2022-11-10T11:36:38-06:00 2021-12-31 042233412 ROPES & GRAY LLP 800 BOYLSTON ST 45TH FL BOSTON MA 021993600 990PF 2021-01-01 046050704 THE ELLISON FOUNDATION ELTON DREW ET AL TRUSTEES ELLI 7815844755 CO ROPES GRAY LLP 800 BOYLSTON BOSTON MA 021993600 ELTON DREW TRUSTEE 7815844755 2022-11-09 1 ELTON DREW 999009999 MATTHEW J SCANLON P00722196 6179517000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X 95842157 X X 1993336 1993336 5898798 16462798 5898798 7892134 7892134 273768 28130 245638 15000 7500 7500 337149 334949 2200 99450 14848 0 44 0 44 545 0 545 725956 385427 255927 3630000 3630000 4355956 385427 3885927 3536178 7506707 749979 150908 150908 1209658 1992255 1992255 2478213 3484857 3484857 10915024 14382363 14382363 3569063 2926973 2926973 71291794 72904801 72904801 90213731 95842157 95842157 0 0 X 90213731 95842157 90213731 95842157 90213731 95842157 90213731 3536178 2792248 96542157 700000 95842157 ROPES & GRAY LLP FIDUCIARY ACCOUNT P 3570508 3217946 352562 352562 ROPES & GRAY LLP FIDUCIARY ACCOUNT P 7218746 5245084 1973662 1973662 ROPES & GRAY LLP FIDUCIARY ACCOUNT P 1157566 1166308 -8742 -8742 ROPES & GRAY LLP FIDUCIARY ACCOUNT P 792634 819554 -26920 -26920 NATIONAL FINANCIAL SERVICES P 131729 115108 16621 16621 CAPITAL GAINS DIVIDENDS P 3591615 3591615 3591615 5898798 104343 0 104343 0 104343 75697 0 80000 0 155697 0 51354 51354 0 0 0 0 0 0 0 0 0 0 0 1 1 MA 1 0 0 0 0 1 N/A ELTON DREW 7815844755 2 CAPTAIN DANIEL ROAD SOUTH YARMOUTH MA 02664 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ANDREW SILVERMAN 665 FRANKLIN STREET FRAMINGHAM MA 01702 TRUSTEE 4.00 80000 0 0 ELTON F DREW 2 CAPTAIN DANIEL ROAD SOUTH YARMOUTH MA 02664 TRUSTEE 15.00 100000 0 0 MARTIN HALL ROPES GRAY 800 BOYLSTON ST BOSTON MA 021993600 TRUSTEE 3.00 93768 0 0 NONE 0 ROPES & GRAY LLP 800 BOYLSTON STREET BOSTON MA 021993600 INVESTMENT ADVISORY AND TAX PREP 296302 DOLAN C/O 800 BOYLSTON STREET BOSTON MA 021993600 INVESTMENT ADVISORY 53647 0 0 94014181 1425468 0 95439649 0 0 95439649 1431595 94008054 4700403 4700403 104343 104343 4596060 0 4596060 0 4596060 3885927 0 3885927 4596060 0 0 1038328 1310877 1367733 3716938 3885927 0 0 0 3885927 0 710133 710133 3006805 0 0 0 0 0 0 328195 2678610 1310877 1367733 X AMERICAN CANCER SOCIETY 1025 CONNECTICUT AVENUE WASHINGTON DC 20004 NONE PUBLIC CHARITY GENERAL FUND 600000 BETH ISRAEL LAHEY HEALTH 330 BROOKLINE AVENUE BOSTON MA 02115 NONE PUBLIC CHARITY GENERAL FUND 220000 BOSTON CHILDREN'S HOSPITAL 300 LONGWOOD AVENUE BOSTON MA 02115 NONE PUBLIC CHARITY GENERAL FUND 250000 BOSTON MEDICAL CENTER ONE BOSTON MEDICAL CENTER PL BOSTON MA 02118 NONE PUBLIC CHARITY GENERAL FUND 150000 BOSTON UNIVERSITY SCHOOL OF MEDICINE 72 E CONCORD STREET BOSTON MA 02118 NONE PUBLIC CHARITY GENERAL FUND 160000 CITY YEAR 285 COLUMBUS AVENUE BOSTON MA 02116 NONE PUBLIC CHARITY GENERAL FUND 100000 CROSSROADS FOR KIDS 119 MYRTLE STREET DUXBURY MA 02332 NONE PUBLIC CHARITY GENERAL FUND 100000 DANA FARBER CANCER INSTITUTE 450 BROOKLINE AVE BOSTON MA 02115 NONE PUBLIC CHARITY GENERAL FUND 225000 DUXBURY BAY MARITIME SCHOOL PO BOX 263A SHS DUXBURY MA 02331 NONE PUBLIC CHARITY GENERAL FUND 100000 DUXBURY BEACH RESERVATION PO BOX 1364 DUXBURY MA 02331 NONE PUBLIC CHARITY GENERAL FUND 20000 DUXBURY SENIOR CENTER PO BOX 2113 DUXBURY MA 02331 NONE PUBLIC CHARITY GENERAL FUND 20000 MAKE-A-WISH FOUNDATION ONE BULLFINCH PLACE BOSTON MA 02114 NONE PUBLIC CHARITY GENERAL FUND 100000 MASS EYE & EAR HOSPITAL 243 CHARLES STREET BOSTON MA 02114 NONE PUBLIC CHARITY GENERAL FUND 125000 MASS GENERAL HOSPITAL 55 FRUIT STREET BOSTON MA 02114 NONE PUBLIC CHARITY GENERAL FUND 430000 PINE STREET INN 444 HARRISON AVE BOSTON MA 02118 NONE PUBLIC CHARITY GENERAL FUND 100000 ROSIE'S PLACE 889 HARRISON AVE BOSTON MA 02118 NONE PUBLIC CHARITY GENERAL FUND 100000 SOUTH SHORE CONSERVATORY THE ELLISON CENTER FOR THE ARTS DUXBURY MA 02331 NONE PUBLIC CHARITY GENERAL FUND 100000 THE PARTRIDGE SCHOLARSHIP FUND PO BOX 2552 DUXBURY MA 02331 NONE PUBLIC CHARITY GENERAL FUND 25000 THE SALVATION ARMY 147 BERKELEY STREET BOSTON MA 02116 NONE PUBLIC CHARITY GENERAL FUND 75000 TUFTS UNIVERSITY SCHOOL OF MEDICINE 145 HARRISON AVENUE BOSTON MA 02111 NONE PUBLIC CHARITY GENERAL FUND 450000 TWOTEN INTERNATIONAL FOOTWEAR FOUNDATION 1466 MAIN STREET WALTHAM MA 02451 NONE PUBLIC CHARITY GENERAL FUND 30000 USS CONSTITUTION MUSEUM PO BOX 291812 BOSTON MA 02129 NONE PUBLIC CHARITY GENERAL FUND 50000 WEST BOYLSTON JRSR HIGH SCHOOL ELLISON FUND FOR MUSIC WEST BOYLSTON MA 01583 NONE PUBLIC CHARITY GENERAL FUND 100000 3630000 0 14 1993336 18 5898798 0 7892134 0 7892134 0 0 0 0 0 0 0 0 0 0 ROPES & GRAY LLP TAX PREP 15000 7500 7500 FORM 990-PF, PART VII-B, LINE 1(A)(4) FORM 990-PF - PART VII-B, LINE 1(A)(4) - OFFICERS AND COMPENSATIONTHE TRUSTEE, MARTIN HALL, IS A PARTNER OF ROPES & GRAY, LLP AND BY AGREEMENT WITH ROPES & GRAY, LLP, TURNS OVER ALL FEES RECEIVED TO THE FIRM.PAYMENTS IN THE AMOUNT OF $390,070 WERE MADE TO ROPES & GRAY LLP, 800 BOYLSTON STREET, BOSTON, MA 02199-3600 FOR TAX PREP, INVESTMENT ADVISORY AND TRUSTEE FEES. MARTIN HALL IS A PARTNER OF THE FIRM HAVING MORE THAN 300 ACTIVE PARTNERS. PAYMENTS FOR THESE SERVICES WERE MADE IN ACCORDANCE WITH THE TRUST DOCUMENTS. 130000 ABBVIE INC NOTE CALL MAKE WHOLE 3.20000% 11/06/2022 132200 132200 93000 ADOBE INC NOTE CALL MAKE WHOLE 1.90000% 02/01/2025 95258 95258 150000 AMERICAN TOWER CORP NOTE CALL MAKE WHOLE 2.70000% 04/15/2031 150626 150626 72000 AMGEN INC NOTE CALL MAKE WHOLE 2.45000% 02/21/2030 73351 73351 61000 ANALOG DEVICES INC NOTE CALL MAKE WHOLE 2.10000% 10/01/2031 61210 61210 100000 ANHEUSER BUSCH INBEV FIN INC NOTE 4.90000% 02/01/2046 125927 125927 90000 APPLE INC NOTE CALL MAKE WHOLE 3.45000% 02/09/2045 100766 100766 95000 AT&T INC NOTE CALL MAKE WHOLE 4.35000% 03/01/2029 106800 106800 109000 AT&T INC NOTE CALL MAKE WHOLE 4.75000% 05/15/2046 132043 132043 200000 BANK AMER CORP MTN 3.87500% 08/01/2025 216878 216878 149000 BOEING CO NOTE CALL MAKE WHOLE 2.19600% 02/04/2026 149006 149006 78000 BOEING CO NOTE CALL MAKE WHOLE 2.60000% 10/30/2025 80168 80168 81000 BRISTOL-MYERS SQUIBB CO NOTE 0.75000% 11/13/2025 78916 78916 70000 CAPITAL ONE FINL CORP NOTE 3.90000% 01/29/2024 73674 73674 104000 CATERPILLAR INC NOTE CALL MAKE WHOLE 2.60000% 04/09/2030 108481 108481 48000 CIGNA CORP NEW NOTE CALL MAKE WHOLE 2.40000% 03/15/2030 48437 48437 180000 CITIGROUP INC NOTE CALL MAKE WHOLE 3.20000% 10/21/2026 190850 190850 104000 COMCAST CORP NEW NOTE CALL MAKE WHOLE 3.55000% 05/01/2028 114104 114104 47000 COMCAST CORP NEW NOTE CALL MAKE WHOLE 4.70000% 10/15/2048 60049 60049 140000 COMMONWEALTH EDISON CO SER 125 BOND 3.70000% 08/15/2028 153710 153710 59000 COSTCO WHOLESALE CORPORATION NOTE 1.37500% 06/20/2027 58585 58585 25000 CVS HEALTH CORP NOTE CALL MAKE WHOLE 4.30000% 03/25/2028 28075 28075 41000 DISCOVERY COMMUNICATIONS LLC 3.62500% 05/15/2030 43874 43874 56000 DISNEY WALT CO NOTE CALL MAKE WHOLE 2.00000% 09/01/2029 55758 55758 125000 DUKE ENERGY CORP NEW NOTE CALL MAKE WHOLE 2.55000% 06/15/2031 125289 125289 130000 ENTERGY MISSISSIPPI LLC BOND 2.85000% 06/01/2028 135688 135688 80000 ENTERPRISE PRODS OPER LLC NOTE 5.95000% 02/01/2041 CALL MAKE WHOLE 106441 106441 120000 FISERV INC NOTE CALL MAKE WHOLE 2.25000% 06/01/2027 122166 122166 85000 GILEAD SCIENCES INC NOTE CALL MAKE WHOLE 1.65000% 10/01/2030 81558 81558 185000 GOLDMAN SACHS GROUP INC NOTE 3.85000% 01/26/2027 198932 198932 66000 HOME DEPOT INC NOTE CALL MAKE WHOLE 2.75000% 09/15/2051 65811 65811 139000 INTERCONTINENTAL EXCHANGE INC NOTE 1.85000% 09/15/2032 133049 133049 215000 JPMORGAN CHASE &CO NOTE 3.30000% 04/01/2026 229280 229280 100000 KINDER MORGAN ENERGY PARTNERS NOTE 4.15000% 03/01/2022 100554 100554 93000 LOWES COS INC NOTE CALL MAKE WHOLE 1.70000% 10/15/2030 88457 88457 125000 MARSH &MCLENNAN COS INC NOTE 3.87500% 03/15/2024 132225 132225 60000 MICROSOFT CORP NOTE CALL MAKE WHOLE 2.52500% 06/01/2050 58744 58744 144000 MORGAN STANLEY SER I MTN 2.69900% 01/22/2031 CALL MAKE WHOLE 147470 147470 120000 ORACLE CORP NOTE CALL MAKE WHOLE 2.87500% 03/25/2031 120898 120898 115000 PROGRESS ENERGY INC NOTE CALL MAKE WHOLE 3.15000% 04/01/2022 115192 115192 80000 RAYTHEON TECHNOLOGIES CORP 3.95000% 08/16/2025 NOTE 86772 86772 50000 SHELL INTERNATIONAL FIN BV NOTE 4.00000% 05/10/2046 58341 58341 90000 SHIRE ACQUISITIONS INVESTMENTS IREL 3.20000% 09/23/2026 NOTE 95513 95513 123000 TEXAS INSTRS INC NOTE CALL MAKE WHOLE 1.37500% 03/12/2025 123560 123560 250000 TORONTO DOMINION BANK MTN 0.75000% 09/11/2025 243425 243425 135000 TOTAL CAP INTL NOTE CALL MAKE WHOLE 2.82900% 01/10/2030 141489 141489 115000 VERIZON COMMUNICATIONS INC 3.55000% 03/22/2051 NOTE CALL MAKE WHOLE 124307 124307 70000 VISA INC NOTE CALL MAKE WHOLE 4.30000% 12/14/2045 88372 88372 126000 VMWARE INC NOTE CALL MAKE WHOLE 2.20000% 08/15/2031 123709 123709 97000 WALMART INC NOTE CALL MAKE WHOLE 4.05000% 06/29/2048 123715 123715 100000 WELLS FARGO &CO SER Q MTN 2.57200% 02/11/2031 CALL MAKE WHOLE 102189 102189 100623.477 METROPOLITAN WEST TOTAL RETURN BOND P 1029378 1029378 22296.544 STONERIDGE REINSURAC RISK PREM INTERVAL 843924 843924 28520.066 VANGUARD WELLESLEY INCOME ADMIRAL 2000112 2000112 139000 AECOM NOTE CALL MAKE WHOLE 5.12500% 03/15/2027 151420 151420 115000 ALTRIA GROUP INC NOTE CALL MAKE WHOLE 4.40000% 02/14/2026 126569 126569 154000 AMC NETWORKS INC NOTE 4.75000% 08/01/2025 157273 157273 22000 AMERICAN TOWER CORP NOTE CALL MAKE WHOLE 3.50000% 01/31/2023 22592 22592 94000 AMERICAN TOWER CORP NOTE CALL MAKE WHOLE 4.00000% 06/01/2025 100627 100627 13000 AT&T INC NOTE CALL MAKE WHOLE 4.25000% 03/01/2027 14429 14429 99000 AT&T INC SER B NOTE 4.10000% 02/15/2028 CALL MAKE WHOLE 109935 109935 89000 BALL CORP NOTE CALL MAKE WHOLE 4.87500% 03/15/2026 98034 98034 49000 BALL CORP NOTE CALL MAKE WHOLE 5.25000% 07/01/2025 54023 54023 144000 BOYD GAMING CORP SER B NOTE 4.75000% 12/01/2027 146880 146880 126000 BROADCOM CORP/BROADCOM CAYMAN 3.87500% 01/15/2027 SER B NOTE 136700 136700 94000 CARLISLE COS INC NOTE CALL MAKE WHOLE 3.50000% 12/01/2024 99158 99158 26000 CARLISLE COS INC NOTE CALL MAKE WHOLE 3.75000% 11/15/2022 26477 26477 75000 CDK GLOBAL INC SER B NOTE 4.87500% 06/01/2027 77625 77625 150000 CDW LLC / CDW FIN CORP NOTE 4.25000% 04/01/2028 154875 154875 142000 CITRIX SYS INC NOTE CALL MAKE WHOLE 4.50000% 12/01/2027 154246 154246 119000 DISCOVERY COMMUNICATIONS LLC 3.95000% 03/20/2028 129423 129423 115000 DOLLAR TREE INC NOTE CALL MAKE WHOLE 4.00000% 05/15/2025 123589 123589 150000 ENCOMPASS HEALTH CORP NOTE 4.50000% 02/01/2028 154313 154313 133000 HCA INC. NOTE CALL MAKE WHOLE 5.62500% 09/01/2028 155409 155409 142000 HP INC NOTE CALL MAKE WHOLE 3.00000% 06/17/2027 149429 149429 120000 IHS MARKIT LTD NOTE CALL MAKE WHOLE 3.62500% 05/01/2024 125850 125850 116000 KRAFT HEINZ FOODS CO SER B NOTE 3.87500% 05/15/2027 125374 125374 153000 LAMAR MEDIA CORP SER B NOTE 3.75000% 02/15/2028 153383 153383 138000 LUMEN TECHNOLOGIES INC SER Y NOTE 7.50000% 04/01/2024 151110 151110 148000 MICROCHIP TECHNOLOGY INC. SER B NOTE 4.25000% 09/01/2025 153722 153722 27000 MOTOROLA SOLUTIONS INC NOTE 4.00000% 09/01/2024 28761 28761 48000 MOTOROLA SOLUTIONS INC NOTE 4.60000% 02/23/2028 54232 54232 75000 QORVO INC SER B NOTE 4.37500% 10/15/2029 79594 79594 20000 QVC INC NOTE CALL MAKE WHOLE 4.37500% 03/15/2023 20600 20600 49000 QVC INC NOTE CALL MAKE WHOLE 4.45000% 02/15/2025 51695 51695 52000 QVC INC NOTE CALL MAKE WHOLE 4.85000% 04/01/2024 55498 55498 114000 REYNOLDS AMERICAN INC NOTE 4.45000% 06/12/2025 123089 123089 148000 SERVICE CORP INTL NOTE CALL MAKE WHOLE 4.62500% 12/15/2027 154475 154475 149000 SILGAN HOLDINGS INC SER B NOTE 4.12500% 02/01/2028 152166 152166 151000 SPECTRUM BRANDS INC NOTE 5.75000% 07/15/2025 154209 154209 150000 TEGNA INC SER B NOTE 4.62500% 03/15/2028 151619 151619 65000 TELEFLEX INCORPORATED NOTE 4.62500% 11/15/2027 67600 67600 128000 TREEHOUSE FOODS INC NOTE CALL MAKE WHOLE 4.00000% 09/01/2028 122880 122880 90000 TRINITY ACQUISITION PLC NOTE 4.62500% 08/15/2023 94422 94422 145000 UNITED RENTALS NORTH AMER INC NOTE 5.50000% 05/15/2027 150800 150800 117000 WESTERN DIGITAL CORP. NOTE 4.75000% 02/15/2026 127823 127823 29000 WILLIS NORTH AMER INC NOTE 3.60000% 05/15/2024 30378 30378 75000 ZIMMER BIOMET HOLDINGS INC NOTE 3.05000% 01/15/2026 78385 78385 44000 ZIMMER BIOMET HOLDINGS INC NOTE 3.55000% 04/01/2025 46366 46366 3484857 3484857 0 0 242158.533 ARTISAN INTL SMALL-MID CAP INSTL FMV 5029633 5029633 153416.944 ARTISAN INTL VALUE FUND INSTL FMV 6501810 6501810 89733.555 DRIEHAUS EMERGING MKTS GROWTH INSTL FMV 3711380 3711380 142050.665 EDGEWOOD GROWTH FUND INSTL CL FMV 8592645 8592645 615739.386 GQG PARTNERS US QUALITY SEL EQ INSTL FMV 10369051 10369051 212426.229 JPMORGAN HEDGED EQUITY CLASS I FMV 5733384 5733384 232445.722 SPYGLASS GROWTH FUND INSTL FMV 4156130 4156130 100575.674 SUNBRIDGE EMERGING MARKETS FUND INSTL FMV 2971005 2971005 30118.309 VANGUARD INSTL INDEX INSTL CLASS FMV 12221709 12221709 78962.354 VANGUARD SMALL-CAP VALUE INDEX ADMIRAL FMV 6065098 6065098 272866.906 WCM FOCUSED INTL GROWTH FUND INSTL FMV 7552956 7552956 PRIOR YEAR CHECKS CASHED IN CURRENT YEAR 700000 MISC - ADR AND BANK FEES 45 0 45 COMMONWEALTH OF MASS FILING FEE 500 0 500 OUTSTANDING CHECKS 100000 CHANGE IN NET UNREALIZED GAINS AND LOSSES ON INVESTMENTS 2692248 INVESTMENT MANAGEMENT FEES - ROPES AND GRAY 281302 281302 0 INVESTMENT MANAGEMENT FEES - DOLAN 53647 53647 0 COMPUTER WORK 2200 0 2200 FOREIGN TAXES PAID 14848 14848 0 2021 ESTIMATED TAXES PAID 18000 0 0 2020 EXCISE TAXES PAID CURRENT YEAR 66602 0 0