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 CHARLESMEAD FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)10 MEMORIAL BOULEVARD SUITE 1003
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PROVIDENCE, RI02903
A Employer identification number

52-1550204
B Telephone number (see instructions)

(401) 262-4600
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$27,383,316J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 909,884 901,117  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,334,060
b Gross sales price for all assets on line 6a 2,170,446
7 Capital gain net income (from Part IV, line 2)... 1,334,060
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
628,928 592,669  
12 Total. Add lines 1 through 11........ 2,872,872 2,827,846  
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
5,010 2,505   2,505
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
22,517 11,259   11,258
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
250,000 125,000   125,000
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
22,084 4,584   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
344,204 306,968   1,754
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 643,815 450,316   140,517
25 Contributions, gifts, grants paid....... 1,405,000 1,405,000
26 Total expenses and disbursements. Add lines 24 and 25 2,048,815 450,316   1,545,517
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 824,057
b Net investment income (if negative, enter -0-) 2,377,530
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 -2
2 Savings and temporary cash investments......... 1,339,222 1,589,155 1,589,155
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)      
b Investments—corporate stock (attach schedule)....... 2,809,954 Click to see attachment
List of Attached Documents:
// Content
5,328,776 		6,030,982
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 14,568,365 Click to see attachment
List of Attached Documents:
// Content
14,351,925 		18,509,242
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
469,160 		Click to see attachment
List of Attached Documents:
// Content
1,253,939 		Click to see attachment
List of Attached Documents:
// Content
1,253,939
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 19,186,701 22,523,793 27,383,316
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 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........ 26,488 26,488
27 Paid-in or capital surplus, or land, bldg., and equipment fund 8,335,012 9,258,407
28 Retained earnings, accumulated income, endowment, or other funds 10,825,201 13,238,898
29 Total net assets or fund balances (see instructions)..... 19,186,701 22,523,793
30 Total liabilities and net assets/fund balances (see instructions). 19,186,701 22,523,793
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
19,186,701
2
Enter amount from Part I, line 27a .....................
2
824,057
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
2,513,035
4
Add lines 1, 2, and 3 ..........................
4
22,523,793
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
22,523,793
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 03-AKO EUROPEAN LONG-ONLY PRTNRS P    
b 03-AKO EUROPEAN LONG-ONLY PRTNRS P    
c 05-BAIN CAPITAL FUND XII P    
d 05-BAIN CAPITAL FUND XII P    
e 07-CHARLESBANK EQUITY FUND XI P    
07-CHARLESBANK EQUITY FUND XI P    
08-CB OP AGGREGATOR I, LP P    
14-CORMORANT PRIVATE HC FUND II P    
14-CORMORANT PRIVATE HC FUND II P    
18-HARVEST MLP INCOME FUND II LLC P    
18-HARVEST MLP INCOME FUND II LLC P    
19-INDUSTRY VENTURES PRTSHP HOLDINGS V P    
19-INDUSTRY VENTURES PRTSHP HOLDINGS V P    
21-PARTHENON INVESTORS VI P    
24-ML BERKSHIRE INVESTORS P    
25-ML COPLEY ASIA II INVESTORS P    
26-ML COPLEY ASIA III INVESTORS P    
26-ML COPLEY ASIA III INVESTORS P    
27-ML CB VIII INVESTORS P    
27-ML CB VIII INVESTORS P    
28-ML COPLEY X INVESTORS P    
28-ML COPLEY X INVESTORS P    
29-ML COPLEY XI INVESTORS P    
31-ML NAUTIC VI INVESTORS P    
32-ML NAUTIC VII INVESTORS P    
33-ML NAUTIC VIII INVESTORS P    
45-AURORA EQUITY PARTNERS VI-A P    
46-CB OP AGGREGATOR V-B, LP P    
49-PROVIDENCE STRATEGIC GROWTH EUROPE LP P    
49-PROVIDENCE STRATEGIC GROWTH EUROPE LP P    
55-PRIVATE EQUITY VIII - BUYOUTS LP P    
55-PRIVATE EQUITY VIII - BUYOUTS LP P    
56-PRIVATE EQUITY VIII - VENTURE/GROWTH LP P    
56-PRIVATE EQUITY VIII - VENTURE/GROWTH LP P    
58-BAIN CAPITAL JMM CTB INVESTORS P    
FIDELITY CONSERV INC BND (JPM 4000) P    
FIDELITY CONSERV INC BND (JPM 4000) P    
FPA NEW INCOME INC-A (JPM 4000) P    
FPA NEW INCOME INC-A (JPM 4000) P    
ISHARES RUSSELL 2000 ETF (UBS 1907) P    
ISHARES US RE ETF (UBS 1907) P    
TROWE PR INTEG US SM-CAP (UBS 1907) P    
TROWE PR INTEG US SM-CAP (UBS 1907) P    
TROWE PR INTEG US SM-CAP (UBS 1907) P    
VANGUARD S&P500 VALUE ETF (UBS 1907) P    
04-BAIN CAPITAL ASIA FD IV P    
36-CORMORANT PRVT HC FD III P    
13-CB AGGR FD V-DISTR IN EXCESS P    
24-ML BERKSHR-DISTR IN EXCESS P    
RECLASS UBTI GAINS P    
RECLASS UBTI GAINS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       -1,578
b       -13,252
c       5,297
d       168,562
e       34,914
      -6,672
      -10,783
      1
      34,384
      15,004
      191,714
      -18
      1,559
      260
      16
      20,524
      -10,283
      -122
      133
      5,481
      -1
      -1,634
      35
      -33,389
      -1,812
      14,757
      250
      722
      43
      46,840
      1,347
      -33
      56
      587
      41,021
239,622   237,954 1,668
12,223   12,179 44
10,077   9,888 189
224,520   226,296 -1,776
227,332   74,831 152,501
596,294   583,338 12,956
7,200   6,812 388
32,119   29,820 2,299
977   866 111
820,082   475,548 344,534
      269,759
      29,272
      17,446
      739
      -3,936
      3,936
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -1,578
b       -13,252
c       5,297
d       168,562
e       34,914
      -6,672
      -10,783
      1
      34,384
      15,004
      191,714
      -18
      1,559
      260
      16
      20,524
      -10,283
      -122
      133
      5,481
      -1
      -1,634
      35
      -33,389
      -1,812
      14,757
      250
      722
      43
      46,840
      1,347
      -33
      56
      587
      41,021
      1,668
      44
      189
      -1,776
      152,501
      12,956
      388
      2,299
      111
      344,534
      269,759
      29,272
      17,446
      739
      -3,936
      3,936
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 1,334,060
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 33,048
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 33,048
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 33,048
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 20,200
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 25,000
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 45,200
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 54
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 12,098
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow12,098 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 arrowDE
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 arrowN/A
14
The books are in care ofright arrowSCS FINANCIAL SERVICES Telephone no.right arrow (401) 262-4600

Located atright arrow10 MEMORIAL BLVDPROVIDENCERI ZIP+4right arrow02903
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
KATHRYN DEERING PRESIDENT
2.00 		0 0 0
7765 FISHER ISLAND DRIVE
FISHER ISLAND,FL33109
JOHN WARREN TRUSTEE
1.00 		0 0 0
2106 SOUTH ROAD
BALTIMORE,MD21209
MARON DEERING TRUSTEE
1.00 		0 0 0
4042 WAVERLY STREET
PHILADELPHIA,PA19146
SPENCER DEERING TRUSTEE
1.00 		0 0 0
2100 PARK AVE 507
MIAMI BEACH,FL33139
HATHER CROSBY TRUSTEE
2.00 		0 0 0
293 RUMSTICK ROAD
BARRINGTON,RI02806
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
SCS CAPITAL INVESTMENT ADVISOR, ADMIN SERVICES INCL CHAR GRANTS 250,000
10 MEMORIAL BOULEVARD SUITE 1003
PROVIDENCE,RI02903
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
25,066,894
b
Average of monthly cash balances.......................
1b
1,464,189
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
26,531,083
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
26,531,083
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
397,966
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
26,133,117
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,306,656
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
1,306,656
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
33,048
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
572
c
Add lines 2a and 2b............................
2c
33,620
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,273,036
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
1,273,036
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
1,273,036
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
1,545,517
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
1,545,517
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 1,273,036
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...... 1,844,592
b From 2020...... 1,759,076
c From 2021...... 93,917
d From 2022...... 49,896
e From 2023...... 22,658
f Total of lines 3a through e ........ 3,770,139
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,545,517
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..... 1,273,036
e Remaining amount distributed out of corpus 272,481
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 4,042,620
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) ... 		1,844,592
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		2,198,028
10 Analysis of line 9:
a Excess from 2020.... 1,759,076
b Excess from 2021.... 93,917
c Excess from 2022.... 49,896
d Excess from 2023.... 22,658
e Excess from 2024.... 272,481
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).)
KATHRYN DEERING
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.
KATHRYN DEERING
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

ASHLEY ADDICTION TREATMENT

800 TYDINGS LN
HAVRE DE GRACE,MD21078 		  PC NEW RESEARCH CENTER ON CAMPUS 100,000

ATTIC YOUTH CENTER

255 SOUTH 16TH STREET
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT 22,000

BALTIMORE MUSEUM OF ART

10 ART MUSEUM DR
BALTIMORE,MD21218 		  PC GENERAL SUPPORT 1,000

BALTIMORE SCHOOL FOR THE ARTS

712 CATHEDRAL STREET
BALTIMORE,MD21201 		  PC GENERAL SUPPORT 5,000

BALTIMORE SYMPHONY ORCHESTRA

1212 CATHEDRAL STREET
BALTIMORE,MD21201 		  PC GENERAL SUPPORT 2,000

BARRINGTON PUBLIC LIBRARY

281 COUNTY RD
BARRINGTON,RI02806 		  PC GENERAL SUPPORT 2,250

BASS MUSEUM OF ARTS

2100 COLLINS AVE
MIAMI BEACH,FL33139 		  PC GENERAL SUPPORT 5,000

BAYSIDE FAMLY YMCA

70 WEST STREET
BARRINGTON,RI02806 		  PC GENERAL SUPPORT 7,000

BROWN MEMORIAL TUTORIAL PROGRAM

1316 PARK AVE
BALTIMORE,MD21217 		  PC GENERAL SUPPORT 1,000

COLLEGEBOUND FOUNDATION

2507 N HOWARD ST STE 200
BALTIMORE,MD21218 		  PC CAPITAL CAMPAIGN AND COLLEGE COMPLETION PROGRAM 125,000

COMMUNITY LEGAL SERVICES PHILADELPHIA

1424 CHESTNUT STREET
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT 20,000

CROSSROADS RHODE ISLAND

160 BROAD STREET
PROVIDENCE,RI02903 		  PC GENERAL SUPPORT 10,000

DREAM PROGRAM

87 ELM STREET
WINOOSKI,VT05404 		  PC GENERAL SUPPORT 25,000

EDUCATION & HOPE

9 MOTT AVE
NORWALK,CT06856 		  PC GENERAL SUPPORT 1,000

EVERGLADES FOUNDATION

18001 OLD CUTLER RD 625
PALMETTO BAY,FL33157 		  PC AUDIENCE 50,000

FRIENDS SCHOOL OF BALTIMORE

5114 N CHARLES STREET
BALTIMORE,MD21210 		  PC ALUMNI PATIO-DEERING FIELD 10,000

GREEN STREET ACADEMY

125 NORTH HILTON STREET
BALTIMORE,MD21229 		  PC GENERAL SUPPORT 1,000

LOTUS HOUSE

217 NW 15TH ST
MIAMI,FL33136 		  PC GENERAL SUPPORT 75,000

MIAMI BEACH BOTANICAL GARDEN

2000 CONVENTION CENTER DR
MIAMI BEACH,FL33139 		  PC GENERAL SUPPORT 10,000

MIAMI BEACH BOTANICAL GARDEN

2000 CONVENTION CENTER DR
MIAMI BEACH,FL33139 		  PC EDU PROGRAMS AND NEW SENIOR EDU MANAGER 50,000

MIAMI RESCUE MISSION (THE CARING PLACE)

3553 NW 50TH STREET
MIAMI,FL33142 		  PC GENERAL SUPPORT 15,000

MIAMI WATERKEEPER

2103 CORAL WAY 2ND FLOOR
CORAL GABLES,FL33114 		  PC GENERAL SUPPORT 5,000

PUBLIC INTEREST LAW CENTER

1500 JOHN F KENNEDY BLVD 802
PHILADELPHIA,PA19102 		  PC GENERAL SUPPORT 20,000

QUINTESSENCE THEATRE

7137 GERMANTOWN AVE
PHILADELPHIA,PA19119 		  PC GENERAL SUPPORT 5,000

REBUILD METRO

1129 N CAROLINE ST
BALTIMORE,MD21213 		  PC OPERATING SUPPORT TO RESTRUCTURE AND HIRE ADD SUPPORT 300,000

REBUILD METRO

1129 N CAROLINE ST
BALTIMORE,MD21213 		  PC E. BALTIMORE REDEVELOPMENT 300,000

REBUILD METRO

1129 N CAROLINE ST
BALTIMORE,MD21213 		  PC GENERAL SUPPORT 75,000

SEED SCHOOL OF MARYLAND

200 FONT HILL AVE
BALTIMORE,MD21223 		  PC GENERAL SUPPORT 1,000

SHRIVER HALL CONCERT

3400 NORTH CHARLES STREET HALL
BALTIMORE,MD21218 		  PC GENERAL SUPPORT 9,000

ST BENEDICT'S PREPARATORY SCHOOL

520 DR MARTIN LUTHER KING JR BLVD
NEWARK,NJ07102 		  PC SUPPORT COLLEGE GUIDANCE DEPT WITH SENIOR COLLEGE APPLICATIONS 25,000

ST BENEDICT'S PREPARATORY SCHOOL

520 DR MARTIN LUTHER KING JR BLVD
NEWARK,NJ07102 		  PC SCHOLARSHIP FUND 50,000

TAP-IN BARRINGTON

281 COUNTY RD
BALTIMORE,MD22806 		  PC GENERAL SUPPORT 4,750

UNC ARTS & SCIENCES FDN

523 EAST FRANKLIN STREET
CHAPEL HILL,NC27514 		  PC GENERAL SUPPORT 50,000

UNC CHAPEL HILL (NCHOF INC)

PO BOX 4100
CHAPEL HILL,NC27515 		  PC GENERAL SUPPORT 15,000

UNIVERSITY OF GEORGIA LAW SCHOOL

225 HERTY DRIVE
ATHENS,GA30602 		  PC GENERAL SUPPORT 8,000
Total .................................right arrow 3a 1,405,000
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 ........... 		         
4 Dividends and interest from securities .... 901101 8,767 14 901,117  
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 ..... 901101 36,259 14 592,669  
8 Gain or (loss) from sales of assets other than
inventory ............ 		901101 3,936 18 1,330,124  
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) .. 48,962 2,823,910 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,872,872
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

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


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


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 AccountingFeesSchedule
Name:
THE CHARLESMEAD FOUNDATION
EIN:
52-1550204
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
RETURN PREPARATION AND TAX COMPLIANCE 22,517 11,259   11,258

TY 2024 GeneralExplanationAttachment
Name:
THE CHARLESMEAD FOUNDATION
EIN:
52-1550204
Identifier Return Reference Explanation
MANAGEMENT SERVICES COMPANY 990PF PART VII-B QUESTION 1A(4) SCS CAPITAL IS THE FOUNDATION'S INVESTMENT ADVISOR AND PROVIDES ALL THE NECESSARY ADMINISTRATIVE SERVICES FOR MANAGING ITS INVESTMENTS AND MAINTAINING NECESSARY RECORDS, INCLUDING COMMUNICATIONS, WITH RECIPIENTS OF CHARITABLE GRANTS. TOTAL FEES PAID TO SCS CAPITAL IN 2024 WERE $250,000. THIS FEE IS NEGOTIATED WITH THE DIRECTORS. SCS CAPITAL IS A FAMILY OFFICE MANAGEMENT SERVICES COMPANY AND SERVES AS INVESTMENT ADVISOR AND PROVIDES ADMINISTRATIVE SERVICES FOR A NUMBER OF CLIENTS INCLUDING THE ROUSE COMPANY FOUNDATION. SCS CAPITAL IS OWNED BY HEATHER D. CROSBY WHO SERVES AS SECRETARY OF THE FOUNDATION. SHE IS NOT PAID SEPARATELY FOR HER POSITION AS SECRETARY. MOST OF THE SERVICES ARE PERFORMED BY EMPLOYEES OF SCS OTHER THAN HEATHER CROSBY. THESE SERVICES ARE OTHER THAN THOSE NORMALLY PERFORMED BY OFFICERS OR DIRECTORS/TRUSTEES. THEREFORE, THE OUTSIDE TAX PREPARER ADVISED THE FOUNDATION TO REPORT THE FEE ON PAGE 1, LINE 16C RATHER THAN REPORTING ON LINE 13.

TY 2024 InvestmentsCorpStockSchedule
Name:
THE CHARLESMEAD FOUNDATION
EIN:
52-1550204
Name of Stock End of Year Book Value End of Year Fair Market Value
CORPORATE STOCK 5,328,776 6,030,982

TY 2024 InvestmentsOtherSchedule2
Name:
THE CHARLESMEAD FOUNDATION
EIN:
52-1550204
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
03-AKO EUROPEAN LONG-ONLY PARTNERS AT COST 1,281,264 1,354,509
04-BAIN CAPITAL ASIA FUND IV AT COST 676,187 562,133
05-BAIN CAPITAL FUND XII, LP AT COST 349,290 651,631
06-CANYON SUMMITS AT COST 107,772 150,000
07-CHARLESBANK EQUITY FUND IX, LP AT COST 258,367 676,465
08-CB OP AGGREGATOR I, LP AT COST 1,775 4,066
09-CB OP AGGREGATOR II, LP AT COST 1,142 2,616
10-CB OP AGGREGATOR II-B, LP AT COST 383 877
11-CB OP AGGREGATOR III AT COST 3,237 7,416
14-CORMORANT PRIVATE HEALTHCARE FUND II, LP AT COST 157,563 228,669
15-CRESCENT DINER HOLDINGS LTD. AT COST 165,909 337,934
16-CVP TOWSON ROW AT COST 51,177 51,554
17-ENCAP ENERGY CAPITAL FUND XI-C, LP AT COST 1,090,173 1,278,899
18HARVEST MLP INCOME FUND II, LLC AT COST 2,005,996 2,320,420
19-INDUSTRY VENTURES PARTNERSHIP HOLDINGS V, LP AT COST 430,060 786,096
20-KNIGHTHEAD DISTRESSED AT COST 668,569 668,569
21-PARTHENON INVESTORS VI PARALLEL AT COST 249,362 447,783
22-RIDGEWOOD ENERGY OIL & GAS IV AT COST 444,388 716,332
23-AWD CAVES INVESTORS, LLC AT COST 54,382 5,155
24-MATHEYS LANE BERKSHIRE INVESTORS LLC AT COST 0 71,790
25-MATHEYS LANE COPLEY ASIA II INVESTORS, LLC AT COST 125,799 123,153
26-MATHEYS LANE COPLEY ASIA III INVESTORS, LLC AT COST 215,597 478,057
27-MATHEYS LANE CB VIII INVESTORS LLC AT COST 137,494 180,886
28-MATHEYS LANE COPLEY X INVESTORS LLC AT COST 697,736 258,585
29-MATHEYS LANE COPLEY XI INVESTORS, LLC AT COST 93,516 121,917
30-MATHEYS LANE K VIII INVESTORS, LLC AT COST 6,075 4,066
31-MATHEYS LANE NAUTIC VI INVESTORS LLC AT COST 4,696 554
32-MATHEYS LANE NAUTIC VII INVESTORS AT COST 107,511 406,820
33-MATHEYS LANE NAUTIC VIII INVESTORS LLC AT COST 199,557 300,694
36-CORMORANT PRIVATE HC FUND III AT COST 485,789 480,534
38-CB OFFSHORE CRED OPP FUND II AT COST 472,947 493,894
40-CORMORANT GLOBAL HEALTHCARE OFFS AT COST 500,000 699,000
41-DURABLE CAPITAL OFFSHORE FUND AT COST 750,000 1,237,004
43-SARISSA CAPITAL OFFSHORE FUND AT COST 594,638 591,950
45-AURORA EQUITY PARTNERS VI-A AT COST 354,224 555,148
46-CB OP AGGREGATOR V-B AT COST 4 9
47-CB OP AGGREGATOR VII AT COST 37,736 86,448
48-CB OP AGGREGATOR VI AT COST 8,109 18,577
49-PROVIDENCE STRATEGIC GROWTH EUROPE LP AT COST 422,583 565,253
51-CORMORANT PRIVATE HEALTHCARE IV AT COST 203,408 203,408
52-CROSSPOINT CAPITAL FUND I AT COST 291,916 460,867
53-KNIGHTHEAD INSURANCE FUND I AT COST 248,663 350,069
54-NAUTIC PARTNERS X AT COST 120,276 170,470
55-PRIVATE EQUITY VIII - BUYOUTS AT COST 127,782 175,113
56-PRIVATE EQUITY VIII - VENTURE GROWTH AT COST 96,852 126,504
58-BAIN CAPITAL JAPAN MIDDLE MARKET FUND LP AT COST 52,021 76,520
59-INDUSTRY VENTURES PARTNERSHIP HOLDINGS VII, LP AT COST 0 20,828

TY 2024 LegalFeesSchedule
Name:
THE CHARLESMEAD FOUNDATION
EIN:
52-1550204
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GENERAL GOVERNANCE AND COUNSEL 5,010 2,505   2,505


TY 2024 OtherAssetsSchedule
Name:
THE CHARLESMEAD FOUNDATION
EIN:
52-1550204
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PROGRAM RELATED LOANS 447,769 1,253,939 1,253,939
ACCRUED DIVIDEND REC 21,391 0 0


TY 2024 OtherExpensesSchedule
Name:
THE CHARLESMEAD FOUNDATION
EIN:
52-1550204
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
DUES & SUBSCRIPTIONS 271 0   271
INSURANCE 2,827 1,414   1,413
INVESTMENT EXPS FROM PARTNERSHIPS 341,106 305,554   70


TY 2024 OtherIncomeSchedule2
Name:
THE CHARLESMEAD FOUNDATION
EIN:
52-1550204
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
03-AKO EUROPEAN LONG-ONLY PRTNRS 102,789 102,789 102,789
05-BAIN CAPITAL FUND XII, LP 657 657 657
06-CANYON SUMMITS LLC -5,003 -5,003 -5,003
07-CHARLESBANK EQUITY FUND IX, LP 500 500 500
07-CHARLESBANK EQUITY FUND IX, LP 27,332 0 27,332
08-CB AGGREGATOR I, LP 33 33 33
09-CB AGGREGATOR II, LP -223 0 -223
11-CB OP AGGREGATOR III, LP 15 0 15
13-CB OP AGGREGATOR V, LP 1,048 0 1,048
14-CORMORANT PRIVATE HC FUND II -3 -3 -3
16-CVP TOWSON ROW -213 -213 -213
18-HARVEST MLP INCOME FUND II LLC 337,974 337,974 337,974
19-INDUSTRY VENTURES PRTNSHP V 1,176 1,176 1,176
20-KNIGHTHEAD DISTRESSED 33,156 33,156 33,156
22-RIDGEWOOD ENERGY OIL & GAS IV 7,883 7,883 7,883
22-RIDGEWOOD ENERGY OIL & GAS IV -99,728 0 -99,728
22-RIDGEWOOD ENERGY OIL & GAS IV 109,871 0 109,871
24-ML BERKSHIRE INVESTORS 1,344 1,344 1,344
26-MATHEYS LANE COPLEY ASIA III INVESTORS LLC 2,980 2,980 2,980
27-MATHEYS LANE CB VIII INVESTORS LLC -434 0 -434
27-MATHEYS LANE CB VIII INVESTORS LLC -1,401 -1,401 -1,401
28-MATHEYS LANE COPLEY X INVESTORS LLC 13,522 13,522 13,522
29-MATHEYS LANE COPLEY XI INVESTORS LLC 67 67 67
31-MATHEYS LANE NAUTIC VI INVESTORS LLC 286 286 286
32-MATHEYS LANE NAUTIC VII INVESTORS LLC 11 11 11
33-MATHEYS LANE NAUTIC VIII INVESTORS LLC -44 -44 -44
36-CORMORANT PRVT HC FD III 152 152 152
42-EAGLE POINT CREDIT NON-US LP 96,049 96,049 96,049
48-CB OP AGGREGATOR VI LP 627 0 627
49-PROVIDENCE STRATEGIC GROWTH EUROPE -778 -778 -778
54-NAUTIC PARTNERS X LP 544 0 544
55-PRIVATE EQUITY VIII - BUYOUTS -2,980 0 -2,980
55-PRIVATE EQUITY VIII - BUYOUTS 1,440 1,440 1,440
56-PRIVATE EQUITY VIII - VENTURE GROWTH 92 92 92
56-PRIVATE EQUITY VIII - VENTURE GROWTH 187 0 187


TY 2024 OtherIncreasesSchedule
Name:
THE CHARLESMEAD FOUNDATION
EIN:
52-1550204
Description Amount
TIMING DIFFERENCE-1 788,277
TIMING DIFFERENCE-2 174,393
TIMING DIFFERENCE-3 626,970
ROUSE FOUNDATION TRANSFERS 923,395


TY 2024 OtherProfessionalFeesSchedule
Name:
THE CHARLESMEAD FOUNDATION
EIN:
52-1550204
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT/ADMIN FEES 250,000 125,000   125,000


TY 2024 TaxesSchedule
Name:
THE CHARLESMEAD FOUNDATION
EIN:
52-1550204
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES 17,500 0   0
FOREIGN TAXES 4,584 4,584   0