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
HURDLE HILL FOUNDATION
C/O WOODSTOCK SERVICES CO LLC
Number and street (or P.O. box number if mail is not delivered to street address) 21 CUSTOM HOUSE ST 5TH FLOOR
  Room/suite
City or town
BOSTON
State or province
MA
Country  
ZIP or foreign postal code
02110
A Employer identification number

04-6012782
B Telephone number (see instructions)

6172270600
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)$1,584,501J 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) 284,785
2 Check .................
3 Interest on savings and temporary cash investments 23 23  
4 Dividends and interest from securities... 15,311 15,311  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 91,985
b Gross sales price for all assets on line 6a 320,727
7 Capital gain net income (from Part IV, line 2)... 232,904
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........ 392,104 248,238  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,000 3,333   1,667
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
13,478 8,984   4,494
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
6,332 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
373 74   299
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 25,183 12,391   6,460
25 Contributions, gifts, grants paid....... 271,200 271,200
26 Total expenses and disbursements. Add lines 24 and 25 ................ 296,383 12,391   277,660
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 95,721
b Net investment income (if negative, enter -0-) 235,847
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............. 13,640 -1 -1
2 Savings and temporary cash investments......... 30,279 53,255 53,255
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)      
b Investments—corporate stock (attach schedule)....... 744,837 Click to see attachment
List of Attached Documents:
// Content
832,175 		1,531,247
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)..........      
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) 788,756 885,429 1,584,501
Liabilities 17 Accounts payable and accrued expenses..........   952
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)......... 0 952
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........ 788,756 884,477
27 Paid-in or capital surplus, or land, bldg., and equipment fund 0 0
28 Retained earnings, accumulated income, endowment, or other funds 0 0
29 Total net assets or fund balances (see instructions)..... 788,756 884,477
30 Total liabilities and net assets/fund balances (see instructions). 788,756 885,429
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
788,756
2
Enter amount from Part I, line 27a .....................
2
95,721
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
884,477
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
884,477
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 797 SHS OMNIAB INC COM, OABI, 68218J103 P 2024-11-05 2025-10-01
b 129 SHS OMNIAB INC COM, OABI, 68218J103 P 2024-11-05 2025-10-02
c 286 SHS OMNIAB INC COM, OABI, 68218J103 P 2024-11-05 2025-10-03
d 188 SHS OMNIAB INC COM, OABI, 68218J103 P 2024-11-05 2025-10-06
e 27 SHS REGENERON PHARMACEUTICALS INC, REGN, 75886F107 P 2024-11-05 2025-05-05
60 SHS FISERV INC COM STK USD0.01, FISV, XXX-XX-XXXX P 2021-06-10 2025-01-16
104 SHS NVIDIA CORPORATION COM, NVDA, 67066G104 D 2022-11-04 2025-01-16
4 SHS NVIDIA CORPORATION COM, NVDA, 67066G104 D 2018-12-04 2025-02-18
156 SHS NVIDIA CORPORATION COM, NVDA, 67066G104 D 2022-11-04 2025-02-18
300 SHS NVIDIA CORPORATION COM, NVDA, 67066G104 D 2018-12-04 2025-10-23
90 SHS NVIDIA CORPORATION COM, NVDA, 67066G104 D 2018-12-04 2025-11-10
95 SHS NVIDIA CORPORATION COM, NVDA, 67066G104 D 2018-12-04 2025-11-20
85 SHS NVIDIA CORPORATION COM, NVDA, 67066G104 D 2018-12-04 2025-12-19
1119 SHS OMNIAB INC COM, OABI, 68218J103 P 2023-10-04 2025-09-29
1000 SHS OMNIAB INC COM, OABI, 68218J103 P 2024-03-20 2025-09-29
1183 SHS OMNIAB INC COM, OABI, 68218J103 P 2023-10-04 2025-09-30
1698 SHS OMNIAB INC COM, OABI, 68218J103 P 2023-10-04 2025-10-01
151 SHS RTX CORPORATION COM USD1.00, RTX, 75513E101 P 2020-01-28 2025-12-02
115 SHS ABBOTT LABORATORIES, ABT, XXX-XX-XXXX D 1973-10-17 2025-05-07
189 SHS ABBOTT LABORATORIES, ABT, XXX-XX-XXXX D 1973-10-17 2025-05-07
5 SHS INTUITIVE SURGICAL INC, ISRG, 46120E602 P 2009-04-15 2025-02-18
150 SHS MERCK &CO. INC COM, MRK, 58933Y105 P 1989-11-03 2025-02-18
35 SHS MICROSOFT CORP, MSFT, XXX-XX-XXXX D 1993-09-09 2025-05-07
26 SHS OREILLY AUTOMOTIVE INC COM, ORLY, 67103H107 D 2011-02-15 2025-01-16
70 SHS PEPSICO INC, PEP, XXX-XX-XXXX P 1999-12-22 2025-05-05
20 SHS STATE STREET CORP, STT, XXX-XX-XXXX D 1969-01-01 2025-11-20
REATA PHARMACEUTICALS CLASS ACTION P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 1,289   3,594 -2,305
b 207   582 -375
c 458   1,290 -832
d 305   848 -543
e 16,389   22,373 -5,984
12,412   6,578 5,834
14,179   1,444 12,735
554   16 538
21,610   2,166 19,444
54,499   1,179 53,320
17,538   354 17,184
18,413   373 18,040
15,345   334 15,011
1,779   5,809 -4,030
1,590   5,310 -3,720
1,876   6,142 -4,266
2,745   8,815 -6,070
25,436   14,710 10,726
15,271   26 15,245
25,098   43 25,055
2,999   66 2,933
12,446   1,731 10,715
15,208   82 15,126
31,316   1,487 29,829
9,285   2,470 6,815
2,323   1 2,322
157     157
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       -2,305
b       -375
c       -832
d       -543
e       -5,984
      5,834
      12,735
      538
      19,444
      53,320
      17,184
      18,040
      15,011
      -4,030
      -3,720
      -4,266
      -6,070
      10,726
      15,245
      25,055
      2,933
      10,715
      15,126
      29,829
      6,815
      2,322
      157
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 2 232,904
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 3,278
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 3,278
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 3,278
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 4,000
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 4,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10 722
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax722 Refunded 11 0
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 ofWOODSTOCK SERVICES CO LLC Telephone no. (617) 227-0600

Located at21 CUSTOM HOUSE ST 5TH FLOORBOSTONMA ZIP+402110
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
HENRY P PHIPPEN TRUSTEE
2.00 		0 0 0
C/O AGAWAM TRUST MANAGEMENT CO
BOSTON,MA02110
WILLIAM L PHIPPEN TRUSTEE
0.50 		0 0 0
C/O AGAWAM TRUST MANAGEMENT CO
BOSTON,MA02110
PETER D PHIPPEN TRUSTEE
0.25 		0 0 0
C/O AGAWAM TRUST MANAGEMENT CO
BOSTON,MA02110
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
1,448,297
b
Average of monthly cash balances.......................
1b
34,126
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
1,482,423
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
1,482,423
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
22,236
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,460,187
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
73,009
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
73,009
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
3,278
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,278
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
69,731
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
69,731
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
69,731
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
277,660
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
277,660
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 69,731
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...... 40,332
b From 2021...... 30,630
c From 2022...... 21,518
d From 2023...... 51,687
e From 2024...... 110,604
f Total of lines 3a through e ........ 254,771
4Qualifying distributions for 2025 from Part
XI, line 4: $ 277,660
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..... 69,731
e Remaining amount distributed out of corpus 207,929
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 5 462,700
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) ... 		40,332
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		422,368
10 Analysis of line 9:
a Excess from 2021 .... 30,630
b Excess from 2022 .... 21,518
c Excess from 2023 .... 51,687
d Excess from 2024 .... 110,604
e Excess from 2025 .... 207,929
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).)
HENRY P PHIPPEN
WILLIAM L PHIPPEN
PETER D PHIPPEN
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

ABORTION RIGHTS FUND OF WESTERN MA

PO BOX 2162
AMHERST,MA01004 		NONE   HEALTH 5,000

ACCORD FOOD PANTRY

69 WILLOW ST
HAMILTON,MA01982 		NONE   SOCIAL 1,700

ALL OUT ADVENTURES

297 PLEASANT STREET
NORTHAMPTON,MA01060 		NONE   SOCIAL 6,000

AMAZON FRONTLINE

PO BOX 151538
SAN RAFAEL,CA94915 		NONE   ENVIRONMENTAL 1,000

ASSUMPTION GREEK ORTHODOX CHURCH

111 ISLAND POND ROAD
MANCHESTER,NH03109 		NONE   RELIGIOUS 750

BEVERLY BOOTSTRAPS

221 CABOT ST
BEVERLY,MA01915 		NONE   HUMANITARIAN 750

BEVERLY EDUCATION FOUNDATION

PO BOX 407
BEVERLY,MA01915 		NONE   EDUCATIONAL 200

BEVERLY HOSPITAL

85 HERRICK STREET
BEVERLY FARMS,MA01915 		NONE   MEDICAL 500

BOSTON SYMPHONY ORCHESTRA

301 MASSACHUSETTS AVE
BOSTON,MA02115 		NONE   SOCIAL 1,000

CABOT CINEMA

286 CABOT STREET
BEVERLY,MA01915 		NONE   SOCIAL 500

CAMFED

466 GEARY STREET SUITE 400
SAN FRANCISCO,CA94102 		NONE   EDUCATION 1,000

CAPE ANN ANIMAL AID

4 PAWS LANE
GLOUCESTER,MA01930 		NONE   HUMANITARIAN 1,000

CHILDRENS ADVOCACY CENTER

989 COMMONWEALTH AVE
BOSTON,MA02215 		NONE   HUMANITARIAN 1,000

CHRIST CHURCH OF HAMILTON AND WENHAM

149 ASHBURY ST
SOUTH HAMILTON,MA01982 		NONE   RELIGIOUS 1,000

COMMUNITY INVOLVED IN SUSTAINING AGRICULTURE (CISA)

1 SUGARLOAF STREET
SOUTH DEERFIELD,MA01373 		NONE   ENVIRONMENTAL 4,000

DOCTORS WITHOUT BORDERS

333 7TH AVE - 2ND FLOOR
NEW YORK,NY100015004 		NONE   MEDICAL 500

ESSEX COUNTY GREENBELT ASSOCIATION

82 EASTERN AVE
ESSEX,MA01929 		NONE   CONSERVATION 27,750

ESSEX COUNTY TRAILS ASSN

162 MAIN STREET STE 5
WENHAM,MA01984 		NONE   CONSERVATION 750

FARMS-PRIDES COMMUNITY ASSOC

14 OAK ST
BEVERLY,MA01915 		NONE   SOCIAL 100

FIRST UNIVERSALIST CHURCH OF ESSEX

59 MAIN ST
ESSEX,MA01929 		NONE   RELIGIOUS 250

FOS FEMINISTA

125 MAIDEN LANE 9TH FLOOR
NEW YORK,NY10038 		NONE   SOCIAL 5,000

GIRLS INCORPORATED OF LYNN

50 HIGH STREET
LYNN,MA01902 		NONE   SOCIAL 250

GLEN URQUHART SCHOOL

74 HART ST
BEVERLY FARMS,MA01915 		NONE   EDUCATIONAL 500

GLOBE SANTA FUND

PO BOX 845059
BOSTON,MA02284 		NONE   SOCIAL 1,250

GREEN BEVERLY

100 CUMMINGS CENTER SUITE 350-E
BEVERLY,MA01915 		NONE   ENVIRONMENTAL 500

GREEN MOUNTAIN CLUB

1 ELM STREET
BYFIELD,MA01922 		NONE   ENVIRONMENTAL 250

GROW FOOD NORTHAMPTON

221 PINE STREET 349
FLORENCE,MA01062 		NONE   ENVIRONMENTAL 10,000

HAMILTON WENHAM ED FUND

PO BOX 2433
SOUTH HAMILTON,MA01982 		NONE   EDUCATIONAL 600

HEIFER INTERNATIONAL

1 WORLD AVE
LITTLE ROCK,AR72202 		NONE   SOCIAL 950

HELLENIC CARDIAC FUND

5204 WASHINGTON ST
WEST ROXBURY,MA02132 		NONE   HEALTH 250

HISTORIC NORTHAMPTON

46 BRIDGE STREET
NORTHAMPTON,MA01060 		NONE   CONSERVATION 4,000

IPSWICH RIVER WATERSHED ASSOCIATION INC

240 COUNTY RD
IPSWICH,MA01938 		NONE   CONSERVATION 4,000

JAFUTA FOUNDATION

525 BIGHAM KNOLL
JACKSONVILLE,OR97530 		NONE   EDUCATIONAL 250

KESTRAL LAND TRUST

37 BAY ROAD
AMHERST,MA01002 		NONE   CONSERVATION 3,000

MAD RIVER PATH ASSOCIATION

4061 MAIN ST
WAITSFIELD,VT05673 		NONE   CONSERVATION 250

MAD RIVER VALLEY COMMUNITY FUND

5223 MAIN ST
WAITSFIELD,VT05673 		NONE   SOCIAL 1,000

MARY BAKER EDDY LIBRARY

200 MASSACHUSETTS AVE
BOSTON,MA02115 		NONE   EDUCATIONAL 100

MASSACHUSETTS AUDUBON SOCIETY

208 SOUTH GREAT RD
LINCOLN,MA01773 		NONE   CONSERVATION 4,700

NATIONAL NETWORK OF ABORTION FUNDS

9450 SW GEMINI DRIVE
BEAVERTON,OR97008 		NONE   MEDICAL 5,500

NATURAL RESOURCES DEFENSE COUNCIL

40 WEST 20TH STREET 11 FLOOR
NEW YORK,NY10011 		NONE   ENVIRONMENTAL 5,000

NORTH SHORE MEDICAL CENTER

81 HIGHLAND AVE
SALEM,MA01970 		NONE   MEDICAL 350

NORTH SHORE NORDIC ASSOCIATION

PO BOX 2101
SOUTH HAMILTON,MA01980 		NONE   SOCIAL 250

NOTRE DAME CONFERENCE CENTER

45 MCKENNA HALL
NOTRE DAME,IN46556 		NONE   EDUCATIONAL 1,000

PATHWAYS FOR CHILDREN INC

29 EMERSON AVENUE
GLOUCESTER,MA01930 		NONE   EDUCATIONAL 250

PEABODY ESSEX MUSEUM

161 ESSEX ST E INDIA SQUARE
SALEM,MA01970 		NONE   CULTURAL 1,250

PEACE DEVELOPMENT FUND

PO BOX 1280
AMHERST,MA01004 		NONE   SOCIAL 1,000

PINGREE SCHOOL

537 HIGHLAND AVE
SOUTH HAMILTON,MA01982 		NONE   EDUCATIONAL 1,500

PLACE

729 N WASHINGTON AVE
MINNEAPOLIS,MN55401 		NONE   EDUCATIONAL 1,000

PLANNED PARENTHOOD FEDERATION OF AMERICA

1055 COMMONWEALTH AVE
BOSTON,MA02215 		NONE   MEDICAL 11,000

PLANNED PARENTHOOD LEAGUE OF MASSACHUSETTS

1055 COMMONWEALTH AVE
BOSTON,MA02215 		NONE   MEDICAL 1,200

SAVE THE CHILDREN

501 KINGS HIGHWAY EAST
FAIRFIELD,CT06825 		NONE   SOCIAL 250

SEASIDE SUSTAINABILITY

127 EASTERN AVE
GLOUCESTER,MA01930 		NONE   CONSERVATION 750

SENIOR CARE INC

100 CUMMINGS CENTER
BEVERLY,MA01915 		NONE   SOCIAL 500

SIERRA CLUB FOUNDATION

2101 WEBSTER STREET STE 1250
OAKLAND,CA94612 		NONE   ENVIRONMENTAL 5,500

SKATIUM RECREATION CENTER

PO BOX 154
WAITSFIELD,VT05673 		NONE   SOCIAL 1,000

SOUTHERN ENVIRONMENTAL LAW CENTER

120 GARRET STREET SUITE 400
CHARLOTTESVILLE,VA22902 		NONE   ENVIRONMENTAL 1,000

THE ALUMNAE FUND OF SMITH COLLEGE

76 ELM STREET
NORTHAMPTON,MA01063 		NONE   EDUCATION 500

THE FIRST CHURCH OF CHRIST SCIENTIST

210 MASSACHUSETTS AVE
BOSTON,MA02115 		NONE   RELIGIOUS 100

THE FOOD PROJECT

112 SOHIER RD
BEVERLY,MA01915 		NONE   SOCIAL 2,000

THE GOVERNOR'S ACADEMY

1 ELM STREET
BYFIELD,MA01922 		NONE   EDUCATIONAL 2,000

THE GREATER BOSTON FOOD BANK

70 SOUTH BAY AVE
BOSTON,MA02118 		NONE   SOCIAL 200

THE TOWN OF WENHAM - VETERANS WAR MEMORIAL

63 NORTH ST
ANDOVER,NH03216 		NONE   CULTURAL 100

THE TRUSTEES OF RESERVATIONS

572 ESSEX STREET
BEVERLY,MA01915 		NONE   CONSERVATION 4,950

UNICEF USA

125 MAIDEN LANE
NEW YORK,NY10038 		NONE   SOCIAL 250

UNITED WAY OF CENTRAL NORTH SHORE

484 MAIN ST
WORCESTER,MA01608 		NONE   SOCIAL 500

VERMONT ADAPTIVE SKI AND SPORTS

79 ALPINE DRIVE
KILLINGTON,VT05751 		NONE   RECREATIONAL 100

VERMONT LAND TRUST

8 BAILEY AVE
MONTPELIER,VT05602 		NONE   CONSERVATION 250

VERMONT MOUNTAIN BIKERS ASSOCIATION

PO BOX 2085
WILLISTON,VT05407 		NONE   SOCIAL 250

VICTORIA FALLS WILDLIFE TRUST

PO BOX 23183
SAN DIEGO,CA92193 		NONE   ENVIRONMENTAL 500

WENHAM HISTORICAL ASSOCIATION AND MUSEUM

132 MAIN ST
WENHAM,MA01984 		NONE   CULTURAL 3,850

WILDLIFE PROTECTION SOLUTIONS

5399 CO-93
GOLDEN,CO80403 		NONE   CONSERVATION 1,000

WINDRUSH FARM

30 BROOKVIEW RD
BOXFORD,MA01921 		NONE   RECREATIONAL 3,350

AMERICAN RED CROSS

139 MAIN STREET
CAMBRIDGE,MA02142 		NONE   HEALTH 500

BREAKTHROUGH T1D

200 VESEY STREET 28TH FL
NEW YORK,NY10281 		NONE   SOCIAL 1,000

BROOKWOOD SCHOOL

PO BOX 1429
MANCHESTER,MA01944 		NONE   EDUCATION 200

CAMBRIDGE REPRODUCTIVE HEALTH CONSULTANTS

1770 MASSACHUSETTS AVENUE SUITE 181
CAMBRIDGE,MA02140 		NONE   HEALTH 7,000

CAPE ANN FOOD PANTRY

128 EMERSON AVENUE
GLOUCESTER,MA01930 		NONE   SOCIAL 500

CENTER FOR BIOLOGICAL DIVERSITY

PO BOX 710
TUCSON,AZ85702 		NONE   ENVIRONMENTAL 4,000

CENTER FOR NEW AMERICANS

42 GOTHIC STREET
NORTHAMPTON,MA01060 		NONE   SOCIAL 2,000

CENTER FOR PLANT CONSERVATION

15600 SAN PASQUAL VALLEY ROAD
ESCONDIDO,CA92027 		NONE   ENVIRONMENTAL 500

ESSEX NATIONAL HERITAGE COMMISSION

10 FEDERAL STREET 12
SALEM,MA01970 		NONE   CULTURAL 250

EXPRESS YOURSELF

6 ELLIS STREET
PEABODY,MA01960 		NONE   SOCIAL 200

GREENPEACE USA

702 H STREET SUITE 300
WASHINGTON,DC20001 		NONE   ENVIRONMENTAL 500

HARTWICK COLLEGE

PO BOX 4020
ONEONTA,NY13870 		NONE   EDUCATIONAL 500

HILLTOWN LAND TRUST

332 BULLITT ROAD
ASHFIELD,MA01330 		NONE   ENVIRONMENTAL 3,000

KENYA CONNECT DIRECT

MARSHALEE DRIVE 208
ELDRIDGE,MD21075 		NONE   SOCIAL 1,000

MAKE-A-WISH FOUNDATION

133 FEDERAL STREET 2ND FLOOR
BOSTON,MA02110 		NONE   SOCIAL 1,000

MASSACHUSETTS GENERAL HOSPITAL

125 NASHUA STREET SUITE 540
BOSTON,MA02114 		NONE   HEALTH 19,500

MERRIMACK COLLEGE

315 TURNPIKE ST
NORTH ANDOVER,MA01845 		NONE   EDUCATIONAL 10,000

MOUNT GRACE LAND TRUST

1461 OLD KEENE ROAD
ASHFIELD,MA01331 		NONE   CONSERVATION 3,000

NATIONAL IMMIGRATION LAW CENTER

PO BOX 743013
LOS ANGELES,CA90074 		NONE   SOCIAL 5,000

NATIONAL MULTIPLE SCLEROSIS SOCIETY

101A FIRST AVENUE
WALTHAM,MA02154 		NONE   HEALTH 500

NEW ENGLAND PUBLIC MEDIA

44 HAMPDEN STREET
SPRINGFIELD,MA01103 		NONE   SOCIAL 1,000

OGDEN VALLEY LAND TRUST

PO BOX 412
HUNTSVILLE,UT84317 		NONE   CONSERVATION 6,500

PIONEER VALLEY HABITAT FOR HUMANITY

PO BOX 60642 140 PINE STREET
FLORENCE,MA01062 		NONE   SOCIAL 1,000

PROCTOR ACADEMY

PO BOX 500
ANDOVER,NH03216 		NONE   EDUCATIONAL 21,000

PROJECT BREAD

145 BORDER STREET
EAST BOSTON,MA02128 		NONE   SOCIAL 500

SOUL FIRE FARM

1972 NY HWY 2
PETERSBURGH,NY12138 		NONE   SOCIAL 3,000

SOUTHERN UTAH WILDERNESS ALLIANCE

425 EAST 100 SOUTH
SALT LAKE CITY,UT84111 		NONE   CONSERVATION 5,000

TAPESTRY HEALTH SYSTEMS INC

1985 MAIN STREET 2ND FLOOR SUITE
202
SPRINGFIELD,MA01103 		NONE   HEALTH 4,000

THE 200 FOUNDATION

PO BOX 728
HOPKINTON,MA01748 		NONE   SOCIAL 500

THE NATURE CONSERVANCY

4245 N FAIRFAX DRIVE
ARLINGTON,VA22203 		NONE   CONSERVATION 1,500

THE TRUSTEES

200 HIGH ST 4TH FL
BOSTON,MA02110 		NONE   CONSERVATION 5,000

UNITED WAY OF MASSACHUSETTS BAY

PO BOX 51381
BOSTON,MA02205 		NONE   SOCIAL 250

WBUR

890 COMMONWEALTH AVENUE 3RD FL
BOSTON,MA02215 		NONE   SOCIAL 5,000

WELLSPRING HOUSE

302 ESSEX AVENUE
GLOUCESTER,MA01930 		NONE   SOCIAL 500

WERS

120 BOYLSTON STREET
BOSTON,MA02116 		NONE   SOCIAL 1,000

WGBH

ONE GUEST STREET
BOSTON,MA02135 		NONE   SOCIAL 5,000

WORLD WILDLIFE FUND

1250 24TH STREET NW
WASHINGTON,DC20037 		NONE   CONSERVATION 500
Total ................................. 3a 271,200
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 23  
4 Dividends and interest from securities ....     14 15,311  
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 91,985  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aIRS CHECK 		         
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 107,319 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
107,319
(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
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
HURDLE HILL FOUNDATION
C/O WOODSTOCK SERVICES CO LLC
Employer identification number

04-6012782
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025) Page 2
Name of organization
HURDLE HILL FOUNDATION
C/O WOODSTOCK SERVICES CO LLC 		Employer identification number
04-6012782
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
WILLIAM L PHIPPEN
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 44,572


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
DAVID O PHIPPEN
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 30,403


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
ANNE W PHIPPEN
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 16,365


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
JOANNA L PHIPPEN
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 20,845


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
HENRY P PHIPPEN
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 24,976


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
6
PETER D PHIPPEN
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 23,224


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
HURDLE HILL FOUNDATION
C/O WOODSTOCK SERVICES CO LLC 		Employer identification number
04-6012782
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
7
SUSANNA L MANGINIS
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 2,427


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
8
CHRISTOPHER K MANGINIS
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 511


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
9
EDITH M PHIPPEN
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 115,898


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
10
EMMA B PHIPPEN
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 1,548


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
11
ELEANOR H PHIPPEN
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 834


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
12
ADAM P PHIPPEN
WOODSTOCK SERVICES CO LLC 21 CUSTOM
 
BOSTON, MA02110

$ 3,182


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
HURDLE HILL FOUNDATION
C/O WOODSTOCK SERVICES CO LLC 		Employer identification number

04-6012782
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 30 SHS NVIDIA CORPORATION $ 5,458 2025-10-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
1
 215 SHS NVIDIA CORPORATION $ 39,114 2025-10-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 115 SHS ABBOTT LABORATORIES $ 15,197 2025-05-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
2
 35 SHS MICROSOFT CORPORATION $ 15,206 2025-05-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 10 SHS MICROSOFT CORPORATION $ 5,114 2025-10-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
3
 22 SHS MICROSOFT CORPORATION $ 11,251 2025-10-17
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
HURDLE HILL FOUNDATION
C/O WOODSTOCK SERVICES CO LLC 		Employer identification number

04-6012782
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
4
 100 SHS NVIDIA CORPORATION $ 20,845 2025-11-03
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
5
 189 SHS ABBOTT LABORATORIES $ 24,976 2025-05-06
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
6
 125 SHS NVIDIA CORPORATION $ 23,224 2025-11-14
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
7
 20 SHS STATE STREET $ 2,427 2025-11-12
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
8
 1 SHS MICROSOFT CORPORATION $ 511 2025-10-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
9
 36 SHS OREILLY AUTOMOTIVE $ 43,260 2025-01-10
Schedule B (Form 990) (Rev. 1-2025)
Name of organization
HURDLE HILL FOUNDATION
C/O WOODSTOCK SERVICES CO LLC 		Employer identification number

04-6012782
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
9
 12 SHS OREILLY AUTOMOTIVE $ 15,699 2025-03-17
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
9
 43 SHS ALPHABET CL C $ 13,900 2025-11-25
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
9
 314 SHS NVIDIA CORPORATION $ 43,040 2025-01-10
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
10
 13 SHS STATE STREET $ 1,548 2025-12-02
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
11
 7 SHS STATE STREET $ 834 2025-12-02
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
12
 10 SHS ALPHABET CL C $ 3,182 2025-12-03
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
HURDLE HILL FOUNDATION
C/O WOODSTOCK SERVICES CO LLC 		Employer identification number

04-6012782
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2025 AccountingFeesSchedule
Name:
HURDLE HILL FOUNDATION
 
C/O WOODSTOCK SERVICES CO LLC
EIN:
04-6012782
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING SERVICES 5,000 3,333   1,667

TY 2025 InvestmentsCorpStockSchedule
Name:
HURDLE HILL FOUNDATION
 
C/O WOODSTOCK SERVICES CO LLC
EIN:
04-6012782
Name of Stock End of Year Book Value End of Year Fair Market Value
435 SHS ABBOTT LABORATORIES 52,685 54,501
253 SHS ALPHABET INC CL C 19,400 79,391
200 SHS ALPHABET INC CL A 2,317 62,600
50 SHS AUTOMATIC DATA PROCESSING 2,348 12,862
75 SHS BERKSHIRE HATHAWAY INC CLB 12,767 37,699
100 SHS ECOLAB INC 4,564 26,252
300 SHS EXXON MOBIL CORP 19,238 36,102
45 SHS ILLINOIS TOOL WORKS 5,088 11,084
115 SHS INTUITIVE SURGICAL INC 1,514 65,131
95 SHS MCDONALDS CORP 24,300 29,035
269 SHS MICROSOFT CORP 97,873 130,094
1080 SHS OREILLY AUTOMOTIVE INC 64,175 98,507
70 SHS PEPSICO 4,074 10,046
500 SHS FORTINET 4,003 39,705
250 SHS APPLE INC 12,544 67,965
750 SHS BANK OF AMERICA 21,070 41,250
60 SHS HOME DEPOT INC 11,312 20,646
65 SHS LIGAND PHARMACEUTICALS 9,648 12,290
105 SHS VISA INC CL A 16,823 36,825
38 SHS ABBVIE INC 3,200 8,683
750 SHS APA CORP 7,155 18,345
40 SHS COSTCO WHOLESALE CORP 18,735 34,494
300 SHS DISNEY WALT CO 31,758 34,131
200 SHS SYSCO CORP 14,485 14,738
450 SHS WALMART INC 25,893 50,135
150 SHS APPLIED MATERIALS INC 21,003 38,549
140 SHS FISERV INC 15,350 9,404
200 SHS AMAZON.COM INC 25,780 46,164
830 SHS NVIDIA CORPORATION 91,829 154,795
150 SHS SOUTHERN CO 9,641 13,080
150 SHS FLOWSERVE CORPORATION 5,762 10,407
415 SHS SHELL PLC 26,342 30,494
140 SHS HERSHEY COMPANY 27,704 25,477
250 SHS TRACTOR SUPPLY CO 13,712 12,503
55 SHS IDEXX LABORATORIES 22,804 37,209
150 SHS ZSCALER INC 28,114 33,738
145 SHS JPMORGAN CHASE & CO 28,242 46,722
20 SHS STATE STREET CORPORATION 2,382 2,580
35 SHS ELI LILLY AND COMPANY 26,541 37,614

TY 2025 OtherExpensesSchedule
Name:
HURDLE HILL FOUNDATION
 
C/O WOODSTOCK SERVICES CO LLC
EIN:
04-6012782
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MA FORM PC FILING FEE 70 0   70
NEW CHECKS 229 0   229
BANK SERVICE CHARGE 74 74   0


TY 2025 OtherProfessionalFeesSchedule
Name:
HURDLE HILL FOUNDATION
 
C/O WOODSTOCK SERVICES CO LLC
EIN:
04-6012782
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TRUSTEES FEES 13,478 8,984   4,494


TY 2025 TaxesSchedule
Name:
HURDLE HILL FOUNDATION
 
C/O WOODSTOCK SERVICES CO LLC
EIN:
04-6012782
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
1ST QTR 2025 FEDERAL EXCISE EST TAX 1,000 0   0
2ND QTR 2025 FEDERAL EXCISE EST TAX 1,000 0   0
3RD QTR 2025 FEDERAL EXCISE EST TAX 1,000 0   0
4TH QTR 2025 FEDERAL EXCISE EST TAX 1,000 0   0
2024 BALANCE DUE FEDERAL EXCISE 2,332 0   0