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 SAAB FAMILY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)579 EAST MERRIMACK STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LOWELL, MA01852
A Employer identification number

27-4392768
B Telephone number (see instructions)

(603) 401-3888
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$18,708,823J 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 253,166 253,166  
4 Dividends and interest from securities... 410,733 410,733  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 451,895
b Gross sales price for all assets on line 6a 7,903,312
7 Capital gain net income (from Part IV, line 2)... 451,895
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
110,534 109,534  
12 Total. Add lines 1 through 11........ 1,226,328 1,225,328  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
21,557 4,311   17,246
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
15,024 15,024   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
130,269 126,048   3,500
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 166,850 145,383   20,746
25 Contributions, gifts, grants paid....... 889,400 889,400
26 Total expenses and disbursements. Add lines 24 and 25 1,056,250 145,383   910,146
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 170,078
b Net investment income (if negative, enter -0-) 1,079,945
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,008,486 590,080 590,080
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 3,970,710 0 0
b Investments—corporate stock (attach schedule)....... 5,917,060 Click to see attachment
List of Attached Documents:
// Content
1,884,358 		1,888,368
c Investments—corporate bonds (attach schedule)....... 986,509 0 0
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).......... 4,189,833 Click to see attachment
List of Attached Documents:
// Content
12,897,308 		16,230,375
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 16,072,598 15,371,746 18,708,823
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) Click to see attachment
List of Attached Documents:
// Content
529,143 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 529,143 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........ 4,000,000 4,000,000
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 11,543,455 11,371,746
29 Total net assets or fund balances (see instructions)..... 15,543,455 15,371,746
30 Total liabilities and net assets/fund balances (see instructions). 16,072,598 15,371,746
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
15,543,455
2
Enter amount from Part I, line 27a .....................
2
170,078
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
107,609
4
Add lines 1, 2, and 3 ..........................
4
15,821,142
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
449,396
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
15,371,746
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 SHORT TERM PUBLICLY TRADED SECURITIES P 2024-01-01 2024-12-31
b CAPITAL GAIN DISTRIBUTION P 2024-01-01 2024-12-31
c LONG TERM PUBLICLY TRADED SECURITIES P 2019-07-01 2024-12-31
d
e
(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 5,087,368   4,737,413 349,955
b 76,334     76,334
c 2,739,610   2,714,004 25,606
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       349,955
b       76,334
c       25,606
d
e
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 2 451,895
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 15,011
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 15,011
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 15,011
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 5,945
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 20,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 25,945
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 10,934
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow10,934 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNH, MA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.SAABFAMILYFOUNDATION.ORG
14
The books are in care ofright arrowELISIA M SAAB Telephone no.right arrow (603) 491-3888

Located atright arrow579 EAST MERRIMACK STREETLOWELLMA ZIP+4right arrow01852
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(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
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
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
ELISIA M SAAB TRUSTEE, CHAIR, TREASURER
1.60 		0 0 0
396 ANDOVER STREET
LOWELL,MA01852
MARK A SAAB TRUSTEE
1.60 		0 0 0
396 ANDOVER STREET
LOWELL,MA01852
ANALISE S BROWN TRUSTEE
1.60 		0 0 0
45 CLARK ROAD
LOWELL,MA01853
TRICIA L ALBERT TRUSTEE
1.60 		0 0 0
29 NORTHWESTERN DRIVE
SALEM,NH03079
ALANA T SAAB TRUSTEE
1.60 		0 0 0
540 6TH AVENUE
NEW YORK,NY10011
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (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
17,779,607
b
Average of monthly cash balances.......................
1b
377,430
c
Fair market value of all other assets (see instructions)................
1c
540,238
d
Total (add lines 1a, b, and c).........................
1d
18,697,275
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
18,697,275
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
280,459
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
18,416,816
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
920,841
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
920,841
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
15,011
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
15,011
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
905,830
4
Recoveries of amounts treated as qualifying distributions................
4
1,000
5
Add lines 3 and 4............................
5
906,830
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
906,830
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
910,146
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
910,146
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 7 906,830
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 820,578
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: right arrow$ 910,146
a Applied to 2023, but not more than line 2a 820,578
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..... 89,568
e Remaining amount distributed out of corpus 0
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 0
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 .......... 		817,262
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 ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
BOARD OF DIRECTORS
27 NORTHWESTERN DRIVE
SALEM,NH03079
(603) 475-6162
GRANT@SAABFAMILYFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
APPLICATION SHOULD INCLUDE INFORMATION ON THE APPLICANT, REASON FOR THE REQUEST FOR A GRANT, AND BUDGET INFORMATION.
cAny submission deadlines:
OCTOBER 15 FOR GRANT APPLICATIONS
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION FOCUSES IN THE AREAS OF FOSTERING EDUCATION, SUPPORTING YOUTH, ELDERLY, DISABLED AND LOW INCOME INDIVIDUALS, ADDRESSING HOUSING AND HOMELESSNESS AND FOSTERING SOCIAL RESPONSIBILITY
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
BOARD OF DIRECTORS
27 NORTHWESTERN DRIVE
SALEM,NH03079
(603) 475-6162
GRANT@SAABFAMILYFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
SCHOLARSHIP APPLICATIONS SHOULD INCLUDE GRADE TRANSCRIPT, STATEMENT DEMONSTRATING FINANCIAL NEED, LATEST TAX RETURN, LIST OF LIABILITIES AND LETTERS OF RECOMMENDATION.
cAny submission deadlines:
MAY 15 FOR SCHOLARSHIP APPLICATIONS
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
THE FOUNDATION FOCUSES IN THE AREAS OF FOSTERING EDUCATION FOR YOUTH WHO MIGHT NOT BE ABLE TO PURSUE CONTINUED EDUCATION WITHOUT FINANCIAL ASSISTANCE.
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

A PLACE TO TURN INC

99 HARTFORD STREET
NATICK,MA01760 		NONE PC GENERAL SUPPORT 10,000

ABLE TO SERVE - NEW ENGLAND INC

16 MIDDLE STREET 801
LOWELL,MA01852 		NONE PC GENERAL SUPPORT 3,000

ACORD FOOD PANTRY

69 WILLOW STREET
HAMILTON,MA01982 		NONE PC GENERAL SUPPORT 2,400

ADOLESCENT CONSULTATION SERVICES INC (ACS)

189 CAMBRIDGE STREET
CAMBRIDGE,MA02141 		NONE PC GENERAL SUPPORT 10,000
ADRIEL JAVIER


119 BAILEY ST
LAWRENCE,MA01843 		NONE I SCHOLARSHIP 3,000

AGASSIZ VILLAGE FOUNDED BY MR & MRS HARRY E BURROUGHS

9 VERNON STREET
FRAMINGHAM,MA01701 		NONE PC GENERAL SUPPORT 25,000
AIDAN FITZPATRICK


176 HUMPHREY STREET
LOWELL,MA01850 		NONE I SCHOLARSHIP 4,000
ALAINA FOSS


21 DAVIS ROAD
TYNGSBORO,MA01879 		NONE I SCHOLARSHIP 3,000

ANCHOR OF HOPE DIAPER BANK

69 SUMMER STREET
HAVERHILL,MA01830 		NONE PC GENERAL SUPPORT 2,500
ANTHONY SANTOS


14 ANNA LOUISE DR
HUDSON,NH03051 		NONE I SCHOLARSHIP 5,000
ASHTON CORREIA


14 CALEDONIA
DRACUT,MA01826 		NONE I SCHOLARSHIP 4,000
AVA CESAR


50 BERRY ROAD
LOWELL,MA01854 		NONE I SCHOLARSHIP 5,000
AVA MACHADO


55 STROMQUIST AVE
LOWELL,MA01852 		NONE I SCHOLARSHIP 3,500
BENJAMIN WEED


5 LONG HILL ROAD
STRATHAM,NH03885 		NONE I SCHOLARSHIP 4,000

BETHANY COMMUNITY SERVICES INC

10 PHOENIX ROW
HAVERHILL,MA01832 		NONE PC GENERAL SUPPORT 5,000

BOYS & GIRLS CLUB OF GREATER LOWELL

657 MIDDLESEX STREET
LOWELL,MA01851 		NONE PC GENERAL SUPPORT 25,000

BOYS & GIRLS CLUB OF SOUHEGAN VALLEY

PO BOX 916
MILFORD,NH03055 		NONE PC GENERAL SUPPORT 7,000
BRANDON VENTURA


50 BELLEVUE STREET APT 3
LAWRENCE,MA01841 		NONE I SCHOLARSHIP 3,000
BROOKE CAVANAUGH


2 BRIDLE PATH WAY
TYNGSBOROUGH,MA01879 		NONE I SCHOLARSHIP 2,000
CAILEY NICKLES


1285 LAWRENCE STREET APT 7
LOWELL,MA01852 		NONE I SCHOLARSHIP 3,000
CAMERON AREIAS


31 BLACKSMITH LANE
TEWKSBURY,MA01876 		NONE I SCHOLARSHIP 4,000
CAROLINE CORREIA


48 HERITAGE HILL ROAD
WINDHAM,NH03087 		NONE I SCHOLARSHIP 4,000

CATIE'S CLOSET INC

28 LOON HILL ROAD
DRACUT,MA01826 		NONE PC GENERAL SUPPORT 25,000
CHANTI CUEVAS


511 RIVERSIDE DRIVE
LAWRENCE,MA01841 		NONE I SCHOLARSHIP 3,000
CHRISTOPHER CUNHA


10 PURCHASE STREET
SALEM,MA01970 		NONE I SCHOLARSHIP 3,000
CIARA PIMENTEL


12 BARTLETT AVENUE
HAVERHILL,MA01830 		NONE I SCHOLARSHIP 3,000
CLAUDIA PORTO


9 HARLEY LANE
SALEM,NH03079 		NONE I SCHOLARSHIP 4,000

COMMUNITIES TOGETHER INC

60 ISLAND STREET 234E
LAWRENCE,MA01840 		NONE PC GENERAL SUPPORT 5,000

COMMUNITY GIVING TREE

572B MAIN STREET
BOXFORD,MA01921 		NONE PC GENERAL SUPPORT 5,000

CRADLES TO CRAYONS

281 NEWTONVILLE AVENUE
NEWTON,MA02460 		NONE PC GENERAL SUPPORT 5,000
DALTON LUCE


133 EMANUEL DRIVE
BOXBOROUGH,MA01719 		NONE I SCHOLARSHIP 4,000
DANIELA ALMEIDA


68 COOLIDGE STREET
TEWKSBURY,MA01876 		NONE I SCHOLARSHIP 3,000
DEREK WILKINSON


75 VILLA ROMA DRIVE
TEWKSBURY,MA01876 		NONE I SCHOLARSHIP 4,000

D'YOUVILLE LIFE & WELLNESS COMMUNITY

981 VARNUM AVENUE ATTN FOUNDATION
LOWELL,MA01854 		NONE PC GENERAL SUPPORT 25,000
ELENI CLERMONT


234 CRAWFORD ST
LOWELL,MA01854 		NONE I SCHOLARSHIP 3,500
EMMA ISIDRO


44 NEWCASTLE ROAD
PEABODY,MA01960 		NONE I SCHOLARSHIP 3,000
ERIN MCCABE


61 VAN GREENBY RD
LOWELL,MA01851 		NONE I SCHOLARSHIP 3,500

ESPERANZA ACADEMY

198 GARDEN STREET
LAWRENCE,MA01840 		NONE PC GENERAL SUPPORT 15,000
ETHAN TRUONG


3 ZACKNEY DRIVE
BILLERICA,MA01821 		NONE I SCHOLARSHIP 4,500
EVAN MENDONCA


70 HAROLD PLACE
TEWKSBURY,MA01876 		NONE I SCHOLARSHIP 3,500
EVELYNN PELLETIER


24 KEATING LN
DRACUT,MA01829 		NONE I SCHOLARSHIP 4,000

FAMILY PROMISE OF GREATER CONCORD

79 CLINTON STREET
CONCORD,NH03301 		NONE PC GENERAL SUPPORT 10,000
FELICIA VITORINO


177 WESTFALL RD
PELHAM,NH03076 		NONE I SCHOLARSHIP 3,500

FOOD FOR CHILDREN INC

PO BOX 4786
MANCHESTER,NH03108 		NONE PC GENERAL SUPPORT 2,000

FRIENDS OF AINE

226 COOLIDGE AVENUE
MANCHESTER,NH03102 		NONE PC GENERAL SUPPORT 5,000
GEORGE AIKEN


27 SMITHSHIRE EST
ANDOVER,MA01810 		NONE I SCHOLARSHIP 3,000

GLOUCESTER MARINE GENOMICS INSTITUTE

417 MAIN STREET
GLOUCESTER,MA01930 		NONE PC GENERAL SUPPORT 15,000
GRACE MATTSEN


185 OLD WESTFORD RD
CHELMSFORD,MA01824 		NONE I SCHOLARSHIP 3,000
HANNAH MATTSEN


185 OLD WESTFORD ROAD
CHELMSFORD,MA01824 		NONE I SCHOLARSHIP 3,000

HILDEBRAND FAMILY SELF-HELP CENTER

614 MASSACHUSETTS AVENUE THIRD
FLOOR
CAMBRIDGE,MA02139 		NONE PC GENERAL SUPPORT 20,000

HOSPICE HELP FOUNDATION

400 LITTLE HARBOR ROAD 1105
PORTSMOUTH,NH03801 		NONE PC GENERAL SUPPORT 5,000
ISAIAH VEIGA


132 OLD PASTURE ROAD
DRACUT,MA01826 		NONE I SCHOLARSHIP 2,000
JACK BUCHANAN


483 ARLINGTON STREET
DRACUT,MA01826 		NONE I SCHOLARSHIP 2,000
JOANIRELYS RODRIGUEZ


10 CUTLER ST
LAWRENCE,MA01843 		NONE I SCHOLARSHIP 3,000
JOHN AIKEN


27 SMITHSHIRE EST
ANDOVER,MA01810 		NONE I SCHOLARSHIP 4,000
JONATHAN PIMENTEL


906 SALEM ROAD
DRACUT,MA01826 		NONE I SCHOLARSHIP 2,000
JOSEPH BUCHANAN


483 ARLINGTON STREET
DRACUT,MA01826 		NONE I SCHOLARSHIP 3,000
JULIA VASCONCELOS


106 VALLEY RD
DRACUT,MA01826 		NONE I SCHOLARSHIP 4,000
JULIAN MASSARI


241 RIVER STREET APT 2
CAMBRIDGE,MA02139 		NONE I SCHOLARSHIP 3,000
JULIANA CHIAPPETTA


2 ALDRICH LANE
WESTFORD,MA01886 		NONE I SCHOLARSHIP 3,000

JUNIOR ACHIEVEMENT OF GREATER BOSTON

90 CITY SQUARE
BOSTON,MA02129 		NONE PC GENERAL SUPPORT 10,000
KATE SANTOS


4 CIDER LANE
DRACUT,MA01826 		NONE I SCHOLARSHIP 5,000

KIDS IN TECH INC (KIT)

660 SUFFOLK STREET SUITE 125
LOWELL,MA01854 		NONE PC GENERAL SUPPORT 5,000
KYLE TRUONG


3 ZACKNEY DRIVE
BILLERICA,MA01821 		NONE I SCHOLARSHIP 2,000
LAGHDARYUS FREDA


43 RIVERVIEW BLVD
METHUEN,MA018442633 		NONE I SCHOLARSHIP 3,000

LAWRENCE GENERAL HOSPITAL

ONE GENERAL STREET
LAWRENCE,MA01841 		NONE PC GENERAL SUPPORT 25,000

LAZARUS HOUSE MINISTRIES

408 HAMPSHIRE STREET
LAWRENCE,MA01841 		NONE PC GENERAL SUPPORT 25,000
LEAH NELSON


17L BRIAN AVENUE
DERRY,NH03038 		NONE I SCHOLARSHIP 2,000
LILY ANGLUIN


101 SURREY LANE
DRACUT,MA01826 		NONE I SCHOLARSHIP 3,000

LOVELANE SPECIAL NEEDS HORSEBACK RIDING PROGRAM

40 BAKER BRIDGE ROAD
LINCOLN,MA01773 		NONE PC GENERAL SUPPORT 7,500

LOWELL COMMUNITY CHARTER PUBLIC SCHOOL

206 JACKSON STREET
LOWELL,MA01852 		NONE PC GENERAL SUPPORT 15,000

LOWELL COMMUNITY HEALTH CENTER INC

161 JACKSON STREET
LOWELL,MA01852 		NONE PC GENERAL SUPPORT 20,000
LOWELL LAWRENCE


92 HOLYROOD AVE
LOWELL,MA01852 		NONE I SCHOLARSHIP 3,000

LOWELL MIDDLESEX ACADEMY CHARTER SCHOOL

67 MIDDLE STREET
LOWELL,MA01852 		NONE PC GENERAL SUPPORT 25,000
LUCAS PORTO


24 LANNAN DRIVE
PELHAM,NH03076 		NONE I SCHOLARSHIP 3,000

LUCY'S LOVE BUS

PO BOX 464
AMESBURY,MA01913 		NONE PC GENERAL SUPPORT 20,000
LYDIA GUGLIUZZA


7 DEER RUN ROAD
HAVERHILL,MA01832 		NONE I SCHOLARSHIP 4,000
MADELINE PRIESTLY


60 THOMAS DRIVE
CHELMSFORD,MA01824 		NONE I SCHOLARSHIP 2,000
MADELYN DOWNING


236 FOREST STREET
METHUEN,MA01844 		NONE I SCHOLARSHIP 3,000

MASSACHUSETTS ADOPTION RESOURCE EXCHANGE INC

19 NEEDHAM STREET 206
NEWTON,MA02461 		NONE PC GENERAL SUPPORT 20,000

MASSACHUSETTS ALLIANCE OF PORTUGUESE SPEAKERS

1046 CAMBRIDGE STREET
CAMBRIDGE,MA02139 		NONE PC GENERAL SUPPORT 15,000

MAYHEW PROGRAM

293 WEST SHORE ROAD
BRISTOL,NH03222 		NONE PC GENERAL SUPPORT 5,000
MEGHAN BOUCHER


18 INDEPENDENCE ROAD
PEPPERELL,MA01463 		NONE I SCHOLARSHIP 4,000

MERRIMACK COLLEGE

315 TURNPIKE ROAD
NORTH ANDOVER,MA01852 		NONE PC GENERAL SUPPORT 25,000

MERRIMACK REPERTORY THEATRE

132 WARREN STREET
LOWELL,MA01852 		NONE PC GENERAL SUPPORT 5,000

MERRIMACK VALLEY DREAM CENTER INC

60 ISLAND STREET SUITE 96
LAWRENCE,MA01840 		NONE PC GENERAL SUPPORT 12,500

MERRIMACK VALLEY FOOD BANK

1703 MIDDLESEX STREET
LOWELL,MA01851 		NONE PC GENERAL SUPPORT 15,000

MERRIMACK VALLEY IMMIGRANT AND EDUCATION CENTER

439 SOUTH UNION STREET BLDG 2
LAWRENCE,MA01843 		NONE PC GENERAL SUPPORT 10,000

MERRIMACK VALLEY YMCA

280 MERRIMACK STREET SUITE 500
LAWRENCE,MA01843 		NONE PC GENERAL SUPPORT 12,000
MIA SOTO


222 HIGH STREET
LAWRENCE,MA01841 		NONE I SCHOLARSHIP 2,000
MIGUEL VASCONCELOS


106 VALLEY RD
DRACUT,MA01826 		NONE I SCHOLARSHIP 3,000
MIKAYLA CAVALEIRO


70 NINA DRIVE
TEWKSBURY,MA01876 		NONE I SCHOLARSHIP 3,500

MINUTEMAN SENIOR SERVICES

1 BURLINGTON WOODS DRIVE SUITE 101
BURLINGTON,MA01803 		NONE PC GENERAL SUPPORT 7,500

MY BREAST CANCER SUPPORT

PO BOX 1576
PORTSMOUTH,NH03802 		NONE PC GENERAL SUPPORT 5,000
MYKAELA CORREIA


14 CALEDONIA AVE
DRACUT,MA01826 		NONE I SCHOLARSHIP 3,000

NASHUA CHILDREN'S HOME

125 AMHERST STREET
NASHUA,NH03064 		NONE PC GENERAL SUPPORT 25,000
NATALIE BARROS


3 WINTERGREEN DRIVE
TYNGSBORO,MA01879 		NONE I SCHOLARSHI 4,000
NATHAN VITORINO


1585 MAMMOTH ROAD
DRACUT,MA01826 		NONE I SCHOLARSHIP 3,000

NOTRE DAME EDUCATION CENTER - LAWRENCE

354 MERRIMACK STREET 210
LAWRENCE,MA01843 		NONE PC GENERAL SUPPORT 15,000
OLIVIA FILOMENO


140 MIDDLE ROAD
BRENTWOOD,NH03833 		NONE I SCHOLARSHIP 5,000
OLIVIA PORTO


24 LANNAN DRIVE
PELHAM,NH03076 		NONE I SCHOLARSHIP 5,000

OPEN TABLE INC

33 MAIN STREET
MAYNARD,MA01754 		NONE PC GENERAL SUPPORT 25,000
OWEN O'BRIEN


6 CHARME RD
BILLERICA,MA01821 		NONE I SCHOLARSHIP 3,000

PROJECT HOME AGAIN

PO BOX 1236
ANDOVER,MA01810 		NONE PC GENERAL SUPPORT 15,000

PROJECT KOMPASS INC

83 MIDDLESEX STREET
NORTH CHELMSFORD,MA01863 		NONE PC GENERAL SUPPORT 15,000

RAISING A READER MASSACHUSETTS (RAR-MA)

53 STATE STREET SUITE 500
BOSTON,MA02109 		NONE PC GENERAL SUPPORT 10,000
RYAN CABRAL


12 SADDLE RD
DRACUT,MA01826 		NONE I SCHOLARSHIP 3,000
RYAN PORTO


9 HARLEY LANE
SALEM,NH03079 		NONE I SCHOLARSHIP 4,000
RYAN TOOMAJANIAN


58 20TH STREET
LOWELL,MA01850 		NONE I SCHOLARSHIP 2,000
SAMSON MAFFETORE


15 EDWARDS AVENUE
WESTFORD,MA01886 		NONE I SCHOLARSHIP 3,000
SARAH PONTBRIANT


12 AXLETREE RD
TYNGSBORO,MA01879 		NONE I SCHOLARSHIP 4,000

SEVEN HILLS NEW HAMPSHIRE

1 VERNEY DRIVE
GREENFIELD,NH03047 		NONE PC GENERAL SUPPORT 10,500
SOPHIA DE MARI


9 COOLIDGE DR
TYNGSBOROUGH,MA01879 		NONE I SCHOLARSHIP 1,500

ST GEORGE ANTIOCHIAN ORTHODOX CHURCH

PO BOX 10
METHUEN,MA01844 		NONE PC GENERAL SUPPORT 10,000
SYDNEY MANCHESTER


6 FILBERT STREET
METHUEN,MA01844 		NONE I SCHOLARSHIP 3,000
TAYLOR MARRERO


14 MOUNT VERNON STREET
HAVERHILL,MA01830 		NONE I SCHOLARSHIP 3,500

THINKGIVE

PO BOX 92
CONCORD,MA01742 		NONE PC GENERAL SUPPORT 10,000
TRISTAN CORREIA


14 CALEDONIA AVE
DRACUT,MA01826 		NONE I SCHOLARSHIP 4,000
WILLIAM WITKOS


133 SESAME STREET
DRACUT,MA01826 		NONE I SCHOLARSHIP 3,000
YERISSEL TAVAREZ


38 EASTBROOK PLACE
METHUEN,MA01844 		NONE I SCHOLARSHIP 3,000
YESSENIA TAVAREZ


38 EASTBROOK PLACE
METHUEN,MA01844 		NONE I SCHOLARSHIP 3,000
YEXI RIVERA


107 MARBLE AVENUE
LAWRENCE,MA01841 		NONE I SCHOLARSHIP 3,000

YOGA IN ACTION

PO BOX 265
GREENLAND,NH03840 		NONE PC GENERAL SUPPORT 5,000
Total .................................right arrow 3a 889,400
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 253,166  
4 Dividends and interest from securities ....     14 410,733  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....     14 110,534  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 451,895  
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 1,226,328 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,226,328
(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
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Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 InvestmentsCorpStockSchedule
Name:
THE SAAB FAMILY FOUNDATION
EIN:
27-4392768
Name of Stock End of Year Book Value End of Year Fair Market Value
MORGAN STANLEY - STOCKS 1,884,358 1,888,368

TY 2024 InvestmentsOtherSchedule2
Name:
THE SAAB FAMILY FOUNDATION
EIN:
27-4392768
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MORGAN STANLEY - EFT AT COST 1,725,860 1,742,977
MORGAN STANLEY - MUTUAL FUNDS FND AT COST 5,044,898 6,523,885
HF MILLENINIUM INTL CL AT COST 611,725 632,367
MOUNTAINGATE CAPITAL FUND II_FF LP AT COST 5,514,825 7,331,146

TY 2024 LegalFeesSchedule
Name:
THE SAAB FAMILY FOUNDATION
EIN:
27-4392768
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 21,557 4,311   17,246


TY 2024 OtherDecreasesSchedule
Name:
THE SAAB FAMILY FOUNDATION
EIN:
27-4392768
Description Amount
BOOK TO TAX TIMING DIFFERENCES 191,396
UNSETTLED FUNDS 100,000
CHECKS WRITTEN IN 2024 AND NOT CLEARED PRIOR TO YEAR END 158,000


TY 2024 OtherExpensesSchedule
Name:
THE SAAB FAMILY FOUNDATION
EIN:
27-4392768
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT FEES & EXP 126,048 126,048   0
SCHOLARSHIP MGMT SYSTEM 3,500 0   3,500
OTHER EXPENSE 721 0   0


TY 2024 OtherIncomeSchedule2
Name:
THE SAAB FAMILY FOUNDATION
EIN:
27-4392768
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME 13,965 13,965 0
MOUNTAINGATE CAP FD II 95,569 95,569 0
GRANT REIMBURSEMENT 1,000 0 0


TY 2024 OtherIncreasesSchedule
Name:
THE SAAB FAMILY FOUNDATION
EIN:
27-4392768
Description Amount
ACCRUAL CASH TIMING 107,609


TY 2024 OtherLiabilitiesSchedule
Name:
THE SAAB FAMILY FOUNDATION
EIN:
27-4392768
Description Beginning of Year - Book Value End of Year - Book Value
OUTSTANDING GRANT, SCHOLARSHIP, AND OTHER PAYMENTS 529,143 0


TY 2024 TaxesSchedule
Name:
THE SAAB FAMILY FOUNDATION
EIN:
27-4392768
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 15,024 15,024   0