Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
Name of foundation
ADELARD & VALEDA ROY FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address) HEMENWAY BARNES PO BOX 961209
  Room/suite
City or town
BOSTON
State or province
MA
Country  
ZIP or foreign postal code
021961209
A Employer identification number

04-6652923
B Telephone number (see instructions)

6172277940
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$17,447,756J 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 .................
3 Interest on savings and temporary cash investments 11,997 11,997  
4 Dividends and interest from securities... 391,968 391,968  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 871,576
b Gross sales price for all assets on line 6a 929,803
7 Capital gain net income (from Part IV, line 2)... 871,576
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........ 1,275,541 1,275,541  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 53,000 26,500   26,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
30,000 15,000   15,000
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
9,803 4,902   4,901
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
21,997 3,469   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
250 0   250
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 115,050 49,871   46,651
25 Contributions, gifts, grants paid....... 714,900 714,900
26 Total expenses and disbursements. Add lines 24 and 25 ................ 829,950 49,871   761,551
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 445,591
b Net investment income (if negative, enter -0-) 1,225,670
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 63,102 29,762 29,762
2 Savings and temporary cash investments.........   200,265 200,265
3 Accounts receivable  
Less: allowance for doubtful accounts        
4 Pledges receivable  
Less: allowance for doubtful accounts        
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)  
Less: allowance for doubtful accounts        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 199,967 Click to see attachment
List of Attached Documents:
// Content
495,492 		496,567
b Investments—corporate stock (attach schedule)....... 2,236,376 Click to see attachment
List of Attached Documents:
// Content
2,178,149 		14,629,159
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,997,788 Click to see attachment
List of Attached Documents:
// Content
2,039,156 		2,092,003
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,497,233 4,942,824 17,447,756
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 )    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
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
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 4,476,891 4,476,891
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 20,342 465,933
29 Total net assets or fund balances (see instructions)..... 4,497,233 4,942,824
30 Total liabilities and net assets/fund balances (see instructions). 4,497,233 4,942,824
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
4,497,233
2
Enter amount from Part I, line 27a .....................
2
445,591
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
4,942,824
5
Decreases not included in line 2 (itemize)
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
4,942,824
Form 990-PF (2025)
Form 990-PF (2025)
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 500.00 SHS ELI LILY & CO P 1994-02-24 2025-10-03
b 500.00 SHS ELI LILY & CO P 1994-02-24 2025-12-08
c 0.44 SHS UNILIVER PLC P 1991-12-04 2025-12-10
d 1000.00 SHS WALGREENS BOOTS ALLIANCE INC P 2006-04-06 2025-08-29
e 100.00 SHS ZIMVIE INC. P 2006-02-01 2025-10-21
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 418,296   7,068 411,228
b 497,711   7,068 490,643
c 28   4 24
d 11,450   43,505 -32,055
e 1,900   582 1,318
418     418
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       411,228
b       490,643
c       24
d       -32,055
e       1,318
      418
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 2 871,576
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 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 17,037
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 17,037
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 17,037
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 12,000
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 12,000
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 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 5,037
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax   Refunded 11  
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $ 0(2) On foundation managers.$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$ 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)
MA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? 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 addressN/A
14
The books are in care ofHEMENWAY BARNES LLP Telephone no. (617) 227-7940

Located at75 STATE STREETBOSTONMA ZIP+4021091466
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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 ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
REV DR NANCY S SMITH TRUSTEE
2.50 		22,500 0 0
2676 WAKEFIELD
WAKEFIELD,NH03872
ELIZABETH M FISHER TRUSTEE
1.00 		7,500 0 0
1865 SHILOH RANCH DRIVE
COLORADO SPRINGS,CO80908
MICHAEL J PUZO TRUSTEE
2.50 		23,000 0 0
75 STATE STREET 16TH FLOOR
BOSTON,MA021091466
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................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
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
16,326,420
b
Average of monthly cash balances.......................
1b
144,544
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
16,470,964
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
16,470,964
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
247,064
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
16,223,900
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
811,195
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
811,195
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
17,037
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
17,037
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
794,158
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
794,158
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
794,158
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, line 26, column (d) ..........
1a
761,551
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
761,551
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2024 		(c)
2024 		(d)
2025
1 Distributable amount for 2025 from Part X, line 7 794,158
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 709,900
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020......  
b From 2021......  
c From 2022......  
d From 2023......  
e From 2024......  
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 761,551
a Applied to 2024, but not more than line 2a 709,900
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 2025 distributable amount..... 51,651
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 .......... 		742,507
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 2020 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 ....  
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. See instructions
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
REV NANCY S SMITH
PO BOX 1110
SANBORNVILLE,NH03872
(617) 227-7940
bThe form in which applications should be submitted and information and materials they should include:
NO SPECIFIC FORM; 501(C)(3) STATUS SHOULD BE DOCUMENTED
cAny submission deadlines:
SEPT 30 ANNUALLY
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2025)
Form 990-PF (2025)
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

ACTION FOR BOSTON COMMUNITY DEVELOPMENT

178 TREMONT STREET
BOSTON,MA02111 		NONE   ENRICH PROGRAM 4,000

ACTON WAKEFIELD WATERSHEDS ALLIANCE INC

PO BOX 235
UNION,NH03887 		NONE   GENERAL OPERATING SUPPORT 9,000

ALEXANDER TWILIGHT ACADEMY

420 POND STREET
JAMAICA PLAIN,MA02130 		NONE   GENERAL OPERATING SUPPORT 5,000

ANEW PLACE INC

PO BOX 1481
BURLINGTON,VT05402 		NONE   GENERAL OPERATING SUPPORT 5,000

ARLINGTON EATS INC

117 BROADWAY SUITE A
ARLINGTON,MA02474 		NONE   GENERAL OPERATING SUPPORT 5,000

AROUND HEAR INC

8 EVERGREEN AVE
SOMERVILLE,MA02145 		NONE   GENERAL OPERATING SUPPORT 5,000

ARTS COUNCIL OF TAMWORTH

PO BOX 1
TAMWORTH,NH03886 		NONE   ARTIST IN RESIDENCY PROGRAM 5,000

ARTS FOR LEARNING MASSACHUSETTS INC

89 SOUTH ST STE 603
BOSTON,MA02111 		NONE   EXPANDED ARTS ACCESS RESIDENCIES 5,000

ARTS IN REACH

PO BOX 236
PORTSMOUTH,NH03802 		NONE   CORE PROGRAMS 5,000

AUDUBON VERMONT

255 SHERMAN HOLLOW ROAD
HUNTINGTON,VT05462 		NONE   YOUTH CONSERVATION LEADERSHIP PROGRAM 7,500

BARRY L PRICE REHABILITATION CENTER INC

27 CHRISTINA STREET SUITE 201
NEWTON,MA02461 		NONE   GENERAL OPERATING SUPPORT 5,000

BENJAMIN FRANKLIN CUMMINGS INSTITUTE OF TECHNOLOGY

41 BERKELEY STREET
BOSTON,MA02116 		NONE   OFFICE OF STUDENT WELLNESS FOOD PROGRAM 5,000

BEVERLY BOOTSTRAPS COMMUNITY SERVICES

35 PARK ST
BEVERLY,MA01915 		NONE   FOOD ASSISTANCE PROGRAM 5,000

BIGELOW LABORATORY FOR OCEAN SCIENCES

60 BIGELOW DR
E BOOTHBAY,ME04544 		NONE   2025 BLOOM PROGRAMS 5,000

BLESSED STEPHEN BELLESINI OSA

94 BRADFORD ST
LAWRENCE,MA01840 		NONE   AFTER SCHOOL & EVENING STUDY PROGRAM 7,500

BOOTHBAY SEA AND SCIENCE CENTER

PO BOX 332
E BOOTHBAY,ME04544 		NONE   GENERAL OPERATING SUPPORT 5,000

BOSTON AREA GLEANERS INC

91 MARTIN ST
ACTON,MA01720 		NONE   FOOD ACCESS PROGRAM 5,000

BOSTON AREA RAPE CRISIS CENTER INC

99 BISHOP ALLEN DRIVE
CAMBRIDGE,MA02139 		NONE   CASE MANAGEMENT SUPPORT 5,000

BOSTON ARTS ACADEMY FOUNDATION INC

126 BROOKLINE AVE 3RD FL
BOSTON,MA02215 		NONE   GENERAL OPERATING SUPPORT 5,000

BOSTON CHINATOWN NEIGHBORHOOD CENTER INC

38 ASH ST
BOSTON,MA02111 		NONE   YOUTH CENTER SUPPORT 5,000

BOSTON MEDICAL CENTER CORPORATION

OFFICE OF DEVELOPMENT 960 MASSACHUS
TTS AVENUE FLOOR 2
BOSTON,MA02118 		NONE   NOURISHING OUR COMMUNITY PROGRAMS 5,000

BOSTON NEIGHBORHOOD SUPPORT INC

89 SOUTH ST STE LL02
BOSTON,MA02111 		NONE   D/B/A HOWARD BENEVOLENT SOCIETY - EVICTION & UTILITY SHUTOFF PREVENTION PROGAMS 5,000

BOSTON YOUTH SYMPHONY ORCHESTRA INC

855 COMMONWEALTH AVE
BOSTON,MA02215 		NONE   INTENSIVE COMMUNITY PROGRAM 5,000

BROOKVIEW HOUSE INC

2 BROOKVIEW STREET
DORCHESTER,MA02124 		NONE   GENERAL OPERATING SUPPORT 5,000

CARROLL CENTER FOR THE BLIND INC

770 CENTRE STREET
NEWTON,MA02458 		NONE   GENERAL OPERATING SUPPORT 5,000

CATHOLIC CHARITIES MAINE

307 CONGRESS STREET
PORTLAND,ME04104 		NONE   GREEN CARD MEDICAL CLINIC FOR REFUGEES 5,000

CATIE'S CLOSET INC

28 LOON HILL RD
DRACUT,MA01826 		NONE   SOS RESPONSE PROGRAM 5,000

CENTRE STREET FOOD PANTRY INC

11 HOMER STREET
NEWTON,MA02459 		NONE   SERVING SENIORS 5,000

CHAMELEON ARTS ENSEMBLE OF BOSTON INC

6 ROCKY NOOK TER
BOSTON,MA02130 		NONE   2025-26 SEASON PROGRAMS 2,500

CHARLES RIVER CONSERVANCY INC

43 THORNDIKE STREET S3-3
CAMBRIDGE,MA02141 		NONE   STEAM EDUCATION PROGRAM 3,000

COMMUNITY ACTION AGENCY OF SOMERVILLE INC

66-70 UNION SQUARE SUITE 104
SOMERVILLE,MA02143 		NONE   GENERAL OPERATING SUPPORT 5,000

COMMUNITY FARMS OUTREACH INC

PO BOX 540370
WALTHAM,MA02454 		NONE   FOOD ACCESS PROGRAMS 5,000

COMMUNITY MUSIC CENTER OF BOSTON

34 WARREN AVENUE
BOSTON,MA02116 		NONE   COMMUNITY ENGAGEMENT/YOUTH DEVELOPMENT 4,000

COMUNIDADES ENRAIZADAS COMMUNITY

90 EVERETT AVE STE 10
CHELSEA,MA02150 		NONE   GENERAL OPERATING SUPPORT 5,000

CONNEXION

149 BROADWAY
SOMERVILLE,MA02145 		NONE   GENERAL OPERATING SUPPORT 2,500

COOLEY DICKINSON VNA & HOSPICE

PO BOX 329
NORTHAMPTON,MA01061 		NONE   FALL PREVENTION & HOME SAFETY PROGRAMS 5,000

CRISTO REY BOSTON HIGH SCHOOL INC

100 SAVIN HILL AVE
BOSTON,MA02125 		NONE   GENERAL OPERATING SUPPORT 5,000

DEMPSEY CENTERS FOR QUALITY CANCER CARE

PO BOX 277
AUBURN,ME04212 		NONE   GENERAL OPERATING SUPPORT 5,000

DISCOVERY MUSEUMS INC

177 MAIN ST
ACTON,MA01720 		NONE   OPEN DOOR CONNECTIONS 2,500

DISMAS OF VERMONT INC

PO BOX 156
HYDE PARK,VT05655 		NONE   WOMENS DISMAS HOUSE 5,000

EDUCATIONAL DEVELOPMENT GROUP INC

1534 TREMONT STREET
ROXBURY CROSSING,MA02120 		NONE   GENERAL OPERATING SUPPORT 5,000

ELEANORE'S PROJECT

4231 20TH AVE S
MINNEAPOLIS,MN55407 		NONE   WHEELCHAIR PROGRAM & DOCUMENTARY 3,000

ELIZABETH PEABODY HOUSE ASSOCIATION

275 BROADWAY
SOMERVILLE,MA02145 		NONE   FOOD ACCESS PROGRAM 5,000

ENROOT INC

99 BISHOP ALLEN DR
CAMBRIDGE,MA02139 		NONE   ORGANIZATION PROGRAMS 5,000

FAMILIES FIRST COMMUNITY CENTER

PO BOX 951
ELLSWORTH,ME04605 		NONE   HOMELESS PREVENTION IN WASHINGTON & HANCOCK COUNTIES 5,000

FAMILY HEALTH PROJECT INC

PO BOX 123
MANCHESTER,MA01944 		NONE   GENERAL OPERATING SUPPORT 5,000

FAMILYAID BOSTON INC

3815 WASHINGTON ST
BOSTON,MA02130 		NONE   BPS HOMELESSNESS PREVENTION PROGRAM 5,000

FIRST UNITED BAPTIST CHURCH

99 CHURCH ST
LOWELL,MA01852 		NONE   OPERATING SUPPORT 5,000

FIVE RIVERS CONSERVATION TRUST

10 FERRY ST STE 311A
CONCORD,NH03301 		NONE   GENERAL OPERATING SUPPORT 5,000

FOOD FOR ALL SERVICES

72 PARRIS STREET
PORTLAND,ME04101 		NONE   HEALTH HOMES PROGRAMS 5,000

FOOD FOR FREE COMMITTEE INC

59 INNER BELT RD
SOMERVILLE,MA02143 		NONE   GENERAL OPERATING SUPPORT 5,000

FOOD LINK INC

108 SUMMER ST
ARLINGTON,MA02474 		NONE   GENERAL OPERATING SUPPORT 5,000

FOUNDATION TO ADVANCE CATHOLIC

450 HIGHLAND AVE
FALL RIVER,MA02720 		NONE   SCHOLARSHIP PROGRAM 5,000

FRENCHMAN BAY CONSERVANCY

72 TIDAL FALLS ROAD
HANCOCK,ME04640 		NONE   OUTDOOR EDUCATION 5,000

FRIENDS OF BAXTER STATE PARK

PO BOX 322
BELFAST,ME04915 		NONE   BAXTER YOUTH CONSERVATION CORP 5,000

FRIENDSHIPWORKS INC

105 CHAUNCY ST
BOSTON,MA02111 		NONE   GENERAL OPERATING SUPPORT 5,000

GOOD SHEPHERD PARISH

151 EMERY ST
BERLIN,NH03570 		NONE   CHURCH RESTORATION CAMPAIGN 5,000

GREEN CAMBRIDGE INC

99 BISHOP ALLEN DRIVE
CAMBRIDGE,MA02139 		NONE   YOUTH CAREER PATHWAYS PROGRAMS 3,000

GREEN MOUNTAIN CLUB INC

4711 WATERBURY STOWE RD
WATERBURY CTR,VT05677 		NONE   INCREASED HIKER EDUCATION PROGRAM 5,000

GREEN MOUNTAIN CONSERVATION GROUP

236 HUNTRESS BRIDGE RD
EFFINGHAM,NH03882 		NONE   ONE AQUIFER WATERSHED EDUCATION INITIATIVE PHASE III 3,500

GROUNDWORK SOMERVILLE

337 SOMERVILLE AVENUE 2B
SOMERVILLE,MA02143 		NONE   GREEN TEAM YOUTH EMPLOYMENT PROGRAM 3,000

HABITAT FOR HUMANITY GREATER BOSTON INC

434 MASSACHUSETTS AVENUE SUITE 201
BOSTON,MA02118 		NONE   GENERAL OPERATING SUPPORT 4,000

HALEY HOUSE INC

23 DARTMOUTH ST
BOSTON,MA02116 		NONE   FOOD & MEALS PROGRAM 5,000

HARBOR HOMES INC

77 NORTHEASTERN BLVD
NASHUA,NH03062 		NONE   SUPPORT FOR CYNTHIA DAY FAMILY CENTER 5,000

HAVEN PROJECT INC

57 MUNROE ST
LYNN,MA01901 		NONE   GENERAL OPERATING SUPPORT 5,000

HEALTHY WALTHAM

510 MOODY ST
WALTHAM,MA02453 		NONE   HEALTHY WALTHAM FOOD PANTRY PROGRAM 5,000

HEARTH INC

1640 WASHINGTON ST
BOSTON,MA02118 		NONE   PREVENTION PROGRAMS SUPPORT 5,000

HILDEBRAND FAMILY SELF HELP CENTER INC

614 MASSACHUSETTS AVENUE THIRD
FLOOR
CAMBRIDGE,MA02139 		NONE   FOOD ACCESS PROGRAM 5,000

HOME HEALTH & HOSPICE CARE

7 EXECUTIVE PARK DR
MERRIMACK,NH03054 		NONE   GENERAL OPERATING SUPPORT 10,000

HORIZONS FOR HOMELESS CHILDREN INC

1785 COLUMBUS AVE
ROXBURY,MA02119 		NONE   NUTRITION FOR CHILDREN PROGRAM 5,000

HUNGER FREE VERMONT

38 EASTWOOD DRIVE SUITE 100
SOUTH BURLINGTON,VT05403 		NONE   ENDING CHILDHOOD HUNGER PROGRAM 5,000

INQUILINOS BORICUAS EN ACCION INC

2 SAN JUAN ST
BOSTON,MA02118 		NONE   GENERAL OPERATING SUPPORT 5,000

INTERFAITH SOCIAL SERVICES INC

105 ADAMS STREET
QUINCY,MA02169 		NONE   FOOD PANTRY SUPPORT 5,000

INTERNATIONAL INSTITUTE OF NEW ENGLAND

2 BOYLSTON ST 3RD FL
BOSTON,MA02116 		NONE   W.I.N. PROGRAM 5,000

JOHN W GRAHAM EMERGENCY SHELTER

66 MAIN ST
VERGENNES,VT05491 		NONE   GENERAL OPERATING SUPPORT 5,000

LAKE CHAMPLAIN CHAMBER MUSIC FESTIVAL

20 WINOOSKI FALLS WAY STE 7
WINOOSKI,VT05404 		NONE   ONE STRINGS PROGRAM 4,500

LUCY'S LOVE BUS CHARITABLE TRUST

PO BOX 464
AMESBURY,MA01913 		NONE   GENERAL OPERATING SUPPORT 2,500

LYNN SHELTER ASSOCIATION INC

181 UNION STREET SUITE LL 102
LYNN,MA01901 		NONE   GENERAL OPERATING SUPPORT 5,000

MAB COMMUNITY SERVICES INC

29 DENBY RD
ALLSTON,MA02134 		NONE   VOLUNTEER PROGRAM SUPPORT 2,500

MABEL CENTER FOR IMMIGRANT JUSTICE

200 PORTLAND ST 5TH FL
BOSTON,MA02114 		NONE   GENERAL OPERATING SUPPORT 5,000

MAINE APPALACHIAN TRAIL CLUB INC

PO BOX 7564
PORTLAND,ME04112 		NONE   CLUB EDUCATION PROGRAMS 5,000

MANOMET INC

PO BOX 1770
MANOMET,MA02345 		NONE   GENERAL OPERATING SUPPORT 5,000

MANSHIP ARTIST RESIDENCE AND STUDIOS INC

PO BOX 7071
GLOUCESTER,MA01930 		NONE   HISTORICAL RENOVATIONS 5,000

MASSACHUSETTS COALITION FOR THE HOMELESS INC

73 BUFFUM ST
LYNN,MA01902 		NONE   CASA PROJECT - BIRTH TO BIG KID INITIATIVE 3,000

MATER DEI PARISH CHARITABLE TRUST

191 CLERMONT TERRACE
NEWPORT,VT05855 		NONE   BRIDGING RESOURCES TO THE NORTHEAST KINGDOM POPULATION 5,000

MAVERICK LANDING COMMUNITY SERVICES INC

31 LIVERPOOL STREET
EAST BOSTON,MA02128 		NONE   FOOD DISTRIBUTION 4,000

MERRIMACK VALLEY FOOD BANK INC

1703 MIDDLESEX ST
LOWELL,MA01851 		NONE   FOOD DISTRIBUTION 5,000

MILTON ACADEMY

151 MOUNTAIN SCHOOL RD
VERSHIRE,VT05079 		NONE   VERSHIRE VERMONT LOCAL HISTORY 1,500

MISSION OF DEEDS INC

6 CHAPIN AVE
READING,MA01867 		NONE   GENERAL OPERATING SUPPORT 5,000

MOOSE MOUNTAINS REGIONAL GREENWAYS

PO BOX 191
UNION,NH03887 		NONE   HRABA FOREST PROJECT 2,500

MYSTIC RIVER WATERSHED ASSOCIATION INC

23 MAPLE ST
ARLINGTON,MA02476 		NONE   GENERAL OPERATING SUPPORT 5,000

MYSTIC VALLEY ELDER SERVICES

300 COMMERCIAL STREET 19
MALDEN,MA02148 		NONE   WELLNESS PROGRAMS 5,000

NASHUA RIVER WATERSHED ASSOCIATION INC

592 MAIN ST
GROTON,MA01450 		NONE   GENERAL OPERATING SUPPORT 5,000

NATIVITY PREP BOSTON

39 LAMARTINE STREET
JAMAICA PLAIN,MA02130 		NONE   STEM PROGRAM 5,000

NATURAL RESOURCES COUNCIL INC

3 WADE ST
AUGUSTA,ME04330 		NONE   GENERAL OPERATING SUPPORT 9,000

NEW ENGLAND FORESTRY FOUNDATION INC

PO BOX 1346
LITTLETON,MA01460 		NONE   GENERAL OPERATING SUPPORT 5,000

NEW HAMPSHIRE CATHOLIC CHARITIES INC

100 WILLIAM LOEB DR UNIT 3
MANCHESTER,NH03109 		NONE   CAREGIVERS PROGRAM 5,000

NEW HAMPSHIRE PROJECT LEARNING TREE

54 PORTSMOUTH ST
CONCORD,NH03301 		NONE   NH PROJECT LEARNING TREE-FY2025 EDUCATIONAL INITIATIVES 7,500

NORTH BENNET STREET SCHOOL

150 NORTH ST
BOSTON,MA02109 		NONE   GENERAL SCHOLARSHIPS 6,000

NORTH END COMMUNITY HEALTH COMMITTEE INC

332 HANOVER STREET
BOSTON,MA02113 		NONE   GENERAL OPERATING SUPPORT 5,000

NORWELL VISITING NURSE ASSOCIATION INC

120 LONGWATER DR
NORWELL,MA02061 		NONE   PAT ROCHE HOSPICE HOME & MUSIC THERAPY PROGRAM 5,000

OLD NORTH FOUNDATION OF BOSTON INC DBA OLD NORTH ILLUMINATED

193 SALEM ST
BOSTON,MA02113 		NONE   CLASSROOM CURRICULA EXPANSION 2,500

ON THE RISE INC

341 BROADWAY
CAMBRIDGE,MA02139 		NONE   GENERAL OPERATING SUPPORT 4,000

PATHWAYS VERMONT INC

1 KENNEDY DR STE L2
S BURLINGTON,VT05403 		NONE   PATHWAYS VERMONT COMMUNITY CENTER - DAILY LUNCH 5,000

PATHWAYS ADULT EDUCATION AND TRAINING INC

330 LYNNWAY SUITE 302
LYNN,MA01902 		NONE   GENERAL OPERATING SUPPORT 5,000

PISCATAQUOG LAND CONSERVANCY

5A MILL ST
NEW BOSTON,NH03070 		NONE   GENERAL OPERATING SUPPORT 10,000

PRESERVATION TRUST OF VERMONT INC

90 MAPLE ST
MONTPELIER,VT05602 		NONE   CHURCHES & SACRED PLACES - PRESERVATION RETREAT & SITE VISITS 5,400

QUINCY COMMUNITY ACTION PROGRAMS INC

1509 HANCOCK STREET
QUINCY,MA02169 		NONE   SW COMMUNITY FOOD CENTER 5,000

RAW ART WORKS INC

37 CENTRAL SQUARE
LYNN,MA01901 		NONE   GENERAL OPERATING SUPPORT 5,000

RIA INC

330 COCHITUATE RD 1784
FRAMINGHAM,MA01701 		NONE   SHEFUND 4,000

ROGERSON COMMUNITIES

1 FLORENCE ST
ROSLINDALE,MA02131 		NONE   MUSIC THERAPY PROGRAM 4,500

ROSIE'S PLACE INC

889 HARRISON AVE
BOSTON,MA02118 		NONE   FOOD PROGRAM SUPPORT 5,000

SAGE MOUNTAIN BOTANICAL SANCTUARY

PO BOX 420
EAST BARRE,VT05649 		NONE   AFTERSCHOOL IN NATURE PROGRAM 5,000

SAINT FRANCIS HOUSE INC

7 BOYLSTON SQ
BOSTON,MA02116 		NONE   GENERAL OPERATING SUPPORT 5,000

SCHOOL ON WHEELS OF MASSACHUSETTS INC

100 LAUREL ST STE 121
E BRIDGEWATER,MA02333 		NONE   PATHWAYS TO SUCCESS 5,000

SECOND STEP INC

PO BOX 600213
NEWTONVILLE,MA02460 		NONE   GENERAL OPERATING SUPPORT 5,000

SHARE OUTREACH INC

1 COLUMBUS AVE
MILFORD,NH03055 		NONE   FOOD PROGRAMS 5,000

SHELTER MUSIC BOSTON INC

1337 MASSACHUSETTS AVE 116
ARLINGTON,MA02476 		NONE   CHILDRENS PROGRAMS 5,000

SLATE VALLEY CARES INC

49 MAIN ST STE 1
FAIR HAVEN,VT05743 		NONE   GENERAL OPERATING SUPPORT 5,000

SOCIEDAD LATINA INC

1530 TREMONT ST
ROXBURY,MA02120 		NONE   YOUTH ARTISTS MASTERY PROGRAM 2,500

SOCIETY FOR THE PROTECTION OF NEW HAMPSHIRE FORESTS

54 PORTSMOUTH ST
CONCORD,NH03301 		NONE   MORRILL DAIRY FARM CONSERVATION EASEMENT 10,000

SOUTH SHORE YMCA

79 CODDINGTON STREET
QUINCY,MA02169 		NONE   GERMANTOWN FOOD PANTRY 2,500

SOUTHEAST LAND TRUST OF NEW HAMPSHIRE

247 NORTH RIVER RD
EPPING,NH03042 		NONE   GENERAL OPERATING SUPPORT 10,000

SOUTHERN NE CONFERENCE OF THE UNITED CHURCH OF CHRIST

1 BADGER RD
FRAMINGHAM,MA01702 		NONE   PILGRIM DAY CAMP NATURE EXPLORERS 2,500

SPOONFULS INC

189 WELLS AVE STE 100
NEWTON,MA02459 		NONE   FOOD RECOVERY & HUNGER RELIEF IN MA 5,000

ST MARYS CENTER FOR WOMEN AND CHILDREN

90 CUSHING AVE
DORCHESTER,MA02125 		NONE   GENERAL OPERATING SUPPORT 5,000

STUDENT CLINIC FOR IMMIGRANT JUSTICE INC

217 HANOVER ST 320
BOSTON,MA02113 		NONE   GENERAL OPERATING SUPPORT 5,000

TEDFORD HOUSING

PO BOX 958
BRUNSWICK,ME04011 		NONE   GENERAL OPERATING SUPPORT 5,000

THE GREATER BOSTON FOOD BANK INC

70 SOUTH BAY AVENUE
BOSTON,MA02118 		NONE   GENERAL OPERATING SUPPORT 5,000

THE OPEN DOOR CAPE ANN FOOD PANTRY INC DBA THE OPEN DOOR

28 EMERSON AVE
GLOUCESTER,MA01930 		NONE   FOOD PROGRAM 5,000

THE SALEM PANTRY INC

PO BOX 295
SALEM,MA01970 		NONE   GENERAL OPERATING SUPPORT 5,000

TRINITY BOSTON CONNECTS

206 CLARENDON ST
BOSTON,MA02116 		NONE   EDUCATION PROGRAMS 6,000

TRUST FOR PUBLIC LAND

3 SHIPMAN PL
MONTPELIER,VT05602 		NONE   NORTHERN NE CHAPTER CONSERVATION PROGRAMS 9,000

TRUSTEES OF ELIOT SCHOOL

24 ELIOT ST
BOSTON,MA02130 		NONE   TEEN BRIDGE 5,000

UPPER VALLEY HAVEN INC

713 HARTFORD AVE
WHITE RIVER JUNCTION,VT05001 		NONE   GENERAL OPERATING SUPPORT 5,000

VERMONT LAND TRUST INC

8 BAILEY AVE
MONTPELIER,VT05602 		NONE   GENERAL OPERATING SUPPORT 10,000

VERMONT NATURAL RESOURCES COUNCIL INC

11 BALDWIN ST
MONTPELIER,VT05602 		NONE   ASSISTANCE FOR FORESTLAND OWNERS 7,500

VIETNAM VETERANS WORKSHOP INC

17 COURT STREET
BOSTON,MA02108 		NONE   VETERAN WELLNESS PROGRAMS 5,000

WAYPOINT

464 CHESTNUT STREET
MANCHESTER,NH03105 		NONE   ARTIST IN RESIDENCY SUPPORT 5,000

WELCOME PROJECT INC

530 MYSTIC AVENUE 111
SOMERVILLE,MA02145 		NONE   LIAISON INTERPRETER PROGRAM 2,500

WILLING HANDS ENTERPRISES

198 CHURCH STREET
NORWICH,VT05055 		NONE   GENERAL OPERATING SUPPORT 5,000

WOMEN'S LUNCH PLACE INC

PO BOX 170900
BOSTON,MA02117 		NONE   GENERAL OPERATING SUPPORT 5,000

ZUMIX INC

260 SUMMER ST
E BOSTON,MA02128 		NONE   HANDS ON CREATIVE YOUTH DEVELOPMENT PROGRAM 5,000
Total ................................. 3a 714,900
bApproved for future payment
Total ................................. 3b 0
Form 990-PF (2025)
Form 990-PF (2025)
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 11,997  
4 Dividends and interest from securities ....     14 391,968  
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 ............ 		    18 871,576  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,275,541 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,275,541
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed 		PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 AccountingFeesSchedule
Name:
ADELARD & VALEDA ROY FOUNDATION
EIN:
04-6652923
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HEMENWAY & BARNES 9,803 4,902   4,901

TY 2025 InvestmentsCorpStockSchedule
Name:
ADELARD & VALEDA ROY FOUNDATION
EIN:
04-6652923
Name of Stock End of Year Book Value End of Year Fair Market Value
3,000 SHRS ABBOTT LABS 65,059 375,870
3,000 SHRS ABBVIE INC COM 70,550 685,470
13,000 SHRS AT&T INC 146,337 322,920
7,000 SHRS BRISTOL MYERS SQUIBB CO 91,935 377,580
3,500 SHRS CHEVRON CORP 120,044 533,435
4,000 SHRS DUKE ENERGY CORP NEW 138,017 468,840
3,070 SHRS ENBRIDGE INC CAD 44,027 146,838
5,000 SHRS EXXON MOBIL CORP 82,863 601,700
2,500 SHRS IDACORP INC 72,363 316,400
2,000 SHRS INTEL CORP 44,261 73,800
1,500 SHRS IBM 60,609 444,315
4,000 SHRS JOHNSON & JOHNSON COM 49,074 827,800
5,500 SHRS JPMORGAN CHASE & CO 135,624 1,772,210
1,500 SHRS KIMBERLY CLARK CORP 24,137 151,335
6,000 SHRS MERCK & CO INC NEW COM 79,506 631,560
2,000 SHRS MICROSOFT CORP 47,791 967,240
7,000 SHRS PFIZER INC 44,169 174,300
3,200 SHRS PROCTER & GAMBLE CO 36,935 458,592
6,000 SHRS ROYAL DUTCH SHELL PLC CL A 147,270 440,880
1,500 SHARES STATE STREET CORP 53,179 193,515
2,000 SHRS TRANSCANADA CORP 59,628 110,020
8,000 SHRS VERIZON COMMUNICATIONS INC 206,060 325,840
2,000 SHRS WALT DISNEY CO 20,393 227,540
1,000 SHRS ZIMMER BIOMET HOLDINGS INC 24,672 89,920
760 SHRS CORTEVA INC 13,237 50,943
760 SHRS DOW INC 25,849 17,769
760 SHRS DUPONT DE NEMOURS INC 15,593 30,552
1794 SHRS EVERGY INC 73,437 130,047
868 SHRS VIATRIS INC 2,424 10,807
300 SHRS KYNDRYL HOLDINGS INC 2,646 7,968
3,144 SHRS WARNER BROS DISCOVERY INC 44,895 90,610
400 SHRS SOUTH BOW CORP 5,864 10,988
3,000 SHRS LILLY ELI & CO 42,405 3,224,040
1000 SHRS MAGNUM ICE CREAM CO EUR 3,392 15,850
380 SHRS QNITY ELECTRONICS INC 22,340 31,027
4444 SHRS UNILEVER PLC AMER SHS 61,564 290,638

TY 2025 InvestmentsGovtObligationsSch
Name:
ADELARD & VALEDA ROY FOUNDATION
EIN:
04-6652923
US Government Securities - End of Year Book Value:

495,492
US Government Securities - End of Year Fair Market Value:

496,567
State & Local Government Securities - End of Year Book Value:


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


0


TY 2025 InvestmentsOtherSchedule2
Name:
ADELARD & VALEDA ROY FOUNDATION
EIN:
04-6652923
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
91957.122 SHRS ALLSPRING ABSOLUTE RETURN FUND CLASS A AT COST 1,024,586 1,013,367
82025.559 SHRS UBS GLOBAL ALLOCATION FD CL A AT COST 1,014,570 1,078,636

TY 2025 LegalFeesSchedule
Name:
ADELARD & VALEDA ROY FOUNDATION
EIN:
04-6652923
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HEMENWAY & BARNES 30,000 15,000   15,000


TY 2025 OtherExpensesSchedule
Name:
ADELARD & VALEDA ROY FOUNDATION
EIN:
04-6652923
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MA PC FILING FEE 250 0   250


TY 2025 TaxesSchedule
Name:
ADELARD & VALEDA ROY FOUNDATION
EIN:
04-6652923
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 3,469 3,469   0
FEDERAL ESTIMATED TAXES 12,000 0   0
FEDERAL BALANCE DUE PRIOR YEAR 6,528 0   0