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 08 - 01 2025, and ending 07 - 31, 20 26
Name of foundation
MELVIN S CUTLER CHARITABLE FOUNDATION
C/O GREENBERGROSENBLATT KULL & BITSOLI
Number and street (or P.O. box number if mail is not delivered to street address) 306 MAIN STREET 400
  Room/suite
City or town
WORCESTER
State or province
MA
Country  
ZIP or foreign postal code
016150034
A Employer identification number

04-2733957
B Telephone number (see instructions)

5087910901
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)$18,283,608J 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) 0
2 Check .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 568,591 568,591  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 771,344
b Gross sales price for all assets on line 6a 4,627,702
7 Capital gain net income (from Part IV, line 2)... 903,380
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)....... Click to see attachment
List of Attached Documents:
// Content
5,318 5,318  
12 Total. Add lines 1 through 11........ 1,345,253 1,477,289  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 26,600 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
12,699 12,699   0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
60,881 60,881   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
50,009 2,103   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
1,598 681   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 151,787 76,364   0
25 Contributions, gifts, grants paid....... 502,930 502,930
26 Total expenses and disbursements. Add lines 24 and 25 ................ 654,717 76,364   502,930
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 690,536
b Net investment income (if negative, enter -0-) 1,400,925
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......... 284,171 784,133 784,133
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) 100,000
Less: allowance for doubtful accounts 0 100,000 100,000 100,000
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 1,035,897 Click to see attachment
List of Attached Documents:
// Content
447,552 		451,057
b Investments—corporate stock (attach schedule)....... 9,584,152 Click to see attachment
List of Attached Documents:
// Content
10,565,002 		13,838,829
c Investments—corporate bonds (attach schedule)....... 1,461,517 Click to see attachment
List of Attached Documents:
// Content
1,421,407 		1,479,285
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,780,119 Click to see attachment
List of Attached Documents:
// Content
1,647,824 		1,626,068
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe ) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
4,236 		Click to see attachment
List of Attached Documents:
// Content
4,236
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 14,245,856 14,970,154 18,283,608
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 ) Click to see attachment
List of Attached Documents:
// Content
7,479 		Click to see attachment
List of Attached Documents:
// Content
41,891
23 Total liabilities (add lines 17 through 22)......... 7,479 41,891
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........ 14,238,377 14,928,263
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)..... 14,238,377 14,928,263
30 Total liabilities and net assets/fund balances (see instructions). 14,245,856 14,970,154
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
14,238,377
2
Enter amount from Part I, line 27a .....................
2
690,536
3
Other increases not included in line 2 (itemize)
3
0
4
Add lines 1, 2, and 3 ..........................
4
14,928,913
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
650
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
14,928,263
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 AGNICO EAGLE MINES LIMITED P 2021-04-13 2025-08-05
b AGNICO EAGLE MINES LIMITED P 2021-04-13 2026-04-09
c AGNICO EAGLE MINES LIMITED P 2021-04-13 2025-08-21
d AGNICO EAGLE MINES LIMITED P 2021-04-13 2026-03-30
e AIRBNB INC BOND 0.00% 3/15/2026 (CORP BOND) P 2025-05-21 2026-03-16
AMG CAPITAL TRUST II CONV PFD 5.15% 10/15/2037 P 2025-04-04 2025-12-10
BUNGE LTD/ BUNGE GLOBAL SA P 2021-08-03 2026-06-10
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2025-09-22 2025-09-23
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-10-11 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2025-07-25 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-10-20 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2021-11-12 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-11-17 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2021-12-09 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-12-15 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-02-01 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-12-30 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-03-30 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2023-01-09 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-04-08 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2023-04-05 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-05-10 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2023-04-11 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-06-30 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2023-07-11 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-08-11 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2023-09-13 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-10-03 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2023-10-10 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2021-10-15 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2024-01-09 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-01-10 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2024-04-15 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-04-06 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2025-01-03 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-06-13 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2025-07-01 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-09-29 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2025-07-08 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2021-11-30 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-05-04 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-10-06 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-02-08 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2022-07-08 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2025-07-25 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2025-08-13 2025-09-22
CHIRON REAL ESTATE INCE (FORMALLY GLOBAL MEDICAL REIT INC) P 2025-09-03 2025-09-22
DUKE ENERGY CORP NEW BOND 4.125% 4/15/26 (CORP BOND) P 2024-05-15 2026-02-17
DUKE ENERGY CORP NEW BOND 4.125% 4/15/26 (CORP BOND) P 2024-06-04 2026-02-17
DUKE ENERGY CORP NEW BOND 4.125% 4/15/26 (CORP BOND) P 2024-05-08 2026-02-17
DUKE ENERGY CORP NEW BOND 4.125% 4/15/26 (CORP BOND) P 2024-05-15 2026-02-17
ENERGY TRANSFER LP P 2022-11-21 2026-07-14
ENERGY TRANSFER LP P 2023-06-22 2026-07-14
ENERGY TRANSFER LP P 2024-09-17 2026-07-20
ENERGY TRANSFER LP P 2024-05-20 2026-07-20
ENERGY TRANSFER LP P 2021-03-16 2026-02-19
ENERGY TRANSFER LP P 2023-06-22 2026-07-20
ENERGY TRANSFER LP P 2023-05-22 2026-07-14
ENERGY TRANSFER LP P 2023-02-21 2026-07-14
ENERGY TRANSFER LP P 2021-05-12 2026-05-01
ENERGY TRANSFER LP P 2021-05-12 2026-07-06
ENERGY TRANSFER LP P 2021-05-12 2026-05-15
ENERGY TRANSFER LP P 2021-05-19 2026-07-06
ENERGY TRANSFER LP P 2021-05-12 2026-05-21
ENERGY TRANSFER LP P 2021-05-19 2026-07-08
ENERGY TRANSFER LP P 2024-02-20 2026-07-20
ENERGY TRANSFER LP P 2022-05-19 2026-07-14
ENERGY TRANSFER LP P 2022-08-19 2026-07-14
ENERGY TRANSFER LP P 2021-08-04 2026-07-08
ENERGY TRANSFER LP P 2023-08-21 2026-07-20
ENERGY TRANSFER LP P 2021-12-21 2026-07-08
ENERGY TRANSFER LP P 2021-05-12 2026-05-06
ENERGY TRANSFER LP P 2023-11-20 2026-07-20
ENERGY TRANSFER LP P 2021-03-23 2026-02-19
ENERGY TRANSFER LP P 2021-04-19 2026-05-01
ENERGY TRANSFER LP P 2021-05-12 2026-05-18
ENERGY TRANSFER LP P 2021-12-21 2026-07-14
ENERGY TRANSFER LP P 2022-02-18 2026-07-14
FLAGSTAR FINANCIAL INC (NEW YORK COMMUN BANCORP TR V P 2015-11-13 2026-02-11
FLAGSTAR FINANCIAL INC (NEW YORK COMMUN BANCORP TR V P 2015-08-06 2026-02-05
FLAGSTAR FINANCIAL INC (NEW YORK COMMUN BANCORP TR V P 2015-08-07 2026-02-05
FLAGSTAR FINANCIAL INC (NEW YORK COMMUN BANCORP TR V P 2015-08-06 2026-01-13
FLAGSTAR FINANCIAL INC (NEW YORK COMMUN BANCORP TR V P 2015-08-06 2026-02-04
FLAGSTAR FINANCIAL INC (NEW YORK COMMUN BANCORP TR V P 2015-07-20 2025-12-12
FLAGSTAR FINANCIAL INC (NEW YORK COMMUN BANCORP TR V P 2015-08-06 2026-01-09
FLAGSTAR FINANCIAL INC (NEW YORK COMMUN BANCORP TR V P 2015-08-14 2026-02-05
FLAGSTAR FINANCIAL INC (NEW YORK COMMUN BANCORP TR V P 2015-11-13 2026-02-05
FLAGSTAR FINANCIAL INC (NEW YORK COMMUN BANCORP TR V P 2015-11-13 2026-02-10
FLAGSTAR FINANCIAL INC (NEW YORK COMMUN BANCORP TR V P 2015-08-06 2025-12-12
GUESS INC BOND 3.75% 4/15/2028 (CORP BOND) P 2024-12-19 2025-09-16
GUESS INC BOND 3.75% 4/15/2028 (CORP BOND) P 2025-01-06 2025-09-16
GUESS INC BOND 3.75% 4/15/2028 (CORP BOND) P 2025-01-06 2025-09-16
LEXINGTON REALTY TRUST (LXP) P 2026-04-15 2026-06-16
LEXINGTON REALTY TRUST (LXP) P 2024-05-29 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2021-01-07 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2024-12-19 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2021-03-02 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2024-12-20 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2022-01-18 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2024-12-30 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2022-05-13 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2025-01-02 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2022-09-29 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2025-03-27 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2023-01-17 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2025-07-01 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2023-07-17 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2025-07-29 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2024-01-16 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2025-08-05 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2021-01-12 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2025-11-11 2025-11-12
LEXINGTON REALTY TRUST (LXP) P 2022-04-18 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2026-02-20 2026-06-16
LEXINGTON REALTY TRUST (LXP) P 2022-07-15 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2022-10-17 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2023-10-16 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2021-05-11 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2023-04-17 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2024-04-15 2025-11-11
LEXINGTON REALTY TRUST (LXP) P 2025-11-11 2026-06-16
LEXINGTON REALTY TRUST (LXP) P 2025-11-11 2026-06-16
LEXINGTON REALTY TRUST (LXP) P 2026-01-09 2026-06-16
MANUFACTURERS & TRADERS TR CO 4.5% 12/15/2025 (CD) P 2022-12-19 2025-12-15
MERCK & CO INC P 2021-04-30 2026-06-24
MERCK & CO INC P 2021-04-29 2026-06-24
SLB LIMITED TRADING (SCHLUMBERGER LIMITED COM ) P 2024-10-08 2026-01-06
SLB LIMITED TRADING (SCHLUMBERGER LIMITED COM ) P 2025-01-22 2026-01-06
SLB LIMITED TRADING (SCHLUMBERGER LIMITED COM ) P 2024-12-31 2026-01-06
SLB LIMITED TRADING (SCHLUMBERGER LIMITED COM ) P 2025-01-23 2026-01-06
SLB LIMITED TRADING (SCHLUMBERGER LIMITED COM ) P 2024-11-27 2026-01-06
SLB LIMITED TRADING (SCHLUMBERGER LIMITED COM ) P 2025-01-09 2026-01-06
TIMBERLAND BANCORP INC. P 2016-07-12 2026-06-22
TIMBERLAND BANCORP INC. P 2016-07-12 2026-06-29
TIMBERLAND BANCORP INC. P 2016-07-15 2026-06-29
UBS BK USA SALT LAKE CITY UT 5.1% 9/8/25 (CD) P 2023-09-11 2025-09-08
UNITED STATES TREASURY 0.00% 01/06/2026 P 2025-11-14 2026-01-06
UNITED STATES TREASURY 0.00% 04/14/2026 P 2026-02-18 2026-04-14
UNITED STATES TREASURY 0.00% 05/05/2026 P 2026-03-10 2026-05-05
UNITED STATES TREASURY 0.00% 05/28/2026 P 2026-03-30 2026-05-28
UNITED STATES TREASURY 0.00% 10/23/2025 P 2025-04-28 2025-10-23
UNITED STATES TREASURY 0.00% 11/12/2025 P 2025-09-16 2025-11-12
UNITED STATES TREASURY 0.00% 11/6/2025 P 2025-05-14 2025-11-06
UNITED STATES TREASURY 0.00% 12/02/2025 P 2025-10-07 2025-12-02
UNITED STATES TREASURY 0.00% 7/2/2026 P 2026-04-07 2026-07-02
UNITED STATES TREASURY 0.00% 7/9/2026 P 2026-04-09 2026-07-09
UNITED STATES TREASURY 0.00% 8/26/2025 P 2025-06-27 2025-08-26
UNITED STATES TREASURY 0.00% 8/7/2025 P 2025-02-11 2025-08-07
UNITED STATES TREASURY 0.25% 9/30/2025 P 2024-12-31 2025-09-30
UNITED STATES TREASURY 0.5% 2/28/2026 P 2025-02-26 2026-03-02
UNITED STATES TREASURY 0.5% 2/28/2026 P 2026-01-08 2026-03-02
UNITED STATES TREASURY 2.625% 1/31/2026 P 2025-07-22 2026-02-02
UNITED STATES TREASURY 2.625% 1/31/2026 P 2025-02-05 2026-02-02
UNITED STATES TREASURY 2.625% 1/31/2026 P 2025-07-22 2026-02-02
UNITED STATES TREASURY 4% 02/15/2026 P 2025-12-23 2026-02-17
UNITED STATES TREASURY 4.875% 05/31/2026 P 2025-03-06 2026-06-01
UNITED STATES TREASURY 5.00% 10/31/2025 P 2024-11-12 2025-10-31
ABBVIE INC - DONATED D 2022-12-08 2026-06-29
MERCK & CO INC - DONATED D 2023-08-07 2026-06-29
ISRAEL BOND 9TH JUBILEE 3.85% 8/1/25 P 2015-07-01 2025-08-13
ISRAEL BOND 12TH JUBILEE 4.97% 4/1/26 P 2023-03-30 2026-04-09
ISRAEL BOND 10TH JUBILEE 3.38% 6/1/26 P 2016-06-10 2026-06-18
CLASS ACTION SETTLEMENT - ICONIC P    
CAPITAL GAINS DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 26,152   11,954 14,198
b 21,805   5,977 15,828
c 13,432   5,977 7,455
d 19,376   5,977 13,399
e 25,000   24,040 960
35,218   28,636 6,582
15,511   9,400 6,111
32   45 -13
5,111   3,139 1,972
1,110   709 401
11,099   7,192 3,907
22,199   32,004 -9,805
6,660   5,167 1,493
16,649   23,868 -7,219
2,220   1,838 382
11,099   15,239 -4,140
11,099   8,492 2,607
11,099   15,132 -4,033
5,395   4,374 1,021
1,408   1,910 -502
3,330   2,540 790
22,199   25,164 -2,965
6,063   4,648 1,415
3,330   3,166 164
6,146   4,821 1,325
4,440   4,365 75
2,220   1,775 445
11,099   7,672 3,427
6,756   4,946 1,810
33,298   44,976 -11,678
5,639   5,233 406
949   1,468 -519
7,256   5,276 1,980
11,099   15,102 -4,003
26,638   18,451 8,187
11,099   11,882 -783
17,759   10,480 7,279
11,099   7,887 3,212
2,220   1,430 790
11,099   15,732 -4,633
11,099   13,372 -2,273
14,429   10,403 4,026
11,099   15,462 -4,363
3,265   3,062 203
3,330   2,127 1,203
11,099   6,450 4,649
11,099   7,360 3,739
10,801   10,056 745
27,002   25,136 1,866
27,002   24,897 2,105
10,801   10,056 745
18,529   6,066 12,463
21,394   9,633 11,761
2,034   1,431 603
21,428   14,414 7,014
1,654   67 1,587
57,610   25,548 32,062
21,697   9,576 12,121
27,216   8,805 18,411
46,758   3,786 42,972
4,998   320 4,678
20,375   1,622 18,753
71,760   6,559 65,201
20,570   1,230 19,340
27,951   2,486 25,465
23,206   13,369 9,837
14,597   3,792 10,805
16,371   4,813 11,558
67,795   4,273 63,522
24,234   11,200 13,034
2,852   71 2,781
20,330   1,622 18,708
24,050   11,726 12,324
9,740   171 9,569
34,431   48 34,383
61,079   4,865 56,214
23,608   574 23,034
13,790   2,776 11,014
74,647   89,566 -14,919
4,072   5,152 -1,080
4,072   5,166 -1,094
12,332   15,765 -3,433
8,144   10,304 -2,160
8,036   10,286 -2,250
28,031   35,756 -7,725
16,288   20,434 -4,146
8,144   9,810 -1,666
7,113   8,535 -1,422
8,036   10,300 -2,264
49,555   48,110 1,445
24,778   23,500 1,278
24,778   23,640 1,138
2,315   2,125 190
1,850   1,681 169
8,325   8,668 -343
10,175   9,610 565
9,250   10,291 -1,041
2,775   2,487 288
1,949   2,939 -990
5,550   4,954 596
9,250   10,789 -1,539
11,100   9,672 1,428
1,850   1,731 119
9,250   8,938 312
790   945 -155
11,100   9,924 1,176
877   967 -90
11,100   9,544 1,556
1,010   1,047 -37
9,250   7,880 1,370
9,250   9,571 -321
34   23 11
679   964 -285
10,798   9,478 1,320
768   850 -82
912   879 33
1,077   976 101
9,250   11,537 -2,287
923   954 -31
1,083   1,061 22
150,980   128,608 22,372
27   33 -6
2,120   1,958 162
100,000   99,989 11
28,657   17,068 11,589
41,775   25,572 16,203
8,647   9,114 -467
4,324   4,366 -42
8,647   7,454 1,193
4,324   4,245 79
8,647   8,726 -79
122   110 12
30,767   10,815 19,952
34,975   11,631 23,344
10,024   3,316 6,708
50,000   50,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
50,000   50,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
100,000   100,000 0
50,000   50,000 0
50,000   50,000 0
74,467   40,800 33,667
306,930   131,400 175,530
25,000   25,000 0
25,000   25,000 0
25,000   25,000 0
54     54
10,154     10,154
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       14,198
b       15,828
c       7,455
d       13,399
e       960
      6,582
      6,111
      -13
      1,972
      401
      3,907
      -9,805
      1,493
      -7,219
      382
      -4,140
      2,607
      -4,033
      1,021
      -502
      790
      -2,965
      1,415
      164
      1,325
      75
      445
      3,427
      1,810
      -11,678
      406
      -519
      1,980
      -4,003
      8,187
      -783
      7,279
      3,212
      790
      -4,633
      -2,273
      4,026
      -4,363
      203
      1,203
      4,649
      3,739
      745
      1,866
      2,105
      745
      12,463
      11,761
      603
      7,014
      1,587
      32,062
      12,121
      18,411
      42,972
      4,678
      18,753
      65,201
      19,340
      25,465
      9,837
      10,805
      11,558
      63,522
      13,034
      2,781
      18,708
      12,324
      9,569
      34,383
      56,214
      23,034
      11,014
      -14,919
      -1,080
      -1,094
      -3,433
      -2,160
      -2,250
      -7,725
      -4,146
      -1,666
      -1,422
      -2,264
      1,445
      1,278
      1,138
      190
      169
      -343
      565
      -1,041
      288
      -990
      596
      -1,539
      1,428
      119
      312
      -155
      1,176
      -90
      1,556
      -37
      1,370
      -321
      11
      -285
      1,320
      -82
      33
      101
      -2,287
      -31
      22
      22,372
      -6
      162
      11
      11,589
      16,203
      -467
      -42
      1,193
      79
      -79
      12
      19,952
      23,344
      6,708
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      0
      33,667
      175,530
      0
      0
      0
      54
      10,154
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 2 903,380
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 19,473
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 19,473
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 19,473
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 5,400
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 5,400
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 348
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed....... 9 14,421
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
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
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 ofTRUSTEE Telephone no. (508) 791-0901

Located at306 MAIN STREETWORCESTERMA ZIP+4016150034
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)
Yes
 
(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
MELVIN S CUTLER TRUSTEE
1.00 		0 0 0
19333 W COUNTRY CLUB DRIVE
AVENTURA,FL331802485
FREDERIC MULLIGAN TRUSTEE
1.00 		3,240 0 0
C/O CUTLER ASSOC PO BOX 15049
WORCESTER,MA01615
DOUGLAS CUTLER TRUSTEE
1.00 		3,240 0 0
1440 SE 15TH STREET
FORT LAUDERDALE,FL33316
ELIZABETH J CUTLER TRUSTEE
1.00 		3,240 0 0
26 ASH PLACE
BAR HARBOR,ME04609
ROBERT ADLER TRUSTEE
1.00 		3,600 0 0
C/O SEDER CHANDLER 339 MAIN ST
WORCESTER,MA01608
BARBARA CROSBIE BOARD SECRETARY
1.00 		6,800 0 0
C/O CUTLER CAPITAL MGMT 306 MAIN ST
WORCESTER,MA016081518
KELLY CUTLER TRUSTEE
1.00 		3,240 0 0
26 ASH PLACE
BAR HARBOR,ME04609
JACOB CUTLER TRUSTEE
1.00 		3,240 0 0
43 HARVARD ST
WORCESTER,MA01609
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000................... 0
Form 990-PF (2025)
Form 990-PF (2025)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................0
Form 990-PF (2025)
Form 990-PF (2025)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
16,220,389
b
Average of monthly cash balances.......................
1b
400,151
c
Fair market value of all other assets (see instructions)................
1c
100,000
d
Total (add lines 1a, 1b, and 1c).......................
1d
16,720,540
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
16,720,540
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
250,808
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
16,469,732
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
823,487
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
823,487
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
19,473
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
12,958
c
Add lines 2a and 2b............................
2c
32,431
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
791,056
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
791,056
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
791,056
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
502,930
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
502,930
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 7 791,056
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......  
b From 2021......  
c From 2022......  
d From 2023...... 403,672
e From 2024......  
f Total of lines 3a through e ........ 403,672
4Qualifying distributions for 2025 from Part
XI, line 4: $ 502,930
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..... 502,930
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 288,126 288,126
(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 5 115,546
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) ... 		0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ...... 		115,546
10 Analysis of line 9:
a Excess from 2021 ....  
b Excess from 2022 ....  
c Excess from 2023 .... 115,546
d Excess from 2024 ....  
e Excess from 2025 ....  
Form 990-PF (2025)
Form 990-PF (2025)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2025 (b) 2024 (c) 2023 (d) 2022
         
b 85% (0.85) of line 2a .......          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, 3b, or 3c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
MELVIN S CUTLER
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

194 SMALL GRANTS EACH UNDER 1000 ALL TO PUBLIC CHARITIES

306 MAIN ST
WORCESTER,MA01615 		NONE   GENERAL 15,630

ABBY'S HOUSE

52 HIGH ST
WORCESTER,MA01609 		NONE   GENERAL 12,000

ADOPT A STUDENT PROGRAM - DIOCESE WORCESTER

49 ELM STREET
WORCESTER,MA01609 		NONE   GENERAL 1,500

AMERICAN FRIENDS OF NATAL INC

1120 AVENUE OF THE AMERICAS
RENSSELAER,NY10036 		NONE   GENERAL 30,000

AMERICAN JEWISH COMMITTEE

654 MADISON AVENUE 9TH FLR
NEW YORK,NY10065 		NONE   GENERAL 9,000

ARTS WORCESTER

44 PORTLAND ST
WORCESTER,MA01608 		NONE   GENERAL 7,200

BROWARD CENTER FOR THE PERFORMING ARTS

201 SW 5TH AVE
FORT LAUDERDALE,FL33312 		NONE   GENERAL 1,800

CENTRAL MA CHABAB

22 NEWTON AVE
WORCESTER,MA01602 		NONE   GENERAL 10,000

CHABAD OF HAMILTON HEIGHTS

405 WEST 148TH STREET
NEW YORK,NY10031 		NONE   GENERAL 1,800

CONCORD LAND CONSERVATION TRUST

SUDBURY RD
CONCORD MA,MA01742 		NONE   GENERAL 1,800

CONGREGATION BETH EL

105 HUDSON RD
SUDBURY,MA01776 		NONE   GENERAL 3,600

COPPERHEAD CHARITIES INC

36750 US HIGHWAY 19 NORTH
PALM HARBOR,FL34684 		NONE   GENERAL 7,200

DRESS FOR SUCCESS WORCESTER

484 MAIN ST
WORCESTER,MA01608 		NONE   GENERAL 1,800

ECOTARIUM

222 HARRINGTON WAY
WORCESTER,MA01604 		NONE   GENERAL 2,000

FRIENDS OF UNITED HATZALAH

208 EAST 51ST STREET SUITE 303
NEW YORK,NY10022 		NONE   GENERAL 70,000

GRACE CHRISTIAN CHURCH

PO BOX 540184
WALTHAM,MA024540184 		NONE   GENERAL 1,800

HANOVER THEATRE

MAIN ST
WORCESTER,MA01615 		NONE   GENERAL 1,500

HERITAGE HOUSE - JERUSALEM

2410 115TH STREET
RICHMOND HILL,NY11418 		NONE   GENERAL 5,000

HOLOCAUST & HUMAN RIGHTS CENTER OF MAINE

46 UNIVERSITY DR
AUGUSTA,ME04330 		NONE   GENERAL 6,000

IMPACT ISRAEL

4340 E W HWY 202
BETHESDA,MD20814 		NONE   GENERAL 24,000

ISEF FOUNDATION

520 EIGHTH AVENUE 4TH FLOOR
NEW YORK,NY10018 		NONE   GENERAL 36,000

JEWISH FEDERATION OF CENTRAL MASS

633 SALISBURY ST
WORCESTER,MA01609 		NONE   GENERAL 31,800

JEWISH HEALTHCARE CENTER

633 SALISBURY ST
WORCESTER,MA01609 		NONE   GENERAL 3,000

JEWISH NATIONAL FUND

42 E 69TH ST
NEW YORK,NY10021 		NONE   GENERAL 54,000

JUDAIC STUDIES UNIVERSITY OF MAINE

5776 THE MAPLES
ORONO,ME04469 		NONE   GENERAL 3,600

OHEL AVRAHAM

P O BOX 95016
PALATINE,IL60095 		NONE   GENERAL 15,600

PEF ISRAEL ENDOWMENT FUND

630 THIRD AVE RM 1500
NEW YORK,NY10017 		NONE   GENERAL 54,000

RAINBOW CHILD DEVELOPMENT CENTER

10 EDWARD ST
WORCESTER,MA01605 		NONE   GENERAL 1,800

STUDENT SUPPORTING ISRAEL - SSI

3131 FERNBROOK LANE NORTH STE 223
PLYMOUTH,MN55447 		NONE   GENERAL 9,000

VETERAN'S INC

69 GROVE ST
WORCESTER,MA01605 		NONE   GENERAL 24,000

WORCESTER ART MUSEUM

55 SALISBURY ST
WORCESTER,MA01609 		NONE   GENERAL 2,000

WORCESTER COUNTY FOOD BANK

474 BOSTON TURNPIKE
SHREWSBURY,MA01545 		NONE   GENERAL 7,500

AMERICAN ANTIQUARIAN SOCIETY

185 SALISBURY ST 31
WORCESTER,MA01609 		NONE   GENERAL 1,000

AMERICAN FRIENDS OF ALI BEIT NOAM INC

C/O SPIVACK 556 WEST 254TH ST
RIVERDALE,NY10471 		NONE   GENERAL 1,800

FOUNDATION FOR NURSING ADVANCEMENT IN MA

PO BOX 285
MILTON,MA02186 		NONE   GENERAL 1,800

JEWISH COMMUNITY CENTER WORCESTER - TEEN PROGRAM

633 SALISBURY ST
WORCESTER,MA01609 		NONE   GENERAL 18,000

MECHANICS HALL

321 MAIN ST
WORCESTER,MA01608 		NONE   GENERAL 1,000

NEW SURRY THEATRE

18 UNION ST
BLUE HILL,ME04614 		NONE   GENERAL 3,600

SARATOGA HOSPITAL FOUNDATION

211 CHURCH ST
SARATOGA SPRINGS,NY12866 		NONE   GENERAL 1,800

YAD VASHEM USA FOUNDATION

150 WEST 25TH ST
NEW YORK,NY10001 		NONE   GENERAL 18,000
Total ................................. 3a 502,930
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 ....     14 568,591  
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 .....     14 5,318  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 771,344  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 1,345,253 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,345,253
(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:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES -GRKB 12,699 12,699   0

TY 2025 GeneralExplanationAttachment
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Identifier Return Reference Explanation
STATEMENT UNDER REG SEC 1.751-1(A) 990-PF PART IV SALE OF INTEREST IN ENERGY TRANSFER LPDATES OF SALE OR EXCHANGE: 1/2/25, 1/16/25, 2/3/25, 2/18/25, 2/28/25, 3/11/25, 3/26/25, 4/24/25, 5/7/25, 5/13/25, 5/14/25, 5/23/25, 6/4/25, 6/10/25, 6/11/25, AND 7/29/25GAIN/LOSS ATTRIBUTABLE TO THE SECTION 751 PROPERTY $ 80,848GAIN/LOSS ATTRIBUTABLE TO CAPITAL GAIN/LOSS ON THE SALE OF THE PARTNERSHIP INTEREST $ 197,499

TY 2025 InvestmentsCorpBondsSchedule
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Name of Bond End of Year Book Value End of Year Fair Market Value
BONDS 1,421,407 1,479,285

TY 2025 InvestmentsCorpStockSchedule
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Name of Stock End of Year Book Value End of Year Fair Market Value
STOCKS 10,565,002 13,838,829

TY 2025 InvestmentsGovtObligationsSch
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
US Government Securities - End of Year Book Value:

447,552
US Government Securities - End of Year Fair Market Value:

451,057
State & Local Government Securities - End of Year Book Value:


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


0


TY 2025 InvestmentsOtherSchedule2
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER INVESTMENTS AT COST 1,647,824 1,626,068

TY 2025 OtherAssetsSchedule
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
OTHER RECEIVABLE   4,236 4,236


TY 2025 OtherDecreasesSchedule
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Description Amount
PENALTIES 650


TY 2025 OtherExpensesSchedule
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MASS FILING FEE 250 250   0
BANK SERVICE CHARGES 431 431   0
OFFICE SUPPLIES 917 0   0


TY 2025 OtherIncomeSchedule2
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
ENERGY TRANSFER LP 5,318 5,318 5,318


TY 2025 OtherLiabilitiesSchedule
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Description Beginning of Year - Book Value End of Year - Book Value
FEDERAL TAXES PAYABLE 6,979 24,331
DUE TO GRKB 500 13,449
STATE TAXES PAYABLE 0 4,111


TY 2025 OtherProfessionalFeesSchedule
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT ADVISORY FEES 60,881 60,881   0


TY 2025 TaxesSchedule
Name:
MELVIN S CUTLER CHARITABLE FOUNDATION
 
C/O GREENBERGROSENBLATT KULL & BITSOLI
EIN:
04-2733957
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL 38,035 0   0
FOREIGN TAX 2,103 2,103   0
STATE 9,871 0   0