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
THE JACK SATTER FOUNDATION
C/O HEMENWAY TRUST COMPANY
Number and street (or P.O. box number if mail is not delivered to street address) 23 KEEWAYDIN DR SUITE 400
  Room/suite
City or town
SALEM
State or province
NH
Country  
ZIP or foreign postal code
03079
A Employer identification number

65-6316190
B Telephone number (see instructions)

6039138022
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)$59,364,732J 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      
4 Dividends and interest from securities... 1,390,042 1,390,042  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 3,689,540
b Gross sales price for all assets on line 6a 12,528,146
7 Capital gain net income (from Part IV, line 2)... 3,689,540
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........ 5,079,582 5,079,582  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 120,000 0   120,000
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
14,361 7,180   7,181
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
344,718 156,995   187,723
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
87,967 0   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
16 16   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 567,062 164,191   314,904
25 Contributions, gifts, grants paid....... 6,837,667 6,837,667
26 Total expenses and disbursements. Add lines 24 and 25 ................ 7,404,729 164,191   7,152,571
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -2,325,147
b Net investment income (if negative, enter -0-) 4,915,391
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.............      
2 Savings and temporary cash investments......... 1,370,663 1,803,076 1,803,076
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) 12,035,912 Click to see attachment
List of Attached Documents:
// Content
12,537,407 		12,127,891
b Investments—corporate stock (attach schedule)....... 19,242,122 Click to see attachment
List of Attached Documents:
// Content
15,628,158 		39,033,363
c Investments—corporate bonds (attach schedule)....... 6,069,905 Click to see attachment
List of Attached Documents:
// Content
6,454,337 		6,400,402
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
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) 38,718,602 36,422,978 59,364,732
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........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 38,718,602 36,422,978
29 Total net assets or fund balances (see instructions)..... 38,718,602 36,422,978
30 Total liabilities and net assets/fund balances (see instructions). 38,718,602 36,422,978
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
38,718,602
2
Enter amount from Part I, line 27a .....................
2
-2,325,147
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
29,523
4
Add lines 1, 2, and 3 ..........................
4
36,422,978
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
36,422,978
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 VARIOUS PUBLICLY TRADED SECURITIES P    
b CAPITAL GAINS DIVIDENDS P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 12,241,425   8,838,606 3,402,819
b 286,721     286,721
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       3,402,819
b       286,721
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 3,689,540
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 68,324
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 68,324
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 68,324
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 64,040
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 64,040
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
8 119
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 4,403
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)
FL
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 TRUST COMPANY Telephone no. (603) 913-8022

Located at23 KEEWAYDIN DR SUITE 400SALEMNH ZIP+403079
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)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........
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
SAMUEL LEVY TRUSTEE
3.00 		20,000 0 0
12 CRESTWOOD DRIVE
FRAMINGHAM,MA01701
SYLVIA LEVY TRUSTEE
3.00 		20,000 0 0
12 CRESTWOOD DRIVE
FRAMINGHAM,MA01701
ERIC M WOLF TRUSTEE
11.00 		40,000 0 0
3891 TOULOUSE DRIVE
PALM BEACH GARDENS,FL33410
MARY LOU COCCI TRUSTEE
10.00 		40,000 0 0
3891 TOULOUSE DRIVE
PALM BEACH GARDENS,FL33410
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 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
HEMENWAY & BARNES LLP LEGAL & GRANT MANAGEMENT SERVICES 187,263
75 STATE STREET
BOSTON,MA02109
HEMENWAY TRUST CO LLC INVESTMENT MANAGEMENT SERVICES 31,693
23 KEEWAYDIN DR SUITE 400
SALEM,NH03079
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................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
57,714,239
b
Average of monthly cash balances.......................
1b
2,626,977
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
60,341,216
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
60,341,216
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
905,118
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
59,436,098
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
2,971,805
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
2,971,805
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
68,324
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
68,324
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,903,481
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,903,481
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
2,903,481
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
7,152,571
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
7,152,571
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 2,903,481
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 1,742,596
b From 2021...... 2,793,319
c From 2022...... 2,575,389
d From 2023...... 3,797,420
e From 2024...... 4,619,669
f Total of lines 3a through e ........ 15,528,393
4Qualifying distributions for 2025 from Part
XI, line 4: $ 7,152,571
a Applied to 2024, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions) ..... 		0
c Treated as distributions out of corpus (Election
required—see instructions) ........ 		0
d Applied to 2025 distributable amount..... 2,903,481
e Remaining amount distributed out of corpus 4,249,090
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 19,777,483
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 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions) ... 		1,742,596
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		18,034,887
10 Analysis of line 9:
a Excess from 2021 .... 2,793,319
b Excess from 2022 .... 2,575,389
c Excess from 2023 .... 3,797,420
d Excess from 2024 .... 4,619,669
e Excess from 2025 .... 4,249,090
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 email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (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

ACCESSPORTAMERICA INC

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

ACCESSPORTAMERICA INC

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

AMERICAN CANCER SOCIETY

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

AMERICAN FRIENDS OF SHALVA ISRAEL INC

441 LEXINGTON AVENUE SUITE 602
NEW YORK,NY10017 		    GENERAL OPERATING SUPPORT 5,000

BEACON ACADEMY

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

BETH ISRAEL DEACONESS MEDICAL CENTER INC

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

BOSTON MEDICAL CENTER CORPORATION

960 MASSACHUSETTS AVENUE FLOOR 2
BOSTON,MA02118 		    PSYCHOSIS CARE PROGRAM 1,000,000

BOSTON MEDICAL CENTER CORPORATION

960 MASSACHUSETTS AVENUE FLOOR 2
BOSTON,MA02118 		    IN MEMORY OF RICHARD SLIFKA 5,000

BRIGHAM AND WOMEN'S HOSPITAL

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

BRIGHAM AND WOMEN'S HOSPITAL

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

CATIE'S CLOSET

28 LOON HILL ROAD
DRACUT,MA018264617 		    GENERAL OPERATING SUPPORT 400,000

CHILDREN'S HOSPITAL CORPORATION

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

CHILDREN'S HOSPITAL CORPORATION

401 PARK DRIVE SUITE 602
BOSTON,MA02115 		    EXPANDING THE PIPELINE OF SCHOOL-BASED BEHAVIORAL HEALTH SERVICES 166,667

COTTING SCHOOL INC

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

DANIEL'S TABLE INC

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

EDVESTORS INC

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

ELS FOR AUTISM

18370 LIMESTONE CREEK ROAD
JUPITER,FL33458 		    CHALLENGE GRANT FOR THE RECREATION AND ADULT SERVICES PROGRAMS. THE CHALLENGE GRANT WILL REQUIRE A 1 TO .25 MATCH ANNUALLY 326,000

FRIENDS OF THE CALLAHAN SENIOR CENTER

535 UNION AVENUE
FRAMINGHAM,MA01702 		    OPERATING SUPPORT 2,500

FRIENDS OF THE CALLAHAN SENIOR CENTER

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

FURRY FRIENDS HUMANE INC

100 CAPITAL STREET
JUPITER,FL33458 		    SHELTER TO SERVICE DOG PROGRAM 50,000

HANLEY FOUNDATION

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

HANLEY FOUNDATION

933 45TH STREET
WEST PALM BEACH,FL33401 		    RECOVERY SUPPORT FOR FAMILIES AFFECTED BY SUBSTANCE USE DISORDER 125,000

HEBREW SENIORLIFE INC

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

HEBREW SENIORLIFE INC

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

HEBREW SENIORLIFE INC

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

HEBREW SENIORLIFE INC

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

JEWISH EDUCATION IN MEDIA INC DBA JEWISH BROADCASTING SERVICE

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

JUPITER MEDICAL CENTER FOUNDATION

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

MASSACHUSETTS GENERAL HOSPITAL

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

MASSACHUSETTS GENERAL HOSPITAL

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

MASSACHUSETTS GENERAL HOSPITAL

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

MIND MUSIC AND MOVEMENT FOUNDATION FOR NEUROLGICAL DISORDERS INC

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

MINDING YOUR MIND

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

MINDING YOUR MIND

124 SIBLEY AVENUE
ARDMORE,PA19003 		    PROGRAM EXPANSION IN FLORIDA 150,000

NEW ENGLAND CONSERVATORY OF MUSIC

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

ONE MISSION

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

PALM BEACH CANCER INSTITUTE FOUNDATION INC

3401 PGA BOULEVARD
PALM BEACH GARDENS,FL33410 		    SARI CENTER FOR INTEGRATIVE CANCER CARE IN HONOR OF DAVID CHARLOWE 5,000

QUANTUM HOUSE INC

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

RIVERS SCHOOL CORPORATION

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

RIVERS SCHOOL CORPORATION

333 WINTER STREET
WESTON,MA02493 		    TO ESTABLISH THE SATTER SCHOLARS PROGRAM 150,000

ROCKLAND PUBLIC SCHOOLS

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

SPAULDING REHABILITATION HOSPITAL

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

TAKE STOCK IN CHILDREN PALM BEACH COUNTY

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

THE GREATER BOSTON FOOD BANK INC

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

WOUNDED VETERANS RELIEF FUND

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

WOUNDED VETERANS RELIEF FUND

300 PROSPERITY FARMS ROAD SUITE F
NORTH PALM BEACH,FL33408 		    DENTAL PROGRAM 5,000

ZENO MOUNTAIN FARM

950 ZENO ROAD
BRISTOL,VT05443 		    GENERAL OPERATING SUPPORT 100,000

CATIE'S CLOSET

28 LOON HILL ROAD
DRACUT,MA018264617 		    GENERAL OPERATING SUPPORT 100,000

COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON INC

126 HIGH STREET
BOSTON,MA02110 		    GENERAL OPERATING SUPPORT 2,500

NATIONAL MULTIPLE SCLEROSIS SOCIETY

101A FIRST AVENUE SUITE 6
WALTHAM,MA02451 		    IN MEMORY OF RICHARD SLIFKA, AT THE RECOMMENDATION OF ERIC WOLF 5,000

STANLEY M ISAACS NEIGHBORHOOD CENTER INC

415 E 93RD STREET
NEW YORK,NY101286904 		    IN MEMORY OF MICHAEL SPERO 5,000

THE GREATER BOSTON FOOD BANK INC

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

TRINITY BOSTON CONNECTS

206 CLARENDON STREET
BOSTON,MA02116 		    GENERAL OPERATING SUPPORT, AT THE RECOMMENDATION OF ERIC WOLF 5,000
Total ................................. 3a 6,837,667
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 ........... 		         
4 Dividends and interest from securities ....     14 1,390,042  
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 3,689,540  
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 5,079,582 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
5,079,582
(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:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
HEMENWAY & BARNES LLP TAX PREPARATION 14,361 7,180   7,181

TY 2025 InvestmentsCorpBondsSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Name of Bond End of Year Book Value End of Year Fair Market Value
121000 AMERICAN TOWER CORP 5.9% 11/15/2033 125,125 129,239
133000 AMGEN INC SR GLBL NT 5.6% 03/02/2043 135,803 133,738
153000 BK OF AMERICA CORP FR VAR 03/15/2050 176,494 128,532
144000 CAMPBELL SOUP CO SR 2.375% 04/24/2030 119,660 132,424
130000 CROWN CASTLE INTL CORP 4.3% 02/15/2029 134,025 129,658
135000 DIAMONDBACK ENERGY INC 3.5% 12/01/2029 133,581 130,961
110000 DISCOVER FINL SVCS SR NT VAR 11/2/2034 126,601 129,690
138000 EQUINIX INC SR 3.2% 11/18/2029 126,964 132,473
118000 FORD MTR CO DEL GLOBAL LANDMARK SECS-GLOBLS 7.45% 07/16/2031 CALL 128,671 130,449
138000 HCA INC. SR GLBL NT 3.5% 09/01/2030 122,970 132,709
165000 JPMORGAN CHASE & CO SR VAR 04/22/2042 161,255 128,164
202000 MICROSOFT CORP GLBL 2.525% 06/01/2050 153,229 123,331
130000 MORGAN STANLEY FR DTD 01/23/2030 129,224 130,720
145000 MURPHY OIL CORP 6.00% 10/01/2032 146,495 144,852
132000 NAVIENT CORPORATION 5.00% 03/15/2027 120,120 132,286
124000 NUSTAR LOGISTICS LP 6.375% 10/01/2030 123,690 130,510
118000 OCCIDENTAL PETE CORP 7.875% 09/15/2031 131,001 134,932
128000 PNC FINANCIAL SERVICES VAR 01/24/2034 122,518 130,961
125000 TRUIST FINL CORP VAR 01/24/2030 125,727 129,416
123000 US BANCORP FR VAR 06/12/2029 122,720 127,846
176000 VERIZON COMMUNICATIONS 3.55% 03/22/2051 180,768 124,932
119000 ALLY FINL INC VAR 05/15/2029 CALLABLE 119,932 122,021
125000 AMERICAN EXPRESS CO VAR 07/26/2028 CALLABLE 125,000 125,483
119000 BOEING CO CR SEN 5.15% 05/01/2030 CALL 129,473 122,274
146000 BOSTON PPTYS LTD 2.55% 04/01/2032 CALL 124,217 127,366
123000 BROADCOM INC SR 4.55% 02/15/2032 CALLABLE 122,990 123,343
125000 CELANESE US HOLDINGS 7.05% 11/15/2030 CALLABLE 124,529 131,710
131000 CHARTER COMMUNICATION 4.4% 04/01/2033 123,543 123,411
122000 CITIGROUPCITIGROUP INC VAR 12/31/2099 CALLABLE 129,167 127,919
127000 COMMONSPIRIT HEALTH BD DTD 08/21/2019 3.347% 10/01/2029 CALLABLE 127,000 122,729
118000 CVS HEALTH 5.25% 02/21/2033 CALLABLE 121,520 121,490
121000 DELTA AIR LINES 5.25% 07/10/2030 CALLABLE 121,987 124,336
113000 DOMINION ENERGY INC JR SB VAR 06/01/2054 CALLABLE 119,459 122,351
113000 ENERGY TRANSFER L P SR 6.55% 12/01/2033 CALLABLE 119,087 123,851
120000 EXELON CORP JR SB GLBL NT VAR 03/15/2055 CALLABLE 119,550 124,865
117000 GENERAL MOTORS FINL CO 5.8% 06/23/2028 CALLABLE 114,598 121,240
125000 GOLDMAN SACHS VAR 12/31/2099 CALLABLE 125,436 129,989
121000 HUNTINGTON BANCSHARES VAR 02/02/2035 CALLABLE 126,201 126,395
129000 HYATT HOTELS CORP 5.75% 03/30/2032 CALLABLE 129,304 135,152
114000 JBS USA LUX 6.75% 03/15/2034 CALLABLE 125,904 125,947
118000 KRAFT HEINZ FOODS CO 5.4% 03/15/2035 CALLABLE 121,387 121,234
133000 MGM RESORTS 4.75% 10/15/2028 CALLABLE 129,509 132,681
116000 REGAL REXNORD 6.3% 02/15/2030 CALLABLE 120,962 122,944
125000 ROYAL CARIBBEAN 5.375% 01/15/2036 CALLABLE 125,768 125,524
127000 SLM CORP SR NT 6.5% 01/31/2030 CALLABLE 127,986 131,453
141000 SM ENERGY COMPANY SR 6.5% 07/15/2028 CALLABLE 139,918 142,526
140000 SONOCO PRODS CO SR 2.85% 02/01/2032 CALL 136,645 126,232
120000 SOUTHWESTERN ENERGY CO 5.375% 03/15/2030 CALLABLE 114,672 121,631
122000 TEVA PHARMACEUTICAL 6.15% 02/01/2036 DTD 01/31/2006 124,345 128,088
111000 WELLS FARGO VAR 12/31/2099 CALLABLE 117,607 118,394

TY 2025 InvestmentsCorpStockSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Name of Stock End of Year Book Value End of Year Fair Market Value
3300 HOME DEPOT INC 449,534 1,135,530
3700 MICROSOFT CORP 698,528 1,789,394
7250 PROCTER & GAMBLE CO 575,068 1,038,998
1000 VERTEX PHARMACEUTICALS INC 453,104 453,360
8000 CARRIER GLOBAL CORPORATION COM 483,190 422,720
132946.181 AMG RIVER ROAD SELECT VALUE FUND CL I 1,197,086 1,321,485
8000 AMAZON.COM INC 690,441 1,846,560
9000 TJX COS INC NEW COM 509,996 1,382,490
2500 MASTERCARD INC CL A 222,305 1,427,200
9000 ABBOTT LABORATORIES 378,118 1,127,610
500 ELI LILLY & CO COM 367,796 537,340
6000 JOHNSON & JOHNSON COM 592,422 1,241,700
7500 APTARGROUP INC 509,011 914,700
4200 AUTOMATIC DATA PROCESSING INC 350,938 1,080,366
4000 CANADIAN NATL RY CO COM 229,871 395,400
5000 DANAHER CORPORATION COM 369,145 1,144,600
3000 ROCKWELL AUTOMATION INC COM 322,728 1,167,210
9000 RTX CORPORATION COM 526,022 1,650,600
15000 SCHNEIDER ELEC ADR 518,776 824,018
7500 XYLEM INC 319,351 1,021,350
7000 ADVANCED MICRO DEVICES INC COM 215,237 1,499,120
9000 ALPHABET INC CL A 247,759 2,817,000
5500 ANALOG DEVICES INC COM 362,322 1,491,600
7500 APPLE INC COM 176,921 2,038,950
1400 APPLIED MATERIALS INC 217,360 359,786
8500 FISERV INC COM 377,010 570,945
15500 NVIDIA CORPORATION COM 17,767 2,890,750
74670.224 ADVISORS INNER CIRCLE FD III GQG PRTN INSTL 1,033,205 1,329,130
93041.316 DODGE & COX FDS INTL STK I 852,921 1,531,460
30136.305 FPA CRESCENT FUND 1,004,746 1,298,874
91390.134 ROBECO BOSTON PARTNERS LONG/SHORT RESEARCH FUND 1,359,480 1,283,117

TY 2025 InvestmentsGovtObligationsSch
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
US Government Securities - End of Year Book Value:

12,327,407
US Government Securities - End of Year Fair Market Value:

11,933,557
State & Local Government Securities - End of Year Book Value:


210,000
State & Local Government Securities - End of Year Fair Market Value:


194,334


TY 2025 OtherExpensesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ADR FEES 16 16   0


TY 2025 OtherIncreasesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Description Amount
ADJUSTMENT 29,523


TY 2025 OtherProfessionalFeesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
GW&K INVESTMENT MANAGEMENT FEES 31,693 31,693   0
HEMENWAY TRUST COMPANY INVESTMENT MANAGEMENT 124,842 124,842   0
HEMENWAY & BARNES LLP GRANT ADMINISTRATION 187,263 0   187,263
CONSULTING FEES 920 460   460


TY 2025 TaxesSchedule
Name:
THE JACK SATTER FOUNDATION
 
C/O HEMENWAY TRUST COMPANY
EIN:
65-6316190
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXCISE TAX PAID 23,927 0   0
EXCISE TAX PAID -ESTIMATES 64,040 0   0