Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE FLETCHER FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)100 FRONT STREET 5TH FLOOR
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
WORCESTER, MA01608
A Employer identification number

04-6470890
B Telephone number (see instructions)

(508) 459-8000
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$72,677,923J 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      
4 Dividends and interest from securities... 1,778,772 1,711,662  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 61,889
b Gross sales price for all assets on line 6a 3,372,331
7 Capital gain net income (from Part IV, line 2)... 61,889
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
100,571    
12 Total. Add lines 1 through 11........ 1,941,232 1,773,551  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
445,908 222,954 0 222,954
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
6,000 6,000   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
139,375 43,603   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
17,311 8,953   2,596
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 608,594 281,510 0 225,550
25 Contributions, gifts, grants paid....... 3,304,500 3,304,500
26 Total expenses and disbursements. Add lines 24 and 25 3,913,094 281,510 0 3,530,050
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,971,862
b Net investment income (if negative, enter -0-) 1,492,041
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 956,579 1,022,858 1,022,858
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 31,106,769 Click to see attachment
List of Attached Documents:
// Content
28,745,007 		65,871,122
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........     0
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
869,212 		Click to see attachment
List of Attached Documents:
// Content
851,656 		Click to see attachment
List of Attached Documents:
// Content
5,783,943
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 32,932,560 30,619,521 72,677,923
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 32,932,560 30,619,521
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)..... 32,932,560 30,619,521
30 Total liabilities and net assets/fund balances (see instructions). 32,932,560 30,619,521
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
32,932,560
2
Enter amount from Part I, line 27a .....................
2
-1,971,862
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
30,960,698
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
341,174
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
30,619,524
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 96.107 BLACKROCK FUNDS II HLTHSC OP A   2023-12-08 2024-05-29
b 120.618 BLACKROCK FUNDS II HLTHSC OP A   2023-07-21 2024-05-29
c 4151.1 BLACKROCK FUNDS II HLTHSC OP A   2017-02-17 2024-05-29
d 148.16 BLACKROCK FUNDS II HLTHSC OP A   2017-12-05 2024-05-29
e 311.512 BLACKROCK FUNDS II HLTHSC OP A   2018-12-07 2024-05-29
28.895 BLACKROCK FUNDS II HLTHSC OP A   2018-12-07 2024-05-29
416.799 BLACKROCK FUNDS II HLTHSC OP A   2022-07-15 2024-05-29
169.814 BLACKROCK FUNDS II HLTHSC OP A   2019-12-06 2024-05-29
1.31 BLACKROCK FUNDS II HLTHSC OP A   2019-12-06 2024-05-29
37.515 BLACKROCK FUNDS II HLTHSC OP A   2021-12-09 2024-05-29
275.93 BLACKROCK FUNDS II HLTHSC OP A   2021-12-09 2024-05-29
57.526 BLACKROCK FUNDS II HLTHSC OP A   2020-12-08 2024-05-29
158.518 BLACKROCK FUNDS II HLTHSC OP A   2020-12-08 2024-05-29
38.062 BLACKROCK FUNDS II HLTHSC OP A   2021-07-19 2024-05-29
133.701 BLACKROCK FUNDS II HLTHSC OP A   2021-07-19 2024-05-29
3518. CVS CORP   2006-01-27 2024-10-24
5000. CVS CORP   2018-05-09 2024-10-24
4350. CISCO SYSTEMS INC COM   2019-06-11 2024-10-24
166.75 ONEOK INC NEW COM   2020-01-08 2024-09-11
2501.25 ONEOK INC NEW COM   2020-01-08 2024-09-11
10000. ORGANON & CO COMMON STOCK   2021-09-10 2024-05-13
16000. PFIZER INC COM   2018-05-09 2024-02-12
357. SANDOZ GROUP AG SPONSORED ADS   2011-08-10 2024-05-13
660. SANDOZ GROUP AG SPONSORED ADS   2018-05-09 2024-05-13
64. SANDOZ GROUP AG SPONSORED ADS   2014-11-12 2024-05-13
1800. TECHNOLOGY SELECT SECTOR SPDR FUND   2023-10-06 2024-05-29
8900. TORONTO DOMINION BK ONT COM NEW   2020-05-27 2024-10-24
1462.846 VIRTUS EQUITY & CONV INCM FD COM   2013-04-17 2024-10-24
538.943 VIRTUS EQUITY & CONV INCM FD COM   2013-04-05 2024-10-24
692.927 VIRTUS EQUITY & CONV INCM FD COM   2013-04-05 2024-10-24
1688.433 VIRTUS EQUITY & CONV INCM FD COM   2013-04-05 2024-10-24
1539.838 VIRTUS EQUITY & CONV INCM FD COM   2013-04-17 2024-10-24
1539.838 VIRTUS EQUITY & CONV INCM FD COM   2013-04-12 2024-10-24
1539.838 VIRTUS EQUITY & CONV INCM FD COM   2013-04-12 2024-10-24
1539.337 VIRTUS EQUITY & CONV INCM FD COM   2013-04-08 2024-10-24
5376. VODAFONE GROUP PLC NEW SPONSORED ADR   2024-05-29 2024-10-24
5500. VODAFONE GROUP PLC NEW SPONSORED ADR   2021-01-07 2024-10-24
1. CAMBRIDGE SEMANTICS INC SER C PARTICIPATING PFD SHS   2013-05-01 2024-12-31
1. KI GAIN/LOSS   2024-01-01 2024-12-31
1. KI GAIN/LOSS   2022-01-01 2024-12-31
1. KI GAIN/LOSS   2022-01-01 2024-12-31
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 6,613   6,049 564
b 8,300   7,954 346
c 285,637   200,000 85,637
d 10,195   7,863 2,332
e 21,435   17,828 3,607
1,988   1,654 334
28,680   25,679 3,001
11,685   10,656 1,029
90   82 8
2,581   2,674 -93
18,987   19,666 -679
3,958   4,103 -145
10,908   11,306 -398
2,619   2,927 -308
9,200   10,283 -1,083
199,787   100,219 99,568
283,950   307,525 -23,575
244,724   249,575 -4,851
15,062   15,823 -761
225,929   237,441 -11,512
207,148   344,138 -136,990
440,472   532,776 -92,304
12,664   4,677 7,987
23,413   11,920 11,493
2,270   1,401 869
387,485   300,960 86,525
502,701   395,866 106,835
33,965   27,374 6,591
12,513   10,135 2,378
16,089   13,056 3,033
39,203   31,949 7,254
35,753   29,144 6,609
35,753   29,155 6,598
35,753   29,417 6,336
35,741   29,435 6,306
51,181   50,203 978
52,362   98,478 -46,116
    130,575 -130,575
821     821
6,871     6,871
    476 -476
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
      47,845
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       564
b       346
c       85,637
d       2,332
e       3,607
      334
      3,001
      1,029
      8
      -93
      -679
      -145
      -398
      -308
      -1,083
      99,568
      -23,575
      -4,851
      -761
      -11,512
      -136,990
      -92,304
      7,987
      11,493
      869
      86,525
      106,835
      6,591
      2,378
      3,033
      7,254
      6,609
      6,598
      6,336
      6,306
      978
      -46,116
      -130,575
      821
      6,871
      -476
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 61,889
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 20,739
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 20,739
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 20,739
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 39,072
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 39,700
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 78,772
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 58,033
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow20,740 Refundedright arrow 11 37,293
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowWARNER S FLETCHER Telephone no.right arrow (508) 459-8000

Located atright arrow100 FRONT STREET 5TH FLOORWORCESTERMA ZIP+4right arrow01608
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
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 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
ALLEN W FLETCHER TRUSTEE/CHAIRMAN
5 		0    
4 ASH STREET
WORCESTER,MA01604
WARNER S FLETCHER TTEE/TREAS/SEC
5 		0    
11 MONOMOUTH ROAD
WORCESTER,MA01609
MARY F FLETCHER TRUSTEE
1 		0    
11 MONMOUTH ROAD
WORCESTER,MA01609
ANDREW FLETCHER TRUSTEE
1 		0    
62 LEDGELAWN AVENUE
LEXINGTON,MA02420
ETHAN FLETCHER TRUSTEE
1 		0    
411 51ST STREET
OAKLAND,CA94609
JUSTIN FLETCHER TRUSTEE
1 		0    
3 KEELER FARM WAY
LEXINGTON,MA02420
MATTHEW FLETCHER TRUSTEE
1 		0    
29 BURROUGHS STREET
LEXINGTON,MA02420
MEGAN FLETCHER TRUSTEE
1 		0    
1689 NOE STREET
SAN FRANCISCO,CA94131
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
FLETCHER TILTON PC TRUST & ACCOUNTING 429,908
100 FRONT STREET 5TH FLOOR
WORCESTER,MA01608
FTW&CO CUSTODIAL FEES 6,000
100 FRONT STREET 5TH FLOOR
WORCESTER,MA01608
FLETCHER TILTON TAX PREPARATION FEES 16,000
100 FRONT STREET 5TH FLOOR
WORCESTER,MA01608
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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
66,138,637
b
Average of monthly cash balances.......................
1b
1,657,033
c
Fair market value of all other assets (see instructions)................
1c
1,831,650
d
Total (add lines 1a, b, and c).........................
1d
69,627,320
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
69,627,320
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,044,410
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
68,582,910
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,429,146
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
3,429,146
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
20,739
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
20,739
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,408,407
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,408,407
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
3,408,407
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
3,530,050
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
3,530,050
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 3,408,407
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 0
b From 2020...... 0
c From 2021...... 0
d From 2022...... 0
e From 2023...... 92,779
f Total of lines 3a through e ........ 92,779
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 3,530,050
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 3,408,407
e Remaining amount distributed out of corpus 121,643
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 5 214,422
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 ...... 		214,422
10 Analysis of line 9:
a Excess from 2020.... 0
b Excess from 2021.... 0
c Excess from 2022.... 0
d Excess from 2023.... 92,779
e Excess from 2024.... 121,643
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
NA
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.
NA
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:
WARNER S FLETCHER
100 FRONT STREET 5TH FLOOR
WORCESTER,MA01608
(508) 459-8000
bThe form in which applications should be submitted and information and materials they should include:
SEE FOOTNOTES FOR DETAILS
cAny submission deadlines:
SEE FOOTNOTES FOR DETAILS
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE FOOTNOTES FOR DETAILS
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

WORCESTER ROOTS INC

4 KING STREET
WORCESTER,MA01610 		NONE 501(C)(3) GRANTS 4,000

NEW ENGLAND BOTANIC GARDEN AT TOWER HILL

11 FRENCH DRIVE
BOYLSTON,MA01505 		NONE 501(C)(3) GRANTS 150,000

ANNA MARIA COLLEGE

50 SUNSET LANE
PAXTON,MA01612 		NONE 501(C)(3) GRANTS 150,000

TUFTS UNIVERSITY
2024 UNSOLICITED GRANT FBO TRUSTEES
PO BOX 3306
BOSTON,MA02241 		NONE 501(C)(3) GRANTS 10,000

GIRL SCOUTS OF CENTRAL AND WESTERN MASS
2024 UNSOLICITED GRANT
115 CENTURY DRIVE
WORCESTER,MA01606 		NONE 501(C)(3) GRANTS 5,000

UNITED WAY OF CENTRAL MASSACHUSETTS
2024 UNSOLICITED GRANT
484 MAIN STREET
WORCESTER,MA01608 		NONE 501(C)(3) GRANTS 55,000

RACHEL'S TABLE

633 SALLISBURY ST
WORCESTER,MA01609 		NONE 501(C)(3) GRANTS 8,000

WORCESTER CENTER FOR CRAFTS

25 SAGAMORE ROAD
WORCESTER,MA01605 		NONE 501(C)(3) GRANTS 100,000

ECOTARIUM

222 HARRINGTON WAY
WORCESTER,MA01604 		NONE 501(C)(3) GRANTS 500,000

YWCA OF CENTRAL MASSACHUSETTS
2024 UNSOLICITED GRANT
1 SALEM STREET
WORCESTER,MA01608 		NONE 501(C)(3) GRANTS 6,000

MAB COMMUNITY SERVICES-MASS ASSOCIATION
FOR THE BLIND & VISUALLY IMPAIRED
799 WEST BOYLSTON STREET
WORCESTER,MA01606 		NONE 501(C)(3) GRANTS 5,000

WORCESTER ANIMAL RESCUE LEAGUE

139 HOLDEN STREET
WORCESTER,MA01606 		NONE 501(C)(3) GRANTS 103,000

MUSIC WORCESTER INC

319 MAIN STREET
WORCESTER,MA01608 		NONE 501(C)(3) GRANTS 4,000

BIG BROTHERS BIG SISTERS OF CENTRAL MASS
2024 UNSOLICITED GRANT
18 CHESTNUT STREET SUITE 340
WORCESTER,MA01608 		NONE 501(C)(3) GRANTS 10,000

ADULT & TEEN CHALLENGE MASSACHUSETTS-WOR

81 CHATHAM ST
WORCESTER,MA01609 		NONE 501(C)(3) GRANTS 20,000

MCAULEY NAZARETH INC
2023 JUNE GRANT
77 MULBERRY STREET
LEICESTER,MA01524 		NONE 501(C)(3) GRANTS 12,000

WICN PUBLIC RADIO INC

50 PORTLAND STREET
WORCESTER,MA01608 		NONE 501(C)(3) GRANTS 17,000

MASSACHUSETTS SYMPHONY ORCHESTRA
2023 JUNE GRANT
BOX 20070
WORCESTER,MA016020070 		NONE 501(C)(3) GRANTS 10,000

UMASS MEMORIAL HEALTH-COMMUNITY HEALTHLI

78 JACQUES AVENUE
WORCESTER,MA01610 		NONE 501(C)(3) GRANTS 11,000

PLANNED PARENTHOOD LEAGUE OF MASS
2024 UNSOLICITED GRANT
1055 COMMONWEALTH AVENUE
BOSTON,MA02215 		NONE 501(C)(3) GRANTS 20,000

CASA PROJECT INC (THE)

100 GROVE STREET
WORCESTER,MA01605 		NONE 501(C)(3) GRANTS 25,000

GREATER BOSTON FOOD BANK
2024 UNSOLICITED GRANT
70 SOUTH BAY AVENUE
BOSTON,MA02118 		NONE 501(C)(3) GRANTS 2,500

ARTSWORCESTER

44 PORTLAND STREET
WORCESTER,MA01608 		NONE 501(C)(3) GRANTS 9,000

QUINSIGAMOND COMMUNITY COLLEGE
2024 JUNE GRANT
670 WEST BOYLSTON STREET
WORCESTER,MA01606 		NONE 501(C)(3) GRANTS 253,000

WORCESTER REGIONAL RESEARCH BUREAU
2023 JUNE GRANT
100 FRONT STREET 19TH FLOOR
WORCESTER,MA01608 		NONE 501(C)(3) GRANTS 6,000

LITERACY VOLUNTEERS OF GREATER WORCESTER

3 SALEM STREET SUITE 332
WORCESTER,MA01608 		NONE 501(C)(3) GRANTS 20,000

MAIN SOUTH COMMUNITY DEVELOPMENT CORP

875 MAIN STREET
WORCESTER,MA01610 		NONE 501(C)(3) GRANTS 30,000

YOU INC FA SEVEN HILLS FND

81 HOPE AVENUE
WORCESTER,MA01603 		NONE 501(C)(3) GRANTS 10,000

JOY OF MUSIC PROGRAM INC
2023 JUNE GRANT
1 GORHAM STREET
WORCESTER,MA01605 		NONE 501(C)(3) GRANTS 68,000

WORCESTER COUNTY FOOD BANK
2024 UNSOLICITED GRANT
474 BOSTON TURNPIKE
SHREWSBURY,MA01545 		NONE   GRANTS 5,000

VNA CARE NETWORK AND HOSPICE INC
2023 JUNE GRANT
10 JUDITH ROAD
WORCESTER,MA01602 		NONE 501(C)(3) GRANTS 20,000

WORCESTER YOUTH CENTER INC
2024 JUNE GRANT
326 CHANDLER STREET
WORCESTER,MA01602 		NONE 501(C)(3) GRANTS 15,000

WORCESTER REGIONAL STRATEGIC
OPPORTUNITIES FOUNDATION
25 FRANCIS STREET
WORCESTER,MA01606 		NONE 501(C)(3) GRANTS 150,000

APPLE TREE ARTS INC
2023 JUNE GRANT
P O BOX 75
GRAFTON,MA01519 		NONE 501(C)(3) GRANTS 10,000

COMMUNITY HARVEST PROJECT INC
2024 UNSOLICITED GRANT
37 WHEELER ROAD
NORTH GRAFTON,MA01536 		NONE 501(C)(3) GRANTS 15,000

REGIONAL ENVIRONMENTAL COUNCIL INC
2024 SEPTEMBER GRANT
PO BOX 255
WORCESTER,MA01613 		NONE 501(C)(3) GRANTS 410,000

HANOVER THEATRE FOR THE PERFORMING ARTS

2 SOUTHBRIDGE STREET
WORCESTER,MA01608 		NONE 501(C)(3) GRANTS 150,000

WORCESTER CHAMBER MUSIC SOCIETY
2023 JUNE GRANT
P O BOX 21001
WORCESTER,MA01602 		NONE 501(C)(3) GRANTS 10,000

END HUNGER NE
2024 UNSOLICITED GRANT
73 LANCASTER STREET
WORCESTER,MA01609 		NONE 501(C)(3) GRANTS 2,000

HABITAT FOR HUMANITY METROWESTWORCESTER
2024 SEPTEMBER GRANT
111 PARK AVENUE
WORCESTER,MA01609 		NONE 501(C)(3) GRANTS 53,000

MASSACHUSETTS BIOMEDICAL INITATIVES
2023 JUNE GRANT
GATEWAY PARK 17 BRIDEN STREET
WORCESTER,MA01605 		NONE 501(C)(3) GRANTS 75,000

BARTON CENTER FOR DIABETES EDUCATION INC
2024 UNSOLICITED GRANT
30 ENNIS ROAD
NORTH OXFORD,MA01537 		NONE 501(C)(3) GRANTS 40,000

COASTAL MOUNTAIN LAND TRUST
2024 UNSOLICITED GRANT
101 MOUNT BATTIE STREET
CAMDEN,ME04843 		NONE 501(C)(3) GRANTS 2,500

GREATER WORCESTER LAND TRUST
2024 UNSOLICITED GRANT
4 ASH STREET
WORCESTER,MA01608 		NONE 501(C)(3) GRANTS 105,000

MUSICIANS OF THE OLD POST ROAD
2024 UNSOLICITED GRANT
349 BOSTON POST ROAD
WESTON,MA02493 		NONE 501(C)(3) GRANTS 1,000

SOCIETY OF SAINT VINCENT DE PAUL OF ALME

2272 SAN PABLO AVENUE
OAKLAND,CA94612 		NONE 501(C)(3) GRANTS 2,500

CANAL DISTRICT ALLIANCE

138 GREEN STREET
WORCESTER,MA01604 		NONE 501(C)(3) GRANTS 5,000

RISE ABOVE FOUNDATION
2024 UNSOLICITED GRANT
PO BOX 174
NORTHBRIDGE,MA01534 		NONE 501(C)(3) GRANTS 5,000

RIA INC
2024 UNSOLICITED GRANT
330 COCHITUATE ROAD 1784
FRAMINGHAM,MA01701 		NONE 501(C)(3) GRANTS 5,000

FOOD LINK INC
2024 UNSOLICITED GRANT
108 SUMMER STREET
ARLINGTON,MA02476 		NONE 501(C)(3) GRANTS 5,000

AMERICAN RED CROSS-CENTRAL MASSACHUSETTS
2024 UNSOLICITED GRANT
2000 CENTURY DRIVE
WORCESTER,MA01606 		NONE 501(C)(3) GRANTS 20,000

DISMAS HOUSE OF MASSACHUSETTS INC

PO BOX 30125
WORCESTER,MA01603 		NONE 501(C)(3) GRANTS 10,000

PLEASANT STREET NEIGHBORHOOD NETWORK
CENTER
301 PLEASANT STREET
WORCESTER,MA01609 		NONE 501(C)(3) GRANTS 8,000

CREATIVE HUB WORCESTER

653 MAIN STREET
WORCESTER,MA01610 		NONE 501(C)(3) GRANTS 250,000

OUR BRIGHT FUTURE INC

32 EVERETT STREET
SOUTHBRIDGE,MA01550 		NONE 501(C)(3) GRANTS 10,000

WORCESTER PUBLIC MARKET
2024 UNSOLICITED GRANT
4 ASH STREET
WORCESTER,MA01608 		NONE 501(C)(3) GRANTS 100,000

PROVISION MINISTRY INC
2023 JUNE GRANT
7 THOMAS NEWTON DRIVE
WESTBOROUGH,MA01581 		NONE 501(C)(3) GRANTS 10,000

ONE WORCESTER
2024 JUNE GRANT
PO BOX 2496
WORCESTER,MA01613 		NONE 501(C)(3) GRANTS 12,000

SHU REN EDUCATION FOUNDATION

PO BOX 5141
BERKELEY,CA94705 		NONE 501(C)(3) GRANTS 5,000

WORCESTER HOMECOMING INC FA WORCESTER
REGIONAL CHAMBER OF COMMERCE
238 SHREWSBURY STREET
WORCESTER,MA01604 		NONE 501(C)(3) GRANTS 20,000

BRIDGE OF FAITH YOUTH CENTER INC
2024 UNSOLICITED GRANT
45 CHARLTON STREET
SOUTHBRIDGE,MA01550 		NONE 501(C)(3) GRANTS 10,000

BERNARD FAMILY COMMUNITY KITCHEN INC

10 IRVING STREET
WORCESTER,MA01609 		NONE 501(C)(3) GRANTS 25,000

OAKLAND ROOTS & SOUL FOUNDATION INC

2744 EAST 11TH STREET
OAKLAND,CA94601 		NONE 501(C)(3) GRANTS 2,500

WORCESTER RISE FOR HEALTH
2024 UNSOLICITED GRANT
18 CHESTNUT STREET SUITE 230
WORCESTER,MA01605 		NONE 501(C)(3) GRANTS 100,000

BAY AREA WILDERNESS TRAINING

1100 57TH AVENUE
OAKLAND,CA94621 		NONE 501(C)(3) GRANTS 2,500

STERN GROVE FESTIVAL ASSOCIATION
2024 UNSOLICITATED GRANT
832 FOLSOM STREET SUITE 1000
SAN FRANCISCO,CA94107 		NONE 501(C)(3) GRANTS 10,000
Total .................................right arrow 3a 3,304,500
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 1,778,772  
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 61,889  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aRENTAL INCOME K-1S 		523000 -282      
bBUSINESS INCOME 523000 100,607      
cROYALTY INCOME - F     14    
dOTHER INCOME 523000 246      
eRENTAL INCOME - PA 523000        
fSTATE TAX REFUND     14    
12 Subtotal. Add columns (b), (d), and (e) .. 100,571 1,840,661  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,941,232
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE FLETCHER FOUNDATION
EIN:
04-6470890
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUDIT & ACCOUNTING FEES (ALLOC 429,908 214,954   214,954
TAX PREPARATION FEE (NON-ALLOC 16,000 8,000   8,000

TY 2024 InvestmentsCorpStockSchedule
Name:
THE FLETCHER FOUNDATION
EIN:
04-6470890
Name of Stock End of Year Book Value End of Year Fair Market Value
AMERICAN HIGH INCOME TR SHS CL 550,015 556,661
SANDOZ GROUP AG SPONSORED ADS    
ALPHABET INC CAP STK CL A (FUN 130,614 757,200
ALPHABET INC CAP STK CL C (FUN 128,899 761,760
COMCAST CORP NEW CL A (FUND M) 299,449 243,945
VERIZON COMMUNICATIONS INC COM 638,986 641,600
VODAFONE GROUP PLC NEW SPONSOR    
AMAZON COM INC COM (FUND M) 417,367 1,167,155
GARMIN LTD SHS (FUND M) 200,331 592,998
ALTRIA GROUP INC COM (FUND M) 515,382 718,308
KELLANOVA COM (FUND M) 285,740 467,197
PHILIP MORRIS INTL INC COM (FU 196,638 726,553
BP PLC SPONSORED ADR (FUND M) 291,912 467,048
CHEVRON CORP NEW COM (FUND M) 515,768 1,095,570
EXXON MOBIL CORP COM (FUND M) 506,835 1,129,485
ONEOK INC NEW COM (FUND M)    
BLACKROCK INC COM (FUND M) 199,750 795,485
BLACKSTONE INC COM (FUND M) 407,045 2,108,697
CARLYLE GROUP INC COM (FUND M) 301,652 843,183
FAIRFAX FINL HLDGS LTD SUB VTG 209,429 528,109
JPMORGAN CHASE & CO COM (FUND 546,169 1,486,202
TORONTO DOMINION BK ONT COM NE    
TRUIST FINL CORP COM (FUND M) 249,642 299,322
ABBVIE INC COM (FUND M) 299,857 829,148
CVS HEALTH CORP COM (FUND M)    
JOHNSON & JOHNSON COM (FUND M) 351,935 885,074
MERCK & CO INC COM (FUND M) 329,448 596,880
NOVARTIS AG SPONSORED ADR (FUN 319,617 525,961
AUTOMATIC DATA PROCESSING INC 317,325 731,825
LOCKHEED MARTIN CORP COM (FUND 160,379 510,237
ANALOG DEVICES INC COM (FUND M 200,537 468,474
APPLE INC COM (FUND M) 143,659 2,178,654
BROADCOM INC COM (FUND M) 150,030 3,373,272
CISCO SYS INC COM (FUND M)    
MICROCHIP TECHNOLOGY INC. COM 325,708 666,407
MICROSOFT CORP COM (FUND M) 422,466 1,854,600
QUALCOMM INC COM (FUND M) 190,533 860,272
SALESFORCE INC COM (FUND M) 299,049 590,092
SEAGATE TECHNOLOGY HLDNGS PLC 298,540 839,796
CROWN CASTLE INC COM (FUND M) 301,013 261,933
IRON MTN INC DEL COM (FUND M) 484,326 1,405,531
AIM INVT FDS INVESCO INVT FDS 730,630 789,540
BLACKROCK FUNDS II HLTHSC OP A    
CAPITAL INCOME BLDR SHS CL F-2 758,159 1,115,399
BLACKROCK UTILS INFRASTRUCTURE 296,345 339,735
INVESCO QQQ TR UNIT SER 1 (FUN 314,391 508,674
SELECT SECTOR SPDR TR TECHNOLO    
VIRTUS EQUITY & CONV INCM FD C    
AMERICAN TOWER CORP NEW COM (F 399,727 787,379
WELLTOWER INC COM (FUND M) 496,326 1,045,545
ALPHABET INC CAP STK CL A (FUN 501,296 1,760,490
AMAZON COM INC COM (FUND P) 480,000 1,316,340
ALTRIA GROUP INC COM (FUND P) 436,745 711,144
BRITISH AMERN TOB PLC SPONSORE 686,937 581,120
KIMBERLY-CLARK CORP COM (FUND 307,575 393,120
PEPSICO INC COM (FUND P) 597,596 1,011,199
CHEVRON CORP NEW COM (FUND P) 448,424 1,111,068
EXXON MOBIL CORP COM (FUND P) 274,711 1,075,700
PHILLIPS 66 COM (FUND P) 30,791 330,397
SAN JUAN BASIN RTY TR UNIT BEN 259,642 153,200
BLACKSTONE INC COM (FUND P) 250,549 1,362,118
FAIRFAX FINL HLDGS LTD SUB VTG 458,590 1,570,429
GLADSTONE CAPITAL CORP COM (FU 293,282 511,920
MIDDLEBURY NATL CORP COM (FUND 79,200 489,600
CVS HEALTH CORP COM (FUND P) 617,179 448,900
JOHNSON & JOHNSON COM (FUND P) 350,739 940,030
ORGANON & CO COMMON STOCK (FUN    
PFIZER INC COM (FUND P)    
AUTOMATIC DATA PROCESSING INC 83,799 731,825
LOCKHEED MARTIN CORP COM (FUND 653,250 971,880
RAYTHEON TECHNOLOGIES CORP COM 153,393 266,156
UNITED PARCEL SERVICE INC CL B 217,451 378,300
APPLE INC COM (FUND P) 249,385 2,253,780
APPLIED MATLS INC COM (FUND P) 205,342 813,150
AVNET INC COM (FUND P) 251,807 313,920
CISCO SYS INC COM (FUND P) 241,546 414,400
MICROCHIP TECHNOLOGY INC. COM 547,515 688,200
MICROSOFT CORP COM (FUND P) 388,861 1,707,075
SEAGATE TECHNOLOGY HLDNGS PLC 206,653 604,170
AGNICO EAGLE MINES LTD COM (FU 497,485 586,575
CORTEVA INC COM (FUND P) 316,454 455,680
DOW INC COM (FUND P) 63,657 63,526
DUPONT DE NEMOURS INC COM (FUN 97,150 120,704
FRANCO NEV CORP COM (FUND P) 60,542 117,590
NEWMONT CORP COM (FUND P) 475,178 340,340
REALTY INCOME CORP COM (FUND P 235,958 240,345
AMERICAN ELEC PWR CO INC COM ( 119,572 267,467
BLACK HILLS CORP COM (FUND P) 97,115 175,560
DUKE ENERGY CORP NEW COM NEW ( 171,540 583,197
DIREXION SHS ETF TR NAS100 EQL 247,898 296,241
INVESCO QQQ TR UNIT SER 1 (FUN 251,307 408,984
ISHARES TR ISHARES BIOTECH (FU 269,182 345,068
SPDR SER TR S&P BIOTECH (FUND 329,559 333,222
MATTHEWS ASIA FDS ASIA DV FD I 814,982 715,903
WELLTOWER INC COM (FUND P) 82,530 189,045
COCA COLA CONS INC COM (FUND M 150,520 176,399
DIGITAL RLTY TR INC COM (FUND 203,596 233,544
NEXTERA ENERGY INC COM (FUND M 198,926 177,935
NVIDIA CORPORATION COM (FUND M 259,161 316,656
NOVO-NORDISK A S ADR (FUND M) 199,205 138,836
VEOLIA ENVIRONNEMENT SPONSORED 149,612 127,772

TY 2024 OtherAssetsSchedule
Name:
THE FLETCHER FOUNDATION
EIN:
04-6470890
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
CANAL DISTRICT PARTNERS LLC (F   135,295 400,000
ENTERPRISE PRODUCTS PARTNERS L   86,701 685,772
ENTERPRISE PRODUCTS PARTNERS L   -172,871 593,630
CAMBRIDGE SEMANTICS INC (FUND   0 0
CAMBRIDGE SEMANTICS INC SER C   0 0
CHURCHSIDE LLC (FUND P)   -99,536 412,000
LTO INVESTMENT LLC (FUND P)   0 0
LTO INVESTMENT LLC (FUND P)   0 0
MERCANTILE CAPITAL LLC (FUND P   29,107 618,000
MERCANTILE CAPITAL TWO LLC (FU   2,934 206,000
ALLIANCE BERNSTEIN HOLDING LP   303,971 459,250
ALLIANCE RESOURCES PARTNERS LT   407,667 495,250
ENERGY TRANSFER LP (FUND M)   188,832 942,377
ENERGY TRANSFER LP (FUND P)   -30,444 971,664


TY 2024 OtherDecreasesSchedule
Name:
THE FLETCHER FOUNDATION
EIN:
04-6470890
Description Amount
COST BASIS ADJUSTMENTS 341,174


TY 2024 OtherExpensesSchedule
Name:
THE FLETCHER FOUNDATION
EIN:
04-6470890
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 1,111 1,111   0
MA PC FILING FEES 500 0   500
K1 EXPENSES 6,912 6,912   0
ROYALTY EXPENSES   0   0
NON-DEDUCTIBLE EXPENSES 5,762 0   0
BLACKBAUD ANNUAL RENEWAL 2,096 0   2,096
K-1 DEPLETION   0   0
INVESTMENT INTEREST 930 930   0


TY 2024 OtherIncomeSchedule2
Name:
THE FLETCHER FOUNDATION
EIN:
04-6470890
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
RENTAL INCOME K'1S MLP -282 0  
BUSINESS INCOME 100,607 0  
ROYALTY INCOME FUND P   0  
OTHER INCOME 246 0  
RENTAL INCOME - PARTNERSHIPS   0  
STATE TAX REFUND   0  


TY 2024 OtherProfessionalFeesSchedule
Name:
THE FLETCHER FOUNDATION
EIN:
04-6470890
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CUSTODIAN & MANAGEMENT FEES (A 6,000 6,000    


TY 2024 TaxesSchedule
Name:
THE FLETCHER FOUNDATION
EIN:
04-6470890
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 33,598 33,598   0
FEDERAL TAX PAYMENT - PRIOR YE 77,000 0   0
FEDERAL ESTIMATES - PRINCIPAL 18,772 0   0
FOREIGN TAXES ON QUALIFIED FOR 8,127 8,127   0
FOREIGN TAXES ON NONQUALIFIED 1,878 1,878   0