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 Thoracic Foundation
C/O Taylor Ganson & Perrin LLP

Number and street (or P.O. box number if mail is not delivered to street address)160 Federal St 20th
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02110

A Employer identification number

04-2226641

B Telephone number (see instructions)

(617) 951-2777

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

$9,820,594J 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)
2	Check .............
3	Interest on savings and temporary cash investments	17,704		17,704	17,704
4	Dividends and interest from securities...	105,755		105,755	105,755
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		622,821
b	Gross sales price for all assets on line 6a 2,221,327
7	Capital gain net income (from Part IV, line 2)...			622,821
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........	746,280		746,280	123,459
13	Compensation of officers, directors, trustees, etc.	53,342		53,342	0	0
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	11,985	11,985	0	0
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	81,260	81,260	0	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	2,783	0	0	0
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	4,268	0	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	153,638		146,587	0	0
25	Contributions, gifts, grants paid.......	523,448				523,448
26	Total expenses and disbursements. Add lines 24 and 25	677,086		146,587	0	523,448
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	69,194
b	Net investment income (if negative, enter -0-)			599,693
c	Adjusted net income (if negative, enter -0-)...				123,459

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.............	3,439	58,998	58,998
	2	Savings and temporary cash investments.........	117,771	79,751	79,751
	3	Accounts receivable 125,343
		Less: allowance for doubtful accounts		125,343	125,343
	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)	280,141	List of Attached Documents: // Content 289,645	291,777
	b	Investments—corporate stock (attach schedule).......	3,819,202	List of Attached Documents: // Content 4,680,640	9,123,625
	c	Investments—corporate bonds (attach schedule).......	58,134	List of Attached Documents: // Content 48,098	48,935
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	1,033,177	List of Attached Documents: // Content 94,069	92,165
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,311,864	5,376,544	9,820,594
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	0	0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	5,311,864	5,376,544
	25	Net assets with donor restrictions............
		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).....	5,311,864	5,376,544
	30	Total liabilities and net assets/fund balances (see instructions).	5,311,864	5,376,544

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

5,311,864

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

69,194

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

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

5,381,058

Decreases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

4,514

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

5,376,544

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	130 shs Mondelez Intl Inc	P	2020-02-25	2024-05-29
b	50,000 US Treasury NT 2.5%	P	2022-07-19	2024-05-31
c	25,000 US Treasury NT 4.5%	P	2022-12-15	2024-08-09
d	50,000 US Treasury NT 4.5%	P	2022-12-15	2024-11-30
e	100 shs Caterpillar Inc	P	1995-08-17	2024-11-07
	15 shs Eli Lilly and Co	P	1995-08-17	2024-02-13
	25 shs Microsoft Corp	P	1995-08-17	2024-02-13
	200 shs Pfizer Inc	P	2003-03-04	2024-10-30
	15 shs Constellation Software Inc	P	2020-07-08	2024-01-18
	200 shs Graco Inc	P	2020-01-20	2024-11-12
	25,000 Hasbro Inc. Senior	P	2020-07-08	2024-11-19
	90 shs J & J Snack Food Corp	P	2020-07-08	2024-06-05
	10,000 Oracle Corp Senior Notes	P	2022-05-16	2024-07-08
	10,000 US Treasury Note	P	2022-11-03	2024-02-15
	10,000 US Treasury Note	P	2023-04-14	2024-01-02
	10,000 US Treasury Note	P	2023-04-14	2024-07-01
	3,520 shs American Superconductor Corp	P	2023-08-17	2024-07-23
	2,496 shs Arrowhead Pharmaceuticals	P	2024-01-05	2024-08-09
	1,339 shs Arrowhead Pharmaceutical	P	2024-06-06	2024-08-09
	3,719 shs Coursera Inc.	P	2023-08-25	2024-05-02
	1,817 shs Coursera Inc	P	2023-08-25	2024-05-03
	3,164 shs Coursera Inc.	P	2023-08-28	2024-05-03
	5,8790 shs Cutera Inc	P	2024-01-16	2024-02-28
	5,110 shs Cutera Inc	P	2024-01-17	2024-02-28
	1,222 shs Deciphera Pharmaceuticals	P	2024-02-23	2024-04-29
	801 shs Deciphera Pharmaceuticals	P	2024-02-26	2024-04-29
	648 shs Deciphera Pharmaceutical	P	2024-02-27	2024-04-29
	3,832 shs Deciphera Pharmaceutical	P	2024-02-28	2024-04-29
	967 shs Digi Intl	P	2023-08-25	2024-05-03
	206 shs Digi Intl	P	2024-02-01	2024-05-03
	160 shs Digi Intl	P	2024-02-02	2024-05-03
	2,789 shs Dynavax Technologies	P	2024-01-04	2024-08-26
	1,950 shs Dynavax Technologies	P	2024-01-04	2024-08-27
	1,915 shs Dynavax Technologies	P	2024-01-05	2024-08-27
	3,239 shs Dynavax Technologies	P	2024-01-05	2024-08-28
	1,028 shs Inari Medical Inc	P	2023-08-07	2024-02-29
	684 shs Myriad Genetics Inc	P	2024-05-31	2024-11-12
	298 shs Myriad Genetics Inc	P	2024-05-31	2024-11-13
	1,299 shs Myriad Genetics Inc	P	2024-06-03	2024-11-13
	1,118 shs Myriad Genetics Inc	P	2024-06-04	2024-11-13
	726 shs Myriad Genetics Inc	P	2024-06-05	2024-11-13
	337 shs Tenet Healthcare Corp	P	2023-03-30	2024-02-23
	268 shs Zscaler Inc	P	2023-11-02	2024-10-10
	332 shs Apple Computer Inc.	P	2019-10-11	2024-07-28
	968 shs Cognex Corp	P	2019-11-27	2023-11-13
	0.41 shs Concentra Group Holdings Parent Inc	P	2023-06-27	2024-11-26
	2,182 shs Digi Intl	P	2022-06-06	2024-05-02
	34 shs Digi Intl	P	2022-06-07	2024-05-02
	1,471 shs Digi Intl	P	2022-06-07	2024-05-03
	272 shs Guidewire Software Inc	P	2023-01-03	2024-11-13
	124 shs HCI Group Inc	P	2022-05-03	2024-01-05
	204 shs HCI Group Inc	P	2022-05-03	2024-01-08
	171 shs HCI Group Inc	P	2022-05-04	2024-01-08
	120 shs HCI Group Inc	P	2022-05-04	2024-01-09
	65 shs HCI Group Inc	P	2022-05-04	2024-01-12
	124 shs HCI Group Inc	P	2022-05-04	2024-01-16
	29 shs HCI Group Inc	P	2022-05-04	2024-01-17
	163 shs HCI Group Inc	P	2022-05-05	2024-01-17
	75 shs Microsoft Corp	P	2016-07-20	2024-07-16
	803 shs Snap On Inc	P	2010-03-17	2024-07-16
	775 shs Sterling Constr. Inc	P	2021-11-03	2024-01-18
	882 shs Sterling Constr. Inc	P	2021-11-03	2024-02-12
	164 shs Sterling Constr. Inc	P	2021-11-03	2024-09-20
	466 shs Tenet Healthcare Corp	P	2023-03-30	2024-06-06
	539 shs Tenet Healthcare Corp	P	2023-03-30	2024-07-16
	149 shs Tenet Healthcare Corp	P	2023-03-30	2024-10-24
	535 shs Tenet Healthcare Corp	P	2023-03-31	2024-10-24
	17,140 shs Arcadium Lithium PLC	P	2020-09-03	2024-02-23

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	8,710	7,443	1,267
b	50,000	50,000	0
c	24,950	25,019	-69
d	50,000	50,000	0
e	40,971	1,717	39,254
	11,129	283	10,846
	10,147	156	9,991
	5,698	5,512	186
	39,622	16,443	23,179
	17,671	14,803	2,868
	25,000	25,000	0
	14,498	12,778	1,720
	10,000	10,000	0
	10,000	9,776	224
	10,000	9,869	131
	10,000	9,851	149
	102,130	30,271	71,859
	59,629	88,852	-29,223
	31,988	33,347	-1,359
	35,329	62,642	-27,313
	17,566	30,605	-13,039
	30,588	52,770	-22,182
	11,903	19,723	-7,820
	10,346	17,494	-7,148
	30,758	19,679	11,079
	20,161	13,092	7,069
	16,310	10,869	5,441
	96,452	65,585	30,867
	24,787	29,859	-5,072
	5,280	5,704	-424
	4,101	4,606	-505
	31,756	41,713	-9,957
	21,765	29,165	-7,400
	21,375	28,382	-7,007
	35,465	48,005	-12,540
	48,930	67,707	-18,777
	11,151	15,713	-4,562
	4,784	6,846	-2,062
	20,854	29,099	-8,245
	17,948	25,034	-7,086
	11,655	16,444	-4,789
	31,417	19,453	11,964
	52,252	42,751	9,501
	74,480	19,676	54,804
	40,390	49,958	-9,568
	9	7	2
	55,388	55,371	17
	863	858	5
	37,706	37,133	573
	53,832	17,074	36,758
	11,155	8,113	3,042
	18,167	13,348	4,819
	15,229	11,603	3,626
	10,564	8,143	2,421
	5,636	4,411	1,225
	10,591	8,414	2,177
	2,499	1,968	531
	14,045	11,352	2,693
	33,889	4,188	29,701
	218,245	35,036	183,209
	59,669	19,593	40,076
	73,916	22,298	51,618
	24,776	4,146	20,630
	62,438	26,899	35,539
	72,033	31,113	40,920
	22,679	8,601	14,078
	81,432	31,469	49,963
	76,620	63,674	12,946

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			1,267
b			0
c			-69
d			0
e			39,254
			10,846
			9,991
			186
			23,179
			2,868
			0
			1,720
			0
			224
			131
			149
			71,859
			-29,223
			-1,359
			-27,313
			-13,039
			-22,182
			-7,820
			-7,148
			11,079
			7,069
			5,441
			30,867
			-5,072
			-424
			-505
			-9,957
			-7,400
			-7,007
			-12,540
			-18,777
			-4,562
			-2,062
			-8,245
			-7,086
			-4,789
			11,964
			9,501
			54,804
			-9,568
			2
			17
			5
			573
			36,758
			3,042
			4,819
			3,626
			2,421
			1,225
			2,177
			531
			2,693
			29,701
			183,209
			40,076
			51,618
			20,630
			35,539
			40,920
			14,078
			49,963
			12,946

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	622,821
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	-48,599

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	8,336
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	8,336
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	8,336
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	0
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	11,000
d	Backup withholding erroneously withheld ..........	6d	0

7	Total credits and payments. Add lines 6a through 6d..............		7	11,000
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	467
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	2,197
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax2,197	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?.........

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

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

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

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

N/A

The books are in care of right arrow

Edward R Martin Esq Telephone no. right arrow

(617) 951-2777

Located at right arrow

160 Federal StreetBostonMA ZIP+4 right arrow

02110

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)

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

1a(4)

(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-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Hilary Worthen	Trustee 0.50	0	0	0
2587 Hilgard Ave Berkeley,CA94709	Trustee 0.50	0	0	0
Edward R Martin	Trustee 3.00	0	0	0
160 Federal Street Boston,MA02110	Trustee 3.00	0	0	0
Patricia Shepard	Trustee 0.50	0	0	0
23 Burnham Street Belmont,MA02478	Trustee 0.50	0	0	0

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
NONE

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


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

8,461,182

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

357,485

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

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

8,818,667

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

8,818,667

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

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

132,280

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

8,686,387

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

434,319

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

434,319

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

8,336

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

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

8,336

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

425,983

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

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

425,983

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

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

425,983

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 ..........

523,448

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. .......

523,448

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					425,983
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......				79,201
b Total for prior years:20 , 20, 20			0
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........		0
4Qualifying distributions for 2024 from Part
XI, line 4: $ 523,448
a Applied to 2023, but not more than line 2a				79,201
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2024 distributable amount.....					425,983
e Remaining amount distributed out of corpus		18,264
5 Excess distributions carryover applied to 2024.		0			0
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		18,264
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......		18,264
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....	18,264

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 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

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

Edward R Martin Trustee
160 Federal Street 20th Floor
Boston,MA02110
(617) 951-2777

bThe form in which applications should be submitted and information and materials they should include:

Open

cAny submission deadlines:

None

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

None

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
Action on Smoking and Health(ASH) 1250 Connecticut Ave NW 7th Floor Washington,DC20036	none	Health	General funding for non-smokers rights	5,000
Asthma & Allergy Foundation of America 109 Highland Ave Needham Heights,MA02494	none	Health	Asthma Education and Awareness	25,000
Boston Community Pediatrics 527 Albany Street 200 Boston,MA02118	none	Charity	To assist with Covid-19 vaccine education and counseling.	25,000
Campaign for Tobacco Free Kids 1400 Eye Street NW Suite 1200 Washington,DC20005	none	Charity	Advocacy program - Take Down Tobacco	25,000
Campaign for Tobacco Free Kids 1400 Eye Street NW Suite 1200 Washington,DC20005	none	Charity	Accountability program - Protecting Kids	35,000
Children's Hospital 300 Longwood Ave Boston MA 02215 300 Longwood Avenue Boston,MA02115	none	Charity	Asthma Program-Ms. Klements program	30,000
Children's Wisconsin Foundation PO Box 1997 Milwaukee,WI53201	None	Charity	Support for Vaping project	25,000
Compassion & Choices 4155 East Jewell Ave Suite 200 Denver,CO80222	none	Charity	General purpose	35,000
Dana Farber Cancer Institute 10 Brookline Place West Brookline,MA02445	none	Charity	Dr. Janne's research on therapeutic targeting of drug induced persister cells	35,000
Dana Farber Cancer Institute 10 Brookline Place West Brookline,MA02445	none	Charity	Dr. David Barbie Research sensitizing small cell lung cancer to immune checkpoint blockade by restoring neoantigen displayEducation	35,000
Migrant Clinician Network 912 Dartmoor Drive Austin,TX78746	None	Charity	Assisting with TB issues with migrant workers	50,000
Southcoast Hospital 101 Page Street New Bedford MA 02740 101 Page Street New Bedford,MA02470	none	Charity	Breathe Free program	30,000
University of California Berkeley 1995 University Avenue Suite 400 Berkeley,CA94704	None	Charity	Gift to UC Regents to assist with research	25,000
Children's Hospital 300 Longwood Ave Boston MA 02215 300 Longwood Avenue Boston,MA02115	None	Charity	Dr. Carla Kim research	35,000
Health Resources in Action 2 Boylston Street 4th Floor Boston,MA02116	none	charity	Training of Community Health Workers in acute and chronic respiratory conditions	25,000
Lamoille Family Center 480 Cadys Falls Road Morrisville,VT05661	none	charity	Educating students on dangers of vaping	20,000
Iowa City Free Medical Clinic 2440 Towncrest Drive Iowa City,IA52240	none	charity	Assist with funding for Medical clinic for support for patients with asthma and breathing issues	20,000
Vital CXNS PO Box 320421 Boston,MA02132	none	charity	Assist with programs related to Long Covid	25,000
World of Pink 2800 NE 47th Street Lighthouse Point,FL33064	none	charity	to assist with manufacturing and delivery of post operative bras	10,000
NewtonSan Juan del Sur Sister City Project 211 Winslow Road Newton,MA02468	none	charity	assist with costs to build eco stoves	8,448
Total ................................. 3a				523,448

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	17,704
4 Dividends and interest from securities ....			14	105,755
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 .....			18
8 Gain or (loss) from sales of assets other than inventory ............			18	622,821
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		746,280	0

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

746,280

(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 Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Tax Preparation Fee	11,985	11,985	0	0

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Name of Bond	End of Year Book Value	End of Year Fair Market Value
10,000 shs Biogen Inc	10,021	9,943
10,000 shs Zoetis Inc	9,873	9,990
10,000 American Tower Corp New	9,701	9,768
20,000 shs Oracle Corp	18,503	19,234

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Name of Stock	End of Year Book Value	End of Year Fair Market Value
200 shs Novartis AG Sponsored ADR	9,644	19,462
1,200 shs Roche Holdings Ltd Sponsored ADR	26,867	41,856
150 shs McDonald's Corp Inc.	10,545	43,484
200 shs Accenture PLC	11,015	70,358
500 shs Exxon Mobil Corp	8,601	53,785
210 shs Rockwell Automation	24,430	60,016
250 shs Sempra Energy	13,330	43,860
500 shs Alphabet Inc. CL A	6,616	94,650
250 shs Procter & Gamble Co	17,637	41,913
200 shs Johnson & Johnson	10,621	28,924
300 shs Canadian National Railway	2,107	30,453
300 shs JP Morgan Chase & Co.	20,463	71,913
400 shs Nextera Energy	14,367	28,676
525 shs Edwards Lifesciences	17,998	38,866
75 shs Berkshire Hathaway	15,805	33,996
90 shs Lowes Companies Inc.	9,905	22,212
900 shs Enterprise Products Partners	25,362	28,224
700 shs Keurig Dr. Pepper Inc	18,681	22,484
700 shs Par Technology	14,989	50,869
438 shs Alcon Inc.	23,896	37,182
410 shs Nestle SA-Sponsored ADR	12,062	33,877
175 shs Pepsico Inc.	25,719	26,611
100 shs Watsco Inc	28,485	47,389
150 shs Alcon Inc.	10,458	12,734
75 shs Ecolab Inc.	15,421	17,574
400 shs Nike Inc.	9,699	30,268
30 shs Union Pacific	6,588	6,841
95 shs American Tower Corporation	24,354	17,424
700 shs Abbott Laboratories	5,757	79,177
100 shs Alphabet Inc	1,323	19,044
600 shs Texas Instruments	3,587	112,506
100 shs Visa Inc	20,329	31,604
600 shs Analog Devices	6,113	127,476
375 shs Alphabet Inc	5,309	70,988
320 shs Amazon.Com Inc	9,332	70,205
150 shs Home Depot	14,861	58,349
150 shs Microsoft Corp	4,393	63,225
245 shs Pepsico Inc	16,913	37,255
180 shs Visa Inc.	12,932	56,887
250 shs Aptargroup Inc	6,730	39,275
300 shs Baxter International	10,755	8,748
800 shs Keycorp	9,596	13,712
2,047 shs Agnico Eagle Mines LTD	106,623	160,096
1,385 shs Amazon Com Inc.	63,322	303,855
1,345 shs Cheniere Energy Inc	40,533	289,000
559 shs Dollar Tree Inc	79,930	41,891
6,120 shs Energy Recovery Inc	156,587	89,964
2,439 shs Exxon Mobil Corp	156,489	262,363
952 shs Generac Holdings Inc	187,170	147,608
474 shs Goldman Sachs Group Inc.	101,934	271,422
5,651 shs Kratos Defense & Security Solutions Com.	92,409	149,073
3,871 shs Primoris Services Corp.	111,909	295,744
936 shs Salesforce Inc.	141,163	312,933
14,220 shs Sunopta Inc	119,587	109,494
1,521 shs Walt Disney Company	172,916	169,363
500 shs Brookfield Corp	19,933	28,725
500 shs Brookfield Asset Mgmt	19,399	27,095
200 shs Caterpillar Inc	3,434	72,552
50 shs Danaher Corp	12,081	11,478
170 shs Eli Lilly and Co	3,211	131,240
400 shs Microsoft Corp	2,490	168,600
100 shs Nestle S A	9,999	8,170
150 shs Novo Nordisk A/s ADR	16,064	12,903
100 shs Ametek Inc	16,106	18,026
100 shs Diamondback Energy Inc	14,842	16,383
800 shs Veeva Systems Inc	15,203	15,769
400 shs Gitlab Inc	17,788	22,540
1,725 shs Ambarella Inc.	96,533	125,477
6,574 shs American Superconductor Corp	86,358	161,918
1,683 shs Apple Inc. Com	101,938	421,457
11,115 shs Avepoint Inc Com	96,374	183,509
1,841 shs Blueprint Medicines Corp	176,581	160,572
942 shs BWX Technologies Inc. Com	89,579	104,929
4,517 shs Concentra Group Holdings Parent Inc. Com	74,824	89,346
3,893 shs Everquote Inc. Com	91,840	77,821
1,442 shs Guidewire Softward Inc. Com	90,518	243,092
1,938 shs HCI Group Inc. Com	115,525	225,835
602 shs IDEX Corp	130,829	125,993
2,206 shs Intra-Celluar Therapies	168,637	184,245
301 shs Intuit Inc.	18,727	189,179
1,549 shs Ligand Pharmaceutical Inc. Com	124,703	165,975
897 shs Microsoft Corp	50,087	378,086
2,353 shs Nextera Energy Inc	147,043	168,686
1,784 shs Pegasystems Inc. Com	126,912	166,269
5,487 shs Pfizer Inc. Com	167,194	145,570
5,598 shs Select Medical Holdings Corp	87,364	105,522
1,083 shs Sterling Infrastructure Inc. Com	27,379	182,431
856 shs Tenet Healthcare Corp	50,351	108,053
4,457 shs Tower Semiconductor LTD	146,575	229,580
562 shs Zscaler Inc. Com	89,649	101,390
3,317 shs BP Spon ADR EAach Rep 6 Ord shs	80,403	98,051

- TIN:

TY 2024 InvestmentsGovtObligationsSch

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

US Government Securities - End of Year Book Value:

289,645

US Government Securities - End of Year Fair Market Value:

291,777

State & Local Government Securities - End of Year Book Value:

State & Local Government Securities - End of Year Fair Market Value:

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
25,000 Coach Inc 4.25% due 4/1/25	AT COST	24,561	24,946
25,000 Molson Coors Brewing Co	AT COST	25,358	24,351
15,000 Coach Inc 4.125% due 7/15/27	AT COST	14,983	14,695
10,000 Sherwin Williams Company 2.3% CPN	AT COST	10,183	8,734
10,000 CVS Health 3% cpn 8/15/26	AT COST	9,408	9,686
10,000 EBAY Inc 3.6% CPN	AT COST	9,576	9,753

- TIN:

TY 2024 OtherDecreasesSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Description	Amount
Adjustment to Book values	4,514

- TIN:

TY 2024 OtherExpensesSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Form PC filing fee	105	0	0	0
FNZ ADR Fees	66	0	0	0
ADR Fees Schwab	72	0	0	0
Account Maintenance Fee	425	0	0	0
Fee for Medical consultant	3,600	0	0	0

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Category	Amount	Net Investment Income
FNZ Agency fees	2,992	2,992
RBC fees	11,639	11,639
Taylor, Ganson & Perrin, LLP, for Trust Administration for 2020	3,619	3,619
Essex Management	63,010	63,010

- TIN:

TY 2024 TaxesSchedule

Name:

The Thoracic Foundation

C/O Taylor Ganson & Perrin LLP

EIN:

04-2226641

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
Foreign Taxes paid Charles Schwab	1,340	0	0	0
Foreign Taxes paid from FNZ	819	0	0	0
Foreign Taxes paid RBC	624	0	0	0