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 JACK SATTER FOUNDATION
C/O HEMENWAY TRUST COMPANY
Number and street (or P.O. box number if mail is not delivered to street address)23 KEEWAYDIN DR SUITE 400
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SALEM, NH03079
A Employer identification number

65-6316190
B Telephone number (see instructions)

(603) 913-8022
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$59,765,204J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 1,419,336 1,419,336  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,209,007
b Gross sales price for all assets on line 6a 16,503,939
7 Capital gain net income (from Part IV, line 2)... 2,209,007
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 3,628,343 3,628,343  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 120,000 0   120,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
11,657 5,829   5,828
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
369,491 168,517   200,974
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
25,395 0   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
241 241   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 526,784 174,587   326,802
25 Contributions, gifts, grants paid....... 7,336,516 7,336,516
26 Total expenses and disbursements. Add lines 24 and 25 7,863,300 174,587   7,663,318
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -4,234,957
b Net investment income (if negative, enter -0-) 3,453,756
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......... 2,549,671 1,370,663 1,370,663
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) 12,585,337 Click to see attachment
List of Attached Documents:
// Content
12,035,912 		11,246,732
b Investments—corporate stock (attach schedule)....... 19,753,848 Click to see attachment
List of Attached Documents:
// Content
19,242,122 		41,311,745
c Investments—corporate bonds (attach schedule)....... 8,016,660 Click to see attachment
List of Attached Documents:
// Content
6,069,905 		5,836,064
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 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 42,905,516 38,718,602 59,765,204
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........ 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 42,905,516 38,718,602
29 Total net assets or fund balances (see instructions)..... 42,905,516 38,718,602
30 Total liabilities and net assets/fund balances (see instructions). 42,905,516 38,718,602
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
42,905,516
2
Enter amount from Part I, line 27a .....................
2
-4,234,957
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
48,043
4
Add lines 1, 2, and 3 ..........................
4
38,718,602
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
38,718,602
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 VARIOUS PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 16,156,841   14,294,932 1,861,909
b 347,098     347,098
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       1,861,909
b       347,098
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,209,007
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 48,007
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 48,007
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 48,007
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 24,080
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 24,080
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 940
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 24,867
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowFL
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 arrowHEMENWAY TRUST COMPANY Telephone no.right arrow (603) 913-8022

Located atright arrow23 KEEWAYDIN DR SUITE 400SALEMNH ZIP+4right arrow03079
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
SAMUEL LEVY TRUSTEE
3.00 		20,000 0 0
12 CRESTWOOD DRIVE
FRAMINGHAM,MA01701
SYLVIA LEVY TRUSTEE
3.00 		20,000 0 0
12 CRESTWOOD DRIVE
FRAMINGHAM,MA01701
ERIC M WOLF TRUSTEE
11.00 		40,000 0 0
3891 TOULOUSE DRIVE
PALM BEACH GARDENS,FL33410
MARY LOU COCCI TRUSTEE
10.00 		40,000 0 0
3891 TOULOUSE DRIVE
PALM BEACH GARDENS,FL33410
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
HEMENWAY & BARNES LLP LEGAL & GRANT MANAGEMENT SERVICES 197,863
75 STATE STREET
BOSTON,MA02109
HEMENWAY TRUST CO LLC INVESTMENT MANAGEMENT SERVICES 33,498
23 KEEWAYDIN DR SUITE 400
SALEM,NH03079
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
61,030,758
b
Average of monthly cash balances.......................
1b
1,743,981
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
62,774,739
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
62,774,739
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
941,621
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
61,833,118
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,091,656
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
3,091,656
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
48,007
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
48,007
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
3,043,649
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
3,043,649
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
3,043,649
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
7,663,318
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
7,663,318
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 3,043,649
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...... 963,964
b From 2020...... 1,742,596
c From 2021...... 2,793,319
d From 2022...... 2,575,389
e From 2023...... 3,797,420
f Total of lines 3a through e ........ 11,872,688
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 7,663,318
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 3,043,649
e Remaining amount distributed out of corpus 4,619,669
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 16,492,357
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) ... 		963,964
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		15,528,393
10 Analysis of line 9:
a Excess from 2020.... 1,742,596
b Excess from 2021.... 2,793,319
c Excess from 2022.... 2,575,389
d Excess from 2023.... 3,797,420
e Excess from 2024.... 4,619,669
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or 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

ACCESSPORTAMERICA INC

119 HIGH STREET
ACTON,MA01720 		  PC THE GAIT TRAINER PROGRAM 30,000

ACCESSPORTAMERICA INC

119 HIGH STREET
ACTON,MA01720 		  PC SUMMER SPORT PROGRAM AT WATCH CITY 30,000

AMERICAN CANCER SOCIETY

3 SPEEN STREET SUITE 250
FRAMINGHAM,MA01701 		  PC IN-HOUSE HOPE LODGE SHUTTLE SERVICE PROGRAM 100,000

AMERICAN FRIENDS OF MAGEN DAVID ADOM

20 W 36TH STREET SUITE 1100
NEW YORK,NY10018 		  PC GENERAL OPERATING SUPPORT 5,000

AMERICAN FRIENDS OF SHALVA ISRAEL INC

441 LEXINGTON AVENUE SUITE 602
NEW YORK,NY10017 		  PC THE SHALVA NATIONAL CRISIS RESPONSE CENTER 10,000

BEACON ACADEMY

814 SOUTH STREET
BOSTON,MA021312429 		  PC ALUMNI AND SUMMER PROGRAMS 100,000

BOSTON MEDICAL CENTER CORPORATION

ONE BOSTON MEDICAL CENTER PLACE
BOSTON,MA02118 		  PC PSYCHOSIS CARE PROGRAM 1,000,000

BOSTON MEDICAL CENTER CORPORATION

ONE BOSTON MEDICAL CENTER PLACE
BOSTON,MA02118 		  PC CANCER PATIENT NAVIGATOR PROGRAM 93,150

BRIGHAM AND WOMEN'S HOSPITAL

263 HUNTINGTON AVENUE 318
BOSTON,MA02115 		  PC GILLIAN RENY STEPPING STRONG CENTER FOR TRAUMA INNOVATION BREAKTHROUGH AWARD ENDOWMENT 600,000

BRIGHAM AND WOMEN'S HOSPITAL

263 HUNTINGTON AVENUE 318
BOSTON,MA02116 		  PC GILLIAN RENY STEPPING STRONG CENTER FOR TRAUMA INNOVATION LEADERSHIP TEAM 200,000

CATIE'S CLOSET

28 LOON HILL ROAD
DRACUT,MA018264617 		  PC PROGRAM EXPANSION WITHIN THE BOSTON PUBLIC SCHOOLS 375,000

CHILDREN'S HOSPITAL CORPORATION

401 PARK DRIVE SUITE 602
BOSTON,MA02115 		  PC CHILD LIFE SERVICES 150,000

CHILDREN'S HOSPITAL CORPORATION

401 PARK DRIVE SUITE 602
BOSTON,MA02115 		  PC EXPANDING THE PIPELINE OF SCHOOL-BASED BEHAVIORAL HEALTH SERVICES 166,666

COTTING SCHOOL INC

453 CONCORD AVENUE
LEXINGTON,MA02421 		  PC PROJECT BRIDGES AND TRANSITION SERVICES 60,000

DANIEL'S TABLE INC

10 PEARL STREET
PARK STREET,MA01702 		  PC OPERATING SUPPORT 5,000

EDVESTORS INC

142 BERKELEY STREET SUITE 410
BOSTON,MA02116 		  PC MATH IS FOR EVERYONE INITIATIVE 100,000

ELS FOR AUTISM

18370 LIMESTONE CREEK ROAD
JUPITER,FL33458 		  PC CHALLENGE GRANT FOR THE RECREATION AND ADULT SERVICES PROGRAMS. THE CHALLENGE GRANT WILL REQUIRE A 1 TO .25 MATCH ANNUALLY 270,500

FRIENDS OF THE CALLAHAN SENIOR CENTER

535 UNION AVENUE
FRAMINGHAM,MA01702 		  PC OPERATING SUPPORT 5,000

FRIENDS OF THE CALLAHAN SENIOR CENTER

535 UNION AVENUE
FRAMINGHAM,MA01702 		  PC GENERAL OPERATING SUPPORT 5,000

HANLEY FOUNDATION

933 45TH STREET
WEST PALM BEACH,FL33407 		  PC CASA FLORES 200,000

HANLEY FOUNDATION

933 45TH STREET
WEST PALM BEACH,FL33401 		  PC RECOVERY SUPPORT FOR FAMILIES AFFECTED BY SUBSTANCE USE DISORDER 100,000

HANLEY FOUNDATION

933 45TH STREET
WEST PALM BEACH,FL33401 		  PC SAFE PRESCRIBING INITIATIVE 250,000

HEBREW SENIORLIFE INC

1200 CENTRE STREET
BOSTON,MA02131 		  PC JEWISH PROGRAMMING AT THE JACK SATTER HOUSE. 25,000

HEBREW SENIORLIFE INC

1200 CENTRE STREET
BOSTON,MA02131 		  PC HEBREW REHABILITATION CENTER'S BRAIN STIMULATION AND HOME-BASED NEUROMODULATION PROGRAM 300,000

HEBREW SENIORLIFE INC

1200 CENTRE STREET
BOSTON,MA02131 		  PC GENERAL OPERATING SUPPORT FOR THE JACK SATTER HOUSE. 100,000

HEBREW SENIORLIFE INC

1200 CENTRE STREET
BOSTON,MA02131 		  PC FBO THE JACK SATTER HOUSE FOR KOSHER DINING 5,000

JEWISH EDUCATION IN MEDIA INC DBA JEWISH BROADCASTING SERVICE

PO BOX 360
STAMFORD,CT06904 		  PC GENERAL OPERATING SUPPORT 5,000

JUPITER MEDICAL CENTER FOUNDATION

1210 SOUTH OLD DIXIE HIGHWAY
JUPITER,FL33458 		  PC ALZHEIMER'S AND DEMENTIA CAREGIVER SUPPORT PROGRAM 200,000

JUPITER MEDICAL CENTER FOUNDATION

1210 SOUTH OLD DIXIE HIGHWAY
JUPITER,FL33458 		  PC MINIMALLY INVASIVE CARDIAC SURGERY PROGRAM 200,000

LITERATIONS

70 FRANKLIN STREET SUITE 500
BOSTON,MA02110 		  PC EXPANSION OF THE INTERGENERATIONAL LITERACY PROGRAM IN FRAMINGHAM PUBLIC SCHOOLS 30,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA STREET SUITE 540
BOSTON,MA02114 		  PC DEMENTIA CARE COLLABORATIVE 350,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA STREET SUITE 540
BOSTON,MA02114 		  PC FOR THE BENEFIT OF THE HOME BASE PROGRAM AT MASSACHUSETTS GENERAL HOSPITAL 5,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA STREET SUITE 540
BOSTON,MA02114 		  PC TO SUPPORT THE CANCER CENTER, IN MEMORY OF MICHAEL SATTER 10,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA STREET SUITE 540
BOSTON,MA02114 		  PC THE MASSGENERAL INSTITUTE FOR NEURODEGENERATIVE DISEASE (MIND) YOUNG INVESTIGATORS PROGRAM 300,000

MIND MUSIC AND MOVEMENT FOUNDATION FOR NEUROLGICAL DISORDERS INC

PO BOX 7128
JUPITER,FL33468 		  PC GENERAL OPERATING SUPPORT 5,000

MINDING YOUR MIND

124 SIBLEY AVENUE
ARDMORE,PA19003 		  PC MENTAL HEALTH EDUCAITON PROGRAMS IN MASSACHUSETTS 250,000

MINDING YOUR MIND

124 SIBLEY AVENUE
ARDMORE,PA19003 		  PC MENTAL HEALTH EDUCATION PROGRAMS IN FLORIDA 150,000

NEADS

PO BOX 1100
PRINCETON,MA01541 		  PC IN SUPPORT OF ALL SERVICE DOGS 125,000

NEW ENGLAND CONSERVATORY OF MUSIC

290 HUNTINGTON AVENUE
BOSTON,MA02115 		  PC HARRIS EDWARD "TEDDY" MALASKY MEMORIAL FUND 10,000

ONE MISSION

PO BOX 495
WESTBOROUGH,MA01581 		  PC GENERAL PROGRAM SUPPORT IN BOSTON 100,000

PALM BEACH CANCER INSTITUTE FOUNDATION INC

3401 PGA BOULEVARD
PALM BEACH GARDENS,FL33410 		  PC SARI CENTER FOR INTEGRATIVE CANCER CARE IN HONOR OF DAVID CHARLOWE 10,000

PEDIATRIC ONCOLOGY SUPPORT TEAM INC

927 45TH STREET SUITE 203
WEST PALM BEACH,FL33407 		  PC GENERAL OPERATING SUPPORT 25,000

QUANTUM HOUSE INC

987 45TH STREET
WEST PALM BEACH,FL33407 		  PC GENERAL OPERATING SUPPORT 50,000

RIVERS SCHOOL CORPORATION

333 WINTER STREET
WESTON,MA02493 		  PC TO ESTABLISH THE SATTER SCHOLARS PROGRAM 50,000

RIVERS SCHOOL CORPORATION

333 WINTER STREET
WESTON,MA02493 		  PC EXISTING AUXILIARY FINANCIAL AID ENDOWMENT 100,000

RIVERS SCHOOL CORPORATION

333 WINTER STREET
WESTON,MA02493 		  PC TO ESTABLISH THE SATTER SCHOLARS PROGRAM 50,000

ROCKLAND PUBLIC SCHOOLS

54 MACKINLAY WAY
ROCKLAND,MA02370 		  PC F/B/O THE ROCKLAND HIGH SCHOOL BASEBALL PROGRAM 5,000

SPAULDING REHABILITATION HOSPITAL

300 FIRST STREET
CHARLESTOWN,MA02129 		  PC SPAULDING PEDIATRIC PATIENT AND FAMILY CARE 400,000

TAKE STOCK IN CHILDREN PALM BEACH COUNTY

1896 PALM BEACH LAKES BLVD SUITE
103
WEST PALM BEACH,FL334093513 		  PC PROGRAM EXPANSION 200,000

THE GREATER BOSTON FOOD BANK INC

70 SOUTH BAY AVENUE
BOSTON,MA02118 		  PC GENERAL OPERATING SUPPORT 5,000

WOUNDED VETERANS RELIEF FUND

300 PROSPERITY FARMS ROAD SUITE F
NORTH PALM BEACH,FL33408 		  PC EMERGENCY FINANCIAL ASSISTANCE FOR DISABLED VETERANS 100,000

ZENO MOUNTAIN FARM

950 ZENO ROAD
BRISTOL,VT05443 		  PC GENERAL OPERATING SUPPORT 46,200

BETH ISRAEL DEACONESS MEDICAL CENTER INC

529 MAIN STREET 4TH FLOOR
CHARLESTOWN,MA02129 		  PC TO EXPAND THE INSPIRE TRANSLATIONAL RESEARCH HUB SPARK GRANTS, SPECIFICALLY ALLOCATED TO NEUROLOGICAL SCIENCES AND CANCER, AND TO LAUNCH IGNITION GRANTS 200,000

FURRY FRIENDS HUMANE INC

100 CAPITAL STREET
JUPITER,FL33458 		  PC ONE-TIME, DISASTER RECOVERY GRANT 50,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA STREET SUITE 540
BOSTON,MA02114 		  PC TO SUPPORT THE CANCER CENTER, IN MEMORY OF MICHAEL SATTER 5,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA STREET SUITE 540
BOSTON,MA02114 		  PC TO SUPPORT THE CANCER CENTER, IN MEMORY OF MICHAEL SATTER 5,000

TAKE STOCK IN CHILDREN PALM BEACH COUNTY

1896 PALM BEACH LAKES BLVD SUITE
103
WEST PALM BEACH,FL334093513 		  PC TO TAKE STUDENTS SHOPPING FOR BACK-TO-SCHOOL CLOTHES AND ITEMS 5,000

WOUNDED VETERANS RELIEF FUND

300 PROSPERITY FARMS ROAD SUITE F
NORTH PALM BEACH,FL33408 		  PC GENERAL OPERATING SUPPORT 5,000
Total .................................right arrow 3a 7,336,516
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 ....     14 1,419,336  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 2,209,007  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 3,628,343 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
3,628,343
(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 JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HEMENWAY & BARNES LLP TAX PREPARATION 11,657 5,829   5,828

TY 2024 InvestmentsCorpBondsSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Name of Bond End of Year Book Value End of Year Fair Market Value
130000 AECOM SR GLBL NT 27 5.125% 03/15/2027 134,472 128,752
118000 AIRCASTLE LTD SR 4.25% 06/15/2026 112,856 116,743
121000 AMERICAN TOWER CORP 5.9% 11/15/2033 125,531 124,649
133000 AMGEN INC SR GLBL NT 5.6% 03/02/2043 135,861 129,293
184000 BALL CORP SR GLBL NT 2.875% 08/15/2030 CALL 152,340 157,460
153000 BK OF AMERICA CORP FR VAR 03/15/2050 177,156 125,249
134000 BOEING CO SR 5.15% 05/01/2030 148,594 132,121
133000 BROADCOM INC SR 4.55% 02/15/2032 132,989 128,615
144000 CAMPBELL SOUP CO SR 2.375% 04/24/2030 119,660 126,344
119000 CELANESE US HLDGS LLC 6.55% 11/15/2030 118,246 123,186
140000 CHARTER COMMUNICATIONS 5.05% 03/30/2029 135,324 136,989
126000 CITIGROUP INC VAR 12/31/2049 CALL 125,370 125,870
137000 COMMONSPIRIT HEALTH BD 3.347% 10/01/2029 137,000 127,603
130000 CROWN CASTLE INTL CORP 4.3% 02/15/2029 135,093 125,787
124000 CVS HEALTH COPR 5.4% 06/01/2029 CALL 124,240 124,052
135000 DIAMONDBACK ENERGY INC 3.5% 12/01/2029 133,581 125,558
110000 DISCOVER FINL SVCS SR NT VAR 11/2/2034 127,958 125,715
138000 DUKE ENERGY CORP NEW 2.55% 06/15/2031 120,620 117,823
135000 ENCOMPASS HEALTH CORP 4.75% 02/01/2030 131,038 127,983
125000 ENERGY TRANSFER PARTNERS 6.55% 12/01/2033 132,380 133,066
138000 EQUINIX INC SR 3.2% 11/18/2029 126,964 126,868
137000 FISERV INC SR GLBL NT 4.2% 10/01/2028 138,749 133,245
118000 FORD MTR CO DEL GLOBAL LANDMARK SECS-GLOBLS 7.45% 07/16/2031 CALL 129,753 126,772
130000 GENERAL MOTORS FINL CO 5.8% 06/23/2028 127,331 132,600
127000 GOLDMAN SACHS GROUP INC VAR 12/31/2099 125,413 126,449
138000 HCA INC. SR GLBL NT 3.5% 09/01/2030 122,970 125,332
165000 JPMORGAN CHASE & CO SR VAR 04/22/2042 161,363 121,153
142000 KB HOME SR GLBL 4.00% 06/15/2031 125,627 125,369
126000 L3HARRIS TECHNOLOGIES 5.25% 06/01/2031 125,139 126,079
133000 MGM RESORTS 4.75% 10/15/2028 129,509 127,355
202000 MICROSOFT CORP GLBL 2.525% 06/01/2050 153,229 124,311
130000 MORGAN STANLEY FR DTD 01/23/2030 129,224 126,524
145000 MURPHY OIL CORP 6.00% 10/01/2032 145,394 139,317
132000 NAVIENT CORPORATION 5.00% 03/15/2027 120,120 129,381
124000 NUSTAR LOGISTICS LP 6.375% 10/01/2030 123,690 124,336
118000 OCCIDENTAL PETE CORP 7.875% 09/15/2031 132,770 130,597
128000 PNC FINANCIAL SERVICES VAR 01/24/2034 122,518 124,699
157000 SONOCO PRODS CO SR 2.85% 02/01/2032 153,365 133,387
140000 SOUTHWESTERN ENERGY CO 5.375% 03/15/2030 133,972 136,898
25000 TEVA PHARMACEUTICALS NE 6.15% 02/01/2036 25,813 25,049
133000 TEVA PHARMACEUTICALS NE 3.15% 10/01/2026 120,199 127,800
125000 TRUIST FINL CORP VAR 01/24/2030 125,866 126,104
131000 UNITED RENTALS INC SR 3.875% 02/15/2031 118,698 117,028
62000 UNITED RENTALS NORTH 5.5% 05/15/2027 63,667 61,630
123000 US BANCORP FR VAR 06/12/2029 122,722 125,779
176000 VERIZON COMMUNICATIONS 3.55% 03/22/2051 181,000 124,370
125000 WELLS FARGO & COMPANY VAR 12/29/2049 124,531 124,774

TY 2024 InvestmentsCorpStockSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Name of Stock End of Year Book Value End of Year Fair Market Value
8500 AMAZON.COM INC 746,406 1,864,815
8500 APTARGROUP INC 595,284 1,335,350
5600 DANAHER CORP 487,851 1,285,480
3300 HOME DEPOT INC 449,534 1,283,667
8000 JOHNSON & JOHNSON 821,894 1,156,960
3700 MICROSOFT CORP 698,528 1,559,550
7250 PROCTER & GAMBLE CO 575,068 1,215,463
3800 ROCKWELL AUTOMATION INC 412,911 1,086,002
10500 TJX COMPANIES INC NEW 621,737 1,268,505
26328.284 DODGE & COX FDS INTL STK FD 981,022 1,313,781
89428.193 ADVISORS INNER CIRCLE FD III GQG PRIN INSTL 1,250,000 1,479,142
5500 NESTLE NAM SPON ADR 404,230 449,350
11500 ABBOTT LABORATORIES 535,149 1,300,765
1000 ADOBE INC COM 578,291 444,680
9000 ADVANCED MICRO DEVICES INC 279,571 1,087,110
11000 ALPHABET INC CL A 303,944 2,082,300
7000 ANALOG DEVICES INC 487,142 1,487,220
8500 APPLE INC COM 203,586 2,128,570
4850 AUTOMATIC DATA PROCESSING INC 407,023 1,419,741
8000 BALL CORP COM 481,254 441,040
9000 FISERV INC COM 435,735 1,848,780
1000 VERTEX PHARMACEUTICALS INC 453,104 402,700
3600 MASTERCARD INC CL A 323,893 1,895,652
20000 NVIDIA CORP 22,925 2,685,800
11000 RTX CORPORATION COM 657,626 1,272,920
17500 SCHNEIDER ELEC ADR 621,408 868,700
8500 XYLEM INC 371,421 986,170
8500 CANADIAN NATL RY CO COM 511,928 862,835
8000 CARRIER GLOBAL CORPORATION COM 483,190 546,080
36052.065 FPA CRESCENT FUND 1,205,417 1,449,293
108995.768 ROBECO BP LNG/SHRT RES INS 1,637,964 1,472,533
132946.181 AMG RIVER ROAD SELECT VALUE FUND CL I 1,197,086 1,330,791

TY 2024 InvestmentsGovtObligationsSch
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
US Government Securities - End of Year Book Value:

11,417,543
US Government Securities - End of Year Fair Market Value:

10,686,954
State & Local Government Securities - End of Year Book Value:


618,369
State & Local Government Securities - End of Year Fair Market Value:


559,778


TY 2024 OtherExpensesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 241 241   0


TY 2024 OtherIncreasesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Description Amount
ADJUSTMENT 48,043


TY 2024 OtherProfessionalFeesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GW&K INVESTMENT MANAGEMENT FEES 33,498 33,498   0
HEMENWAY TRUST COMPANY INVESTMENT MANAGEMENT 131,908 131,908   0
HEMENWAY & BARNES LLP GRANT ADMINISTRATION 197,863 0   197,863
CONSULTING FEES 6,222 3,111   3,111


TY 2024 TaxesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX PAID 1,315 0   0
EXCISE TAX PAID -ESTIMATES 24,080 0   0