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
William E Schrafft and Bertha E Schrafft Charitable Trust
 
Number and street (or P.O. box number if mail is not delivered to street address)2 Liberty Square 5th Floor
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Boston, MA02109
A Employer identification number

04-6065605
B Telephone number (see instructions)

(617) 469-2271
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$47,553,512J 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 24,397 24,397  
4 Dividends and interest from securities... 1,361,910 1,361,910  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 15,082,454
b Gross sales price for all assets on line 6a 52,365,623
7 Capital gain net income (from Part IV, line 2)... 15,082,454
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........ 16,468,761 16,468,761  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 110,390 15,125   44,289
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
228,334 219,334    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
228,551 4,726    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy.............. 15,600      
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16,590 722    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 599,465 239,907   44,289
25 Contributions, gifts, grants paid....... 2,156,000 2,156,000
26 Total expenses and disbursements. Add lines 24 and 25 2,755,465 239,907   2,200,289
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 13,713,296
b Net investment income (if negative, enter -0-) 16,228,854
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 1,593,802 933,119 933,119
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) 6,164,114    
b Investments—corporate stock (attach schedule)....... 31,578,524    
c Investments—corporate bonds (attach schedule)....... 2,878,699    
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).......... 2,284,946 Click to see attachment
List of Attached Documents:
// Content
46,620,393 		46,620,393
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) 44,500,085 47,553,512 47,553,512
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
181,036 		Click to see attachment
List of Attached Documents:
// Content
32,864
23 Total liabilities (add lines 17 through 22)......... 181,036 32,864
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........... 44,319,049 47,520,648
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........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 44,319,049 47,520,648
30 Total liabilities and net assets/fund balances (see instructions). 44,500,085 47,553,512
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
44,319,049
2
Enter amount from Part I, line 27a .....................
2
13,713,296
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
148,172
4
Add lines 1, 2, and 3 ..........................
4
58,180,517
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
10,659,869
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
47,520,648
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 Publicly Traded Securities      
b From K-1s      
c Loss on Revaluation of Harmony Partners I      
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 52,187,886   37,244,488 14,943,398
b 177,737     177,737
c     38,681 -38,681
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       14,943,398
b       177,737
c       -38,681
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 15,082,454
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) 1 225,581
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  
3 Add lines 1 and 2........................... 3 225,581
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 225,581
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 228,297
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. Part VI Line 7 - Tax Paid with the Original Return: 228297 7 228,297
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
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 2,716
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow2,716 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$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
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 arrowMA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowschrafftcharitable.org
14
The books are in care ofright arrowShabshelowitz & Co CPA's Telephone no.right arrow (508) 672-2182

Located atright arrow263 Walnut StFall RiverMA ZIP+4right arrow02720
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
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
Lavinia B Chase Trustee
004.00 		11,250    
2 Liberty Square 5th Floor
Boston,MA02109
Kristen J McCormack Trustee
020.00 		20,000    
2 Liberty Square 5th Floor
Boston,MA02109
Karen Faulkner Executive Director
040.00 		49,140    
2 Liberty Square 5th Floor
Boston,MA02109
Joseph Corrado Trustee
006.00 		15,000    
2 Liberty Square 5th Floor
Boston,MA02109
Lily E Mendez Trustee
005.00 		15,000    
2 Liberty Square 5th Floor
Boston,MA02109
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  
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
Middleton & Co Investment Advisors 51,233
600 Atlantic Avenue
Boston,MA02210
Merrill Lynch Investment Advisors 72,159
75 Rockefeller Plaza
New York,NY10019
Total number of others receiving over $50,000 for professional services.............right arrow  
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 N/A 0
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
43,530,578
b
Average of monthly cash balances.......................
1b
3,258,979
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
46,789,557
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
46,789,557
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
701,843
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
46,087,714
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,304,386
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
2,304,386
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
225,581
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
225,581
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,078,805
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
2,078,805
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,078,805
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 Click to see attachment
List of Attached Documents:
// Content
..........
1a
2,200,289
b
Program-related investments—total from Part VIII-B..................
1b
 
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
2,200,289
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 2,078,805
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 338,255
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 2,200,289
a Applied to 2023, but not more than line 2a 338,255
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 1,862,034
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
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...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		216,771
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
None
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.
None
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Karen Faulkner
2 Liberty Square 5th Floor
Boston,MA02109
(617) 338-4624
bThe form in which applications should be submitted and information and materials they should include:
Please see www.schrafftcharitable.org
cAny submission deadlines:
None
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Generally must be a Massachusetts tax exempt organization in existance for at least three years
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

826 Boston

3035 Washington St
Roxbury,MA02119 		  PC After School Writing Tutoring Program 20,000

3Point Foundation

270 Soldiers Field Rd
Boston,MA02135 		  PC Operating 20,000

All Dorchester Sports & Leadership

1565 Dorchester Ave
Dorchester,MA02122 		  PC After School Out of School Sports 10,000

Artists for Humanity

100 W 2nd St
Boston,MA02127 		  PC Youth Arts Enterprise 30,000

Ballet Theatre of Boston

400 Harvard St
Cambridge,MA02138 		  PC Arts Education Programming in Dorchester 25,000

Big Sister Assoc of Greater Boston

20 Park Plaza
Boston,MA02116 		  PC Mentoring Bostons Girls 30,000

Bikes Not Bombs

284 Armory St
Jamaica Plains,MA02130 		  PC Using Bicycle to Advance Economic Mobility 25,000

Boston Arts Academy Foundation

126 Brookline Ave 3rd Fl
Boston,MA02215 		  PC General Operating Support 30,000

Boston Ballet

19 Clarendon St
Boston,MA02116 		  PC Citydance 15,000

Boston Children's Museum

308 Congress St
Boston,MA02210 		  PC Helping Hands Fund 25,000

Boston Chinatown Neighborhood Center

38 Ash St
Boston,MA02111 		  PC Youth Center 20,000

Boston City Singers

17 Waldeck St
Dorchester,MA02124 		  PC Closing the Achievement Gap 25,000

Boston Food Forest Coalition

1452 Dorchester Ave
Boston,MA02130 		  PC Operating 1,000

Boston Higher Education Resource Center

62 Northhampton St
Boston,MA02118 		  PC Operating 20,000

Boston Scores

150 Byron St
East Boston,MA02128 		  PC Operating 25,000

Boston Symphony

301 Massachusetts Ave
Boston,MA02115 		  PC Operating 5,000

Boys & Girls Clubs of Boston

200 High St Suite 3B
Boston,MA02110 		  PC Operating 30,000

Boys & Girls Clubs of Dorchester

1135 Dorchester Ave
Dorchester,MA02125 		  PC Operating 20,000

Breakthrough Greater Boston

101 Rogers St Suite 2A
Cambridge,MA02142 		  PC Operating 3 Year Gift 100,000

Bridge Over Troubled Waters

47 West St Floor 2
Boston,MA02111 		  PC Youth Development Pathways from Homelessness 30,000

Cantata Singers

292 Newbury St No 328
Boston,MA02115 		  PC Classroom cantatas 16,000

Catholic Schools Foundation

67 Batterymarch St 6th Floor
Boston,MA02110 		  PC Building Minds Scholarship 25,000

Celebrity Series of Boston

20 Park Plaza
Boston,MA02116 		  PC Arts for All Youth Programs 40,000

Chica Project

1266 Furnace Brook Pkwy
Quincy,MA02169 		  PC Youth Development 20,000

CitySprouts Inc

1035 Cambridge St Ste 6
Cambridge,MA02141 		  PC Operating 25,000

Coaching4Change

427 Winthrop St
Taunton,MA02780 		  PC College Mentors for K-12 Students 20,000

Coastal Foodshed

127 W Rodney French Blvd
New Bedford,MA02744 		  PC Operating 10,000

Codman Academy Foundation

637 Washington St
Boston,MA02124 		  PC Theatre Arts Education 25,000

Community Art Center Inc

119 Windsor St
Cambridge,MA02139 		  PC Arts Culture 20,000

Community Boat Building

21 Liberty Dr
Boston,MA02210 		  PC FY 25 15,000

Community Economic Development Center of Southern Mass

1285 Acushnet Ave
New Bedford,MA02746 		  PC Operating 35,000

Community Music Center of Boston

34 Warren Ave
Boston,MA02116 		  PC Community Engagement Youth Programs 25,000

Conservatory Lab Charter School

395 Columbia Rd
Dorchester,MA02125 		  PC Daily Music Instruction Program 25,000

Cristo Rey Boston High School

100 Savin Hill Ave
Boston,MA02125 		  PC Operating 40,000

Doc Wayne Youth Services Inc

418 Commonwealth Ave
Boston,MA02215 		  PC Therapy Programs 30,000

Dream Out Loud Center

127 W Rodney French Blvd
New Bedford,MA02744 		  PC Arts Culture 25,000

Edvestors

145 Berkeley St Ste 410
Boston,MA02116 		  PC 2nd Payment 3-Year Gift 75,000

EVkids Inc

218 Adams St No 220502
Boston,MA02122 		  PC Tutoring Underserved Youth 25,000

Farrington Nature Linc

291 Cambridge Tpke
Lincoln,MA01773 		  PC Operating 30,000

First Connections

160 Gould St Ste 300
Needham,MA02494 		  PC Operating 20,000

Friends of Children

184 Dudley St Ste 100
Roxbury,MA02119 		  PC Operating 20,000

Haley House

23 Dartmouth St
Boston,MA02116 		  PC Take Back The Kitchen 15,000

Hyde Square Task Force Inc

30 Sunnyside St
Jamaica Plain,MA02130 		  PC Youth in Action 20,000

Immigrant Assistant Center

58 Crapo St
New Bedford,MA02740 		  PC Operating 20,000

Innovators for Purposes

825 Main St
Acton,MA01720 		  PC Education 21,000

Inquilinos Boricuas en Accion Inc

2 San Juan St
Boston,MA02118 		  PC Youth Development Project 20,000

Institute of Contemporary Art

25 Harbor Shore Drive
Boston,MA02210 		  PC Teen Education Programs 25,000

Lawrence Community Works Movement City Team

168 Newbury St
Lawrence,MA01841 		  PC Operating 10,000

Level Ground Mixed Martial Arts

PO Box 220676
Boston,MA02122 		  PC Operating 1,000

LiveARTS

148 Stearns Ave
Mansfield,MA02048 		  PC Operating 1,000

Manomet Conservation Sciences

125 Manomet Point Rd
Plymouth,MA02360 		  PC Operating 10,000

Many Hands Sustainability Center

411 Sheldon Rd
Barre,MA01005 		  PC Operating 2,500

Marion Institute-GROW Education

202 Spring St
Marion,MA02738 		  PC Operating 5,000

Mass Poetry

c/o Grub St 50 Liberty Dr
Boston,MA02210 		  PC Operating 1,000

MA Assoc for the Blind and Visually Impaired

200 Ivy St
Brookline,MA02446 		  PC Operating 15,000

MA Design Art Technology Institute

1213 Purchase St Ste 206
New Bedford,MA02740 		  PC DATMA in Classroom 10,000

MA Mentoring Project

75 Kneeland St
Boston,MA02111 		  PC Operating 25,000

Mattapan Food & Fitness Coalition

1613 Blue Hill Ave
Mattapan,MA02126 		  PC Vigorous Youth Program 15,000

Mattapoisett Land Trust

34 Barstow St
Mattapoisett,MA02739 		  PC Operating 15,000

Mill City Grows

650 Suffolk St G10
Lowell,MA01854 		  PC Youth Food Justice Education 35,000

Minds Matter

185 Devonshire St
Boston,MA02110 		  PC Operating 25,000

MissionSAFE

1514A Dorchester Ave
Dorchester,MA02122 		  PC The Next Decade 15,000

More Than Words

56 Felton St
Waltham,MA02453 		  PC Career Services Program 30,000

Mothers Milk

377 Elliot St
Newton Upper,MA02464 		  PC Operating 15,000

Museum of Fine Arts

465 Huntington Ave
Boston,MA02115 		  PC Operating 5,000

Mystic River Watershed Association

20 Academy St Ste 306
Arlington,MA02476 		  PC Mission Safe Success Coaching 25,000

Neighborhood House Charter School

21 Queen St
Dorchester,MA02122 		  PC High School Rigor Connection 25,000

New Bedford Creative

1213 Purchase St 2nd Fl
New Bedford,MA02740 		  PC Operating 5,000

New Bedford Light

127 W Rodney French Blvd
New Bedford,MA02744 		  PC Operating 37,500

New England Aquarium

Central Wharf
Boston,MA02110 		  PC Reimagine our Youth Programs 25,000

New England Blacks in Philanthropy

101 Federal St
Boston,MA02210 		  PC Operating 1,000

The New Bedford Whaling Museum

18 Johnny Cake Hill
New Bedford,MA02740 		  PC Museum Access Underserved Youth 30,000

Our Sisters School

145 Brownell Ave
New Bedford,MA02740 		  PC Operating 10,000

Outside Mind

203 Washington St Box 217
Salem,MA01970 		  PC Operating 10,000

Philanthropy Massachusetts

133 Federal St Suite 802
Boston,MA02110 		  PC The Summer Program 90,000

Prospect Hill Academy Charter School

50 Essex St
Cambridge,MA02139 		  PC College Career Dual Enrollment 25,000

Save the Harbor Save the Bay

212 Northern Ave Suite 304
W Boston,MA02210 		  PC Watershed Education 15,000

Science Club for Girls

136 Magazine St
Cambridge,MA02139 		  PC STEM Education Mentoring 35,000

Second Chance Cars

1211 Main St 2nd Fl
Concord,MA01742 		  PC Operating 1,000

Shelter Music Boston

1337 Massachusetts Ave No 116
Arlington,MA02476 		  PC Operating 10,000

Shooting Touch

65 Sprague St
Boston,MA02136 		  PC Operating 15,000

Silver Lining Mentoring

PO Box 541497
Waltham,MA02454 		  PC Build-A-Match 20,000

Sociedad Latina

1530 Tremont St
Roxbury,MA02120 		  PC Viva La Cultura 25,000

Speak for the Trees

60 Clayton St No 201
Dorchester,MA02122 		  PC Operating 1,000

St Stephen's Youth Programs

419 Shawmut Ave
Boston,MA02025 		  PC B-Ready B-Safe 25,000

Strong Women Strong Girls Boston

89 South St LL02
Boston,MA02111 		  PC Mentoring Program 15,000

The Epiphany School Inc

154 Centre St
Boston,MA02124 		  PC Operating 20,000

The Food Project

10 Lewis St
Dorchester,MA01773 		  PC Youth Programs 30,000

The Huntington Theatre Company

560 Harrison Ave Ste 504
Lincoln,MA02118 		  PC Matinee Series 15,000

The Jar

29 Fayette St Unit G2
Boston,MA02116 		  PC Operating 1,000

The Steppingstone Foundation

One Appleton St 4th Fl
Boston,MA02116 		  PC Scholars Program 20,000

Third Sector NE fbo Future Chefs

305 Blue Hill Ave
Boston,MA02121 		  PC School to Career Program 20,000

Trinity Boston Connects

305 Blue Hill Ave
Roxbury,MA02121 		  PC School to Career Program 25,000

UAspire

206 Clarendon St
Boston,MA02116 		  PC Trinity Education for Excellence 20,000

West End House

6 Liberty Sq No 98549
Boston,MA02109 		  PC College Affordability 30,000

Write Boston

105 Allston St
Allston,MA02134 		  PC Youth Adult Programs 30,000

Young Man With Plan

2300 Washington St
Roxbury,MA02119 		  PC WriteBoston 1,000

Young Mens Christian Assoc Southcoast

11787 River St
Hyde Park,MA02136 		  PC Operating 30,000

Youth Opportunities Limited

128 Union St
New Bedford,MA02740 		  PC YMCA Preschool Afterschool 10,000

ZUMIX

224 Brock Ave
New Bedford,MA02744 		  PC Operating 30,000
Total .................................right arrow 3a 2,156,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 24,397  
4 Dividends and interest from securities ....     14 1,361,910  
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 15,082,454  
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) ..   16,468,761  
13Total. Add line 12, columns (b), (d), and (e)..................
13
16,468,761
(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: 24019898
Software Version: 24.0.1.0
Part VI Line 7 - Tax Paid with the Original Return: 228,297


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 InvestmentsCorpBondsSchedule
Name:
William E Schrafft and Bertha E Schrafft Charitable Trust
EIN:
04-6065605
Software ID:
24019898
Software Version:
24.0.1.0
Name of Bond End of Year Book Value End of Year Fair Market Value

TY 2024 InvestmentsCorpStockSchedule
Name:
William E Schrafft and Bertha E Schrafft Charitable Trust
EIN:
04-6065605
Software ID:
24019898
Software Version:
24.0.1.0
Name of Stock End of Year Book Value End of Year Fair Market Value

TY 2024 InvestmentsOtherSchedule2
Name:
William E Schrafft and Bertha E Schrafft Charitable Trust
EIN:
04-6065605
Software ID:
24019898
Software Version:
24.0.1.0
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Bio Ventures Investors IV FMV 656,774 656,774
Harmony Partners Fund II FMV 396,218 396,218
Harmony Partners Fund III FMV 679,163 679,163
Harmony Partners Fund V FMV 980,363 980,363
140708.825 Fidelity Intl Index Fund FMV 6,689,298 6,689,298
204.19 Fidelity 500 Index Fund FMV 21,819,633 21,819,633
93857.036 Blackrock Advantage SmidCapFund FMV 2,770,660 2,770,660
530639.465 Fidelity Total Bond FMV 4,988,011 4,988,011
151774.016 Fidelity Inflat-Prot Bd Index Fund FMV 1,349,271 1,349,271
142898.50 Fid L/T Treasury Bond Index Fund FMV 1,310,379 1,310,379
497564.776 Baird Core Plus Bond Institutional FMV 4,980,623 4,980,623

TY 2024 OtherDecreasesSchedule
Name:
William E Schrafft and Bertha E Schrafft Charitable Trust
EIN:
04-6065605
Software ID:
24019898
Software Version:
24.0.1.0
Description Amount
Revaluation of Securities 10,659,869


TY 2024 OtherExpensesSchedule
Name:
William E Schrafft and Bertha E Schrafft Charitable Trust
EIN:
04-6065605
Software ID:
24019898
Software Version:
24.0.1.0
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Office and Misc 11,659      
Other Expense from K-1 4,931 722    


TY 2024 OtherIncreasesSchedule
Name:
William E Schrafft and Bertha E Schrafft Charitable Trust
EIN:
04-6065605
Software ID:
24019898
Software Version:
24.0.1.0
Description Amount
Decrease in Deferred Income Taxes 148,172


TY 2024 OtherLiabilitiesSchedule
Name:
William E Schrafft and Bertha E Schrafft Charitable Trust
EIN:
04-6065605
Software ID:
24019898
Software Version:
24.0.1.0
Description Beginning of Year - Book Value End of Year - Book Value
Deferred Federal Excise Taxes 181,036 32,864


TY 2024 OtherProfessionalFeesSchedule
Name:
William E Schrafft and Bertha E Schrafft Charitable Trust
EIN:
04-6065605
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Fees 219,334 219,334    
Legal Fees 500      
Artists for Humanity 8,500      


TY 2024 TaxesSchedule
Name:
William E Schrafft and Bertha E Schrafft Charitable Trust
EIN:
04-6065605
Software ID:
24019898
Software Version:
24.0.1.0
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Payroll Taxes 3,825      
Foreign Taxes Paid 4,726 4,726    
Federal Excise Paid on Investment Income 220,000