THE JAKET FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- THE JAKET FOUNDATION (EIN 04-6878795)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202423209349102142
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T11:03:39-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042571780 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AAFCPAS INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 WASHINGTON STREET | AddressLine1Txt |
| City | WESTBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01581 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 046878795 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE JAKET FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | JAKE | BusinessNameControlTxt |
| Phone | 6173579110 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CO HCM 75 FEDERAL ST 1100 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHARLES E CLAPP III | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 6173579110 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DAVID KELLEHER CPA | PreparerPersonNm |
| PTIN | P01059560 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $170,693,384 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $21,000,000 | ContriRcvdRevAndExpnssAmt |
| Dividends Rev And Expnss | $1,836,065 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,836,065 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $2,790,041 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $7,605,749 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $2,790,041 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $4,700,110 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $4,637,710 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $62,400 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $30,326,216 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $9,263,816 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $62,400 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $13,459 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $13,459 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $625,774 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $439,650 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $186,124 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $48,258 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $48,258 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $3,026,853 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $2,993,062 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $33,791 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,714,344 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $3,480,970 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $233,374 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $12,384,798 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $12,384,798 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $16,099,142 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $3,480,970 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $12,618,172 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $14,227,074 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $5,782,846 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $62,400 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $6,376,518 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $5,519,226 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $5,519,226 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $11,255,293 | CorporateStockBOYAmt |
| Corporate Stock EOY | $11,147,537 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $11,344,823 | CorporateStockEOYFMVAmt |
| Other Investments BOY | $85,897,249 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $93,228,568 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $153,829,335 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $103,529,060 | TotalAssetsBOYAmt |
| Total Assets EOY | $109,895,331 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $170,693,384 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $33,913,718 | CapitalStockBOYAmt |
| Capital Stock EOY | $33,913,718 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $69,615,342 | RetainedEarningBOYAmt |
| Retained Earning EOY | $75,981,613 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $103,529,060 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $109,895,331 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $103,529,060 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $109,895,331 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $103,529,060 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $14,227,074 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $117,756,134 | SubtotalAmt |
| Other Decreases | $7,860,803 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $109,895,331 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt | How AcquiredHowAcquiredCd |
|---|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $5,471,009 | $4,815,708 | $655,301 | $655,301 | |
| CAPITAL GAINS DIVIDENDS | $2,134,740 | $2,134,740 | $2,134,740 | P |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $2,790,041 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $80,382 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $80,382 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $80,382 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $59,393 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $59,393 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $20,989 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHARLES E CLAPP III | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6173579110 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O HCM 75 FEDERAL ST 1100 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| PHILLIP T GROSS | |||||||||
| C/O HOWLAND CAPITAL 75 FEDERAL ST | SUITE 1100 | BOSTON | MA | 02110 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| ELIZABETH COCHARY GROSS | |||||||||
| C/O HOWLAND CAPITAL 75 FEDERAL ST | SUITE 1100 | BOSTON | MA | 02110 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| CHARLES E CLAPP III | |||||||||
| C/O HOWLAND CAPITAL 75 FEDERAL ST | SUITE 1100 | BOSTON | MA | 02110 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| THOMAS V QUIRK | |||||||||
| C/O HOWLAND CAPITAL 75 FEDERAL ST | SUITE 1100 | BOSTON | MA | 02110 | TRUSTEE | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HOWLAND CAPITAL MANAGEMENT | |||||
| 75 FEDERAL STREET SUITE 1100 | BOSTON | MA | 02110 | INVESTMENT & GRANT SERVICES | $442,541 |
| MORGAN STANLEY | |||||
| 28 STATE STREET 26TH FLOOR | BOSTON | MA | 02109 | INVESTMENT ADVISORY | $120,956 |
| SCHONE MALLIET | |||||
| 44 BREAKNECK ROAD | VERNON | NJ | 07462 | FUNDRAISING CONSULTING | $55,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $162,325,537 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,496,473 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $164,822,010 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $164,822,010 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $2,472,330 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $162,349,680 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $8,117,484 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $8,117,484 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $80,382 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $80,382 | TotalTaxAmt |
| Distributable Before Adj | $8,037,102 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $8,037,102 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $8,037,102 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $12,618,172 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $12,618,172 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $8,037,102 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $3,773,037 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $3,657,130 | ExcessDistributionCyovYr4Amt |
| Total Excess Distribution Cyov | $7,430,167 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $12,618,172 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $8,037,102 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $4,581,070 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $12,011,237 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $3,773,037 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $8,238,200 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $3,657,130 | ExcessFromYear4Amt |
| Excess From Current Year | $4,581,070 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | PHILLIP T GROSS | ContributingManagerNm |
| Contributing Manager | ELIZABETH COCHARY GROSS | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (29 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| KILLINGTON MOUNTAIN SCHOOL | |||||||
| 2708 KILLINGTON ROAD | KILLINGTON | VT | 05751 | PC | SUPPORT FOR THE 2022-2023 GROSS SCHOLARSHIP | $120,000 | |
| SQUASHBUSTERS | |||||||
| 795 COLUMBUS AVE | BOSTON | MA | 02109 | PC | CAPITAL CAMPAIGN MATCH | $1,000,000 | |
| HARVARD UNIVERSITY | |||||||
| 255 SHATTUCK STREET | BOSTON | MA | 02115 | PC | 2022 GRANT PAYMENT FOR QFASTR | $2,000,000 | |
| BOSTON THEATRE CRITICS ASSOCIATION | |||||||
| 20 MOORE RD | WAYLAND | MA | 01778 | PC | PRODUCING SPONSORS FOR THE ANNUAL ELLIOT NORTON AWARDS | $10,000 | |
| FROM THE TOP | |||||||
| 140 CLARENDON STREET SUITE 301 | BOSTON | MA | 02116 | PC | GENERAL OPERATING SUPPORT | $25,000 | |
| LOPPET FOUNDATION | |||||||
| 1221 THEODORE WIRTH PKWY | MINNEAPOLIS | MN | 55422 | PC | WORLD CUP SPONSORSHIP | $500,000 | |
| FALMOUTH ROAD RACE | |||||||
| 155 KATHARINE LEE BATES ROAD PO BOX | FALMOUTH | MA | 02541 | PC | SUPPORT FOR THE TOMMY COCHARY HIGH SCHOOL MILE, MATCH FUNDS RAISED FOR THE TOMMY COCHARY SCHOLARSHIP AND FUNDING FOR VIDEO PRODUCTION | $67,500 | 732 |
| SHAMROCK FOUNDATION | |||||||
| 226 CAUSEWAY ST 4TH FLOOR | BOSTON | MA | 02114 | PC | FUNDING FOR SHAMROCK SUITES AND SEATS FOR SOLDIERS | $34,798 | |
| BOSTON BALLET | |||||||
| 284 AMORY ST 5 | JAMAICA PLAIN | MA | 02130 | PC | FUNDING FOR EXPENSES FOR THE URBAN NUTCRACKER | $215,000 | |
| CAMP HARBORVIEW FOUNDATION | |||||||
| 200 CLARENDON STREET | BOSTON | MA | 02116 | PC | SUPPORT FOR DIRECT ASSISTANCE GRANTS AND TRANSPORTATION | $600,000 | |
| BOYS AND GIRLS CLUB OF BOSTON | |||||||
| 200 HIGH STREET 3RD FLOOR | BOSTON | MA | 02110 | PC | SUPPORT FOR THE YOUTHCONNECT PARTNERSHIP BREAKFAST - JAKT FUND | $5,000 | |
| THE RECORD COMPANY | |||||||
| 286 NEWBURY ST 1ST FLOOR | BOSTON | MA | 02110 | PC | ANNUAL FUND AND CAPITAL SUPPORT | $500,000 | |
| CAMPAIGN FOR CATHOLIC SCHOOLS | |||||||
| 66 BROOKS DRIVE | BRAINTREE | MA | 02184 | PC | SPONSORSHIP FOR JACK CONNORS DINNER | $100,000 | |
| BIG BROTHERS BIG SISTERS | |||||||
| 75 FEDERAL STREET 8TH FLOOR | BOSTON | MA | 02110 | PC | FIRST GRANT PAYMENT OF 5-YEAR PLEDGE | $250,000 | |
| RED SOX FOUNDATION | |||||||
| 4 JERSEY STREET | BOSTON | MA | 02215 | PC | SUPPORT FOR ERICA'S SUITE AND HOMEBASE SUITES IN 2024 | $728,000 | |
| YOUTH ENRICHMENT SERVICES | |||||||
| 412 MASSACHUSETTS AVENUE | BOSTON | MA | 02118 | PC | SUPPORT FOR GALA SPONSORSHIP, ANNUAL GIFT AND THE WORLD CUP DREAMS FOUNDATION SPONSORSHIP | $355,000 | |
| COLLEGE LIGHT OPERA COMPANY | |||||||
| PO BOX 906 | FALMOUTH | MA | 02541 | PC | SUPPORT FOR DEI SCHOLARSHIPS, DEVELOPMENT STAFF, AND SHOW SPONSORSHIP | $160,000 | |
| ELEVATED THOUGHT | |||||||
| 15 UNION STREET SUITE 608 | LAWRENCE | MA | 01840 | PC | FUNDING FOR CAPITAL EXPENSES ASSOCIATED WITH THE NEW SPACE | $1,000,000 | |
| MOTHER CAROLINES ACADEMY | |||||||
| 515 BLUE HILL AVENUE | DORCHESTER | MA | 02121 | PC | SUPPORT FOR CLASS SPONSORSHIP AND CHALLENGE GRANT | $96,500 | |
| SOCIAL INNOVATION FORUM | |||||||
| 2 OLIVER STREET SUITE 802B | BOSTON | MA | 02109 | PC | GENERAL OPERATING SUPPORT | $250,000 | |
| CRISTO REY | |||||||
| 100 SAVIN HILL AVENUE | DORCHESTER | MA | 02125 | PC | SPONSORSHIP FOR THE CHORAL PROGRAM | $100,000 | |
| YEAR UP | |||||||
| 45 MILK STREET 9TH FLOOR | BOSTON | MA | 02109 | PC | SUPPORT FOR THE YEAR UP ALUMNI PROGRAM | $395,000 | |
| BREAKTIME | |||||||
| 170 PORTLAND STREET | BOSTON | MA | 02114 | PC | CHALLENGE GRANT TO SEED A SIGNIFICANT INCREASE IN THE SAVINGS MATCH PROGRAM FOR 120 YOUNG ADULTS EXPERIENCING HOMELESSNESS. | $102,000 | |
| SISTERS UNCHAINED | |||||||
| PO BOX 300902 | JAMAICA PLAIN | MA | 02130 | PC | GENERAL OPERATING SUPPORT | $5,000 | |
| ALL IN MILWAUKEE | |||||||
| 135 W WELLS STREET SUITE 100 | MILWAUKEE | WI | 53203 | PC | SUPPORT TO EXPAND THE UW MADISON COHORT OF ALL IN MILWAUKEE | $1,200,000 | |
| BOSTON SYMPHONY ORCHESTRA | |||||||
| 301 MASSACHUSETTS AVE | BOSTON | MA | 02115 | PC | MATCH FUNDING FOR DONATIONS RAISED THROUGH THE END OF DECEMBER 2023 | $150,000 | |
| UNIVERSITY OF WISCONSIN | |||||||
| 1848 UNIVERSITY AVENUE | MADISON | WI | 53726 | PC | SUPPORT FOR THE DIRECTOR'S SCHOLARSHIP AND THE SCHOOL OF BUSINESS DEI PLAN | $1,500,000 | |
| JUSTICE RESOURCE INSTITUTE | |||||||
| 160 GOULD STREET SUITE 300 | NEEDHAM | MA | 02116 | PC | GENERAL OPERATING SUPPORT | $5,000 | |
| LIFE SCIENCE CARES | |||||||
| PO BOX 425486 | CAMBRIDGE | MA | 02142 | PC | 2:1 MATCH FOR FUNDS RAISED IN 2023 | $911,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $12,384,798 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,836,065 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Related Or Exempt Function Incm | $4,637,710 | RelatedOrExemptFunctionIncmAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $2,790,041 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Related Or Exempt Function Incm | $62,400 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $4,626,106 | ExclusionAmt |
| Related Or Exempt Function Incm | $4,700,110 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $9,326,216 | TotalIncomeProducingActyAmt |
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
Rln Of Acty To Accom Of Exmpt Prps RlnOfActyToAccomOfExmptPrpsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Line Number | 11A | LineNumberTxt |
| Relationship Statement | OTHER INCOME NOT RELATED TO INVESTMENTS | RelationshipStatementTxt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILLIP & ELIZABETH GROSS | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 42 KING LANE | AddressLine1Txt |
| City | CONCORD | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01742 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $21,000,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING | CategoryTxt |
| Amt | $13,459 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $13,459 | DisbursementsCharitablePrpsAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | MUTUAL FUNDS | StockNm |
| EOY Book Value | $11,147,537 | EOYBookValueAmt |
| EOYFMV | $11,344,823 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| VENTURE FUNDS | AT COST | $77,541,475 | $137,842,206 |
| EQUITIES | AT COST | $473,553 | $649,596 |
| MUTUAL FUNDS | AT COST | $3,745,940 | $3,619,659 |
| OTHER INVESTMENTS | AT COST | $11,467,600 | $11,717,874 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TIMING DIFFERENCES | Desc |
| Amt | $7,860,803 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| MA FORM PC FILING FEE | $500 | $500 | $0 | $0 |
| WIRE TRANSFER FEES | $432 | $0 | $0 | $432 |
| MISCELLANEOUS INVESTMENT DEDUCTIONS FROM K-1S | $2,992,562 | $2,992,562 | $0 | $0 |
| OTHER EXPENSES | $33,359 | $0 | $0 | $33,359 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| INCOME FROM PTP K-1S | $4,637,710 | $4,637,710 | |
| MISCELLANEOUS REVENUE | $62,400 | $62,400 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (4 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | $318,694 | $318,694 | $0 | $0 |
| GRANTWRITING EXPENSES | $71,153 | $0 | $0 | $71,153 |
| INVESTMENT FEE | $120,956 | $120,956 | $0 | $0 |
| HOWLAND CAPITAL EXPENSES | $114,971 | $0 | $0 | $114,971 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FOREIGN TAX | CategoryTxt |
| Amt | $48,258 | Amt |
| Net Investment Income | $48,258 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |