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 SHAPIRO FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)197 FIRST AVENUE SUITE 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEEDHAM, MA02494
A Employer identification number

04-3541595
B Telephone number (see instructions)

(818) 610-2900
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$139,084,513J 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 1,049,108 1,049,108  
4 Dividends and interest from securities... 355,141 355,141  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,359,114
b Gross sales price for all assets on line 6a 25,246,710
7 Capital gain net income (from Part IV, line 2)... 4,686,773
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
-740,924 935,875  
12 Total. Add lines 1 through 11........ 7,022,439 7,026,897  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages...... 582,000 46,000   536,000
15 Pension plans, employee benefits....... 101,809 7,411   94,398
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
4,000 0   4,000
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
53,145 10,629   42,516
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
558,465 0   558,465
17 Interest............... 1,076,433 1,076,433   0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
4,885 4,385   500
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 21,825 0   21,825
21 Travel, conferences, and meetings....... 128,667 0   128,667
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
672,007 587,417   84,576
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 3,203,236 1,732,275   1,470,947
25 Contributions, gifts, grants paid....... 5,181,775 5,181,775
26 Total expenses and disbursements. Add lines 24 and 25 8,385,011 1,732,275   6,652,722
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -1,362,572
b Net investment income (if negative, enter -0-) 5,294,622
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......... 893,860 1,237,371 1,237,371
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) 731,892 Click to see attachment
List of Attached Documents:
// Content
2,287,510 		2,287,510
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule)....... 11,078,385 Click to see attachment
List of Attached Documents:
// Content
12,530,362 		12,530,362
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).......... 96,869,949 Click to see attachment
List of Attached Documents:
// Content
97,185,211 		112,528,391
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
15,508,379 		Click to see attachment
List of Attached Documents:
// Content
10,500,879 		Click to see attachment
List of Attached Documents:
// Content
10,500,879
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 125,082,465 123,741,333 139,084,513
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
23,346 		Click to see attachment
List of Attached Documents:
// Content
6,914
23 Total liabilities (add lines 17 through 22)......... 23,346 6,914
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 125,059,119 123,734,419
29 Total net assets or fund balances (see instructions)..... 125,059,119 123,734,419
30 Total liabilities and net assets/fund balances (see instructions). 125,082,465 123,741,333
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
125,059,119
2
Enter amount from Part I, line 27a .....................
2
-1,362,572
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
37,872
4
Add lines 1, 2, and 3 ..........................
4
123,734,419
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
123,734,419
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 MORGAN STANLEY #0253     2024-12-31
b MORGAN STANLEY #0253     2024-12-31
c MORGAN STANLEY #0253     2024-12-31
d SHORT TERM CAPITAL GAIN (LOSS) FROM PASSTHROUGH     2024-12-31
e LONG TERM CAPITAL GAIN (LOSS) FROM PASSTHROUGH     2024-12-31
(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 11,857,929   11,850,295 7,634
b 3,365,000   3,364,272 728
c 2,245,000   2,245,000 0
d     959,452 -959,452
e 7,778,781   2,140,918 5,637,863
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       7,634
b       728
c       0
d       -959,452
e       5,637,863
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 4,686,773
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 73,595
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 73,595
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 73,595
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 201,247
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 201,247
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 10 127,652
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow127,652 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
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 arrowWWW.THESHAPIROFOUNDATION.ORG
14
The books are in care ofright arrowTHE ORGANIZATION Telephone no.right arrow (818) 610-2900

Located atright arrow197 FIRST AVENUE SUITE 300NEEDHAMMA ZIP+4right arrow02494
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
Yes
 
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
 
No
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 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
EDWARD L SHAPIRO TRUSTEE
30.00 		0 0 0
197 FIRST AVENUE SUITE 300
NEEDHAM,MA02494
BARBARA J SHAPIRO TRUSTEE
5.00 		0 0 0
197 FIRST AVENUE SUITE 300
NEEDHAM,MA02494
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
LAWRENCE L TOBIN FDTN DIRECTOR
40.00 		352,000 46,000 0
197 FIRST AVENUE SUITE 300
NEEDHAM,MA02494
KAYLA W ROWE EXECUTIVE ASSISTANT
40.00 		230,000 23,000 0
197 FIRST AVENUE SUITE 300
NEEDHAM,MA02494
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
ALEJANDRO OKRET CONSULTING 243,903
4 HALE CLOSE
LONDON   E4 6SA
UK
SARAH WISEMAN CONSULTING 185,514
5503 LITTLE HARBOUR ROAD
LITTLE HARBOUR,NOVA SCOTIAB25 5C4
CA
AIMEE MITCHELL AND ASSOCIATES CONSULTING 102,670
248 BROOK STREET
REHOBOTH,MA02769
ESMOND & ASSOCIATES INC ACCOUNTING 53,145
23901 CALABASAS RD
CALABASAS,CA91302
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
17,342,793
b
Average of monthly cash balances.......................
1b
6,541,250
c
Fair market value of all other assets (see instructions)................
1c
104,699,590
d
Total (add lines 1a, b, and c).........................
1d
128,583,633
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
128,583,633
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,928,754
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
126,654,879
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
6,332,744
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
6,332,744
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
73,595
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
135,088
c
Add lines 2a and 2b............................
2c
208,683
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
6,124,061
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
6,124,061
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
6,124,061
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
6,652,722
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
6,652,722
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 6,124,061
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...... 919,343
b From 2020...... 1,607,644
c From 2021...... 1,563,627
d From 2022...... 2,765,495
e From 2023...... 6,153,804
f Total of lines 3a through e ........ 13,009,913
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 6,652,722
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..... 6,124,061
e Remaining amount distributed out of corpus 528,661
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 13,538,574
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) ... 		919,343
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		12,619,231
10 Analysis of line 9:
a Excess from 2020.... 1,607,644
b Excess from 2021.... 1,563,627
c Excess from 2022.... 2,765,495
d Excess from 2023.... 6,153,804
e Excess from 2024.... 528,661
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).)
EDWARD L SHAPIRO
BARBARA J SHAPIRO
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
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

2LIFE COMMUNITIES

30 WALLINGFORD ROAD
BRIGHTON,MA02135 		NONE PUBLIC CHARITY EDUCATION 100

ACS ATHENS

RODNEY SQUARE 100 N KING STREET
WILMINGTON,DE19801 		NONE PUBLIC CHARITY EDUCATION 28,000

ADAPTIVE SPORT PARTNERS OF THE NORTH COUNTY

297 MAIN STREET
FRANCONIA,NH03580 		NONE PUBLIC CHARITY DOMESTIC NEED 517

AGAHOZO SHALOM YOUTH VILLAGE

620 8TH AVE 19TH FLOOR
NEW YORK,NY10018 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 83,000

ALIGHT

1325 QUINCY STREET NE SUITE A1
MINNEAPOLIS,MN55413 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 405,429

AMERICAN BRAIN TUMOR ASSOCIATION

ONE WHITEHALL STREET 2ND FLOOR
NEW YORK,NY10014 		NONE PUBLIC CHARITY MEDICAL RESEARCH 100

ANU FOUNDATION USA

1350 AVE OF THE AMERICAS FLOOR 2
SUITE 266
NEW YORK,NY10019 		NONE PUBLIC CHARITY EDUCATION 65,000

BATES COLLEGE

2 ANDREWS RD
LEWISTON,ME04240 		NONE PUBLIC CHARITY EDUCATION 52,750

BEAVER COUNTRY DAY SCHOOL

791 HAMMOND STREET
CHESTNUT HILL,MA02467 		NONE PUBLIC CHARITY EDUCATION 64,400

BECCA SCHMILL FOUNDATION

PO BOX 920045
NEEDHAM,MA02492 		NONE PUBLIC CHARITY DOMESTIC NEED 1,000

BENTLEY UNIVERSITY

175 FOREST STREET
WALTHAM,MA02452 		NONE PUBLIC CHARITY EDUCATION 15,000

BORDER SERVANT CORPS

1701 MISSOURI AVENUE
LAS CRUCES,NM88001 		NONE PUBLIC CHARITY EDUCATION 50,000

BOSTON CHILDREN'S HOSPITAL

300 LONGWOOD AVENUE
BOSTON,MA02115 		NONE PUBLIC CHARITY MEDICAL RESEARCH 2,590

BOSTON MEDICAL CENTER

1 BOSTON MEDICAL CENTER
BOSTON,MA02118 		NONE PUBLIC CHARITY MEDICAL RESEARCH 350,000

BRAVE GENERATION

320 W 76TH ST 1FG
NEW YORK,NY10023 		NONE PUBLIC CHARITY DOMESTIC NEED 30,400

BREAKTHROUGH T1D (FKA JUVENILLE DIABETES RESEARCH FUNDING)

200 VESEY STREET 28TH FLOOR
NEW YORK,NY10281 		NONE PUBLIC CHARITY MEDICAL RESEARCH 5,000

BRIDGE2RWANDA

1818 N TAYLOR ST SUITE B PMB 322
LITTLE ROCK,AR72207 		NONE PUBLIC CHARITY EDUCATION 3,500

CACHE REFUGEE AND IMMIGRANT CONNECTION

1115 N 200 E 130
LOGAN,UT84341 		NONE PUBLIC CHARITY DOMESTIC NEEDS 5,000

DANA FARBER JIMMY FUND PMC

450 BROOKLINE AVENUE
BOSTON,MA02215 		NONE PUBLIC CHARITY MEDICAL RESEARCH 3,000

DC SCORES

1140 CONNECTICUT AVE NW SUITE 1200
WASHINGTON,DC20036 		NONE PUBLIC CHARITY DOMESTIC NEEDS 5,000

DC UNITED FOUNDATION

2400 EAST CAPITOL STREET
WASHINGTON,DC20003 		NONE PUBLIC CHARITY DOMESTIC NEEDS 5,000

DUET

50 MILK STREET
BOSTON,MA02110 		NONE PUBLIC CHARITY DOMESTIC NEEDS 26,107

EDUCATION FOR ALL CHILDREN

104 CONGRESS STREET SUITE 301
PORTSMOUTH,NH03801 		NONE PUBLIC CHARITY EDUCATION 7,500

EMERGENCY ASSISTANCE FOUNDATION

700 S DIXIE HIGHWAY SUITE 107
WEST PALM BEACH,FL33401 		NONE PUBLIC CHARITY DOMESTIC NEEDS 100

EMORY

1599 CLIFTON ROAD
ATLANTA,GA30322 		NONE PUBLIC CHARITY EDUCATION 30,000

EVERY CAMPUS A REFUGE

5800 WEST FRIENDLY AVENUE
GREENSBORO,NC27410 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 2,000

FILMMAKERS COLLABORATIVE

6 EASTMAN PLACE SUITE 202
MELROSE,MA02179 		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000

FOCUSING PHILANTHROPY

1637 16TH STREET
SANTA MONICA,CA90404 		NONE PUBLIC CHARITY DOMESTIC NEEDS 200,000

GLOBAL DEVELOPMENT INCUBATOR

1401 K STREET NORTHWEST
WASHINGTON,DC20005 		NONE PUBLIC CHARITY DOMESTIC NEEDS 137,000

GRAD BAG

18 RICHBELL ROAD
SCARSDALE,NY10583 		NONE PUBLIC CHARITY EDUCATION 500

HIAS

1300 SPRING STREET SUITE 500
SILVER SPRING,MD20910 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 91,936

HOME IS HERE NOLA

3500 CANAL STREET 2ND FLOOR
NEW ORLEANS,LA70119 		NONE PUBLIC CHARITY DOMESTIC NEEDS 100,000

HOPE AND COMFORT

659 HIGHLAND AVE
NEEDHAM,MA02494 		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000

HORIZONS FOR THE HOMELESS CHILDREN

15725 PARTHENIA STREET
NORTH HILLS,CA91343 		NONE PUBLIC CHARITY DOMESTIC NEEDS 303,537

HUMANITARIAN INNOVATION GROUP (HIG)

1325 AVENUE OF THE AMERICAS SUITE
2700
NEW YORK,NY10019 		NONE PUBLIC CHARITY DOMESTIC NEEDS 96,714

HUMANITY RISES

346 CONGRESS STREET UNIT 402
BOATON,MA02210 		NONE PUBLIC CHARITY DOMESTIC NEEDS 60,000

IMMIGRANT FAMILY SERVICES INSTITUTE (IFSI)

1626 BLUE HILL AVE
MATTAPAN,MA02126 		NONE PUBLIC CHARITY DOMESTIC NEEDS 124,000

INSTITUTE FOR COMMUNITY HEALTHLEAH ZALLMAN CENTER

350 MAIN STREET
MALDEN,MA02148 		NONE PUBLIC CHARITY MEDICAL RESEARCH 10,000

INTEGRATED REFUGEE & IMMIGRANT SERVICES

235 NICOLL STREET 2ND FLOOR
NEW HAVEN,CT06511 		NONE PUBLIC CHARITY DOMESTIC NEEDS 5,000

INTERNATIONAL COMMUNITY SCHOOL

2418 WOOD TRAIL LANE
DECATUR,GA30033 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 500

INTERNATIONAL REFUGEE ASSISTANCE PROJECT (IRAP)

ONE BATTERY PARK PLAZA 4TH FLOOR
NEW YORK,NY10004 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 500,000

ISRAAID

9663 SANTA MONICA BOULEVARD BOX 848
BEVERLY HILLS,CA90210 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 125,940

JAPAN ICU FOUNDATION

475 RIVERSIDE DRIVE 439
NEW YORK,NY10115 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 50,000

JEWISH BIG BROTHERS BIG SISTERS

333 NAHANTON STREET
NEWTON,MA02459 		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000

JEWISH FAMILY SERVICE SAN DIEGO

8804 BALBOA AVENUE
SAN DIEGO,CA92123 		NONE PUBLIC CHARITY DOMESTIC NEEDS 18,000

JUSTICE ACTION CENTER

PO BOX 27280
LOS ANGELES,CA90027 		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000

KARAM FOUNDATION

2045 W GRAND AVE STE B
CHICAGO,IL60612 		NONE PUBLIC CHARITY DOMESTIC NEEDS 52,000

KEEPING OUR PROMISE

888 PITTSFORD MENDON CENTER RD
PITTSFORD,NY14534 		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000

LABOR MOBILITY PARTNERSHIPS (LAMP)

712 H STREET NE SUITE 1902
WASHINGTON,DC20002 		NONE PUBLIC CHARITY DOMESTIC NEEDS 200,000

MALENGO INC

8 THE GREEN SUITE 4000 A
DOVER,DE19901 		NONE PUBLIC CHARITY DOMESTIC NEEDS 105,000

MASSACHUSETTS GENERAL HOSPITAL (MGH)

55 FRUIT STREET
BOSTON,MA02114 		NONE PUBLIC CHARITY MEDICAL RESEARCH 2,500

MESSIAH UNITED METHODIST CHURCH (FOR NOVA RAFT)

6215 ROLLING ROAD
SPRINGFIELD,VA22152 		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,000

MIGRATIONPOLICYINSTITUTE

1275 K STREET NW SUITE 800
WASHINGTON,DC20005 		NONE PUBLIC CHARITY DOMESTIC NEEDS 10,358

MILES4MIGRANTS

3629 LAUREL STREET
NEW ORLEANS,LA70115 		NONE PUBLIC CHARITY DOMESTIC NEEDS 39,558

NEW ENGLAND INTERNATIONAL DONORS (NEID)

120 ST JAMES AVE
BOSTON,MA02116 		NONE PUBLIC CHARITY MEDICAL RESEARCH 7,500

ONE MISSION

69 MILK STREET SUITE 308
WESTBOROUGH,MA01581 		NONE PUBLIC CHARITY MEDICAL RESEARCH 275

OUR GENERATION SPEAKS

415 SOUTH STREET MS 035
WALTHAM,MA02453 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 1,313

PATHWAYS INTERNATIONAL US

1100 13TH STREET NW SUITE 800
WASHINGTON,WA20005 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 295,000

PLACES TO THRIVE

248 REHOBOTH
REHOBOTH,MA02769 		NONE PUBLIC CHARITY DOMESTIC NEEDS 32,000

POLITICAL ASYLUM IMMIGRATION REP (PAIR)

98 N WASHINGTON STREET 106
BOSTON,MA02114 		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000

REFUGE COFFEE CO

4170 E PONCE DE LEON AVE NE
CLARKSTON,GA30021 		NONE PUBLIC CHARITY DOMESTIC NEEDS 2,500

REFUGE HOME PROJECT

134 E 40TH STREET
NEW YORK,NY10016 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 136,000

REFUGEE COUNCIL USA (RCUSA)

1628 16TH STREET NW
WASHINGTON,DC20009 		NONE PUBLIC CHARITY DOMESTIC NEEDS 25,000

ROCKEFELLER PHILANTHROPY ADVISORS

6 WEST 48TH STREET 10TH FLOOR
NEW YORK,NY10036 		NONE PUBLIC CHARITY DOMESTIC NEEDS 4,211

SOCIAL FINANCE

10 MILK STREET SUITE 1010
BOSTON,MA02108 		NONE PUBLIC CHARITY DOMESTIC NEEDS 100,000

SOLES4SOULS

319 MARTINGALE DRIVE
OLD HICKORY,TN37138 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 10,000

SOUTHERN NEW HAMPSHIRE UNIVERSITY

2500 N RIVER RD
HOOKSETT,NH03106 		NONE PUBLIC CHARITY EDUCATION 32,330

SQUASHBUSTERS

795 COLUMBUS AVENUE
ROXBURY CROSSING,MA02120 		NONE PUBLIC CHARITY DOMESTIC NEEDS 5,100

TARGET ALS

PO BOX 1598
NEW YORK,NY10101 		NONE PUBLIC CHARITY MEDICAL RESEARCH 2,500

TEACH FOR AMERICA

25 BROADWAY 12TH FLOOR
NEW YORK,NY10004 		NONE PUBLIC CHARITY EDUCATION 10,000

TEAM IMPACT

500 VICTORY BLVD
QUINCY,MA02171 		NONE PUBLIC CHARITY DOMESTIC NEEDS 15,000

TEMPLE BETH ELOHIM

10 BETHEL ROAD
WELLESLEY,MA02481 		NONE PUBLIC CHARITY DOMESTIC NEEDS 78,335

TEREZIN MUSIC FOUNDATION

PO BOX 203206
BOSTON,MA02115 		NONE PUBLIC CHARITY EDUCATION 836

THE CHILDREN'S ROOM

1210 MASSACHUSETTS AVENUE
ARLINGTON,MA02476 		NONE PUBLIC CHARITY DOMESTIC RELIEF 5,000

THE GREATER BOSTON FOOD BANK

70 SOUTH BAY AVENUE
BOSTON,MA02118 		NONE PUBLIC CHARITY DOMESTIC RELIEF 5,000

THE NISKANEN CENTER

820 FIRST STREET NE SUITE 675
WASHINGTON,DC20002 		NONE PUBLIC CHARITY DOMESTIC RELIEF 178,591

THE RASHI SCHOOL

8000 GREAT MEADOW ROAD
DEDHAM,MA02026 		NONE PUBLIC CHARITY EDUCATION 33,072

THRIVE SCHOLARS

160 STATE STREET
BOSTON,MA02109 		NONE PUBLIC CHARITY DOMESTIC RELIEF 20,000

US COMMITTEE FOR REFUGEES AND IMMIGRANTS (USCRI)

2231 CRYSTAL DRIVE SUITE 350
ARLINGTON,VA22202 		NONE PUBLIC CHARITY DOMESTIC RELIEF 80,918

UCLA FOUNDATION - ANDERSON

110 WESTWOOD PLAZA
LOS ANGELES,CA90024 		NONE PUBLIC CHARITY EDUCATION 60,000

UCLA FOUNDATION - CENTER FOR IMMIGRATION LAW & POLICY

PO BOX 7145
PASADENA,CA91109 		NONE PUBLIC CHARITY EDUCATION 25,000

UNIVERSITY OF PENNSYLVANIA- WHARTON

8818 GOODBYS EXECUTIVE DRIVE
JACKSONVILLE,FL32217 		NONE PUBLIC CHARITY EDUCATION 20,000

WELCOMENST

225 CEDAR HILL SUITE 200
MARLBOROUGH,MA01752 		NONE PUBLIC CHARITY INTERNATIONAL RELIEF 10,000

WELCOMING INITIATIVE FOR NEWCOMERS (WIN)

10089 WILLOW CREEK ROAD SUITE
200309
SAN DIEGO,CA92131 		NONE PUBLIC CHARITY DOMESTIC RELIEF 5,000

WORLD LEARNING

1015 15TH STREET NW FLOOR 9
WASHINGTON,DC20005 		NONE PUBLIC CHARITY EDUCATION 363,258
Total .................................right arrow 3a 5,181,775
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 ........... 		900001   14 1,049,108  
4 Dividends and interest from securities .... 900001   14 355,141  
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 ............ 		900001 1,672,341 18 4,686,773  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPASSTHROUGH ORDINARY INCOME 		900001 150,194 01 394,930  
bPASSTHROUGH INCOME (LOSS) 900001 -1,914,042 01 -1,411,294  
cPASSTHROUGH INTEREST INCOME 900001   01 1,452,134  
dPASSTHROUGH DIVIDEND INCOME 900001   01 500,105  
eFEDERAL TAX REFUND 900001   01 9,939  
fMASSACHUSETTS TAX REFUND 900001   01 77,110  
12 Subtotal. Add columns (b), (d), and (e) .. -91,507 7,113,946 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
7,022,439
(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.)
3 NONE
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 SHAPIRO FOUNDATION
EIN:
04-3541595
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING 53,145 10,629   42,516

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Name of Bond End of Year Book Value End of Year Fair Market Value
MS CORPORATE BONDS - ABBVIE INC 846,660 846,660
MS CORPORATE BONDS - AMERICAN EXPRESS CO 752,327 752,327
MS CORPORATE BONDS - WELLS FARGO & CO 734,524 734,524
MS CORPORATE BONDS - TOYOTA MOTOR CREDIT CORP 801,992 801,992
MS CORPORATE BONDS - DOMINION ENERGY INC 834,939 834,939
MS CORPORATE BONDS - EBAY INC 606,371 606,371
MS CORPORATE BONDS - ORACLE CORP 844,849 844,849
MS CORPORATE BONDS - QUALCOMM INC 841,552 841,552
MS CORPORATE BONDS - DUKE ENERGY CORP 827,955 827,955
MS CORPORATE BONDS - JOHN DEERE CAPITAL CORP 550,710 550,710
MS CORPORATE BONDS - RYDER SYSTEM INC 757,296 757,296
MS CORPORATE BONDS - SOUTHERN CO/THE 853,196 853,196
MS CORPORATE BONDS - ELEVANCE HEALTH INC 779,275 779,275
MS CORPORATE BONDS - TRUIST BANK 836,203 836,203
MS CORPORATE BONDS - CITIGROUP INC 810,429 810,429
MS CORPORATE BONDS - JPMORGAN CHASE & CO 852,084 852,084

TY 2024 InvestmentsGovtObligationsSch
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
US Government Securities - End of Year Book Value:

2,287,510
US Government Securities - End of Year Fair Market Value:

2,287,510
State & Local Government Securities - End of Year Book Value:


0
State & Local Government Securities - End of Year Fair Market Value:


0


TY 2024 InvestmentsOtherSchedule2
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BETTOR CAPITAL FUND FMV 3,356,424 4,544,417
BRACEBRIDGE - BIL FUND FMV 11,000,000 10,486,723
CONTINUUM HEALTH VENTURES FMV 450,000 360,671
CRAWFORD CAPITAL PARTNERS LP FMV 5,533,665 5,533,665
DIGITAL FUEL CAPITAL FUND I LP FMV 1,102,041 1,821,358
FL (FORGELIGHT) TVUN III LLC FMV 4,018,399 5,674,764
FLYBRIDGE 2019 LEADERS LP FMV 290,455 314,449
FLYBRIDGE 2022 LP FMV 646,821 696,469
FLYBRIDGE OPPORTUNITIES 2022 FMV 204,963 212,692
FORGELIGHT (UNIVISION) INVESTORS II LLC FMV 2,002,417 2,244,944
GRIFFIN GAMING PARTNERS II LP FMV 621,823 703,396
HILL CITY OFFSHORE FUND FMV 3,000,000 5,162,707
ITHAN CREEK LP FMV 5,000,000 6,985,387
JONES STREET INVESTMENT FUND II FMV 3,382,161 3,382,161
LARP HOLDINGS LLC FMV 12,974,507 17,141,032
LEGACY RIDGE CAPITAL PARTNERS EQUITY FUND I FMV 2,918,179 2,918,179
MS MUTUAL FUNDS - MSILF PRIME PTF INST (MPFXX) FMV 69,660 69,660
NEWPATH PARTNERS III FMV 215,975 237,340
ORVIETO FUND I LP FMV 7,736,824 8,243,784
PAR GROUP II, L.P. FMV 21,199,263 21,199,263
POWERHOUSE CAPITAL I L.P. FMV 512,396 621,735
PRI - SOCIAL FINANCE CT - UP FUND FMV 206,169 160,195
PRI- KIVA REFUGEE INVESTMENT FUND LLC FMV 248,843 283,810
SELVA II LP FMV 223,562 313,656
TIMBERLANE ACQUISITION FUND LLC FMV 2,735,901 4,353,837
BAY POND PARTNERS LP FMV 5,000,000 5,550,521
FIDELITY CREDIT OPPORTUNITIES FUND II LP FMV 1,025,202 1,042,314
FPM FUND 2 LP FMV 267,149 1,026,850
LRE OPPORTUNITY FUND I LP FMV 1,242,412 1,242,412

TY 2024 LegalFeesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 4,000 0   4,000


TY 2024 OtherAssetsSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
INVESTMENT IN FILM PROJECT 104,004 104,004 104,004
PROGRAM RELATED INVESTMENT - WORKAROUND 25,000 25,000 25,000
PROGRAM RELATED INVESTMENT - LOAN RECEIVABLE - KIVA USER FUNDS 100,000 100,000 100,000
PROGRAM RELATED INVESTMENT - CENTER FOR ECONOMIC OPPORTUNITY FUND 274,375 271,875 271,875
DUE FROM PAR GROUP II, L.P. 15,000,000 10,000,000 10,000,000
DUE FROM OTHERS 5,000 0 0


TY 2024 OtherExpensesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DEDUCTIONS RELATED TO PORTFOLIO INCOME FROM PASSTHROUGH 553,470 553,456   0
MEALS 39,239 0   39,239
INSURANCE 1,153 0   1,153
BANK FEES 25 0   25
UTILITIES 4,968 0   4,968
DUES & SUBSCRIPTIONS 589 0   589
OFFICE SUPPLIES 5,692 0   5,692
PARKING 3,888 0   3,888
POSTAGE 7 0   7
OFFICE EXPENSES 29,015 0   29,015
INVESTMENT FEES 33,961 33,961   0


TY 2024 OtherIncomeSchedule2
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
PASSTHROUGH ORDINARY INCOME 545,124 394,930 545,124
PASSTHROUGH INCOME (LOSS) -3,325,336 -1,411,294 -3,325,336
PASSTHROUGH INTEREST INCOME 1,452,134 1,452,134 1,452,134
PASSTHROUGH DIVIDEND INCOME 500,105 500,105 500,105
FEDERAL TAX REFUND 9,939   9,939
MASSACHUSETTS TAX REFUND 77,110   77,110


TY 2024 OtherIncreasesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Description Amount
UNREALIZED CHANGE IN VALUE OF INVESTMENTS 37,872


TY 2024 OtherLiabilitiesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARDS PAYABLE 23,346 6,914


TY 2024 OtherProfessionalFeesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL SERVICES 558,465 0   558,465


TY 2024 TaxesSchedule
Name:
THE SHAPIRO FOUNDATION
EIN:
04-3541595
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MASSACHUSETTS TAXES 500 0   500
FOREIGN TAXES - FROM PASSTHROUGH 4,385 4,385   0