN STREET SUITE 704
BOSTON,MA02110
JENNIFER L SMITH TREASURER
5.00 		8,500 0 0
100 FRANKLIN STREET SUITE 704
BOSTON,MA02110
SOPHIA KOLEHMAINEN EXECUTIVE DIRECTOR
40.00 		201,187 59,517 0
100 FRANKLIN STREET SUITE 704
BOSTON,MA02110
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
DEBRA MONIZ DIRECTOR FINANCE & A
40.00 		185,929 56,686 0
100 FRANKLIN STREET SUITE 704
BOSTON,MA02110
GREG HORNER SENIOR PROGRAM OFFIC
30.00 		92,786 49,320 0
100 FRANKLIN STREET SUITE 704
BOSTON,MA02110
DANA CAMPION GRANTS MANAGER
40.00 		85,713 48,365 0
100 FRANKLIN STREET SUITE 704
BOSTON,MA02110
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
80,646,169
b
Average of monthly cash balances.......................
1b
4,109,514
c
Fair market value of all other assets (see instructions)................
1c
990,739
d
Total (add lines 1a, b, and c).........................
1d
85,746,422
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
85,746,422
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,286,196
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
84,460,226
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
4,223,011
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
4,223,011
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
20,888
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
15,193
c
Add lines 2a and 2b............................
2c
36,081
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
4,186,930
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
4,186,930
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
4,186,930
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
10,468,777
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
10,468,777
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 4,186,930
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 2,093,633
b From 2019...... 5,634,522
c From 2020...... 2,661,950
d From 2021...... 2,082,912
e From 2022...... 3,840,132
f Total of lines 3a through e ........ 16,313,149
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 10,468,777
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 4,186,930
e Remaining amount distributed out of corpus 6,281,847
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 22,594,996
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		2,093,633
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		20,501,363
10 Analysis of line 9:
a Excess from 2019.... 5,634,522
b Excess from 2020.... 2,661,950
c Excess from 2021.... 2,082,912
d Excess from 2022.... 3,840,132
e Excess from 2023.... 6,281,847
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ADVANCEMENT PROJECT EDUCATION FUND

1220 L STREET NW SUITE 850
WASHINGTON,DC20005 		  PC GENERAL SUPPORT 150,000

ALASKA COMMUNITY ACTION ON TOXINS

505 WEST NORTHERN LIGHTS SUITE 205
ANCHORAGE,AK99503 		  PC GENERAL SUPPORT 125,000

ALDO LEOPOLD FOUNDATION

E13701 LEVEE ROAD
BARABOO,WI53913 		  PC PROJECT SUPPORT OF THE FUTURE LEADERS FELLOWSHIP 20,000

ALL IN ENERGY

30 FAIRVIEW ST
ROSLINDALE,MA02131 		  PC GENERAL SUPPORT 15,000

ALL SOULS CHURCH UNITARIAN

1500 HARVARD STREET NW
WASHINGTON,DC20009 		  PC ROJECT SUPPORT FOR THE 2023 BUILDING REPAIR CAMPAIGN 800,000

ALLIED MEDIA PROJECTS

4126 THIRD AVE
DETROT,MI48201 		  PC PROJECT SUPPORT FOR THE DECOLONIZING WEALTH PROJECT 30,000

ALTERNATIVES FOR COMMUNITY AND ENVIRONMENT

2201 WASHINGTON STREET SUITE 302
ROXBURY,MA02119 		  PC GENERAL SUPPORT 30,000

BEACON HOUSE COMMUNITY MINISTRY INC

601 EDGEWOOD STREET NE SUITE 15
WASHINGTON,DC20017 		  PC GENERAL SUPPORT 3,500

BELOVED COMMUNITY CENTER OF GREENSBORO

PO BOX 875
GREENSBORO,NC27402 		  PC GENERAL SUPPORT 100,000

BEYOND BOND AND LEGAL DEFENSE

394 CENTRAL STREET
SAUGUS,MA01906 		  PC PROJECT SUPPORT FOR THE BOSTON IMMIGRATION JUSTICE ACCOMPANIMENT NETWORK 8,000

BK ROT

86 WYCKOFF AVENUE
BROOKLYN,NY11237 		  PC GENERAL SUPPORT 25,000

BOSTON IMPACT INITIATIVE FUND

PO BOX 300443
JAMAICA PLAIN,MA02130 		  SO I PROJECT SUPPORT FOR FIELD BUILDING INITIATIVES 50,000

CENTER FOR BLACK WOMEN'S WELLNESS

477 WINDSOR ST SW RM 309
ATLANTA,GA30312 		  PC PROJECT SUPPORT FOR THE CHILDREN'S ENVIRONMENTAL HEALTH PROGRAM 125,000

CENTER FOR CIVIC POLICY

PO BOX 27616
ALBUQUERQUE,NM87102 		  PC PROJECT SUPPORT FOR THE NEW MEXICO DREAM TEAM 100,000

CENTER FOR CIVIC POLICY

PO BOX 27616
ALBUQUERQUE,NM87102 		  PC GENERAL SUPPORT 150,000

CENTER FOR ECONOMIC DEMOCRACY

434 MASSACHUSETTS AVENUE SUITE 201
BOSTON,MA02118 		  PC PROJECT SUPPORT FOR BOSTON UJIMA PROJECT 24,000

CENTRO OBERO DEL FRONTERIZO

200 TEXAS AVE
EL PASO,TX79901 		  PC PROJECT SUPPORT FOR LA MUJER OBRERA'S CHILDREN'S ENVIRONMENTAL HEALTH PROGRAM 75,000

CHILDREN'S ENVIRONMENTAL HEALTH NETWORK

110 MARYLAND AVENUE NE SUITE 404
WASHINGTON,DC20002 		  PC GENERAL SUPPORT 100,000

CITY BLOSSOMS

516 KENNEDY ST NW
WASHINGTON,DC20011 		  PC GENERAL SUPPORT 70,000

CIVIL EATS

502 E COTATI AVE UNIT 7014
COTATI,CA94931 		  PC GENERAL SUPPORT 6,000

CLICK INC

41 CLUB ROAD
WINDHAM,CT06280 		  PC PROJECT SUPPORT FOR PROFESSIONAL DEVELOPMENT OR CAPACITY BUILDING WITHIN GROW WINDHAM 3,000

COLORADO PLATEAU FOUNDATION

113 E BIRCH AVE
FLAGSTAFF,AZ86001 		  PC GENERAL SUPPORT 50,000

COMING CLEAN

28 VERNON STREET SUITE 434
BRATTLEBORO,VT05301 		  PC GENERAL SUPPORT 125,000

COMMON FUTURE

2323 BROADWAY
OAKLAND,CA94612 		  PC PROJECT SUPPORT FOR POTLIKKER CAPITAL 60,000

CONSERVATORY LAB CHARTER SCHOOL FOUNDATION

2120 DORCHESTER AVENUE
DORCHESTER,MA02124 		  PC PROJECT SUPPORT FOR CAMPAIGN TO UPGRADE/MODERNIZE THE LOWER SCHOOL 1,000,000

CONSERVATORY LAB CHARTER SCHOOL FOUNDATION

2120 DORCHESTER AVENUE
DORCHESTER,MA02124 		  PC PROJECT SUPPORT FOR ENVIRONMENTAL SCIENCE TEACHERS 160,000

CONSERVATORY LAB CHARTER SCHOOL FOUNDATION

2120 DORCHESTER AVENUE
DORCHESTER,MA02124 		  PC GENERAL SUPPORT 15,000

CULTIVATE CHARLOTTESVILLE

PO BOX 5282
CHARLOTTESVILLE,VA22905 		  PC PROJECT SUPPORT FOR YOUTH PROGRAM 25,000

CULTIVATE CHARLOTTESVILLE

PO BOX 5282
CHARLOTTESVILLE,VA22905 		  PC PROJECT SUPPORT FOR PROFESSIONAL DEVELOPMENT OR CAPACITY BUILDING WITHIN THE YOUTH FOOD JUSTICE LEADERSHIP PROGRAM 3,000

DEFEND OUR HEALTH

565 CONGRESS STREET
PORTLAND,MA04101 		  PC GENERAL SUPPORT 125,000

DELAWARE RIVERKEEPER NETWORK

925 CANAL STREET SUITE 3701
BRISTOL,PA19007 		  PC PROJECT SUPPORT FOR DEFEATING FRACKING AND ITS INFRASTRUCTURE 50,000

EARTHFORCE

PO BOX 1228
DENVER,CO80201 		  PC GENERAL SUPPORT 100,000

ECO CITY FARMS

6010 TAYLOR ROAD
RIVERDALE,MD20737 		  PC PROJECT SUPPORT FOR YOUTH PROGRAM 25,000

EMMANUAL MUSIC

PO BOX 171184
BOSTON,MA02117 		  PC GENERAL SUPPORT 50,000

EVKIDS

PO BOX 220502
DORCHESTER,MA02122 		  PC GENERAL SUPPORT 100,000

EVKIDS

PO BOX 220502
DORCHESTER,MA02122 		  PC PROJECT SUPPORT FOR ORGANIZATIONAL CAPACITY BUILDING WITHIN THE STRATEGIC PLAN 200,000

FIRST PARISH BROOKLINE

24 FARNSWORTH ST
BOSTON,MA02210 		  PC GENERAL SUPPORT 5,000

GEORGIA MUSLIM VOTER PROJECT

5680 OAKBROOK PARKWAY SUITE 145
NORCROSS,GA30093 		  PC GENERAL SUPPORT 125,000

GREENROOTS

227 MARGINAL ST SUITE 1
CHELSEA,MA02150 		  PC GENERAL SUPPORT 20,000

GROUNDSWELL

PO BOX 71642
OAKLAND,CA94612 		  PC PROJECT SUPPORT FOR THE LIBERATION FUND 30,000

GROW DAT YOUTH FARM

1 PALM DR
NRE ORLEANS,LA70124 		  PC PROJECT SUPPORT FOR YOUTH PROGRAM 25,000

HOME ENERGY EFFICIENCY TEAM

21 ACORN STREET
CAMBRIDGE,MA02139 		  PC GENERAL SUPPORT 20,000

HONOR THE EARTH

PO BOX 63
CALLAWAY,MN56521 		  PC PROJECT SUPPORT FOR THE REGRANTING PROGRAM 50,000

HULIAUAPA'A

PO BOX 141
HAKALAU,HI96710 		  PC GENERAL SUPPORT FOR BUILDING HAWAIIAN BIRTHING RESOURCES 5,000

IMMIGRANT FAMILY SERVICES INSTITUTE (IFSI-USA)

5 JALLEISON STREET
HYDE PARK,MA02136 		  PC GENERAL SUPPORT 10,000

INDIAN COUNTRY TODAY

PO BOX 929
PHOENIX,AZ85001 		  PC GENERAL SUPPORT 6,000

INDIGENOUS EDUCATIONAL NETWORK OF TURTLE ISLAND

PO BOX 485
BEMIDJI,MT56619 		  PC GENERAL SUPPORT 15,000

ISLAND GROWN INITIATIVE LTD

PO BOX 622
VINEYARD HAVEN,MA02568 		  PC PROJECT SUPPORT FOR THE EDIBLE FOOD FOREST PROJECT 70,000

JONES VALLEY TEACHING FARM

701 25TH STREET NORTH
BIRMINGHAM,AL35203 		  PC PROJECT SUPPORT FOR YOUTH PROGRAM 25,000

LA COLABORATIVA

318 BROADWAY
CHELSEA,MA02150 		  PC SPONSORSHIP OF THE 2023 LA COLABORATIVA SURVIVAL CENTER GALA 10,000

LA COLABORATIVA

318 BROADWAY
CHELSEA,MA02150 		  PC PROJECT SUPPORT OF LA PLAZITA AT THE CULTURAL SURVIVAL CENTER 10,000

LA COLABORATIVA

318 BROADWAY
CHELSEA,MA02150 		  PC GENERAL SUPPORT 15,000

LAND STEWARDSHIP PROJECT

821 EAST 35TH STREET SUITE 200
MINNEAPOLIS,MN55407 		  PC PROJECT SUPPORT FOR PROMOTING REGENERATIVE GRAZING AS PART OF THE BRIDGE TO SOIL HEALTH PROGRAM 125,000

LIGHT HOUSE GROUP

1127 KILDAIRE FARM ROAD
CARY,NC27511 		  PC PROJECT SUPPORT FOR MUSLIM WOMEN 40,000

MARTHA'S VINEYARD MUSEUM

PO BOX 1310
EDGARTOWN,MA02539 		  PC GENERAL SUPPORT 3,000

NAAEE

1725 DESALES 401 NW
WASHINGTON,DC20036 		  PC PROJECT SUPPORT FOR ESTABLISHMENT OF CEE CHANGE FELLOWSHIP 148,297

NA'AH ILLAHEE FUND

PO BOX 17844
SEATTLE,WA98127 		  PC PROJECT SUPPORT FOR CAPACITY BUILDING & REGRANTING PROGRAMS 50,000

NATIONAL AUDUBON SOCIETY

225 VARICK STREET 7TH FLOOR
NEW YORK,NY10014 		  PC PROJECT SUPPORT FOR THE AUDUBON CONSERVATION RANCHING PROGRAM 125,000

NAVA EDUCATION PROJECT

PO BOX 35698
ALBUQUERQUE,NM87176 		  PC GENERAL SUPPORT 65,000

NEIGHBOR TO NEIGHBOR MASSACHUSETTS EDUCATION FUND

15 COURT SQUARE SUITE 345
BOSTON,MA02108 		  PC PROJECT SUPPORT FOR ENVIRONMENTAL AND CLIMATE JUSTICE WORK 20,000

NEO PHILANTHROPY

45 WEST 36TH STREET 6TH FLOOR
NEW YORK,NY10018 		  PC PROJECT SUPPORT FOR THE YOUTH ENGAGEMENT FUND 20,000

NEW ENGLAND CONSERVATORY

290 HUNTINGTON AVE
BOSTON,MA02115 		  PC GENERAL SUPPORT 3,000

NEW ENGLAND GRASSROOTS ENVIRONMENTAL FUND

PO BOX 611
NEWMARKET,NH03857 		  PC PROJECT SUPPORT FOR INDIGENOUS REGRANTING IN NEW ENGLAND 55,000

NORTHEAST NATIVE NETWORK OF KINSHIP AND HEALING

82 WENDELL AVE STE 100
PITTSFIELD,MA01201 		  PC GENERAL SUPPORT 5,000

OAYE LUTA OKOLAKIEIYE

PO BOX 22792
RAPID CITY,SD57709 		  PC GENERAL SUPPORT 5,000

PIIKANI LODGE HEALTH INSTITUTE

PO BOX 850 GOVERNMENT SQUARE
BROWNING,MT59417 		  PC PROJECT SUPPORT OF THE BLACKFEET NATION REGENERATIVE GRAZING INITIATIVE 130,000

POLLY HILL ARBORETUM

PO BOX 561 809 STATE ROAD
WEST TISBURY,MA02575 		  PC GENERAL SUPPORT 40,000

PRACTICAL FARMERS OF IOWA

1615 GOLDEN ASPEN DRIVESUITE 101
AMES,IA50010 		  PC PROJECT SUPPORT FOR PROMOTING REGENERATIVE GRAZING 175,000

QUIVIRA COALITION

1413 SECOND ST STE 1
SANTE FE,NM87505 		  PC PROJECT SUPPORT FOR NORTHERN PLAINS RANGELAND STEWARDSHIP PROGRAM 110,000

REGENERATIVE AGRICULTURE FOUNDATION

45 WEST 36TH STREET 6TH FLOOR
NEW YORK,NY10018 		  PC PROJECT SUPPORT FOR THE HERD FELLOWS SCHOLARSHIP FUND 15,000

RESILIENT SISTERHOOD PROJECT

263 HUNTINGTON AVENUE SUITE 302
BOSTON,MA02115 		  PC GENERAL SUPPORT 60,000

SEED COMMONS

116 NASSAU ST SUITE 513
NEW YORK,NY10038 		  PC GENERAL SUPPORT 30,000

SEVENTH GENERATION FUND FOR INDIGENOUS PEOPLES INC

PO BOX 4569
ARCATA,CA95518 		  PC GENERAL SUPPORT 40,000

SEVENTH GENERATION FUND FOR INDIGENOUS PEOPLES INC

PO BOX 4569
ARCATA,CA95518 		  PC PROJECT SUPPORT FOR THE STANDING ROCK WIND FARM 60,000

SHERIFFS MEADOW FOUNDATION

PO BOX 1088
VINEYARD HAVEN,MA02568 		  PC GENERAL SUPPORT 20,000

SILENT SPRING INSTITUTE

320 NEVADA STREET SUITE 302
NEWTON,MA02460 		  PC GENERAL SUPPORT 30,000

SOCIAL & ENVIRONMENTAL ENTREPRENEURS INC FOR BUILDING EQUITY AND ALIGNMENT

23532 CALABASAS ROAD SUITE A
CALABASAS,CA91302 		  PC PROJECT SUPPORT FOR THE BUILDING EQUITY AND ALIGNMENT FOR IMPACT FUND 60,000

SOCIETY FOR CONSERVATION BIOLOGY

1133 15TH STREET NW SUITE 300
WASHINGTON,DC20005 		  PC PROJECT SUPPORT FOR SMITH FELLOWS PROGRAM 1,629,336

SOCIETY FOR CONSERVATION BIOLOGY

1133 15TH STREET NW SUITE 300
WASHINGTON,DC20005 		  PC PROJECT SUPPORT FOR SMITH FELLOWS PROGRAM 245,501

SOLEBURY SCHOOL

6832 PHILLIPS MILL RD
NEW HOPE,PA18938 		  PC PROJECT SUPPORT FOR THE SHAPING SOLEBURY CAMPAIGN 150,000

SOUL FIRE FARM

1972 NY-2
PETERSBURG,NY12138 		  PC GENERAL SUPPORT 15,000

SOUTHWEST ORGANIZING PROJECT

211 10TH ST SW
ALBUQUERQUE,NM87102 		  PC GENERAL SUPPORT 100,000

SPEAK FOR THE TREES BOSTON

49 OLIVER STREET
WATERTOWN,MA02472 		  PC GENERAL SUPPORT 30,000

TANKA FUND

287 WATER TOWER ROAD
KYLE,SD57752 		  PC GENERAL SUPPORT 100,000

TEXAS ORGANIZING PROJECT EDUCATION FUND

PO BOX 120296
SAN ANTONIO,TX78212 		  PC GENERAL SUPPORT 100,000

THE NATURE CONSERVANCY

99 BEDFORD STREET
BOSTON,MA02111 		  PC PROJECT SUPPORT FOR WORK ON MARTHA'S VINEYARD 3,000

TNSE

PO BOX 90774
SPRINGFIELD,MA01139 		  PC PROJECT SUPPORT FOR GARDENING THE COMMUNITY 10,000

UNITARIAN UNIVERSALIST ASSOCIATION FOR FIRST PARISH IN BROOKLINE

382 WALNUT STREET
BROOKLINE,MA02445 		  PC PROJECT SUPPORT FOR THE SOCIAL JUSTICE FUND 5,000

UNITING RESILIENCE

1329 EGLIN ST 271
RAPID CITY,SD57701 		  PC GENERAL SUPPORT 5,000

UNIVERSITY OF ARKANSAS FOUNDATION INC

535 W RESEARCH CENTER BLVD STE 120
FAYETTEVILLE,AR72701 		  PC PROJECT SUPPORT FOR THE INDIGENOUS FOOD & AGRICULTURE INITIATIVE 80,000

URBAN AFFAIRS COALITION FOR VIETLEAD

1207 CHESTNUT STREET
PHILADELPHIA,PA19107 		  PC PROJECT SUPPORT FOR VIETLEADS YOUTH WORK AT RESILIENT ROOTS COMMUNITY FARM 20,000

URBAN FARMING INSTITUTE

34 LINWOOD STREET
ROXBURY,MA02119 		  PC GENERAL SUPPORT 10,000

VINEYARD CONSERVATION SOCIETY

PO BOX 2189 VINEYARD HAVEN MA 02568
VINEYARD HAVEN,MA02568 		  PC GENERAL SUPPORT 75,000

WEST HARLEM ENVIRONMENTAL ACTION INC

1854 AMSTERDAM AVENUE 2ND FLOOR
NEW YORK,NY01003 		  PC PROJECT SUPPORT FOR THE CAMPAIGN AGAINST TOXIC SKIN AND HAIR PRODUCTS 100,000

WEST TISBURY LIBRARY FOUNDATION

PO BOX 1238
WEST TISBURY,MA02575 		  PC GENERAL SUPPORT 3,000

WESTERN SUSTAINABILITY EXCHANGE

PO BOX 1448
LIVINGSTON,MT59047 		  PC PROJECT SUPPORT FOR ADVANCING REGENERATIVE GRAZING IN MONTANA 90,000

WI CONSERVATION HALL OF FAME FOUNDATION

2419 NORTH POINT DR
STEVENS POINT,WI54481 		  PC PROJECT SUPPORT FOR THE INDUCTION OF MICHAEL DOMBECK INTO THE WI CONSERVATION HALL OF FAME 2,500

WINDHAM REGIONAL COMMUNITY COUNCIL INC

872 MAIN ST
WILLIMANTIC,CT06226 		  PC PROJECT SUPPORT FOR GROW WINDHAM 25,000

WINROCK INTERNATIONAL INSTITUTE FOR AGRICULTURAL DEVELOPMENT FOR THE PASTUR

2101 RIVERFRONT DRIVE
LITTLE ROCK,AR72202 		  PC PROJECT SUPPORT WINROCK SOLUTIONS' PASTURE PROJECT 125,000

WINSOR MUSIC

312 WALTHAM ST
LEXINGTON,MA02421 		  PC GENERAL SUPPORT 2,000

WOLFE'S NECK FARM FOUNDATION

184 BURNETT RD
FREEPORT,ME04032 		  PC PROJECT SUPPORT FOR NEW ENGLAND GRAZING NETWORK 125,000

WOMEN ENGAGED

1530 DEKALB AVE NE STE A
ATLANTA,GA30307 		  PC GENERAL SUPPORT 100,000

WOMEN IN RANCHING

PO BOX 76
COHAGEN,MT59322 		  PC PROJECT SUPPORT FOR EMPOWERING INDIGENOUS WOMEN IN RANCHING 70,000

WOMEN'S VOICES FOR THE EARTH

PO BOX 8743
MISSOULA,MT05980 		  PC GENERAL SUPPORT 125,000
Total .................................right arrow 3a 9,318,134
bApproved for future payment

ALDO LEOPOLD FOUNDATION
E13701 LEVEE ROAD
BARABOO,WI53913 		  PC PROJECT SUPPORT OF THE FUTURE LEADERS FELLOWSHIP 20,000

ALL IN ENERGY
30 FAIRVIEW ST
ROSLINDALE,MA02131 		  PC GENERAL SUPPORT 15,000

BOSTON IMPACT INITIATIVE FUND
PO BOX 300443
JAMAICA PLAIN,MA02130 		  SO I PROJECT SUPPORT FOR FIELD BUILDING INITIATIVES 50,000

CENTER FOR ECONOMIC DEMOCRACY
434 MASSACHUSETTS AVENUE SUITE 201
BOSTON,MA02118 		  PC PROJECT SUPPORT FOR BOSTON UJIMA PROJECT 24,000

CIVIL EATS
502 E COTATI AVE UNIT 7014
COTATI,CA94931 		  PC GENERAL SUPPORT 12,000

EVKIDS
PO BOX 220502
DORCHESTER,MA02122 		  PC GENERAL SUPPORT 200,000

FIRST PARISH BROOKLINE
24 FARNSWORTH ST
BOSTON,MA02210 		  PC GENERAL SUPPORT 10,000

HOME ENERGY EFFICIENCY TEAM
21 ACORN STREET
CAMBRIDGE,MA02139 		  PC GENERAL SUPPORT 20,000

LAND STEWARDSHIP PROJECT
821 EAST 35TH STREET SUITE 200
MINNEAPOLIS,MN55407 		  PC PROJECT SUPPORT FOR PROMOTING REGENERATIVE GRAZING AS PART OF THE BRIDGE TO SOIL HEALTH PROGRAM 125,000

NEW ENGLAND GRASSROOTS ENVIRONMENTAL FUND
PO BOX 611
NEWMARKET,NH03857 		  PC PROJECT SUPPORT FOR INDIGENOUS REGRANTING IN NEW ENGLAND 110,000

POLLY HILL ARBORETUM
PO BOX 561 809 STATE ROAD
WEST TISBURY,MA02575 		  PC GENERAL SUPPORT 80,000

REGENERATIVE AGRICULTURE FOUNDATION
45 WEST 36TH STREET 6TH FLOOR
NEW YORK,NY10018 		  PC PROJECT SUPPORT FOR THE HERD FELLOWS SCHOLARSHIP FUND 30,000

RESILIENT SISTERHOOD PROJECT
263 HUNTINGTON AVENUE SUITE 302
BOSTON,MA02115 		  PC GENERAL SUPPORT 120,000

SHERIFFS MEADOW FOUNDATION
PO BOX 1088
VINEYARD HAVEN,MA02568 		  PC GENERAL SUPPORT 40,000

SOCIETY FOR CONSERVATION BIOLOGY
1133 15TH STREET NW SUITE 300
WASHINGTON,DC20005 		  PC PROJECT SUPPORT FOR SMITH FELLOWS PROGRAM 6,379,551

THE NATURE CONSERVANCY
99 BEDFORD STREET
BOSTON,MA02111 		  PC PROJECT SUPPORT FOR WORK ON MARTHA'S VINEYARD 3,000

UNIVERSITY OF ARKANSAS FOUNDATION INC
535 W RESEARCH CENTER BLVD STE 120
FAYETTEVILLE,AR72701 		  PC PROJECT SUPPORT FOR THE INDIGENOUS FOOD & AGRICULTURE INITIATIVE 80,000

VINEYARD CONSERVATION SOCIETY
PO BOX 2189 VINEYARD HAVEN MA 02568
VINEYARD HAVEN,MA02568 		  PC GENERAL SUPPORT 75,000

WINROCK INTERNATIONAL INSTITUTE FOR AGRICULTURAL DEVELOPMENT FOR THE PASTUR
2101 RIVERFRONT DRIVE
LITTLE ROCK,AR72202 		  PC PROJECT SUPPORT WINROCK SOLUTIONS' PASTURE PROJECT 125,000

WOLFE'S NECK FARM FOUNDATION
184 BURNETT RD
FREEPORT,ME04032 		  PC PROJECT SUPPORT FOR NEW ENGLAND GRAZING NETWORK 125,000

WOMEN IN RANCHING
PO BOX 76
COHAGEN,MT59322 		  PC PROJECT SUPPORT FOR EMPOWERING INDIGENOUS WOMEN IN RANCHING 70,000
Total ................................. right arrow 3b 7,713,551
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 27,247  
4 Dividends and interest from securities .... 901101 68,988 14 1,470,060  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 482,673  
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) .. 68,988 1,979,980 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,048,968
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
CEDAR TREE FOUNDATION
EIN:
13-3601934
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 40,125 5,216   34,909

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

TY 2023 ExpenditureResponsibilityStmt
Name:
CEDAR TREE FOUNDATION
EIN:
13-3601934
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
ALTERNATIVE FOUNDATION
  		2200 HUNT STREET SUITE 441
DETROIT,MI48207 		2020-02-07 4,541,841 PROJECT SUPPORT FOR ACTIVITIES WITHIN THE HISTORIC PRACTICES OF CEDAR TREE FOUNDATION, INCLUDING INITIATIVES PRIMARILY FOCUSED ON THE ENVIRONMENT. 2,238,749 CEDAR TREE FOUNDATION HAS NO KNOWLEDGE OF ANY DIVERSION. THE GRANTEE'S ANNUAL REPORT WAS SUBMITTED ON JANUARY 15, 2024   VERIFICATION WILL OCCUR AS DEEMED NECESSARY.
ALTERNATIVE FOUNDATION
  		2200 HUNT STREET SUITE 441
DETROIT,MI48207 		2023-12-15 3,000,000 PROJECT SUPPORT FOR ACTIVITIES WITHIN THE HISTORIC PRACTICES OF CEDAR TREE FOUNDATION, INCLUDING INITIATIVES PRIMARILY FOCUSED ON THE ENVIRONMENT. 0 CEDAR TREE FOUNDATION HAS NO KNOWLEDGE OF ANY DIVERSION. THE GRANTEE'S ANNUAL REPORT WAS SUBMITTED ON JANUARY 15, 2024   VERIFICATION WILL OCCUR AS DEEMED NECESSARY.

TY 2023 InvestmentsCorpStockSchedule
Name:
CEDAR TREE FOUNDATION
EIN:
13-3601934
Name of Stock End of Year Book Value End of Year Fair Market Value
EAGLE CAPITAL MANAGEMENT 11,790,544 11,790,544
GRANITE 12,641,098 12,641,098
WALDEN CAPITAL 5,137,324 5,137,324
GENERATION 13,155,987 13,155,987
RIVERBRIDGE ADVISORS 4,840,099 4,840,099
NEW ALTERNATIVES FUND 2,159,601 2,159,601
PAX GLOBAL ENVIRONMENT MARKETS FUND 5,327,261 5,327,261
HARDING LOVE 9,504,241 9,504,241
GLACIER 114 114

TY 2023 InvestmentsOtherSchedule2
Name:
CEDAR TREE FOUNDATION
EIN:
13-3601934
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
CASH EQUIVALENTS FMV 1,700,964 1,700,964
REAL ESTATE INVESTMENT TRUST FMV 285,808 285,808
INV. PARTNERSHIP - CLEANTECH FUND OF FUNDS FMV 574,595 574,595
PROGRAM RELATED INVESTMENTS FMV 500,000 500,000
LOW DURATION/HIGH CREDIT PORTFOLIO - BRECKINRIDGE ADVISORS FMV 16,865,750 16,865,750

TY 2023 LegalFeesSchedule
Name:
CEDAR TREE FOUNDATION
EIN:
13-3601934
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 2,691 0   2,691


TY 2023 OtherAssetsSchedule
Name:
CEDAR TREE FOUNDATION
EIN:
13-3601934
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
SECURITY DEPOSIT 29,640 29,640 29,640
INVESTMENT INCOME RECEIVABLE 127,430 121,565 121,565
RIGHT-OF-USE ASSET 392,775 231,962 231,962


TY 2023 OtherExpensesSchedule
Name:
CEDAR TREE FOUNDATION
EIN:
13-3601934
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING 228,246 197,856   30,390
BOARD EXPENSE 110,062 14,308   95,754
INSURANCE 18,577 2,415   16,162
FELLOW PROGRAM EXPENSE 51,262 0   51,262
OFFICE EXPENSE 40,855 704   40,151
EQUIPMENT 589 77   512
FOREIGN TAXES 25,558 25,558   0
STATE FILING FEE 960 0   960
ACCRUAL TO CASH ADJUSTMENT 0 0   74,987


TY 2023 OtherIncreasesSchedule
Name:
CEDAR TREE FOUNDATION
EIN:
13-3601934
Description Amount
UNREALIZED GAIN 12,749,952


TY 2023 OtherLiabilitiesSchedule
Name:
CEDAR TREE FOUNDATION
EIN:
13-3601934
Description Beginning of Year - Book Value End of Year - Book Value
LEASE LIABILITY 431,702 256,834


TY 2023 OtherProfessionalFeesSchedule
Name:
CEDAR TREE FOUNDATION
EIN:
13-3601934
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT FEES - ALL ACCOUNTS 390,070 390,070   0


TY 2023 TaxesSchedule
Name:
CEDAR TREE FOUNDATION
EIN:
13-3601934
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES 30,849 0   0
PAYROLL TAXES 38,196 4,600   33,596